KOBIA has published a financial report – its revenues stayed the same


July 22, Fineko/abc.az. The Agency for the Development of Small & Medium-Sized Businesses (KOBIA) of the Ministry of Economy received income of AZN 13.203 million in 2020 and expenditures were made for about the same amount.

According to KOBIA's financial report, the indicator is by 72.2% more against 2019.

All of KOBIA's revenues for the past year were other operating income.

As for expenditures, AZN 356,000 were spent on used material resources (2.6-fold more than a year earlier), AZN 6.9 million on personnel (48.1% more), AZN 450,000 on depreciation (43.3% more), AZN 5.48 million on other operations (2.1-fold more), AZN 14,000 on other operations (17-fold more).

As of 1 January of this year KOBIA's assets amounted to AZN 24.26 million (42.1% more year-on-year). For the reporting period Agency's liabilities increased by 84.1% up to AZN 15.725 million and the balance sheet capital remained unchanged – AZN 8.534 million.