FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE | ||||||
Format of Receipts and Payments A/c to be furnished by the insurers on direct basis | ||||||
(` '000) | (` '000) | |||||
30-Sep-20 | 30-Sep-19 | |||||
A ) | CASH FLOW FROM OPERATING ACTIVITIES | |||||
Net Profit before taxation as per Profit & Loss A/c | -3989 419 | -4811 291 | ||||
Adjustments for: | ||||||
Exchange -Loss/Gain charged | 1552 562 | -1346 287 | ||||
Provision for diminution in value of investment | 0 | 0 | ||||
Provision for doubtful loans, investments & Debts | 3306 925 | 5277 156 | ||||
Amortisation of Premium on Investment | 160 206 | 153 177 | ||||
Depreciation | 67 401 | 106 185 | ||||
-Profit /Loss on sale of Assets | - 851 | 27 | ||||
Provision for Leave Encashment & Salary Arrears | -598 107 | 992 148 | ||||
Sundry Balances Written off/ -back | 0 | 4488 136 | 0 | 5182 406 | ||
Operating Profit before working capital changes | 498 717 | 371 115 | ||||
Changes in Unexpired Risk Reserves | 3181 667 | -2054 293 | ||||
Changes in Premium Deficiency Reserve | 103 686 | 487 869 | ||||
Changes in Provisions for Outstanding Claims | 48567 703 | 131324 667 | ||||
Changes in Income accrued on Investments | 45 254 | -760 811 | ||||
Changes in Balances with Insurance Companies | -6882 241 | -91957 382 | ||||
Changes in Advance and Deposits | 1476 690 | 240 158 | ||||
Changes in other Current Liabilities | 3914 337 | 50407 096 | -2476 786 | 34803 422 | ||
Cash generated from operations | 50905 813 | 35174 537 | ||||
Income Tax Paid (Net) | -924 427 | -4661 886 | ||||
Net Cash from Operating Activities | 49981 386 | 30512 651 | ||||
B ) | CASH FLOWS FROM INVESTING ACTIVITIES |
| ||||
Purchase of Fixed Assets | -15 916 | -9 700 | ||||
Proceeds from sale of Fixed Assets | 2 322 | 963 | ||||
Foreign Currency Translation Reserve | 453 806 | -742 897 | ||||
Changes in net Investments | -38169 581 | -11307 841 | ||||
Net Cash used in Investing Activities | -37729 369 | -12059 475 | ||||
C ) | CASH FLOWS FROM FINANCING ACTIVITIES | |||||
Dividend Paid | 0 | -11842 200 | ||||
Dividend Tax Paid | 0 | -2434 283 | ||||
Net Cash from Financing Activities | 0 | -14276 483 | ||||
D) | Effect of Foreign Exchange on Cash & Cash equivalents(Net) | -1552 562 | 1346 287 | |||
Net increase in Cash and Cash equivalents (A+B+C+D) | 10699 455 | 5522 980 | ||||
Cash and Cash equivalents at beginning of period | 158537 841 | 128479 084 | ||||
Cash and Cash equivalents at the end of period | 169237 296 | 134002 064 | ||||