Page 23 - Annual Report 2018

2. MANAGEMENT REPORT

The item of sales and other revenues from the acti- Expenditure
vity correspond to the provision of research services,
based on contracts signed with other public and pri- The expenses are used for the development of the
vate research centers. CIEN Foundation's own activities, which basically co-
rrespond to the research and management activi-
In the subsidies, donations and capital legacies ties of the Alzheimer's Project Research Unit (UIPA),
item transferred to the surplus of the year (€ which is part of the Queen Sofia Foundation Alzhei-
530,588.86), a contribution from the Queen Sofia mer Project Complex. The Queen Sofia Foundation
Foundation of € 473,427.65 is recorded, correspon- and the CIEN Foundation formally signed in January
ding to the rights of use of the building, equipment 2006, renewed in January 2016, an agreement whe-
and furniture of the Alzheimer's Project Research reby the former cedes the use of the premises and
Unit (UIPA, for its acronym in Spanish). The remai- their equipment, and the CIEN Foundation is com-
ning amount until reaching the total of this item co- mitted to the maintenance of the dependencies
rresponds to the official capital grants received and equipment, replacing and repairing the one
from the ISCIII financing of capital expenditures, € that is necessary. The use of facilities will be used as
51,202.68. a priority for the research of Alzheimer's disease and

CIEN Foundation Annual Report 2018 / 23