Azerbaijan Industry Insurance doubled short-term liabilities

Azerbaijan Industry Insurance doubled short-term liabilities
  • Clock-gray 09:20
  • calendar-gray 05 April 2017

In 2016 Azerbaijan Industry Insurance OJSC’s assets rose 1.3% to AZN 22,928,571.

 

Company says the long-term assets made up AZN 3,755,045, short-term assets AZN 19,173,526.

 

Authorized capital remained unchanged at AZN 11,000,000. Total capital grew AZN 9.6% to AZN 16,580,736.13.

 

Liabilities declined 15.5% to AZN 6,347,835. Long-term liabilities amounted to AZN 5,490,990, short-term liabilities to AZN 856,844.10.

 

Net profit stood at AZN 1,734,931.84.

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