Introduction to the financial report 2012
Our anniversary year had a promising start, but due to the financial crisis and changes in Burma, by mid-year things were not looking so good any more. Luckily, due to the efforts of our members, board and the media during our 10-years anniversary celebration, we were able to reverse this negative trend.
For projects and administration we had a total income of 754.020 Euro, which is an increase of 13,2%. We had an income (donations and contributions) of 695.355 Euro (+19,3%).
The difficult economic situation could also be seen in our administration income. Many of our ‘sponsors’ had to cutdown in these hard times. We received 58.664 Euro (-29,5%) for our administration.
The expenditures for our projects dropped to 576.132 Euro (-18,9%).Expenses for administration in South Tyrol, trips marketing, covered by separate income, was 79.489 Euro net (-8,9%).