| 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-18 | 30-Jun-17 | |||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
| Net Profit before taxation as per Profit & Loss A/c | 10297 445 | 3913 703 | ||||
| Adjustments for: | ||||||
| Exchange -Loss/Gain charged | -2813 112 | 318 446 | ||||
| Provision for diminution in value of investment | 0 | 0 | ||||
| Provision for doubtful loans, investments & Debts | 481 817 | 968 764 | ||||
| Amortisation of Premium on Investment | 79 447 | 51 748 | ||||
| Depreciation | 18 853 | 18 259 | ||||
| -Profit /Loss on sale of Assets | - 7 | - 2 | ||||
| Provision for Leave Encashment & Salary Arrears | -14 021 | -49 117 | ||||
| Sundry Balances Written off/ -back | 0 | -2247 023 | 0 | 1308 098 | ||
| Operating Profit before working capital changes | 8050 422 | 5221 801 | ||||
| Changes in Unexpired Risk Reserves | 27373 881 | 42337 697 | ||||
| Changes in Premium Deficiency Reserve | 90 385 | 0 | ||||
| Changes in Provisions for Outstanding Claims | 72539 198 | 44065 908 | ||||
| Changes in Income accrued on Investments | -668 078 | -129 777 | ||||
| Changes in Balances with Insurance Companies | -91866 609 | -59668 602 | ||||
| Changes in Advance and Deposits | -535 003 | 423 902 | ||||
| Changes in other Current Liabilities | -574 229 | 6359 544 | 590 415 | 27619 543 | ||
| Cash generated from operations | 14409 966 | 32841 345 | ||||
| Income Tax Paid (Net) | -1366 862 | -1683 835 | ||||
| Net Cash from Operating Activities | 13043 104 | 31157 510 | ||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | |||||
| Purchase of Fixed Assets | -15 700 | - 641 | ||||
| Proceeds from sale of Fixed Assets | - 53 | - 135 | ||||
| Foreign Currency Translation Reserve | 913 790 | 873 639 | ||||
| Changes in net Investments | -33349 679 | -19500 694 | ||||
| Net Cash used in Investing Activities | -32451 642 | -18627 830 | ||||
| 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) | 2813 112 | -318 445 | |||
| Net increase in Cash and Cash equivalents (A+B+C+D) | -16595 425 | 12211 234 | ||||
| Cash and Cash equivalents at beginning of period | 141716 159 | 121907 652 | ||||
| Cash and Cash equivalents at the end of period | 125120 734 | 134118 886 | ||||