Mr Mark Stevenson welcomes the assembly and justifies the need to hold this general assembly in Stockholm during the 2nd IBDC by the fact that it allows IBDA members to be present without additional travel costs.

The following summary of IBDA projects were presented by the President:

1. Machine Readability Workshop, Vienna, Austria
2. Intaglio Engravers Summit, Budapest Hungary
3. Creation of Intaglio Engravers Working Group & 1st meeting
4. Creation of IBDA website
5. Creation of IBDA newsletters
6. Creation of 2nd IBDC Media
7. Industry-wide recognition of IBDA

1. Intaglio Engravers Academy
2. Machine Readability Working Group/Guidelines (MRWG)
3. Substrates & Durability Working Group/Guidelines (SDWG)
4. IBDA Declaration on Intaglio
5. Newsletters
6. Banknote of the Future Project

1. Designer Exchange Programme
2. IBDA Website Secure Zone/Information Archive
3. MRF Guideline Projects

The President thanks the 2010-2012 committee members for their dedication during these 2 years and presents the new committee for 2013-2014:

• Mark Stevenson
• Karin Mörck Hamilton
• Martine Warren
• Carlos Almenar Diaz
• Vanessa Lavie

The modification of the status concerns the following subjects:

• Art 8:The admission of new members process is simplified
• Art 11: The director, Vanessa Lavie, becomes Administrative Director, incorporating the Administration organ

The modifications of the status are accepted by the Assembly

The President presents the budget 2011/2012 and comments the results:

• We spent ca. 27% less than budgeted
• We earned 30% less than budgeted
• 2nd IBDC will depend less on a subsidy
• Future events must become self-financing
• IETP generates short-term risk
• We hope to avoid tax imposition
• Revenue sources: Partners = 90%, Members = 10%
  

The 2013 annual IBDA membership fee remains unchanged and will range between Euro 300 & 1000 depending on the type of membership requested.

No further issues were discussed at the General Assembly and the President brought the session to a close.