Financial statements

FINANCIAL STATEMENTS for THE CURRENT YEAR

Maliyyə vəziyyətinə dair hesabat: I Rüb-31.03.2025 tarixinə

*In Azerbaijani Manats*	31.03.2025	31.03.2024
ASSETS
Cash	1,77	808,53
Account balances	53.703,46	50.768,64
Cash and account balances	53.705,23	51.577,17
Short-term deposits placed in banks	0,00	0,00
Accrued interests receivable on deposits placed in banks	0,00	0,00
Short-term deposits placed in banks	0,00	0,00
Müştərilərə verilən kreditlər	1.159.077,57	1.187.286,65
Müştərilərə verilən kreditlər üzrə hesablanmış alınacaq faizlər	50.345,72	36.631,87
Loans and advances to customers	1.209.423,29	1.223.918,52
Müştərilərə verilən kreditlər üzrə mümkün zərərlərin ödənilməsi üçün xüsusi ehtiyat	-132.454,31	-136.296,58
Property and equipment	29.169,69	31.714,08
Intangible assets	1.151,18	1.279,09
Deferred profit tax asset	8.039,03	8.039,03
Current profit tax assets	789,68	1.863,97
Cost for future period	7.365,40	120,10
Other assets	4.249,55	6.468,15
TOTAL ASSETS	1.181.438,74	1.188.683,53

LIABILITIES
Earnings for future period	18.325,42	40.318,17
Long-term loans received from CBA	0,00	38.815,88
Accrued interest payable on long-term loans received from CBA	0,00	135,31
Maliyyə institutlarina ödəniləck vəsaitlər	0,00	0,00
Current profit tax liability	0,00	0,00
Other liabilities	880,63	181,79
CƏMİ ÕHDƏLİKLƏR	19.206,05	79.451,15
EQUITY
Charter Capital	592.000,00	592.000,00
Capital reserves	238.042,00	238.042,00
Retained earnings	316.018,90	254.865,91
Current year profit / (loss)	16.171,79	24.324,47
TOTAL EQUITY	1.162.232,69	1.109.232,38
TOTAL LIABILITIES AND EQUITY	1.181.438,74	1.188.683,53

Məcmu gəlirlər haqqında hesabat: I Rüb-31.03.2025 tarixinə

*In Azerbaijani Manats*	31.03.2025	31.03.2024
Interest income	73.936,11	67.663,25
Deposit income	0,00	127,78
Interest expense	0,00	-26,30
Net interest income	73.936,11	67.764,73
Non-interest income	454,69	411,91
Provision for loan impairment/(recovery of provision)	3.979,71	0,00
Net interest income after provision (provision recovery) for loan impairment	70.411,09	68.176,64
Fees and commission expenses	538,21	443,74
Salary and bonus, other expenses related to employees	48.645,28	37.535,90
Non-interest expenses	9.638,63	10.510,84
Non-interest expenses, total	58.822,12	48.490,48
Vergidən əvvəlki mənfəət/(zərər)	11.588,97	19.686,16
Tax paid on profits	0,00	0,00
Write-off from profits	0,00	0,00
Net profit (loss)	11.588,97	19.686,16
Other comprehensive income (Bad portfolio principal recovery)	2.190,86	514,09
Other comprehensive income (Bad portfolio interest debt recovery)	409,88	44,91
Other comprehensive income (recovery of restructuring portfolio according to the Decree)	1.982,08	4.079,31
Total gross profit	16.171,79	24.324,47

FINANCIAL STATEMENTS APPROVED BY AN EXTERNAL AUDITOR: 31.12.2023-31.12.2020

As of 31.12.2023

MALIYYƏ VƏZIYYƏTINƏ DAIR HESABAT-31.12.2023 tarixinə

In Azerbaijani Manats	31.12.2023	31.12.2022
Assets
Cash and cash equivalents	13,620	117,691
Loans and advances to customers	1,007,989	879,798
Deposits placed in banks	100,000	100,000
Property and equipment	31,714	36,635
Intangible assets	1,279	1,421
Deferred tax assets	8,039	7,065
Current profit tax assets	8,362	212
Other assets	7,415	33,942
TOTAL ASSETS	1,178,418	1,176,764
LIABILITIES
Earnings for future period	44,397	76,869
Due to financial institutions	38,925	77,675
Current tax liability	9,933	9,782
Other liabilities	255	2,377
Total liabilities	93,511	166,703
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained (losses)/earnings	254,866	180,019
Total equity	1,084,908	1,010,061
TOTAL LIABILITIES AND EQUITY	1,178,418	1,176,764

