Pasha Kapital's assets almost doubles
Baku, Azerbaijan, Aug. 28
By Eldar Janashvili - Trend:
The volume of total assets of Azerbaijan’s investment company Pasha Kapital in the balance sheet for 2018 amounted to 2.598 million manats, Trend reports with reference to the organization’s audit report.
The assets of the organization almost doubled compared to the previous year.
About half of the assets (51 percent) accounted for short-term investment securities and amounted to 1.324 million manats. Long-term investment securities made up 47,000 manats. The volume of cash and cash equivalents amounted to 987,800 manats, decreasing by 5.7 percent.
The company’s advances increased 12.7 times and amounted to 90,500 manats. The accounts receivable of Pasha Kapital for the year increased by 6.5 percent and amounted to 77,300 manats. Intangible assets for the year didn’t change and amounted to 62.75 million manats.
The total volume of liabilities for the year increased by 6.2 times and amounted to 1.07 million manats. At the same time, a significant share of the volume of liabilities (85.3 percent) accounted for the advances received by the company in the amount of 913,000 manats. The company’s accounts payable for the year decreased by more than two times and amounted to 53,100 manats.
The total capital of the company grew 1.5 times and amounted to 1.527 million manats, mainly due to an increase in retained earnings of the organization by 70 percent, up to 1.227 million manats.
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