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Transparency International is a global movement with one vision: a world in which government, business, civil society and the daily lives of people are free of corruption. Through more than 100 chapters worldwide and an international secretariat in Berlin, we are leading the fight against corruption to turn this vision into reality.
© 2016 Transparency International. All rights reserved.
TABLE OF CONTENTS
TABLE OF CONTENTS ................................................................................................................................. 1
GENERAL INFORMATION ............................................................................................................................ 2
MANAGING DIRECTOR’S REPORT ............................................................................................................. 4
AUDIT REPORT ............................................................................................................................................. 9
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ...................................................................... 11
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ............................................................ 12
CONSOLIDATED STATEMENT OF CHANGES IN RESERVES ................................................................ 13
CONSOLIDATED STATEMENT OF CASH FLOWS ................................................................................... 14
NOTES ......................................................................................................................................................... 15
ANNEXES .................................................................................................................................................... 44
2 GENERAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015
GENERAL INFORMATION
Board of Directors: :NAME COUNTRY NOTES
José Ugaz Peru Chair
Elena A. Panfilova Russia Vice Chair
Nada Abdelsater Abusamra Lebanon Elected Sept. 2015
Iftekhar Zaman Bangladesh
Sion Assidon Morocco
Emile Carr Sierra Leone
Jeremy Carver United Kingdom
Mercedes de Freitas Venezuela
Mark Mullen Georgia
Natalia Soebagjo Indonesia
Elizabeth Ungar Bleier Colombia
J.C. Weliamuna Sri Lanka
Sergej Muravjov Lithuania Until Sept. 2015
Managing Director: Cobus de Swardt
Address: Alt Moabit 96
10559 Berlin
Germany
Tel: +49 - 30 - 34 38 20 0
Fax: +49 - 30 - 34 70 39 12
email: [email protected]
website: www.transparency.org
Registration : Registration office: Amtsgericht Charlottenburg
Registration number: VR 13598 B
Date of latest change: 27/11/2014
Tax registration : Registration office: Finanzamt für Körperschaften I
Tax number: 27/678/51105
3 GENERAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2015
Date of latest triennial exemption: 05/05/2014
Value Added Tax (VAT) identification number: DE273612486
Auditors :
KPMG AG
Wirtschaftsprüfungsgesellschaft
Klingelhöferstraße 18
10785 Berlin
Germany
Banks :
Commerzbank AG
Theodor-Heuss-Platz 6
10877 Berlin
Germany
Deutsche Bank AG
Unter den Linden 13/15
10117 Berlin
Germany
Citibank NA
6400 Las Colinas Blvd
Irving, TX 75039
United States
Bank of America NA
100 North Tryon Street
Charlotte, NC 28255
United States
4 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
The Managing Director presents his annual report on the affairs of Transparency International e.V. –
henceforth referred to as TI-S or the Secretariat – for the year ended 31 December 2015.
GOVERNANCE STRUCTURE
The TI Movement
Transparency International (TI) is an unincorporated, international coalition, which has the objective
to stop corruption and promote transparency, accountability and integrity at all levels and across all
sectors of society. The TI movement consists of more than 100 National Chapters, Chapters in
Formation and National Contacts in different countries throughout the world and an international
Secretariat in Berlin. Additionally, the movement comprises Transparency International Liaison Office
to the European Union (TI-EU), based in Brussels, and Friends of Transparency International (FOTI)
based in New York. All other movement entities are referred to as coalition partners.
TI-Secretariat
Transparency International e.V. (TI-S) is an incorporated membership association registered in Berlin
and recognised as being exempt from income tax in Germany. Its governing document is the Charter
of Transparency International.
The members of the association are independent persons or entities. Their accreditation is the result
of a formal process, awarding them the status “Individual Member” (physical persons) or accredited
“National Chapter” (entities). These statuses grant voting rights at Membership Meetings.
Representatives of National Chapters and Individual Members meet on an annual basis at the Annual
Membership Meeting (AMM) to learn from each other, coordinate their activities, hold the Board of
Directors to account and elect new Board members. The Board is comprised of twelve members who
are elected for a three-year term and hold the Secretariat to account, including by review and approval
of its budget. The Board has several committees, including the Finance and Audit Committees, which
advise the Board on financial matters.
The Secretariat’s operations are led by the Managing Director, who has registered power of attorney
for the organisation. The Managing Director reports to the Board of Directors.
OBJECTIVES AND ACTIVITIES
Overview
In line with the TI Charter, the main objective of TI-S is “to take action to combat corruption and
prevent criminal activities arising from corruption so as to help build a world in which Government,
politics, business, civil society and the daily lives of people are free of corruption, because of the
5 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
potential of corruption to undermine economic development, generate poverty, foster political
instability and create global insecurity”.
In particular, this is done by:
Raising public awareness of the occurrence and impact of corruption;
Developing coalitions to address it;
Developing and disseminating tools to curb it;
Promoting transparency and accountability in politics and business;
Monitoring the control of corruption; and
Supporting institutions and mechanisms to combat it.
2015 achievements and impacts
The Unmask the Corrupt campaign has reached a new level this year by asking people all over the
world to nominate and then vote for the worst cases of grand corruption, i.e. those that have the
biggest impact on society. This has made TI’s voice stronger and bolder, and broadened its
supporters’ base: more than 125,000 cast their vote, and the social media reach went over 20,000,000
people. Even though the vote started quite late in the year, it can already be said that the campaign
had impact on the Bautista case (Dominican Republic), in Tunisia and at FIFA.
Beyond campaigns, TI kept focusing on the engagement of more and more people, mostly through
outreach to youth and support to victims and witnesses of corruption. TI published more stories about
how citizens have been helped by Chapters to find a solution to their grievances. For example, TI
Zimbabwe gave advice to the family of a girl who had been raped, and whose attacker bribed an
official in order to get away with it. He was eventually brought to court and sentenced thanks to the
Chapter’s intervention. Cases like this provide invaluable data on corruption, and TI is focusing on
improving data collection and analysis.
With a new sectoral focus, the Transparency in Corporate Reporting publication on telecommunication
companies was one of the highlights on business integrity, with almost half of the assessed firms
engaging with us in the process. Tools that have been developed by the Secretariat, such as the
Business Integrity Country Agenda or the national forums to engage business, have gained
momentum in the TI Movement and Chapters are getting more and more involved in this area of work.
TI’s global advocacy and policy work has focused on several fronts. The approval of a stand-alone
goal on governance (Goal 16) and a specific target to reduce corruption and bribery (target 16.5) as
part of the new Sustainable Development Goals (SDGs) was the highpoint of several years of TI’s
engagement in the post-2015 process. Another achievement was the inclusion of anti-corruption and
open data commitments in the outcome document for the Third International Financing for
Development Conference. Finally, TI pushed for the G20 Beneficial Ownership Transparency
Principles to be implemented in practice after the commitment made in 2014.
TI’s main research product this year was the Global Corruption Barometer for Africa, which provides
invaluable data on what people in the region think about corruption and what they can do against it.
The timing of the Corruption Perceptions Index launch was moved to January 2016, in order to give
more space for Chapters to do advocacy and communications work around anti-corruption day on 9th
December. The Helpdesk developed 75 new answers to corruption-related queries, and thereby
informed the work of many Chapters. At the national level, five new National Integrity System
assessments were launched in Europe and Central Asia, giving Chapters a thorough evidence base
for their future advocacy. The Secretariat has supported these efforts, while reducing its involvement
in the research in order to be able to focus on other strategic priorities.
6 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
All these activities have largely contributed to boost TI’s visibility worldwide, supported by a new style
of communications (based for example on more visual storytelling), which better suits our bolder
campaigning efforts. Following the redesign of the public website homepage to adapt it better to
mobile devices, visits went up by 30% (from September 2014 to September 2015). Social media reach
significantly increased: Facebook fans were up from 180,000 to 269,000, and Twitter followers up
from 57,700 to about 90,000, with more than 4,000 retweets or mentions of TI content per month.
Achievements at the national level were also very significant. To cite just a few:
Improvements in the education sector in Honduras;
Passing of a new law on beneficial ownership registries in Norway;
Adoption of a whistleblower protection law in the Punjab province, proposed by TI Pakistan;
In Bangladesh, new projects related to climate change are now subject to tougher inspections and will face regular audits from both the office of the controller and the auditor general.
Interestingly, Chapters are also taking more and more leadership in multi-country thematic initiatives.
Five of them (on mining, humanitarian aid, the judiciary, defense and security, and the health sector)
are now being run by a Chapter, a good example of the promotion of Chapters’ leadership and
decentralisation of expertise.
At a more internal level, in addition to the strategic development process, TI-S has improved its
financial management system as well as internal controls (e.g. on internal complaints mechanisms).
Forging a better understanding of costs drivers, introducing a Value for Money policy and testing ways
of assessing Value for Money have been essential to enhancing TI-S’s efficiency and effectiveness.
Finally, in order to track the Secretariat’s contribution to the new strategy in the next five years, the
Monitoring Evaluation and Learning systems have been revamped to focus much more on impact and
learning.
Plans for the Future
At the 2015 Annual Membership Meeting, TI adopted Together Against Corruption: Transparency
International Strategy 2020. This global 5-year strategy sets an ambitious direction for the future
activities of the global TI movement, focused on three key areas:
People and Partners: TI’s aim is to foster a global culture of anti-corruption action. TI
will increasingly support individuals and groups of people to act and demand
accountability – and will work to protect them when they are at risk. Extending the
boundaries of the anti-corruption movement, TI will work with an increasingly wide range
of people and partners to drive anti-corruption progress.
Prevention, enforcement and justice: In many countries, corruption prevention
systems, laws and standards remain weak. TI will develop, monitor and advocate for key
anti-corruption standards and implementation of the best available regulations. At the
same time, TI will strengthen its ability to engage when both law enforcement and justice
systems fail to pursue cases of corruption, resulting in impunity.
Strong movement: TI’s organisational model is unique and enables it to combine global
and local advocacy, using locally-rooted, country-based experiences to inform their work.
TI will continue to draw on this global reach, and ensure strong presence where it matters
the most. TI will innovate and identify new tools and new ways to understand what works
7 MANAGING DIRECTOR’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
to stop corruption. Investing in their accountability, people and performance, TI will be
better equipped for the challenges ahead.
TI-S adopted a 5-year Implementation Plan, consistent with this strategy, in December 2015 to
help prioritise the Secretariat’s contribution to implementing Together Against Corruption.
Providing a roadmap for the years leading up to 2020, the Implementation Plan at the same time
allows for flexibility to react to opportunities and events, as they may emerge, and to adapt the
Secretariat’s focus based on regular reviews of progress and context of our work.
To effectively organise its work around the nine “areas of contribution” to the TI movement’s
global strategy identified in the TI-S Implementation Plan and supported by a set of
recommendations adopted by the TI Board of Directors, which followed a review of key TI-S
structures, processes and ways of working, the Secretariat is preparing to embark on an
“organisational transformation” to help the Secretariat be ready to face the challenges of the
future.
RISK MANAGEMENT
As an advocacy organisation, taking risks is an essential part of affecting change. The purpose of
strengthening how risk is managed is not to make the movement more risk averse, but rather to make
it more capable of identifying, assessing and addressing risks. In short, managing risks more
effectively allows the organisation to fight corruption more successfully.
The Board has ultimate responsibility for risk management and to ensure that there are structures and
processes in place for the effective management of risk. Responsibility for risk oversight has been
delegated to the Audit Committee, which reports and provides advice regularly to the Board.
A Risk Management Committee operates within the Secretariat; it oversees the risk management
infrastructure, which rests on five pillars that are integrated and each broadly responsible for an area
of risk, including: 1) Institutional; 2) Political and Legal; 3) Personnel safety; 4) Media interest and
reputation; and 5) National Chapters. Cross-cutting the five pillars is a new focus on programmatic
risk, which will concentrate particularly on the fundamental shifts in how TI approaches fighting
corruption, from people engagement to campaigning and case work. The Committee also leads on
the implementation and maintenance of robust and effective systems and processes to manage day-
to-day risks across the organisation.
The Audit Committee has reviewed current risk management arrangements, and considers that they
are sufficient to ensure that major risks are identified and systems are established to manage them.
The Audit Committee regularly receives updates on risk management and reviews the overall systems
and processes on risk management yearly.
FINANCIAL REVIEW
Results review
In 2015 total income for TI-S remained in line with previous years, increasing by approximately 1%
from €26,850,094 in 2014 to €27,097,999 with both unrestricted and restricted funding being subject
to minor fluctuations.
9 AUDIT REPORT FOR THE YEAR ENDED 31 DECEMBER 2015
AUDIT REPORT
INDEPENDENT AUDITOR'S REPORT
To Transparency International e.V., Berlin
We have audited the accompanying consolidated financial statements of Transparency
International e.V., Berlin and its subsidiary, which comprise the Consolidated Statement of
Financial Position, the Consolidated Statement of Comprehensive Income, the Consolidated
Statement of Changes in Reserves, the Consolidated Statement of Cash Flows and the Notes
to the Financial Statements for the year ended 31 December 2015.
Management's Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of consolidated financial
statements in accordance with IFRSs, as adopted by the EU and for such internal control as
management determines is necessary to enable the preparation of consolidated financial
statements that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with International Standards on Auditing. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free from material
misstatement.
An audit involves procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the consolidated financial statements,
whether due to fraud or error. In making those risk assessments, the auditor considers internal
control relevant to the parent company`s preparation and fair presentation of consolidated
financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the
group`s internal control. An audit also includes evaluating the appropriateness of accounting
policies used and the reasonableness of accounting estimates made by management, as well
as evaluating the overall presentation of the consolidated financial statements.
11 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Financial Position
ASSETS Notes
all amounts are stated in Euros
Current Assets
Cash and cash equivalents 3 13,705,213 8,922,597
Accounts receivable 1,267,745 1,080,539
Debtors 4 187,149 269,435
Accrued income 5 1,080,596 811,104
Advances to project partners 6 1,609,285 5,559,159
Other current assets 7 244,074 165,163
Current Assets, total 16,826,317 15,727,458
Non Current Assets
Intangible assets 8 27,909 39,048
Tangible assets 8 218,094 169,265
Investments 9 2,500 2,500
Other f inancial assets 9 85,161 100,683
Non Current Assets, total 333,664 311,496
Assets, total 17,159,981 16,038,954
LIABILITIES AND RESERVES Notes
all amounts are stated in Euros
Current Liabilities
Accounts payable 1,312,218 1,211,702
Liabilities to project partners 10 422,912 114,961
Liabilities to suppliers 11 546,272 294,693
Other current liabilities 12 343,034 802,048
Deferred income, current 13 7,030,536 11,204,258
Current Liabilities, total 8,342,754 12,415,960
Non Current Liabilities
Deferred income, non current 14 4,077,933 -
Other non current liabilities 9 1,250 1,250
Provisions 15 831,691 -
Non Current Liabilities, total 4,910,874 1,250
Reserves 16 3,906,353 3,621,744
Liabilities and Reserves, total 17,159,981 16,038,954
The notes on pages 15 to 43 form part of these f inancial statements
31 December 2015 31 December 2014
31 December 2015 31 December 2014
12 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Comprehensive Income
Notes 2015 2014
all amounts are stated in Euros
Operating income
Unrestricted income 17.a 7,778,135 7,556,694
Restricted income 17.b 19,098,929 19,151,059
Other income 17.c 220,935 142,341
Operating Income, total 27,097,999 26,850,094
Expenditure
Personnel expenses 19 10,011,855 10,362,854
Partner support 20 10,944,525 10,887,399
Other expenses 21 5,652,007 5,341,069
Depreciation and amortisation 8 123,366 122,900
Expenditure, total 26,731,753 26,714,222
Result from Operating Activities 366,246 135,872
Financial Result, net 24 (81,805) 25,889
Comprehensive Income, total 284,441 161,761
All the above results are derived from continuing activities.
There are no recognised gains and losses other than the ones stated above.
