2020 General Assembly - Financial report

Assets

Accounts 2019-01-01 2019-12-31 Difference
Crédit Mutuel checking account 127,127.23 178,319.71 51,192.48
Crédit Mutuel saving account - 1 62,207.05 62,673.60 466.55
Crédit Mutuel saving account - 2 10,041.91 10,082.92 41.01
Paypal account 2,787.15 2,650.21 -136.94
Adyen account 1,500.00 1,500.00 0.00
Trustly account 1,129.25 595.17 -534.08
TransferWise account 0.00 2,664.38 2,664.38
Pending creditcard payments -22.75 -187.99 -165.24
Total 204,769.84 258,298.00 53,528.16

Major items

Activities

The two saving accounts have not been used during 2019 since all events have generated satisfactory financial results (exceeding or hitting budget) thanks to strong sponsor income. As the events grow larger and the number of events increase, the importance of this buffer remains.

Our administrative backend software, which powers both our financial reporting as well as the events, was again further improved ensuring safe operation of our events.

We are working to get tax representatives in foreign countries (foreign meaning not-France).

Income/Expenses

The important items of 2020 are summarized here.

Items Income Expenses Final results
Membership 720.00 0 720.00
Donations 1,878.82 0.00 1,878.82
Book royalties 452.94 0.00 452.94
Conferences 330,931.41 -256,507.89 74,423.52
Merchandise 2,620.66 -4,713.62 -2,092.96
Financial 507.56 -5,398.02 -4,890.46
Insurance 0.00 -760.91 -760.91
Taxes 0.00 -8,403.00 -8,403.00
Total 61,327.95

The financial results for our events can be seen broken down per event in the table below. As most events these days have income and expense spanning multiple days, we include the numbers from the previous year as well. Some events in 2020 have had income or expenses during 2019, but are not included in this table, only events that were actually held during 2019 is included.

Event Income 2018 Expenses 2018 Income 2019 Expenses 2019 Final results
FOSDEM/PGDay 2019 1,869.40 10,547.51 3,235.33 2,030.85 -7,523.63
Nordic PGDay 2019 8,700.00 249.24 9,172.00 14,373.90 3,248.86
PGConf.DE 2019 7,750.00 0.00 18,780.00 17,363.57 9,166.43
PGDay Paris 2019 11,245.00 7,841.39 11,030.02 12,480.34 1,953.29
PGConf.EU 2019 0,00 17,756.78 269,351.58 143,525.87 108,068.93