Swiss TPH Financial Report 2021

FINANCIAL REPORT 2021

Financial Report 2021

3

Comment on the Financial Report 2021

4

Balance Sheet

5

Income Statement

5

Statement of Changes in Equity

6

Cash Flow Statement

7

Notes

26

2

Report of the Auditors

Swiss Tropical and Public Health Institute

Financial Report 2021

Comment on the Financial Report 2021 From Mathias Kronig, Head of Administration and Stephan Schwarz and Deniz Goer, Co-Heads of Finance/Controlling Income Statement Swiss TPH presents an ordinary result of CHF + 3,261,026 in 2021, compared to CHF– 1,153,410 in 2020. The operating result from activities amounts to CHF + 534,651, which represents an increase of CHF 928,041 over the previous year (CHF– 393,390).

The financial result reached CHF + 172,378 (CHF – 760,020 in 2020), which was primarily based on good exchange rate transactions and foreign currency holdings in USD/CHF and EUR/CHF. In 2021, Swiss TPH reports an extraordinary gain of CHF + 2,553,997 (CHF 0 in 2020) resulting from the sale of the property at Socinstrasse 57 in Basel.

In 2021, the total operating income of Swiss TPH increased (+ 3.5%) from CHF 91.3 million in 2020 to CHF 94.5 million in 2021. Excluding the one-time effect on earnings from the formation of the Belo Horizonte investment fund in 2020, sales growth would have been as high as CHF 13.2 million or 16.2% in nominal terms in 2021 compared to 2020. The core funding increased to CHF 23.0 million in 2021 (a net increase of CHF 3.2 million compared to 2020).

Swiss TPH increased the share of third-party funding.

Self-managed income from research, education and services increased to CHF 66.5 million in 2021, representing an increase of CHF 5.7 million or 9.4% compared to the previous year (CHF 60.8 million). Personnel expenses increased by 12.7% or CHF 6.2 million compared to the previous year from CHF 49.0 million to CHF 55.2 million. The main reason for the growth is the increase in salary costs (+CHF 3.4 million) as well as an increase in purchased labor (Consultants +CHF 2.0 million).

Other operating expenses increased by 22.5% or CHF 5.2 million from CHF 23.3 million in 2020 to CHF 28.6 million in 2021. With an increase of CHF 4.7 million, local project expenditures made the most substantial contribution to the rise and are the consequences of the renewed increase in project activities. The majority of local project expenditures, totalling CHF 25.0 million in 2021 versus CHF 20.3 million in 2020, were spent in Africa (CHF 15.7 million, an increase of CHF 3.2 million). The local expenditures for European projects rose by CHF 1.1 million to CHF 8.0 million.

Additional depreciation for building installations in the amount of CHF 0.6 million was posted in 2021. These installations will not be used in the new headquarters Belo Horizonte in Allschwil, and were fully amortized by the end of 2021.

The regular depreciation amounted to CHF 0.9 million in 2021.

Balance Sheet

million in 2021. The main reason for this decrease is the purchase of fixed assets for Swiss TPH, which were booked as assets under construction in 2021 and will be capitalized in 2022.

In contrast to the development of cash and cash equivalents, other short-term receivables increased by CHF 5.1 million or 86.9% to CHF 11.0 million in 2021 compared to the previous year. This is due to the increased number of advances for projects to be implemented locally or for subcontractors within project assignments.

Swiss TPH also recorded an increase in prepayments and accrued income from 2020 to 2021. Here, the growth amounted to CHF 3.2 million or 40.5% and is due to increased advance payments in projects on the part of Swiss TPH. This is also the result of active liquidity management to prevent unnecessary negative interest income.

Non-current assets increased from CHF 7.3 million in 2020 to CHF 16.6 million in 2021.

While the balances of the categories “Building” and “Equipment” decreased by CHF 5.5 million due to the special depreciation and the sale of the property at Socinstrasse 57, assets under construction increased sharply by CHF 14.9 million and are responsible for the increase of the non-current assets.

Due to the substantial balance (CHF 14.9 million), assets under construction are now shown as a single item on the balance sheet, after they were shown under the corresponding asset categories in 2020 with an amount of CHF 0.6 million.

These are mainly laboratory equipment, IT-equipment and other fixtures and fittings in the new building in Allschwil and will be capitalized in 2022.

Current liabilities remained relatively stable at CHF 67.4 million in 2021 compared to CHF 68.4 million. This is chiefly due to the repayment of the mortgage in the amount of CHF 1.0 million for the property at Socinstrasse 57.

However, payables from goods and services decreased from CHF 13.7 million in 2021 to CHF 10.6 million. This is mainly due to the reclassification of prepayments of pension fund assets in the amount of CHF 4.1 million. Furthermore, other payables increased from CHF 0.9 million in 2020 to CHF 5.5 million or by CHF 4.6 million. This is also mainly due to the above mentioned reclassification of pension fund assets.

Accrued liabilities and deferred income decreased from CHF 50.8 million in 2020 to CHF 48.7 million in 2021.

The balance sheet total increased by 3.4% (CHF 2.9 million) to CHF 89.3 million compared to 2020.

Non-current liabilities increased from CHF 12.7 million in 2020 to CHF 13.4 million in 2021.

Current assets decreased by 8.0% or CHF 6.3 million year-onyear to CHF 72.8 million in 2021 from CHF 79.1 million in 2020.

With the 2021 profit of CHF 3,261,026, equity increased from CHF 5,283,436 to 8,544,462 at the end of 2021.

Therein cash and cash equivalents decreased by CHF 14.6 million or 28.8% from CHF 50.8 million in 2020 to CHF 36.2

The figures in the Financial Report 2021 could result in a rounding difference.

Swiss Tropical and Public Health Institute

3

Financial Report 2021

Balance Sheet

Notes

31.12.2021 CHF

31.12.2020 CHF

4.1

36,197,403

50,843,938

Assets Cash and cash equivalents Projects abroad Receivables from services

4.2

Rudolf Geigy Foundation

1,410,935

1,282,341

13,261,099

13,111,735

7,047

11,527 5,858,799

Other short-term receivables

4.3

10,950,497

Provision for bad debts

4.4

– 82,800

– 74,400

Prepayments and accrued income

4.5

10,999,588

7,831,029

Inventories

4.6

27,344

228,333

72,771,113

79,093,302

Current assets Building

4.7

0

4,706,909

Equipment

4.7

1,208,126

2,023,847

Assets under construction

4.8

14,921,376

0

Long-term financial assets

4.9

62,536

62,536

Intangible assets

4.7

372,441

511,392

Non-current assets

16,564,479

7,304,683

Total assets

89,335,592

86,397,986

10,577,377

13,715,705

5,515,201

904,349

Liabilities and equity Payables from goods and services Other payables Projects with own accounts Key deposit

