IIW Annual Report 2022

INCOME STATEMENT

2021

ITEM

REALISED

INCOME Membership fees

480,261 104.212 54.396

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

Welding in the World

Royalties on IIW Recommended Practices and PS

- -

Royalties on IAMQS

ISO Standards Other incomes

1.396

28.062

Interest from bank accounts

12

TOTAL

669.293

EXPENDITURE

Secretariat

480.000

Travelling expenses (for IIW Events since 2022)

3.418 1.375

Direct costs for meetings and prizes

Office supplies (included computer maintenance until 2021)

586

Postage and telephone

2.081

Promotion, communication & marketing Software (hosting and maintenance)

32.200

1.973 6.238 2.137 8.450 2.617 1.643 1.018

Audit fees and legal fees

Bank charges

Straight-line method of depreciation

Insurance

Registry Tax (formerly business tax)

Other charges

Extraordinary costs: transfer IIW to Italy

14.054

TOTAL

560.214

OPERATING RESULT

109.79

BAD DEBTS INVENTORY Bad debts recovered

470

Allocation to fund for doubtful account (membership fees)

-35.000 35.000

Provision for doubtful account (VAT recovery)

Irrecoverable debt

0

Use of fund for doubtful accounts (membership fees) TOTAL BED EBITS

470

WELDING CHARITY FOND Allocation from IIW

23.000

Donations

0 0 0

Expenditures

Use of IIW Charity fund

TOTAL IIW CHARITY FOUND

-23.000

NET RESULT BEFORE TAX

86.549 -31.748

Income tax

RESULT AFTER TAX

54.801

TREASURE’S REPORT 9