Limmat Foundation, 8044 Zurich Project Center

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Limmat Foundation, 8044 Zurich Project Center Annual Statement of Account Note 2011 2010 CHF CHF General contributions 7 30'000.00 0.00 Project-related contributions for administration 19'422.50 8'120.00 Contributions and fundraising 49'422.50 8'120.00 Human resource costs 8 -130'967.00 -126'254.00 Travel and representation costs -13'913.45 -19'681.00 Indirect project costs -144'880.45 -145'935.00 Statement of Foundation Activity -95'457.95 -137'815.00 Human resource costs 8 -623'351.45 -606'021.50 Travel and representation costs -14'027.95 -17'340.20 Informational material and conferences 7 -54'564.45 -23'370.99 Information technology and office machines -9'855.90 -30'954.70 Financial audit -24'127.40 -24'325.35 General office and administration costs -16'332.47 -21'873.05 Administrative costs -742'259.62 -723'885.79 Rental income 9 21'000.00 21'000.00 Real estate expenses -39'325.14 -48'965.05 Net real estate expenses -18'325.14 -27'965.05 Statement of Administration -760'584.76 -751'850.84 Earned income on liquid assets and long-term deposits 9'920.59 7'018.19 Securities earnings 174'831.89 228'247.10 Financial Earnings 184'752.48 235'265.29 Bank fees, commissions, deposit fees -30'289.00 -31'777.10 Market-value adjustment for securities 10 -859'473.33 449'493.38 Market-value adjustment for currency 10 -126'179.57 -797'384.47 Net market-value adjustment -985'652.90 -347'891.09 Results Assets Management -831'189.42 -144'402.90 Ausgleich Ergebnis interne Portfolios Real Estate adjustment 4 -17'438.89 -17'438.90 Financial Result -848'628.31 -161'841.80 Earnings from services to third parties 11 15'000.00 15'300.00 Other Results 15'000.00 15'300.00 Annual Result before Allocation of Funds -1'689'671.02 -1'036'207.64 Variations in provisions 5 800'000.00 100'000.00 Sub-foundation contributions to the project center: -according to project expenditure 12 251'654.60 290'804.50 -according to capital or financial result 12 130'161.46 123'923.16 Total Allocation of Funds 1'181'816.06 514'727.66 Annual Result -507'854.96 -521'479.98
Limmat Foundation, 8044 Zurich Project Center Project Center Annex to the annual report 2011 I. Goal of the Project Center The Project-Center is corresponding to the organizational capital by FER 21. II. Statement of principles for financial reporting The statement of principles for the financial reporting can be found at www.limmat.org/RLG III. Line item explanation of the balance sheet 1. Liquid assets and securities Securities are values according to current market value. Therefore, on the liabilities page, a provision for market price fluctuation will be shown (cf. note 5). The securities are part of the fixed assets, and therefore appear in the Financial Report under that heading. Portfolio structure: 31.12.2011 Type of investment Switzerland Abroad Total in CHF in % in CHF in % in CHF in % Liquid assets and long-term deposits 1,929,863.79 14% 1,801,818.20 13% 3,731,681.99 27% Bonds and simmilars 2,447,800.23 18% 1,557,281.47 11% 4,005,081.70 29% Stocks ans simmilars 3,437,347.40 25% 2,549,739.21 18% 5,987,086.61 43% Alternative investments 0.00 0% 81,828.85 1% 81,828.85 1% Sub-total of securities 5,885,147.63 43% 4,188,849.53 30% 10,073,997.16 73% Total 7,815,011.42 57% 5,990,667.73 43% 13,805,679.15 100% 31.12.2010 Switzerland Abroad Total in CHF in % in CHF in % in CHF in % Liquid assets and long-term deposits 3,443,146.56 23% 2,293,541.92 15% 5,736,688.48 38% Bonds and simmilars 1,137,985.00 8% 825,686.08 5% 1,963,671.08 13% Stocks ans simmilars 4,667,832.00 31% 2,616,407.05 17% 7,284,239.05 48% Alternative investments 0.00 0% 102,847.20 1% 102,847.20 1% Sub-total of securities 5,805,817.00 38% 3,544,940.33 23% 9,350,757.33 62% Total 9,248,963.56 61% 5,838,482.25 39% 15,087,445.81 100% The accrued interest of CHF 2,129.17 as of 31.12.2011 are included in the prepaid expenses and deferred receivables. This division includes the shares held by the project center's internal portfolios: Project Center Stock 31.12. Change in value 2011 Portfolio 1 (Bonds) 3,911,061.70 9,565.70 Portfolio 2 (Swiss Stocks) 2,821,890.15 28,997.15 Portfolio 3 (Foreign Stocks) 973,558.31 -12,615.82 Total 7,706,510.16 25,947.03 2. Receivable: withholding tax. 3. Internal accounts: Current account with the 14 sub-foundations
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