Financial Accounts

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The financial accounts for 2014 presented here were drawn up following the accounting principles laid out in the General Plan of Public Accounting. The operating budget of BSC-CNS for the fiscal year 2014 was composed of ordinary income derived from contributions by its patrons, as well as project income derived from competitive funding sources and agreements reached with private organisations. This income was then employed to cover expenses, including costs of operations and fulfilment of all financial obligations.


Ordinary Income refers to the base operating budget provided by the Consortium Partners.

Competitive Income represents the funds derived from competitive project grants from various Ministries, the European Commission and R&D projects sponsored by private companies. Note that competitive project funds received in advance for future multi-year programs, that are progressively applied over the lifetime of each project, are not included as income in the current period.

Other Income includes strategic investments, overheads and capital transfers.

Strategic Investments are funds assigned by the Consortium Partners to finance key investments such as the construction of the new building to house BSC-CNS and increases in supercomputing hardware.

Overheads are incomes derived from ordinary projects, which according to the norms of BSC-CNS are charged 10% to cover overhead expenses.

Capital Transfers are incomes derived from the yield on the capital accumulated from multiannual reserves for the execution of competitive projects and strategic investments, deposited in different bank accounts.

Breakdown of Competitive Income

The chart shows the evolution and breakdown of competitive income according to source. It demonstrates clearly the growth in recent years in funding from competitive European projects and Private Industry, and constant level of competitive funding from National competitive programs.


Personnel refers to salaries and associated charges directly related to the employment of staff contracted by BSC-CNS. It does not include salaries and associated charges of visitors or other collaborators who continued to be paid via their originating institution.

Investments include all expenditures on computing and scientific equipment and infrastructure. They also include other key investments such as the construction of the new building to house BSC-CNS and strategic supercomputing hardware.

Current Expenses include office space rental, furniture, fixtures and fittings, office computer equipment, security services, maintenance and cleaning services, telephones and networking, legal services, marketing, insurances and power.

All major acquisitions were made following the legal procedures established by the law regulating contracting in public administrations, and all contracts were open to public tenders. A total of 11 public tender contracts were signed during the year.

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