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TRANSPARENCY INTERNATIONAL E.V. FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015
Transparency International is a global movement with one vision: a world in which government, business, civil society and the daily lives of people are free of corruption. Through more than 100 chapters worldwide and an international secretariat in Berlin, we are leading the fight against corruption to turn this vision into reality.
© 2016 Transparency International. All rights reserved.
TABLE OF CONTENTS TABLE OF CONTENTS ................................................................................................................................. 1
GENERAL INFORMATION ............................................................................................................................ 2
MANAGING DIRECTOR’S REPORT ............................................................................................................. 4
AUDIT REPORT ............................................................................................................................................. 9
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ...................................................................... 11
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ............................................................ 12
CONSOLIDATED STATEMENT OF CHANGES IN RESERVES ................................................................ 13
CONSOLIDATED STATEMENT OF CASH FLOWS ................................................................................... 14
NOTES ......................................................................................................................................................... 15
ANNEXES .................................................................................................................................................... 44
2 GENERAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015
GENERAL INFORMATION Board of Directors: :NAME COUNTRY NOTES
José Ugaz Peru Chair
Elena A. Panfilova Russia Vice Chair
Nada Abdelsater Abusamra Lebanon Elected Sept. 2015
Iftekhar Zaman Bangladesh
Sion Assidon Morocco
Emile Carr Sierra Leone
Jeremy Carver United Kingdom
Mercedes de Freitas Venezuela
Mark Mullen Georgia
Natalia Soebagjo Indonesia
Elizabeth Ungar Bleier Colombia
J.C. Weliamuna Sri Lanka
Sergej Muravjov Lithuania Until Sept. 2015
Managing Director: Cobus de Swardt
Address: Alt Moabit 96 10559 Berlin Germany Tel: +49 - 30 - 34 38 20 0 Fax: +49 - 30 - 34 70 39 12 email: ti@transparency.org website: www.transparency.org
Registration : Registration office: Amtsgericht Charlottenburg Registration number: VR 13598 B Date of latest change: 27/11/2014
Tax registration : Registration office: Finanzamt für Körperschaften I Tax number: 27/678/51105
3 GENERAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015
Date of latest triennial exemption: 05/05/2014 Value Added Tax (VAT) identification number: DE273612486
Auditors :
KPMG AG Wirtschaftsprüfungsgesellschaft Klingelhöferstraße 18 10785 Berlin Germany
Banks :
Commerzbank AG Theodor-Heuss-Platz 6 10877 Berlin Germany
Deutsche Bank AG Unter den Linden 13/15 10117 Berlin Germany
Citibank NA 6400 Las Colinas Blvd Irving, TX 75039 United States Bank of America NA 100 North Tryon Street Charlotte, NC 28255 United States
4 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
The Managing Director presents his annual report on the affairs of Transparency International e.V. – henceforth referred to as TI-S or the Secretariat – for the year ended 31 December 2015.
GOVERNANCE STRUCTURE
The TI Movement Transparency International (TI) is an unincorporated, international coalition, which has the objective to stop corruption and promote transparency, accountability and integrity at all levels and across all sectors of society. The TI movement consists of more than 100 National Chapters, Chapters in Formation and National Contacts in different countries throughout the world and an international Secretariat in Berlin. Additionally, the movement comprises Transparency International Liaison Office to the European Union (TI-EU), based in Brussels, and Friends of Transparency International (FOTI) based in New York. All other movement entities are referred to as coalition partners.
TI-Secretariat Transparency International e.V. (TI-S) is an incorporated membership association registered in Berlin and recognised as being exempt from income tax in Germany. Its governing document is the Charter of Transparency International.
The members of the association are independent persons or entities. Their accreditation is the result of a formal process, awarding them the status “Individual Member” (physical persons) or accredited “National Chapter” (entities). These statuses grant voting rights at Membership Meetings.
Representatives of National Chapters and Individual Members meet on an annual basis at the Annual Membership Meeting (AMM) to learn from each other, coordinate their activities, hold the Board of Directors to account and elect new Board members. The Board is comprised of twelve members who are elected for a three-year term and hold the Secretariat to account, including by review and approval of its budget. The Board has several committees, including the Finance and Audit Committees, which advise the Board on financial matters.
The Secretariat’s operations are led by the Managing Director, who has registered power of attorney for the organisation. The Managing Director reports to the Board of Directors.
OBJECTIVES AND ACTIVITIES
Overview In line with the TI Charter, the main objective of TI-S is “to take action to combat corruption and prevent criminal activities arising from corruption so as to help build a world in which Government, politics, business, civil society and the daily lives of people are free of corruption, because of the
5 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
potential of corruption to undermine economic development, generate poverty, foster political instability and create global insecurity”.
In particular, this is done by:
Raising public awareness of the occurrence and impact of corruption; Developing coalitions to address it; Developing and disseminating tools to curb it; Promoting transparency and accountability in politics and business; Monitoring the control of corruption; and Supporting institutions and mechanisms to combat it.
2015 achievements and impacts The Unmask the Corrupt campaign has reached a new level this year by asking people all over the world to nominate and then vote for the worst cases of grand corruption, i.e. those that have the biggest impact on society. This has made TI’s voice stronger and bolder, and broadened its supporters’ base: more than 125,000 cast their vote, and the social media reach went over 20,000,000 people. Even though the vote started quite late in the year, it can already be said that the campaign had impact on the Bautista case (Dominican Republic), in Tunisia and at FIFA.
Beyond campaigns, TI kept focusing on the engagement of more and more people, mostly through outreach to youth and support to victims and witnesses of corruption. TI published more stories about how citizens have been helped by Chapters to find a solution to their grievances. For example, TI Zimbabwe gave advice to the family of a girl who had been raped, and whose attacker bribed an official in order to get away with it. He was eventually brought to court and sentenced thanks to the Chapter’s intervention. Cases like this provide invaluable data on corruption, and TI is focusing on improving data collection and analysis.
With a new sectoral focus, the Transparency in Corporate Reporting publication on telecommunication companies was one of the highlights on business integrity, with almost half of the assessed firms engaging with us in the process. Tools that have been developed by the Secretariat, such as the Business Integrity Country Agenda or the national forums to engage business, have gained momentum in the TI Movement and Chapters are getting more and more involved in this area of work.
TI’s global advocacy and policy work has focused on several fronts. The approval of a stand-alone goal on governance (Goal 16) and a specific target to reduce corruption and bribery (target 16.5) as part of the new Sustainable Development Goals (SDGs) was the highpoint of several years of TI’s engagement in the post-2015 process. Another achievement was the inclusion of anti-corruption and open data commitments in the outcome document for the Third International Financing for Development Conference. Finally, TI pushed for the G20 Beneficial Ownership Transparency Principles to be implemented in practice after the commitment made in 2014.
TI’s main research product this year was the Global Corruption Barometer for Africa, which provides invaluable data on what people in the region think about corruption and what they can do against it. The timing of the Corruption Perceptions Index launch was moved to January 2016, in order to give more space for Chapters to do advocacy and communications work around anti-corruption day on 9th December. The Helpdesk developed 75 new answers to corruption-related queries, and thereby informed the work of many Chapters. At the national level, five new National Integrity System assessments were launched in Europe and Central Asia, giving Chapters a thorough evidence base for their future advocacy. The Secretariat has supported these efforts, while reducing its involvement in the research in order to be able to focus on other strategic priorities.
6 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
All these activities have largely contributed to boost TI’s visibility worldwide, supported by a new style of communications (based for example on more visual storytelling), which better suits our bolder campaigning efforts. Following the redesign of the public website homepage to adapt it better to mobile devices, visits went up by 30% (from September 2014 to September 2015). Social media reach significantly increased: Facebook fans were up from 180,000 to 269,000, and Twitter followers up from 57,700 to about 90,000, with more than 4,000 retweets or mentions of TI content per month.
Achievements at the national level were also very significant. To cite just a few:
Improvements in the education sector in Honduras; Passing of a new law on beneficial ownership registries in Norway; Adoption of a whistleblower protection law in the Punjab province, proposed by TI
Pakistan; In Bangladesh, new projects related to climate change are now subject to tougher
inspections and will face regular audits from both the office of the controller and the auditor general.
Interestingly, Chapters are also taking more and more leadership in multi-country thematic initiatives. Five of them (on mining, humanitarian aid, the judiciary, defense and security, and the health sector) are now being run by a Chapter, a good example of the promotion of Chapters’ leadership and decentralisation of expertise.
At a more internal level, in addition to the strategic development process, TI-S has improved its financial management system as well as internal controls (e.g. on internal complaints mechanisms). Forging a better understanding of costs drivers, introducing a Value for Money policy and testing ways of assessing Value for Money have been essential to enhancing TI-S’s efficiency and effectiveness. Finally, in order to track the Secretariat’s contribution to the new strategy in the next five years, the Monitoring Evaluation and Learning systems have been revamped to focus much more on impact and learning.
Plans for the Future At the 2015 Annual Membership Meeting, TI adopted Together Against Corruption: Transparency International Strategy 2020. This global 5-year strategy sets an ambitious direction for the future activities of the global TI movement, focused on three key areas:
People and Partners: TI’s aim is to foster a global culture of anti-corruption action. TI will increasingly support individuals and groups of people to act and demand accountability – and will work to protect them when they are at risk. Extending the boundaries of the anti-corruption movement, TI will work with an increasingly wide range of people and partners to drive anti-corruption progress.
Prevention, enforcement and justice: In many countries, corruption prevention systems, laws and standards remain weak. TI will develop, monitor and advocate for key anti-corruption standards and implementation of the best available regulations. At the same time, TI will strengthen its ability to engage when both law enforcement and justice systems fail to pursue cases of corruption, resulting in impunity.
Strong movement: TI’s organisational model is unique and enables it to combine global and local advocacy, using locally-rooted, country-based experiences to inform their work. TI will continue to draw on this global reach, and ensure strong presence where it matters the most. TI will innovate and identify new tools and new ways to understand what works
7 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
to stop corruption. Investing in their accountability, people and performance, TI will be better equipped for the challenges ahead.
TI-S adopted a 5-year Implementation Plan, consistent with this strategy, in December 2015 to help prioritise the Secretariat’s contribution to implementing Together Against Corruption. Providing a roadmap for the years leading up to 2020, the Implementation Plan at the same time allows for flexibility to react to opportunities and events, as they may emerge, and to adapt the Secretariat’s focus based on regular reviews of progress and context of our work.
To effectively organise its work around the nine “areas of contribution” to the TI movement’s global strategy identified in the TI-S Implementation Plan and supported by a set of recommendations adopted by the TI Board of Directors, which followed a review of key TI-S structures, processes and ways of working, the Secretariat is preparing to embark on an “organisational transformation” to help the Secretariat be ready to face the challenges of the future.
RISK MANAGEMENT As an advocacy organisation, taking risks is an essential part of affecting change. The purpose of strengthening how risk is managed is not to make the movement more risk averse, but rather to make it more capable of identifying, assessing and addressing risks. In short, managing risks more effectively allows the organisation to fight corruption more successfully.
The Board has ultimate responsibility for risk management and to ensure that there are structures and processes in place for the effective management of risk. Responsibility for risk oversight has been delegated to the Audit Committee, which reports and provides advice regularly to the Board.
A Risk Management Committee operates within the Secretariat; it oversees the risk management infrastructure, which rests on five pillars that are integrated and each broadly responsible for an area of risk, including: 1) Institutional; 2) Political and Legal; 3) Personnel safety; 4) Media interest and reputation; and 5) National Chapters. Cross-cutting the five pillars is a new focus on programmatic risk, which will concentrate particularly on the fundamental shifts in how TI approaches fighting corruption, from people engagement to campaigning and case work. The Committee also leads on the implementation and maintenance of robust and effective systems and processes to manage day-to-day risks across the organisation.
The Audit Committee has reviewed current risk management arrangements, and considers that they are sufficient to ensure that major risks are identified and systems are established to manage them. The Audit Committee regularly receives updates on risk management and reviews the overall systems and processes on risk management yearly.
FINANCIAL REVIEW
Results review In 2015 total income for TI-S remained in line with previous years, increasing by approximately 1% from €26,850,094 in 2014 to €27,097,999 with both unrestricted and restricted funding being subject to minor fluctuations.
9 AUDIT REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
AUDIT REPORT INDEPENDENT AUDITOR'S REPORT
To Transparency International e.V., Berlin
We have audited the accompanying consolidated financial statements of Transparency International e.V., Berlin and its subsidiary, which comprise the Consolidated Statement of Financial Position, the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Changes in Reserves, the Consolidated Statement of Cash Flows and the Notes to the Financial Statements for the year ended 31 December 2015.
Management's Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of consolidated financial statements in accordance with IFRSs, as adopted by the EU and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.
An audit involves procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the parent company`s preparation and fair presentation of consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group`s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
11 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Financial Position ASSETS Notes
all amounts are stated in Euros
Current AssetsCash and cash equivalents 3 13,705,213 8,922,597
Accounts receivable 1,267,745 1,080,539 Debtors 4 187,149 269,435 Accrued income 5 1,080,596 811,104
Advances to project partners 6 1,609,285 5,559,159
Other current assets 7 244,074 165,163
Current Assets, total 16,826,317 15,727,458
Non Current AssetsIntangible assets 8 27,909 39,048 Tangible assets 8 218,094 169,265 Investments 9 2,500 2,500 Other f inancial assets 9 85,161 100,683
Non Current Assets, total 333,664 311,496
Assets, total 17,159,981 16,038,954
LIABILITIES AND RESERVES Notes
all amounts are stated in Euros
Current LiabilitiesAccounts payable 1,312,218 1,211,702
Liabilities to project partners 10 422,912 114,961 Liabilities to suppliers 11 546,272 294,693 Other current liabilities 12 343,034 802,048
Deferred income, current 13 7,030,536 11,204,258
Current Liabilities, total 8,342,754 12,415,960
Non Current LiabilitiesDeferred income, non current 14 4,077,933 - Other non current liabilities 9 1,250 1,250 Provisions 15 831,691 -
Non Current Liabilities, total 4,910,874 1,250
Reserves 16 3,906,353 3,621,744
Liabilities and Reserves, total 17,159,981 16,038,954
The notes on pages 15 to 43 form part of these f inancial statements
31 December 2015 31 December 2014
31 December 2015 31 December 2014
12 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Comprehensive Income Notes 2015 2014
all amounts are stated in Euros
Operating incomeUnrestricted income 17.a 7,778,135 7,556,694Restricted income 17.b 19,098,929 19,151,059
Other income 17.c 220,935 142,341
Operating Income, total 27,097,999 26,850,094
ExpenditurePersonnel expenses 19 10,011,855 10,362,854Partner support 20 10,944,525 10,887,399Other expenses 21 5,652,007 5,341,069Depreciation and amortisation 8 123,366 122,900
Expenditure, total 26,731,753 26,714,222
Result from Operating Activities 366,246 135,872
Financial Result, net 24 (81,805) 25,889
Comprehensive Income, total 284,441 161,761
All the above results are derived from continuing activities. There are no recognised gains and losses other than the ones stated above.The notes on pages 15 to 43 form part of these f inancial statements
13 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Changes in Reserves Free Reserv es Total
Special Fund Netw ork Reserv eall amounts are stated in Euros
Opening balance at 01 January 2014 2,535,483 774,500 150,000 3,459,983
Transfer from Total Comprehensive Income in 2014 161,761 - - 161,761
Balance at 31 December 2014 2,697,244 774,500 150,000 3,621,744
Opening balance at 01 January 2015 2,697,244 774,500 150,000 3,621,744
Transferred reserves on consolidation of subsidiary 168 - - 168
Transfer from Total Comprehensive Income in 2015 284,441 - - 284,441
Balance at 31 December 2015 2,981,853 774,500 150,000 3,906,353
The notes on pages 15 to 43 form part of these f inancial statements
Designated Reserv es
14 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Cash Flows Notes 2015 2014
all amounts are stated in Euros
Total Comprehensive Income 284,441 161,761
CASH FLOW FROM OPERATING ACTIVITIESAdjustments for:Depreciation and amortisation 8 123,366 122,900Loss on disposal of f ixed assets 8 12,473 12,887Interest income/expense 24, 9 (20,996) (9,702)Unrealised currency translation gains and losses 24 76,074 (37,557)Provisions 15 831,691 -
Adjustments: 1,022,608 88,528
Granting activities:Decrease/(Increase) in advances to project partners 6 3,949,874 2,788,919(Decrease)/Increase in liabilities to project partners 10 307,951 (217,282)Decrease/(Increase) in accrued income 5 (269,492) 2,060,499(Decrease)/Increase in deferred income 13 (4,173,722) (7,252,294)
Cash f low from granting activities (185,389) (2,620,158)
Other operating activities:Decrease/(Increase) in debtors and other current assets 4, 7 3,375 28,031(Decrease)/Increase in liabilities to suppliers and other c. liab. 11, 12 (207,435) (500,091)Decrease/(Increase) in other f inancial assets 9 15,522 -Interest income received 24 21,492 10,951Interest expense paid 24 (496) (1,249)
Cash f low from other operating activities (167,542) (462,358)
Net cash f low from operating activities 954,118 (2,832,227)
CASH FLOW FROM INVESTING ACTIVITIES Disbursements for the purchase of f ixed assets 8 (173,529) (112,445)Proceeds from sale of f ixed assets 8 - 433
Net cash f low from investing activities (173,529) (112,012)
CASH FLOW FROM FINANCING ACTIVITIESDisbursement for granted loans 7 - 17,079 Reserves transferred upon consolidation SoCR 168 - Release of former endow ment funds 14 4,077,933 -
Net cash f low from financing activities 4,078,101 17,079
Decrease/Increase in cash and cash equivalents 4,858,690 (2,927,160)
Cash and cash equivalents balance at 01 January 3 8,922,597 11,812,200(Decrease) / Increase in cash and cash equivalents 3 4,858,690 (2,927,160)Effect of exchange rate f lutuation on cash held 24 (76,074) 37,557
Cash and cash equivalents at 31 December 13,705,213 8,922,597
The notes on pages 15 to 43 form part of these f inancial statements
15 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
NOTES
Transparency International e.V. (henceforth referred to as TI-S or the Secretariat) is a registered, incorporated association (“eingetragener Verein”) based at Alt-Moabit 96, 10559 Berlin, Germany. TI-S is the Secretariat of Transparency International (TI), the global civil society organisation leading the fight against corruption.
The financial statements comprise the Statement of Financial Position, the Statement of Comprehensive Income, the Statement of Changes in Reserves, the Statement of Cash Flows and the Notes to the Financial Statements for the year ended 31 December 2015.
TI-S presents consolidated financial statements. The area of consolidation is defined in more detail below. The financial statements are presented in units of Euros, which is the entity’s functional currency.
