FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis
(` in  '000) (` '000)
      31st March 2013 31st March 2012
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   23821 718   -24906 729
  Adjustments for:        
  Exchange -Loss/Gain charged -1538 025   -3487 648  
  Provision for diminution in value of investment 32 281   161 486  
  Provision for doubtful loans, investments & Debts 95 680   1506 990  
  Amortisation of Premium on Investment 188 507   202 050  
  Depreciation 56 424   43 938  
  -Profit /Loss on sale of Assets  85   - 895  
  Provision for Leave Encashment & Salary Arrears -19 454   46 806  
  Sundry Balances Written off/ -back  0 -1184 502  3 -1527 270
  Operating Profit before working capital changes   22637 216   -26433 999
  Changes in Unexpired Risk Reserves 4494 463   12425 134  
  Changes in Premium Deficiency Reserve -1414 674   1414 674  
  Changes in Provisions for Outstanding Claims 18560 585   58370 260  
  Changes in Income accrued on Investments  -785 766   -1350 281  
  Changes in Balances with Insurance Companies -3767 103   -12565 535  
  Changes in Advance and Deposits -10115 850   -4796 548  
  Changes in other Current Liabilities 6167 806 13139 461 4436 467 57934 171
  Cash generated from operations   35776 677   31500 172
  Income Tax Paid (Net)   -628 195   5081 211
  Net Cash from Operating Activities   35148 482   36581 383
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -110 186   -90 317
  Proceeds from sale of Fixed Assets    40   2 201
  Foreign Currency Translation Reserve   1748 255   3382 415
  Changes in net Investments   -25125 570   -18518 246
  Net Cash used in Investing Activities   -23487 461   -15223 947
       
C ) CASH FLOWS FROM FINANCING ACTIVITIES      
  Dividend Paid    0   -2064 000
  Dividend Tax Paid    0   -334 832
  Net Cash from Financing Activities    0   -2398 832
       
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)   1538 025   3487 648
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   13199 046   22446 252
  Cash and Cash equivalents at beginning of period    69143 742   46697 490
  Cash and Cash equivalents at the end of period      82342 788   69143 742