It is a broadly described annual report of Prime Insurance Company Limited in the year of 2016. In 2016, The Company contributed BDT 122 million as Corporate Tax, Value Added Tax, and other levies. The assets of the company decreased to Taka. 1,111.22 million from Taka. 1,137.00 million in 2015. During the financial year, The Company earned a gross premium income of Tk. 535 million against Tk. 579 million in 2015. The net premium of the company stood at Tk. 197 million against Tk. 212 million in 2015. In the year 2016, Operating Profit/Income decreased to Tk. 79.37 million from Tk. 118.27 million in 2015 and decreased of 32.90%. Net profit/(loss) after tax for the year Tk. 74.23 million. Net Assets Value (NAV) of the Company stood at Taka. 670.03 million in 2016 which was Taka. 646.90 million in 2015.
The Board of Directors has recommended @13% cash dividend totaling Tk. 53,140,747 on paid-up capital of Tk. 408,774,980 for the year ended December 31, 2016. 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 Prime Insurance Company Limited:
- Annual Report 2010 of Prime Insurance Company Limited
- Annual Report 2011 of Prime Insurance Company Limited
- Annual Report 2012 of Prime Insurance Company Limited
- Annual Report 2013 of Prime Insurance Company Limited
- Annual Report 2014 of Prime Insurance Company Limited
- Annual Report 2015 of Prime Insurance Company Limited
- Annual Report 2016 of Prime Insurance Company Limited
