| 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 2015 | 31st March 2014 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 28272347 | 23034364 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | 859451 | -3321141 | ||||
| Provision for diminution in value of investment | 588077 | 1111486 | ||||
| Provision for doubtful loans, investments & Debts | 1107131 | 1248847 | ||||
| Amortisation of Premium on Investment | 181025 | 200694 | ||||
| Depreciation | 92462 | 71577 | ||||
| -Profit /Loss on sale of Assets | -167 | 232 | ||||
| Provision for Leave Encashment & Salary Arrears | -56489 | 270101 | ||||
| Sundry Balances Written off/ -back | 0 | 2771490 | 0 | -418204 | ||
| Operating Profit before working capital changes | 31043837 | 22616160 | ||||
| Changes in Unexpired Risk Reserves | 2987612 | -3513478 | ||||
| Changes in Premium Deficiency Reserve | 584596 | 0 | ||||
| Changes in Provisions for Outstanding Claims | -3634095 | 13538262 | ||||
| Changes in Income accrued on Investments | -857789 | -649234 | ||||
| Changes in Balances with Insurance Companies | 165893 | 1610724 | ||||
| Changes in Advance and Deposits | -14031392 | -13505234 | ||||
| Changes in other Current Liabilities | 7230054 | -7555121 | 7405899 | 4886939 | ||
| Cash generated from operations | 23488716 | 27503099 | ||||
| Income Tax Paid (Net) | 2224903 | 557267 | ||||
| Net Cash from Operating Activities | 25713619 | 28060366 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -327078 | -667798 | ||||
| Proceeds from sale of Fixed Assets | 1617 | 541 | ||||
| Foreign Currency Translation Reserve | -1322146 | 4930206 | ||||
| Changes in net Investments | -24691185 | -28481020 | ||||
| Net Cash used in Investing Activities | -26338792 | -24218071 | ||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Dividend Paid | -3311000 | -5869500 | ||||
| Dividend Tax Paid | -562705 | -997522 | ||||
| Net Cash from Financing Activities | -3873705 | -6867022 | ||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | -859451 | 3321141 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | -5358329 | 296414 | ||||
| Cash and Cash equivalents at beginning of period | 82639203 | 82342788 | ||||
| Cash and Cash equivalents at the end of period | 77280874 | 82639202 | ||||