Economic management
20257
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4 Economic management

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The benefits of recycling

Estefanía Cuevas | Head of Financial Department

In order to continue investing all available resources in the management and treatment of waste the optimization of management costs continues to be one of our main objectives, thereby contributing to the consolidation of a solvent system providing maximum possible guarantees.

The individual surpluses of the Foundation’s different Activity Sectors for the year 2018 stand at €10,784.

 

Ecotic’s budget for waste management, which includes transportation, treatment, collection and settlements with local installers, distributors and entities, is 87.8%, the same percentage as the previous year since the weight of the different budget items within the total expenditure has remained stable.

The amount allocated to WEEE Management has increased by 6.7% in relation to the previous year. This is due to a combination of a 9% increase in quantities managed and a reduction of 2.3 % in the collection cost per ton, thereby optimizing management costs and improving our efficiency.

 

Spending on Structure has been reduced by 1.8% and on other Management Costs by 3.5%.

Distribution of management costs

9.736 €

Resultado Final Ejercicio

+2,1%

Cantidades gestionadas

– 6,4%

Reducción de costes de estructura

2018 Balance sheet

31st December 2018 (Euros)

(*) Provisional results, pending Board of Trustees approval

Assets

NON-CURRENT ASSET1.022.858
Intangible asset160.896
Tangible asset247.233
Long term financial investors 606.598
Deferred tax assets8.131
CURRENT ASSET13.079.157
Payable trade and other balances 7.464.973
Cash and other equivalent liquid assets 5.614.184
ACTIVE TOTAL 14.102.015

Liabilities

NET WORTH439.015
Founding capital30.000
Previous years financial surplus398.231
Surplus10.784
CURRENT LIABILITIES13.663.000
Short term debts11.699
Commercial creditors and other outstanding accounts13.526.531
Other outstanding debts124.770
TOTAL NET WORTH AND LIABILITIES14.102.015

Profit and Loss statement

INCOME RECEIVED BY THE ENTITY FOR ITS ACTIVITY23.623.775
Supplies-22.652.040
Other operating income1.264
Personnel costs-765.135
Other operating costs-827.960
Asset depreciation-179.476
Provision surpluses814.844
Other income6.061
OPERATING INCOME21.333
Financial income6
Financial and other costs-7.964
FINANCIAL INCOME-7.958
INCOME BEFORE TAXES13.375
Income tax-2.591
PREVIOUS FINANCIAL YEAR SURPLUS10.784