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ESE's today

Annual Report 2009


ESE's

today

The history of the Erasmus School of Economics goes back to the year 1913 when the ‘Nederlandsche Handels-Hoogeschool’ (Netherlands School of Commerce) was established by several entrepreneurial Rotterdam businessmen with the aim to bring economics and business to a higher level by way of scientific methods. In 1939 the School changed names and became known as the ‘Nederlandse Economische Hogeschool’ (Netherlands School of Economics). The name change did not mean a change in the practice orientated way of teaching. Education and research remained its primary focus. By 1973 the Netherlands School of Economics became Erasmus University Rotterdam, merging the medical campus Hoboken and the social campus Woudestein. Its aim was the establishment of a vigorous and flourishing university with a prominent Erasmus School of Economics. Nowadays the Erasmus School of Economics is an internationally renowned institute that contributes scientific knowledge to future economic issues and aims to answer currently relevant issues of concern to government and firms. We incorporate a wide range of economic expertise as well as keeping strong ties with the regional and international markets. In this part of the annual report we will give you a general survey of all the elements of our School.

ESE's today

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1. General survey

General survey

A. ESE-organisation: lean and mean The Erasmus School of Economics strategically has a clear focus on economics. It is the only school in the Netherlands which explicitly educates business economics. All faculty members are involved in both research and teaching. This allows the ESE to thrive. The internal ESE organisation is essentially designed per scientific section, but also shows signs of a matrix organisation. The organisation of the primary processes of the ESE is designed along two axes, known as the scientific axis and the educational axis. Centred within the scientific/knowledge axis are the departments; the education management can be found within the educational axis. The ESE activities are mainly organised and directed from within its four departments as well as the education management. The ESE aims to group all its fundamental research in its two research schools accredited by the Royal Netherlands Academy of Arts & Science (KNAW): the Tinbergen Institute (TI) and the Erasmus Research Institute of Management (ERIM). Both research institutes are viewed as instruments involved in the execution of the School’s research policy. Regarding its contract funding (education and research), the ESE is supported by a group of private limited companies which are in turn, part of EUR Holding Ltd.

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Organogram

General survey

Dean

Vice Dean

Tinbergen Institute Erasmus Research Institute of Management

Administration Office ESE

Student Council

Education Management

Examination Board Research Advisory Board

Research Institutes

Education Committees Departments

Economics

Business Economics

Econometrics

Applied Economics

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General survey

B. Statistics of ESE

Students Registered students Exchange students

2009/10

2008/09

2007/08

2006/07

2005/06

4.470

4.248

4.258

4.396

4.579

99

108

147

116

140

51

53

51

49

51

Partner universities that participate in student exchange

Education programmes 4 Bachelor programmes (BSc)

BSc Economics and Business Economics (including an International Bachelor in Economics and Business Economics, IBEB) BSc Econometrics and Management Science BSc Economics and Taxation BSc Economics and Information Science

4 Master programmes (MSc) 2 Research Masters (MSc)

MSc Economics and Business (E) MSc Econometrics and Management Science (E) MSc Economics and Taxation MSc Econometrics and Informatics (E) MSc/MPhil in Economics MSc/MPhil in Business Research

17 Post -experience programmes

Affiliated research institutes 2 research schools

Tinbergen Institute (TI)

Erasmus Research Institute of Management (ERIM)

6 research programmes

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Finance and Accounting and International Markets Markets, Organisation and Government Applied Economics Econometrics Marketing Management Science


Membership Research Schools (%) Fellows/members of TI and/or ERIM

2009

2008

2007

2006

Target

71

61.2

63.4

61

80

2009

2008

2007

2006

2005

15

26

24

22

24

2009

2008

2007

2006

2005

29,043

27,249

24,837

23,009

24,733

1,518

1,683

1,557

359

241

2009

2008

2007

2006

2005

Numbers of PhD theses Numbers of PhD theses

Finance Finance (x1000)

Personnel ESE Personnel (31/12) Numbers FTE

405

361

371

322

314

279,97

258,7

258,4

242,3

230,6

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General survey

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2. Social annual report

Social annual report

A. Development of personnel In the 2008 Annual Report it was mentioned that ESE still had a number of job openings. The figures for 2009 show that, in spite of a very tight labour market for economists, the vacancies have at least partially been filled. On the reference date, December 31st 2008, 361 people (258.68 FTE) were appointed in ESE. On this same date in 2009, 405 people had been appointed (279.97 FTE). One of the goals set is to have 80 PhD students appointed in ESE at any given point in time. By the end of 2009, this goal was achieved, even more than that, 81 PhD students had been appointed by that time. This is an increase as compared to 2008 (at the reference date in 2008, 70 PhD-students had been appointed).

