Financial Indicators 2014
Statement |
30/6/2014 |
30/6/2013 |
Outstanding Premiums |
47272415 |
36503274 |
Insured Person Current Accounts |
72651497 |
46361797 |
Postdated Cheques |
62691400 |
25538044 |
Returned Cheques + lawsuit in court |
3414364 |
3289884 |
Total |
186029676 |
111692999 |
Account receivables of insurance transactions |
13265410 |
11042105 |
Net |
172764266 |
100650894 |
It is worth noting that, the increase of insurance debt balance this year due to previous year is caused by giving credit facilities for some of distinguished customers. Although the strong competition in the market, economic situation and political conditions of the country, management of the company did its utmost to enhance the collection of due amounts for fiscal year 2013/2014. 35.2 million LE is collected in first quarter of fiscal year 2014/2015.