OREANDA-NEWS. September 04, 2009. Financial statements of OJSC Transsiberian Reinsurance Corporation for 2008, prepared in accordance with International financial reporting standards (IFRS) were published on the corporate site (www.transsibre.ru) under “Finances”. Internet users can now view the most important forms of financial statements, which characterize the Corporation’s performance. 

The audit of the statements was conducted by a CJSC Independent consulting group 2K-Audit – Business consultations in accordance with International Auditing Standards. According to the auditor’s conclusion, financial statements, drawn up in accordance with IFRS fully describe the Corporation’s financial performance as at 31 December, 2008 in all significant aspects, as well as cash flows for the stated period.

Transsiberian Re has been converting the Russian financial statements in accordance with international standards since 1999. The audit of the Corporation’s statements has been conducted since 2005. In the nearest future Transsiberian Re is planning to keep parallel accounting records in accordance with international and Russian accounting standards.

OJSC Transsiberian Re is one of the few companies of the Russian insurance market which draws up and publishes IFRS statements. One can look through the IFRS statements, drawn up for the last five years on Transsiberian Re corporate site.