Statistics Iceland now releases a new issue of Statistical Series in the topical category of fishing and fish processing. This issue presents the profitability of the fisheries in 2007.

The statistics show the profits of the main sub-sectors of fishing and fish processing 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 profit of fishing and processing of demersal species declined between 2006 and 2007 or from 18½% to 13% (according to the annuity approach and 6% rate of return). Net profit of the fisheries declined from the year before or from 9½% of revenue to 3½%.

Aggregated balance sheet of fishing and fish processing shows that the total assets of the fisheries are 435 billions, liabilities are 325 billions and equity is 110 billions.

Profitability in fishing and fish processing 2007 - Statistical Series