Currency rates from 30/09/2024
$1 – 12715.42
UZS – -0.17%
€1 – 14190.41
UZS – -0.02%
₽1 – 137.00
UZS – -0.44%
Search
Finance 26/06/2013 Net income of insurance company Madad reaches 775.195m soums in 2012
Net income of insurance company Madad reaches 775.195m soums in 2012
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock company on insurance protection of entrepreneurship and small businesses Madad received net income at the size of 775.195 million soums in 2012 compared to 288.39 million soums of net loss in 2011.

According to the report, published in local mass media, net revenue from realization of insurance services reached 809.343 million soums in 2012 against 947.135 million soums in 2011.

The company’s expenses decreased from 894.958 million soums in 2011 to 887.752 million soums in 2012, the report said.

Income from financial activities exceeded 27.235 million soums in 2012 (73.822 million soums in 2011), while expenses from financial activities – 187,100 soums (43.69 million soums).

Profit from main activities reached 942.556 million soums in 2012 against loss at the size of 273.896 million soums in 2011.

The assets of the insurance company grew from 3.397 billion soums in 2011 to 3.86 billion soums in 2012. The long-term assets decreased from 2.28 billion soums to 1.973 billion soums in the reporting period. Current assets reached 1.887 billion soums in 2012 to 1.118 billion soums in 2011.

Own capital of Madad grew from 2.165 billion soums in2011 to 2.532 billion soums in 2012. The charter capital reached 2.1 billion soums.

Insurance reserves of the company fell from 625.833 million soums in 2011 to 462.39 million soums in 2012, the report said.

The company’s liabilities grew from 606.315 million soums in 2011 to 865.773 million soums in 2012, the report said.

Stay up to date with the latest news
Subscribe to our telegram channel