ANNUAL REPORT of ISSUER for YEAR 2019 Issuers Body, Approved the Report: Annual General Meeting of Shareholders Date of Approval: June, 26, 2020
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ANNUAL REPORT OF ISSUER FOR YEAR 2019 Issuers body, approved the report: Annual General Meeting of Shareholders Date of approval: June, 26, 2020 NAME OF ISSUER Full name: «KAFOLAT Insurance Company» Joint-Stock Company 10 Brief name: «KAFOLAT Insurance Company» JSC Ticker Symbol:* KFLT CONTACT INFORMATION Location : 13,13A, Amir Temur avenue, Mirabad district, Tashkent 2. Postal adress: 13,13A, Amir Temur avenue, Mirabad district, Tashkent, 100000 E-mail adress:* [email protected] Official website:* www.kafolat.uz BANK DETAILS Name of the servicing bank: National bank of Uzbekistan, Main operational branch 3. Account number:: 2021 0000 3019 4971 0001 МФО: 00407 REGISTRATION AND IDENTIFICATION NUMBERS ASSIGNED BY: Registering authority: 999 Organ of state tax service (ИНН): 202 288 236 The numbers assigned by the organ of state statistics: 4. КФС: 144 ОКПО: 16596762 ОKЭД: 65120 СОАТО: 1726266 INDICATORS OF FINANCIAL AND ECONOMIC CONDITION OF THE ISSUER ** Return on Charter Capital ratio: 0,19 Overall solvency coverage ratio: 3,18 5. Absolute liquid ratio: 0,11 Leverage ratio: 0,20 The ratio of own and borrowed funds: N/A ACCRUED INCOME AMOUNT ON SECURITIES IN THE REPORTING YEAR Common shares* In UZS per one share: 0,1637 as a percentage of the nominal value of 16,37 6. one share: Preffered shares* In UZS per one share: 0,25 as a percentage of the nominal value of 25,0 one share: Other securities* In UZS per one share: N/A as a percentage of the nominal value of N/A one share: ARREARS IN THE PAYMENT OF INCOME ON SECURITIES Common shares* for reporting period (in UZS): N/A for previous periods (in UZS): N/A Preffered shares* 7. for reporting period (in UZS): N/A for previous periods (in UZS): N/A Other securities * for reporting period (in UZS): N/A for previous periods (in UZS): N/A SHAREHOLDERS N Full names of persons or legal entities Equity share, % Management Agency State Assets 1. 41,51 Republic of Uzbekistan National Bank of Foreign Economic Activity of 2. 11,72 Uzbekistan 3. “GENESIS INNOVATON” LLC 25,00 4. SE Navoi Mining and Metallurgical Combine 7,77 8. 5. JSC Almalyk Mining and Metallurgical Combine 3,34 6. Uzbekinvest Sarmoyalari Investment Company 0,76 7. State Joint-Stock Commercial Bank "Asaka" (JSC) 0,51 8. IIC"Ishonch" Ltd. 1,72 9. Joint-Stock Commercial Bank "Aloqabank" 0,26 10. PC"Маnsur -М" 0,00 11. Insurance Company “Agros Hayot” 3,68 12. Persons 3,72 CHANGES IN THE COMPOSITION OF THE SUPERVISORY BOARD, AUDIT COMMITTEE OR EXECUTIVE BODY Elected Date of change (appointed) / Issuer’s body that removed (fired, N Full name. Position adopted a decision expiry of the date of date of entry to term of office) decision duties date of decision Extraordinary removed (expiry Chairman of the 1. July 16, 2019 June 29, 2018 Anvar Karimov general meeting of of the term of Supervisory board shareholders office) Extraordinary removed (expiry Member of the 2. July 16, 2019 June 29, 2018 Shukhrat Sattarov general meeting of of the term of Supervisory board shareholders office) Extraordinary removed (expiry December 14, Member of the 3. July 16, 2019 Feruza Khamidova general meeting of of the term of 2018 Supervisory board shareholders office) Extraordinary removed (expiry Asil Member of the 4. July 16, 2019 June 29, 2018 general meeting of of the term of Yusuphodzhaev Supervisory board shareholders office) Extraordinary removed (expiry Saidkahhor Member of the 5. July 16, 2019 June 29, 2018 general meeting of of the term of Kholkhuzhaev Supervisory board shareholders office) Extraordinary Farkhod Chairman of the 6. July 16, 2019 general meeting of Elected Tashpulatov Supervisory board shareholders 8. Extraordinary Member of the 7. Nodirbek Husanov general meeting of Elected July 16, 2019 Supervisory board shareholders Extraordinary Member of the 8. Nodirbek Daminov general meeting of Elected July 16, 2019 Supervisory board shareholders Extraordinary Dilorom Member of the 9. general meeting of Elected July 16, 2019 Begmatova Supervisory board shareholders Extraordinary Member of the 10. Sherzod Saliev general meeting of Elected July 16, 2019 Supervisory board shareholders Extraordinary Bakhtiyor Member of the 11. general meeting of Elected July 16, 2019 Rustamov Supervisory board shareholders Extraordinary Member of the 12. Azizbek Ayupov general meeting of Elected July 16, 2019 Supervisory board shareholders Extraordinary removed (expiry Fayzullo Member of Audit 13.July 16, 2019 June 29, 2018 general meeting of of the term of Berdiyev committee shareholders