Financial statements

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2016 (USD, thousands)
ASSETS 2016 2015
CURRENT ASSETS
Cash and cash equivalents 28,375 18,947
Account receivables
Donors 6,893 10,028
Employees 768 667
Other CGIAR centers 242 395
Others 630 1,302
Other current assets 1,383 413
Total current assets 38,291 31,752
NON-CURRENT ASSETS
Property, plant and equipment 2,219 3,053
Other non-current assets 6,002 6,656
Total non-current assets 8,221 9,709
TOTAL ASSETS 46,512 41,461
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Account payables
Donors 16,335 10,199
Employees 393 563
Other CGIAR centers 82 46
Others 6,716 2,187
Accruals 3,957 3,520
Total current liabilities 27,483 16,515
NON-CURRENT LIABILITIES
Employee benefit obligations 5,458 6,539
Total non-current liabilities 5,458 6,539
NET ASSETS
Unrestricted
Undesignated 8,352 12,196
Designated 5,219 6,211
Total net assets 13,571 18,407
TOTAL LIABILITIES AND NET ASSETS 46,512 41,461

STATEMENT OF ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2016 (USD, thousands)

2016
Unrestricted Restricted CRPs Restricted Non CRPs TOTAL
REVENUE AND GAINS
Grant revenue
Windows 1 & 2 – 11,568 – 11,568
Window 3 – 10,941 – 10,941
Bilateral 276 10,294 3,542 14,112
Total grant revenue 276 32,803 3,542 36,621
Other revenue and gains 212 – – 212
Total revenue and gains 488 32,803 3,542 36,833
EXPENSES AND LOSSES
Research expenses 4,667 18,643 865 24,175
CGIAR collaboration expenses – 5,380 53 5,433
Non CGIAR collaboration expenses 73 3,967 2,410 6,450
General and administration expenses 55 4,813 214 5,082
Other expenses and losses – – – –
Total operating expenses  4,795 32,803 3,542 41,140
Financial income 200 – – 200
Financial loss 729 – – 729
Deficit (4,836) – – (4,836)

2015 (Restated)
Unrestricted Restricted CRPs Restricted Non CRPs TOTAL
REVENUE AND GAINS
Grant revenue
Windows 1 & 2 – 19,934 – 19,934
Window 3 374 7,183 – 7,557
Bilateral 277 11,566 5,392 17,235
Total grant revenue 651 38,683 5,392 44,726
Other revenue and gains 196 – – 196
Total revenue and gains 847 38,683 5,392 44,922
EXPENSES AND LOSSES
Research expenses 3,260 21,966 1,290 26,516
CGIAR collaboration expenses – 8,833 227 9,060
Non CGIAR collaboration expenses 966 4,160 3,545 8,671
General and administration expenses 715 3,724 330 4,769
Other expenses and losses 23 – – 23
Total operating expenses  4,964 38,683 5,392 49,039
Financial income 192 – – 192
Financial loss 707 – – 707
Deficit (4,632) – – (4,632)

Photo by T. Sunderland/CIFOR.