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

17.10 0.30    1.79%
Pre Close
High Low
Volume   30,700 0.00 17.50 17.00
Open   17.00
Open: 17.00
Closed Last Update:  21 June 02:26 PM

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

2012
(Year)
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
Balance Sheet
Fire Insurance Business Account 17,902,871 28,295,871 39,115,274 41,947,073 31,476,032.00
Marine Insurance Business Account 43,124,821 26,245,889 17,866,588 30,006,303 30,901,171.00
Motor Insurance Business Account 8,372,274 15,606,439 20,446,288 20,247,131 18,984,886.00
Misc. Insurance Business Account 5,433,474 4,338,659 6,224,286 5,443,646 2,869,615.00
Total Capital & Liabilities 1,380,255,192 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477.00
Book Value Per Share 18.21 13.15 20.7 20.67 20.16
Total Liabilities 602,860,435 558,616,297 536,455,941 394,919,601 347,337,127.00
Total Investment 289,416,508 78,852,783 65,028,391 55,023,534 45,036,160.00
Total Assets 1,380,255,192 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477.00
Income statement
Net Premium 232,154,005 186,147,451 209,005,026 241,634,623 209,681,286.00
Net Claim 28,878,033 26,581,872 28,208,844 35,394,792 62,632,008.00
Depreciation 20,048,393 17,939,385 5,522,452 36,580,783 11,635,401.00
Deffered Tax Expense 35,373 395,023 (233,424) (1,572) 22,934.00
Net Profit After Tax 50,695,910 57,094,472 63,648,459 64,159,471 66,211,419.00
Earnings Per Share 1.19 2 2.02 1.85 1.71
Cash Flow
Net Cash Flow From Operating Activities 98,701,670 28,750,396 46,493,993 38,185,135 49,994,008.00
Investment In Share (50,000,000) (16,000,000) -- 10,000,000 10,000,000.00
Net Cash Flow From Investing Activities (53,054,641) (18,033,795) (1,919,257) 9,566,075 7,245,518.00
Loan Received -- -- -- -- --
Loan Repayment To Bank (24,348,000) (10,709,891) (9,500,000) (127,557,751) (18,152,627.00)
Net Cash Flow Financing Activities (24,348,000) (10,709,891) (9,500,000) (127,557,751) (18,152,627.00)
Opening Cash & Bank Balance 228,997,998 250,297,027 250,303,737 262,247,596 182,441,055.00
Closing Cash & Bank Balances 250,297,027 250,303,737 285,378,473 182,441,055 221,527,954.00
2012
(Year)
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
Authorised Capital 1,000,000,000 -- -- -- --
Issued, Subscribed & Paid Up 426,937,500 286,167,840 314,784,620 346,263,080 387,814,650.00
Revaluation Reserve -- -- 214,441,308 -- --
Premium On Right Share 160,050,000 -- -- -- --
Reserve Or Contingency Account 190,407,257 90,160,712 122,346,532 369,468,851 394,128,700.00
Reserve For Exceptional Losses 142,954,417 60,531,170 88,031,170 113,031,170 138,031,170.00
Reserve & Surplus 3,771,100 -- -- 214,441,308 188,172,248.00
Profit & Loss Appropriation Account 43,681,740 29,629,542 34,315,362 41,996,373 67,925,282.00
Shareholders Equity 777,394,757 376,328,552 651,572,460 715,731,931 781,943,350.00
Balance Of Fund & Account 74,833,440 74,486,858 83,652,436 97,644,153 84,231,704.00
Fire Insurance Business Account 17,902,871 28,295,871 39,115,274 41,947,073 31,476,032
Marine Insurance Business Account 43,124,821 26,245,889 17,866,588 30,006,303 30,901,171
Motor Insurance Business Account 8,372,274 15,606,439 20,446,288 20,247,131 18,984,886
Misc. Insurance Business Account 5,433,474 4,338,659 6,224,286 5,443,646 2,869,615
