Annual Report 2016
Annual Report 2016 - Federal Audit Oversight Authority FAOA
Annual Report 2016 - Federal Audit Oversight Authority FAOA
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Appendix | FAOA <strong>2016</strong><br />
59<br />
Explanatory information on individual financial statement items<br />
4. Cash and cash in hand (in CHF)<br />
<strong>2016</strong> 2015<br />
Cash in hand 837 992<br />
Postfinance account 205,706 679,563<br />
Investment account at Federal Finance Administration FFA 6,000,000 5,400,246<br />
Total cash and cash in hand 6,206,543 6,080,801<br />
5. Receivables<br />
<strong>2016</strong> 2015<br />
Licence fee receivables 165,766 63,400<br />
Yellowpay receivables 22,318 52,389<br />
Other receivables 55,000 64,213<br />
Total receivables relating to services 243,084 180,002<br />
As in the prior year, no bad debt provision<br />
was established as the FAOA<br />
has only suffered insignificant bad<br />
debt losses to date.<br />
6. Work-in-progress<br />
<strong>2016</strong> 2015<br />
Work-in-progress 476,000 861,000<br />
Total work-in-progress 476,000 861,000<br />
Work-in-progress comprises inspection<br />
work yet to be invoiced.<br />
7. Prepayments<br />
<strong>2016</strong> 2015<br />
Prepayments 107,995 72,254<br />
Total prepayments 107,995 72,254<br />
Prepayments are payments made for<br />
expenses of the following year, such<br />
as rent, travel costs and Swiss Federal<br />
Railways season tickets.<br />
8. Investments<br />
In connection with the rent of offices,<br />
the FAOA has two tenant deposit<br />
accounts to the total amount of CHF<br />
111,074. In addition, there is a longterm<br />
receivable of CHF 55,000 (prior<br />
year CHF 110,000) relating to the<br />
termination of an IT project in 2014.
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