Statement of Revenue, Expense and Changes in Fund Balances

(All amounts in EUR 1,000) December 31, 2012
  2012 Restated 2011
Revenues
Contributions 12,386 13,651
Interest income 22 14
Other, restated 248 186
Total revenue 12,656 13,851
Expenses
Direct programme expenses 10,493 11,124
Grants and awards 336 983
Administration 1,948 1,684
Depreciation, restated 220 237
Foreign exchange gain/loss (147) 25
Total expenses 12,850 14,063
Excess (deficiency) of revenues over expenses (194) (212)
Fund balances at the beginning of the year 312 524
Revaluation reserve 3,794 -
Fund balances at the end of the year 3,912 312