PROFIT AND LOSS STATEMENT-as of 31.12.2023

In Azerbaijani Manats	31.12.2023	31.12.2022
Interest income	235,264	253,657
Interest expense	-144	-170
Net interest income	253,120	253,487
Recovery of (provision)/provision for loan impairment	-2817	-1,879
Net interest income after provision for loan impairment	232,303	251,608
Fee and commission expenses	-1,949	-1653
Administrative and other operating expenses	-198,256	-212,815
Other income	14,751	11,771
Profit /(loss) before tax	49,667	48,911
Income tax benefit /(expense)	-9,933	-9,782
Comprehensive net income/ (loss) for the year	39,733	39,129
Other comprehensive income for the year	35,114	51,969
Total comprehensive income/ (loss) for the year	74,847	91,098

PUL VƏSAİTLƏRİNİN HƏRƏKƏTİ HESABATI-31.12.2023 tarixinə

In Azerbaijani Manats	31.12.2023	31.12.2022
Cash flow from operating activities
Profit/(loss) before income tax	49,667	48,911
Impairment loss on interest-bearing assets	2,817	5,202
Depreciation and amortization expenses	5,063	3,754
Net interest income	-235,264	-260,927
Cash flows from operating activities before changes in operating assets and liabilities	-177,717	-203,058
Net (decrease)/increase in loans and advances to customers	-98,643	97,339
Decrease / increase in deposits placed in banks	1,197	5,729
Net increase in funds payable to financial institutions	-38,749	-38,772
Vergi aktivlərində azalma /artma	-9,460	-6,816
Future period income decrease / increase	-32,471	-42,211
Net decrease/increase in other assets	32,573	-31,295
Net increase/(decrease) in other liabilities	-1,971	63,549
Pre-tax net cash used in operating activities	-147,524	-155,537
Paid profit tax	-9,933	-9,782
Interest received	230,959	261,097
Interest paid	144	-170.00
Net (decrease)/increase in cash and cash equivalents	-104,071	95,608
Cash and cash equivalents at the beginning of the year	117,691	22,083
Cash and cash equivalents at the end of the year	13,620	117,691

STATEMENT OF CHANGES IN FOUNDER'S CAPITAL - as of 31.12.2023

In Azerbaijani Manats	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
*In Azerbaijani Manats*	Charter Capital	Capital Reserves	Bölüşdürülməmiş Mənfəət	Total Capital
Balance as of December 31, 2022	592,000	238,042	180,019	1,010,061
Shares of founders	–	–	–	–
Total comprehensive income for the year	–	–	74,847	74,847
Balance as of December 31, 2023	592,000	238,042	254,866	1,084,908

As of 31.12.2022

MALIYYƏ VƏZIYYƏTINƏ DAIR HESABAT-31.12.2022 tarixinə

In Azerbaijani Manats	31.12.2022	31.12.2021
Assets
Cash and cash equivalents	117,691	22,083
Loans and advances to customers	879,798	977,137
Deposits placed in banks	100,000	105,729
Property and equipment	36,635	40,231
Intangible assets	1,421	1,579
Deferred tax assets	7,065	3,097
Current profit tax assets	212	2,252
Other assets	33,942	2,444
TOTAL ASSETS	1,176,764	1,154,552
LIABILITIES
Earnings for future period	76,869	119,080
Due to financial institutions	77,675	116,447
Deferred tax liability	9,782	–
Other liabilities	2,377	62
Total liabilities	166,703	235,589
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained (losses)/earnings	180,019	88,921
Total equity	1,010,061	918,963
TOTAL LIABILITIES AND EQUITY	1,176,764	1,154,552

PROFIT AND LOSS STATEMENT: 31.12.2021 – 31.12.2022

In Azerbaijani Manats	31.12.202	31.12.2021
Interest income	253,657	262,158
Interest expense	-170	-4,083
Net interest income	253,487	258,075
Recovery of (provision)/provision for loan impairment	-1,879	-63,164
Net interest income after provision for loan impairment	251,608	194,911
Fee and commission expenses	-1653	-3,212
Administrative and other operating expenses	-212,815	-162,829
Other income	11,771	2,726
Other income / (losses), net	–	719
Write-off	–	-3259
Profit /(loss) before tax	48,911	29,056
Income tax benefit /(expense)	-9,782	-5811
Comprehensive net income/ (loss) for the year	39,129	23,245
Other comprehensive income for the year	51,969	26,222
Total comprehensive income/ (loss) for the year	91,098	49,467