0

88,585

89,725

105,100 50,763,345

Accrued liabilities and deferred income

4.11

48,687,171

Short-term provisions

4.12

2,550,961

1,811,095

Mortgages

4.10

0

1,000,000

67,420,436

68,388,179

Current liabilities Other long-term liabilities

4.13

1,285,380

783,310

Long-term provisions

4.14

2,085,314

1,943,061

Investment fund Belo Horizonte

4.14

10,000,000

10,000,000

Non-current liabilities

13,370,694

12,726,371

Total liabilities

80,791,130

81,114,550

Equity on January 1st

5,283,436

6,436,847

Result of the year

3,261,026

– 1,153,410

Total equity at the end of the year

8,544,462

5,283,437

89,335,592

86,397,986

Total liabilities and equity

4

Swiss Tropical and Public Health Institute

Financial Report 2021

Income Statement Notes

2021 CHF

2020 CHF

Self-managed income from research, education and services

4.15

66,545,056

60,831,526

Core funding national and local government

4.16

23,040,000

19,801,419

Other operating income

4.17

1,857,510

1,759,578

Recognition of deferred income building Belo Horizonte

4.13

0

10,000,000

Change in unbilled services

4.18

Total operating income Personnel expenses

4.19

Material expenses

3,043,501

– 1,062,096

94,486,067

91,330,427

– 55,210,993

– 49,010,628

4.20

– 2,658,670

– 3,589,533

Depreciation of tangible assets

4.7

– 1,265,919

– 1,259,414

Amortisation on intangible assets

4.7

– 211,345

– 334,329

Administrative expenses

4.21

– 6,020,321

– 4,188,114

Other operating expenses

4.22

– 28,584,168

– 23,341,800

Creation of investment fund Belo Horizonte

4.13

0

– 10,000,000

– 93,951,416

– 91,723,817

534,651

– 393,390

Total operating expenses Operating result Financial result

4.23

Ordinary result Extraordinary result

4.24

Result of the year

172,378

– 760,020

707,029

– 1,153,410

2,553,997

0

3,261,026

– 1,153,410

2021 CHF

2020 CHF

Statement of Changes in Equity Notes

Equity as of 1 January

5,283,436

6,436,847

Result of the year

3,261,026

– 1,153,410

Equity as of 31 December

8,544,462

5,283,437

Swiss Tropical and Public Health Institute

5

Financial Report 2021

Statement of Cash Flows for the year ended 31 December Notes

31.12.2021 CHF

31.12.2020 CHF

3,261,026

– 1,153,410

121,024

2,383,860

1,265,919

1,259,414

Cash flows from operating activities Result of the year Adjustments for non-cash income and expenses Depreciation of tangible assets

4.7

Depreciation of project investments

4.7

273,582

510,387

Amortisation of intangible assets

4.7

211,345

334,329

4.24

– 2,553,997

0

42,056

42,648

Gain on asset disposals Losses for bad debts Decrease (–) / Increase (+) in long-term provisions

4.14

142,253

35,257

Decrease (–) / Increase (+) in short-term provisions

4.12

739,867

201,825

Changes in operating assets and liabilities

– 8,571,942

19,364,510

Increase (–) / Decrease (+) in receivables

– 5,398,833

– 348,561

– 3,168,558

– 1,852,259

“Increase (–) / Decrease (+) in prepayments and accrued income”

4.5

Increase (–) / Decrease (+) in inventories

4.6

Decrease (–) / Increase (+) in payables “Decrease (–) / Increase (+) in accrued liabilities and deferred income”

4.10

“Decrease (–) / Increase (+) in long-term liabilities and long-term deferred income”

4.12

Cash inflow from operating activities

200,989

124,909

1,368,564

8,716,117

– 2,076,174

12,732,902

502,070

– 8,598

– 5,189,892

20,594,960

– 1,562,409

Cash flows from investing activities Outflows for purchase of tangible assets

4.7

– 14,987,207

Inflows from disposals of tangible assets

4.7

4,048,960

0

Inflows from subsidies for fire protection measure

4.7

0

0 – 281,612

Outflows for purchase of intangible assets

4.7

– 85,598

Inflows from disposals of intangible assets

4.7

13,204

0

Out-/Inflows for investment in financial assets

4.8

0

0

4.24

2,553,997

0

– 8,456,644

– 1,844,021

– 1,000,000

0

Gain on asset disposals Cash drain from investing activities Cash flows from financing activities Repayment mortgage Basler Kantonalbank Cash advance from subsidies Cash inflow from financing activities Net de-/increase in cash and cash equivalents thereof blocked by projects thereof fully disposable

4.1 4.16

0

1,800,000

– 1,000,000

1,800,000

– 14,646,536

20,550,939

– 241,271

– 1,478,668

– 14,405,264

22,029,607

Cash and cash equivalents at beginning of year

50,843,938

30,293,000

Cash and cash equivalents at end of year

36,197,403

50,843,938

thereof blocked by projects thereof fully disposable

6

Swiss Tropical and Public Health Institute

3,312,209

3,553,480

32,885,194

47,290,458

Financial Report 2021

Notes 1. General information The Swiss Tropical and Public Health Institute (Swiss TPH) is a public organisation based in Basel (Switzerland) with its own legal status under the laws of Switzerland (“öffentlich-rechtliche Anstalt”).

By uniquely combining research, services and education and training, Swiss TPH aims to improve the health and well-being of populations through a better understanding of disease and health systems and by acting on this knowledge. Our translational approach, from innovation and validation to application, enables us to bring novel diagnostics, treatments and vaccines directly to people and communities. On 1 January 2017, the treaty between the Canton Basel-Stadt and the Canton Basel-Landschaft concerning the common ownership of the Swiss TPH came into force.

2. Organisation and Governance

Committee The Committee monitors the financial and accounting processes and systems of Swiss TPH, evaluates the independence and effectiveness of the external auditors and ensures the flow of communication between the Directorate, the Administration, Auditors, and the Board of Governors (“Kuratorium”). The Committee makes appropriate recommendations to the Kuratorium.

The actual members are: Dr. Andreas Burckhardt, Chairman Dr. Rolf Borner Dr. Ariane Bürgin Dr. Doris Fellenstein Wirth (deceased 12.02.2022) Auditor PricewaterhouseCoopers AG, Basel has been assigned by the Governments of the Cantons BaselStadt and Basel-Landschaft as the auditor of Swiss TPH.

3. Basis of preparation and accounting policies

Board of Governors The Board of Governors is called the “Kuratorium”. Four members are appointed by each the Governments of Canton Basel-Stadt and Canton of Basel-Landschaft, whereas the chairman is appointed by both Goverments. As of 31 December 2021, the composition of the Kuratorium is as follows:

Accounting Standard

Dr. Andreas Burckhardt, Chairman

Swiss TPH presentation currency is CHF (Swiss francs).

