| 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-Mar-18 | 31-Mar-17 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 36682 560 | 36238 557 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | 763 575 | 464 766 | ||||
| Provision for diminution in value of investment | 203 200 | 556 439 | ||||
| Provision for doubtful loans, investments & Debts | 1289 539 | 2595 645 | ||||
| Amortisation of Premium on Investment | 260 835 | 185 152 | ||||
| Depreciation | 74 035 | 96 805 | ||||
| -Profit /Loss on sale of Assets | 27 | 2 216 | ||||
| Provision for Leave Encashment & Salary Arrears | 49 161 | 79 014 | ||||
| Sundry Balances Written off/ -back | 0 | 2640 372 | 0 | 3980 037 | ||
| Operating Profit before working capital changes | 39322 932 | 40218 594 | ||||
| Changes in Unexpired Risk Reserves | -4615 967 | 34596 585 | ||||
| Changes in Premium Deficiency Reserve | 0 | 0 | ||||
| Changes in Provisions for Outstanding Claims | 116015 890 | 86663 173 | ||||
| Changes in Income accrued on Investments | -1034 517 | -122 115 | ||||
| Changes in Balances with Insurance Companies | -50141 789 | -81342 470 | ||||
| Changes in Advance and Deposits | -11313 021 | 56069 390 | ||||
| Changes in other Current Liabilities | 2394 271 | 51304 867 | -55114 175 | 40750 388 | ||
| Cash generated from operations | 90627 799 | 80968 982 | ||||
| Income Tax Paid (Net) | -4007 266 | -3151 207 | ||||
| Net Cash from Operating Activities | 86620 533 | 77817 775 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -151 543 | -33 859 | ||||
| Proceeds from sale of Fixed Assets | 1 818 | 1 342 | ||||
| Foreign Currency Translation Reserve | 4485 053 | -5137 193 | ||||
| Changes in net Investments | -58323 907 | -37538 864 | ||||
| Net Cash used in Investing Activities | -53988 579 | -42708 574 | ||||
| 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) | -763 575 | -464 766 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 19808 507 | 24293 647 | ||||
| Cash and Cash equivalents at beginning of period | 121907 652 | 97614 005 | ||||
| Cash and Cash equivalents at the end of period | 141716 159 | 121907 652 | ||||