1. ACCOUNTING POLICIES The accounting policies adopted in the preparation of the consolidated financial statements of the Secretariat are as detailed here below.
1.a Basis of preparation The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union (henceforth, Adopted IFRS).
The financial statements have been prepared voluntarily, under the historical cost basis. The accounting policies adopted in preparing these statements are consistent with those applied in the year ended 31 December 2014 except for the change described in note 1.f – Basis of consolidation.
1.b Changes in adopted IFRS During the last reporting period, the following standards and interpretations have become effective. As such they been adopted by the Secretariat, although none had a significant impact on the financial statements for the year ending 31 December 2015:
Improvements to IFRS (2011-2013) IFRS 1, IFRS 3, IFRS 13 and IAS 40 Improvements to IFRS (2010-2012) IFRS 2, IFRS 3, IFRS 8, IFRS 13, IAS 16, IAS 24 and IAS 38 Amendments to IAS 19 Defined Benefit Plans: Employee Contributions
At the date of issue of these financial statements the following standards and interpretations, which have not been applied in these financial statements, were issued but not yet effective. TI-S is currently taking all the necessary steps to assess the impact of these standards on its statements and implement them accordingly, if necessary, by their effective date. Management anticipates that the adoption of these standards and interpretations in future periods will have no material impact on the financial statements of the Secretariat.
The International Accounting Standards Board (IASB) has issued the following- endorsed by the EU and these standards and interpretations are effective for periods beginning on or after 1 January 2016:
Amendment to IFRS 11: Accounting for Acquisitions of Interests in Joint Operations, effective for accounting periods beginning on or after 1/1/2016
16 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Amendments to IAS 1: Disclosure Initiative, effective for accounting periods beginning on or after 1/1/2016
Amendments to IAS 16 and IAS 38: Clarification of Acceptable Methods of Depreciation and Amortisation, effective for accounting periods beginning on or after 1/1/2016
Amendments to IAS 16 and IAS 41: Agriculture - Bearer Plants, effective for accounting periods beginning on or after 1/1/2016
Amendment to IAS 27: Equity Method in Separate Financial Statements, effective for accounting periods beginning on or after 1/1/2016
Improvements to IFRS (2012-2014) IFRS 5, IFRS 7, IAS 19 and IAS 34, effective for accounting periods beginning on or after 1/1/2016
The International Accounting Standards Board (IASB) has issued the following- not yet endorsed by the EU and these standards and interpretations have not been adopted by TI-S:
Amendments to IFRS 10, IFRS 12 and IAS 28: Investment Entities - Applying the Consolidation Exception, effective for accounting periods beginning on or after 1/1/2016
IFRS 14 Regulatory Deferral Accounts (no endorsement agreed) Amendments to IAS 7: Disclosure Initiative, effective for accounting periods beginning on or after
1/1/2017 Amendments to IAS 12: Recognition of Deferred Tax Assets for Unrealised Losses, effective for
accounting periods beginning on or after 1/1/2017 IFRS 9 (2014) Financial Instruments, effective for accounting periods beginning on or after 1/1/2018 IFRS 15 Revenue from Contracts with Customers, effective for accounting periods beginning on or
after 1/1/2018 IFRS 16 Leases, effective for accounting periods beginning on or after 1/1/2019 Amendments to IFRS 10 and IAS 28: Sale or Contribution of Assets between an Investor and its
Associate or Joint Venture (effectiveness not yet agreed)
1.c Preparation of the accounts on a going concern basis The entity reported a net surplus of €284,441, in line with prior years’ results. Secured funding to date will be adequate to sustain it going forward: the 2016 budget approved by the Board in December 2015 indicated that grants awarded at that date were sufficient to fund the large majority of budgeted expenditure; in line with previous years, after the approval of the budget, additional income was secured through newly signed grants.
With reference to the liquidity of the entity at year end, current assets exceed current liabilities by €8,483,563; cash is €13,705,213 or 80% of total assets. The entity appears protected from potential cash flow shortages. As such, there is no significant doubt on the financial sustainability of the entity in the next 12-18 months. The accounts are therefore being prepared on a going concern basis.
1.d Use of estimates The preparation of financial statements in conformity with IFRS requires management to make judgements and estimates that affect the valuation of assets, income, liabilities and expenses. These estimates and judgements are based on asumptions that are considered reasonable in the circumstances, having regard to historical experience. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.
17 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
1.e Basis of consolidation These financial statements aggregate the results of the Secretariat and of Friends of Transparency International (FOTI) on a line-by-line basis. A separate set of financial statements for the Secretariat is not presented.
As per the assessment performed by the Secretariat, based on the provisions of IFRS 10, FOTI is the only organisation to be consolidated into the Secretariat’s accounts. On the basis of current arrangements, TI-S has significant influence over Transparency International Liaison Office to European Union AISBL (henceforth TI-EU); however, since TI-S has no direct equity interest in TI-EU, this is presented at nil value in TI-S’s Statement of Financial Position. Full disclosure on the transactions between TI-S and TI-EU is given under note 18 – Related parties.
Other entities belonging to the TI Movement –subsequently referred to as “coalition partners”- share common strategic goals and meet certain agreed accreditation requirements; however, these are fully independent from the Secretariat per the criteria set by IFRS 10 and therefore report separately.
1.e.1 Consolidated entity FOTI is a charity incorporated in the state of Minnesota, USA, and granted tax exempt status as per art. 501(c)3 of the United States Internal Revenue Code. It was founded in 2014 with TI-S as its sole member. The entity has currently no employees, and its registered address is:
777 UN Plaza, Suite 3D, New York NY 10017 – United States
During 2015, TI-S and FOTI jointly implemented two projects, which originated the following intragroup transactions:
Project Main Donor01-Jan-2015
Deferred income/ (open adv ance)
Cash receiv ed/(sent)
Project income/ (ex penditure)
31-Dec-2015 Deferred income/ (open adv ance)
all amounts are stated in Euros
Land Grabbing Wellsprings - 253,479 (128,271) 125,208 Advocacy Omydiar - 284,638 (172,164) 112,474
N OT E: headings refer to the relevant account in TI-S's separate books and, in brakets, to the correspondent account in FOTI's
INTRAGROUP TRANSACTIONS between TI-S and FOTI
Additionally, TI-S provided administrative and accounting services to FOTI on a pro-bono basis. The value of the services was estimated based on the total standard cost for TI-S of the resources employed as €12,175.
1.e.2 Change in accounting policy The relationship between FOTI and the Secretariat was re-assessed during 2015, as the US entity became operational. The analysis performed concluded that, considering the notion of control included in IFRS 10, the entity is to be consolidated. This constitutes a change in accounting policy compared to the prior year, when TI-S did not present consolidated financial statements. Complying with IAS 8, the effects of a restropective application of the current accounting policy are given in the below summary statements :
18 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
STATEMENT OF FINANCIAL POSITION 31-Dec-15 31-Dec-2014RESTATED
all amounts are stated in Euros
AssetsCurrent assets 16,826,317 15,961,633 Non-current assets 333,664 311,496
Assets, total 17,159,981 16,273,129
Liabilities and reservesCurrent liabilities 8,342,754 12,649,971 Non-current liabilities 4,910,874 1,250 Reserves 3,906,353 3,621,907
Liabilities and reserves, total 17,159,981 16,273,129
STATEMENT OF COMPREHENSIVE INCOME 2015 2014Operating income - 26,850,277 Operating expenses - (26,714,237)Financial result - 25,893
Comprehensive income, total - 161,929
STATEMENT OF CHANGES IN RESERVES Free Designated Total01-Jan-14 2,535,483 924,500 3,459,983 Surplus 161,929 161,929
31-Dec-14 2,697,412 924,500 3,621,912 Surplus 284,441 284,441
31-Dec-15 2,981,853 924,500 3,906,353
Specifically, the increase in “current assets” by €234,175 in 2014, reflects the receipt in cash of a grant from the Wellsprings Foundation, which has its corresponding entry in “current liabilities” (deferred income). The project, named “Women, Land and Corruption”, is being implemented by TI-S in 2015 and 2016.
1.f Cash and cash equivalents
Cash and cash equivalents include cash in hand, cash at bank and short term deposits. Short term bank deposits are funds not immediately accessible, where deposits mature within six months of the date of the Statement of Financial Position.
Cash and cash equivalents denominated in foreign currencies are measured at fair value, using the bank exchange rate at the date of the Statement of Financial Position.
1.g Current assets and liabilities Current assets are measured at their recoverable amount, while current liabilities are measured at the amount expected to be paid. All current balances are due within one year.
Allowances for the impairment of “accounts receivable” and “advances to project partners” are made if the collection of the balance is doubtful. The amount of the allowance is the difference between the carrying amount of the asset and its recoverable amount.
19 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
1.h Non-Current assets Non-current assets include tangible and intangible fixed assets, and financial assets. The recognition criteria for each category of non-current asset is detailed below.
1.h.1 Tangible and intangible fixed assets Tangible assets include office equipment and furniture, while intangible assets comprise software and licences. Compliant with IAS 16 and 38, both are initially recorded at cost and thereafter presented at the lower of historical cost less accumulated depreciation and their recoverable amount.
TI-S can obtain licences for certain software at highly discounted or nil price. Availability of open source or favourably priced software appears customary for charities; as such, licences obtained at these conditions are not considered in-kind donations in these financial statements.
Depreciation is calculated on a straight-line basis over the useful life of each item; on average, the useful lives of TI-S’s main classes of assets are estimated as follows :
ASSET CLASS yearsFurniture 12Servers and other IT hardw are 8Computers, softw are, licences 3
Disposals are recorded when the assets are scrapped or sold. Cost of maintenance is expensed as incurred.
1.h.2 Financial assets Financial assets include a minority equity interest presented at fair value and deposits on leases due beyond one year, which are presented at amortised cost, using the effective interest method in accordance with IFRS 9. 1.i Non-Current liabilities Non-current liabilities include funds available to TI-S for the purpose of supporting the long-term sustainability of the TI Movement, therefore not relating to the continuing activities of the Secretariat. Funds are currently kept in cash and cash equivalents, while the Board is evaluating options to use them.
The funds are recognised at their historical value at the time TI-S was entitled to use the principal of the awarded funds. In previous years, since TI-S was only allowed to spend the interest matured, the principal was disclosed as a contingent asset in the notes.
1.j Provisions Provisions are recognised in accordance with IAS 37, when TI-S has a present obligation resulting from a past event that will determine a probable outflow of economic benefits, of which a reliable estimate can be made.
A provision has been set aside this year in relation to an “organisational transformation”, to which the Board committed in December 2015. The provision is accrued in compliance with IAS 37:73-80, Entity restructuring, considering that:
a) the envisaged changes constitute a “fundamental reorganisation that has a material effect on the focus of the entity’s operations”;
20 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
b) the set of recommendations adopted by the Board constitutes a detailed plan, particularly with reference to certain activities;
c) Management has committed to the restructuring through several statements preceding the Board’s resolution, through the resolution itself and through the start of its implementation in late 2015.
Compliant with accounting standards, the provision is estimated by including costs that are not associated with the continuing operations of the Secretariat.
1.k Changes in reserves Changes in reserves are accounted for in accordance with TI’s Charter. Additionally, TI-S is subject to the requirements of the German Tax Code (Abgabenordnung § 55, 62) which defines maximum and minimum levels of reserves, and requires that the reserves are used exclusively for charitable purposes, as defined in the entity’s charter.
1.l Accounting for income TI-S receives income mainly from grants, with residual amounts of funds being raised through individual donations, performance of charitable activities, and finance income. Regardless of the origin of the income, all contributors to income are henceforth defined as “donors”. The recognition criteria for each category of income is detailed below.
1.l.1 Grant income Grant income is accounted for in accordance with IAS 20. As such, income is recognised when there is reasonable assurance that (a) the grant will be received and (b) the entity will comply with the conditions attached to the grant. TI-S considers proviso (a) met when the formal offer of funding is communicated in writing. Proviso (b) is met when the activities required by the grant have been performed or the objectives upon which the grant is conditional have been met.
When entitlement is dependent on certain specific performance conditions, funds are identified as “restricted” and recognised as income when conditions are satisfied. This is usually proportional to the relevant expenditure incurred. When grants are awarded to cover the general expenditure of the organisation, they are identified as “unrestricted” and recognised as income when TI-S is entitled to their receipt, over the period they are intended to fund.
Grants received but not yet utilised are presented in the Statement of Financial Position as current liabilities under “deferred income” (formerly “donors funding receive in advance” and “liabilities to donors”) ; grants committed and utilised but not yet received in cash are presented within current assets under “accrued income” (formerly “donor commitments”).
1.l.2 Individual Donations Consistent with the provisions of IAS 20, individual donations are recognised when receivable. An individual donation is deemed to be receivable when actually received, e.g. in the case of voluntary cash payments collected via TI-S’s website; or when a contract is in place and any outstanding conditions under the contract have been met, e.g. contributions from legacies are recognised when the administrator confirms the transfer of title of the equity.
Donations in kind, if any, are recognised at fair value when received using a reliable estimate of the cost of the donated goods or services.
1.l.3 Income from charitable activities In a limited number of circumstances, TI-S receives income (“Zweckbetrieb”) as a remuneration for the performance of activities directly connected with its charitable purposes (“Gemeinnützigkeit”). The related
21 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
income is recognised according to IAS 18 and therefore by reference to the stage of completion of the transaction at the end of the reporting period.
1.l.4 Finance income Finance income comprises interest income on deposits and exchange rate gains. Interest income and realised exchange rate gains are recognised when TI-S becomes entitled to them. Unrealised exchange rate gains are accounted for in compliance with IAS 21, as detailed in note 1.n.
1.m Accounting for expenditure
The expenditure of TI-S comprises operating expenditure incurred at the Secretariat, operating expenditure incurred by project partners, and finance costs. The recognition criteria for each category of expenditure are detailed below.
1.m.1 Operating expenditure incurred at the Secretariat Operating expenditure incurred at the Secretariat consists generally of staff salaries, office running costs, travel costs and consultancy fees. Service and labour costs are recognised in line with the rendering of services and labour; purchases of goods are recognised when TI-S acquires title to their property.
Office running costs include lease costs, related to office space and equipment. Under current lease contracts, a significant portion of the risks and rewards of ownership are effectively retained by the lessor. As such, in accordance with IAS 17, these are classified as operating leases, and the related payments are charged to the Statement of Comprehensive Income on a straight line basis over the period of the lease. Further information on leases is provided under note 23.
1.m.2 Operating expenditure incurred by project partners A portion of TI-S’s expenditure is incurred by project partners that recieve grants from the Secretariat, mostly for the implementation of grant-funded projects. Most project partners are National Chapters, National Chapters in Formation and National Contacts: these are referred to collectively as Coalition Partners. Expenditure is accounted for when incurred by the partner. The Secretariat estimates the expenditure incurred based on periodic reports issued by partners, which are assessed for accuracy and compliance with donor requirements and good practice. In previous financial statements, the estimate of expenditure incurred was only based on final reports, which were either audited or supported by the documentation requested by donor agreements. Considering the current quality of project reporting across partners, TI-S also bases its estimates of expenditure on interim reports. In Annex 3 to these financial statements, TI-S differentiates between expenditure reported through final and interim reports, noting that the latter amounts to €4,351,734. Grants disbursed but not yet spent by coalition partners are included in the Statement of Financial Position as “Advances on ongoing projects” (formerly: “advances to national chapters and coalition partners”). Donor funds disbursed to finance those outstanding advances are included within “deferred income, current” (formerly: “liabilities to donors”).
1.m.3 Finance costs Finance costs comprise interest cost on deposits and exchange rate losses. Interest cost are recognised on an accrual basis. Unrealised exchange rate losses are accounted for in compliance with IAS 21, as detailed in note 1.n.
1.m.4 Cost accounting and full cost recovery Direct expenditure is systematically allocated to projects and activities. Indirect costs are apportioned to each project according to a standard methodology based on staff taking part on the relevant project or activitiy.
22 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Indirect costs include expenditure related to financial, human resources and IT management, as well as office running costs. TI-S strives to achieve full cost recovery on every implemented project.
1.n Foreign currency translation
Unrealised exchange rate gains and losses are recognised at the date of the Statement of Financial Position, as a result of the conversion of all monetary assets and liabilities denominated in a foreign currency into Euros, at the exchange rate prevailing at year end. “deferred income”, “accrued income” and “advances to project partners” are not considered monetary items.
1.o Taxation The Secretariat is registered as an incorporated charity in Germany (“eingetragener Verein”, “Gemeinnützig”); it has no trading income, and therefore no liability for income tax (“Körperschaftssteuer” and “Gewerbesteuer”). TI-S is also registered as a small entrepreneur for VAT purposes; none of its income is subject to VAT, which implies that all VAT paid on purchases is an unrecoverable cost.
1.p Pensions
The cost of pension and post-employment benefits schemes are included in the Statement of Comprehensive Income as they are incurred, according to IAS 19. None of these schemes are a defined benefit scheme.
23 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
2. FINANCIAL RISK MANAGEMENT Compliant with IFRS 7, TI-S discloses below an assessment of its exposure to financial risks, which include: market risk, credit risk and liquidity risk. Market risk is seen as resulting from the combination of foreign exchange risk and interest rate risk; as TI-S holds only one equity instrument of trivial value, price risk is considered insignificant.
TI-S does not hold any derivative financial instruments, and measures most of its financial instruments at fair value, as noted in note 2.d.
2.a Market risk
2.a.1 Foreign exchange risk Foreign currency risk relates to the potential losses incurred by the entity as a consequence of the change in the value of its financial instruments denominated in foreign currencies, due to exchange rate fluctuations.
Since the majority of expenditure is incurred in Euros, TI-S seeks to maximise receipts in Euros, as a way to naturally hedge against exchange rate fluctuations.
Income received in foreign currencies is, however, significant. Per TI-S’s Foreign Exchange policy, foreign currency held (resulting from donations’ received) has to approximate the forecast expenditure to be incurred in each currency, thus maximising the natural currency hedge. When differences between budgets denominated in a foreign currency and forecast expenditure in Euros arise, they are monitored on a timely basis and, if necessary, discussed with the donor to adapt planned activities to existing funds.
