Centre Tecnològic de Telecomunicacions de Catalunya

ANNUAL REPORT 2013

Financial Report

A. Income Statement 2013 2012 2011
EXPENSES
Personnel 3.810.378 4.232.519 4.176.011
Working expenses 1.041.737 1.258.775 1.426.673
Financial expenses 421.524 63.498 100.216
Depreciation 409.546 585.764 908.134
TOTAL 5.683.184 6.140.556 6.611.034
INCOME
Projects: direct contracts 425.269 592.333 617.601
Projects: competitive funds 1.683.219 1.772.438 1.912.160
Funding of R&D activities 3.528.442 3.349.211 3.305.960
Other current income 83.918 82.093 134.837
TOTAL 5.720.848 5.796.075 5.970.558
B.Balance Sheet
ASSETS
Fixed Assets 3.744.097 4.188.470 4.356.934
Current Assents 4.119.375 4.849.524 5.361.171
TOTAL 7.863.472 9.037.994 9.718.105
LIABILITIES
Equity 78.870 41.208 385.230
Income to be assigned 1.195.717 1.441.191 1.480.009
Long-term debt 4.665.664 5.315.144 5.946.446
Accounts payable 1.923.221 2.240.451 1.906.420
TOTAL 7.863.472 9.037.994 9.718.105