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 2014 31st March 2013
A ) CASH FLOW FROM OPERATING ACTIVITIES





Net Profit before taxation as per Profit & Loss A/c

23034 364
23821 718

Adjustments for:





Exchange -Loss/Gain charged
-3321 141
-1538 025

Provision for diminution in value of investment
1111 486
32 281

Provision for doubtful loans, investments & Debts
1248 847
95 680

Amortisation of Premium on Investment
200 694
188 507

Depreciation
71 577
56 424

-Profit /Loss on sale of Assets
232
85

Provision for Leave Encashment & Salary Arrears
270 101
-19 454

Sundry Balances Written off/ -back
0 -418 204 0 -1184 502

Operating Profit before working capital changes

22616 160
22637 216

Changes in Unexpired Risk Reserves
-3513 477
4494 463

Changes in Premium Deficiency Reserve
0
-1414 674

Changes in Provisions for Outstanding Claims
13538 262
18560 585

Changes in Income accrued on Investments
-649 234
-785 766

Changes in Balances with Insurance Companies
1610 724
-3767 103

Changes in Advance and Deposits
-13505 234
-10115 850

Changes in other Current Liabilities
7405 899 4886 940 6167 806 13139 461

Cash generated from operations

27503 100
35776 677

Income Tax Paid (Net)

557 267
-628 195

Net Cash from Operating Activities

28060 367
35148 482







B ) CASH FLOWS FROM INVESTING ACTIVITIES




Purchase of Fixed Assets

-667 798
-110 186

Proceeds from sale of Fixed Assets

541
40

Foreign Currency Translation Reserve

4930 205
1748 255

Changes in net Investments

-28481 020
-25125 570

Net Cash used in Investing Activities

-24218 072
-23487 461







C ) CASH FLOWS FROM FINANCING ACTIVITIES





Dividend Paid

-5869 500
0

Dividend Tax Paid

-997 521
0

Net Cash from Financing Activities

-6867 021
0







D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)

3321 141
1538 025








Net increase in Cash and Cash equivalents (A+B+C+D)

296 415
13199 046

Cash and Cash equivalents at beginning of period

82342 788
69143 742

Cash and Cash equivalents at the end of period

82639 203
82342 788