| 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) | |||||
| 30-Jun-17 | 30-Jun-16 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 3913 703 | 9788 766 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | 318 445 | -929 333 | ||||
| Provision for diminution in value of investment | 0 | 0 | ||||
| Provision for doubtful loans, investments & Debts | 968 764 | 90 596 | ||||
| Amortisation of Premium on Investment | 51 748 | 46 033 | ||||
| Depreciation | 18 259 | 24 720 | ||||
| -Profit /Loss on sale of Assets | - 2 | 0 | ||||
| Provision for Leave Encashment & Salary Arrears | -49 117 | -74 075 | ||||
| Sundry Balances Written off/ -back | 0 | 1308 097 | 0 | -842 059 | ||
| Operating Profit before working capital changes | 5221 800 | 8946 707 | ||||
| Changes in Unexpired Risk Reserves | 42337 697 | 6067 105 | ||||
| Changes in Premium Deficiency Reserve | 0 | 0 | ||||
| Changes in Provisions for Outstanding Claims | 44065 907 | 9311 769 | ||||
| Changes in Income accrued on Investments | -129 776 | 199 733 | ||||
| Changes in Balances with Insurance Companies | -59668 602 | -14715 674 | ||||
| Changes in Advance and Deposits | 423 902 | 2560 070 | ||||
| Changes in other Current Liabilities | 590 416 | 27619 544 | -342 459 | 3080 544 | ||
| Cash generated from operations | 32841 344 | 12027 251 | ||||
| Income Tax Paid (Net) | -1683 835 | -786 503 | ||||
| Net Cash from Operating Activities | 31157 509 | 11240 748 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | - 641 | -3 878 | ||||
| Proceeds from sale of Fixed Assets | - 134 | 233 | ||||
| Foreign Currency Translation Reserve | 873 639 | -544 458 | ||||
| Changes in net Investments | -19500 694 | -15869 078 | ||||
| Net Cash used in Investing Activities | -18627 830 | -16417 181 | ||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Dividend Paid | 0 | 0 | ||||
| Dividend Tax Paid | 0 | 0 | ||||
| Net Cash from Financing Activities | 0 | 0 | ||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | -318 445 | 929 333 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 12211 234 | -4247 100 | ||||
| Cash and Cash equivalents at beginning of period | 121907 652 | 97614 005 | ||||
| Cash and Cash equivalents at the end of period | 134118 886 | 93366 905 | ||||