FORM NL-7-OPERATING EXPENSES SCHEDULE | |||||
Name of the Insurer: GENERAL INSURANCE CORPORATION OF INDIA | |||||
OPERATING EXPENSES RELATED TO INSURANCE BUSINESS | ( ₹ in 000) | ||||
PARTICUALRS | For the Three Months ending 31.12.2020 | Upto Nine Months Ending 31.12.2020 | For the Three Months ending 31.12.2019 | Upto Nine Months Ending 31.12.2019 | |
1 | Employees’ remuneration & welfare benefits | 504 515 | 934 355 | -2 820 | 1558 509 |
2 | Travel, conveyance and vehicle running expenses | 1 750 | 3 671 | 18 462 | 51 055 |
3 | Training expenses | 1 404 | 1 842 | 4 734 | 10 168 |
4 | Rents, rates & taxes | 16 673 | 43 379 | 17 393 | 49 299 |
5 | Repairs | 60 977 | 152 832 | 57 448 | 165 344 |
6 | Printing & stationery | 189 | 323 | 849 | 2 001 |
7 | Communication | 2 441 | 6 778 | 3 050 | 9 566 |
8 | Legal & professional charges | 21 482 | 57 661 | 26 638 | 58 597 |
9 | Auditors' fees, expenses etc | 0 | 0 | ||
(a) as auditor | 3 558 | 17 162 | 3 108 | 10 970 | |
(b) as adviser or in any other capacity, in respect of | 0 | 0 | 0 | 0 | |
(i) Taxation matters | 0 | 0 | 0 | 0 | |
(ii) Insurance matters | 543 | 543 | 0 | 0 | |
(iii) Management services; and | 0 | 0 | 0 | 0 | |
(c) in any other capacity | - 539 | 0 | 0 | 16 | |
10 | Advertisement and publicity | 10 658 | 21 889 | 15 342 | 57 244 |
11 | Interest & Bank Charges | 163 102 | 515 726 | 20 357 | 195 138 |
12 | IT Expenses | 20 921 | 117 495 | 39 074 | 146 462 |
13 | Depreciation | 33 872 | 101 273 | 34 166 | 140 351 |
14 | GST Expenses A/c | ( 99 937.00) | ( 71 846.00) | 232 374 | 232 374 |
15 | Swachh Bharat Cess | 0 | 0 | 0 | 0 |
16 | Others | 33 570 | 102 159 | 58 389 | 128 727 |
TOTAL | 775 179 | 2005 242 | 528 564 | 2815 821 | |
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. | |||||