FORM NL-7-OPERATING EXPENSES SCHEDULE |
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA |
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OPERATING EXPENSES RELATED TO INSURANCE BUSINESS |
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(` '000) |
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PARTICUALRS |
For the Twelve Months ending 31.03.2017 |
Up to the Twelve Months ending 31.03.2017 |
For the corresponding Twelve months of the preceeding year |
Up to the corresponding twelve months of the prceeding year |
1 |
Employees’ remuneration & welfare benefits |
212 550 |
964 370 |
180 094 |
859 963 |
2 |
Travel, conveyance and vehicle running expenses |
14 127 |
81 346 |
22 462 |
89 762 |
3 |
Training expenses |
5 769 |
22 328 |
6 932 |
23 425 |
4 |
Rents, rates & taxes |
12 751 |
64 815 |
8 613 |
60 272 |
5 |
Repairs |
46 630 |
208 021 |
(24 113) |
212 637 |
6 |
Printing & stationery |
2 587 |
4 080 |
( 378) |
2 735 |
7 |
Communication |
5 639 |
15 745 |
3 897 |
12 338 |
8 |
Legal & professional charges |
20 398 |
87 214 |
16 356 |
50 940 |
9 |
Auditors' fees, expenses etc |
0 |
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0 |
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(a) as auditor |
5 022 |
7 129 |
6 464 |
8 239 |
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(b) as adviser or in any other capacity, in respect of |
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(i) Taxation matters |
300 |
300 |
300 |
300 |
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(ii) Insurance matters |
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(iii) Management services; and |
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(c) in any other capacity |
0 |
0 |
2 |
2 |
10 |
Advertisement and publicity |
18 116 |
61 442 |
21 888 |
54 412 |
11 |
Interest & Bank Charges |
5 836 |
15 135 |
5 129 |
11 734 |
12 |
Others |
130 308 |
316 714 |
35 809 |
198 600 |
13 |
Depreciation |
22 987 |
96 805 |
27 583 |
95 789 |
14 |
Service Tax A/C |
2 058 |
3 737 |
2 266 |
4 557 |
15 |
IT Expenses |
2 430 |
98 690 |
121 269 |
121 269 |
16 |
Swachh Bharat Cess |
2 652 |
349 399 |
0 |
0 |
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TOTAL |
510 160 |
2397 270 |
434 573 |
1806 974 |
Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item. |