Development of personnel (Numbers and FTE) 450 400 350 300 250 200 150 100 50 Numbers of ESE staff Numbers of female staff FTE (total) FTE (female)

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0

2005

2006

2007

2008

2009

314

322

371

361

405

91

92

116

113

134

230.6

242,4

258,4

258,68

279,97

63,2

65,1

72,75

78,35

88,4


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In 2009 a total of 55 new employees have been appointed in ESE (because some Social annual report

employees also left ESE during the year, this figure does not add up to the total difference between the number of employees on the two reference dates in 2008 and 2009). Fourteen of them were appointed to a position in the category support staff and 25 were appointed in a position of PhD-student. ESE also appointed 3 new endowed professors, 1 associate professor and 12 new assistant professors. Introduction meetings Since October 2006, ESE has organized introduction meetings for newly acquired staff to help to get to know each other and the School. In 2008 an evaluation of the total induction policy has been done and based on this, the introduction meeting was revised. In 2009, three introduction meetings have been held according to the new programme. The programme contains both an informative part, with speeches by the Dean and the Vice Dean on the history, strategy and goals of the School, and an interactive part with a speed dating session and a quiz. This is followed by a tour of the campus. During the tour practical information is offered about the facilities and inhabitants of the campus. Furthermore, the most interesting art works that can be found on site are highlighted. The programme is completed with a lunch. These introduction meetings were evaluated positively by the participants. They indicated that it is a good introduction to ESE, campus and colleagues.

Development of numbers of employees 2005 - 2009 per job category 90 80 70 60 50 40 30 20 10

0

full professor

associate professor

assistant professor

mature talent

2005

23.72

17,14

46,96

0

2006

27,7

14,9

52,7

0

2007

27,1

13,4

57,7

3,6

2008

27,15

14

61,11

5,4

2009

35,55

5,7

58

7,6

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By the end of 2009, ESE counted 29 different nationalities among its staff. The percentage of people with a foreign nationality was 22% of all ESE staff. Of the foreign nationals, 49% are EU citizen, and 51 % are Non-EU citizen. All longterm international staff members are offered assistance by a specialised company to help them to settle in to the Netherlands. In 2009 we also ran a trial with a company that assists new staff members’ partners with finding a job in the Netherlands. Furthermore, in 2009 a total revision has been done of the English information provided on the website. Short-term international guests are accommodated in a rented apartment in Rotterdam. This apartment has so far been occupied for 44% of the time, by four different guests. Information about ESE's staff Of the 279.97 FTE that have been appointed as of December 31st 2009, 39% have been appointed on a temporary basis. If student assistants and PhD-students are excluded (they are always appointed on temporary contracts), this figure is reduced to 63%. This is a moderate increase as compared to 2008, when on the date set 59% of the staff was appointed on a temporary basis. As mentioned earlier, ESE strives to attract and retain high quality staff. One of the goals is that all Faculty hold a PhD degree. In 2009 89% of all academic staff (excluding PhDstudents) complied with this qualification. Another goal is that in 2013 all Faculty will be members of either ERIM or TI. In 2009 71% complied with this stipulation. 90 80 70 60 50 40 30 20 10 other academic staff

PhD student

student assistant

support staff

0

7,8

49,2

18,38

67,39

2005

1,8

66,3

17,9

61,1

2006

0

67,6

27,3

60,9

2007

0

69,4

19,28

62,34

2008

0

80,6

26,53

66,99

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Social annual report

Internationalisation


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Social annual report

Distribution of personnel within the departments in number of people and in FTE (between brackets) Department

full professor

associate professor assistant professor

Economics

M F

Business Economics

M F

4 (2.70) 1 (1.00)

17 (12.30) 7 (6.30)

Econometrics

M 11 (8.70) 2 (1.40) F

16 (14.10) 2 (2.00)

Applied Economics

M 8 (6.40) 2 (0.60) F

11 (10.00) 5 (4.00)

