FORM NL-20-RECEIPT AND PAYMENTS SCHEDULE

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

31-Dec-20

31-Dec-19

A)

CASH FLOW FROM OPERATING ACTIVITIES

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

11179 012

(15,470,600)

Adjustments for:

Exchange -Loss/Gain charged

1414 771

(2,158,405)

Provision for diminution in value of investment

0

Provision for doubtful loans, investments & Debts

4066 248

8564 273

Amortisation of Premium on Investment

250 950

234 844

Depreciation

101 273

140 351

-Profit /Loss on sale of Assets

(627.00)

2 450

Provision for Leave Encashment & Salary Arrears

(424,861)

707 465

Sundry Balances Written off/ -back

0

5407 754

0

7490 978

Operating Profit before working capital changes

16586 766

(7,979,622)

Changes in Unexpired Risk Reserves

16643 306

17388 601

Changes in Premium Deficiency Reserve

(16,440)

324 220

Changes in Provisions for Outstanding Claims

52010 693

128870 613

Changes in Income accrued on Investments

(1,566,118)

(442,503)

Changes in Balances with Insurance Companies

6089 481

(81,897,468)

Changes in Advance and Deposits

(2,453,593)

(3,303,071)

Changes in other Current Liabilities

3582 867

74290 196

(519,232)

60421 160

Cash generated from operations

90876 962

52441 538

Income Tax Paid (Net)

(4,127,509)

(5,963,039)

Net Cash from Operating Activities

86749 453

46478 499

B)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of Fixed Assets

(19,480)

(18,423)

Proceeds from sale of Fixed Assets

2 467

1 275

Foreign Currency Translation Reserve

2315 039

2114 099

Changes in net Investments

(70,351,954)

(21,237,151)

Net Cash used in Investing Activities

(68,053,928)

(19,140,200)

C)

CASH FLOWS FROM FINANCING ACTIVITIES

Dividend Paid

0

(11,842,200)

Dividend Tax Paid

0

(2,434,283)

Net Cash from Financing Activities

0

(14,276,483)

D)

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

(1,414,771)

2158 405

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

17280 754

15220 221

Cash and Cash equivalents at beginning of period

158537 841

128479 085

Cash and Cash equivalents at the end of period

175818 595

143699 306


	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)		( ₹ in 000)
		31-Dec-20		31-Dec-19
A)	CASH FLOW FROM OPERATING ACTIVITIES
	Net Profit before taxation as per Profit & Loss A/c		11179 012		(15,470,600)
	Adjustments for:
	Exchange -Loss/Gain charged	1414 771		(2,158,405)
	Provision for diminution in value of investment	0		0
	Provision for doubtful loans, investments & Debts	4066 248		8564 273
	Amortisation of Premium on Investment	250 950		234 844
	Depreciation	101 273		140 351
	-Profit /Loss on sale of Assets	(627.00)		2 450
	Provision for Leave Encashment & Salary Arrears	(424,861)		707 465
	Sundry Balances Written off/ -back	0	5407 754	0	7490 978
	Operating Profit before working capital changes		16586 766		(7,979,622)
	Changes in Unexpired Risk Reserves	16643 306		17388 601
	Changes in Premium Deficiency Reserve	(16,440)		324 220
	Changes in Provisions for Outstanding Claims	52010 693		128870 613
	Changes in Income accrued on Investments	(1,566,118)		(442,503)
	Changes in Balances with Insurance Companies	6089 481		(81,897,468)
	Changes in Advance and Deposits	(2,453,593)		(3,303,071)
	Changes in other Current Liabilities	3582 867	74290 196	(519,232)	60421 160
	Cash generated from operations		90876 962		52441 538
	Income Tax Paid (Net)		(4,127,509)		(5,963,039)
	Net Cash from Operating Activities		86749 453		46478 499

B)	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets		(19,480)		(18,423)
	Proceeds from sale of Fixed Assets		2 467		1 275
	Foreign Currency Translation Reserve		2315 039		2114 099
	Changes in net Investments		(70,351,954)		(21,237,151)
	Net Cash used in Investing Activities		(68,053,928)		(19,140,200)

C)	CASH FLOWS FROM FINANCING ACTIVITIES
	Dividend Paid		0		(11,842,200)
	Dividend Tax Paid		0		(2,434,283)
	Net Cash from Financing Activities		0		(14,276,483)

D)	Effect of Foreign Exchange on Cash & Cash equivalents(Net)		(1,414,771)		2158 405

	Net increase in Cash and Cash equivalents (A+B+C+D)		17280 754		15220 221
	Cash and Cash equivalents at beginning of period		158537 841		128479 085
	Cash and Cash equivalents at the end of period		175818 595		143699 306