Annual Report 2018 EuroNatur Foundation

Photo: Peter Rüther - Royal Knight‘s-spur (Consolida regalis), Albania
Notes on the 2018 Statement of
Financial Position
Compared to the previous year, 2018 saw an increase of
€ 137k in EuroNatur Foundation’s total assets which now
stand at € 9,805k. At the end of the financial year,
non-current assets (fixed assets) stood at € 6,923k, whereas
current assets stood at € 2,880k. Fixed assets increased by
€ 567k compared to 2017, while current assets, i.e. primarily
liquid funds, decreased by € 432k. Accounts receivable
increased by € 363k to a level of € 561k. These are all
considered recoverable and € 527k are due within the next
twelve months.
At the end of the 2018 financial year, the foundation’s
capital stood at € 5,685k, i.e. € 183k higher than in the
previous year. Compared to the previous year, equity was
increased by € 429k to a total of € 8,154k. We were able to
moderately increase revenue reserves compared to 2017 to
€ 2,469k at year’s end. The liabilities of € 1,415k primarily
consist of project grants already received but not yet spent
in 2018.
Economic development in recent years
EuroNatur Foundation’s statement of its financial position
clearly shows that recent years have not only brought
successes in the organization’s conservation endeavours
but that its work has also been successful in economic
terms. Over recent years, total assets increased continuously
and have more than quadrupled since 2007. The increase
in equity, i.e. the foundation’s core capital including
endowments and revenue reserves has been similarly
positive. These developments demonstrate that EuroNatur
is on a secure financial footing and has been able to
significantly improve its financial position in recent years.
37 Annual Report 2018
Economic situation