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-19 30-Jun-18
A )     CASH FLOW FROM OPERATING ACTIVITIES          
  Net Profit before taxation as per Profit & Loss A/c   1389 033   10297 445
  Adjustments for:        
  Exchange -Loss/Gain charged -392 126   -2813 112  
  Provision for diminution in value of investment  0    0  
  Provision for doubtful loans, investments & Debts 4029 589   481 817  
  Amortisation of Premium on Investment 73 986   79 447  
  Depreciation 42 467   18 853  
  -Profit /Loss on sale of Assets - 31   - 7  
  Provision for Leave Encashment & Salary Arrears -43 122   -14 021  
  Sundry Balances Written off/ -back  0 3710 763  0 -2247 023
  Operating Profit before working capital changes   5099 796   8050 422
  Changes in Unexpired Risk Reserves 29069 421   27373 881  
  Changes in Premium Deficiency Reserve 139 820   90 385  
  Changes in Provisions for Outstanding Claims 77989 331   72539 197  
  Changes in Income accrued on Investments  -492 329   -668 078  
  Changes in Balances with Insurance Companies -90862 477   -91866 609  
  Changes in Advance and Deposits 229 180   -535 003  
  Changes in other Current Liabilities -1493 905 14579 041 -574 229 6359 544
  Cash generated from operations   19678 837   14409 966
  Income Tax Paid (Net)   -3011 196   -1366 862
  Net Cash from Operating Activities   16667 641   13043 104
       
B ) CASH FLOWS FROM INVESTING ACTIVITIES      
  Purchase of Fixed Assets   -3 868   -15 700
  Proceeds from sale of Fixed Assets    181   - 53
  Foreign Currency Translation Reserve   -1133 951   913 790
  Changes in net Investments   -7602 390   -33349 679
  Net Cash used in Investing Activities   -8740 028   -32451 642
       
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)   392 126   2813 112
       
  Net increase in Cash and Cash equivalents (A+B+C+D)   8319 739   -16595 425
  Cash and Cash equivalents at beginning of period    128479 085   141716 159
  Cash and Cash equivalents at the end of period      136798 824   125120 734