Investment holding to write off fixed assets of subordinate companies

12:39 - 29.12.2023


December 29, Fineko/abc.az. The Azerbaijan Investment Holding (AIH) will write off fixed assets on the balance sheet of state-owned enterprises and companies transferred to its management, ABC.AZ reports with reference to the AIH.

The organization has already begun appropriate preparation.

"Regulatory documents on the write-off of funds will be prepared, procedures will be diagnosed and the main problems will be identified. The comparative analysis will also be conducted on the basis of domestic and international experience, the role of management bodies of state-owned enterprises, as well as the holding company in the write-off will be determined. The policy for the write-off of fixed assets will be developed and a feasibility study of changes that may be made to the legislation will be carried out. A roadmap on the policy will be developed," AIH said.