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Amount of fixed assets in Uzbekistan hits almost $75 B

Business Materials 28 November 2019 16:35
Amount of fixed assets in Uzbekistan hits almost $75 B

BAKU, Azerbaijan, Nov. 28

By Fakhri Vakilov-Trend:

At the end of 2018, the amount of fixed assets in Uzbekistan at the initial (replacement) value amounted to $74.2 billion, at the residual value - $53.2 billion, Trend reports citing Uzbekistan’s State Statistics Committee.

Fixed assets are tangible assets that an enterprise contains for the purpose of their use in the production process, performance of work or the provision of services, or for the implementation of administrative and socio-cultural functions for a long time when conducting business activities.

The committee noted that at the end of 2018, 67.8 percent of fixed assets at the initial (replacement) cost accounted for fixed assets of the service sector, 24.1 percent - industry, 6.3 percent - agriculture, forestry and fisheries, 1, 8 percent - construction.

Official statistics recorded that at the end of 2018, the initial (replacement) value of fixed assets of large commercial enterprises reached $23.9 billion, or 32.3 percent of the total fixed assets in the economy; commercial small enterprises and microfirms - $8.8 billion, or 11.9 percent of all fixed assets.

By type of assets, at the end of 2018, all fixed assets of large commercial enterprises at the initial (replacement) cost accounted for 9.2 percent of buildings, 17.8 percent of structures, 17.7 percent of transmission devices, 39 of machinery and equipment, 3 percent, vehicles - 13.1 percent and other fixed assets - 2.9 percent.

In 2018, new fixed assets worth $12.8 billion were commissioned and, accordingly, their renewal ratio was 16 percent. In 2017, this figure was $5.8 billion, and the update rate was 15.5 percent.

Over the past five years (2014-2018), the coefficient of renewal of fixed assets in the economy ranged from 11.6 percent to 16 percent and, on average, amounted to 14.7 percent.

According to the information, the largest share in the total amount of fixed assets of Uzbekistan falls on the city of Tashkent (19.5 percent), Kashkadarya (11.3 percent) and Tashkent (10.5 percent) regions. The smallest shares were noted in Syrdarya (2.2 percent), Khorezm (4.1 percent) and Namangan (4.1 percent) regions.

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