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 |