Deposit Premium 24,143,768 13,465,750 12,821,880 11,495,508 5,712,284.00
Liabilities & Provisions 503,883,227 470,663,689 439,981,625 285,779,940 257,393,139.00
Estimated Liability In Respect Of Outstanding Claims Whether Due Or Intimated 160,460,233 30,853,068 27,299,200 27,373,619 24,650,692.00
Amount Due To Other Persons Or Bodies Carrying On Insurance Business 113,329,151 78,746,102 31,955,436 29,943,840 32,474,201.00
Bank Overdraft -- 115,766,197 108,900,000 -- --
Provision For Income Tax -- 113,522,064 139,834,536 165,938,230 --
Sundry Creditors 218,937,473 131,776,258 131,992,453 62,524,251 200,268,246.00
Lease Obligation 11,156,370 -- -- -- --
Total Capital & Liabilities 1,380,255,192 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477
Investment 289,416,508 78,852,783 65,028,391 55,023,534 45,036,160.00
National Bond 10,975,080 -- -- -- --
Share & Debenture 278,441,428 -- -- -- --
Outstanding Premium 11,627 -- -- -- --
Accrued Interest -- 22,126,442 20,092,193 16,274,249 11,095,456
Advance,Deposit & Prepayments 234,013,735 -- -- -- --
Interest, Dividend & Rent Outstanding 23,901,268 -- -- -- --
Amount Due From Other Persons Or Bodies Carrying On Insurance Business 97,341,000 173,907,055 213,696,865 375,350,827 353,203,139.00
Sundry Debtors 56,599,711 151,190,054 164,408,796 163,944,632 187,624,860.00
Cash & Bank Balances 642,993,790 366,069,934 371,147,596 182,441,055 221,527,954.00
Stock Of Printing Materials At Cost 525,589 -- -- -- --
Fixed Assets 33,992,755 142,059,227 352,897,340 316,750,482 307,869,563.00
Stock Of Stationary -- 440,060 348,482 397,603 360,719
Security Deposit 1,121,347 -- -- -- --
Insurance Stamps In Hand 337,862 416,780 292,800 351,640 2,468,050.00
Deferred Tax Assets -- (117,486) 115,938 117,510 94,576
Total Assets 1,380,255,192 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477.00
Book Value Per Share 18.21 13.15 20.7 20.67 20.16
Investment In Shares 278,441,428 -- -- -- --
Total Liabilities 602,860,435 558,616,297 536,455,941 394,919,601 347,337,127
Total Investment 289,416,508 78,852,783 65,028,391 55,023,534 45,036,160
Total Shareholders Fund 777,394,757 376,328,552 651,572,460 715,731,931 781,943,350.00
Total Assets 1,380,255,192 934,944,849 1,188,028,401 1,110,651,532 1,129,280,477
Insurance Liabilities 273,789,384 109,599,170 59,254,636 57,317,459 57,124,893.00
Claims Payable 160,460,233 30,853,068 27,299,200 27,373,619 24,650,692.00
Expenses -- 66,833,865 -- -- --
2012
(Year)
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
Balance of Account at the Beginning of the Year/Quarter 74,564,899 92,972,932 74,486,858 83,652,436 97,644,153.00
Net Premium 232,154,005 186,147,451 209,005,026 241,634,623 209,681,286
Reinsurance Commission 38,277,020 43,972,763 35,893,948 20,598,567 37,699,916.00
Management Expenses 85,290,406 83,034,306 74,150,502 58,343,624 58,463,313.00
Agency Commission/Commission 37,002,180 47,273,611 40,942,521 23,520,300 28,739,124.00
Reserves for Unexpired Risk 92,972,932 74,486,858 92,431,529 97,644,153 84,231,704.00
Net Claim 28,878,033 26,581,872 28,208,844 35,394,792 62,632,008
Underwriting Profit 100,852,373 91,716,499 83,652,436 130,982,757 110,959,206.00
Interest,Dividend & Rents -- -- -- -- --
Interest Income 28,255,119 41,483,445 35,970,926 24,988,592 14,414,452.00
Misc. Income -- -- -- 11,596 17,876
Capital Gain/(Loss) On Sale Of Share 66,956 (1,850,881) (235,754) -- --
