Having prepared the annual accounts for g10 code GmbH, the legal entity employing some of the GnuPG hackers, I can now share a financial report. Please read on if you are interested in how we earned and spent the money from donations and paid projects.

Let us start by looking at the balance sheet, which describes our financial status. The following table shows the actual balance sheet with a few accounts pooled up. Note that for display purposes all values have been rounded to a full Euro, and thus there are minor mismatches in the Sums row.

Asset (2015) Liability (2015) Tangible assets 4722 (3880) Stock of goods 0 (0) Cash balance 154 (360) Bank balance KSD 282163 (207453) PayPal and others balance 7001 (3842) Accounts receivable 10702 (4774) Accounts receivable other 150 (497) Common capital stock 25000 (25000) Loss carried forward 0 (0) Profit carried forward 126688 (11338) Net profit 98958 (115350) Shareholder loans 0 (0) Accounts payable 323 (0) Accounts payable other 53850 (27974) GnuPG development fund 72 (72) Provision for taxes 0 (41070) Sums 304891 (220804) 304891 (220804)

The Bank balance KSD is the money that we had at the end of the year in our accounts at the local savings bank. The PayPal row gives the amount of money in the PayPal account and as several prepaid accounts.

From the Common capital stock of 25000 Euro 50% are held by Walter Koch and 50% by Werner Koch, the owners of g10code. The Net profit gained in 2015 is added to Profit carried forward.

The Accounts payable other is my profit sharing bonus of 24739 and VAT payable for the last quarter. The GnuPG development fund is the rest of a campaign which collected prize money for the GnuPG logo.