Administration Office

M F

Education Management

M F

PhD student

M F

General

M 1 (1.00) F

Total

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11 (6.5) 1 (0.40) 15 (11.45) 1 (0.10)

48 (34.55)

9 (5.70)

9 (7.30) 3 (2.00)

70 (58.00)


mature talent

PhD student

student assistant

support staff

total

1 (1.00)

16 (3.40) 4 (0.80)

1 (0.50) 5 (3.60)

38 (18.70) 13 (6.80)

4 (1.70) 2 (0.60) 9 (6.80)

41 (29.15) 20 (14.80)

1 (1.00)

2 (2.00)

21 (5.38) 7 (1.60)

2 (2.00) 4 (3.40)

54 (33.58) 13 (7.00)

1 (1.00) 1 (1.00)

1 (0.40) 1 (0.20)

1 (1.00) 4 (3.40)

24 (19.40) 11 (8.60)

7 (2.00) 1 (0.20)

12 (11.55) 15 (10.40)

19 (13.55) 16 (10.60)

16 (3.60) 15 (4.35)

11 (9.04) 14 (10.10)

27 (12.64) 29 (14.45)

62 (61.60) 13 (13.00)

62 (61.60) 13 (13.00)

8 (7.60) 8 (7.60)

81 (80.60)

4 (0.95) 5 (1.35)

1 (1.00) 6 (4.20)

6 (2.95) 19 (13.15)

104 (26.53)

85 (66.99)

405 (279.97)

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Social annual report

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Social annual report

B. Diversity As in previous years, one of the focal points of ESE HR policy was to enlarge the diversity of its staff. In 2009 the percentage of women appointed in ESE increased in all academic positions, (except for the PhDs and full / endowed professors). This is due to several newly recruited women and also because of promotions of the women that had already been appointed in ESE.

In 2009 the Mature Talent project continued. The goal of this project is to recruit people who have already gained some working experience in business or with governmental organisations, and give them the opportunity to acquire their PhD in a compressed period of time. They are offered a tenure position, with the ultimate aim of appointing them to the position of associate professor and / or endowed/full professor. In 2009 four new mature talents were recruited, amounting to a total of 10 mature talents that have been recruited in the last three years. Furthermore, the first mature talent successfully completed her PhD thesis and continued to the next step within the tenure track, in a position of assistant professor.

Relative number of female staff per job category (%) 120 100 80 60 40 20

0

full professor

associate professor

assistant professor

mature talent

2005

0

0

8

0

2006

0

0

14

0

2007

0

3

15

100

2008

2

14

23

100

2009

1

18

25

100

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120 100 80 60 40 20 other academic staff

PhD student

student assistant

support staff

total ESE staff

0

21

28

36

57

27

2005

0

22

40

59

27

2006

0

15

38

65

28

2007

0

17

34

63

30

2008

1

17

34

63

32

2009

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Social annual report

C. Age Structure The age structure of ESE is slowly becoming younger. The student assistants are not included in the age structure numbers, as they are not part of the permanent staff and the majority is in the age category of 18-24 years. As can be seen from the following table showing the percentage of people per age group in that year, the percentage of people in the younger age groups has gradually increased over the past years. Although the percentage in the highest age group also increases slightly, the average age is still slowly becoming lower. The demographic development of increased ages is not reflected in our staff.

Development of age rate in time (%) 35

30

25

20

15

10

5

age category < 26

0

2005

2006

2007

2008

2009

8

13

10

11

13

age category 26 - 30

20

22

21

21

22

age category 31 - 40

24

24

29

26

26

age category 41 - 50

26

19

18

18

17

age category 51 - 60

20

21

21

21

18

3

2

3

3

4

age category > 61

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D. Sickness & Health Absence management has a high priority at ESE, and this is reflected in the figures. In 2009, the percentage rate of absence due to illness was 1.72. This is a significant decrease of the percentage as compared to 2008 and is also less than the absence due to illness percentage for the EUR as a whole. The decrease was due to both the reduction of duration of the absence due to illness, as well as the frequency amongst the support staff.

Absence due to illness Traditionally, the absence due to illness is higher amongst support staff than amongst academic staff. In 2009, the figures were nearly the same in both groups. The duration of the absence was longer among academic than among support staff. This shows that among the academic staff there was a smaller group of people who were ill for a longer period of time. The raise in 2009 in the academic staff was almost completely caused by employees staying absent for a longer period than the previous year. They were actively guided during their illness. By the beginning of 2010, most of them were successfully reintegrated. In 2009 one of our employees was granted a so-called â&#x20AC;&#x153;WIA allowanceâ&#x20AC;?, a benefit claim because of long-term illness.

