FORM NL-22-RECEIPT AND PAYMENTS SCHEDULE

GENERAL INSURANCE CORPORATION OF INDIA

AUDITED STANDALONE  CASH FLOW STATEMENT FOR THE  YEAR  ENDED 31 MARCH  2022

As per Indirect Method

    

(Amount in ₹  lakhs )

 

Particulars

31 March 2022

31 March  2021

A )  

 CASH FLOW FROM OPERATING ACTIVITIES

    
 

Net Profit before taxation as per Profit & Loss A/c

 

   356 014.18

 -  

 316,338.22

 

Adjustments for:

  

 -  

0.00

 

Exchange -Loss/Gain charged

(   52 195.56)

 

 264,480.00

0.00

 

Provision for diminution in value of investment

  13 347.48

 

 34,025.10

0.00

 

Provision for doubtful loans, investments & Debts

  12 621.89

 

 117,547.00

0.00

 

Amortisation of Premium on Investment

  4 652.17

 

 34,948.40

0.00

 

Depreciation

  1 183.89

 

 13,676.70

0.00

 

-Profit /Loss on sale of Assets

   20.69

 

 -26.20

0.00

 

Provision for Leave Encashment & Salary Arrears

   7 215.38

 

 -44,455.60

0.00

 

Sundry Balances Written off/ -back

    0.60

(   13 153.46)

 0.40

 42,019.58

 

Operating Profit before working capital changes

 

   342 860.72

 -  

 358,357.80

 

Changes in Unexpired Risk Reserves

(   49 437.42)

 

 2,331,605.80

0.00

 

Changes in Premium Deficiency Reserve

   1 298.00

 

 35,296.20

0.00

 

Changes in Provisions for Outstanding Claims

 5 55 351.18

 

 1,541,293.50

0.00

 

Changes in Income accrued on Investments

(   12 009.66)

 

 -103,643.90

0.00

 

Changes in Balances with Insurance Companies

   115 850.26

 

 6,005,053.60

0.00

 

Changes in Advance and Deposits

   29 948.12

 

 265,439.70

0.00

 

Changes in other Current Liabilities

(   3 528.15)

   637 472.34

 224,477.90

 1,029,952.28

 

Cash generated from operations

 

 9 80 333.06

 -  

 1,388,310.08

 

Income Tax Paid (Net)

 

(  1 46 148.30)

 -  

 -105,943.67

 

Net Cash from Operating Activities

 

 8 34 184.76

 -  

 1,282,366.41

B )

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 -  

 -  

 

Purchase of Fixed Assets

 

(   1 351.68)

 -  

 -252.73

 

Proceeds from sale of Fixed Assets

 

   37.84

 -  

 40.40

 

Foreign Currency Translation Reserve

 

  7 804.15

 -  

 20,527.50

 

Changes in net Investments

 

(  6 13 967.63)

 -  

 -1,032,202.71

 

Net Cash used in Investing Activities

 

(  6 07 477.32)

 -  

 -1,011,887.54

C )

CASH FLOWS FROM FINANCING ACTIVITIES

  

 -  

 -  

 

Dividend Paid

 

    0.00

 -  

0.00

 

Dividend Tax Paid

 

    0.00

 -  

0.00

 

Net Cash from Financing Activities

 

    0.00

 -  

0.00

D)

Effect of Foreign Exchange on Cash & Cash equivalents(Net)

 

   52 195.56

 -  

 -26,448.00

 

Net increase in Cash and Cash equivalents (A+B+C+D)

 

   278 903.00

 -  

 244,030.86

 

Cash and Cash equivalents at beginning of period

 

 18 29 409.27

 -  

 1,585,378.41

 

Cash and Cash equivalents at the end of period

 

 21 08 312.27

 -  

 1,829,409.27