financial statements for the year ended 31 december …...dec 31, 2017 · meg taylor, dbe...

PACIFIC ISLANDS FORUM SECRETARIAT

FINANCIAL STATEMENTS

For the year ended31 December 2017


Financial Statements - i - 31 December 2017

Our Pacific Vision is for a region of peace, harmony,security, social inclusion, and prosperity, so that allPacific people can lead free, healthy, and productivelives.

ValuesWe value and depend upon the integrity of our vastocean and our island resources.We treasure the diversity and heritage of the Pacificand seek an inclusive future in which cultures,traditions and religious beliefs are valued, honouredand developed.We embrace good governance, the full observance ofdemocratic values, the rule of law, the defence andpromotion of all human rights, gender equality, andcommitment to just societies.We seek peaceful, safe, and stable communities andcountries, ensuring full security and wellbeing for thepeoples of the Pacific.We support full inclusivity, equity and equality for allpeople of the Pacific.We strive for effective, open and honest relationshipsand inclusive and enduring partnerships based onmutual accountability and respect with each other,within our sub-regions, within our region, and beyond.These Pacific regional values will guide all ourpolicy-making and implementation.

Our principal objectives are:Sustainable development that combines economic,

social and cultural development in ways that

improve livelihoods and well-being and use the

environment sustainably;

Economic growth that is inclusive and equitable;

Strengthened governance, legal, financial and

administrative systems; and

Security that ensures stable, safe human,

environmental and political conditions for all.

Framework for Pacific Regionalism


Financial Statements - ii - 31 December 2017

Table of Contents

Statement.............................................................................................1

General Fund Statement of Comprehensive Income ...........................................................5

Statement of Financial Position ...........................................................................................6

Statement of Changes in Funds............................................................................................7

Statement of Cash Flows .....................................................................................................8

Notes to the Financial Statements........................................................................................9

1. Reporting entity ................................................................................................................... 9

2. Statement of significant accounting policies ....................................................................... 9

3. Contributions from Members General Fund .................................................................. 15

4. Other income General Fund........................................................................................... 15

6. Cash and cash equivalents ................................................................................................ 17

7. Held-to-maturity investments ............................................................................................ 18

8. Inventories ......................................................................................................................... 18

9. Receivables Members ..................................................................................................... 18

10. Other receivables and prepayments .................................................................................. 18

11. Property, plant and equipment .......................................................................................... 19

12. Intangible assets ................................................................................................................ 20

13. Current payables and accruals ......................................................................................... 20

14. Provisions.......................................................................................................................... 21

15. Contributions received in advance Trust Fund .............................................................. 21

16. Commitments and contingent liabilities ............................................................................ 22

17. Related party ..................................................................................................................... 22

18. Risk management policies ................................................................................................. 23

21. Events subsequent to year end........................................................................................... 25

Consolidated Statement of Comprehensive Income ..........................................................27

Consolidated Statement of Comprehensive Income ..........................................................28

Consolidated Statement of Comprehensive Income (by Key Result Areas) .....................29

Consolidated Statement of Comprehensive Income (by Key Result Areas) .....................30


Financial Statements - 1 - 31 December 2017

I am pleased to present the Secretariat financial statements and independent auditors reportfor the year ended 31 December 2017.

During the year, we expended FJD42m, while our total cash and investment holdings at yearend amounted to FJD35m.

I remain conscious of the responsibility entrusted to the Secretariat by Members of the PacificIslands Forum, and by our development partners, to manage such a substantial level of funding.I therefore reaffirm our commitment to ensure that these financial statements provide anaccountable and transparent summary of the Secretariat 2017financial year.

In my opinion:

(a) the accompanying General fund statement of profit or loss is drawn up so as to give atrue and fair view of the results of the Secretariat for the year ended 31 December 2017;

(b) the accompanying statement of financial position is drawn up so as to give a true andfair view of the state of the Secretariat 2017;

(c) the accompanying statement of changes in funds is drawn up so as to give a true andfair view of the movement in funds of the Secretariat for the year ended 31 December2017; and

(d) the accompanying statement of cash flows is drawn up so as to give a true and fair viewof the cash flows of the Secretariat for the year ended 31 December 2017.

Dated at Suva this 27th day of April 2018

__________________________

Meg Taylor, DBESecretary General



General Fund Statement of Comprehensive Income

For the Year Ended 31 December 2017

Note 2017 2016

FJD FJDIncome

Contributions from Members 3 5,057,820 5,057,820Interest income 144,001 92,587Recoveries income 1,615,850 1,434,385Administration fees received 604,721 754,623Other income 4 12,932,658 15,595,121

20,355,050 22,934,536

Expenditure

Economic Governance 5(a) 4,007,666 3,417,141Political Governance and Security 5(b) 2,379,321 2,631,474Strategic Partnerships and Coordination 5(c) 3,107,220 3,501,400Corporate Services 5(d) 5,710,443 5,077,503Management of the Secretariat 5(e) 3,472,091 2,841,407

18,676,741 17,468,925

Net foreign exchange (loss) (335,477) (10,421)

Surplus of income over expenditure 1,342,832 5,455,190

This statement is to be read in conjunction with the notes to and forming part of the financial statements set outon pages 9 to 25.



Statement of Financial Position

As at 31 December 2017Note 2017 2016

FJD FJDCurrent assetsCash and cash equivalents 6 32,941,572 40,532,775Held-to-maturity investments 7 2,297,196 2,269,616Inventories 8 16,906 10,051Receivables Members 9 1,407 427,477Other receivables and prepayments 10 197,019 2,700,609Total current assets 35,454,100 45,940,527

Non-current assetsProperty, plant and equipment 11 6,173,721 6,546,182Intangible assets 12 51,127 85,816Total non-current assets 6,224,848 6,631,998

Total assets 41,678,948 52,572,575

Current liabilitiesCurrent payables and accruals 13 2,007,491 1,716,772Provisions 14 301,043 -Contributions received in advance Trust Fund 15 24,333,455 36,934,302Total current liabilities 26,641,989 38,651,074

Total liabilities 26,641,989 38,651,074

Net assets 15,036,959 13,921,451

Accumulated and reserve fundsGeneral fund 10,960,130 9,281,821Exchange translation reserve (235,134) 100,343Capital reserve 4,311,963 4,539,287Total accumulated and reserve funds 15,036,959 13,921,451

For the Pacific Islands Forum Secretariat

_________________________ ____________________________Meg Taylor, DBE Simon CleggSecretary General Director Corporate Services




Statement of Changes in Funds


2017 2016FJD FJD

General Fund

Balance at the beginning of the year 9,281,821 3,816,210Surplus of income over expenditure 1,342,832 5,455,190Transfer to Exchange Translation Reserve 335,477 10,421Balance at the end of the year 10,960,130 9,281,821

Exchange Translation Reserve

Balance at the beginning of the year 100,343 110,764Transfer (from) General Fund (335,477) (10,421)Balance at the end of the year (235,134) 100,343

Capital Reserve

Balance at the beginning of the year 4,539,287 4,811,417Purchase of Trust Fund assets 23,755 5,056Depreciation on PPE used for Projects (251,079) (277,186)Balance at the end of the year 4,311,963 4,539,287




Statement of Cash Flows

For the year ended 31 December 2017

Note 2017 2016FJD FJD

Cash flow from operating activities

Contributions from Members 5,780,266 5,683,381Trust Fund income 25,522,176 24,758,201Programme and project costs (22,703,924) (23,353,525)Other operational costs (15,434,609) (15,355,944)Interest received 159,131 121,757Rent and other income 189,494 581,071Realised exchange (loss)/gain (92) 14

Net cash flow (used in) operating activities (6,487,558) (7,565,045)

Cash flow from investing activities

Proceeds from sale of property, plant and equipment - 500Payments for property, plant and equipment (229,053) (217,007)Payments for intangibles - (49,755)Movement in held to maturity investments (27,581) (127,056)

Net cash flow used in investing activities (256,633) (393,318)

Effect on exchange rate changes (847,012) (436,658)

Net (decrease) in cash held (7,591,203) (8,395,021)

Cash and cash equivalents at the beginning of the year 40,532,775 48,927,796

Cash and cash equivalents at the end of the year 6 32,941,572 40,532,775




Notes to the Financial Statements


1. Reporting entity

The Pacific Islands Forum Secretariat (“the Secretariat”) is domiciled in Fiji. The address ofthe Secretariat’s registered office is Ratu Sukuna Road, Suva. The Secretariat is aninternational organisation established by treaty, signed and ratified by the governments ofthe sixteen member countries.

The principal activity of the Secretariat during the course of the financial year was tofacilitate, develop and maintain cooperation and consultation between member governmentson economic development, trade, energy, legal, political, security and such other matters asthe Pacific Islands Forum may direct. There were no significant changes in the nature of thisactivity during the year.

2. Statement of significant accounting policies

The significant policies, which have been adopted in the preparation of these financialstatements, are noted below. Certain comparative amounts have been reclassified ordisaggregated to conform with the current year’s presentation.

(a) Statement of compliance

The financial statements of the Secretariat have been drawn up in accordance withInternational Financial Reporting Standards (“IFRS”) adopted by the InternationalAccounting Standards Board and the provisions of the Financial Regulations of theSecretariat.

The financial statements were authorised for issue by the Secretary General on 27 April 2018.

(b) Basis of measurement

The financial statements have been prepared on the basis of historical costs and do not takeinto account changing money values or current valuations of non-current assets. Theaccounting policies have been consistently applied and, except where there is a change in theaccounting policy, are consistent with those of the prior years.

