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    Shamir Shehabee Sharjil
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    This document contains financial statements for Eastern Insurance Co. Ltd. for the first quarter ended March 31, 2011 including a cash flow statement, income statement, balance sheet, and statement of changes in equity. The cash flow statement shows the company had a net cash inflow of 553.19 million Taka for the quarter. The income statement indicates the company had a net profit after tax of 12.78 million Taka. And the balance sheet lists the company's total assets as 1,426.72 million Taka.

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    This document contains financial statements for Eastern Insurance Co. Ltd. for the first quarter ended March 31, 2011 including a cash flow statement, income statement, balance sheet, and statement of changes in equity. The cash flow statement shows the company had a net cash inflow of 553.19 million Taka for the quarter. The income statement indicates the company had a net profit after tax of 12.78 million Taka. And the balance sheet lists the company's total assets as 1,426.72 million Taka.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    7 views1 page

    Financial Statement

    Uploaded by

    Shamir Shehabee Sharjil
    This document contains financial statements for Eastern Insurance Co. Ltd. for the first quarter ended March 31, 2011 including a cash flow statement, income statement, balance sheet, and statement of changes in equity. The cash flow statement shows the company had a net cash inflow of 553.19 million Taka for the quarter. The income statement indicates the company had a net profit after tax of 12.78 million Taka. And the balance sheet lists the company's total assets as 1,426.72 million Taka.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    EASTERN INSURANCE CO. LTD.

    44, DILKUSHA COMMERCIAL AREA (1ST & 2ND FLOOR) DHAKA-1000


    CASH FLOW STATEMENT
    FOR THE1ST QUARTERENDED ON MARCH 31, 2011
    AMOUNT IN TAKA
    AMOUNT IN TAKA
    AMOUNT IN TAKA Sl.PARTICULARS
    31.03.2011 31.03.201
    31.12.2010
    A. Cash Flow from Operating Activities
    Turnover against Insurance Business
    71,104,379 58,824,98
    186,624,000 Investment & Other Income
    3,779,272
    2,012,764
    294,372,587 Business Cost, Expenses & Others
    (63,226,081)(52,427,50
    Income Tax
    (1,378,000) (1,080,000
    218,695,581 VAT paid to Government
    (5,322,495) (5,607,609
    169,398,582B. Cash Flow from Investing Activities
    869,090,750 Sales proceeds of Shares
    6,700,000
    Investment in Shares & Others
    - (11,263,95
    296,382,523C. Cash Flow from Financing Activities
    shares
    341,546,129 Share Money Deposit against right559,429,784
    (11,197,440)
    231,162,098 Tax Paid on share premium
    Loan Received
    869,090,750 Loan Paid
    - (4,800,000
    Net Cash inflow(outflow) for the 553,189,419
    period
    (7,641,328
    UN-AUDITED INCOME STATEMENT
    798,957,502 229,502,84
    FOR THE 1ST QUARTER ENDED ON MARCH 31, 2011 Closing Cash in hand & Bank Balances
    Opening Cash in hand & Bank Balances
    245,768,083 237,144,17
    INCOME:
    Current
    Previous
    553,1
    89,419
    (7,641,328
    1st Quarter1st Quarter

    UN-AUDITED BALANCE SHEET


    AS AT MARCH 31, 2011
    PARTICULARS
    AMOUNT IN TAKA
    31.03.2011
    CAPITAL & LIABILITIES :
    ShareCapital
    186,624,000
    Revaluation Reserve
    294,372,587
    Share Money Deposit Less Tax 548,232,344
    Reserve or Contingency & Fund 232,677,521
    Current Liabilities & Provisions
    164,812,912
    1,426,719,364
    TOTAL (TAKA)
    PROPERTY & ASSETS :
    Investment
    300,982,523
    Bank Deposit, Receivables & Other Accounts
    894,735,548
    Fixed Assets
    231,001,2
    93
    1,426,719,364
    TOTAL (TAKA)

    Premium Income less


    Re Insurance
    Re-Insurance Commission
    Investment & Other Income
    Un-expired Risk Adjustment
    Total (A)
    EXPENDITURE:
    Claim Paid & Due
    Commission & Expenses
    Total (B)
    Net Profit Before Tax (A-B)
    Less: Provision for Taxation
    Net Profit After Tax
    Basic Earnings Per Share

    35,872,471 31,765,725
    STATEMENT OF CHANGES IN EQUITY
    AS AT 31.03.2011
    7,351,822 5,582,448
    Share Retained Reserve Revaluation ProposedDividend
    9,372,910 6,940,290
    Particulars
    Capital Earnings & Fund Reserve Stock & Cash Total
    (1,152,193) 226,768
    at D 31, 2010 186,624,000 1,841,598107,007,740 294,372,587 55,987,200 645,833,125
    51,445,010 44,515,231 Balance as ecember
    6,874,120
    29,287,844
    36,161,964
    15,283,046
    2,500,000
    12,783,046
    6.85

    Addition of Reserve & Fund- 12,783,046 2,245,000 Balance at March 31, 2011 186,624,000 14,624,644107,007,740 294,372,587 55,987,200
    31,579,776
    Balance at March 31, 2010 155,520,000 10,721,128 93,759,876 294,372,587 31,104,000
    33,824,776
    10,690,455
    1,200,000
    9,490,455
    Mohammad Haroon
    Md. Habib Jamal,
    FCA
    Managing
    Company Secretary
    5.09

    12,783,046
    658,616,171
    585,477,591

    Patwary
    Directo

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