The tables below summarise the currency exposure per foreign currency and risk class, as of 31 December 2015 and 31 December 2014:
all amounts are stated in Euros
CURRENCY EXPOSUREEUR GBP USD OTHER TOTAL
Cash and cash equivalents 9,105,594 2,244,340 2,355,279 - 13,705,213 Accounts receivable 1,101,302 53 166,390 - 1,267,745 Other current assets 227,367 3,342 13,365 - 244,074 Accounts payable (1,123,591) (52,545) (87,124) (48,958) (1,312,218)
Foreign currency exposure 9,310,672 2,195,190 2,447,910 (48,958) 13,904,814
CURRENCY EXPOSUREEUR GBP USD OTHER TOTAL
Cash and cash equivalents 8,041,506 752,618 128,473 - 8,922,597 Accounts receivable 448,269 449,908 182,362 - 1,080,539 Other current assets 132,701 26,914 876 4,673 165,164 Accounts payable (1,104,946) 8,497 (96,320) (18,932) (1,211,701)
Foreign currency exposure 7,517,530 1,237,937 215,391 (14,259) 8,956,599
31 December 2015
31 December 2014
Other significant balances, including “advances to project partners”, “accrued income” and “deferred income” relate to non-monetary items, and therefore are not included as part of the currency exposure. Actual exposure decreased significantly in early 2016 with no significant impact on the organisation’s finances, as detailed in note 3.
24 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
2.a.2 Interest rate risk Interest rate risk relates to the additional costs or reduced income depending on changes in interest rates over time.
All bank deposits have a maturity date that is below one year; as of 31 December 2015, TI-S cash is invested in immediately available cash accounts and in one fixed term (6-months) deposit.
Interest income received is nil or minimal (the maximum rate received is currently 0.34% per year) and not considered for budgeting purposes. TI-S has no interest-bearing liabilities. As such, interest rate risk is considered very low and not material to the entity.
2.b Credit risk Credit risk is the risk of financial loss due to a counterparty to a financial instrument failing to meet its contractual obligations. The carrying amount of the entity’s financial assets represents its maximum credit exposure. Impairment losses, if any, are recognised in the Statement of Comprehensive Income.
Exposure to credit risk is significantly influenced by the individual characteristics of the counterparties. TI-S has two main classes of counterparties:
Banks, where significant amounts of cash are deposited, and Project partners that receive advances for project implementation.
With reference to banks, TI-S operates with four major global institutions. Below are summarised the current Standard and Poor’s ratings for the banks working with the Secretariat:
Commerzbank AG BBB+Deutsche Bank AG BBB+Citibank N.A. ABank of America N.A. A
Standard & Poor's long term rating
Project partners are small and medium-size entities, which are not publicly rated. The Secretariat systematically monitors financial risks associated with project partners.
Based on this assessment, the Secretariat estimates the fair value of outstanding advances and receivables, by provisioning or writing off the amounts deemed irrecoverable. Further detail on the receivables written off are given in notes 4 and 6.
2.c Liquidity risk Liquidity risk is the risk that the organisation encounters difficultly in meeting the obligations associated with settling its financial liabilities by the delivery of cash.
TI-S has a robust financial monitoring and reporting system, which allows it to foresee liquidity needs well in advance, and assess them against expected receipts. Expected cash flows, however, are taken into consideration starting from the project-development stage, with the aim of minimising advanced expenditure and pressure on the entity’s cash reserves.
TI-S keeps a significant portion of its reserves in cash, to minimise liquidity risk. Moreover, it is in a position to borrow short-term liquidity from its banks, although this has never been necessary to date.
25 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
The Board of Directors and its Finance Committee receive regular updates on the Secretariat’s cash position.
2.d Fair value Most of the Secretariat’s financial assets are measured at fair value, consistent with the entity’s operating model, and the contractual terms of the instruments (IFRS 9).
Due to the nature and duration TI-S’s financial instruments, their carrying amount, less any impairme mng and ptn review commentsnt noted, e.g. on receivables and advances, is considered in line with their fair value.
3. CASH AND CASH EQUIVALENTS
31-Dec-15 31-Dec-14all amounts are stated in Euros
Petty cash 2,926 9,181 Cash at bank 13,702,287 8,913,416
Cash, total 13,705,213 8,922,597
CASH AND CASH EQUIVALENTS
Part of the cash at bank is in foreign currency. Cash held by currency is as follows:
foreign currency Euro foreign currency Euro
Euro 9,105,594 8,041,506 Pound Sterling 1,649,702 2,244,340 597,493 752,618 United States Dollar 2,565,370 2,355,279 156,545 128,473
Cash, total 13,705,213 8,922,597
31-Dec-15 31-Dec-14CASH BY CURRENCY
Foreign currencies have been converted using the below exchange rates:
31-Dec-15 31-Dec-14
Pound Sterling per Euro 0.7350 0.7806 United States Dollar per Euro 1.0892 1.2185
EXCHANGE RATES
The increased exposure in USD and GBP was significantly reduced in January 2016 by converting the funds into Euro. Conversion rates were in line with those existing at year end.
26 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
4. DEBTORS
31-Dec-15 31-Dec-14all amounts are stated in Euros
Receivables from project partners 156,731 74,609 Receivables from personnel 37,667 21,342 Receivables from others 20,108 173,484 Provision for doubtful accounts (27,357) -
Debtors, total 187,149 269,435
DEBTORS
Receivables from project partners mainly relate to balances unspent at the end of projects, which are to be given back in cash to the Secretariat. Receivables from others include mainly travel reimbursement requests. In prior years, the balance included “advances to suppliers” for €148,948, which have been reclassified to “other current assets”.
“Receivables from project partners” and “receivables from others” are classified by ageing as follows:
31-Dec-15 31-Dec-14all amounts are stated in Euros
Neither past due nor impaired 28,478 167,963 Past due 1-30 days 106,831 15,053 Past due 31-90 days 11,288 2,091 Past due 91-180 days - 30,600 Past due greater than 180 days 30,242 32,386
Receivables from project partners and others, total 176,839 248,093
AGEING OF RECEIVABLES
On the basis of the analysis above (see note 2.b), TI-S establishes a provision for doubtful debts for amounts past the due date where there is no reasonable expectation of receiving the funds.
5. ACCRUED INCOME “Accrued income” (formerly: “donor commitments”) consists of grant income recognised in the Statement of Comprehensive Income, which has not yet been received in cash.
27 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agenciesU.S. Department of State United States 47,850 - Foreign & Commonw ealth Office (FCO) United Kingdom 29,950 103,160 U.S. Agency for International Development (USAID) United States 15,989 15,989 Anti-Corruption Commission of Bhutan Bhutan 4,000 - Ministry of Foreign Affairs The Netherlands - 240,000 Department for International Development (DfID) United Kingdom - 207,001 Islamic Republic of Mauritania Mauritania - 94
Government agencies, total 97,789 566,244
Multilateral institutionsEuropean Commission 395,437 21,827 Financial Mechanism Office (FMO) 18,538 42,689 European Bank for Reconstruction and Development (EBRD) 7,000 - United Nations Development Programme (UNDP) 161,721 8,446 United Nations Office on Drugs and Crime (UNODC) - 4,448
Multilateral institutions, total 582,696 77,410
Corporate donorsErnst & Young LLP 350,000 71,768 Pricew aterhouseCoopers LLP 7,000 14,000 BP International - 7,000
Corporate donors, total 357,000 92,768
Individual donorsDetlev Elsner 2,000 - Others (low er than €1,000) 7,520 6,926
Individual donors, total 9,520 6,926
Others (e.g. research institutes, NGOs)Christian Michelsen Institute (CMI) 33,591 35,962 Universität Konstanz - 31,794
Others, total 33,591 67,756
Accrued income, total 1,080,596 811,104
ACCRUED INCOME
No accrued amounts are overdue or impaired.
6. ADVANCES TO PROJECT PARTNERS Advances to project partners include outstanding balances of payments relating to the implementation of ongoing projects. Below is an overview of advances to partners by region and type.
28 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Coalition partnersEurope and Central Asia 244,876 2,244,105Americas 354,783 233,817Sub-Saharan Africa 359,837 481,905Middle-East and North Africa 131,680 989,614Asia-Pacif ic 326,754 1,429,066
Coalition partners, total 1,417,930 5,378,507
Other project partners 214,449 207,852
Provision for doubtful advances (23,094) (27,200)
Advances to partners, total 1,609,285 5,559,159
ADVANCES TO PARTNERS BY REGION
Advances are shown net of the expenditure reported based on interim reports received. Annex 3 includes a reconciliation by partner of advances outstanding as of 31 December 2014 and 31 December 2015. The reconciliation identifies also the amount of advances currently offset by non-final documentation.
A provision for doubtful accounts is made for certain advances that have been neither properly reported upon, nor repaid in cash. A summary of its movements is presented below:
31-Dec-15 31-Dec-14all amounts are stated in Euros
Balance as of 01 January (27,200) - Release of allow ance 20,000 - Utilisation of the allow ance for w rite-offs 6,390 - Amount accrued at year end (22,284) (27,200)
Provision for doubtful accounts advances, total (23,094) (27,200)
MOVEMENTS IN THE PROVISION FOR DOUBTFUL ACCOUNTS, ADVANCES
The release of a prior year provision is due to the unexpected repayment of a project advance that had been put under moratorium in 2014.
7. OTHER CURRENT ASSETS
31-Dec-15 31-Dec-14all amounts are stated in Euros
Advances to suppliers 21,407 - Prepaid expenses 207,142 149,135Deposit on leases 15,525 16,028
Other current assets, total 244,074 165,163
OTHER CURRENT ASSETS
29 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Other current assets are mostly related to advance payments of operating costs, including pension costs, rent, licences and membership fees.
“Advances to suppliers” was reclassified here from “debtors”.
8. TANGIBLE AND INTANGIBLE FIXED ASSETS
all amounts are stated in Euros
Software Licences Equipment Furniture TotalACQUISITION COSTBalance at 01 January 2015 97,047 61,104 667,903 15,087 841,141Additions 4,321 20,157 147,170 1,881 173,529Disposals - (18,063) (23,179) - (41,242)Reclassif ied in the year 40,580 (40,580) - - -
Balance at 31 December 2015 141,948 22,618 791,894 16,968 973,428
DEPRECIATIONBalance at 01 January 2015 97,047 22,056 509,480 4,245 632,828Depreciation for the year 14,361 8,783 98,751 1,471 123,366Disposals - (5,590) (23,179) - (28,769)Reclassif ied in the year 4,509 (4,509) - - -
Balance at 31 December 2015 115,917 20,740 585,052 5,716 727,425
BOOK VALUEBalance at 01 January 2015 - 39,048 158,422 10,843 208,313
Balance at 31 December 2015 26,031 1,878 206,842 11,252 246,003
MOVEMENTS IN NON-CURRENT ASSETSTangible AssetsIntangible Assets
The significant increase in equipment relates to the purchase of 85 new laptops to replace obsolete ones.
9. FINANCIAL ASSETS Investments of €2,500 relate to a 10% stake in the International Civil Society Centre (ICSC), a global learning and exchange platform for international civil society organisations. These were purchased at their nominal value in 2009, but only €1,250 has been paid to date. The outstanding amount due of €1,250 is shown as “other non-current liabilities”.
“Other financial assets” relate to security bank deposits for office space in Berlin. The total amount of security deposits is €85,161 including interest of €2,746 at 31 December 2015.
30 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
10. LIABILITIES TO PROJECT PARTNERS Liabilities to project partners relate to balances due for ongoing and completed projects. The closing balance of €422,912 increased compared to prior year (when it was €114,961) due to the change in estimating expenditure at partner level (see note 1.m.2) which now includes interim periodic reports.
31-Dec-15 31-Dec-14all amounts are stated in Euros
Coalition partnersEurope and Central Asia 194,600 10,390 Americas 14,545 2,247 Sub-Saharan Africa 18,601 23,938 Middle-East and North Africa 13,295 3,099 Asia-Pacif ic 6,956 23,467
Coalition partners, total 247,997 63,141
Other project partners 174,914 51,820
Liabilities to partners, total 422,911 114,961
LIABILITIES TO PARTNERS BY REGION
11. LIABILITIES TO SUPPLIERS
31-Dec-15 31-Dec-14all amounts are stated in Euros
Liabilities to suppliers 348,481 294,693 Year-end accruals 197,791 -
Liabilities to suppliers, total 546,272 294,693
31-Dec-15 31-Dec-14all amounts are stated in Euros
Honoraria 272,770 201,972 Travel 41,824 43,789 Utitlies 9,134 28,082 Other 24,753 20,850
Liabilities to suppliers, total 348,481 294,693
LIABILITIES TO SUPPLIERS
LIABILITIES TO SUPPLIERS
The total amount increased this year because the balance is presented including year-end accruals for invoices to be received in early 2016, which was previously disclosed under “other current liabilities”.
31 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
12. OTHER CURRENT LIABILITIES
31-Dec-15 31-Dec-14all amounts are stated in Euros
Liabilities to staffTravel reimbursements 15,280 40,889Performance-related compensation - 210,000Vacation entitlements 229,630 261,856Additional leave entitlements 7,719 12,315Salary 224 -
Liabilities to staff, total 252,853 525,060
Liabilities to other partiesto Fiscal Authorities for VAT 71,107 71,914to Board Members 10,031 18,732to Donors for interest on deferred income 8,850 12,193Other 193 13,350
Liabilities to other parties, total 90,181 116,189
Other accruals - 160,799
Other current liabilities, total 343,034 802,048
OTHER CURRENT LIABILITIES
Performance-related compensation was paid earlier than in prior years, in December 2015. “Other accruals” included accruals for invoices to be received at year-end; it has been reclassified under “liabilities to suppliers” as of 31 December 2015.
13. DEFERRED INCOME, CURRENT “Deferred income” (formerly the sum of: “liabilities to donors” and “donor funding received in advance”) represents restricted and unrestricted funding received but not yet recognised as income. Part of the funds have been advanced to partners as disclosed in “advances to project partners” (note 6).
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agencies 3,284,013 5,961,722Multilateral institutions 1,673,168 4,092,740Foundations and trusts 1,267,164 1,128,709Corporate donors 787,877 7,141Coalition partners - 446Others 18,315 13,500
Deferrred income, total 7,030,537 11,204,258
DEFERRED INCOME BY ENTITY TYPE
32 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Unrestricted deferred income 1,738,844 495,000Restricted deferred income 5,291,693 10,709,258
Deferred income, total 7,030,537 11,204,258
DEFERRED INCOME BY CLASS
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agencies Department for International Development (DfID) United Kingdom 1,738,844 495,000
Unrestricted deferred income, total 1,738,844 495,000
UNRESTRICTED DEFERRED INCOME
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agencies Bundesministerium für Umw elt, Naturschutz, Bau und Reaktorsicherheit (BMUB) Germany 272,365 111,104 Department for International Development (DfID) United Kingdom 245,254 293,022 Ministry of Foreign Affairs and Trade New Zealand 132,984 259,133 Irish Aid Ireland 130,000 200,000 Bundesministerium für w irtschaftliche Zusammenarbeit und Entw icklung (BMZ) Germany 106,764 3,072 Gesellschaft für internationale Zusammenarbeit (GIZ) Germany 102,667 413,349 Norw egian Agency for Development Cooperation (NORAD) Norw ay 91,606 391,102 SPF Affaires étrangères, Commerce extérieur et Coopération au Développement Belgium 78,300 - Department of Foreign Affairs and Trade (DFAT) Australia 77,234 2,359,424 Ministry of Foreign Affairs Estonia 73,395 63,772 Ministere des Affaires étrangères et du Développement international France 50,000 - U.S. Department of State United States 48,169 - Ausw ärtiges Amt Germany 48,116 - Sw edish International Development Cooperation Agency (SIDA) Sw eden 30,880 1,200,964 Ministry for Foreign Affairs Finland 28,880 100,000 Ministry of Foreign Affairs Norw ay 21,110 - Independent Commission Against Corruption (ICAC) China 4,356 - Foreign & Commonw ealth Office (FCO) United Kingdom 3,089 35,760 St Maarten Sint Maarten - 22,052 Ministry of the Interior and Kingdom Relations Netherlands - 13,968
Government agencies, total 1,545,169 5,466,722
RESTRICTED DEFERRED INCOME
33 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Multilateral institutionsEuropean Commission 1,575,556 4,005,676 United Nations Office for Project Services (UNOPS) 51,209 - United Nations Development Programme (UNDP) 39,403 85,868 European Bank for Reconstruction and Development (EBRD) 7,000 - United Nations Office on Drugs and Crime (UNODC) - 1,200 The United Nations Democracy Fund (UNDEF) - (4)
Multilateral institutions, total 1,673,168 4,092,740
Foundations and trustsWilliam and Flora Hew lett Foundation 425,481 573,612 Foundation Open Society Institute (FOSI) 254,659 171,064 Stichting Adessium 247,310 138,974 Wellspring Advisors, LLC 125,208 - Omidyar Netw ork Fund, Inc. 112,474 - Open Society Initiative for West Africa (OSIWA) 92,883 - Research Trust of Victoria University of Wellington 5,874 - Seattle International Foundation 3,275 - National Endow ment for Democracy (NED) - 181,639 Sigrid Rausing Trust - 44,018 The Tony Elumelu Foundation - 19,402
Foundations and trusts, total 1,267,164 1,128,709
Corporate donorsSiemens AG (Siemen’s Integrity Fund) 400,506 - Ernst & Young, LLP 350,000 - Warburg Pincus, LLC 12,731 7,141 Pricew aterhouseCoopers, LLP 7,000 - SGS AG 7,000 - Stora Enso Oyj 7,000 - Sanlam Life Insurance Limited 3,640 -
Corporate donors, total 787,877 7,141
Coalition partnersTransparency International Deutschland e.V - 446
Coalition partners, total - 446
Other (research institutes, other NGOs, other)Center for International Policy 14,451 13,500 Results for Development Institute 3,864 -
Other (research institutes, other NGOs, other), total 18,315 13,500
Restricted deferred income, total 5,291,693 10,709,258
RESTRICTED DEFERRED INCOME
34 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
14. DEFERRED INCOME, NON CURRENT The non-current portion of deferred income includes funds formerly identified as “endowment funds”. Contract provisions did not allow disposal of the principal of the funds until 2015, when this limitation was lifted. The Board is currently defining the way to employ these amounts; it is clear though that they will be used to ensure the long-term sustainability of the movement rather than to finance its day-to-day operations: as such, they are classified as non-current.
15. PROVISIONS On 12 December 2015, the Board adopted a set of resolutions relating to an organisational transformation plan for the Secretariat. The plan is the result of an organisational review conducted in the summer of 2015 by an external consultant at the request of the Board. As noted in 1.j above, the plan constitutes an entity restructuring and, as required by IAS 37, TI-S created a provision for costs not relating to the ordinary course of business, for which management has a constructive obligation as of 31 December 2015 and can be reliably estimated. The provision includes an accrual for the hiring of an Interim HR Director, a Strategic Adviser and a Change Manager; additionally, it provides for expected legal costs and severance payments.
31-Dec-15 31-Dec-14all amounts are stated in Euros
Organisational transformation 781,052 - Other provisions 50,639 -
Provisions, total 831,691 -
PROVISIONS
Other provisions include €19,685 for the legal and other costs associated with the ongoing court proceedings at the Berlin Labour Court to seek clarity about the nature of TI-S as an organisation in relation to the Works Constitution Act. In addition, they include €30,954 claimed back by a donor on two projects, which are still pending.
