| GENERAL INSURANCE CORPORATION OF INDIA | |||||||||
| REVIEWED STANDALONE CASH FLOW STATEMENT FOR THE HALF YEAR ENDED 30 SEPTEMBER 2021 | |||||||||
| As per Indirect Method | |||||||||
| (Amount in ₹ lakhs ) | |||||||||
| Particulars | 30 SEPTEMBER 2021 | 30 SEPTEMBER 2021 | 30 SEPTEMBER 2020 | ||||||
| A ) | CASH FLOW FROM OPERATING ACTIVITIES | ||||||||
| Net Profit before taxation as per Profit & Loss A/c | 4 703.07 | 5 | - | (39,894.22) | |||||
| Adjustments for: | - | 0.00 | |||||||
| Exchange -Loss/Gain charged | ( 21 568.16) | ( 22) | 15,525.62 | 0.00 | |||||
| Provision for diminution in value of investment | 1.88 | 0 | - | 0.00 | |||||
| Provision for doubtful loans, investments & Debts | 23 222.15 | 23 | 33,069.25 | 0.00 | |||||
| Amortisation of Premium on Investment | 2 197.39 | 2 | 1,602.06 | 0.00 | |||||
| Depreciation | 485.28 | 0 | 674.01 | 0.00 | |||||
| -Profit /Loss on sale of Assets | 17.41 | 0 | (8.51) | 0.00 | |||||
| Provision for Leave Encashment & Salary Arrears | ( 1 711.16) | ( 2) | (5,981.07) | 0.00 | |||||
| Sundry Balances Written off/ -back | 0.57 | 2 645.37 | 0 | 1 | - | 44,881.36 | |||
| Operating Profit before working capital changes | 7 348.44 | 6 | - | 4,987.14 | |||||
| Changes in Unexpired Risk Reserves | ( 1 37 847.75) | - 138 | 31,816.67 | 0.00 | |||||
| Changes in Premium Deficiency Reserve | 205.09 | 0 | 1,036.86 | 0.00 | |||||
| Changes in Provisions for Outstanding Claims | 7 01 740.71 | 702 | 485,677.03 | 0.00 | |||||
| Changes in Income accrued on Investments | ( 2 405.07) | ( 2) | 452.54 | 0.00 | |||||
| Changes in Balances with Insurance Companies | ( 85 238.06) | - 85 | (68,822.41) | 0.00 | |||||
| Changes in Advance and Deposits | ( 11 182.47) | - 11 | 14,766.90 | 0.00 | |||||
| Changes in other Current Liabilities | 12 307.61 | 477 580.04 | 12 | 478 | 39,143.37 | 504,070.96 | |||
| Cash generated from operations | 4 84 928.48 | 484 | 509,058.10 | ||||||
| Income Tax Paid (Net) | ( 43 724.72) | ( 44) | (9,244.27) | ||||||
| Net Cash from Operating Activities | 4 41 203.76 | 440 | 499,813.83 | ||||||
| B ) | CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
| Purchase of Fixed Assets | ( 160.23) | 0 | (159.16) | ||||||
| Proceeds from sale of Fixed Assets | 41.45 | 0 | 23.22 | ||||||
| Foreign Currency Translation Reserve | 747.90 | 1 | 4,538.09 | ||||||
| Changes in net Investments | ( 3 96 807.06) | ( 397) | (381,695.81) | ||||||
| Net Cash used in Investing Activities | ( 3 96 177.94) | ( 396) | (377,293.67) | ||||||
| C ) | CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
| Dividend Paid | 0.00 | 0 | 0.00 | ||||||
| Dividend Tax Paid | 0.00 | 0 | 0.00 | ||||||
| Net Cash from Financing Activities | 0.00 | 0 | 0.00 | ||||||
| D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | 21 568.16 | 22 | (15,525.62) | |||||
| Net increase in Cash and Cash equivalents (A+B+C+D) | 66 593.98 | 65 | 106,994.55 | ||||||
| Cash and Cash equivalents at beginning of period | 18 29 409.27 | 1 829 | 1,585,378.41 | ||||||
| Cash and Cash equivalents at the end of period | 18 96 000.03 | 1 894 | 1,692,372.96 | ||||||