(c) Fund accounting

Because a considerable part of its annual revenue comprises individual grants or donationsfor specified projects, the Secretariat has adopted a fund accounting system. Accordingly, itis necessary to establish a separate fund to record the amount received, expenditure incurredand the net balance of the funds available to be carried forward into the next financial period.The identification of funds is maintained within the accounting system thus providing thenecessary control to ensure that each fund is used only for the purpose for which it is received.

(d) Functional and presentation currency

The financial statements are presented in Fiji dollars, rounded to the nearest dollar.



Notes to the Financial StatementsFor the Year Ended 31 December 2017

2. Statement of significant accounting policies (continued)

(e) Use of estimates and judgements

The preparation of the financial statements in conformity with IFRS requires management tomake judgments, estimates and assumptions that affect the application of accounting policies andthe reported amounts of assets, liabilities, income and expenses. Actual results may differ fromthese estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountingestimates are recognised in the period in which the estimates are revised and in any future periodsaffected.

Information about critical judgments in applying accounting policies that have the mostsignificant effect on the amounts recognised in the financial statements is included in thefollowing notes:

Note 2(h) Property, plant and equipmentNote 2(i) Intangible assetsNote 2(p) Receivables

(f) New standards and interpretations not adopted

A number of new standards, amendments to standards and interpretations are effective for annualperiods beginning after 1 January 2017 and have not been applied in preparing these financialstatements.

Those which are relevant to the Secretariat are set out below. The Secretariat does not plan toearly adopt these standards and the extent of the impact has not been determined.

IFRS 9 Financial Instruments (effective for annual periods beginning 1 January 2018);

IFRS 15 Revenue from Contracts with Customers (effective for annual periods beginning 1January 2018); and

IFRS 16 Leases (effective for annual periods beginning 1 January 2019).

(g) Foreign currency transactions

Transactions in foreign currencies are translated into Fiji dollars at exchange rates at the dates ofthe transactions. Monetary assets and liabilities denominated in foreign currencies at the reportingdate are translated into Fiji dollars at the exchange rate at that date. The foreign currency gainsor losses on translation are recognised in profit or loss.





(h) Property, plant and equipment

Recognition and measurement

Property, plant and equipment purchased from the General Fund are stated at cost lessaccumulated depreciation and any impairment losses.

Cost includes expenditure that is directly attributable to the acquisition of the asset. The cost ofself-constructed assets includes the cost of materials and direct labour, any other costs directlyattributable to bringing the assets to a working condition for their intended use, the costs ofdismantling and removing the items and restoring the site on which they are located andcapitalised borrowing costs. Purchased software that is integral to the functionality of the relatedequipment is capitalised as part of that equipment.

When parts of an item of property, plant and equipment have different useful lives, they areaccounted for as separate items (major components) of property, plant and equipment.

Property, plant and equipment purchased from the Trust Fund are expensed at the time ofpurchase. These assets, together with donated assets, are capitalised with the correspondingcredit reflected in the Capital Reserve.

All additions are at VAT inclusive prices.

When assets are retired or otherwise disposed off, the related cost and accumulated depreciationis removed from the accounts and any resultant profit or loss is taken to the General Fundstatement of profit or loss.

For donated assets and assets previously expensed in Contributions Received in Advance TrustFund (note 15), a transfer is also made from the Capital Reserve which exactly matches the netcost of donated or trust fund assets disposed off during the period. Gains or losses from the saleof donated or trust funded assets are credited as income or debited as expenditure in the GeneralFund statement of profit or loss.

Gains and losses on disposal of an item of property, plant and equipment are determined bycomparing the proceeds from disposal with the carrying amount of property, plant andequipment.

Subsequent expenditure

The cost of replacing part of an item of property, plant and equipment is recognised in thecarrying amount of the item if it is probable that the future economic benefit embodied withinthe part will flow to the Secretariat and its cost can be measured reliably. The cost of the day-to-day servicing of plant and equipment is recognised in statement of profit or loss as incurred.





(h) Property, plant and equipment (continued)

Depreciation

In order to ensure neutrality of donated assets and assets previously expensed in ContributionsReceived in Advance Trust Fund (note 15), a transfer is made from the Capital Reserve benefitrealised from donated/trust fund assets that exactly offsets the depreciation of those assets.

Depreciation is provided on a straight line basis on all property, plant and equipment other than

value, over their estimated useful lives.

Major depreciation periods are:

Leased land 99 yearsBuildings 40 yearsEquipment 3 5 yearsFurniture and fittings 3 5 yearsMotor vehicles 4 years

Depreciation methods, useful lives and residual values are reviewed at each financial year-endand adjusted if appropriate.

(i) Intangible assets

IT software

IT software which is purchased, developed, or implemented, is recorded at historical cost and isamortised over its estimated useful life. The rates used are:

Computer software 10%

(j) Revenue recognition

(i) Annual Contributions

Contributions from Members are recognised on an annual accrual basis.

(ii) Donor Funds

Donor funds received with specific end purpose are recognised as revenue when theconditions attached to the funding have been met. Until those conditions are met, receiptof donor funding are accounted for as Contributions Received in Advance and recognisedas a liability. Donor funds expenses incurred are recognised in statement of profit or losson a systematic basis in the same periods in which the income is recognised.

(ii) Interest and other income

Interest and other income is recognised in profit or loss using the effective interest method.





(j) Revenue recognition (continued)

(iv) Project administration fees

Project administration fees are recognised as income in the General Fund statement ofprofit or loss and an expense in Contributions Received in Advance Trust Fund (note 15).

(v) Recoveries income

Recoveries income relates to overhead recoveries which are recognised as income in theGeneral Fund statement of profit or loss and an expense in Contributions Received inAdvance Trust Fund (note 15).

(k) Expenses

Expenses are recognised on when the service is performed.

(l) Income tax

The Secretariat is exempt from income tax by virtue of Article XI of the Agreement Establishingthe Secretariat, which is signed and ratified by the Fiji Government, and Section 6(1) of theDiplomatic Privileges and immunities Act 1971.

(m) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand, cash at bank and short-term deposits withoriginal terms of three months or less.

Bank overdrafts that are repayable on demand and form an integral part of the Secretariatmanagement are included as a component of cash and cash equivalents for the purpose of thestatement of cash flows.

(n) Held-to-maturity investments

Held-to-maturity investments comprises of term deposits with original terms greater than threemonths and are measured at amortised cost using the effective interest method.

(o) Inventories

Inventories are measured at the lower of cost and net realisable value. The cost of inventories isbased on the weighted average principle, and includes expenditure incurred in acquiring theinventories, production or conversion costs and other costs incurred in bringing them to theirexisting location and condition.

Net realisable value is the estimated selling price in the ordinary course of business, less theestimated costs of completion and selling expenses.





(p) Receivables

Receivables, including Member contributions, are stated less an allowance for doubtful debts.

Allowance for doubtful debts

The collectability of debts is assessed at year end, and an allowance is made for any specificdoubtful debt. In respect of outstanding Member contributions, an allowance is made for anyarrears older than 24 months unless an alternative payment arrangement is in place. In respectof other debtors, an allowance is made for any arrears older than 90 days.

The allowance for each year is expensed and the balance accumulated on the statement offinancial position.

(q) Other receivables

Other receivables including prepayments, interest receivable, sundry debtors and recoverableexpenditure are initially recognised at fair value.

(r) Employee entitlements

Short-term benefits

Short-term employee benefits comprising of annual leave and entitlement to Fiji NationalProvident Fund are measured on an undiscounted basis and are expensed as the related service isprovided.

(s) Payables

Commitments at year end include commitments for goods supplied and services rendered duringthe year, and any other commitments entered into or liability incurred but not discharged, at theclose of the year.

(t) Impairment

The carrying amounts of the Secretariat

recoverable amounts are estimated at each balance date. An impairment loss is recognisedwhenever the carrying amount of an asset or its cash generating amount exceeds its recoverableamount. All impairment losses are recognised in the statement of profit or loss.

(u) Exchange translation reserve

Exchange translation reserve in accordance with the Schedule to the Finance Regulation, is theportion of the General Reserve that relates to consolidated unrealised foreign exchange gains orlosses separately accounted for unrealised foreign exchange movements from operation surplus.





2017 2016FJD FJD

3. Contributions from Members General Fund

Australia 1,872,788 1,872,788

Cook Islands 50,893 50,893

Federated States of Micronesia 99,958 99,958

Fiji 112,870 112,870

French Polynesia (Associate) 22,281 22,281

Kiribati 50,893 50,893

Nauru 50,893 50,893

New Caledonia (Associate) 22,281 22,281

New Zealand 1,872,788 1,872,788

Niue 50,893 50,893

Palau 50,893 50,893

Papua New Guinea 276,490 276,490

Republic of Marshall Islands 50,893 50,893

Samoa 99,958 99,958

Solomon Islands 99,958 99,958

Tonga 99,958 99,958

Tuvalu 50,893 50,893

Vanuatu 99,958 99,958

Tokelau (Associate) 22,281 22,281

5,057,820 5,057,820

4. Other income General Fund

Rent received 204,900 194,024Donor reimbursement - 99,183Other income 7,740 18,842Voluntary contributionsTransfer from Trust Fund

12,720,018-

11,218,7844,007,277

Doubtful debt recovered - 57,01112,932,658 15,595,121

From 1 January 2016, the Secretariat merged the Regular Budget and Core Budget into one PrimaryBudget and the Finance Regulations were amended to reflect this change accordingly. As a resultof the merger, the Core Budget funds are added to the General Fund funding. These include thecurrent year Voluntary contributions from Australia, New Zealand and China of FJD $11,218,784and the Transfer of prior year funding from Trust Fund of FJD $4,007,277 made up of the carriedforward balance of Core Budget funds of FJD $2,556,183 from Australia and New Zealand andFJD $1,451,094 from China.





