Finance
The following table shows the account of results for the last four years. We underscore that in 2019 we did not receive the subsidy of the Health Department.
| ASSETS | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| A) FIXED ASSETS | 71.275,66 | 184.119,97 | 129.989,46 | 107.106,03 |
| I. Intangible assets | 31.770,95 | 112.769,29 | 39.504,55 | - |
| 1. Software | 31.770,95 | 30.701,29 | 39.504,55 | - € |
| 2. Usage Rights | - | 82.068,00 | - | - € |
| II. Tangible assets | 39.504,71 | 71.350,68 | 90.484,91 | 107.106,03 |
| 1. Machinery and Facilities | - | - | - | 45,6 |
| 2. Furniture and hardware | 31.341,55 | 60.451,38 | 73.993,48 | 103.504,97 |
| 3. Other tangible assets | 8.163,16 | 10.899,30 | 16.491,43 | 3.495,85 |
| B) CURRENT ASSETS | 6.902.602,87 | 7.167.355,91 | 5.798.598,93 | 6.892.460,06 |
| I. Inventory | 142.692,48 | 126.569,60 | 155.343,59 | 130.383,11 |
| II. Accounts Receivable | 1.487.743,46 | 2.338.860,23 | 2.528.631,58 | 2.696.850,22 |
| 1. Other Debtors | 1.486.588,26 | 2.338.860,23 | 2.455.034,83 | 2.688.894,44 |
| 2. Personnel | - | - | - | - € |
| 3. Tax & Government debt | 1.155,20 | - | 73.596,75 | 7.955,78 |
| IV. Short term financial investments | - | - | - | - |
| 1. Securities | - | - | - | - |
| VI. Adjustments | 5.159,97 | 2.812,05 | 1.410,11 | 4.827,60 |
| VII. Cash and equivalent liquid assets | 5.267.006,96 | 4.699.114,03 | 3.113.213,65 | 4.060.399,13 |
| 1. Cash | 5.267.006,96 | 4.699.114,03 | 3.113.213,65 | 4.060.399,13 |
| TOTAL (A+B) | 6.973.878,53 | 7351475,88 | 5.928.588,39 | 6.999.566,09 |
| EQUITY AND LIABILITIES | 2021 | 2020 | 2019 | 2018 |
| A) EQUITY | -520.008,14 | 350.540,19 | 627.063,15 | 1.101.455,09 |
| A-1). Equity | -524.024,33 | 266.120,96 | 621.823,86 | 1.092.973,49 |
| I. Founders equity | 30.050,61 | 30.050,61 | 30.050,61 | 30.050,61 |
| 1. Founders equity | 30.050,61 | 30.050,61 | 30.050,61 | 30.050,61 |
| III. Retained Earnings | 238.097,04 | 477.465,42 | 1.033.787,04 | 1.069.776,58 |
| 1. Retained Earnings | 238.097,04 | 477.465,42 | 1.033.787,04 | 1.069.776,58 |
| V. Net Income (loss) for the year | -792.171,98 | -241.395,07 | -442.013,79 | -6.853,70 |
| A-2). Grants, donations and other deferred revenue | 4.016,19 | 84.419,23 | 5.239,29 | 8.481,60 |
| 1. Capital Grants | 4.016,19 | 84.419,23 | 5.239,29 | 8.481,60 |
| B) NON CURRENT LIABILITIES | 2.282.843,63 | 2.445.811,64 | 2.360.799,94 | 2.925.770,30 |
| C) CURRENT LIABILITIES | 5.211.043,04 | 4.555.124,05 | 2.940.725,30 | 2.972.340,70 |
| II. Short terms debts | 4.122.909,61 | 2.650.427,18 | 2.037.272,01 | 2.306.971,26 |
| IV. Accounts Payable | 1.005.952,52 | 1.830.915,20 | 804.288,89 | 665.369,44 |
| 1. Other Creditors | 746.829,07 | 1.614.696,91 | 588.919,83 | 420.520,53 |
| 2. Personnel (accrued compensation) | 68.677,13 | 58.845,40 | 53.062,74 | 62.901,27 |
