Financial Results 2016

[Werner Koch]

Hi!

find below a plain text versions of my latest blog entry.  If you have
any questions please reply to this mailing list.

Salam-Shalom,

   Werner


=================
Copy of <https://gnupg.org/blog/20170904-financial-results-2016.html>:


1 Financial Results for 2016
════════════════════════════

  Having prepared the annual accounts for g10^code GmbH, the legal
  entity employing some of the GnuPG hackers, I can now share a
  financial report.  Please read on if you are interested in how we
  earned and spent the money from donations and paid projects.


1.1 Balance Sheet as of 2016-12-31
──────────────────────────────────

  Let us start by looking at the balance sheet, which describes our
  financial status.  The following table shows the actual [balance
  sheet] with a few accounts pooled up.  Note that for display purposes
  all values have been rounded to a full Euro, and thus there are minor
  mismatches in the Sums row.

  ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
                               Asset    (2015)  Liability    (2015) 
  ──────────────────────────────────────────────────────────────────
   Tangible assets              4722    (3880)                      
   Stock of goods                  0       (0)                      
   Cash balance                  154     (360)                      
   Bank balance KSD           282163  (207453)                      
   PayPal and others balance    7001    (3842)                      
   Accounts receivable         10702    (4774)                      
   Accounts receivable other     150     (497)                      
   Common capital stock                             25000   (25000) 
   Loss carried forward            0       (0)                      
   Profit carried forward                          126688   (11338) 
   Net profit                                       98958  (115350) 
   Shareholder loans                                    0       (0) 
   Accounts payable                                   323       (0) 
   Accounts payable other                           53850   (27974) 
   GnuPG development fund                              72      (72) 
   Provision for taxes                                  0   (41070) 
  ──────────────────────────────────────────────────────────────────
   Sums                       304891  (220804)     304891  (220804) 
  ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━


  The /Bank balance KSD/ is the money that we had at the end of the year
  in our accounts at the local savings bank.  The /PayPal/ row gives the
  amount of money in the PayPal account and as several prepaid accounts.

  From the /Common capital stock/ of 25000 Euro 50% are held by Walter
  Koch and 50% by Werner Koch, the owners of g10^code.  The /Net profit/
  gained in 2015 is added to /Profit carried forward/.

  The /Accounts payable other/ is my profit sharing bonus of 24739 and
  VAT payable for the last quarter.  The /GnuPG development fund/ is the
  rest of a campaign which collected prize money for the GnuPG logo.


  [balance sheet] file:data/g10code-bilanz-2016-pub.pdf


1.2 Profit and Loss from 2016-01-01 to 2016-12-31
─────────────────────────────────────────────────

  Now let us see how much money we earned and how we spent it.  The
  following table shows the actual [profit and loss sheet] with a few
  accounts pooled up.  As above, the values have again been rounded to
  the nearest Euro.

  ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
                              Debit    (2015)  Credit    (2015) 
  ──────────────────────────────────────────────────────────────
   Revenues                                    351689   (57251) 
   Revenues from donations                       9342  (283538) 
   Revenues other                                3607     (218) 
   Salaries                  133776  (108719)                   
   Social insurance           29756   (18060)                   
   Contractors                44700   (33165)                   
   Write-offs                  1571    (1532)                   
   Connectivity and hosting    2259    (2012)                   
   Rents                       2769    (2681)                   
   Interest expenses              1     (550)                   
   Travel expenses             2359    (3499)                   
   Other expenses              6064    (5169)                   
   Donations                   1873    (5100)                   
   Taxes                      40551   (45171)                   
   Net profit                 98958  (115350)                   
  ──────────────────────────────────────────────────────────────
   Sums                      364639  (341007)  364639  (341007) 
  ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━


  The major /Revenues/ items are grants from the Linux Foundation
  (54,219 €), Facebook (44,715 €), Stripe (47,824 €), and from these
  paid projects: Gpg4VS-NfD (79,800 €), Gpg4All (48,000 €), and EasyGPG
  (65,000 €).

  The /Rents/ are for the room used as an office in my house.  /Other
  expenses/ sums up money spent for magazines, power, office supplies,
  advertising, conference fees, legal costs, etc.  Donations have been
  given to [Netzpolitik.org], [Freundeskreis für Flüchtlinge in
  Erkrath], [Wikimedia], and the [Freie Software Freunde].

  As with almost all software development companies, the majority of
  expenses are staff costs.  Not counting taxes, which depend on the
  annual profit, we had total costs of 225,000 € with 207,000 € spent on
  /Salaries/, /Social insurance/, and /Contractors/.  My share of this
  were 47,400 € regular salary (of which I need to pay social insurances
  fully myself) plus a profit sharing bonus of 24,700 €.  We made quite
  some profit last years due to the good revenue situation and because
  one of our employees substantially reduced his working hours to finish
  his PhD.


  [profit and loss sheet] file:data/g10code-bilanz-2016-pub.pdf

  [Netzpolitik.org] https://netzpolitik.org

  [Freundeskreis für Flüchtlinge in Erkrath]
  http://www.freundeskreis-fluechtlinge-erkrath.de/

  [Wikimedia] https://wikimedia.de

  [Freie Software Freunde] https://freie-software.de

-- 
Die Gedanken sind frei.  Ausnahmen regelt ein Bundesgesetz.
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