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    Balance Sheet 2011

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    fakhruddinahmedrubai
    This document is the balance sheet of Bangladesh General Insurance Company as of December 31, 2011. It shows total assets of 1,434,711,643 Taka, including investments in shares and debentures of 316,378,076 Taka. Total liabilities and equity are also 1,434,711,643 Taka. Major liabilities include outstanding claims of 132,730,957 Taka, loan from Uttara Bank of 101,366,090 Taka, and provision for taxation of 65,972,553 Taka. Shareholders' equity totals 1,035,417,546 Taka, with issued share capital of 514,545,290 Taka being the largest portion.

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    Balance Sheet 2011

    Uploaded by

    fakhruddinahmedrubai
    36 views2 pages
    This document is the balance sheet of Bangladesh General Insurance Company as of December 31, 2011. It shows total assets of 1,434,711,643 Taka, including investments in shares and debentures of 316,378,076 Taka. Total liabilities and equity are also 1,434,711,643 Taka. Major liabilities include outstanding claims of 132,730,957 Taka, loan from Uttara Bank of 101,366,090 Taka, and provision for taxation of 65,972,553 Taka. Shareholders' equity totals 1,035,417,546 Taka, with issued share capital of 514,545,290 Taka being the largest portion.

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    This document is the balance sheet of Bangladesh General Insurance Company as of December 31, 2011. It shows total assets of 1,434,711,643 Taka, including investments in shares and debentures of 316,378,076 Taka. Total liabilities and equity are also 1,434,711,643 Taka. Major liabilities include outstanding claims of 132,730,957 Taka, loan from Uttara Bank of 101,366,090 Taka, and provision for taxation of 65,972,553 Taka. Shareholders' equity totals 1,035,417,546 Taka, with issued share capital of 514,545,290 Taka being the largest portion.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    36 views2 pages

    Balance Sheet 2011

    Uploaded by

    fakhruddinahmedrubai
    This document is the balance sheet of Bangladesh General Insurance Company as of December 31, 2011. It shows total assets of 1,434,711,643 Taka, including investments in shares and debentures of 316,378,076 Taka. Total liabilities and equity are also 1,434,711,643 Taka. Major liabilities include outstanding claims of 132,730,957 Taka, loan from Uttara Bank of 101,366,090 Taka, and provision for taxation of 65,972,553 Taka. Shareholders' equity totals 1,035,417,546 Taka, with issued share capital of 514,545,290 Taka being the largest portion.

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    of 2

    BANGLADESH GENERAL INSURANCE COMPANY LIMITED

    BALANCE SHEET AS AT 31ST DECEMBER - 2011


    CAPITAL AND LIABILITIES

    NOTE

    AUTHORISED CAPITAL :

    2011
    TAKA

    2010
    TAKA

    PROPERTY AND ASSETS

    NOTE

    1,000,000,000

    1,000,000,000

    INVESTMENTS AT COST:

    Shares & Debentures

    3,00
    3,01

    316,378,076
    311,878,076

    291,076,752
    286,576,752

    Bangladesh Govt. Treasury Bond

    3,02

    4,500,000

    4,500,000

    INTEREST, DIVIDEND & RENT OUTSTANDING

    4,00

    79,744,038

    50,461,158

    AMOUNTS DUE FROM OTHER PERSONS OR BODIES


    CARRYING ON INSURANCE BUSINESS

    5,00

    186,733,649

    91,673,825

    SUNDRY DEBTORS

    6,00

    16,629,180

    9,845,530

    100,000,000 Ordinary Shares of Tk. 10/- each


    2,00

    ISSUED, SUBSCRIBED AND PAID-UP CAPITAL :

    514,545,290

    459,415,440

    244,825,200

    244,825,200

    36,000,000

    36,000,000

    Right share issue of 20,88,252 Ordinery sahres in the year 2009

    208,825,200

    208,825,200

    RESERVE OR CONTINGENCY ACCOUNTS :

    197,768,701

    187,768,701

    168,068,701
    5,000,000
    11,000,000
    13,700,000

    158,068,701
    5,000,000
    11,000,000
    13,700,000

    78,278,355

    55,440,546

    2011
    TAKA

    2010
    TAKA

    5,14,54,529 Ordinary Share of Tk. 10 each


    SHARE PREMIUM :

    The amount represents Premium received @ 100 per share against


    Right share issue of 3,60,000 Ordinery sahres in the year 2005

    Reserve for Exceptional Losses


    General Reserve
    Share Value Fluctuation Reserve
    Dividend Equalisation Reserve

    10,00

    PROFIT AND LOSS APPROPRIATION ACCOUNT

    TOTAL SHARE HOLDERS' EQUITY


    BALANCE OF FUNDS & ACCOUNTS

    11,00

    PREMIUM DEPOSITS
    LIABILITIES & PROVISIONS:
    ESTIMATED LIABILITY IN RESPECT OF
    OUTSTANDING CLAIMS WHETHER DUE OR INTIMATED

    1,035,417,546

    947,449,887

    RIGHT SHARE ISSUE EXPENSES

    7,00

    2,073,474

    3,110,211

    132,730,957

    109,189,906

    CASH AND BANK BALANCES :

    8,00
    8,01
    8,02
    8,03

    716,725,897
    489,585,949
    203,574,563
    23,565,385

    698,799,726
    377,675,000
    272,509,106
    48,615,620

    Tangible Fixed Assets (at cost Less Accumulated Depreciation) 9.00


    9.01
    Land (Free hold at cost)
    Stationery in hand
    Stamps in hand

    116,427,329
    87,537,133
    26,486,609
    1,184,663
    1,218,924

    103,646,994
    75,916,357
    26,486,609
    777,789
    466,239

    1,434,711,643

    1,248,614,196

    12,00

    8,026,130

    3,954,715

    13,00

    64,193,961

    27,733,210

    AMOUNTS DUE TO OTHER PERSONS OR BODIES


    CARRYING ON INSURANCE BUSINESS

    14,00

    9,252,160

    14,350,577

    LOAN FROM BANK (SECURED)


    UTTARA BANK LTD. (OVERDRAFT)

    15,01

    101,366,090

    78,066,667

    SUNDRY CREDITORS

    16,00

    17,752,246

    17,425,779

    PROVISION FOR TAXATION

    17,00

    65,972,553

    50,443,455

    1,434,711,643

    1,248,614,196

    21,26

    21,60

    OTHER ACCOUNTS :

    TOTAL
    Net Asset VAlue (NAV) Per Share
    See annexed report of date.

    Fixed Deposit Accounts


    STD & Current Accounts
    Cash & Cheques in Hand

    25,00

    TOTAL

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