FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE |
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Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
ADVANCES AND OTHER ASSETS |
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(` '000) |
Sr. No. |
Particulars |
As at 31.03.2015 |
As at 31.03.2014 |
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ADVANCES |
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1 |
Reserve deposits with ceding companies |
25570338 |
25255607 |
2 |
Application money for investments |
0 |
277548 |
3 |
Prepayments |
78348 |
46503 |
4 |
Advances to Directors/Officers |
5258 |
4799 |
5 |
Advance tax paid and taxes deducted at source (Net of provision for taxation) |
4784155 |
8451831 |
6 |
Others |
2392388 |
1110248 |
7 |
Deferred Commission |
473178 |
505797 |
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TOTAL (A) |
33303665 |
35652333 |
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OTHER ASSETS |
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1 |
Income accrued on investments |
7550171 |
6692382 |
2 |
Outstanding Premiums |
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3 |
Agents’ Balances |
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4 |
Foreign Agencies Balances |
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5 |
Due from other entities carrying on insurance business (including reinsurers) |
36952020 |
32846402 |
6 |
Due from subsidiaries/ holding |
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7 |
Deposit U/S-7 of Insurance Act |
295314 |
297370 |
8 |
Sundry Debtors |
3394901 |
961925 |
9 |
Sundry Deposits |
289644 |
252491 |
10 |
LPA Assets |
0 |
0 |
11 |
MAT Credit |
10954816 |
7301516 |
12 |
Service Tax Unutilised Credit |
343261 |
684396 |
13 |
Terrorism Pool Assets |
47828436 |
40581558 |
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TOTAL (B) |
107608563 |
89618040 |
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TOTAL (A+B) |
140912228 |
125270373 |
Notes: |
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(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) |
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