Baku, Azerbaijan, April 3
By Abbas Akhundov -Trend:
The assets of Azerbaijani insurance company Atesgah Heyat as of 2013 amounted to 43.951 million manat compared to 27.013 million manat at the beginning of the year, according to the company's balance sheet.
Assets increased by 62.7 percent for the company during the year.
The company's financial statements were audited by LB Audit Xidmeti.
The company's long-term assets as of late 2013 amounted to 1.3 million manat, short-term - 42.65 million manat.
The company's deposit accounts amounted to 36.29 million manat in 2013.
There is 1.97 million manat on the company's settlement account, and 0.39 million manat in state securities.
The company accumulated 38.33 million manat in cash and cash equivalents in 2013.
The company's paid authorized capital during the year remained unchanged at four million manat.
The company's total capital as of 2013 totaled 5.63 million manat or by 18.44 percent more compared to 2012.
The company's total liabilities amounted to 38.32 million manat, increasing by 72.17 percent.
The company's revenues as of 2013 amounted to 11.34 million manat , expenses - 9.94 million manat.
The company's net income in 2013 amounted to 1.12 million manat.
Atesgah Heyat was established in early 2008. Its only founder is Atesgah insurance company (stock-holders: I.S.R. Holding Ltd, SOCAR and RAN-Eksim).
The official exchange rate is 0.7843 AZN/USD on April 3.
Translated by NH
Edited by CN