FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE 
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   
ADVANCES AND OTHER ASSETS
(` '000)
Sr. No. Particulars As at 31.12.2014 As at 31.12.2013
  ADVANCES    
1 Reserve deposits with ceding companies 27663 869 24771 742
2 Application money for investments 864 591 277 548
3 Prepayments 20 398 1 520
4 Advances to  Directors/Officers 5 819 7 750
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 3638 477 8226 332
6 Others 1605 438 840 587
7 Deferred Commission 296 817 360 073
  TOTAL (A) 34095 409 34485 552
  OTHER ASSETS    
1 Income accrued on investments 6888 369 6780 179
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business  (including reinsurers) 37537 580 31743 990
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act 295 821 297 877
8 Sundry Debtors 48 874 23 025
9 Sundry Deposits 289 485 251 599
10 LPA Assets  0  0
11 MAT Credit 7301 516 5461 759
12 Service Tax Unutilised Credit 268 043  
13 Terrorism Pool Assets 46339 177 39143 797
  TOTAL (B) 98968 865 83702 226
  TOTAL (A+B) 133064 274 118187 778
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)