final accounts presentation...-2009

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.

final accounts presentation...-2009

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