For the year ended 31 December 2003
In BGN |
Note |
2002 |
2003 |
|
|
|
|
Revenue from grants, contributions and projects |
1 |
3,237,278 |
1,600,208 |
Expenses on grants, contributions and projects |
2 |
(2,955,930) |
(1,293,443) |
General and administrative expenses |
|
(201,447) |
(126,768) |
Gross excess of revenue over expenditure |
|
79,9011 |
79,997 |
Foreign exchange gains/(loss) – net |
3 |
(203,024) |
(271,974) |
Interest income |
|
22,058 |
24,981 |
Interest expense |
9 |
(72,753) |
- |
Other financial expenses |
|
(3,349) |
(5,757) |
Other income |
|
287 |
8,778 |
Excess of expenditure over revenue for the year |
|
(176,880) |
(63,975) |
Financial income |
8 |
61,870 |
30,433 |
Income tax |
8 |
(14,539) |
(7,151) |
Profit from trading activities |
|
47,331 |
23,282 |
Total excess of expenditure over revenue for the year |
|
(129,549) |
(40,693) |
Accumulated excess of revenue over expenditure brought forward |
|
2,935,585 |
2,976,278 |
Unrestricted fund balances at 31 December 2003 |
|
2,806,036 |
2,935,585 |
The financial statements of the Center for the Study of Democracy are to be read in conjunction
with the notes to them and form an integral part of these statements set out on pages 5 to 19.
|
