Gb08_engl Umschlag:GB 2005 - DVFA

DVFA GmbH annual financial statements
Profit & Loss Statement
as at 31 December 2008 (in EUR, rounded)
Profit & Loss Statement_
The profit and loss statement for financial year 2008 reflects net revenues (turnover) of
EUR 3,838k (2007: EUR 4,122k), equating to a decline of 7%. Turnover was generated
primarily by the areas: training and professional development, conferences and forums.
The company received its contractual 75% share of membership dues and joining fees
received by DVFA e.V. as payment for its organisational and administrative services.
Material expenditures declined by EUR 1k to EUR 1,293k. The largest outlays within
material expenditures are attributable to instructors’ fees, marketing and event costs.
Personnel expenses were EUR 32k (2%) higher, at EUR 1,734k. Depreciation costs totalled
EUR 67k (2007: EUR 83k). Other operating expenses were down by EUR 23k (3%) to EUR
638k. After taxes, this results in net profit for the year of EUR 182k (2007: EUR 309k).
The 2008 annual financial statements were audited by Ebner Stolz Mönning Bachem
GmbH & Co. KG, Wirtschaftsprüfungsgesellschaft, Steuerberatungsgesellschaft, Frankfurt
am Main, and received an unqualified opinion.
P + L 2008 2007
EUR EUR
Turnover 3,838,354 4,121,548
Other Operating Revenues 37,915 41,234
Material Expenditure 1,292,529 1,294,078
Personnel Expenditure 1,733,623 1,701,767
Depreciations 67,188 83,082
Other Operating Expenditure 637,996 661,271
Net Interest Income 104,236 75,672
Operating income 249,169 498,256
Taxes on Earnings 67,313 189,238
Net profit 181,856 309,018
43