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 ASSET | 1.022.858 |
| Intangible asset | 160.896 |
| Tangible asset | 247.233 |
| Long term financial investors | 606.598 |
| Deferred tax assets | 8.131 |
| CURRENT ASSET | 13.079.157 |
| Payable trade and other balances | 7.464.973 |
| Cash and other equivalent liquid assets | 5.614.184 |
| ACTIVE TOTAL | 14.102.015 |
Liabilities
| NET WORTH | 439.015 |
| Founding capital | 30.000 |
| Previous years financial surplus | 398.231 |
| Surplus | 10.784 |
| CURRENT LIABILITIES | 13.663.000 |
| Short term debts | 11.699 |
| Commercial creditors and other outstanding accounts | 13.526.531 |
| Other outstanding debts | 124.770 |
| TOTAL NET WORTH AND LIABILITIES | 14.102.015 |
Profit and Loss statement
| INCOME RECEIVED BY THE ENTITY FOR ITS ACTIVITY | 23.623.775 |
| Supplies | -22.652.040 |
| Other operating income | 1.264 |
| Personnel costs | -765.135 |
| Other operating costs | -827.960 |
| Asset depreciation | -179.476 |
| Provision surpluses | 814.844 |
| Other income | 6.061 |
| OPERATING INCOME | 21.333 |
| Financial income | 6 |
| Financial and other costs | -7.964 |
| FINANCIAL INCOME | -7.958 |
| INCOME BEFORE TAXES | 13.375 |
| Income tax | -2.591 |
| PREVIOUS FINANCIAL YEAR SURPLUS | 10.784 |