PUL VƏSAİTLƏRİNİN HƏRƏKƏTİ HESABATI -31.12.2022 tarixinə

*In Azerbaijani Manats*	31.12.2022	31.12.2021
Cash flow from operating activities
Profit/(loss) before income tax	48,911	29,056
Impairment loss on interest-bearing assets	5,203	63,164
Depreciation and amortization expenses	3,755	5,119
Net interest income	-260,927	-258,075
Loan write-off	–	3259
Cash flows from operating activities before changes in operating assets and liabilities	-203,058	-157,477
Net (decrease)/increase in loans and advances to customers	97,339	-12,052
Decrease / increase in deposits placed in banks	5,729	94,271
Net increase in funds payable to financial institutions	-38,772	-152,501
Vergi aktivlərində azalma /artma	-6,816	-249
Future period income decrease / increase	-42,211	-31,854
Net decrease/increase in other assets	-31,295	66
Net increase/(decrease) in other liabilities	63,549	-499
Pre-tax net cash used in operating activities	-155,537	-260,295
Paid profit tax	-9,782	-14,800
Interest received	261,096	206,060
Interest paid	-170
Net cash used in operating activities	95,608	-39,435
Net (decrease)/increase in cash and cash equivalents	95,608	-39,435
Cash and cash equivalents at the beginning of the year	22,083	61,518
Cash and cash equivalents at the end of the year	117,691	22,083

STATEMENT OF CHANGES IN FOUNDER'S CAPITAL - as of 31.12.2022

In Azerbaijani Manats	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
Balance at 31 December 2021	592,000	238,042	88,921	918,963
Shares of founders	–	–	–	–
Total comprehensive income for the year	–	–	91,098	91,098
Balance at 31 December 2022	592,000	238,042	180,019	1,010,061

As of 31.12.2021

MALIYYƏ VƏZIYYƏTINƏ DAIR HESABAT-31.12.2021 tarixinə

In Azerbaijani Manatsə	31.12.2021	31.12.2020
Assets
Cash and cash equivalents	22,083	61,518
Loans and advances to customers	977,137	965,085
Deposits placed in banks	105,729	200,000
Property and equipment	40,231	45,174
Intangible assets	1,579	1,755
Deferred tax assets	3,097	2,848
Current profit tax assets	2,252	11,049
Other assets	2,444	2,510
TOTAL ASSETS	1,154,552	1,289,939
LIABILITIES
Earnings for future period	119,080	150,934
Due to financial institutions	116,447	268,948
Deferred tax liability	–	–
Other liabilities	62	561
Total liabilities	235,589	420,443
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained (losses)/earnings	88,921	39,454
Total equity	918,963	869,496
TOTAL LIABILITIES AND EQUITY	1,154,552	1,289,939

PROFIT AND LOSS STATEMENT-as of 31.12.2021

In Azerbaijani Manats	31.12.2021	31.12.2020
Interest income	262,158	218,881
Interest expense	-4,083	-8,738
Net interest income	258,075	210,143
Recovery of (provision)/provision for loan impairment	-63,164	-42,877
Net interest income after provision for loan impairment	194,911	167,266
Fee and commission expenses	-3,212	-4,005
Administrative and other operating expenses	-162,829	-169,490
Other income	2,726	1,407
Other income / (losses), net	719	19,443
Loan write-off	-3259	–
Profit /(loss) before tax	29,056	14,621
Income tax benefit /(expense)	-5811	-2,924
Comprehensive net income/ (loss) for the year	23,245	11,697
Other comprehensive income for the year	26,222	–
Total comprehensive income/ (loss) for the year	49,467	11,697

PUL VƏSAİTLƏRİNİN HƏRƏKƏTİ HESABATI-31.12.2021 tarixinə

In Azerbaijani Manats	31.12.2021	31.12.2020
Cash flow from operating activities
Profit/(loss) before tax	29,056	14,621
Impairment loss on interest-bearing assets	63,164	42,877
Depreciation and amortization expenses	5,119	5,244
Net interest income	-258,075	-210,143
Loan write-off	3259
Cash flows from operating activities before changes in operating assets and liabilities	-157,477	-147,401
Net (decrease)/increase in loans and advances to customers	-12,052	-147,408
Decrease (increase) in deposits placed in banks	94,271	-182,954
Net increase in funds payable to financial institutions	-152,501	148,137
Vergi aktivlərində artma	-249	-2,848
Earnings for future period decrease/increase	-31,854	-4,736
Net decrease/(increase) in other assets	66	1,523
Net increase/(decrease) in other liabilities	-499	-1,233
Pre-tax net cash used in operating activities	-260,295	-336,920
Paid profit tax	-14,800	-1,500
Interest received	206,060	170,252
Net cash used in operating activities	-39,435	-168,168
Net cash used in investing activities
Acquisition of premises and equipment	–	–
Net (decrease)/increase in cash and cash equivalents	-39,435	-168,168
Cash and cash equivalents at the beginning of the year	61,518	229,686
Cash and cash equivalents at the end of the year	22,083	61,518

