BAKU, Azerbaijan, July 2
By Leman Zeynalova – Trend:
Total assets of Azerbaijan’s Southern Gas Corridor closed joint-stock company (CJSC) stood at around $12.655 billion as of December 31, 2019, as compared to $12.884 billion in 2018, Trend reports with reference to the consolidated financial statement of the company.
The company’s non-current assets rose from $12.031 billion in 2018 to $12.326 billion in 2019, while its current assets dropped from $852.6 million in 2018 to $328.3 million in 2019.
Southern Gas Corridor CJSC’s non-current assets include oil and gas properties, which rose from $6.3 billion in 2018 to 6.4 billion in 2019, construction in progress and development costs (from around $2.3 billion to $2.4 billion), advance payments (from $2.567 billion to $2.554 billion), investment in associate (from $208.9 million to $211.3 million), loan receivables (from $588.7 million to $652.5 million), right-of-use asset ($32.8 million in 2019, N/A in 2018), deferred tax assets (from $3.39 million to $3.54 million) and other non-current assets (from $15.5 million to $2.3 million).
Total equity and liabilities of the company stood at $12.6 billion in 2019, as compared to $12.8 billion in 2018.
Southern Gas Corridor CJSC’s total current liabilities dropped from $472.6 million $327 million, while total non-current liabilities rose from $8.9 billion to $9.1 billion.
---
Follow the author on Twitter: @Lyaman_Zeyn