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 30.06.2016 As at 30.06.2015
  ADVANCES    
1 Reserve deposits with ceding companies 30481 486 26411 934
2 Application money for investments  0 25 000
3 Prepayments 21 492 14 682
4 Advances to  Directors/Officers 5 759 5 195
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 1592 284 1384 186
6 Others 313 252 1404 317
7 Deferred Commission 507 410 415 384
  TOTAL (A) 32921 683 29660 698
  OTHER ASSETS    
1 Income accrued on investments 8067 543 7269 575
2 Outstanding Premiums    
3 Agents’ Balances    
4 Foreign Agencies Balances    
5 Due from other entities carrying on insurance business  (including reinsurers) 47468 990 37643 991
6 Due from subsidiaries/ holding    
7 Deposit U/S-7 of Insurance Act  0 294 802
8 Sundry Debtors 309 379 38 523
9 Sundry Deposits 360 538 360 055
10 LPA Assets  0  0
11 MAT Credit 15045 407 10954 816
12 Service Tax Unutilised Credit 428 530 343 260
13 Terrorism Pool Assets  0  0
  TOTAL (B) 71680 387 56905 022
  TOTAL (A+B) 104602 070 86565 720
 2  1
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)