Constellations 2009 accounts closed
The Constellation board closed the Constellation’s 2009 accounts with a loss of 18,923.43 Euro for the period, leading to a negative equity of 12,401.14 Euro. The Membership Meeting approved the 2009 accounts in a virtual meeting from 28-30 June 2010.
The Board congratulated the Constellation Support Team for a comprehensive and professional report, “which forms the basis for confidence in the future of the Constellation”. About the negative equity the board members state: “The negative result is mainly caused by the investment that was made in 2009 to the development of the organization. Relatively high investments were made to the building of the Constellation Support Team and support to the development of Country Teams. This investment should lead to partnerships and programs that will permit a positive result in 2010 which will restore a positive equity".
The report of the Statutpry Auditor mentions: “In our opinion the financial statements for the year ended 31 December 2009 give a true and fair view of the association’s assets and liabilities, its financial position and the results of its operations in accordance with the financial reporting framework applicable in Belgium”.
Download the 2009 financial report and the auditors report.