Finance Analysis AIESEC in Ukraine 2008-2009 01st of July 2008 – 30th of June 2009

*Finance report is compiled in Ukrainian hryvnas (uah/грн.)

Balance sheet

Expenses planned done

Administrative Costs 154017,52 116754,4

Representative Costs

125119 2784

MC+NST 106594,25 44775,56

Conferences 102808,29 79946,08

Paybacks and Debts 91096,07 83087

TOTAL 579635,13 327347

As a result of the end of MC term and finance year we had following finance situation: 01.07.2008 30.06.2009

Cash and Bank account 29760 47880

Paybacks -26999,44 0

MC account (virtual account) -25235,23 -327,8

Total cost AIESEC in Ukraine -22474,67 47552,2

36%

1%14%

24%

25%

Analysis of Expenses (fact)

Administrative Costs Representative Costs MC+NST

Conferences Paybacks and Debts

Revenues planned done

Companies 383702 285475,7

MC X (TN, EP) 28800 14000

LC fees 28452,17 77251,37

TOTAL 440954,17 375227

Main considerations:

Majority of expenses items are Internal AIESEC expenses: Administrative costs and generated in the past few years paybacks and debts, that almost equal to the costs of all Conferences.

Still having 2/3 of incomes coming from corporate sector, this percent has significantly decreased from more than 90% (as it was at the beginning of 08-09 term). And this is also can be considered as a good improvement, taking into consideration that MC account (virtual debt to LCs) was paid back to LCs during the 08-09 term.

76%

4%

20%

Analysis of Revenues (fact)

Companies

MC X (TN, EP)

LC fees