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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

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