Bank Of Baku

53% of SOFAR total incomes directed to charges

53% of SOFAR total incomes directed to charges
# 18 November 2011 15:03 (UTC +04:00)
SOFAR says collection o charges is one of the main duties of Fund since it established. So that the 25% of Fund’s receipts was directed to the charges during the years, excluding 2006 (graphic).

According to graphic, the 99.7% of Fund’s incomes directed to charges in 2001, 69.3% - 2002, 33.7% - 2003, 45.9% - 2004, 61% - 2005, 5.4% - 2006, 46.7% - 2007, 60.2% - 2008, 36.2% - 2009, 48.2% - 2010 and 60.8% - 2011.

Fund says SOFAR receipts made $ 63.8 bln in 2001-2011 (November 15, 2011). $ 33.7 bln or 52.8% of this was directed to charges. At the same time, 2.2% or $ 1.4 bln was incomes from funds management.


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