Financial statements
| ASSETS 2017 | € |
|---|---|
| A) FIXED ASSETS | 87.010,03 € |
| I. Intangible assets | - € |
| 1. Software | - € |
| 2. Usage Rights | - € |
| II. Tangible assets | 87.010,03 € |
| 1. Machinery and Facilities | 114,33 € |
| 2. Furniture and hardware | 81.953,29 € |
| 3. Other tangible assets | 4.942,41 € |
| B) CURRENT ASSETS | 6.580.254,99 € |
| I. Inventory | 107.856,14 € |
| II. Accounts Receivable | 1.424.844,61 € |
| 1. Other Debtors | 1.414.983,24 € |
| 2. Personnel | - € |
| 3. Tax & Government debt | 9.861,37 € |
| IV. Short term financial investments | 503.582,69 € |
| 1. Securities | 500.000,00 € |
| VI. Cash and equivalent liquid assets | 4.538.975,05 € |
| 1. Cash | 4.538.975,05 € |
| TOTAL (A+B) | 6.667.265,02 € |
| EQUITY AND LIABILITIES 2017 | € |
|---|---|
| A) EQUITY | 956.265,05 € |
| A-1). Equity | 949.260,10 € |
| I. Founders equity | 30.050,61 € |
| 1. Founders equity | 30.050,61 € |
| III. Retained Earnings | 1.619.388,49 € |
| 1. Retained Earnings | 610.871,63 € |
| V. Net Income (loss) for the year | -700.179,00 € |
| A-2). Grants, donations and other deferred revenue | 57.004,95 € |
| 1. Capital Grants | 7.005,48 € |
| B) NON CURRENT LIABILITIES | 2.942.558,66 € |
| C) CURRENT LIABILITIES | 2.768.441,31 € |
| II. Short terms debts | 1.951.711,33 € |
| IV. Accounts Payable | 775.697,30 € |
| 1. Other Creditors | 534.411,76 € |
| 2. Personnel (accrued compensation) | 67.653,56 € |
| 3. Tax and other Current liabilities to Government | 173.631,98 € |
| TOTAL (A+B+C) | 6.667.265,02 € |
| INCOME STATEMENT 2017 | € |
|---|---|
| 1) Operating Revenue | 3.271.052,60 € |
| a) Sales of goods and services | 672.761,15 € |
| b) Other periodical revenue | 874.233,46 € |
| c) Grants received | 1.683.490,08 € |
| d) Other Grants and donations | 76.397,46 € |
| e) Grants and donations reimbursed | -35.829,55 € |
| 2) Grants Awarded And Other Expenses | -237.217,85 € |
| a) Grants Awarded | -237.217,85 € |
| 3) Purchases | -86.865,91 € |
| a) Consumption of goods and inventory write down | -86.865,91 € |
| b) Subcontracting | - € |
| 4) Personnel Expenses | -2.160.520,48 € |
| 5) Other Operating Expenses | -1.438.363,01 € |
| a) Services | -1.366.676,20 € |
| A1) Rentals | -21.647,72 € |
| A2) Maintenance | -28.479,99 € |
| A3) Professional Fees | -780.577,03 € |
| A4) Insurance premiums | -1.724,34 € |
| A5) Bank fees | -1.752,56 € |
| A6) Supplies | - € |
| A7) Other services | -532.494,56 € |
| b) Tributs | -2.418,67 € |
| c) Other operating accruals | -69.268,14 € |
| 6) Depreciation | -108.945,01 € |
| 8) Long term Grants and Donations accrued | 53.302,90 € |
| 9) Other results | - € |
| I. OPERATING INCOME | -707.556,76 € |
| 10) Financial revenue | 7.452,28 € |
| 11) Financial expense | -36,41 € |
| 12) Exchange rate differences | -38,11 € |
| II. FINANCIAL INCOME | 7.377,76 € |
| III. INCOME BEFORE TAXES | -700.179,00 € |
| IV. NET INCOME | -700.179,00 € |