BAKU, Azerbaijan, April 20. The net loss of Azerbaijan’s "KredAgro" Non-Banking Credit Organization amounted to 1.4 million manat ($823,500) in 2021, Trend reports with reference to the financial report of KredAgro.
According to the data confirmed by the audit report, interest income of KredАgro amounted to 1.1 million manat ($647,000) in 2021.
Interest expenses of organization amounted to 248,300 manat ($146,000), administrative expenses - 2.8 million manat ($1.6 million).
Loss of KredAgro before taxes amounted to 1.4 million manat ($823,500), income tax payments – 27,600 manat ($16,200) in 2021.
Assets of KredAgro increased by 6.2 percent - up to 545,500 manat ($320,800) in 2021, while the capital decreased by 23.7 percent - up to 4.6 million manat ($2.7 million).
Liabilities of KredAgro also decreased by 43.4 percent - up to 2.9 million manat ($1.7 million) compared to the same period last year.
