Baku, Azerbaijan, Sept. 4
By Eldar Janashvili – Trend:
The volume of total liabilities in the balance sheet of the Azerbaijani state company Azerlottery OJSC for 2018 amounted to 5.137 million manats, Trend reports on Sept. 4 referring to the company’s financial report.
The company's liabilities grew by 65.2 percent in 2018 compared to 2017.
The entire volume of total liabilities accounted for short-term liabilities due to the lack of long-term liabilities of the company. About 45 percent of short-term assets accounted for accounts payable in the amount of 2.33 million manats (an increase of 47 percent for the year).
Its share in the structure of liabilities on an annualized basis decreased by almost six percent. The volume of estimated liabilities amounted to 2.202 million manats, an increase of almost 1.5 times, and their share amounted to slightly more than 40 percent of the total volume. Liabilities for taxes and other payments amounted to 605,000 manats, increasing by almost 30 times for the year.
The company’s capital increased by ten percent up to 6.898 million manats due to an increase in retained earnings of the company from 6.246 million manats to 6.878 million manats.
(1 USD = 1.7 AZN on Sept. 4)
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