Azerbaijan, Baku, July 2 / Trend H. Valiyev /
Azerkosmos's assets as of 2011 amounted to 93.73 million manat, the company's balance sheet revealed, published in the official press on Monday said.
The company's long term assets as of late 2011 amounted to approximately 42.6 million manat, with short term more than 51.14 million manat.
The volume of short term accounts receivable amounted to 28.3 million manat. About 22.7 million manat was accumulated in cash and cash equivalents in 2011.
The company's total equity and liabilities as of late 2011 totalled 93.7 million manat.
The company's financial income amounted to 9,880 manat, whilst operating expenses were 507,700 manat. The company's loss of for the year totalled 2.39 million manat.
Azerkosmos was established under the Azerbaijani Communications and IT Ministry to launch a telecommunication satellite into the orbit, manage and implement the maintenance operations.
The official exchange rate is 0.7856 AZN/USD on July 2.