Azerbaijan, Baku, Oct. 39/ Trend corr. J.Nasibova /
Assets of the Baku oil field equipment company based on its performance in 2011 amounted to 1.536 million manat compared to 1.543 million manat at the beginning of last year, the balance sheet of the company, published on Tuesday in the official press, stated.
By late 2011, the long term assets of the company amounted to 86.703.000 manat, falling by 7.9 per cent, while short term assets hit 669.195.000 manat with an annual growth of 10 per cent.
By late 2011, the paid-up authorised capital of the company stood at 765.9 million manat, remaining unchanged in comparison with 2010.
The aggregate capital amounted to 1.332 million manat at the end of last year, decreasing by 5.6 per cent compared with 2010.
The aggregate liabilities of the company reached 204.190 manat, increasing by 35 per cent, capital and liabilities as a whole reached 1.54 million (with a decrease of 0.4 per cent).
The company completed 2011 with a net profit of 41.011 million manat, which increased by 4.2 per cent, compared with 2010.
The official exchange rate on October 30 is 0,785 AZN / USD.