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2007 Audited Accounts
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2007
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"INSOL International, for the year ended December 31 2007, reported a surplus of $448,412 compared to a surplus of $5,157 for the prior year.
Income for the year increased to $2,210,988 from $1,622,046 primarily due to the outstanding success of Cape Town and the increasing membership subscriptions.
INSOL has and continues to keep all its costs under very tight control and the result for the year reflects this.
INSOL International continues to increase the services it provides to its stakeholders. These include additional one day seminars held in a number of regions, supporting important multilateral initiatives in a number of developing countries and the promotion of a Global Insolvency Qualification launched in 2007.
Gareth Hughes
Treasurer
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