The financial position of the City of Hafnarfj\u00f6r\u00f0ur has strengthened.
\nsignificantly in recent years. This strengthening is clearly reflected in the annual accounts.
\nof the municipality for the year 2017. The operating surplus for A and B sections amounted to
\nWith operating cash flow of 3,646 million kr\u00f3na, net profit was 1.326 million kr\u00f3na, which
\nequates to 14.41 TP3T of total revenue. This good performance has led to the fact that
\nThe municipality took out no loans in 2017, which is the second year in a row.
\nLong-term debt was reduced by 300 million kr\u00f3nur, exceeding the amount due.
\npayments during the year. Construction is underway on a new primary, nursery and
\nmusic school in Skar\u00f0shl\u00ed\u00f0, new training and teaching premises for Haukar, new
\nnursing home at S\u00f3lvang, etc. All the year's projects were
\nfinanced with equity. The debt ratio has come down to 135% and
\nThe debt ratio in 159% for A and B parts.<\/p>\n
\u201eOperating performance The operating result for the year for A and B sections was a surplus of \u201eDebt ratio The main deviations were that tax revenues were 477 million kr\u00f3na Payments on long-term debt totalled 1.6 billion kr\u00f3na or Investments in the year 2017 amounted to 3,305 million kr\u00f3na but Total assets at the end of the year amounted to a total of 51,173 million kr\u00f3na. The population of Hafnarfj\u00f6r\u00f0ur was 29,360 on 1 December 2017.
\nThe town's performance exceeded the brightest hopes, but for the second year in a row there were no new loans.
\ntaken and continued to pay down debts. Then all the year's work was
\nfinanced with equity. If we continue on the same path, the future looks bright.
\nin Hafnarfj\u00f6r\u00f0ur,\u201c<\/em> says R\u00f3sa Gu\u00f0bjartsd\u00f3ttir, chair of the town council
\nHafnarfj\u00f6r\u00f0ur.<\/p>\n
\n1.326 million kr\u00f3na, whereas the plan had provided for an operating surplus of 554
\nmillions of kroner. The operating result for the year for Section A was a surplus of 740
\nmillions of kroner but the plan provided for an operating surplus of 45
\nmillions of kroner. <\/p>\n
\nHafnarfj\u00f6r\u00f0ur has now been reduced to 135%, which shows that the finances
\nThe municipality's position has strengthened considerably in recent years. It is also pleasing to see
\nhow much the city's capital cost decreases year on year, and it is important that this
\ndevelopment should continue, as the townspeople's money is better spent in most other ways.
\nbut in interest charges. This good operating result follows a thorough
\nrestructuring of the operations and shows that with prudence, discipline and sensible
\nFinancial management, it is possible to improve services for residents at the same time as the finances
\nThe town's is greatly strengthened.\u201c <\/em>Adds R\u00f3sa.<\/p>\n
\nHigher than forecast, equalisation fund contributions were 309 million kr\u00f3na.
\nOver-budget and other income were 321 million kr\u00f3na over budget. In addition
\nwas recognised as income from sold plots of land, amounting to approximately 336 million kr\u00f3na. A change in
\nThe pension liability was 1.047 billion kr\u00f3nur higher than forecast.
\nbefore, the main difference was a 677 million kr\u00f3na charge for a settlement with
\nBr\u00fa Pension Fund due to Act no. 127\/2016. Wages and wage-related contributions were on
\nplanned and other operating costs were 184 million kr\u00f3nur higher than planned
\nadvice. Capital items were about 580 million kr\u00f3nur lower than the budget had
\nbudgeted for lower inflation and debt repayment. The running of the departments was
\nin accordance with the budget. Operating cash flow amounted to 3,646 million kr\u00f3na or
\n14.41% of total revenue.<\/p>\n
\nAround 300 million kr\u00f3na in excess of repayments under loan agreements. No new loans
\nwere taken in the year for the second year in a row. The financial position of the City of Hafnarfj\u00f6r\u00f0ur has therefore
\nstrengthened further during the year and the debt ratio at the end of 2017 has reached 135% and is
\nwell below the 150% leverage ratio under the regulation on financial benchmarks and
\nSupervision of the finances of local authorities. <\/p>\n
\nThe plan provided for 3,816 million kr\u00f3na. Among the main projects were
\nConstruction of a new school in Skar\u00f0shl\u00ed\u00f0 466 million kr\u00f3na, construction of a nursing home
\n511 million kr\u00f3na and the construction of training and teaching premises at \u00c1svellir 241
\nmillions of kroner. The purchase price of social housing amounted to 257 million kroner, the purchase of
\nThe premises of the tax office, intended for the use of the Social Services, amounted to 259.
\nmillions of kroner and the purchase of St. Joseph's Hospital amounted to 106 million kroner.
\nRoad construction amounted to 1,343 million kr\u00f3na, but revenue from
\nRoad construction charges and building rights amounted to 1,415 million kr\u00f3na. Road construction charges
\nauthorised to reduce the implementation costs by up to 1.079 million until the work is completed
\nKrona, but road construction charges amounted to 336 million krona.<\/p>\n
\nand have they increased by 2,871 million between years. Total liabilities and
\nLiabilities totalled 40,187 million kr\u00f3na and have increased by 1,030
\nmillions of kroner between. Long-term debt decreased by 1,203 million kroner,
\nThe pension liability increased by 988 million kr\u00f3na and short-term debt increased.
\napproximately 1.283 billion kr\u00f3na, of which the main difference is a settlement with the Br\u00fa Pension Fund.
\namounted to 677 million kr\u00f3na and an increase in creditors due to construction contracts of 364
\nmillions of kroner.<\/p>\n
\ncompared with 28,678 the previous year, which is a population increase of 682 or 2.41%.<\/p>\n