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Basic information The annual financial statement has been prepared in accordance with the Swiss GAAP FER 21 financial reporting guidelines for charitable and social non-profit organisations. For the statement of accounts, Swiss GAAP FER 21 stipulates that the year-end result is reported after changes in funds. Donations are assigned directly to the fund (allocation to funds reflected in income statement). Earmarked or non-earmarked donations contained in the fund will then be used in accordance with Swisscontact’s overall objective to finance project activities (use of funds reflected in income statement). This may be done during the year the donations are allocated, or else in subsequent reporting years. The cost structure and apportionment of administrative expenses, administrative programme expenses, and direct programme expenses comply with the ZEWO Foundation guidelines.
Important benchmarks and figures Income In the reporting period, the project volume increased slightly compared to the previous year, from kCHF 98,367 to kCHF 100,404 (+2.1%). The acquisition of Springfield Centre for Business Development Ltd. contributed to the growth of the project volume. Donations and contributions (donations tied to specific tasks) - excluding Federal contributions - amounted to kCHF 15’083 (previous year: kCHF 13’296). In addition to earmarked donations and contributions, non-earmarked contributions reached kCHF 88 (previous year: kCHF 214). Similar to the previous year, no use was made in the year under review. As a result, the free fund for non-earmarked donations experienced a growth from kCHF 1,452 to kCHF 1,540. Expenses Expenses for communications and fundraising amounted to kCHF 1,038 (previous year kCHF 1,178). This represents 1.0% of total expenses compared to the previous year’s 1.2%. Our global administrative expenses as a percentage of total expenses increased from 4.9% in the previous year to 6.1% in 2019. This increase resulted on the one hand due to the costs in relation to the acquisition of Springfield Ltd. and on the other hand due to capacity building to meet the increased demands of both clients and (local) compliance requirements, including the associated transformation project KAIROS. Organisational capital The consolidated accounts of Swisscontact close with a loss of kCHF 93, whereas the Foundation recorded a profit of kCHF 1,167 in the previous year. The result is above expectations, taking into account special effects such as the reorganization and the acquisition. The expenses incurred in relation with the acquisition were charged in full to the income statement of the subsidiary Swisscontact Services Ltd. The resulting goodwill is reported under intangible assets. Taking into consideration currency influences and the change in the free fund, the organizational capital decreased slightly from kCHF 13,504 to kCHF 13,481. Swisscontact Financial Report 2019 – Short Version
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Consolidated profit and loss account 2019 (in KCHF) Income Income from Donations and Contrib utions Donations from government donors Donations from private donors Swiss Government contributions tied to projects Contributions Swiss Solidarity Contributions government donors Contributions private donors
2019
2018
2'111 3'494 5'649 307 6'523 2'648 20'732
2'035 3'377 6'450 367 5'248 2'269 19'746
60'263 11'478 7'931 79'673
63'560 8'767 6'294 78'621
100'404
98'367
Income from projects Swiss Government mandates Government principals Private principals
Total income Continued on next page
Farmer, Cambodia
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Consolidated profit and loss account 2019 (continued) Expenditure Expenditure of projects
2019
2018
4'028 5'965 3'683 4'083 388 1'018 3'250 3'902 703 1'219 1'120 114 6'174 5'490 1'589 1'575 1'050 514 616 1'361 1'902 3'322 5'286 3'528 1'840 3'847 3'743 3'016 730 264 4'405 1'199 996 3'292 2'098 1'246
3'802 6'016 4'328 2'304 366 824 2'408 5'025 628 834 833 0 4'219 8'400 1'314 1'629 621 138 1'274 3'804 738 2'569 4'864 3'192 1'207 5'067 2'823 4'785 387 309 3'640 1'171 817 2'370 2'140 781
3'080 568 4'245 -2'731 93'719
2'571 239 4'545 -2'605 90'378
616 5'508 1'038 7'162
65 4'664 1'178 5'907
Operating result
-477
2'082
Net financial income Extraordinary income Result before changes in funds
194 2 -281
-529 -55 1'498
Change in restricted funds Result after changes in funds
276 -5
-117 1'381
Change in free funds Allocation to unrestricted capital Result after allocation
-88 93 0
-214 -1'167 0
Albania Bangladesh Benin Bolivia Bosnia and Herzegovina Burkina Faso Cambodia Columbia Ecuador El Salvador Guatemala Haiti Honduras Indonesia Kenya Kosovo Laos Lebanon Macedonia Mali Morocco Mozambique Myanmar Nepal Nicaragua Niger Peru Rwanda Serbia South Africa Switzerland Tanzania Tchad Tunisia Uganda Vietnam Coordination office project countries Subsidiaries Project support - thereof included in country expenditures (mandate fee basis) Total expenditure of projects Expenditure for administration and marketing Subsidiaries General administration Communications and fund raising Total expenditure for administration and marketing
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Consolidated balance sheet as at 31st December 2019 (in KCHF) Assets Current assets
2019
2018
41'340 6'844 0 0 7'995 4'552 710 61'441
35'762 7'649 5'000 21 7'348 3'596 216 59'592
2'610 123 1'046 3'779
2'450 163 251 2'864
65'220
62'456
43'755 4'336 50 436 2'880 51'457
41'128 4'566 64 267 2'624 48'649
255
0
27
303
Organisational capital
13'481
13'504
Total liabilities and equity
65'220
62'456
Cash in hand and at bank Advances to projects Marketable securities Receivables from related parties Credits for participation in projects Other receivables Accrued income Non-current assets Financial assets Tangible assets Intangible assets Total assets Liabilities and equity Current liab ilities Advance payments for participation in projects Other liabilities Liabilities to related parties Provisions Accrued liabilities
Long term liabilities Long term liabilities Restricted funds Restricted funds Equity
Consolidated statement of changes in organisational capital as at 31st December 2019 (in KCHF)
Capital per 31.12.2017
Paid-in Unrestricted capital capital
Restricted capital
Free funds
Exchange rate differences
Total Org. capital
10
9'931
1'000
1'238
-56
12'123
0 0 0
1'167 0 0
0 0 0
0 214 0
0 0 0
1'167 214 0
Exchange rate effects Capital per 31.12.2018
0 10
0 11'098
0 1'000
0 1'452
0 -56
0 13'504
Annual result Allocation to funds Use of funds Exchange rate effects
0 0 0 0
-93 0 0 0
0 0 0 0
0 88 0 0
0 0 0 -18
-93 88 0 -18
10
11'005
1'000
1'540
-74
13'481
Annual result Allocation to funds Use of funds
Capital per 31.12.2019
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Report of the auditor
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Metall worker in Niger
You can request a copy of the Audit Report and Financial Statement 2019 from Swisscontact’s Head Office (see address below) or download them from our website:
Swisscontact Hardturmstrasse 123 CH-8005 Zürich Telefon +41 44 454 17 17 www.swisscontact.org
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