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Assets of Azerbaijani insurance company ups 20% in 2008

Business Materials 2 May 2009 15:46 (UTC +04:00)

Azerbaijan, Baku, May 2 / Trend , U.Ismayilova/

As for 2008, assets of the Azerbaijani insurance company Fidan Sigorta hit 1.44 million. This represents an increase of 17.9 percent compared to 2007.

Company's long-term assets totaled 570,500 manat (increase 3.8 times) and short-term assets - 875.6 million manat (decrease 19.4 percent). Company's deposit accounts made up 783,000 manat.

Fidan Sigorta's paid authorized capital hit 1million manat and net profit reached 45,390 manat. Company's capital increased by 1.045 million manat.

In 2008, company's long-term liabilities made up 329,300 manat and short-term liabilities - 71,437 manat.

As for 2008, company's incomes totaled 476,330 manat and expenditure - 392,100 manat.   

Company's deduction on profit tax was 10,530 manat, income-tax - 8,860 manat and other taxes - 1,570 manat.   

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