Statement of Revenue, Expense and Changes in Fund Balances

(All amounts in EUR 1,000) December 31, 2015
  2015 2014
Revenues
Contributions 9,042 11,054
Interest income 3 8
Other, restated 110 140
Total revenue 9,155 11,202
Expenses
Direct programme expenses 6,676 8,428
Grants and awards 731 1,670
Administration 1,545 1,524
Depreciation, restated 194 227
Foreign exchange gain/loss 75 143
Total expenses 9,221 11,992
Excess (deficiency) of revenues over expenses (66) (790)
Fund balances at the beginning of the year (1,833) (1,043)
Revaluation reserve 3,794 3,794
Fund balances at the end of the year 1,895 1,961