The net result obtained in fiscal 2000 was higher than in the previous fiscal year, as the operating income and earnings showed an increase compared to the previous year, and costs and losses showed a slight drop.
Unit: PTE 106& Euros 106
RESULTS
1999
2000
2000
Euros 106VAR 00/99
Operating Income and Earnings
9.102
100%
11.757
100%
59
2.654
29%
Operating Costs and Losses
-6.485
-71%
-6.364
-54%
-32
122
-2%
Operating Results
2.617
29%
5.393
46%
27
2.776
106%
Financial Results
189
2%
408
3%
2
219
116%
Extraordinary Results
-57
-4%
88
-1%
0
145
Net Results
2.749
27%
5.889
48%
29
3.140
114%
What indeed basically improved the operating results as was the case in the previous years, was the increase in activity in the use of the radioelectric spectrum, especially the new fixed wireless access service (FWA), and the increase in the mobile stations of the Public Land Mobile Service.
The increase in the financial results reflect the returns on cash which the Institute kept applied during the period under review.
The extraordinary results also registered an increase in value, basically reflecting the book movements on the other side due to the reduction in provision for bad debts.
Just as in the previous fiscal years, the Net Result was transferred to the Investment Reserve, thereby reinforcing that item.
Unit: PTE 106& Euros 106
EVOLUTION IN OPERATING INCOME AND EARNINGS
1998
1999
2000
2000
106Euros VAR 00/99
Service Provisions
6.515
9.026
11.677
58
29%
Licence Fees
47
82
207
152%
Utilization Fees
5.904
8.325
11.405
37%
Homologations and Approvals
21
16
6
-63%
Supervisory Actions
16
19
3
-84%
Other Operating Income
527
584
7
-90%
Additional Operating
3
11
2
0
-82%
Operating Subsidies
54
65
77
1
18%
Financial Income and Earnings
136
193
412
2
113%
Extraordinary Income and Earnings
103
58
481
2
729%
TOTAL
6.811
9.353
12.650
64
35%
Operating income and earnings in the fiscal year rose to PTE 12,650 million, which accounts for a rise of 35% compared with the previous year.
Operating income and earnings increased further due to the huge increase registered in the number of mobile stations of the Land Mobile Service (around 42.7%), the billing of new services and the return on excess cash.
| EVOLUTION IN COST AND LOSSES | 1998 | 1999 | 2000 | 2000 Euros 106 |
VAR 00/99 |
| External Supplies and Services | 1.725 | 1.813 | 1.981 | 10 | 9% |
| Rentails | 209 | 250 | 252 | 1% | |
| Travel, Stays, Entertainment | 253 | 226 | 257 | 14% | |
| Specialized Works, Fees | 544 | 443 | 618 | 40% | |
| Conservation and Repair | 191 | 153 | 227 | 48% | |
| Communication | 148 | 139 | 168 | 21% | |
| Costs common to Buildings | 144 | 162 | 174 | 7% | |
| Advertising | 43 | 193 | 33 | -83% | |
| Sundries | 193 | 247 | 252 | 2% | |
| Personnel Costs | 2.071 | 2.466 | 2.687 | 13 | 9% |
| Wage and Salaries | 1.564 | 1.740 | 1.917 | 10% | |
| Wage costs | 247 | 279 | 255 | -9% | |
| Pensions and Pension | 90 | 284 | 295 | 4% | |
| Awards Other Personnel Costs | 170 | 163 | 220 | 35% | |
| Other Costs and Losses | 1.590 | 949 | 1.277 | 6 | 35% |
| Contributions | 204 | 190 | 205 | 8% | |
| Meetings & Conferences | 173 | 258 | 116 | -55% | |
| Logistical Support to external bodies | 744 | 273 | 293 | 7% | |
| Sponsorships | 28 | 54 | 97 | 80% | |
| Special Projects | 43 | 156 | 263% | ||
| Cooperation | 33 | 8 | 6 | -25% | |
| Sundries | 408 | 123 | 404 | 228% | |
| Amortization & Depreciation | 779 | 796 | 816 | 4 | 3% |
| Provisions | 83 | 580 | -100% | ||
| TOTAIS | 6.248 | 6.604 | 6.761 | 34 | 2% |
Unit: PTE 106& Euros 106
In 2000, there was an increase of 2% in costs and losses, which was due to the joint effect of some increases and reductions in some kinds of specific costs.
This increase was due to the following:
- Need to turn to specialized companies more often in order to obtain the elements necessary for sectoral analyses and to provide assistance to the Government.
- New needs in connection with the maintenance of equipment since, as the latter become technologically more advanced, the maintenance costs become more expensive, in particular with regard to IT.
- The sponsorship of events and organization of events within the sector, especially for APDC, ICEP, the Transport and Communications Museum, Forum M, APCNP, etc..
- Need to reinforce the pension fund, since some of the premises considered in the update of the actuarial study, as at 31/XII/2000, underwent adjustments, in particular, the retirement of workers of ages considered under that of retirement and the actual return being significantly lower than expected.
- Participation in the funding of special projects of a social nature, in connection with the information society (support to children with prolonged diseases, support to citizens with special needs, etc.), projects, which take advantage of means of telecommunications, fit into the Plan of Major Options.
The decrease in costs was basically brought about by the fact that there was no need to form provisions to meet various costs.
| ADDED VALUE | 1998 | 1999 | 2000 | VAR 00/99 |
| Gross Added Value (PTE 106) | 4.844 | 7.285 | 9.772 | 34.1% |
| Average Staff Strength | 365 | 373 | 387 | 3.8% |
| Gross Added Value per Staff Member | 13.3 | 19.5 | 25.3 | 29.3% |
ICP's gross added value, defined under the terms o the Official Accounting Plan, rose to PTE 9,772 million in the year under review, which accounted for a rise of 34.1% compared with the previous year.
