BAKU, Azerbaijan, Feb. 5
By Klavdiya Romakayeva - Trend:
The price of the state share of Uzbek-Malaysian Oil Company fell by almost 10 billion soums ($954,479) at auction in Uzbekistan, Trend reports referring to e-auksion.uz.
According to the information, the state share in Uz Mal Oil was put up for an online auction in July 2020.
The starting price then amounted to 23.7 billion soums ($2.3 million). However, by October it decreased to 16.6 billion soums ($1.6 million), and as of February 2021 it amounts to 14.2 billion soums ($1.3 million).
It is reported that the applications are accepted until February 13. The auction itself will take place on 15 February.
Established in 1995 Uz Mal Oil is engaged in production and sale of crude oil.
The company owns 116 hectares of land and 1,720 square meters of usable area are located in various regions of the country. Depreciation of fixed assets of the company amount to 51.78 percent.
At the same time, accounts receivable amounts to 1.4 billion soums ($133,627), accounts payable - 947.7 million soums ($90,456). The new owner will be considered the founder of the company with a 50 percent share and, accordingly, will accept the asset with these debts.
It is also noted that the net profit of the company will amount to - 3.2 billion soums ($305,433) (the period is not specified), current assets - 16 billion soums ($1.5 million), book value of fixed assets - 19.9 billion soums ($1.9 million).
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