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NL-22-Receipts and Payments Schedule

The document presents the cash flow statement for United India Insurance Company Limited for the fiscal year 2023-24, highlighting significant cash flows from operating, investing, and financing activities. The insurer reported a net cash flow from operating activities of Rs. (3,84,098) Lakhs, while net cash flow from investing activities was Rs. 5,15,773 Lakhs, resulting in a net increase in cash and cash equivalents of Rs. 1,31,674 Lakhs. Overall, cash and cash equivalents at the end of the year amounted to Rs. 3,51,576 Lakhs.

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13 views1 page

NL-22-Receipts and Payments Schedule

The document presents the cash flow statement for United India Insurance Company Limited for the fiscal year 2023-24, highlighting significant cash flows from operating, investing, and financing activities. The insurer reported a net cash flow from operating activities of Rs. (3,84,098) Lakhs, while net cash flow from investing activities was Rs. 5,15,773 Lakhs, resulting in a net increase in cash and cash equivalents of Rs. 1,31,674 Lakhs. Overall, cash and cash equivalents at the end of the year amounted to Rs. 3,51,576 Lakhs.

Uploaded by

santhapurisharan500
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We take content rights seriously. If you suspect this is your content, claim it here.
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Version:1

13-06-2024

FORM NL-22-RECEIPT AND PAYMENTS SCHEDULE (Annual Submission)


in accordance with Accounting Standard 3 (AS 3)- Cash Flow Statements on direct basis Name of the Insurer:
UNITED INDIA INSURANCE COMPANY LIMITED
Registration No.545 and Date of Registration with the IRDAI 2nd February 2023

(Amount in Rs. Lakhs)


2023-24 2022-23
Cash Flows from the operating activities:
Premium received from policyholders, including advance receipts 20,60,230 17,72,174
Other receipts 2,047 2,076
Payments to the re-insurers, net of commissions and claims (92,445) (96,803)
Payments to co-insurers, net of claims recovery (26,564) 25,211
Payments of claims (16,14,367) (15,15,425)
Payments of commission and brokerage (1,47,850) (1,20,345)
Payments of other operating expenses (4,68,927) (4,62,126)
Preliminary and pre-operative expenses - -
Deposits, advances and staff loans (25,480) 5,874
Income taxes paid (Net) (59,470) (631)
Good & Service tax paid 6,779 (6,175)
Other payments (17,663) 9,892
Gain /Loss on Foreign Exchange Fluctuations (385) (2,123)
Cash flows before extraordinary items (3,84,095) (3,88,401)
Cash flow from extraordinary operations (4) (6)
Cash flows after extraordinary items (3,84,098) (3,88,407)
Net cash flow from operating activities (3,84,098) (3,88,407)
Cash flows from investing activities: - -
Purchase of fixed assets (10,506) (8,552)
Proceeds from sale of fixed assets 1,030 1,780
Purchases of investments (1,67,904) (2,48,308)
Loans disbursed - -
Sales of investments 3,24,528 2,71,832
Repayments received 1,55,960 2,03,258
Rents/Interests/ Dividends received 2,08,606 2,23,242
Investments in money market instruments and in liquid mutual 4,393 (3,976)
funds (Net)(a)
Expenses related to investments (335) (349)
Other payments/collections (Net) 0 0
Net cash flow from investing activities 5,15,773 4,38,928
Cash flows from financing activities: - -
Proceeds from issuance of share capital - -
Proceeds from borrowing - -
Repayments of borrowing - (90,000)
Interest/dividends paid - (7,425)
Net cash flow from financing activities - (97,425)
Effect of foreign exchange rates on cash and cash - -
equivalents, net
Net increase in cash and cash equivalents: 1,31,674 (46,904)
Cash and cash equivalents at the beginning of the year 2,19,902 2,66,805
Cash and cash equivalents at the end of the year 3,51,576 2,19,902

Notes: -
(a) Investments in mutual funds where these are used as parking vehicles pending investment are to be indicated (net).
(b) The above items are minimum which are to be reported. Insurers may include
which they deem fit

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