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Fishing and Fish Processing Value Declined in 2012

11 December 2013

ICELAND - The net profit of total fishing and fish processing in Iceland decreased somewhat between 2011 and 2012 from 22.6 per cent to 21.5 per cent (according to the annuity approach and six per cent rate of return).

Net profit of fishing and fish processing of demersal species decreased from the year before from 24.5 per cent of revenue to 21.4 per cent, according to Statistics Iceland.

Aggregated balance sheet of fishing and fish processing shows that the total worth of assets of the fisheries are ISK 535 billion, liabilities are worth of ISK 429 billion and equity nearly ISK 106 billion.

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