The notes on pages 15 to 43 form part of these financial statements
13 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Changes in Reserves
Free Reserv es Total
Special Fund Netw ork Reserv e
all amounts are stated in Euros
Opening balance at 01 January 2014 2,535,483 774,500 150,000 3,459,983
Transfer from Total Comprehensive Income in 2014 161,761 - - 161,761
Balance at 31 December 2014 2,697,244 774,500 150,000 3,621,744
Opening balance at 01 January 2015 2,697,244 774,500 150,000 3,621,744
Transferred reserves on consolidation of
subsidiary 168 - - 168
Transfer from Total Comprehensive Income in 2015 284,441 - - 284,441
Balance at 31 December 2015 2,981,853 774,500 150,000 3,906,353
The notes on pages 15 to 43 form part of these financial statements
Designated Reserv es
14 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Consolidated Statement of Cash Flows Notes 2015 2014
all amounts are stated in Euros
Total Comprehensive Income 284,441 161,761
CASH FLOW FROM OPERATING ACTIVITIES
Adjustments for:
Depreciation and amortisation 8 123,366 122,900
Loss on disposal of f ixed assets 8 12,473 12,887
Interest income/expense 24, 9 (20,996) (9,702)
Unrealised currency translation gains and losses 24 76,074 (37,557)
Provisions 15 831,691 -
Adjustments: 1,022,608 88,528
Granting activities:
Decrease/(Increase) in advances to project partners 6 3,949,874 2,788,919
(Decrease)/Increase in liabilities to project partners 10 307,951 (217,282)
Decrease/(Increase) in accrued income 5 (269,492) 2,060,499
(Decrease)/Increase in deferred income 13 (4,173,722) (7,252,294)
Cash flow from granting activities (185,389) (2,620,158)
Other operating activities:
Decrease/(Increase) in debtors and other current assets 4, 7 3,375 28,031
(Decrease)/Increase in liabilities to suppliers and other c. liab. 11, 12 (207,435) (500,091)
Decrease/(Increase) in other f inancial assets 9 15,522 -
Interest income received 24 21,492 10,951
Interest expense paid 24 (496) (1,249)
Cash flow from other operating activities (167,542) (462,358)
Net cash f low from operating activities 954,118 (2,832,227)
CASH FLOW FROM INVESTING ACTIVITIES
Disbursements for the purchase of f ixed assets 8 (173,529) (112,445)
Proceeds from sale of f ixed assets 8 - 433
Net cash f low from investing activities (173,529) (112,012)
CASH FLOW FROM FINANCING ACTIVITIES
Disbursement for granted loans 7 - 17,079
Reserves transferred upon consolidation SoCR 168 -
Release of former endow ment funds 14 4,077,933 -
Net cash f low from financing activities 4,078,101 17,079
Decrease/Increase in cash and cash equivalents 4,858,690 (2,927,160)
Cash and cash equivalents balance at 01 January 3 8,922,597 11,812,200
(Decrease) / Increase in cash and cash equivalents 3 4,858,690 (2,927,160)
Effect of exchange rate f lutuation on cash held 24 (76,074) 37,557
Cash and cash equivalents at 31 December 13,705,213 8,922,597
The notes on pages 15 to 43 form part of these f inancial statements
15 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
NOTES
Transparency International e.V. (henceforth referred to as TI-S or the Secretariat) is a registered, incorporated
association (“eingetragener Verein”) based at Alt-Moabit 96, 10559 Berlin, Germany. TI-S is the Secretariat
of Transparency International (TI), the global civil society organisation leading the fight against corruption.
The financial statements comprise the Statement of Financial Position, the Statement of Comprehensive
Income, the Statement of Changes in Reserves, the Statement of Cash Flows and the Notes to the Financial
Statements for the year ended 31 December 2015.
TI-S presents consolidated financial statements. The area of consolidation is defined in more detail below.
The financial statements are presented in units of Euros, which is the entity’s functional currency.
1. ACCOUNTING POLICIES
The accounting policies adopted in the preparation of the consolidated financial statements of the Secretariat
are as detailed here below.
1.a Basis of preparation
The financial statements have been prepared in accordance with International Financial Reporting Standards
(IFRS) as adopted by the European Union (henceforth, Adopted IFRS).
The financial statements have been prepared voluntarily, under the historical cost basis. The accounting
policies adopted in preparing these statements are consistent with those applied in the year ended 31
December 2014 except for the change described in note 1.f – Basis of consolidation.
1.b Changes in adopted IFRS
During the last reporting period, the following standards and interpretations have become effective. As such
they been adopted by the Secretariat, although none had a significant impact on the financial statements for
the year ending 31 December 2015:
Improvements to IFRS (2011-2013) IFRS 1, IFRS 3, IFRS 13 and IAS 40
Improvements to IFRS (2010-2012) IFRS 2, IFRS 3, IFRS 8, IFRS 13, IAS 16, IAS 24 and IAS 38
Amendments to IAS 19 Defined Benefit Plans: Employee Contributions
At the date of issue of these financial statements the following standards and interpretations, which have not
been applied in these financial statements, were issued but not yet effective. TI-S is currently taking all the
necessary steps to assess the impact of these standards on its statements and implement them accordingly,
if necessary, by their effective date. Management anticipates that the adoption of these standards and
interpretations in future periods will have no material impact on the financial statements of the Secretariat.
The International Accounting Standards Board (IASB) has issued the following- endorsed by the EU and
these standards and interpretations are effective for periods beginning on or after 1 January 2016:
Amendment to IFRS 11: Accounting for Acquisitions of Interests in Joint Operations, effective for accounting periods beginning on or after 1/1/2016
16 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Amendments to IAS 1: Disclosure Initiative, effective for accounting periods beginning on or after 1/1/2016
Amendments to IAS 16 and IAS 38: Clarification of Acceptable Methods of Depreciation and Amortisation, effective for accounting periods beginning on or after 1/1/2016
Amendments to IAS 16 and IAS 41: Agriculture - Bearer Plants, effective for accounting periods beginning on or after 1/1/2016
Amendment to IAS 27: Equity Method in Separate Financial Statements, effective for accounting periods beginning on or after 1/1/2016
Improvements to IFRS (2012-2014) IFRS 5, IFRS 7, IAS 19 and IAS 34, effective for accounting periods beginning on or after 1/1/2016
The International Accounting Standards Board (IASB) has issued the following- not yet endorsed by the EU
and these standards and interpretations have not been adopted by TI-S:
Amendments to IFRS 10, IFRS 12 and IAS 28: Investment Entities - Applying the Consolidation Exception, effective for accounting periods beginning on or after 1/1/2016
IFRS 14 Regulatory Deferral Accounts (no endorsement agreed)
Amendments to IAS 7: Disclosure Initiative, effective for accounting periods beginning on or after 1/1/2017
Amendments to IAS 12: Recognition of Deferred Tax Assets for Unrealised Losses, effective for accounting periods beginning on or after 1/1/2017
IFRS 9 (2014) Financial Instruments, effective for accounting periods beginning on or after 1/1/2018
IFRS 15 Revenue from Contracts with Customers, effective for accounting periods beginning on or after 1/1/2018
IFRS 16 Leases, effective for accounting periods beginning on or after 1/1/2019
Amendments to IFRS 10 and IAS 28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (effectiveness not yet agreed)
1.c Preparation of the accounts on a going concern basis
The entity reported a net surplus of €284,441, in line with prior years’ results. Secured funding to date will be
adequate to sustain it going forward: the 2016 budget approved by the Board in December 2015 indicated
that grants awarded at that date were sufficient to fund the large majority of budgeted expenditure; in line with
previous years, after the approval of the budget, additional income was secured through newly signed grants.
With reference to the liquidity of the entity at year end, current assets exceed current liabilities by €8,483,563;
cash is €13,705,213 or 80% of total assets. The entity appears protected from potential cash flow shortages.
As such, there is no significant doubt on the financial sustainability of the entity in the next 12-18 months. The
accounts are therefore being prepared on a going concern basis.
1.d Use of estimates
The preparation of financial statements in conformity with IFRS requires management to make judgements
and estimates that affect the valuation of assets, income, liabilities and expenses. These estimates and
judgements are based on asumptions that are considered reasonable in the circumstances, having regard to
historical experience. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates
are recognised in the period in which the estimates are revised and in any future periods affected.
17 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
1.e Basis of consolidation
These financial statements aggregate the results of the Secretariat and of Friends of Transparency
International (FOTI) on a line-by-line basis. A separate set of financial statements for the Secretariat is not
presented.
As per the assessment performed by the Secretariat, based on the provisions of IFRS 10, FOTI is the only
organisation to be consolidated into the Secretariat’s accounts. On the basis of current arrangements, TI-S
has significant influence over Transparency International Liaison Office to European Union AISBL (henceforth
TI-EU); however, since TI-S has no direct equity interest in TI-EU, this is presented at nil value in TI-S’s
Statement of Financial Position. Full disclosure on the transactions between TI-S and TI-EU is given under
note 18 – Related parties.
Other entities belonging to the TI Movement –subsequently referred to as “coalition partners”- share common
strategic goals and meet certain agreed accreditation requirements; however, these are fully independent
from the Secretariat per the criteria set by IFRS 10 and therefore report separately.
1.e.1 Consolidated entity FOTI is a charity incorporated in the state of Minnesota, USA, and granted tax exempt status as per art.
501(c)3 of the United States Internal Revenue Code. It was founded in 2014 with TI-S as its sole member.
The entity has currently no employees, and its registered address is:
777 UN Plaza, Suite 3D, New York NY 10017 – United States
During 2015, TI-S and FOTI jointly implemented two projects, which originated the following intragroup
transactions:
Project Main Donor
01-Jan-2015
Deferred income/
(open adv ance)
Cash
receiv ed/(sent)
Project income/
(ex penditure)
31-Dec-2015
Deferred income/
(open adv ance)
all amounts are stated in Euros
Land Grabbing Wellsprings - 253,479 (128,271) 125,208
Advocacy Omydiar - 284,638 (172,164) 112,474
N OT E: headings refer to the relevant account in TI-S's separate books and, in brakets, to the correspondent account in FOTI's
INTRAGROUP TRANSACTIONS between TI-S and FOTI
Additionally, TI-S provided administrative and accounting services to FOTI on a pro-bono basis. The value of
the services was estimated based on the total standard cost for TI-S of the resources employed as €12,175.
1.e.2 Change in accounting policy The relationship between FOTI and the Secretariat was re-assessed during 2015, as the US entity became
operational. The analysis performed concluded that, considering the notion of control included in IFRS 10,
the entity is to be consolidated. This constitutes a change in accounting policy compared to the prior year,
when TI-S did not present consolidated financial statements. Complying with IAS 8, the effects of a
restropective application of the current accounting policy are given in the below summary statements :
18 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
STATEMENT OF FINANCIAL POSITION 31-Dec-1531-Dec-2014
RESTATED
all amounts are stated in Euros
Assets
Current assets 16,826,317 15,961,633
Non-current assets 333,664 311,496
Assets, total 17,159,981 16,273,129
Liabilities and reserves
Current liabilities 8,342,754 12,649,971
Non-current liabilities 4,910,874 1,250
Reserves 3,906,353 3,621,907
Liabilities and reserves, total 17,159,981 16,273,129
STATEMENT OF COMPREHENSIVE INCOME 2015 2014
Operating income - 26,850,277
Operating expenses - (26,714,237)
Financial result - 25,893
Comprehensive income, total - 161,929
STATEMENT OF CHANGES IN RESERVES Free Designated Total
01-Jan-14 2,535,483 924,500 3,459,983
Surplus 161,929 161,929
31-Dec-14 2,697,412 924,500 3,621,912
Surplus 284,441 284,441
31-Dec-15 2,981,853 924,500 3,906,353
Specifically, the increase in “current assets” by €234,175 in 2014, reflects the receipt in cash of a grant from
the Wellsprings Foundation, which has its corresponding entry in “current liabilities” (deferred income). The
project, named “Women, Land and Corruption”, is being implemented by TI-S in 2015 and 2016.
1.f Cash and cash equivalents
Cash and cash equivalents include cash in hand, cash at bank and short term deposits. Short term bank
deposits are funds not immediately accessible, where deposits mature within six months of the date of the
Statement of Financial Position.
Cash and cash equivalents denominated in foreign currencies are measured at fair value, using the bank
exchange rate at the date of the Statement of Financial Position.
1.g Current assets and liabilities
Current assets are measured at their recoverable amount, while current liabilities are measured at the amount
expected to be paid. All current balances are due within one year.
Allowances for the impairment of “accounts receivable” and “advances to project partners” are made if the
collection of the balance is doubtful. The amount of the allowance is the difference between the carrying
amount of the asset and its recoverable amount.
19 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
1.h Non-Current assets
Non-current assets include tangible and intangible fixed assets, and financial assets. The recognition criteria
for each category of non-current asset is detailed below.
1.h.1 Tangible and intangible fixed assets Tangible assets include office equipment and furniture, while intangible assets comprise software and
licences. Compliant with IAS 16 and 38, both are initially recorded at cost and thereafter presented at the
lower of historical cost less accumulated depreciation and their recoverable amount.
TI-S can obtain licences for certain software at highly discounted or nil price. Availability of open source or
favourably priced software appears customary for charities; as such, licences obtained at these conditions
are not considered in-kind donations in these financial statements.
Depreciation is calculated on a straight-line basis over the useful life of each item; on average, the useful
lives of TI-S’s main classes of assets are estimated as follows :
ASSET CLASS years
Furniture 12
Servers and other IT hardw are 8
Computers, softw are, licences 3
Disposals are recorded when the assets are scrapped or sold. Cost of maintenance is expensed as incurred.
1.h.2 Financial assets Financial assets include a minority equity interest presented at fair value and deposits on leases due beyond one year, which are presented at amortised cost, using the effective interest method in accordance with IFRS 9.
1.i Non-Current liabilities
Non-current liabilities include funds available to TI-S for the purpose of supporting the long-term sustainability
of the TI Movement, therefore not relating to the continuing activities of the Secretariat. Funds are currently
kept in cash and cash equivalents, while the Board is evaluating options to use them.
The funds are recognised at their historical value at the time TI-S was entitled to use the principal of the
awarded funds. In previous years, since TI-S was only allowed to spend the interest matured, the principal
was disclosed as a contingent asset in the notes.
1.j Provisions
Provisions are recognised in accordance with IAS 37, when TI-S has a present obligation resulting from a
past event that will determine a probable outflow of economic benefits, of which a reliable estimate can be
made.
A provision has been set aside this year in relation to an “organisational transformation”, to which the Board
committed in December 2015. The provision is accrued in compliance with IAS 37:73-80, Entity restructuring,
considering that:
a) the envisaged changes constitute a “fundamental reorganisation that has a material effect on the focus of the entity’s operations”;
20 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
b) the set of recommendations adopted by the Board constitutes a detailed plan, particularly with reference to certain activities;
c) Management has committed to the restructuring through several statements preceding the Board’s resolution, through the resolution itself and through the start of its implementation in late 2015.
Compliant with accounting standards, the provision is estimated by including costs that are not associated
with the continuing operations of the Secretariat.
1.k Changes in reserves
Changes in reserves are accounted for in accordance with TI’s Charter. Additionally, TI-S is subject to the
requirements of the German Tax Code (Abgabenordnung § 55, 62) which defines maximum and minimum
levels of reserves, and requires that the reserves are used exclusively for charitable purposes, as defined in
the entity’s charter.
1.l Accounting for income
TI-S receives income mainly from grants, with residual amounts of funds being raised through individual
donations, performance of charitable activities, and finance income. Regardless of the origin of the income,
all contributors to income are henceforth defined as “donors”. The recognition criteria for each category of
income is detailed below.
1.l.1 Grant income Grant income is accounted for in accordance with IAS 20. As such, income is recognised when there is
reasonable assurance that (a) the grant will be received and (b) the entity will comply with the conditions
attached to the grant. TI-S considers proviso (a) met when the formal offer of funding is communicated in
writing. Proviso (b) is met when the activities required by the grant have been performed or the objectives
upon which the grant is conditional have been met.
When entitlement is dependent on certain specific performance conditions, funds are identified as “restricted”
and recognised as income when conditions are satisfied. This is usually proportional to the relevant
expenditure incurred. When grants are awarded to cover the general expenditure of the organisation, they
are identified as “unrestricted” and recognised as income when TI-S is entitled to their receipt, over the period
they are intended to fund.
Grants received but not yet utilised are presented in the Statement of Financial Position as current liabilities
under “deferred income” (formerly “donors funding receive in advance” and “liabilities to donors”) ; grants
committed and utilised but not yet received in cash are presented within current assets under “accrued
income” (formerly “donor commitments”).
1.l.2 Individual Donations Consistent with the provisions of IAS 20, individual donations are recognised when receivable. An individual
donation is deemed to be receivable when actually received, e.g. in the case of voluntary cash payments
collected via TI-S’s website; or when a contract is in place and any outstanding conditions under the contract
have been met, e.g. contributions from legacies are recognised when the administrator confirms the transfer
of title of the equity.
Donations in kind, if any, are recognised at fair value when received using a reliable estimate of the cost of
the donated goods or services.
1.l.3 Income from charitable activities In a limited number of circumstances, TI-S receives income (“Zweckbetrieb”) as a remuneration for the performance of activities directly connected with its charitable purposes (“Gemeinnützigkeit”). The related
21 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
income is recognised according to IAS 18 and therefore by reference to the stage of completion of the transaction at the end of the reporting period.
1.l.4 Finance income Finance income comprises interest income on deposits and exchange rate gains. Interest income and
realised exchange rate gains are recognised when TI-S becomes entitled to them. Unrealised exchange rate
gains are accounted for in compliance with IAS 21, as detailed in note 1.n.
1.m Accounting for expenditure
The expenditure of TI-S comprises operating expenditure incurred at the Secretariat, operating expenditure
incurred by project partners, and finance costs. The recognition criteria for each category of expenditure are
detailed below.
