Silk Way Insurance sharply increases liabilities

Silk Way Insurance sharply increases liabilities
  • Clock-gray 14:52
  • calendar-gray 25 October 2016

Baku. Yegane Lachinzade - APA-Economics. As of October 1, 2016, Silk Way Insurance’s assets stood at AZN 43,810,962, up 40.1% from previous year.

 

Company says the long-term assets made AZN 285.208 million, short-term assets AZN 43,525,754.

 

Authorized capital remained unchanged at AZN 14,770,000. Total capital grew AZN 43.5% to AZN 24,835,137.

 

Liabilities soared 43% to AZN 18,975,824.

 

Incomes stood at AZN 20,402,315.51, expenditures at AZN 18,371,408.37, net profit at AZN 2,030,907.14.

 

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