Equities - DVFA

DVFA e.V. annual financial statements
Profit & Loss Statement_
Profit & Loss Statement
as at 31 December 2010 (in EUR)
The profit and loss statement depicts net revenues (turnover) of €303k against total
expenditures of €385k. Taking into account net interest income of €1k, this results in a
net loss for the year of € -81k (2009: €41k net profit). In financial year 2010, membership
dues, received sponsorship payments and other income totalled €303k (2009: €338k).
Operating expenses comprise other expenses in the amount of €385k (2009: €300k). The
other expenses include expenditures for public relations measures totalling €179k (2009:
88k), travel and hospitality costs of €17k (2009: €23k), legal and consulting fees amounting
to €6k (2009: €6k), the costs arising from the service agreement for administrative
and organisational activities by DVFA GmbH totalling €157k (2009: €168k) and other
expenditures in the amount of €26k (2009: €15k). The largest, non-recurring expense in
the context of public relations for 2010 was for the 50-year anniversary celebration and
commemorative publication (€123k).
The 2010 annual financial statements were audited by Ebner Stolz Mönning Bachem
GmbH & Co. KG, Wirtschaftsprüfungsgesellschaft, Steuerberatungsgesellschaft, Frankfurt
am Main, and received an unqualified opinion.
P + L 2010 2009
EUR EUR
Member Dues 237,105.65 240,458.88
Sponsor Dues 61,344.00 97,128.00
Other Income 4,583.66 17.50
Other Expenses 384,899.13 299,841.63
Net Interest Income 1,122.27 3,368.72
Annual Net Profit - 80,743.55 41,131.47
37