Baku, Azerbaijan, April 8
By Abbas Akhundov - Trend:
Assets of the Azerbaijani Era Trans Sigorta insurance company, amounted to 6.8 million manat based on the performance in 2013 compared to 6.65 million manat at the beginning of the year which is an increase of 2.3 percent, according to the company's balance sheet.
The financial statements of the company were audited by independent auditor E. Mammadov.
The long term assets of the company amounted to 1.33 million manat at the end of 2013 and the short term assets were 5.47 million manat, according to the balance sheet. In 2013, the company accumulated 5.44 million manat in cash and cash equivalents, including 4.98 million manat in deposit accounts.
The paid -up authorized capital of the company stood at 5.7 million manat in 2013, compared to 5.27 million manat at the end of 2012. The company ended 2013 with a net profit of 347,000 million manat. The aggregate capital of the company was 6.07 million manat increasing by 7.24 percent compared to 2012. The aggregate liabilities of the company made up 0.73 million manat, decreasing by 23 percent.
The company's revenues on the results of last year amounted to 1.43 million manat and expenditure stood at 0.99 million manat.
Era-trans has been operating since 1994. It renders services on 24 types of voluntary and four types of compulsory insurance.
The official exchange rate on April 8 is 0.7844 AZN / USD.
Translated by S.I.
Edited by C.N.
