Northern General Insurance Co. Ltd. (NORTHRNINS) - (Northern General Insurance Co. Ltd.) - Insurance - Dhaka Stock Exchange - Share market analysis of dhaka stock exchange, Bangladesh
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Northern General Insurance Co. Ltd. (NORTHRNINS)

(Northern General Insurance Co. Ltd.) - Insurance - Dhaka Stock Exchange

18.90 0.90    4.95%
Pre Close
High Low
Volume   97,376 18.20 19.40 18.30
Open   18.40
Open: 18.40
Closed Last Update:  14 August 02:27 PM

Financial Statements Period Latest financial statements withBangladeshi Taka where financial year ends on December

2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Balance Sheet
Fire Insurance Business Account 28,295,871 39,115,274 41,947,073 31,476,032 29,195,058.00
Marine Insurance Business Account 26,245,889 17,866,588 30,006,303 30,901,171 33,438,603.00
Motor Insurance Business Account 15,606,439 20,446,288 20,247,131 18,984,886 27,038,784.00
Misc. Insurance Business Account 4,338,659 6,224,286 5,443,646 2,869,615 9,255,097.00
Total Capital & Liabilities 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477 1,282,289,294.00
Book Value Per Share 13.15 20.7 20.67 20.16 19.96
Total Liabilities 558,616,297 536,455,941 394,919,601 347,337,127 430,925,009.00
Total Investment 78,852,783 65,028,391 55,023,534 45,036,160 85,050,194.00
Total Assets 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477 1,282,289,294.00
Income statement
Net Premium 186,147,451 209,005,026 241,634,623 209,681,286 247,207,393.00
Net Claim 26,581,872 28,208,844 35,394,792 62,632,008 61,339,287.00
Depreciation 17,939,385 5,522,452 36,580,783 11,635,401 15,141,432.00
Deffered Tax Expense 395,023 (233,424) (1,572) 22,934 --
Net Profit After Tax 57,094,472 63,648,459 64,159,471 66,211,419 69,420,935.00
Earnings Per Share 2 2.02 1.85 1.71 1.63
Cash Flow
Net Cash Flow From Operating Activities 28,750,396 46,493,993 38,185,135 49,994,008 137,166,140.00
Investment In Share (16,000,000) -- 10,000,000 10,000,000 --
Investment In Bond -- -- -- -- (40,000,000)
Net Cash Flow From Investing Activities (18,033,795) (1,919,257) 9,566,075 7,245,518 (67,884,840.00)
Loan Received -- -- -- -- --
Loan Repayment To Bank (10,709,891) (9,500,000) (127,557,751) (18,152,627) --
Net Cash Flow Financing Activities (10,709,891) (9,500,000) (127,557,751) (18,152,627) --
Opening Cash & Bank Balance 250,297,027 250,303,737 262,247,596 182,441,055 221,527,954.00
Closing Cash & Bank Balances 250,303,737 285,378,473 182,441,055 221,527,954 290,809,254.00
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Issued, Subscribed & Paid Up 286,167,840 314,784,620 346,263,080 387,814,650 426,596,110.00
Revaluation Reserve -- 214,441,308 -- -- --
Reserve Or Contingency Account 90,160,712 122,346,532 369,468,851 394,128,700 424,768,175.00
Reserve For Exceptional Losses 60,531,170 88,031,170 113,031,170 138,031,170 163,031,170.00
Reserve & Surplus -- -- 214,441,308 188,172,248 183,467,942
Profit & Loss Appropriation Account 29,629,542 34,315,362 41,996,373 67,925,282 78,269,063.00
Shareholders Equity 376,328,552 651,572,460 715,731,931 781,943,350 851,364,285.00
Balance Of Fund & Account 74,486,858 83,652,436 97,644,153 84,231,704 98,927,542.00
Fire Insurance Business Account 28,295,871 39,115,274 41,947,073 31,476,032 29,195,058
Marine Insurance Business Account 26,245,889 17,866,588 30,006,303 30,901,171 33,438,603