Absence due to illness 2009 (%)

Absence percentage

Duration of absence

Reporting frequency

ESE

EUR

ESE

EUR

academic staff support staff

183

1.45

19.16

14.64

0.49

1.49

3.28

4.99

9.63

0.87

Total

1.72

2.32

10.2 10.89

0.66

1.04

ESE

EUR

0 % absent

ESE

EUR

0.56

72.38

72.75

1.45

80.83

60.4

77.17

65.59

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Social annual report

Development of personnel (Numbers) 4,5 4 3,5 3 2,5 2 1,5 1 0,5

0

2006

2007

2008

2009

academic staff

0,72

1,3

1,82

1,83

support staff

2,77

3,86

4,09

1,49

total ESE staff

1,29

1,93

2,34

1,72

Evacuation programme In 2009 all safety procedures were updated, in particular the plan for evacuating the building in which ESE is situated. Two security officers were allocated per floor. All of these officers participated in building evacuation training, in order to update their knowledge of the procedure. A test evacuation was held in November. All occupants were successfully evacuated from the building. The test also served as an information session on what to do if evacuation should be necessary. The outcome of the test was evaluated and points to improve on have been integrated into the evacuation procedure.

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D. Learning and development To equip all staff members properly for their tasks, the Basic Qualification for Teaching (BQT) and the Academic Leadership Course (ALC) are part of the training program for academic staff. In 2009 a total of twelve assistant professors have attended the BQT, five (assistant) professors attended the ALT. Furthermore, a workshop on the use of theatre techniques in teaching is offered, which has been attended by four academic staff members in 2009. Nine Faculty attended a Media Training. The latter two are very highly appreciated by the participants. For the support staff a Time Management Training and an English Language course have been offered in 2009. Furthermore several members of the support staff attended a computer skills course.

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Social annual report

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Social annual report

F. Other topics

Sir Clive W.J. Granger passed away (1934-2009) At the moment, ESE is looking for a worthy successor for the Henri Theil Chair. His first incumbent was Professor Sir Clive Granger who was awarded the Nobel Memorial Prize in Economic Sciences in 2003. His work fundamentally changed the way economists analyze financial and macro economic data. Clive Granger was a true academic, always full with new ideas and insights and a first class colleague. His audience was inspired by his presentations, the PhD students and staff members loved him because he always made time for them and gave food for thought. His contributions radiated with enthusiasm and accompanied with a great sense of humour had an immense effect on their work. His capacity to write highly readable articles and books and communicate so well with all of us, regardless our academic level, made us very much aware of the vital role that good communication skills play in the transmission of scientific knowledge. Ancillary activities In 2009 a new policy was introduced regarding ancillary activities. The policy entails that only activities carried out outside the scope of the appointment with ESE are considered ancillary activities. Ancillary activities may only be undertaken after approval by the Dean. As the last inventory of ancillary activities was held in 2005 and the authorisation is valid for three years, most requests were due for renewal, so in 2009 all staff handed in a new request for authorisation of ancillary activities. In line with the Dutch law on Publication of Governance (Wet Openbaarheid van Bestuur), the ancillary activities are registered in a system, which is open to the public.

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3. Financial annual report

Financial annual report

A. Introduction The ESE ended the calendar year 2009 with a positive financial result (Kâ&#x201A;Ź 1,518). The ESE has achieved a reserve position of Kâ&#x201A;Ź 3,721 which is 16, 4 % from the budget transferred (Kâ&#x201A;Ź 22,736). The development in income includes an increase in budget transferred (first flow) as well an increase in other income. The rise in first flow budget is the result of an increase of the contribution based on the Delta model. The rise in other income is the result of an increase in second flow of funds (projects funded by the Netherlands Organization for Scientific Research) and more funds from contracts with third parties. In 2009 new staff has been recruited which can be seen in the development of personnel costs. For a continuation of the primary processes, in particular in the field of teaching, external lecturers are being hired.

