Financial Report

Statement of Financial position as 31st December 2020

IN THOUSANDS	NOTE	2020 US$	2019 US$
ASSETS
CURRENT ASSETS
Cash and cash equivalents	3	59,845	59,378
Receivables and prepaid expenses	4	3,266	3,335
Investments in BlackRock	5	28,711	27,968
Total current assets		91,822	90,681
NON-CURRENT ASSETS
Investments in Injaro	6	1,168	1,490
Investments in Financial Assets	7	779	1,711
Investments in ABC Fund	8	4,740	2,256
Intangible assets, net	9	209	282
Property and equipment, net	10	902	964
Total non-current assets		7,798	6,703
Total Assets		99,620	97,384
LIABILITIES AND NET ASSETS
Accounts payable and other liabilities	11	7,137	6,834
Contributions payable	12	6,659	7,069
Repayable Loans	13	12,918	12,632
Program grants payable	14	1,770
Total liabilities		28,484	26,535
NET ASSETS
Without donor restrictions	15	9,500	8,301
With donor restrictions	15	61,636	62,548
Total net assets		71,136	70,849
Total liabilities and net assets		99,620	97,384

REVENUE
Contributions received	16	93,703	117,661
Net investment income	17	1,007	1,157
Other income	17	1,602	949
Total revenue		96,312	119,767
OPERATING EXPENDITURE
Grants	14	52,728	52,911
Other Program Costs	18	8,140	11,739
ASIF Costs		1,057	633
AECF Program Costs	18	6,965	7,598
Monitoring and Evaluation Costs	18	2,879	2,849
Program support Costs	18	15,951	19,476
Resource Mobilization Costs	18	692	673
Administration and support Costs	18	7,613	9,351
Total expenditure		96,025	105,230

Change in net assets		287	14,537