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-18 31-Dec-17
A ) CASH FLOW FROM OPERATING ACTIVITIES





Net Profit before taxation as per Profit & Loss A/c

22397 397
30970 486

Adjustments for:





Exchange -Loss/Gain charged
-3706 415
1435 740

Provision for diminution in value of investment
4 500
0

Provision for doubtful loans, investments & Debts
3154 642
1102 787

Amortisation of Premium on Investment
231 621
182 201

Depreciation
93 607
55 410

-Profit /Loss on sale of Assets
157
- 19

Provision for Leave Encashment & Salary Arrears
-65 659
-61 009

Sundry Balances Written off/ -back
0 -287 547 0 2715 110

Operating Profit before working capital changes

22109 850
33685 596

Changes in Unexpired Risk Reserves
5983 912
-6882 733

Changes in Premium Deficiency Reserve
48 583
0

Changes in Provisions for Outstanding Claims
75030 266
107949 168

Changes in Income accrued on Investments
-1019 031
-579 885

Changes in Balances with Insurance Companies
-49553 602
-74317 701

Changes in Advance and Deposits
-1532 823
659 120

Changes in other Current Liabilities
2025 129 30982 434 1036 288 27864 257

Cash generated from operations

53092 284
61549 853

Income Tax Paid (Net)

-4300 367
-7245 406

Net Cash from Operating Activities

48791 917
54304 447







B ) CASH FLOWS FROM INVESTING ACTIVITIES



Purchase of Fixed Assets

-245 520
-145 487

Proceeds from sale of Fixed Assets

2 661
2 099

Foreign Currency Translation Reserve

542 047
1765 778

Changes in net Investments

-59380 791
-34763 064

Net Cash used in Investing Activities

-59081 603
-33140 674







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)

3706 415
-1435 740








Net increase in Cash and Cash equivalents (A+B+C+D)

-20859 754
7668 162

Cash and Cash equivalents at beginning of period

141716 159
121907 652

Cash and Cash equivalents at the end of period

120856 405
129575 813