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A n n u a l R e p o r t 2 0 1 4
Financial Report
The financial position of EKONID was audited as of
December 31st, 2014 by the independent, registered
public accountants Bayudi, Yohana, Suzy and Arie 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, funds for development projects as well as
reimbursements for business promotion and trade fair
activities. The subsidies from the German government
and other government or institutional funded projects
are displayed, notably the EU funded Clean Batik
Initiative (CBI) and the European – Indonesian Business
Network (EIBN).
Overall EKONID was able to fulfill its obligations
towards the state authorities, its staff as well as suppliers
and is at the end of the year 2014 in a financially sound
position.
2013
2014
Cash Receipts
IDR
IDR
Membership Income
1,683,597,311
1,946,873,083
Service Income
7,582,478,789
8,057,795,188
Publications
457,927,738
83,666,332
Trade Fairs
1,483,499,358
2,157,380,454
Grant Project
13,290,262,688
3,503,494,090
Total Cash Receipts
24,497,765,884
15,749,209,147
Expenditures
Personnel expenditures
(9,109,474,729)
(10,010,408,325)
Operating expenses
(8,587,028,738)
(10,090,147,269)
Net Cash for operating activities
6,801,262,417
(4,351,346,447)
Net cash (used in) /
(450,147,062)
(295,927,668)
provided by investing activities
Subsidies from Germany
781,149,840
612,203,297
Funding for JERIN Events
(76,641,268)
0
Saving for employee Benefit Obligation
(312,588,856)
(309,030,130)
Net increase / (decrease) in cash and cash equivalent
6,743,035,071
(4,344,100,948)
Cash and cash equivalent at the beginning of year
1,682,811,407
8,425,846,478
Cash and cash equivalent at the end of year
8,425,846,478
4,081,745,530
Statement of Receipts and Expenses on Cash Basis
