Ref:AN/21164
Amsterdam, 23 June 2021

ANNUAL REPORT

Financial statements 2021
To the Board of :Stichting SciPost
Science Park 904
1098 XH Amsterdam

1Stichting SciPost

CONTENTSANNUAL REPORT
1

Compilation report

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FINANCIAL STATEMENTS-Balance sheet as of December 31, 2021
Statement of profit and loss for the year 2021
Notes to the balance sheet per December 31, 2021 and to the profit and loss
for the year 2021
Other disclosures

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6/7
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9/13
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Stichting SciPost

ANNUAL REPORT

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Adressed to the Board ofStichting SciPost
Science Park 904
1098 XH Amsterdam

Amsterdam, 23 June 2021

Dear Board,In relation to our compilation engagement of the financial statements 2021 of Stichting SciPost we provide
the following report.

1. COMPILATION REPORTAssignment
The financial statements of Stichting SciPost based in Amsterdam have been compiled by us
using the information provided by you. The financial statements comprise the balance sheet as of31 December 2021 and the profit and loss account for the year 2021, with the accompanying explanatory
notes. These notes include a summary of the accounting policies which have been applied.
Services delivered
We have assisted you in the preparation and presentation of the financial statements in accordance with theDutch generally accepted accounting principles. To this end we have applied our professional expertise inaccounting and financial reporting. In a compilation engagement, you are responsible for ensuring that you
provide us with all relevant information and that this information is correct. Therefore, we have conducted ourwork, on the assumption that you have fulfilled your responsibility. To conclude our work, we have read thefinancial statements as a whole to consider whether the financial statements as presented correspond with
our understanding of Stichting SciPost.
Confirmation
Based on the information provided by you, we have compiled the financial statements in accordance with
the Dutch generally accepted accounting principles for financial reporting.

Yours sincerely,

A. Nellen RB
Register Belastingadviseur

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Stichting SciPost

FINANCIAL STATEMENTS

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Stichting SciPostBALANCE SHEET AS PER DECEMBER 31, 2021
(after appropriation of result)
ASSETS

