Page 61 - hisdeSAT annual report 2015
P. 61
HISDE S AT IN FIGURE S
Moreover, in relation to the tax credit activated
in 2014 and amounting to €18.6M, and which was
related to R & D investments in the PAZ satellite
project, the company has compensated €6.7M in funds are deemed unavaila-
2015, leaving €5.73M pending for the end of 2016. ble for a period of five years,
allowing a reduction of 10%
Regarding the distribution of profits, the com- of the applicable tax rate.
pany has evaluated and approved the creation of
a capital reserve fund under Law 27/2014. These Finally, from the point of
view of organizational im-
provements, in 2015 the
company has implemented
a System of Internal Control
over Financial Reporting
(ICFR), which affects the
main organisational and fi-
nancial processes.
MAIN ECONOMIC INDICATORS 2013 2014 2015
(MILLION EUR)
Revenue 60,3 57,7 61,3
EBITDA 47,1 41,3 40,9
Operating Income 32,4 26,6 25,9
Net Profit 22,5 24,0 21,4
Operational Cash Flow 48,8 46,7 45,2
Net Equity 213,0 240,4 264,0
Net Debt / EBITDA 0,9x 0,5x
EVOLUTION OF INCOME FOR SERVICES
(MILLION EUR)
61
61
