Notes to the statement of income and expenditure

The BOIP registered a substantial operating loss of € 1,157,306 (2011: operating surplus € 18,004). An accounting mutation at the instigation of the auditor was one of the main causes. Turnover from filings saw a one-off reduction of € 621,000 as a result of that. Service turnover is generated upon publication or, in the absence of publication, upon receipt of payment.

Turnover

• Turnover fell to € 13,089,000, compared to € 13,797,000 in 2011. The main causes are a lower turnover for renewals and CaribIE and the aforementioned drop in turnover from filings.
• The number of oppositions rose to 1,119 (2011: 1,086). At € 671,000, turnover was virtually the same (2011: € 672,000).
• Turnover for i-DEPOTs grew to € 220,000, compared to € 205,000 in 2011. This rise is attributable in full to the individual i-DEPOTs.

Costs

• At € 11,277,000, staff costs were slightly higher than the € 11,048,000 of 2011. This is the result of higher pension costs and social security contributions.
• Depreciation costs dropped to € 796,000 (2011: € 1,023,000) as a number of large projects from 2007 (opposition, i-DEPOT) have now been depreciated in full.
• Miscellaneous expenses increased to € 2,683,000 during the reporting year as a result of higher costs related to the patent collaboration. Disregarding this change, costs rose by 4% as a result of the costs for the recent successful start of the Trademark Campaign.

Financial income and expenditure

The financial income amounts to € 510,000 (2011: € 451,000). In addition to the investment portfolio value recognised on the balance sheet, an unrealised gain (market value minus acquisition value) of € 1,406,000 was posted (2011: € 622,000).