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-Mar-18 31-Mar-17
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   36682 560   36238 557
  Adjustments for:        
  Exchange -Loss/Gain charged 763 575   464 766  
  Provision for diminution in value of investment 203 200   556 439  
  Provision for doubtful loans, investments & Debts 1289 539   2595 645  
  Amortisation of Premium on Investment 260 835   185 152  
  Depreciation 74 035   96 805  
  -Profit /Loss on sale of Assets  27   2 216  
  Provision for Leave Encashment & Salary Arrears 49 161   79 014  
  Sundry Balances Written off/ -back  0 2640 372  0 3980 037
  Operating Profit before working capital changes   39322 932   40218 594
  Changes in Unexpired Risk Reserves -4615 967   34596 585  
  Changes in Premium Deficiency Reserve  0    0  
  Changes in Provisions for Outstanding Claims 116015 890   86663 173  
  Changes in Income accrued on Investments  -1034 517   -122 115  
  Changes in Balances with Insurance Companies -50141 789   -81342 470  
  Changes in Advance and Deposits -11313 021   56069 390  
  Changes in other Current Liabilities 2394 271 51304 867 -55114 175 40750 388
  Cash generated from operations   90627 799   80968 982
  Income Tax Paid (Net)   -4007 266   -3151 207
  Net Cash from Operating Activities   86620 533   77817 775
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -151 543   -33 859
  Proceeds from sale of Fixed Assets   1 818   1 342
  Foreign Currency Translation Reserve   4485 053   -5137 193
  Changes in net Investments   -58323 907   -37538 864
  Net Cash used in Investing Activities   -53988 579   -42708 574
       
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)   -763 575   -464 766
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   19808 507   24293 647
  Cash and Cash equivalents at beginning of period    121907 652   97614 005
  Cash and Cash equivalents at the end of period      141716 159   121907 652