Balance Sheet 2012-2011
Balance sheet as at 31 December 2012 |
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| 2012 | 2011 | ||
| ASSETS | |||
| I Current Assets | |||
| Accounts receivable | 338,620.51 | 102,891.00 | |
| Short term investments | 201,240.00 | 200,680.00 | |
| Cash in bank and deposit | 1,082,117.39 |
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| Prepaid expenses | 16,665.53 | 10,265.00 | |
| Total current assets | 1,638,643.43 | 2,464,835.00 | |
| II Fixed Assets | |||
| Leasehold | 55,947.95 | - | |
| Furniture, ICT equipment and software | 30,900.24 | - | |
| Guarantees (rent and social security) | 11,733.04 | 11,154.00 | |
Total fixed assets |
98,581.23 | 11,154.00 | |
| TOTAL ASSETS | 1,737,224.66 | 2,475,989.00 | |
| LIABILITIES | |||
I Current liabilities |
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| Accounts payable | 132,506.82 | 77,818.00 | |
| Deferred income | 1,054,324.52 | 712,528.72 | |
| Income to be allocated to projects' partners | 155,542.80 | 1,281,715.28 | |
Total current liabilities |
1,342,374.14 | 2,072,062.00 | |
II Reserves |
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| Funds brought forward | 403,927.04 | 338,237.00 | |
| Surplus or deficit for the year | -9,076.52 | 65,690.00 | |
Total reserves |
394,850.52 | 403,927.00 | |
| TOTAL LIABILITIES | 1,737,224.66 | 2,475,989.00 | |