Ancona, Italy (PortSEurope) May 16, 2018 – Autorita’ di Sistema Portuale del Mare Adriatico (AdSP – Central Adriatic Sea Port Authority) has reported a management surplus of €6.7 million, an increase in shareholders’ equity and new resources for investments of €4.3 million ($5.1 million).
The first accounting document that constitutes the “consolidated balance sheet” of the six ports of the AdSP has been unanimously approved today by the Management Committee of the AdSP, with the favourable opinion of the board of auditors.
This is the first set or results following the establishment of the Port System Authority in Italy, operational since December 2017, which shows a positive result for the financial year of €9.6 million ($11.38 million). Current income in 2017 was €16 million ($18.96 million), current expenses of €9.3 million ($11.02 million) with a €6.7 million ($7.94 million) current account surplus, available for investments already planned by the three-year Plan of the Authority’s works. Shareholders’ equity increased from €37 million ($43.85 million) in 2016 to €41 million ($48.59 million).
The 2017 expenditure for investments amounted to €4.3 million ($5.1 million). Then, more than €80 million ($94.81 million) already tied up and allocated to investments in progress and in part to be started as dredging in the ports of the system, consolidation of the catchment basin of Ancona, extraordinary maintenance of the docks, security and technological innovation, realisation of the second section of the new straight quay of the port of Ancona.
The management of the AdSP shows that the incidence of personnel expenses on current expenses is equal to 36%, a value that is more than optimal when compared to efficient private management.
This percentage is an indicator of an excellent organisation, high productivity and professionalism of all staff, said the president of the system Authority, Rodolfo Giampieri, a more than positive index that joins the fact that current income far outweighs the current costs, thanks to a managerial management of the port system that favours investments useful to intercept the reference markets for companies and operators. This is because the ultimate goal of our work must always be a careful management of public spending with the aim of facilitating the work of companies to create jobs and widespread wealth in the territories”.
The AdSI is responsible for the ports of AnconaFalconara, Pescara, Pesaro, San Benedetto del Tronto and Ortona.
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