| 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) |