16. RESERVES Reserves include two designated funds:
Special fund: the fund is earmarked to support the organisational realignment with the Strategy Network reserve: established to support Coalition Partners in emergency situations or facing
governance challenges.
35 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
17. OPERATING INCOME Operating income in 2015 increased by €247,905 or 0.92%. The tables below present operating income by funding entity and type.
31-Dec-15 31-Dec-14all amounts are stated in Euros
Unrestricted income 7,778,135 7,556,694Restricted income 19,098,929 19,151,059
Restricted and unrestricted income, total 26,877,064 26,707,753
Other income 220,935 142,341
Operating income, total 27,097,999 26,850,094
OPERATING INCOME
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agencies 18,169,086 22,562,191Multilateral institutions 5,558,154 1,787,426Foundations and trusts 1,753,988 1,134,546Corporate donors 1,036,393 585,033Individual donors 45,740 351,631Coalition partners 34,265 22,363Others (e.g. research institutes, NGOs) 279,438 264,563
Restricted and unrestricted income, total 26,877,064 26,707,753
RESTRICTED AND UNRESTRICTED INCOME BY FUNDING ENTITY
31-Dec-15 31-Dec-14all amounts are stated in Euros
Grants 26,240,971 25,895,439Private donations 45,740 351,369Charitable activities 590,353 460,945
Restricted and unrestricted income, total 26,877,064 26,707,753
RESTRICTED AND UNRESTRICTED INCOME BY TYPE
Income from private individual donations is unrestricted, with the exception of €7,374 which was donated specifically to fund the Unmask the Corrupt campaign; all income from charitable activities is restricted.
36 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
17.a Unrestricted income
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agencies Department for International Development (DfID) United Kindgom 3,533,315 2,769,226 Ministry of Foreign Affairs Netherlands 1,200,000 1,200,000 Sw edish International Development Cooperation Agency (SIDA) Sw eden 1,064,077 1,083,510 Ministry for Foreign Affairs Finland 800,000 1,000,000 Sw iss Agency for Development and Cooperation (SDC) Sw itzerland 569,855 543,986 Royal Danish Ministry of Foreign Affairs (Danida) Denmark 332,850 333,027 Irish Aid Ireland 200,000 200,000
Government agencies, total 7,700,097 7,129,749
Foundations and trustsPestalozzi Foundation 5,000 20,000 Fondation Pierre Pfister 240 4,576
Foundations and trusts, total 5,240 24,576
Corporate donorsShell International B.V. 25,000 - The Hershey Company 6,432 - Ernst & Young GmbH 3,000 - Kohlberg Kravis Roberts & Co. - 50,000 Copenhagen Business School - 1,000
Corporate donors, total 34,432 51,000
Individual donorsJohann Peter Jessen 3,000 2,260 Soren Fabian Heupel 2,925 - Detleve Elsner 2,000 2,500 Patrick Kinsch 2,000 1,500 Gregory Thomas 1,513 - Giovanna Longo 1,500 1,500 Rolf Hellenbrand 1,500 - Johannes Wery 1,000 1,000 Dorothy Parker Maloff - 320,370 Linus Boman - 1,750 Henrik Bendix - 1,050 Other (less than Euro 1,000 each) 22,928 19,439
Individual donors, total 38,366 351,369
Unrestricted income, total 7,778,135 7,556,694
UNRESTRICTED INCOME
37 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
17.b Restricted income
31-Dec-15 31-Dec-14all amounts are stated in Euros
Government agenciesDepartment of Foreign Affairs and Trade (DFAT) Australia 2,674,151 4,332,245 Sw edish International Development Cooperation Agency (SIDA) Sw eden 1,690,364 2,901,540 Department for International Development (DFID) United Kindgom Project: TI-UK Defence and Security Programme 959,443 870,307 Project: Vietnam 415,738 435,232 Project: Global Corruption Barometer - 33,668 Norw egian Agency for Development Cooperation (NORAD) Norw ay 985,190 1,083,037
Bundesministerium für w irtschaftliche Zusammenarbeit und Entw icklung (BMZ) Germany 1,240,867 1,106,546 Gesellschaft für internationale Zusammenarbeit (GIZ) Germany 445,182 136,116 Ausw ärtiges Amt Germany 428,986 170,359
Bundesministerium für Umw elt, Naturschutz, Bau und Reaktorsicherheit (BMUB)
Germany339,013 1,714,455
Malaysian Anti-Corruption Commission Malaysia 325,000 - Ministry of Foreign Affairs and Trade New Zealand 296,053 916,189 Ministry for Foreign Affairs Finland 171,120 50,000 Irish Aid Ireland 170,000 100,000 U.S. Department of State United States 134,743 - Foreign & Commonw ealth Office (FCO) United Kindgom 53,176 644,226 Government of the Islamic Republic of Mauritania Mauritania 46,868 94 Ministry of Foreign Affairs Estonia 30,378 41,064 St. Maarten Sint Maarten 22,052 188,919 Anti-Corruption Commission of Bhutan Bhutan 20,000 - Ministry of Foreign Affairs Netherlands 13,968 - Independent Commission Against Corruption (ICAC) China 6,697 - Ministère des Affaires étrangères et europeennes France - 300,000 Government of Tunisia Tunisia - 253,878 Sw iss Agency for Development and Cooperation (SDC) Sw itzerland - 136,455 Ministry of the Interior and Kingdom Relations Netherlands - 18,112
Government agencies, total 10,468,989 15,432,442
Multilateral institutionsEuropean Commission 5,075,454 1,387,022 United Nations Development Programme (UNDP) 347,613 160,886 Financial Mechanism Office (FMO) 75,849 182,358 Inter-American Development Bank (IDB) 27,251 - United Nations Office for Project Services (UNOPS) 18,942 - United Nations Office on Drugs and Crime (UNODC) 13,045 10,589 The United Nations Democracy Fund (UNDEF) - 38,788 European Bank for Reconstruction and Development (EBRD) - 7,783
Multilateral institutions, total 5,558,154 1,787,426
Foundations and trustsWilliam and Flora Hew lett Foundation 591,865 137,427 National Endow ment for Democracy (NED) 448,567 647,103 Omidyar Netw ork Fund, Inc. 172,164 -
RESTRICTED INCOME
38 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Foundation Open Society Institute (FOSI) 162,289 147,175 Stichting Adessium 141,664 11,026 Wellspring Advisors, LLC 128,271 - Sigrid Rausing Trust 44,018 17,976 Seattle International Foundation 20,032 - The Tony Elumelu Foundation 19,402 26 Open Society Initiative for West Africa (OSIWA) 11,350 - Research Trust of Victoria University of Wellington 9,126 - OSI Development Foundation - 142,368 The Christensen Fund - 6,869
Foundations and trusts, total 1,748,748 1,109,970
Corporate donorsSiemens AG (Siemen’s Integrity Fund) 623,498 -
Ernst & Young, LLP 228,232 264,676 Pricew aterhouseCoopers AG 111,000 -
Shell International B.V. 25,000 - Norsk Hydro 7,000 7,000 Warburg Pincus, LLC 3,871 46 Sanlam Life Insurance Limited 3,360 14,000 ENI S.p.A. - 100,000 Kohlberg Kravis Roberts & Co. - 50,000 DFL Deutsche Fußball Liga GmbH - 34,194 SGS AG - 14,000 Fundacion Ceddet - 9,600 Pricew aterhouseCoopers, LLP - 7,000 BP International - 7,000 HSBC Holdings plc. 7,000 Stora Enso Oyj - 7,000 International Federation of Inspection Agencies - 5,336 Rio Tinto Ltd. - 3,598 Aseguradora Fidelis - 3,583
Corporate donors, total 1,001,961 534,033
Coalition partnersTransparency International Schw eiz 6,411 - Transparency International Greenland 6,117 - Transparency International UK 5,879 - Transparency International Netherlands 5,501 - Transparency International Sw eden 5,272 - Transparency International Belgium 5,085 - Transparency International Deutschland e.V. - 4,124 TI Liaison Office to the European Union - 18,239
Coalition partners, total 34,265 22,363
RESTRICTED INCOME
39 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Individual donorsOther individuals 7,374 262
Individual donors, total 7,374 262
Other (research institutes, other NGOs, other)Christian Michelsen Institute (CMI) 134,534 155,752 Center for International Policy 132,975 62,875 Universidad Rey Juan Carlos 7,441 - Results for Development Institute 4,488 - Association of European Professional Football Leagues (EPFL) - 28,847 CAFOD - 2,587 Action Aid - 2,531 Sightsavers - 2,525 Oxfam - 2,523 British Red Cross - 2,522 Bond - 1,277 Worldvision International - 1,255 HelpAge International - 1,235 Conciliation Resources - 634
Other (research institutes, other NGOs, other), total 279,438 264,563
Restricted income, total 19,098,929 19,151,059
RESTRICTED INCOME
A reconciliation of the income recognised against the cash received by funding entity is presented in Annex 1 to these financial statements. A reconciliation of income recognised against expenditure incurred by funding entity and project is presented in Annex 2 to these financial statements.
17.c Other income
31-Dec-15 31-Dec-14all amounts are stated in Euros
IACC fees 90,000 - Maternity leave reimbursments 42,307 21,012 Travel expense reimbursements 37,933 81,498 Speakers' fees 960 513 Publications - 1,224 Other 49,735 38,094
Other income, total 220,935 142,341
OTHER INCOME
The income from IACC fees represents only the share of fees attributed to TI-S. Additional detailed disclosure on the financial results of the 16th IACC will be provided on their website.
40 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
18. RELATED PARTY TRANSACTIONS IAS 24:9 notes that a related party is a person or entity that:
Has control or joint control of the reporting entity; Has a significant influence over the reporting entity; or Is a member of the key management personnel of the reporting entity or of a parent of the
reporting entity.
Members of the Board of Directors and Executive Directors of the Secretariat constitute the key management personnel of the organisation as of 31 December 2015 and are therefore considered to be related parties. The Board of Directors do not receive any remuneration from TI-S; however, they received reimbursements in 2015 totalling €37,420 (in 2014: €77,115).
Until early December 2015, a group of six senior directors (the Management Group) were in charge of key managerial decisions pertaining to the Secretariat. Management Group members are employed by the entity and received salaries totalling €860,542 (in 2014: €870,662), excluding pension contributions of €47,500 (in 2014: €47,500) and reimbursements of €9,968 (in 2014: €14,708). Following the recommendations of the organisational review perfomed in 2015 (additional disclosure to this regard is given at notes 1.j and 15), the Management Group ceased to exist and key managerial decisions are now taken by two executive directors, i.e. the Managing Director and the Deputy Managing Director. Both were formerly members of the Management Group and they received salaries totalling €321,186 (in 2014: €336,883). This excludes pension contributions of €17,500 (in 2014: €17,500) and reimbursements of €3,769 (in 2014 : €5,482).
Although TI-S does not have any direct equity interest in TI-EU, the current arrangements between the entities are characterised by several qualitative factors constituting significant influence per IAS 28:6. These include participation of TI-S in TI-EU’s policy-making processes, material transactions between the two entities and interchange of managerial personnel. Current arrangements will be reassessed in 2016, which could lead to a change in the nature of the relationship between TI-S and TI-EU. During 2015, the transactions between the two entities were as follows:
TI-S supported TI-EU activities with an operational grant of €120,000 or 12.5% of its total income of €960,359. The grant was paid in arrears in early 2016, and is currently shown as a liability to TI-EU.
TI-S and TI-EU partnered on several projects. Total expenditure relating to jointly implemented projects was €184,389 in 2015, with unspent advances from TI-S to TI-EU of €20,386 and project funds to be paid in arrears by TI-S to TI-EU of €23,768.
Partners, including National Chapters, National Chapters in Formation and Contact groups, are legally and financially independent organisations registered in their countries. As such, the Secretariat cannot exert control or significantly influence them and no partner has, by itself, control or significant influence on the Secretariat.
19. PERSONNEL EXPENSES Personnel expenses include salaries, wage tax and social security contributions for all staff, as well as contributions to an individual pension plan for directors.
41 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14all amounts are stated in Euros
Salaries 8,190,441 8,804,000Social contributions 1,376,754 1,445,104Other benefit plans 125,417 113,750Other personnel costs 319,243 -
Personnel expenses, total 10,011,855 10,362,854
PERSONNEL EXPENSES
The pension plan is a defined contribution plan administered by Allianz SE. Contributions are made in favour of the Managing Director (€10,000), Group Directors (5 individuals, €7,500 each) and Directors (16 individuals, €5,000 each).
In 2015 TI-S employed an average of 162 employees (180 in 2014) of which 21 were part-time (20 in 2014). In addition, the organisation benefited from the support of 5 interns throughout the year.
“Other personnel costs” (formerly “other personnel and recruitment costs”), including administrative expenditure and some in-kind benefits for staff, have been reclassified here from “other expenses” (note 21).
20. PARTNER SUPPORT This includes all support given directly to project partners, either through grants or through direct reimbursement of expenses borne by the coalition partner. These amounts do not include expenditure paid to other third parties (e.g. consultants), whose activities might have nevertheless benefited the partner.
31-Dec-15 31-Dec-14all amounts are stated in Euros
Support through grants 10,770,361 9,379,879Other direct support 174,164 1,507,520
Partner support, total 10,944,525 10,887,399
PARTNER SUPPORT
31-Dec-15 31-Dec-14all amounts are stated in Euros
Coalition partnersEurope and Central Asia 4,368,473 2,755,821 Americas 431,172 1,202,460 Sub-Saharan Africa 1,274,074 679,865 Middle-East and North Africa 1,290,726 1,414,706 Asia-Pacif ic 2,423,610 4,290,683
Coalition partners, total 9,788,056 10,343,535
Other project partners 1,156,469 543,864
Partner support, total 10,944,525 10,887,399
PARTNER SUPPORT
42 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Annex 3 to these financial statements includes a detailed breakdown by coalition partner of the expenditure supported by the Secretariat.
21. OTHER EXPENSES
31-Dec-15 31-Dec-14all amounts are stated in Euros
Travel expenses 1,499,247 1,559,523Honoraria 1,545,429 1,839,035Surveys 565,988 160,000Maintenance, rent and leasing costs 559,658 563,232Miscellaneous expenses 466,181 246,899Publications and communications 440,016 374,544Audits, Legal & advisory costs 327,971 173,599Translations 61,489 165,835Meetings and w orkshops 162,805 78,948Office supplies 23,223 30,311Other Personnel and recruitment costs - 149,143
Other expenses, total 5,652,007 5,341,069
OTHER EXPENSES
“Other personnel and recruitment costs” have been reclassified within “personnel expenses”.
22. SUPPORT COSTS
31-Dec-15 31-Dec-14all amounts are stated in Euros
Support costs 3,252,231 3,716,678 Total organisational expenditure 26,731,753 26,714,222
Support costs as % of total expenditure 12% 14%
SUPPORT COST
23. COMMITMENTS AND CONTINGENCIES TI-S has commitments related to non-cancellable operating leases for buildings and office equipment. Total future minimum operating lease payments are as follows:
43 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
rent equipment rent equipmentall amounts are stated in Euros
w ithin 1 year 324,648 11,231 325,178 17,464 betw een 2-5 years 162,422 2,499 487,070 13,729 more than 5 years - - - -
Commitments, total 487,070 13,730 812,248 31,193
31-Dec-15 31-Dec-14MINIMUM LEASE PAYMENTS
No contingent assets or liabilities to be disclosed in compliance with IAS 37 have been identified.
24. FINANCIAL RESULT
31-Dec-15 31-Dec-14all amounts are stated in Euros
InterestInterest income 21,492 10,951Interest cost (496) (1,249)
Interest cost or income, net 20,996 9,702
Currency translationRealised gains on foreign exchange translation 15,067 5,814Realised losses on foreign exchange translation (41,794) (27,185)Unrealised gains and losses on foreign exchange translation (76,074) 37,558
Gain or loss on currency translation, net (102,801) 16,187
Financial result, net (81,805) 25,889
FINANCIAL RESULT
25. SUBSEQUENT EVENTS No event occurred between 31 December 2015 and the date of approval of these financial statements that, due to its significance and nature, required to be disclosed as a subsequent event as per the provisions of IAS 10.
