It is a broadly described annual report of Pragati Insurance Limited in the year of 2003. Net premium after Reinsurance outgo stood at Tk. 225.90 million as against Tk. 176.50 million in the year 2002 which is Tk. 49.40 million more than the previous year. Net profit after providing for depredation and other charges stood at Tk. 69.15 million from which “Exceptional Losses Reserves” at the rate of 10% of the net premium income, which is a tax-exempt statutory requirement, has been set aside; Income Tax of Tk. 12 million has also been provided leaving an amount of Tk. 24.55 million for distribution. The Company earned Taka. 41.60 million as underwriting profit for the year 2003 as against Taka. 41.10 million earned in 2002.
The Board of Directors has recommended a cash Dividend @20% be considered for the year 2003 leaving a balance of Tk. 0.76 million to be carried forward. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of Pragati Insurance Limited:
- Annual Report 2000 of Pragati Insurance Limited
- Annual Report 2001 of Pragati Insurance Limited
- Annual Report 2002 of Pragati Insurance Limited
- Annual Report 2003 of Pragati Insurance Limited
- Annual Report 2004 of Pragati Insurance Limited
- Annual Report 2005 of Pragati Insurance Limited
- Annual Report 2006 of Pragati Insurance Limited
- Annual Report 2007 of Pragati Insurance Limited
- Annual Report 2008 of Pragati Insurance Limited
- Annual Report 2009 of Pragati Insurance Limited
- Annual Report 2010 of Pragati Insurance Limited
- Annual Report 2011 of Pragati Insurance Limited
- Annual Report 2012 of Pragati Insurance Limited
- Annual Report 2014 of Pragati Insurance Limited
- Annual Report 2015 of Pragati Insurance Limited
- Annual Report 2016 of Pragati Insurance Limited
