Download Annual Report 2012 (pdf, 3.08 MB) - Transnational Institute

finance.BALANCE SHEET, 31 December 2012.dec 31 ’12 dec 31 ‘11ASSETSFixed assets 2.012.748 2.074.842Current assets:Outstanding receivables 696.090 472.284Cash 418.604 868.593Total assets 3.127.442 3.415.718LIABILITIESEquity:Balance previous year 860.328 923.302Result current year 12.040 -62.975872.368 860.327Provisions 6.238 21.750Long term liabilities (loan) 1.523.695 1.611.420Current liabilitiesRedemption mortgage due in coming year 7.726 7.726Grants 273.733 520.933Accounts payable 187.802 96.336Liabilites to Partners 77.802 166.964Wage withholding tax 21.259 16.135Provision vacationpay 97.834 78.446Security on rent 22.890 11.082Other current liabilities 36.095 24.599Total liabilities 3.127.442 3.415.718dec 31 ’12 dec 31 ‘11State of Income and ExpenditureIncome 2.396.471Grants 2.906.357Rent 130.869 131.149Interest/currency gains and losses 33.190 18.939Salary subsidies 6.057Miscellaneous income 46.109 96.477Total income 3.116.525 2.649.093Expenditure 858.504Personnel costs 769.018Building expenses 171.015 165.624Activity costs 1.682.419 1.217.716Office & Communication costs 136.170 136.701Publication & Outreach activities 385.069 261.856Organisational Development 17.809Total expenditure 3.143.691 2.658.210BALANCE -27.166 -9.117EXTRAORDINARY LOSSES 39.206 -53.857TOTAL BALANCE 12.040 -62.974All amounts in euros. Full audited financial reports are available from the TNI office on request and on our website.50 tni Annual Report 2012 Finance