Annual Report 2018

Financial statements

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, 2018, 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 

31/12/2018

31/12/2017
INTANGIBLE ASSETS 
0
0
  Restructuring costs 22,177 22,177
  Depreciation of restructuring costs -22,177 -22,177
FURNITURE 
1,740
3,429
  Office Appliances 17,778 17,778
  Depreciation of office appliances -16,038 -14,349
DEBTORS 
205,971
163,826
LIQUIDITIES 
502,255
802,541
  Bank Account 0038/4174-7 201,470 501,752
  Bank Account 5912/7917-1 250,341 250,344
  Handelsbanken 41 402 669 50,445 50,445
DEFERRED CHARGES AND ACCRUED INCOME 
34,168
5,111
  Deferred Charges 4,050 5,111
  Accrued Income 30,118 0

TOTAL ASSETS 

744,134

974,907
       

LIABILITIES 

31/12/2018

31/12/2017
RESERVE 
346,751
345,844
  Reserve last year 95,844 93,510
  Social reserve 140,000 140,000
  Organisation reserve 110,000 110,000 
  Excess of income over expenditure from current year 906 -2,334
DEBTS 
397,384
629,063
  Creditors 121,011 91,232
  VAT payable on EU deliveries 31,584 38,684
  Taxes on salary 0 -667
  Social Security 8,162 -15,127
  Salaries Employees    
  Other social debts    
  Received grants for next year (regularisation EU projects) 235,942 484,687
  Received fees for next year  685  
  Charges postponed to next year    

TOTAL LIABILITIES 

744,134

974,907