Annual Report 2019-2020

53 E F L I N G A N N U A L R E P O R T 2 0 1 9 – 2 0 2 0 SUMMARIZED INCOME STATEMENT IN 2019 Member Sickness Recreational Labor Dispute Educational Rehabilitation Grant fund Family and grant fund benefits fund fund fund fund fund of Efling fund Transfers Total Operating revenue Union fees ................................................................................... 689,199,81 2 918,272,346 301,963,951 130,480,062 52,1 92,026 0 56,679,934 157,080,58 1 2,305,868,712 Rental income from summerhouses ............................... 0 0 50,923,890 0 0 0 0 0 50,923,890 Other income ............................................................................. 1,560,000 34,418,209 0 0 0 79,675,1 1 5 0 0 115,653,324 690,759,8 1 2 952,690,555 352,887,841 130,480,062 52,1 92,026 79,675,1 1 5 56,679,934 157,080,58 1 0 2,472,445,926 Operating expenses Union fees and taxes ............................................................... 131,558,257 0 0 0 0 0 0 0 131,558,257 Benefits and grants .................................................................. 4,668,579 886,733,599 0 24,037,425 0 0 39,301,470 158,331,920 1,1 1 3,072,993 Summerhouses operation costs.......................................... 0 0 144,301,476 0 0 0 0 0 144,301,476 Other cost of the recreational fund................................... 0 0 6,766,431 0 0 0 0 0 6,766,431 Members education ................................................................. 1,366,224 0 0 0 8,339,370 0 0 0 9,705,594 Promotions and marketing..................................................... 36,789,926 13,507,522 16,767,249 454,272 13,263,832 0 0 0 80,782,801 Meetings, publishing and members tours...................... 26,89 1,345 4,350 289,675 0 505,742 5,555 1,822,658 0 29,519,325 Collective bargaining cost....................................................... 0 0 0 16,083,884 0 0 0 0 16,083,884 Union fees registration service........................................... 32,274,71 2 32,204,649 13,676,781 695,260 397,354 661,149 204,239 6,523,953 86,638,097 Salaries and related expenses .......................................... 406,767,037 23,371,175 27,247,061 5,190,843 34,227,71 3 72,475,550 2,241,01 4 12,866,72 5 584,387,1 1 8 Other operating expenses ................................................... 93,476,642 37,201,835 18,584,064 7,098,543 7,098,053 17,375,59 1 3,073,188 13,856,769 197,764,685 Depreciation............................................................................... 10,099,76 1 37,519,814 0 0 81,519 179,91 4 0 0 47,881,008 743,892,483 1,030,542,944 227,632,737 53,560,227 63,913,583 90,697,759 46,642,569 191,579,367 0 2,448,461,669 Operating profit (53,13 2,67 1) (77,852,389) 125,255,104 76,91 9,835 (11,72 1,557) (11,022,644) 10,037,365 (34,498,786) 23,984,257 Financial income......................................................................... 57,109,826 85,938,950 29,855,347 60,286,124 9,167,723 0 8,003,524 12,591,906 262,953,400 Exchange rate difference in Securities........................ 68,598,934 214,572,844 3,644,870 105,351,452 155,978 0 0 5,186,766 397,510,844 Financial expenses ................................................................... (1,624,824) (2,660,405) (1,524.388) (978,571) (12,676) 0 0 0 (6,800,864) Capital income tax.................................................................... (25,352,1 1 8) (62,464,402) (6,564,476) (36,040,731) (2,016.899) 0 (1,760,776) (3,885,782) (138,085,184) 98,73 1,8 1 8 235,386,987 25,411,353 128,618,274 7,294,126 0 6,242,748 13,892,890 0 515,578,1 96 Profit for the year 45,599,147 157,534,598 150,666,457 205,538,109 (4,427,431) (11,022,644) 16,280,113 (20,605,896) 0 539,562,453