1.m.1 Operating expenditure incurred at the Secretariat Operating expenditure incurred at the Secretariat consists generally of staff salaries, office running costs,
travel costs and consultancy fees. Service and labour costs are recognised in line with the rendering of
services and labour; purchases of goods are recognised when TI-S acquires title to their property.
Office running costs include lease costs, related to office space and equipment. Under current lease contracts,
a significant portion of the risks and rewards of ownership are effectively retained by the lessor. As such, in
accordance with IAS 17, these are classified as operating leases, and the related payments are charged to
the Statement of Comprehensive Income on a straight line basis over the period of the lease. Further
information on leases is provided under note 23.
1.m.2 Operating expenditure incurred by project partners A portion of TI-S’s expenditure is incurred by project partners that recieve grants from the Secretariat, mostly for the implementation of grant-funded projects. Most project partners are National Chapters, National Chapters in Formation and National Contacts: these are referred to collectively as Coalition Partners. Expenditure is accounted for when incurred by the partner. The Secretariat estimates the expenditure incurred based on periodic reports issued by partners, which are assessed for accuracy and compliance with donor requirements and good practice. In previous financial statements, the estimate of expenditure incurred was only based on final reports, which were either audited or supported by the documentation requested by donor agreements. Considering the current quality of project reporting across partners, TI-S also bases its estimates of expenditure on interim reports. In Annex 3 to these financial statements, TI-S differentiates between expenditure reported through final and interim reports, noting that the latter amounts to €4,351,734. Grants disbursed but not yet spent by coalition partners are included in the Statement of Financial Position as “Advances on ongoing projects” (formerly: “advances to national chapters and coalition partners”). Donor funds disbursed to finance those outstanding advances are included within “deferred income, current” (formerly: “liabilities to donors”).
1.m.3 Finance costs Finance costs comprise interest cost on deposits and exchange rate losses. Interest cost are recognised on
an accrual basis. Unrealised exchange rate losses are accounted for in compliance with IAS 21, as detailed
in note 1.n.
1.m.4 Cost accounting and full cost recovery Direct expenditure is systematically allocated to projects and activities. Indirect costs are apportioned to each
project according to a standard methodology based on staff taking part on the relevant project or activitiy.
22 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Indirect costs include expenditure related to financial, human resources and IT management, as well as office
running costs. TI-S strives to achieve full cost recovery on every implemented project.
1.n Foreign currency translation
Unrealised exchange rate gains and losses are recognised at the date of the Statement of Financial Position,
as a result of the conversion of all monetary assets and liabilities denominated in a foreign currency into
Euros, at the exchange rate prevailing at year end. “deferred income”, “accrued income” and “advances to
project partners” are not considered monetary items.
1.o Taxation
The Secretariat is registered as an incorporated charity in Germany (“eingetragener Verein”, “Gemeinnützig”);
it has no trading income, and therefore no liability for income tax (“Körperschaftssteuer” and
“Gewerbesteuer”). TI-S is also registered as a small entrepreneur for VAT purposes; none of its income is
subject to VAT, which implies that all VAT paid on purchases is an unrecoverable cost.
1.p Pensions
The cost of pension and post-employment benefits schemes are included in the Statement of Comprehensive
Income as they are incurred, according to IAS 19. None of these schemes are a defined benefit scheme.
23 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
2. FINANCIAL RISK MANAGEMENT
Compliant with IFRS 7, TI-S discloses below an assessment of its exposure to financial risks, which include:
market risk, credit risk and liquidity risk. Market risk is seen as resulting from the combination of foreign
exchange risk and interest rate risk; as TI-S holds only one equity instrument of trivial value, price risk is
considered insignificant.
TI-S does not hold any derivative financial instruments, and measures most of its financial instruments at fair
value, as noted in note 2.d.
2.a Market risk
2.a.1 Foreign exchange risk Foreign currency risk relates to the potential losses incurred by the entity as a consequence of the change in
the value of its financial instruments denominated in foreign currencies, due to exchange rate fluctuations.
Since the majority of expenditure is incurred in Euros, TI-S seeks to maximise receipts in Euros, as a way to
naturally hedge against exchange rate fluctuations.
Income received in foreign currencies is, however, significant. Per TI-S’s Foreign Exchange policy, foreign
currency held (resulting from donations’ received) has to approximate the forecast expenditure to be incurred
in each currency, thus maximising the natural currency hedge. When differences between budgets
denominated in a foreign currency and forecast expenditure in Euros arise, they are monitored on a timely
basis and, if necessary, discussed with the donor to adapt planned activities to existing funds.
The tables below summarise the currency exposure per foreign currency and risk class, as of 31 December
2015 and 31 December 2014:
all amounts are stated in Euros
CURRENCY EXPOSURE
EUR GBP USD OTHER TOTAL
Cash and cash equivalents 9,105,594 2,244,340 2,355,279 - 13,705,213
Accounts receivable 1,101,302 53 166,390 - 1,267,745
Other current assets 227,367 3,342 13,365 - 244,074
Accounts payable (1,123,591) (52,545) (87,124) (48,958) (1,312,218)
Foreign currency exposure 9,310,672 2,195,190 2,447,910 (48,958) 13,904,814
CURRENCY EXPOSURE
EUR GBP USD OTHER TOTAL
Cash and cash equivalents 8,041,506 752,618 128,473 - 8,922,597
Accounts receivable 448,269 449,908 182,362 - 1,080,539
Other current assets 132,701 26,914 876 4,673 165,164
Accounts payable (1,104,946) 8,497 (96,320) (18,932) (1,211,701)
Foreign currency exposure 7,517,530 1,237,937 215,391 (14,259) 8,956,599
31 December 2015
31 December 2014
Other significant balances, including “advances to project partners”, “accrued income” and “deferred income”
relate to non-monetary items, and therefore are not included as part of the currency exposure. Actual
exposure decreased significantly in early 2016 with no significant impact on the organisation’s finances, as
detailed in note 3.
24 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
2.a.2 Interest rate risk Interest rate risk relates to the additional costs or reduced income depending on changes in interest rates
over time.
All bank deposits have a maturity date that is below one year; as of 31 December 2015, TI-S cash is invested
in immediately available cash accounts and in one fixed term (6-months) deposit.
Interest income received is nil or minimal (the maximum rate received is currently 0.34% per year) and not
considered for budgeting purposes. TI-S has no interest-bearing liabilities. As such, interest rate risk is
considered very low and not material to the entity.
2.b Credit risk
Credit risk is the risk of financial loss due to a counterparty to a financial instrument failing to meet its
contractual obligations. The carrying amount of the entity’s financial assets represents its maximum credit
exposure. Impairment losses, if any, are recognised in the Statement of Comprehensive Income.
Exposure to credit risk is significantly influenced by the individual characteristics of the counterparties. TI-S
has two main classes of counterparties:
Banks, where significant amounts of cash are deposited, and
Project partners that receive advances for project implementation.
With reference to banks, TI-S operates with four major global institutions. Below are summarised the current
Standard and Poor’s ratings for the banks working with the Secretariat:
Commerzbank AG BBB+
Deutsche Bank AG BBB+
Citibank N.A. A
Bank of America N.A. A
Standard & Poor's long term rating
Project partners are small and medium-size entities, which are not publicly rated. The Secretariat
systematically monitors financial risks associated with project partners.
Based on this assessment, the Secretariat estimates the fair value of outstanding advances and receivables,
by provisioning or writing off the amounts deemed irrecoverable. Further detail on the receivables written off
are given in notes 4 and 6.
2.c Liquidity risk
Liquidity risk is the risk that the organisation encounters difficultly in meeting the obligations associated with
settling its financial liabilities by the delivery of cash.
TI-S has a robust financial monitoring and reporting system, which allows it to foresee liquidity needs well in
advance, and assess them against expected receipts. Expected cash flows, however, are taken into
consideration starting from the project-development stage, with the aim of minimising advanced expenditure
and pressure on the entity’s cash reserves.
TI-S keeps a significant portion of its reserves in cash, to minimise liquidity risk. Moreover, it is in a position
to borrow short-term liquidity from its banks, although this has never been necessary to date.
25 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
The Board of Directors and its Finance Committee receive regular updates on the Secretariat’s cash position.
2.d Fair value
Most of the Secretariat’s financial assets are measured at fair value, consistent with the entity’s operating
model, and the contractual terms of the instruments (IFRS 9).
Due to the nature and duration TI-S’s financial instruments, their carrying amount, less any impairme mng
and ptn review commentsnt noted, e.g. on receivables and advances, is considered in line with their fair value.
3. CASH AND CASH EQUIVALENTS
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Petty cash 2,926 9,181
Cash at bank 13,702,287 8,913,416
Cash, total 13,705,213 8,922,597
CASH AND CASH EQUIVALENTS
Part of the cash at bank is in foreign currency. Cash held by currency is as follows:
foreign currency Euro foreign currency Euro
Euro 9,105,594 8,041,506
Pound Sterling 1,649,702 2,244,340 597,493 752,618
United States Dollar 2,565,370 2,355,279 156,545 128,473
Cash, total 13,705,213 8,922,597
31-Dec-15 31-Dec-14
CASH BY CURRENCY
Foreign currencies have been converted using the below exchange rates:
31-Dec-15 31-Dec-14
Pound Sterling per Euro 0.7350 0.7806
United States Dollar per Euro 1.0892 1.2185
EXCHANGE RATES
The increased exposure in USD and GBP was significantly reduced in January 2016 by converting the funds
into Euro. Conversion rates were in line with those existing at year end.
26 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
4. DEBTORS
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Receivables from project partners 156,731 74,609
Receivables from personnel 37,667 21,342
Receivables from others 20,108 173,484
Provision for doubtful accounts (27,357) -
Debtors, total 187,149 269,435
DEBTORS
Receivables from project partners mainly relate to balances unspent at the end of projects, which are to be
given back in cash to the Secretariat. Receivables from others include mainly travel reimbursement requests.
In prior years, the balance included “advances to suppliers” for €148,948, which have been reclassified to
“other current assets”.
“Receivables from project partners” and “receivables from others” are classified by ageing as follows:
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Neither past due nor impaired 28,478 167,963
Past due 1-30 days 106,831 15,053
Past due 31-90 days 11,288 2,091
Past due 91-180 days - 30,600
Past due greater than 180 days 30,242 32,386
Receivables from project partners and others, total 176,839 248,093
AGEING OF RECEIVABLES
On the basis of the analysis above (see note 2.b), TI-S establishes a provision for doubtful debts for amounts
past the due date where there is no reasonable expectation of receiving the funds.
5. ACCRUED INCOME
“Accrued income” (formerly: “donor commitments”) consists of grant income recognised in the Statement of
Comprehensive Income, which has not yet been received in cash.
27 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies
U.S. Department of State United States 47,850 -
Foreign & Commonw ealth Office (FCO) United Kingdom 29,950 103,160
U.S. Agency for International Development (USAID) United States 15,989 15,989
Anti-Corruption Commission of Bhutan Bhutan 4,000 -
Ministry of Foreign Affairs The Netherlands - 240,000
Department for International Development (DfID) United Kingdom - 207,001
Islamic Republic of Mauritania Mauritania - 94
Government agencies, total 97,789 566,244
Multilateral institutions
European Commission 395,437 21,827
Financial Mechanism Office (FMO) 18,538 42,689
European Bank for Reconstruction and Development (EBRD) 7,000 -
United Nations Development Programme (UNDP) 161,721 8,446
United Nations Office on Drugs and Crime (UNODC) - 4,448
Multilateral institutions, total 582,696 77,410
Corporate donors
Ernst & Young LLP 350,000 71,768
Pricew aterhouseCoopers LLP 7,000 14,000
BP International - 7,000
Corporate donors, total 357,000 92,768
Individual donors
Detlev Elsner 2,000 -
Others (low er than €1,000) 7,520 6,926
Individual donors, total 9,520 6,926
Others (e.g. research institutes, NGOs)
Christian Michelsen Institute (CMI) 33,591 35,962
Universität Konstanz - 31,794
Others, total 33,591 67,756
Accrued income, total 1,080,596 811,104
ACCRUED INCOME
No accrued amounts are overdue or impaired.
6. ADVANCES TO PROJECT PARTNERS
Advances to project partners include outstanding balances of payments relating to the implementation of
ongoing projects. Below is an overview of advances to partners by region and type.
28 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Coalition partners
Europe and Central Asia 244,876 2,244,105
Americas 354,783 233,817
Sub-Saharan Africa 359,837 481,905
Middle-East and North Africa 131,680 989,614
Asia-Pacif ic 326,754 1,429,066
Coalition partners, total 1,417,930 5,378,507
Other project partners 214,449 207,852
Provision for doubtful advances (23,094) (27,200)
Advances to partners, total 1,609,285 5,559,159
ADVANCES TO PARTNERS BY REGION
Advances are shown net of the expenditure reported based on interim reports received. Annex 3 includes a
reconciliation by partner of advances outstanding as of 31 December 2014 and 31 December 2015. The
reconciliation identifies also the amount of advances currently offset by non-final documentation.
A provision for doubtful accounts is made for certain advances that have been neither properly reported upon,
nor repaid in cash. A summary of its movements is presented below:
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Balance as of 01 January (27,200) -
Release of allow ance 20,000 -
Utilisation of the allow ance for w rite-offs 6,390 -
Amount accrued at year end (22,284) (27,200)
Provision for doubtful accounts advances, total (23,094) (27,200)
MOVEMENTS IN THE PROVISION FOR DOUBTFUL ACCOUNTS, ADVANCES
The release of a prior year provision is due to the unexpected repayment of a project advance that had been
put under moratorium in 2014.
7. OTHER CURRENT ASSETS
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Advances to suppliers 21,407 -
Prepaid expenses 207,142 149,135
Deposit on leases 15,525 16,028
Other current assets, total 244,074 165,163
OTHER CURRENT ASSETS
29 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Other current assets are mostly related to advance payments of operating costs, including pension costs,
rent, licences and membership fees.
“Advances to suppliers” was reclassified here from “debtors”.
8. TANGIBLE AND INTANGIBLE FIXED ASSETS
all amounts are stated in Euros
Software Licences Equipment Furniture Total
ACQUISITION COST
Balance at 01 January 2015 97,047 61,104 667,903 15,087 841,141
Additions 4,321 20,157 147,170 1,881 173,529
Disposals - (18,063) (23,179) - (41,242)
Reclassif ied in the year 40,580 (40,580) - - -
Balance at 31 December 2015 141,948 22,618 791,894 16,968 973,428
DEPRECIATION
Balance at 01 January 2015 97,047 22,056 509,480 4,245 632,828
Depreciation for the year 14,361 8,783 98,751 1,471 123,366
Disposals - (5,590) (23,179) - (28,769)
Reclassif ied in the year 4,509 (4,509) - - -
Balance at 31 December 2015 115,917 20,740 585,052 5,716 727,425
BOOK VALUE
Balance at 01 January 2015 - 39,048 158,422 10,843 208,313
Balance at 31 December 2015 26,031 1,878 206,842 11,252 246,003
MOVEMENTS IN NON-CURRENT ASSETS
Tangible AssetsIntangible Assets
The significant increase in equipment relates to the purchase of 85 new laptops to replace obsolete ones.
9. FINANCIAL ASSETS
Investments of €2,500 relate to a 10% stake in the International Civil Society Centre (ICSC), a global learning
and exchange platform for international civil society organisations. These were purchased at their nominal
value in 2009, but only €1,250 has been paid to date. The outstanding amount due of €1,250 is shown as
“other non-current liabilities”.
“Other financial assets” relate to security bank deposits for office space in Berlin. The total amount of security
deposits is €85,161 including interest of €2,746 at 31 December 2015.
30 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
10. LIABILITIES TO PROJECT PARTNERS
Liabilities to project partners relate to balances due for ongoing and completed projects. The closing balance
of €422,912 increased compared to prior year (when it was €114,961) due to the change in estimating
expenditure at partner level (see note 1.m.2) which now includes interim periodic reports.
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Coalition partners
Europe and Central Asia 194,600 10,390
Americas 14,545 2,247
Sub-Saharan Africa 18,601 23,938
Middle-East and North Africa 13,295 3,099
Asia-Pacif ic 6,956 23,467
Coalition partners, total 247,997 63,141
Other project partners 174,914 51,820
Liabilities to partners, total 422,911 114,961
LIABILITIES TO PARTNERS BY REGION
11. LIABILITIES TO SUPPLIERS
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Liabilities to suppliers 348,481 294,693
Year-end accruals 197,791 -
Liabilities to suppliers, total 546,272 294,693
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Honoraria 272,770 201,972
Travel 41,824 43,789
Utitlies 9,134 28,082
Other 24,753 20,850
Liabilities to suppliers, total 348,481 294,693
LIABILITIES TO SUPPLIERS
LIABILITIES TO SUPPLIERS
The total amount increased this year because the balance is presented including year-end accruals for
invoices to be received in early 2016, which was previously disclosed under “other current liabilities”.
