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 31.03.2021 | For the Year ending 31.03.2021 | For the Three Months ending 31.03.2020 | For the Year ending 31.03.2020 | |
1 | Employees’ remuneration & welfare benefits | 455 106 | 1389 461 | 429 975 | 1988 484 |
2 | Travel, conveyance and vehicle running expenses | 1 983 | 5 654 | 10 643 | 61 698 |
3 | Training expenses | 3 756 | 5 598 | 9 117 | 19 285 |
4 | Rents, rates & taxes | 12 110 | 55 489 | 12 925 | 62 224 |
5 | Repairs | 38 422 | 191 254 | 52 040 | 217 384 |
6 | Printing & stationery | 246 | 569 | 1 267 | 3 268 |
7 | Communication | 3 681 | 10 459 | 3 855 | 13 421 |
8 | Legal & professional charges | 28 663 | 86 324 | 42 495 | 101 092 |
9 | Auditors' fees, expenses etc | 0 | 0 | ||
(a) as auditor | 2 229 | 19 391 | 1 226 | 12 196 | |
(b) as adviser or in any other capacity, in respect of | |||||
(i) Taxation matters | 1 000 | 1 000 | 1 000 | 1 000 | |
(ii) Insurance matters | 750 | 750 | |||
(iii) Management services; and | 0 | 0 | |||
(c) in any other capacity | 287 | 830 | 0 | 0 | |
10 | Advertisement and publicity | 6 414 | 28 303 | 16 865 | 74 109 |
11 | Interest & Bank Charges | 81 632 | 597 358 | 48 042 | 243 180 |
12 | IT Expenses | 68 058 | 185 553 | 39 368 | 185 830 |
13 | Depreciation | 35 494 | 136 767 | 37 774 | 178 125 |
14 | GST Expenses A/c | 15 155 | -56 691 | 173 778 | 406 152 |
15 | Swachh Bharat Cess | 0 | 0 | 0 | 0 |
16 | Others | 27 905 | 130 064 | 33 197 | 161 924 |
TOTAL | 782 141 | 2787 383 | 914 317 | 3730 122 | |
0 | 0 | ||||
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. | |||||