Azerbaijan, Baku, April 1 / Trend, A. Akhundov
Assets of the Azerbaijani International Insurance Company on the results of 2012 constituted 22.2 million manat compared to 19.86 million manat in the beginning of the year, increasing by 11.78 percent, according to the balance sheet of the company published in official media on Monday.
The financial statement of the International Insurance Company is audited by "V.I.P - Audit" ltd.
According to the balance sheet, the long term assets of the company at the end of 2012 amounted to 5.66 million manat, and the short term ones - 16.54 million manat.
In 2012 the company accumulated 8.48 million AZN in cash and cash equivalents, including 7.5 million AZN at deposit accounts and 0.96 million AZN at the payment account.
The utilized authorized capital of the International Insurance Company didn't change during the year, reaining 8.8 million manat.
The aggregate capital of the company at the end of the last year was 8.87 million AZN having increased in comparison with 2011 by 5.5 percent.
The aggregate liabilities of the company exceeded 13.33 million manat, and capital and liabilities together totaled 22.2 million manat compared to 19.86 million manat in the beginning of the year, increasing almost by 11.78 percent.
The company's revenues on the results of last year amounted to 17.18 million manat, and expenditures - 16.44 million manat.
The company finished the year with a net profit of 574.7 AZN.
The company was created in 2002.
Official currency rate for April 1 is 0.7846 AZN/USD.