31 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
12. OTHER CURRENT LIABILITIES
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Liabilities to staff
Travel reimbursements 15,280 40,889
Performance-related compensation - 210,000
Vacation entitlements 229,630 261,856
Additional leave entitlements 7,719 12,315
Salary 224 -
Liabilities to staff, total 252,853 525,060
Liabilities to other parties
to Fiscal Authorities for VAT 71,107 71,914
to Board Members 10,031 18,732
to Donors for interest on deferred income 8,850 12,193
Other 193 13,350
Liabilities to other parties, total 90,181 116,189
Other accruals - 160,799
Other current liabilities, total 343,034 802,048
OTHER CURRENT LIABILITIES
Performance-related compensation was paid earlier than in prior years, in December 2015. “Other accruals”
included accruals for invoices to be received at year-end; it has been reclassified under “liabilities to suppliers”
as of 31 December 2015.
13. DEFERRED INCOME, CURRENT
“Deferred income” (formerly the sum of: “liabilities to donors” and “donor funding received in advance”)
represents restricted and unrestricted funding received but not yet recognised as income. Part of the funds
have been advanced to partners as disclosed in “advances to project partners” (note 6).
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies 3,284,013 5,961,722
Multilateral institutions 1,673,168 4,092,740
Foundations and trusts 1,267,164 1,128,709
Corporate donors 787,877 7,141
Coalition partners - 446
Others 18,315 13,500
Deferrred income, total 7,030,537 11,204,258
DEFERRED INCOME BY ENTITY TYPE
32 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Unrestricted deferred income 1,738,844 495,000
Restricted deferred income 5,291,693 10,709,258
Deferred income, total 7,030,537 11,204,258
DEFERRED INCOME BY CLASS
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies
Department for International Development (DfID) United Kingdom 1,738,844 495,000
Unrestricted deferred income, total 1,738,844 495,000
UNRESTRICTED DEFERRED INCOME
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies
Bundesministerium für Umw elt, Naturschutz, Bau und
Reaktorsicherheit (BMUB) Germany 272,365 111,104
Department for International Development (DfID) United Kingdom 245,254 293,022
Ministry of Foreign Affairs and Trade New Zealand 132,984 259,133
Irish Aid Ireland 130,000 200,000
Bundesministerium für w irtschaftliche Zusammenarbeit und
Entw icklung (BMZ) Germany 106,764 3,072
Gesellschaft für internationale Zusammenarbeit (GIZ) Germany 102,667 413,349
Norw egian Agency for Development Cooperation (NORAD) Norw ay 91,606 391,102
SPF Affaires étrangères, Commerce extérieur et Coopération au
Développement Belgium 78,300 -
Department of Foreign Affairs and Trade (DFAT) Australia 77,234 2,359,424
Ministry of Foreign Affairs Estonia 73,395 63,772
Ministere des Affaires étrangères et du Développement
international France 50,000 -
U.S. Department of State United States 48,169 -
Ausw ärtiges Amt Germany 48,116 -
Sw edish International Development Cooperation Agency (SIDA) Sw eden 30,880 1,200,964
Ministry for Foreign Affairs Finland 28,880 100,000
Ministry of Foreign Affairs Norw ay 21,110 -
Independent Commission Against Corruption (ICAC) China 4,356 -
Foreign & Commonw ealth Office (FCO) United Kingdom 3,089 35,760
St Maarten Sint Maarten - 22,052
Ministry of the Interior and Kingdom Relations Netherlands - 13,968
Government agencies, total 1,545,169 5,466,722
RESTRICTED DEFERRED INCOME
33 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Multilateral institutions
European Commission 1,575,556 4,005,676
United Nations Office for Project Services (UNOPS) 51,209 -
United Nations Development Programme (UNDP) 39,403 85,868
European Bank for Reconstruction and Development (EBRD) 7,000 -
United Nations Office on Drugs and Crime (UNODC) - 1,200
The United Nations Democracy Fund (UNDEF) - (4)
Multilateral institutions, total 1,673,168 4,092,740
Foundations and trusts
William and Flora Hew lett Foundation 425,481 573,612
Foundation Open Society Institute (FOSI) 254,659 171,064
Stichting Adessium 247,310 138,974
Wellspring Advisors, LLC 125,208 -
Omidyar Netw ork Fund, Inc. 112,474 -
Open Society Initiative for West Africa (OSIWA) 92,883 -
Research Trust of Victoria University of Wellington 5,874 -
Seattle International Foundation 3,275 -
National Endow ment for Democracy (NED) - 181,639
Sigrid Rausing Trust - 44,018
The Tony Elumelu Foundation - 19,402
Foundations and trusts, total 1,267,164 1,128,709
Corporate donors
Siemens AG (Siemen’s Integrity Fund) 400,506 -
Ernst & Young, LLP 350,000 -
Warburg Pincus, LLC 12,731 7,141
Pricew aterhouseCoopers, LLP 7,000 -
SGS AG 7,000 -
Stora Enso Oyj 7,000 -
Sanlam Life Insurance Limited 3,640 -
Corporate donors, total 787,877 7,141
Coalition partners
Transparency International Deutschland e.V - 446
Coalition partners, total - 446
Other (research institutes, other NGOs, other)
Center for International Policy 14,451 13,500
Results for Development Institute 3,864 -
Other (research institutes, other NGOs, other), total 18,315 13,500
Restricted deferred income, total 5,291,693 10,709,258
RESTRICTED DEFERRED INCOME
34 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
14. DEFERRED INCOME, NON CURRENT
The non-current portion of deferred income includes funds formerly identified as “endowment funds”. Contract
provisions did not allow disposal of the principal of the funds until 2015, when this limitation was lifted. The
Board is currently defining the way to employ these amounts; it is clear though that they will be used to ensure
the long-term sustainability of the movement rather than to finance its day-to-day operations: as such, they
are classified as non-current.
15. PROVISIONS
On 12 December 2015, the Board adopted a set of resolutions relating to an organisational transformation
plan for the Secretariat. The plan is the result of an organisational review conducted in the summer of 2015
by an external consultant at the request of the Board. As noted in 1.j above, the plan constitutes an entity
restructuring and, as required by IAS 37, TI-S created a provision for costs not relating to the ordinary course
of business, for which management has a constructive obligation as of 31 December 2015 and can be reliably
estimated. The provision includes an accrual for the hiring of an Interim HR Director, a Strategic Adviser and
a Change Manager; additionally, it provides for expected legal costs and severance payments.
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Organisational transformation 781,052 -
Other provisions 50,639 -
Provisions, total 831,691 -
PROVISIONS
Other provisions include €19,685 for the legal and other costs associated with the ongoing court proceedings
at the Berlin Labour Court to seek clarity about the nature of TI-S as an organisation in relation to the Works
Constitution Act. In addition, they include €30,954 claimed back by a donor on two projects, which are still
pending.
16. RESERVES
Reserves include two designated funds:
Special fund: the fund is earmarked to support the organisational realignment with the Strategy
Network reserve: established to support Coalition Partners in emergency situations or facing
governance challenges.
35 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
17. OPERATING INCOME
Operating income in 2015 increased by €247,905 or 0.92%. The tables below present operating income by
funding entity and type.
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Unrestricted income 7,778,135 7,556,694
Restricted income 19,098,929 19,151,059
Restricted and unrestricted income, total 19,098,929 19,151,059
Other income 220,935 142,341
Operating income, total 19,319,864 19,293,400
OPERATING INCOME
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies 18,169,086 22,562,191
Multilateral institutions 5,558,154 1,787,426
Foundations and trusts 1,753,988 1,134,546
Corporate donors 1,036,393 585,033
Individual donors 45,740 351,631
Coalition partners 34,265 22,363
Others (e.g. research institutes, NGOs) 279,438 264,563
Restricted and unrestricted income, total 26,877,064 26,707,753
RESTRICTED AND UNRESTRICTED INCOME BY FUNDING ENTITY
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Grants 26,240,971 25,895,439
Private donations 45,740 351,369
Charitable activities 590,353 460,945
Restricted and unrestricted income, total 26,877,064 26,707,753
RESTRICTED AND UNRESTRICTED INCOME BY TYPE
Income from private individual donations is unrestricted, with the exception of €7,374 which was donated
specifically to fund the Unmask the Corrupt campaign; all income from charitable activities is restricted.
36 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
17.a Unrestricted income
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies
Department for International Development (DfID) United Kindgom 3,533,315 2,769,226
Ministry of Foreign Affairs Netherlands 1,200,000 1,200,000
Sw edish International Development Cooperation Agency (SIDA) Sw eden 1,064,077 1,083,510
Ministry for Foreign Affairs Finland 800,000 1,000,000
Sw iss Agency for Development and Cooperation (SDC) Sw itzerland 569,855 543,986
Royal Danish Ministry of Foreign Affairs (Danida) Denmark 332,850 333,027
Irish Aid Ireland 200,000 200,000
Government agencies, total 7,700,097 7,129,749
Foundations and trusts
Pestalozzi Foundation 5,000 20,000
Fondation Pierre Pfister 240 4,576
Foundations and trusts, total 5,240 24,576
Corporate donors
Shell International B.V. 25,000 -
The Hershey Company 6,432 -
Ernst & Young GmbH 3,000 -
Kohlberg Kravis Roberts & Co. - 50,000
Copenhagen Business School - 1,000
Corporate donors, total 34,432 51,000
Individual donors
Johann Peter Jessen 3,000 2,260
Soren Fabian Heupel 2,925 -
Detleve Elsner 2,000 2,500
Patrick Kinsch 2,000 1,500
Gregory Thomas 1,513 -
Giovanna Longo 1,500 1,500
Rolf Hellenbrand 1,500 -
Johannes Wery 1,000 1,000
Dorothy Parker Maloff - 320,370
Linus Boman - 1,750
Henrik Bendix - 1,050
Other (less than Euro 1,000 each) 22,928 19,439
Individual donors, total 38,366 351,369
Unrestricted income, total 7,778,135 7,556,694
UNRESTRICTED INCOME
37 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
17.b Restricted income
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Government agencies
Department of Foreign Affairs and Trade (DFAT) Australia 2,674,151 4,332,245
Sw edish International Development Cooperation Agency (SIDA) Sw eden 1,690,364 2,901,540
Department for International Development (DFID) United Kindgom
Project: TI-UK Defence and Security Programme 959,443 870,307
Project: Vietnam 415,738 435,232
Project: Global Corruption Barometer - 33,668
Norw egian Agency for Development Cooperation (NORAD) Norw ay 985,190 1,083,037
Bundesministerium für w irtschaftliche Zusammenarbeit und
Entw icklung (BMZ) Germany 1,240,867 1,106,546
Gesellschaft für internationale Zusammenarbeit (GIZ) Germany 445,182 136,116
Ausw ärtiges Amt Germany 428,986 170,359
Bundesministerium für Umw elt, Naturschutz, Bau und
Reaktorsicherheit (BMUB) Germany
339,013 1,714,455
Malaysian Anti-Corruption Commission Malaysia 325,000 -
Ministry of Foreign Affairs and Trade New Zealand 296,053 916,189
Ministry for Foreign Affairs Finland 171,120 50,000
Irish Aid Ireland 170,000 100,000
U.S. Department of State United States 134,743 -
Foreign & Commonw ealth Office (FCO) United Kindgom 53,176 644,226
Government of the Islamic Republic of Mauritania Mauritania 46,868 94
Ministry of Foreign Affairs Estonia 30,378 41,064
St. Maarten Sint Maarten 22,052 188,919
Anti-Corruption Commission of Bhutan Bhutan 20,000 -
Ministry of Foreign Affairs Netherlands 13,968 -
Independent Commission Against Corruption (ICAC) China 6,697 -
Ministère des Affaires étrangères et europeennes France - 300,000
Government of Tunisia Tunisia - 253,878
Sw iss Agency for Development and Cooperation (SDC) Sw itzerland - 136,455
Ministry of the Interior and Kingdom Relations Netherlands - 18,112
Government agencies, total 10,468,989 15,432,442
Multilateral institutions
European Commission 5,075,454 1,387,022
United Nations Development Programme (UNDP) 347,613 160,886
Financial Mechanism Office (FMO) 75,849 182,358
Inter-American Development Bank (IDB) 27,251 -
United Nations Office for Project Services (UNOPS) 18,942 -
United Nations Office on Drugs and Crime (UNODC) 13,045 10,589
The United Nations Democracy Fund (UNDEF) - 38,788
European Bank for Reconstruction and Development (EBRD) - 7,783
Multilateral institutions, total 5,558,154 1,787,426
Foundations and trusts
William and Flora Hew lett Foundation 591,865 137,427
National Endow ment for Democracy (NED) 448,567 647,103
Omidyar Netw ork Fund, Inc. 172,164 -
RESTRICTED INCOME
38 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Foundation Open Society Institute (FOSI) 162,289 147,175
Stichting Adessium 141,664 11,026
Wellspring Advisors, LLC 128,271 -
Sigrid Rausing Trust 44,018 17,976
Seattle International Foundation 20,032 -
The Tony Elumelu Foundation 19,402 26
Open Society Initiative for West Africa (OSIWA) 11,350 -
Research Trust of Victoria University of Wellington 9,126 -
OSI Development Foundation - 142,368
The Christensen Fund - 6,869
Foundations and trusts, total 1,748,748 1,109,970
Corporate donors
Siemens AG (Siemen’s Integrity Fund) 623,498 -
Ernst & Young, LLP 228,232 264,676
Pricew aterhouseCoopers AG 111,000 -
Shell International B.V. 25,000 -
Norsk Hydro 7,000 7,000
Warburg Pincus, LLC 3,871 46
Sanlam Life Insurance Limited 3,360 14,000
ENI S.p.A. - 100,000
Kohlberg Kravis Roberts & Co. - 50,000
DFL Deutsche Fußball Liga GmbH - 34,194
SGS AG - 14,000
Fundacion Ceddet - 9,600
Pricew aterhouseCoopers, LLP - 7,000
BP International - 7,000
HSBC Holdings plc. 7,000
Stora Enso Oyj - 7,000
International Federation of Inspection Agencies - 5,336
Rio Tinto Ltd. - 3,598
Aseguradora Fidelis - 3,583
Corporate donors, total 1,001,961 534,033
Coalition partners
Transparency International Schw eiz 6,411 -
Transparency International Greenland 6,117 -
Transparency International UK 5,879 -
Transparency International Netherlands 5,501 -
Transparency International Sw eden 5,272 -
Transparency International Belgium 5,085 -
Transparency International Deutschland e.V. - 4,124
TI Liaison Office to the European Union - 18,239
Coalition partners, total 34,265 22,363
RESTRICTED INCOME
39 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Individual donors
Other individuals 7,374 262
Individual donors, total 7,374 262
Other (research institutes, other NGOs, other)
Christian Michelsen Institute (CMI) 134,534 155,752
Center for International Policy 132,975 62,875
Universidad Rey Juan Carlos 7,441 -
Results for Development Institute 4,488 -
Association of European Professional Football Leagues (EPFL) - 28,847
CAFOD - 2,587
Action Aid - 2,531
Sightsavers - 2,525
Oxfam - 2,523
British Red Cross - 2,522
Bond - 1,277
Worldvision International - 1,255
HelpAge International - 1,235
Conciliation Resources - 634
Other (research institutes, other NGOs, other), total 279,438 264,563
Restricted income, total 19,098,929 19,151,059
RESTRICTED INCOME
A reconciliation of the income recognised against the cash received by funding entity is presented in Annex
1 to these financial statements. A reconciliation of income recognised against expenditure incurred by funding
entity and project is presented in Annex 2 to these financial statements.
17.c Other income
31-Dec-15 31-Dec-14
all amounts are stated in Euros
IACC fees 90,000 -
Maternity leave reimbursments 42,307 21,012
Travel expense reimbursements 37,933 81,498
Speakers' fees 960 513
Publications - 1,224
Other 49,735 38,094
Other income, total 220,935 142,341
OTHER INCOME
The income from IACC fees represents only the share of fees attributed to TI-S. Additional detailed
disclosure on the financial results of the 16th IACC will be provided on their website.
40 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
18. RELATED PARTY TRANSACTIONS
IAS 24:9 notes that a related party is a person or entity that:
Has control or joint control of the reporting entity;
Has a significant influence over the reporting entity; or
Is a member of the key management personnel of the reporting entity or of a parent of the reporting entity.
Members of the Board of Directors and Executive Directors of the Secretariat constitute the key management
personnel of the organisation as of 31 December 2015 and are therefore considered to be related parties.
The Board of Directors do not receive any remuneration from TI-S; however, they received reimbursements
in 2015 totalling €37,420 (in 2014: €77,115).
