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2016 Accounts

Financial accounts


Balance sheet as of December 31, 2016

 
     
 

2016 (Euro)

2015 (Euro)

 

 

 

ASSETS

 

 

 

 

 

Fixed assets

 

 

Other fixed assets

                        29,551

                      29,066

 

 

 

Current assets

 

 

Debtors European Commission

                      186,847

                     167,803

Other debtors

                        53,317

                     235,593

Cash at bank and on deposit

                      640,814

                     556,999

 

                      880,978

                     960,395

     

Prepayments

                          2,560

                        1,611

 

 

 

 

                      913,088

                     991,072

     

LIABILITIES

   
     

Capital and reserves

   

Results brought forward

                      217,562

                     197,798

Result of the year

                        21,579

                      19,763

 

                      239,140

                     217,562

     

Creditors

   
     

EU Subsidies received on account

                      423,438

                     395,583

Tax and social security

                        28,838

                      27,163

Payments received on account

                        10,000

                     250,000

Trade creditors

                        59,657

                      48,367

Other liabilities

                        34,615

                      31,324

 

                      556,548

                     752,437

     

Deferred income

                      117,400

                      21,074

 

                      913,088

                     991,072

     

Deferred income represents a part of income received in 2016 and which will be used in 2017.

     

As at December 31, 2016, the non-profit organisation had a rental guarantee of KEUR 16 granted to the owner of the offices used by the non-profit organisation.


Profit and loss account Year ended December 31, 2016

 

 2016 (Euro) 

 2015 (Euro) 

 

Support and revenue

     
       

Other operating income

     

EU Subsidy

       594,889

       611,498

 

Corporate sponsorship

       535,757

       287,386

 

Sponsorship received on account

-      117,400

-       21,074

 

AE Conference registration fees

       184,382

       123,191

 

Project participation and other subsidies

       101,589

        98,153

 

Co-financing in kind

       123,686

        85,200

 

Membership fees and contributions

        55,666

        58,377

 

Deferred income

        21,074

          9,060

 

Publication sales and royalties

          7,110

          1,712

 

Donations

             703

             574

 

Other operating income

          8,576

          6,846

 
       

External charges

     

Accommodation expenses

-      320,162

-      200,638

 

External experts

-      215,485

-      140,403

 

Travel expenses

-       88,761

-       74,075

 

Publication and Information material

-       79,829

-       79,869

 

Office rent and associated costs

-       43,378

-       41,220

 

Alzheimer Europe Foundation

-       38,536

-       40,686

 

Equipment and Leasing

-       32,207

-       15,185

 

Communication costs

-       26,833

-       39,957

 

Recruitment costs

-         5,604

-            813

 

Office stationery and related costs

-         5,078

-         3,454

 

Bank charges

-         4,013

-         3,023

 

Membership fees

-         1,000

-         1,120

 

Other costs

-              49

-            704

 
       

Staff costs

     

Wages and salaries

-      543,996

-      521,716

 

Social security costs

-       76,126

-       68,486

 
       

Depreciation

-       14,221

-       10,670

 
       

Interest receivable and similar income

             827

             860

 
 

21,579

19,763

 

Breakdown of income

Funding source

Funding received (2016)

As % of AE income (2016)

As % of AE income (2015)

Hoffmann-LaRoche

210,700

13.89%

2.38%

Lilly

75,780

5.00%

4.06%

Novartis

40,000

2.64%

 

GlaxoSmithKline

35,500

2.34%

2.87%

GE Healthcare

20,000

1.32%

1.59%

MSD

20,000

1.32%

 

Pfizer

20,000

1.32%

 

Biogen

15,000

0.99%

0.40%

Piramal

15,000

0.99%

1.19%

Axovant

12,500

0.82%

 

Lundbeck

11,250

0.74%

0.99%

Otsuka

11,250

0.74%

0.99%

Janssen

10,000

0.66%

1.59%

Merz

10,000

0.66%

0.79%

Amoneta

3,515

0.23%

 

Various companies

2,558

0.17%

 

Income received on account

21,074

1.39%

 

Deferred income

-117,400

-7.74%

-0.95%

Sandoz

 

0.00%

0.40%

Sub-total: Pharmaceutical funding

416,727

27.47%

17.24%

Nutricia

15,000

0.99%

1.19%

SCA Global Hygiene

10,000

0.66%

2.96%

Microsoft

7,817

0.52%

 

Newsweaver

4,188

0.28%

0.45%

Nestlé

2,500

0.16%

1.39%

Sub-total: Other corporate sources

39,505

2.60%

5.99%

Total: Corporate funding

456,232

30.08%

23.23%

European Commission

594,829

39.21%

48.46%

Swiss Ministry of health

660

0.04%

 

Total: Public funding

595,489

39.26%

48.46%

Fondation Alzheimer, Luxembourg

87,000

5.74%

6.90%

Various organisations

8,576

0.57%

0.54%

University of Wolverhampton

2,605

0.17%

 

Nottinghamshire Healthcare

2,102

0.14%

 

Université de Lille

2,000

0.13%

 

Alzheimer Europe Foundation

1,857

0.12%

0.15%

university of Stirling

1,250

0.08%

 

Fondation Médéric Alzheimer

660

0.04%

0.32%

Fondation Roger de Spoelberch

 

 

0.42%

Total: Foundations and organisations

106,050

6.99%

8.32%

Individuals (Conference fees, donations, publications)

192,195

12.67%

9.94%

Total: Individuals

192,195

12.67%

9.94%

AE member organisations

166,066

10.95%

10.93%

Total: Member organisations

166,066

10.95%

10.93%

Bank interest and similar

827

0.05%

0.07%

Total: Bank interest and similar

827

0.05%

0.07%

Total Income

1,516,859

100.00%

100.00%

 

 
 

Last Updated: Thursday 26 October 2017

 

 
 

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