40
Annual Report 2013
FINANCIAL
REPORT
The financial position of EKONID was audited as of December 31
st
, 2013 by the independent,
registered public accountant DRs. Bayudi Watu & Rekan in accordance with the accounting
principles generally accepted in the Republic of Indonesia.
Reflecting its character as a non-for-profit organization, EKONID’s balance sheet is
dominated by cash and cash equivalents.
As income EKONID receives contributions from its members, fund for development
projects, income from business promotion and trade fair activities. The subsidies from the
German government and other government or institutional funded projects are displayed.
The large increase in grant funded projects – mostly the EU funded Clean Batik Initiative
(CBI), The EU-Active Program and the ICI+ Project – influenced the financial position of
EKONID significantly in 2013.
Overall EKONID was able to fulfill its obligations towards the authorities, its staff as
well as suppliers and is at the end of the year 2013 in a financially sound position.
■
2012
2013
CASH RECEIPTS
IDR
IDR
Membership Income
1.525.436.789
1.683.597.311
Service Income
5.334.515.985
7.582.478.789
Publications
227.602.461
457.927.738
Trade Fairs
1.693.465.232
1.483.499.358
Grant Project
7.649.219.760
13.290.262.688
TOTAL CASH RECEIPTS
16.430.240.227
24.497.765.884
Expenditures
Personnel expenditures
(8.289.986.340)
(9.109.474.729)
Operating expenses
(9.085.460.524)
(8.587.028.738)
NET CASH FOR OPERATING ACTIVITIES
(945.206.637)
6.801.262.417
Net cash (used in) / provided by investing activities
(268.645.675)
(450.147.062)
Subsidies from Germany
1.787.294.839
781.149.840
Funding for JERIN Events
(788.619.568)
(76.641.268)
Saving for Employee Benefit Obligation
(132.199.509)
(312.588.856)
NET INCREASE / (DECREASE) IN CASH
AND CASH EQUIVALENT
(347.376.550)
6.743.035.071
Cash and cash equivalent at the beginning of year
2.030.187.957
1.682.811.407
Cash and cash equivalent at the end of year
1.682.811.407
8.425.846.478
STATEMENT OF RECEIPTS AND EXPENSES ON CASH BASIS
