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