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Finance 01/06/2011 Alliance Leasing posts 492.501m soums of net income in 2010
Alliance Leasing posts 492.501m soums of net income in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Uzbek-British Joint Venture in the form of the open joint-stock company Alliance Leasing posted 492.501 million soums of net income in 2010 against 354.808 million soums in 2009, the annual report of the company said.

The company said it successfully finance projects on development of small and private businesses. The company rendered leasing services for 3.009 billion soums to private firms and companies. It handed over 18 leasing objects in the reporting period.

Alliance Leasing said that four deals for 106 million soums fell to share of automobile leasing and 13 projects worth 2.883 billion soums were financial leasing. The company also realized one project on returned leasing for 20 million soums.

According to the audited balance sheet, the gross income of the company rose from 360.541 milion soums in 2009 to 600.088 million soums in 2010. Expenses made up 368.911 million soums in 2010 against 304.014 million soums in 2009.

Other income from main activity rose from 144.955 million soums in 2009 to 286.063 million soums in 2010. Profit from main activity exceeded 517.24 million soums in 2010 compared to 301.483 million soums in 2009.

Income of financial activity decreased from 96.277 million soums in 2009 to 39.072 million soums in 2010, expenses from financial activity rose from 31.556 million soums in 2009 to 39.782 million soums in 2010.

Assets of Alliance Leasing grew from 2.061 billion soums in 2009 to 2.968 billion soums in 2010. Long-term assets made up 2.707 billion soums in 2010 against 1.672 billion soums in 2009, while current assets fell from 389.183 million soums in 2009 to 261.702 million soums in 2010.

Own capital of the company made up 2.29 billion soums in 2010 compared to 1.527 billion soums in 2009. The charter capital of the company grew from 1.097 billion soums to 1.706 billion soums in the reporting period. Undistributed income grew from 417.38 million soums to 555.069 million soums.

Uzbek-British Joint Venture in the form of the open joint-stock company Alliance Leasing was established on 29 December 2007 via attraction of the foreign direct investment. The major foreign shareholder of the company is AGS Capital Ltd.(United Kingdom).

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