2017 2016FJD FJD

5. General Fund expenditure

5 (a) Economic GovernanceSalary and ancillary costs 2,810,771 2,544,612

Operational costs 455,021 201,084

Duty travel and Meeting Costs 576,724 488,945

Recoveries 165,150 182,500

4,007,666 3,417,141

5 (b) Political Governance and SecuritySalary and ancillary costs 1,524,278 1,493,532

Operational costs 75,542 187,836Duty travel and meeting costs 619,101 810,406Recoveries 160,400 139,700

2,379,321 2,631,474

5 (c) Strategic Partnerships and CoordinationSalary and ancillary costs 2,208,855 2,261,325Operational costs 392,062 519,239Duty travel 266,453 491,386Recoveries 239,850 229,450

3,107,220 3,501,400

5 (d) Corporate ServicesSalary and ancillary costs 2,737,721 2,148,047Operational costs 1,733,234 1,864,561Land lease 37,075 37,075Duty travel and meeting costs 66,358 76,850External audit fees 32,841 24,634Depreciation 403,514 345,628Bad and doubtful debts - 1,008Recoveries 699,700 579,700

5,710,443 5,077,504

5 (e) Management of the Secretariat

Salary and ancillary costs 2,518,137 2,198,129Operational costs 251,391 202,574Duty travel and meeting costs 476,263 255,854Recoveries 226,300 184,850

3,472,091 2,841,407



Term Deposit cash of NZD $2,036,696 is held with ANZ Bank New Zealand Limited at an interestrate of 2.00% maturing on 26 January 2018.

Term Deposit cash of AUD $1,000,000 is held with Australia and New Zealand Banking GroupLimited (ANZ Australia) at an interest rate of 1.89% maturing on 22 January 2018.



2017 2016FJD FJD

6. Cash and cash equivalents

Bank balances

Operating accounts FJD 392,098 12,327Operating accounts AUD 1,120,624 5,667,329Operating accounts EURO 192,766 182,895Operating accounts NZD 246,116 1,777,801Operating accounts USD 9,243,303 6,554,195PIFS Scholarship Fund account 2,622,271 1,878,263Hub & Spokes account 78,269 64,162PEC project account USD 11,115,056 20,838,631PITAP account EURO 907,198 1,067,815TCF PE2 account EURO 23,965 21,966Human Rights account EURO 903,391 1,046,060Support to RAO account EURO 1,469,946 1,336,576NSA Program account EURO 58,302 83,255Total bank balances 28,373,305 40,531,275

Cash on hand

Petty cash 1,500 1,500Total cash on hand 1,500 1,500

Held-to-maturity CashTerm Deposit - New Zealand 2,965,486 -Term Deposit - Australia 1,601,281 -

4,566,767

Total cash and cash equivalents 32,941,572 40,532,775





Term deposit investment of NZD $1,577,714 is held with Westpac New Zealand Limited at an interestrate of 3.55% per annum maturing on 2 July 2018.

8. Inventories

Consumable inventories 16,906 10,051

9. Receivables Members

Cook Islands - 15

Federated States of Micronesia - 144,651

Kiribati - 44,116

Nauru - 15

Palau 1,407 179

Vanuatu - 238,500

Total receivables- Members 1,407 427,477

10. Other receivables and prepayments

Prepayments 63,975 2,598,737Prepaid franking machine 3,000 3,000Bonds 31,702 31,702Interest receivable 43,164 40,768

141,841 2,674,207

Sundry debtors 55,178 26,402Allowance for doubtful debts - -Net sundry debtors 55,178 26,402

Total other receivables and prepayments 197,019 2,700,609

2017 2016

7. Held-to-maturity investments

FJD FJD

Term Deposits 2,297,196 2,269,6162,297,196 2,269,616





11. Property, plant and equipment

Land andBuildings

Plant andEquipment

Furnitureand Fittings

MotorVehicle

TotalFJD FJD FJD FJD FJD

Cost/ValuationBalance at 1 January 2016 11,715,745 4,724,779 569,128 234,805 17,244,457Acquisitions - 208,546 3,405 - 211,951Disposals - (66,847) - - (66,847)Balance at 31 December 2016 11,715,745 4,866,478 572,533 234,805 17,389,561Acquisitions - 221,320 31,488 - 252,808Disposals - (223,143) - - (223,143)Balance at 31 December 2017 11,715,745 4,864,655 604,021 234,805 17,419,226

Accumulated DepreciationBalance at 1 January 2016 5,638,257 4,056,113 410,343 205,433 10,310,146Depreciation charge for the year 264,269 264,622 57,438 13,750 600,079Disposals - (66,846) - - (66,846) (35,675)Balance at 31 December 2016 5,902,526 4,253,889 467,781 219,183 10,843,379Depreciation charge for the year 264,269 290,534 49,771 13,750 618,324Disposals (216,198) - - (216,198)Balance at 31 December 2017 6,166,795 4,328,225 517,552 232,933 11,245,505

Carrying AmountAt 1 January 2016 6,077,488 668,666 158,786 29,372 6,934,311At 31 December 2016 5,813,219 612,590 104,753 15,622 6,546,182At 31 December 2017 5,548,950 536,430 86,469 1,872 6,173,721




For the Year Ended 31 December 201712. Intangible assets

FJD

Computer softwareCostBalance as at 1 January 2016 221,124Additions 49,755Disposals -Balance as at 31 December 2016 270,879Additions -Disposals -Balance as at 31 December 2017 270,879

Amortisation and impairmentBalance as at 1 January 2016 162,329Amortisation charge for the year 22,734Disposals -Balance as at 31 December 2016 185,063Amortisation charge for the year 34,689DisposalsBalance as at 31 December 2017 219,752

Carrying amountAt 1 January 2016 58,795At 31 December 2016 85,816At 31 December 2017 51,127

2017 2016

FJD FJD

13. Current payables and accruals

Trade creditors and commitments 677,226 629,218

Employee entitlement 748,638 764,285

Other accrued expenses 196,308 15,860

Sundry creditors 376,961 245,403

Payables - Members:

Federated States of Micronesia 969 -

Marshall Islands 7,374 61,684

Samoa 15 30

New Caledonia (Associate) - 292

2,007,491 1,716,772





2017 2016FJD FJD

14. Provisions

Provision for project ineligible expenditures 301,043 -

The provision for project ineligible expenditures represents the audit financial findings of the EU PITAPproject in relation to OCTA that is in dispute. Refer to note 16 on Contingent Liability.

15. Contributions received in advance Trust Fund

IncomeTrust Fund income 13,152,356 13,787,992Interest income 17,526 21,498Benefits derived from property, plant andequipment

249,499 274,474

13,419,381 14,083,964

ExpenditureEconomic Governance 7,075,734 9,524,477Political Governance and Security 1,132,450 182,558Strategic Partnerships and Coordination 16,989,200 19,060,112Corporate Services 305,324 397,966Management of the Secretariat 5,985 (59,657)

25,508,693 29,105,456

(12,089,312) (15,021,492)

Transfer (to)/from General Fund - (4,007,277)

Net foreign exchange (loss) (511,535) (426,238)

(Deficit) of income over expenditure (12,600,847) (19,455,007)

Balance at the beginning of the year 36,934,302 56,389,309

Balance at the end of the year 24,333,455 36,934,302





16. Commitments and contingent liabilities

(a) Contingent liabilities

The European Union project entitled Pacific Integration Technical Assistance Program (PITAP) wasestablished with the signing of a Contribution Agreement between the European Commission (EC)and Pacific Islands Forum Secretariat (PIFS) in April 2011. PIFS later entered into a fundingagreement with Melanesian Spearhead Group (MSG) and Office of the Trade Adviser (OCTA) in2014 for the same project. PITAP was then audited by an EU engaged auditor, EY India in 2016 forthe period from 1 October 2014 to 31 December 2015 for PIFS, from 14 February 2014 to 31December 2015 for MSG and from 07 February 2014 to 31 December 2015 for OCTA and the

totalling EUR233,577 (of which EUR 91,759 relates to PIFS, EUR 120,929 relates to OCTA and EUR 20,889relates to MSG) which in their opinion are considered ineligible expenditures. PIFS with MSG andOCTA have noted their objections to all findings in the auditor786 which OCTA has agreed to. These three agencies will continue to object to these ineligiblefindings to the European Delegation in Suva and will seek to resolve this matter with the EuropeanUnion. At this point the Secretariat is recording the EUR 112,648 of the ineligible expendituresrelating to PIFS and MSG as a contingent liability. Refer to note 14 on Provision for project ineligibleexpenditures. (2016: $nil).

(b) Capital expenditure commitments

Expenditure approved and committed amounted to $nil as at 31 December 2017 (2016: $nil).

17. Related party

Identity of related parties

The Secretariat has a related party relationship with its executive officers.

