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[Anual Report 96 :
Table of Contents]

Statements of Activities and Operating Fund
For the years ended 31 December 1996 and 1995
(US $000)

1996

 1995 
Revenue Agreed Research Agenda
Unrestricted Restricted Complementary Total Total
Grants 6,995 1,717 273 8,985 9,022
Other revenues 409 ­ ­ 409 369

Total revenue

 7,404 1,717 273 9,394 9,391
Operating expenses
Research programmes 3,678 1,641 118 5,437 4,637
Research support 1,279 76 155 1,510 2,018
General administration 2,627 ­ ­ 2,627 2,187
Total operating expenses 7,584 1,717 273 9,574 8,842
Excess of expenditure over revenue (180) ­ ­ (180) 549
Operating fund - beginning   4,692  ­  ­  4,692  4,143
Excess of revenue over expenditure (180) ­ ­ (180) 549
Operating fund - ending 4,512 ­ ­ 4,512 4,692
Operating expenses represent:
Personnel costs 3,501 554 ­ 4,055 3,724
Supplies and services 3,180 1,042 271 4,493 4,161
Operational travel 488 121 2 611 645
Depreciation of fixed assets 415 ­ ­ 415 312

Total operating expenses

 7,584 1,717 273 9,574 8,842