Download - Difference in Balance Sheet Items Between Eastern Bank and Nitol Insurance Company Limited
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Difference in balance sheet items between Eastern Bank
and Nitol insurance company Limited
Cash and balances
EBL has different items of cash .They have cash in hand including local currency and foreign
currency. Their local currency reserved in Bank and with their subsidiaries. According to
central bank policy, They maintain statutory liquidity ration (SLR) of minimum 19% based
on weekly average demand and time liabilities of immediate preceding two months.EBL also
maintain a CRR of minimum 5.5% on daily basis based on weekly average demand and time
liabilities of immediate preceding two months.
In current deposit accounts with -
Agrani bank,Janata Bank,Bangladesh Krishi Bank,The Trust Bank limited ,AB Bank
limited,Trust bank ltd ,Sonali bank,National bank,The citybank,Rupali bank,Islami bank
ltd.Pubali bank,United commercialbank,Dutch bangla bank,BRAC bank,NCC bank.
In special notice deposit accounts with-
Sonali bank ltd. Janata bank ltd. Agrani bank ltd. Bank Asia ltd. Basic bank ltd. Banglades krishi bank ltd.
Balance Outside in Bangladesh
The Bank of Tokyo Mitsubishi. Tokyo Standard Charted Bank Nepal Bangladesh Bank limited HSBC, New York etc
On the other hand, Nitol insurance company has different cash items of.they have cash in
hand, cash at different banks and fixed deposit with different banks like :
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Agrani bank Janata Bank Rupali bank Sonali bank Brac United commercial
Money at call and short notice
With banking companies-
Jamuna Bank Limited Prime Bank Limited
With Non Banking Financial Institution
People Leasing And Financial Service Limited Lanka Bangla Finance limited.
On the other hand, Nitol insurance company has not any Money at call and short notice
Investment
Government (investment in government securities)
Treasury bills Bonds : 5 year treasury bonds and 10 year treasury bonds Prize bonds
They have also investment in-
Debentures ( investment corporations in Bangladesh ( ICB)and house buildingfinance corporation (HBFC)
Corporate bonds (Orascom bonds and trust bank subordinated bond). Ordinary shares ( quoted and unquoted) Preference shares
On the other hand, the basic investment policy of this insurance company is that they mainly
invest on share market. They have share on:
Grameen phone Lanka bangla Modern cement Dhaka bank ltd. Pubali bank ltd.
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Fixed Assets
Fixed assets of EBLS are Freehold land development, buildings on freehold land, machinery
and equipment, computer and network equipments, furnitures and fixtures, vehicles, leasedassets, software etc.
On the other hand, Furnitures & fixtures, office equipment, computers, air-conditioner,
refrigerator, telephone installation, office car, electrical equipment, office space.
Balance of funds and accounts
Nitol insurance company basically generate fund from
Fire Insurance business Marine Insurance Business Miscellaneous Business
The Basic Difference Between two companies that one is Bank thats their business is mainly
on deposit and other account
Current deposit Saving bank deposit Fixed deposit. Bearer certificates deposit
They basically invest on share and bond market in huge capital on generates business- Fire
insurance, Motor insurance, and Marine insurance.
EBL has Balance in Bangladesh payable on demand in One bank limited,Citibank na,Dutch-
bangla bank ltd,Gps finance ltd.,Premier bank ltd Pubali bank ltd,IPDCBD ltd,Habib bank
ltd,Janata bank ltd,sonali bank bank ltd,State bank ltd,HSBC.
Term borrowings on Sonali bank ltd,Uttarabank ltd.Bangladesh commerce bank ltd,Unitedcommercialbank,Trust,Jamuna,Citibankbank ltd.,Peoples leasing and financial services
Balance outside in Bangladesh: non interest bearing
Standard chartered bank, new York Citibank NA Mashreqbank Jp morgan chase jp morgan chase bank ,Frankfurt Wachovia bank Habib American Standard chartered new York OBU
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% of holdings shares
Slab wise list:
2010
Shareholders group No. of shares ( %) of shareholding
directors 10,026,490 3.43%
General public 253,514,160 86.80%
Financial institutions 28,540,490 9.77%
2011
Shareholders group No. of shares ( %) of shareholding
directors 30,480,330 6.73%
General public 377,809,189 83.45%Financial institutions 44,436,248 9.82%
Nitol has-
Shareholders group No. of shares ( %) of shareholding
Sponsors & directors 7,560,000 40%
General public 11,340,000 60%
Borrowings
EBL borrows fund from different banks, financial institutions and agents it includes balance
in Bangladesh bank and outside of the Bangladesh. As a bank they have different deposits
accounts through they full fill their fund requirements. On the other hand, Nitol also borrow
from different banks and financial institutions.
