UEG Annual Report 2020 - 68

UEG Annual Report 2020
Message of the Treasurer
You are aware that the COVID-19 pandemic and its consequences
induced an extremely challenging year 2020, which implied the
need to transform the onsite UEG Week into a virtual congress
at rather short notice, and to perform a fundamental reorganisation
of our Education programme. UEG reacted well and made
early decisions, and we reduced some of our activities and
support programmes as well as implemented other cost cuts.
Even though our income was reduced to about a half of that
in the previous years, the implementation of our contingency
measures helped to achieve an only moderate negative consolidated
outcome of € - 202.615 after taxes, despite the adverse
circumstances. UEG continues to be debt-free and to have a
solid financial basis for a sustainable future. Nonetheless, we are
well aware that we need to continuously review our expenditure
structure and develop new concepts for hybrid events and learning
environment to achieve balanced budgets and future growth.
1
Dear Colleagues,
As Treasurer of United European Gastroenterology (UEG), it is
my pleasure to provide you with the Treasurer Report for the
financial year 2020. UEG is a professional non-profit association.
Our bylaws constitute the legal basis for the operation of the
organisation. UEG is established in Vienna, Austria and complies
with the legal rules of the Austrian Law of Associations, incorporated
with Nr. 570340662 in the Austrian Register of Associations.
Our accounts comply with Austrian fiscal provisions. The administrative
and legal structure comprises the charitable non-profit
organisation, as well as UEG limited liability company (GmbH)
running commercial activities, which is a 100% subsidiary of the
non-profit organisation.
To provide a better overview, our financial report shows consolidated
outcome with explanations on our income and expenditure
situation in 2020. The financial statements of both the UEG
non-profit organsation and the limited liability company have
been audited. I am delighted to share that the Austrian certified
auditing company BBW performing the external audit provided
a favourable opinion without any reservations. BBW confirmed
that our bookkeeping, internal processes and final statements
are fully accurate. Our internal auditors Professor Andrea Laghi
and Professor Philippe van Hootegem confirmed that our finances
are in good shape and our financial management is performed
accurately. I wish to express special thanks to our Internal Auditors
for their dedicated support from 2017 until 2021.
Berthold Koletzko
UEG Treasurer
1 Treasurer Berthold Koletzko
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UEG Annual Report 2020

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