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Azerbaijan’s Ministry of Energy unveils financial report on results of 2021

Finance Materials 2 May 2022 10:01 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 2. According to the results of 2021, the income of Azerbaijan’s Ministry of Energy increased by 14.9 percent compared to 2020 - up to 9.473 million manat ($5.572 million), Trend reports with reference to the Ministry of Energy.

According to the report, income from over-the-counter transactions (OTC) amounted to 9.471 million manat ($5.571 million), exchange transactions - 2,025 manat ($1,191).

According to the data confirmed by the audit report, the ministry's expenses amounted to 9.7 million manat ($5.7 million).

Personnel expenses amounted to 4.7 million manat ($2.7 million), depreciation expenses – 277,500 manat ($163,200), other operating income - 4.6 million manat ($2.7 million).

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