12:05 - 16.05.2021

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May 16, Fineko/abc.az. Azerbaijan TV & Radio Broadcasting Company (AzTV) completed 2019 with net loss of AZN 2.598 million (53.2% or 2.1-fold less against 2018), ABC.AZ reports with reference to the financial statements of AzTV.

In 2019, AzTV's earnings amounted to AZN 34.242 million (5.1% more versus 2018), including income from over-the-counter operations – transfers from the State Budget) – AZN 32.938 million (1.4% more), from exchange operations AZN 541,000 (5.9-fold more), other operating income AZN 763,000 (no such income in the previous year).

Company's expenditures for 2019 totaled AZN 36.75 million (3.5% less), including AZN 1.017 million (7.8% more) on consumables, AZN 19.02 million (16.6% more) on wages, depreciation costs AZN 4.85 million (17.4% less), and other operating expenses AZN 11.86 million (20.8% less).

In 2019, AzTV paid profit tax in the amount of AZN 90,000 (4.7-fold more against 2018).

As of 1 January 2020 AzTV’s assets reached AZN 27.514 million (4% less than a year earlier). In 2019 company's liabilities increased 4-fold up to AZN 2.553 million, while its balance sheet capital decreased by 11% to AZN 24.96 million.