Cabinet of Ministers approves balance sheets of Caspar
In accordance with the budget of the Caspian Shipping Company (Caspar) approved by the Cabinet of Ministers, in 2006 the incomes of the Company are expected at 110.7m AZN, or 8.3m AZN less as compared 2005. Under the forecast the incomes will drop by 7%, the government told Trend.
The main part of the incomes of Caspar consists of revenues from rendered services, work and products.
The expenses of the Company are expected to increase by 7.7% or 8.5m AZN and comprise 118m AZN. Main expenses are envisaged for investment 26m AZN, navigation expenses 25.8m AZN, purchase of goods and materials 19.1m AZN, wages 15.3m AZN, repair 12.5m AZN.
Despite decrease of incomes and increase of expenses, Caspar plans to pay 165,000 AZN profit tax. Besides, payment on VAT will make up 1.2m AZN, land-tax 0.03m AZN, property-tax 0.05m AZN, income-tax 0.36m AZN.