FINANCE: The COM managed to generate € 11,1 million of self-financing in 2019

0

The elected representatives of the territorial council meeting in plenary session Thursday morning adopted the administrative account for the year 2019.

Expenses for the past year amount to € 133,65 million in operation and € 38,5 million in investment. Receipts are respectively € 145,63 million and € 70,5 million. The two sections thus present surplus results: 11,98 M € in operation and 32 M € in investment.

The significant investment surplus is explained by the fact that the COM received in 2019 grants that were due in 2018. In the end, the 2019 investment result is € 6,3 million.

As for the operating section, it also presents a carryover from 2018 in the amount of € 3,94 million. The operating result amounts to € 15,92 million in the end.

The cumulative result of operations and investment is € 22,2 million. The remainders to be realized are 37,6 M € in expenses and 36,8 M € in investment.

The COM thus closes its administrative account with a positive balance of € 21,4 million.

Note that "the surplus from the investment section is intended to be transferred to the investment section to generate self-financing," says Marie-Dominique Ramphort. 70% of the surplus (11,14 M €) was thus carried forward. "This amount will allow the community to self-finance future investments", that is to say that it will not need to resort to bank loans or request subsidies up to this amount. This ability to generate self-financing (or savings) was underlined by the director of the French development agency at the end of 2019. (soualigapost.com)

 1,453 total views, 4 views today

No comments

Faxinfo declines all responsibility for the content published and is not intended to respond.

English EN French FR Spanish ES Dutch NL Italian IT