FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS
(` '000)

Particulars TWELVE MONTH ENDING 31.03.2014 TWELVE MONTH ENDING 31.03.2013

ADVANCES

1 Reserve deposits with ceding companies 25255 607 21428 778
2 Application money for investments 277 548 0
3 Prepayments 46 503 62 217
4 Advances to  Directors/Officers 4 799 2 950
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 8451 831 9508 436
6 Service Tax and Others 1110 248 62 968
7 Deferred Commission 505 797 427 852

TOTAL (A) 35652 333 31493 201

OTHER ASSETS

1 Income accrued on investments 6692 382 6043 149
2 Outstanding Premiums

3 Agents’ Balances

4 Foreign Agencies Balances

5 Due from other entities carrying on insurance business  (including reinsurers) 32846 402 36548 670
6 Due from subsidiaries/ holding

7 Deposit U/S-7 of Insurance Act 297 370 299 425
8 Sundry Debtors 961 925 7 625
9 Sundry Deposits 252 491 269 472
10 LPA Assets 0 0
11 MAT Credit 7301 516 3666 672
12 Service Tax Unutilised Credit 684 396 0
13 Terrorism Pool Assets 40581 558 33719 737

TOTAL (B) 89618 040 80554 750

TOTAL (A+B) 125270 373 112047 951




Notes:


(a)        The items under the above heads shall not be shown net of provisions for doubtful amounts. The amount of provision against each head should be shown separately.
(b)        The term ‘officer’ should conform to the definition of that term as  given under the Companies Act, 1956.
(c)        Sundry Debtors will be shown under item 9(others)