|
Organization’s Financial Statements For the
period ended 31 December 1999
With Independent Auditors' Report Thereon
Statement of net changes in net assets for the
year ended 31 December 1999
|
In BGN |
Note
|
1999
|
1998
|
|
Revenue from grants, contributions and projects
|
2
|
1,493,530
|
1,222,918
|
|
Expenses on grants, contributions and projects
|
3
|
(1,116,569)
|
(1,153,263)
|
|
General and administrative expenses
|
|
(27,982)
|
(34,269)
|
|
|
|
|
|
|
Gross excess of revenue over
expenditure
|
|
348,979
|
35,386
|
|
|
|
|
|
|
Foreign exchange gains – net
|
4
|
116,633
|
86,199
|
|
Interest income
|
|
31,011
|
52,589
|
|
Other financial expenses
|
|
(6,083)
|
(7,065)
|
|
Other income
|
|
289
|
|
|
Extraordinary income - net
|
5
|
(914)
|
32,941
|
|
Provisions
|
|
(20,873)
|
|
|
|
|
|
|
|
Net excess of revenue over
expenditure
|
|
469,042
|
200,050
|
|
|
|
|
|
|
Gain on net monetary position
|
|
-
|
(7,975)
|
|
|
|
|
|
|
Excess of revenue over expenditure for the
year
|
|
469,042
|
192,075
|
|
|
|
|
|
|
Accumulated excess of revenue over expenditure
brought forward
|
|
1,349,861
|
1,157,786
|
|
|
|
|
|
|
Unrestricted fund balances
at 31 December 1999
|
|
1,818,903
|
1,349,861
|
The accompanying notes on pages 5 to 13 form an integral part of
these financial statements.
|
