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2007 Accounts

Financial accounts


Balance sheet as of 31 December 2007

 

2007 (Euro)

2006 (Euro)

ASSETS

   
     

Current assets

   

Debtors EU Commission - Eurocode

110,332

31,611

Other debtors

38,109

10,229

Advance payments - Eurocode partners

27,199

51,254

Cash at bank and on deposit

159,103

141,014

 

334,743

234,108

     

Accruals

472

354

 

335,215

234,462

LIABILITIES

   
     

Capital and reserves

   

Results brought forward

90,170

73,446

Result of the year

16,588

16,724

 

106,758

90,170

     

Creditors

   

Payments received on account - EU Commission - Eurocode

50,852

51,254

Payments received on account

86,672

45,557

Trade creditors

5,752

15,660

Creditors - Eurocode partners

77,436

21,248

Other liabilities

7,745

10,573

 

228,457

144,292

     

Accruals

   
 

335,215

234,462


Profit and loss account – Year ended December 31, 2007

 

2007 (Euro)

2006 (Euro)

Support and revenue

   
     

Other operating income

   

Corporate sponsorship

266,964

183,176

Sponsorship received on account

- 74,972

- 45,557

EU Subsidy

84,481

78,631

Co-financing in kind

89,409

92,342

Membership fees

47,125

41,250

Donations

531

57

Publication sales and royalties

4,253

7,059

Internet services

3,120

5,815

Project participation

16,436

24,325

Other operating revenue

12,598

6,120

Alzheimer Europe Conference

43,640

58,597

Eurocode Partner Income

303,036

265,452

     

External charges

   

External experts

- 138,356

- 125,525

Publication and Information material

- 37,309

- 29,629

Travel expenses

- 22,554

- 27,091

Communication costs

- 32,411

- 19,473

Accommodation expenses

- 38,109

- 28,773

Office rent and associated costs

- 24,962

- 22,291

Office stationery and related costs

- 1,976

- 2,470

Equipment & Leasing

- 16,051

- 8,362

Membership fees

- 1,670

- 750

Other costs

- 2,007

- 6,941

Irrecoverable debt

- 1,000

 

AE Conference

- 37,349

- 53,558

Eurocode Partner Expenses

- 303,036

- 265,452

     

Staff costs

   

Wages and salaries

- 97,907

- 85,491

Social security costs

- 27,424

- 23,324

     

Interest receivable and similar income

3,420

974

     

Interest payable and similar charges

- 1,332

- 2,387

     
     
 

16,588

16,724


Declaration of interests

Support from organisations and foundations

Alzheimer Europe is grateful to Association Luxembourg Alzheimer and the Luxembourg Ministry for Family for the secondment of the Executive Director of Alzheimer Europe and the office space they make available to the organisation free of charge.

Alzheimer Europe gratefully acknowledges the generous contribution of Fondation Médéric Alzheimer to the EuroCoDe project and the support of Mazars who carried out the audit of the organisation’s financial accounts free of charge.

Support from corporate sponsors

In 2007, Alzheimer Europe had an audited income of €875,012. Sponsorship by the pharmaceutical industry and other corporate sponsors amounted to €221,407 or 25.31%.

The following table lists sponsorship and donations received by individual companies, as well as other payments, such as speakers’ fees, honoraria and support for travel and subsistence costs. The global support received from individual companies is also presented in terms of percentages of the overall income of the organisation in line with the policy of the European Medicines Agency on transparency requirements for accredited patients’ organisations.

Company

Sponsorship and donations

Honoraria and travel support

TOTAL

(2007)

% of AE income (2007)

TOTAL

(2006)

% of AE income (2006)

Janssen-Cilag

40,000€

 

40,000€

4.57%

40,000€

5.24%

Pfizer

35,000€

4,620€

39,620€

4.53%

36,361€

4.76%

Lundbeck

30,000€

4,985€

34,985€

4.00%

42.224€

5.53%

GlaxoSmithKline

25,000€

2,107€

27,107€

3.10%

26,300€

3.44%

Novartis

20,000€

 

20,000€

2.29%

16,723€

2.19%

Lilly

10,000€

 

10,000€

1.14%

   

PhRMA

10,000€

 

10,000€

1.14%

   

Wyeth

8,300€

 

8,300€

0.95%

   

Merck Sharp & Dohme

5,000€

 

5,000€

0.57%

7,891€

1.03%

Roche

 

881€

881€

0.10%

319€

0.04%

EFPIA

 

64€

64€

0.00%

744€

0.10%

APIFARMA

       

1,529€

0.20%

Drug Information Association

       

158€

0.02%

Sub-total: Support by the pharmaceutical industry

195,957€

22.40%

172.249€

22.55%

GE Healthcare

20,000€

450€

20,450€

2.34%

927€

0.12%

Numico

5,000€

 

5,000€

0.57%

10,000€

1.31%

Sub-total: Support by other corporate sponsors

25.450€

2.91%

10,927€

1.43%

Total: Support by corporate sponsors

221,407€

25.31%

183,176€

23.98%

 

 

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Last Updated: Wednesday 19 January 2011

 

 
 

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