| 3. Tax and other Current liabilities to Government | 190.446,32 | 157.372,89 | 162.306,32 | 181.947,64 |
| V. Adjustments | 82.180,91 | 73.781,67 | 99.164,40 | |
| TOTAL (A+B+C) | 6.973.878,53 | 7.351.475,88 | 5.928.588,39 | 6.999.566,09 |
| INCOME STATEMENT | 2021 | 2020 | 2019 | 2018 |
| 1) Operating Revenue | 4.040.415,34 | 3.988.968,36 | 3.562.823,09 | 3.672.756,40 |
| a) Sales of goods and services | 1.392.694,67 | 1.167.060,29 | 1.367.704,62 | 1.333.454,23 |
| b) Other periodical revenue | 421.805,64 | 347.458,48 | 208.341,07 | 521.622,38 |
| c) Grants received | 2.141.987,58 | 2.464.115,99 | 1.793.656,14 | 1.919.372,88 |
| d) Other Grants and donations | 151.332,42 | 182.260,91 | 205.811,41 | 71.342,02 |
| e) Grants and donations reimbursed | -67.404,97 | -171.927,31 | -12.690,15 | -173.035,11 |
| 2) Grants Awarded And Other Expenses | -448.781,67 | -548.498,73 | -198.801,59 | -36.375,04 |
| a) Grants Awarded | -448.781,67 | -548.498,73 | -198.801,59 | -36.375,04 |
| 3) Purchases | -50.168,87 | -18.293,89 | -64.017,97 | -50.124,41 |
| a) Consumption of goods and inventory write down | -50.168,87 | -18.293,89 | -64.017,97 | -53.008,41 |
| 4)Other incomes from actiivities | - | - | - | 2.884,00 |
| 5) Personnel Expenses | -2.766.622,83 | -2.424.220,28 | -2.326.773,59 | -2.161.274,59 |
| 6) Other Operating Expenses | -1.518.615,43 | -1.183.907,04 | -1.382.146,13 | -1.405.365,17 |
| a) Services | -1.493.731,41 | -1.208.768,48 | -1.362.023,56 | -1.407.114,36 |
| A1) Rentals | -1.632,65 | - | -2.208,07 | -612,02 |
| A2) Maintenance | -28.195,82 | -23.953,41 | -45.551,47 | -23.245,54 |
| A3) Professional Fees | -786.416,84 | -574.318 | -684.929,27 | -682.652,65 |
| A4) Insurance premiums | -3.035,99 | -2.018,71 | -1.935,02 | -1.863,06 |
| A5) Bank fees | -4.057,17 | -2.180,33 | -2.485,26 | -1.066,54 |
| A6) Supplies | - | - | - | - |
| A7) Other services | -670.392,94 | -606.298,03 | -624.914,47 | -697.674,55 |
| b) Tributs | -789,02 | 2.404,24 | -5.051,32 | -667,25 |
| c) Other operating accruals | -24.095,00 | 22.457,20 | -15.071,25 | 2.416,44 |
| 7) Depreciation | -143.562,33 | -143.248,73 | -133.851,56 | -126.768,56 |
| 8) Long term Grants and Donations accrued | 83.746,04 | 84.956,06 | 84.956,06 | 84.184,58 |
| 9) Excess supplies | - | - | 13.587,58 | 41.032,68 |
| 10) Other results | 12.338,32 | 6.255,50 | 4.494,23 | |
| I. OPERATING INCOME | -791.251,43 | -237.988,75 | -439.729,88 | 18.065,89 |
| 10) Financial revenue | 60,78 | 0,03 | 0,02 | -1.558,46 |
| 11) Financial expense | -981,32 | -3.406,35 | -2.283,94 | -23.333,18 |
| 12) Exchange rate differences | -0,01 | - | 0,01 | -27,95 |
| II. FINANCIAL INCOME | -920,55 | -3.406,32 | -2.283,91 | -24.919,59 |
| III. INCOME BEFORE TAXES | -792.171,98 | -241.395,07 | -442.013,79 | -6.853,70 |
| IV. NET INCOME | -792.171,98 | -241.395,07 | -442.013,79 | -6.853,70 |
