The equity capital of Belarusian companies (except for banks, insurance and state-funded companies, micro- and small-sized companies without departmental affiliation) grew by 0.8% in January-July to Br112.8 billion ($57.6 billion), Belarus’ National Statistical Committee (Belstat) said in a statistical report.
Companies’ liabilities stood at Br120.7 billion ($61.7 billion) as of July 1, up by 10.9% in January-July. The assets of Belarusian companies reporting to Belstat stood at Br233.5 billion ($119.3 billion), up by 5.8% compared to the level of January 1, 2016. Hence, Belarusian companies’ equity capital demonstrated an insignificant growth in January-July due to slow asset growth.
Equity capital reduced in January-July in the following sectors: mining operations (except oil and gas) – down by 1.5% to Br230.2 million ($117.7 million), production of vehicles and equipment – down by 5.7% to Br1.6 billion ($840 million), wholesale trade – down by 6.5% to Br2 billion ($1 billion), retail trade – down by 6.3% to Br2.7 billion ($1.4 billion), waterway transport – down by 1.7% to Br24.5 million ($12.5 million), telecom – down by 1.3% to Br2.9 billion ($1.5 billion), administration and accessory services – down by 1.8% to Br1.1 billion ($584.7 million).
Equity capital demonstrated the most significant growth in January-July in the following sectors: production of pharmaceuticals – up by 9.9% to Br498.6 million ($254.8 million), trading in vehicles and motorcycles – up by 8% to Br233.6 million ($119.4 million), hotel accommodation services – up by 7.9% to Br630.6 million ($322.2 million), timber and paper manufacturing, printing – up by 7.7% to Br1.7 billion ($892.1 million).
In the period from January 1 to July 1, the capital to liability ratio of Belarusian companies dropped from 102.8% to 93.5%. Production of coke and petroleum products – down from 208.1% to 157%; water supply, waste collection and recycling – down from 286.3% to 246.6%, production of electric equipment – down from 158.3% to 125.9%.
As of July 1, the highest capital to liability ratio was registered in warehousing and accessory transportation services – 838.7%, extraction of crude oil and natural gas – 466.1%, education – 371.7%.
As of July 1, the lowest capital to liability ratio was registered in timber and paper manufacturing, printing – 25.1%, forestry and timber – 28.8%, retail trade – 31.6%, metal production – 33.1%. (Prime-TASS/Business World Magazine)
