financial situation accounts to december 31 2014
TRANSCRIPT
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Financial SituationAccounts to December 31
2014
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Dues
Dues Income
Membres ordinaires / Regular members CHF 79,863
Membres associés / Associate members CHF 9,139
Membres observateurs / Observer members CHF 444
Demandes d'adhésion / Application fees CHF 450
Total CHF 89,896
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Membership-
MembershipActive 82Associates 32Observers 6Gran total 120Receivables
Active CHF 11,887
Associates CHF 5,545
Observers CHF 560
Total CHF 17,992
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According to Article 5.8 of the Rules of Financial Procedure, member associations from countries whose per capita gross domestic product is less than 66% of the world average as computed by the World Bank have their dues halved.
The net annual cost to FIT on the basis of 2014 membership was CHF 927.78
Membership- HIPCS
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Country and association
Member No
Membership 2015
Gross Dues 2014, CHF
Net Dues 2014, CHF
Cost to FITCHF
Full members
Guatemala - AGIT M035 44 124.08 62.04 62.04
India - ITAINDIA M038 34 95.88 47.94 47.94
Indonesia - HPI M098 550 1551.00 775.50 775.50
DR Congo - ATIPCO M114 30 84.60 42.30 42.30
TOTAL FULL MEMBERS 927.78
HIPCS entitled to 50% tariff( Highly Indebted
and Poor Countries)
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Other Income
Items Income
Launchpad CHF 2,705
Provision for Receivables CHF 2,000
Congress Berlin CHF 2,798
Books sold CHF 61
Total Other Income CHF 7,564
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CHF 97,460
Total Income
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Expenses
Expenses
Administration (Annex 3) CHF 58,827
Visibilité / Visibility (Annex 4) CHF 7,202
Honoraires professionnels / Professional fees (Annex 5)
CHF 16,551
Services aux membres / Member benefits (Annex 6)
CHF 1,346
Publications (Annex 7) CHF 4,943
Total Expenses CHF 89,369
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CHF8,591
Surplus
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No. of members now 1 year in arrears 8
No. of members now 2 years in arrears 6
Payment for 2015 still due92
This year partially paid 1
This year overpaid 0
Full payment received 27
Members’ Payment Status
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Membership Departures in 2014
3
1
9
3
Analysis of reasons for departures
Changed Category ResignedTerminated Not known
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Fees owed pre- 2015 B/fw Total Regular Associate Ordinary
CHF14,384.41
CHF11,312.91
CHF2,567.50 CHF504.00
Invoiced for 2015
CHF121,799.85
CHF107,870.85
CHF13,280.00 CHF649.00
Total fees to be collected
CHF136,184.25
CHF119,183.76
CHF15,847.50
CHF1,153.00
FIT Summary of Fees for 2015
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Financial Matters
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Solidarity Funds
Article 2.1 Solidarity Fund. A FIT member association experiencing difficulties in paying its membership dues or supporting its member on the FIT Council (hereafter association in difficulty) may request assistance from the Fund and submit an application
Article 2.2, the Treasurer may not sit on the Solidarity Committee.
The fund is comprised mainly of voluntary contributions made by FIT member associations and by individual translators. It may also accept donations and legacies.
It was set up in 1996 on an initiative of the Swiss and Danish associations, mainly to help associations in financial difficulty to pay their dues.
If, in any fiscal year, the FIT current account should show an income surplus, after provision for depreciation and/or necessary allocation to reserves, the Council shall order the transfer of half of this surplus to the Funds.
Solidarity Fund
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Solidarity Fund
Solidarity Fund
Actual CHF 20,356
50% of Income CHF 4,296
Total Solidarity Fund
CHF 24,652
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Livre bleu associations at the Credit Mutuel
in France (www.creditmutuel.fr/cmcee/fr/banques/associations/valoriser/votre/epargne/livret/bley/association/caracteristiques.htnk)
Special version of the standard French savings
account. For nonprofit associations established under the
French law of 1901.
Solidarity Fund at Credit Mutuel
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ActivitiesInterne
tTrave
lCopyrig
htCongr
ess Hope
13,248 2,550 407 1,389 -36 7,186
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INVESTMENTS
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Bank Interest 2014 CHF 1,400
Term deposit Interest 2014 CHF 3,821
Total as of Dec. 31, 2014 CHF 5,221
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FÉDÉRATION INTERNATIONALE DES TRADUCTEURS INTERNATIONAL FEDERATION OF TRANSLATORS ________________________________________________________________________________________ NOTES AFFÉRENTES AUX ÉTATS FINANCIERS / NOTES TO FINANCIAL STATEMENTS AU 31 DÉCEMBRE 2014 / AS AT 31 DECEMBER 2014 (Non vérifié / Unaudited) ________________________________________________________________________________________
2. VARIATION DU TAUX DE CHANGE / EXCHANGE RATE FLUCTUATIONS
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For investments, the gains/losses on exchange are recognized when the investment is disposed of.
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For investments, any year-on-year change in book value due to exchange-rate fluctuations is recorded annually; any net final gain or loss is recognized when the investment is disposed of.
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General considerations for the budget 2015 and beyond