Annual Update 2018 VNG International
The total turnover of VNG International in 2017 amounts to 21,983,000 Euro. 80.5 % of the turnover comes from our three biggest sources, being the Dutch Ministry of Foreign Affairs, the World Bank, and the European Commission. Other international sources account for another 13.8 %. The fiscal year was finalised with a positive result of 336,000 Euro before taxation. The remaining amount will be used to strengthen democratic local government, including a contribution of 75,000 euro to the VNG Fund for Emergency Aid, Reconstruction and Peacebuilding, which was established early 2018. This year, 2018, is – also in financial terms – developing according to our expectations.
> See also: Financial Statement 2017