IHES Annual Report 2020 | 53

Assets 2020 2019 2018

FIXED ASSETS

Intangible fixed assets 18,198 25,268 35,162

Tangible fixed assets 9,711,917 9,879,607 10,261,783

Long term investments 6,842,070 6,293,700 5,428,624

Total I 16,572,186 16,198,576 15,725,569

CURRENT ASSETS

Stocks and WIP 6,396 5,235 4,153

Trade debtors 384,460 384,720 498,346

Marketable securities 33,029,392 28,393,286 31,300,127

Cash at bank and in hand 7,240,270 9,831,726 3,504,536

Prepayments 142,735 63,003 45,650

Total II 40,803,253 38,677,969 35,352,812

Unrealised foreign exchange losses 0 0 0

Total III 0 0 0

TOTAL ASSETS (I+II+III) 57,375,439 54,876,545 51,078,381

Liabilities and funds 2020 2019 2018 ASSOCIATIVE FUNDS

Capital funds 49,481,392 50,688,407 46,979,409 Other associative funds 2,810,841 62,210 90,454

Total I 52,292,232 50,750,617 47,069,863 PROVISIONS FOR LIABILITIES AND

CHARGES 545,668 498,225 426,035

Total II 545,668 498,225 426,035 DESIGNATED FUNDS 1,573,549 727,427 858,281

Total III 1,573,549 727,427 858,281 BORROWINGS AND LIABILITIES 2,963,989 2,900,276 2,724,202

Total IV 2,963,989 2,900,276 2,724,202

TOTAL LIABILITIES AND FUNDS (I+II+III+IV) 57,375,439 54,876,545 51,078,381

* This information is taken from the annual financial statements, a full copy of which can be consulted at the Institute.

Balance Sheet 2020