Key management personnel

During the year the following persons were the executives identified as key management personnel withthe greatest authority and responsibility for planning, directing and controlling the activities of theSecretariat:

Dame Meg Taylor Secretary General

Andie Fong ToyDeputy Secretary General, Economic Governance and Security up to 22May 2017

Cristelle Pratt Deputy Secretary General, Strategic Partnerships and Coordination

Irvine Paki Ormsby

Sione Tekiteki

Director Policy from 28 August 2017

Director Political Governance and Security

Shiu Raj Director Economic Governance

Simon Clegg Director Corporate Services




17. Related party (continued)

Key management personnel (continued)

The aggregate compensation of the key management personnel comprises of short term benefits only andis set out below:

2017 2016

FJD FJD

Short-term benefits 1,902,449 2,223,398

18. Risk management policies

Financial risk management objective and policies

The Secretariat incipal financial instruments comprise cash, short-term deposits and receivables. Themain purpose of these financial instruments is to provide finance for the Secretariat

As a result of the Secretariat is exposed to exchange rate risk, creditrisk, interest rate risk and liquidity risk

Details of the significant accounting policies and methods adopted, including the criteria for recognition,the basis of measurement and the basis on which income and expenses are recognised, in respect of eachclass of financial asset and financial liability are disclosed in Note 2 to the financial statements.

i. Foreign exchange risk

Exchange rate risk relates to the risk of loss arising from changes in the exchange rates against the Fijidollar. The Secretariat receives funding from various member countries and donors in foreign currency.The Secretariat utilises these foreign currencies to transact in Fiji dollars. This exposes the Secretariat toforeign exchange risk. In order to reduce the exposure to foreign exchange risks, the Secretariat operatesvarious foreign currency bank accounts (such as Australian, New Zealand, United States and Euro dollaraccounts) and transacts where required in these currencies.

The Secretariat exposure to foreign currency risk was as follows based on notional amounts:

Carrying amount2017 2016

AUD 699,830 3,685,464NZD 169,032 1,198,771USD 9,922,664 12,860,932EURO 1,425,835 1,637,210




19. Risk management policies (continued)

Financial risk management objective and policies (continued)

i. Foreign exchange risk (continued)

The following significant exchange rates applied during the year:

Reporting date rate2017 2016

AUD 0.6245 0.6503NZD 0.6868 0.6743USD 0.4874 0.4695EURO 0.4077 0.4479

Sensitivity analysis:

A 10 percent strengthening or weakening of the foreign currency against the Fiji dollar at 31 December2017 would have increased or decreased respectively equity and income by the amounts shown below.This analysis assumes that all other variables, in particular interest rates, remain constant. The analysisis performed on the same basis for 2016.

AUD NZD USD EURO

Equity Income Equity Income Equity Income Equity Income

2017 112 112 25 25 2,036 2,036 350 350

2016 567 567 178 178 2,739 2,739 366 366

Forward Contract Policy

The Secretariat established a Forward Contracts Policy and Procedures on the 29 June 2015 as a tool formanaging foreign currency risks and it is designed to control risks associated with entering into ForwardContract arrangement. There were no forward contracts entered into by the Secretariat during 2017.




20. Risk management policies (continued)

Financial risk management objective and policies (continued)

i. Credit risk

Credit risk is the potential risk for loss arising from failure of Members to meet their agreed contributions.

to bad debts. This is not considered a significant risk.

The Secretariat does not account for any fixed rate financial assets and financial liabilities at fair valuethrough profit or loss. Therefore, a change in interest rates at the reporting date would not affect thestatement of comprehensive income. Furthermore, the financial assets and financial liabilities are carriedat amortized costs in the balance sheet and is considered a reasonable approximation of fair value.

ii. Interest rate risk

exposure to interest rate risk is not considered material.

iii. Liquidity risk

Liquidity risk is the risk that the Secretariat will not be able to meet its financial obligations as they falldue. The Secretariat , that it will alwayshave sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions,without incurring unacceptable losses or risky damage to the Secretariat

Prudent liquidity risk management implies maintaining sufficient cash, marketable securities and theavailability of funding through an adequate amount of committed credit facilities.

The Secretariat Secretariat hasminimal exposure to liquidity risk.

21. Events subsequent to year end

There has not arisen in the interval between the end of the year and the date of this report any item,transaction or event of a material and unusual nature likely, in the opinion of the Secretary General, toaffect significantly the operations of the Secretariat, the results of those operations or the state of affairsof the Secretariat in subsequent financial years.



Consolidated Statement of Comprehensive Income


2017 2017 Eliminations 2017ConsolidatedGeneral Fund Trust Fund

PB XB

FJD FJD FJD FJDIncome

Contributions from members 5,057,820 350,024 - 5,407,844Interest 144,001 17,526 - 161,527Recoveries income 1,615,850 - (1,615,850) -Administration fees received 604,721 - (604,721) -Other income 12,931,077 - - 12,931,077Trust Fund income - 12,802,332 - 12,802,332Benefits derived from property, plant & equipment 1,581 249,499 - 251,080

20,355,050 13,419,381 (2,220,571) 31,553,860

Expenditure

Economic Governance 4,007,666 7,075,734 - 11,083,400Political Governance and Security 2,379,321 1,132,450 - 3,511,771Strategic Partnerships and Coordination 3,107,220 16,989,200 - 20,096,420Corporate Services 5,710,443 305,324 (2,220,571) 3,795,196Management of the Secretariat 3,472,091 5,985 - 3,478,076

18,676,741 25,508,693 (2,220,571) 41,964,863

Foreign exchange gain/(loss) (335,477) (511,535) - (847,012)(Deficit)/surplus of income over expenditure 1,342,832 (12,600,847) - (11,258,015)



Consolidated Statement of Comprehensive Income



PB XBFJD FJD FJD FJD

Income

Contributions from members 5,057,820 350,024 - 5,407,844Interest 92,587 21,498 - 114,085Recoveries income 1,434,385 - (1,434,385) -Administration fees received 754,623 - (754,623) -Other income 15,595,121 - - 15,595,121Trust Fund income - 13,437,968 (4,007,277) 9,430,691Benefits derived from property, plant & equipment - 274,474 - 274,474

22,934,536 14,083,964 (6,196,285) 30,822,215

Expenditure

Economic Governance 3,417,141 9,524,477 - 12,941,618Political Governance and Security 2,631,474 182,558 - 2,814,032Strategic Partnerships and Coordination 3,501,400 19,060,112 - 22,561,512Corporate Services 5,077,503 397,966 (2,189,008) 3,286,461Management of the Secretariat 2,841,407 (59,657) - 2,781,750

17,468,925 29,105,456 (2,189,008) 44,385,373

Transfer (to)/from General Fund - (4,007,277) 4,007,277 -Foreign exchange gain/(loss) (10,421) (426,238) - (436,658)(Deficit)/surplus of income over expenditure 5,455,190 (19,455,007) - (13,999,816)



Consolidated Statement of Comprehensive Income (by Key Result Areas)



PB XBFJD FJD FJD FJD

Income

Contributions from members 5,057,820 350,024 - 5,407,844Interest 144,001 17,526 - 161,527Recoveries income 1,615,850 - (1,615,850) -Administration fees received 604,721 - (604,721) -Other income 12,931,077 - - 12,931,077Trust Fund income - 12,802,332 - 12,802,332Benefits derived from property, plant & equipment 1,581 249,499 - 251,080

20,355,050 13,419,381 (2,220,571) 31,553,860

Expenditure

KRA 1: Prioritising Regional Agenda 6,295,060 7,427,012 - 13,722,072KRA 2: Implement Framework Initiatives 5,280,162 7,596,790 - 12,876,952KRA 3: Corporate Efficiency and Accountability 7,101,519 301,378 (2,220,571) 5,182,326Technical Cooperation & Associated Functions - 10,183,513 - 10,183,513

18,676,741 25,508,693 (2,220,571) 41,964,863

Foreign exchange gain/(loss) (335,477) (511,535) - (847,012)(Deficit)/surplus of income over expenditure 1,342,832 (12,600,847) - (11,258,015)



Consolidated Statement of Comprehensive Income (by Key Result Areas)


2016General Fund

2016Trust Fund

Eliminations 2016Consolidated

PB XB

FJD FJD FJD FJD

Income

Contributions from Members 5,057,820 350,024 - 5,407,844

Interest 92,587 21,498 - 114,085

Recoveries income 1,434,385 - (1,434,385) -

Administration fees received 754,623 - (754,623) -

Other income 15,595,121 - - 15,595,121

Trust Fund income - 13,437,968 (4,007,277) 9,430,691

Benefits derived from property, plant & equipment - 274,474 - 274,474

22,934,536 14,083,964 (6,196,285) 30,822,215

ExpenditureKRA1: Prioritising Regional Agenda 3,591,982 4,440,952 - 8,032,934

KRA2: Implement Framework Initiatives 1,012,494 325,413 - 1,337,907

KRA3: Economic Governance & SustainableDevelopment

2,768,046 1,436,777 - 4,204,823

KRA4: Political Governance & Security 2,754,500 319,318 - 3,073,818

KRA5: Corporate Efficiency and Accountability 6,591,206 338,113 (2,189,008) 4,740,311

ASF: Pacific Trade & Investments 750,697 22,244,883 - 22,995,580

17,468,925 29,105,456 (2,189,008) 44,385,373

Transfer (to)/from General Fund - (4,007,277) 4,007,277 -

Foreign exchange gain/(loss) (10,421) (426,238) - (436,658)

(Deficit)/surplus of income over expenditure 5,455,190 (19,455,007) - (13,999,816)



Supplementary Information

Reconciliation of Income and Expenditure - Trust Fund (Sum by Programmes)

As at 31st December 2017

Programme

Progcode

2016 CarryForward

2017Reallocation

2017 FundingBalance c/f

2017 FundingReceived

Total 2017Funds

Available

2017Expenditure

2017 CarryForward

Economic Governance EG8,973,325 1,146,966 10,120,291 2,896,667 13,016,958 7,075,718 5,941,240

Political Governance PS47,575 - 47,575 1,037,528 1,085,103 1,132,450 (47,347)

Strategic Partnership andCoordination

ST27,838,341 (572,214) 27,266,127 9,100,547 36,366,674 16,989,205 19,377,469

Corporate Services CS284,721 (681,053) (396,332) 249,499 (146,833) 305,309 (452,142)

Management of the Secretariat MS6,808 106,500 113,308 117,624 230,932 6,000 224,932

