The APB closes the 2017 financial statements with a profit of 20.5 million euros
Palma
28/08/2018
The financial statements of the Port Authority of the Balearic Islands (APB) pertaining to financial year 2017 show a profit of 20.5 million euros, an increase of 3.9 % with regards to the year before when the profit exceeded 19.7 million euros.
Furthermore, the turnover in 2017 was 73 million euros, exceeding the 2016 figures (with 69 million euros), maintaining zero long-term debt and the healthy financial situation of the entity. All ports except for the Port of Palma showed an increase in this section with regards to 2016. Therefore, the Port of Palma reported a net business turnover of 41 million euros, the Port of Ibiza 20.3 million, Alcudia 4.9 million, La Savina 2.4 million and, finally, the Port of Mahon 4.1 million euros.
The APB has just published its 2017 financial statements at www.portsdebalears.com along with the audit report by the General State Comptroller through the Regional Audit Body of the Balearic Islands.
The financial statements were drawn up based on the port authority's accounting records ending 31 December 2017, which were produced pursuant to current legal accounting provisions and on the instructions issued by State Ports. They portray a true and fair image of the assets, the financial position and results, and also of the accuracy of the cash flows included in the cash flow statement. These financial statements were approved by the APB's Board of Directors on 27 June 2018.
The full document is available at www.portsdebalears.com.
