Financial statement

Summary of the
aggregated financial statement

The following table summarizes the aggregate financial statement and is intended to report separately on the activity of the two entities, as well as to highlight the reclassified values ​​used to determine financial ratios.

INCOME (values expressed in million euro)FUNDRAISING From fundraising activities From pre-tax donations (5 per mille) From charitable bequests e liberal donationsSubtotalNON-CORE ACTIVITIESEQUITY INCOMEEXTRAORDINARY INCOMETOTAL INCOMEDUTIES Fundraising and communication duties Support duties Other dutiesSubtotalINSTITUTIONAL ACTIVITIES Funding of cancer research Dissemination of scientific results Other institutional dutiesTotal institutional dutiesTOTAL DUTIESECONOMIC RESULT FOR THE YEAR AIRC51.6131.712.4195.70.50.13.5199.821.34.30.726.3167.22.13.0172.3198.61.2 FIRC0.21.56.69.7-1.10.39.71.10.71.12.919.3--19.322.2(12.5) AGGREGATE51.8133.219.0209.50.51.23.8209.522.45.01.829.2186.52.13.0191.6220.8(10.3) AIRC59.364.55.4129.20.53.11.3134.122.05.30.728.098.32.03.7104.0132.02.1 FIRC0.30.720.221.2-2.60.924.71.30.84.16.231.3--31.337.5(12.8) AGGREGATE59.665.225.6150.40.55.72.2158.823.26.14.834.2129.62.03.7135.3169.5(10.7) 2020 2019

Indicators of efficiency
and organizational capability

The Financial Statements issued by AIRC and FIRC fulfil their obligation of reporting, transparency and information to members and supporters.

Being efficient means spending just the right sum to get the best possible result, in other words: allocating 86.8% of the available resources for institutional activity. The efficiency indicators listed below were defined on the basis of homogeneous reference schemes shared with most national common practices.

 

Fundraising efficiency index

This indicator expresses the quota of collection expenditure per each euro received. In 2020, only 11 cents out of each euro donated were used for the organisation of the various fundraising initiatives.

TOTAL FUNDRAISING Fundraising cost NET FUNDRAISING 204.0 22.4 181.6 2020 efficiency based on € 1.00 2020 (values expressed in million euro) € 0.11 Fundraising cost € 0.89 Net fundraising
Total fundraising Fundraising cost NET FUNDRAISING 204.022.4181.6 2020 Efficiency based on € 1.00 2020 (values expressed in million euro) € 0.89Netfundraising € 0.11Fundraising cost

Fund Assignment Speed
in 2020

The following table shows the average time intervening between the allocation of funds and their actual disbursement.

(values expressed in million euro)

€ 104.91 to 6 months56% € 55.1*5 per mille2019 fund30% € 10.77 to 12 months6% € 15.9residual8% Fund Assignment speed € 1.7 € 1.6 € 0.5 Fellowships 2021 Fellowships 2022 Fellowships 2023 *€ 60 millions set aside for 2020, of which € 4.9 millions allocated in the first months of 2021 and € 55.1 millions still to be allocated.
(values expressed in million euro) Fund Assignment Speed € 104.91 to 6 months 56% € 15.9residual 8% € 10.77 to 12 months 6% € 55.1*5 per mille2019 fund 30% € 1.7 € 1.6 € 0.5 *€ 60 millions set aside for 2020, of which € 4.9 millions allocated in the first months of 2021 and € 55.1 millions still to be allocated.