Qala Insurance gets rise in liabilities

Qala Insurance gets rise in liabilities
# 02 April 2018 08:27 (UTC +04:00)

In 2017, Qala Insurance OJSC’s assets increased by 37% to AZN 15,050,038.12.

Company says the long-term assets made up AZN 1,009,451.87, short-term assets AZN 14,040,586.25.

Liabilities rose 2.51-fold to AZN 7,778,118.58, including long-term liabilities amounted to AZN 6,581,880.18, short-term liabilities to AZN 1,196,238.40.

Authorized capital remained unchanged at AZN 8,050,000. Total capital dropped by 7.84% to AZN 7,271,919.54.

Incomes stood at AZN 10,659,461.96, expenditures at AZN 28,825,720.52.

The company ended 2017 on loss of AZN 618,908.03.

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