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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

Swisscontact Financial Report 2019 – Short Version

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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

Swisscontact Financial Report 2019 – Short Version

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Report of the auditor

Swisscontact Financial Report 2019 – Short Version

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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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Profile for Swisscontact

Financial Report 2019 - Short Version  

Financial Report 2019 - Short Version