Statement of Revenue, Expense and Changes in Fund Balances

(All amounts in EUR 000's) December 31, 2013
  2013 Restated 2012
Revenues
Contributions 11,661 12,386
Interest income 10 22
Other, restated 138 248
Total revenue 11,809 12,656
Expenses
Direct programme expenses 9,011 10,493
Grants and awards 1,783 336
Administration 1,756 1,948
Depreciation, restated 250 220
Foreign exchange gain/loss 170 (147)
Total expenses 12,970 12,850
Excess (deficiency) of revenues over expenses (1,161) (194)
Fund balances at the beginning of the year 118 312
Revaluation reserve 3,794 3,794
Fund balances at the end of the year 2,751 3,912