FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
	Format of Receipts and Payments A/c to be furnished by the insurers on direct basis(indirect method followed by Gic re)
				(` in  '000)		(` '000)
			31st March 2017		31st March 2016
A )	CASH FLOW FROM OPERATING ACTIVITIES
	Net Profit before taxation as per Profit & Loss A/c			36238 557		29565 068
	Adjustments for:
	Exchange -Loss/Gain charged		464 766		(2320 685)
	Provision for diminution in value of investment		556 439		1359 916
	Provision for doubtful loans, investments & Debts		2595 645		(1158 436)
	Amortisation of Premium on Investment		185 152		185 605
	Depreciation		96 805		95 789
	-Profit /Loss on sale of Assets		2 216		223
	Provision for Leave Encashment & Salary Arrears		79 014		(106 467)
	Sundry Balances Written off/ -back		0	3980 037	0	(1944 055)
	Operating Profit before working capital changes			40218 594		27621 013
	Changes in Unexpired Risk Reserves		34596 585		12019 459
	Changes in Premium Deficiency Reserve		0		-584 596
	Changes in Provisions for Outstanding Claims		86663 173		13940 843
	Changes in Income accrued on Investments		(122 115)		-717 106
	Changes in Balances with Insurance Companies		(81342 470)		2993 839
	Changes in Advance and Deposits		56069 390		-8971 612
	Changes in other Current Liabilities		(55114 175)	40750 388	7674 907	26355 734
	Cash generated from operations			80968 982		53976 747
	Income Tax Paid (Net)			(3151 207)		4043 785
	Net Cash from Operating Activities			77817 775		58020 532
B )	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets			(33 859)		(424 024)
	Proceeds from sale of Fixed Assets			1,342		1,617
	Foreign Currency Translation Reserve			(5137 193)		2,248,603
	Changes in net Investments			(37538 864)		(35334 950)
	Net Cash used in Investing Activities			(42708 574)		(33508 754)
C )	CASH FLOWS FROM FINANCING ACTIVITIES
	Dividend Paid			(8600 000)		(5400 000)
	Dividend Tax Paid			(1750 788)		(1099 332)
	Net Cash from Financing Activities			(10350 788)		(6499 332)
D)	Effect of Foreign Exchange on Cash & Cash equivalents(Net)			(464 766)		2320 685
	Net increase in Cash and Cash equivalents (A+B+C+D)			24,293,647		20333 131
	Cash and Cash equivalents at beginning of period			97614 005		77280 874
	Cash and Cash equivalents at the end of period			121907 652		97614 005