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Financials - Annual Report 2024
3 July, 2025
| Income | 2023 | 2024 |
|---|---|---|
| CoRE funding | $6,400,000.00 | $6,400,000.00 |
| Surplus carried forward | $2,888,688.94 | $2,066,898.02 |
| Total income
|
$9,288,688.94
|
$8,466,898.02
|
| Salaries and salary related costs | 2023 | 2024 |
| Directors and Principal Investigators | $746,753.80 | $1,069,554.62 |
| Associate Investigators | -- | -- |
| Post-Doctoral Fellows | $1,066,925.65 | $663,818.46 |
| Research/Technical Assistants | $280,955.99 | $663,419.15 |
| Others | $525,829.50 | $623,797.55 |
| Total salaries & salary-related costs | $2,620,464.94 | $3,020,589.78 |
| Other costs | 2023 | 2024 |
| Overheads | $935,071.53 | $1,911,786.86 |
| Project costs | $1,476,764.02 | $2,330,502.16 |
| Travel | $175,870.33 | $108,731.90 |
| Postgraduate students | $1,988,722.90 | $1,020,430.24 |
| Equipment depreciation/rental | $24,897.21 | $55,055.00 |
| Subcontractors | -- | -- |
| Extraordinary expenditure | -- | -- |
| Total other costs | $4,601,325.98 | $5,426,506.16 |
| Late partner invoices to be paid out in following financial year
|
$1,135,117.10
|
--
|
| Total CoRE expenditure | 2023 | 2024 |
| Total expenses | $7,221,790.92 | $8,447,095.94 |
| with late invoices | $8,356,908.02 | -- |
| Net surplus/(deficit) | $2,066,898.02 | $19,802.08 |
| with late invoices | $931,780.92 | -- |
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