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FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE |
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Format of Receipts and Payments A/c to be furnished by the insurers on direct basis |
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(` '000) |
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| 31 March 2016 |
31 March 2015 |
| A ) |
CASH FLOW FROM OPERATING ACTIVITIES |
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Net Profit before taxation as per Profit & Loss A/c |
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29565 068 |
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28272 347 |
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Adjustments for: |
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Exchange -Loss/Gain charged |
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-2320 685 |
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859 451 |
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Provision for diminution in value of investment |
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1359 916 |
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588 077 |
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Provision for doubtful loans, investments & Debts |
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-1158 436 |
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1107 131 |
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Amortisation of Premium on Investment |
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185 605 |
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181 025 |
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Depreciation |
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95 789 |
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92 462 |
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-Profit /Loss on sale of Assets |
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223 |
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- 167 |
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Provision for Leave Encashment & Salary Arrears |
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-106 467 |
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-56 489 |
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Sundry Balances Written off/ -back |
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0 |
-1944 055 |
0 |
2771 490 |
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Operating Profit before working capital changes |
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27621 013 |
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31043 837 |
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Changes in Unexpired Risk Reserves |
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12019 459 |
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2987 612 |
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Changes in Premium Deficiency Reserve |
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-584 596 |
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584 596 |
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Changes in Provisions for Outstanding Claims |
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13940 843 |
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-3634 095 |
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Changes in Income accrued on Investments |
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-717 106 |
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-857 789 |
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Changes in Balances with Insurance Companies |
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2993 839 |
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165 893 |
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Changes in Advance and Deposits |
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-8971 612 |
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-14031 392 |
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Changes in other Current Liabilities |
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7674 907 |
26355 734 |
7230 054 |
-7555 121 |
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Cash generated from operations |
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53976 747 |
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23488 716 |
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Income Tax Paid (Net) |
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4043 785 |
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2224 903 |
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Net Cash from Operating Activities |
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58020 532 |
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25713 619 |
| B ) |
CASH FLOWS FROM INVESTING ACTIVITIES |
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Purchase of Fixed Assets |
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-424 024 |
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-327 078 |
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Proceeds from sale of Fixed Assets |
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1 617 |
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1 617 |
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Foreign Currency Translation Reserve |
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2248 603 |
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-1322 146 |
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Changes in net Investments |
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-35334 950 |
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-24691 185 |
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Net Cash used in Investing Activities |
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-33508 754 |
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-26338 792 |
| C ) |
CASH FLOWS FROM FINANCING ACTIVITIES |
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Dividend Paid |
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-5400 000 |
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-3311 000 |
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Dividend Tax Paid |
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-1099 332 |
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-562 705 |
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Net Cash from Financing Activities |
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-6499 332 |
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-3873 705 |
| D) |
Effect of Foreign Exchange on Cash & Cash equivalents(Net) |
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2320 685 |
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-859 451 |
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Net increase in Cash and Cash equivalents (A+B+C+D) |
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20333 131 |
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-5358 329 |
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Cash and Cash equivalents at beginning of period |
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77280 874 |
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82639 203 |
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Cash and Cash equivalents at the end of period |
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97614 005 |
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77280 874 |