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2017 Accounts

Financial accounts


Balance sheet as of December 31, 2017

 
     
 

2017 (Euro)

2016 (Euro)

   

 

ASSETS

 

 

   

 

Fixed assets

 

 

Other fixed assets

20,782

                        29,551

   

 

Current assets

 

 

Debtors European Commission

177,582

                      186,847

Other debtors

60,545

                        53,317

Cash at bank and on deposit

275,500

                      640,814

   

                      880,978

     

Prepayments

50,552

                          2,560

   

 

 

584,961

                      913,088

     

LIABILITIES

   
     

Capital and reserves

   

Results brought forward

239,140

                      217,562

Result of the year

37,197

                        21,579

 

276,337

                      239,140

     

Creditors

   
     

EU Subsidies received on account

72,658

                      423,438

Tax and social security

24,233

                        28,838

Payments received on account

50,000

                        10,000

Trade creditors

86,836

                        59,657

Other liabilities

27,656

                        34,615

 

261,383

                      556,548

     

Deferred income

47,241

                      117,400

 

584,961

                      913,088

     

Deferred income represents a part of income received already in 2016 and which will be used in 2018.

     

As at December 31, 2017, 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, 2017

 

2017 (Euro)

2016 (Euro)

Other operating income

   

EU Subsidy

798 133

594 889

Corporate sponsorship

350 221

535 757

Sponsorship received on account

 

-117 400

AE Conference registration fees

182 094

184 382

Co-financing in kind

129 513

123 686

Project participation and other subsidies

98 972

101 589

Deferred income

70 160

21 074

Membership fees and contributions

58 067

55 666

Publication sales and royalties

542

7 110

Donations

30

703

Other operating income

11 486

8 576

     

External charges

   

Accommodation expenses

-339 267

-320 162

External experts

-227 766

-215 485

Travel expenses

-105 810

-88 761

Publication and Information material

-89 217

-79 829

Alzheimer Europe Foundation

-62 485

-38 536

Office rent and associated costs

-43 053

-43 378

Communication costs

-43 000

-26 833

Equipment and Leasing

-39 987

-32 207

Recruitment costs

-

-5 604

Office stationery and related costs

-5 793

-5 078

Bank charges

-4 166

-4 013

Membership fees

-3 870

-1 000

Other costs

-48

-49

     

Staff costs

   

Wages and salaries

-598 599

-543 996

Social security costs

-85 138

-76 126

     

Depreciation

-13 920

-14 221

     

Interest receivable and similar income

98

827

 

 

 

     
 

37 197

21 579


Breakdown of income

Funding source

Funding received (2017)

As % of AE income (2017)

As % of AE income (2016)

Hoffmann-LaRoche

60 000

3,53%

13,89%

Lilly

55 871

3,29%

5,00%

GlaxoSmithKline

35 600

2,09%

2,34%

Novartis

25 000

1,47%

2,64%

Merck

25 000

1,47%

1,32%

Eisai

25 000

1,47%

 

Pfizer

20 000

1,18%

1,32%

GE Healthcare

20 000

1,18%

1,32%

Otsuka

20 000

1,18%

0,74%

Axovant

15 000

0,88%

0,82%

Janssen

10 000

0,59%

0,66%

AbbVie

5 000

0,29%

 

Lundbeck

2 500

0,15%

0,74%

Merz

 

 

0,66%

Piramal

 

 

0,99%

Biogen

 

 

0,99%

Firalis - ADDIA

 

 

0,23%

Travel provided free of charge

3 141

0,18%

0,17%

Income received on account

70 160

4,13%

1,39%

Deferred income

0

0,00%

-7,74%

Sub-total: Pharmaceutical funding

392 271

23,08%

27,47%

Nutricia

15 000

0,88%

0,99%

Essity (SCA Global Hygiene)

10 000

0,59%

0,66%

Newsweaver

4 188

0,25%

0,28%

HammondCare

2 500

0,15%

 

Nestec

2 500

0,15%

0,16%

Microsoft

1 884

0,11%

0,52%

Wi-Care

1 250

0,07%

 

Sub-total: Other corporate sources

37 322

2,20%

2,60%

Total: Corporate funding

429 594

25,28%

30,08%

European Commission

798 133

46,97%

39,21%

Bundesamt für Gesundheit Bern

 

 

0,04%

Total: Public funding

798 133

46,97%

39,26%

Fondation Alzheimer, Luxembourg

87 000

5,12%

5,74%

Various organisations

11 486

0,68%

0,57%

University of Nottingham

5 596

0,33%

0,14%

University of Wolverhampton - MinD

3 163

0,19%

0,17%

AE Foundation

1 963

0,12%

0,12%

NUI Galway

1 250

0,07%

0,13%

University of Stirling

 

 

0,08%

Fondation Médéric Alzheimer

 

 

0,04%

Total: Foundations and organisations

110 458

6,50%

6,99%

Individuals (Conference fees, donations, publications)

182 667

10,75%

12,67%

Total: Individuals

182 667

10,75%

12,67%

AE member organisations

178 367

10,50%

10,95%

Total: Member organisations

178 367

10,50%

10,95%

Bank interest and similar

98

0,01%

0,05%

Total: Bank interest and similar

98

0,01%

0,05%

Total Income

1 699 315

100,00%

100,00%

 

 
 

Last Updated: Friday 22 June 2018

 

 
 

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