JSCs that have experienced Growth and Reduction of Capital 1993 – 2014

Open Data Albania has conducted research on the process of capital growth or reduction in JSCs operating in the country. Indicators were obtained from data of historical extracts of JSC-s as deposited in the National Registration Center NRC, June 2014.

Based on the research conducted, it turns out that about 438 JSCs, or about 51% of JSCs, have performed at least once a capital increase or decrease. Growth or reduction of capital is the process of adding or dilution of the value of shareholders equity as a result of the injection of new capital; reevaluation or ascending and dilutive effects in the assets of a company. From the establishment until June 2014 there are 420 Corporations that raised their capital at least once. The total value of the capital increase, from the foundation date up to the date taken into consideration, is 3.3 billion Euro.

 100 joint stock companies operating in the country have experienced capital reduction at least once. The reduced capital value of these 100 JSC from the establishment until June 2014 is 636 million euro. A significant proportion of capital increases relates to the revaluation of assets of JSCs in years and not by the injection of new capital by shareholders in these companies. From the subjects who experienced an increase or decrease of capital, only 338 JSC have experienced only capital increase; 18 JSC have experienced only capital reduction. While 82 JSC have experienced both at least once.

^{Data Source: National Registration Center
Comment and Analysis: Open Data Albania}

From the research it results that JSCs in the country in the period from the establishment until June 2014 have realized 1,091 cases of capital increase. 210 JSC realized capital increase only once. Commercial banks are the joint stock companies with more cases of capital increase also because of the requirements of the law under which they operate. Highest number of capital increase from one JSC is 19 cases.

At the macro level there is a net increase of capital of JSCs in the country of 2.69 billion euros. Total capital value of JSC that operate in Albania (June 2014), is estimated to be 2.88 billion euros. All calculations in this research were made with the standard exchange rate of the 30th of June, 2014. If the inflation deflator will be used this value may be slightly lower.

^{Data Source: National Registration Center
Comment and Analysis: Open Data Albania}

JSCs that have realized capital growth (1993-2014)

^{The exchange rate as of 06.30.2014: 1 EUR = 140.26 (Source: Bank of Albania)   
Data Source: National Registration Center   
Comment and Analysis: Open Data Albania} 

Companies have realized a total of 160 cases of reductions of the share capital. Capital reductions have a smaller frequency ranging from companies that have reduced their capital only in 1 case (70 JSC or about 43.8% of the subjects that have reduced their capital) to companies that have reduced capital in 8 cases.

Data Source: National Registration Center   
Comment and Analysis: Open Data Albania 

JSCs that have realized capital reduction (1993-2014)

^{The exchange rate as of 06.30.2014: 1 EUR = 140.26 (Source: Bank of Albania)   
Data Source: National Registration Center   
Comment and Analysis: Open Data Albania} 

Companies that have a high number of capital decrease are mainly state owned JSC, which is due to restructurings that were made to these institutions. So from 8 JSC who have experienced a reduction of capital for over 4 cases, 6 of them are state owned corporation, like the Albanian Power Corporation, Albpetrol, ARMO, the Albanian Railways, Albafilm, Albtelecom etc.