Balance Sheet 2011-2010
Balance sheet as of December 31st 2011 | ||
2011 | 2010 | |
ASSETS | ||
I Fixed Assets | ||
Computer's equipment | € 0.00 | € 0.00 |
Guarantee to Axa and Securex | € 11,154.00 | € 11,014.00 |
II Current Assets | ||
Accounts receivable | € 102,891.00 | € 36,690.00 |
Cash in bank and deposit * | € 2,351,679.00 | € 405,223.00 |
Accruals | € 10,265.00 | € 10,198.00 |
TOTAL ASSETS | € 2,475,989.00 | € 463,125.00 |
LIABILITIES | ||
I Capital and reserves | ||
Funds brought forward | € 338,237.00 | € 353,037.00 |
Surplus or deficit for the year | € 65,690.00 | -€ 14,800.00 |
II Debts | ||
Payment received in advance | € 0.00 | € 32,457.00 |
Accounts payable | € 77,818.00 | € 42,431.00 |
Income to be carried over * | € 712,528.72 | € 50,000.00 |
Income to be allocated to project partners * | € 1,281,715.28 | € 0.00 |
TOTAL LIABILITIES | € 2,475,989.00 | € 463,125.00 |
* Includes the 2012 EUPATI pre-financing received on 27 Dec 2011 (€ 1,680,000) |