IFU REport 2011 - NZJBA - The New Zealand Juice & Beverage ...
IFU REport 2011 - NZJBA - The New Zealand Juice & Beverage ...
IFU REport 2011 - NZJBA - The New Zealand Juice & Beverage ...
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Treasurer Report<br />
<strong>2011</strong><br />
By Dr Gerhard KERSTING<br />
Treasurer of the International Federation of Fruit <strong>Juice</strong> Producers<br />
<strong>IFU</strong> has successfully managed its business through the year <strong>2011</strong>, although it was a<br />
challenging one.<br />
We have been focusing on a clear Revenue management stabelising Membership fees,<br />
combined with cost control.<br />
Membership fees decreased again by 3,2 % to € 136.492,00, although 5 new members<br />
applied for <strong>IFU</strong> membership in <strong>2011</strong>.<br />
Securities increased by 1,2 % to € 213.312,92.<br />
Total Expenses were 1,0 % below budget at € 155.502,37, whereas salaries increased to €<br />
103.434,92. This increase was mainly due to accruals for vacation and an annual bonus<br />
which had to be paid to the Secretary General according to the French Collective Agreement.<br />
As a result profit was at € 20.218,38, fortunately, but compared to 2010 result was down by €<br />
5.286,05.<br />
<strong>IFU</strong> performance at a glance<br />
revenue expenses<br />
2010 € 174.040,43 € 148.535,90<br />
<strong>2011</strong> € 175.720,75 € 155.502,37<br />
+ 1,0 % + 4,7 %<br />
profit<br />
2010 € 25.504,53<br />
<strong>2011</strong> € 20.218,38<br />
/ 20,7 %<br />
Regardless the uncertainty in our markets, I believe that <strong>IFU</strong> with its experienced people and<br />
good record of management will stand us in good stead for the coming year.<br />
Report on the activities <strong>2011</strong><br />
May 2012<br />
11