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 | ||