Azerbaijan, Baku, July 1 / Trend H.Valiyev /
The assets of the Baku Telephone Communication Production Association (PA) grew by 4.7 per cent in 2012, surpassing 156.47 million manats, the balance sheet published on June 28 on association's website said.
The financial accountability of Baku Telephone Communication PA is audited by local audit firm L.B.Audit Xidmet.
The long term assets of the company exceeded 92 million manats by the end of 2012, increasing by 6.4 per cent in comparison with 2011.
The total capital of the PA amounted to 68.6 million manats, increasing by 8.4 per cent over the year. The authorised capital of the company amounted to 5.8 million manats.
Total liabilities of the PA amounted to 87.9 million manats, increasing by 2.15 per cent.
Operational incomes of the Baku Telephone Communication PA amounted to about 56.3 million manats on the results of 2012, an increase of 15 per cent over the year.
The net profit of the state communication operator for the past year exceeded 3.76 million manats which is 29.7 per cent more than in 2011.
The official exchange rate on July1 is 0.7845 AZN / USD.