Baku, Azerbaijan, Sept. 4
By Eldar Janashvili – Trend:
The volume of total assets in the balance sheet of the Azerbaijani state company Azerlottery OJSC for 2018 amounted to 12.035 million manats, Trend reports on Sept. 4 referring to the company’s financial report.
The company's assets grew by 28.4 percent in 2018 compared to 2017.
Almost the entire volume of the total assets (97 percent) accounted for the company's short-term assets - 11.668 million manats. In the structure of short-term assets, about 30 percent of the share accounted for accounts receivable in the amount of 3.423 million manats (an increase of 42.3 percent for the year).
The volume of cash and cash equivalents amounted to 2.902 million manats, an increase of 28.2 percent and their share amounted to almost a quarter of the total volume. The volume of reserves doubled and amounted to 153,000 manats. Other short-term assets, including financial assets, amounted to 5.19 million manats (an increase of 23.7 percent).
The company’s long-term assets amounted to 366,700 manats, a big share of which (84 percent) accounted for real estate and equipment.
(1 USD = 1.7 AZN on Sept. 4)
----
Follow the author on Twitter: @eldarjanashvili