Annual Report 2016

Financial statements 2016

“Based on our review, nothing has come to our attention that causes us to believe that these financial statements do not present fairly, in all material respects, the financial position of the European Federation of Allergy and Airways Diseases Patients’ Associations as at December 31, 2016, and the results of its operations for the year then ended, in accordance with the financial – reporting framework applicable in Belgium”.

Jean Bernard Pieuli-Takou
Registered auditor

BALANCE SHEET (in €)

ASSETS 

2016

2015
INTANGIBLE ASSETS 
7.394
14.786
  Restructuring costs 22.177 22.177
  Depreciation of restructuring costs -14.784 -7.392
FURNITURE 
538
2.664
  Office Appliances 12.660 12.660
  Depreciation of office appliances -12.122 -9.996
DEBTORS 
117.936
125.205
LIQUIDITIES 
422.916
376.459
  Bank Account 0038/4174-7 122.124 163.684
  Bank Account 5912/7917-1 250.348 162.330
  Handelsbanken 41 402 669 50.445 50.445
DEFERRED CHARGES AND ACCRUED INCOME 
22.894
2.316
  Deferred Charges 11.766 1.238
  Accrued Income 11.128 1.078

TOTAL ASSETS 

571.678

521.430
       

LIABILITIES 

2016

2015
RESERVE 
343.510
360.605
  Reserve last year 110.605 566.094
  Social reserve 140.000  
  Organisation reserve 110.000  
  Excess of income over expenditure from current year -17.095 -205.489
DEBTS 
228.168
160.825
  Creditors 27.880 46.416
  VAT payable on EU deliveries 9.679,15 43.843,54
  Taxes on salary 0 0
  Social Security 17.336 -8.610
  Salaries Employees    
  Other social debts    
  Received grants for next year (regularisation EU projects) 173.274 78.458
  Received fees for next year    
  Charges postponed to next year   718

TOTAL LIABILITIES 

571.678

521.430