The 2023 accounts presented today to the Plenary confirm the positive evolution of the institution that allows you to face future actions and future projects with greater peace of mind
The report highlights the financial health of the consortium with a 6% increase in the business figure and an exploitation benefit of 2.1 million euros
The viability plan launched for 2021-2025 and fulfilled with a far will give way to the strategic plan for the 2026-30 period
Growth in business activity, debt reduction and efficiency in the management of FEDER funds, among others, have made possible a remarkable transformation in the financial health of the consortium
The annual accounts of the Free Zone of Cádiz of Exercise 2023 confirm the good evolution of the consortium after the recent reception, at the end of March, of the result of the audit carried out by the general intervention of the State Administration (IGAE), which has issued a favorable report without provisions, made this that occurs for the first time since the IGAE began in 2010 to audit the accounts of the Consortium Gaditano.
The annual accounts of the aforementioned exercise have been exposed at the Plenary Meeting of the Consortium held today, where the good financial health of the consortium has been shown after the self-compliance of the 2021-2025 viability plan, which will give way in the coming months to the Strategic Plan 2026-2030.
The 2023 exercise report shows a highly positive economic year and shows an improvement in the financial situation, with significant growth in business activity in the fiscal enclosure that has had an impact on increasing the resource of companies. The transformation into the financial health of the consortium is reflected in the business figure, with an increase of 6%, and the exploitation benefit, which reached 2.1 million euros.
The 2023 accounts also reflect the reduction of financial expenses for the fourth consecutive year, which in this case represents 15% compared to the previous year, the result of the restructuring of the financial debt initiated in 2020. The IGAE report highlights the reduction of the debt and cites a financial savings of 3.9 million euros, referring to the early cancellations of the reindus loans.
The accounts of that year also show that the Free Zone of Cádiz reached in 2023 a positive maneuver of 17 million euros, with the financial balance reached in 2022, when the negative trend was reversed for the first time in 15 years.
To the satisfaction with this IGAE report, the fact that the Cadiz consortium can face the next few years with optimism and peace of mind to undertake future actions and projects, such as the ZF Blue Core, the nursery of 4.0 companies that will give continuity and reinforce the work undertaken with Incubazul, the startup incubator of Blue Economics.
In fact, the Free Zone of Cádiz is immersed in a strategy to strengthen the new model of industry 4.0, innovative, sustainable and linked to the blue economy, and with the implementation of a decarbonization plan that will serve as a reference and place Cádiz as a pole of the blue economy and sustainability.
It is important to note that both projects are developed with Feder funds and is precisely the management of these funds Another of the strengths of the consortium since at the end of 2023 exceeded 100% of the degree of execution of the endowments granted, demonstrating that Zona Franca remains an ideal body to channel European funds.
The delegate of the Free Zone of Cádiz, Fran González, has been satisfied with the evolution of the consortium, “which is evidenced in the audited accounts and in the report without caveats of the IGAE. The fact that the report does not contain provisions for the first time in our history confirms that we are doing things well. If 2021 marked a turning point in our financial situation, this 2023 slack and the necessary security to undertake future projects. ”