Motor Insurance Business Account 15,606,439 20,446,288 20,247,131 18,984,886 27,038,784
Misc. Insurance Business Account 4,338,659 6,224,286 5,443,646 2,869,615 9,255,097
Deposit Premium 13,465,750 12,821,880 11,495,508 5,712,284 8,078,860.00
Liabilities & Provisions 470,663,689 439,981,625 285,779,940 257,393,139 323,918,607.00
Estimated Liability In Respect Of Outstanding Claims Whether Due Or Intimated 30,853,068 27,299,200 27,373,619 24,650,692 32,428,688.00
Amount Due To Other Persons Or Bodies Carrying On Insurance Business 78,746,102 31,955,436 29,943,840 32,474,201 69,951,953.00
Bank Overdraft 115,766,197 108,900,000 -- -- --
Provision For Income Tax 113,522,064 139,834,536 165,938,230 -- --
Sundry Creditors 131,776,258 131,992,453 62,524,251 200,268,246 221,537,966.00
Total Capital & Liabilities 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477 1,282,289,294
Investment 78,852,783 65,028,391 55,023,534 45,036,160 85,050,194.00
Long Term -- -- -- -- 277,392
Share & Debenture -- -- -- -- --
Accrued Interest 22,126,442 20,092,193 16,274,249 11,095,456 8,257,787.00
Interest, Dividend & Rent Outstanding -- -- -- -- --
Amount Due From Other Persons Or Bodies Carrying On Insurance Business 173,907,055 213,696,865 375,350,827 353,203,139 362,829,068.00
Sundry Debtors 151,190,054 164,408,796 163,944,632 187,624,860 213,337,014.00
Cash & Bank Balances 366,069,934 371,147,596 182,441,055 221,527,954 290,809,254.00
Property, Plant & Equipments -- -- -- -- 320,335,579
Fixed Assets 142,059,227 352,897,340 316,750,482 307,869,563 --
Stock Of Stationary 440,060 348,482 397,603 360,719 266,554.00
Insurance Stamps In Hand 416,780 292,800 351,640 2,468,050 705,850.00
Deferred Tax Assets (117,486) 115,938 117,510 94,576 420,602.00
Total Assets 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477 1,282,289,294.00
Book Value Per Share 13.15 20.7 20.67 20.16 19.96
Total Liabilities 558,616,297 536,455,941 394,919,601 347,337,127 430,925,009
Total Investment 78,852,783 65,028,391 55,023,534 45,036,160 85,050,194
Total Shareholders Fund 376,328,552 651,572,460 715,731,931 781,943,350 851,364,285.00
Total Assets 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477 1,282,289,294
Insurance Liabilities 109,599,170 59,254,636 57,317,459 57,124,893 102,380,641.00
Claims Payable 30,853,068 27,299,200 27,373,619 24,650,692 32,428,688.00
Expenses 66,833,865 -- -- -- --
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Balance of Account at the Beginning of the Year/Quarter 92,972,932 74,486,858 83,652,436 97,644,153 84,231,704.00
Net Premium 186,147,451 209,005,026 241,634,623 209,681,286 247,207,393
Reinsurance Commission 43,972,763 35,893,948 20,598,567 37,699,916 47,908,093.00
Management Expenses 83,034,306 74,150,502 58,343,624 58,463,313 57,148,487.00
Agency Commission/Commission 47,273,611 40,942,521 23,520,300 28,739,124 44,116,654.00
Reserves for Unexpired Risk 74,486,858 92,431,529 97,644,153 84,231,704 117,815,220.00
Net Claim 26,581,872 28,208,844 35,394,792 62,632,008 61,339,287
Underwriting Profit 91,716,499 83,652,436 130,982,757 110,959,206 98,927,542.00
Interest,Dividend & Rents -- -- -- -- --
Interest Income 41,483,445 35,970,926 24,988,592 14,414,452 14,724,021.00
Misc. Income -- -- 11,596 17,876 14,354
Capital Gain/(Loss) On Sale Of Share (1,850,881) (235,754) -- -- --
Profit/Loss Transferred From 91,716,499 92,431,529 130,982,757 110,959,206 117,815,220.00
