ANNUAL
REPORT
2015
50
STATEMENT OF RECEIPTS AND EXPENSES ON CASH BASIS
FINANCIAL
REPORT
The financial position of EKONID was audited
as of December 31
st
, 2015, 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-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 such as the German
Season are displayed as well as the EU funded
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 2015 in a
financially sound position.
2014
2015
Cash Receipts
IDR
IDR
Membership Income
1,946,873,083
2,049,630,808
Service Income
8,057,795,188
11,309,096,882
Publications
83,666,332
593,151,521
Trade Fairs
2,157,380,454
1,878,059,539
Grant Project
3,503,494,090
10,328,199,435
Total Cash Receipts
15,749,209,147 26,158,138,185
Expenditures
Personnel expenditures
-10,010,408,325
-10,690,482,935
Operating expenses
-10,090,147,269
-12,334,654,389
Net Cash for operating activities
-4,351,346,447
3,133,000,861
Net cash (used in) / provided by investing activities
-295,927,668
-590,040,489
Subsidies from Germany
612,203,297
506,221,868
Saving for employee Benefit Obligation
-309,030,130
-977,647,780
Net increase / (decrease) in cash and cash equivalent
-4,344,100,948
2,071,534,460
Cash and cash equivalent at the beginning of year
8,425,846,478
4,081,745,530
Cash and cash equivalent at the end of year
4,081,745,530
6,153,279,990
