(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 29. The National
Depository Center (NDC) of Azerbaijan finished 2023 with a loss of
69,000 manat ($40,590) against a net profit of 712,000 manat
($418,820) in 2022, Trend reports via the financial report of the NDC for
last year.
According to the report, last year, the center's operating
revenues grew by 10 percent, totaling 4.76 million manat ($2.8
million), compared to 4.32 million manat($2.54 million) in the
previous year.
During the reporting period, the NDC's salary expenses remained
unchanged at 2.03 million manat ($1.19 million), while social
benefit expenses increased by 4.3 percent to 490,000 manat
($288,240), and depreciation expenses decreased by 25 percent,
amounting to 415,000 manat ($244,120).
Furthermore, the center's expenses on professional services
totaled 217,000 manat ($128,000), unused vacation expenses were
78,000 manat ($46,000), insurance expenses were 13,000 manat
($7,500), and additional administrative expenses amounted to
496,000 manat ($290,000).
Other income of the National Depository Center decreased
threefold compared to 2022, dropping to 196,000 manat ($115,000),
down from 549,000 manat ($322,000) in 2022. In addition, in 2023,
the center incurred other expenses amounting to 1.55 million manat
($910,000).
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