Account Receivables of Insurance Transactions

Statement

30/6/2016

30/6/2015

Outstanding Premiums

87486844

55173493

Insured Person Current Accounts

49404958

63288741

Postdated Cheques

23590554

77749803

Returned Cheques +  lawsuit in court

4377172

3547980

Total

164859528

199760017

Account receivables of insurance transactions

16281197

14779927

Net

148578331

184980090

 

 

 

 

 

 

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 2015/2016. The year collection portion amounted to 80.67% compared to 70% of the previous year 2014/2015