This report is an interim balance
sheet for covering the first six months of 2003, from January 1, 2003 to
June 30, 2003.
The Hume Society has four accounts
with the Agricultural Bank of Iceland. Activity on each account is
listed separately first, and a summary of all accounts with U.S. dollar
equivalencies is then presented (with conversions based on June 30, 2003
exchange rates).
US Dollar Account
|
Balance carried forward |
$34, 231.72 |
|
Credits
(January 1, 2003 - June 30, 2003) |
|
|
Dues payments |
$1,766.17 |
|
Transfer from ISK accounts |
$8,181.07 |
|
Total credits |
$9,947.24 |
|
Debits |
|
|
Travel Expenses (Traiger) to
Set up Business Offices |
-$837.42
|
|
Domain name renewal fee |
-$49.75 |
|
Reimbursement for Hume
Studies Archive Work |
-$240.00 |
|
Wire Transfer Fee |
-$4.78 |
|
Total Debits |
-$1,131.95 |
|
Closing Balance (June 30, 2003) |
$43,047.01 |
Visa (Iceland) Account
(in ISK*)
|
Balance Carried Forward (January
1, 2003) |
ISK 55,408.31 |
*$724.29 |
|
Credits |
|
|
|
Dues Deposited |
ISK 395, 922.00 |
$5,175.45 |
|
Debits |
|
|
|
Service Charges |
ISK 450.00 |
-$5.88 |
|
Transfer to US Dollar Account |
ISK
400,000.00 |
-$5,228.75 |
|
Total debits |
ISK 400,450.00
|
-$5,234.64
|
|
Closing Balance (June 30,2003) |
ISK 50,880.31 |
$665.10 |
* U.S. Dollar
Equivalencies are based on the exchange rate of June 30, 2003 ( 1 USD =
ISK 76.5)
MasterCard
(Iceland) Account (in ISK)
|
Balance carried forward (Jan. 1,
2003) |
ISK 118,479.28 |
*$1,548.75 |
|
Credits |
|
|
|
Dues deposited |
ISK 108,697.00 |
$1,420.88 |
|
Debits |
|
|
|
Setting up Business Office
(Local expenses) |
ISK 5,340.00 |
-$69.80 |
|
Transfer to US Dollar Account |
ISK
200,000.00 |
-$2,614.38 |
|
Total Debits |
ISK
205,340.00 |
-$2,684.18 |
|
Closing Balance (June 30, 2003) |
ISK 21,836.28 |
$285.44 |
* U.S. Dollar
Equivalencies are based on the exchange rate of June 30, 2003 ( 1 USD =
ISK 76.5)
Euro Account
|
Balance (January 1, 2003) |
EUR 1,734.23 |
*$1,981.98 |
|
Credits |
|
|
|
Dues deposited (checks) |
33.00 |
$37.71 |
|
Debits |
0 |
0 |
|
Closing Balance (June 30, 2003) |
1, 767.23 |
$2,019.69 |
U.S. Dollar
Equivalencies are based on the exchange rate on June 30, 2003 of 1USD =
EUR 0.875.
All Accounts Summary*
|
Balance Carried Forward (January 1,
2003) |
$38,486.74 |
|
Credits |
|
|
Dues |
$8,400.21 |
|
Debits |
|
|
Setting up Business Office
|
-$907.22 |
|
Domain name renewal fee |
-$49.75 |
|
Hume Studies
Archive Work |
-$240.00 |
|
Service Charges |
-$10.66 |
|
Total Debits |
-1,207.63
|
Total Assets as of June 30, 2003
|
$45, 679.32 |
|
Respectfully Submitted, Corliss G. Swain |
|
