GENERAL INSURANCE CORPORATION OF INDIA
REVIEWED STANDALONE  CASH FLOW STATEMENT FOR THE  HALF YEAR  ENDED 30  SEPTEMBER  2021
As per Indirect Method
(Amount in ₹  lakhs )
  Particulars 30 SEPTEMBER 2021 30 SEPTEMBER 2021 30 SEPTEMBER 2020
A )     CASH FLOW FROM OPERATING ACTIVITIES            
  Net Profit before taxation as per Profit & Loss A/c   4 703.07   5 - (39,894.22)
  Adjustments for:         - 0.00
  Exchange -Loss/Gain charged ( 21 568.16)   ( 22)   15,525.62 0.00
  Provision for diminution in value of investment 1.88   0   - 0.00
  Provision for doubtful loans, investments & Debts 23 222.15   23   33,069.25 0.00
  Amortisation of Premium on Investment 2 197.39   2   1,602.06 0.00
  Depreciation 485.28   0   674.01 0.00
  -Profit /Loss on sale of Assets 17.41   0   (8.51) 0.00
  Provision for Leave Encashment & Salary Arrears ( 1 711.16)   ( 2)   (5,981.07) 0.00
  Sundry Balances Written off/ -back 0.57 2 645.37 0 1 - 44,881.36
  Operating Profit before working capital changes   7 348.44   6 - 4,987.14
  Changes in Unexpired Risk Reserves ( 1 37 847.75)   - 138   31,816.67 0.00
  Changes in Premium Deficiency Reserve 205.09   0   1,036.86 0.00
  Changes in Provisions for Outstanding Claims 7 01 740.71   702   485,677.03 0.00
  Changes in Income accrued on Investments  ( 2 405.07)   ( 2)   452.54 0.00
  Changes in Balances with Insurance Companies ( 85 238.06)   - 85   (68,822.41) 0.00
  Changes in Advance and Deposits ( 11 182.47)   - 11   14,766.90 0.00
  Changes in other Current Liabilities 12 307.61 477 580.04 12 478 39,143.37 504,070.96
  Cash generated from operations   4 84 928.48   484   509,058.10
  Income Tax Paid (Net)   ( 43 724.72)   ( 44)   (9,244.27)
  Net Cash from Operating Activities   4 41 203.76   440   499,813.83
B ) CASH FLOWS FROM INVESTING ACTIVITIES            
  Purchase of Fixed Assets   ( 160.23)   0   (159.16)
  Proceeds from sale of Fixed Assets   41.45   0   23.22
  Foreign Currency Translation Reserve   747.90   1   4,538.09
  Changes in net Investments   ( 3 96 807.06)   ( 397)   (381,695.81)
  Net Cash used in Investing Activities   ( 3 96 177.94)   ( 396)   (377,293.67)
C ) CASH FLOWS FROM FINANCING ACTIVITIES            
  Dividend Paid   0.00   0   0.00
  Dividend Tax Paid   0.00   0   0.00
  Net Cash from Financing Activities   0.00   0   0.00
D) Effect of Foreign Exchange on Cash & Cash equivalents(Net)   21 568.16   22   (15,525.62)
  Net increase in Cash and Cash equivalents (A+B+C+D)   66 593.98   65   106,994.55
  Cash and Cash equivalents at beginning of period    18 29 409.27   1 829   1,585,378.41
  Cash and Cash equivalents at the end of period    18 96 000.03   1 894   1,692,372.96