Bank Of Baku

Chamber of Auditors of Azerbaijan gets decline in profit

Chamber of Auditors of Azerbaijan gets decline in profit
# 30 March 2011 12:15 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. The Chamber of Auditors of Azerbaijan’s profit made AZN 433.474 thousand in 2010, down 0.4% compared to a year ago.

According to Chamber, AZN 407.209 thousand was membership fee from audit organizations and free auditors, AZN 4.7 thousand – payment fee for participation at the examinations to obtain licence, AZN 3 520 thousand - subscription fee for sale of printing products about audit, AZN 11.810 thousand – payment fee for internal audit courses, AZN 1.079 thousand – membership fee from correspondents, AZN 5.156 thousand – financial assist.

Total expenditures decreased by 5.1% to AZN 431.073 thousand. Profit slipped by 8.1 times to AZN 2.4 thousand.

Besides, the Chamber has transferred AZN 26.8 thousand, AZN 53.1 thousand to State Social Protection Fund.
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