44 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
ANNEXES
45
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
Anne
x 1
-Don
or fu
ndin
g sc
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leA
nnex
1 -
pag
e 1
B
Don
or n
ame
Acc
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dR
estr
icte
dU
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tric
ted
Acc
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Def
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all a
mo
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are
sta
ted
in E
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s
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ent a
genc
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Ant
i-Cor
rupt
ion
Com
mis
sion
of
Bhu
tan
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16,0
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)(4
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)
Aus
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tiges
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477,
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(428
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für
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272,
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Dep
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(207
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(1,3
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34
For
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This
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A +
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46
FINA
NCIA
L STA
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AS O
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DEC
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en22
,052
(22,
052)
Sw
edis
h In
tern
atio
nal D
evel
opm
ent C
oope
ratio
n A
genc
y (S
IDA
) S
wed
en1,
200,
964
1,58
4,35
7(1
,690
,364
)(1
,064
,077
)30
,880
30,8
80 S
wis
s A
genc
y fo
r D
evel
opm
ent a
nd C
oope
ratio
n (S
DC
) S
witz
erla
nd56
9,85
5(5
69,8
55)
U.S
. Age
ncy
for
Inte
rnat
iona
l Dev
elop
men
t (U
SA
ID)
US
A(1
5,98
9)(1
5,98
9)(1
5,98
9)
U.S
. Dep
artm
ent o
f S
tate
U
SA
135,
062
(134
,743
)31
9(4
7,85
0)48
,169
Gov
ernm
ent a
genc
ies,
tota
l (5
66,2
44)
5,96
1,72
315
,959
,831
(10,
468,
989)
(7,7
00,0
97)
3,18
6,22
4(9
7,78
9)3,
284,
013
Mu
ltila
tera
l in
sti
tuti
on
s E
urop
ean
Ban
k fo
r R
econ
stru
ctio
n an
d D
evel
opm
ent
(EB
RD
) (7
,000
)7,
000
Eur
opea
n C
omm
issi
on
(21,
827)
4,00
5,67
62,
271,
724
(5,0
75,4
54)
1,18
0,11
9(3
95,4
37)
1,57
5,55
6
Fin
anci
al M
echa
nism
Off
ice
(FM
O)
(42,
689)
100,
000
(75,
849)
(18,
538)
(18,
538)
Inte
r-A
mer
ican
Dev
elop
men
t Ban
k (ID
B)
27,2
51(2
7,25
1)
The
Uni
ted
Nat
ions
Dem
ocra
cy F
und
(UN
DEF
) (4
)4
Uni
ted
Nat
ions
Dev
elop
men
t Pro
gram
me
(UN
DP)
(8
,446
)85
,868
147,
873
(347
,613
)(1
22,3
18)
(161
,721
)39
,403
Uni
ted
Nat
ions
Off
ice
for
Proj
ect S
ervi
ces
(UN
OPS
) 70
,151
(18,
942)
51,2
0951
,209
Uni
ted
Nat
ions
Off
ice
on D
rugs
and
Crim
e (U
NO
DC
) (4
,448
)1,
200
16,2
93(1
3,04
5)
Mul
tilat
eral
inst
itutio
ns, t
otal
(7
7,41
0)4,
092,
740
2,63
3,29
6(5
,558
,154
)-
1,09
0,47
2(5
82,6
96)
1,67
3,16
8
Fou
nd
atio
ns
an
d t
rus
ts F
ound
atio
n O
pen
Soc
iety
Inst
itute
(FO
SI)
159,
875
257,
073
(162
,289
)25
4,65
925
4,65
9
Fou
ndat
ion
Pier
re P
fiste
r 24
0(2
40)
Cas
h re
ceiv
ed/
(pai
d) d
urin
g th
e ye
ar
Clo
sing
ba
lanc
e
of w
hich
:In
com
e re
cogn
ised
CA
D =
A +
B +
CFu
nds
avai
labl
e at
01-
Jan
47
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
An
ne
x 1
-Do
no
r fu
nd
ing
sch
ed
ule
Ann
ex 1
- p
age
3B
Don
or n
ame
Acc
rued
Def
erre
dR
estr
icte
dU
nres
tric
ted
Acc
rued
Def
erre
d
Nat
iona
l End
owm
ent f
or D
emoc
racy
(N
ED)
181,
639
266,
928
(448
,567
)
Om
idya
r N
etw
ork
Fund
, Inc
. 28
4,63
8(1
72,1
64)
112,
474
112,
474
Ope
n S
ocie
ty In
itiat
ive
for
Wes
t Afr
ica
(OS
IWA
) 11
,188
93,0
45(1
1,35
0)92
,883
92,8
83
Pes
talo
zzi F
ound
atio
n 5,
000
(5,0
00)
Res
earc
h Tr
ust o
f V
icto
ria U
nive
rsity
of
Wel
lingt
on
15,0
00(9
,126
)5,
874
5,87
4
Sea
ttle
Inte
rnat
iona
l Fou
ndat
ion
23,3
07(2
0,03
2)3,
275
3,27
5
Sig
rid R
ausi
ng T
rust
44
,018
(44,
018)
Stic
htin
g A
dess
ium
13
8,97
425
0,00
0(1
41,6
64)
247,
310
247,
310
The
Ton
y El
umel
u Fo
unda
tion
19,4
02(1
9,40
2)
Wel
lspr
ing
Adv
isor
s, L
LC
25
3,47
9(1
28,2
71)
125,
208
125,
208
Willi
am a
nd F
lora
Hew
lett
Foun
datio
n 57
3,61
244
3,73
4(5
91,8
65)
425,
481
425,
481
Fou
ndat
ions
and
trus
ts, t
otal
-
1,38
2,18
71,
638,
965
(1,7
48,7
48)
(5,2
40)
1,26
7,16
4-
1,26
7,16
4C
orp
ora
te d
on
ors
BP
Inte
rnat
iona
l (7
,000
)7,
000
Ern
st &
You
ng, L
LP
(71,
768)
303,
000
(228
,232
)(3
,000
)(3
50,0
00)
350,
000
The
Her
shey
Co.
6,
432
(6,4
32)
Nor
sk H
ydro
7,
000
(7,0
00)
Pric
ewat
erho
useC
oope
rs A
G (
*)
(111
,000
)
Pric
ewat
erho
useC
oope
rs, L
LP
(14,
000)
14,0
00(7
,000
)7,
000
San
lam
Life
Insu
ranc
e Li
mite
d 7,
000
(3,3
60)
3,64
03,
640
SG
S A
G
7,00
07,
000
7,00
0
She
ll In
tern
atio
nal B
.V.
50,0
00(2
5,00
0)(2
5,00
0)
Sie
men
s A
G
1,02
4,00
4(6
23,4
98)
400,
506
400,
506
Sto
ra E
nso
Oyj
7,
000
7,00
07,
000
War
burg
Pin
cus,
LLC
7,
141
9,46
1(3
,871
)12
,731
12,7
31
Cor
pora
te d
onor
s, to
tal
(92,
768)
7,14
11,
434,
897
(1,0
01,9
61)
(27,
432)
430,
877
(357
,000
)78
7,87
7
Cas
h re
ceiv
ed/
(pai
d) d
urin
g th
e ye
ar
AD
= A
+ B
+ C
Fund
s av
aila
ble
at 0
1-Ja
nC
losi
ng
bala
nce
of w
hich
:In
com
e re
cogn
ised
C
48
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
An
ne
x 1
-Do
no
r fu
nd
ing
sch
ed
ule
Ann
ex 1
- p
age
4B
Don
or n
ame
Acc
rued
Def
erre
dR
estr
icte
dU
nres
tric
ted
Acc
rued
Def
erre
d
Co
alit
ion
par
tne
rs
Tra
nspa
renc
y In
tern
atio
nal B
elgi
um
5,08
5(5
,085
)
Tra
nspa
renc
y In
tern
atio
nal D
etus
chla
nd e
.V.
446
(446
)
Tra
nspa
renc
y In
tern
atio
nal G
reen
land
6,
117
(6,1
17)
Tra
nspa
renc
y In
tern
atio
nal N
ethe
rland
s 5,
501
(5,5
01)
Tra
nspa
renc
y In
tern
atio
nal S
chw
eiz
6,41
1(6
,411
)
Tra
nspa
renc
y In
tern
atio
nal S
wed
en
5,27
2(5
,272
)
Tra
nspa
renc
y In
tern
atio
nal U
K
5,87
9(5
,879
)
Coa
litio
n pa
rtne
rs, t
otal
-
446
33,8
19(3
4,26
5)-
-
-
-
Oth
ers
(e
.g. r
es
ear
ch in
sti
tute
s, N
GO
s)
Chr
istia
n M
iche
lsen
Inst
itute
(C
MI)
(35,
962)
136,
905
(134
,534
)(3
3,59
1)(3
3,59
1)
Res
ults
for
Dev
elop
men
t Ins
titut
e 8,
352
(4,4
88)
3,86
43,
864
Cen
ter
for
Inte
rnat
iona
l Pol
icy
13,5
0013
3,92
6(1
32,9
75)
14,4
5114
,451
Uni
vers
ität K
onst
anz
(31,
794)
31,7
94
Uni
vers
idad
Rey
Jua
n C
arlo
s 7,
441
(7,4
41)
Oth
ers
(e.g
. res
earc
h in
stitu
tes,
NG
Os)
, tot
al(6
7,75
6)13
,500
318,
418
(279
,438
)-
(15,
276)
(33,
591)
18,3
15
Ind
ivid
ual
do
no
rs
(6,9
26)
43,1
46(7
,374
)(3
8,36
6)(9
,520
)(9
,520
)
Ad
jus
tme
nts
(7,0
00)
Gra
nd
to
tals
(811
,104
)11
,457
,737
22,0
62,3
72(1
9,09
8,92
9)(7
,778
,135
)5,
949,
941
(1,0
80,5
96)
7,03
0,53
7re
fere
nce
to fi
nanc
ial s
tate
men
ts n
ote
513
**
17**
*5
13
Wel
lspr
ing
Adv
isor
s LL
C r
elat
es to
def
erre
d in
com
e fo
r F
OT
I and
bro
ught
into
201
5 ac
coun
ts u
pon
cons
olid
atio
n. T
his
resu
lts in
diff
eren
ce in
def
erre
d in
com
e b
roug
ht fo
rwar
d to
not
e 13
of t
he fi
nanc
ial s
tate
men
ts.
* P
WC
AG
mad
e an
in-k
ind
dona
tion
** T
hese
tran
sact
ion
are
part
of t
he e
ntity
's o
pera
ting
cash
flow
s
Fund
s av
aila
ble
at 0
1-Ja
nC
ash
rece
ived
/ (p
aid)
dur
ing
the
year
Inco
me
reco
gnis
edC
losi
ng
bala
nce
of w
hich
:
AC
D =
A +
B +
C
49
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
Det
aile
d pr
ogra
mm
e in
form
atio
n: S
umm
ary
Ann
ex 2
- P
age
1
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
eG
over
nmen
t age
ncie
s95
9,44
380
3,46
737
1,25
37,
984,
826
350,
000
10,4
68,9
89M
ultil
ater
al in
stitu
tions
170,
682
672,
487
4,67
5,28
339
,702
5,55
8,15
4Fo
unda
tions
and
trus
ts44
,017
773,
155
931,
576
1,74
8,74
8C
orpo
rate
don
ors
228,
232
662,
729
111,
000
1,00
1,96
1In
divi
dual
don
ors
5,34
12,
033
7,37
4C
oalit
ion
part
ners
34,2
6534
,265
Oth
er (
rese
arch
inst
itute
s, o
ther
NG
Os,
oth
er)
265,
938
13,5
0027
9,43
8
Oth
er
inco
me
30,8
1296
,855
9,82
951
,997
13,9
9417
,448
220,
935
Fin
anci
al r
es
ult
s(1
1,46
1)1,
986
(125
)13
,398
(1,6
75)
(83,
928)
(81,
805)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
978,
794
1,12
2,34
82,
355,
034
14,3
35,3
4251
3,02
1(6
6,48
0)-
19,2
38,0
59
Pers
onne
l82
4,57
82,
093,
120
1,52
1,20
56,
230,
299
819,
771
(26,
326)
(1,4
50,7
92)
10,0
11,8
55Pa
rtne
r su
ppor
t98
1,84
813
6,47
71,
190,
714
8,47
9,74
128
,789
126,
956
10,9
44,5
25O
ther
157,
987
651,
001
789,
131
2,00
8,83
528
2,62
343
5,00
41,
450,
792
5,77
5,37
3
B -
Pro
ject
cos
ts, t
otal
1,96
4,41
32,
880,
598
3,50
1,05
016
,718
,875
1,13
1,18
353
5,63
4-
26,7
31,7
53
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
985,
619
1,75
8,25
01,
146,
016
2,38
3,53
361
8,16
260
2,11
4-
7,49
3,69
4
To
tal u
nre
str
icte
d d
on
or
inco
me
7,77
8,13
5
Su
rplu
s f
or
the
ye
ar28
4,44
1
Add
ition
al in
form
atio
n in
clud
ed in
:Pa
ge 2
Page
3Pa
ge 4
Page
5Pa
ge 1
2
This
is a
det
aile
d sc
hedu
le o
f the
pro
ject
fina
nces
. For
eac
h pr
ojec
t und
erta
ken
by th
e or
gani
satio
n, it
det
ails
the
rest
ricte
d co
ntrib
utio
ns b
y do
nor a
nd e
xpen
ditu
re
incu
rred
by
expe
nditu
re ty
pe. T
he d
iffer
ence
bet
wee
n su
ch in
com
e an
d ex
pend
iture
repr
esen
ts th
e pr
ojec
t’s im
pact
on
unre
stric
ted
inco
me.
Cate
gory
Advo
cacy
and
R
esea
rch
Cor
pora
te S
ervi
ces
Oth
er (i
ncl.
FX
Gai
ns &
Los
ses)
TOTA
LEx
tern
al
Rel
atio
nshi
p &
Partn
ersh
ips
Gov
erna
nce
& Sp
ecia
l Ini
itiativ
esN
etw
orks
Cha
pter
s &
Prog
ram
mes
Supp
ort C
ost
Rec
lass
ificat
ion
50
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: Go
vern
ance
an
d S
pe
cial
Init
iati
ves
(G
SI)
Ann
ex 2
- P
age
2
Gov
erna
nce
Acc
redi
tatio
n re
view
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
e
Gov
ernm
ent a
genc
ies
Dep
artm
ent f
or In
tern
atio
nal D
evel
opm
ent (
DFI
D)
959,
443
959,
443
Oth
er
inco
me
22,6
577,
998
157
30,8
12
Fin
anci
al r
es
ult
s(5
,376
)12
6(6
2)(6
,149
)(1
1,46
1)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
17,2
818,
124
(62)
953,
451
978,
794
Pers
onne
l26
6,03
847
5,15
683
,384
824,
578
Part
ner
supp
ort
8,88
397
3,18
798
2,07
0O
ther
19,2
9812
1,37
516
,749
343
157,
765
B -
Pro
ject
cos
ts, t
otal
294,
219
596,
531
100,
133
973,
530
1,96
4,41
3
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
276,
938
588,
407
100,
195
20,0
7998
5,61
9
Cat
eg
ory
Inst
itutio
nal s
uppo
rtT
OT
AL
Def
ence
and
Ant
i-B
riber
y pr
inci
ples
Go
vern
ance
51
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: Ext
ern
al R
ela
tio
ns
& P
artn
ers
hip
s (
ERP
)A
nnex
2 -
Pag
e 3
Con
vent
ions
Uni
ted
Nat
ions
C
onve
ntio
n ag
ains
t Cor
rupt
ion
(UN
CAC
)
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
e
Gov
ernm
ent a
genc
ies
Ges
ells
chaf
t für
inte
rnat
iona
le Z
usam
men
arbe
it (G
IZ)
420,
499
420,
499
Mal
aysi
an A
nti-C
orru
ptio
n C
omm
issi
on32
5,00
032
5,00
0M
inis
try
of F
orei
gn A
ffai
rs (
Net
herla
nds)
13,9
6813
,968
Nor
weg
ian
Age
ncy
for
Dev
elop
men
t Coo
pera
tion
(NO
RA
D)
44,0
0044
,000
Mul
tilat
eral
inst
itutio
nsIn
ter-
Am
eric
an D
evel
opm
ent B
ank
(IDB
)27
,251
27,2
51U
nite
d N
atio
ns D
evel
opm
ent P
rogr
amm
e (U
ND
P)35
,608
94,7
7813
0,38
6U
nite
d N
atio
ns O
ffic
e on
Dru
gs a
nd C
rime
(UN
OD
C)
13,0
4513
,045
Foun
datio
ns a
nd tr
usts
Sig
rid R
ausi
ng T
rust
44,0
1744
,017
Indi
vidu
al d
onor
s27
5,31
45,
341
Oth
er
inco
me
938
236
8095
,601
96,8
55
Fin
anci
al r
es
ult
s(8
11)
(573
)(1
2)(3
69)
3,75
11,
986
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
-
154
4,97
7(1
2)15
0,71
8(3
69)
966,
880
1,12
2,34
8
Pers
onne
l22
8,27
690
7,54
110
9,36
910
3,62
219
1,61
331
,280
521,
419
2,09
3,12
0Pa
rtne
r su
ppor
t16
,700
20,2
357,
490
400
91,6
5213
6,47
7O
ther
7,72
691
,174
149,
617
12,7
7614
,734
65,5
5030
9,42
465
1,00
1
B -
Pro
ject
cos
ts, t
otal
252,
702
998,
715
279,
221
116,
398
213,
837
97,2
3092
2,49
52,
880,
598
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
252,
702
998,
561
274,
244
116,
410
63,1
1997
,599
(44,
385)
1,75
8,25
0
Rap
id R
espo
nse
Uni
t
Con
vent
ions
TOTA
LCa
tego
ryIn
stitu
tiona
l su
ppor
tN
o Im
puni
ty
Cam
paig
nC
omm
unic
atio
nsIA
CC
52
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: Ad
voca
cy a
nd
Re
se
arch
Gro
up
(A
RG
)A
nnex
2 -
Pag
e 4
Res
earc
hHe
lpde
skAN
TIC
OR
RP
Publ
ic S
ecto
r -
Inte
grity
Pac
ts
Publ
ic S
ecto
r -
Ope
n G
over
nanc
e
Glo
bal
Advo
cacy
and
Po
licy
Turn
ing
Tran
spar
ency
into
Ac
coun
tabi
lity
Clim
ate
Fina
nce
Inte
grity
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
eG
over
nmen
t age
ncie
s B
unde
smin
iste
rium
für
wirt
scha
ftlic
he Z
usam
men
arbe
it un
d En
twic
klun
g (B
MZ
) 75
,000
75,0
00
Bun
desm
inis
teriu
m f
ür U
mw
elt,
Nat
ursc
hutz
, Bau
und
R
eakt
orsi
cher
heit
(BM
UB
) 23
6,38
023
6,38
0
Fore
ign
& C
omm
onw
ealth
Off
ice
(FC
O)
53,1
7653
,176
Inde
pend
ent C
omm
issi
on A
gain
st C
orru
ptio
n (IC
AC
) 6,
697
6,69
7M
ultil
ater
al in
stitu
tions
Euro
pean
Com
mis
sion
98,5
8924
8,47
032
5,42
867
2,48
7Fo
unda
tions
and
trus
tsO
mid
yar
Net
wor
k Fu
nd, I
nc.
172,
164
172,
164
Res
earc
h Tr
ust o
f V
icto
ria U
nive
rsity
of
Wel
lingt
on9,
126
9,12
6W
illiam
and
Flo
ra H
ewle
tt Fo
unda
tion
591,
865
591,
865
Cor
pora
te d
onor
sEr
nst &
You
ng, L
LP
120,
285
107,
947
228,
232
Coa
litio
n pa
rtne
rsTr
ansp
aren
cy In
tern
atio
nal B
elgi
um5,
085
5,08
5Tr
ansp
aren
cy In
tern
atio
nal G
reen
land
6,11
76,
117
Tran
spar
ency
Inte
rnat
iona
l Net
herla
nds
5,50
15,
501
Tran
spar
ency
Inte
rnat
iona
l Sch
wei
z6,
411
6,41
1Tr
ansp
aren
cy In
tern
atio
nal S
wed
en5,
272
5,27
2Tr
ansp
aren
cy In
tern
atio
nal U
K5,
879
5,87
9O
ther
(re
sear
ch in
stitu
tes,
oth
er N
GO
s, o
ther
)C
hris
tian
Mic
hels
en In
stitu
te (
CM
I)13
4,53
413
4,53
4C
ente
r fo
r In
tern
atio
nal P
olic
y11
9,47
511
9,47
5R
esul
ts f
or D
evel
opm
ent I
nstit
ute
4,48
84,
488
Uni
vers
idad
Rey
Jua
n C
arlo
s7,
441
7,44
1
Oth
er
inco
me
03,
288
254,
562
361
103
1,49
09,
829
Fin
anci
al r
es
ult
s2
(229
)(1
0)(3
4)(1
5)(8
2)(4
38)
681
(125
)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
221
8,65
523
3,13
839
8,08
932
5,41
364
9,52
111
9,39
817
2,26
723
8,55
12,
355,
034
Pers
onne
l25
8,20
319
3,96
527
2,94
514
8,32
712
3,25
481
,994
327,
754
72,5
6042
,203
1,52
1,20
5Pa
rtne
r su
ppor
t12
1,06
232
,920
96,1
9815
5,64
354
3,30
622
,704
81,5
3113
7,35
01,
190,
714
Oth
er32
,447
65,6
9636
,923
252,
382
67,2
6724
,222
225,
304
18,1
7666
,714
789,
131
B -
Pro
ject
cos
ts, t
otal
411,
712
292,
581
309,
868
496,
907
346,
164
649,
522
575,
762
172,
267
246,
267
3,50
1,05
0
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
411,
710
73,9
2676
,730
98,8
1820
,751
145
6,36
4-
7,71
61,
146,
016
Cat
egor
yIn
stitu
tiona
l su
ppor
t
Res
earc
hG
loba
l Adv
ocac
y an
d Po
licy
TOTA
L
53
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: Ne
two
rks
, Ch
apte
rs a
nd
Pro
gra
mm
es
(N
CP
)A
nnex
2 -
Pag
e 5
Prog
ram
mes
(P
RO
G)
Amer
icas
(AM
E)As
ia &
Pac
ific
(APD
)
Euro
pe &
C
entra
l Asi
a (E
CA)
Mid
dle
East
and
N
orth
Afri
ca
(MEN
A)
Sub-
Saha
ran
Afric
a (S
SA)
Res
ourc
e De
velo
pmen
t De
pt. (
RDD
)al
l am
oun
ts a
re s
tate
d in
Eur
os
Re
str
icte
d in
com
eG
over
nmen
t age
ncie
s28
0,06
120
4,99
94,
007,
633
260,
537
2,04
0,42
41,
091,
172
100,
000
7,98
4,82
6M
ultil
ater
al in
stitu
tions
18,9
4221
7,22
63,
144,
115
570,
500
724,
500
4,67
5,28
3Fo
unda
tions
and
trus
ts18
2,32
259
0,23
115
9,02
393
1,57
6C
orpo
rate
don
ors
637,
729
25,0
0066
2,72
9In
divi
dual
don
ors
2,03
32,
033
Oth
er (
rese
arch
inst
itute
s, o
ther
NG
Os,
oth
er)
13,5
0013
,500
Oth
er
inco
me
5,13
314
,922
786
18,2
742,
058
931
2,05
27,
841
51,9
97
Fin
anci
al r
es
ult
s16
,360
(397
)66
3(3
,386
)1,
583
(2,1
67)
844
(102
)13
,398
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
21,4
9394
5,81
540
7,71
24,
239,
747
3,99
8,52
42,
609,
688
1,97
9,62
413
2,73
914
,335
,342
Pers
onne
l24
5,90
668
9,23
340
8,36
11,
289,
214
1,30
9,77
973
9,35
481
5,38
473
3,06
86,
230,
299
Part
ner
supp
ort
83,1
2716
1,61
82,
318,
282
3,13
8,16
61,
625,
839
1,03
1,43
512
1,27
38,
479,
740
Oth
er26
,473
277,
573
160,
927
651,
864
231,
157
248,
817
335,
759
76,2
652,
008,
835
B -
Pro
ject
cos
ts, t
otal
272,
379
1,04
9,93
373
0,90
64,
259,
360
4,67
9,10
22,
614,
010
2,18
2,57
893
0,60
616
,718
,874
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
250,
886
104,
118
323,
194
19,6
1368
0,57
84,
322
202,
954
797,
867
2,38
3,53
2A
dditi
onal
info
rmat
ion
incl
uded
in:
Page
6Pa
ge 7
Page
8Pa
ge 9
Page
10
Page
11
Cate
gory
Inst
itutio
nal
supp
ort
TOTA
L
Prog
ram
mes
and
Reg
iona
l Dep
artm
ents
54
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: NC
P, P
rog
ram
me
s (
PR
OG
)A
nnex
2 -
Pag
e 6
Col
lect
ive
Actio
n fo
r C
lean
Bus
ines
s
Tran
span
renc
y in
C
orpo
rate
Rep
ortin
g -
Emer
ging
Mar
ket
Mul
tinat
iona
lsal
l am
oun
ts a
re s
tate
d in
Eur
os
Re
str
icte
d in
com
eG
over
nmen
t age
ncie
s
Bun
desm
inis
teriu
m f
ür w
irtsc
haft
liche
Zus
amm
enar
beit
und
Entw
ickl
ung
(BM
Z)
175,
000
20,0
0030
,000
225,
000
Ges
ells
chaf
t für
inte
rnat
iona
le Z
usam
men
arbe
it (G
IZ)
24,6
8324
,683
Min
istr
y of
For
eign
Aff
airs
(Es
toni
a)30
,378
30,3
78C
orpo
rate
don
ors
Nor
sk H
ydro
7,
000
7,00
0S
anla
m L
ife In
sura
nce
Lim
ited
3,36
03,
360
Sie
men
s A
G62
3,49
862
3,49
8W
arbu
rg P
incu
s, L
LC3,
871
3,87
1O
ther
(re
sear
ch in
stitu
tes,
oth
er N
GO
s, o
ther
)C
ente
r fo
r In
tern
atio
nal P
olic
y13
,500
13,5
00
Oth
er
inco
me
3514
,024
863
14,9
22
Fin
anci
al r
es
ult
s(4
06)
9(3
97)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
-
20
5,41
361
,349
654,
370
24,6
8394
5,81
5
Pers
onne
l78
,283
154,
985
8,02
044
7,94
568
9,23
3Pa
rtne
r su
ppor
t2,
800
13,1
6267
,165
83,1
27O
ther
1,74
550
,584
48,1
4615
2,41
524
,683
277,
573
B -
Pro
ject
cos
ts, t
otal
80,0
2820
8,36
969
,328
667,
525
24,6
831,
049,
933
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
80,0
282,
956
7,97
913
,155
-
10
4,11
8
TOTA
LC
ateg
ory
Inst
itutio
nal
supp
ort
Peop
le E
ngag
emen
t Pr
ogra
mm
e (P
EP)
Busi
ness
Inte
grity
Pr
ogra
mm
e (B
IP)
55
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: NC
P, A
me
rica
s (
AM
E)A
nnex
2 -
Pag
e 7
Reg
iona
l Pr
ogra
mm
e
Acce
ss to
in
form
atio
n (V
enez
uela
)
Cor
rupt
ion
and
Tran
spar
ency
in
Cen
tral A
mer
ica
Nat
iona
l Int
egrit
y Sy
stem
in S
t M
arte
enR
EDAC
TES
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
e
Gov
ernm
ent a
genc
ies
Dep
artm
ent o
f Fo
reig
n A
ffai
rs a
nd T
rade
(D
FAT)
14,6
30
90
,317
104,
947
S
t. M
aart
en22
,052
22
,052
Nor
weg
ian
Age
ncy
for
Dev
elop
men
t Coo
pera
tion
(NO
RA
D)
78,0
00
78
,000
Mul
tilat
eral
inst
itutio
nsU
nite
d N
atio
ns O
ffic
e fo
r Pr
ojec
t Ser
vice
s (U
NO
PS)
18,9
42
18
,942
Foun
datio
ns a
nd tr
usts
Foun
datio
n O
pen
Soc
iety
Inst
itute
(FO
SI)
162,
290
16
2,29
0
Sea
ttle
Inte
rnat
iona
l Fou
ndat
ion
20,0
32
20
,032
Oth
er
inco
me
643
143
78
6
-
Fi
nan
cial
re
su
lts
(33)
1074
5(5
9)66
3
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
93,2
4090
,317
162,
290
20,0
4222
,940
18,8
8340
7,71
2
Pers
onne
l31
6,41
678
,752
4,59
88,
595
408,
361
Part
ner
supp
ort
234
157,
545
3,84
016
1,61
9O
ther
99,3
6111
,565
147
16,2
0223
,363
10,2
8916
0,92
7
B -
Pro
ject
cos
ts, t
otal
416,
011
90,3
1716
2,29
020
,042
23,3
6318
,884
730,
907
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
322,
771
-
-
-
42
31
323,
195
Cat
egor
yTO
TAL
Inst
itutio
nal
supp
ort
Proj
ects
56
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: NC
P, A
sia
& P
acif
ic (
AP
D)
Ann
ex 2
- P
age
8
Reg
iona
l Pr
ogra
mm
e
Anti
Cor
rupt
ion
Stre
ngth
enin
g In
itiativ
e - P
ilot
stud
y in
Bhu
tan
Paci
fic In
stitu
tiona
l an
d N
etw
ork
Stre
ngth
enin
g Pr
ogra
mm
e (P
INSP
)
Nat
iona
l In
tegr
ity
Syst
em -
Afgh
anis
tan
Stre
ngth
enin
g An
ti-co
rrupt
ion
Dem
and
from
Soc
iety
, Pub
lic
& Pr
ivat
e Se
ctor
in
Viet
nam
Clim
ate
Fina
nce
Inte
grity
Prev
enta
tive
Anti-
Cor
rupt
ion
for R
EDD+
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
e
Gov
ernm
ent a
genc
ies
Ant
i-Cor
rupt
ion
Com
mis
sion
of
Bhu
tan
20,0
00
20
,000
B
unde
smin
iste
rium
für
Um
wel
t, N
atur
schu
tz, B
au u
nd
Rea
ktor
sich
erhe
it (B
MU
B)
102,
633
10
2,63
3
D
epar
tmen
t for
Inte
rnat
iona
l Dev
elop
men
t (D
FID
)41
5,73
8
415,
738
Dep
artm
ent o
f Fo
reig
n A
ffai
rs a
nd T
rade
(D
FAT)
1,83
8,75
5
230,
490
2,
069,
245
Iri
sh A
id17
0,00
0
170,
000
Min
istr
y fo
r Fo
reig
n A
ffai
rs (
Finl
and)
171,
120
17
1,12
0
M
inis
try
of F
orei
gn A
ffai
rs a
nd T
rade
(N
ew Z
eala
nd)
296,
053
296,
053
Nor
weg
ian
Age
ncy
for
Dev
elop
men
t Coo
pera
tion
(NO
RA
D)
762,
844
762,
844
Mul
tilat
eral
inst
itutio
nsU
nite
d N
atio
ns D
evel
opm
ent P
rogr
amm
e (U
ND
P)21
7,22
6
21
7,22
6
Oth
er
inco
me
8,37
1
9,
903
18
,274
Fin
anci
al r
es
ult
s(9
86)
(1)
(2,2
92)
(5)
(102
)(3
,386
)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
8,37
11,
847,
672
19,9
9929
6,05
321
7,22
698
5,05
610
2,62
876
2,74
24,
239,
747
Pers
onne
l9,
002
886,
352
3,45
811
,885
85,4
8370
,651
78,0
8414
4,29
91,
289,
214
Part
ner
supp
ort
-
62
8,93
728
3,74
211
8,75
477
5,39
132
551
1,13
32,
318,
282
Oth
er(4
,491
)33
8,45
516
,541
426
12,9
8913
9,01
441
,852
107,
078
651,
864
B -
Pro
ject
cos
ts, t
otal
4,51
11,
853,
744
19,9
9929
6,05
321
7,22
698
5,05
612
0,26
176
2,51
04,
259,
360
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
(3,8
60)
6,07
2
-
-
-
-
17
,633
(232
)19
,613
Cate
gory
Inst
itutio
nal
supp
ort
Proj
ects
TOTA
L
57
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: NC
P, E
uro
pe
an
d C
en
tral
As
ia (
ECA
)A
nnex
2 -
Pag
e 9
Ades
sium
Advo
cacy
and
Le
gal A
dvic
e C
entre
s (A
LAC
s) in
So
uth
East
Eu
rope
Liftin
g th
e Li
d on
Lo
bbyi
ng
Euro
pean
N
eigh
bour
hood
Pr
ogra
m -
Nat
iona
l In
tegr
ity
Syst
em
Fina
ncia
l M
echa
nism
O
ffice
(FM
O)
Partn
ersh
ip
Nat
iona
l In
tegr
ity
Syst
ems
- W
este
rn
Balk
ans
Spea
k U
p -
Enga
ging
C
itizen
s in
Fi
ghtin
g C
orru
ptio
n in
Eu
rope
Spea
k U
p II
- En
gagi
ng
Citiz
ens
in
Figh
ting
Cor
rupt
ion
in
Euro
pe
Tran
spar
ency
in
Eur
asia
Tran
spar
ency
in
Rus
sia
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d In
com
eG
over
nmen
t age
ncie
sA
usw
ärtig
es A
mt
125,
793
125,
793
U.S
. Dep
artm
ent o
f S
tate
134,
744
134,
744
Mul
tilat
eral
inst
itutio
nsEu
rope
an C
omm
issi
on94
8,85
3
294,
811
593,
638
65
5,84
2
57
5,12
2
3,
068,
266
Fi
nanc
ial M
echa
nism
Off
ice
(FM
O)
75,8
49
75
,849
Foun
datio
ns a
nd tr
usts
Nat
iona
l End
owm
ent f
or D
emoc
racy
(N
ED)
448,
567
448,
567
Stic
htin
g A
dess
ium
107,
142
17
,458
17
,064
14
1,66
4
Oth
er
inco
me
1,85
8
11
6
84
2,05
8
Fin
anci
al r
es
ult
s(8
)1
(36)
485
(3)
1,20
0(5
6)1,
583
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
1,85
010
7,14
312
5,79
394
8,93
329
5,29
675
,849
593,
635
674,
584
592,
130
134,
744
448,
567
3,99
8,52
4
Pers
onne
l49
3,07
147
,530
39,7
0822
1,13
610
0,06
073
,816
164,
593
61,7
0081
,716
8,62
517
,824
1,30
9,77
9Pa
rtne
r su
ppor
t72
955
,858
83,2
8272
8,88
119
2,94
5-
44
5,60
256
8,76
650
6,40
712
5,71
942
9,97
73,
138,
166
Oth
er51
,221
3,75
52,
803
64,9
9334
,044
2,03
336
,169
25,0
899,
884
400
766
231,
157
B -
Pro
ject
cos
ts, t
otal
545,
021
107,
143
125,
793
1,01
5,01
032
7,04
975
,849
646,
364
655,
555
598,
007
134,
744
448,
567
4,67
9,10
2
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d
fun
ds
by
pro
ject
543,
171
-
-
66,0
7731
,753
-
52
,729
(1
9,02
9)5,
877
-
-
68
0,57
8
Inst
itutio
nal
supp
ort
Proj
ects
Cat
egor
yTO
TAL
58
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: NC
P, M
idd
le E
ast
and
No
rth
Afr
ica
(MEN
A)
Ann
ex 2
- P
age
10
Shar
aka
Tran
spar
ency
In
tern
atio
nal M
ENA
Prog
ram
me
(TIM
P)
Goo
d G
over
nanc
e C
onfe
renc
e
Nat
iona
l Int
egrit
y Sy
stem
in th
e M
ENA
Reg
ion
Nat
ioan
l Int
egrit
y Sy
stem
in th
e M
ENA
Reg
ion,
Pha
se 2
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
e
Gov
ernm
ent a
genc
ies
Aus
wär
tiges
Am
t30
3,19
2
30
3,19
2
G
over
nmen
t of
the
Isla
mic
Rep
ublic
of
Mau
ritan
ia46
,868
46,8
68
Sw
edis
h In
tern
atio
nal D
evel
opm
ent C
oope
ratio
n A
genc
y (S
IDA
) 1,
690,
364
1,
690,
364
M
ultil
ater
al in
stitu
tions
Euro
pean
Com
mis
sion
192,
920
377,
580
570,
500
Oth
er
inco
me
9
922
931
Fin
anci
al r
es
ult
s12
9(2
,040
)(2
75)
19(2
,167
)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
303,
330
1,68
9,24
646
,868
192,
645
377,
599
2,60
9,68
8
Pers
onne
l94
,258
528,
465
38,7
798,
717
69,1
3573
9,35
4Pa
rtne
r su
ppor
t15
4,76
01,
018,
960
184,
641
267,
478
1,62
5,83
9O
ther
55,8
4114
8,59
78,
408
7735
,894
248,
817
B -
Pro
ject
cos
ts, t
otal
304,
859
1,69
6,02
247
,187
193,
435
372,
507
2,61
4,01
0
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
1,52
96,
776
319
790
(5,0
92)
4,32
2
Cat
egor
yTO
TAL
Proj
ects
59
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: NC
P, S
ub
-Sah
aran
Afr
ica
(SS
A)
Ann
ex 2
- P
age
11
Reg
iona
l Pr
ogra
mm
me
Gov
erna
nce
& Fi
nanc
e In
tegr
ity
in R
EDD+
Busi
ness
Inte
grity
C
ount
ry A
gend
a
Land
and
C
orru
ptio
n in
Af
rica
Wom
en, L
and
and
Cor
rupt
ion
Tran
spar
ency
and
Ac
coun
tabi
lity fo
r Hig
h Q
uality
Edu
catio
n
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d In
com
eG
over
nmen
t age
ncie
s B
unde
smin
iste
rium
für
wirt
scha
ftlic
he Z
usam
men
arbe
it un
d En
twic
klun
g (B
MZ
) 49
0,86
7
490,
867
D
epar
tmen
t of
Fore
ign
Aff
airs
and
Tra
de (
DFA
T)47
8,65
8
21,3
01
49
9,95
9
Nor
weg
ian
Age
ncy
for
Dev
elop
men
t Coo
pera
tion
(NO
RA
D)
100,
346
10
0,34
6
Mul
tilat
eral
inst
itutio
nsEu
rope
an C
omm
issi
on72
4,50
0
724,
500
Fo
unda
tions
and
trus
tsO
pen
Soc
iety
Initi
ativ
e fo
r W
est A
fric
a (O
SIW
A)
11,1
88
16
2
11
,350
Wel
lspr
ing
Adv
isor
s, L
LC12
8,27
1
128,
271
Th
e To
ny E
lum
elu
Foun
datio
n19
,402
19,4
02
In
divi
dual
don
ors
2,03
3
2,
033
Oth
er
inco
me
1,42
3
37
8
251
2,
052
Fin
anci
al r
es
ult
s19
147
608
5(7
)84
4
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
1,61
459
2,65
074
6,40
919
,402
491,
123
128,
264
162
1,97
9,62
4
Pers
onne
l49
2,83
416
5,39
04,
501
127,
163
25,4
9681
5,38
4Pa
rtne
r su
ppor
t(1
1,85
7)21
6,95
754
3,90
414
,928
193,
319
74,1
841,
031,
435
Oth
er16
,329
59,0
8160
,927
3617
0,64
128
,583
162
335,
759
B -
Pro
ject
cos
ts, t
otal
4,47
276
8,87
277
0,22
119
,465
491,
123
128,
263
162
2,18
2,57
8
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
2,85
817
6,22
223
,812
63-
1
-
-
202,
954
Cat
egor
yIn
stitu
tiona
l su
ppor
tTO
TAL
Proj
ects
60
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
De
taile
d p
rog
ram
me
info
rmat
ion
: Co
rpo
rate
Se
rvic
es
(C
S)
Ann
ex 2
- P
age
12
Org
anis
atio
nal
Deve
lopm
ent (
ODD
)En
hanc
ed
Res
pons
e
Mon
itorin
g Ev
alua
tion
and
Lear
ning
all a
mo
unts
are
sta
ted
in E
uro
s
Re
str
icte
d in
com
e
Gov
ernm
enta
l age
ncie
s B
unde
smin
iste
rium
für
wirt
scha
ftlic
he Z
usam
men
arbe
it un
d En
twic
klun
g (B
MZ
) 35
0,00
035
0,00
0M
ultil
ater
al in
stitu
tions
Euro
pean
Com
mis
sion
39,7
0239
,702
Cor
pora
te d
onor
sPr
icew
ater
hous
eCoo
pers
AG
111,
000
111,
000
Oth
er
inco
me
13,7
4422
327
13,9
94
Fin
anci
al r
es
ult
s(5
77)
(780
)(3
11)
(7)
(1,6
75)
A -
Res
tric
ted
and
othe
r in
com
e, to
tal
13,1
67(7
80)
460,
912
39,6
9527
513,
021
Pers
onne
l36
,785
379,
108
272,
838
23,1
4610
7,89
481
9,77
1Pa
rtne
r su
ppor
t6,
367
22,4
2228
,789
Oth
er53
,278
212,
157
3,25
613
,932
282,
623
B -
Pro
ject
cos
ts, t
otal
36,7
8543
2,38
649
1,36
248
,824
121,
826
1,13
1,18
3
B-A
- U
tilis
atio
n o
f u
nre
str
icte
d f
un
ds
by
pro
ject
23,6
1843
3,16
630
,450
9,12
912
1,79
961
8,16
2
Cat
egor
yIn
stitu
tiona
l su
ppor
tTO
TAL
Info
rmat
ion
and
Com
mun
icat
ion
Tech
nolo
gy
Org
anis
atio
nal D
evel
opm
ent
61
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
Anne
x 3
- Par
tner
fund
ing
sche
dule
Ann
ex 3
- p
age
1
BC
Rec
eiva
ble
Adva
nce
Liab
ility
Fina
l rep
orts
Inte
rim re
ports
Rec
eiva
ble
Adva
nce
Liab
ility
all a
mo
unts
are
sta
ted
in E
uro
s
Co
alit
ion
par
tne
rsA
me
rica
s
Acc
ion
Ciu
dada
naN
CG
uate
mal
a(9
53)
35,0
9910
,000
25,0
99(9
53)
Aso
ciac
ion
para
una
Soc
ieda
d m
as J
usta
(A
SJ)
NC
Hon
dura
s87
1(3
3)1,
472
(634
)
Cap
itulo
Chi
leno
de
Tran
spar
enci
a In
tern
acio
nal
NC
Chi
le4,
232
(2,5
57)
1,67
5
Con
sejo
Nac
iona
l par
a la
Etic
a Pu
blic
a- P
roet
ica
NC
Per
u85
,457
(400
)16
6,81
612
9,02
578
,565
45,8
59(1
,576
)
Cor
pora
cion
Tra
nspa
renc
ia p
or C
olom
bia
NC
Col
ombi
a(1
09)
2,24
82,
248
(109
)
Fund
acio
n N
acio
nal p
ara
el D
esar
rollo
(FU
ND
E)N
CE
l Sal
vado
r1,
004
1,00
4
Fund
acio
n pa
ra e
l Des
arol
lo d
e la
Lib
erta
d N
CP
anam
a2,
585
2,58
5
Part
icip
acio
n C
iuda
dana
NC
Dom
inic
an R
ep.
