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Annual Report 2010
Previous Reports:
Financial Highlights
The statements of revenues and expenditures for 2008/2009 reflect a credit balance, for a number of reasons. For one thing, there has been a significant rise in income from research grants. These are competitive grants, mainly from the EU and the US, obtained by the scientists themselves. There was also a certain amount of growth in funding from the government of Israel in this period. This growth was in line with the overall increase in income, so that the actual percentage of income from government support for the Institute has not grown.
Two other factors affecting the balance are an advantageous shift in the dollar exchange rate, which has resulted in the conversion of dollar revenues into more shekels; and an increase in the Institute’s net financial income.
Revenues and Expenditures:
All figures are given in thousands of New Israeli Shekels (NIS) as of September 30, 2009. The exchange rate at that time stood at NIS 3.758 to 1 U.S. dollar.
|
Revenues |
NIS X 1000 |
% |
|
Appropriations and grants from the Government of Israel |
371,934 |
32.7 |
|
Donations and legacies |
229,482 | 20.2 |
|
Revenues from research |
239,146 | 21.0 |
|
Financial income and investments |
241,607 | 21.2 |
|
Institute share of royalties from Yeda |
40,525 | 3.6 |
|
Other revenues |
14,494 | 1.3 |
|
Total |
1,137,188 | 100 |
|
Expenditures |
NIS X 1000 |
% |
|
Salaries and related expenses |
467,622 | 44.0 |
|
Scientific departments, scholarships, research and teaching activities |
288,892 | 27.2 |
|
Scientific equipment |
66,629 | 6.3 |
|
Maintenance, technical services, energy consumption and property taxes |
140,579 | 13.2 |
|
General and administrative |
40,924 | 3.9 |
|
Financial, net |
57,533 | 5.4 |
|
Total Expenditures |
1,062,179 | 100.0 |
|
Deficit |
75,009 |
|
|
|
|
|
Development Projects |
NIS X 1000 |
|
Buildings under construction |
26,100 |
|
Upgrading and refurbishing existing buildings |
16,100 |
|
Infrastructure |
1,400 |
|
Total 2008/2009 |
43,600 |
