T
he financial position of EKONID was audited as of
December 31, 2016, 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
2015
2016
Cash Receipts
IDR
IDR
Membership Income
2,049,630,808
2,142,101,787
Service Income
11,309,096,882
8,710,221,796
Publications
593,151,521
426,354,379
Trade Fairs
1,878,059,539
2,242,964,287
Grant Project
10,328,199,435
9,797,927,310
Total Cash Receipts
26,158,138,185
23,319,569,559
Expenditures
Personnel expenditures
(10,690,482,935)
(11,405,065,409)
Operating expenses
(12,334,654,389)
(9,893,334,661)
Net Cash for operating activities
3,133,000,861
2,021,169,489
Net cash (used in) / provided by investing activities
(590,040,489)
(284,573,428)
Subsidies from Germany
506,221,868
666,738,992
Saving for employee Benefit Obligation
(977,647,780)
(432,468,388)
Net increase / (decrease) in cash and cash equivalent
2,071,534,460
1,970,866,665
Cash and cash equivalent at the beginning of year
4,081,745,530
6,153,279,990
Cash and cash equivalent at the end of year
6,153,279,990
8,124,146,655
F I N A N C I A L R E P O R T
Statement of Receipts and
Expenses on Cash Basis
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 2016 in a financially sound
position.
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