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Balance Sheet 2014-2013

Accounts and Audit Reports

   
Balance sheet as at 31 December 2014    
    2014 2013
ASSETS    
I Current Assets    
Accounts receivable                   562,887.00                   508,471.97
Short term investments                                     -                                       -  
Cash in bank and deposit                   637,262.00                1,370,648.04
Prepaid expenses                      26,870.00                      22,281.59
  Total current assets                1,227,019.00                1,901,401.60
II Fixed Assets     
Leasehold                      48,474.00                      52,510.68
Furniture, ICT equipment and software                      23,783.00                      26,750.97
Guarantees (rent and social security)                              50.00                      11,939.67
  Total fixed assets                      72,307.00                      91,201.32
TOTAL ASSETS                1,299,326.00                1,992,602.92
       
LIABILITIES    
I Current liabilities    
Accounts payable                      99,437.00                   128,029.09
Deferred income                   755,500.00                1,353,468.06
Income to be allocated to projects' partners                      51,769.00                   116,585.63
  Total current liabilities                   906,706.00                1,598,082.78
II Reserves    
Funds brought forward                   394,521.00                   394,850.52
Surplus or deficit for the year                      -1,901.00                          -330.38
  Total reserves                   392,620.00                   394,520.14
TOTAL LIABILITIES                1,299,326.00                1,992,602.92