Annual Report 2015 of Green Delta Insurance Company Limited

It is a broadly described annual report of Green Delta Insurance Company Limited in the year of 2015. The company deducts income Tax, VAT and excise duty at source from employees, clients, and suppliers, and deposits the same to the national exchequer. So, in total GDIC contributed BDT 107,434,509 during the year 2015. Green Delta Insurance company Limited has increased by BDT 38.17 million from the year 2014. The retained by earning of the company in the year 2015 was BDT 204.19 million and the year 2014 was BDT 166.02 million respectively. In 2015, net claims dropped by 13%over 2014. Net claims stand at Tk. 301.49mn in 2015 while the same figure stood at Tk. 346.61 in 2014. The Company’s paid-up capital touched Taka.806.91 million at the end of 2015. Shareholders’ equity stands at Taka. 5,692.23 million as on 31^st December 2015.

The Board of Directors has recommended @25% dividend as cash to shareholders of the Company for the year ended 2015. 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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