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BTCPA gets 6% rise in assets

01 July 2014 09:41 (UTC +04:00)

Baku - APA-Economics. In 2013, the Baku Telephone Communications Production Association (BTCPA) assets rose 6.4% to AZN 166,480,105, APA-Economics reports quoting Premium Audit company.

Long-term assets rose 4.4% to AZN 96,124,576. The long-term assets include land, equipments and plants which cost AZN 91,118,987.

Short-term assets include AZN 47,861,445 – receivables and AZN 8,116,618 – reserves. Totally, short-term assets rose 9.3% to AZN 70,355,529.

Main operation revenue of the BTCPA surged 27.1% to AZN 71,552,090, base price of the sold products increased by 30.6% to AZN 68,867,356.

Total capital grew 7.3% to AZN 73,606,917, authorized capital remained unchanged at AZN 5,795,897.

Liabilities went up 5.6% to AZN 92,873,188, including long-term liabilities rose 47% to AZN 3,501,324, short-term liabilities rose 4.5% to AZN 89,371,864.

BTCPA net profit made AZN 1,522,545, down 59.5% compared to a year earlier.