The official exchange rate is 1.5425 AZN/USD July 1.
Some 13.96 billion manats account for the current assets, while 25.99 billion manats - long-term assets, the statement said.
According to the statement, SOCAR’s total capital amounted to 14.65 billion manats in 2015 compared to 11.06 billion manats in 2014. SOCAR’s authorized capital amounted to 1.42 billion manats compared to 1.5 billion manats in 2014.
Some 4.88 billion manats accounted for cash and cash equivalents compared to 1.49 billion manats in 2014, while 6.15 billion manats - the accounts receivable compared to 4.74 billion manats in 2014, the statement said.
Some 17.24 billion manats accounted for SOCAR’s fixed assets compared to 12.13 billion manats in 2014, investments in joint ventures reached 3.17 billion manats, investments in SOCAR’s enterprises amounted to 2.84 billion manats, according to the statement.
SOCAR’s long-term liabilities amounted to 15.06 billion manats compared to 6.12 billion manats in 2014, the statement said.
According to the statement, SOCAR’s current liabilities amounted to 10.25 billion manats in 2015 compared to 6.89 billion manats in 2014. SOCAR’s liabilities amounted to 6.25 billion manats compared to 4.04 billion manats in 2014.
SOCAR includes Azneft (a production association of enterprises that produce oil and gas on land and sea), Azerkimya (a production association of chemical industry enterprises) and Azerigas (deals with distribution of gas in the country).
The company also includes a number of processing and service enterprises, and institutions involved in geophysical and drilling operations.
SOCAR is the sole petroleum products producer in Azerbaijan with two oil refineries, and also owns filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland. It is also a co-owner of the largest Turkish petrochemical complex Petkim.
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