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CONTEMPORARY ART - THE FOUNDATION - FINANCIAL INFORMATION

Financial information 2017



BALANCE SHEET 2017



OTHERS YEARS
2022
2021
2020
2019
2018
2016
2015
2014
NON-CURRENT ASSETS

Intangible assets 301.368
Fixed assets 26.199.005
Real estate investments 38.298.275
Investments in group entities 4.477.881
Long-term investments 9.253.059



CURRENT ASSETS

Inventory 152.782
Receivables 434.950
Short-term investments 776.605
Accruals 91.047
Cash 6.125.962


TOTAL ASSETS 2017: 86.110.934



NET EQUITY

2017

Endowment fund 84.583.223
Reserves 90.463
Results of previous years 0
Result for the year 425.034


NON-CURRENT LIABILITIES

Long-term debt 394.660


CURRENT LIABILITIES

Payables 290.169
Creditors 327.385


TOTAL LIABILITIES 2017: 86.110.934




PROFIT AND LOSS ACCOUNT 2017

REVENUE

Revenue from foundation activity 149.861
Donations and grants received 1.000.000
Revenue derived from assets 2.896.802
Financial income 163.202
Other financial 84.063
Reversal of impairment 13.764


TOTAL REVENUE: 4.307.692



EXPENDITURE

Expenditure on art activities 2.352.560
Expenditure on health activities 73.407
Awards and other grants given 9.000
Expenditure on structure 1.447.691


TOTAL EXPENDITURE: 3.882.658




SURPLUS FOR THE YEAR: 425.034





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