Ludwig Institute Consolidated Financial Report for 2012
Ludwig Institute for Cancer Research Ltd Statutory Financial Statements 2012 Ludwig Institute for Cancer Research Ltd, Zurich Report of the Statutory Auditor on the Financial Statements to the General Meeting of Shareholders Financial Statements 2012 KPMG AG Zurich, May 14, 2013 - 8 - Ludwig Institute for Cancer Research Ltd - 9 - Ludwig Institute for Cancer Research Ltd - 10 - Ludwig Institute for Cancer Research Ltd Balance Sheet as at December 31, 2012 USD CHF 2012 2011 2012 2011 Assets Current assets Liquid funds (Notes 1 & 2) 22,138,495 15,385,587 20,265,932 14,387,043 Fixed term deposits (Notes 1 & 2) 6,439,223 14,765,382 5,894,618 13,806,828 Other receivables - Third parties 2,640,414 3,461,456 2,417,059 3,236,845 External funding 3,888,612 3,411,279 3,559,672 3,189,902 Prepayments and accrued income 3,120,349 2,681,977 2,856,387 2,507,918 Total current assets 38,227,093 39,705,681 34,993,668 37,128,536 Fixed assets Financial fixed assets - Investments (Note 4) 7,080,599 5,103,000 6,481,635 4,771,815 Other (Notes 1 & 5) 1,517,679 1,987,090 1,389,319 1,858,180 Total fixed assets 8,598,278 7,090,090 7,870,954 6,629,995 Total assets 46,825,371 46,795,771 42,864,622 43,758,531 Liabilities and Net worth Current liabilities Accounts payable - third parties (Note 7) 8,873,562 10,624,684 8,122,981 9,935,143 Accruals (Note 1) 6,507,197 7,514,082 5,956,785 7,026,474 Provisions (Notes 1 & 8) 5,839,674 5,860,811 5,345,653 5,480,518 Deferred income (Notes 1 & 10) 6,887,424 10,096,102 6,304,919 9,441,140 Total current liabilities 28,107,857 34,095,679
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