Dr. Rolf Borner Dr. Ariane Bürgin Prof. Dr. François Chappuis Prof. Dr. Sabina De Geest Dr. Doris Fellenstein Wirth (deceased: 12.02.22) Dr. Eva Herzog Dr. Olivier Küttel

These financial statements have been prepared in accordance with the Swiss GAAP FER issued by the foundation for accounting and reporting recommendation, Switzerland.

Currency

Foreign currency transactions Assets and liabilities in foreign currency are valuated at the exchange rate provided by the federal tax administration at the balance sheet date.

Foreign currency transactions are recorded on initial recognition in the functional currency at the transaction rate. Exchange rate differences are recognised in the income statement.

Dr. Cornelia Staehelin Dr. Benedikt Knüsel (Observer SBFI)

Swiss Tropical and Public Health Institute

7

Financial Report 2021 Revenue recognition Revenue from rendering medical services and fees from teaching and training are recognised in the period of providing those services. Revenue from projects is recognised to the extent of the recoverable expenses of the reporting period. Project results are neutralised during the project period, an eventual result is realised at the end of the project. Funds from national and local government are recognised in the period for which they were funded.

Borrowing costs All borrowing costs are recognised in the income statement in the period in which they are incurred.

Property, plant and equipment Core tangible fixed assets items are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is charged so as to allocate the cost of assets less their residual values over their estimated lifetime, using the straight-line method.

The following annual rates are used for depreciation of property, plant and equipment.

Asset category

Annual depreciation rate

Useful life in years

Land

0.00%

0

Buildings Basel

3.00%

33.33

Building installations Basel

5.00%

20.00

Furnishings

10.00%

10.00

Laboratory equipment

12.50%

8.00

Medical equipment

20.00%

5.00

Offices machines, communication systems

20.00%

5.00

20.00%

5.00

Tools, utensils

10.00%

10.00

Hardware

25.00%

4.00

Collections, books, movies

10.00%

10.00

depending on contracts

Fixed assets at costs less than CHF 5,000 are not capitalised.

Fixed assets purchased with projects funds for the purpose of project operations are not capitalised as the ownership of these assets remains with the donor.

8

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of an asset, the deprecation of that asset is revised prospectively to reflect the new expectations.

Long-term financial assets Employer contribution reserves or similar items are recognised as assets under long-term financial assets. The difference to the respective value of the prior year is recognised as personnel expenses in the result of the period.

Intangible assets Intangible assets are purchased computer software that is measured at cost less accumulated amortisation and any accumulated impairment losses. It is amortised over its estimated useful life time of four years using the straight-line method.

Inventories Inventories are valued at the lower of cost and selling price. Cost is calculated using the average-method.

Impairment of assets

Vehicles

Assets in leasing

The capitalisation of maintenance costs depends on if they are value-preserving or value-adding respectively extending the useful life of the respective fixed asset.

Swiss Tropical and Public Health Institute

At each reporting date, fixed and intangible assets are reviewed to determine whether they have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount. An impairment loss is recognised immediately in the income statement.

Similarly, at each reporting date, inventories are assessed for impairment by comparing the carrying account of each inventory item with its selling price less costs to complete and sell. If an item of inventory is impaired, an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but

Financial Report 2021

not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement.

Receivables The size of impairments in receivables is considered as the difference between the carrying amount of the assets and the present value of the expected future cash flow. The provision for bad debts is calculated by categorising the debts as follows: Due amount

Days past due

Payables Payables are recorded at their fair value, represented by the amount to pay.

Provisions Provisions are determined based on impartial and economically reasonable principals. Risks are taken into account adequately.

Provision

< CHF 30,000

>0

2%

> CHF 30,000

1 – 90

2%

> CHF 30,000

91 – 180

15%

> CHF 30,000

181 – 270

30%

> CHF 30,000

271 – 360

50%

> CHF 30,000

> 360

100%

Swiss Tropical and Public Health Institute

9

Financial Report 2021

4. Notes on the financial statement 4.1 Cash and cash equivalents

2021 CHF

Cash in hand

2020 CHF

59,092

40,309

Post accounts

747,852

4,029,548

Bank accounts

32,078,251

43,220,601

Cash and cash equivalents projects abroad

3,312,209

3,553,480

Bank accounts in Basel

1,110,696

2,181,369

6,343

3,717

Cash in hand Bank accounts abroad TOTAL

The procurement of various fixed assets for the new Belo Horizonte building in Allschwil was accompanied by a significant cash outflow of CHF 14.36 million. These new assets are now reported under assets under construction with an

4.2 Receivables from services

2021 CHF

2,195,170

1,368,395

36,197,403

50,843,938

amount of CHF 14.92 million. The balance of assets under construction as of 31.12.2020 was CHF 0.56 million.

Details on assets under construction under 4.8

Foreign currency

Exchange rate

2020 CHF

Foreign currency

Exchange rate

Open positions in CHF

9,257,382

Open positions in USD

2,467,596

2,708,248

0.9111

1,697,321

1,920,168

0.8839

Open positions in EUR

1,187,076

1,145,660

1.0361

109,414

101,164

1.0815

Open positions in GBP

18,991

15,389

1.2341

Receivables from medical and diagnostic services Medical services Diagnostics TOTAL

10

10,984,238

330,054

320,762

67,350

46,105

262,704

274,656

13,261,099

13,111,735

Swiss Tropical and Public Health Institute

Financial Report 2021 4.3 Other short-term receivables

2021 CHF

Staff advances Advances for project activities Withholding tax Basel based rent deposits

61,500

69,530

10,822,995

5,618,120

4,118

4,118

49,014

49,009

Fixed deposits Other receivables TOTAL

4.4 Provision for bad debts

Provision in %

Amount CHF

2021 Provision CHF

2020 CHF

0

0

12,870

118,021

10,950,497

5,858,799

Provision in %

Amount CHF

2020 Provision CHF

Amounts due > CHF 30,000 1 – 90 days

2%

678,642

13,573

2%

237,119

0

15%

187,182

28,077

15 %

39,691

0

180 – 270 days

30%

53,134

15,940

30 %

0

0

270 – 360 days

50%

0

0

50 %

0

0

100%

0

0

100 %

89,483

51,983

2%

1,260,039

25,201

2%

1,123,159

22,463

90 – 180 days

> 360 days Amounts due < CHF 30,000 > 0 days TOTAL

82,791

74,446

Provision for bad debts (rounded)

82,800

74,400

Payments up to 15 February 2022 are included in the calculation.

