GENERAL INSURANCE CORPORATION OF INDIA
REVIEWED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
As per Indirect Method
							(Amount in `₹ lakhs )
	Particulars			31 March 2023		31 March 2022
A )	CASH FLOW FROM OPERATING ACTIVITIES
	Net Profit before taxation as per Profit & Loss A/c				774 943.74		356,014.18
	Adjustments for:
	Exchange -Loss/Gain charged			( 84 133.18)		-52,195.56
	Foreign Currency Translation Reserve			30 586.43		7,804.15
	Catastrophe Reserve			51 254.94		-
	Provision for diminution in value of investment			2 793.91		13,347.48
	Provision for doubtful loans, investments & Debts			1 68 081.66		12,621.89
	Amortisation of Premium on Investment			5 280.87		4,652.17
	Depreciation			774.29		1,183.89
	-Profit /Loss on sale of Assets			- 10.90		20.69
	Sundry Balances Written off/ -back			0.00	174 628.02	0.60	-12,564.70
	Operating Profit before working capital changes				949 571.76	-	343 449.48
	Changes in Unexpired Risk Reserves			( 2 16 358.00)		-49,437.42
	Changes in Premium Deficiency Reserve			( 854.13)		1,298.00
	Changes in Provisions for Outstanding Claims			6 27 299.88		555,351.18
	Changes in Income accrued on Investments			( 28 610.65)		-12,009.66
	Changes in Balances with Insurance Companies			14 341.84		115,850.26
	Changes in Advance and Deposits			( 56 516.84)		29,948.12
	Changes in other Current Liabilities & Provisions			25 734.90	365 037.00	3,687.23	644,687.72
	Cash generated from operations				13 14 608.75		988,137.21
	Income Tax Paid (Net)				( 1 79 696.51)		-146,148.30
	Net Cash from Operating Activities				11 34 912.24		841,988.91
B )	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets				( 13 208.16)		-1,351.68
	Proceeds from sale of Fixed Assets				54.42		37.84
	Changes in net Investments				( 9 46 301.04)		-613,967.63
	Net Cash used in Investing Activities				( 9 59 454.77)		-615,281.47
C )	CASH FLOWS FROM FINANCING ACTIVITIES
	Dividend Paid				( 39 474.00)		-
	Dividend Tax Paid				0.00		-
	Net Cash from Financing Activities				( 39 474.00)		-
D)	Effect of Foreign Exchange on Cash & Cash equivalents(Net)				84 133.18		52,195.56
	Net increase in Cash and Cash equivalents (A+B+C+D)				220 116.64		278,903.00
	Cash and Cash equivalents at beginning of period				21 08 312.27		1,829,409.27
	Cash and Cash equivalents at the end of period				23 28 428.91		2,108,312.27