IMPACT REPORT 2007–2008 - Endeavor Chile

TURKEY
URUGUAY
STATEMENT OF FINANCIAL POSITION
(December 31, 2007 in US $)
ASSETS 2007
CURRENT ASSETS
Cash & Cash Equivalents 42,003
Other current assets 2,281
Total current assets 44,284
FIXED ASSETS
Furniture & Fixtures 18,163
Prepaid Expenses 218
Other fixed assets 54,852
Total fixed assets 73,233
TOTAL ASSETS 117,517
LIABILITIES AND NET BOOK WORTH
LIABILITIES & NET BOOK WORTH
Trade payables 3,998
Advances received 174,991
Taxes & other payables 47,619
Total Liabilities 226,607
Net Worth (109,090)
TOTAL LIABILITIES & NET BOOK WORTH 117,517
STATEMENT OF INCOME & EXPENSES
(December 31, 2007 in US $)
REVENUES
Event Fees 127,501
Membership Dues 74,483
Board Contributions 662,073
Other Donations 45,763
TOTAL REVENUES 909,820
EXPENSES
Salaries 514,096
Office Expenses 72,133
Accountant Fees 10,448
PR Fees 39,503
Legal Fees 1,778
Travel Expenses 33,646
Board Meeting & Gen Assembly Expenses 3,152
Small Fixtures 3,452
Entertainment expenses 2,707
Endeavor Global Fees 79,405
Not supported wth documents 17
Other 4,040
Depreciation Expenses 20,129
Search & Selection Events/Programs 100,027
TOTAL EXPENSES 884,533
OTHER (NON-OPERATING) INCOME 3,292
NET INCOME (LOSS) 28,579
STATEMENT OF FINANCIAL POSITION
(December 31, 2007 in US $)
ASSETS 2007
CURRENT ASSETS
Cash & Cash Equivalents 12,401
Accounts Receivable 23,642
Other assets 5,346
Total current assets 41,389
Fixed assets 14,790
TOTAL ASSETS 56,179
LIABILITIES AND NET BOOK WORTH
Accounts payable 6,298
Other payables 14,862
Total Liabilities 21,160
Net Worth at the Beginning of the year 45,626
(10,605)
Net Worth 35,019
TOTAL LIABILITIES & NET BOOK WORTH 56,179
REVENUES
Individual donations 214,754
Event Income 119,040
TOTAL REVENUES 333,793
EXPENSES
Events 64,856
Search & Selection 50,161
Promesas 26,321
International Programs 43,898
Entrepreneur Services 18,109
Administrative Expenses 112,180
Depreciation Expense 5,172
Marketing Expenses 21,893
Financial Expenses 1,809
TOTAL EXPENSES 344,398
NET INCOME (10,605)
Notes (Uruguay): A complete set of the audited financial statements
by Deloitte & Touche for the fiscal year ending December 31, 2007
can be obtained by sending a written request to Endeavor Uruguay,
Avda. Italia 2364, Apt. 801, Montevideo, 11600, Uruguay
Notes (Turkey): A complete set of the audited financial statements
for Turkey by Birle∏ik Uzmanlar YMM A.S. for the fiscal year ending
December 31, 2007 can be obtained by sending a written request to
Büyükdere Cad. Noramin ∑∏ Merkezi No 55 Kat:3 Daire 301 Maslak
Istanbul, Turkiye
“Endeavor firsts have become a habit for South
Africa. As the first office outside Latin America
and now the host for the first entrepreneurs
in Turkey, Egypt and Jordan—Endeavor South
Africa is striving to make the gold standard
of High-Impact Entrepreneurship first across
the world.”
Adrian Gore,
Founder & CEO, Discovery Holdings;
Endeavor South Africa Chairman
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