Statement of Revenue, Expense and Changes in Fund Balances

(All amounts in EUR 1,000) December 31, 2016
  2016 2015
Revenues
Contributions 9,078 9,042
Interest income 1 3
Other, restated 120 110
Total revenue 9,199 9,155

 

Expenses

Direct programme expenses 7,121 6,676
Grants and awards 900 731
Administration 1,559 1,545
Depreciation, restated 210 194
Foreign exchange gain/loss 244 75
Total expenses 10,034 9,221
Excess (deficiency) of revenues over expenses (835) (66)
Fund balances at the beginning of the year (1,899) (1,833)
Revaluation reserve 3,794 3,794
Fund balances at the end of the year 1,060 1,895