Total assets of Azerbaijani payment provider GoldenPay up by a quarter

Finance Materials 30 August 2019 13:34 (UTC +04:00)

Baku, Azerbaijan, Aug. 30

By Eldar Janashvili - Trend:

Total assets of Azerbaijani online payment provider GoldenPay OJSC in the balance sheet for 2018 amounted to 1,682 manats, Trend informs referring to the company's audited report.

In the structure of long-term assets, which accounted for 67.5 percent or 1.137 million manats, a significant part accounted for intangible assets, the volume of which slightly exceeded one million manats, having grown by 17 percent. The rest accounted for land, real estate and equipment – 40,700 manats (an increase of 12.7 percent over the year).

In the structure of short-term assets, the majority accounted for receivables in the amount of 412,300 manats (an increase of 21.7 percent). The company’s cash volume increased by 3.7 times and amounted to 106,600 manats.

The company's total liabilities increased by 29 percent and amounted to 1.664 million manats. In the liabilities structure, 64 percent accounted for accounts payable of GoldenPay, which grew by 24.8 percent and amounted to 1.063 million manats. Long-term debt amounted to 500,000 manats. Deferred tax payments amounted to 100,800 manats.

The provider’s capital decreased by 2.8 times and amounted to 18,200 manats, due to an increase in uncovered loss by 6.5 percent.

($1= 1.7 manats on Aug. 30)


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