Foreign Exchange Movement FX(237,966) (199) (238,165) (511,545) (749,710) 11 (749,721)

Interest Income II21,498 - 21,498 17,526 39,024 - 39,024

TOTAL CONTRIBUTIONS FROMDONORS 36,934,302 - 36,934,302 12,907,846 49,842,148 25,508,693 24,333,455




Reconciliation of Income and Expenditure - Trust Fund (Sum by Donors)


Donor2016 CarryForward

2017 Reallocation2017 FundingBalance c/f


Total 2017Funds Available

2017Expenditure

2016 CarryForward

AUSTRALIA 3,911,913 57,798 3,969,711 1,636,244 5,605,955 3,179,349 2,426,606AUSTRALIAN FEDERAL POLICE 7,514 - 7,514 - 7,514 - 7,514CHINA 2,355,677 - 2,355,677 1,340,483 3,696,160 1,395,526 2,300,634COMMONWEALTH SECRETARIAT 20,772 - 20,772 30,028 50,800 28,296 22,504CONSERVATION INTERNATIONAL (110,074) 17,722 (92,352) - (92,352) (14,266) (78,086)CSIRO (116,541) (12,332) (128,873) 127,626 (1,247) - (1,247)EAST WEST CENTER 430,748 (430,748) - - - - -EUROPEAN UNION 5,160,268 195 5,160,463 5,120,739 10,281,202 7,901,782 2,379,420GICHD 21 - 21 - 21 - 21GREEN CLIMATE FUND (15,317) - (15,317) 450,589 435,272 400,828 34,444INTERNATIONAL ECONOMICS CONSULTING - - - 146,747 146,747 93,183 53,564JAPAN 19,804,665 (72,971) 19,731,694 - 19,731,694 8,198,221 11,533,473JAPAN ANNUAL CONTRIBUTION 220,249 - 220,249 - 220,249 24,396 195,853KOREA 2,018,737 (157,221) 1,861,516 2,075,119 3,936,635 1,429,627 2,507,008MEMBERS 15,997 41,169 57,166 350,024 407,190 540,128 (132,938)NEW ZEALAND 307,035 (37,825) 269,210 52,411 321,621 49,520 272,101PACIFIC LEADERSHIP PROGRAM 12,457 (12,457) - - - - -SAFE GROUND 3,968 - 3,968 - 3,968 - 3,968SPC 38,751 (38,751) - - - - -STANDING FUND 5,157 - 5,157 - 5,157 - 5,157TAIWAN 2,474,075 157,221 2,631,296 1,236,892 3,868,188 795,041 3,073,147TRADE ADVOCACY FUND 2,464 - 2,464 - 2,464 - 2,464UNDP 118,870 - 118,870 - 118,870 82,979 35,891UNESCO 34,850 38,751 73,601 - 73,601 53,385 20,216UNIFEM - 12,457 12,457 - 12,457 - 12,457UNITED STATES OF AMERICA 451,264 430,748 882,012 - 882,012 117,123 764,889UNIVERSITY OF THE SOUTH PACIFIC 5,000 - 5,000 - 5,000 4,023 977WORLD BANK (20,632) - (20,632) 157,712 137,080 548,751 (411,671)WORLD TRADE ORGANISATION 12,885 6,440 19,325 427,752 447,077 431,291 15,786BENEFITS DERIVED FROM PROPERTY, PLANT &EQUIPMENT - - - 249,499 249,499 249,499 -INTEREST INCOME 21,498 - 21,498 17,526 39,024 - 39,024NET EFFECT OF FOREIGN EXCHANGE (237,969) (196) (238,165) (511,545) (749,710) 11 (749,721)TOTAL CONTRIBUTIONS FROM DONORS 36,934,302 - 36,934,302 12,907,846 49,842,148 25,508,693 24,333,455




Reconciliation of Income and Expenditure - Trust Fund (Detail by Donors)


Donor Project NameProjectcode

KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

AUSTRALIA PACER Plus Meetings 1223 OPT2.08 EG XB 509,191 - 509,191 288,207 797,398 654,034 143,364AUSTRALIA PACER Plus Rules of Origin

Workshop 1224 OPT2.08EG XB

- 39,922 39,922 - 39,922 - 39,922AUSTRALIA Regional Trade Facilitation

Support 1232 OPT2.08EG XB

2,278 (2,278) - - - - -AUSTRALIA Strengthening Trade Negot.

skills -FICs on PACER1234 OPT2.08

EG XB- - - 313,426 313,426 - 313,426

AUSTRALIA Intellectual Property -Trademarks Admin 1304 OPT2.08

EG XB44,022 - 44,022 - 44,022 - 44,022

AUSTRALIA 10th WTO MinisterialConference -Nairobi (MC10)

1321 OPT2.08EG XB

6,440 (6,440) - - - - -AUSTRALIA Aid For Trade Workshops 1376 OPT1.07 EG XB 2,181 - 2,181 - 2,181 - 2,181AUSTRALIA WTO Contribution GOA-PIFS 1383 OPT1.07 EG XB 1,567,398 (754,124) 813,274 - 813,274 335,511 477,763AUSTRALIA Trade Representative

(Geneva) 1384 PER1.1EG XB

- 405,440 405,440 - 405,440 344,688 60,752AUSTRALIA Trade Policy Officer WTO


- 348,684 348,684 - 348,684 331,880 16,804AUSTRALIA PT&I Geneva Operations 1386 OPT2.09 EG XB - 137,931 137,931 - 137,931 83,986 53,945AUSTRALIA Support to PT&I Review

Implementation -DFAT1911 OPT2.09

EG XB783,699 (137,931) 645,768 - 645,768 133,879 511,889

AUSTRALIA Trade Office - Sydney 2120 OPT2.09 EG XB 117 - 117 - 117 - 117AUSTRALIA PT&I- General Manager

2150 PER1.1EG CB

(3,000) - (3,000) - (3,000) 1,647 (4,647)AUSTRALIA Conflict Prevention and

Peace 2220 OPT2.02PS XB

33,718 - 33,718 - 33,718 - 33,718




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

AUSTRALIA Forum Chair Support(PIFS/NZ)-UNGA69 2238 OPT1.11

PS XB- 14,393 14,393 - 14,393 - 14,393

AUSTRALIA Election Observation PNG -DFAT 2432 OPT1.11

PS XB- - - 83,124 83,124 179,235 (96,111)

AUSTRALIA Pacific Legislative Drafters'Technical Forum 2525 OPT1.12

PS XB- - - 107,716 107,716 87,805 19,911

AUSTRALIA Climate Change ResourcingProject 3460 OPT2.02

ST XB24,979 - 24,979 - 24,979 21,267 3,712

AUSTRALIA Support for Pacific ResilienceWorking Group -DFAT

3469 OPT2.02ST XB

- - - 318,725 318,725 149,502 169,223AUSTRALIA Support to Aus. Dev. Partner

Peer Review 3624 OPT1.02ST XB

- 72,971 72,971 - 72,971 72,240 731AUSTRALIA Forum Compact

Implementation/Phase II -AUS 3684 OPT1.02

ST XB69,085 - 69,085 - 69,085 - 69,085

AUSTRALIA Support to Internal ReformPriorities 3726 OPT3.05

CS CB41,169 (41,169) - - - - -

AUSTRALIA Support to IT Infrastructure 4011 OPT3.02 CS CB 227,761 - 227,761 - 227,761 51,880 175,881AUSTRALIA ICT Services Upgrade

Project 4020 OPT3.02CS XB

5,563 - 5,563 - 5,563 - 5,563AUSTRALIA PEDF M&E Framework -

AUSAID 4708 OPT1.04ST XB

11 - 11 - 11 (139) 150AUSTRALIA Pacific Regional Strategy on

Disability 4736 KRA4.3ST XB

20 - 20 - 20 15 5AUSTRALIA Support for Forum Foreign

Affairs MM -XB 5108 OPT1.04PS CB

19,601 (19,601) - - - - -AUSTRALIA Pacific Plan Adviser Support 5538 OPT1.01 ST XB 104,902 - 104,902 - 104,902 - 104,902AUSTRALIA Pacific Plan Review (XB) 5541 OPT1.01 ST XB 911 - 911 - 911 - 911AUSTRALIA Review of Governance &

Financing 5542 OPT1.13ST XB

353,586 - 353,586 - 353,586 209,608 143,978AUSTRALIA Enhancing Pacific Ocean

Governance - DFAT 5654 ASF1.02ST XB

118,281 - 118,281 266,396 384,677 305,558 79,119




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

AUSTRALIA Support for PIF Membersattendance at BBNJ

5655 ASF1.02ST XB

- - - 258,650 258,650 216,753 41,897

AUSTRALIA Total3,911,913 57,798 3,969,711 1,636,244 5,605,955 3,179,349 2,426,606

AUSTRALIANFEDERAL POLICE

VAW Scoping Study2256 OPT1.02

PS XB6,392 - 6,392 - 6,392 - 6,392

AUSTRALIANFEDERAL POLICE

Inter-Agency Border Training2547 OPT1.10

PS XB1,122 - 1,122 - 1,122 - 1,122

AUSTRALIAN FEDERAL POLICE Total7,514 - 7,514 - 7,514 - 7,514

CHINA North Asia Trade Relations 1277 OPT2.08 EG XB 3,316 - 3,316 - 3,316 - 3,316CHINA Trade Office - Beijing 2105 OPT2.09 EG XB 1,342,698 - 1,342,698 1,340,483 2,683,181 1,326,483 1,356,698CHINA Triennial Rev - PIFTO Beijing 2107 OPT2.09 EG XB 11,035 - 11,035 - 11,035 - 11,035CHINA Trade Development (XB) 2141 OPT2.08 EG XB 984,005 - 984,005 - 984,005 61,026 922,979CHINA China Scholarship Publicity 3681 OPT1.05 ST XB 14,623 - 14,623 - 14,623 8,017 6,606

CHINA Total2,355,677 - 2,355,677 1,340,483 3,696,160 1,395,526 2,300,634

COMMONWEALTHSECRETARIAT

Hub & Spoke Project -ComSec 1420 OPT2.09

EG XB20,772 - 20,772 30,028 50,800 28,296 22,504

COMMONWEALTH SECRETARIAT Total20,772 - 20,772 30,028 50,800 28,296 22,504

CONSERVATIONINTERNATIONAL

Conservation InternationalSup. for Pac Ocean Comm.

