FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE | |||||||
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis | |||||||
(Rs. in '000) | (Rs. in '000) | ||||||
31-Mar-20 | 31-Mar-19 | ||||||
A ) | CASH FLOW FROM OPERATING ACTIVITIES | ||||||
Net Profit before taxation as per Profit & Loss A/c | -4459 708 | 34338 236 | |||||
Adjustments for: | |||||||
Exchange -Loss/Gain charged | -5436 137 | -3007 466 | |||||
Provision for diminution in value of investment | 2256 234 | 1618 482 | |||||
Provision for doubtful loans, investments & Debts | 9848 426 | 5814 939 | |||||
Amortisation of Premium on Investment | 315 009 | 304 671 | |||||
Depreciation | 178 125 | 139 898 | |||||
-Profit /Loss on sale of Assets | 3 547 | 199 | |||||
Provision for Leave Encashment & Salary Arrears | 596 474 | -51 582 | |||||
Sundry Balances Written off/ -back | 0 | 7761 678 | 0 | 4819 141 | |||
Operating Profit before working capital changes | 3301 970 | 39157 377 | |||||
Changes in Unexpired Risk Reserves | 25099 837 | 13168 870 | |||||
Changes in Premium Deficiency Reserve | 194 154 | 52 944 | |||||
Changes in Provisions for Outstanding Claims | 117999 770 | 43562 620 | |||||
Changes in Income accrued on Investments | -157 359 | -1001 372 | |||||
Changes in Balances with Insurance Companies | -52609 498 | -14794 975 | |||||
Changes in Advance and Deposits | -136 314 | 612 659 | |||||
Changes in other Current Liabilities | -5110 133 | 85280 457 | 2743 363 | 44344 109 | |||
Cash generated from operations | 88582 427 | 83501 486 | |||||
Income Tax Paid (Net) | -6336 525 | -13341 384 | |||||
Net Cash from Operating Activities | 82245 902 | 70160 102 | |||||
B ) | CASH FLOWS FROM INVESTING ACTIVITIES |
| |||||
Purchase of Fixed Assets | -24 759 | -398 302 | |||||
Proceeds from sale of Fixed Assets | 1 930 | 3 124 | |||||
Foreign Currency Translation Reserve | 3486 464 | 898 590 | |||||
Changes in net Investments | -46810 436 | -72631 571 | |||||
Net Cash used in Investing Activities | -43346 801 | -72128 159 | |||||
C ) | CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Dividend Paid | -11842 200 | -11842 200 | |||||
Dividend Tax Paid | -2434 283 | -2434 283 | |||||
Net Cash from Financing Activities | -14276 483 | -14276 483 | |||||
D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | 5436 137 | 3007 466 | ||||
Net increase in Cash and Cash equivalents (A+B+C+D) | 30058 755 | -13237 074 | |||||
Cash and Cash equivalents at beginning of period | 128479 085 | 141716 159 | |||||
Cash and Cash equivalents at the end of period | 158537 841 | 128479 085 | |||||