Azerbaijan Energy Regulatory Agency announces amount of revenues

As of January 1, 2019, the assets of the Azerbaijan Energy Regulatory Agency (AERA) amounted to AZN 6,976,978, up AZN 578,572 or 9.04% from the previous year, Report informs.

Liabilities rose by AZN 50,068 or 56.3-fold to AZN 50,973, total capital increased by AZN 528,504 or 8.26% to AZN 6,926,005, authorized capital grew 7,914 times to AZN 7,914,367, loss went up by AZN 978,106 or 1,573 times to AZN 987,734,

Revenues amounted to AZN 8,318,474. Operating loss ascended by AZN 1,187,040 or 1,891 times to AZN 1,187,668.

AERA is a public entity established upon the President’s order dated December 22, 2017 under the Ministry of Energy Ministry.