Gb08_engl Umschlag:GB 2005 - DVFA

DVFA e.V. annual financial statements
Profit & Loss Statement_
Profit & Loss Statement
as at 31 December 2007 (in EUR rounded)
The profit and loss statement illustrates net revenues (turnover) of EUR 269k against total
expenditures of EUR 259k. Taking into account net interest income of EUR 12k, this results in
a net profit for the year of EUR 22k (2006: EUR 9k). In financial year 2008, membership dues,
received sponsorship payments and other income totaled EUR 269k (2007: EUR 321k). The
operating expenses comprise other expenses in the amount of EUR 259k (2007: EUR 322k).
The other expenses include expenditures for public relations measures totaling EUR 64k
(2007: EUR 55k), travel and hospitality costs of €21k (2007: EUR 14k), legal and consulting
fees amounting to EUR 8k (2007: EUR 77k), the costs arising from the service
agreement for administrative and organizational activities by DVFA GmbH totaling EUR
146k (2007: EUR 164k) and other expenditures in the amount of EUR 20k (2007: EUR 12k).
The 2008 annual financial statements were audited by Ebner Stolz Mönning Bachem
GmbH & Co. KG, Frankfurt am Main, and received an unqualified opinion.
P + L 2008 2007
EUR EUR
Member Dues 211,200 232,346
Sponsor Dues 53,676 79,236
Other Income 4,000 9,513
Other Expenses 259,169 321,534
Net Interest Income 12,399 9,353
Annual Net Profit 22,106 8,913
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