compressed_Annual Report 2016-ilovepdf-compressed
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INCOME + INVESTMENT INCOME VS TOTAL EXPENSES<br />
140,000,000<br />
TOTAL INCOME VS TOTAL EXPENSES<br />
120,000,000<br />
100,000,000<br />
80,000,000<br />
60,000,000<br />
40,000,000<br />
20,000,000<br />
0<br />
2012 2013 2014 2015 <strong>2016</strong><br />
TOTAL EXPENSES<br />
TOTAL INCOME<br />
SURPLUS FOR THE YEAR<br />
100,000,000<br />
90,000,000<br />
80,000,000<br />
70,000,000<br />
60,000,000<br />
50,000,000<br />
40,000,000<br />
30,000,000<br />
20,000,000<br />
10,000,000<br />
0<br />
YEAR 2012<br />
YEAR 2013<br />
YEAR 2014<br />
YEAR 2015<br />
YEAR <strong>2016</strong><br />
SURPLUS<br />
E 26 137 480<br />
SURPLUS<br />
E 84 470 513<br />
SURPLUS<br />
E 93 515 563<br />
SURPLUS<br />
E 67 079 033<br />
SURPLUS<br />
E 67 327 624<br />
SINCEPHETELO MVA FUND 17
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