BAKU, Azerbaijan, June 30
By Eldar Janashvili - Trend:
The total liabilities of a leader of Azerbaijan’s investment market, PASHA Capital Investment Company CJSC, increased 8.88 times in 2019, Trend reports citing the company’s audited annual financial report.
In monetary terms, the total liabilities of the company increased by 8.4 million manat ($4.9 million), having reached 9.5 million manat ($5.5 million).
In the structure of assets, the largest part, about 62.8 percent, accounted for liabilities under repo agreements, the volume of which exceeded 5.9 million manat ($3.4 million). At the same time, over 33.9 percent of all liabilities accounted for advances received, the total amount of which grew 3.5 times to 3.2 million manat ($1.8 million) year-on-year. Income tax liabilities accounted for 1.2 percent of all liabilities, the volume of which dropped three times.
Meanwhile, the PASA Capital’s rental liabilities made up 56,800 manat ($33,411). Deferred tax liabilities amounted to 33,650 manat ($19,794). Trade and other accounts payable amounted to slightly above 102,330 manat ($60,194).
The total capital of the company amounted to 2.5 million manat ($1.4 million), while a year earlier it was 1.5 million manat ($882,352). Share capital of PASHA Capital has not changed and amounted to 300,000 manat ($176,470). The company’s retained earnings increased by 69 percent and surpassed 2 million manat ($1.1 million).
(1 USD = 1.7 manat on June 30)
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