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CrossRef Annual Report 2013/2014

F I N A N C I A L S TAT E M E N T. S TAT E M E N T O F A C T I V I T I E S YEARS ENDED DECEMBER 31, 2013 AND 2012 R E V E N U E G R OWT H B Y Y E A R (MILLIONS) UNRESTRICTED NET ASSETS: 2013 2012 REVENUE AND SUPPORT: Deposit fees $3,454,340 $3,128,505 Member fees 2,275,593 2,025,017 Interest income 13,729 4,771 Foreign currency exchange loss, net (6,525) (20,368) TOTAL REVENUE AND OTHER SUPPORT 5,737,137 5,137,925 EXPENSES: Salaries and benefits 2,769,725 2,456,709 Data center 512,785 540,092 Travel and entertainment 396,613 297,275 Depreciation 243,599 214,222 Professional fees 225,019 198,779 Other general and administrative expenses 218,048 168,571 Registration fees, related party (Note 3) 200,221 249,279 Rent 136,509 135,040 Advertising and marketing 93,879 102,860 Program initiatives 52,492 11,273 Consulting 47,770 45,000 Dues and subscriptions 47,273 38,311 Insurance 28,865 27,751 Bad Debt 8,963 27,094 TOTAL EXPENSES 4,981,761 4,512,256 CHANGE IN UNRESTRICTED NET ASSETS 755,379 625,669 NET ASSETS, BEGINNING OF YEAR 4,093,665 3,467,996 NET ASSETS, END OF YEAR 4,849,041 $4,093,665 5 million 4 million 3 million 2 million 1 million 0 5.73 MILLION 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 8 C R O S S R E F A N N U A L R E P O R T . 2 0 1 3 / 2 0 1 4


CrossRef Annual Report 2013/2014
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