STATEMENT OF CHANGES IN FOUNDER'S CAPITAL - as of 31.12.2021

In Azerbaijani Manats	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
Balance at 31 December 2020	592,000	238,042	39,454	869,496
Shares of founders	–	–	–	–
Total comprehensive income for the year	–	–	49,467	49,467
Balance at 31 December 2021	592,000	238,042	88,921	918.963

As of 31.12.2020

MALIYYƏ VƏZIYYƏTINƏ DAIR HESABAT-31.12.2020 tarixinə

In Azerbaijani Manats	31.12.2020	31.12.2019
Assets
Cash and cash equivalents	61,518	229,686
Loans and advances to customers	965,085	817,677
Deposits placed in banks	200,000	17,046
Property and equipment	45,174	50,223
Intangible assets	1,755	1,950
Deferred tax assets	2,848	–
Current profit tax assets	11,049	19,390
Other assets	2,510	4,033
TOTAL ASSETS	1,289,939	1,140,005
LIABILITIES
Earnings for future period	150,934	155,670
Due to financial institutions	268,948	120,811
Deferred tax liability	–	3,931
Other liabilities	561	1,794
Total liabilities	420,443	282,206
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained (losses)/earnings	39,454	27,757
Total equity	869,496	857,799
TOTAL LIABILITIES AND EQUITY	1,289,939	1,140,005

PROFIT AND LOSS STATEMENT-as of 31.12.2020

In Azerbaijani Manats	31.12.2020	31.12.2019
Interest income	218,881	181,523
Interest expense	-8,738	-2,217
Net interest income	210,143	179,306
Recovery of (provision)/provision for loan impairment	-42,877	-1,248
Net interest income after provision for loan impairment	167,266	178,058
Fee and commission expenses	-4,005	-7,550
Administrative and other operating expenses	-169,490	-166,033
Other income	1,407	1,404
Other income / (losses), net	19,443	33,076
Profit /(loss) before tax	14,621	38,955
Income tax benefit /(expense)	-2,924	-7,791
Comprehensive net income/ (loss) for the year	11,697	31,164
Total comprehensive income/ (loss) for the year	11,697	31,164

PUL VƏSAİTLƏRİNİN HƏRƏKƏTİ HESABATI-31.12.2020 tarixinə

In Azerbaijani Manats	31.12.2020	31.12.2019
Cash flow from operating activities
Profit /(loss) before tax	14,621	38,955
Impairment gain/loss on interest-bearing assets	42,877	1,248
Depreciation and amortization expenses	5,244	6,031
Net interest income	-210,143	-179,306
Cash flows from operating activities before changes in operating assets and liabilities	-147,401	-133,072
Net (decrease)/increase in loans and advances to customers	-147,408	-264,529
Decrease (increase) in deposits placed in banks	-182,954	150,305
Net increase in funds payable to financial institutions	148,137	120,811
Vergi aktivlərində artma	-2,848	471
Earnings for future period increase	-4,736	155,670
Net decrease/(increase) in other assets	1,523	-3,994
Net increase/(decrease) in other liabilities	-1,233	573
Pre-tax net cash used in operating activities	-336,920	26,235
Paid profit tax	-1500	–
Interest received	170,252	170,442
Net cash used in operating activities	-168,168	196,677
Net cash used in investing activities
Acquisition of premises and equipment	–	-1,164
Net (decrease)/increase in cash and cash equivalents	-168,168	195,513
Cash and cash equivalents at the beginning of the year	229,686	34,173
Cash and cash equivalents at the end of the year	61,518	229,686

STATEMENT OF CHANGES IN FOUNDER'S CAPITAL - as of 31.12.2020

In Azerbaijani Manats	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
As of 31 dekabr 2019	592,000	238,042	27,757	857,799
Shares of founders	–	–	–	–
Total comprehensive income for the year	–	–	11,697	11,697
31 dekabr 2020-cı il tarixinə qalıq	592,000	238,042	39,454	869,496

