Baku, Azerbaijan, March 31
By Abbas Akhundov - Trend:
Assets of the Azerbaijani International Insurance Company amounted to 22.28 million manat on the results of its activity in 2013, compared to 22.22 million manat in the beginning of the year, increasing by 0.36 percent, according to the balance sheet of the company posted in the local media on March 29.
The financial statement of the International Insurance Company was audited by Premium Audit LLC.
The long term assets of the company amounted to 6.43 million manat at the end of 2013, and the short term assets - 15.84 million manat, according to the balance sheet.
In 2013 the company accumulated 7.38 million manat in cash and cash equivalents, including 0.46 million manat in debit accounts and 6.89 million manat - in deposit accounts.
The paid -up authorized capital of the International Insurance Company stood at 8.8 million manat in 2013, which is the same as the 2012 level.
The aggregate capital of the company was 9.75 million manat at the end of the last year increasing by 9.92 percent compared to 2012. The aggregate liabilities of the company made up 12.53 million manat, decreasing almost by 6 percent.
The company's revenues on the results of last year amounted to 16.15 million manat, and expenditures - 16.07 million manat. The company completed 2013 with a net profit of 15.400 manat.
The company was created in 2002.
Official currency rate on March 29 is 0.7843 AZN/USD.
Translated by S.I.
Edited by C.N.