Accounts for 2006 and Indicative Forecasts for 2007-2009

23.03.2007.

The enclosed accounts show the situation for 2006 and also provide an indicative forecast for revenue and expenditure from 2007-2009.

The European Federation of Journalists accounts are formally audited and presented to the Belgian fiscal authorities in March at the same time as the auditing of the IFJ accounts. These figures are not final, but do provide a generally accurate record of the current situation.

The overall assessment of the Treasurer is that by the end of 2009, the European Federation of Journalists will find itself in difficulties. The accounts show that the total costs of staff costs and administration (143.180 Euro in 2006) was slightly more than affiliations fees received (142.840 Euro in 2006). Revenue was sustained by additional income from project activities, the IFJ contribution and union sources (72.360 Euro in 2006).

This additional revenue stream will diminish slightly in the coming three years, while costs will rise, if only to cover inflationary trends.

While the situation remains under control, the longer term perspective for development of European Federation of Journalists resources, particularly for the activities and Working Programme will depend upon

a)      efficiency in collecting fees due and a reduction of the exonerations and bad debts;

b)      increasing income from donor resources, including diversifying such sources of income beyond reliance upon the institutions of the European Union;

c)      developing a clearer and more appropriate balance in the use of resources with the IFJ.

Aidan White

General Secretary

Povratak