KƏNAR AUDİTOR TƏRƏFİNDƏN TƏSDİQLƏNMİŞ MALİYYƏ HESABATLARI: 31.12.2019-31.12.2010

Contents

As of 31.12.2018 – 31.12.2019

STATEMENT OF FINANCIAL POSITION: 31.12.2018 – 31.12.2019

*In Azerbaijani Manats*	31.12.2019	31.12.2018
Assets
Cash and cash equivalents	229,686	34,173
Loans and advances to customers	817,677	553,148
Deposits placed in banks	17,046	167,351
Property and equipment	50,223	54,873
Intangible assets	1,950	2,166
Deferred tax assets	–	2,714
Current profit tax assets	19,390	13,390
Other assets	4,033	39
TOTAL ASSETS	1,140,005	827,854
LIABILITIES
Earnings for future period	155,670	–
Due to financial institutions	120,811	–
Deferred tax liability	3,931	–
Other liabilities	1,794	1,219
Total liabilities	282,206	1,219
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained (losses)/earnings	27,757	-3,407
Total equity	857,799	826,635
TOTAL LIABILITIES AND EQUITY	1,140,005	827,854

PROFIT AND LOSS STATEMENT: 31.12.2018 – 31.12.2019

*In Azerbaijani Manats*	31.12.2019	31.12.2018
Interest income	181,523	175,547
Interest expense	-2,217
Net interest income	179,306	175,547
Recovery of (provision)/provision for loan impairment	-1,248	22,734
Net interest income after provision for loan impairment	178,058	198,281
Fee and commission expenses	-7,550	-4,939
Administrative and other operating expenses	-166,033	-163,446
Other income	1,404	17,098
Other income / (losses), net	33,076	23,986
Profit /(loss) before tax	38,955	70,980
Income tax benefit /(expense)	-7,791	-25,288
Comprehensive net income/ (loss) for the year	31,164	45,692
Total comprehensive income/ (loss) for the year	31,164	45,692

STATEMENT OF CASH FLOWS: 31.12.2018 – 31.12.2019

*In Azerbaijani Manats*	31.12.2019	31.12.2018
Cash flow from operating activities
Profit /(loss) before tax	38,955	70,980
Impairment gain/loss on interest-bearing assets	1,248	-22,734
Depreciation and amortization expenses	6,031	6,884
Net interest income	-179,306	-175,547
Cash flows from operating activities before changes in operating assets and liabilities	133,072	–120,417
Net (decrease)/increase in loans and advances to customers	-264,529	125,110
Decrease (increase) in deposits placed in banks	150,305	-167,000
Net increase in funds payable to financial institutions	120,811	–
Increase in tax assets	471	-3,886
Earnings for future period increase	155,670	–
Net decrease/(increase) in other assets	-3,994	257
Net increase/(decrease) in other liabilities	573	1,056
Pre-tax net cash used in operating activities	26,235	–164,880
Paid profit tax	–	-5,880
Interest received	170,442	172,598
Net cash used in operating activities	196,677	1,838
Net cash used in investing activities
Acquisition of premises and equipment	-1,164	–
Net (decrease)/increase in cash and cash equivalents	195,513	1,838
Cash and cash equivalents at the beginning of the year	34,173	32,335
Cash and cash equivalents at the end of the year	229,686	34,173

STATEMENT of CHANGES in EQUITY: 31.12.2018 – 31.12.2019

*In Azerbaijani Manats*	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
Balance at 31 December 2018	592,000	238,042	-3,407	826,635
Shares of founders	–	–	–	–
Total comprehensive income for the year	–	–	31,164	31,164
Balance at 31 December 2019	592,000	238,042	27,757	857,799

As of 31.12.2016 – 31.12.2017

STATEMENT OF FINANCIAL POSITION: 31.12.2016 – 31.12.2017

*In Azerbaijani Manats*	31.12.2017	31.12.2016
Assets
Cash and cash equivalents	32,335	36,927
Loans and advances to customers	652,927	699,732
Property and equipment	61,516	69,380
Intangible assets	2,407	2,674
Deferred tax assets	25,559	21,235
Current profit tax assets	6,066	26,820
Other assets	296	78
TOTAL ASSETS	781,106	856,846
LIABILITIES
Due to financial institutions	–	57,403
Deferred tax liability	–	–
Other liabilities	163	563
Total liabilities	163	57,966
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained (losses)/earnings	-49,099	-31,162
Total equity	780,943	798,880
TOTAL LIABILITIES AND EQUITY	781,106	856,846

