FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA 
ADVANCES AND OTHER ASSETS
(` '000)
Particulars As at 30.09.2015 As at 30.09.2014
ADVANCES
1 Reserve deposits with ceding companies 28034432 27080947
2 Application money for investments 0 864591
3 Prepayments 11752 9511
4 Advances to  Directors/Officers 7660 7586
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) -7424 2110080
6 Others 980953 386535
7 Deferred Commission 362245 304589
TOTAL (A) 29389618 30763839
OTHER ASSETS
1 Income accrued on investments 7331514 6587458
2 Outstanding Premiums
3 Agents’ Balances
4 Foreign Agencies Balances
5 Due from other entities carrying on insurance business  (including reinsurers) 44322143 39198234
6 Due from subsidiaries/ holding
7 Deposit U/S-7 of Insurance Act 294283 296339
8 Sundry Debtors 127216 72437
9 Sundry Deposits 359817 285377
10 LPA Assets 0 0
11 MAT Credit 10954816 7301516
12 Service Tax Unutilised Credit 530842 684396
13 Terrorism Pool Assets 51924047 44745854
TOTAL (B) 115844678 99171611
TOTAL (A+B) 145234296 129935450
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, 2013.
(c)        Sundry Debtors will be shown under item 9(others)