Until early December 2015, a group of six senior directors (the Management Group) were in charge of key
managerial decisions pertaining to the Secretariat. Management Group members are employed by the entity
and received salaries totalling €860,542 (in 2014: €870,662), excluding pension contributions of €47,500 (in
2014: €47,500) and reimbursements of €9,968 (in 2014: €14,708). Following the recommendations of the
organisational review perfomed in 2015 (additional disclosure to this regard is given at notes 1.j and 15), the
Management Group ceased to exist and key managerial decisions are now taken by two executive directors,
i.e. the Managing Director and the Deputy Managing Director. Both were formerly members of the
Management Group and they received salaries totalling €321,186 (in 2014: €336,883). This excludes pension
contributions of €17,500 (in 2014: €17,500) and reimbursements of €3,769 (in 2014 : €5,482).
Although TI-S does not have any direct equity interest in TI-EU, the current arrangements between the entities
are characterised by several qualitative factors constituting significant influence per IAS 28:6. These include
participation of TI-S in TI-EU’s policy-making processes, material transactions between the two entities and
interchange of managerial personnel. Current arrangements will be reassessed in 2016, which could lead to
a change in the nature of the relationship between TI-S and TI-EU. During 2015, the transactions between
the two entities were as follows:
TI-S supported TI-EU activities with an operational grant of €120,000 or 12.5% of its total income of €960,359. The grant was paid in arrears in early 2016, and is currently shown as a liability to TI-EU.
TI-S and TI-EU partnered on several projects. Total expenditure relating to jointly implemented projects was €184,389 in 2015, with unspent advances from TI-S to TI-EU of €20,386 and project funds to be paid in arrears by TI-S to TI-EU of €23,768.
Partners, including National Chapters, National Chapters in Formation and Contact groups, are legally and
financially independent organisations registered in their countries. As such, the Secretariat cannot exert
control or significantly influence them and no partner has, by itself, control or significant influence on the
Secretariat.
19. PERSONNEL EXPENSES
Personnel expenses include salaries, wage tax and social security contributions for all staff, as well as
contributions to an individual pension plan for directors.
41 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Salaries 8,190,441 8,804,000
Social contributions 1,376,754 1,445,104
Other benefit plans 125,417 113,750
Other personnel costs 319,243 -
Personnel expenses, total 10,011,855 10,362,854
PERSONNEL EXPENSES
The pension plan is a defined contribution plan administered by Allianz SE. Contributions are made in favour
of the Managing Director (€10,000), Group Directors (5 individuals, €7,500 each) and Directors (16
individuals, €5,000 each).
In 2015 TI-S employed an average of 162 employees (180 in 2014) of which 21 were part-time (20 in 2014).
In addition, the organisation benefited from the support of 5 interns throughout the year.
“Other personnel costs” (formerly “other personnel and recruitment costs”), including administrative
expenditure and some in-kind benefits for staff, have been reclassified here from “other expenses” (note 21).
20. PARTNER SUPPORT
This includes all support given directly to project partners, either through grants or through direct
reimbursement of expenses borne by the coalition partner. These amounts do not include expenditure paid
to other third parties (e.g. consultants), whose activities might have nevertheless benefited the partner.
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Support through grants 10,770,361 9,379,879
Other direct support 174,164 1,507,520
Partner support, total 10,944,525 10,887,399
PARTNER SUPPORT
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Coalition partners
Europe and Central Asia 4,368,473 2,755,821
Americas 431,172 1,202,460
Sub-Saharan Africa 1,274,074 679,865
Middle-East and North Africa 1,290,726 1,414,706
Asia-Pacif ic 2,423,610 4,290,683
Coalition partners, total 9,788,056 10,343,535
Other project partners 1,156,469 543,864
Partner support, total 10,944,525 10,887,399
PARTNER SUPPORT
42 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
Annex 3 to these financial statements includes a detailed breakdown by coalition partner of the expenditure
supported by the Secretariat.
21. OTHER EXPENSES
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Travel expenses 1,499,247 1,559,523
Honoraria 1,545,429 1,839,035
Surveys 565,988 160,000
Maintenance, rent and leasing costs 559,658 563,232
Miscellaneous expenses 466,181 246,899
Publications and communications 440,016 374,544
Audits, Legal & advisory costs 327,971 173,599
Translations 61,489 165,835
Meetings and w orkshops 162,805 78,948
Office supplies 23,223 30,311
Other Personnel and recruitment costs - 149,143
Other expenses, total 5,652,007 5,341,069
OTHER EXPENSES
“Other personnel and recruitment costs” have been reclassified within “personnel expenses”.
22. SUPPORT COSTS
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Support costs 3,252,231 3,716,678
Total organisational expenditure 26,731,753 26,714,222
Support costs as % of total expenditure 12% 14%
SUPPORT COST
23. COMMITMENTS AND CONTINGENCIES
TI-S has commitments related to non-cancellable operating leases for buildings and office equipment. Total
future minimum operating lease payments are as follows:
43 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
rent equipment rent equipment
all amounts are stated in Euros
w ithin 1 year 324,648 11,231 325,178 17,464
betw een 2-5 years 162,422 2,499 487,070 13,729
more than 5 years - - - -
Commitments, total 487,070 13,730 812,248 31,193
31-Dec-15 31-Dec-14
MINIMUM LEASE PAYMENTS
No contingent assets or liabilities to be disclosed in compliance with IAS 37 have been identified.
24. FINANCIAL RESULT
31-Dec-15 31-Dec-14
all amounts are stated in Euros
Interest
Interest income 21,492 10,951
Interest cost (496) (1,249)
Interest cost or income, net 20,996 9,702
Currency translation
Realised gains on foreign exchange translation 15,067 5,814
Realised losses on foreign exchange translation (41,794) (27,185)
Unrealised gains and losses on foreign exchange translation (76,074) 37,558
Gain or loss on currency translation, net (102,801) 16,187
Financial result, net (81,805) 25,889
FINANCIAL RESULT
25. SUBSEQUENT EVENTS
No event occurred between 31 December 2015 and the date of approval of these financial statements that,
due to its significance and nature, required to be disclosed as a subsequent event as per the provisions of
IAS 10.
45
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 1
-D
on
or
fun
din
g s
ch
ed
ule
Annex 1
- p
age 1
B
Donor
nam
eA
ccru
ed
Defe
rred
Restr
icte
dU
nre
str
icte
dA
ccru
ed
Defe
rred
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Go
ve
rn
me
nt
ag
en
cie
s
Anti-C
orr
uption C
om
mis
sio
n o
f B
huta
n
Bhuta
n16,0
00
(20,0
00)
(4,0
00)
(4,0
00)
Ausw
ärt
iges A
mt
Germ
any
477,1
02
(428,9
86)
48,1
16
48,1
16
Bundesm
inis
terium
für
Um
welt, N
atu
rschutz
, B
au u
nd
Reakto
rsic
herh
eit (
BM
UB
) G
erm
any
111,1
04
500,2
74
(339,0
13)
272,3
65
272,3
65
Bundesm
inis
terium
für
wirts
chaft
liche
Zusam
menarb
eit u
nd E
ntw
icklu
ng (
BM
Z)
Germ
any
3,0
72
1,3
44,5
59
(1,2
40,8
67)
106,7
64
106,7
64
Depart
ment fo
r In
tern
ational D
evelo
pm
ent (D
FID
) U
K(2
07,0
01)
788,0
23
6,3
11,5
72
(1,3
75,1
81)
(3,5
33,3
15)
1,9
84,0
98
1,9
84,0
98
Depart
ment of
Fore
ign A
ffairs a
nd T
rade (
DFA
T)
Austr
alia
2,3
59,4
24
391,9
61
(2,6
74,1
51)
77,2
34
77,2
34
Fore
ign &
Com
monw
ealth O
ffic
e (
FC
O)
UK
(103,1
60)
35,7
60
93,7
15
(53,1
76)
(26,8
61)
(29,9
50)
3,0
89
Gesells
chaft
für
inte
rnationale
Zusam
menarb
eit (
GIZ
) G
erm
any
413,3
49
134,5
00
(445,1
82)
102,6
67
102,6
67
Govern
ment of
the Isla
mic
Republic
of
Maurita
nia
M
aurita
nia
(94)
46,9
62
(46,8
68)
-
-
Independent C
om
mis
sio
n A
gain
st C
orr
uption (
ICA
C)
Chin
a11,0
53
(6,6
97)
4,3
56
4,3
56
Irish A
id
Irela
nd
200,0
00
300,0
00
(170,0
00)
(200,0
00)
130,0
00
130,0
00
Mala
ysia
n A
nti-C
orr
uption C
om
mis
sio
n
Mala
ysia
325,0
00
(325,0
00)
Min
istè
re d
es A
ffaires é
trangère
s e
t euro
peennes
Fra
nce
50,0
00
50,0
00
50,0
00
Min
istr
y f
or
Fore
ign A
ffairs
Fin
land
100,0
00
900,0
00
(171,1
20)
(800,0
00)
28,8
80
28,8
80
Min
istr
y o
f Fore
ign A
ffairs
Esto
nia
63,7
72
40,0
01
(30,3
78)
73,3
95
73,3
95
Min
istr
y o
f Fore
ign A
ffairs
Neth
erlands
(240,0
00)
1,4
40,0
00
(1,2
00,0
00)
Min
istr
y o
f Fore
ign A
ffairs
Norw
ay
21,1
10
21,1
10
21,1
10
This
schedule
sum
marises
the
movem
ents
of
fundin
gby
Donor.
Atth
ebegin
nin
gof
the
year
TI-S
had
either
unused
resourc
es
(defe
rred
incom
e)
from
contr
ibuto
rsor
had
advanced
its
ow
n
resourc
es
on
donor-
funded
pro
jects
(accru
ed
incom
e),
on
the
expecta
tion
of
afu
ture
receip
t.D
uring
the
year,
TI-S
receiv
ed
additio
nalfinancia
lre
sourc
es
(cash
receiv
ed/r
epaid
).The
sum
of
initia
lbala
nces
and
resourc
es
receiv
ed
constitu
tes
the
tota
lavaila
ble
resourc
es
for
the
year.
These
were
em
plo
yed
inth
eperf
orm
ance
of
activitie
s,and,
as
such,
recognis
ed
as
incom
e.A
t
year-
end,if
the
diffe
rence
betw
een
availa
ble
resourc
es
and
incom
ere
cognis
ed
constitu
ted
the
finalbala
nce
with
the
donor,
expre
ssed
as
defe
rred
incom
e(r
esourc
es
receiv
ed
inexcess
of
activitie
s p
erf
orm
ed)
or
accru
ed incom
e.
This
annex r
olls
forw
ard
donor
bala
nces a
nd s
how
actu
al cash f
low
s b
y d
onor
in the y
ear.
A
Funds a
vaila
ble
at 01-J
an
of
whic
h:
Cash r
eceiv
ed/
(paid
) during
the y
ear
Clo
sin
g
bala
nce
D =
A +
B +
C
Incom
e r
ecognis
ed
C
46
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 1
-D
on
or f
un
din
g s
ch
ed
ule
Annex 1
- p
age 2
B
Donor
nam
eA
ccru
ed
Defe
rred
Restr
icte
dU
nre
str
icte
dA
ccru
ed
Defe
rred
Min
istr
y o
f Fore
ign A
ffairs a
nd T
rade
New
Zeala
nd
259,1
33
169,9
04
(296,0
53)
132,9
84
132,9
84
Min
istr
y o
f In
terior
and K
ingdom
Rela
tions
Neth
erlands
13,9
68
(13,9
68)
Norw
egia
n A
gency f
or
Develo
pm
ent C
oopera
tion
(NO
RA
D)
Norw
ay
391,1
02
685,6
94
(985,1
90)
91,6
06
91,6
06
Royal D
anis
h M
inis
try o
f Fore
ign A
ffairs (
Danid
a)
Denm
ark
332,8
50
(332,8
50)
SPF A
ffaires é
trangère
s, C
om
merc
e e
xté
rieur
et
Coopéra
tion a
u D
évelo
ppem
ent
Belg
ium
78,3
00
78,3
00
78,3
00
St. M
aart
en
Sin
t M
aart
en
22,0
52
(22,0
52)
Sw
edis
h Inte
rnational D
evelo
pm
ent C
oopera
tion
Agency (
SID
A)
Sw
eden
1,2
00,9
64
1,5
84,3
57
(1,6
90,3
64)
(1,0
64,0
77)
30,8
80
30,8
80
Sw
iss A
gency f
or
Develo
pm
ent and C
oopera
tion
(SD
C)
Sw
itzerland
569,8
55
(569,8
55)
U.S
. A
gency f
or
Inte
rnational D
evelo
pm
ent (U
SA
ID)
US
A(1
5,9
89)
(15,9
89)
(15,9
89)
U.S
. D
epart
ment of
Sta
te
US
A135,0
62
(134,7
43)
319
(47,8
50)
48,1
69
Govern
ment agencie
s, to
tal
(566,2
44)
5,9
61,7
23
15,9
59,8
31
(10,4
68,9
89)
(7,7
00,0
97)
3,1
86,2
24
(97,7
89)
3,2
84,0
13
Mu
ltilate
ral in
sti
tuti
on
s
Euro
pean B
ank f
or
Reconstr
uction a
nd D
evelo
pm
ent
(EB
RD
) (7
,000)
7,0
00
Euro
pean C
om
mis
sio
n
(21,8
27)
4,0
05,6
76
2,2
71,7
24
(5,0
75,4
54)
1,1
80,1
19
(395,4
37)
1,5
75,5
56
Fin
ancia
l M
echanis
m O
ffic
e (
FM
O)
(42,6
89)
100,0
00
(75,8
49)
(18,5
38)
(18,5
38)
Inte
r-A
merican D
evelo
pm
ent B
ank (
IDB
) 27,2
51
(27,2
51)
The U
nited N
ations D
em
ocra
cy F
und (
UN
DEF)
(4)
4
United N
ations D
evelo
pm
ent Pro
gra
mm
e (
UN
DP)
(8,4
46)
85,8
68
147,8
73
(347,6
13)
(122,3
18)
(161,7
21)
39,4
03
United N
ations O
ffic
e f
or
Pro
ject S
erv
ices (
UN
OPS
) 70,1
51
(18,9
42)
51,2
09
51,2
09
United N
ations O
ffic
e o
n D
rugs a
nd C
rim
e (
UN
OD
C)
(4,4
48)
1,2
00
16,2
93
(13,0
45)
Multila
tera
l in
stitu
tions, to
tal
(77,4
10)
4,0
92,7
40
2,6
33,2
96
(5,5
58,1
54)
-
1,0
90,4
72
(582,6
96)
1,6
73,1
68
Fo
un
dati
on
s a
nd
tru
sts
Foundation O
pen S
ocie
ty Institu
te (
FO
SI)
159,8
75
257,0
73
(162,2
89)
254,6
59
254,6
59
Foundation P
ierr
e P
fiste
r 240
(240)
Cash r
eceiv
ed/
(paid
) during
the y
ear
Clo
sin
g
bala
nce
of
whic
h:
Incom
e r
ecognis
ed
CA
D =
A +
B +
C
Funds a
vaila
ble
at 01-J
an
47
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 1
-D
on
or f
un
din
g s
ch
ed
ule
Annex 1
- p
age 3
B
Donor
nam
eA
ccru
ed
Defe
rred
Restr
icte
dU
nre
str
icte
dA
ccru
ed
Defe
rred
National Endow
ment fo
r D
em
ocra
cy (
NED
) 181,6
39
266,9
28
(448,5
67)
Om
idyar
Netw
ork
Fund, In
c.
284,6
38
(172,1
64)
112,4
74
112,4
74
Open S
ocie
ty Initia
tive f
or
West A
fric
a (
OS
IWA
) 11,1
88
93,0
45
(11,3
50)
92,8
83
92,8
83
Pesta
lozzi Foundation
5,0
00
(5,0
00)
Researc
h T
rust of
Vic
toria U
niv
ers
ity o
f W
ellingto
n
15,0
00
(9,1
26)
5,8
74
5,8
74
Seattle
Inte
rnational Foundation
23,3
07
(20,0
32)
3,2
75
3,2
75
Sig
rid R
ausin
g T
rust
44,0
18
(44,0
18)
Stichting A
dessiu
m
138,9
74
250,0
00
(141,6
64)
247,3
10
247,3
10
The T
ony E
lum
elu
Foundation
19,4
02
(19,4
02)
Wells
pring A
dvis
ors
, LLC
└
253,4
79
(128,2
71)
125,2
08
125,2
08
Willia
m a
nd F
lora
Hew
lett F
oundation
573,6
12
443,7
34
(591,8
65)
425,4
81
425,4
81
Foundations a
nd tru
sts
, to
tal
-
1,3
82,1
87
1,6
38,9
65
(1,7
48,7
48)
(5,2
40)
1,2
67,1
64
-
1,2
67,1
64
Co
rp
orate
do
no
rs
BP Inte
rnational
(7,0
00)
7,0
00
Ern
st &
Young, LLP
(71,7
68)
303,0
00
(228,2
32)
(3,0
00)
(350,0
00)
350,0
00
The H
ers
hey C
o.