PROFIT AND LOSS STATEMENT: 31.12.2016 – 31.12.2017

*In Azerbaijani Manats*	31.12.2017	31.12.2016
Interest income	186,711	236,033
Interest expense	-704	-10,984
Net interest income	186,007	225,049
Provision for loan impairment	-18,057	-160,773
Net interest income after provision for loan impairment	167,950	64,276
Fee and commission expenses	-5,437	-5,770
Administrative and other operating expenses	-160,673	-215,564
Net income from foreign currency transactions	-62	4,718
Other income	3,765	13,673
Other income / (losses), net	-17,069	–
Profit /(loss) before tax	-11,526	-138,667
Income tax benefit /(expense)	-6,411	8,702
Comprehensive net loss for the year	-17,937	-129,965
Comprehensive loss for the year	-17,937	-129,965

STATEMENT OF CASH FLOWS: 31.12.2016 – 31.12.2017

*In Azerbaijani Manats*	31.12.2017	31.12.2016
Cash flow from operating activities
Loss before income tax	-11,526	-138,667
Impairment loss on interest-bearing assets	18,057	160,773
Depreciation and amortization expenses	8,181	9,763
Exchange rate difference on foreign currency transactions	62	-4,718
Net interest income	-186,007	-225,049
Interest income written off	34,503	–
Cash flows from operating activities before changes in operating assets and liabilities	-136,730	-197,898
Net decrease in loans and advances to customers	11,258	288,950
Net decrease in due to financial institutions	-57,403	-326,917
Net decrease in tax assets	10,019	–
Net decrease/(increase) in other assets	(218)	21
Net increase/(decrease) in other liabilities	(400)	381
Pre-tax net cash used in operating activities	-173,474	-235,463
Paid profit tax	–	-24,112
Interest paid	-704	-10,907
Interest received	169,698	231,261
Net cash used in operating activities	-4,480	-39,221
Net cash used in investing activities	-50	-502
Effect of exchange rate differences on cash and cash equivalents	62	2,536
Net (decrease)/increase in cash and cash equivalents	-4,592	-37,187
Cash and cash equivalents at the beginning of the year	36,927	74,114
Cash and cash equivalents at the end of the year	32,335	36,927

STATEMENT of CHANGES in EQUITY: 31.12.2016 – 31.12.2017

*In Azerbaijani Manats*	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
Balance at 31 December 2016	592,000	238,042	-31,162	798,880
Shares of founders	–	–	–	–
Gross loss for the year	–	–	-17,937	-17,937
Balance at 31 December 2017	592,000	238,042	-49,099	780,943

As of 31.12.2014 – 31.12.2015

STATEMENT OF FINANCIAL POSITION: 31.12.2014 – 31.12.2015

*In Azerbaijani Manats*	31.12.2015	31.12.2014
Assets
Cash and cash equivalents	74,114	13,029
Loans and advances to customers	1,144,683	1,409,118
Property and equipment	78,344	65,861
Intangible assets	2,971	3,302
Deferred tax assets	0	1,055
Current profit tax assets	15,399	–
Other assets	99	1,438
TOTAL ASSETS	1,315,610	1,493,803
LIABILITIES
Due to financial institutions	386,423	525,526
Mənfəət vergisi öhdəliyi	–	12,594
Deferred tax liability	160	–
Other liabilities	182	411
Total liabilities	386,765	538,531
EQUITY
Charter capital	592,000	592,000
Capital reserves	238,042	238,042
Retained earnings	98,803	125,230
Total equity	928,845	955,272
TOTAL LIABILITIES AND EQUITY	1,315,610	1,493,803

PROFIT AND LOSS STATEMENT: 31.12.2014 – 31.12.2015

*In Azerbaijani Manats*	31.12.2015	31.12.2014
Interest income	408,653	430,398
Interest expense	(43,347)	(27,662)
Net interest income	365,306	402,736
Kreditlərin dəyərsizləşməsi üzrə (ehtiyat xərcləri)/ ehtiyatların bərpa olunması	(129,036)	(16,467)
Net interest income after provision for loan impairment	236,270	386,269
Fee and commission expenses	(13,720)	(18,847)
Administrative and other operating expenses	(244,943)	(218,331)
Xarici Valyuta ilə Əməliyyatlar üzrə xalis gəlir	15,132	–
Other income	6,153	2,262
Profit /(loss) before tax	(1,108)	151,353
Mənfəət vergisi xərci	(25,320)	(33,321)
İl üzrə xalis mənfəət /(zərər)	(26,428)	118,032
Other comprehensive income for the year	–	–
Total comprehensive income/ (loss) for the year	(26,428)	118,032

