Bank Of Baku

PwC: SOFAR increased assets by 5%

PwC: SOFAR increased assets by 5%
# 04 June 2014 14:45 (UTC +04:00)

Baku – APA-Economics. The assets of the State Oil Fund of Azerbaijan rose 5.3% to AZN 28,307,456,000 last year, APA reports quoting report of the PricewaterhouseCoopers international audit company.

 

According to report, the Fund’s current assets rose 4.1% to AZN 27,085,890,000 last year, long-term assets surged 39.3% to AZN 1,221,566,000. Investments in the joint ventures made AZN 168.966 mln.

 

SOFAR’s liabilities increased by 65.7% to AZN 7.882 mln.

 

Fund’s capital grew 5.2% to AZN 28,299,574,000. Along with this, capital investment went up 3.2% to AZN 27,794,666,000.

 

Operation revenues stood at AZN 556.336 mln, interest and other investment incomes – at AZN 491.118 mln.

 

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