FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE |
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis |
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(` in '000) |
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(` '000) |
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30-Jun-17 |
30-Jun-16 |
A ) |
CASH FLOW FROM OPERATING ACTIVITIES |
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Net Profit before taxation as per Profit & Loss A/c |
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3913 703 |
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9788 766 |
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Adjustments for: |
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Exchange -Loss/Gain charged |
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318 445 |
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-929 333 |
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Provision for diminution in value of investment |
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0 |
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0 |
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Provision for doubtful loans, investments & Debts |
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968 764 |
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90 596 |
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Amortisation of Premium on Investment |
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51 748 |
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46 033 |
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Depreciation |
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18 259 |
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24 720 |
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-Profit /Loss on sale of Assets |
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- 2 |
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0 |
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Provision for Leave Encashment & Salary Arrears |
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-49 117 |
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-74 075 |
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Sundry Balances Written off/ -back |
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0 |
1308 097 |
0 |
-842 059 |
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Operating Profit before working capital changes |
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5221 800 |
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8946 707 |
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Changes in Unexpired Risk Reserves |
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42337 697 |
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6067 105 |
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Changes in Premium Deficiency Reserve |
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0 |
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0 |
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Changes in Provisions for Outstanding Claims |
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44065 907 |
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9311 769 |
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Changes in Income accrued on Investments |
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-129 776 |
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199 733 |
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Changes in Balances with Insurance Companies |
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-59668 602 |
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-14715 674 |
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Changes in Advance and Deposits |
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423 902 |
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2560 070 |
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Changes in other Current Liabilities |
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590 416 |
27619 544 |
-342 459 |
3080 544 |
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Cash generated from operations |
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32841 344 |
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12027 251 |
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Income Tax Paid (Net) |
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-1683 835 |
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-786 503 |
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Net Cash from Operating Activities |
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31157 509 |
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11240 748 |
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B ) |
CASH FLOWS FROM INVESTING ACTIVITIES |
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Purchase of Fixed Assets |
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- 641 |
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-3 878 |
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Proceeds from sale of Fixed Assets |
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- 134 |
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233 |
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Foreign Currency Translation Reserve |
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873 639 |
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-544 458 |
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Changes in net Investments |
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-19500 694 |
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-15869 078 |
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Net Cash used in Investing Activities |
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-18627 830 |
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-16417 181 |
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C ) |
CASH FLOWS FROM FINANCING ACTIVITIES |
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Dividend Paid |
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0 |
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0 |
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Dividend Tax Paid |
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0 |
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0 |
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Net Cash from Financing Activities |
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0 |
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0 |
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D) |
Effect of Foreign Exchange on Cash & Cash equivalents(Net) |
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-318 445 |
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929 333 |
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Net increase in Cash and Cash equivalents (A+B+C+D) |
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12211 234 |
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-4247 100 |
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Cash and Cash equivalents at beginning of period |
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121907 652 |
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97614 005 |
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Cash and Cash equivalents at the end of period |
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134118 886 |
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93366 905 |