16:25 - 16.03.2022

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March 16, Fineko/abc.az. The Agricultural Insurance Fund completed its first year of operation in 2020 with net loss of AZN 1.458 million.

Fund's financial report says that the pre-tax loss amounted to AZN 1.746 million and the savings on income tax AZN 288,000.

As of 1 January 2021, AIF’s assets totaled AZN 7.979 million. Of them, AZN 437,000 were formed at the expense of Fund's obligations and AZN 7.542 million at the expense of the balance sheet capital.

The AIF was established by the presidential decree from 19 August 2019. Its authorized capital is AZN 9 million.