Uzbekistan, Tashkent, May 30 / Trend D. Azizov /
The Uzbekenergo State Joint-Stock Company reduced its net income by 21.9 per cent up to 256.217 billion soums in 2011, the company's annual report, published in the media on Wednesday, said.
Uzbekenergo's net revenues increased by 20.1 per cent up to 2.486 trillion soums and the cost of production increased by 28.8 per cent up to 2.125 trillion soums in 2011.
The company's expenditure in the reporting period increased by 51.1 per cent up to 63.908 billion soums, the report said.
The income from financial activity decreased by 14.1 per cent up to 41.492 billion soums, including the expenditure from financial activity by 13.3 per cent to 32.208 billion soums.
Uzbekenergo's assets increased by 23.8 per cent to 4.99 trillion soums per year. The company's long term assets increased by 43.2 per cent, up 2.392 trillion soums and current assets by 8.5 per cent to 2.56 trillion soums.
The company's obligations amounted to 3.55 trillion soums as of 2011 compared to 2.8 trillion soums the previous year (increasing by 26.8 per cent).
The company increased its equity by 16.8 per cent up to 1.437 trillion soums. The authorised capital decreased by 4.2 per cent, up to 344.171 billion soums as of late 2011.
Uzbekenergo was established in 2001 on the basis of the Uzbek Ministry of Electricity and Electrification. It is the governing body in the power and coal industries. The structure of Uzbekenergo includes more than 50 companies engaged in the design, construction, maintenance and repair work. More than 98 per cent of the electricity is generated in Uzbek power plants.
At present, about 45 power plants with a total capacity of about 12,400 MW, including 16 Uzbekenergo ones with a total capacity of 12,040 MW operate in the Uzbek power system.
According to the official statistics, Uzbekistan increased its electricity production by 1.3 per cent up to 52.416 billion kilowatt-hours in 2011 compared to 2010.
Coal extraction increased by 5.9 per cent up to 3.844 million tons in 2011.