LIFE INSURANCE CORPORATION (NEPAL)LTD.
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Cash flow from operating activities: |
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| S.N |
Particulars |
Current year |
Previous year |
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| A | Premium Income |
900,682,699.82 |
724,255,575.00 |
|||
| Late fee Income |
6,602,780.36 |
5,993,435.53 |
||||
| Re-Insurance Income | - |
- |
||||
| Re-Insurance Commission Income | - |
- |
||||
| Other Direct Income | - |
- |
||||
| Claimed recevory from Re-Insurer | - |
- |
||||
| Re-Insurance Premium Paid |
(1,309,273.16) |
(1,347,501.81) |
||||
| Re-Insurance commission payment |
- |
- |
||||
| Agent commission payment |
(110,697,677.25) |
(96,890,386.28) |
||||
| Medical examination fee payment |
(2,212,388.00) |
(2,360,265.00) |
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| Death claim payment |
(16,724,038.00) |
(9,545,381.00) |
||||
| Maturity claim payment |
(5,551,366.66) |
(3,436,487.84) |
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| Partial-maturity claim payment |
(14,530,016.00) |
(11,400,250.00) |
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| Surrender value claim payment |
(21,381,735.14) |
(22,402,341.30) |
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| Other claim payment |
- |
- |
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| Service fee payment |
(7,242,557.50) |
(5,428,915.27) |
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| Management expenditure payment |
(47,084,529.33) |
(60,852,581.94) |
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| Income Tax Paid |
- |
- |
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| (Increase)/decrese in current assets |
(25,668,151.96) |
(24,390,479.43) |
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| (Increase)/decrese in current liabilities |
10,462,172.71 |
21,937,815.32 |
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| Net Cash Flow from Operaing activities
(A) |
665,345,919.89 |
514,132,235.98 |
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| B | Cash flow from Investing Activities: |
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| (Increase) Decrease in fixed assets |
(1,323,205.63) |
(2,131,821.23) |
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| (Increase) Decrease in investment in government guaranteed
securities. |
(260,575,491.45) |
(264,800,000.00) |
||||
| (Increase) Decrease in investment in fixed deposit of bank
and financial institution. |
(102,000,000.00) |
(443,000,000.00) |
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| (Increase) Decrease in investment in other deposit of bank
and financial institution. |
(5,474,672.35) |
(2,065,609.29) |
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| Increase/Decrease in Equtity Share Investments |
(69,448,358.00) |
(9,855,334.00) |
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| (Increase) Decrease in investment in preference share/debenture |
(29,170,000.00) |
(45,400,000.00) |
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| (Increase) Decrease in other investment (Premium On Investment) |
(21,107,769.95) |
(39,040,671.40) |
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| (Increase) Decrease in loans against insurance Policy |
(67,630,696.79) |
(16,836,430.74) |
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| (Increase) Decrease in other loans and advances |
(9,218,250.32) |
(4,436,083.25) |
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| Interest Income From Investment |
136,724,897.01 |
97,920,682.52 |
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| Dividend Received |
734,097.50 |
759,525.00 |
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| Rental income |
- |
- |
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| Interest On Policy Loan |
5,750,621.82 |
2,590,199.41 |
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| Others Indirect Income |
8,897,248.59 |
27,560.00 |
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| Net Cash Flow from Investing Activities
(B) |
(413,841,579.57) |
(726,267,982.98) |
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| C | Cash flow from Financing Activities |
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| Amount received from Shares |
- |
- |
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| (Increase) Decrease in o/s debt |
- |
- |
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| Increase/Decrease in short term debt |
(239,028,968.40) |
239,028,968.40 |
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| Interest Paid on Loan and Debt |
(5,076,277.35) |
(2,093,456.77) |
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| Dividend paid |
- |
- |
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| Net cash flow from Financing Activities ( C) |
(244,105,245.75) |
236,935,511.63 |
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| Net cash flow from overall activities of this year = (A
+ B + C) |
7,399,094.57 |
24,799,764.63 |
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| Opening Balance of Cash & Bank Balance |
45,287,772.53 |
20,488,007.90 |
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| Closing Balance of Cash & Bank Balance |
52,686,867.10 |
45,287,772.53 |
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| As per our report of even date
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