Ängsbacka AB is projected to make a profit of about 56,000 SEK for 2010, which is much better than the expected loss of 500,000-600,000 SEK from last spring. Through cost savings and tough decisions, the management team was able to turn the situation around. Ängsbacka will focus on continued economic growth in 2011 with a profit goal of 600,000 SEK and obtaining final approval from the Building Committee. Donation drives have raised over 23,000 SEK so far to help address their previous liquidity crisis and regulatory requirements for fire safety installations. Volunteers are crucial to Ängsbacka's operations and there are opportunities in a variety of areas

1. Ängsbacka member letter
February 2011
Hi all 576 members!
Ängsbackas finance department is now ready with the financial statements for
Ängsbacka AB, 2010. If approved by our auditors at Öhrlings we will make a profit of
about 56 000 SEK. It is very good given the situation last spring with a warning about
loss of 500-600 000 SEK, and even if it required hard work by the management team
with many creative cost savings and some tough decisions, it has been necessary
and is very much worth as we move forward.
Anyway, Ängsbacka will continue to focus on economic growth in 2011 and has a
profit goal of SEK 600 000. The second major objective is the final proof from the
Building Committee.
Back a bit to the previous letter to the members in December where we talked about
the liquidation crisis Ängsbacka faced. It is partially ordered by a loan of 500 000 and
that we once again managed to save costs for fire alarm installation and fire safety,
which are regulatory requirements and the basis for a final proof. Donation project
"Together We Can Make It!" has so far collected about 23 000 SEK and bhajans
concert in Gothenburg raised 8000 SEK. Many thanks to Daniel Ryrvik and
Siddhartha Silversol. So inspiring :-)
To conclude on the economy, again a big profit (600 000) for 2011 is absolutely
necessary to begin mortgage payments on loans and also to plan for further
development.
What do we do? We start new festivals and expand our programs and focus on
volunteer training. Go to the website and read more about Ängsbackas leadership
training, raw food festival, Women's Festival and the Festival of Sustainable
Development - Future Perfect. In addition, there are more new courses on the annual
program Mindfulness, The Alchemy Of Stillness etc.
Furthermore, remember the engine / heart for the most part on Ängsbacka.
Volunteers. The obvious and for many the most fun thing to do is to come as
volunteer. Ängsbacka’s volunteer manager in the summer, Sara Pyret Ekblad, says
that there will be a magical vibrant summer filled with love and colorful life. And there
is a need for volunteers at all levels, gardening, marketing, photo / media, group
leaders, etc., please contact Sara via email for notification / info:
festivalcamp@angsbacka.se

2. Finally, if you are a member, want to get involved more but have not found the right
form, come to the Summit in the spring. It is an ideal meeting place for both new and
old members. You decide how you will contribute, with your presence, your ideas,
your energy and / or your involvement in any of our workshops. Agenda will be
presented in the next member letter.
You may register right now for this year's Summit. May 27 to 29. Cost: SEK 400
including meals and accommodation in the dormitory. Accommodation for 4-6 room
SEK 200 extra and accommodation in double room 400 SEK. Mail your notification to
booking@angsbacka.se
Mikael Winroth
Chairman, Ängsbacka Association