Balance Sheet 2014-2013

Accounts and Audit Reports
Balance sheet as at 31 December 2014
		2014	2013
ASSETS
I Current Assets
Accounts receivable		562,887.00	508,471.97
Short term investments		-	-
Cash in bank and deposit		637,262.00	1,370,648.04
Prepaid expenses		26,870.00	22,281.59
	Total current assets	1,227,019.00	1,901,401.60
II Fixed Assets
Leasehold		48,474.00	52,510.68
Furniture, ICT equipment and software		23,783.00	26,750.97
Guarantees (rent and social security)		50.00	11,939.67
	Total fixed assets	72,307.00	91,201.32
TOTAL ASSETS		1,299,326.00	1,992,602.92
LIABILITIES
I Current liabilities
Accounts payable		99,437.00	128,029.09
Deferred income		755,500.00	1,353,468.06
Income to be allocated to projects' partners		51,769.00	116,585.63
	Total current liabilities	906,706.00	1,598,082.78
II Reserves
Funds brought forward		394,521.00	394,850.52
Surplus or deficit for the year		-1,901.00	-330.38
	Total reserves	392,620.00	394,520.14
TOTAL LIABILITIES		1,299,326.00	1,992,602.92