Finances in good shape

The IMVIA has finished the year in a strong financial situation. It held equity of $831,188 as of March 31, up from $676,098 in the previous reporting period, while its net surplus for the year dropped to $155,090 from $269,200. The association made a gross profit of $365,127 from its taxable activities – up from $173,601 in 2013/14. This included $427,526 from the technical services it provides compared to $290,763 in the previous year, while it had a new income stream with $75,808 coming from consulting. All up, the IMVIA’s total revenue came in at $880,463 – up from $851,601. Overhead expenses rose from $437,453 to $528,619, while its surplus for membership activities came in at $115,285, which was down from $241,852.