OiEAU ANNUAL REPORT - 2019

The stakes The drop in subsidies required finding compensation from new competitive markets. This led the association to structure itself differently and to reassign and then train its staff. Thus, the strong increase in operating revenues did not immediately translate into a net income, which came out with the budget balance at the end of the fiscal year (+ € 12k). In the future, the association must continue to develop its commercial activities in order to cope, unfortunately, with decreases in public funding. It must also take care to maintain a suitable margin on its projects. It will have to continue the reassignment of some of its staff in order to respond to new markets and commercial partnerships. It will be able to count on its strong adaptability and on the solid synergies generated by its statutory missions. The main families of products OiEau's activity products can also be broken down according to the major accounting families of products. This allows observing the share of subsidies but also the distribution of commercial revenues between French and international levels (nationality of the donor): Large expense items For OiEau, the significant expenditures are Purchases and Consumption, Payroll, Taxes and Depreciation. Their evolution since last year is the following one (in % of Operating Products): 15% 34% 48% 1% 2% Contributions Subsidies French operating revenues Other products International operating revenues 2019 2018 Payroll 56,8 % 59,2 % Purchases 34,5 % 32,6 % Depreciation and provision 4,5 % 3,3 % Taxes 4,1 % 5,4 % 41