Baku, Azerbaijan, April 2
By Abbas Akhundov - Trend:
Assets of the Azerbaijani State Insurance Commercial Company AzerSigorta, amounted to 34.76 million manat based on its performance in 2013 compared to 27.17 million manat at the beginning of the year which is an increase of 27.95 percent, according to the company's balance sheet.
The financial report of the company was audited by independent auditor E. Farajov.
The long term assets of the company amounted to 2.96 million manat and the short term assets were 31.8 million manat, according to the balance sheet.
In 2013, the company accumulated 10.17 million manat in cash and cash equivalents, including 5.5 million manat in debit accounts and 4.64 million manat in deposit accounts.
The paid -up authorised capital of AzerSigorta stood at seven million manat in 2013 compared to five million in 2012.
The aggregate capital of the company was 9.25 million manat at the end of 2013 increasing by 24,8 percent compared to 2012. The aggregate liabilities of the company stood at 25.51 million manat increasing by 29.12 percent.
The company's revenues on the results of last year amounted to 49.67 million manat and expenditure stood at 47.62 million manat. The company completed 2013 with a net profit of 2.06 million manat.
The State Insurance Company AzərSığorta was created in 1992 on the basis of the former Office of Public Insurance. It has 80 insurance agencies in all cities and districts of the republic.
The official exchange rate on April 2 is 0,7843 AZN / USD.
Translated by S.I.