| 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) | |||||
| 31-Dec-17 | 31-Dec-16 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 30970 486 | 6631 298 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | 1435 740 | -1777 255 | ||||
| Provision for diminution in value of investment | 0 | 0 | ||||
| Provision for doubtful loans, investments & Debts | 1102 787 | 3210 255 | ||||
| Amortisation of Premium on Investment | 182 201 | 137 070 | ||||
| Depreciation | 55 410 | 73 818 | ||||
| -Profit /Loss on sale of Assets | - 19 | 115 | ||||
| Provision for Leave Encashment & Salary Arrears | -61 009 | 47 329 | ||||
| Sundry Balances Written off/ -back | 0 | 2715 110 | 0 | 1691 332 | ||
| Operating Profit before working capital changes | 33685 596 | 8322 630 | ||||
| Changes in Unexpired Risk Reserves | -6882 733 | 53044 147 | ||||
| Changes in Premium Deficiency Reserve | 0 | 0 | ||||
| Changes in Provisions for Outstanding Claims | 107949 168 | 53734 070 | ||||
| Changes in Income accrued on Investments | -579 885 | 322 414 | ||||
| Changes in Balances with Insurance Companies | -74317 701 | -75942 495 | ||||
| Changes in Advance and Deposits | 659 120 | 2826 829 | ||||
| Changes in other Current Liabilities | 1036 288 | 27864 257 | 332 584 | 34317 549 | ||
| Cash generated from operations | 61549 853 | 42640 179 | ||||
| Income Tax Paid (Net) | -7245 406 | -4075 983 | ||||
| Net Cash from Operating Activities | 54304 447 | 38564 196 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -145 487 | -11 007 | ||||
| Proceeds from sale of Fixed Assets | 2 099 | 1 117 | ||||
| Foreign Currency Translation Reserve | 1765 778 | -3130 966 | ||||
| Changes in net Investments | -34763 064 | -25599 411 | ||||
| Net Cash used in Investing Activities | -33140 674 | -28740 267 | ||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
| Dividend Paid | -10020 000 | -8600 000 | ||||
| Dividend Tax Paid | -2039 872 | -1750 788 | ||||
| Net Cash from Financing Activities | -12059 872 | -10350 788 | ||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | -1435 740 | 1777 255 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 7668 162 | 1250 396 | ||||
| Cash and Cash equivalents at beginning of period | 121907 652 | 97614 005 | ||||
| Cash and Cash equivalents at the end of period | 129575 813 | 98864 402 | ||||