FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE

 

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

      

(Rs. '000)

   

30.06.2020

30.06.2019

A )  

 CASH FLOW FROM OPERATING ACTIVITIES

     
 

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

  

-8112 210

 

1389 033

 

Adjustments for:

     
 

Exchange -Loss/Gain charged

 

-854 875

 

-392 126

 
 

Provision for diminution in value of investment

 

 0

 

 0

 
 

Provision for doubtful loans, investments & Debts

 

1900 567

 

4029 588

 
 

Amortisation of Premium on Investment

 

79 211

 

73 986

 
 

Depreciation

 

33 646

 

42 467

 
 

-Profit /Loss on sale of Assets

 

- 439

 

- 31

 
 

Provision for Leave Encashment & Salary Arrears

 

33 005

 

-43 122

 
 

Sundry Balances Written off/ -back

 

 0

1191 115

 0

3710 762

 

Operating Profit before working capital changes

  

-6921 095

 

5099 795

 

Changes in Unexpired Risk Reserves

 

9634 481

 

29069 421

 
 

Changes in Premium Deficiency Reserve

 

75 229

 

139 820

 
 

Changes in Provisions for Outstanding Claims

 

68590 528

 

77989 331

 
 

Changes in Income accrued on Investments

 

61 322

 

-492 329

 
 

Changes in Balances with Insurance Companies

 

-48335 723

 

-90862 477

 
 

Changes in Advance and Deposits

 

-96 430

 

229 180

 
 

Changes in other Current Liabilities

 

4040 509

33969 916

-1493 905

14579 041

 

Cash generated from operations

  

27048 821

 

19678 836

 

Income Tax Paid (Net)

  

-555 798

 

-3011 196

 

Net Cash from Operating Activities

  

26493 023

 

16667 640

       

B )

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

   
 

Purchase of Fixed Assets

  

-1 294

 

-3 868

 

Proceeds from sale of Fixed Assets

  

1 949

 

 181

 

Foreign Currency Translation Reserve

  

57 435

 

-1133 951

 

Changes in net Investments

  

5575 352

 

-7602 390

 

Net Cash used in Investing Activities

  

5633 442

 

-8740 028

       

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)

  

854 875

 

392 126

       
 

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

  

32981 340

 

8319 738

 

Cash and Cash equivalents at beginning of period

  

158537 841

 

128479 085

 

Cash and Cash equivalents at the end of period

  

191519 181

 

136798 823