6,4
32
(6,4
32)
Nors
k H
ydro
7,0
00
(7,0
00)
Pricew
ate
rhouseC
oopers
AG
(*
) (1
11,0
00)
Pricew
ate
rhouseC
oopers
, LLP
(14,0
00)
14,0
00
(7,0
00)
7,0
00
Sanla
m L
ife Insura
nce L
imited
7,0
00
(3,3
60)
3,6
40
3,6
40
SG
S A
G
7,0
00
7,0
00
7,0
00
Shell
Inte
rnational B
.V.
50,0
00
(25,0
00)
(25,0
00)
Sie
mens A
G
1,0
24,0
04
(623,4
98)
400,5
06
400,5
06
Sto
ra E
nso O
yj
7,0
00
7,0
00
7,0
00
Warb
urg
Pin
cus, LLC
7,1
41
9,4
61
(3,8
71)
12,7
31
12,7
31
Corp
ora
te d
onors
, to
tal
(92,7
68)
7,1
41
1,4
34,8
97
(1,0
01,9
61)
(27,4
32)
430,8
77
(357,0
00)
787,8
77
Cash r
eceiv
ed/
(paid
) during
the y
ear
AD
= A
+ B
+ C
Funds a
vaila
ble
at 01-J
an
Clo
sin
g
bala
nce
of
whic
h:
Incom
e r
ecognis
ed
C
48
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 1
-D
on
or f
un
din
g s
ch
ed
ule
Annex 1
- p
age 4
B
Donor
nam
eA
ccru
ed
Defe
rred
Restr
icte
dU
nre
str
icte
dA
ccru
ed
Defe
rred
Co
aliti
on
partn
ers
Tra
nspare
ncy Inte
rnational B
elg
ium
5,0
85
(5,0
85)
Tra
nspare
ncy Inte
rnational D
etu
schla
nd e
.V.
446
(446)
Tra
nspare
ncy Inte
rnational G
reenla
nd
6,1
17
(6,1
17)
Tra
nspare
ncy Inte
rnational N
eth
erlands
5,5
01
(5,5
01)
Tra
nspare
ncy Inte
rnational S
chw
eiz
6,4
11
(6,4
11)
Tra
nspare
ncy Inte
rnational S
weden
5,2
72
(5,2
72)
Tra
nspare
ncy Inte
rnational U
K
5,8
79
(5,8
79)
Coalit
ion p
art
ners
, to
tal
-
446
33,8
19
(34,2
65)
-
-
-
-
Oth
ers
(e
.g. re
se
arch
in
sti
tute
s, N
GO
s)
Christian M
ichels
en Institu
te (
CM
I)
(35,9
62)
136,9
05
(134,5
34)
(33,5
91)
(33,5
91)
Results f
or
Develo
pm
ent In
stitu
te
8,3
52
(4,4
88)
3,8
64
3,8
64
Cente
r fo
r In
tern
ational Polic
y
13,5
00
133,9
26
(132,9
75)
14,4
51
14,4
51
Univ
ers
ität K
onsta
nz
(31,7
94)
31,7
94
Univ
ers
idad R
ey J
uan C
arlos
7,4
41
(7,4
41)
Oth
ers
(e.g
. re
searc
h institu
tes, N
GO
s),
tota
l(6
7,7
56)
13,5
00
318,4
18
(279,4
38)
-
(15,2
76)
(33,5
91)
18,3
15
In
div
idu
al d
on
ors
(6
,926)
43,1
46
(7,3
74)
(38,3
66)
(9,5
20)
(9,5
20)
Ad
jus
tme
nts
(7,0
00)
Gran
d t
ota
ls(8
11,1
04)
11,4
57,7
37
22,0
62,3
72
(19,0
98,9
29)
(7,7
78,1
35)
5,9
49,9
41
(1,0
80,5
96)
7,0
30,5
37
refe
rence to fin
ancia
l sta
tem
ents
note
513 └
**17**
*5
13
└ W
ellspri
ng A
dvis
ors
LLC
rela
tes to d
efe
rred incom
e for
FO
TI and b
rought in
to 2
015 a
ccounts
upon c
onsolidation. T
his
results in d
iffe
rence in d
efe
rred incom
e b
rought fo
rward
to n
ote
13 o
f th
e fin
ancia
l sta
tem
ents
.
* P
WC
AG
made a
n in-k
ind d
onation
** T
hese tra
nsaction a
re p
art
of th
e e
ntity
's o
pera
ting c
ash flo
ws
Funds a
vaila
ble
at 01-J
an
Cash r
eceiv
ed/
(paid
) during
the y
ear
Incom
e r
ecognis
ed
Clo
sin
g
bala
nce
of
whic
h:
AC
D =
A +
B +
C
49
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
rog
ram
me
in
form
ati
on
: S
um
mary
Annex 2
- P
age 1
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Re
str
icte
d in
co
me
Govern
ment agencie
s959,4
43
803,4
67
371,2
53
7,9
84,8
26
350,0
00
10,4
68,9
89
Multila
tera
l in
stitu
tions
170,6
82
672,4
87
4,6
75,2
83
39,7
02
5,5
58,1
54
Foundations a
nd tru
sts
44,0
17
773,1
55
931,5
76
1,7
48,7
48
Corp
ora
te d
onors
228,2
32
662,7
29
111,0
00
1,0
01,9
61
Indiv
idual donors
5,3
41
2,0
33
7,3
74
Coalit
ion p
art
ners
34,2
65
34,2
65
Oth
er
(researc
h institu
tes, oth
er
NG
Os, oth
er)
265,9
38
13,5
00
279,4
38
Oth
er in
co
me
30,8
12
96,8
55
9,8
29
51,9
97
13,9
94
17,4
48
220,9
35
Fin
an
cia
l re
su
lts
(11,4
61)
1,9
86
(125)
13,3
98
(1,6
75)
(83,9
28)
(81,8
05)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
978,7
94
1,1
22,3
48
2,3
55,0
34
14,3
35,3
42
513,0
21
(66,4
80)
-
19,2
38,0
59
Pers
onnel
824,5
78
2,0
93,1
20
1,5
21,2
05
6,2
30,2
99
819,7
71
(26,3
26)
(1,4
50,7
92)
10,0
11,8
55
Part
ner
support
981,8
48
136,4
77
1,1
90,7
14
8,4
79,7
41
28,7
89
126,9
56
10,9
44,5
25
Oth
er
157,9
87
651,0
01
789,1
31
2,0
08,8
35
282,6
23
435,0
04
1,4
50,7
92
5,7
75,3
73
B -
Pro
ject costs
, to
tal
1,9
64,4
13
2,8
80,5
98
3,5
01,0
50
16,7
18,8
75
1,1
31,1
83
535,6
34
-
26,7
31,7
53
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
985,6
19
1,7
58,2
50
1,1
46,0
16
2,3
83,5
33
618,1
62
602,1
14
-
7,4
93,6
94
To
tal u
nre
str
icte
d d
on
or in
co
me
7,7
78,1
35
Su
rp
lus
fo
r t
he
ye
ar
284,4
41
Additio
nal in
form
ation inclu
ded in:
Page 2
Page 3
Page 4
Page 5
Page 1
2
Th
is is
a d
eta
ile
d s
ch
ed
ule
of th
e p
roje
ct fin
an
ce
s. F
or
ea
ch
pro
ject u
nd
ert
ake
n b
y th
e o
rga
nis
atio
n, it d
eta
ils
th
e r
es
tric
ted
co
ntr
ibu
tio
ns
by
do
no
r a
nd
exp
en
ditu
re
incu
rre
d b
y e
xpe
nd
itu
re typ
e. T
he
diffe
ren
ce
be
twe
en
su
ch
in
co
me
an
d e
xpe
nd
itu
re r
ep
res
en
ts th
e p
roje
ct’s
im
pa
ct o
n u
nre
str
icte
d in
co
me
.
Ca
teg
ory
Ad
vo
ca
cy
and
Re
se
arc
hC
orp
ora
te S
erv
ice
sO
ther
(incl. F
X
Ga
ins &
Losse
s)
TO
TA
L
Ex
tern
al
Re
latio
nsh
ip &
Pa
rtn
ers
hip
s
Go
ve
rnan
ce
&
Sp
ecia
l In
iitia
tive
s
Ne
two
rks C
hap
ters
& P
rog
ram
me
s
Su
pp
ort C
ost
Re
cla
ssifi
ca
tion
50
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: G
ove
rn
an
ce
an
d S
pe
cia
l In
itia
tive
s (
GS
I)A
nnex 2
- P
age 2
Govern
ance
Accre
ditation r
evie
w
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
ment agencie
s
Depart
ment fo
r In
tern
ational D
evelo
pm
ent (D
FID
)959,4
43
959,4
43
Oth
er in
co
me
22,6
57
7,9
98
157
30,8
12
Fin
an
cia
l re
su
lts
(5,3
76)
126
(62)
(6,1
49)
(11,4
61)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
17,2
81
8,1
24
(62)
953,4
51
978,7
94
Pers
onnel
266,0
38
475,1
56
83,3
84
824,5
78
Part
ner
support
8,8
83
973,1
87
982,0
70
Oth
er
19,2
98
121,3
75
16,7
49
343
157,7
65
B -
Pro
ject costs
, to
tal
294,2
19
596,5
31
100,1
33
973,5
30
1,9
64,4
13
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
276,9
38
588,4
07
100,1
95
20,0
79
985,6
19
Cate
go
ry
Institu
tional support
TO
TA
LD
efe
nce a
nd A
nti-
Bribery
princip
les
Go
ve
rn
an
ce
51
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: Exte
rn
al R
ela
tio
ns
& P
artn
ers
hip
s (
ER
P)
Annex 2
- P
age 3
Conv
entio
ns
Unite
d N
atio
ns
Conv
entio
n
again
st C
orr
uptio
n
(UN
CA
C)
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
ment agencie
s
Gesells
chaft
für
inte
rnationale
Zusam
menarb
eit (
GIZ
)420,4
99
420,4
99
Mala
ysia
n A
nti-C
orr
uption C
om
mis
sio
n325,0
00
325,0
00
Min
istr
y o
f Fore
ign A
ffairs (
Neth
erlands)
13,9
68
13,9
68
Norw
egia
n A
gency f
or
Develo
pm
ent C
oopera
tion (
NO
RA
D)
44,0
00
44,0
00
Multila
tera
l in
stitu
tions
Inte
r-A
merican D
evelo
pm
ent B
ank (
IDB
)27,2
51
27,2
51
United N
ations D
evelo
pm
ent Pro
gra
mm
e (
UN
DP)
35,6
08
94,7
78
130,3
86
United N
ations O
ffic
e o
n D
rugs a
nd C
rim
e (
UN
OD
C)
13,0
45
13,0
45
Foundations a
nd tru
sts
Sig
rid R
ausin
g T
rust
44,0
17
44,0
17
Indiv
idual donors
27
5,3
14
5,3
41
Oth
er in
co
me
938
236
80
95,6
01
96,8
55
Fin
an
cia
l re
su
lts
(811)
(573)
(12)
(369)
3,7
51
1,9
86
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
-
154
4,9
77
(12)
150,7
18
(369)
966,8
80
1,1
22,3
48
Pers
onnel
228,2
76
907,5
41
109,3
69
103,6
22
191,6
13
31,2
80
521,4
19
2,0
93,1
20
Part
ner
support
16,7
00
20,2
35
7,4
90
400
91,6
52
136,4
77
Oth
er
7,7
26
91,1
74
149,6
17
12,7
76
14,7
34
65,5
50
309,4
24
651,0
01
B -
Pro
ject costs
, to
tal
252,7
02
998,7
15
279,2
21
116,3
98
213,8
37
97,2
30
922,4
95
2,8
80,5
98
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
252,7
02
998,5
61
274,2
44
116,4
10
63,1
19
97,5
99
(44,3
85)
1,7
58,2
50
Rapid
Response
Unit
Co
nven
tio
ns
TO
TA
LC
ate
go
ryIn
stit
utio
nal
support
No Im
punity
Cam
paig
nC
om
munic
atio
ns
IAC
C
52
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: A
dvo
cacy a
nd
Re
se
arch
Gro
up
(A
RG
)A
nnex 2
- P
age 4
Researc
hH
elp
desk
AN
TIC
OR
RP
Public
Secto
r -
Inte
grity
Pacts
Public
Secto
r -
Open
Gov
ern
ance
Glo
bal
Adv
ocacy
and
Polic
y
Turn
ing
Tra
nspare
ncy
into
Accounta
bili
ty
Clim
ate
Fin
ance
Inte
grity
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Re
str
icte
d in
co
me
Govern
ment agencie
s
Bundesm
inis
terium
für
wirts
chaft
liche Z
usam
menarb
eit u
nd
Entw
icklu
ng (
BM
Z)
75,0
00
75,0
00
Bundesm
inis
terium
für
Um
welt, N
atu
rschutz
, B
au u
nd
Reakto
rsic
herh
eit (
BM
UB
) 236,3
80
236,3
80
Fore
ign &
Com
monw
ealth O
ffic
e (
FC
O)
53,1
76
53,1
76
Independent C
om
mis
sio
n A
gain
st C
orr
uption (
ICA
C)
6,6
97
6,6
97
Multila
tera
l in
stitu
tions
Euro
pean C
om
mis
sio
n98,5
89
248,4
70
325,4
28
672,4
87
Foundations a
nd tru
sts
Om
idyar
Netw
ork
Fund, In
c.
