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-18 30-Jun-17
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   10297 445   3913 703
  Adjustments for:        
  Exchange -Loss/Gain charged -2813 112   318 446  
  Provision for diminution in value of investment  0    0  
  Provision for doubtful loans, investments & Debts 481 817   968 764  
  Amortisation of Premium on Investment 79 447   51 748  
  Depreciation 18 853   18 259  
  -Profit /Loss on sale of Assets - 7   - 2  
  Provision for Leave Encashment & Salary Arrears -14 021   -49 117  
  Sundry Balances Written off/ -back  0 -2247 023  0 1308 098
  Operating Profit before working capital changes   8050 422   5221 801
  Changes in Unexpired Risk Reserves 27373 881   42337 697  
  Changes in Premium Deficiency Reserve 90 385    0  
  Changes in Provisions for Outstanding Claims 72539 198   44065 908  
  Changes in Income accrued on Investments  -668 078   -129 777  
  Changes in Balances with Insurance Companies -91866 609   -59668 602  
  Changes in Advance and Deposits -535 003   423 902  
  Changes in other Current Liabilities -574 229 6359 544 590 415 27619 543
  Cash generated from operations   14409 966   32841 345
  Income Tax Paid (Net)   -1366 862   -1683 835
  Net Cash from Operating Activities   13043 104   31157 510
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -15 700   - 641
  Proceeds from sale of Fixed Assets   - 53   - 135
  Foreign Currency Translation Reserve   913 790   873 639
  Changes in net Investments   -33349 679   -19500 694
  Net Cash used in Investing Activities   -32451 642   -18627 830
       
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)   2813 112   -318 445
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   -16595 425   12211 234
  Cash and Cash equivalents at beginning of period    141716 159   121907 652
  Cash and Cash equivalents at the end of period      125120 734   134118 886