Profit/Loss Transferred From 100,852,373 91,716,499 92,431,529 130,982,757 110,959,206.00
Fire Revenue Account 34,834,853 38,680,989 56,178,526 64,553,226 32,323,923.00
Marine Revenue Account 39,028,882 26,492,723 24,432,926 29,334,190 51,541,265.00
Motor Revenue Account 24,122,415 21,178,702 6,199,241 28,438,108 19,588,207.00
Miscellaneous Revenue Account 2,866,223 5,364,085 5,620,836 8,657,233 7,505,811.00
Total Tk. 129,174,448 131,349,063 128,166,701 155,982,945 125,391,534.00
Expenses Of Management 55,728,738 51,693,419 38,205,770 65,719,780 31,667,613.00
Advertisement & Publicity -- -- -- -- --
Group Insurance -- -- -- -- --
Directors Fee 1,045,750 1,080,000 1,054,763 1,279,500 860,000.00
Audit Fees 293,250 161,000 184,000 189,750 356,500.00
Employee Contribution To P.F. -- -- -- 4,513,158 --
Legal & Professional Fees 821,500 843,013 229,448 290,475 563,200.00
Provision For Gratuity 5,000,000 6,222,344 11,500,000 6,075,000 --
Subscription -- -- -- 434,000 450,000
Donation & Subscription 55,000 1,721,000 125,000 -- --
Depreciation 20,048,393 17,939,385 5,522,452 36,580,783 11,635,401
Other Expenses 26,763,103 21,503,103 18,570,850 15,206,709 16,364,837.00
Registration & Renewal 1,666,369 1,828,551 1,252,681 1,151,977 1,414,741.00
Provision For Loss On Investment In Shares -- -- -- -- --
Deffered Tax Expense 35,373 395,023 (233,424) (1,572) 22,934
Profit Before Provision & Tax 73,445,710 79,655,644 89,960,931 90,263,165 93,723,921.00
Net Profit Before Tax 73,445,710 79,655,644 89,960,931 90,263,165 93,723,921.00
Provision For Income Tax 22,749,800 22,561,172 26,312,472 26,103,694 27,512,502.00
Balance for the Year Carried to Profit & Loss Appropriation Account 107,364,710 -- -- -- --
Net Profit After Tax 50,695,910 57,094,472 63,648,459 64,159,471 66,211,419
Earnings Per Share 1.19 2 2.02 1.85 1.71
2012
(Year)
2013
(Year)
2014
(Year)
2015
(Year)
2016
(Year)
Collection From Premium & Other Income 374,232,682 321,244,007 328,922,399 404,621,863 409,519,322.00
Income Tax Paid (22,842,095) (21,726,705) (11,661,500) (35,283,049) (23,252,967.00)
Payment For Management Exp. Re-Insurance & Claim (252,688,917) (270,766,906) (270,766,906) (331,153,679) (336,272,347.00)
Claims -- -- -- -- --
Re-Insurance -- -- -- -- --
Net Cash Flow From Operating Activities 98,701,670 28,750,396 46,493,993 38,185,135 49,994,008
Acquisition Of Fixed Asset (3,054,641) (2,033,795) (1,919,257) (433,925) (2,754,482.00)
Purchase Of Investment -- -- -- -- --
Advance Against Floor Purchase -- -- -- -- --
Investment In Share (50,000,000) (16,000,000) -- 10,000,000 10,000,000
Net Cash Flow From Investing Activities (53,054,641) (18,033,795) (1,919,257) 9,566,075 7,245,518
Loan Received -- -- -- -- --
Loan Repayment To Bank (24,348,000) (10,709,891) (9,500,000) (127,557,751) (18,152,627)
Net Cash Flow Financing Activities (24,348,000) (10,709,891) (9,500,000) (127,557,751) (18,152,627)
Net Inflows/(Outflows) For The Year 21,299,029 6,710 35,074,736 (79,806,541) 39,086,899.00
Opening Cash & Bank Balance 228,997,998 250,297,027 250,303,737 262,247,596 182,441,055
Closing Cash & Bank Balances 250,297,027 250,303,737 285,378,473 182,441,055 221,527,954
Operating Cash Flow Per Share 3.47 -- 9.07 5.27 5.71

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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