Half-yearly accounts, 1 January to 30 June 2015
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The operating result for the first six months of the year was a negative 389 million króna, whereas the plan had anticipated a deficit of around 80 million króna for the period. This variance is attributable to an unforeseeable refund of retrospectively paid tax amounting to approximately 400 million krónur. Other income is above forecast due to a capital gain on the sale of shares in HS Veitur hf. The operation of the departments was in line with the forecast.
Due to the aforementioned deviation and the foreseeable effects of a change in the working assessment, which will result in an expenditure increase of approximately 200 million króna, it is clear that it will be difficult to meet the year's targets for a positive operating profit of 219 million krónur.
The Municipality of Hafnarfjörður will place a strong emphasis on operational restraint and, as has been stated in announcements, a reform programme is being developed to improve operations, but its effects will only be felt to a minor extent in 2015.
Half-year accounts of the Borough of Hafnarfjörður - 30.06.2015