According to the 2013 Annual Financial Statement of Iceland Post, loss from the company’s operation amounted to approximately ISK 119m. In general, it could be said that the aspects of the budget for 2013 which are under the control of the company’s management were achieved. On the other hand, the company was not permitted to make the changes to the pricing of letters within the exclusive right and the number of distribution days in rural areas that were necessary to meet the budget. This accounts for the ISK 235m lower income and ISK 100m less in cost reduction during 2013 than was anticipated.
