Main results of activity of Foreign insurance company Kazakhinstrakh JSC (Kazakhstan) in year 2005

07.03.06 12:12
/IRBIS, Assel Omarova, March 7, 06/ - Foreign insurance company Kazakhinstrakh JSC (Almaty), within listing requirements, has presented to Kazakhstan stock exchange (KASE) its non-audited non-consolidated financial statement of for year 2005, prepared in compliance with international accounting standards. Similar indicators for year 2004 are given in parentheses. According to the presented data, the company's net profit for year 2005 totaled KZT596.9 m. and fell compared to year 2004 by KZT15.6 m. (KZT612.4 m.). According to data of Foreign insurance company Kazakhinstrakh JSC income from insuring activity for year 2005 reached KZT2,573.6 m. (KZT1,889.9 m.) while expenses on insurance payments totaled KZT1,107.4 m. (KZT1,050.3 m.). Assets of the company as at the end of 2005 were KZT3,826.3 m., whereas at the end of 2004 this indicator did not exceed KZT3,507.5 m. Equity capital as of December 31 of 2005 was KZT2,065.5 m. having grown by KZT591.8 m. At that, authorized capital in year 2005 remained unchanged at KZT540.0 m. (according to balance sheet, the company had no unpaid authorized capital). Full non-audited non-consolidated financial statement of Foreign insurance company Kazakhinstrakh JSC for year 2005 is available on KASE's web-site at http://www.kase.kz/emitters/kzis.asp Common shares of Foreign insurance company Kazakhinstrakh JSC are traded in KASE's official "A" listing category. Company's primary activities - insurance. [2006-03-07]