Fire Revenue Account 38,680,989 56,178,526 64,553,226 32,323,923 34,500,040.00
Marine Revenue Account 26,492,723 24,432,926 29,334,190 51,541,265 58,095,896.00
Motor Revenue Account 21,178,702 6,199,241 28,438,108 19,588,207 13,711,076.00
Miscellaneous Revenue Account 5,364,085 5,620,836 8,657,233 7,505,811 11,508,208.00
Total Tk. 131,349,063 128,166,701 155,982,945 125,391,534 132,553,595.00
Expenses Of Management 51,693,419 38,205,770 65,719,780 31,667,613 33,518,704.00
Advertisement & Publicity -- -- -- -- --
Group Insurance -- -- -- -- --
Directors Fee 1,080,000 1,054,763 1,279,500 860,000 828,000.00
Audit Fees 161,000 184,000 189,750 356,500 316,250.00
Employee Contribution To P.F. -- -- 4,513,158 -- --
Legal & Professional Fees 843,013 229,448 290,475 563,200 338,125.00
Provision For Gratuity 6,222,344 11,500,000 6,075,000 -- --
Subscription -- -- 434,000 450,000 340,000
Donation & Subscription 1,721,000 125,000 -- -- --
Depreciation 17,939,385 5,522,452 36,580,783 11,635,401 15,141,432
Other Expenses 21,503,103 18,570,850 15,206,709 16,364,837 14,172,609.00
Registration & Renewal 1,828,551 1,252,681 1,151,977 1,414,741 2,382,288.00
Provision For Loss On Investment In Shares -- -- -- -- --
Deffered Tax Expense 395,023 (233,424) (1,572) 22,934 --
Profit Before Provision & Tax 79,655,644 89,960,931 90,263,165 93,723,921 99,034,891.00
Net Profit Before Tax 79,655,644 89,960,931 90,263,165 93,723,921 99,034,891.00
Provision For Income Tax 22,561,172 26,312,472 26,103,694 27,512,502 29,939,982.00
Deffered Tax Assets -- -- -- -- (326,026)
Net Profit After Tax 57,094,472 63,648,459 64,159,471 66,211,419 69,420,935
Earnings Per Share 2 2.02 1.85 1.71 1.63
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
2017
(Year)
Collection From Premium & Other Income 321,244,007 328,922,399 404,621,863 409,519,322 515,719,746.00
Income Tax Paid (21,726,705) (11,661,500) (35,283,049) (23,252,967) (26,221,681.00)
Payment For Management Exp. Re-Insurance & Claim (270,766,906) (270,766,906) (331,153,679) (336,272,347) (352,331,925.00)
Claims -- -- -- -- --
Re-Insurance -- -- -- -- --
Net Cash Flow From Operating Activities 28,750,396 46,493,993 38,185,135 49,994,008 137,166,140
Acquisition Of Fixed Asset (2,033,795) (1,919,257) (433,925) (2,754,482) (27,884,840.00)
Purchase Of Investment -- -- -- -- --
Advance Against Floor Purchase -- -- -- -- --
Investment In Share (16,000,000) -- 10,000,000 10,000,000 --
Investment In Bond -- -- -- -- (40,000,000)
Net Cash Flow From Investing Activities (18,033,795) (1,919,257) 9,566,075 7,245,518 (67,884,840)
Loan Received -- -- -- -- --
Loan Repayment To Bank (10,709,891) (9,500,000) (127,557,751) (18,152,627) --
Net Cash Flow Financing Activities (10,709,891) (9,500,000) (127,557,751) (18,152,627) --
Net Inflows/(Outflows) For The Year 6,710 35,074,736 (79,806,541) 39,086,899 69,281,300.00
Opening Cash & Bank Balance 250,297,027 250,303,737 262,247,596 182,441,055 221,527,954
Closing Cash & Bank Balances 250,303,737 285,378,473 182,441,055 221,527,954 290,809,254
Operating Cash Flow Per Share -- 9.07 5.27 -- --

Disclaimer:
  • • This is a generalized format for the sectors
  • • For company specific financial statement, please see Report section
  • • Latest 05 years Annual reports and 5 years quarterly reports are available under this section.
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