Suiting the action to the word
Supplement
Financial statement & activity report
In this supplement we give an overview of the amounts reported in this report and the ones reported to DGIS in the annual accounts of Agriterra. Due to interest and third parties there is income that makes our costs as claimed from DGIS differ from the costs of the program. The table below gives an overview of the statement of expenses for DGIS in 2007 and 2008.
| 2007 | 2008 | cumulative | ||
| Total costs | 10.275.434 | 15.864.903 | 26.140.337 | |
| Received interest | 75.494- | 87.564- | 163.058- | |
| Funding third parties | 49.216- | 135.515- | 184.731- | |
| Expenses for DGIS | 10.150.724 | 15.641.824 | 25.792.548 | |
| Balance statement: | ||||
| 2007 | 2008 | 31-12-2008 | ||
| Expenses to be claimed | 10.150.724 | 15.641.824 | 25.792.548 | |
| Advance payment by DGIS March, 7th 2007 | 5.850.000- | 5.850.000- | ||
| Advance payment by DGIS September,1st 2007 | 5.265.000- | 5.265.000- | ||
| Advance payment by DGIS April, 17th 2008 | 8.093.000- | 8.093.000- | ||
| Advance payment by DGIS September,9th 2008 | 7.322.724- | 7.322.724- | ||
| Balance | 964.276- | 226.100 | 738.176- |
Source: Annual statement Agriterra, 2008
Total expenses in 2007 amounted to € 10.275.434, and in 2008 to € 15.864.903. At the end of 2008 there is a surplus balance of € 738.176. Realised amounts are lower than the commitments due to the fact that some projects, notably the IFDC collaboration, started later than planned. As a result the farmers’ organisations were not able to implement all planned activities.