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FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE |
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Format of Receipts and Payments A/c to be furnished by the insurers on direct basis |
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(` in '000) |
(` '000) |
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31-Dec-19 |
31-Dec-18 |
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A ) |
CASH FLOW FROM OPERATING ACTIVITIES |
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Net Profit before taxation as per Profit & Loss A/c |
-15470 597 |
22397 397 |
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Adjustments for: |
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Exchange -Loss/Gain charged |
-2158 405 |
-3706 415 |
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Provision for diminution in value of investment |
0 |
4 500 |
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Provision for doubtful loans, investments & Debts |
8564 273 |
3154 642 |
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Amortisation of Premium on Investment |
234 844 |
231 621 |
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Depreciation |
140 351 |
93 607 |
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-Profit /Loss on sale of Assets |
2 450 |
157 |
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Provision for Leave Encashment & Salary Arrears |
707 465 |
-65 659 |
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Sundry Balances Written off/ -back |
0 |
7490 978 |
0 |
-287 547 |
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Operating Profit before working capital changes |
-7979 619 |
22109 850 |
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Changes in Unexpired Risk Reserves |
17388 601 |
5983 912 |
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Changes in Premium Deficiency Reserve |
324 220 |
48 583 |
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Changes in Provisions for Outstanding Claims |
128870 613 |
75030 266 |
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Changes in Income accrued on Investments |
-442 503 |
-1019 031 |
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Changes in Balances with Insurance Companies |
-81897 468 |
-49553 602 |
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Changes in Advance and Deposits |
-3303 071 |
-1532 823 |
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Changes in other Current Liabilities |
-519 232 |
60421 160 |
2025 129 |
30982 434 |
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Cash generated from operations |
52441 541 |
53092 284 |
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Income Tax Paid (Net) |
-5963 039 |
-4300 367 |
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Net Cash from Operating Activities |
46478 502 |
48791 917 |
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B ) |
CASH FLOWS FROM INVESTING ACTIVITIES |
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Purchase of Fixed Assets |
-18 423 |
-245 520 |
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Proceeds from sale of Fixed Assets |
1 275 |
2 661 |
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Foreign Currency Translation Reserve |
2114 096 |
542 047 |
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Changes in net Investments |
-21237 151 |
-59380 791 |
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Net Cash used in Investing Activities |
-19140 203 |
-59081 603 |
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C ) |
CASH FLOWS FROM FINANCING ACTIVITIES |
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Dividend Paid |
-11842 200 |
-11842 200 |
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Dividend Tax Paid |
-2434 283 |
-2434 283 |
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Net Cash from Financing Activities |
-14276 483 |
-14276 483 |
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D) |
Effect of Foreign Exchange on Cash & Cash equivalents(Net) |
2158 405 |
3706 415 |
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Net increase in Cash and Cash equivalents (A+B+C+D) |
15220 221 |
-20859 754 |
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Cash and Cash equivalents at beginning of period |
128479 085 |
141716 159 |
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Cash and Cash equivalents at the end of period |
143699 306 |
120856 405 |
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