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Balance Sheet 2015-2016

ASSETS

2016

2015

   
I Current Assets  
Accounts receivable  €        811,277.00  €            784,079.00
Short Term investment    €                             -  
Cash in bank and deposit  €        852,994.00  €            669,073.00
Prepaid expenses  €          38,614.00  €              5,235.00
Total current assets  €    1,702,885.00  €        1,458,387.00
   
II Fixed assets  
Leasehold  €         40,402.00  €              44,438.00
Forniture, ICT equipment and software  €         18,730.00  €              21,802.00
Guarantees (rent and social security  €                50.00  €                      50.00
Total fixed assets  €         59,182.00  €              66,290.00
TOTAL ASSETS  €    1,762,067.00  €        1,524,677.00
   

LIABILITIES

2016

2015

   
I Current Liabilities  
Accounts payable  €       141,057.00  €              76,551.00
Deferred income  €       452,165.00  €            753,224.00
Income to be allocated to project partners  €       553,405.00  €             189,395.00
   
II Reserves  
Funds brought forward  €       505,507.00  €            392,620.00
Surplus or deficit for the year  €       80,000.00

€              112,887.00

   
Total reserves  €       585,507.00  €            505,507.00
TOTAL LIABILITIES  €    1,762,067.00  €        1,524,677.00