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