office) Extraordinary removed (expiry Member of Audit 14.July 16, 2019 June 29, 2018 Iskandar Khakimov general meeting of of the term of committee shareholders office) Extraordinary removed (expiry Member of Audit 15.July 16, 2019 June 29, 2018 Akmal Samatov general meeting of of the term of committee shareholders office) Extraordinary Shohbbos Member of Audit 16. general meeting of Elected July 16, 2019 Abduazimov committee shareholders Extraordinary Member of Audit 17. Oybek Turabekov general meeting of Elected July 16, 2019 committee shareholders Extraordinary Member of Audit 18. Feruz Gulyamov general meeting of Elected July 16, 2019 committee shareholders Annual General Saidolim Chairman of the 19. June 28, 2019 Meeting of Elected Nasretdinov Executive body Shareholders First deputy 20. Ravshan Narzullaev Chairman of the Supervisory board Elected July 16, 2019 Executive body Acting deputy Valentina 21. Chairman of the Supervisory board Elected July 16, 2019 Gribanova Executive body Akramjon Member of 22. Supervisory board Elected July 16, 2019 Sharobiddinov Executive body Rustam Member of 23. Supervisory board Elected July 16, 2019 Rayimzhonov Executive body GENERAL INFORMATION ON ISSUED SECURITIES IN THE REPORTING YEAR *** Issuer’s body that adopted a decision on General Meeting of Shareholders issue: Type of security: Non-documentary shares Number of securities: 1 738 016 925 The nominal value of one security: 1 UZS 9. State registration date: October 25, 2019 State registration number assigned to the issue: Р0061-19 Method of placement: Private Date of placement: October 25, 2019 End of placement: October 25, 2020 ESSENTIAL FACTS IN THE ISSUER’S ACTIVITIES 10 FOR THE REPORTING YEAR . Code of an essential Date of publication of the # Name of an essential fact Date of an essential fact fact essential fact Decisions taken by the 06 July 18, 2019 July 18, 2019 1 issuer's supreme managing body Change in the Supervisory 08 July 18, 2019 July 18, 2019 2 Board Change in the Audit 08 July 18, 2019 July 18, 2019 3 Committee Change in the Executive 08 July 18, 2019 July 18, 2019 4 body Change in the Executive 08 July 06, 2019 July 08, 2019 5 body Accrual of an income on 32 July 06, 2019 July 08, 2019 6 securities Changes in the list of 36 July 18, 2019 July 18, 2019 7 affiliated persons 8 Issue of securities 25 October 25, 2019 October 29, 2019 Decisions taken by the 9 issuer's supreme managing body 06 July 06,2019 July 08,2019 BALANCE SHEET FOR INSURANCE COMPANIES (thousand UZS) 11. The name of indicators Line As of beginning of As of the end of the code the reporting period reporting period 1 2 3 4 ASSETS I. Long term assets Fixed assets Historical (replacement) cost (0100, 0300) 10 44 442 821,9 50 706 353,6 Accumulated depreciation (0200) 11 13 183 566,8 16 330 341,4 Property, plant and equipment, net (lines 010-011) 12 31 259 255,1 34 376 012,2 Intangible assets: Historical cost (0400) 20 277 565,7 277 565,7 Accumulated amortization (0500) 21 210 384,9 246 049,6 Intangible assets, net (lines 020-021) 22 67 180,8 31 516,1 Long-term investments, total (lines 30 51 390 691,3 80 916 805,7 040+050+060+070+080), including: Intangible assets: Securities (0610) 40 34 461 539,9 46 190 013,0 Investments in daughter business entities (0620) 50 0,0 0,0 Investments in dependent business entities (0630) 60 0,0 0,0 Investments in entities with foreign capital (0640) 70 0,0 0,0 Other long-term investments (0690) 80 16 929 151,4 34 726 792,7 Equipment for installation (0700) 90 0,0 0,0 Capital Expenditure (0800) 100 0,0 0,0 Long-term accounts receivable (0910, 0920, 0930, 110 12 470,1 8 725,5 0940) Long-term deferred expenses (0950, 0960, 0990) 120 4 285 781,6 5 844 635,9 Total by section I (lines 130 87 015 378,9 121 177 695,4 012+022+030+090+100+110+120) II. Current assets Inventories, total (lines 150+160), including:: 140 1 006 957,2 1 068 762,6 Raw materials (1000, 1100, 1500, 1600) 150 1 006 957,2 1 068 762,6 Work-in-process (2000, 2100, 2300, 2700) 160 0,0 0,0 Prepaid expenses (3100) 170 2 426 981,1 430 126,2 180 0,0 0,0 Deferred expenses (3200) Debtors, total (lines 190 19 408 669,6 28 930 678,3 200+310+320+330+340+350+360+370+380+390) of this: overdue* 191 750 000,0 750 000,0 Accounts payable, total (lines 210+220-400) 200 8 990 932,5 14 036 461,5 Receivables from buyers and customers (4010, 4020) 210 0,0 0,0 Debtors on insurance operations, total (lines 220 8 990 932,5 14 036 461,5 230+240+250+260+270+280+290+300) Receivables from insurants (4030) 230 913 261,5 614 487,4 Receivables from insurance agents and brockers 240 3 312 906,3 3 761 052,1 (4040) Receivables from reinsured legal entities (4050) 250 4 764 764,7 9 660 922,0 Receivables from reinsurers by bonuses, fees etc.