The Agriculture and Agrarian Insurance Board is responsible for protecting local agriculture and agriculturists in the face of unpreventable natural disasters caused by climatic and weather changes. The Board operates through five main segments: Operations, Insurance, Farmers’ Pension Division, Planning, and Administrative and Finance. The Operations Division is involved in operating insurance schemes with the objective of supporting local agriculture and agriculturists. These schemes include crop insurance schemes and livestock insurance schemes, amongst others. The Insurance Division deals with the compensation payments and disbursement of funds to farmers. The Farmers’ Pension Division is tasked with the payment and coordination of farmers’ pensions and their death and disability benefits. The Planning Division plays a crucial role in the preparation of the corporate plan, the action plan and all institutional plans incorporating the future programme of work expected to be implemented by the Board and is responsible for addressing all requirements in the implementation of plans so designed. The Administrative and Finance team is involved in all other administrative and funding work. Established in 1973, the Board is headquartered in Nugegoda, Sri Lanka.
Agriculture and Agrarian Insurance Board
Type
State Owned Enterprise
Industry
Insurance
ROA
-52.9
Governance
20.8
Profits/Losses
LKR 1,257,000
Governance Indicators
A systematic measure of how well this SOE is managed.
2017
Year of the most recent Annual Report available online
1
Have Annual Reports for the last five years been tabled in Parliament?
1
Does the Annual Report include the mandatory provisions set out in the PED guidelines?
1
Is the Audit Clean / Qualified / Disclaimer?
0
Is the information pertaining to the RTI officer available on the website?
0
Does the SOE respond to an RTI within the timeframe specified in the Act?
0
Does the SOE have a website?
0
Does the SOE website contain sufficient organtisational details?
0
Does the SOE website contain tender and procurement details?
Annual Report
Auditing Standards
Rights to Information
Accessibility of Information
Interpretation of the indicators
Good
2
Average
1
Bad
0
Financials
Available Financial data for the last few years.
| Year | Turnover (LKR) | Total Assets | Profit/Loss | Total Debt | Total Liabilities | Total Equity | Operational Profits | ROA |
|---|---|---|---|---|---|---|---|---|
|
2020
|
3,749,000
|
Data Not Available | 1,257,000 | Data Not Available | Data Not Available | Data Not Available | Data Not Available |
Data Not Available
|
|
2019
|
4,684,000
|
Data Not Available | 627,000 | Data Not Available | Data Not Available | Data Not Available | Data Not Available |
Data Not Available
|
|
2018
|
4,681,000
|
Data Not Available | 669,000 | Data Not Available | Data Not Available | Data Not Available |
669,000
|
Data Not Available
|
|
2017
|
546,963,945
|
3,149,676
|
-3,895,418 |
67,679,381
|
71,490,462
|
-68,340,786
|
-7,850,529
|
-148.2
|
|
2016
|
1,067,818
|
2,105,611
|
284,215 |
63,751,922
|
67,327,685
|
-65,222,074
|
-2,047,668
|
14.8
|
|
2015
|
1,361,307
|
1,115,408
|
-258,347 | Data Not Available |
287,214
|
828,194
|
-2,237,746
|
-25.1
|