STATEMENT OF CASH FLOWS: 31.12.2014 – 31.12.2015

*In Azerbaijani Manats*	31.12.2015	31.12.2014
Cash flow from operating activities
Vergidən əvvəl mənfəət / (zərər)	(1,108)	151,353
Düzəlişlər:
Kreditlər üzrə dəyərsizləşmədən zərər/ (gəlir)	129,036	16,467
Depreciation and amortization expenses	8,037	6,184
Hesablanmış faizlərdə xalis dəyişmələr	(6,729)	513
Cash flows from operating activities before changes in operating assets and liabilities	129,236	174,517
Müştərilərə verilmiş kreditlər və avanslarda silinmələr	(50,265)	–
Müştərilərə verilmiş kreditlər və avanslarda xalis azalma/(artma)	192,392	116,056
Maliyyə institutlarına ödəniləcək vəsaitlərdə xalis (azalma)/artma	(139,103)	(265,867)
Digər əməliyyat aktivlərində artma	1,339	(410)
Digər əməliyyat öhdəliklərində azalma	(226)	(348)
Pre-tax net cash used in operating activities	133,373	23,948
Paid profit tax	(52,098)	(31,719)
Net cash used in operating activities	81,275	(7,771)
İnvestisiya fəaliyyətindən daxil olan pul vəsaitlərinin axını
Mebel avadanlıqlarının alınması	(20,190)	(4,139)
Əsas vəsaitlərin silinməsi	–	–
Net cash used in investing activities	(20,190)	(4,139)
Net (decrease)/increase in cash and cash equivalents	61,085	(11,910)
Cash and cash equivalents at the beginning of the year	13,029	24,939
Cash and cash equivalents at the end of the year	74,114	13,029

STATEMENT of CHANGES in EQUITY: 31.12.2014 – 31.12.2015

*In Azerbaijani Manats*	Charter Capital	Capital Reserves	Retained Earnings	Total Capital
31 dekabr 2014-cü il tarixinə qalıq	592,000	238,042	125,231	955,273
Shares of founders	–	–	–	–
Gross loss for the year	–	–	(26,428)	(26,428)
31 dekabr 2015-ci il tarixinə qalıq	592,000	238,042	98,803	928,845

As of 31.12.2012 – 31.12.2013

STATEMENT OF FINANCIAL POSITION: 31.12.2012 – 31.12.2013

ASSETS	31.12.2013	31.12.2012
Kassa və banklardakı nağd pul	24938,54	7540,37
Cəmi kreditlər	1528964,98	698296,46
Zərər üçün ehtiyatlar	(602,79)	(991,43)
Xalis kreditlər	1528362,19	697305,03
Other assets	5861.31	8150.43
Əsas vəsaitlərin xalis dəyəri	67539,86	5197,27
Intangible assets	3668.40	2916,00
CƏMİ AKTİVLƏR	1630370,3	721109,10
PASSİVLƏR VƏ KAPİTAL
Cəlb edilmiş vəsaitlər	791393,28	0,00
Qısa müddətli öhdəliklər	8910,44	15356,57
Cəmi Öhdəliklər	800303,72	15356,57
Charter capital	467000,00	336900,00
Retained earnings (losses) of prior years	125024,58	130810,53
Capital reserves	238042,00	238042,00
Total Capital	830066,58	705752,53
CƏMİ PASSİVLƏR VƏ KAPİTAL	1630370,30	721109,10

PROFIT AND LOSS STATEMENT: 31.12.2012 – 31.12.2013

GÖSTƏRİCİLƏR	31.12.2013	31.12.2012
Interest income	348929.47	281084,00
Other income	13173.98	12152,14
Cəmi Ümumi Gəlirlər	362103,45	293236,14
Cəmi Əməliyyat Xərcləri	(204935,13)	(137974,85)
Əməliyyat mənfəəti	157168,32	155261,29
Qeyri-əməliyyat xərcləri	1420,61	2878,23
Mənfəət vergisi hesablanmalıdır	31433,66	31052,26
Vergidən sonrakı Mənfəət	124314,05	121330,80

