Page 41 - Annual-Report-201704

The Financial Situation

The management of the finances of ETSI is described by
• the budget report
• the financial statements (balance sheet and income
and expenditure statement) which are established
according to French laws and regulations.

Mr Anis Nassif, Concertae, whose auditor’s mandate was
approved by the 68th General Assembly, has audited the
2016 ETSI accounts and certified that the annual financial
statements are true, sincere and give a fair view of the
activities carried out during the past financial year. activities

out during the past financial year
Budget Maintenance
In total, compared with 2015, income increased by 0,8% or
roughly 177 k€, while expenditure was down by 3,9% or
898 k€. After having made provision of roughly 11 k€
for Income Tax to be paid and 1 100 k€ in credit notes
to be issued to Members to offset the excess of income
over expenditure, the net result of the year is 91 k€. This
compares with a net result of 117 k€ in 2015.
The key points of the budget management are the following:

Expenditure Income
Secretariat costs were 2,8% under budget and lower by 3,9% Members’ contributions (15,9 M€ before credit notes) were
compared with 2015. 7,5% over budget and increased by 3,9% compared with
2015. They funded roughly 71% of the budget.
In addition to the close monitoring of the expenditure
budget along with delays in implementing some planned European Commission (EC)/European Free Trade Association
projects that also contributed to the budget underspend, (EFTA) payments amounted to 3,9 M€ to cover expenses
in 2016 no payment was made to the Pension Fund to related to the operation of the European standardisation
cover ETSI’s liabilities with regards to ‘Indemnités de Fin de platform and standardisation projects.
Carrière’, the current coverage being already sufficient to
cover ETSI’s liability. With the termination of some Partners’ service contracts,
income generated by support services supplied to fora
It was confirmed that Partners’ services were delivered and consortia (Forapolis™) amounted to 0,26 M€, which
without any cross-subsidy from the Members’ contributions. represents a 12,5% decrease compared with 2015. This
decreasing trend will continue until the end of 2017, when
2,9 M€ were spent on acquiring expertise for Specialist Task these activities are planned to be terminated.
Forces and other standardisation-related technical expertise.

2016 Budget Statements

INCOME (k€) EXPENDITURE (k€)
Members’ contributions and Observer fees net of credit notes 14 797 Secretariat staff costs 12 397
EC/EFTA contracts 3 919 Other Secretariat costs 5 680
3GPP™ Partners 1 945 Special projects 389
Voluntary contributions 176 European Friends of 3GPP 576
Forapolis 262 Provision and losses 396
European Friends of 3GPP 627 Experts’ costs 2 917
Sales 135
Plugtests™ 0
Financial income 69
Other income 515
TOTAL INCOME 22 446 TOTAL EXPENDITURE 22 355

In 2016, there was a net result of 91 k€.

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