2008Q3 Reports: European Treasurer

EUROPEAN TREASURER'S REPORT for 2007

This report starts with the chapter financial report. 
The remainder is devoted to the state of ACL assets
held in Europe. Unless otherwise indicated, all amounts
are in Euro.

Mike Rosner
mike.rosner@um.edu.mt

================================================
EUROPEAN CHAPTER FINANCES 2007
This is a virtual account representing the
state of chapter finances
================================================
                           
USD:EUR     1.30          
                                       balance
31/12/2006                              -2,485
                              
INCOME                         
Income from ACL ($5000)   3,846.00     
Surplus EACL2006         17,635.01     
                              
total income             21,481.16      21,481
                              
EXPENSES                         
                              
Sponsorships                         
ESSLII 2007                 -3,000     
                              
                              
                              
total expenses              -3,000      -3,000
                              
31/12/2007                              15,996

==================================================
CHF-CH-CURRENT 2007 
(Swiss Current Account - CHF, EUR equivalent shown)	    
1 EUR = 1.65614 CHF   
==================================================
                  CHF         CHF         EUR 
                                          EQUIV
     
31/12/2006        1,217.13    1,217.13    734.92
     
INCOME     
net interest          0.95  
     
total income          0.95        0.95      0.57
     
EXPENSES     
bank charges        309.35  
     
total expenses      309.35     -309.35   -186.79
     
31/12/2007                      908.73    548.70
     

=====================================================
CHF-CH ASSETS: Bond Funds held in CHF
=====================================================
31/12/2006                     209,783

31/12/2007                     210,277


=====================================================
EUR-CH 2007 (Swiss EUR deposit and account accounts) 
Previously used for euro transactions in Switzerland. 
Now closed, balance to Malta.	
=====================================================
                        deposit            current
31/12/2006              10,145.73          306.53
INCOME                         
Interest                    92.51          
                              
EXPENSES
withholding tax            -32.38
charges                                    -18.22

                        10,205.86
paid to
current                -10,205.86       10,205.86
                              
                                        10,494.17
paid to EUR-MT                         -10,494.17
accounts closed               
31/12/2007                     0.00          0.00
                                                     
================================================
EUR-MT-CURRENT 2007: Current account in Malta                                        
================================================                 
31/12/2006                14273.23     14,273.23
INCOME                                   
TFR ex French ac             62.28               
TFR EUR-CH               10,494.17               
EACL06 surplus           17,635.01               
INTEREST (consolidated)   1,784.02
----------------------------------                             
total income             29,975.48     29,975.48

EXPENSES                                   
3 month Term Deposit    -25,000.00               
Sponsorship:                              
ESSLII 2007              -3,000.00               
CHARGES                     -80.93               
----------------------------------
total expenses          -28,080.93    -28,080.93

31/12/2007                             16,167.78

=================================================
ADDITIONAL EUR ASSETS HELD IN MALTA at 31/12/2007
=================================================

31/12/2006
Bank of Ireland                50,000

BOUGHT
3 month term Deposit           25,000

31/12/2007                     75,000

interest is shown as consolidated interest for
EUR-MT-CURRENT


================================================
EVOLUTION OF CONSOLIDATED HOLDINGS IN EUROPE
================================================
YEAR     EUR
2000     152,479
2001     159,427
2002     172,111
2003     177,101
2004     223,449
2005     215,953
2006     202,166
2007     217,400

================================================

Mike Rosner, 22/05/2007
================================================