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Nitol insurance company
Comparison between 2010 and 2011 balance sheet items
Issued, subscribed and paid up capital
In 2011, Issued, subscribed and paid up capital was 189000000. In 2010, it was 168000000.
So we can say that Issued subscribed and paid up capital increased by 12.5% in 2011.
Reserve
Reserve for exceptional losses, general reserve and profit and loss appropriation was
97219242 in 2010. On the other hand, it was increased by 105761783in 2011.So, total reserve
increased by 8542541 or 8.786882951% in 2011.
155
160
165
170
175
180185
190
195
2010 2011
Paid Up Capital (BDT Million)
Paid Up Capital (in
Million)
12.5%
168
189
92
94
96
98
100
102
104
106
108
2010 2011
Reserve (in Million)
Reserve (in Million)
8.79%
97.22
105.76
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Balance of funds
Balance of fire insurance, Marin insurance, motor insurance and miscellaneous insurance was
109086161in 2010. In contrast, it was increased by 107348089 in 2011. So balance of funds
decreased by 1738072 or 1.593302014%.
Premium
Premium deposit was 8262650 in 2010. On the other hand, premium deposit was 9885507 in
2011. So we can conclude that premium deposit increased by 1622857 or 19.64087793% in
2011.
106
106.5
107
107.5
108
108.5
109
109.5
2010 2011
Balance of funds (in Million)
Balance of funds (in Million)
109.09
107.35
1.59%
7
7.5
8
8.5
9
9.5
10
10.5
2010 2011
Premium (in Million)
Premium (in Million)
8.26
9.89
19.64%
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Dividend
Total dividend provided by the company was 21000000 in 2010. In contrast, it was 24570000
in 2010. So dividend increased by 3570000 or 17% in 2011.
Liabilities and provision
The total amount of liability in 2010 was 32391729 in which includes outstanding claims,
and amount due to other persons or bodies carrying on insurance business. It was reached
48390997 in 2011. So, liabilities and provision increased by 15999268 or 49.39306574% in
2011.
19
20
21
22
23
24
25
2010 2011
Dividend (in Million)
Dividend (in Million)
21
2
4.57
17%
0
10
20
30
40
50
60
2010 2011
Liabilities & Provision (in Million)
Liabilities & Provision (in
Million)
32.39 4
8.39
49.39%
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Sundry creditors
The total amount of sundry creditors was 68760614 in 2010 in which includes outstanding
and accruing express. It was 69294303 in 2011. So, sundry creditors increased by 533689 or
0.776155082% in 2011.
Investment
Companys total investment in 2010 was 13344843 in which includes national investment of
900000 and shares of 4344843.on the other hand, in 2011, total investment was 12094843 in
which contains national investment of 9000000 and shares 3094843. So we can conclude that
investment decreased by 1250000 or 9.366914245% in 2011.
68.4
68.6
68.8
69
69.2
69.4
2010 2011
Sundry Creditors (in Million)
Sundry Creditors (in Million)
68.76
69.29
0.78%
11.4
11.6
11.8
12
12.2
12.412.6
12.8
13
13.2
13.4
13.6
2010 2011
Investment (in Million)
Investment (in Million)
13.34
12.09
9.37%
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Interest, dividends and rent receivables
The total amount of interest, dividends and rent receivables was 11397491 in 2010. But in
2011, it was 13834125 in 2011.So we can say that interest, dividends and rent receivables
increased by 2445634 or 21.45765239% in 2011.
Sundry debtors
The total amount of sundry debtors was 136091605 in 2010. In 2011, it was 155657109.
Sundry debtors increased by 19565504 or 14.37671633% in 2011.
0
2
4
6
810
12
14
16
2010 2011
Interest, Dividend & Rent Receivables (in
Million)
Interest, Dividend & Rent
Receivables (in Million)11.4
13.83
21.46%
125
130
135
140
145
150
155
160
2010 2011
Sundry Debtors (BDT Million)
Sundry Debtors (BDT
Million)
136.09
155.66
14.38%
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Cash and bank balance
Cash and bank balance amount was 263174567 in 2010 in which includes cash at banks,
fixed deposit with banks and cash in hand, it was 297762263 in 2011.So, cash and bank
balance increased by 34587696 or 13.14249184% in 2011.
