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 2016 31st March 2015
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   29565 068   28272 347
  Adjustments for:        
  Exchange -Loss/Gain charged -2320 685   859 451  
  Provision for diminution in value of investment 1359 916   588 077  
  Provision for doubtful loans, investments & Debts -1158 436   1107 131  
  Amortisation of Premium on Investment 185 605   181 025  
  Depreciation 95 789   92 462  
  -Profit /Loss on sale of Assets  223   - 167  
  Provision for Leave Encashment & Salary Arrears -106 467   -56 489  
  Sundry Balances Written off/ -back  0 -1944 055  0 2771 490
  Operating Profit before working capital changes   27621 013   31043 837
  Changes in Unexpired Risk Reserves 12019 459   2987 612  
  Changes in Premium Deficiency Reserve -584 596   584 596  
  Changes in Provisions for Outstanding Claims 13940 843   -3634 095  
  Changes in Income accrued on Investments  -717 106   -857 789  
  Changes in Balances with Insurance Companies 2993 839   165 893  
  Changes in Advance and Deposits -8971 612   -14031 392  
  Changes in other Current Liabilities 7674 907 26355 734 7230 054 -7555 121
  Cash generated from operations   53976 747   23488 716
  Income Tax Paid (Net)   4043 785   2224 903
  Net Cash from Operating Activities   58020 532   25713 619
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -424 024   -327 078
  Proceeds from sale of Fixed Assets   1 617   1 617
  Foreign Currency Translation Reserve   2248 603   -1322 146
  Changes in net Investments   -35334 950   -24691 185
  Net Cash used in Investing Activities   -33508 754   -26338 792
C ) CASH FLOWS FROM FINANCING ACTIVITIES      
  Dividend Paid   -5400 000   -3311 000
  Dividend Tax Paid   -1099 332   -562 705
  Net Cash from Financing Activities   -6499 332   -3873 705
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)   2320 685   -859 451
  Net increase in Cash and Cash equivalents (A+B+C+D)   20333 131   -5358 329
  Cash and Cash equivalents at beginning of period    77280 874   82639 203
  Cash and Cash equivalents at the end of period      97614 005   77280 874