FINANCIAL REPORT 2015 FINANCIAL STATEMENTS AND AUDIT REPORT
FINANCIAL REPORT Financial Report 2015 Financial statements and audit report BALANCE SHEET AT 31 DECEMBER 2015 (with 2014 comparative figures) (Expressed in EUR) Notes 2015 2014 CURRENT ASSETS Cash and cash equivalents: Cash and banks at head office 11,219,157 13,138,390 Cash and banks at regional offices and affiliate 603,453 775,596 Time deposits 12,762,861 18,885,961 Total cash and cash equivalents 24,585,471 32,799,947 Stocks of drugs 3 156,537 173,164 Current accounts and receivables: Advances to officers and liaison offices 76,672 88,625 Receivables from public institutional donors 1,798,808 1,434,538 Other receivables 692,398 880,820 Prepaid expenses 609,580 595,381 Total current accounts and receivables 3,177,458 2,999,364 TOTAL CURRENT ASSETS 27,919,466 35,972,475 NON-CURRENT ASSETS Tangible fixed assets, net 4 261,722 69,806 Bank guarantee deposits 12 229,500 89,483 Total non-current assets 2.k. 491,222 159,289 TOTAL 28,410,688 36,131,764 CURRENT LIABILITIES Payables 3,238,685 2,433,459 Accrued expenses 1,563,337 1,991,183 Deferred income 7 12,639,386 20,955,657 Provisions 5 331,251 233,442 Total current liabilities 17,772,659 25,613,741 CAPITAL OF THE ORGANIZATION Paid-in capital 32,510 32,510 Restricted operating funds 6 53,364 114,547 Unrestricted operating funds 10,552,155 10,370,966 Total capital of the organization 10,638,029 10,518,023 TOTAL 28,410,688 36,131,764 DNDi Annual Report 2015 › 69
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