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Finance 21/05/2011 Net income of Kapital Sug’urta hits 59.844m soums in 2010
Net income of Kapital Sug’urta hits 59.844m soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Net income of Kapital Sug’urta open joint stock company made up 59.844 million soums in 2010 against 70.794 million soums in 2009, the annual report of the company said.

The volume of received income from insurance premiums made up 9.452 billion soums, which is 24% more compared to 2009.

Income from rendered insurance services grew from 5.77 billion soums to 7.7 billion soums in 2010. Net revenue from rendered insurance service grew from 6.08 billion soums to 7.87 billion soums in 2010. Gross profit from rendered services surged from 1.238 billion soums in 2009 to 2.74 billion soums in 2010.

Prime cost of services reached 5.133 billion soums in 2010 against 4.843 billion soums in 2009, while expenses rose from 1.59 billion soums to 2.6 billion soums.

Income from financial activity exceeded 104.834 million soums and profit from main activity – 237.687 million soums.

Income from financial activity made up 214.708 million soums (681.1 million soums in 2009). Expenses fell from 324.484 million soums in 2009 to 293.76 million soums in 2010.

The company’s assets grew from 10.016 billion soums in 2009 to 11.878 billion soums in 2010. Long-term assets made up 5.006 billion soums in 2010 against 5.183 billion soums in 2009. Turnover assets surged from 4.833 billion soums to 6.872 billion soums in the reporting period.

Own capital of Kapital Sug’urta grew to 4.699 billion soums from 4.489 billion soums a year earlier. The charter capital made up 4 billion soums. Undistributed income rose from 70.79 million soums to 129.063 million soums.

Insurance reserves exceeded 7.11 billion soums in 2010 compared to 4.04 billion soums in 2009, the report said.

The company’s liabilities decreased from 1.791 billion soums in 2009 to 1.728 billion soums in 2010. Long-term liabilities fell from 415.42 million soums to 407.85 million soums in the reporting period. Current liabilities made up 1.32 billion soums in 2010 against 1.375 billion soums in 2009.

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