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Azerenergy sees 4 times decline in profit

07 July 2015 13:46 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. In 2014, OJSC Azerenergy’s assets rose AZN 61,147 or 1.1% to AZN 5,580,058,000, APA-Economics reports quoting OJSC’s consolidated financial statement.

Long-term assets made AZN 4,985,087,000, sort-term assets – AZN 594,971.

In the structure of long-term assets, property, plant and equipments amounted to AZN 4,745,965,000.

Authorized capital remained unchanged at AZN 1,760,495,000, total capital surged ZAN 112,341,000 or 5.1% to AZN 2,313,921,000.

Liabilities dropped AZN 51.194 mln or 1.5% to AZN 3,266,317,000. Of this, AZN 2,020,082,000 made short-term liabilities, AZN 1,246,055,000 – long-term liabilities.

In the structure of long-term liabilities, long-term part of the loans and debts amounted to AZN 900.898 mln, deferred tax liabilities – AZN 215,336,000, state subsidies – AZN 88.631 mln, liability on decommissioning – AZN 38.571 mln, trade debts and other payables – AZN 2.619 mln.

Regarding short-term liabilities, short-term part of the loans and debts stood at AZN 609.692 mln, trade debts and other payables at AZN 628.832 mln, other tax liabilities except profit tax at AZN 415.901 mln, current profit tax liability at AZN 364.163 mln.

Azerenergy got AZN 19.594 mln-profit last year, while it ended 2013 with AZN 84.589 mln-profit.