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Profit and loss statement (in euros x 1000) (1) Budget transferred Education based funding Matching second flow of funds Other budget transferred (2) Other income Within the EUR Within the EUR Holding External Second flow of funds Third flow of funds Total income (3) (3) (3)

Wages and Salaries Pension expenses Social charges Other staff expenses Temporary workers and claimants

Depreciation

Other expenses (4) Within the EUR (5) Within the EUR Holding (6) External

2009

2008

19,376 184 3,176

17,786 196 3,587

895 1,181

903 1,347

743 3,488

648 2,782

29,043

27,249

14,488 1,891 1,329 851 1,326

13,243 1,683 1,057 853 1,709

88

78

2,291 1,659 3,602

2,060 1,486 3,397

Total expenses

27,525

25,566

Result

1,518

1,683

138 110

219 110

Current assets (9) Receivables, prepayments and accrued income Liquid assets

1,416 6,437

1,610 5,072

Total assets

8,102

7,011

3,721 162 492

2,322 299 374

Current liabilities (13) Debts, accruals and deferred income

3,726

4,016

Total liabilities

8,102

7,011

Assets Fixed assets (7) Tangible fixed assets (8) Financial fixed assets

Liabilities (10) (11) (12)

Equity capital Provisions Long-term debts

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Financial annual report

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Financial annual report

B. Notes to the balance sheet and the profit & loss statement The profit and loss statement and balance sheet of the Erasmus School of Economics are shown. Financial transactions with other organisational divisions of the EUR and with private limited companies affiliated with the ESE, which are subsidiaries of the EUR Holding B.V., are shown separately. The assets and liabilities are valued in accordance with the EURâ&#x20AC;&#x2122;s accounting principles. Reference is made to the annual financial report of the EUR.

Budget transferred (1) The budget transferred comprises the share of the government contribution from the Ministry of Education, Culture and Science received by the EUR and allocated to the ESE (the first flow of funds). The model-based allocated budget consists partly of lump-sum amounts for teaching and research. Another part of this model-based budget is dependent on the volume realised on certain performance parameters, such as the number of first-year students, the number of bachelor and master degrees and the number of doctorates awarded. When calculating the performance-dependent amounts, three-year averages are taken. This means that the funds allocated to the School depends on the average of the parameters over the three years prior to the financial year. Besides the model-based budget, the School is also allocated the matching of the EUR of Veni/Vidi/Vici grants as budget (matching second flow of funds). The other budgetary allocations concern amongst other things adjustments for price indexations wages and salaries, development of minors and just as in previous years a contribution from the Executive Board to reform the ESE.

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The other income realised within the EUR and the EUR Holding relates to the use of staff of the ESE in activities of other organisational divisions of EUR (Group). These are primarily: â&#x20AC;˘ Providing education for the International Business Administration of the Rotterdam School of Management, Erasmus University (RSM); â&#x20AC;˘ Payments from the private limited companies affiliated to the ESE for: o Directorships of ESE staff at affiliated private limited companies; o Use of accommodation and from delivery of other services (such as I&A); o The use of School of Economics staff in post-initial education and

commercial research projects;

o Contributions from Eur Holding B.V. for the results of supporting private

limited companies.

The income from the second flow of funds in 2009 comes largely from income from Veni/Vidi/Vici grants and research grants for PhD/students of the Netherlands Organisation for Scientific Research (NWO). The ESE will continue to receive income directly from the third flow of funds. The third flow funds come from contracts with parties such as the European Union, but also from tuition fees, chair funding and secondments. Besides these forms of income, the third flow of funds comprises contributions from the VU Amsterdam and the University of Amsterdam towards the funding of the Tinbergen Institute. Wages and salaries, pension expenses and social contributions (3) The increase of these costs is mainly the consequence of an increase of the number of personnel. Other expenses within the EUR (4) In 2009, 29% of these expenses comprised payments to ERIM. Accommodation expenses paid by the ESE make up 18% of these expenses, the use of other central services and facilities make up 27% and costs from other Schools make up 26% of the other expenses within the EUR. As far as accommodation is concerned, it should be noted that the ESE is housed in a building owned by the EUR. The ESE only pays accommodation expenses if it uses more than the standard floor area.

