Overdue accounts payable of Belarusian companies grows 20% yts in Jan-Oct

By bne IntelliNews November 17, 2014

In January-October, the overdue accounts payable of Belarusian companies increased by 20% ytd and reached BYR34.7 trillion ($3bn), accounting for 12.6% of total accounts payable (10.8% as of October 1, 2013), the State Statistics Committee has announced. During September, overdue accounts payable grew by 1.9%. As of October 1, the share of industry organizations had 41.8% of overdue accounts payable, agriculture - 29.4%, trade, repair of vehicles, household goods and personal items - 10.5%, construction - 9%.

Accounts receivables of the Belarusian companies as of October 1 amounted to BYR215.6 trillion, including overdue-BYR37.6 trillion or 17.4% of total accounts receivables (as of October 1 2013-13.9%). Overdue accounts receivable for the year rose 29% in September - 1.4%. As of October 1, the share of industrial companies had 52.5%, trade, repair of vehicles, household goods and personal items - 20.1%, construction - 11.8% of organizations in operations with real estate, renting and services to consumers - 6.6%, agriculture - 4.4%.

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