CIM

Center for Peacebuilding

Our way is peace

ACCOUNTING POLICIES, NARRATIVE AND ANALYSIS 2014

 

Financial reports for this accounting period have been complete according to the Law of Accounting and International Financial Reporting Standards (MSFI and MRS).

 

INCOME

 

Revenues are shown in the income statement based on the following elements:

– products, goods or services delivered to customers with an invoice, which was uncontested.

– a reliably measured income amount based on an invoice, contract or payment.

– It is relatively certain that the benefits associated with the transaction will be received by the organisation.

 

Revenues from the sale of investments (fixed assets) are determined by calculating the difference between investment sales price and the accounting value.

Interest revenues are shown based on billed revenues.

The generated total revenue for the 2014 accounting period was 58,975 KM, which, compared to revenue from the previous year, resulted in a REDUCTION of 15,824 KM, or 21.16 %.

 

 

Overview of generated income

 

Item No. Category Current year

 

Amount in   KM

 

 

%

Last year

 

Amount in   KM

 

 

%

Index

 

2/4 * 100

 

 

1. 1 2 3 4 5 6
1. Membership 400.00 0.68
2. Budgeted income (rollover)

 

3. Humanitarian income
4. Income from own activities[1]

 

56,000.00 94.96 74,484.00 99.58 75.18
5. Other income 2,575.00 4.37 315.00 0.42 817.46
6. Total income 58,975.00 100.00 74,799.00 100.00 78.84

 

 

EXPENSES

 

The income statement shows item expenses matched with overall revenue. For example, all costs, expenses, purchases and the purchase value of sold goods are matched with overall sales revenue. The expenses are also compared with increasing liability, whether or not assets have been paid. All expenses incurred in the accounting period are recorded in the profit and loss account along with cash outflows or equivalents. The interest gained on borrowed assets is based on the total paid assets.

The generated total expenses for the 2014 accounting period is 56,847 KM,  which, compared to expenses from the previous year, resulted in a  REDUCTION of 20,425 KM or 26.43 %.

 

Overview of generated expenses

 

Item No. Category Current year

 

Amount in   KM

 

 

%

Last year

 

Amount in   KM

 

 

%

Index

 

2/4 * 100

 

 

1 1 2 3 4 5 6
1. Material and energy 3,096.00

 

5.45 1,869.00 2.42 165.6
2. Service[2] 29,819.00 52.45 47,585.00 61.58 62.6
3. Salaries and other employee benefits 13,402.00 23.58 16,756.00 21.68 79.9
4. Amortization

 

1,463.00 2.57 535.00 0.69 273.4
5. Financial expenses
6. Travel expenses 2,440.00 4.29 4,032.00 5.22 60.5
7. Humanitarian expenses 567.00 1.00
8. Taxes and Contributions independent of expenses
9. Other expenses[3] 6,060.00 10.66 6,495.00 8.41 93.3
10. Total expenses 56,847.00 100.00 77,272.00 100.00 73.5

 

[1] Includes online fundraising, small grants, annual grants from MCC and Die Schwelle, income generation activities.

[2] Direct Project Costs

[3] European Voluntary Service: Volunteer meals and pocket money from EU grant

About Us

Today, the Center for Peacebuilding (CIM) stands on the former frontlines of the war, acting as a bridge between a past that few can currently discuss and a future where open dialogue can rehumanize the enemy and dispel the misinformation that acts as the seeds for hatred.

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