| FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE | ||||||
| Format of Receipts and Payments A/c to be furnished by the insurers on direct basis | ||||||
| (` in '000) | (` '000) | |||||
|---|---|---|---|---|---|---|
| 31st March 2013 | 31st March 2012 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 23821 718 | -24906 729 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | -1538 025 | -3487 648 | ||||
| Provision for diminution in value of investment | 32 281 | 161 486 | ||||
| Provision for doubtful loans, investments & Debts | 95 680 | 1506 990 | ||||
| Amortisation of Premium on Investment | 188 507 | 202 050 | ||||
| Depreciation | 56 424 | 43 938 | ||||
| -Profit /Loss on sale of Assets | 85 | - 895 | ||||
| Provision for Leave Encashment & Salary Arrears | -19 454 | 46 806 | ||||
| Sundry Balances Written off/ -back | 0 | -1184 502 | 3 | -1527 270 | ||
| Operating Profit before working capital changes | 22637 216 | -26433 999 | ||||
| Changes in Unexpired Risk Reserves | 4494 463 | 12425 134 | ||||
| Changes in Premium Deficiency Reserve | -1414 674 | 1414 674 | ||||
| Changes in Provisions for Outstanding Claims | 18560 585 | 58370 260 | ||||
| Changes in Income accrued on Investments | -785 766 | -1350 281 | ||||
| Changes in Balances with Insurance Companies | -3767 103 | -12565 535 | ||||
| Changes in Advance and Deposits | -10115 850 | -4796 548 | ||||
| Changes in other Current Liabilities | 6167 806 | 13139 461 | 4436 467 | 57934 171 | ||
| Cash generated from operations | 35776 677 | 31500 172 | ||||
| Income Tax Paid (Net) | -628 195 | 5081 211 | ||||
| Net Cash from Operating Activities | 35148 482 | 36581 383 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -110 186 | -90 317 | ||||
| Proceeds from sale of Fixed Assets | 40 | 2 201 | ||||
| Foreign Currency Translation Reserve | 1748 255 | 3382 415 | ||||
| Changes in net Investments | -25125 570 | -18518 246 | ||||
| Net Cash used in Investing Activities | -23487 461 | -15223 947 | ||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Dividend Paid | 0 | -2064 000 | ||||
| Dividend Tax Paid | 0 | -334 832 | ||||
| Net Cash from Financing Activities | 0 | -2398 832 | ||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | 1538 025 | 3487 648 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 13199 046 | 22446 252 | ||||
| Cash and Cash equivalents at beginning of period | 69143 742 | 46697 490 | ||||
| Cash and Cash equivalents at the end of period | 82342 788 | 69143 742 | ||||