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ADMINISTRATION AREA

The Administrative Area at LABORATORIOS INDAS carries out the company’s financial and economic activity, an essential role for the efficient organisational, financial and administrative functioning of the other Areas and divisions, incorporating the tools and utilities that lead to the optimisation of administrative and control procedures.

Our staff in this Area, share the common goal of a wise use of financial resources leading to better results, accurately and reliably adjusting the company’s financial and economic information to legal requirements, and providing control bodies with the information they need for the control and follow-up of the company’s strategic plans and decision-making.

Thus, this department’s basic tasks are supplies accounting, treasury management, cost estimate and control, follow-up of guarantee commitments, payment and payment collection, account reconciliation, tax and trade obligations, financial and economic reports, financial consolidation of the Group’s companies, and cooperation with external audit.

The Area’s General Management is also in charge of integrating and centralising the financial policies in all the Group’s companies, which enables us to achieve better results in negotiations with financial institutions.

The Area’s Accounting Division organises and controls the company’s administrative and accounting tasks. The staff working here are in charge of cash flow, tax returns, and financial and economic information: balance sheets, assets and liabilities accounts, and account statements. It also follows external audits up, filing the annual accounts with the Commercial Registry Office.
 

The Control Division coordinates the preparation and follow-up of LABORATORIOS INDAS and its subsidiaries’ annual budgets, analysing deviations and suggesting corrective measures. Every month, this division prepares a standardised management report for the Board of Directors, and checks on the executive staff’s degree of goal accomplishment.

In short, our Administrative Department works year in year out to achieve the best management effectiveness ratios.

State-of-the-art technology applied to information management

These are the figures for 2003, 2004, 2005 and the forecast for 2006:

 
* E - Estimated figures
 

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