FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis
(` '000)
      30-Sep-17 30-Sep-16
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   23090 680   11630 627
  Adjustments for:        
  Exchange -Loss/Gain charged -321 854   -711 810  
  Provision for diminution in value of investment  0    0  
  Provision for doubtful loans, investments & Debts 1907 000   2935 528  
  Amortisation of Premium on Investment 111 554   91 222  
  Depreciation 36 220   49 253  
  -Profit /Loss on sale of Assets  21    0  
  Provision for Leave Encashment & Salary Arrears -6 866   -21 289  
  Sundry Balances Written off/ -back  0 1726 075  0 2342 904
  Operating Profit before working capital changes   24816 755   13973 531
  Changes in Unexpired Risk Reserves 3922 739   33843 733  
  Changes in Premium Deficiency Reserve  0    0  
  Changes in Provisions for Outstanding Claims 90956 312   33733 749  
  Changes in Income accrued on Investments  -518 479   152 916  
  Changes in Balances with Insurance Companies -72029 134   -61530 643  
  Changes in Advance and Deposits 1630 262   2490 100  
  Changes in other Current Liabilities 767 721 24729 421 -216 896 8472 959
  Cash generated from operations   49546 176   22446 490
  Income Tax Paid (Net)   -4244 093   -3049 632
  Net Cash from Operating Activities   45302 083   19396 858
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -3 370   -5 727
  Proceeds from sale of Fixed Assets   - 201    474
  Foreign Currency Translation Reserve   2250 887   -2120 987
  Changes in net Investments   -25092 985   -14181 163
  Net Cash used in Investing Activities   -22845 669   -16307 403
       
C ) CASH FLOWS FROM FINANCING ACTIVITIES      
  Dividend Paid   -10020 000   -8600 000
  Dividend Tax Paid   -2039 872    0
  Net Cash from Financing Activities   -12059 872   -8600 000
       
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)   321 854   711 810
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   10718 397   -4798 735
  Cash and Cash equivalents at beginning of period    121907 652   97614 005
  Cash and Cash equivalents at the end of period      132626 050   92815 270