Publication of the 2016 financial statements of the APB in the Official State Gazette
Palma
06/09/2017
The Official State Gazette (BOE) has today published a resolution for the publication of the 2016 financial statements and the audit report of the Port Authority of the Balearic Islands (APB).
The 2016 financial year ended with a positive result of 19.7 million euros. The figure is down 10.45% on the previous financial year, which registered a profit of over 22 million euros.
Furthermore, turnover in 2016 was close to 69 million euros, practically the same as in 2015, maintaining zero long-term debt and the healthy financial situation of the entity.
The financial statements were drawn up based on the entity's accounting records ending 31 December 2016, which were produced pursuant to current legal accounting provisions and on the instructions issued by State Ports. The documents show a true and fair image of the assets, financial situation and the financial results, as well as the accuracy of the movements incorporated into the cash flow statement.
The financial statements were approved by the Board of Directors of the APB in a session held on 28 June 2017.
According to the audit report of the Regional Audit body of the Balearic Islands on the financial statements corresponding to the 2016 financial year: 'the financial statements express, in all significant aspects, a true and fair image of the assets and financial situation of the Port Authority of the Balearic Islands as of 31 December 2016, as well as its results and cash flows corresponding to said end date, pursuant to the applicable regulatory framework on financial information and, particularly, the accounting principles and criteria set out in it.'
The full document is available on www.portsdebalears.com
