It is a broadly described annual report of Sonar Bangla Insurance Limited in the year of 2014. During the year 2014, total assets of the Company is Taka. 65,61,54,326 which was Tk. 64,34,58,558 in the year-2013 that means assets increased by Tk. 1,26,95,768 Compare to 2013. The reserve increased from Tk. 22,04,34,509 to Tk. 23,89,82,631 i.e. reserve increased Tk. 1,85,48,122 in the year 2014 against 2013. The Company earned the gross premium of Taka. 31,97,39,347 million in 2014. The Company made underwriting profit of Tk. 5,26,28,707 million and profit before tax is Tk. 6,88,48,668 million during the year 2014.
The Board of Directors has recommended @6% Stock Dividend (Bonus Share) and @6% Cash Dividend for the shareholders for the year-2014. 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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