FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis---
        (Rs. in  '000)
    31st March 2012 31st March 2011
A )     CASH FLOW FROM OPERATING ACTIVITIES - - - -
- Net Profit before taxation as per Profit & Loss A/c - -24906729 - 11893486
- Adjustments for: - - - -
- Exchange -Loss/Gain charged -3487648 - -62241 -
- Provision for diminution in value of investment 161486 - 319238 -
- Provision for doubtful loans, investments & Debts 1506990 - 364256 -
- Amortisation of Premium on Investment 202050 - 227330 -
- Investment Reserve Transferred to Profit & Loss A/c - - - -
- Depreciation 43938 - 31138 -
- -Profit /Loss on sale of Assets -895 - -237 -
- Provision for Leave Encashment & Salary Arrears 46806 - -3243 -
- Sundry Balances Written off/ -back 3 -1527270 0 876241
- Operating Profit before working capital changes - -26433999 - 12769727
- Changes in Unexpired Risk Reserves 12425134 - 9685392 -
- Changes in Premium Deficiency Reserve 1414674 - - -
- Changes in Provisions for Outstanding Claims 58370260 - 19158181 -
- Changes in Income accrued on Investments  -1350281 - -673412 -
- Changes in Balances with Insurance Companies -12565535 - 866469 -
- Changes in Advance and Deposits -4796548 - -5356888 -
- Changes in other Current Liabilities 4436467 57934171 4172464 27852206
- Cash generated from operations - 31500172 - 40621933
- Income Tax Paid (Net) - 5081211 - -3872720
- Net Cash from Operating Activities - 36581383 - 36749213
- - - - - -
B ) CASH FLOWS FROM INVESTING ACTIVITIES - - - -
- Purchase of Fixed Assets - -90317 - -35792
- Proceeds from sale of Fixed Assets - 2201 - 2426
- Foreign Currency Translation Reserve - 3382415 - 9186
- Changes in net Investments - -18518246 - -13433933
- Net Cash used in Investing Activities - -15223947 - -13458113
- - - - -
C ) CASH FLOWS FROM FINANCING ACTIVITIES - - - -
- Dividend Paid - -2064000 - -3526000
- Dividend Tax Paid - -334832 - -585625
- Net Cash from Financing Activities - -2398 832 - -4111 625
- - - - - -
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net) - 3487648 - 62241
- - - - - -
- Net increase in Cash and Cash equivalents (A+B+C+D) - 22446 252 - 19241 716
- - - - - -
- Cash and Cash equivalents at beginning of period  - 46697490 - 27454476.2
- - - - -
- Cash and Cash equivalents at the end of period  - 69143742 - 46697490.2