Exam Center reveals its financial position — there are reductions

17:43 - 3.07.2025


July 3, Fineko/abc.az. The State Examination Center completed 2024 with net profit of 388,000 manats.

ABC.AZ informs, referring to the financial statements, that the figure is 9.6-fold less than in 2023.

Last year, Center’s operating income amounted to 41.073 million manats (5.4% more than a year earlier), income from the recovery of commodity prices - 61,000 manats (49.6% less), investment income - 141,000 manats (4.3-fold more), other income - 10,000 manats (unchanged), staff costs - 25.284 million manats (18.3% more), depreciation costs - 3.671 million manats (27.5% more), printing and editing costs - 6.105 million manats (2.6% more), repair and maintenance costs - 630,000 manats (22.6% more), rental costs - 874,000 manats (3-fold more), security costs - 151,000 manats (32.9% less), expenses for goods and materials - 563,000 manats (27.45%), travel expenses - 140,000 manats (5.4% less), other expenses - 2.089 million manats (24.1% less), net loss on suspended operations - 279,000 manats (37.9% less), tax payments - 922,000 manats (36.4% less), other tax payments - 190,000 manats (42.9% more).

As of January 1, 2025, SEC assets totaled 47.735 million manats (1.1% more than a year earlier). Organization's liabilities decreased by 4.1% to 1.89 million manats, and the balance sheet capital increased by 1.3% up to 45.845 million manats.