In 2014 SOCAR’s assets increased by $1 billion

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SOCAR dDuring 2014 aggregate assets of State Oil Company of Azerbaijan (SOCAR) totaled 24.07 billion AZN against 23.05 billion AZN in 2013, reads the consolidated report of SOCAR’s financial activities during last year placed on the company’s web site. The report about SOCAR’s finacial activities was audited by Ernst& Young.

            According to the report, 7.8 billion AZN falls to the current assets and 16.27 billion AZN – tothe long-term assets.

            According to the report, during 2014 SOCAR’s aggregate capital totald 11.06 billion AZN against 10.23 billion AZN in 2013. SOCAR’s authorized capital totaled about 1.5 billion AZN against 1.32 billion AZN in 2013.

            1.49 billion AZN fell to money and money equivalents against 1.21 billion AZN in 2013 and 4.7 billion AZN fell to the bill receivable (against 5.3 billion AZN in 2013).

            Over 12.1 billion AZN fell to SOCAR’s main funds against 11.7 billion AZN in 2013 and over 1.1 billion AZN has been invested into the joint ventures, investments into the enterprises, which are a part of SOCAR’s group of companies, totaled 1.28 billion AZN.

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