FINANCES

2024 Audited Financial Statement

Philea is committed to providing clear and transparent information on its finances and activities and to maintaining strict oversight and controls over its financial operations. As such, the bookkeeping and preparation of the annual accounts are performed by a certified accountant and the external annual audit of financial statements is performed by Deloitte.

Philea Balance Sheet

ASSETS (€)
2023
2024
Fixed assets
1,025,535.02
1,451,361.49
Cash at bank
2,692,468.25
2,625,511.11
Receivables
2,144,445.27
1,977,323.41
Other assets
290,158.03
144,562.24
TOTAL ASSETS
6,152,606.57
6,198,758.25
EQUITY AND LIABILITIES (€)
2023
2024
Initial capital/assets
923,275.00
923,275.00
Reserves
2,159,799.45
2,159,799.45
Cumulative carry-over
47,095.98
724,323.90
Liabilities
1,194,335.72
792,003.55
Deferred income
1,828,100.42
1,599,356.35
TOTAL LIABILITIES
6,152,606.57
6,198,758.25
INCOME AND EXPENDITURE (€)
2023
2024
Total income
5,129,512
5,940,085
Income from projects
2,021,155
1,880,967
Core support
957,739
1,793,224
Membership fees
1,389,170
1,481,835
Other
761,448
784,059
Total expenditure
4,869,044
5,099,407
Network project costs
609,860
696,772
Staff salaries
2,854,093
3,061,828
Operating and core projects costs
1,405,091
1,340,806
Net Profit/(Loss)
260,468
840,678
Network carryover
(389,281)
(172,731)
Total result Profit/(Loss)
(128,813)
667,947

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