Nordseeheilbad Borkum GmbH provides information

The supervisory board of Nordseeheilbad Borkum GmbH met for its first meeting this year in March. The subject of the meeting was, among other things, the resolution on the 2022 economic plan. The current resolutions and measures are reported below.

Resolution on the 2022 economic plan

The resolution and the following concrete economic assumptions are based on the fact that NBG's activities will no longer be negatively influenced by the corona pandemic. The effects of the war in Ukraine on security of supply and price developments in the energy sector cannot yet be estimated and therefore could not be taken into account. The economic plan was approved with the success, investment, jobs and financial plan. The resolution was passed by a majority.

The success plan is divided into three pillars: tourism, supply and transport infrastructure.

1. Tourism

Tourism includes the operation of public tourism facilities, the organization of tourist events, the realization of tourism marketing for the island as well as activities in the NBG's own economic interest such as renting and leasing and accommodation. Overall, as a subsidiary of the city, NBG expects total income of EUR 12,1 million, with a total result of EUR -1,03 million.

2. Power supply

The “Supply” pillar includes the activities in electricity operation for the end customer, in electricity network sales, in drinking water, sea water and heat supply as well as in electricity generation. A total income of EUR 12,62 million is expected, with a total result of EUR 830.000.

3. transport infrastructure

The transport infrastructure includes the activities in Nordsee Windport as well as on the commercial airfield. A total income of EUR 865.000 is expected here, with a total result of EUR -54.000.

4. Overall view

For the entire company, income of EUR 25,59 million and a result of EUR -244.000 were planned, which will be calculated against the existing retained earnings.

5. Investment plan

The investment plan provides for measures worth a total of EUR 5,78 million per year.

6. Position plan

The NBG will provide its services in 2022 with around 136 so-called full-time employees. Due to part-time arrangements, that's around 150 employees.

7. Audit

The current auditing firm will also audit the 2022 financial year. After 15 years of audit work, the service will be re-tendered. The resolution was also passed by a majority.