Azerbaijan Caspian Shipping Company increases aggregate capital
Baku, Azerbaijan, June 4
By Anvar Mammadov - Trend:
Azerbaijan Caspian Shipping Company CJSC increased its aggregate capital by 12.9 percent in 2015, said the company's balance sheet posted on its official website.
During the reporting period, the company's aggregate capital increased from 614.34 million manats to 693.37 million manats. Its share capital hasn't changed during the reporting period and remained at the level of 383.42 million manats.
The assets of the Caspian Shipping Company dropped by 3.7 percent over 2015 and stood at 803.84 million manats. The major part of the assets - 77.4 percent or 621.95 million manats accounted for the long-term assets which decreased by 3.4 percent during the reporting period.
Vessels and fixed assets accounted for 94.2 percent (586.13 million manats) of the long-term assets. The deferred tax assets accounted for 34.65 million manats, or 5.6 percent of the long-term assets, while the intangible assets accounted for the remaining part (1.16 million manats) of the long-term assets.
The current assets of the Caspian Shipping Company decreased by 4.7 percent and stood at 181.89 million manats during the reporting period. The commercial debt and other accounts receivables accounted for 62.6 percent (113.94 million manats) of the total volume of current assets. This is while the stocks of goods and materials accounted for 32.7 percent (59.56 million manats) of the current assets.
The company's net profit neared 69 million manats as of 2015. Its revenues stood at 331.64 million manats, while its expenditures totaled 263.91 million manats during the reporting period.
The financial statements of the Azerbaijan Caspian Shipping Company have been verified by the UK Ernst & Young (trading as EY) audit firm.
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