5652 ASF1.02ST XB

(110,074) 17,722 (92,352) - (92,352) (14,266) (78,086)

CONSERVATION INTERNATIONAL Total(110,074) 17,722 (92,352) - (92,352) (14,266) (78,086)

CSIRO Conservation InternationalSup. for Pac Ocean Comm.

5652 ASF1.02ST XB

12,332 (12,332) - - - - -




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

CSIRO SOI Regional CapacityDevelopment Workshop

5653 ASF1.02ST XB

(128,873) - (128,873) 127,626 (1,247) - (1,247)

CSIRO Total(116,541) (12,332) (128,873) 127,626 (1,247) - (1,247)

EAST WESTCENTER

Joint Study -PICS-US Dev.Oriented Trade & Invest

1307 OPT2.08EG XB

(1,338) 1,338 - - - - -EAST WESTCENTER


1307 OPT2.08ST XB

432,086 (432,086) - - - - -

EAST WEST CENTER Total430,748 (430,748) - - - - -

EUROPEAN UNION RAO Recoveries & Sundries3503 CS00

CS XB(110) 110 - - - - -

EUROPEAN UNION Technical CorporationFacility PE 1- EDF 10 3508 ASF1.01

ST XB(19,907) - (19,907) - (19,907) - (19,907)

EUROPEAN UNION Technical Advisor - EU/RAO 3511 PER1.1 ST XB (70,086) - (70,086) 149,446 79,360 229,052 (149,692)EUROPEAN UNION Programme Officer -

EU/RAO 3512 ASF6.2ST XB

(194,398) - (194,398) 56,264 (138,134) 162,763 (300,897)EUROPEAN UNION TA - Short Term - EU/RAO 3513 ASF1.01 ST XB 1,214,038 - 1,214,038 1,800,099 3,014,137 214,334 2,799,803EUROPEAN UNION Equipment & Operations -

EU/RAO 3516 ASF1.01ST XB

100,909 - 100,909 10,005 110,914 20,775 90,139EUROPEAN UNION Travel & Meetings - EU/RAO 3517 ASF1.01 ST XB (365,206) - (365,206) (865,584) (1,230,790) 869,774 (2,100,564)EUROPEAN UNION Visibility - EU/RAO 3518 TCAF1.01 MS XB - 106,500 106,500 117,624 224,124 6,000 218,124EUROPEAN UNION Visibility - EU/RAO 3518 TCAF1.01 ST XB 106,500 (106,500) - - - - -EUROPEAN UNION Indirect Costs - EU/RAO 3519 ASF1.01 ST XB 56,637 - 56,637 - 56,637 - 56,637EUROPEAN UNION Technical Cooperation

Facility PE 2- EDF 10 3596 ASF1.01ST XB

(48,139) - (48,139) - (48,139) - (48,139)EUROPEAN UNION EU Non State Actor

Recoveries & Sundries 5709 CS00CS XB

(85) 85 - - - - -EUROPEAN UNION PITAP Recoveries &

Sundries 6005 CS00CS XB

- (691,738) (691,738) - (691,738) 3,930 (695,668)




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

EUROPEAN UNION PITAP Recoveries &Sundries 6005 CS00

EG XB(691,738) 691,738 - - - - -

EUROPEAN UNION PICTA Technical Assistance6011 OPT2.08

EG XB(1,821) - (1,821) - (1,821) - (1,821)

EUROPEAN UNION PICTA Travel and Meetings 6012 OPT2.08 EG XB 75,000 - 75,000 - 75,000 2,395 72,605EUROPEAN UNION PICTA Indirect Costs 6019 OPT2.08 EG XB 12,160 - 12,160 - 12,160 - 12,160EUROPEAN UNION EPA Technical Assistance 6021 OPT2.08 EG XB 274,696 - 274,696 - 274,696 3,917 270,779EUROPEAN UNION EPA Travel and Meetings

6022 OPT2.08EG XB

(149) - (149) - (149) (657) 508EUROPEAN UNION EPA Visibility 6024 OPT2.08 EG XB 25,000 - 25,000 - 25,000 - 25,000EUROPEAN UNION Trade Policy Officer ACP/EU

6026 PER1.1EG XB

(5,227) - (5,227) - (5,227) - (5,227)EUROPEAN UNION EPA Indirect Costs 6029 OPT2.08 EG XB 44,449 - 44,449 - 44,449 - 44,449EUROPEAN UNION WTO Technical Assistance

6031 OPT2.08EG XB

(1,821) - (1,821) - (1,821) - (1,821)EUROPEAN UNION Trade Policy Officer WTO


6,818 - 6,818 - 6,818 54,797 (47,979)EUROPEAN UNION WTO Indirect Costs 6039 OPT2.08 EG XB 29,161 - 29,161 - 29,161 - 29,161EUROPEAN UNION Trade Policy Technical

Assistance 6041 OPT2.08EG XB

134,162 - 134,162 - 134,162 140,437 (6,275)EUROPEAN UNION Trade Policy Long-Term

Consultant 6045 OPT2.08EG XB

133,507 - 133,507 - 133,507 - 133,507EUROPEAN UNION Trade Policy Indirect Costs 6049 OPT2.08 EG XB 16,706 - 16,706 - 16,706 - 16,706EUROPEAN UNION PIPSO Technical Assistance

6051 OPT2.08EG XB

(1,821) - (1,821) - (1,821) - (1,821)EUROPEAN UNION PIPSO Travel and Meetings

6052 OPT2.08EG XB

(1,210) - (1,210) - (1,210) - (1,210)EUROPEAN UNION PIPSO Indirect Costs 6059 OPT2.08 EG XB 9,437 - 9,437 - 9,437 - 9,437EUROPEAN UNION PT & I Technical Assistance 6061 OPT2.09 EG XB 191,136 - 191,136 - 191,136 14,606 176,530EUROPEAN UNION PT & I Travel and Meetings

6062 OPT2.09EG XB

- - - - - 2,737 (2,737)




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

EUROPEAN UNION Trade Representative(Geneva) 6066 PER1.1

EG XB(29,450) - (29,450) - (29,450) 70,997 (100,447)

EUROPEAN UNION PT&I Indirect Costs 6069 OPT2.09 EG XB 58,806 - 58,806 - 58,806 - 58,806EUROPEAN UNION Aid for Trade Technical

Assistance 6071 OPT2.08EG XB

268,540 - 268,540 - 268,540 15 268,525EUROPEAN UNION Project Accountant 6077 PER1.1 CS XB 10,422 - 10,422 - 10,422 - 10,422EUROPEAN UNION Aid for Trade Indirect Costs 6079 OPT2.08 EG XB 22,071 - 22,071 - 22,071 - 22,071EUROPEAN UNION Programme Monitoring

Officer 6087 PER1.1ST XB

(8,123) - (8,123) - (8,123) (8,344) 221EUROPEAN UNION Forum Support Indirect Costs 6089 OPT2.08 ST XB 5,985 - 5,985 - 5,985 - 5,985EUROPEAN UNION OCTA Technical Assistance 6091 OPT2.08 EG XB 813,919 - 813,919 - 813,919 813,021 898EUROPEAN UNION OCTA Travel and Meetings 6092 OPT2.08 EG XB 65,074 - 65,074 - 65,074 - 65,074EUROPEAN UNION OCTA Equipment and

Operations 6093 OPT2.08EG XB

90,721 - 90,721 - 90,721 - 90,721EUROPEAN UNION OCTA Visibility 6094 OPT2.08 EG XB (12,405) - (12,405) - (12,405) - (12,405)EUROPEAN UNION MSG Technical Assistance 6095 OPT2.08 EG XB 1,505,755 - 1,505,755 - 1,505,755 1,568,554 (62,799)EUROPEAN UNION MSG Equipment and

Operations 6097 OPT2.08EG XB

55,472 - 55,472 - 55,472 - 55,472EUROPEAN UNION OCTA/MSG Indirect Costs 6099 OPT2.08 EG XB 72,516 - 72,516 - 72,516 - 72,516EUROPEAN UNION IHRT Sundries & Recoveries 6105 CS00 CS XB - 10,491 10,491 - 10,491 - 10,491EUROPEAN UNION IHRT Sundries & Recoveries 6105 CS00 EG XB 10,491 (10,491) - - - - -EUROPEAN UNION Monitoring of Intern. Human

Right Treaties Project6111 OPT1.12

PS XB(66,412) - (66,412) 693,553 627,141 733,318 (106,177)

EUROPEAN UNION HRO Training Costs 6114 OPT1.12 PS XB - - - 100,724 100,724 82,572 18,152EUROPEAN UNION Internal NSA WG Planning &

Coordination 7111 OPT1.05ST XB

101 - 101 - 101 - 101EUROPEAN UNION Thematic Mapping of

Regional NSAs 7112 OPT1.05ST XB

6,138 - 6,138 11,000 17,138 - 17,138EUROPEAN UNION PIFS NSA Engagement &

Coordination 7113 OPT1.05ST XB

(3,383) - (3,383) 3,000 (383) 5,337 (5,720)EUROPEAN UNION Professional Staff 7121 PER1.1 ST XB (203,057) - (203,057) 290,828 87,771 322,542 (234,771)




