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Finance 22/04/2014 Net income of INGO-Uzbekistan reached 700.7m in 2013
Net income of INGO-Uzbekistan reached 700.7m in 2013
Tashkent, Uzbekistan (UzDaily.com) -- INGO- Uzbekistan received net income for 700.722 million soums in 2013 against 8.729 million soums in 2012.

According to balance sheet, net revenue reached 5.894 billion soums in 2013 compared to 3.779 billion soums in 2012.

The expenses of the period grew from 1.45 billion soums to 1.691 billion soums in the reporting period.

Income from financial activities decreased from 1.535 billion soums in 2012 to 1.529 billion soums in 2013, while expenses from financial activities – from 223.952 million soums to 158.739 million soums.

The assets of INGO-Uzbekistan rose from 13.181 billion soums in 2012 to 14.069 billion soums in 2013, the report said.

The fixed assets of the company were 370.531 million soums. Long-term investments exceeded 83.17 million soums and short-term investments – 12.1 billionsoums.

The charter capital exceeded 7.6 billion soums. The insurance reserves rose from 2.506 billion soums to 4.06 billion soums in the reporting period. Current liabilities reached 742.295 million soums in 2013. Undistributed income was 972.177 million soums.

INGO-Uzbekistan is one of the largest insurance companies of Uzbekistan with foreign capital. The founders of the company are InVestPolis (subsidiary of Ingosstrakh) – 90%, Bukhara Oil Refinery – 5% and Uzbekistan Havo Yollari – 5%.

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