| 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 |