Ang Catalan Tennis Federation (FCT) closed fiscal year 2021 settling its historical debt to suppliersthat reaches € 1.2 million when the current board of directors he heads Jordi Tamayo He began his first term in June 2017.
Then, FCT’s total debt reached 6.1 million euros. According to the audit report, as of December 31, 2021, the federation’s liabilities were 1.8 million, of which 1.2 million were long-term and 0.6 million were short-term.
The short -term loan is in line with the bank’s refinancing and, according to the FCT, is expected to be fully repaid in 2026.
On the other hand, and following the viability plan approved by the assembly in 2018, the Catalan Federation closed last year with an accounting profit of 504,324.06 euros.
Source: La Verdad
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