NƏĞD PUL VƏSAİTLƏRİNİN HƏRƏKƏTİ HESABATI: 31.12.2012 -31.12.2013

Əməliyyat və maliyyə fəaliyyəti	31.12.2013	31.12.2012
Əməliyyat fəaliyyəti üzrə pul vəsaitlərinin axını	126555,82	115608,51
Cari ilin vergi cıxıldıqdan sonrakı mənfəəti(zərəri)	124314,05	121330,80
Amortizasiya ayrımları	6398,78	1833,27
Cari aktivlərin azalması (artması)	2289,12	(596,35)
Cari öhdəliklərin artması	(6446,13)	(6959,21)
İnvestisya fəaliyyətləri üzrə pul vəsaitlərinin axını	900550,93	111683,87
İnvestisiyadan pul axını	831057,16	111213,49
Əsas vəsaitlərin alınmasından	69493,77	470,38
Maliyyə fəaliyyətləri üzrə pul vəsaitlərinin axını	791393,28	(300,00)
Qısa və uzun müddətli öhdəliklərin artımı	791393,28	0,00
Nizamnamə (pay) kapitalının artımı	130100,00	88033,46
Qazanılan gəlirin artımı	(130100,00)	(88333,46)
Pul vəsaitlərində dəyişikliklər	17398,17	3624,65
Maliyyə ilinin əvvəlinə nağd pul vəsaiti	7540,37	3915,72
Maliyyə ilinin sonuna nağd pul vəsaiti	24938,54	7540,37

KAPİTALLARDA MEYDANA GƏLƏN DƏYİŞİKLİKLƏR HESABATI: 31.12.2012 – 31.12.2013

Göstəricilər	Charter Capital	Capital Reserves	Keçmiş İllərin Mənfəəti	Kapitalın Cəmi
01.01.2013-cü il tarixinə Balans	336900,00	238042,00	130810,53	705752,53
2013-cü il ərzində dəyişikliklər	130100,00	0,00		130100,00
Cari ilin mənfəəti			124314,05	124314,05
Köçürmələr			(130100,00)	(130100,00)
31.12.2013-cü il tarixinə Balans	467000,00	238042,00	125024,58	830066,58

As of 31.12.2010 – 31.12.2011

STATEMENT OF FINANCIAL POSITION: 31.12.2010 – 31.12.2011

ASSETS	31.12.2011	31.12.2010
Kassa və banklardakı nağd pul	3915,72	3303,86
Xalis Kreditlər	586091,54	500537,79
Diğər cari aktivlər	964,40	912,00
Hesablanmış faizlər	6589,69	9551,12
Əsas vəsaitlərin xalis dəyəri	9476,15	1909,18
CƏMİ AKTİVLƏR	607037,50	516213,95
PASSİVLƏR VƏ KAPİTAL
Qısa müddətli öhdəliklər	22315,78	5878,77
Total liabilities	22315,78	5878,77
Charter Capital	248866,54	4880,00
Retained earnings (losses) of prior years	97813,18	23426,64
Capital Reserves	238042,0	482028,54
Cəmi Kapital və bölüşdürülməmiş mənfəət	584721,72	510335,18
CƏMİ PASSİVLƏR VƏ KAPİTAL	607037,50	516213,95

PROFIT AND LOSS STATEMENT: 31.12.2010 – 31.12.2011

GÖSTƏRİCİLƏR	31.12.2011	31.12.2010
Interest income	239278,22	151217,19
Komission gəlirləri	11853,80	9181,00
Other income	85,00	40,00
Ümumi Gəlirlər, cəmi	251217,02	160438,19
Əməliyyat xərcləri	150506,30	106861,65
Əldə edilən Mənfəət	100710,72	53576,54
Mənfəət vergisi hesablanmalıdır	26324,17	5856,67
Vergidən sonrakı Mənfəət	74386,54	47719,87

NƏĞD PUL VƏSAİTLƏRİNİN HƏRƏKƏTİ HESABATI: 31.12.2010 – 31.12.2011

GÖSTƏRİCİLƏR	31.12.2011	31.12.2010
Maliyyə ilinin əvvəlinə nağd pul vəsaiti	3303,86	22855,82
Cari öhdəliliklərdəki artım	16437,01	5724,18
Cari aktivlərin azalması (artması)	2909,03	(6235,48)
İnvestisiyadan nağd pulun axımı	(95051,39)	(67396,93)
Cari İlin Mənfəəti (zərəri)	74386,54	47719,87
Cari Amortizasiya ayrımı	1930,67	636,40
Maliyyə ilinin sonuna nağd pul vəsaiti	3915,72	3303,86

KAPİTALLARDA MEYDANA GƏLƏN DƏYİŞİKLİKLƏR HESABATI: 31.10.2010 – 31.10.2011

Göstəricilər	Charter Capital	Capital Reserves	Keçmiş İllərin Mənfəəti	Kapitalın Cəmi
01.01.2011-ci il tarixinə Balans	4880,00	482028,54	23426,64	510335,18
2011-ci il ərzində dəyişikliklər	243986,54	(243986,54)	0	0
Cari İlin Mənfəəti		0	74386,54	74386,54
Köçürmələr		0	0	0
31.12.2011-ci il tarixinə Balans	248866,54	238042,00	97813,18	584721,72