2022 Annual Accounts approved by the Town Council

The annual accounts of the City of Hafnarfjörður for the year 2022 were approved by the City Council of Hafnarfjörður on Wednesday, 31 May. The main findings are that the operating surplus for Sections A and B amounted to 890 million króna in 2022, which is in line with the budget. The surplus from Section A's operations amounted to 250 million króna, which is 122 million króna over the budget. Operating cash flow from A and B sections amounted to 1,767 million króna, corresponding to 4.11% of total revenues. The debt ratio continues to fall and stood at 85% at the end of 2022.

Debt ratio falls from 101% to 85% over the year

The debt ratio of Hafnarfjörður municipality fell during the year from 1011% to 851%, and is therefore well below the 150% debt ratio according to the regulations on financial criteria and supervision of the finances of municipalities.  Operating revenue amounted to 42.6 billion króna in 2022 and operating expenses were 37.3 billion króna. The operating result before depreciation and finance items was a positive 5.3 billion króna. Plots of land worth 7.4 billion krónur were sold. The population of Hafnarfjörður was 30,508 on 1 December 2022, compared to 29,742 the previous year, an increase of 766 or 2.61%.

Annual Report of the Municipality of Hafnarfjörður 2022

Notice on the town's website when the annual accounts were presented to the Town Council on 4th May. Good operating surplus and debt ratio falls | Hafnarfjörður (hafnarfjordur.is)