The management of ICP-ANACOM?s finances and assets is governed by principles of private law, not being applicable the general regime for the financial activity of autonomous services and funds. However, the Authority does respect in contract procedures the principles of transparency, competition and non-discrimination, as well as quality and economy.
The ICP-ANACOM budget, included in the General State Budget, is drawn up in accord with the official accounting plan and is not subject to the regime for public accounting.
Monitoring and control of financial and assets management is undertaken by the statutory audit council, which issued an opinion on the 2002 budget and Annual Report and Accounts.
To ensure greater transparency in the Authority?s accounting, a professional and independent opinion was requested from outside auditors, to guarantee that the 2002 financial statements had no materially relevant distortions. The reports they produced were published in the 2002 Annual Report and Accounts.
Net results for fiscal year 2002 rose to 33.051.462 euros, thus remaining substantially positive, though 5 percent less than the figure registered the previous year. This reflects the effect of increased income and earnings (3 percent) being less than the increase in costs and losses (6 percent).
| RESULT | 2000 | 2001 | 2002 | VAR 02/01 | |||
| Operational income and earnings | 58.640.932 | 68.612.383 | 100% | 70.519.165 | 100% | 1.906.782 | 3% |
| Operational costs and losses | -31.741.525 | -37.819.850 | -55% | -40.064.866 | -57% | -2.245.016 | 6% |
| Operational results | 26.899.407 | 30.792.533 | 45% | 30.454.299 | 43% | -338.234 | -1% |
| Financial results | 2.036.419 | 3.179.071 | 5% | 2.323.796 | 3% | -855.275 | -27% |
| Extraordinary results | 436.484 | 907.590 | 1% | 273.367 | 1% | -634.223 | -70% |
| Net results | 29.372.310 | 34.879.194 | 51% | 33.051.462 | 47% | -1.827.732 | -5% |
Unit: 1 euro
Source: ICP-ANACOM - Annual Report and Accounts, 2002
