Balance Sheet 2018-2019

Balance sheet as of 31 December 2019

ASSETS

2019

2018

Current Assets

Accounts Receivable €139,038 €546,612
Cash-in Bank and Deposit €2,450,766 €1,523,927
Pre-paid Expenses €17,059 €14,121
Total Current Assets €2,606,863 €2,084,560

Fixed Assets

Leasehold €15,627 €16,870
Furniture, IT equipment and software €51,893 €44,990
Guarantees (rent and social security) €50 €38,170
Total Fixed Assets €67,570 €100,030

TOTAL ASSETS

€2,674,434

€2,184,590

LIABILITIES

2019

2018

Current Liabilities

Accounts Payable

€208,206

€587,080

Deferred Income

€1,337,460

€660,488

Income to be allocated to project partners

€-

€5,246

Total Current Liabilities

€1,545,666

€1,252,814

Reserves

 

 

Funds brought forward

€565,815

€384,338

Social Reserve

€300,000

€300,000

Surplus or Deficit for the year

€196,991

€181,477

Total Reserves

€1,062,806

€865,815

Provisions

€65,961

€65,961

TOTAL LIABILITIES

€2,674,434

€2,184,590