Care Health Annual Reports, Balance Sheet and Financials

Particulars

31-03-2024

31-03-2023

Sources of funds

Share Capital

97,20,437

94,22,306

Reserves And Surplus

1,19,77,804

80,69,537

Fair Value Change Account - Shareholders '  Funds

2,25,003

(56,011)

Fair Value Change Account - Policyholders ' Funds

54,168

(590)

Total

2,19,77,412

1,74,35,242

Application of Funds

Shareholders

2,13,03,545

1,92,11,593

Policyholders

4,50,25,649

3,15,51,286

Fixed Assets

4,18,995

5,61,812

Deferred Tax Asset*

4,12,281

4,68,101

Current Assets

Cash and Bank Balances

9,58,489

9,98,131

Advances and Other Assets

30,10,757

23,73,106

Sub-Total

39,69,246

33,71,237

Current Liabilities

2,00,25,614

1,55,94,542

Provisions

2,91,26,690

2,21,34,245

Sub-Total

4,91,52,304

3,77,28,787

Net Current Assets

-4,51,83,058

-3,43,57,550

Miscellaneous Expenditure (To The Extent Not Written Off or Adjusted)

-

-

Debit Balance In Profit And Loss Account

-

-

Total

2,19,77,412

1,74,35,242

Particulars

31-03-2024

31-03-2023

Operating Profit/(Loss)

Miscellaneous Insurance

35,59,964

64,37,363

Income from Investments

Interest, Dividend & Rent - Gross

13,47,276

9,78,608

Profit on sale of investments

82,564

76,394

Less: Loss on sale of investments

(967)

(4,352)

Total

49,88,837

74,88,013

Other Expenses

Expenses other than those related to Insurance Business

43,788

60,299

Bad debts written off

6,009

13,681

Foreign Exchange (Gain)/Loss

2,379

(17,944)

Corporate Social Responsilibilty (CSR) Expenses

27,934

10,461

Sandbox related expenses

-

14

Contribution to the Policyholders ' Fund towards Excess EOM*

8,08,057

41,41,692

Penalties

57

-

Total

8,88,224

42,08,203

Profit / (Loss) Before Tax

41,00,613

32,79,810

Current tax

9,74,007

8,89,812

Tax relating to earlier years

21,868

-

Deferred Tax Expense/(Income)

55,820

(68,574)

Profit / (Loss) After Tax

30,48,918

24,58,572

Balance of profit/(loss) brought forward from last year/period

16,40,213

-8,18,359

Balance carried forward to Reserves & Surplus/Balance sheet

46,89,131

16,40,213

Particulars

31-03-2024

31-03-2023

Cash Flows from the Operating activities:

Premium received from policyholders, including advance receipts

8,21,49,032

6,21,55,817

Payments to  the re-insurers, net of commissions and claims

16,10,947

14,12,556

Payments to  co-insurers, net of claims recovery

-1,14,084

-1,44,067

Payments of claims

-3,46,25,214

-2,48,05,127

Payments of commission and brokerage

-1,42,81,794

-78,86,496

Payments of other operating expenses

-1,43,15,414

-1,29,72,344

Deposits, advances and staff loans

(53,004)

(21,079)

Income taxes paid (Net)

-11,73,110

-6,50,000

Service tax / GST  paid

-87,12,564

-67,96,352

Net cash flow from Operating activities

1,04,84,795

1,02,92,908

Cash flows from Investing activities:

Purchase of fixed assets (including capital advances)

-1,32,313

-2,97,839

Proceeds from sale of fixed assets

1,587

1,417

Purchases of investments

-1,95,59,839

-2,10,21,249

Sales of investments

5,73,421

4,61,464

Repayments received

43,28,780

44,39,053

Rents/Interests/ Dividends received

37,95,527

25,34,544

Investments in money market instruments and in liquid mutual funds (Net)

-6,86,701

8,25,555

Net cash flow from Investing activities

-1,16,79,538

-1,30,57,055

Cash flow from Financing Activities

Proceeds from issuance of share capital

11,57,480

29,57,458

Net cash flow from Financing activities

11,57,480

29,57,458

Effect of foreign exchange rates on cash and cash equivalents, net

(2,379)

17,944

Net increase in cash and cash equivalents

(39,642)

2,11,255

Cash and cash equivalents at the beginning of the year

9,98,131

7,86,876

Cash and cash equivalents at the end of the year

9,58,489

9,98,131