Holy See closes 2013 with 24 million euro loss

(AGI) Vatican City, July 8 - The consolidated financialstatements of the Holy See for the year 2013 closed with adeficit of 24,470,549 euros mainly due to a drop in the priceof gold worth about 14 million euros. Although this loss hasnot actually been realised, according to accounting principlesgeared to the principle of prudence, contained in the rulesgoverning the preparation of financial statements of the HolySee, they were recorded as negative items. . .

(AGI) Vatican City, July 8 - The consolidated financialstatements of the Holy See for the year 2013 closed with adeficit of 24,470,549 euros mainly due to a drop in the priceof gold worth about 14 million euros. Although this loss hasnot actually been realised, according to accounting principlesgeared to the principle of prudence, contained in the rulesgoverning the preparation of financial statements of the HolySee, they were recorded as negative items. . .