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 31.12.2018 As at 31.12.2017

ADVANCES

1 Reserve deposits with ceding companies 67081 648 49960 222
2 Application money for investments 0 0
3 Prepayments 51 872 33 641
4 Advances to  Directors/Officers 9 885 5 867
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 610 557 2234 073
6 Others 119 522 73 495
7 Deferred Commission 0 0

TOTAL (A) 67873 484 52307 298

OTHER ASSETS

1 Income accrued on investments 10442 940 8969 277
2 Outstanding Premiums

3 Agents’ Balances

4 Foreign Agencies Balances

2 Due from other entities carrying on insurance business  (including reinsurers) 178404 379 164393 923
3 Due from subsidiaries/ holding

4 Deposit U/S-7 of Insurance Act 0 0
5 Sundry Debtors 1331 407 484 622
6 Sundry Deposits 10192 841 1331 641
7 LPA Assets 0 0
8 MAT Credit 18864 155 16369 380
9 Service Tax Unutilised Credit 0 0
10 Terrorism Pool Assets 0 0
11 GST Asset 1233 928 0

TOTAL (B) 220469 650 191548 843

TOTAL (A+B) 288343 134 243856 141




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)