Total capital of Azerbaijan’s BTB Kapital decreases
Baku, Azerbaijan, Aug. 29
By Eldar Janashvili – Trend:
Total assets of Azerbaijan’s investment company BTB Kapital in the balance sheet for 2018 amounted to 304,000 manats, Trend reports referring to the organization’s audit report.
About 69 percent of assets accounted for cash and cash equivalents in the amount of 209,000 manats. The volume of short-term assets amounted to 17,600 manats (about 6 percent of total assets). About a quarter of the total assets amounted to long-term assets – 76,500 manats.
The volume of liabilities amounted to 5,100 manats. The liability structure of BTB Kapital consists only of accounts payable.
The total capital of the company decreased by 14.5 percent compared to the authorized capital, due to an uncovered loss of 50,900 manats.
The investment company OJSC BTB Kapital was established Feb. 15, 2018 with an authorized capital of 350,000 manats.
Bank BTB has been operating in Azerbaijan since 2010.
($1= 1.7 manats on Aug. 29)
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