FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE

 
 

Format of Receipts and Payments A/c to be furnished by the insurers on direct basis

 
    

(Rs. in '000)

 

(Rs. in '000)

 
   

31-Mar-20

31-Mar-19

 

A )  

 CASH FLOW FROM OPERATING ACTIVITIES

      
 

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

  

-4459 708

 

34338 236

 
 

Adjustments for:

      
 

Exchange -Loss/Gain charged

 

-5436 137

 

-3007 466

  
 

Provision for diminution in value of investment

 

2256 234

 

1618 482

  
 

Provision for doubtful loans, investments & Debts

 

9848 426

 

5814 939

  
 

Amortisation of Premium on Investment

 

315 009

 

304 671

  
 

Depreciation

 

178 125

 

139 898

  
 

-Profit /Loss on sale of Assets

 

3 547

 

 199

  
 

Provision for Leave Encashment & Salary Arrears

 

596 474

 

-51 582

  
 

Sundry Balances Written off/ -back

 

 0

7761 678

 0

4819 141

 
 

Operating Profit before working capital changes

  

3301 970

 

39157 377

 
 

Changes in Unexpired Risk Reserves

 

25099 837

 

13168 870

  
 

Changes in Premium Deficiency Reserve

 

194 154

 

52 944

  
 

Changes in Provisions for Outstanding Claims

 

117999 770

 

43562 620

  
 

Changes in Income accrued on Investments

 

-157 359

 

-1001 372

  
 

Changes in Balances with Insurance Companies

 

-52609 498

 

-14794 975

  
 

Changes in Advance and Deposits

 

-136 314

 

612 659

  
 

Changes in other Current Liabilities

 

-5110 133

85280 457

2743 363

44344 109

 
 

Cash generated from operations

  

88582 427

 

83501 486

 
 

Income Tax Paid (Net)

  

-6336 525

 

-13341 384

 
 

Net Cash from Operating Activities

  

82245 902

 

70160 102

 
        

B )

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

    
 

Purchase of Fixed Assets

  

-24 759

 

-398 302

 
 

Proceeds from sale of Fixed Assets

  

1 930

 

3 124

 
 

Foreign Currency Translation Reserve

  

3486 464

 

898 590

 
 

Changes in net Investments

  

-46810 436

 

-72631 571

 
 

Net Cash used in Investing Activities

  

-43346 801

 

-72128 159

 
        

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)

  

5436 137

 

3007 466

 
        
 

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

  

30058 755

 

-13237 074

 
 

Cash and Cash equivalents at beginning of period

  

128479 085

 

141716 159

 
 

Cash and Cash equivalents at the end of period

  

158537 841

 

128479 085