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New Statistics Released for Profitability in Fishing, Fish Processing 2011

Sustainability Processing Economics +5 more

ICELAND - Statistics Iceland has released a new issue of Statistical Series in the topical category of of fishing and fish processing.

These statistics show the profits of the main sub-sectors of these activities such as boats in several size categories, pelagic boats, wet fish trawlers, freezing trawlers, processing of demersal species like freezing and salting, processing of capelin and fresh fish processing.

The net profit of fishing and processing of demersal species increased between 2010 and 2011 or from 28.9 per cent to 30.3 per cent (according to the annuity approach and 6 per cent rate of return). Net profit of the fisheries total increased from the year before or from 19.8 per cent of revenue to 22.6 per cent.

Aggregated balance sheet of fishing and fish processing show that the total assets of the fisheries are 547 billions, liabilities are 443 billions and equity is 105 billions.