Equities - DVFA
Equities - DVFA
Equities - DVFA
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40<br />
<strong>DVFA</strong> GmbH annual financial statements<br />
Balance Sheet_<br />
Balance Sheet<br />
as at 31 December 2010 (in EUR)<br />
ASSETS 2010 2009<br />
EUR EUR<br />
Fixed Assets 136,082.51 161,395.51<br />
Current Assets 3,046,981.88 2,556,037.01<br />
Accruals 17,197.56 22,668.31<br />
Total Assets 3,200,261.95 2,740,100.83<br />
Total assets rose €460k year-on-year, to €3,200k. Fixed assets were reduced to EUR<br />
136k through scheduled depreciation totalling EUR 25k. Current assets increased by<br />
€491k, as the net result of a €301k decrease in receivables and other assets as well<br />
as a €792k rise in cash and securities.<br />
Equity increased on net profit of €74k to €1,914k, bringing the equity ratio to 60%.<br />
Provisions were €116k lower. Liabilities rose by €12k, and the amount recognized<br />
under accruals and deferred income was EUR 490k higher at EUR 718k, and results<br />
from training program fees received in 2010 for courses to be held in 2011.<br />
LIABILITIES 2010 2009<br />
EUR EUR<br />
Subscribed Capital 33,000.00 33,000.00<br />
Retained Earnings 1,806,869.12 1,860,160.12<br />
Net Profit 73,922.22 - 53,291.00<br />
Equity Capital 1,913,791.34 1,839,869.12<br />
Provisions 445,761.11 561,316.30<br />
Liabilities 122,398.13 110,831.41<br />
Deferred Income 718,311.37 228,084.00<br />
Total Assets 3,200,261.95 2,740,100.83
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