It is a broadly described annual report of Islami Insurance Bangladesh Limited in the year of 2011. Provision for current Income Tax has been made @42.5% as prescribed in Finance Act, 2011 on the taxable income for the year. In 2010, The Company had Authorized capital Tk. 250,000,000.00 of Tk. 100.00 each. During the financial year, the gross premium income of the Company stood at Taka. 27.52 Crore in 2011 as against Taka. 26.86 Crore in 2010. Total assets accumulated to the tune of Taka. 50.51 Crore during the year under review as against Taka. 41.88 Crore in the previous year. The company able to earn a net profit amounting to Taka. 2.75 Crore before tax for the year 2010.
The stock dividend for Tk. 18,000,000.00 @10% on the paid-up capital for the year 2011 recommended by the board of directors on 25.03.2012. 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 Islami Insurance Bangladesh Limited:
- Annual Report 2009 of Islami Insurance Bangladesh Limited
- Annual Report 2010 of Islami Insurance Bangladesh Limited
- Annual Report 2011 of Islami Insurance Bangladesh Limited
- Annual Report 2012 of Islami Insurance Bangladesh Limited
- Annual Report 2013 of Islami Insurance Bangladesh Limited
- Annual Report 2014 of Islami Insurance Bangladesh Limited
- Annual Report 2015 of Islami Insurance Bangladesh Limited
- Annual Report 2016 of Islami Insurance Bangladesh Limited
