Prime Islami Life Insurance: Interim Financial Statements - 3Q 2017

Transcription

1. UN-AUDITED LIFE REVENUE ACCOUNT For the Third Quarter Ended September 30 ,2017 Jan-Sep, 2017 Tk. Jan-Sep, 2016 Tk. Growth % July-Sep 2017 Tk. July-Sep, 2016 Tk. Growth % Balance of Fund b/d 7,955,474,382 7,582,748,309 4.92 7,533,378,063 7,196,335,123 4.68 Premium less Re-insurance 1,460,903,717 1,409,115,705 3.68 560,553,264 552,047,343 1.54 216,996,356 310,156,095 (30.04) 60,955,378 120,030,186 (49.22) 619,440 591,748 172,877 171,591 9,633,993,895 9,302,611,857 8,155,059,582 7,868,584,243 1,375,256,874 1,345,126,051 2.24 307,061,523 305,115,000 0.64 632,720,241 620,098,132 2.04 221,981,279 226,081,569 (1.81) 72,667,212 (100.00) Profit, Dividends & Rents Other Income Claims (Including S.B) Management Expenses Other Expenses Balance of Fund c/d Sd/ Chief Financial Officer - 72,667,212 7,626,016,780 7,264,720,462 9,633,993,895 9,302,611,857 Sd/ Company Secretary 4.68 (100.00) 4.97 Sd/ Chief Executive Officer 7,626,016,780 7,264,720,462 8,155,059,582 7,868,584,243 Sd/ Sd/ Director Chairman 0.75 4.97
2. UN-AUDITED BALANCE SHEET As at September 30 ,2017 30-09-2017 Taka Capital & Liabilities Shareholders' Capital 31-12-2016 Taka Growth % Authorised Capital 5,00,00,000 Ordinary Shares of Tk. 10/- each 500,000,000 500,000,000 - 305,202,300 305,202,300 - 7,626,016,780 7,955,474,382 (4.14) 124,101 439,102 (71.74) Estimated Liabilities in respect of outstanding claims, whether due or intimated 11,153,114 12,165,879 (8.32) Amount due to other persons or bodies carrying on insurance business 7,320,302 8,383,262 (12.68) Sundry Creditors 405,725,427 398,839,176 1.73 Provision for Share Value Fluctuation Account 274,095,821 274,095,821 - 6,494,517 6,071,344 8,636,132,362 8,960,671,266 Issued, Subscribed and Paid-up 3,05,20,230 Ordinary Shares of Tk. 10/- each Balance of Fund and Accounts Life Insurance Fund Welfare Fund Liabilities and Provisions Premium Deposits 30-09-2017 Taka Property & Assets 31-12-2016 Taka 6.97 Growth % Loan On Insurer's policies within their surrender value 95,461,966 88,832,842 1,133,356,271 2,057,622,576 (44.92) 888,391 1,065,890 (16.65) Outstanding Premium 309,036,983 399,015,460 (22.55) Profit, Dividends and Rents Accruing But not Due 215,010,951 196,559,179 9.39 1,906,457,466 990,029,465 92.57 73,808,197 37,533,100 96.65 Fixed Deposit with Banks 3,234,134,024 3,561,844,912 (9.20) Bank & Cash Balance 1,269,361,530 1,251,494,638 1.43 4,503,495,554 4,813,339,550 393,287,999 371,227,250 5,328,584 8,636,132,362 5,445,954 8,960,671,266 Investment (At cost) Agents Balance Advances and Deposits Sundry Debtors 7.46 Cash and Bank Balances Others Assets Fixed Assets (WDV) Stamps, Printing & Stationary in Hand Sd/ Chief Financial Officer Sd/ Company Secretary Sd/ Chief Executive Officer Sd/ Director 5.94 (2.16) Sd/ Chairman
3. Cash Flow Statement For the Third Quarter Ended September 30 , 2017 Un-Audited Jan-Sep, 2017 Tk. Particulars Jan- Sep, 2016 Tk. A. CASH FLOW FROM OPERATING ACTIVITIES: Collection from Premium Other Income received Payment for Claims 1,553,325,684 1,429,865,188 619,440 591,748 (1,376,269,639) (1,347,385,989) Payment for Management Exp. Commission, re-insurance & Others (600,165,209) (603,179,819) Source Tax / Tax paid Net cash flow from operating activities (17,706,241) (440,195,965) (23,661,944) (543,770,816) Investment made / disposal 924,266,305 (36,941,457) Acquistion of Fixed Assets (10,146,253) (102,927,221) B. CASH FLOW FROM INVESTING ACTIVITIES: Advance Against land (975,600,000) Loan against policies (6,629,124) Profit, Dividends & Rents Received Net cash flow from investing activities 198,544,584 130,435,512 (21,457,413) 267,292,966 105,966,875 C. CASH FLOW FROM FINANCING ACTIVITIES: Dividend Paid (83,543) (178,533) Net cash used in financing activities (83,543) (178,533) (309,843,996) (437,982,474) D. Net outflow in cash & cash equivalents (A+B+C) E. Cash and cash equivalents at the beginning of the period 4,813,339,550 4,486,803,034 F. Cash and cash equivalents at the end of the period (D+E) 4,503,495,554 4,503,495,554 - 4,048,820,560 Sd/ Chief Financial Officer Sd/ Company Secretary Sd/ Chief Executive Officer Sd/ Sd/ Director Chairman
4. PRIME ISLAMI LIFE INSURANCE LIMITED STATEMENT OF CHANGE IN EQUITY AS AT SEPTEMBER 30 , 2017 Un-audited Share Capital Particulars Equity as on January 01,2017 305,202,300 Additional during the year ( Bonus Share) - Reserve for Exceptional Losses Share Premium General Reserve Retained Earnings - - - - - - - - Equity as on September 30,2017 305,202,300 - - - - Equity as on September 30,2016 305,202,300 305202300 - - - - Sd/ Chief Financial Officer Sd/ Company Secretary Sd/ Chief Executive Officer Sd/ Director Total Tk. 305,202,300 305,202,300 305,202,300 Sd/ Chairman