Bank Of Baku

Xalg Insurance ends Q1 on loss

Xalg Insurance ends Q1 on loss
# 31 May 2016 15:37 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of April 1, 2016, Xalg Insurance’s assets stood at AZN 51,581,738.19, down 0.83% from previous year.

 

Company says the long-term assets made AZN 1,336,718.04, short-term assets AZN 50,245,020.12.

 

Liabilities soared 2.3 times to AZN 28,935,324.91. Long-term liabilities amounted to AZN 28,910,507.40, short-term liabilities to AZN 24,817.25.

 

Authorized capital remained unchanged at AZN 32,516,000. Total capital stood at AZN 646,413.25.

 

The company ended the first quarter on AZN 16,778,724.79-loss.

 

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