IIW Annual Report 2021

IIW ACCOUNTS 2O2O

Δ (%)

ITEM

REALIZED 31/12/2019

2020

REALIZED

BUDGET 31/12/2020

REALISED VS BUDGET

The amounts are in Euros

INCOME Membership fees

467.730 109.109

475.506 111.181

475.506

0%

Fees from IIW events (A.A.+ Congress) ISO Standards (formerly other incomes)

66.665

-40% 11% 29%

1.542

7.500

8.332

Welding in the World

50.261

60.000

77.598

Other incomes

6.500

Interest from bank accounts

1.164

1.500

0

-100%

TOTAL

629.807

655.687

634.602

-3%

EXPENDITURE Secretariat

500.434

480.000

480.000

0%

Travelling expenses

21.053

50.000

4.936 7.785 2.156 2.825 1.026 6.680 1.547 8.450 1.230 0

-90%

Direct costs for meetings and prizes

2.733

2.000 1.000 1.500

289% 116% -100%

Office supplies and computer maintenance

263

Postage and telephone

55

Promotion, communication

11.545 14.893 23.503

37.000 10.000 42.000

-92% -90% -84% -23%

Software (hosting and maintenance)

Audit fees and legal fees

Bank charges

1.852 4.321 2.707 1.000

2.000 4.272 3.000

Straight-line method of depreciation

98%

Insurance

-59%

Registry Tax (formerly business tax)

22.000

77

-100%

Other charges

2

- -

215

- -

Extraordinary costs: transfer IIW to Italy

61.929

10.480

TOTAL

646.290

654.772

527.407

-19%

OPERATING RESULT

-16.484

915

107.195

11613%

BAD DEBTS INVENTORY

0

Bad debts recovered

0

1.381

Provision for doubful account (membership fees)

-41.380

-8.698

Provision for doubful account (other)

-35.000 -30.281 -72.598

Irrecoverable debt

-9.807

TOTAL

-51.187

NET RESULT BEFORE TAX

-67.671

34.597 -20.943 13.654

Income tax

0

RESULT AFTER TAX

-67.671

TREASURE’S REPORT 9