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

EUROPEAN UNION Staff operations costs7122 PER1.1

ST XB(14,991) - (14,991) 35,794 20,803 26,257 (5,454)

EUROPEAN UNION PSC/Oversight Meetings7123 OPT1.05

ST XB(8,663) - (8,663) 8,500 (163) 5,305 (5,468)

EUROPEAN UNION Capacity Building Training &Resource Materials

7211 OPT1.05ST XB

(27,825) - (27,825) - (27,825) 76,268 (104,093)EUROPEAN UNION Mentoring Support

7212 OPT1.05ST XB

1,546 - 1,546 - 1,546 11,045 (9,499)EUROPEAN UNION Support Cross Regional

Exchanges 7213 OPT1.05ST XB

29,000 - 29,000 - 29,000 - 29,000EUROPEAN UNION Regional Policy Engagement

Process Training7214 OPT1.05

ST XB4,967 - 4,967 70,000 74,967 99,054 (24,087)

EUROPEAN UNION Support Thematic PolicyAwareness Workshops

7215 OPT1.05ST XB

(1,168) - (1,168) 8,100 6,932 309 6,623EUROPEAN UNION Equipment, Software &

Services 7221 OPT1.05ST XB

66,203 - 66,203 66,000 132,203 14,574 117,629EUROPEAN UNION Collaboration with UNDP 7223 KRA1.3 ST XB 8,120 - 8,120 - 8,120 8,120 -EUROPEAN UNION National Level Policy

Dialogue 7232 OPT1.05ST XB

16,791 - 16,791 67,114 83,905 7,207 76,698EUROPEAN UNION Regional NSA Fora 7233 OPT1.05 ST XB (155,698) - (155,698) 156,600 902 190,998 (190,096)EUROPEAN UNION NSA Engagement with

Leaders 7234 OPT1.05ST XB

(50,242) - (50,242) 67,114 16,872 91,247 (74,375)EUROPEAN UNION NSA/PIFS Development

Partners Meetings 7243 OPT1.05ST XB

9,355 - 9,355 15,660 25,015 - 25,015EUROPEAN UNION Assessment & Institutional

Strengthening 7311 OPT1.05ST XB

61,651 - 61,651 - 61,651 204,395 (142,744)EUROPEAN UNION Grants 7314 OPT1.05 ST XB 543,869 - 543,869 2,208,398 2,752,267 1,717,282 1,034,985EUROPEAN UNION M&E System for Grant

Facility 7315 OPT1.05ST XB

965,548 - 965,548 5,900 971,448 37,427 934,021EUROPEAN UNION Visibility and

Communications 7411 OPT1.05ST XB

7,844 - 7,844 21,000 28,844 20,231 8,613EUROPEAN UNION Indirect Costs 7511 OPT1.05 ST XB 1,452 - 1,452 - 1,452 - 1,452




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

EUROPEAN UNION Audits & Evaluation 7512 OPT1.05 ST XB 10,730 - 10,730 23,600 34,330 79,191 (44,861)

EUROPEAN UNION Total5,160,268 195 5,160,463 5,120,739 10,281,202 7,901,782 2,379,420

GICHD Addressing ERWContamination in Pacific -GICHD 2583 OPT1.10

PS XB21 - 21 - 21 - 21

GENEVA INTERNATIONAL CENTRE FOR HUMANITARIAN DEMINING Total21 - 21 - 21 - 21

GREEN CLIMATEFUND

Green Climate FundDialogue 3466 OPT2.02

ST XB(15,317) - (15,317) 450,589 435,272 400,828 34,444

GREEN CLIMATE FUND Total(15,317) - (15,317) 450,589 435,272 400,828 34,444

INTERNATIONALECONOMICSCONSULTING

Regional Workshop on TradeMainstreaming

1423 OPT2.09EG XB

- - - 146,747 146,747 93,183 53,564

INTERNATIONAL ECONOMICS CONSULTING Total- - - 146,747 146,747 93,183 53,564

JAPAN Implementation of PIASAReview 1249 OPT1.07

EG XB42,855 - 42,855 - 42,855 25,450 17,405

JAPAN Trade & Investment PolicyFramework - Japan 3618 OPT1.07

EG XB- 33,631 33,631 - 33,631 - 33,631

JAPAN Trade & Investment PolicyFramework - Japan 3618 OPT1.07

ST XB33,631 (33,631) - - - - -

JAPAN Support to Aus. Dev. PartnerPeer Review 3624 OPT1.02

ST XB72,971 (72,971) - - - - -

JAPAN PALM 5 - PacificEnvironment Community 5630 ASF1.03

ST XB18,437,281 - 18,437,281 - 18,437,281 7,909,848 10,527,433

JAPAN PEC Fund ManagementProject 5635 ASF1.03

ST XB1,274,056 - 1,274,056 - 1,274,056 6,147 1,267,909

JAPAN PEC - Manager 5636 PER1.1 ST XB (291,875) - (291,875) - (291,875) - (291,875)




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

JAPAN PEC - Technical Officer 5637 PER1.1 ST XB (403,032) - (403,032) - (403,032) 210,504 (613,536)JAPAN PEC - Admin Assistant 5638 PER1.1 ST XB (95,865) - (95,865) - (95,865) 46,272 (142,137)JAPAN PEC - Technical Advisory

Group 5640 ASF1.03ST XB

486,897 - 486,897 - 486,897 - 486,897JAPAN PEC - Regional Workshops 5641 ASF1.03 ST XB 247,746 - 247,746 - 247,746 - 247,746

JAPAN Total19,804,665 (72,971) 19,731,694 - 19,731,694 8,198,221 11,533,473

JAPAN ANNUALCONTRIBUTION

Disaster Risk Management -Japan 1118 OPT2.02

EG XB33,786 - 33,786 - 33,786 - 33,786


Promoting Export in the Asiamarket 1908 OPT2.09

EG XB48,035 - 48,035 - 48,035 - 48,035


Support Export to access reg& int markets 1909 OPT2.09

EG XB31,466 - 31,466 - 31,466 - 31,466


PT&I Review - Japan2036 OPT2.09

EG XB302 - 302 - 302 - 302


Legal Governance - Japan2461 OPT1.02

PS XB8,021 - 8,021 - 8,021 - 8,021


Japan Dev. CooperationFunds 3620 OPT1.05

ST XB14,868 - 14,868 - 14,868 6,413 8,455


Trade & Investment PolicyFramework 3621 OPT1.07

EG XB28,136 - 28,136 - 28,136 - 28,136


PIPSO BusinessDevelopment Fund 3625 OPT1.09

EG XB(694) - (694) - (694) - (694)


Trade Integration3626 OPT1.07

EG XB46,990 - 46,990 - 46,990 13,417 33,573


CROP GenderMainstreaming (XB) 4952 OPT1.02

ST XB9,339 - 9,339 - 9,339 4,566 4,773

JAPAN ANNUAL CONTRIBUTION Total220,249 - 220,249 - 220,249 24,396 195,853

KOREA ROK-PIF 2014-2016 Coop.Fund 3622 OPT1.05

ST XB896,452 - 896,452 - 896,452 911,947 (15,495)




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

KOREA ROK-RPCF 2015-2017Coop. Fund 3627 OPT1.05

ST XB965,064 - 965,064 2,075,119 3,040,183 517,680 2,522,503

KOREA SIS Attachment Programme 3628 OPT2.07 ST XB 157,221 (157,221) - - - - -

KOREA Total2,018,737 (157,221) 1,861,516 2,075,119 3,936,635 1,429,627 2,507,008

MEMBERS WTO Office - OperationalCosts 1375 OPT1.07

EG XB49,899 - 49,899 270,000 319,899 460,079 (140,180)

MEMBERS FICs Contribution to TokyoOffice 2125 OPT2.09

EG XB(33,902) - (33,902) 80,024 46,122 80,049 (33,927)

MEMBERS Support to Internal ReformPriorities 3726 OPT3.05

CS CB- 41,169 41,169 - 41,169 - 41,169

MEMBERS Total15,997 41,169 57,166 350,024 407,190 540,128 (132,938)

NEW ZEALAND PACER Plus Rules of OriginWorkshop 1224 OPT2.08

EG XB39,922 (39,922) - - - - -

NEW ZEALAND PACER Plus Activities 1226 OPT2.08 EG XB 7,294 - 7,294 - 7,294 - 7,294NEW ZEALAND PACER Informal Meeting 1227 OPT2.08 EG XB 54,139 - 54,139 - 54,139 - 54,139NEW ZEALAND PACER Mini Trade Ministers

Meeting 1228 OPT2.08EG XB

51,534 - 51,534 - 51,534 - 51,534NEW ZEALAND Regional Trade Facilitation

Support 1232 OPT2.08EG XB

- 2,278 2,278 - 2,278 - 2,278NEW ZEALAND Special FTMM 1244 OPT2.08 EG XB 82,611 - 82,611 - 82,611 - 82,611NEW ZEALAND Triennial Review-PITIC

Auckland 2116 OPT2.09EG XB

7,614 - 7,614 - 7,614 - 7,614NEW ZEALAND Forum Chair Support

(PIFS/NZ)-UNGA69 2238 OPT1.11PS XB

14,393 (14,393) - - - - -NEW ZEALAND New Zealand Human Rights 2422 OPT1.02 PS XB 734 - 734 - 734 - 734NEW ZEALAND Regional Security Fund 3630 OPT1.10 PS XB 6,003 - 6,003 - 6,003 - 6,003NEW ZEALAND Regional Security Fund - NZ 3631 OPT1.10 PS XB 152 - 152 - 152 - 152NEW ZEALAND Forum Ministerial Contact