172,1
64
172,1
64
Researc
h T
rust of
Vic
toria U
niv
ers
ity o
f W
ellingto
n9,1
26
9,1
26
Willia
m a
nd F
lora
Hew
lett F
oundation
591,8
65
591,8
65
Corp
ora
te d
onors
Ern
st &
Young, LLP
120,2
85
107,9
47
228,2
32
Coalit
ion p
art
ners
Tra
nspare
ncy Inte
rnational B
elg
ium
5,0
85
5,0
85
Tra
nspare
ncy Inte
rnational G
reenla
nd
6,1
17
6,1
17
Tra
nspare
ncy Inte
rnational N
eth
erlands
5,5
01
5,5
01
Tra
nspare
ncy Inte
rnational S
chw
eiz
6,4
11
6,4
11
Tra
nspare
ncy Inte
rnational S
weden
5,2
72
5,2
72
Tra
nspare
ncy Inte
rnational U
K5,8
79
5,8
79
Oth
er
(researc
h institu
tes, oth
er
NG
Os, oth
er)
Christian M
ichels
en Institu
te (
CM
I)134,5
34
134,5
34
Cente
r fo
r In
tern
ational Polic
y119,4
75
119,4
75
Results f
or
Develo
pm
ent In
stitu
te4,4
88
4,4
88
Univ
ers
idad R
ey J
uan C
arlos
7,4
41
7,4
41
Oth
er in
co
me
03,2
88
25
4,5
62
361
103
1,4
90
9,8
29
Fin
an
cia
l re
su
lts
2(2
29)
(10)
(34)
(15)
(82)
(438)
681
(125)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
2218,6
55
233,1
38
398,0
89
325,4
13
649,5
21
119,3
98
172,2
67
238,5
51
2,3
55,0
34
Pers
onnel
258,2
03
193,9
65
272,9
45
148,3
27
123,2
54
81,9
94
327,7
54
72,5
60
42,2
03
1,5
21,2
05
Part
ner
support
121,0
62
32,9
20
96,1
98
155,6
43
543,3
06
22,7
04
81,5
31
137,3
50
1,1
90,7
14
Oth
er
32,4
47
65,6
96
36,9
23
252,3
82
67,2
67
24,2
22
225,3
04
18,1
76
66,7
14
789,1
31
B -
Pro
ject costs
, to
tal
411,7
12
292,5
81
309,8
68
496,9
07
346,1
64
649,5
22
575,7
62
172,2
67
246,2
67
3,5
01,0
50
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
411,7
10
73,9
26
76,7
30
98,8
18
20,7
51
1456,3
64
-
7,7
16
1,1
46,0
16
Cate
go
ryIn
stit
utio
nal
support
Researc
hG
lob
al
Ad
vo
cacy a
nd
Po
licy
TO
TA
L
53
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
etw
ork
s, C
hap
ters
an
d P
ro
gram
me
s (
NC
P)
Annex 2
- P
age 5
Pro
gra
mm
es
(PR
OG
)A
me
rica
s (
AM
E)
Asia
& P
acifi
c
(AP
D)
Eu
rope
&
Ce
ntral A
sia
(EC
A)
Mid
dle
Ea
st a
nd
No
rth
Afric
a
(ME
NA
)
Su
b-S
aha
ran
Afric
a (
SS
A)
Re
so
urc
e
De
ve
lopm
ent
De
pt. (
RD
D)
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
ment agencie
s280,0
61
204,9
99
4,0
07,6
33
260,5
37
2,0
40,4
24
1,0
91,1
72
100,0
00
7,9
84,8
26
Multila
tera
l in
stitu
tions
18,9
42
217,2
26
3,1
44,1
15
570,5
00
724,5
00
4,6
75,2
83
Foundations a
nd tru
sts
182,3
22
590,2
31
159,0
23
931,5
76
Corp
ora
te d
onors
637,7
29
25,0
00
662,7
29
Indiv
idual donors
2,0
33
2,0
33
Oth
er
(researc
h institu
tes, oth
er
NG
Os, oth
er)
13,5
00
13,5
00
Oth
er in
co
me
5,1
33
14,9
22
786
18,2
74
2,0
58
931
2,0
52
7,8
41
51,9
97
Fin
an
cia
l re
su
lts
16,3
60
(397)
663
(3,3
86)
1,5
83
(2,1
67)
844
(102)
13,3
98
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
21,4
93
945,8
15
407,7
12
4,2
39,7
47
3,9
98,5
24
2,6
09,6
88
1,9
79,6
24
132,7
39
14,3
35,3
42
Pers
onnel
245,9
06
689,2
33
408,3
61
1,2
89,2
14
1,3
09,7
79
739,3
54
815,3
84
733,0
68
6,2
30,2
99
Part
ner
support
83,1
27
161,6
18
2,3
18,2
82
3,1
38,1
66
1,6
25,8
39
1,0
31,4
35
121,2
73
8,4
79,7
40
Oth
er
26,4
73
277,5
73
160,9
27
651,8
64
231,1
57
248,8
17
335,7
59
76,2
65
2,0
08,8
35
B -
Pro
ject costs
, to
tal
272,3
79
1,0
49,9
33
730,9
06
4,2
59,3
60
4,6
79,1
02
2,6
14,0
10
2,1
82,5
78
930,6
06
16,7
18,8
74
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
250,8
86
104,1
18
323,1
94
19,6
13
680,5
78
4,3
22
202,9
54
797,8
67
2,3
83,5
32
Additio
nal in
form
ation inclu
ded in:
Page 6
Page 7
Page 8
Page 9
Page 1
0Page 1
1
Ca
teg
ory
Instit
utio
nal
su
pp
ort
TO
TA
L
Pro
gra
mm
es a
nd
Re
gio
na
l D
ep
art
me
nts
54
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
CP
, P
ro
gram
me
s (
PR
OG
)A
nnex 2
- P
age 6
Co
llectiv
e A
ctio
n fo
r
Cle
an B
usin
ess
Tra
nsp
an
rency
in
Co
rpora
te R
epo
rtin
g -
Em
erg
ing M
ark
et
Mu
ltina
tion
als
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
ment agencie
s
Bundesm
inis
terium
für
wirts
chaft
liche Z
usam
menarb
eit u
nd E
ntw
icklu
ng (
BM
Z)
175,0
00
20,0
00
30,0
00
225,0
00
Gesells
chaft
für
inte
rnationale
Zusam
menarb
eit (
GIZ
)24,6
83
24,6
83
Min
istr
y o
f Fore
ign A
ffairs (
Esto
nia
)30,3
78
30,3
78
Corp
ora
te d
onors
Nors
k H
ydro
7,0
00
7,0
00
Sanla
m L
ife Insura
nce L
imited
3,3
60
3,3
60
Sie
mens A
G623,4
98
623,4
98
Warb
urg
Pin
cus, LLC
3,8
71
3,8
71
Oth
er
(researc
h institu
tes, oth
er
NG
Os, oth
er)
Cente
r fo
r In
tern
ational Polic
y13,5
00
13,5
00
Oth
er in
co
me
35
14,0
24
863
14,9
22
Fin
an
cia
l re
su
lts
(406)
9(3
97)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
-
205,4
13
61,3
49
654,3
70
24,6
83
945,8
15
Pers
onnel
78,2
83
154,9
85
8,0
20
447,9
45
689,2
33
Part
ner
support
2,8
00
13,1
62
67,1
65
83,1
27
Oth
er
1,7
45
50,5
84
48,1
46
152,4
15
24,6
83
277,5
73
B -
Pro
ject costs
, to
tal
80,0
28
208,3
69
69,3
28
667,5
25
24,6
83
1,0
49,9
33
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
80,0
28
2,9
56
7,9
79
13,1
55
-
104,1
18
TO
TA
LC
ate
go
ryIn
stit
utio
nal
su
pp
ort
Pe
op
le E
nga
ge
me
nt
Pro
gra
mm
e (
PE
P)
Bu
sin
ess In
tegrity
Pro
gra
mm
e (
BIP
)
55
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
CP
, A
me
ric
as
(A
ME)
Annex 2
- P
age 7
Re
gio
nal
Pro
gra
mm
e
Acce
ss to
info
rma
tion
(Ve
ne
zu
ela
)
Co
rrup
tion
and
Tra
nsp
are
ncy
in
Ce
ntral A
me
rica
Na
tion
al In
tegrity
Sy
ste
m in S
t
Ma
rte
en
RE
DA
CT
ES
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
ment agencie
s
Depart
ment of
Fore
ign A
ffairs a
nd T
rade (
DFA
T)
14,6
30
90,3
17
104,9
47
St. M
aart
en
22,0
52
22,0
52
Norw
egia
n A
gency f
or
Develo
pm
ent C
oopera
tion (
NO
RA
D)
78,0
00
78,0
00
Multila
tera
l in
stitu
tions
United N
ations O
ffic
e f
or
Pro
ject S
erv
ices (
UN
OPS
)18,9
42
18,9
42
Foundations a
nd tru
sts
Foundation O
pen S
ocie
ty Institu
te (
FO
SI)
162,2
90
162,2
90
Seattle
Inte
rnational Foundation
20,0
32
20,0
32
Oth
er in
co
me
643
143
786
-
Fin
an
cia
l re
su
lts
(33)
10
745
(59)
663
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
93,2
40
90,3
17
162,2
90
20,0
42
22,9
40
18,8
83
407,7
12
Pers
onnel
316,4
16
78,7
52
4,5
98
8,5
95
408,3
61
Part
ner
support
234
157,5
45
3,8
40
161,6
19
Oth
er
99,3
61
11,5
65
147
16,2
02
23,3
63
10,2
89
160,9
27
B -
Pro
ject costs
, to
tal
416,0
11
90,3
17
162,2
90
20,0
42
23,3
63
18,8
84
730,9
07
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
322,7
71
-
-
-
423
1323,1
95
Ca
teg
ory
TO
TA
LIn
stit
utio
nal
su
pp
ort
Pro
jects
56
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
CP
, A
sia
& P
acif
ic (
AP
D)
Annex 2
- P
age 8
Re
gio
nal
Pro
gra
mm
e
An
ti C
orr
up
tion
Stren
gth
en
ing
Initi
ativ
e -
Pilo
t
stu
dy
in B
huta
n
Pa
cifi
c In
stit
utio
nal
and
Ne
two
rk
Stren
gth
en
ing
Pro
gra
mm
e
(PIN
SP
)
Na
tion
al
Inte
grity
Sy
ste
m -
Afg
ha
nis
tan
Stren
gth
en
ing A
nti-
co
rrup
tion
De
ma
nd
from
So
cie
ty,
Pu
blic
& P
riv
ate
Se
cto
r in
Vie
tnam
Clim
ate
Fin
ance
Inte
grity
Pre
ve
nta
tive
An
ti-C
orr
up
tion
for
RE
DD
+
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Re
str
icte
d in
co
me
Govern
ment agencie
s
Anti-C
orr
uption C
om
mis
sio
n o
f B
huta
n20,0
00
20,0
00
Bundesm
inis
terium
für
Um
welt, N
atu
rschutz
, B
au u
nd
Reakto
rsic
herh
eit (
BM
UB
) 102,6
33
102,6
33
Depart
ment fo
r In
tern
ational D
evelo
pm
ent (D
FID
)415,7
38
415,7
38
Depart
ment of
Fore
ign A
ffairs a
nd T
rade (
DFA
T)
1,8
38,7
55
230,4
90
2,0
69,2
45
Iris
h A
id170,0
00
170,0
00
Min
istr
y f
or
Fore
ign A
ffairs (
Fin
land)
171,1
20
171,1
20
Min
istr
y o
f Fore
ign A
ffairs a
nd T
rade (
New
Zeala
nd)
296,0
53
296,0
53
Norw
egia
n A
gency f
or
Develo
pm
ent C
oopera
tion (
NO
RA
D)
762,8
44
762,8
44
Multila
tera
l in
stitu
tions
United N
ations D
evelo
pm
ent Pro
gra
mm
e (
UN
DP)
217,2
26
217,2
26
Oth
er in
co
me
8,3
71
9,9
03
18,2
74
Fin
an
cia
l re
su
lts
(986)
(1)
(2,2
92)
(5)
(102)
(3,3
86)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
8,3
71
1,8
47,6
72
19,9
99
296,0
53
217,2
26
985,0
56
102,6
28
762,7
42
4,2
39,7
47
Pers
onnel
9,0
02
886,3
52
3,4
58
11,8
85
85,4
83
70,6
51
78,0
84
144,2
99
1,2
89,2
14
Part
ner
support
-
628,9
37
283,7
42
118,7
54
775,3
91
325
511,1
33
2,3
18,2
82
Oth
er
(4,4
91)
338,4
55
16,5
41
426
12,9
89
139,0
14
41,8
52
107,0
78
651,8
64
B -
Pro
ject costs
, to
tal
4,5
11
1,8
53,7
44
19,9
99
296,0
53
217,2
26
985,0
56
120,2
61
762,5
10
4,2
59,3
60
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
(3,8
60)
6,0
72
-
-
-
-
17,6
33
(232)
19,6
13
Ca
teg
ory
Instit
utio
nal
su
pp
ort
Pro
jects
TO
TA
L
57
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
CP
, Eu
ro
pe
an
d C
en
tral A
sia
(EC
A)
Annex 2
- P
age 9
Ad
essiu
m
Ad
vo
ca
cy
and
Leg
al A
dv
ice
Ce
ntres
(AL
AC
s)
in
So
uth
Ea
st
Eu
rope
Lift
ing
th
e
Lid
on
Lob
by
ing
Eu
rope
an
Ne
ighb
ou
rhoo
d
Pro
gra
m -
Na
tion
al
Inte
grity
Sy
ste
m
Fin
ancia
l
Me
ch
an
ism
Offi
ce
(FM
O)
Pa
rtn
ers
hip
Na
tion
al
Inte
grity
Sy
ste
ms -
We
ste
rn
Ba
lka
ns
Sp
ea
k U
p -
En
ga
gin
g
Citi
ze
ns in
Fig
htin
g
Co
rrup
tion
in
Eu
rope
Sp
ea
k U
p II -
En
ga
gin
g
Citi
ze
ns in
Fig
htin
g
Co
rrup
tion
in
Eu
rope
Tra
nsp
are
ncy
in E
ura
sia
Tra
nsp
are
ncy
in R
ussia
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Re
str
icte
d In
co
me
Govern
ment agencie
s
Ausw
ärt
iges A
mt
125,7
93
125,7
93
U.S
. D
epart
ment of
Sta
te134,7
44
134,7
44
Multila
tera
l in
stitu
tions
Euro
pean C
om
mis
sio
n948,8
53
294,8
11
593,6
38
655,8
42
575,1
22
3,0
68,2
66
Fin
ancia
l M
echanis
m O
ffic
e (
FM
O)
75,8
49
75,8
49
Foundations a
nd tru
sts
National Endow
ment fo
r D
em
ocra
cy
(NED
) 448,5
67
448,5
67
Stichting A
dessiu
m107,1
42
17,4
58
17,0
64
141,6
64
Oth
er in
co
me
1,8
58
116
84
2,0
58
Fin
an
cia
l re
su
lts
(8)
1(3
6)
485
(3)
1,2
00
(56)
1,5
83
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
1,8
50
107,1
43
125,7
93
948,9
33
295,2
96
75,8
49
593,6
35
674,5
84
592,1
30
134,7
44
448,5
67
3,9
98,5
24
Pers
onnel
493,0
71
47,5
30
39,7
08
221,1
36
100,0
60
73,8
16
164,5
93
61,7
00
81,7
16
8,6
25
17,8
24
1,3
09,7
79
Part
ner
support
729
55,8
58
83,2
82
728,8
81
192,9
45
-
445,6
02
568,7
66
506,4
07
125,7
19
429,9
77
3,1
38,1
66
Oth
er
51,2
21
3,7
55
2,8
03
64,9
93
34,0
44
2,0
33
36,1
69
25,0
89
9,8
84
400
766
231,1
57
B -
Pro
ject costs
, to
tal
545,0
21
107,1
43
125,7
93
1,0
15,0
10
327,0
49
75,8
49
646,3
64
655,5
55
598,0
07
134,7
44
448,5
67
4,6
79,1
02
B-A
- U
tilis
ati
on
of
un
re
str
icte
d
fun
ds
by p
ro
ject
543,1
71
-
-
66,0
77
31,7
53
-
52,7
29
(19,0
29)
5,8
77
-
-
680,5
78
Instit
utio
nal
su
pp
ort
Pro
jects
Ca
teg
ory
TO
TA
L
58
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
CP
, M
idd
le E
as
t an
d N
orth
Afr
ica (
MEN
A)
Annex 2
- P
age 1
0
Shara
ka
Tra
nspare
ncy
Inte
rnatio
nal M
EN
A
Pro
gra
mm
e (
TIM
P)
Good G
ov
ern
ance
Confe
rence
Natio
nal In
tegrity
Sy
ste
m in the M
EN
A
Regio
n
Natio
anl In
tegrity
Sy
ste
m in the M
EN
A
Regio
n,
Phase 2
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
ment agencie
s
Ausw
ärt
iges A
mt
303,1
92
303,1
92
Govern
ment of
the Isla
mic
Republic
of
Maurita
nia
46,8
68
46,8
68
Sw
edis
h Inte
rnational D
evelo
pm
ent C
oopera
tion A
gency (
SID
A)
1,6
90,3
64
1,6
90,3
64
Multila
tera
l in
stitu
tions
Euro
pean C
om
mis
sio
n192,9
20
377,5
80
570,5
00
Oth
er in
co
me
9
922
931
Fin
an
cia
l re
su
lts
129
(2,0
40)
(275)
19
(2,1
67)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
303,3
30
1,6
89,2
46
46,8
68
192,6
45
377,5
99
2,6
09,6
88
Pers
onnel
94,2
58
528,4
65
38,7
79
8,7
17
69,1
35
739,3
54
Part
ner
support
154,7
60
1,0
18,9
60
184,6
41
267,4
78
1,6
25,8
39
Oth
er
55,8
41
148,5
97
8,4
08
77
35,8
94
248,8
17
B -
Pro
ject costs
, to
tal
304,8
59
1,6
96,0
22
47,1
87
193,4
35
372,5
07
2,6
14,0
10
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
1,5
29
6,7
76
319
790
(5,0
92)
4,3
22
Cate
go
ryTO
TA
L
Pro
jects
59
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: N
CP
, S
ub
-Sah
aran
Afr
ica (
SS
A)
Annex 2
- P
age 1
1
Regio
nal
Pro
gra
mm
me
Gov
ern
ance &
Fin
ance Inte
grity
in R
ED
D+
Busin
ess Inte
grity
Country
Agenda
Land a
nd
Corr
uptio
n in
Afric
a
Wom
en,
Land
and C
orr
uptio
n
Tra
nspare
ncy
and
Accounta
bili
ty for
Hig
h
Qualit
y E
ducatio
n
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d In
co
me
Govern
ment agencie
s
Bundesm
inis
terium
für
wirts
chaft
liche Z
usam
menarb
eit u
nd
Entw
icklu
ng (
BM
Z)
490,8
67
490,8
67
Depart
ment of
Fore
ign A
ffairs a
nd T
rade (
DFA
T)
478,6
58
21,3
01
499,9
59
Norw
egia
n A
gency f
or
Develo
pm
ent C
oopera
tion (
NO
RA
D)
100,3
46
100,3
46
Multila
tera
l in
stitu
tions
Euro
pean C
om
mis
sio
n724,5
00
724,5
00
Foundations a
nd tru
sts
Open S
ocie
ty Initia
tive f
or
West A
fric
a (
OS
IWA
)11,1
88
162
11,3
50
Wells
pring A
dvis
ors
, LLC
128,2
71
128,2
71
The T
ony E
lum
elu
Foundation
19,4
02
19,4
02
Indiv
idual donors
2,0
33
2,0
33
Oth
er in
co
me
1,4
23
378
251
2,0
52
Fin
an
cia
l re
su
lts
191
47
608
5(7
)844
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
1,6
14
592,6
50
746,4
09
19,4
02
491,1
23
128,2
64
162
1,9
79,6
24
Pers
onnel
492,8
34
165,3
90
4,5
01
127,1
63
25,4
96
815,3
84
Part
ner
support
(11,8
57)
216,9
57
543,9
04
14,9
28
193,3
19
74,1
84
1,0
31,4
35
Oth
er
16,3
29
59,0
81
60,9
27
36
170,6
41
28,5
83
162
335,7
59
B -
Pro
ject costs
, to
tal
4,4
72
768,8
72
770,2
21
19,4
65
491,1
23
128,2
63
162
2,1
82,5
78
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
2,8
58
176,2
22
23,8
12
63
-
1-
-
202,9
54
Cate
go
ryIn
stit
utio
nal
support
TO
TA
L
Pro
jects
60
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
De
taile
d p
ro
gram
me
in
form
ati
on
: C
orp
orate
Se
rvic
es
(C
S)
Annex 2
- P
age 1
2
Org
anis
atio
nal
De
ve
lopm
ent (O
DD
)
En
ha
nce
d
Re
sp
on
se
Mo
nito
ring
Ev
alu
atio
n a
nd
Lea
rnin
g
all a
mo
unts
are
sta
ted in E
uro
s
Re
str
icte
d in
co
me
Govern
menta
l agencie
s
Bundesm
inis
terium
für
wirts
chaft
liche Z
usam
menarb
eit u
nd E
ntw
icklu
ng (
BM
Z)
350,0
00
350,0
00
Multila
tera
l in
stitu
tions
Euro
pean C
om
mis
sio
n39,7
02
39,7
02
Corp
ora
te d
onors
Pricew
ate
rhouseC
oopers
AG
111,0
00
111,0
00
Oth
er in
co
me
13,7
44
223
27
13,9
94
Fin
an
cia
l re
su
lts
(577)
(780)
(311)
(7)
(1,6
75)
A -
Restr
icte
d a
nd o
ther
incom
e, to
tal
13,1
67
(780)
460,9
12
39,6
95
27
513,0
21
Pers
onnel
36,7
85
379,1
08
272,8
38
23,1
46
107,8
94
819,7
71
Part
ner
support
6,3
67
22,4
22
28,7
89
Oth
er
53,2
78
212,1
57
3,2
56
13,9
32
282,6
23
B -
Pro
ject costs
, to
tal
36,7
85
432,3
86
491,3
62
48,8
24
121,8
26
1,1
31,1
83
B-A
- U
tilis
ati
on
of
un
re
str
icte
d f
un
ds
by p
ro
ject
23,6
18
433,1
66
30,4
50
9,1
29
121,7
99
618,1
62
Ca
teg
ory
Instit
utio
nal
su
pp
ort
TO
TA
L
Info
rma
tion
and
Co
mm
unic
atio
n
Te
ch
no
logy
Org
an
isati
on
al
De
ve
lop
me
nt
61
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 3
- P
art
ne
r fu
nd
ing
sch
ed
ule
Annex 3
- p
age 1
BC
Re
ce
iva
ble
A
dv
an
ce
Lia
bili
tyF
inal re
po
rts
Inte
rim
re
po
rts
Re
ce
iva
ble
Adv
an
ce
Lia
bili
ty
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Co
aliti
on
partn
ers
Am
eric
as
Accio
n C
iudadana
NC
Gu
ate
ma
la(9
53)
35,0
99
10,0
00
25,0
99
(953)
Asocia
cio
n p
ara
una S
ocie
dad m
as J
usta
(A
SJ)
NC
Ho
nd
ura
s871
(33)
1,4
72
(634)
Capitulo
Chile
no d
e T
ranspare
ncia
Inte
rnacio
nal
NC
Ch
ile
4,2
32
(2,5
57)
1,6
75
Consejo
Nacio
nal para
la E
tica P
ublic
a-
Pro
etica
NC
Pe
ru85,4
57
(400)
166,8
16
129,0
25
78,5
65
45,8
59
(1,5
76)
Corp
ora
cio
n T
ranspare
ncia
por
Colo
mbia
NC
Co
lom
bia
(109)
2,2
48
2,2
48
(109)
Fundacio
n N
acio
nal para
el D
esarr
ollo
(FU
ND
E)
NC
El S
alv
ad
or
1,0
04
1,0
04
Fundacio
n p
ara
el D
esaro
llo d
e la L
ibert
ad
NC
Pa
na
ma
2,5
85
2,5
85
Part
icip
acio
n C
iudadana
NC
Do
min
ica
n R
ep
.2,0
27
2,0
27
Poder
Ciu
dadano
NC
Arg
en
tin
a9,3
00
98
10,4
00
98
600
(1,7
00)
Tra
nspare
ncia
Mexic
ana A
.C.
