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Long-term assets of Azerbaijani insurance company decreases

Business Materials 30 March 2018 10:39 (UTC +04:00)

Baku, Azerbaijan, March 30

By Ilkin Shafiyev – Trend:

Long-term assets of Azerbaijan’s insurance company “İpək Yolu Sığorta” decreased as compared to early 2017 (1.29 million manats) and amounted to 257,800 manats as of January 1, 2018, according to the company’s financial report.

Short-term assets of the company increased by 4.4 million manats and totaled 39.7 million manats in the period.

Total assets of the company increased by 3.6 million manats up to 39.9 million manats.

As of January 1, 2018, insurance reserves of the company amounted to 7.2 million manats, increasing by 146,000 manats as compared to early 2017.

Meanwhile, as of January 1, 2018, the company’s total liabilities totaled 15.6 million manats, increasing by 5.8 million manats as compared to early 2017.

(1 USD = 1.7 AZN on March 30)

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