Annual report Helpcode Italia - EN

only when paid. Resources sent by the Administration
for creation of projects and donations received in loco
from private subjects are registered when cashed.
• Starting this year in Italian accounting there are also
the final balances of the banks and the cash treasuries
in loco, and allocated in a precise way in the Balance
Sheet under Cash and Carry Equivalents
• Upon closing of the Financial Statement, amortizations
of assets are duly noted.
2.3 CRITERIA FOR EVALUATION
The criteria for evaluation adopted correspond to those
provided for by Art. 2426 of the Civil Code.
In case said principles were held to be incompatible with
the Association’s activity, different criteria were applied determined
on the basis of reference practices for non-profit
associations operating in the same sector as Helpcode.
Intangible Assets
Intangible assets are registered at cost and capitalized in
the profits of the Balance Sheet with the consensus of the
Board of Auditors. They are amortized starting with the fiscal
year in which they appear available, taking into consideration
the future usability attributable to the investments
performed.
Tangible Assets
Tangible assets are registered at purchase price and capitalized
in the profits of the Balance Sheet and rectified by the
corresponding amortization funds.
Amortizations are determined and ascribed to the Balance
Sheet on the basis of tax rates provided for by the regulations
currently in force (Art. 102 DPF 917/86), held to be
representative of the economic-technical duration of the
capital assets and their effective use. For assets that were
newly acquired and entered into use over the course of the
fiscal year, amortization reduced in the measure of 50% of
the legal tax rate was applied.
Inventory
An inventory was taken, said inventory deriving from commercial
and e-commerce activity, the latter having been
started up by the Association in the previous year.
Receivables
Receivables are registered at nominal value, rectified when
necessary in order to bring them back to their fair value.
Cash and Carry Equivalents
Cash and carry equivalents are registered at their nominal
value. The entries that are in foreign currency that is different
from the Euro, possibly in existence at the closing date
of the financial statement, shall be converted into Euros
using the INFOREURO exchange.
Accruals and Deferrals
These have been determined following the principle of accounting
and timing of the fiscal year.
Severance Packages and Benefits
This represents the effective debt matured as regards employees
at the end of the fiscal year. It is determined in
observance of the regulations of law and labor contracts
currently in force.
Debts
Debts are reported in the balance sheet at their nominal
value.
Revenues and Charges
Revenues and charges are reported in the balance sheet
according to criteria of relevance and prudence.
2.4 COMMENTS TO THE MAIN LINE ITEMS
OF THE FINANCIAL STATEMENT
B. ASSETS
I. Intangible Assets
PROFITS
Balance as of 31/12/2021 € 26,325
Balance as of 31/12/2020 € 32,805
Variantions € (6,480)
The item “intangible assets” is made up of:
Descriprion
Original
value
Depreciation
Fund
Net
New Brand 49,227 (48,885) 342
Software licences 117,382 (104,182) 13,200
Expenses for
restructuring
headquarters
Expenses for
restructuring store
ISO 9001
Certification
Costs from
depreciation
5,806 (5,806) 0
0 0 0
0 0 0
13,532 (9,019) 4,513
Web site 76,483 (68,675) 7,808
Local intranet 0 0 0
Branding 8,527 (8,065) 462
Total 270,957 (244,633) 26,325
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ANNUAL REPORT 2021