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2008 Accounts

Financial accounts

Balance sheet as of 31 December 2008


 

2008 (Euro)

2007 (Euro)

     

ASSETS

     

Current assets

Debtors EU Commission - Eurocode

174,745

59,480

Other debtors

19,680

37,314

Advance payments - Eurocode partners

10,265

27,199

Cash at bank and on deposit

202,962

159,103

 

407,652

283,096

     

Accruals

9,590

472

 

417,242

283,568

     

LIABILITIES

   
     

Capital and reserves

   

Results brought forward

106,758

90,170

Result of the year

38,330

16,588

 

145,088

106,758

     

Creditors

   

Payments received on account

83,798

86,672

Trade creditors

48,235

5,752

Creditors - Eurocode partners

131,352

77,436

Other liabilities

8,768

6,950

 

272,154

176,810

     

Accruals

   
 

417,242

283,568


Profit and loss account year ended December 31, 2008

 

2008 (Euro)

2007 (Euro)

Support and revenue

   
     

Other operating income

   

Corporate sponsorship

323,664

266,964

Sponsorship received on account

- 83,798

- 74,972

EU Subsidy

79,503

84,481

Co-financing in kind

93,832

89,409

Membership fees

48,000

47,125

Donations

485

531

Publication sales and royalties

9,873

4,253

Internet services

2,220

3,120

Other sponsorship and project participation

21,310

16,436

Other operating revenue

6,479

12,598

Alzheimer Europe Conference

22,989

43,640

Unpayable debts

399

 

Eurocode Partner Income

333,146

303,036

     

External charges

   

External experts

- 160,041

- 138,356

Publication and Information material

- 58,054

- 37,309

Travel expenses

- 29,663

- 22,554

Communication costs

- 22,010

- 32,411

Accommodation expenses

- 37,316

- 38,109

Office rent and associated costs

- 23,981

- 24,962

Office stationery and related costs

- 2,510

- 1,976

Equipment & Leasing

- 12,236

- 16,051

Membership fees

- 1,120

- 1,670

Other costs

- 2,481

- 2,007

Irrecoverable debt

 

- 1,000

AE Conference

 

- 37,349

Eurocode Partner Expenses

- 333,146

- 303,036

     

Staff costs

   

Wages and salaries

- 112,614

- 97,907

Social security costs

- 31,204

- 27,424

     

Interest receivable and similar income

7,108

3,420

     

Interest payable and similar charges

- 504

- 1,332

     
     
 

38,330

16,588


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 2008, Alzheimer Europe had an audited income of €949,008.

Sponsorship by the pharmaceutical industry and other corporate sponsors amounted to €248,692 or 26.21%.

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)

Pfizer

40,000€

486€

40,486€

4.26%

Janssen-Cilag

40,000€

 

40,000€

4.21%

GlaxoSmithKline

40,000€

 

40,000€

4.21%

Novartis

40,000€

 

40,000€

4.21%

Lundbeck

20,000€

9,843€

29,843€

3.14%

Wyeth

20,000€

3,269

23,269€

2.45%

Lilly

20,000€

 

20,000€

2.11%

Merck Sharp & Dohme

10,000€

 

10,000€

1.05%

EFPIA

 

404€

404€

0.04%

Sub-total: Support by the pharmaceutical industry

244,002€

25.71%

GE Healthcare

3,190€

3,190€

3,190€

0.34%

Innovaacom

 

1,500€

1,500€

0.16%

Sub-total: Support by other corporate sponsors

4.690€

0.49%

Total: Support by corporate sponsors

248,692€

26.21%

 

 
 

Last Updated: Wednesday 19 January 2011

 

 
 

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