It is a broadly described annual report of Federal Insurance Company Limited in the year of 2013. During the year under audit, through operation of all the branches, the gross net premium earned by the Company amounted to Taka. 426,726,202 million including public sector business of Taka. 42,751,248 million. The shares are listed in the Dhaka and Chittagong Stock Exchanges and quoted at Tk. 24.70 (in 2012 Tk. 27.20 ) per share and Tk. 24.60 (in 2012 Tk. 27.40 ) per share in Dhaka and Chittagong stock exchanges respectively, on 30 December 2013.
The Board of Directors except for recommendation of @11% stock dividend in the 138th meeting of the board of directors of Company held on 27th April 2014 subject to approval at the Annual General Meeting. 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.
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