![Loss of heat supply up to 67 million manat](https://turan.az/resized/./turan-750-500-resize.webp)
Loss of heat supply up to 67 million manat
The company supplying thermal energy Azeristiliktechizat has disclosed its financial statements for 2011, according to which its losses from business activities amounted to 9,253,000 manat. The causes of loss-making are not reported in the audit report.
According to the press statement of the financial position on the first of January this year, the losses of Azeristiliktechizat reached 66.8 million manat. The accounts receivable totaling 12 million manat, the financial obligations of the company are 78 million manat. Mainly due to government investment in the development of heat supply system, the assets of the company for 2011 increased by 22% and reached 141.5 million manat.
In 2011, on the production of thermal energy at a total of over 3 million manat there was spent 7.8 million manat. In this case, the administrative and other expenses of Azeristiliktechizat for the year were 19.4 million manat, AZN 4.5 million more than in 2010.
JSC Azeristiliktechizat has acted for about five years. It primarily caters to villages on the Absheron peninsula. - 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