IIT’s Financial Statements are certified by an independent auditing firm (in 2016, Ria Grant Thorton). IIT prepares its financial statements in accordance with the accrual accounting principle, recognising contributions and costs based on their actual use, with the corresponding temporal variance between acquisition and actual financial collection of external projects (average duration of 3 years). 

In 2016 public financing received through the Italian Ministry of Economy and Finance amounted to approximately EUR 96 million (total gross financing totals EUR 98 million, from which EUR 2 million are subtracted for spending review activities), of which 85% was allocated to scientific and technological activities. Independent financial resources from fund raising activities amount to approximately EUR 197 million of which EUR 142,4 million were obtained from competitive projects, EUR 44,2 million from commercial projects and EUR 11,2 million as in-kind contributions. 

 

Financial Report 2016

Financial Report 2015

Financial Report 2014

Financial Report 2013