CURRENT ASSETS
Current assets
Cash and cash equivalents

December 31, 2021€€

December 31, 2020€€

30.479125.143

37.998105.727

Total

6155.622

143.725

155.622143.725

Stichting SciPost

LIABILITIES AND EQUITYEQUITY
Other reserves

December 31, 2021€€

December 31, 2020€€

-7.17257.935-7.172PROVISIONS AND RESTRICTED FUNDS
Restricted funds-

57.93537.951-37.951CURRENT LIABILITIES

162.79447.838

Total

155.622143.724

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Stichting SciPost

STATEMENT OF PROFIT AND LOSS OVER 2021

2021
€2020
€

GROSS MARGIN€€

160.360

64.387

Salaries and wages

194.044139.358

Other operating expenses

30.77615.318

Operating expenses

224.820154.676

OPERATIONAL RESULT-64.460-90.289

Financial expenses

647

RESULT BEFOREINCOME TAX
Income tax

RESULT AFTER TAX

8341
647

341

-65.107-90.630---65.107-90.630

Stichting SciPostNOTES TO THE BALANCE SHEET PER DECEMBER 31, 2021 AND
TO THE PROFIT AND LOSS FOR 2021
GENERAL
Business activities
The activities of the foundation mainly comprise the development, implementation and maintenanceof electronic forms of scientific communication and publication.
Enlisted
The entity was founded February 8, 2016 and is registered at the Chamber of Commerce under
number: 65280083.
Summary of accounting policies
The valuation of assets and liabilities and the measurement of results is carried out using the historical costconvention. Unless stated otherwise, the assets and liabilities are measured at cost.
Gains and losses are attributed to the financial year of occurance. Gains are taken into account only insofar
they have been realized at balance sheet date. Losses and risks that have their origin within the financial year
are taken into account, insofar they have materialized before the date of compiling the financial statements.
MEASUREMENT POLICIES FOR ASSETS, LIABILITIES AND RESULTS
Current assets
The amounts receivable from debtors are measured at face value, less a provision for non payment asestimated based on individual assesment of the receivables.
Cash and cash equivalants
Unless stated otherwise, the cash and cash equivalents are at the free disposal of the entity.
Restricted funds
The initial measurement is at the nominal value of the pledge of the funders. Amounts are released fromthe restricted funds to the extent that the stipulated restrictions have been met.
ResultThe result is measured, taking into account the measurement policies for assets and liabilities, as thedifference between the realized gross margin and the historical cost. The gross margin consists of net revenues
and other gains less cost of sales
Net revenues consist of the revenues from goods and services delivered over the financial year, less discounts
and less sales taxes.

9Stichting SciPostNOTES TO THE BALANCE SHEET AS OF DECEMBER 31, 2021
SHORT TERM ASSETS
Current assets
The breakdown is as follows:

Receivables from operationsRental deposits
Other receivables

December 31, 2021€

December 31, 2020€

29.898581-36.000581
1.417

30.47937.998The current assets will be converted into cash or cash equivalents in 12 months or less.
Cash and cash equivalents
The breakdown is as follows:

Triodos current account
Triodos savings account
Other cash items

December 31, 2021€

December 31, 2020€

43.21479.182
2.747

14.94989.994784

125.143105.727

EQUITY
Other reserves
The other reserves consist of the cumulative withheld results of the entity of previous years, insofar
these results have not been allocated to reserves with restrictions opposed by the Board of directors.
The breakdown is as follows:€Opening balance
Result appropriation

57.935-65.107

Closing balance-7.172LONG TERM LIABILITIES
Restricted funds
The funds committed to the entity by external funders with limitations to the allocation of funds are presented
as restricted funds.
The breakdown is as follows:€
Opening balance
Revoked external pledges received with restrictions

37.951-37.951

Closing balance-10

Stichting SciPostCURRENT LIABILITIESThe breakdown is as follows:

Suppliers
Sponsorships received in advance
Other current liabilities
Short term accruals

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December 31, 2021€

December 31, 2020€

45.26787.38223.3006.845

30.99010.8895.959

162.79447.838

Stichting SciPostNOTES TO THE PROFIT AND LOSS ACCOUNT FOR THE YEAR 2021
Gross margin
The breakdown is as follows:

2021
€

2020
€

Income from work on projects
Income from sponsorships
Direct expenses of projects-22.049
182.409-22.04948.418-6.080Gross margin160.360

64.387

2021
€

2020
€

152.076836
16.76723.361
1.004

88.52914.42119.97015.440998

Salaries and wages
The breakdown is as follows:

Salaries and wages
Expenses for holiday allowance
Social charges
Pension fund expenses
Insurance expenses

Salaries and wages
194.044
On average, 3,0 people were employed over the financial year, measured in full time equivalents(previous year: 2,2).
Other operating expenses
The breakdown is as follows:

2021€

139.358

2020
€

€€

Other expenses for personnel
Production team

12.376

5.959

Housing expenses
Office rent

6.970

2.904

-1.166

Hardware expenses
Tools and appliances
Office expenses
Costs of administration
IT licenses and memberships

2.909
5.186

4.773
2.898
8.095

General expenses
General insurance expenses
Payment differences
Fines

77
3.162
96

Other operating expenses

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7.671

77
-2.4593.335-2.38230.77615.318

Stichting SciPost

Financial expenses
The breakdown is as follows:
2021€
Interest and expenses, bank132020
€

647

341

647

341

Stichting SciPost
OTHER DISCLOSURES

Appropriation of the result
The Board determines to appropriate the result ad -€ 65.107
as follows:€
Withheld from the general reserves-65.107

Above appropriation has been taken into account in the financial statements.

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