Page 8 - hisdeSAT annual report 2013

8
services provided by the company create the
Nevertheless, the special characteristics of the
reverse the positive trend in the overall situation.
risk, which, if they should materialise, would
economic activity, shown in various types of
impact on resources, and on the general global
the point of view of conflicts and their possible
in which instability continues to prevail, both from
to consider the global environment of uncertainty
However, it would be extremely imprudent to fail

years.
even improving the financial results of previous
2012, the company has returned to its usual levels,
reflect the assets and estimated collections made in
made to adjust the valuation accounts to better
In economic and financial terms, after the efforts

in the new structure will continued to be filled.
accordance with the plan, the positions identified
new members at the management level and in
being strengthened by the addition of three
results of previous years
monitored by the Board. Accordingly, it is
We improve the financial
action lines, the results of which are regularly
a strategic plan and determined the appropriate
development, adoption and implementation of
we have undertaken, with external support, the
are absolutely necessary. In order to achieve this,
prevent cost increases until such time as they
evaluation of the associated risks, so as to
been developed cautiously, after a thorough
previous financial year, these processes have
As anticipated in the presentation of the

(Automatic Identification System - AIS).
in the field of the maritime traffic information
vein, we have continued to expand our activities
of Earth Observation. In addition, in the same
to significantly expand our capabilities in the field
activity, and on the other, to continue to prepare
traditional satellite communications business
hand, to start a new phase in the company’s
recovery of the international crisis, on the one
situation. We are ready, in line with the emerging
allowing us to find ourselves currently a healthy
Board of Directors in 2012 have been productive,
because the difficult decisions taken by the
Firstly, I would like to express my deep satisfaction

Letter to shareholders
Dear shareholders,