Financial summary 2018

SWOV is a non-profit organization. After a number of years with positive results, 2018 closed with a negative operational result, as did 2017, which for 2018 amounts to € 138K. This is mainly a consequence of extra investments in the Road Safety Data Centre (formerly Informatiehuis) and the budget for the Delft Road Safety Course being exceeded. As a designated reserve was available for the Data Centre, the amount that we must charge to the general reserve is not too high: € 27K.

Balans

	31/12/2018	31/12/2017

	€	€
ASSETS

Fixed assets
Intangible fixed assets	109.724	54.656
Tangible fixed assets	141.832	111.358
	251.556	166.014

Current projects	101.873	116.083

Current assets
Accounts reveivable	618.048	717.952
Current account STIWAS	31.927	42.076
Liquid assets	982.168	1.953.363
	1.632.143	2.713.391

TOTAL ASSETS	1.985.572	2.995.488

LIABILITIES

Reserves
General reserve	1.181.839	1.208.535
Earmarked reserve	-	85.000
Earmarked fund	131.293	157.968
	1.313.132	1.451.503

Provisions	47.076	44.856

Current liabilities	625.364	1.499.129

TOTAAL PASSIVA	1.985.572	2.995.488

The amounts are in euros and are from SWOV's Financial Report 2018

SWOV receives income from the Ministry of Infrastructure and Environment, the European Union and external clients, such as other governments, organisations and institutions. The most important financier is the Ministry of IenW, which contributes about 70% of the turnover. The grant for 2017 is based on the subsidy scheme SWOV 2014, which came into force from 2015.

With € 1.1 million, the realization of external assignments was over € 300K less than budgeted. Part of this has been compensated by the Ministry's wage/price indexation of €89K. The reason for this is that there were less FTE available as a result of filling in a number of vacancies later, as a result of which a number of activities were postponed to 2019.

Statement of income and expenditure

	Actual 2018	Budgeted 2018	Actual 2017


INCOME

Subsidie Ministry of IenW	3.956.357	3.867.831	3.867.831
EU income	416.876	344.932	909.996
Income external clients	737.556	1.113.578	710.741
Contribution Fonds RAI and ANWB	20.000	20.000	20.000

TOTAAL INCOME	5.130.789	5.346.341	5.508.568

EXPENDITURE

Personnel	4.138.830	4.280.203	4.370.323
Building	354.736	362.000	364.907
Deprecation	90.420	98.176	83.926
Other company liabilities	391.196	388.824	392.231
Total generala expenditure	4.975.182	5.129.203	5.211.387

External expenditure IenW projects	176.843	235.750	230.263
External expenditure EU-projects	50.719	-	67.156
External expenditure other projecten	66.720	-	66.070
Totaal external expenditure	294.282	235.750	363.489

TOTAL EXPENDITURE	5.269.464	5.364.953	5.574.876

Balance income and expenditure	-138.675	-18.612	-66.308
Interest	304	-	357

RESULT	-138.371	-18.612	-65.951

APPROPRIATION RESULT
General reserve	-26.696	-	-45.618
Earmarked reserve Informatiehuis	-85.000	-	-35.000
Earmarked fund RAI/ANWB	-26.675	-	14.667

BALANCE APPROPRIATION RESULT	-138.371	-	-65.951

The amounts are in euros and are from SWOV's Financial Report 2018

Law on the criteria for top incomes/salaries

On 1 January 2013, the Dutch Law on Top Income (WNT) came into force. The WNT applies to SWOV. The remuneration maximum applicable to SWOV is € 181,000 in 2017 (the general remuneration maximum).

Leading top executives

Amounts x € 1	P. van der Knaap	R.G. Eenink	H.L. Stipdonk
Function information	Managing Director	Management Team / Deputy Director	Management Team
Start and end of job performance in 2018	01-01 t/m 31-12	01-01 t/m 31-12	01-01 t/m 31-12
Scope of employment (full-time equivalent in FTE)	1	1	1
Employment?	yes	yes	yes

Salary
Remuneration plus taxable expense allowances	124.408	101.461	101.445
Payments payable in the long term	18.294	17.042	17.042
Subtotal	142.702	118.503	118.486

Individually applicable remuneration maximum	189.000	189.000	189.000

-/- Amount unduly paid and not yet received back	Does not apply	Does not apply	Does not apply
Total remuneration	142.702	118.503	118.486

Reason why the excess is or is not permitted	Does not apply	Does not apply	Does not apply

Data 2017
bedragen x € 1	P. van der Knaap	R.G. Eenink	H.L. Stipdonk
Function information	Managing Director	Management Team / Deputy Director	Management Team
Start and end of job performance in 2017	01-01 t/m 31-12	01-01 t/m 31-12	01-01 t/m 31-12
Scope of employment (full-time equivalent in FTE)	1	1	1
Employment?	yes	yes	yes

Salary
Remuneration plus taxable expense allowances	122.885	99.994	99.994
Payments payable in the long term	17.063	15.712	16.082
Subtotal	139.948	115.706	116.076

Individually applicable remuneration maximum	181.000	181.000	181.000

-/- Amount unduly paid and not yet received back	Does not apply	Does not apply	Does not apply
Total remuneration	139.948	115.706	116.076

Supervising senior officials with a remuneration of € 1,700 or less