FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE | ||||||
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis | ||||||
(Rs. '000) | ||||||
30.06.2020 | 30.06.2019 | |||||
A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
Net Profit before taxation as per Profit & Loss A/c | -8112 210 | 1389 033 | ||||
Adjustments for: | ||||||
Exchange -Loss/Gain charged | -854 875 | -392 126 | ||||
Provision for diminution in value of investment | 0 | 0 | ||||
Provision for doubtful loans, investments & Debts | 1900 567 | 4029 588 | ||||
Amortisation of Premium on Investment | 79 211 | 73 986 | ||||
Depreciation | 33 646 | 42 467 | ||||
-Profit /Loss on sale of Assets | - 439 | - 31 | ||||
Provision for Leave Encashment & Salary Arrears | 33 005 | -43 122 | ||||
Sundry Balances Written off/ -back | 0 | 1191 115 | 0 | 3710 762 | ||
Operating Profit before working capital changes | -6921 095 | 5099 795 | ||||
Changes in Unexpired Risk Reserves | 9634 481 | 29069 421 | ||||
Changes in Premium Deficiency Reserve | 75 229 | 139 820 | ||||
Changes in Provisions for Outstanding Claims | 68590 528 | 77989 331 | ||||
Changes in Income accrued on Investments | 61 322 | -492 329 | ||||
Changes in Balances with Insurance Companies | -48335 723 | -90862 477 | ||||
Changes in Advance and Deposits | -96 430 | 229 180 | ||||
Changes in other Current Liabilities | 4040 509 | 33969 916 | -1493 905 | 14579 041 | ||
Cash generated from operations | 27048 821 | 19678 836 | ||||
Income Tax Paid (Net) | -555 798 | -3011 196 | ||||
Net Cash from Operating Activities | 26493 023 | 16667 640 | ||||
B ) | CASH FLOWS FROM INVESTING ACTIVITIES |
| ||||
Purchase of Fixed Assets | -1 294 | -3 868 | ||||
Proceeds from sale of Fixed Assets | 1 949 | 181 | ||||
Foreign Currency Translation Reserve | 57 435 | -1133 951 | ||||
Changes in net Investments | 5575 352 | -7602 390 | ||||
Net Cash used in Investing Activities | 5633 442 | -8740 028 | ||||
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) | 854 875 | 392 126 | |||
Net increase in Cash and Cash equivalents (A+B+C+D) | 32981 340 | 8319 738 | ||||
Cash and Cash equivalents at beginning of period | 158537 841 | 128479 085 | ||||
Cash and Cash equivalents at the end of period | 191519 181 | 136798 823 | ||||