Baku, Azerbaijan, April 4
By Abbas Akhundov - Trend:
The assets of Azerbaijani insurance company Azərbaycan Senaye Sigorta as of 2013 amounted to 24.616 million manat compared to 15.919 million manat at the beginning of the year, according to the company's balance sheet.
Assets of the company increased by 54,63 percent.
The company's financial statements were audited by INTER-AUDIT.
The company's long-term assets as of late 2013 amounted to 3.46 million manat, short-term - 21.15 million manat.
The company accumulated 10.78 million manat in cash and cash equivalents in 2013. The company's deposit accounts amounted to 10.74 million manat in 2013.
The company's paid authorized capital during the year stood at 8.16 million manat, the same as in 2012. The company's net income amounted to 2.48 million manat in 2013.
The company's total capital as of 2013 totalled 11.18 million manat or by 29.72 percent more compared to 2012.
The company's total liabilities amounted to 13.44 million manat, increasing by 84 percent.
The company's revenues as of 2013 amounted to 13.08 million manat , expenses - 9.82 million manat.
Azerbaycan Senaye Sigorta was established by the Azerbaycan Senaye Bankı in December 1996 and is a member of Azersun Holding Group of Companies. In 2010, the bank transferred half its shares to the Azerbaijani company Anadolu Investments.
Anadolu investments affiliated with the Turkish company Anadolu Cam Investment, which specializes in the production of canned products. Anadolu investments owns 97 percent of Azerbaycan Senaye Banki.
The official exchange rate on April 4 is 0,7844 AZN / USD.
Translated by S.I.