It is a broadly described annual report of Prime Islami Life Insurance Limited in the year of 2013. In 2013, The Company has contributed Tk. 51.56 million on account of Corporate Tax, Tk. 7.85 million on account of VAT and Tk. 7.18 million on account of annual registration charge to the national exchequer. During the financial year, The Company’s Gross Premium Tk. 2,051,494,407 and Net Premium Tk. 2,046,343,311. The Company earned a total surplus of Tk. 692.8 million approximately including Tk. 105.2 million of the previous year’s reserve and out of the above amount; shareholders’ portion is 10% which in terms of the figure comes to Tk. 57.4 million.
The Board of Directors in its 140th meeting recommended @15% (fifteen) stock and @10% (ten) cash dividend to the shareholders of the Company. 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.
Annual Report of Prime Islami Life Insurance Limited: