Financial Report

Statement of Financial position as 31st December 2020

Consolidated statement of financial position

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

Consolidated statement of activities

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
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