FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA 
ADVANCES AND OTHER ASSETS
Sr. No Particulars As at 31.12.2015 (` '000)
As at 31.12.2014
ADVANCES
1 Reserve deposits with ceding companies 29766923 27663869
2 Application money for investments 0 864591
3 Prepayments 9856 20398
4 Advances to  Directors/Officers 4376 5819
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) -159878 3638477
6 Others 1876303 1605438
7 Deferred Commission 332985 296817
TOTAL (A) 31830565 34095409
OTHER ASSETS
1 Income accrued on investments 7838533 6888369
2 Outstanding Premiums
3 Agents’ Balances
4 Foreign Agencies Balances
5 Due from other entities carrying on insurance business  (including reinsurers) 41041190 37537580
6 Due from subsidiaries/ holding
7 Deposit U/S-7 of Insurance Act 293765 295821
8 Sundry Debtors -19345 48874
9 Sundry Deposits 360532 289485
10 LPA Assets 0 0
11 MAT Credit 11742956 7301516
12 Service Tax Unutilised Credit 530842 268043
13 Terrorism Pool Assets 53799545 46339177
TOTAL (B) 115588018 98968865
TOTAL (A+B) 147418583 133064274

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)