2,02
72,
027
Pode
r C
iuda
dano
NC
Arge
ntin
a9,
300
9810
,400
9860
0(1
,700
)
Tran
spar
enci
a M
exic
ana
A.C
.N
CM
exic
o72
,806
143,
296
29,0
8540
,439
Tran
spar
enci
a V
enez
uela
NC
Vene
zuel
a14
8,36
023
7,78
615
7,54
523
7,78
6(9
,185
)
Tran
spar
ency
Inte
rnat
iona
l Can
ada
Inc.
NC
Can
ada
6,53
61,
924
5,00
0(3
88)
Tran
spar
ency
Inte
rnat
iona
l US
AN
CU
SA
2,54
52,
545
Trin
idad
& T
obag
o Tr
ansp
aren
cy In
stitu
teN
CTr
inid
ad &
Tb.
(785
)82
338
Am
eric
as, t
otal
5,10
323
3,81
7(2
,247
)53
6,98
511
215
7,83
927
5,59
598
354,
783
(14,
545)
As
ia &
Pac
ific
Tow
ards
Tra
nspa
renc
yC
tV
ietn
am46
0,50
8(1
18)
433,
894
645,
930
222,
526
25,8
28
The
Mal
aysi
an S
ocie
ty f
or T
rans
pare
ncy
and
Inte
grity
N
CM
alay
sia
16,1
06(9
98)
68,0
6190
,000
81,6
8390
,000
1,48
6
Tran
spar
ency
Inte
rnat
iona
l Aus
tral
iaN
CA
ustr
alia
5,80
27,
313
(1,5
11)
Tran
spar
ency
Inte
rnat
iona
l Ban
glad
esh
NC
Ban
glad
esh
7,21
3(8
,348
)60
,612
4315
,727
43,7
93
Tran
spar
ency
Inte
rnat
iona
l Cam
bodi
aN
CC
ambo
dia
22,3
57(6
84)
15,4
551,
246
39,4
731,
246
(2,3
45)
This
sch
edul
e su
mm
aris
es th
e m
ovem
ents
of f
undi
ng b
y pr
ojec
t par
tner
. At t
he b
egin
ning
of t
he y
ear,
TI-S
had
out
stan
ding
bal
ance
s fo
r res
ourc
es a
dvan
ced
to p
artn
ers
(as
per A
bel
ow).
Dur
ing
the
year
, TI-S
tran
sfer
red
addi
tiona
l fin
anci
al re
sour
ces
or r
ecei
ved
unsp
ent b
alan
ces
back
(B).
Occ
asio
nally
, it r
ecei
ved
inco
me
(C).
The
sum
thes
e am
ount
s co
nstit
utes
the
tota
l res
ourc
es a
vaila
ble
to
the
proj
ect p
artn
er d
urin
g th
e ye
ar. R
esou
rces
wer
e em
ploy
ed in
the
perfo
rman
ce o
f act
iviti
es a
nd, a
s a
resu
lt, a
dvan
ces
acco
unte
d fo
r as
expe
nditu
re (D
). P
art o
f the
exp
endi
ture
was
doc
umen
ted
thro
ugh
final
repo
rts (f
ully
com
plyi
ng w
ith d
onor
requ
irem
ents
), an
d pa
rt th
roug
h in
terim
one
s (i.
e. re
ports
that
are
con
side
red
relia
ble
but n
ot y
et m
eetin
g al
l for
mal
don
or re
quire
men
ts).
At th
e ye
ar-e
nd, t
he d
iffer
ence
bet
wee
n av
aila
ble
reso
urce
s an
d ex
pend
iture
boo
ked
cons
titut
ed th
e fin
al b
alan
ce w
ith th
e pr
ojec
t par
tner
(E).
Pro
ject
par
tner
s be
long
ing
to th
e TI
Mov
emen
t, in
clud
ing
Nat
iona
l Cha
pter
s (N
C),
Nat
iona
l Cha
pter
s in
For
mat
ion
(NC
iF) a
nd N
atio
nal C
onta
cts
(Ct),
are
col
lect
ivel
y id
entif
ied
as C
oalit
ion
Par
tner
s.
Oth
er p
roje
ct p
artn
ers
are
grou
ped
sepa
rate
ly a
t the
bot
tom
of t
he s
ched
ule.
DE
= A
+ B
+ C
- D
AC
losi
ng b
alan
ceIn
com
e re
ceiv
edC
ash
paid
/ (re
ceiv
ed)
Partn
er n
ame
Ope
ning
bal
ance
Type
, cou
ntry
Expe
nditu
re re
porte
d
62
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
An
ne
x 3
- P
artn
er
fun
din
g s
che
du
leA
nnex
3 -
pag
e 2
BC
Rec
eiva
ble
Adva
nce
Liab
ility
Fina
l rep
orts
Inte
rim re
ports
Rec
eiva
ble
Adva
nce
Liab
ility
all a
mo
unts
are
sta
ted
in E
uro
s
Ant
i Cor
rupt
ion
and
Gov
erna
nce
Res
earc
h C
ente
rN
CC
hina
651
651
Tran
spar
ency
Inte
rnat
iona
l Chi
nese
Tai
pei
NC
Taiw
an1,
320
1,32
0
Tran
spar
ency
Inte
rnat
iona
l Fiji
NC
Fiji
6,39
059
,274
48,8
4410
3,59
17,
098
3,82
3(4
)
Tran
spar
ency
Inte
rnat
iona
l Ind
iaN
CIn
dia
1,28
62,
311
(1,0
25)
Tran
spar
ency
Inte
rnat
iona
l Ind
ones
iaN
CIn
done
sia
248,
121
(2,8
21)
197,
548
207,
054
197,
432
39,5
89(1
,227
)
Tran
spar
ency
Inte
rnat
iona
l Jap
anN
CJa
pan
1,93
44
1,93
8
Tran
spar
ency
Inte
rnat
iona
l Kor
ea (
Sou
th)
NC
Kor
ea (
Sou
th)
32,6
384,
678
27,9
60
Tran
spar
ency
Inte
rnat
iona
l Mon
golia
NC
Mon
golia
9,00
022
,367
28,3
673,
000
Tran
spar
ency
Inte
rnat
iona
l Nep
alN
CN
epal
30,0
8810
,857
39,9
451,
000
Tran
spar
ency
Inte
rnat
iona
l New
Zea
land
NC
New
Zea
land
23,7
5019
,798
43,5
48
Tran
spar
ency
Inte
rnat
iona
l Pak
ista
nN
CPa
kist
an54
,015
46,8
6410
1,70
9(8
30)
Tran
spar
ency
Inte
rnat
iona
l Pap
ua N
ew G
uine
aN
CPa
pua
New
Gui
nea
181,
741
177,
428
70,9
2219
0,66
397
,584
Tran
spar
ency
Inte
rnat
iona
l Phi
lippi
nes
NC
Philip
pine
s35
,429
258
1,26
318
,915
15,5
09
Tran
spar
ency
Inte
rnat
iona
l Sri
Lank
aN
CS
ri La
nka
55,7
8150
,399
81,2
4221
,927
3,01
1
Tran
spar
ency
Van
uatu
NC
Van
uatu
18,5
65
99,8
25(1
0,01
3)19
,369
85,9
7540
,653
1,11
8
Tran
spar
ency
Mal
dive
sC
iFM
aldi
ves
73,1
5785
,083
1112
9,63
828
,613
Tran
spar
ency
Sol
omon
Isla
nds
NC
Sol
omon
Isla
nds
52,7
0150
,491
65,7
5237
,440
Tran
spar
ency
Tha
iland
NC
Thai
land
(485
)76
429
3(1
4)
Asi
a &
Pac
ific,
tota
l24
,955
1,42
9,06
6(2
3,46
7)1,
351,
723
91,3
041,
694,
571
767,
966
91,2
4632
6,75
4(6
,956
)
Euro
pe
an
d C
en
tral
As
ia
Ass
ocia
tion
Pour
la P
rom
otio
n de
la T
rans
pare
nce
(APP
T)N
CLu
xem
bour
g49
,530
1,00
32,
815
53,3
48
Kos
ova
Dem
ocra
tic In
stitu
teN
CK
osov
o51
,549
36,2
8971
,077
21,2
261,
626
(6,0
91)
MTU
E K
orru
ptsi
ooni
vaba
Ees
tiN
CEs
toni
a34
,000
11,8
631,
316
39,7
6210
,385
(5,6
00)
Tran
spar
ency
Inte
rnat
iona
l Lat
via
(DEL
NA
)N
CLa
tvia
112
75,8
1325
,838
86,5
147,
901
511
6,83
7
Tran
spar
ênci
a e
Inte
grid
ade,
Ass
ocia
ção
Cív
ica
(TIA
C)
CiF
Port
ugal
50,3
6124
,349
22,8
2849
,385
976
2,71
1(1
,190
)
Tran
spar
ency
Aze
rbai
jan
NC
Aze
rbai
jan
17,6
8777
025
,180
(6,7
23)
Tran
spar
ency
Cyp
rus
CiF
Cyp
rus
64,2
0241
,090
105,
883
(591
)
Tran
spar
ency
Inte
rnat
iona
l Ant
i-Cor
rupt
ion
NC
Arm
enia
39,3
412,
259
42,5
87(9
87)
Tran
spar
ency
Inte
rnat
iona
l Bel
gium
NC
Bel
gium
(4,5
41)
5,08
554
4
AD
E =
A +
B +
C -
D
Partn
er n
ame
Type
, cou
ntry
Ope
ning
bal
ance
Cas
h pa
id /
(rece
ived
)In
com
e re
ceiv
ed
Expe
nditu
re re
porte
dC
losi
ng b
alan
ce
63
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
An
ne
x 3
- P
artn
er
fun
din
g s
che
du
leA
nnex
3 -
pag
e 3
BC
Rec
eiva
ble
Adva
nce
Liab
ility
Fina
l rep
orts
Inte
rim re
ports
Rec
eiva
ble
Adva
nce
Liab
ility
all a
mo
unts
are
sta
ted
in E
uro
s
Tran
spar
ency
Inte
rnat
iona
l Bos
nia
and
Her
zego
vina
NC
Bos
nia
Her
zego
vina
53,1
8239
,653
29,6
8032
,788
30,8
84(5
17)
Tran
spar
ency
Inte
rnat
iona
l Bul
garia
N
CB
ulga
ria83
,936
8,11
68,
116
81,5
999,
432
(7,0
95)
Tran
spar
ency
Inte
rnat
iona
l Cro
atia
NC
Cro
atia
3,16
344
82,
715
Tran
spar
ency
Inte
rnat
iona
l Cze
ch R
epub
licN
CC
zech
Rep
ublic
108,
548
(526
)20
,053
97,1
1023
,213
7,96
6(2
14)
Tran
spar
ency
Inte
rnat
iona
l Deu
tsch
land
e.V
.N
CG
erm
any
750
12,6
62(3
,276
)2,
887
806
16,7
20(4
,503
)
Tran
spar
ency
Inte
rnat
iona
l Esp
ana
NC
Spa
in44
,653
(822
)82
251
,444
(6,7
91)
Tran
spar
ency
Inte
rnat
iona
l Fra
nce
NC
Fran
ce42
,314
16,5
8859
,253
10,6
89(1
1,04
0)
Tran
spar
ency
Inte
rnat
iona
l Geo
rgia
NC
Geo
rgia
54,8
981,
548
54,4
921,
954
Tran
spar
ency
Inte
rnat
iona
l Gre
ece
NC
Gre
ece
65,0
8625
,456
90,8
2912
2(4
09)
Tran
spar
ency
Inte
rnat
iona
l Gre
enla
ndN
CG
reen
land
1,28
834
51,
633
Tran
spar
ency
Inte
rnat
iona
l Hun
gary
NC
Hun
gary
63,6
6132
,093
43,9
0463
,962
(12,
112)
Tran
spar
ency
Inte
rnat
iona
l Ire
land
NC
Irela
nd12
8,10
1(2
00)
109,
703
234,
573
8,00
010
,400
(15,
369)
Tran
spar
ency
Inte
rnat
iona
l Isr
ael
NC
Isra
el1,
500
2,52
8(1
,028
)
Tran
spar
ency
Inte
rnat
iona
l Ita
liaN
CIta
ly99
,088
(4,2
13)
39,1
3113
,310
140,
365
7812
,126
(31,
873)
Tran
spar
ency
Inte
rnat
iona
l Lith
uani
aN
CLi
thua
nia
166,
331
29,9
805,
856
130,
609
62,7
5315
,976
(7,1
71)
Tran
spar
ency
Inte
rnat
iona
l Mac
edon
iaN
CM
aced
onia
52,4
4471
,828
61,9
8142
,633
19,9
90(3
32)
Tran
spar
ency
Inte
rnat
iona
l Mol
dova
NC
Mol
dova
28,0
351,
511
26,1
073,
439
Tran
spar
ency
Inte
rnat
iona
l Net
herla
nds
NC
Net
herla
nds
16,2
8430
616
,590
Tran
spar
ency
Inte
rnat
iona
l Nor
way
NC
Nor
way
(1,5
00)
(6,7
02)
8,20
2
Tran
spar
ency
Inte
rnat
iona
l Rom
ania
NC
Rom
ania
54,2
7044
,316
2,11
610
4,93
28,
850
(17,
312)
Tran
spar
ency
Inte
rnat
iona
l Rus
sia
NC
Rus
sia
178,
418
429,
961
434,
491
125,
719
48,1
69
Tran
spar
ency
Inte
rnat
iona
l Ser
bia
NC
Ser
bia
54,4
9518
,617
52,7
9228
,617
836
(9,1
33)
Tran
spar
ency
Inte
rnat
iona
l Slo
veni
a -
Dru
štvo
Inte
grite
taN
CS
love
nia
124,
958
68,2
4255
,186
142,
108
1,45
110
7(5
,652
)
Tran
spar
ency
Inte
rnat
iona
l Slo
vens
koN
CS
lova
kia
22,2
5621
,878
11,5
7227
,943
8,26
8(3
,649
)
Tran
spar
ency
Inte
rnat
iona
l Sw
eden
NC
Sw
eden
(5,1
06)
5,27
216
6
Tran
spar
ency
Inte
rnat
iona
l UK
NC
UK
503
35,3
40(1
,678
)1,
098,
564
1,11
4,08
740
,582
5,88
4(2
7,82
4)
Tran
spar
ency
Inte
rnat
iona
l Ukr
aine
N
CU
krai
ne13
9,14
770
,120
110,
721
63,2
655,
035
30,2
46
Tran
spar
ency
Inte
rnat
iona
l Aus
tria
n C
hapt
erN
CA
ustr
ia33
,467
289
289
37,7
07(4
,240
)
Ulu
slar
aras
i Sef
fafli
k D
erne
giN
CTu
rkey
8067
,607
39,6
844
83,0
1427
,981
162
3,37
2(7
,154
)
Euro
pe a
nd C
entr
al A
sia,
tota
l1,
445
2,09
6,88
0(1
0,39
0)2,
339,
055
25,8
923,
197,
124
1,19
1,87
613
,606
244,
876
(194
,600
)
E =
A +
B +
C -
D
Partn
er n
ame
Type
, cou
ntry
Ope
ning
bal
ance
Cas
h pa
id /
(rece
ived
)In
com
e re
ceiv
ed
Expe
nditu
re re
porte
dC
losi
ng b
alan
ceA
D
64
FINA
NCIA
L STA
TEME
NTS
AS O
F 31
DEC
EMBE
R 20
15
An
ne
x 3
- P
artn
er
fun
din
g s
che
du
leA
nnex
3 -
pag
e 4
BC
Rec
eiva
ble
Adva
nce
Liab
ility
Fina
l rep
orts
Inte
rim re
ports
Rec
eiva
ble
Adva
nce
Liab
ility
all a
mo
unts
are
sta
ted
in E
uro
s
Mid
dle
eas
t an
d N
ort
h A
fric
a
Bah
rain
Tra
nspa
renc
y S
ocie
ty (
BTS
)N
CB
ahra
in9,
700
9,70
0
I Wat
chC
tTu
nisi
a10
3,81
518
3,33
953
1,14
227
0,07
515
,990
Leba
nese
Tra
nspa
renc
y A
ssoc
iatio
n (L
TA)
NC
Leba
non
115,
231
(2,8
88)
65,8
9228
,322
150,
556
9,13
6(9
,779
)
Ras
heed
for
Inte
grity
and
Tra
nspa
renc
yC
tJo
rdan
153,
547
87,8
9022
3,09
921
,615
(3,2
77)
The
Coa
litio
n fo
r A
ccou
ntab
ility
and
Inte
grity
(A
MA
N)
NC
Pale
stin
e1,
877
275,
790
(16)
55,9
109
77,6
3618
5,71
570
,219
Tran
spar
ency
Mar
ocN
CM
oroc
co22
6,89
0(1
95)
134,
535
49,6
8530
6,76
45,
020
(239
)M
iddl
e Ea
st a
nd N
orth
Afr
ica,
tota
l1,
877
875,
273
(3,0
99)
537,
266
6215
6,78
51,
136,
209
-
13
1,68
0(1
3,29
5)
Su
b-S
ahar
an A
fric
a
Ass
ocia
cion
Nig
erie
nne
de L
utte
con
tre
la C
orru
ptio
nN
CN
iger
7,76
6(3
,535
)27
,787
4,43
931
,114
(3,5
35)
Ass
ocia
tion
Bur
unda
ise
des
Con
som
mat
eurs
(A
BU
CO
)N
CB
urun
di25
,000
11,2
3936
,239
Cen
ter
for
Tran
spar
ency
and
Acc
ount
abilit
y Li
beria
NC
Libe
ria24
,253
(950
)54
424
,797
(950
)
Cen
tro
de In
tegr
idad
e Pu
blic
a (C
IP)
NC
Moz
ambi
que
49,7
7637
,822
11,9
54
Civ
il S
ocie
ty L
egis
lativ
e A
dvoc
acy
Cen
tre
(CIS
LAC
)C
tN
iger
ia3,
000
342
3,34
2
Cor
rupt
ion
Wat
ch
CiF
Sou
th A
fric
a5,
000
(434
)40
,698
119
33,2
855,
457
6,64
1
Foru
m C
ivil
NC
Sen
egal
35,6
50(7
,526
)19
,977
25,4
5822
,643
Gha
na In
tegr
ity In
itiat
ive
(GII)
NC
Gha
na15
5,30
8(9
1)22
2,19
814
2,72
711
9,78
871
811
4,27
3(9
1)
Ligu
e C
ongo
lais
e de
la lu
tte c
ontr
e la
cor
rupt
ion
(LIC
OC
O)
Ct
Con
go D
em32
,293
20,8
0811
,485
Tran
spar
ency
Eth
iopi
aC
iFEt
hiop
ia10
,000
10,0
00
Tran
spar
ency
Inte
rnat
iona
l Cam
eroo
nN
CC
amer
oon
21,2
3510
2,69
3(4
,572
)17
2,32
619
7,53
781
,732
17,5
571,
376
(6,5
20)
Tran
spar
ency
Inte
rnat
iona
l Ini
tiativ
e M
adag
asca
rN
CM
adag
asca
r6,
095
11,4
136,
400
15,1
136,
095
2,70
0
Tran
spar
ency
Inte
rnat
iona
l Ken
yaN
CK
enya
244,
396
4132
,079
126,
470
2,54
488
,895
(5,5
51)
Tran
spar
ency
Inte
rnat
iona
l Rw
anda
NC
Rw
anda
7825
,037
(1,0
00)
1,03
026
,961
(1,8
16)
Tran
spar
ency
Inte
rnat
iona
l Sie
rra
Leon
eN
CS
ierr
a Le
one
8,28
8(1
,500
)12
,689
19,4
77
Tran
spar
ency
Inte
rnat
iona
l Zam
bia
NC
Zam
bia
53,0
00(4
,330
)87
,627
33,5
8478
,397
24,4
54(1
38)
Tran
spar
ency
Inte
rnat
iona
l Zim
babw
eN
CZ
imba
bwe
28,4
8617
2,46
98
108,
568
41,9
9950
,396
Tran
spar
ency
Mau
ritiu
sN
CM
aurit
ius
5,89
12,
011
4,58
06,
591
5,89
1
Tran
spar
ency
Uga
nda
NC
Uga
nda
39,8
756,
956
27,0
595,
860
Sub
-Sah
aran
Afr
ica,
tota
l33
,299
486,
905
(23,
938)
1,15
6,24
616
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66,6
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65
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Appendix
General Engagement
Terms
1. Scope
(1) These engagement terms are applicable to contracts between Wirt-schaftsprüfer [German Public Auditors] or Wirtschaftsprüfungsgesellschaften[German Public Audit Firms] (hereinafter collectively referred to as the“Wirtschaftsprüfer”) and their clients for audits, consulting and other engage-ments to the extent that something else has not been expressly agreed to inwriting or is not compulsory due to legal requirements.
(2) lf, in an individual case, as an exception contractual relations have alsobeen established between the Wirtschaftsprüfer and persons other than theclient, the provisions of No. 9 below also apply to such third parties.
2. Scope and performance of the engagement
(1) Subject of the Wirtschaftsprüfer’s engagement is the performance of agreedservices – not a particular economic result. The engagement is performed inaccordance with the Grundsätze ordnungsmäßiger Berufsausübung[Standards of Proper Professional Conduct]. The Wirtschaftsprüfer is entitled touse qualified persons to conduct the engagement.
(2) The application of foreign law requires – except for financial attestationengagements – an express written agreement.
(3) The engagement does not extend – to the extent it is not directed thereto –to an examination of the issue of whether the requirements of tax law or specialregulations, such as, for example, laws on price controls, laws limitingcompetition and Bewirtschaftungsrecht [laws controlling certain aspects ofspecific business operations] were observed; the same applies to thedetermination as to whether subsidies, allowances or other benefits may beclaimed. The performance of an engagement encompasses auditingprocedures aimed at the detection of the defalcation of books and records andother irregularities only if during the conduct of audits grounds therefor arise orif this has been expressly agreed to in writing.
