16:23 - 19.04.2023
April 19, Fineko/abc.az. According to the report of investment company Invest-az at the end of 2022, company’s total current assets decreased by AZN 3.639 million or by 27.65% to AZN 9.52 million.
ABC.AZ reports that it is caused mainly with the fact that company's cash resources decreased by AZN 129,000 to AZN 9.46 million, and other assets by AZN 3.51 million to AZN 56,000.
In addition, company's intangible assets declined by 275 manats to 828 manats. Their settlements with the founders reduced by AZN 135,000 or by 19.6% to AZN 554,000.
Brokerage and other commission income of the company accounted AZN 242,000, having decreased by AZN 62,000 or 20.4%. And dividend income decreased by 217 manats to AZN 17,000.
However, the company has reduced its costs on fees and commissions. Thus, these expenses decreased by AZN 15,000 to AZN 247,000.
Invest-Az's operating profit fell by 40.16%, or AZN 572,000, to AZN 851,000.
In addition, the return on Invest-Az’s assets decreased by 2.73% to 5.83%. That is, the company has experienced serious reduction in the money it earns from its existing assets.
