IHES Annual Report 2021 | 6160 | IHES Annual Report 2021

Resources 2021 2020 2019 CONTRIBUTION FROM THE STATE 2,838,334 2,800,000 2,800,000

Grant from the French Ministry of Higher Education, Research and Innovation 2,838,334 2,800,000 2,800,000

OPERATING INCOME 2,008,638 2,883,035 2,056,476 Sales and Services 99,503 114,063 131,966

Contracts, Agreements 1,909,135 2,768,972 1,924,510 French Research Contracts and Agreements 343,009 393,581 399,387

European contracts (ERC) 503,152 1,123,327 723,337 International Research Contracts and Agreements 1,037,986 1,229,668 649,854

Other Income (colloquium incomes) 24,988 22,396 151,931

GIFTS, DONATIONS AND REVENUE FROM ASSETS 1,878,414 1,449,834 1,188,055

Call for Public Generosity 117,700 66,422 116,420 Other Gifts and Donations (Operating Donation) 506,495 243,720 47,977

Income from Real Estate 145,220 108,104 107,804 Financial Revenue 1,108,999 1,031,588 915,853

OTHER 2,669,344 1,164,738 2,614,413 Reversal of Provisions 2,461,518 963,048 2,586,169

Exceptional Income 207,826 201,690 28,244 Expenses transfer 0 0 0

DEBIT BALANCE: DEFICIT 0 336,997 0 TOTAL RESOURCES 9,394,730 8,634,604 8,658,944

Expenses 2021 2020 2019 SALARIES 4,099,998 3,580,990 3,469,385

Professors and Director salaries 2,192,239 1,819,843 1,620,768 Staff Salaries 1,907,759 1,761,147 1,848,617

OPERATING COSTS 1,687,349 1,872,774 2,007,350 Invitation Program 238,424 361,164 508,804

Scientific Events 127,443 59,700 140,673 Other Purchases and External Expenses 1 173,110 1,304,199 1,217,754

Other Expenses 148,371 147,711 140,119 OTHER 3,048,383 3,220,840 1,628,728

Amortisation 527,724 535,360 545,888 Provisions for Liabilities and Charges 0 47,930 70,325

The Publications mathématiques de l'IHES 110,958 109,673 108,835 Outstanding Commitments Financed

by Allocated Resources 1,745,821 1,573,549 727,427

Investment Expenses 627,929 948,963 174,006 Exceptional Expenses 35,950 5,365 2,247

EMPLOYEE PROFIT SHARING 30,000 -40,000 40,000 CREDIT BALANCE: SURPLUS 529,001 0 1,513,481

TOTAL EXPENSES 9,394,730 8,634,604 8,658,944

Statement of Financial Activities

The 2021 balance sheet showed a surplus of 529k. This result was largely generated by a reversal of provisions for unrealized losses on financial investments recorded in previous years. It should be noted that the operating budget was slightly up in 2021. Deloitte & Touche, IHES s statutory auditor, carried out an audit of the accounts and the specific audits required by law. It certified that the financial statements presented for 2021 were consistent and fair in accordance with French accounting rules and principles and gave a true and fair view of the results of operations for the past financial year.

INCOME The Institute's sources of funding are diverse public and private, national and international and they serve to fund the Institute's growing scientific activities over the long term.

In 2021, resources were up from the previous year. The Ministry of Higher Education, Research and Innovation increased its grant, which remains the main source of funding for IHES, covering nearly 33% of its operating budget. This support testifies to the key role IHES plays in the national and international influence of French research.

In a competitive national and international context, there were fewer research contracts and agreements, due to the end of the ERC QuASIFT contract on August 31, 2021. Other international contracts, such as the ERC and Simons Foundation programs, remained active, showing the vitality of the Institute s scientific activities. Public research agreements and contracts (Université Paris-Saclay, CNRS, CEA) as well as funding obtained from French and foreign institutions (Max-Planck-Gessellschaft, FNS, BLSPO) also confirmed the excellence and quality of the work carried out by the Institute for the national and international scientific communities.

IHES continued to pursue an active policy of income development. In 2021, the Institute received 2,970k from individuals, companies and foundations. In order to reinforce the Institute's financial base and ensure its long-term robustness and independence, a large proportion of the donations received were used to consolidate endowment funds.

Financial income from endowment funds represented 13% of the Institute's ressources. IHES continued to maintain a prudent investment policy on the markets while following the objectives set by the Board of Directors. This policy enabled a large part of the latent capital losses to be recovered and financial income to be generated, in accordance with the budget.

Accommodation revenues increased, due to a change in the status of postdoctoral fellows in the new scientific programs, allowing them to pay a modest rent.

Revenues from the Publications mathématiques de l IHES decreased compared to 2020. In 2021, this leading scientific journal published two new issues, numbers 133 and 134.

Financial Notes