Baku, Azerbaijan, Sept. 20
By Eldar Janashvili – Trend:
The volume of total assets in the balance sheet of the Azerbaijan's Standard Leasing company for 2018 amounted to 24.918 million manats, Trend reports referring to the company's financial report.
According to the report, Standard Leasing's assets decreased by 4.2 percent compared to the previous year. More than half of total assets (61 percent) were comprised of investment property, which amounted to 15.175 million manats, almost unchanged year on year. Intangible funds amounted to 3.612 million manats, having decreased by 2.7 percent.
The company's fixed assets amounted to 2.793 million manats, denoting a slight decrease by 0.4 percent. Cash and cash equivalents decreased throughout the reporting period by a quarter and amounted to 1.64 million manats.
Accounts receivable amounted to 1.677 million manats, having decreased by 18 percent over the year. At the same time, the bulk of receivables (about 80 percent) was comprised of debt in financial leasing, which amounted to 1.356 million manats, denoting a decrease by 13.7 percent).
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