3
Expenses
The total expenses in 2021/22 amounted to €10’024 k (vs. € 7'893k in 2020/21). The €1.0m unbudgeted donation related to the Ukraine Relief Fund was financed by the lower than originally budgeted operating expenses (around 20%), mostly due to lower travel and event costs and staff costs (postponed recruitments).
9
Financial Report 2021/22
Made with FlippingBook flipbook maker