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Forschungszentrum Jülich - Annual Report 2011

72 Finances Investments in science and research secure our future. Financing from public funds makes it possible to conduct the independent preliminary research that is essential to ensure sustainable development. In addition to this, Forschungszentrum Jülich also aims to generate income from licences with its industrially oriented research. Profit and loss account The profit and loss account compares the revenue and costs of Forschungszentrum Jülich. The difference normally corresponds to the company profit or loss. In the case of Forschungszentrum Balance sheet Subsidies from the German federal government and the state of North Rhine-Westphalia make up by far the largest part of Forschungszentrum Jülich’s income. In addition, Jülich also re- Jülich, the shareholders are obliged to balance the books. Like institutional funding, this extra revenue is part of the additional subsidies. The profit and loss statement is therefore always Balance sheet 2011 (millions of euros) Assets 2011 2010 A. Fixed assets 465.9 439.6 I. Intangible assets 2.8 2.8 II. Tangible assets 462.9 436.6 III. Financial assets 0.2 0.2 B. Current assets 806.3 629.4 I. Inventories 37.2 17.2 II. Accounts receivable and other assets 21.6 19.4 III. Government equity to balance the books 708.2 563.9 IV. Cash on hand and on deposit with the Deutsche Bundesbank, cash at credit institutions, cheques 39.3 28.6 C. Accruals and deferrals 25.3 65.4 Total assets 1,297.5 1,134.4 Liabilities 2011 2010 A. Equity capital 0.5 0.5 B. Special items for subsidies 543.3 534.5 I. on fixed assets 465.4 439.1 II. on current assets 77.9 95.4 C. Provisions 698.2 554.3 I. Decommissioning and disposal of nuclear installations 452.5 495.7 II. Pensions and miscellaneous 57.1 58.6 III. Provisions for taxation 188.6 0.0 D. Accounts payable 54.9 44.6 E. Accruals and deferrals 0.6 0.5 Total liabilities 1,297.5 1,134.4 ceives third-party funding from industry, project funding from the federal and state governments, and research funds from the European Union. Forschungszentrum Jülich | Annual Report 2011