| FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE | |||||
|---|---|---|---|---|---|
| Format of Receipts and Payments A/c to be furnished by the insurers on direct basis | |||||
| 31st March 2012 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | ||||
| Net Profit before taxation as per Profit & Loss A/c | 11974 156 | -24906 729 | |||
| Adjustments for: | |||||
| Exchange -Loss/Gain charged | -4139 001 | -3487 648 | |||
| Provision for diminution in value of investment | 0 | 161 486 | |||
| Provision for doubtful loans, investments & Debts | 1335 002 | 1506 990 | |||
| Amortisation of Premium on Investment | 102 220 | 202 050 | |||
| Depreciation | 33 278 | 43 938 | |||
| -Profit /Loss on sale of Assets | - 52 | - 895 | |||
| Provision for Leave Encashment & Salary Arrears | 69 440 | 46 806 | |||
| Sundry Balances Written off/ -back | 0 | -2599 113 | 3 | -1527 270 | |
| Operating Profit before working capital changes | 9375 043 | -26433 999 | |||
| Changes in Unexpired Risk Reserves | -561 913 | 12425 134 | |||
| Changes in Premium Deficiency Reserve | 0 | 1414 674 | |||
| Changes in Provisions for Outstanding Claims | 20266 199 | 58370 260 | |||
| Changes in Income accrued on Investments | -1768 775 | -1350 281 | |||
| Changes in Balances with Insurance Companies | 4558 299 | -12565 535 | |||
| Changes in Advance and Deposits | -10644 927 | -4796 548 | |||
| Changes in other Current Liabilities | 3884 860 | 15733 743 | 4436 467 | 57934 171 | |
| Cash generated from operations | 25108 786 | 31500 172 | |||
| Income Tax Paid (Net) | 947 364 | 5081 211 | |||
| Net Cash from Operating Activities | 26056 150 | 36581 383 | |||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of Fixed Assets | -21 976 | -90 317 | |||
| Proceeds from sale of Fixed Assets | - 410 | 2 201 | |||
| Foreign Currency Translation Reserve | 6820 385 | 3382 415 | |||
| Changes in net Investments | -26740 580 | -18518 246 | |||
| Net Cash used in Investing Activities | -19942 581 | -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) | 4139 001 | 3487 648 | ||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 10252 570 | 22446 252 | |||
| Cash and Cash equivalents at beginning of period | 68889 332 | 46697 490 | |||
| Cash and Cash equivalents at the end of period | 79141 902 | 69143 742 | |||