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Financial condition report

Statement of profit or loss and other aggregate income

Statement of changes in capital

Cash flow statement

Audit opinion

MVHH
MFNHH
KDHH
PVHH
Audit opinion
(In Azerbaijani manats)
December 31st, 2019
December 31st, 2018

ASSETS

Long-term assets

Intangible assets 3851073,16 1490,14
Land, buildings and equipment 10399573,96 -
Deferred tax assets 31043,38 -
Other long-term financial assets 83178,86 13,73
Other long-term assets 5000 5000
Total long-term assets 14.369.869,36 6.503,87

Short-term assets

Reserves 61251,88 3668,99
Short-term receivables 85094,34 20194,51
Cash and cash equivalents 804108,17 11397611,69
Other current financial assets - 24000
Total short-term assets 950454,39 11445475,19
TOTAL ASSETS 15320323,75 11451979,06

KAPİTAL

Authorized capital 5000 5000
Capital reserves 14325391,59 10000000
Retained earnings 643847,67 642979,01
TOTAL CAPITAL 14.974.239,26 10.647.979,01

LIABILITIES

Long-term liabilities

Deferred tax liabilities - 26934,26
Total long-term liabilities - 26934,26

Short-term liabilities

Liabilities for taxes and other mandatory payments 32990,61 148415,82
Short-term payables 216067,51 1149,97
Other short-term liabilities 97026,37 627500
Total short-term liabilities 346.084,49 777.065,79
TOTAL LIABILITIES 346.084,49 804.000,05
TOTAL CAPITAL AND LIABILITIES 15.320.323,75 11.451.979,06
(In Azerbaijani manats)
December 31st, 2019
December 31st, 2018

Income

Basic operating income 4.677.539,02 1.801.586,57
Other operations come 6.600.000,00 1.000.000,00
Total income 11.277.539,02 2.801.586,57

Expenses

Administrative expenses (8.340.220,78) (1.456.509,06)
Other operating expenses (2.936.232,41) (541.353,75)
Total costs (11.276.453,19) (1.997.862,81)
Profit (loss) before tax 1.085,83 803.723,76
Income Tax (58.194,80) (133.810,49)
Net profit (loss) during the reporting period (57.108,97) 669.913,27
(In Azerbaijani manats)
Authorized capital
Additional paid-in capital
Retained earnings (unpaid losses)
Total capital
Remaining as of January 1 - - - -
Total income for the year 5.000,00 10.000.000,00 669.913,27 10.674.913,27
Remaining as of December 31, 2018 5.000,00 10.000.000,00 669.913,27 10.674.913,27
Total income for the year - 4.325.391,59 (57.108,97) 4.268.282,62
Remaining as of December 31, 2019 5.000,00 14.325.391,59 612.804,30 14.943.195,89
(In Azerbaijani manats)
December 31st, 2019
December 31st, 2018

Cash flows from operating activities

Revenues from the provision of work and services 4.677.539,02 1.801.586,57
Receipts from other incomes 5.400.000,00 1.000.000,00
Total operating income 10.077.539,02 2.801.585,57
Expenses for goods, works and services (66.663,86) (3.668,99)
Wage deductions (6.925.694,90) (1.783.728,36)
Income tax deductions (234.169,49) (1.399,00)
Deductions for other payments (2.306.782,43) (613.688,39)
Total deductions from operating activities (9.533.310,68) (2.402.484,74)
Net cash flows from operating activities 544.228,34 399.101,83

Cash flows from investing activities

Proceeds from the sale of non-current assets 1.200.000,00 -
Expenditures for the acquisition of non-current assets (12.337.731,86) (1.490,14)
Net cash flows from investing activities (11.137.731,86) (1.490,14)

Cash flows from financing activities

Receipt of funds in the form of targeted funding - 11.000.000,00
Disbursement of funds in the form of targeted funding - -
Net cash flows from financing activities- - 11.000.000,00
Increase (decrease) in cash and cash equivalents (10.593.503,52) 11.397.611,69
Cash and cash equivalents at the beginning of the year 11.397.611,69 -
Cash and cash equivalents at the end of the year 804.108,17 11.397.611,69