4.5 Prepayments and accrued income

2021 CHF

2020 CHF

Advance payments projects

5,575,783

2,516,599

Prepayments pension funds

4,743,138

4,678,108

Overhead contribution for SNSF projects

528,069

538,438

Accounts paid in advance

152,598

97,884

10,999,588

7,831,029

2021 CHF

2020 CHF

TOTAL

4.6 Inventories

Vaccines Stock information technology TOTAL

27,344

102,272

0

126,061

27,344

228,333

Swiss Tropical and Public Health Institute

11

Financial Report 2021

4.7 Tangible and intangible assets Tangible assets

Land and buildings without CIP

Assets under construction (Land and Buildings)

Land and buildings

Laboratory equipment

Other equipment

Assets under construction (Equipment)

Finance leases

5,505,980

0

5,505,980

1,058,601

297,360

76,207

0

Net carrying amount 1 January 2020 Cost 1 January 2020

11,015,359

0

11,015,358

4,441,730

2,673,705

76,207

393,320

Additions

0

0

0

312,385

194,835

544,802

0

Reclassifications

0

0

0

393,320

76,207

– 76,207

– 393,320

Disposals

0

0

0

0

– 92,515

0

0

11,015,359

0

11,015,358

5,147,435

2,852,232

544,802

0

5,509,378

0

5,509,378

3,383,130

2,376,345

0

393,320

799,072

0

799,072

226,561

233,782

0

0

Impairment

0

0

0

0

0

0

0

Reclassification

0

0

0

393,320

0

0

– 393,320

Disposals

0

0

0

0

– 92,515

0

0

6,308,450

0

6,308,450

4,003,010

2,517,612

0

0

4,706,909

0

4,706,909

1,144,425

334,620

544,802

0

4,706,909

0

4,706,909

1,144,425

334,620

544,802

0

11,015,359

0

11,015,358

5,147,435

2,852,232

544,802

0

Additions

0

0

0

229,610

107,442

14,376,574

0

Reclassifications

0

0

0

0

0

0

0

– 8,632,824

0

– 8,632,824

– 326,639

– 245,971

0

0

2,382,534

0

2,382,534

5,050,405

2,713,703

14,921,376

0

6,308,450

0

6,308,450

4,003,010

2,517,612

0

0

673,906

0

673,906

333,691

258,322

0

0

Impairment

0

0

0

0

0

0

0

Reclassification

0

0

0

0

0

0

0

– 4,599,821

0

– 4,599,821

– 323,372

– 233,281

0

0

2,382,534

0

2,382,534

4,013,329

2,542,653

0

0

0

0

0

1,037,077

171,050

14,921,376

0

31 December 2020 Accumulated depreciation 1 January 2020 Annual depreciation

31 December 2020 Net carrying amount 31 December 2020 Net carrying amount 1 January 2021 Cost 1 January 2021

Disposals 31 December 2021 Accumulated depreciation 1 January 2020 Annual depreciation

Disposals 31 December 2021 Net carrying amount 31 December 2021

While the balances of the categories “Building” and “Equipment” decreased by CHF 5.5 million due to the special depreciation and the sale of the property at Socinstrasse 57, assets under construction increased sharply by CHF 14.9 mil-

12

Swiss Tropical and Public Health Institute

lion and are responsible for the increase of the non-current assets. Assets under construction are part of “Equipment”. (See 4.8)

Financial Report 2021

Equipment

Total without Projects

Projects

Total tangible assets

1,432,168

6,938,148

0

Intangible assets

Software

Software work in progress

Total intangible assets

Total fixed assets register

6,938,148

349,879

214,229

564,109

7,502,257

214,229

7,584,962

18,600,320

3,751,952

22,352,273

1,601,752

1,052,022

1,052,022

510,387

1,562,409

268,408

13,204

281,612

0

0

0

0

214,230

– 214,230

0

0

– 92,515

– 92,516

– 129,475

– 221,990

0

0

0

– 221,990

8,544,469

19,559,826

4,132,865

23,692,692

2,084,390

13,204

2,097,593 25,790,286

6,152,795

11,662,173

3,751,952

15,414,124

1,251,873

0

1,251,873 16,665,997

460,342

1,259,414

510,387

1,769,801

334,329

0

334,329

2,104,131

0

0

0

0

0

0

0

0

1,815,981 24,168,254 1,844,021

0

0

0

0

0

0

0

0

– 92,515

– 92,515

– 129,475

– 221,990

0

0

0

– 221,990

6,520,622

12,829,071

4,132,864

16,961,936

1,586,202

0

2,023,847

6,730,755

0

6,730,757

498,188

13,204

511,392

7,242,149

2,023,847

6,730,756

0

6,730,756

498,188

13,204

511,392

7,242,148

8,544,469

19,559,826

4,132,865

23,692,692

2,084,390

13,204

2,097,593

25,790,286

14,713,625

14,713,625

273,582

14,987,207

85,598

0

85,598

15,072,805

0

0

0

0

0

0

0

0

– 572,610

– 9,205,434

– 39,287

– 9,244,721

– 9,965

– 13,204

– 23,168

– 9,267,889

22,685,485

25,068,018

4,367,160

29,435,179

2,160,023

0

2,160,023 31,595,202

6,520,622

12,829,071

4,132,864

16,961,936

1,586,202

0

1,586,202 18,548,138

592,013

1,265,919

273,582

1,539,500

211,345

0

211,345

1,750,845

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

– 556,653

– 5,156,474

– 39,287

– 5,195,761

– 9,965

0

– 9,965

– 5,205,725

6,555,982

8,938,516

4,367,159

13,305,675

1,787,582

0

1,787,582 15,093,258

16,129,503

16,129,502

0

16,129,503

372,441

0

372,441 16,501,944

1,586,202 18,548,138

Swiss Tropical and Public Health Institute

13

Financial Report 2021

Fire insurance value

2021 CHF

2020 CHF

9,342,000

9,348,000

138.20

138.30

13,000,000

13,000,000

Property plant “Gebäuderversicherung des Kantons Basel-Stadt, Socinstr. 57, Basel” Index Equipment Police 3.233.381 - AXA Winterthur Insurance (from 21.11.2017)

Investments > CHF 5,000 with project funds (not capitalised) The ownership of investments paid with project funds generally remains with the donor. Therefore, these investments are not capitalised but

recorded in the fixed assets register and disclosed:

2021 additions No

Project

Item

599.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

Purchase of date

Value in CHF

600.0

6413 - STJF NIIDS 04.19 – 12.22

HDE60086FV

01.03.21

27,926

QS5 0.2 LAP YPCR System

01.01.21

42,347

606.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

WingtraOne Package

01.03.21

18,390

610.0

6424 - Botnar MistraL 06.20 – 12.22

X-Ray truck with Easy DR

01.03.21

59,502

611.0

6424 - Botnar MistraL 06.20 – 12.22

X-Ray truck with Easy DR

01.03.21

59,502

612.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

Precellys 24 Homogenizer for 24x2

01.03.21

17,000

618.0

7826 - MCDI EGMVI 01.15 – 12.22

Proflex 3x32- Well PCR System

01.04.21

10,026

620.0

3660 - BASF TZ 06.20 – 12.23

Basic generator P88- CALG Basic

01.08.21

9,532

Basic generator P88- CALG Basic

01.08.21

9,178

CM Infinite F50

01.12.21

620.1 625.0

3660 - BASF TZ 06.20 – 12.23 7826 - MCDI EGMVI 01.15 – 12.22

Total Additions

20,180 273,582

2021 disposals No

Project

Item

Date of purchase

Value in CHF

247.0

3000 - Management EPH / Project already completed

Nanopartikel Messgeräte (MiniDSiSC) (2)

355.0

23.12.10

12,000

7100 - MIU Management / Project already completed

Automate d'hematologie H18 Light + Biochimie BSA3000

483.0

29.01.14

16,748

3000 - Management EPH / Project already completed

Second hand car + restoration

07.12.17

10,538

Total Disposals TOTAL 2021

14

Swiss Tropical and Public Health Institute

39,287 234,295

Financial Report 2021

2020 additions No

Project

Item

Date of purchase

Value in CHF

554.0

5805 - Genotyping 09.18 – 12.31

BSD puncher model BSD600 Ascent A2

01.01.20

45,123

554.1

5805 - Genotyping 09.18 – 12.31

MWST zu BSD puncher model BSD600 Ascent A2

01.01.20

3,551

557.0

3600 - HI MI Management C. Lengeler

Thermalcycler CFX96

01.02.20

23,384

5805 - Genotyping 09.18 – 12.31

QS5 QPCR System Tower

01.01.20

30,270

559.0

5805 - Genotyping 09.18 – 12.31

QIAsymphony SP

01.01.20

147,372

559.1

5805 - Genotyping 09.18 – 12.31

QIAxcel Installation sn32156

01.01.20

3,408

562.0

8526 - KfW MTN/NTD Phase I 09.17 – 09.22

KIA Sportage MY2020

01.04.20

40,044

567.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

Wellwash 1x12 888– 703025A

01.07.20

6,883

567.1

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

1x( Wash Head zu Wellwash

01.07.20

831

568.0

4014 - SNF/UniBS Sapaldia 5 04.18 – 12.22

Ultra Tiefkühlschrank DF 8520+

01.07.20

16,172

569.0

3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)

Anaerobic Chamber + Incubator Dehumidifer

01.08.20

49,868

570.0

3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)

CM Infinite Mono 200

01.08.20

34,730

575.0

3401 - HAHU-OH Service

CO2-Inkubator CB 170 Binder

01.09.20

9,089

576.0

6413 - STJF NIIDS 04.19 – 12.22

Zentrifuge Sorvall ST8R

01.09.20

6,629

577.0

5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23

Sysmex XN350

01.09.20

17,953

579.0

5500 - MED Department Management CC

Select TS Washer + 800TS Absorbande Reader

01.09.20

31,567

580.0

5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23

Cobas c111 w/o ISE

01.09.20

19,823

581.0

5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23

lectrolyte Analyzer 9180

01.09.20

10,542

585.0

3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)

Kühl-Zentrifuge 5427 R inkl Rotor FA– 45– 30– 11

01.10.20

6,495

5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23

HAIER– 86 C Ultratiefkühlschrank

01.11.20

558.0

588.0 TOTAL

6,653 510,387

2020 disposals No

Project

Item

Date of purchase

Value in CHF

446.0

SRHU Management

Land Cruiser 76 4x4 53

01.12.16

57,680

484.0

Strategische Projekte und Forschung MED

Sono Book 9 Main unit

03.01.18

18,154

486.0

SRHU Management

Véhicule marque RV4

01.11.17

9,147

502.0

KfW MTN/NTD Phase I 15.09.17 – 14.08.21

Toyota Prado TX-L 4x4 2986 CC DSL 5P

22.02.18

44,494

Total Disposals

129,475

Total 2020

380,913

Swiss Tropical and Public Health Institute

15

Financial Report 2021

4.8 Assets under construction Description Neubau Belo Horizonte (BKP9)

Category

01.01.21

Change

31.12.21

01.01.20

Change

31.12.20

Tangible

0

4,219,200

4,219,200

0

0

0 488,372

Neubau IT (10Mio)

Tangible

488,372

5,042,061

5,530,433

0

488,372

Neubau IT (NICHT 10Mio)

Tangible

0

186,741

186,741

0

0

0

Neubau Laboratory Equipment (10Mio)

Tangible

56,430

3,918,101

3,974,531

0

56,430

56,430 0

Neubau Laboratory Equipment (NICHT 10Mio)

Tangible

0

1,010,472

1,010,472

0

0

Storage extension

Tangible

0

0

0

76,207

– 76,207

0

E-Personaldossier

Intangible

13,205

– 13,205

0

0

13,205

13,205

Budget tool

Intangible

0

0

0

128,086

– 128,086

0

CompuGroup

Intangible

0

0

0

39,788

– 39,788

0

Intranet release 2018 (ex17)

Intangible

0

0

0

46,357

– 46,357

0

TOTAL

558,006

14,363,370

14,921,376

290,438

267,568

558,006

Due to the substantial balance (CHF 14.9 million), assets under construction are now shown as a single item in the balance sheet, after they were shown under the corresponding asset categories in 2020 with an amount of CHF 0.6 million. These

are mainly laboratory equipment, IT-Equipment and other fixtures and fittings in the new building in Allschwil and will be capitalized in 2022.

4.9 Long-term financial assets

2021 CHF

2020 CHF

Employer contribution reserves of the pension fund

62,536

62,536

TOTAL

62,536

62,536

4.10 Mortgages

2021 CHF

2020 CHF

Mortgages in favour of third parties Building Socinstrasse 57 Liens registered in the land register

4,400,000

Claimed liens

2,400,000

Long-term payables BKB, 26.05.2011 - 26.05.2017 BKB, 29.04.2011 – 29.04.2021

1,000,000

BKB, 29.04.2013 - 29.04.2019 Short-term payables BKB, 26.05.2011 - 26.05.2017 Canton Basel-Stadt, 31.12.1997 - 31.12.2016 Carrying amount (Land and buildings, refer to note 4.7)

The last existing mortgage on the building Socinstrasse 57 in Basel was repaid in 2021.

