Garadagh Cement remits 5,568,748,000 AZN in 2005 to public budget
In 2005 Garadagh Cement JSC remitted 5,568,748,000 manats to the Azerbaijani public budget state, according to a report on financial state of the enterprise.
In this period the total amount of incomes from export of products, including services, made up 93,230,233,000 manats, while production expenses amounted to 57,686,144,000 manats. Incomes from production made up 21,412,445,000 manats, but nonmarketing operations 1,991,187,000 manats.
Expenses for the value added tax (VAT) made up 14,131,644,000 manats, while property tax 287,666,000 manats.
In 2006 the enterprise plans to invest $7m, which will be directed production, including construction of new substations.
Like in 2005 the plans to output 1.3 million tons of cement in 2006.
In 2004 $6.5m was invested in Garadagh Cement and the production amounted to 1.36 million, or 398,000 tons or 41.4%.