Report from the Honorary Treasurer

Table of Contents

For the fourth year in a row the profit and loss account shows a significant surplus. The surplus for the year 2003 was £ 8.448 (app. €12.000 ). Also the end of the year status for 2004 is very positive and can be seen in the next issue of the newsletter. Together with the surpluses of the previous years this more than balances previous losses. Our federation is healthy from an economical point of view.

Our main income arises from EUROSON Schools, EUROSON Congresses and from the subscriptions from our member societies. Our single highest expenditure has been publishing and mailing of the EFSUMB newsletter. This expenditure is, however, declining since the newsletter is now integrated within the journal: European Journal of Ultrasound/ Ultraschall in der Medizin. The rate of the US dollar and the pound sterling against the euro has also positively influenced our finances.

The profit and loss account for the year 2003 and the budget for the year 2005 are shown elsewhere together with the membership status at the end of 2004. The Hon. Treasurer is grateful for the member subscriptions paid on time and encourages those Societies who have not yet paid on behalf of their members to do so immediately.

Niels Juul

Honorary Treasurer EFSUMB