Total revenue of non-financial corporations in Georgia exceeds $2B
Baku, Azerbaijan, October 15
By Tamilla Mammadova – Trend:
The total revenue of non-financial corporations of Georgia amounted to 6.9 billion lari ($2.32 billion) in 2018, Trend reports with reference to the National Statistical Office of Georgia (Geostat).
According to Geostat, the volume of assets of non-financial corporations of Georgia at the end of 2018 amounted to 61.7 billion lari ($20.83 billion), of which 6.6 percent were denominated in foreign currency.
The value of securities of non-financial corporations at the end of 2018 amounted to 2.3 billion lari ($776.64 million). Short-term assets amounted to 2.4 billion lari ($810.40 million), and the liquidity percentage amounted to 51.7 billion lari ($17.45 billion).
At the end of 2018, liabilities of non-financial corporations amounted to 39.2 billion lari ($13.23 billion), while short-term liabilities amounted to 10.2 billion lari ($3.44 billion). Of the total volume, 11.1 billion lari ($3.74 billion) represent liabilities in foreign currency.
Out of the total debt to non-residents, outstanding debt (external debt) at the end of 2018 amounted to 6.7 billion lari ($2.26 billion), said the report.
The value of derivative financial instruments amounted to 41.8 million lari ($14 million), and capital and reserves at the end of 2018 amounted to 22.5 billion lari ($7.59 billion).
Interest expenses incurred by non-financial corporations in 2018 stood at 1.5 billion lari ($506.50 million) and total revenue was 6.9 billion lari ($2.32 billion).
According to Geostat, the cost of debt servicing in 2018 (including debt repayment and interest payments) amounted to 6.2 billion lari ($2.09 billion). Of this amount, debt servicing on loans to individuals amounted to 53.3 million lari ($18.06 million), and debt servicing on loans of other non-financial corporations – to 294.8 million lari ($99.54 million).