final accounts presentation...-2009
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8/8/2019 Final Accounts Presentation...-2009
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Presented By
Farzana Chowdhury
Addl. Managing Director ( F & A )
Green Delta Insurance Company Limited.
Provisional Balance Sheet
&
Financial Highlights
Year-2009
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-Performance Analysis 2007 to 2009
-Comparative Premium Collection Analysis
-Analysis of Investment Position & Investment Income
- Comparative Paid Claim
-Comparative Ratio Analysis
-Management Expenses
-Budget Variance 2009
OBJECTIVE
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Financial Highlights - 2009Taka ( In million )
Particulars / Year 2009 2008 Growth 2007 2006 2005
Gross Premium Income 1601.67 1,400.75 14.34% 1109.25 762.70 631.60
Net Premium Income 728.33 627.21 16.12% 451.02 327.20 267.00
Net Claims 114.36 117.23 -2.45% 117.04 92.60 55.30
Underwriting Profit 111.97 106.16 5.47% 42.39 36.60 67.30
Investment Income 224.17 253.29 -11.50% 186.41 85.20 58.20
Profit before Tax 277.26 295.07 -6.04% 183.19 94.86 86.91
Profit after Tax 232.26 245.07 -5.23% 163.19 80.86 70.43
Paid up Capital 408.24 204.12 100.00% 151.20 151.20 108.00
Share Holders' Equity 2139.36 1,718.67 24.48% 827.92 586.20 543.00
Total Liabilities1224.48 1,153.83 6.12% 870.53 641.70 605.90
Total Reserves 2096.02 1,624.98 28.99% 767.76 494.80 465.60
Total Assets 3363.84 2,872.50 17.10% 1,698.44 1,227.90 1,148.80
Total Investment 1839.11 1,561.55 17.77% 681.76 451.57 338.06
Fixed Assets 15.05 15.29 -1.57% 12.48 12.36 11.18
Dividend in Taka - 204.12 - 75.60 45.40 43.20
% of Cash Devidend - - - 15% 30% 0.0
% of Stock Devidend - 100% - 35% 0 40%
Earning Per share (EPS) 56.89 120.06 -52.62% Tk.107.93 Tk. 62.39 Tk. 79.13
P/E Ratio 29.31 16.51 77.53% 8.51 6.21 7.31
Book Value Per Share Tk-524.04 Tk.841.98 -37.69% Tk.547.56 Tk. 452.31 Tk. 610.12
Market Value Per Share Tk-1667.75 TK.1982.19 -15.86% Tk. 918.25 Tk. 387.5 Tk. 578.75
Required Solvency Margin 198.79 176.98 12.32% 140.22 97.35 79.39
Available Solvency Margin 975.53 1,092.31 -10.69% 336.40 252.51 253.69
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Collected PremiumYear (2007-2009 )
Fig-Collected Premium
Taka ( In Million)
Class Wise
BusinessFire Marine Motor Miscellaneous TotalBusiness
Year 2009 2008 2007 2009 2008 2007 2009 2008 2007 2009 2008 2007 2009 2008 2007
GrossPremium 880.17 766.79 576.11 315.76 313.77 248.52 91.78 75.61 64.99 312.59 244.00 218.99 1,600.30 1,400.17 1,108.61
Ri-Insurance
Premium
Accepted
- - -1.35 0.56 0.49 -
- -0.03 0.03
0.151.38
0.590.64
Total Gross
Premium 880.17 766.79 576.11 317.11 314.33 249.01 91.78 75.61 64.99 312.62 244.03 219.14 1,601.68 1,400.76 1,109.25
Ri- Insurance
Premium
Ceded (536.74) (499.16) (417.92) (75.96) (60.97) (57.10) (4.12) (3.07) (3.42) (256.53) (210.34) (179.78) (873.35) (773.54) (658.22)
Net Premium343.43 267.63 158.19 241.15 253.36 191.91 87.66 72.54 61.57 56.09 33.69
39.36728.33 627.22 451.03
1,600.3
728.33
1,
400.1
627.22
1,108.6 4
51.03
-
500.00
1,000.00
1,500.00
2,000.00
2009 2008 2007
Gross Premium
Net Premium
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Investment PositionDetails of Investments 2009 2008 Growth 2007
Investment In FDR 714.85 563.30 26.90% 481.71
Investment Bond (Govt Bond) 4.50 4.50 - 4.50
Shares Listed on DSE & CSE (Market Price) 1,413.61 1,237.84 14.20% 423.25
Debentures 10.54 11.67 -9.68% 15.24
Jalalabad Telecom Ltd. 30.00 30.00 - 28.00
IDLC Zero Coupon Bond - 0.32 -100.00% 3.76
GDFSL (Paid up capital) 50.00 50.00 - 20.00
Green Delta AIMS Ltd. (Paid up Capital) 4.50 4.50 - 4.50
BR AC Bank Preferred Share @ 9% 50.00 50.00 - 50.00
United Hospital 56.10 56.10 - 55.00
Investment in GDFSL (Margin Loan) 150.00 100.00 50.00% 60.00
CSE Membership Purchase Price - - - 17.50
Grameen Phone 19.06 16.62 14.68% -
