Financial SituationAccounts to December 31

2014

Dues

Dues Income

Membres ordinaires / Regular members CHF 79,863

Membres associés / Associate members CHF 9,139

Membres observateurs / Observer members CHF 444

Demandes d'adhésion / Application fees CHF 450

Total CHF 89,896

Membership-

MembershipActive 82Associates 32Observers 6Gran total 120Receivables

Active CHF 11,887

Associates CHF 5,545

Observers CHF 560

Total CHF 17,992

According to Article 5.8 of the Rules of Financial Procedure, member associations from countries whose per capita gross domestic product is less than 66% of the world average as computed by the World Bank have their dues halved.

The net annual cost to FIT on the basis of 2014 membership was CHF 927.78

Membership- HIPCS

Country and association

Member No

Membership 2015

Gross Dues 2014, CHF

Net Dues 2014, CHF

Cost to FITCHF

Full members

Guatemala - AGIT M035 44 124.08 62.04 62.04

India - ITAINDIA M038 34 95.88 47.94 47.94

Indonesia - HPI M098 550 1551.00 775.50 775.50

DR Congo - ATIPCO M114 30 84.60 42.30 42.30

TOTAL FULL MEMBERS 927.78

HIPCS entitled to 50% tariff( Highly Indebted

and Poor Countries)

Other Income

Items Income

Launchpad CHF 2,705

Provision for Receivables CHF 2,000

Congress Berlin CHF 2,798

Books sold CHF 61

Total Other Income CHF 7,564

CHF 97,460

Total Income

Expenses

Expenses

Administration (Annex 3) CHF 58,827

Visibilité / Visibility (Annex 4) CHF 7,202

Honoraires professionnels / Professional fees (Annex 5)

CHF 16,551

Services aux membres / Member benefits (Annex 6)

CHF 1,346

Publications (Annex 7) CHF 4,943

Total Expenses CHF 89,369

CHF8,591

Surplus

No. of members now 1 year in arrears 8

No. of members now 2 years in arrears 6

Payment for 2015 still due92

This year partially paid 1

This year overpaid 0

Full payment received 27

Members’ Payment Status

Membership Departures in 2014

3

1

9

3

Analysis of reasons for departures

Changed Category ResignedTerminated Not known

Fees owed pre- 2015 B/fw Total Regular Associate Ordinary

CHF14,384.41

CHF11,312.91

CHF2,567.50 CHF504.00

Invoiced for 2015

CHF121,799.85

CHF107,870.85

CHF13,280.00 CHF649.00

Total fees to be collected

CHF136,184.25

CHF119,183.76

CHF15,847.50

CHF1,153.00

FIT Summary of Fees for 2015

Financial Matters

Solidarity Funds

Article 2.1 Solidarity Fund. A FIT member association experiencing difficulties in paying its membership dues or supporting its member on the FIT Council (hereafter association in difficulty) may request assistance from the Fund and submit an application

Article 2.2, the Treasurer may not sit on the Solidarity Committee.

The fund is comprised mainly of voluntary contributions made by FIT member associations and by individual translators. It may also accept donations and legacies.

It was set up in 1996 on an initiative of the Swiss and Danish associations, mainly to help associations in financial difficulty to pay their dues.

If, in any fiscal year, the FIT current account should show an income surplus, after provision for depreciation and/or necessary allocation to reserves, the Council shall order the transfer of half of this surplus to the Funds.

Solidarity Fund

Solidarity Fund

Solidarity Fund

Actual CHF 20,356

50% of Income CHF 4,296

Total Solidarity Fund

CHF 24,652

  Livre bleu associations at the Credit Mutuel

in France (www.creditmutuel.fr/cmcee/fr/banques/associations/valoriser/votre/epargne/livret/bley/association/caracteristiques.htnk)

  Special version of the standard French savings

account. For nonprofit associations established under the

French law of 1901.

Solidarity Fund at Credit Mutuel

           

ActivitiesInterne

tTrave

lCopyrig

htCongr

ess Hope

           

13,248 2,550 407 1,389 -36 7,186

INVESTMENTS

Bank Interest 2014 CHF 1,400

Term deposit Interest 2014 CHF 3,821

Total as of Dec. 31, 2014 CHF 5,221

FÉDÉRATION INTERNATIONALE DES TRADUCTEURS INTERNATIONAL FEDERATION OF TRANSLATORS ________________________________________________________________________________________ NOTES AFFÉRENTES AUX ÉTATS FINANCIERS / NOTES TO FINANCIAL STATEMENTS AU 31 DÉCEMBRE 2014 / AS AT 31 DECEMBER 2014 (Non vérifié / Unaudited) ________________________________________________________________________________________

2. VARIATION DU TAUX DE CHANGE / EXCHANGE RATE FLUCTUATIONS

For investments, the gains/losses on exchange are recognized when the investment is disposed of.

For investments, any year-on-year change in book value due to exchange-rate fluctuations is recorded annually; any net final gain or loss is recognized when the investment is disposed of.

General considerations for the budget 2015 and beyond