15:04 - 6.01.2021

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January 6, Fineko/abc.az. ASK Shoe Factory LLC, owned by Azerbaijan Industrial Corporation, ended 2019 with net loss of AZN 75,000. In 2018, the company suffered losses in the amount of AZN 162,000.

ABC.AZ reports that ASK Shoe Factory’s main operating income amounted to AZN 3.423 million (no operating income in 2018) due to sales in 2019, the prime cost of sales AZN 2.756 million, administrative expenses AZN 528,000 (2.9-fold more versus 2018), financial losses AZN 1,000 (no losses in 2018), extraordinary losses AZN 279,000 (no losses in 2018), and profit tax payments AZN 63,000.

As of 1 January 2020 Factory’s assets reached AZN 10,654 (by 9% more than the annual figure).

For the reporting period its liabilities decreased by 4.8 times to AZN 45,000. The balance sheet capital grew by 11% up to AZN 10.608 million and the authorized capital by 11.6% up to AZN 10.846 million.