The financial position of EKONID audited as of December
31, 2017, by the independent, registered public accountants
KAP Bayudi, Yohana, Suzy, Arie in accordance with the
accounting principles of 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 itsmembers,
funds for development projects as well as reimbursements
for business promotion and trade fair services. The subsidies
from the German government and other government or
institutionally-funded projects such as the EU co-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 2017 in a financially sound position.
2016
2017
Cash Receipts
IDR
IDR
Membership Income
2,142,101,787
1,981,678,284
Service Income
8,710,221,796
9,079,236,697
Publications
426,354,379
510,037,129
Trade Fairs
2,242,964,287
2,491,961,411
Grant Project
9,797,927,310
5,798,921,204
Total Cash Receipts
23,319,569,559
19,861,834,725
Expenditures
Personnel expenditures
(11,405,065,409)
(11,233,244,877)
Operating expenses
(9,893,334,661)
(11,018,526,984)
Net Cash for operating activities
2,021,169,489
(2,389,937,136)
Net cash (used in) / provided by investing activities
(284,573,428)
(1,263,746,596)
Subsidies from Germany
666,738,992
2,456,206,248
Saving for employee Benefit Obligation
(432,468,388)
(616,547,523)
Net increase / (decrease) in cash and cash equivalent
1,970,866,665
(1,814,025,007)
Cash and cash equivalent at the beginning of year
6,153,279,990
8,124,146,655
Cash and cash equivalent at the end of year
8,124,146,655
6,310,121,648
Statement of Receipts and Expenses
46
| EKONID ANNUAL REPORT 2017
