Azerbaijani domestic liquefied gas producer’s assets exceed $ 19 MN

Oil&Gas Materials 20 May 2013 18:02 (UTC +04:00)

Azerbaijan, Baku, May 20 / Trend, E. Ismayilov /

The assets of "Meishet maye gaz" ("Domestic liquefied gas") company as of December 31, 2012 exceeded 15.18 million manat, a consolidated statement on the company's financial position, published in the official press, said today.

According to the report, the company's long-term assets as of last year amounted to 13.35 million manat. Notes payable and other debt on the company during the reporting period exceeded 841,000 manat.

The company's authorized capital as of last year amounted to 3.11 million manat. The total capital amounted to 6.64 million manat.

According to the report, the company's obligations as of 2012 totaled 8.55 million manat.

As of 2012, the company's revenues hit 11.2 million manat at a cost of sales of 11.34 million manat. After all fees and taxes are deducted, the company's losses in 2012 amounted to almost 600,000 manat.

The official exchange rate is 0,7847 AZN/USD on May 20.