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