Annual Financial Report 2009
Liabilities
Equity
General reserve
This reserve acts as a capital buffer. The operating result of the Income and Expenditure Account is credited
or charged to this reserve.
Appropriated reserve
The POP reserve covers extraordinary expenses for the training of KIT employees. Each year 0.6% of the gross
salary of KIT employees is fed into the fund in accordance with agreements made with the staff unions.
Expenses are accounted for in the Income and Expenditure Account. They are covered by a release from the
fund. KIT management may not use this fund for other purposes.
17Royal Tropical Institute Annual Financial Report 2009
Total General Appropriated Appropriated Operating
Reserve reserves reserve result
foundations
Balance as of January 1 30,129 29,346 226 74 483
Appropriation of operational results 2008 (2) 481 (483)
Adjustment to appropriated reserve foundations 3 3
Reallocation to/from general reserve 314 314
Operational results 2009 211 211
Balance as of December 31 30,655 29,827 540 77 211
Appropriated reserve Total POP reserve Heritage Tropen
reserve museum
Haiti reserve
Balance as of January 1 226 101 125
Deductions (182) (170) (12)
Additions 496 86 351 59
Balance as of December 31 540 17 464 59
Notes to the Consolidated Balance Sheet as of December 31, 2009
(a m o u n t s in ¤1,000)
18 Royal Tropical Institute Annual Financial Report 2009
Notes to the Consolidated Balance Sheet as of December 31, 2009
(a m o u n t s in ¤1,000)
In 2009, 12 of the Heritage reserve was spent on the project 'shortdocs'. A new heritage of 351 was
received by Tropenmuseum, of which 340 is intended to build up the collection of the Museum. The greater
part of the remaining balance of 124 has been allocated to the celebrations marking the 100 year
anniversary of KIT in 2010.
The Haiti reserve was created during the Voudou exhibition in 2009 by collecting a voluntary ticket tax
and is intended for a new Voudou museum in Haiti. The Tropenmuseum doubled the collected money,
resulting in a reserve of 59.
Appropriated Reserve Foundations
According to Directive 640 on reporting for nonprofit organizations, the equity of foundations cannot be
included in the single accounts because foundations do not have shareholders, and hence cannot be owned.
The Royal Tropical Institute Association manages two foundations and the assets & liabilities and income &
expenses of these two foundations are fully accounted for in the consolidated accounts. The net asset value
of Stichting Tropenmuseum Collectiefonds at the end of 2009 was 54, and the net asset value of Stichting
Eijkman Medaillefonds was 23. The inclusion of the assets and liabilities of these two funds results in a
difference of 77 between the equity of the single accounts and the consolidated accounts of the Royal
Tropical Institute Association.
The provision for redundancy payments was made in 2001 as a result of the obligation to pay monthly
redundancy compensation to inactive personnel up to 2030. Part of it is covered by receipts from the Ministry
of Foreign Affairs. The associated commitment of the Ministry, i.e. 231, is included in the balance sheet (
124 shortterm, 107 longterm). The provision is adjusted annually in line with the salary increases
stipulated in collective labour agreements.
Employees working for KIT for 12,5, 25, 40 or 50 years receive a jubilee allowance. In 2008 a provision
was formed for these payments, which may be paid out in future years.
Total provisions Provision for monthly Provision for jubilee
redundancy pay payments
Balance as of January 1 3,401 3,186 215
Appropriation chargeable to/from the result (998) (998)
Balance as of December 31 2,403 2,188 215
Provisions
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