Azerbaijan, Baku, July 28 / Trend E. Ismayilov /
SOCAR's total assets as of 2011 amounted to about $16.96 billion compared to about 15.68 billion in 2010, the consolidated report about SOCAR's financial activity in 2011, audited by Ernst & Young said. A report was published on the company's website on Saturday.
"About 4.93 billion manat fell to current assets, more than 12 billion manat for the long-term aasets," the report said.
According to the report, SOCAR's total capital as of 2011 amounted to 9.25 billion manat compared to 8.16 billion manat as of late 2010. SOCAR's authorized capital increased by 1.7 times - from 632.7 million manat to 1.059.3 billion manat in 2011.
About 1.16 billion manat fell to cash and cash equivalents compared to 961.76 million manat in 2010, bill receivable - 2.74 billion manat compared to about 2.4 billion manat the previous year.
About 8.92 billion manat fell to the fixed assets compared to over 8.25 billion manat in 2010, investments in joint ventures were made to the amount of 392.4 million manat, investments in companies within SOCAR, amounted to about 1.2 billion manat.
According to the report, the company's long-term liabilities totaled about 3.62 billion manat, increasing by 7.4 percent in 2011.
The company's current liabilities fell by 1.2 percent to 4.09 billion manat in 2011. SOCAR's bill payable increased by 15.2 percent - to 2.81 billion manat.
SOCAR includes Azneft, which produces oil and gas onshore and offshore), the Azerkimya industrial association, a chemical enterprise, and Azerigaz industrial association, a gas distributor.
SOCAR is the only producer of oil products in the country (it has two refineries on its balance sheet) and also owns petrol stations in Azerbaijan, Georgia, Ukraine and Romania. SOCAR possesses a network of petrol stations in Switzerland. SOCAR is co-owner of the largest
Turkish petrochemical complex Petkim.
The official exchange rate is 0,7856 AZN/USD on July 28.