The Port Services Regulation (Regulation 2017/352) was introduced by the European Parliament on 15 February 2017. The Regulation establishes a framework for the provision of port services and common rules on the financial transparency of ports.
The financial contribution statement in respect of the Company’s towage service for the year ended 31 December 2016, together with comparative figures for 2015, is set out below:
2016 €’000 | 2015 €’000 | |
Revenue | 3,192 | 2,593 |
Direct Costs | 1,323 | 1,382 |
Contribution to overheads and administration | 1,869 | 1,211 |
