2002 Annual Report - EVCA

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Accounts & Budget Statement of Income less Expenditure - Actuals 2002 versus 2001 ACTUALS ACTUALS All amounts in € 2002 2001 Membership fees 2,323,907.19 1,968,527.56 Fees & subscriptions 2,449,913.18 2,329,347.69 Sponsorship 541,895.00 619,914.90 Other income 109,101.96 124,470.71 Unforeseen 59,830.92 TOTAL INCOME 5,484,648.25 5,042,260.86 Staff -1,610,979.53 -1,267,508.67 External fees -829,575.05 -466,540.94 Office and meeting accommodations (conferences included) -1,376,142.87 -1,344,556.16 Equipment -145,256.86 -118,348.63 Travel, hotels and representation -186,210.88 -218,232.79 Communications -370,830.61 -328,986.04 Printing & audio-visual -494,218.76 -609,373.20 Various office costs -70,569.95 -50,499.18 Financial charges, exchange differences & misc. -121,982.79 -68,689.31 Provisions -80,851.76 -155,593.48 TOTAL EXPENDITURE -5,286,619.06 -4,628,328.40 INCOME LESS EXPENDITURE 198,029.19 413,932.46 28
Accounts & Budget Comments on the Statement of Income less Expenditure - Actuals 2002 versus 2001 Membership fees The invoiced amount for membership fees in 2002 increased by 18% compared to 2001. Membership fees in 2001 increased by 38.9% compared to 2000. Fees and subscriptions The 2002 actual figure is slightly higher than the actual figure for 2001. This is mainly due to record income from successful additional EVCA Institute courses, which increased by 37.19%. Income from conferences remained at the level of 2001. The sales of EVCA publications and yearbooks decreased by 42.49%, compared to an increase of 8.5% in 2001. Sponsorship Income from sponsorship in 2002 decreased by 12.59% compared to 2001. This was the result of a 42.49% decrease in sponsorship for the EVCA annual yearbook and directory, a 30.30% decrease in sponsorship for EVCA’s annual Technology Conference, and a 15% increase in sponsorship for the International Investors Conference and the Annual Symposium. Other income Other income mainly includes interest on term accounts. Other income decreased, compared to 2001, due to lower interest rates. Unforeseen Unforeseen includes income that EVCA received from UFSIA and the European Commission for their participation in the Entrepreneurship Toolkit and the closing of dossiers from the Venture Consort project. Staff and external fees (inter-related costs) Staff costs and external fees increased by 40.74%. This reflects the investments made by EVCA to support the increase in activities - services to members, training, research, conferences and publications - as well as the related recruitment costs. Office and meeting accommodations (including conferences) This category of costs was equal to last year’s amount. Direct costs related to conferences and training accommodation and meetings account for 85% of these expenditures. Equipment Equipment is mostly depreciated on a 3-year write-off basis. The increase compared to 2001 is primarily due to the maintenance of the office equipment. Travel, hotels and representation Travel, hotels and representation costs remained at the level of 2000 when related to general secretariat activities. There is a decrease of 14.67% due to less attendance by secretariat staff of non-EVCA conferences and EVCA committees. All these expenses relate to projects, conferences, working committees and training. Communications The increase of 12.72% is mainly due to an increased number of mailings to members. Printing and audio-visual/various office costs The decrease of 18.9% is due to the fact that printing costs for the Entrepreneurship Toolkit were booked in 2001. 58% of printing and audio-visual costs relate to conferences and training and are the result of increased conference and training activity and improved quality. Financial charges, exchange differences & misc. The increase of 77.58% is related to an increased number of payments, credit card transactions and some unforeseen costs related to 2001. 29
Page 1 and 2: 2002 Annual Report
Page 3 and 4: 2002 Annual Report Table of Content
Page 5 and 6: Within EVCA’s various Committees
Page 7 and 8: Mission Mission EVCA’s global mis
Page 9 and 10: Structure & Organisation Structure
Page 11 and 12: Structure & Organisation Secretaria
Page 13 and 14: Achievements Achievements June 2002
Page 15 and 16: Achievements Committee Achievements
Page 17 and 18: Achievements Conferences & Training
Page 19 and 20: Achievements High-Tech Committee 1.
Page 21 and 22: Action Plan June 2003 - June 2004
Page 23 and 24: Action Plan Tax & Legal Committee 1
Page 25 and 26: Accounts & Budget Accounts & Budget
Page 27 and 28: Accounts & Budget General Comments
Page 29: Accounts & Budget Comments on the 2
Page 33 and 34: Accounts & Budget Comments on the S
Page 36: Minervastraat 4, B-1930 Zaventem, B

2002 Annual Report - EVCA

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