IIW Annual Report 2019-20

Δ (%) 2018-19

ITEM

REALIZED 31/12/2018

2019

REALISED

BUDGET 31/12/2019

INCOME Membership fees

466.136 107.520

470.798 104.145

467.730 109.109

0,3 1,5

Fees from IIW events (A.A.+ Congress)

Other incomes

7.011

8.500

1.542

-78,0

Welding in the World

50.670

55.000

50.261

-0,8

Interest from bank accounts

1.565

2.000

1.164

-25,6

TOTAL

636.363

640.443

629.807

-1,0

EXPENDITURE Secretariat

487.040

495.261

500.434

2,8

Travelling expenses

29.717

35.000

21.053

-29,2

Direct costs for meetings and prizes

2.564

2.000 1.000 1.500

2.733

6,6

Office supplies and computer maintenance

790 816

263

-66,8 -93,3 -19,6

Postage and telephone

55

Promotion, communication

14.358

35.000 10.000 30.000

11.545 14.893 23.503

IIW website (hosting & maintenance)

9.600

55,1

Audit fees and legal fees

33.067

-28,9

Bank charges

1.979 4.310 2.427

2.000 4.272 3.000 1.050

1.852 4.321 2.707 1.000

-6,4

Straight-line method of depreciation

0,3

Insurance

11,5

Business Tax

12.320

-91,9 -99,6

Other charges

474

2

Extraordinary costs: transfer Secretariat to Italy

-

61.929

-

TOTAL

599.462

620.083

646.290

7,8

OPERATING RESULT

36.901

20.360

-16.484

-144,7

BAD DEBTS INVENTORY Bad debts recovered Provision for doubful account

42.800

-100,0

-27.575 -51.846 -36.621

-41.380

50,1

Irrecoverable debt

-9.807

-81,1

TOTAL

-51.187

39,8

NET RESULT BEFORE TAX

280

-67.671

Tax result RESULT AFTER TAX

280

-67.671

ANNUAL REPORT 2019-2020 - IIW

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