The state monopoly on drawing lotteries in Azerbaijan OJSC Azerlotereya announced the audited financial statement (https://goo.gl/rwjtt4) in 2015, according to which the number of sold lottery tickets has decreased by 3.5% .
In view of the outstanding debts written off (642.5 thousand AZN) and accrued interest on deposits in the bank (252.2 thousand AZN) the total income for 2015 amounted to 28 million 578.9 thousand manat, which is 2.3 % less than in 2014.
In 2015, 17 998 thousand manat (65% of sales) was directed to the payment of winnings. The prize fund was reduced by 1.1%. At the same time, according to the calculations of Azerlotereya, the number of winning tickets was about 5.3 million (+ 9.2%).
The total sold included printed tickets - 13,013,549, instant tickets – 8,006,256 and e-tickets - 5,747,484.
JSC Azerlotereya notes that the main costs in 2015 increased by 62 thousand manat and reached 8.5 million manat. Where and how these funds were spent, the company, as in previous years, did not disclose.
In 2015 JSC Azerlotereya paid to the state budget and the pension fund 1 068.7 thousand manat, which is 6.5% less than in 2014.
During 2015 the amount of retained earnings of the lottery company increased from 4,942,000 to 5,660,000 manat.
It is noteworthy that the management of the JSC distributes profits at its own discretion. In 2015, as dividends to the state budget, it transferred 500,000 AZN, and in the form of sponsorship of the Table Tennis Federation of Azerbaijan – 200,000 AZN. The President of the Table Tennis Federation is the Minister of Economy Shahin Mustafayev. ----08B
Economics
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review