Group - NZ 3632 OPT1.10PS XB

1,258 - 1,258 - 1,258 - 1,258




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

NEW ZEALAND Cairns CompactImplementation - NZ 3697 OPT1.02

ST XB1,800 - 1,800 - 1,800 - 1,800

NEW ZEALAND FBEAP Review 4706 OPT1.05 ST XB 2,548 - 2,548 - 2,548 - 2,548NEW ZEALAND Support for Forum Foreign

Affairs MM -XB 5108 OPT1.04PS CB

18,604 19,601 38,205 52,411 90,616 49,520 41,096NEW ZEALAND Regional Youth Art

Competition 5117 OPT3.02ST XB

13,040 - 13,040 - 13,040 - 13,040NEW ZEALAND Conservation International

Sup. for Pac Ocean Comm.5652 ASF1.02

ST XB5,389 (5,389) - - - - -

NEW ZEALAND Total307,035 (37,825) 269,210 52,411 321,621 49,520 272,101

PACIFICLEADERSHIPPROGRAM

Global Forums - Gender

4954 OPT1.02ST XB

12,457 (12,457) - - - - -

PACIFIC LEADERSHIP PROGRAM Total12,457 (12,457) - - - - -

SAFE GROUND Pacific Regional ERWWorkshop 2582 OPT1.10

PS XB3,968 - 3,968 - 3,968 - 3,968

SAFE GROUND Total3,968 - 3,968 - 3,968 - 3,968

SPC Regional EMIS Workshop 4707 OPT1.04 ST XB 38,751 (38,751) - - - - -

SPC Total38,751 (38,751) - - - - -

STANDING FUND Regional Natural DisasterRelief Fund 3610 OPT1.05

ST XB5,157 - 5,157 - 5,157 - 5,157

STANDING FUND Total5,157 - 5,157 - 5,157 - 5,157

TAIWAN Aid Management andCapacity Building (XB) 3404 OPT1.05

ST XB1,846 - 1,846 - 1,846 - 1,846




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

TAIWAN FS Fellowship Scheme 3608 OPT2.07 ST XB 7,975 - 7,975 - 7,975 - 7,975TAIWAN Taiwan ROC Scholarship

Fund 3615 OPT1.05ST XB

1,423,723 - 1,423,723 1,021,013 2,444,736 293,133 2,151,603TAIWAN SIS Development Fund 3616 OPT2.07 ST XB 88,573 - 88,573 - 88,573 83,403 5,170TAIWAN SIS Attachment Programme 3628 OPT2.07 ST XB - 157,221 157,221 215,696 372,917 36,135 336,782TAIWAN Taiwan-ROC Regional

Development Assistance3629 OPT1.05

ST XB825,232 - 825,232 183 825,415 303,699 521,716

TAIWAN Programme ImplementationOfficer 3650 KRA1.3

ST XB123,831 - 123,831 - 123,831 78,671 45,160

TAIWAN Cairns CompactImplementation - XB 3694 OPT1.02

ST XB2,895 - 2,895 - 2,895 - 2,895

TAIWAN Total2,474,075 157,221 2,631,296 1,236,892 3,868,188 795,041 3,073,147

TRADE ADVOCACYFUND

Trade Advocacy Fund (TAF)UK AID 1378 OPT2.08

EG XB2,464 - 2,464 - 2,464 - 2,464

TRADE ADVOCACY FUND Total2,464 - 2,464 - 2,464 - 2,464

UNDP Trade Negotiation Support 1209 OPT2.08 EG XB 25,222 - 25,222 - 25,222 - 25,222UNDP Health & Recreational Trust

Fund 4470 OPT3.04MS XB

6,808 - 6,808 - 6,808 - 6,808UNDP SDG Localization Project 5683 OPT1.02 ST XB 86,840 - 86,840 - 86,840 82,979 3,861

UNDP Total118,870 - 118,870 - 118,870 82,979 35,891

UNESCO Regional EMIS Workshop 4707 OPT1.04 ST XB 28,654 38,751 67,405 - 67,405 53,385 14,020UNESCO PEDF M&E Framework

UNESCO/SPBEA 4709 OPT1.04ST XB

6,196 - 6,196 - 6,196 - 6,196

UNESCO Total34,850 38,751 73,601 - 73,601 53,385 20,216




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

UNIFEM Global Forums - Gender 4954 OPT1.02 ST XB - 12,457 12,457 - 12,457 - 12,457

UNIFEM Total- 12,457 12,457 - 12,457 - 12,457

UNITED STATES OFAMERICA


1307 OPT2.08EG XB

- 430,748 430,748 - 430,748 - 430,748UNITED STATES OFAMERICA

Climate Change Officer -USAID 3467 PER1.1

ST XB366,320 - 366,320 - 366,320 97,086 269,234

UNITED STATES OFAMERICA

Support to USAID ClimateChange Project Operations

3468 OPT2.02ST XB

84,944 - 84,944 - 84,944 20,037 64,907

UNITED STATES OF AMERICA Total451,264 430,748 882,012 - 882,012 117,123 764,889

UNIVERSITY OFTHE SOUTHPACIFIC

CROP Grant Support Pac.Dev. Goal Taskforce

5682 OPT1.02ST XB

5,000 - 5,000 - 5,000 4,023 977

UNIVERSITY OF THE SOUTH PACIFIC Total5,000 - 5,000 - 5,000 4,023 977

WORLD BANK Logistics RC 7610 OPT2.02 ST XB 2,632 - 2,632 77,817 80,449 185,956 (105,507)WORLD BANK Expertise Triggered on TOR

7611 OPT2.02ST XB

2,088 - 2,088 - 2,088 7,314 (5,226)WORLD BANK Risk Financing

7612 OPT2.02ST XB

1,460 - 1,460 - 1,460 4,714 (3,254)WORLD BANK Others (Including MTR)

7613 OPT2.02ST XB

3,162 - 3,162 - 3,162 70 3,092WORLD BANK PREP Regional Coordinator 7614 PER1.1 ST XB (29,974) - (29,974) 79,895 49,921 350,697 (300,776)

WORLD BANK Total(20,632) - (20,632) 157,712 137,080 548,751 (411,671)

WORLD TRADEORGANISATION

WTO PIFS Reg. W/Shop onTrade Facilitation

1313 OPT2.08EG XB

12,243 - 12,243 427,752 439,995 433,630 6,365




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward


WTO-Reg.W/Shop S & PMeasures 1316 OPT2.08

EG XB642 - 642 - 642 - 642


10th WTO MinisterialConference -Nairobi (MC10)

1321 OPT2.08EG XB

- 6,440 6,440 - 6,440 (2,339) 8,779

WORLD TRADE ORGANISATION Total12,885 6,440 19,325 427,752 447,077 431,291 15,786

Benefits DerivedFrom Property, Plant& Equipment

Recoveries & Sundries -Benefit from PPE

9995 CS00

CS XB

- - - 249,499 249,499 249,499 -

BENEFITS DERIVED FROM PROPERTY, PLANT & EQUIPMENT Total- - - 249,499 249,499 249,499 -

Interest Income PALM 5 - PacificEnvironment Community 5630 ASF1.03

II XB- - - 17,526 17,526 - 17,526

Interest Income PEC Fund ManagementProject 5635 ASF1.03

II XB21,498 - 21,498 - 21,498 - 21,498

INTEREST INCOME Total21,498 - 21,498 17,526 39,024 - 39,024

Net Effect Of ForeignExchange

Trade Policy Officer WTO(Geneva)

1385 PER1.1FX XB

- - - (10) (10) - (10)Net Effect Of ForeignExchange

RAO Recoveries & Sundries

3503 CS00FX XB

(86,749) (110) (86,859) 3,775 (83,084) - (83,084)Net Effect Of ForeignExchange

TCF EDF 10 Recoveries &Sundries

3504 CS00FX XB

(5,685) - (5,685) - (5,685) - (5,685)Net Effect Of ForeignExchange

Equipment & Operations -EU/RAO

3516 ASF1.01FX XB

- - - - - - -Net Effect Of ForeignExchange

Travel & Meetings - EU/RAO

3517 ASF1.01FX XB

- - - - - - -




KRA Prog BudgetType

2016 CarryForward

2017Reallocation



Total 2017Funds

Available

2017Expenditure

2017 CarryForward

Net Effect Of ForeignExchange

PALM 5 - PacificEnvironment Community

5630 ASF1.03FX XB

(21,498) - (21,498) (610,202) (631,700) - (631,700)Net Effect Of ForeignExchange

EU Non State ActorRecoveries & Sundries

5709 CS00FX XB

- (124,118) (124,118) 46,326 (77,792) 15 (77,807)Net Effect Of ForeignExchange

EU Non State ActorRecoveries & Sundries

5709 CS00FX XB

(124,037) 124,032 (5) - (5) (4) (1)Net Effect Of ForeignExchange

PITAP Recoveries &Sundries

6005 CS00FX XB

- - - 74,478 74,478 - 74,478Net Effect Of ForeignExchange

IHRT Sundries & Recoveries

6105 CS00FX XB

- - - (25,912) (25,912) - (25,912)Net Effect Of ForeignExchange

Staff operations costs

7122 PER1.1FX XB

- - - - - - -

NET EFFECT OF FOREIGN EXCHANGE Total(237,969) (196) (238,165) (511,545) (749,710) 11 (749,721)

GRAND TOTAL36,934,302 - 36,934,302 12,907,846 49,842,148 25,508,693 24,333,455

financial statements for the year ended 31 december …...dec 31, 2017 · meg taylor, dbe...

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