16

Swiss Tropical and Public Health Institute

0

4,706,909

Financial Report 2021 4.11 Accrued liabilities and deferred income

2021 CHF

2020 CHF

47,293,540

44,509,229

887,720

671,668

Provision for Audit PwC

45,665

54,281

Overtime to be paid in the following year

86,480

39,181

0

2,674

Projects Swiss National Science Foundation projects - overhead

Employer's liability insurance Extraordinary compensations paid in the following year

216,474

156,393

Other accrued liabilities

157,293

5,329,919

48,687,171

50,763,345

TOTAL

Based on the accounts at the end of the year, the project leaders evaluated the accrued revenues and expenses (cost to complete) for their projects.

These evaluations were taken into consideration by the Directorate on the occasion of the approval

of the financial statement. All of the project related deferred incomes are sustained based on an existing project contract. At the moment, there is no indication for any losses from long-term projects, which would need to be recognised.

4.12 Short-term provisions Not compensated vacation

Changes of provisions

SDC MEP SDC PADS Insolvency procureprocure- Tojik Bank ment of ment of Tajikistian equipment motorbikes

Advances

Court Cases

Research fund

Total

CHF

CHF

CHF

CHF

CHF

CHF

CHF

CHF

1,175,851

90,000

120,000

60,000

0

0

163,419

1,609,270

Increase/decrease 2020

61,307

0

– 8,145

0

0

0

148,663

201,825

Carrying amount as per 31.12.2020

1,237,158

90,000

111,855

60,000

0

0

312,082

1,811,095

Carrying amount as per 01.01.2021

1,237,158

90,000

111,855

60,000

0

0

312,082

1,811,095

Increase/decrease 2021

426,516

– 90,000

– 111,855

0

123,000

280,000

112,206

739,867

Carrying amount as per 31.12.2021

1,663,674

0

0

60,000

123,000

280,000

424,288

2,550,961

Carrying amount as per 01.01.2020

New provisions:

Reversal of provisions:

Advances: Advances granted to a partner institution for which a significant risk of not being recovered exists Court cases: Risk on existing/ongoing court cases.

SDC MEP: Procurement of equipment: No additional cost finally occurred. Project ended in 2021 and final audit has taken place.

SDC PADS: Special procurement audit has taken place without any major findings and no further loss is expected.

Remaining provisions: Not compensated vacation: The provisions for employee vacation credits were adjusted.

Insolvency Tajik Bank: Risk remains that the bankrupt bank will not repay the balance on our account.

Research Fund: The research provision was increased

by CHF 112,206 due to the internal regulations for the Research Fund.

Swiss Tropical and Public Health Institute

17

Financial Report 2021

4.13 Other long-term liabilities

2021 CHF

2020 CHF

Swiss National Science Foundation projects - Overhead (long term)

1,285,380

783,310

TOTAL

1,285,380

783,310

The total overhead contribution of the Swiss National Science Foundation (SNSF) is paid in the year of grant allocation. The provision allows

the use of the contribution during the whole project period.

4.14 Long-term provisions / Long-term deferred income Funds for collaborators in case of Hardship

Potential taxes abroad

End of contract payments

CHF

CHF

CHF

500,000

1,317,662

0

– 2,822

Carrying amount as per 31.12.2020

500,000

Carrying amount as per 01.01.2021

500,000

Changes of provisions and deferred income subsidies Carrying amount as per 01.01.2020 Increase/decrease 2020

Increase/decrease 2021 Carrying amount as per 31.12.2021

SDC-Alba- Office Ruannia salary da salary provision provision

Belo Horizonte Investment Fund

Total

CHF

CHF

CHF

CHF

48,656

17,686

23,801

0

1,907,805

8,515

26,779

2,785

10,000,000

10,035,257

1,314,840

57,171

44,464

26,586

10,000,000

11,943,062

1,314,840

57,171

44,464

26,586

10,000,000

11,943,062

0

92,738

8,054

24,783

16,678

0

142,253

500,000

1,407,578

65,224

69,248

43,264

10,000,000

12,085,314

According to the decision made at the Directorate’s meeting (17 October until 19 October 2006), a provision of CHF 500,000 for personnel or their dependants in case of hardship was created. The disposition of fund means is defined in the fund regulations.

According to local labour law in various project countries such as the Democratic Republic of the Congo, Albania or Rwanda, end of contract payments are to be borne by the employer.

Swiss TPH committed to cover CHF 10,000,000 of the investments costs of the new building The provision for potential taxes abroad is creat- “Belo Horizonte”. For this purpose, this amount ed for those countries where expatriate or local was accrued in the period of 2017 – 2020. By the Swiss TPH staff are possibly supposed to pay End of 2020 the total amount of CHF 10,000,000 income taxes. was used to create an investment fund “Belo Horizonte” according to the investment fund regulation of Swiss TPH.

4.15 Self-managed income from research, education and services

2021 CHF

2020 CHF

As per activity Medical services

7,727,631

4,869,651

Education

1,865,343

1,391,873

Research

28,949,221

25,802,546

Services

28,002,862

28,767,456

TOTAL

66,545,056

60,831,526

Swiss TPH increased the share of third party funding. Self-managed income from research, education and services increased to CHF 66.5

18

Swiss Tropical and Public Health Institute

million in 2021, representing an increase of CHF 5.7 million or 9.4% compared to the previous year (CHF 60.8 million).

Financial Report 2021 4.16 Core contributions national and local government In addition to the income generated competitively through research and services, Swiss TPH receives funding from the local and the national

government as well as from the University of Basel: 2021 CHF

2020 CHF

Canton Basel-Landschaft

4,000,000

3,630,000

Canton Basel-Stadt

4,000,000

3,630,000

University of Basel

6,040,000

6,040,000

Swiss National Government

7,250,000

6,140,900

Swiss National Government (leading house activities)

1,750,000

1,550,000

23,040,000

20,990,900

Subtotal Deferred income new building Belo Horizonte TOTAL

Overview of the last years

0

– 1,800,000

23,040,000

19,190,900

2021 CHF

2020 CHF

2019 CHF

2018 CHF

4,000,000

3,630,000

3,630,000

3,630,000

Canton Basel-Stadt

4,000,000

3,630,000

3,630,000

3,630,000

National Government

9,000,000

7,690,900

7,987,400

7,515,600

University of Basel

6,040,000

6,040,000

6,600,429

6,860,759

23,040,000

20,990,900

21,847,829

21,636,359

Canton Basel-Landschaft

TOTAL

Figures at “University of Basel” include “SNF overhead” and “Unibas matching funds” for 2018 and 2019. These revenues are project specific and are no longer included in the core contributions.

