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 2015   31st March 2014  
A ) CASH FLOW FROM OPERATING ACTIVITIES





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

28272347
23034364

Adjustments for:





Exchange -Loss/Gain charged
859451
-3321141

Provision for diminution in value of investment
588077
1111486

Provision for doubtful loans, investments & Debts
1107131
1248847

Amortisation of Premium on Investment
181025
200694

Depreciation
92462
71577

-Profit /Loss on sale of Assets
-167
232

Provision for Leave Encashment & Salary Arrears
-56489
270101

Sundry Balances Written off/ -back
0 2771490 0 -418204

Operating Profit before working capital changes

31043837
22616160

Changes in Unexpired Risk Reserves
2987612
-3513478

Changes in Premium Deficiency Reserve
584596
0

Changes in Provisions for Outstanding Claims
-3634095
13538262

Changes in Income accrued on Investments
-857789
-649234

Changes in Balances with Insurance Companies
165893
1610724

Changes in Advance and Deposits
-14031392
-13505234

Changes in other Current Liabilities
7230054 -7555121 7405899 4886939

Cash generated from operations

23488716
27503099

Income Tax Paid (Net)

2224903
557267

Net Cash from Operating Activities

25713619
28060366







B ) CASH FLOWS FROM INVESTING ACTIVITIES




Purchase of Fixed Assets

-327078
-667798

Proceeds from sale of Fixed Assets

1617
541

Foreign Currency Translation Reserve

-1322146
4930206

Changes in net Investments

-24691185
-28481020

Net Cash used in Investing Activities

-26338792
-24218071







C ) CASH FLOWS FROM FINANCING ACTIVITIES





Dividend Paid

-3311000
-5869500

Dividend Tax Paid

-562705
-997522

Net Cash from Financing Activities

-3873705
-6867022







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

-859451
3321141








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

-5358329
296414

Cash and Cash equivalents at beginning of period

82639203
82342788

Cash and Cash equivalents at the end of period

77280874
82639202