Investment in DBH Mutual Fund 50.00 - - -
BEXIMCO Pharma Preffared share 0.52 - -
BGIC Preference Share 0.28 - -
TOTAL 2,553.96 2,124.85 1,163.46
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Investment IncomeDetails of Investment Income 2009 2008 Growth 2008 2007 Growth
Interest on FDR & STD 63.18 45.36 39.29% 45.36 34.20 32.63%
Net profit from shares 122.55 172.74 -29.06% 172.74 124.07 39.23%
Interest on Debenture - 0.48 -100.00% 0.48 3.38 -85.80%
Interest on National Bond 0.38 0.20 90.00% 0.20 0.38 -47.37%
Interest on Zero Coupon Bond 0.01 0.17 -94.12% 0.17 0.56 -69.64%
Underwriting Comm. 2.47 0.23 973.91% 0.23 0.18 27.78%
Dividend Income 18.80 22.23 -15.43% 22.23 19.96 11.37%
Interest Income from GDFSL 15.00 9.72 54.32% 9.72 1.81 437.02%Co-Ins Service Charges 1.46 1.42 2.82% 1.42 0.90 57.78%
Sundry Income 0.33 0.73 -54.79% 0.73 0.96 -23.96%
Total Income 224.18 253.28 -11.49% 253.28 186.40 35.88%
Fig ; Investment Income
Investment
Income, 224.18Investment
Income, 253.28
Investment
Income, 186.40
2009 2008 2007
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Claim Paid( 2005-2009)
Fig : Paid Claim
134.35
117.23
117.0492.63
55.34
0
50100
150
200
2009 2008 2007 2006 2005
Yrae
Claim
P
Taka (In Million)
Net Claim
Year Fire Marine Motor Miscellaneous Total
2009 46.4 37.97 33.71 16.27 134.35
2008 40.79 39.26 16.39 20.79 117.23
2007 44.32 50.5 19.94 2.28 117.04
2006 41.71 14.07 26.15 10.7 92.63
2005 28.36 14.39 11.23 1.36 55.34
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Comparative Ratio Analysis
Particular 2009 2008 2007
Return On Assets 3.59% 4.64% 2.90%
Return On Investment 12.63% 15.69% 23.95%
Expense Ratio 36.61% 33.39% 31.89%
Claims Ratio 8.39% 8.37% 10.55%
Current Ratio 1.73 : 1 1.51 : 1 1.52 : 1
Liquidity Ratio 1.54 : 1 1.26 : 1 1.35 : 1
Debt Equity Ratio 0.57 : 1 0.67 : 1 1.05 : 1
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Comparative AnalysisOfManagementExpensesYear (2005-2009)
Taka ( In Million )
HEADS OF EXPENSES 2009 2008Growth
(2008-2009)2008 2007
Growth(2007-2008)
2006 2005
Staffing Cost 213.25 171.61 48.53% 171.61 109.72 56.41% 88.12 80.88
Professional, Audit & Subscription Fee 12.45 7.52 65.56% 7.52 5.95 26.39% 5.48 3.90
Office Rent & Utility Expenses 20.13 18.36 9.64% 18.36 17.15 7.06% 15.77 14.18
Car Maintenance & Fuel 16.43 19.49 18.73% 19.49 15.13 28.82% 11.49 10.73
Office Stationary, Printing & Photostat Charge 9.85 9.27 6.26% 9.27 6.46 43.50% 5.63 4.66
Conveyance & TA & DA 8.39 7.23 16.04% 7.23 6.07 19.11% 5.03 4.07
Meeting, Conference & Training Expenses 4.03 4.15 -2.89% 4.15 1.98 109.60% 2.14 1.84
Financial Charges 5.77 2.35 145.53% 2.35 2.42 -2.89% 1.21 0.97
Business Development, Sponsorship &Advertisement Expenses
18.62 17.70 5.25% 17.70 9.20 92.39% 4.29 5.75
Directors TA & DA , Fee & Board Meeting Expenses 1.45 1.93 -24.87% 1.93 1.99 -3.02% 1.79 2.15
Office Maintenance & Others 14.68 14.18 3.53% 14.18 13.35 6.22% 10.38 10.82
Total Expenses 325.05 273.79 273.79 189.42 151.33 139.95
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BUDGETVARIANCE -2009Taka ( In Million)
HEADOF EXPENSES Budget-2009 ActualExpenses. -2009 Variance % Of Variance
Staff Cost 201.65 213.25 -11.6 -5.44%
Professional,Audit & Subscription Fee 9.4 12.45 -3.05 -24.50%
Office Rent & UtilityExpenses 20.3 20.11 0.19 0.94%
Car Maintenance & Fuel 17.99 16.43 1.56 9.49%
Office Stationary,Printing & Photostate Charge 10.3 9.85 0.45 4.57%
Conveyance & TA & DA 6.5 8.39 -1.89 -22.53%
Meeting,Conference & TrainingExpenses 3 4.03 -1.03 -25.56%
Financial Charges 1.6 5.77 -4.17 -72.27%
BusinessDevelopment,Sponsorship&AdvertisementExpenses
20.52 18.62 1.9 10.20%
Directors TA & DA , Fee & Board MeetingExpenses 5.7 1.45 4.25 293.10%
Office Maintenance & Others 16.95 14.68 2.27 15.46%
TOTAL 313.91 325.03 -11.12
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Thank You.
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