Page 20 - ETSI-annual-report_2024

13 BUDGET REPORT AND FINANCIAL STATEMENTS

2024

Financial situation

The management of ETSI’s finances is described by: ■ Launch of new iteration of the SESEI project.
■ Launch of special projects funded by the EU: IndiCo
■ The budget report. Global on January 1st and Cyberstand.eu on June 1st.
■ Financial statements (balance sheet, and income ■ Launch and closure of several EC/EFTA projects.
and expenditure statement), which are established ■ Development of the Training and Standardization
according to French laws and regulations.
project as approved by GA#82.
Mr. Anis Nassif from CONCERTAE, whose auditor’s mandate ■ Higher-than-expected financial revenues
was renewed at General Assembly #80, has audited the due to investment optimization on secured
2024 ETSI accounts. He certified that the annual financial fixed-term deposits.
statements are accurate, sincere, and provide a fair view The ETSI 2024 Budget reports a net result of 117 k€,
of the activities conducted during the past financial year, compared to 113 k€ in 2023.
from January 1st to December 31st, 2024.
Total income amounts to 27 163 k€, reflecting an increase
The highlights of the 2024 fiscal year are as follows:
of 419 k€ compared to 2023, which represents a growth
■ Implementation of new financial contribution of 1,6%. Total expenditure amounts to 27 046 k€.
schemes with updated voting rights The distribution of income and expenditure is
approved at GA#81c, including a 5% illustrated below:
increase in membership dues.
■ Allocation of an operating grant of 158 k€.

Experts
3GPP Meetings Others Special 14,1%
1,1%
8,5%
EU Fundings projects
5,8% 2,3%
3GPP Financial
Partnership 0,1%
12,6%

Members Secretariat
71,9% 83,5%

INCOME EXPENDITURE

20