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-19

31-Dec-18

A )  

 CASH FLOW FROM OPERATING ACTIVITIES

         
 

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

   

-15470 597

 

22397 397

 

Adjustments for:

         
 

Exchange -Loss/Gain charged

 

-2158 405

 

-3706 415

 
 

Provision for diminution in value of investment

 

 0

 

4 500

 
 

Provision for doubtful loans, investments & Debts

 

8564 273

 

3154 642

 
 

Amortisation of Premium on Investment

 

234 844

 

231 621

 
 

Depreciation

 

140 351

 

93 607

 
 

-Profit /Loss on sale of Assets

 

2 450

 

 157

 
 

Provision for Leave Encashment & Salary Arrears

 

707 465

 

-65 659

 
 

Sundry Balances Written off/ -back

 

 0

7490 978

 0

-287 547

 

Operating Profit before working capital changes

   

-7979 619

 

22109 850

 

Changes in Unexpired Risk Reserves

 

17388 601

 

5983 912

 
 

Changes in Premium Deficiency Reserve

 

324 220

 

48 583

 
 

Changes in Provisions for Outstanding Claims

 

128870 613

 

75030 266

 
 

Changes in Income accrued on Investments

 

-442 503

 

-1019 031

 
 

Changes in Balances with Insurance Companies

 

-81897 468

 

-49553 602

 
 

Changes in Advance and Deposits

 

-3303 071

 

-1532 823

 
 

Changes in other Current Liabilities

 

-519 232

60421 160

2025 129

30982 434

 

Cash generated from operations

   

52441 541

 

53092 284

 

Income Tax Paid (Net)

   

-5963 039

 

-4300 367

 

Net Cash from Operating Activities

   

46478 502

 

48791 917

             

B )

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

     
 

Purchase of Fixed Assets

   

-18 423

 

-245 520

 

Proceeds from sale of Fixed Assets

   

1 275

 

2 661

 

Foreign Currency Translation Reserve

   

2114 096

 

542 047

 

Changes in net Investments

   

-21237 151

 

-59380 791

 

Net Cash used in Investing Activities

   

-19140 203

 

-59081 603

             

C )

CASH FLOWS FROM FINANCING ACTIVITIES

         
 

Dividend Paid

   

-11842 200

 

-11842 200

 

Dividend Tax Paid

   

-2434 283

 

-2434 283

 

Net Cash from Financing Activities

   

-14276 483

 

-14276 483

             

D)

Effect of Foreign Exchange on Cash & Cash equivalents(Net)

   

2158 405

 

3706 415

             
 

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

   

15220 221

 

-20859 754

 

Cash and Cash equivalents at beginning of period

   

128479 085

 

141716 159

 

Cash and Cash equivalents at the end of period

   

143699 306

 

120856 405