It is a broadly described annual report of Sonar Bangla Insurance Limited in the year of 2016. During the year total assets of the Company is Taka. 70,61,69,712 which was Taka. 65,64,55,608 in the year-2015 that means assets increased in 2016 against 2015. The reserve was Tk. 27,69,35,062 in 2015. By increasing the reserve it stood at Tk. 32,26,72,521 in 2016 i.e. the reserve has increased Tk. 4,57,37,459 in 2016 against 2015. The Paid up Capital of the Company has increased to Tk. 31.21 crore by declaring the stock dividend (Bonus Share) from the year 2008 to 2015. The Company earned the gross premium of Tk. 38,13,37,703 in 2016. The Company made underwriting profit of Tk. 7,13,55,541 and profit before tax are Tk. 8,02,52,493 during the year 2016.
The Board of Directors has recommended @10% Stock Dividend (Bonus Share) for the shareholders for the year-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.
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