Green Delta Insurance Green Delta Insurance Company LimitedCompany Limited

IntroductionFinancial Highlights

Balance Sheet Item AnalysisRatio Analysis

Contribution of GDIC in Economy

Green Delta Insurance is one of the leading insurance Green Delta Insurance is one of the leading insurance company of Bangladesh, established in 14company of Bangladesh, established in 14thth December,1986.December,1986.

Green Delta In December, 2013 GDIC Officially launched Green Delta In December, 2013 GDIC Officially launched ‘Cellular phone insurance’ for the first time in ‘Cellular phone insurance’ for the first time in Bangladesh.Bangladesh.

In November 2012 GDIC has been awarded “AA1” rating In November 2012 GDIC has been awarded “AA1” rating in long term crediting.in long term crediting.

During the time of its establishment the paid up capital During the time of its establishment the paid up capital was BDT 30 million and now GDIC has amassed about 510 was BDT 30 million and now GDIC has amassed about 510 million taka.million taka.

GDIC is providing to Bangladesh’s economy by GDIC is providing to Bangladesh’s economy by contributing to higher GDP, facilitating employment and contributing to higher GDP, facilitating employment and insuring new individual businesses, creating scope for insuring new individual businesses, creating scope for investment, diversification of investment. investment, diversification of investment.

ParticularsParticulars/ Year/ Year

20132013 20122012 20112011 20102010 20092009

Gross ProfitGross Profit 2613.45 2613.45 2603.192603.19 2351.472351.47 2001.312001.31 1601.641601.64

Net ProfitNet Profit 1316.99 1316.99 1212.531212.53 862.04862.04 770.31770.31 726.69726.69

Profit BeforeProfit BeforeTaxTax

285.13 285.13 262.67262.67 143.43143.43 562.41562.41 277.65277.65

Profit After Profit After TaxTax

229.03 229.03 237.67237.67 134.00134.00 478.76478.76 232.65232.65

Paid Up Paid Up capitalcapital

637.87 637.87 510.30510.30 408.24408.24 408.24408.24 408.24408.24

TotalTotalInvestmentInvestment

2197.01 2197.01 1998.951998.95 2363.652363.65 2905.302905.30 1835.341835.34

Earning perEarning perShareShare

Tk.3.69 Tk.3.69 Tk.4.05Tk.4.05 Tk. 2.60Tk. 2.60 Tk. 12.31Tk. 12.31 Tk. 5.70Tk. 5.70

Dividend Dividend paidpaid

In cash (%) In cash (%)

15%15% 15%15% - - 40%40% 25%25%

Particulars 2013 2012 2011 2010

Gross ProfitGross Profit 63.17%increase

62.53%increase

46.55%increase

24.65%increase

Net ProfitNet Profit 81.23% increase

66.8%increase

18.63%increase

6%increase

Profit Before Profit Before TaxTax

2.6% increase

5%5%decreasedecrease

48% 48% decreasedecrease

102.56%increase

Profit After Profit After TaxTax

1.56% 1.56% decreasedecrease

2.16%increase

42.40%42.40%decreasedecrease

105.79%increase

Paid Up Paid Up capitalcapital

56.25% increase

119.34%increase

No change No change No change No change

TotalTotalInvestmentInvestment

19.741%increase

8.91%increase

28.78%increase

58.23%increase

Earning perEarning perShareShare

35.26%35.26%decreasedecrease

28.95%28.95%decreasedecrease

54.4%54.4%decreasedecrease

115.96%increase

Dividend paid Dividend paid inin

cash (%) cash (%)

40% 40% decreasedecrease

40% 40% decreasedecrease

__ 60% increase

Green Delta Insurance Company Ltd. has started its journey with paid up capital of Taka 3.00 Lac.

In the year, 2008, GDIC also declared 100% Stock Dividend to its stakeholders.

At present the capital stands at 63 crore 78 lac 75 thousand paid up capital.

The amount of Dividend paid to stake holders are listed belowThe amount of Dividend paid to stake holders are listed below

YearYear Dividend Dividend

20132013 60424746042474

20122012 832411832411

20112011 163404523163404523

20102010 9240213492402134

20092009 14044351404435

GDIC’S business GDIC’S business has been has been

increasing with increasing with a positive a positive

growth rate, as growth rate, as a result the a result the

business’s asset business’s asset has increased in has increased in accordance with accordance with

the positive the positive growth rate.growth rate.

Balance Sheet Item Analysis Balance Sheet Item Analysis (Asset)(Asset)

Analyzing financial statement involves evaluating three characteristics

i.i. LiquidityLiquidityii.ii.ProfitabilityProfitabilityiii.iii.SolvencySolvency

It measures the company’s short term It measures the company’s short term ability to pay its obligation and meet ability to pay its obligation and meet unexpected need for cash. unexpected need for cash. It measures for each dollar of debt how It measures for each dollar of debt how much cash it holds. much cash it holds.

Current ratio Current ratio measures the measures the organizations organizations ability to pay ability to pay

obligation and obligation and dues.dues.

Ratio AnalysisRatio Analysis

Acid-test ratio Acid-test ratio

measures the measures the

organizations organizations

ability ability

to pay to pay

immediate immediate

obligation.obligation.

Ratio AnalysisRatio Analysis

Receivables turnover measures the liquidity of receivables.

Receivables Receivables TurnoverTurnover

Profitability ratio are-

1.Asset turnover2.Profit Margin3.Earning per share4.Return on common stockholders equity

It measures the income or operating success of a company for a given period of time.

Profitability Profitability RatioRatio

Measures how efficiently asset helps to generate sales.Asset TurnoverAsset Turnover

It measures how much net income each sale generates.Profit Margin Profit Margin

RatioRatio

Ratio AnalysisRatio Analysis

It measures the return of investment made by stockholder.

Return on common Return on common stock holders equitystock holders equity

Measures a company’s Measures a company’s ability to survive in long run.ability to survive in long run.Solvency RatioSolvency Ratio

Total debt to Total debt to

total asset total asset ratio ratio

measures measures

the the percentagepercentage

of asset of asset providedprovided

by creditor.by creditor.

Green Delta Insurance Company Limited made significant contribution to the government in boosting its revenue collection. As per the prevailing law of the country, the company being corporate citizen pays tax and vat on its own income.

Contribution in the year 2013 Figure in BDT

Tax Deducted on Various Account 3248062.00

Tax Deducted on Agency Commission

17941787.00

VAT Deducted on Various Account 7765054.00

VAT Deducted on Survey 1448112.00

Company Tax 64473029.00

Despite last year’s difficult environment GDIC’S performance has steadily improved.

Green Delta focuses on maintaining strong levels of capitalization.

Despite a year of uncertainty GDIC’S Operating income was 288.16 million. With the continues improvement of the economy, the business of GDIC is also flourishing.