2013 Summary financial statements - Income statement

Notes to the income statement

The BOIP recorded a positive operating result of EUR 449,000 (2012: EUR 373,000 negative). The improved operating result is attributable to one-off income in the revenue streams filings and renewals. Service turnover is generated upon publication or, in the absence of publication, upon receipt of payment.

  • Revenue relates to the services rendered in the financial year. Revenues from services are recognised in proportion to the services rendered, based on the cost incurred in respect of the services performed up to balance sheet date, in proportion to the estimated costs of the aggregate services to be performed. The cost price of these services is allocated to the same period. If the bottom-line result of a service cannot be determined in a reliable manner, but is expected to be positive, only the revenue amounting to the sum of the costs is recognised. If these costs cannot be determined reliably, revenues are not recognised in

 

  • the interim period but on completion of the service. However, the costs already incurred have already been recognised in the Income statement.
  • The BOIP has a defined contribution pension scheme and pays the contributions to Aegon, the pension administrator, on an annual basis.
  • Turnover increased to EUR 13,604,000 (2012: EUR 13,088,000).The increase is mainly caused by a higher turnover of filings (due to the fact that a negative adjustment, which was the case in 2012 is not applicable in 2013), renewals (the release of work in process arising from a new online procedure) and designs.
  • The staff costs 2013 amounting to EUR 10,970,000 are slightly lower than 2012 amounting to EUR 11,277,000. This is attributable to lower social security contributions, the costs of externally hired personnel and the costs of courses.

 

  • The level of depreciation costs amounting to EUR 800,000 (2012: EUR 796,000) remained the same in comparison to the prior year.
  • The other costs 2013 declined to EUR 2,146,000 (2012: EUR 2,682,000) as a result of less costs regarding the Benelux Patent Platform. With the Benelux Patent Platform project having entered the construction phase, the majority of the costs have been capitalized.