| 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) | |||