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Financial Report 2017 Short version Swisscontact Jahresbericht 2017

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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 Project volume grew by 15.7% over the previous year, from kCHF 86,937 to kCHF 100,586. Donations and contributions (donations tied to specific tasks) - excluding Federal contributions amounted to kCHF 9,602 (previous year: kCHF 6,751). In addition to earmarked donations and contributions, non-earmarked contributions reached kCHF 234 (previous year: kCHF 115). Of this amount, kCHF 85 were spent on projects (previous year: kCHF 0). As a result, the free fund for non-earmarked spending experienced a net growth of kCHF 149 (previous year: kCHF 115), increasing from kCHF 1,089 to kCHF 1,238. Expenses Expenses for communications and fundraising decreased from kCHF 988 to kCHF 845. This represents 0.9% of total expenses compared to the previous year’s 1.2%. Swisscontact continually aims to optimise the efficiency and effectiveness of its procedures with respect to quality, cost, and time requirements. Our global administrative expenses met budgetary limits and constituted 4.5% of total expenditures (previous year: 4.9%). Organisational capital With a positive year-end result of kCHF 1,469 in consideration of capital inflows and a change in free funds, our trust capital increased from kCHF 10,507 to kCHF 12,123. Our organisational capital reflects Swisscontact’s healthy financial condition. On the one hand, it allows Swisscontact to undertake long-term investments in innovation and quality. This ultimately benefits our projects and the impact we achieve. On the other, it ensures that we can remain committed to our projects by providing a buffer against short-term fluctuations in project financing. Furthermore, it presents proof of our liquidity and financial capabilities to our donors, a necessary guarantee for their funding.

Swisscontact Financial Report 2017 – Short Version

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Consolidated profit and loss account 2017 (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

2017

2016

1'954 2'945 5'555 520 2'921 1'261 15'157

1'864 2'350 6'000 0 688 1'849 12'751

65'040 12'339 7'704 85'084

57'806 9'503 6'848 74'157

346

29

100'586

86'937

Income from projects Swiss Government mandates Government principals Private principals Other income Other income Total income Continued on next page

Swisscontact Financial Report 2017 – Short Version

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Consolidated profit and loss account 2017 (continued) Expenditure Expenditure of projects

2017

2016

Albania Bangladesh Benin Bolivia Bosnia and Herzegovina Burkina Faso Cambodia Columbia East Africa Ecuador El Salvador Guatemala Honduras Indonesia Kenya Kosovo Laos Macedonia Mali Morocco Mozambique Myanmar Nepal Nicaragua Niger Peru Rwanda Serbia South Africa South America, regional programme Switzerland Tanzania Tchad Tunisia Uganda Vietnam

2'834 7'545 4'017 2'937 276 740 1'718 3'693 1'788 695 439 523 4'114 13'497 0 1'518 230 1'694 5'829 963 3'257 4'842 2'536 1'301 4'737 1'894 5'037 391 687 103 3'579 726 125 1'794 1'804 640

1'628 11'020 3'871 2'689 175 623 477 2'030 1'146 700 211 709 2'282 10'060 582 1'910 591 1'457 5'603 820 1'295 4'309 1'435 1'871 4'953 1'647 2'664 282 770 1'841 1'675 1'099 0 1'342 1'625 402

Coordination office project countries Subsidiaries (Switzerland/Costa Rica) Project support - thereof included in country expenditures (mandate fee basis) Total expenditure of projects

3'093 244 4'751 -2'915 93'676

2'220 494 3'235 -1'468 80'275

71 4'432 845 0 5'348

75 3'763 988 372 5'198

Operating result

1'562

1'464

Net financial income Extraordinary income Result before changes in funds

73 -17 1'618

-12 0 1'452

Change in restricted funds Result after changes in funds

0 1'618

278 1'730

Change in free funds Allocation to unrestricted capital Result after allocation

-149 -1'469 0

-115 -1'615 0

Expenditure for administration and marketing Subsidiaries (Switzerland/Costa Rica) General administration Communications and fund raising Provisions Total expenditure for administration and marketing

Swisscontact Financial Report 2017 – Short Version

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Consolidated balance sheet as at 31st December 2017 (in KCHF) Assets Current assets Cash in hand and at bank Advances to projects Marketable securities Receivables from related parties Credits for participation in projects Other receivables Accrued income

2017

2016

28'547 7'600 5'000 63 10'468 4'895 439 57'012

29'939 7'490 5'000 0 5'624 5'353 815 54'221

2'558 215 438 3'211

0 281 648 929

60'223

55'150

39'798 4'341 66 117 3'592 47'914

37'066 4'392 0 396 2'603 44'457

186

186

12'123

10'507

60'223

55'150

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 Restricted funds Restricted funds Equity Organisational capital Total liabilities and equity

Consolidated statement of changes in organisational capital as at 31st December 2017 (in KCHF)

Paid-in Unrestricted capital capital

Capital per 31.12.2015 Annual result Allocation to funds Use of funds Capital per 31.12.2016 Annual result Allocation to funds Use of funds Exchange rate effects Capital per 31.12.2017

Swisscontact Financial Report 2017 – Short Version

Restricted capital

Free funds

Exchange rate differences

Total Org. capital

10

6'847

1'000

974

-54

8'777

0 0 0

1'615 0 0

0 0 0

0 208 -93

0 0 0

1'615 208 -93

10

8'462

1'000

1'089

-54

10'507

0 0 0 0

1'469 0 0 0

0 0 0 0

0 234 -85 0

0 0 0 -2

1'469 234 -85 -2

10

9'931

1'000

1'238

-56

12'123

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You can request a copy of their Audit Report and 2017 Financial Statement from Swisscontact’s Head Office: Schweizerische Stiftung für technische Entwicklungszusammenarbeit, Hardturmstrasse 123, 8005 Zürich. Alternatively, you may download them from our website (www.swisscontact.org).

Swisscontact Financial Report 2017 – Short Version

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Profile for Swisscontact

Financial Report 2017 - Short version  

Financial Report 2017 - Short version