| 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 2014 | 31st March 2013 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 23034 364 | 23821 718 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | -3321 141 | -1538 025 | ||||
| Provision for diminution in value of investment | 1111 486 | 32 281 | ||||
| Provision for doubtful loans, investments & Debts | 1248 847 | 95 680 | ||||
| Amortisation of Premium on Investment | 200 694 | 188 507 | ||||
| Depreciation | 71 577 | 56 424 | ||||
| -Profit /Loss on sale of Assets | 232 | 85 | ||||
| Provision for Leave Encashment & Salary Arrears | 270 101 | -19 454 | ||||
| Sundry Balances Written off/ -back | 0 | -418 204 | 0 | -1184 502 | ||
| Operating Profit before working capital changes | 22616 160 | 22637 216 | ||||
| Changes in Unexpired Risk Reserves | -3513 477 | 4494 463 | ||||
| Changes in Premium Deficiency Reserve | 0 | -1414 674 | ||||
| Changes in Provisions for Outstanding Claims | 13538 262 | 18560 585 | ||||
| Changes in Income accrued on Investments | -649 234 | -785 766 | ||||
| Changes in Balances with Insurance Companies | 1610 724 | -3767 103 | ||||
| Changes in Advance and Deposits | -13505 234 | -10115 850 | ||||
| Changes in other Current Liabilities | 7405 899 | 4886 940 | 6167 806 | 13139 461 | ||
| Cash generated from operations | 27503 100 | 35776 677 | ||||
| Income Tax Paid (Net) | 557 267 | -628 195 | ||||
| Net Cash from Operating Activities | 28060 367 | 35148 482 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -667 798 | -110 186 | ||||
| Proceeds from sale of Fixed Assets | 541 | 40 | ||||
| Foreign Currency Translation Reserve | 4930 205 | 1748 255 | ||||
| Changes in net Investments | -28481 020 | -25125 570 | ||||
| Net Cash used in Investing Activities | -24218 072 | -23487 461 | ||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Dividend Paid | -5869 500 | 0 | ||||
| Dividend Tax Paid | -997 521 | 0 | ||||
| Net Cash from Financing Activities | -6867 021 | 0 | ||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | 3321 141 | 1538 025 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 296 415 | 13199 046 | ||||
| Cash and Cash equivalents at beginning of period | 82342 788 | 69143 742 | ||||
| Cash and Cash equivalents at the end of period | 82639 203 | 82342 788 | ||||