Fixed assets
The total amount of fixed assets was 79652196 in 2010.But in 2011, it was 73312802. So
fixed Assets decreased by 6339394 or 7.958843972% in 2011.
240
250
260
270
280
290
300
310
2010 2011
Cash and bank balance (BDT Million)
Cash and bank balance
(BDT Million)
263.17
297.76
13.14%
70
71
72
73
74
75
76
77
78
79
80
81
2010 2011
Fixed Assets (BDT Million)
Fixed Assets (BDT Million)79.65
73.31
7.96%
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Comparison between 2010 and 2011 balance sheet items
Assets
Cash
The Cash amount was 3681327496 in 2010 in which includes cash at banks, fixed deposit
with banks and cash in hand; it was 6022765771 in 2011.so, cash and bank balance increased
by 2341438275 or 60.60309637% in 20
0
1000
2000
3000
4000
5000
6000
7000
2010 2011
Cash (BDT Million)
Cash (BDT Million)
3681.33
6022.77
60.60%
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Balance with other banks and financial institution:
In 2010, Balance with other banks and financial institution was 4731742233. In 2011, it was
3682144044. The amount of Balance with other banks and financial institution decreased by
22.18206608 %
Investments
In 2010, EBLs investment amount was 9827197073. In 2011, it was reached 16910527988.
So, we can say that investment Increased by 72.07885274% in 2011.
0
1000
2000
3000
4000
5000
2010 2011
Balance with other banks and financial
institution Fixed Assets (BDT Million)
Balance with other banks and
financial institution Fixed Assets
(BDT Million)4731.74
3682.14
22.18%
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
2010 2011
Investments (BDT Million)
Investments (BDT Million)
98
27.20
16910.53
72.08%
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Loans and advances
In 2010, the amount of loans and advances was 58607085693.in 2011, it was
81057922762.So, loans and advances Increased by 38.30737667% in 2011.
Fixed assets
The total amount of fixed assets was 3626121162 in 2010.But in 2011, it was 4465566721.So, fixed Assets decreased by 839445559 or 23.14995891% in 2011.
0
10000
20000
30000
40000
50000
60000
70000
80000
90000
2010 2011
Loans and advances (BDT Million)
Loans and advances (BDTMillion)
58607.09
810
57.92
38.31%
0
500
1000
1500
20002500
3000
3500
4000
4500
5000
2010 2011
Fixed assets (BDT Million)
Fixed assets (BDT Million)
3626.12
4465
.57
23.15%
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Liabilities and shareholders equity
Borrowings from other banks, financial institutions and agents
In 2010, the amount of Borrowings from other banks, financial institutions and agents
Were 9,257,404,358 in 2010. On the other hand, it reached at 21,652,484,276 in 2011. So,
Borrowings from other banks, financial institutions and agents increased by 133.8936859%
Deposit and other accounts
In 2010, the amount of Deposit and other accounts were 56105405810. In contrast 2011, it
was reached at 75203463872.So, the amount of Deposit and other accounts were increased by
34.03960418% in 2010.
0
5000
10000
15000
20000
25000
2010 2011
Borrowings from other banks,
financial institutions (BDT Million)
Borrowings from other
banks, financial
institutions (BDT Million)
9257.4
21652.48
133.89%
0
10000
20000
30000
40000
50000
60000
70000
80000
2010 2011
Deposit and other accounts (BDT
Million)
Deposit and other
accounts (BDT Million)
56105.41
75203.46
34.04%
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Total Shareholders Equity
In 2010,the amount ofTotal Shareholders Equity was 12257444389. On the other hand, it
was 14592202592. We can say that the amount ofTotal Shareholders Equity
19.047675534% in 2011.
Total Liabilities
In 2010, the amount of total liabilities was 70273534050 in 2010. In contrast 2011, it was
102972118140.So, the amount of total liabilities 46.5304392922% in 2011.
11000
11500
12000
12500
13000
13500
14000
14500
15000
2010 2011
Total Shareholders Equity (BDT Million)
Total Shareholders Equity
(BDT Million)
12257.44
14592.2
19.05%
0
20000
40000
60000
80000
100000
120000
2010 2011
Total Liabilities (BDT Million)
Total Liabilities (BDT
Million)
70273.53
102972.12
46.53%
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