Financial summary 2019

2019 ended with a positive operating result, which amounts to € 155,851 for 2019. That is a gratifying fact after two years of a - in accordance with budget - negative result and ensures that our resistance capacity is back within the desired margin. Additional income was generated in 2019, including for the European projects MEDIATOR and LEVITATE that were only awarded after the budget. The 'Kennisnetwerk SPV' was also launched in 2019, which was not yet known at the time the budget was drawn up. In order to realize this extra turnover, extra capacity has been attracted, more than three FTEs on average, which has increased total productivity.

Liquid assets increased by € 789,547 in 2019. This is mainly due to the advances received from the EU for the LEVITATE and MEDIATOR project.

Balans

 

31/12/2019

 

31/12/2018

 

   

 

 

 

 €

ASSETS

   

 

 

   

 

Fixed assets

   

 

Intangible fixed assets

94.153

 

109.724

Tangible fixed assets

207.075

 

141.832

 

291.228

 

251.556

 

   

 

Current projects

-

 

101.873

 

   

 

Current assets

   

 

Accounts reveivable

955.187

 

618.048

Current account STIWAS

30.965

 

31.927

Liquid assets

1.771.715

 

982.168

 

2.757.867

 

1.632.143

 

   

 

TOTAAL ASSETS

3.049.095

 

1.985.572

 

   

 

LIABILITIES

   

 

 

   

 

Reserves

   

 

General reserve

1.317.690

 

1.181.839

Earmarked fund

151.293

 

131.293

 

1.468.93

 

1.313.132

 

   

 

Provisions

55.157

 

47.076

 

   

 

Ongoing projects

834.656

 

-

 

   

 

Current liabilities

690.299

 

625.364

 

   

 

TOTAL LIABILITIES

3.049.095

 

1.985.572

The amounts are in euros and are from SWOV's Financial Report 2019

SWOV receives income from the Ministry of Infrastructure and the Environment, from the European Union and from external clients, such as other governments, organizations and institutions. The main financier is the Ministry of Infrastructure and Water Management, which contributes approximately 74% of the turnover. The 2019 subsidy is based on the SWOV 2014 Subsidy Scheme, which came into effect in 2015. In addition, the Ministry of Infrastructure and Water Management has granted a subsidy of € 250,000 to the 'Kennisnetwerk SPV'.

The realization on the EU and external contracts is € 1.35 million, taking into account the external costs on these projects. This is € 100K lower than budgeted. This is compensated for by the additional subsidy from IenW for the Knowledge Network SPV. The higher turnover on the EU projects can be explained by the fact that two projects started in 2019, LEVITATE and MEDIATOR.

Statement of income and expenditure

 

Actual 2019

 

Budgeted 2019

 

Actual 2018

 

       

 

 

       

 

INCOME

       

 

 

       

 

Subsidy Ministry of IenW

               4.237.334

 

               3.956.357

 

               3.956.357

EU income

                 635.764

 

                 433.699

 

                 416.876

Income external clients

                 832.910

 

               1.014.946

 

                 737.556

Contribution Fonds RAI and ANWB

                   20.000

 

                   20.000

 

                   20.000

 

       

 

TOTAL INCOME

               5.726.008

 

               5.425.002

 

               5.130.789

 

       

 

EXPENDITURE

       

 

 

       

 

Personnel

               4.341.908

 

               4.183.685

 

               4.138.830

Building

                 361.768

 

                 365.000

 

                 354.736

Deprecation

                   92.405

 

                   112.000

 

                   90.420

Other company liabilities

                 450.014

 

                 517.000

 

                 391.196

Total general expenditure

               5.246.096

 

               5.177.685

 

               4.975.182

 

       

 

External expenditure IenW projects

                 207.373

 

                 233.940

 

                 176.843

External expenditure EU projects

                   78.137

 

                         -  

 

                   50.719

External expenditure other projects

                   38.700

 

                         -  

 

                   66.720

Total external expenditure

                 324.210

 

                 233.940

 

                 294.282

 

       

 

TOTAL EXPENDITURE

               5.570.306

 

               5.411.625

 

               5.269.464

 

 

 

 

 

 

Balance income and expenditure

               155.702

 

                 13.377

 

                  -138.675

Interest

                       149

 

                         -  

 

                       304

 

       

 

RESULT

               155.851

 

                 13.377

 

                  -138.371

 

 

 

 

 

 

APPROPRIATION RESULT

       

 

General reserve

                 135.851

 

   13.377

 

                  -26.696

Earmarked reserve Informatiehuis

                 -

 

                         -  

 

                  -85.000

Earmarked fund RAI/ANWB

                  -20.000

 

                         -   

 

                  -26.675

 

       

 

BALANCE APPROPRIATION RESULT

               155.851

 

               13.377   

 

                  -138.371

The amounts are in euros and are from SWOV's Financial Report 2019

Law on the criteria for top incomes/salaries

On 1 January 2013, the Dutch Law on Top Income (WNT) came into force. The WNT applies to SWOV. The remuneration maximum applicable to SWOV is € 194,000 in 2017 (the general remuneration maximum).

Leading top executives

Amounts x € 1

P. van der Knaap

R.G. Eenink

H.L. Stipdonk

Function information

Managing Director

Management Team / Deputy Director

Management Team

Start and end of job performance in 2019

01-01 t/m 31-12

01-01 t/m 31-12

01-01 t/m 31-01

Scope of employment (full-time equivalent in FTE)

1

1

0,0833

Employment?

ja

ja

ja

 

 

 

 

Salary

 

 

 

Remuneration plus taxable expense allowances

                 128.242

                 104.690

                 14.019

Payments payable in the long term

                   19.915

                   18.468

                   1.539

Subtotal

                 148.157

                 123.157

                 15.558

 

 

 

 

Individually applicable remuneration maximum

194.000

194.000

                 16.167

 

 

 

 

 -/- Amount unduly paid and not yet received back

Does not apply

Does not apply

Does not apply

Total remuneration

                 148.157

                 123.157

                 15.558

 

 

 

 

Reason why the excess is or is not permitted

Does not apply

Does not apply

Does not apply

 

   

 

Data 2018

 

 

 

Amounts x € 1

P. van der Knaap

R.G. Eenink

H.L. Stipdonk

Function information

Managing Director

Management Team / Deputy Director

Management Team

Start and end of job performance in 2017

01-01 t/m 31-12

01-01 t/m 31-12

01-01 t/m 31-12

Scope of employment (full-time equivalent in FTE)

1

1

1

Employment?

yes

yes

yes

 

 

 

 

Salary

 

 

 

Remuneration plus taxable expense allowances

                 124.408

                   101.461

                   101.445

Payments payable in the long term

                   18.294

                   17.042

                   17.042

Subtotal

                 142.702

                 118.503

                 118.486

 

 

 

 

Individually applicable remuneration maximum

189.000

189.000

                 189.000

 

 

 

 

 -/- Amount unduly paid and not yet received back

Does not apply

Does not apply

Does not apply

Total remuneration

                 142.702

                 118.503

                 118.486

 

Supervising senior officials with a remuneration of € 1,700 or less

NAME

POSITION

Dhr S. de Rouwe

Chairman Member board of supervisors

Dhr. O.C.M. de Bruijn

Member board of supervisors

Mw. M.M. de Jager

Member board of supervisors

Dhr. J.P. Schaaij

Member board of supervisors

Mw. I.B. Schipper

Member board of supervisors

Dhr. E.T. Verhoef

Member board of supervisors

Mw. J.M. de Vries

Member board of supervisors