Financial Statement for 2016
The financial statements of the foundation cover the period from 1 January 2016 to 31 December 2016. They were prepared on the basis of the Regulation of the Minister of Finance on the Detailed Rules of Accounting for Certain Entities Which are Not Commercial Companies and Which Do Not Conduct Commercial Activity of 15 November 2001 (Journal of Laws of 2001 No. 137 item 1539) and of the rules set forth in the Accountancy Act of 29 September 1994.
The valuation of the assets and liabilities of the foundation was made in accordance with the Accountancy Act. As at the balance sheet day of 31 December 2016, the foundation did not have any asset components disclosed as fixed assets, intangible assets, non-current receivables and investments or current receivables and investments.
The foundation’s statutory fund, defined in the foundation’s statute of 24 April 2011, has not changed, and amounts to PLN 1,000.
Profit in 2016 in the amount of PLN 10 978,12 will increase the foundation’s revenue in the following year and will be allocated to implementing the foundation’s statutory purposes.
