Account Receivables of insurance transactions

Statement

30/6/2015

30/6/2014

Outstanding Premiums

55173493

47272415

Insured Person Current Accounts

63288741

72651497

Postdated Cheques

77749803

62691400

Returned Cheques +  lawsuit in court

3547980

3414364

Total

199760017

186029676

Account receivables of insurance transactions

14779927

13265410

Net

184980090

172764266

 

 

 

 

 

 

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 2014/2015. The year collection portion amounted to 70% compared to 65% of the previous year 2013/2014