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AdSP Del Mare Di Sardegna Reports 2019 Financials

AdSP del Mare Di Sardegna reports 2019 financials

Source: Autorita’ di Sistema Portuale del Mare Di Sardegna
Cagliari, Sardinia, Italy (PortSEurope) March 16, 2021 – The financial year 2019, Autorita’ di Sistema Portuale del Mare Di Sardegna (AdSP – Sardinian Sea Port Authority) has reported a financial surplus of €12.04 million. Residual assets and liabilities for the year amounted respectively to €12.4 million, of which 85% of the current portion, and €20.7 million, of which 78% in the capital account. The economic surplus
amounted to €26.5 million in 2019, resulting in an increase in shareholders’ equity of €365.5 million. The data is symptomatic of a management that is not particularly active on the investment front, which leads the Court of Auditors to recommend tracing investment planning to real feasibility fees, according to a precise time schedule, in order to optimize the use of available resources. Total debt amounts to €23.7 million, a decrease compared to €26.7 million of the previous year, of which €10.9 million due to the state for works in progress. The AdSP has communicated the end of the suspension of the infrastructural works in the Canale port of Cagliari and the start of an open procedure for the assignment of the executive design and execution of the works, with a tender amount of €27.4 million. The AdSP hopes this will be an impulse for investment and job creation. With reference to the total number of goods handled, the port of Cagliari maintained 75 percent compared to the other ports of the AdSP; as regards the scheduled passenger sector, it totaled 6.1 million units, with an increase of 6.6% compared to 5.7 million in 2018, the port of Olbia accounts for 48.9% of the total, followed by Porto Torres (17.3%), Portovesme (13.8%) and Golfo Aranci (10%) and only marginally by the ports of Cagliari and Santa Teresa di Gallura. Total assets amounted to €504.5 million compared to €481.9 million in 2018. Copyright (C) PortSEurope. All Rights Reserved. 2021.

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