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-Sep-18 30-Sep-17
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   11996 353   23090 680
  Adjustments for:        
  Exchange -Loss/Gain charged -6356 670   -321 854  
  Provision for diminution in value of investment  0    0  
  Provision for doubtful loans, investments & Debts 1387 836   1907 000  
  Amortisation of Premium on Investment 155 979   111 554  
  Depreciation 56 637   36 220  
  -Profit /Loss on sale of Assets  230    21  
  Provision for Leave Encashment & Salary Arrears 19 204   -6 866  
  Sundry Balances Written off/ -back  0 -4736 784  0 1726 075
  Operating Profit before working capital changes   7259 569   24816 755
  Changes in Unexpired Risk Reserves -4800 527   3922 739  
  Changes in Premium Deficiency Reserve 74 510    0  
  Changes in Provisions for Outstanding Claims 81760 011   90956 312  
  Changes in Income accrued on Investments  -1184 251   -518 479  
  Changes in Balances with Insurance Companies -53120 141   -72029 134  
  Changes in Advance and Deposits -3261 616   1630 262  
  Changes in other Current Liabilities 907 600 20375 586 767 721 24729 421
  Cash generated from operations   27635 155   49546 176
  Income Tax Paid (Net)   -1400 270   -4244 093
  Net Cash from Operating Activities   26234 885   45302 083
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -237 981   -3 370
  Proceeds from sale of Fixed Assets    993   - 201
  Foreign Currency Translation Reserve   3656 360   2250 887
  Changes in net Investments   -42323 990   -25092 985
  Net Cash used in Investing Activities   -38904 618   -22845 669
       
C ) CASH FLOWS FROM FINANCING ACTIVITIES      
  Dividend Paid   -11842 200   -10020 000
  Dividend Tax Paid   -2434 283   -2039 872
  Net Cash from Financing Activities   -14276 483   -12059 872
       
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)   6356 670   321 854
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   -20589 546   10718 397
  Cash and Cash equivalents at beginning of period    141716 159   121907 652
  Cash and Cash equivalents at the end of period      121126 613   132626 050