FEACO Accounts until 15 November 2005
  Agreed Budget Actual Status Estimate year end Comments
  2005 15 November 2005    
Income        
Membership fees 118 464,00  101 918,00  116 070,00  incl 1/4 be 2002, 1/4 Aus 1998, part It 2004, Cyprus 2004&2005, excl. It 2005 & part Swe 2005
ECIC fund contributions 19 160,00  16 370,00  16 370,00  incl 1/4be 2002, excl Swe & It 2005
Multinational fund 0,00  0,00  0,00   
Booksales 5 000,00  2 317,49  5 400,00   
Conference revenue 0,00  0,00  0,00   
Reduction for early payers -11 847,00  -7 183,33  -7 183,33   
Total income 130 777,00  113 422,16  130 656,67   
         
Other operating income        
Other income 0,00  0,00  0,00   
Price difference income 0,00  0,00  0,00   
Reversal of provision for doubtful debtors 0,00  0,00  0,00   
Total other operating income 0,00  0,00  0,00   
         
Staff costs        
Salary and social charges -66 500,00  -38 405,42  -63 180,92   
Other expenses 0,00  -2 212,72  -3 319,08   
Total staff costs -66 500,00  -40 618,14  -66 500,00   
         
Depreciation        
Depreciation and amortisation 0,00  0,00  0,00   
Amount written off trade debtors -500,00  0,00  0,00   
Provision doubtful debtors 0,00  0,00  0,00   
Total depreciation -500,00  0,00  0,00   
         
Other operating expense        
Rent and rental charges -14 000,00  -9 497,20  -13 400,00   
Meetings - seminars -8 000,00  -3 404,62  -5 500,00   
Meetings - seminars (Multinational group) 0,00  -6 728,02  -6 728,02  MNG dinner & ESF
Meetings - seminars (ECIC expenditure) -19 160,00  -13 624,16  -16 370,00   
Insurance -550,00  -558,55  -1 100,00  incl. Directors ins.
Hire/purchase/repair of eq -500,00  -2 033,24  -2 071,10  incl. new computer
travel & subsistence & transportation -3 500,00  -4 366,42  -4 800,00   
Print & stationary -6 000,00  -4 553,95  -4 553,95   
Telephone and fax -1 300,00  -1 404,08  -1 600,00   
Documentation, subscriptions, photoc. -2 200,00  -829,37  -1 060,00   
Post, freight and delivery charges -1 500,00  -1 238,22  -1 300,00   
Professional and other fees -3 000,00  -3 089,50  -4 089,50  incl. Be registration cost
Temporary services (IT, website, translation) -4 500,00  -2 875,63  -3 100,00   
General & staff expenses -6 600,00  -4 899,21  -6 400,00   
Extraordinary expenses (contingency) -10 000,00  -2 406,08  -17 206,08  Lawyers & Cubitt prov.14800 
Price difference expenses 0,00  0,00  0,00   
Total other operating expense -80 810,00  -61 508,25  -89 278,65   
         
Financial result        
Interests and similar income 1 750,00  2 135,18  2 500,00   
Interests and similar expenses 0,00  -242,25  -265,00   
Total financial result 1 750,00  1 892,93  2 235,00   
         
Result -15 283,00  13 188,70  -22 886,98   
Reduction Reserves (equity) 15 283,00  0,00  22 886,98   
Net result 0,00  13 188,70  0,00   
         
Liquidity        
Bank accounts by 31.12.2004   190 261,37  190 261,37   
Debtors previous years   12 966,00  4 019,00  see annex
Expenditures 2004 paid in 2005   -8 916,21  -8 916,21   
Net result   13 188,70  -22 886,98   
Bank accounts actual   207 499,86  162 477,18   
         
         
Receivables        
Debtors 2005   28 047,00  19 727,00  FEACO & ECIC
Debtors, written off   0,00  -2 790,00   
         
Equity by  31.12.2004   31.12.2005  
FEACO fund (overall activities = reserves) 169 946,50    155 835,92   
ECIC fund 20 268,26    23 578,26   
Multinational fund 0,00    0,00   
         
Liabilities        
Bills not paid