1. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads FEDERATION INTERNATIONALE DES VEHICULES ANCIENS FINANCIAL REPORT 2013 – 2014

2. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads GENERAL ASSEMBLY 2014 Budapest, Hungary Treasurer: Stéphane De Smedt Period: September 1 st 2013 – August 31 st 2014.

3. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads AGENDA Introduction by Stéphane De Smedt, treasurer Short history reorganisation FIVA accounting: Hilde De Boeck from Deloitte Fiduciaire Belgium 1.Financial Report 2013-2014 2.Auditor’s report 3.Annual membership fees FIVA 2014-2015 4.Budget 2014-2015 5.Appointment of auditors for 2015- 2016

4. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads Accountancy Deloitte Accountancy is the trusted advisor for growth companies and for finance departments of large companies. Hilde De Boeck Director at Deloitte Fiduciaire

5. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 1.Financial Report 2013-2014

6. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads INCOME 2013-2014 ActualBudget 13/14 Membership fees ………… € 182.079,87 € 180.000,00 Legislation fees ………… € 47.864,54 € 50.000,00 FIVA Events Calendar …… Less events on the calendar than expected € 16.893,63 € 20.000,00 Sales FIVA ID-Cards to ANFs … € 70.963,99 € 66.000,00 Sponsorship of FIVA ……. € 21.000,00 Regalia Sales Shop …… Very little sales; review of the web shop will be made € 427,70 € 2.500,00 Interest income …… € 9.488,19 € 8.000,00 Other income …………… € 767,38 € 2.300,00 Adjustments for e.g., VAT…… € - € -10.000,00 TOTAL INCOME € 349.485,30 € 339.800,00

7. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads EXPENSES 2013-2014 ActualBudget 13/14 LEGISLATION COMMISSION Contract EPPA € 35.566,10 € 45.000,00 Working Group € 4.180,61 € 3.000,00 Statistics Survey … Part of the work has to be done, publications, press release, printing of the results,… The cost for the survey will be written of in 3 years € 48.023,24 € 125.000,00 MEP Meeting Group € 453,40 € 3.500,00 Office (travelling,office) ………… € 2.079,79 € 500,00 Total Legislation € 90.303,14 € € 177.000,00 € TECHNICAL COMMISSION Working Groups,… € 12.063,16 € 15.000,00 travelling + office equipment ……… € 2.357,36 € 5.000,00 Electronic library project …… The cost for the library will be written off in 3 years € 2.855,47 € 14.300,00 FIVA ID Card scanning … € 35.000,00 € 50.000,00 Symposium TC … € 14.278,81 € 24.000,00 Total Technical Commission € 66.554,80 € € 108.300,00€

8. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads COMMUNICATION IT Contracts ……… + work on database € 15.349,67 10.000,00 Electronic newsletter ……… € 1.094,92 2.000,00 Translations ………… € 4.056,44 5.000,00 Printing - Layout ………… The work for the new yearbook will only start in december € 5.405,19 15.000,00 Working group……………….. € 103,78 1.500,00 Promotion e.g., FIVA, exhibitions € 11.997,11 15.000,00 Total Communication € 38.007,11 €48.500,00 STRATEGY Office (travel and office expenses ) € 6.875,20 5.000,00 Other ……… € 621,18 7.000,00 Lawyer Statutes Total Strategy Commission € 7.496,38 €12.000,00 CULTURE COMMISSION Office (travel and office expenses ) … More meetings, handbook Charter, …. € 6.355,51 2.000,00 Charter of Turin € 2.123,00 10.000,00 Total Cultural Commission € 8.478,51 €12.000,00 EXPENSES 2013-2014 ActualBudget 13/14

9. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads MOTORCYCLE COMMISSION Office (travel and office expenses ) € 2.100,00 1.000,00 Other Marketing for motorcycle events € 2.125,19 9.000,00 Total Motorcycle Commission 4.225,19 € 10.000,00 € EVENTS COMMISSION Working Group, seminars There was no Steward seminar, reported to 2015 € 2.830,25 6.500,00 Office (travelling, office, ) € 1.069,63 2.000,00 Total Events Commission 3.899,88 € 8.500,00 € UTILITARIAN COMMISSION Office (travel and office expenses ) € - 1.500,00 Other … € - 4.500,00 Total Utilitarian Commission - 6.000,00 € EXPENSES 2013-2014 ActualBudget 13/14

10. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads TRADE & SKILLS COMMISSION Office (travel and office expenses ) … € 19,01 2.500,00 Other … € 947,90 500,00 Total Trade & Skills Comission € 966,91 € 3.000,00 EXTERNAL RELATIONS Travel, meetings 700,00 Membership fee FIA … € 222,00 300,00 Total External Relations € 222,00 € 1.000,00 ActualBudget 13/14 EXPENSES 2013-2014

11. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads ActualBudget 13/14 EXPENSES 2013-2014 General Operational Costs Office Bruxelles Stamps/UPS Rental office Phone/fax/Internet Fee office manager Material, parking,….. ……. 5.025,00 6.974,76 1.023,29 30.908,01 2.254,58 € 46.185,64 55.000,00 General Committee Additional meetings and full payment of travel expenses for General Committee members € 54.337,50 30.000,00 President … € 19.161,40 20.000,00 General Assembly Cost for coffee breaks between meetings, rental meeting rooms and equipment are getting very expensive. € 40.120,18 10.000,00 FIVA internal auditors € 5.329,98 5.000,00 Membership … € - 2.000,00 Treasurer (office/representation ) € 1.776,32 2.000,00 Insurances € 158,40 2.000,00 Depreciation … € 3.382,68 1.600,00 Bank charges … € 2.153,16 500,00

12. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads ActualBudget 13/14 EXPENSES 2013-2014 Director General * 4 months Budget was not used yet, reported to 2014-2015 20.000,00 BDO services € 3.752,83 10.000,00 Accounting & consulting Deloitte Accounting for 1 year + research on obligations of FIVA, VAT, … € 18.119,55 5.000,00 Stock movement € 2.375,20 Provision doubtful debtors € 22.442,60 Total General Operational costs € 219.295,44 163.100,00

13. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads ActualBudget 13/14 TOTAL EXPENSES € 439.449,36€ 549,400,00 TOTAL INCOME € 349.485,30€ 339,800,00 Total Loss 2013 – 2014 € -89.964.06 € -209.600,00 RESULT 2013-2014

14. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads PROFIT AND LOSS ACCOUNT 31/08/201431/08/2013 Turnover 339.730,93 €378.273,83 € Stock movement -2.375,20 €-2.385,07 € Services & Miscellaneous goods -401.284,42 €-214.024,06 € Gross Earnings-63.928,69161.864,70 € Depreciations Write-off: Trade debtors receivable -11.193,98 € -22.442,60 € -1.576,64 € Financial Income 9.754,37 €6.763,00 € Financial charges -809,84 €-892,91 € Withholding tax -1.343,32 Profit/Loss for the period-89.964,06 €166.158,15 €

15. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads CASH AT BANK AND IN HAND on 31/8/2014 General Total 977.732,84 € BNP PARIBAS FORTIS 27.889,35 € BNP PARIBAS FORTIS Saving account 948.562,21 € This amount will be split into a second account at ING Bank CASH 1.281,28 €

16. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 2. AUDITOR’S REPORT The auditor’s report Marianne Waplan and Gerd Hagemeier

17. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads Acceptance of the accounts We have to vote on the acceptance of the proposed Accounts

18. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 3. Annual FIVA membership fees 2014-2015 There will be no change in the annual fees for the Next period. ( based on the updated European rate of inflation)

19. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads Actual figures BUDGET TOTALS 2014-2015 Membership fees ………… € 182.079,87 € 170.000,00 Legislation fees ………… € 47.864,54 € 50.000,00 FIVA Events Calendar …… € 16.893,63 € 16.500,00 Sales FIVA ID-Cards to ANFs … The GC has decided in its meeting in September to raise the price of the FIVA ID Card with 5 Euro. Price will be 30 Euro VAT 6% included as from January 1 st 2015 € 70.963,99 € 70.000,00 Sponsorship of FIVA ……. € 21.000,00 Regalia Sales Shop …… We will work on the layout of the web shop and promote the FIVA Shop via our newsletters € 427,70 € 1.000,00 Interest income …… € 9.488,19 € 8.000,00 Other income …………… € 767,38 € 2.000,00 TOTAL INCOME € 349.485,30 € 338.500,00 INCOME 4. Budget 2014 - 2015

20. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 4. Budget 2014 - 2015 LEGISLATION COMMISSION Contract EPPA € 35.566,10 € 45.000,00 Working Group € 4.180,61 € 4.000,00 Statistics Survey … Second part of activities to be done: press conference, printing results, information to our members,…. € 48.023,24 € 75.000,00 MEP Meeting Group € 453,40 € 3.500,00 Office (travelling,office) ………… € 2.079,79 € 2.200,00 Total Legislation € 90.303,14 € 129.700,00 € TECHNICAL COMMISSION Working Groups, Seminar … € 12.063,16 € 7.500,00 travelling office equipment ……… € 2.357,36 € 5.000,00 Electronic library project …… Scanning of new stock of books € 2.855,47 € 7.500,00 FIVA ID Card scanning … Total amount will be 50.000 euro : 35.000 past year + 15.000 for this budget € 35.000,00 € 15.000,00 Symposium TC … € 14.278,81 € 12.000,00 Printing new stock ID cards € 3.000,00 Total Technical Commission € 66.554,80 € 50.000,00 € EXPENSES Figures 2013-2014 BUDGET TOTALS 2014-2015

21. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads COMMUNICATION IT Contracts ……… Last part of the FIVA Database € 15.349,67 € 17.500,00 Electronic newsletter ……… Will be send out via the new database so no cost anymore € 1.094,92 € - Translations ………… € 4.056,44 € 5.000,00 Printing - Layout ………… Yearbook € 5.405,19 € 15.000,00 Working group……………….. € 103,78 € 2.000,00 Promotion e.g., FIVA, exhibitions € 11.997,11 € 10.000,00 Total Communication € 38.007,11 € 49.500,00 € STRATEGY Office (travel and office expenses ) € 6.875,20 € 5.000,00 Other ……… € 621,18 € 3.000,00 Lawyer for Statutes € 10.000,00 Total Strategy Commission € 7.496,38 € 18.000,00 € 4. Budget 2014 - 2015 EXPENSES Actual figures BUDGET TOTALS 2014-2015

22. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads MOTORCYCLE COMMISSION Office (travel and office expenses ) € 2.100,00 € 5,000,00 Other € 2.125,19 € 5.000,00 Total Motorcycle Commission 4.225,19 € 10.000,00 € EVENTS COMMISSION Working Group, seminars € 2.830,25 € 5.400,00 Office (travelling, office, ) € 1.069,63 € 2.000,00 Steward seminar € 4.000,00 Total Events Commission 3.899,88 € 11.400,00 € 4. Budget 2014 - 2015 EXPENSES Actual figures BUDGET TOTALS 2014-2015 CULTURE COMMISSION Office (travel and office expenses ) … € 6.355,51 € 2.000,00 Unesco € 2.123,00 € 10.000,00 50th Anniversary FIVA Book with the history of FIVA € 18.000,00 Total Cultural Commission € 8.478,51 € 30.000,00 €

23. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 4. Budget 2014 - 2015 EXPENSES TRADE & SKILLS COMMISSION Office (travel and office expenses ) … € 19,01 € 2.500,00 Other … € 947,90 € 500,00 Total Trade & Skills Comission € 966,91 € 3.000,00 EXTERNAL RELATIONS Travel, meetings € 1.000,00 Membership fee FIA … € 222,00 € 300,00 Total External Relations € 222,00 € 1.300,00 Actual figures BUDGET TOTALS 2014-2015 UTILITARIAN COMMISSION Office (travel and office expenses ) € - € 4.500,00 Other … € - € 4.500,00 Total Utilitarian Commission - 9.000,00 €

24. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 4. Budget 2014 - 2015 EXPENSES General Operating Expenses Office Bruxelles Stamps/UPS Rental office Phone/fax/Internet Fee office manager Material, parking….. 5.025,00 6.974,76 1.023,29 30.908,01 2.254,58 € 46.185,64 7.500,00 € 7.000,00 € 1.500,00 € 35.000,00 € 4.000,00 € € 55.000,00 General Committee € 54.337,50 € 55.000,00 President … € 19.161,40 € 20.000,00 General Assembly € 40.120,18 € 20.000,00 Actual figures BUDGET TOTALS 2014-2015

25. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads FIVA internal auditors € 5.329,98 € 5.000,00 Membership … € - € 2.000,00 Treasurer (office/representation € 1.776,32 € 2.000,00 Insurances New contract with extra protection for GC members and FIVA in general is in a final stage € 158,40 € 5.000,00 Depreciation … € 3.382,68 € 1.000,00 Bank charges … € 2.153,16 € 1.500,00

26. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads External Consultancy € 25.000,00 BDO services Research about legal obligations in France € 3.752,83 € 10.000,00 Accounting for 1 year € 18.119,55 € 10.000,00 Stock movement € 2.375,20 Provision for doubtful debtors € 22.442,60 Total General Operational costs € 219.295,44 € 211.500,00 4. Budget 2014 - 2015 EXPENSES Actual figures BUDGET TOTALS 2014-2015

27. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads TOTAL EXPENSES € 439.449,36 € 523.400,00 TOTAL INCOME € 349.485,30 € 338.500,00 Total loss € -89.964,06€ -184.900,00 4. Budget 2014 - 2015 Actual figures BUDGET TOTALS 2014-2015

28. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads Acceptance of the budget 2014-2015. The General Assembly has to vote on the acceptance of the proposed budget.

29. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads 5. Auditors for 2014-2015 and election Gerd Hagemeier (Lux) was elected two years ago and becomes 1st for 2014-2015 2nd for 2014-2015 and 1st for 2015-2016: Bernhard Jühe (D), Who was elected last year Bernhard Jühe was 1st auditor last year. New candidates: 2nd for 2015-2016 and 1st for 2016-2017 Marianne Waplan (SE) Who was first auditor this year

30. www.fiva.org Yesterday’s Vehicles on Tomorrow’s roads We thank all the members, board members, commission members and the auditors for their positive collaboration. Thank you for your attention