(4) If the legal position changes subsequent to the issuance of the finalprofessional statement, the Wirtschaftsprüfer is not obliged to inform the clientof changes or any consequences resulting therefrom.
3. The client’s duty to inform
(1) The client must ensure that the Wirtschaftsprüfer – even without his specialrequest – is provided, on a timely basis, with all supporting documents andrecords required for and is informed of all events and circumstances which maybe significant to the performance of the engagement. This also applies to thosesupporting documents and records, events and circumstances which firstbecome known during the Wirtschaftsprüfer’s work.
(2) Upon the Wirtschaftsprüfer’s request, the client must confirm in a writtenstatement drafted by the Wirtschaftsprüfer that the supporting documentsand records and the information and explanations provided are complete.
4. Ensuring independence
The client guarantees to refrain from everything which may endanger theindependence of the Wirtschaftsprüfer’s staff. This particularly applies tooffers of employment and offers to undertake engagements on one’s ownaccount.
5. Reporting and verbal information
lf the Wirtschaftsprüfer is required to present the results of his work in writing,only that written presentation is authoritative. For audit engagements the long-form report should be submitted in writing to the extent that nothing else hasbeen agreed to. Verbal statements and information provided by theWirtschaftsprüfer’s staff beyond the engagement agreed to are never binding.
6. Protection of the Wirtschaftsprüfer’s intellectual property
The client guarantees that expert opinions, organizational charts, drafts,sketches, schedules and caIculations – expecially quantity and costcomputations – prepared by the Wirtschaftsprüfer within the scope of theengagement will be used only for his own purposes.
7. Transmission of the Wirtschaftsprüfer’s professional statement(1) The transmission of a Wirtschaftsprüfer’s professional statements (long-form reports, expert opinions and the like) to a third party requires theWirtschaftsprüfer’s written consent to the extent that the permission totransmit to a certain third party does not result from the engagement terms.The Wirtschaftsprüfer is liable (within the limits of No. 9) towards third partiesonly if the prerequisites of the first sentence are given.(2) The use of the Wirtschaftsprüfer’s professional statements for promotionalpurposes is not permitted; an infringement entitles the Wirtschaftsprüfer toimmediately cancel all engagements not yet conducted for the client.
8. Correction of deficiencies(1) Where there are deficiencies, the client is entitled to subsequent fulfillment[of the contract]. The client may demand a reduction in fees or the cancellationof the contract only for the failure to subsequently fulfill [the contract]; if theengagement was awarded by a person carrying on a commercial business aspart of that commercial business, a government-owned legal person underpublic law or a special government-owned fund under public law, the client maydemand the cancellation of the contract only if the services rendered are of nointerest to him due to the failure to subsequently fulfill [the contract]. No. 9applies to the extent that claims for damages exist beyond this.(2) The client must assert his claim for the correction of deficiencies in writingwithout delay. Claims pursuant to the first paragraph not arising from anintentional tort cease to be enforceable one year after the commencement ofthe statutory time limit for enforcement.(3) Obvious deficiencies, such as typing and arithmetical errors and formelleMängel [deficiencies associated with technicalities] contained in aWirtschaftsprüfer’s professional statements (long-form reports, expert opinionsand the like) may be corrected – and also be applicable versus third parties –by the Wirtschaftsprüfer at any time. Errors which may call into question theconclusions contained in the Wirtschaftsprüfer’s professional statementsentitle the Wirtschaftsprüfer to withdraw – also versus third parties – suchstatements. In the cases noted the Wirtschaftsprüfer should first hear theclient, if possible.
9. Liability(1) The liability limitation of § [“Article”] 323 (2)[“paragraph 2”] HGB
[“Handelsgesetzbuch”: German Commercial Code] applies to statutoryaudits required by law.
(2) Liability for negligence; An individual case of damagesIf neither No. 1 is applicable nor a regulation exists in an individual case,pursuant to § 54a (1) no. 2 WPO [“Wirtschaftsprüferordnung”: Law regulatingthe Profession of Wirtschaftsprüfer] the liability of the Wirtschaftsprüfer forclaims of compensatory damages of any kind – except for damages resultingfrom injury to life, body or health – for an individual case of damages resultingfrom negligence is limited to € 4 million; this also applies if liability to a personother than the client should be established. An individual case of damagesalso exists in relation to a uniform damage arising from a number of breachesof duty. The individual case of damages encompasses all consequences froma breach of duty without taking into account whether the damages occurredin one year or in a number of successive years. In this case multiple acts oromissions of acts based on a similar source of error or on a source of error ofan equivalent nature are deemed to be a uniform breach of duty if the mattersin question are legally or economically connected to one another. In this eventthe claim against the Wirtschaftsprüfer is limited to € 5 million. The limitationto the fivefold of the minimum amount insured does not apply to compulsoryaudits required by law.
(3) Preclusive deadlinesA compensatory damages claim may only be lodged within a preclusivedeadline of one year of the rightful claimant having become aware of thedamage and of the event giving rise to the claim – at the very latest, however,within 5 years subsequent to the event giving rise to the claim. The claimexpires if legal action is not taken within a six month deadline subsequent tothe written refusal of acceptance of the indemnity and the client was informedof this consequence. The right to assert the bar of the preclusive deadline remains unaffected.Sentences 1 to 3 also apply to legally required audits with statutory liabilitylimits.
General Engagement Termsfor
Wirtschaftsprüfer and Wirtschaftsprüfungsgesellschaften[German Public Auditors and Public Audit Firms]
as of January 1, 2002
This is an English translation of the German text, which is the sole authoritative version
[Translator’s notes are in square brackets]
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10. Supplementary provisions for audit engagements(1) A subsequent amendment or abridgernent of the financial statements ormanagement report audited by a Wirtschaftsprüfer and accompanied by anauditor’s report requires the written consent of the Wirtschaftsprüfer even ifthese documents are not published. If the Wirtschaftsprüfer has not issued anauditor’s report, a reference to the audit conducted by the Wirtschaftsprüferin the management report or elsewhere specified for the general public ispermitted only with the Wirtschaftsprüfer’s written consent and using thewording authorized by him.(2) lf the Wirtschaftsprüfer revokes the auditor’s report, it may no longer beused. lf the client has already made use of the auditor’s report, he mustannounce its revocation upon the Wirtschaftsprüfer’s request.(3) The client has a right to 5 copies of the long-form report. Additional copieswill be charged for separately.
11. Supplementary provisions for assistance with tax matters(1) When advising on an individual tax issue as well as when furnishingcontinuous tax advice, the Wirtschaftsprüfer is entitled to assume that thefacts provided by the client – especially numerical disclosures – are correctand complete; this also applies to bookkeeping engagements. Nevertheless,he is obliged to inform the client of any errors he has discovered.(2) The tax consulting engagement does not encompass procedures requiredto meet deadlines, unless the Wirtschaftsprüfer has explicitly accepted theengagement for this. In this event the client must provide the Wirtschafts-prüfer, on a timely basis, all supporting documents and records – especiallytax assessments – material to meeting the deadlines, so that the Wirtschafts-prüfer has an appropriate time period available to work therewith.(3) In the absence of other written agreements, continuous tax adviceencompasses the following work during the contract period:
a) preparation of annual tax returns for income tax, corporation tax andbusiness tax, as well as net worth tax returns on the basis of the annualfinancial statements and other schedules and evidence required for taxpurposes to be submitted by the client
b) examination of tax assessments in relation to the taxes mentioned in (a)c) negotiations with tax authorities in connection with the returns and
assessments mentioned in (a) and (b)d) participation in tax audits and evaluation of the results of tax audits with
respect to the taxes mentioned in (a)e) participation in Einspruchs- und Beschwerdeverfahren [appeals and
complaint procedures] with respect to the taxes mentioned in (a).In the afore-mentioned work the Wirtschaftsprüfer takes material publishedlegal decisions and administrative interpretations into account.(4) If the Wirtschaftsprüfer receives a fixed fee for continuous tax advice, inthe absence of other written agreements the work mentioned underparagraph 3 (d) and (e) will be charged separately.(5) Services with respect to special individual issues for income tax, corporatetax, business tax, valuation procedures for property and net worth taxation, andnet worth tax as well as all issues in relation to sales tax, wages tax, other taxesand dues require a special engagement. This also applies to:
a) the treatment of nonrecurring tax matters, e. g. in the field of estate tax,capital transactions tax, real estate acquisition tax
b) participation and representation in proceedings before tax andadministrative courts and in criminal proceedings with respect to taxes, and
c) the granting of advice and work with respect to expert opinions inconnection with conversions of legal form, mergers, capital increasesand reductions, financial reorganizations, admission and retirement ofpartners or sharehoIders, sale of a business, liquidations and the like.
(6) To the extent that the annual sales tax return is accepted as additional work,this does not include the review of any special accounting prerequisities nor ofthe issue as to whether all potential legal sales tax reductions have beenclaimed. No guarantee is assumed for the completeness of the supportingdocuments and records to validate the deduction of the input tax credit.
12. Confidentiality towards third parties and data security
(1 ) Pursuant to the law the Wirtschaftsprüfer is obliged to treat all facts thathe comes to know in connection with his work as confidential, irrespective ofwhether these concern the client himself or his business associations, unlessthe client releases him from this obligation.
(2) The Wirtschaftsprüfer may only release long-form reports, expert opinionsand other written statements on the results of his work to third parties with theconsent of his client.
(3) The Wirtschaftsprüfer is entitled – within the purposes stipulated by theclient – to process personal data entrusted to him or allow them to beprocessed by third parties.
13. Default of acceptance and lack of cooperation on the part of the client
lf the client defaults in accepting the services offered by the Wirtschaftsprüferor if the client does not provide the assistance incumbent on him pursuant toNo. 3 or otherwise, the Wirtschaftsprüfer is entitled to cancel the contractimmediately. The Wirtschaftsprüfer’s right to compensation for additionalexpenses as well as for damages caused by the default or the lack ofassistance is not affected, even if the Wirtschaftsprüfer does not exercise hisright to cancel.
14. Remuneration
(1 ) In addition to his claims for fees or remuneration, the Wirtschaftsprüfer isentitled to reimbursement of his outlays: sales tax will be billed separately. Hemay claim appropriate advances for remuneration and reimbursement ofoutlays and make the rendering of his services dependent upon the completesatisfaction of his claims. Multiple clients awarding engagements are jointlyand severally liable.
(2) Any set off against the Wirtschaftsprüfer’s claims for remuneration andreimbursement of outlays is permitted only for undisputed claims or claimsdetermined to be legally valid.
15. Retention and return of supporting documentation and records
(1) The Wirtschaftsprüfer retains, for ten years, the supporting documents andrecords in connection with the completion of the engagement – that had beenprovided to him and that he has prepared himself – as well as thecorrespondence with respect to the engagement.
(2) After the settlement of his claims arising from the engagement, theWirtschaftsprüfer, upon the request of the client, must return all supportingdocuments and records obtained from him or for him by reason of his work onthe engagement. This does not, however, apply to correspondenceexchanged between the Wirtschaftsprüfer and his client and to any documentsof which the client already has the original or a copy. The Wirtschaftsprüfermay prepare and retain copies or photocopies of supporting documents andrecords which he returns to the client.
16. Applicable law
Only German law applies to the engagement, its conduct and any claimsarising therefrom.
FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Transparency International International Secretariat Alt-Moabit 96 10559 Berlin Germany
Phone: +49 - 30 - 34 38 200 Fax: +49 - 30 - 34 70 39 12
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