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Kyrgyz Temir Zholu - largest debtor of State Property Management Fund

As of the beginning and end of 2017, Kyrgyz Temir Zholu state enterprise is a major debtor of the State Property Management Fund in net profit deductions. The Accounts Chamber said following the results of the audit of the State Property Management Fund for 2017.

The receipt of funds from the net profit of the state-owned enterprises amounted to 266.1 million soms. The annual revenue plan is 76.8 percent fulfilled.

As of the beginning of the year, the total indebtedness of state-owned enterprises in deductions from net profit amounted to 151.4 million soms, the overpayment on deductions from net profit — 2.6 million soms.

"The fund ensured receipt of dividends accrued on the state package of shares in the amount of 2.2 billion soms, or 77 percent to the plan. Compared to 2016, revenues decreased by 108.5 million soms. At the beginning of 2017, dividend payables of joint-stock companies to the state fund amounted to 60.2 million soms, the debt on accrued fines — 173.2 million soms. Kyrgyzaltyn OJSC and Khaidarkan Mercury Joint-Stock Company have the largest debt on dividends and fines, the statement said.

At the same time, the budget received 110 million soms from lease of the state property in 2017. The plan was exceeded by 83.3 percent, or by 50 million soms.

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