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Financial report 2009

 

PUBLIC BENEFIT REPORT
Public Benefit Report
Statement Of Operations As December 31, 2009
HUF

Nr. Category Previous year HUF* Current year HUF*
1 A. Total Income from Public Benefit Activity 156 744 95 465
2 1. donations 16 588 12 883
3 a) from founder 9 100 12 883
7 2. from project tenders 131 915 79 870
8 3. from public benefit activity 7 138 2 572
10 5. other income 1 103 140
11 B. Income from Financial Activity 2 792 0
12 C. Total Income (A+B) 159 536 95 465
13 D. Expenditures of Public Benefit Activity 155 112 93 373
14 1. material expenses 93 211 36 903
15 2. personnel expenses 58 104 49 468
16 3. depreciation 568 675
17 4. other expenses 37 1 180
18 5. expenditures of financial transactions 3 192 5 147
20 E. Expenditures of Financial Activity 2 792 0
21 1. material expenses 0 0
22 2. personnel expenses 2 792 0
25 5. expenditures of financial transactions
27 F. Expenditures of all Activities (D+E) 157 904 93 373
28 G. Results Before Taxation (B-E)
29 H. Taxation Liability
30 I. Current Year Financial Activity Result (G-H)
31 J. Current Year Public Benefit Result (A-D) 1 632 2 092

 

PUBLIC BENEFIT REPORT
BALANCE SHEET AS DECEMBER 31, 2009
HUF

Nr. Category Previous year HUF* Current year HUF*
1 A. Fixed Assets (2-5) 746 425
2 I. Intangible Assests 24 12
3 II. Tangible Assets 722 413
4 III. Long-Term Investments
5 IV. Long-Term Investments Value Correction
8 B. Current Assets (9-12) 11 212 24 545
9 I. Inventory
10 II. Accounts Receivable 231 216
11 III. Short-Term Investments
12 IV. Cash & Cash Equivalents 10 981 24 329
13 C. Prepaid Expenses 17 041 2 898
14 Total Assets (A+B+C) 28 999 27 868
15 D. Net Worth (16-23) 7 993 10 336
16 I. Start-Up Fund Balance 3 000 3 000
19 III. Reserves
20 IV. Valuation Reserves 3 361 5 244
23 VII. Current Year Public Benefit Result 1 632 2 092
24 E. Provisions
25 F. Liabilities (27-28) 17 402 2 167
27 I. Long-Term Liabilities
28 II. Short-Term Liabilities 17 402 2 167
29 G. Acrued Expenses 3 604 15 365
30 Total Net Worth and Liabilities (D+E+F+G) 28 999 27 686

* in thousands

Nilda Bullain – Executive Director

 

AUDITORS REPORT

To the Founders of European Center for Not-for-Profit Law’s /”ECNL Kht.”/
regarding the company’s Annual Report for 2009

I have audited the accompanying Simplified Annual Report’s Balance Sheet as of December 31, 2009 of ECNL Kht., where

  • the Total Assets and Liabilities are HUF 27.868k, Equities are HUF 10.336k
  • the Profit and Loss Statement where the profit of the year HUF 2.092kand Supplementary AnnexThe Annual Report is the responsibility of the Company’s management.The task of the auditor is to attest the Balance Sheet, Profit and Loss Statement and Supplementary Annex on the basis of the audit.I conducted the audit in accordance with International Standards on Auditing and applicable law and regulations in Hungary. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.I believe that the audit I conducted provides a reasonable basis for issuing an independent audit report and attestation clause.

    The audit dispenses with the detailed analysis of certain items in the Annual Balance Sheet and Profit and Loss Statement due to the following point hereinafter:

  • After corrections made followed my interim and closing remarks, the audit didn’t raise any significant objections regarding the bookkeeping, financial accounting and annual report.
  • The Supplementary Annex prepared as a part of the Annual Report contains the components of the balance items in detail, which are well documented and its consistency is in accordance with regulations.

·  The Profit and Loss Statement is conducted in accordance with legal regulations.

The Company’s Annual Report for 2009 is based on reliable accounting; the accuracy of the accounting for different economic activities can be stated.

On the basis of the audit I propose to the Founders to accept the Company’s Annual Report for 2009.

Clause

While conducted the audit I reviewed the yearly report of ECNL Kht., its items and details supported by invoices and vouchers as specified by the standards of the applicable Hungarian audit regulations. On the basis of this I have made sure that all proof are satisfactory and sufficient to confirm that the yearly report has been prepared in accordance with the Act and Principles of Accounting.

I state that the yearly report reflects the financial status – including proceeds and possessions – of ECNL Kht. Truly and reliably.

Budapest, May 28, 2010.

Jónásné Penner Ágnes
Registered auditor
Chamber registration no.001448