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BL11

- The document is the balance sheet of Progressive Life Insurance Company Limited as of December 31, 2011. - It shows total capital and liabilities of Taka 2,998,200,463 including share capital of Taka 92,400,000, life insurance fund of Taka 2,841,021,957, and estimated liabilities of Taka 62,303,274. - Total property and assets are also Taka 2,998,200,463, consisting of investments, loans, amounts due from other insurers, cash balances, and other assets like fixed assets and intangible assets.

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fakhruddinahmedrubai
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46 views1 page

BL11

- The document is the balance sheet of Progressive Life Insurance Company Limited as of December 31, 2011. - It shows total capital and liabilities of Taka 2,998,200,463 including share capital of Taka 92,400,000, life insurance fund of Taka 2,841,021,957, and estimated liabilities of Taka 62,303,274. - Total property and assets are also Taka 2,998,200,463, consisting of investments, loans, amounts due from other insurers, cash balances, and other assets like fixed assets and intangible assets.

Uploaded by

fakhruddinahmedrubai
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PROGRESSIVE LIFE INSURANCE COMPANY LIMITED

BALANCE SHEET
As at 31 December 2011
CAPITAL AND LIABILITIES

Share Capital
Authorised
75,000,000 Ordinary shares of Tk 10 each
Issued, Subscribed and Paid-up
9,240,000 Ordinary shares of Tk 10 each
called and paid-up in full

Balance of Funds and Accounts


Life Insurance Fund

Amount due to other persons or bodies


carrying on Insurance business

Note

4.01

2011

2010

Taka

Taka

PROPERTY AND ASSETS

Loans
On insurance policies within their
200,000,000 surrender value

750,000,000

4.02

92,400,000

5.00

6.00

Liabilities and Provisions

82,500,000

2,841,021,957

Investment (at cost)


Investment with Govt. Securities
Equity Shares of the Companies
Share, Debentures and Others
Interests, Dividends & Rents
Accuring but not due

2,475,232

32,840,894
25,812,660
152,509
2,308,919
1,188,292

21,459,878
24,668,778
165,572
1,747,156
1,188,292

2,998,200,463

Nasir Ali Shah


Chairman

M.A.Karim
Managing Director

Mahmadur Rashid
Director

2010

Taka

Taka

16,072,789

14,797,984

14.00

14.03

900,015,915
696,355,308
57,569,450
146,091,157

784,489,865
517,355,308
58,416,700
208,717,857

15.00

147,982,725

73,886,984

20.00

1,236,042
939,122,066
50,814,941
60,867,583
17,087,579
546,054,155
400,125

767,519
502,916,099
42,334,858
11,727,000
9,769,275
343,708,186
400,125

21.00

263,897,684

94,976,655

14.02

16.00
17.00
18.00
19.00

Intangible Assets

22.00

Cash, Bank and other Balances


On Fixed deposit with banks
On Current and STD account with banks
Cash in hand
Cash in transit
Forms, stamps and stationery
in hand

23.00

2,564,368

23.04

984,502,487
426,755,000
359,223,638
11,239,969
187,283,880

749,938,774
391,755,000
256,736,085
7,307,177
94,140,512

24.00

9,268,439

7,205,102

2,998,200,463

2,136,566,695

23.01
23.02
23.03

2,136,566,695

Signed in terms of our separate report of even date annexed.

Accompanying notes from an integral part of these financial statements.


0

2011

13.00

14.01

2,004,047,286 Amounts due from other


persons or bodies
carrying on Insurance business
Other Assets
Advance & deposits
789,733 Advance for Office Space Purchase
Agents' balance
Outstanding premium
Sundry debtors (SB)
49,229,676 Fixed assets (at cost less accumulated
depreciation)

62,303,274

Estimated liabilities in respect of outstanding


7.00
claims whether due or intimated
8.00
Sundry creditors
9.00
Premium deposit
10.00
Other deposits
11.00
Investment fluctuation fund

Note

Nazim Tazik Chowdhury


Director

Syed Tanvir Alam


Asst.MD & Company Secretary

G.Kibria & Co.


Chartered Accountants

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