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-19 31-Mar-18
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   34338 236   36682 560
  Adjustments for:        
  Exchange -Loss/Gain charged -3007 466   763 575  
  Provision for diminution in value of investment 1618 482   203 200  
  Provision for doubtful loans, investments & Debts 5814 939   1289 539  
  Amortisation of Premium on Investment 304 671   260 835  
  Depreciation 139 898   74 035  
  -Profit /Loss on sale of Assets  199    27  
  Provision for Leave Encashment & Salary Arrears -51 582   49 161  
  Sundry Balances Written off/ -back  0 4819 141  0 2640 372
  Operating Profit before working capital changes   39157 377   39322 932
  Changes in Unexpired Risk Reserves 13168 870   -4615 967  
  Changes in Premium Deficiency Reserve 52 944    0  
  Changes in Provisions for Outstanding Claims 43562 620   116015 890  
  Changes in Income accrued on Investments  -1001 372   -1034 517  
  Changes in Balances with Insurance Companies -14794 975   -50141 789  
  Changes in Advance and Deposits 612 659   -11313 021  
  Changes in other Current Liabilities 2743 363 44344 109 2394 271 51304 867
  Cash generated from operations   83501 486   90627 799
  Income Tax Paid (Net)   -13341 384   -4007 266
  Net Cash from Operating Activities   70160 102   86620 533
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -398 302   -151 543
  Proceeds from sale of Fixed Assets   3 124   1 818
  Foreign Currency Translation Reserve   898 590   4485 053
  Changes in net Investments   -72631 571   -58323 907
  Net Cash used in Investing Activities   -72128 159   -53988 579
       
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)   3007 466   -763 575
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   -13237 074   19808 507
  Cash and Cash equivalents at beginning of period    141716 159   121907 652
  Cash and Cash equivalents at the end of period      128479 085   141716 159