Existing agreements on Core Funding Within the scope of the inter-cantonal contract concerning the common ownership of the University of Basel between the cantons of Basel-Stadt and Basel-Landschaft, Swiss TPH was granted a contribution of CHF 6,040,000 (2020: CHF 6,040,000) for the period of 2021 for struc-

University of Basel

Based on the new performance agreement between the University of Basel and the Swiss TPH, the following subsidies have been decided from 2022 onwards.

2022 CHF

2023 CHF

2024 CHF

2025 CHF

2026 CHF

6,608,000

6,769,000

6,923,000

7,083,000

7,245,000

Based on the performance mandate of the governments of the cantons of Basel-Stadt and BaselLandschaft to the Swiss TPH for the years 2021

Canton Basel-Landschaft

tural professorships and teaching activities within the curriculum of the University of Basel.

to 2024, the following contributions of the cantons were decided.

2021 CHF

2022 CHF

2023 CHF

2024 CHF

4,000,000

4,000,000

4,000,000

4,000,000

Canton Basel-Stadt

4,000,000

4,000,000

4,000,000

4,000,000

TOTAL

8,000,000

8,000,000

8,000,000

8,000,000

Based on the “decree regarding the application of the Swiss Tropical and Public Health Institute (Swiss TPH) of June 30, 2019, for a federal contribution according to Article 15 of the Federal Law

on the Promotion of Research and Innovation (FIFG) for the years 2021 – 2024”, the following contributions were approved:

Swiss Tropical and Public Health Institute

19

Financial Report 2021

Swiss Federal Government

2021 CHF

2022 CHF

2023 CHF

2024 CHF

7,250,000

8,125,000

8,250,000

8,375,000

The amount defined in the service agreement and the decree for 2022 was reduced by the federal government by 0.3% to 8,100,900. Reductions are also possible for the following years within the framework of the debt brake.

2021 CHF

As a founding member of the Centre Suisse de Recherches Scientifiques en Côte d’Ivoire (CSRS) and the Ifakara Health Institute (IHI) in Tanzania, Swiss TPH acts as the leading house on behalf of the State Secretariat for Education and Research (SERI) and administers the following funds based on the performance agreement for the years 2021 – 2024.

2022 CHF

2023 CHF

2024 CHF

Bilateral Cooperation

750,000

750,000

400,000

350,000

Ifakara Health Institute (IHI) in Tanzania

500,000

500,000

500,000

500,000

Centre Suisse de Recherches Scientifiques en Côte d’Ivoire (CSRS) TOTAL SBFI-LEADING HOUSE

500,000

500,000

500,000

500,000

1,750,000

1,750,000

1,400,000

1,300,000

Based on the performance agreement for the years 2021 – 2024, the following contributions

4.17 Other operating income

were granted for international cooperation with foreign partners.

2021 CHF

2020 CHF

Medical services

679,144

710,848

Education

255,863

234,662

Research

911,281

617,409

Services

11,223

196,660

1,857,510

1,759,578

As per activity

TOTAL

Other operating income is income which is not related directly to grant and project contracts 4.18 Change in unbilled services

such as royalties, consultancies, cafeteria, reimbursed travel cost, etc.

2021 CHF

2020 CHF

As per activity Medical Services Education Research

0

0

59,509

– 98,458

– 993,376

70,504

Services

– 2,109,633

1,090,050

TOTAL

– 3,043,501

1,062,096

Change in unbilled services also rose due to active liquidity management.

20

Swiss Tropical and Public Health Institute

Financial Report 2021

4.19 Personnel expenses

2021 CHF

2020 CHF

39,966,609

36,535,904

As per nature Salaries Allowances

1,441,692

1,533,023

Social insurance

5,644,153

5,294,686

Consultancies

5,173,221

3,162,425

37,275

10,063

Continuous education

Recruiting

1,208,612

985,677

Travel expenses

1,211,697

1,122,978

527,734

365,872

55,210,993

49,010,628

Other personal costs TOTAL

Personnel expenses increased by 12.7% or CHF 6.2 million compared to the previous year from CHF 49.0 million to CHF 55.2 million. The main reason for the growth is the increase in salary costs (+ CHF 3.4 million) as well as an increase in purchased labor. (Consultants, + CHF 2.0 million).

All expenses and costs are recognised in the income statement. In respect of accruals for overtime and vacation please refer to note 4.11 and 4.12.

Pension funds

of an annual interest (1% since 1 January 2017).

This pension plan is part of a collective plan with reinsurance arrangements (full insurance within the framework of a collective insurance contract), the Swiss TPH Institute is not the risk bearer and therefore no additional payment obligations can arise in case of a deficit.

Swiss TPH’s pension plan is a pension scheme according to the federal law on occupational pension schemes (BVG) and is part of the “Helvetia Sammelstiftung für Personalvorsorge”, contract number 30935. The funding consists of employers’ contributions, employees’ contributions, and Pension benefit expenses

2021 CHF

2020 CHF

Helvetia Sammelstiftung (Employer contribution)

2,234,990

2,210,031

TOTAL

2,234,990

2,210,031

Employer contribution reserves of the pension fund

62,536

62,536

TOTAL

62,536

62,536

2021 CHF

2020 CHF

Members of the Board of Governors (CHF; expenses)

0

0

Heads

9

9

1,247,614

1,232,989

Compensation Board of Governors (Kuratorium)

No compensation is paid to the Board of Governors. Only defined trip allowances and boarding costs are paid.

Directorate salaries Members of the Directorate (CHF; salaries only) Heads FTE

7

7

6.8

7.0

Expenses to the Directorate are paid according to the Manual for Employees.

Swiss Tropical and Public Health Institute

21

Financial Report 2021

4.20 Material expenses

2020 CHF

2020 CHF

Investments > CHF 5,000 with project funds (not capitalised)

273,582

510,387

Equipment < CHF 5,000

233,107

798,242

2,100,922

2,227,190

As per nature

Consumables Documentation Periodical publications

9,284

4,489

24,891

16,220

Books

16,886

33,004

TOTAL

2,658,670

3,589,533

2021 CHF

2020 CHF

2,969,860

1,084,172 292,687

Procurement for IT-equipment < CHF 5,000 was reclassified from material expenses (4.20) to administrative expenses (4.21).

4.21 Administrative expenses As per nature Informatics Office material, printed matters

274,949

Phone, fax, internet

223,067

199,722

Postage

268,433

279,576

80,560

73,111

Audit fees headquarters Audit fees projects Consultancy fees

64,615

79,891

1,291,525

1,117,398

Expenses meetings, guests, seminaries

490,300

729,312

Donations, fees

357,012

332,245

6,020,321

4,188,114

2021 CHF

2020 CHF

2,131,155

1,889,234

538,894

472,703

TOTAL

Procurement for IT-equipment < CHF 5,000 was reclassified from material expenses (4.20) to administrative expenses (4.21).

