FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis
    31st March 2012
A ) CASH FLOW FROM OPERATING ACTIVITIES




Net Profit before taxation as per Profit & Loss A/c
11974 156
-24906 729

Adjustments for:




Exchange -Loss/Gain charged -4139 001
-3487 648

Provision for diminution in value of investment 0
161 486

Provision for doubtful loans, investments & Debts 1335 002
1506 990

Amortisation of Premium on Investment 102 220
202 050

Depreciation 33 278
43 938

-Profit /Loss on sale of Assets - 52
- 895

Provision for Leave Encashment & Salary Arrears 69 440
46 806

Sundry Balances Written off/ -back 0 -2599 113 3 -1527 270

Operating Profit before working capital changes
9375 043
-26433 999

Changes in Unexpired Risk Reserves -561 913
12425 134

Changes in Premium Deficiency Reserve 0
1414 674

Changes in Provisions for Outstanding Claims 20266 199
58370 260

Changes in Income accrued on Investments -1768 775
-1350 281

Changes in Balances with Insurance Companies 4558 299
-12565 535

Changes in Advance and Deposits -10644 927
-4796 548

Changes in other Current Liabilities 3884 860 15733 743 4436 467 57934 171

Cash generated from operations
25108 786
31500 172

Income Tax Paid (Net)
947 364
5081 211

Net Cash from Operating Activities
26056 150
36581 383






B ) CASH FLOWS FROM INVESTING ACTIVITIES



Purchase of Fixed Assets
-21 976
-90 317

Proceeds from sale of Fixed Assets
- 410
2 201

Foreign Currency Translation Reserve
6820 385
3382 415

Changes in net Investments
-26740 580
-18518 246

Net Cash used in Investing Activities
-19942 581
-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)
4139 001
3487 648







Net increase in Cash and Cash equivalents (A+B+C+D)
10252 570
22446 252

Cash and Cash equivalents at beginning of period
68889 332
46697 490

Cash and Cash equivalents at the end of period
79141 902
69143 742
*Investments in mutual funds where these are used as parking vehicles pending investment are to be indicated (net).