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E&Y: SOCARâ€™s assets increased 4.4%

01 July 2015 09:56 (UTC +04:00)

Baku - APA-Economics. As of January 1, 2015, the assets of the State Oil Company of Azerbaijan (SOCAR) stood at AZN 24.067 bln, APA reports quoting consolidated financial statement of Ernst&Young.

According to statement, the assets increased 4.4% in 2013.

Long-term assets in the structure of assets made AZN 16.269 bln, current assets – AZN 1.492 bln.

In the structure of long-term assets, the fixed assets amounted to AZN 12.134 bln, investments in joint ventures – AZN 1.127 bln, investments in associates – AZN 1.280 bln, deferred tax asset – AZN 514 mln.

In the structure of current assets, trade and other receivables stood at AZN 4.739 bln, cash and cash equivalents – AZN 1.492 bln, inventories – AZN 1.155 bln.