Azerbaijan, Baku, 1 May / Trend A.Akhundov /
Assets of Azerbaijan's Gunay Sigorta insurance company as of 2012 amounted to 4.795 million manat compared to 4.152 million manat at the beginning of the year, increasing by 15.5 per cent, the company's balance sheet published in the official press on Wednesday says.
Gunay Sigorta's financial statement was audited by independent auditor Vali Bayramov.
According to the balance sheet, by the end of 2012, the long term assets of the company amounted to 42.3 thousand manat, short term assets - 4.753 million manat.
In 2012, the company accumulated 4.54 million manat of cash and cash equivalents, including 217.3 thousand manat on a settlement account and 4.3 million manat on deposit accounts.
Gunay Sigorta's paid authorised capital stood at 4.2 million manat compared to 3.55 million manat in 2011.
The aggregate capital of the company comprised 4.19 million manat, increasing by 18 per cent compared to 2011.
Total liabilities of the company exceeded 600,000 manat, and the capital and liabilities together amounted to 4.795 million manat compared to 4.152 million manat at the beginning of 2011, increasing by nearly 15.5 per cent.
At the end of last year, the company's revenues amounted to 717.4 thousand manat, expenditures - 720 thousand manat. The company completed 2012 with a negative profit of 2,631 manat.
The sole shareholder of Gunay Sigorta operating since 1992 is Azerbaijan's joint-stock bank Gunay Bank.
The official exchange rate for May 1 is 0.7846 AZN / USD.