NOTES	MARINE CARGO TAKA	MARINE HULL TAKA	2009 TAKA	2008 TAKA
Claim Under policies less re-insurance		2,370,681	33,921	2,404,602*	11,842,070
Paid during the year	23	12,540,809	33,921	12,574,730	6,378,953
Add: Total estimated liability in respect of outstandng claims at the end of the year whether due to intimated		3,816,182	-	3,816,182	13,986,310
		16,356,991	33,921	16,390,912	20,365,263
Less:Outstanding claims at the end of the previous year		13,986,310	-	13,986,310	8,523,193
Agency commission		8,659,445	185,730	8,845,175	7,597,124
Management expenses	24	12,098,083	259,483	12,357,566	9,930,209
Profit for the year transferred to profit and Loss Account		16,176,565	-	16,176,565	6,516,013
reserve for unexpired risk being 40% premium income of the year		15,644,357	226,996	15,871,353	13,633,514
Balance of account at the begining of the year
Reserve for unexpired risk		13,583,398	50,116	13,633,514	13,613,025
Premium less re-insurance	25	39,110,893	226,996	39,337,889	34,008,611
Commission on re-insurance ceded		2,254,840	109,136	2,363,976	1,832,331
Profit Commission		-	19,284	19,284	-
Loss for the year transferred to Profit and Loss Account		-	300,598	300,598	64,963
Total:		54,949,131	706,130	55,655,261	49,518,930

Sd/-	Sd/-	Sd/-	Sd/-	Sd/-
Shah Abul kashem	Wahidul Haque Siddique	Aftab ul Islam,FCA	AHM mustafa Kamal,FCA,MP	Zoha Zaman Kabir Rashid & Co.
Managing Director	Director	Director	Chairman	Chartered Accounts