4.22 Other operating expenses As per nature Maintenance and rent Maintenance, repair of equipment Vehicle costs

4,049

6,146

100,057

84,231

Energy, disposal

687,411

489,922

Marketing and PR

138,013

107,022

Insurance

Project expenditures abroad

24,984,589

20,292,542

TOTAL

28,584,168

23,341,800

Other operating expenses increased by 22.5% or CHF 5.2 million from CHF 23.3 million in 2020 to CHF 28.6 million in 2021. With an increase of CHF 4.7 million, local project expenditures

22

Swiss Tropical and Public Health Institute

made the most substantial contribution to the rise and are the consequences of the renewed increase in project activities

Financial Report 2021

Project expenditures abroad by donors SDC (Swiss Agency for Development and Corporation)

11,792,601

9,618,060

Botnar Research Centre for Child Health

1,881,215

501,896

SNSF (Swiss National Science Foundation)

1,642,520

1,223,378

GF (Global Fund to Fight AIDS, Tuberculosis and Malaria)

1,175,034

1,024,949

Other

1,086,928

1,380,883

UniSanté Lausanne

1,050,153

641,860

SBFI

911,002

0

EDCTP, AA The Hague

679,337

421,609

Swiss TPH (Institutional Projects)

651,072

1,168,791

European Comission

616,251

0

Stanley Thomas Johnson Foundation

541,959

490,739

BMGF (Bill and Melinda Gates Foundation)

500,664

432,065

CDC Foundation

347,628

0

CHAI (Clinton Health Access Initiative)

262,819

1,465,349

KfW (Kreditanstalt für Wiederaufbau)

199,891

185,157

Uni Heidelberg

179,736

0

Moritz Straus Stiftung

178,509

94,563

FIND

145,781

93,655

ISPM

132,529

0

RGS

108,921

61,042

BASF

106,334

0

Fondazione Adiuvare

103,404

79,901

Health Effects Institute

100,577

0

95,614

430,424

PATH ANSES

94,974

0

SAMW

80,454

0

GAVI (The Vaccine Alliance)

80,399

59,332

Novartis

79,575

0

Royal Commonwealth Soc. for the Blind

66,618

0

CDC Foundation

48,905

0

GIZ

43,185

0

0

874,620

Cordaid (Catholic Organisation for Relief & Development Aid) UNFPA Rwanda Total

0

44,271

24,984,589

20,292,542

2021 CHF

2020 CHF

Please note: A donor is listed if more than CHF 40,000 is expensed in 2021.

Project expenditures abroad by geographical regions Northern Africa

0

0

Southern Africa

1,518,358

121,863

Eastern Africa

6,570,025

4,902,196

Western Africa

2,943,642

1,898,184

Middle Africa

4,700,872

5,646,138

15,732,897

12,568,380

Southern Asia

52,802

106,716

South-Eastern Asia

12,437

53,310

Central Asia

504,841

675,568

Eastern Asia

0

0

Africa

Western Asia

153,397

0

Asia

723,477

835,594

Swiss Tropical and Public Health Institute

23

Financial Report 2021

Eastern Europe

3,422,006

2,956,258

Western Europe

4,601,171

3,928,974

Europe

8,023,177

6,885,232

Northern Amercia

398,790

0

Northern America

398,790

0

South America

106,248

3,335

Central America Latin America and the Caribbean

0

0

106,248

3,335

Oceania

0

0

Oceania

0

0

24,984,589

20,292,542

2021 CHF

2020 CHF

TOTAL

4.23 Financial Result Financial income Interests on bank- and post accounts

6

276

Interests on fixed deposits and call money

0

11,504

Exchange rate differences (gains)

964,195

157,919

Total financial income

964,201

169,699

– 5,840

– 3,694

Financial expenses Card fees Bank accounts fees

– 29,985

– 25,738

Interest on mortgages

– 10,413

– 32,025

Interest on arrears Other interests Exchange rate differences (losses) Miscellaneous Total financial expenses Financial result end of the year

The financial result reached CHF + 172,378 (CHF– 760,020 in 2020), which was primarily based on good exchange rate transactions and

4.24 Extraordinary Result Extraordinary income

21

– 552

– 60,643

– 34,607

– 682,673

– 833,103

– 2,290

0

– 791,823

– 929,719

172,378

– 760,020

foreign currency holdings in USD/CHF and EUR/ CHF.

2021 CHF

2020 CHF

2,553,997

0

Extraordinary expenditures

0

0

TOTAL extraordinary result

2,553,997

0 31.12.21

Carrying Amount Building Socinstrasse 57 Sales Price Extraordinary Result

24

Swiss Tropical and Public Health Institute

4,033,003 – 6,587,000 2,553,997

Financial Report 2021

5. Related party transactions The purpose of the Rudolf Geigy Foundation is to support Swiss TPH in different projects. The following list shows the granting of funds:

Granting of Funds

2021 CHF

2020 CHF

354,979

453,167

Malaria funds Scientific collaboration Tanzania and Côte d'Ivoire L. Hofer, malaria - insect. resistence mosquitos Subtotal

28,000

28,000

382,979

481,167

General funds HCTMC, scholarships Support Swiss TPH, rent reduction

34,000

34,000

150,000

150,000

Support Swiss TPH, gardening costs

10,000

10,000

Unterstützung Projekt VapaGuide

26,000

22,000

J. Keiser, Projekt Côte d’Ivoire

0

40,000

WHO Clinical Research Fellowship

0

20,000

37,500

0

S. Moore, understanding Aedes Egypt M. Winkler, Health Impact Assessment

37,500

0

M. Rohacek, Projekt eFASH

21,600

0

N. Brancucci, Überbrückungsfinanzierung K. Witmer

30,000

0

Subtotal

346,600

216,000

Total

729,579

697,167

For the year 2021, Swiss TPH paid a rental fee of CHF 643,720 for the buildings owned by the Rudolf Geigy Foundation.

6. Risk assessment Swiss TPH actively manages its risks related to the financial statement. A yearly risk assessment considers the probability of occurrence and the severity of damages of the identified risks and appropriate measures are defined. The risk assessment is performed by the Directorate and then subsequently reviewed and approved by the Board of Governors.

7. Approval of financial statements These financial statements were prepared and approved by the management of Swiss TPH as representatives of the Board of Directors. They are subject to final approval by the Board of Governors (Kuratorium) on 25 May 2022.

Swiss Tropical and Public Health Institute

25

Financial Report 2021

26

Swiss Tropical and Public Health Institute

Financial Report 2021

Swiss Tropical and Public Health Institute

27

Kreuzstrasse 2, 4123 Allschwil, Switzerland + 41 (0)61 284 81 11 www.swisstph.ch