SOCAR Publicizes Increase in Prime Cost of Gas Production
Azerbaijan, Baku / Trend corr S. Aliyev / In 2006, the total prime cost of commodity gas of the State Oil Company of Azerbaijan Republic (SOCAR) made up AZN 99mln, which is AZN 26.1mln more than in 2005. The prime cost of 1,000cu m of gas comprised AZN 25.5, an additional AZN 2.27 more than in 2005, according to SOCAR's final 2006 report.
In 2005, the total prime cost of commodity gas was AZN 72.9mln. The prime cost of 1,000cu m of gas was AZN 23.23.
From total expenditures for production of gas, 12.3% fell on salaries, 2.9% on social needs, 30.7% on amortization, 15.2% on material expenditures, 11.5% on tax on trade (royalty), and 0.9% on land-tax.
According to the report, the prime cost predominantly increased due to a rise in salaries and social assignments, as well as material expenditures (caused by rise in prices for energy). According to SOCAR, salaries and social assignments in gas production increased by AZN 5.14mln (42.3%) and in energy by AZN 858,000 (14.8%).
|Expenditures for Gas Production, in ths of AZN|
|Expenditures||2006||Specific weight||2005||Specific weight|
|1. Expenditures for materials||17412||15,2||16347||17,6|
|- Subsidiary materials||7923||6,9||7424||8|
|3. Assignments for Social Insurance||3292||2,9||2178||2,4|
|4. Assignments for Amortization||35009||30,7||30675||33,1|
|5. Other Expenditures||44354||38,9||33520||36,2|
|- Tax on Trade||13093||11,5||11125||12|
|- Other Expenditures||30212||26,5||21243||22,9|
|6. Total Production Expenditures||114049||100||92680||100|
|7. Expenditures not Included into Total Production||0||0|
|8. Prime Cost of Production of Total Products||114049||92680|
|9. Expenditures of Internal Turnover of Production||15090||13517|
|10. Non-Completed Production||98959||79163|
|Prime Cost of 1,000 cu m of gas, in AZN||25,5||23,23|
|Commodity Production, in tons||3880910||3408243|