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Financial annual report

Other income (2)


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Other expenses within the EUR Holding (5) Financial annual report

These are mostly the expenses of hiring staff from the private limited companies for teaching purposes at the ESE. Other external expenses (6) About 35% of these expenses in 2009 were expenses of the Tinbergen Institute (teaching expenses for MPhil students and PhD students, as well as expenses relating to (and for facilitating) research activities. In addition, 8% of the expenses were IT expenses (investment and depreciation), 4% for office equipment, 17% for business travel expenses, conference fees and representational expenses, 20% for outsourced activities such as printing and typesetting and legal advise and 16% for other office and general expenses. The increase of other external expenses is mainly the result of a rise in expenses for the Tinbergen Institute. Tangible fixed assets (7) ESE adopts the rule that only investments in fixed assets with an acquisition price of more than Kâ&#x201A;Ź 12 are capitalised and written off over their economic life. The first depreciation is made in the year of purchase. The depreciation period depends on the type of equipment and varies from 3 to 25 years.

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Overview of tangible fixed assets (in euros x 1000)

Furniture and equipment

Acquisition price 2008 Decline in value and depreciation

1,056 - 837

Book value at end 2008

219

Investments 2009 Depreciation 2009

- 81

Book value at end 2009

138

Financial fixed assets (8) These are solely loans to the EUR Holding B.V. to finance the equity capital of a number of private limited companies affiliated to the ESE. Valuation is at nominal value. Receivables, prepayments and accrued income (9) Receivables are valued at nominal value. A provision for bad debts is made for receivables on external parties. Included under receivables are:

Receivables 2008 and 2009 (in euros x 1000)

Debtors external Debtors EUR and EUR group* Other internal receivables EUR Other receivables external Prepayments and accrued income

Total

2009

2008

506 590 295 1 25

523 797 26 2 262

1,416

1,610

* The debtors ranked as EUR and EUR group are receivables from other organisational divisions of the EUR and private limited companies under the EUR Holding B.V.

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Financial annual report

The book value of the tangible fixed assets covers mostly equipment.


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Equity capital (10) Financial annual report

The positive annual result of K€ 1,608 has led to a positive equity capital of K€ 3,812

Equity capital (in euros x 1000)

Equity capital

Equity capital at end 2008 Result of financial year (2009) Direct capital movements*

2,322 1,518 - 118

Book value at end 2009

3,721

* The direct capital movement concerns the transfer, in accordance with EUR policy, of a part of the annual result of the Tinbergen Institute, for which the Erasmus School of Economics is budget holder, to the long-term debt.

Provisions (11) In 2005 a provision was made to settle existing obligations arising from the reorganisation of the ESE. This is mostly the School’s share of redundancy pay costs. The provision is determined statically. At the end of each financial year an estimate is made of the situation in respect of the necessary provision, which has led in this financial year to the release of the provision. Long-term debts (12) These relate to the share of the VU Amsterdam and the University of Amsterdam in the assets of the Tinbergen Institute. This procedure is the result of the cooperative agreement between the participating parties (EUR, VU Amsterdam and UvA) which says that if the institute closes down, the remaining financial reserves and assets will be divided among the three faculties, in the proportion that had been adopted until then for payment of the fixed contributions of ESE to the institution.

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The composition of the short-term debts is as follows:

Short term debts 2008 and 2009 (in euros x 1000)

2009

2008

Installments received in advance for work in progress

943

905

External creditors

109

392

EUR an EUR group creditors*

870

1,460

Other internal debts EUR

303

536

2

1

Accruals and deferred income

1,165

723

Total

3,392

4,017

Other external debts

* The creditors ranked as EUR and EUR group are receivables from other organisational divisions of the EUR and operating companies under the EUR Holding B.V.

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Financial annual report

Short-term debts (13)


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Financial annual report www.ese.eur.nl/annual_report


Annual

report 2009 The digital version of our annual report can be found on our website: www.ese.eur.nl/annual_report. Here you can find more information on several subjects as well as photo impressions and film clips. Additional information, photo impressions and film clips are indicated by

.

ESE's ambitions ESE's inspiration ESE's visibility

ESE's today

ESE's ambitions

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Annual Report 2009

Annual Report 2009

Annual Report 2009

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Annual Report 2009

ESE's road to 2013

ESE's visibility

ESE's road to 2013

ESE's today

P.O. Box 1738 | NL-3000 DR Rotterdam | T +31 (010) 408 13 70 | F +31 (010) 408 91 45 | E info@ese.eur.nl

ESE annual report-Today  

The Erasmus School of Economics is an internationally renowned institute that contributes scientific knowledge to future economic issues and...

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