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NKR: Statistics Of NKR Finances In 2008

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  • NKR: Statistics Of NKR Finances In 2008

    STATISTICS OF NKR FINANCES IN 2008

    NKR Government Information and Public Relations Department
    June 29, 2009

    In June, 2008, the NKR National Statistic Service published statistic
    collection "On Statistics of NKR Finances in 2008" which provides
    brief information on the NKR state finances, financial indices of the
    activity of organizations, activity of commercial banks and nonbanking
    organizations as well as on foreign currency costs.

    According to the accounts presented by commercial banks (branches)
    operative within the territory of the Republic, by January 1, 2009,
    credits amounted AMD 17812.8 mln and increased by 71.0% in comparison
    with the previous year.

    By January, 2009, credits allowed to physical persons amounted AMD
    7609.1 mln, where credits aimed at entrepreneurial activity and
    consumption lending formed correspondingly 18.6% and 81.4%. At the
    year beginning, 2009, the residue of deposits made by the population
    formed AMD 6796.9 mln and increased by 34.3% as compared with the
    previous year.

    The NKR National Statistic Service reviewed the accounts of 614
    organizations on their financial activity of 2008 against 578
    organizations' accounts of the last year. Only 451 organizations or
    73.5% of them operated in the black instead of correspondingly 398
    organizations or 68.9% of 2007.

    22.6% of the observed organizations operated at a loss against 26.1%
    of the previous year. The maximal indices of organizations operating
    in the black was recorded in commercial (88.9%) and communication
    branches (85.7%), that of organizations operating at a loss - in the
    sphere of industry (32.5%).

    In 2008, the index of profitableness of the observed organizations
    which depicts the efficiency of the organization's activity and is
    calculated as a ratio of profits earned on realization of production
    (products, service) to expenses incurred on production and realization,
    formed 17.9% in comparison with 19.2% of the previous year's analogous
    index. In 2008, the highest profitableness level was observed in the
    sphere of construction (31.2%).

    In 2008, the coefficient of current realization which characterizes
    the solvency of the organization and is calculated as the ratio of
    the factual value of all the circulation resources available in the
    organization to short-term obligations, amounted 111.5% against 141.5%
    of 2007.

    In 2008, the coefficient of self-financing which is calculated as a
    ratio of the organization's own resources to the entire quantity of
    sources of their formation and shows which part of assets is financed
    at the expense of the organization's own capital, formed 51.9%
    instead of 57.8% of the last year.

    According to the presented data, in 2008, taxes of AMD 10286.0 mln
    were exacted from the 614 organizations which forms 11.4% of their
    net profit (without value added taxes and excise duties). In 2007,
    the latter amounted 11.8%. In 2008, the ratio of the VAT to the net
    profit formed 6.0%, and in 2007 - 7.0%.

    In 2008, the observed organizations paid taxes of AMD 10348.6 mln
    into the State Budget, which forms nearly 89.0% of the taxes liable
    to be paid into the Budget by them (the residue of the year beginning
    inclusive).

    In 2008, 72.8% of the observed organizations or 447 of them possessed
    own fixed funds, the book value of which had formed AMD 58.5 mlrd by
    the end of the year. 63.4% of the fixed funds belongs to industrial
    organizations, in spite of the fact that industrial organizations
    formed 21.9% of the organizations being in possession of fixed funds.

    The investigation of sources of funds shows that 51.9% of them or
    AMD 59.2 mlrd form the own capital, an essential part of which formed
    the authorized capital.
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