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) | ( ₹ in 000) | |||||
31 Mar 21 | 31 Mar 20 | |||||
A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
Net Profit before taxation as per Profit & Loss A/c | 31633 822 | -4459 708 | ||||
Adjustments for: | ||||||
Exchange -Loss/Gain charged | 2644 800 | -5436 137 | ||||
Provision for diminution in value of investment | 340 251 | 2256 234 | ||||
Provision for doubtful loans, investments & Debts | 1175 470 | 9848 426 | ||||
Amortisation of Premium on Investment | 349 484 | 315 009 | ||||
Depreciation | 136 767 | 178 125 | ||||
-Profit /Loss on sale of Assets | - 262 | 3 547 | ||||
Provision for Leave Encashment & Salary Arrears | -444 556 | 596 474 | ||||
Sundry Balances Written off/ -back | 4 | 4201 958 | 0 | 7761 678 | ||
Operating Profit before working capital changes | 35835 780 | 3301 970 | ||||
Changes in Unexpired Risk Reserves | 23316 058 | 25099 837 | ||||
Changes in Premium Deficiency Reserve | 352 962 | 194 154 | ||||
Changes in Provisions for Outstanding Claims | 15412 935 | 117999 770 | ||||
Changes in Income accrued on Investments | -1036 439 | -157 359 | ||||
Changes in Balances with Insurance Companies | 60050 536 | -52609 498 | ||||
Changes in Advance and Deposits | 2654 397 | -136 314 | ||||
Changes in other Current Liabilities | 2244 779 | 102995 228 | -5110 133 | 85280 457 | ||
Cash generated from operations | 138831 008 | 88582 427 | ||||
Income Tax Paid (Net) | -10594 367 | -6336 525 | ||||
Net Cash from Operating Activities | 128236 641 | 82245 902 | ||||
B ) | CASH FLOWS FROM INVESTING ACTIVITIES |
| ||||
Purchase of Fixed Assets | -25 273 | -24 759 | ||||
Proceeds from sale of Fixed Assets | 4 040 | 1 930 | ||||
Foreign Currency Translation Reserve | 2052 750 | 3486 464 | ||||
Changes in net Investments | -103220 271 | -46810 436 | ||||
Net Cash used in Investing Activities | -101188 754 | -43346 801 | ||||
C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Dividend Paid | 0 | -11842 200 | ||||
Dividend Tax Paid | 0 | -2434 283 | ||||
Net Cash from Financing Activities | 0 | -14276 483 | ||||
D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | -2644 800 | 5436 137 | |||
Net increase in Cash and Cash equivalents (A+B+C+D) | 24403 086 | 30058 755 | ||||
Cash and Cash equivalents at beginning of period | 158537 841 | 128479 085 | ||||
Cash and Cash equivalents at the end of period | 182940 927 | 158537 841 | ||||