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
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