IEA INSIDER 2024
Financial Summary 2023
BY JAN-PETER BROEK
and national projects resulted in a heavy workload in both Amsterdam and Hamburg. The prospects are still looking good for the German projects as well as for the international projects, amongst others due to an increase in participating organizations and countries. ■
Like 2022, the fiscal year 2023 ended with a positive financial result. The US dollar had a significant positive effect on the balance sheet compared to previous year. IEA continued to strengthen its net equity needed after the COVID-19 year 2020. The continuation of international
2023 US $
2022 US $
ASSETS Fixed assets Intangible Tangible Project Total fixed assets
32,277 567,520 462,802 1,062,599
41,924 668,085 611,415 1,321,422
Current assets Receivables Cash at bank and in hand Total current assets
6,704,393 12,475,833 19,180,226
6,028,303 11,575,622 17,603,925
20,242,825
18,925,347
Total assets
2023 US $
2022 US $
NET ASSETS AND LIABILITIES
Continuity reserve Project reserve/net assets Total net assets
9,100,000 (4,862,514) 4,237,486
9,100,000 (5,634,245) 3,465,755
Project funds Current liabilities Total liabilities
8,556,449 7,448,890 16,005,339
10,425,692 5,033,900 15,459,592
20,242,825
Total net assets and liabilities
18,925,347
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