Center for International Forestry Research

Financial statements

Statement of financial position*

As at 31 December 2012 and 2011 (in thousands of US dollars)

Assets 2012 2011
Current assets
Cash and cash equivalents 37,447 21,128
Short-term time deposits 500 600
Account receivables:
– Donors 3,342 2,803
– Employees 655 470
– Other CGIAR centers 98 94
– Others 4,593 941
Prepaid expenses 436 420
   Total current assets 47,071 26,456
Non-current assets
Property, plant and equipment 2,479 2,483
Other assets 2,823 1,797
   Total non-current assets 5,302 4,280
   Total assets 52,373 30,736
Liabilities and net assets 2012 2011
Current liabilities
Account payables:
– Donors 15,729 5,402
– Employees 566 381
– Other CGIAR centers 2,802 708
– Others 1,651 134
Accrued expenses 2,361 2,252
   Total current liabilities 23,109 8,877
Non-current liabilities
Employee benefits obligations 5,290 4,783
Accrued expenses – non-current portion – 350
   Total non-current liabilities 5,290 5,133
Net assets
Unrestricted:
 – Undesignated 20,371 13,123
 – Designated 3,603 3,603
   Total net assets 23,974 16,726
   Total liabilities and net assets 52,373 30,736

Statement of activities*

For the years ended 31 December 2012 and 2011 (in thousands of US dollars)

2012

2011

Unrestricted

Restricted – CRPs

Total

Total

CGIAR fund
windows
1 & 2

CGIAR fund
windows 3

Bilateral

Total
restricted

Revenue and gains

– Grant revenue

6,796

29,952

1,140

18,131

49,223

56,019

36,394

– Other revenue and gains

340

–

–

–

–

340

276

Total revenue and gains

7,136

29,952

1,140

18,131

49,223

56,359

36,670

Expenses and losses

– Research expenses

200

25,317

996

16,116

42,429

42,629

31,594

– General and administration
expenses

(350)

6,832

–

–

6,832

6,482

4,742

Sub-total

(150)

32,149

996

16,116

49,261

49,111

36,336

– Indirect cost recovery

38

(2,197)

144

2,015

(38)

–

(1,630)

Total expenses and losses

(112)

29,952

1,140

18,131

49,223

49,111

34,706

Surplus

7,248

–

–

–

–

7,248

1,964

Expenses by natural

classification

– Personnel

 90 8,655 483 4,508 13,646 13,736 12,132

– Supplies and services

 (276) 5,769 417 5,496 11,682 11,406 9,083

– Collaborators – CGIAR centers

 – 15,224 – 117 15,341 15,341 6,525

– Collaborators – Partners

 2 348 16 4,936 5,300 5,302 5,810

– Travel

 33 1,516 80 941 2,537 2,570 2,062

– Depreciation

 1 637 – 86 723 724 724

– System cost (CSP)

 – – – 32 32 32 –

Sub-total

(150)

32,149

996

16,116

49,261

49,111

36,336

– Indirect cost recovery

38

(2,197)

144

2,015

(38)

–

(1,630)

Total

(112)

29,952

1,140

18,131

49,223

49,111

34,706

*These statements were taken from the audited financial statements as of and for the years ended 31 December 2012 and 2011.
PricewaterhouseCoopers-Indonesia conducted the audit and issued an unqualified opinion.