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RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of January 24, 2001 No. 23

About approval of coefficients to original price of the privatized state companies (objects)

(as amended on 05-10-2016)

According to the resolution of the Cabinet of Ministers of the Azerbaijan Republic in the "Regulations on assessment of the privatized state-owned property" approved by the Presidential decree of the Azerbaijan Republic "About enhancement of safety and rational use of state-owned property" of June 6, 2007 the No. 586 Cabinet of Ministers of the Azerbaijan Republic decides:

1. Approve "Coefficients to original price of the privatized state companies (objects)" (are applied).

2. Recognize invalid Items 1 and 2 of the resolution of the Cabinet of Ministers of the Azerbaijan Republic "About enhancement of assessment of the privatized companies and objects" of August 27, 1999 as No. 140.

3. This resolution becomes effective from the date of signing.

 

Prime Minister

Azerbaijan Republic A. RASI-ZADE

Approved by the resolution of the Cabinet of Ministers of the Azerbaijan Republic of January 24, 2001 No. 23

Coefficients to original price of the privatized state companies (objects)

1. Coefficients to original price of the privatized state companies (objects) are established according to the Law of the Azerbaijan Republic "About privatization of state-owned property", "the II State program of privatization of state-owned property in the Azerbaijan Republic", in the "Regulations on assessment of the privatized state-owned property" approved by the Presidential decree of the Azerbaijan Republic "About enhancement of safety and rational use of state-owned property" of June 6, 2007 No. 586, and other regulatory legal acts.

2. The starting (selling) price or the established capital of the privatized companies and the organizations is established by application of the corresponding coefficients to their original price taking into account financial dependence of the company, vyigryshnost of its territorial arrangement and other indicators.

3. The authorized capital of joint-stock company is determined by the provided latest balance sheet data in the following procedure:

Формула 1 к Пост. от 24.01.2001 года №23

The starting (selling) price of the small state company is established according to the provided latest balance sheet data in the following procedure:

Формула 2 к Пост. от 24.01.2001 года №23

In case of separate privatization not being the legal entity of structural division of the state company (branch, production site, the shop, etc.) its starting (selling) price or the authorized capital are determined based on data of the distributed balance (the distributed statement) which is drawn up according to obligations at the time of privatization and approved by authority of management of the reorganized company in the following procedure:

Формула 3 к Пост. от 24.01.2001 года №23

The starting (selling) price of the state-owned property leased to non-state legal entities and physical persons or not being in use is established in the following procedure:

Формула 4 к Пост. от 24.01.2001 года №23

where:

Uk - the authorized capital of joint-stock company;

Nts - the starting (selling) price of the small state company;

Sts - the starting (selling) price of structural division, not being the legal entity;

Its - the starting (selling) price of the company of real state-owned property leased or not being in use;

A - total cost of balance sheet assets of the company;

П - book commitments of the company;

The Federal Law - coefficient of financial dependence of the company;

Sk - coefficient of security of the company with local raw materials;

Recreation center - yield ratio of the company;

Zk - coefficient of zone of the company;

Mk - coefficient of the location of the company (object);

Ats - the residual cost counted according to data of the financial accounting leased or which is not in use of the company of real state-owned property or the 5th Item.

In case of separate privatization of real estate (equipment) consisting on balance of the state company its starting (selling) price it is established according to the company as residual cost of this personal estate (equipment).

4. The following coefficients are applied to original cost of the company:

a) coefficient of financial dependence of the company (Kz):

if financial dependence of the company of 10 percent and below 1,0;

if financial dependence of the company 10 - 50 percent (50 inclusive) - 0,8;

if financial dependence of the company is higher than 50 percent - 0,7

b) Coefficient of security of the company with local raw materials (Sk):

if the company has opportunity to be supplied with local raw materials for 100 percent - 1,0;

if the company has opportunity to be supplied with local raw materials for 50-100 percent - 0,9;

if the company has opportunity to be supplied with local raw materials to 50 percent - 0,7

This coefficient is applied to the companies entering industrial sites and 50 percent and most of which part of profit for the last three years is received from productive activity on core activity;

c) yield ratio of the company (Recreation center):

for the companies which profitability level for the last three years constitutes over 20 percent - 1,3;

for the companies which profitability level for the last three years did not exceed 20 percent - 1,0;

for the companies which were not performing activities for the last three years - 0,9

d) zone coefficient of the company (Zk):

on the companies located in the city of Baku:

for the companies located in 1 - 6 zones - 1,3;

for the companies located in 7 - 9 zones - 1,2;

for the companies located in 10 - 12 zones - 1,0

on the companies located in the cities of Sumgayit and Ganja:

for the companies located in 1 - 4 zones - 1,0;

for the companies located in 5 - 6 zones (villages, settlements, etc.) - 0,8

on the companies located in Apsheronsky District:

for the companies located in 1 - 2 zones - 1,0;

for the companies located in other zones (villages, settlements, etc.) - 0,8

on the companies located in the cities and areas of republican subordination:

for the companies located in the cities and the district centers 0,8;

for the companies located in villages and settlements - 0,6;

for the companies located in the territories exempted from occupation - 0,5

e) coefficient of business location (object) (Rk): on the city of Baku:

1 zone 4,0

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