The financial statements of the Port Authority of the Balearic Islands (APB) pertaining to financial year 2018 show a profit of 23.3 million euros, an increase of 13.95 % with regards to the year b
The financial statements of the Port Authority of the Balearic Islands (APB) pertaining to financial year 2018 show a profit of 23.3 million euros, an increase of 13.95 % with regards to the year before when the profit exceeded 20.5 million euros.
Furthermore, the turnover in 2018 was 78.5 million euros, exceeding the 2017 figures (with 73 million euros), maintaining zero long-term debt and the healthy financial situation of the entity. All ports except for the Port of Mahon showed an increase in this section with regards to 2017. Therefore, the Port of Palma reported a net business turnover of 46.2 million euros, the Port of Ibiza 20.9 million, Alcudia 5.2 million, La Savina 2.6 million and, finally, the Port of Mahon 3.5 million euros.
The APB has just published its 2018 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 2018, 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 28 June 2019.
The full document is available at www.portsdebalears.com.