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. Financial ratios measure management efficiency divided into three areas: institutional activity to support cancer research and scientific information, fundraising activities, and support activities.

INCOME (values expressed in million euro) 2019 2018
AIRC FIRC AGGREGATE AIRC FIRC AGGREGATE
FUNDRAISING
From fundraising activities 59,3 0,3 59,6 54,1 0,4 54,5
From pre-tax donations (5 per mille) 64,5 0,7 65,2 64,5 0,5 65,0
From charitable bequests e liberal donations 5,4 20,2 25,6 2,7 20,2 22,9
Subtotal 129,2 21,2 150,4 121,3 21,1 142,4
NON-CORE ACTIVITIES 0,5 - 0,5 - - -
EQUITY INCOME 3,1 2,6 5,7 - 1,5 1,5
EXTRAORDINARY INCOME 1,3 0,9 2,2 0,7 0,2 0,9
TOTAL INCOME 134,1 24,7 158,8 122,0 22,8 144,8
DUTIES
Fundraising and communication duties 21,9 1,3 23,2 17,4 1,7 19,1
Support duties 5,3 0,8 6,1 5,4 0,9 6,3
Other duties 0,7 4,2 4,9 1,5 3,4 4,9
Subtotal 27,9 6,3 34,2 24,3 6,0 30,3
INSTITUTIONAL ACTIVITIES
Funding of cancer research 98,3 31,3 129,6 91,1 17,5 108,6
Dissemination of scientific results 2,0 - 2,0 2,0 - 2,0
Other institutional duties 3,7 - 3,7 3,6 - 3,6
TOTAL INSTITUTIONAL DUTIES 104,0 31,3 135,3 96,7 17,5 114,2
TOTAL DUTIES 131,9 37,6 169,5 121,0 23,5 144,5
ECONOMIC RESULT FOR THE YEAR 2,2 (12,9) (10,7) 1,0 (0,7) 0,3

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 80% 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 2019, only 15 cents out of each euro donated were used for the organisation of the various fundraising initiatives.

Fund Assignment Speed in 2019

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