It is a broadly described annual report of Sonar Bangla Insurance Limited in the year of 2013. During the year total assets of the Company is Tk. 64,34,58,558 million which was Tk. 59,39,01,388 in the year-2012 that means assets increased by Tk. 4,95,57,170 million Compare to 2012. Furthermore, the reserves of the Company have also increased. The reserves increased from Tk. 19,96,99,081/- to Tk. 22,05,34,509 i.e. reserves increased Tk. 2,08,35,428 in the year 2013 against 2012. The Company earned a satisfactory Gross Premium Income of Tk. 31,05,16,044/- in 2013 where Underwriting Profit was Tk. 4.04,86,950/- Net Profit before Tax was Tk. 6,68,67,556/- despite prevailing the sloth economy.
Considering the overall operational result of the Company for the year 2013, the Board of Directors of the Company recommended @12% Stock Dividend (Bonus Share). 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 Sonar Bangla Insurance Limited:
