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)
      31-Dec-17 31-Dec-16
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   30970 486   6631 298
  Adjustments for:        
  Exchange -Loss/Gain charged 1435 740   -1777 255  
  Provision for diminution in value of investment  0    0  
  Provision for doubtful loans, investments & Debts 1102 787   3210 255  
  Amortisation of Premium on Investment 182 201   137 070  
  Depreciation 55 410   73 818  
  -Profit /Loss on sale of Assets - 19    115  
  Provision for Leave Encashment & Salary Arrears -61 009   47 329  
  Sundry Balances Written off/ -back  0 2715 110  0 1691 332
  Operating Profit before working capital changes   33685 596   8322 630
  Changes in Unexpired Risk Reserves -6882 733   53044 147  
  Changes in Premium Deficiency Reserve  0    0  
  Changes in Provisions for Outstanding Claims 107949 168   53734 070  
  Changes in Income accrued on Investments  -579 885   322 414  
  Changes in Balances with Insurance Companies -74317 701   -75942 495  
  Changes in Advance and Deposits 659 120   2826 829  
  Changes in other Current Liabilities 1036 288 27864 257 332 584 34317 549
  Cash generated from operations   61549 853   42640 179
  Income Tax Paid (Net)   -7245 406   -4075 983
  Net Cash from Operating Activities   54304 447   38564 196
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -145 487   -11 007
  Proceeds from sale of Fixed Assets   2 099   1 117
  Foreign Currency Translation Reserve   1765 778   -3130 966
  Changes in net Investments   -34763 064   -25599 411
  Net Cash used in Investing Activities   -33140 674   -28740 267
       
C ) CASH FLOWS FROM FINANCING ACTIVITIES      
  Dividend Paid   -10020 000   -8600 000
  Dividend Tax Paid   -2039 872   -1750 788
  Net Cash from Financing Activities   -12059 872   -10350 788
       
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)   -1435 740   1777 255
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   7668 162   1250 396
  Cash and Cash equivalents at beginning of period    121907 652   97614 005
  Cash and Cash equivalents at the end of period      129575 813   98864 402