Each year, the AEC publishes an Annual Report in accordance with proper accounting practice but, more specifically, with its statutes, whose article 11.4 states that ‘The report will include a balance sheet and a profit-andloss statement. It will also provide a detailed account of the administrative tasks performed in the preceding financial year’.
In addition to fulfilling this statutory requirement, this report aims to outline the different areas of AEC’s work in 2020, explaining the Association’s financial position as well as its activities, discussions, developments and events.
Full information on the financial situation of the AEC can be found in the AEC 2020 Annual Accounts. In this Annual Report, only the key elements of the Annual Accounts are included, but members wishing to receive the entire AEC 2020 Annual Accounts can do so by contacting the AEC Office.