Portal de Cartagena
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Old Town in 2012 reached a turnover of just over two million euros and recorded a positive balance between income and expenditure of 86,000 euros, as is clear from the general account of the municipal company, approved this morning by the full City Council, constituted as a general meeting of shareholders.
The approval has had the votes for the Party and the Joint Citizens Movement, and the abstention of Socialist and United Left Party-Greens.
The Town Planning and chairman of the board of directors of Casco Antiguo, Joaquin Mowing, explained that in 2012 the company has managed to meet its financial commitments and get this surplus by reducing spending and debt refinancing their short term, making long-term debt.
Mowing has debunked misinformation published by the newspaper La Verdad pointing that society had created a hole of 8 million euros.
The council has announced it will ask for a correction to be wrong and the concern generated in the entities that have granted loans to Old Town.
Not only has not generated any hole, but last year managed to reduce that debt repayments, she added Segado.
In previous years Old Town maintained a long-term debt of about 16 billion euros, which was necessary to add another short term of about 11 million euros.
To cope comfortably payments and reduce interest, 9.7 million short-term debt that was refinanced long term.
So at year-end 2012, long-term debt was 25 million euros, and the short-term, 1.3 million euros.
The origin of this debt are primarily borrowing for the purchase and rehabilitation of the current administrative headquarters of San Miguel and the purchases of land on the sacred mountain.
Mowing has commented that there is a debt, but d ETRAS are an important heritage behind it and has said that the company will have an enviable financial health when circumstances permit the sale of land in the Monte Sacro and windlass.
Source: Ayuntamiento de Cartagena
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