| FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE | ||||||
|---|---|---|---|---|---|---|
| Format of Receipts and Payments A/c to be furnished by the insurers on direct basis | ||||||
| (` '000) | ||||||
| 30-Sep-17 | 30-Sep-16 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 23090 680 | 11630 627 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | -321 854 | -711 810 | ||||
| Provision for diminution in value of investment | 0 | 0 | ||||
| Provision for doubtful loans, investments & Debts | 1907 000 | 2935 528 | ||||
| Amortisation of Premium on Investment | 111 554 | 91 222 | ||||
| Depreciation | 36 220 | 49 253 | ||||
| -Profit /Loss on sale of Assets | 21 | 0 | ||||
| Provision for Leave Encashment & Salary Arrears | -6 866 | -21 289 | ||||
| Sundry Balances Written off/ -back | 0 | 1726 075 | 0 | 2342 904 | ||
| Operating Profit before working capital changes | 24816 755 | 13973 531 | ||||
| Changes in Unexpired Risk Reserves | 3922 739 | 33843 733 | ||||
| Changes in Premium Deficiency Reserve | 0 | 0 | ||||
| Changes in Provisions for Outstanding Claims | 90956 312 | 33733 749 | ||||
| Changes in Income accrued on Investments | -518 479 | 152 916 | ||||
| Changes in Balances with Insurance Companies | -72029 134 | -61530 643 | ||||
| Changes in Advance and Deposits | 1630 262 | 2490 100 | ||||
| Changes in other Current Liabilities | 767 721 | 24729 421 | -216 896 | 8472 959 | ||
| Cash generated from operations | 49546 176 | 22446 490 | ||||
| Income Tax Paid (Net) | -4244 093 | -3049 632 | ||||
| Net Cash from Operating Activities | 45302 083 | 19396 858 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -3 370 | -5 727 | ||||
| Proceeds from sale of Fixed Assets | - 201 | 474 | ||||
| Foreign Currency Translation Reserve | 2250 887 | -2120 987 | ||||
| Changes in net Investments | -25092 985 | -14181 163 | ||||
| Net Cash used in Investing Activities | -22845 669 | -16307 403 | ||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Dividend Paid | -10020 000 | -8600 000 | ||||
| Dividend Tax Paid | -2039 872 | 0 | ||||
| Net Cash from Financing Activities | -12059 872 | -8600 000 | ||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | 321 854 | 711 810 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 10718 397 | -4798 735 | ||||
| Cash and Cash equivalents at beginning of period | 121907 652 | 97614 005 | ||||
| Cash and Cash equivalents at the end of period | 132626 050 | 92815 270 | ||||