NC
Me
xico
72,8
06
14
3,2
96
29,0
85
40,4
39
Tra
nspare
ncia
Venezuela
NC
Ve
ne
zue
la148,3
60
237,7
86
157,5
45
237,7
86
(9,1
85)
Tra
nspare
ncy Inte
rnational C
anada Inc.
NC
Ca
na
da
6,5
36
1,9
24
5,0
00
(388)
Tra
nspare
ncy Inte
rnational U
SA
NC
US
A2,5
45
2,5
45
Trinid
ad &
Tobago T
ranspare
ncy Institu
teN
CT
rin
ida
d &
Tb
.(7
85)
823
38
Am
ericas, to
tal
5,1
03
233,8
17
(2,2
47)
536,9
85
112
157,8
39
275,5
95
98
354,7
83
(14,5
45)
As
ia &
Pacif
ic
Tow
ard
s T
ranspare
ncy
Ct
Vie
tnam
460,5
08
(118)
433,8
94
645,9
30
222,5
26
25,8
28
The M
ala
ysia
n S
ocie
ty f
or
Tra
nspare
ncy a
nd Inte
grity
N
CM
ala
ysia
16,1
06
(998)
68,0
61
90,0
00
81,6
83
90,0
00
1,4
86
Tra
nspare
ncy Inte
rnational A
ustr
alia
NC
Austr
alia
5,8
02
7,3
13
(1,5
11)
Tra
nspare
ncy Inte
rnational B
angla
desh
NC
Bangla
desh
7,2
13
(8,3
48)
60,6
12
43
15,7
27
43,7
93
Tra
nspare
ncy Inte
rnational C
am
bodia
NC
Cam
bodia
22,3
57
(684)
15,4
55
1,2
46
39,4
73
1,2
46
(2,3
45)
Th
is s
ch
ed
ule
su
mm
ari
se
s th
e m
ove
me
nts
of fu
nd
ing
by
pro
ject p
art
ne
r. A
t th
e b
eg
inn
ing
of th
e y
ea
r, T
I-S
ha
d o
uts
tan
din
g b
ala
nce
s fo
r re
so
urc
es
ad
van
ce
d to
pa
rtn
ers
(a
s p
er
A b
elo
w).
Du
rin
g th
e
yea
r, T
I-S
tra
ns
ferr
ed
ad
ditio
na
l fin
an
cia
l re
so
urc
es
o
r re
ce
ive
d u
ns
pe
nt b
ala
nce
s b
ack (
B).
Occa
sio
na
lly,
it re
ce
ive
d in
co
me
(C
). T
he
su
m th
es
e a
mo
un
ts c
on
stitu
tes
th
e to
tal re
so
urc
es
ava
ila
ble
to
the
pro
ject p
art
ne
r d
uri
ng
th
e y
ea
r. R
es
ou
rce
s w
ere
em
plo
yed
in
th
e p
erf
orm
an
ce
of a
ctivi
tie
s a
nd
, a
s a
re
su
lt, a
dva
nce
s a
cco
un
ted
fo
r a
s e
xpe
nd
itu
re (
D).
Pa
rt o
f th
e e
xpe
nd
itu
re w
as
do
cu
me
nte
d
thro
ug
h fin
al re
po
rts
(fu
lly
co
mp
lyin
g w
ith
do
no
r re
qu
ire
me
nts
), a
nd
pa
rt th
rou
gh
in
teri
m o
ne
s (
i.e
. re
po
rts
th
at a
re c
on
sid
ere
d r
elia
ble
bu
t n
ot ye
t m
ee
tin
g a
ll fo
rma
l d
on
or
req
uir
em
en
ts).
At th
e y
ea
r-e
nd
, th
e d
iffe
ren
ce
be
twe
en
ava
ila
ble
re
so
urc
es
an
d e
xpe
nd
itu
re b
oo
ke
d c
on
stitu
ted
th
e fin
al b
ala
nce
with
th
e p
roje
ct p
art
ne
r (E
).
Pro
ject p
art
ne
rs b
elo
ng
ing
to
th
e T
I M
ove
me
nt, in
clu
din
g N
atio
na
l C
ha
pte
rs (
NC
), N
atio
na
l C
ha
pte
rs in
Fo
rma
tio
n (
NC
iF)
an
d N
atio
na
l C
on
tacts
(C
t), a
re c
olle
ctive
ly id
en
tifie
d a
s C
oa
litio
n P
art
ne
rs.
Oth
er
pro
ject p
art
ne
rs a
re g
rou
pe
d s
ep
ara
tely
at th
e b
otto
m o
f th
e s
ch
ed
ule
.D
E =
A +
B +
C -
DA
Clo
sin
g b
ala
nce
Inco
me
rece
ive
d
Ca
sh
pa
id /
(re
ce
ive
d)
Partn
er
na
me
Ope
nin
g b
ala
nce
Ty
pe
, co
untry
Ex
pe
nd
iture
re
po
rte
d
62
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 3
- P
artn
er f
un
din
g s
ch
ed
ule
Annex 3
- p
age 2
BC
Receiv
able
A
dv
ance
Lia
bili
tyF
inal re
ports
Inte
rim
reports
Rece
ivable
Adv
an
ce
Lia
bili
ty
all a
mo
unts
are
sta
ted in E
uro
s
Anti C
orr
uption a
nd G
overn
ance R
esearc
h C
ente
rN
CC
hin
a651
651
Tra
nspare
ncy Inte
rnational C
hin
ese T
aip
ei
NC
Taiw
an
1,3
20
1,3
20
Tra
nspare
ncy Inte
rnational Fiji
NC
Fiji
6,3
90
59,2
74
48,8
44
103,5
91
7,0
98
3,8
23
(4)
Tra
nspare
ncy Inte
rnational In
dia
NC
India
1,2
86
2,3
11
(1,0
25)
Tra
nspare
ncy Inte
rnational In
donesia
NC
Indonesia
248,1
21
(2,8
21)
197,5
48
207,0
54
197,4
32
39,5
89
(1,2
27)
Tra
nspare
ncy Inte
rnational Japan
NC
Japan
1,9
34
41,9
38
Tra
nspare
ncy Inte
rnational K
ore
a (
South
)N
CK
ore
a (
South
)32,6
38
4,6
78
27,9
60
Tra
nspare
ncy Inte
rnational M
ongolia
NC
Mongolia
9,0
00
22,3
67
28,3
67
3,0
00
Tra
nspare
ncy Inte
rnational N
epal
NC
Nepal
30,0
88
10,8
57
39,9
45
1,0
00
Tra
nspare
ncy Inte
rnational N
ew
Zeala
nd
NC
New
Zeala
nd
23,7
50
19,7
98
43,5
48
Tra
nspare
ncy Inte
rnational Pakis
tan
NC
Pakis
tan
54,0
15
46,8
64
101,7
09
(830)
Tra
nspare
ncy Inte
rnational Papua N
ew
Guin
ea
NC
Papua N
ew
Guin
ea
181,7
41
177,4
28
70,9
22
190,6
63
97,5
84
Tra
nspare
ncy Inte
rnational Philippin
es
NC
Philippin
es
35,4
29
258
1,2
63
18,9
15
15,5
09
Tra
nspare
ncy Inte
rnational S
ri L
anka
NC
Sri L
anka
55,7
81
50,3
99
81,2
42
21,9
27
3,0
11
Tra
nspare
ncy V
anuatu
NC
Vanuatu
18,5
65
99,8
25
(10,0
13)
19,3
69
85,9
75
40,6
53
1,1
18
Tra
nspare
ncy M
ald
ives
CiF
Mald
ives
73,1
57
85,0
83
11
129,6
38
28,6
13
Tra
nspare
ncy S
olo
mon Isla
nds
NC
Solo
mon Isla
nds
52,7
01
50,4
91
65,7
52
37,4
40
Tra
nspare
ncy T
haila
nd
NC
Thaila
nd
(485)
764
293
(14)
Asia
& P
acific
, to
tal
24,9
55
1,4
29,0
66
(23,4
67)
1,3
51,7
23
91,3
04
1,6
94,5
71
767,9
66
91,2
46
326,7
54
(6,9
56)
Eu
ro
pe
an
d C
en
tral A
sia
Associa
tion P
our
la P
rom
otion d
e la T
ranspare
nce (
APPT)
NC
Luxem
bourg
49,5
30
1,0
03
2,8
15
53,3
48
Kosova D
em
ocra
tic Institu
teN
CK
osovo
51,5
49
36,2
89
71,0
77
21,2
26
1,6
26
(6,0
91)
MTU
E K
orr
upts
iooniv
aba E
esti
NC
Esto
nia
34,0
00
11,8
63
1,3
16
39,7
62
10,3
85
(5,6
00)
Tra
nspare
ncy Inte
rnational Latv
ia (
DELN
A)
NC
Latv
ia112
75,8
13
25,8
38
86,5
14
7,9
01
511
6,8
37
Tra
nsparê
ncia
e Inte
gridade, A
ssocia
ção C
ívic
a (
TIA
C)
CiF
Port
ugal
50,3
61
24,3
49
22,8
28
49,3
85
976
2,7
11
(1,1
90)
Tra
nspare
ncy A
zerb
aija
nN
CA
zerb
aija
n17,6
87
770
25,1
80
(6,7
23)
Tra
nspare
ncy C
ypru
sC
iFC
ypru
s64,2
02
41,0
90
105,8
83
(591)
Tra
nspare
ncy Inte
rnational A
nti-C
orr
uption
NC
Arm
enia
39,3
41
2,2
59
42,5
87
(987)
Tra
nspare
ncy Inte
rnational B
elg
ium
NC
Belg
ium
(4,5
41)
5,0
85
544
AD
E =
A +
B +
C -
D
Partner
nam
eT
ype,
country
Openin
g b
ala
nce
Cash p
aid
/
(receiv
ed)
Incom
e
rece
ived
Ex
penditu
re r
eported
Clo
sin
g b
ala
nce
63
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 3
- P
artn
er f
un
din
g s
ch
ed
ule
Annex 3
- p
age 3
BC
Receiv
able
A
dv
ance
Lia
bili
tyF
inal re
ports
Inte
rim
reports
Receiv
able
Adv
ance
Lia
bili
ty
all a
mo
unts
are
sta
ted in E
uro
s
Tra
nspare
ncy Inte
rnational B
osnia
and H
erz
egovin
aN
CB
osnia
Herz
egovin
a53,1
82
39,6
53
29,6
80
32,7
88
30,8
84
(517)
Tra
nspare
ncy Inte
rnational B
ulg
aria
NC
Bulg
aria
83,9
36
8,1
16
8,1
16
81,5
99
9,4
32
(7,0
95)
Tra
nspare
ncy Inte
rnational C
roatia
NC
Cro
atia
3,1
63
448
2,7
15
Tra
nspare
ncy Inte
rnational C
zech R
epublic
NC
Czech R
epublic
108,5
48
(526)
20,0
53
97,1
10
23,2
13
7,9
66
(214)
Tra
nspare
ncy Inte
rnational D
euts
chla
nd e
.V.
NC
Germ
any
750
12,6
62
(3,2
76)
2,8
87
806
16,7
20
(4,5
03)
Tra
nspare
ncy Inte
rnational Espana
NC
Spain
44,6
53
(822)
822
51,4
44
(6,7
91)
Tra
nspare
ncy Inte
rnational Fra
nce
NC
Fra
nce
42,3
14
16,5
88
59,2
53
10,6
89
(11,0
40)
Tra
nspare
ncy Inte
rnational G
eorg
iaN
CG
eorg
ia54,8
98
1,5
48
54,4
92
1,9
54
Tra
nspare
ncy Inte
rnational G
reece
NC
Gre
ece
65,0
86
25,4
56
90,8
29
122
(409)
Tra
nspare
ncy Inte
rnational G
reenla
nd
NC
Gre
enla
nd
1,2
88
345
1,6
33
Tra
nspare
ncy Inte
rnational H
ungary
NC
Hungary
63,6
61
32,0
93
43,9
04
63,9
62
(12,1
12)
Tra
nspare
ncy Inte
rnational Irela
nd
NC
Irela
nd
128,1
01
(200)
109,7
03
234,5
73
8,0
00
10,4
00
(15,3
69)
Tra
nspare
ncy Inte
rnational Is
rael
NC
Isra
el
1,5
00
2,5
28
(1,0
28)
Tra
nspare
ncy Inte
rnational Italia
NC
Italy
99,0
88
(4,2
13)
39,1
31
13,3
10
140,3
65
78
12,1
26
(31,8
73)
Tra
nspare
ncy Inte
rnational Lithuania
NC
Lithuania
166,3
31
29,9
80
5,8
56
130,6
09
62,7
53
15,9
76
(7,1
71)
Tra
nspare
ncy Inte
rnational M
acedonia
NC
Macedonia
52,4
44
71,8
28
61,9
81
42,6
33
19,9
90
(332)
Tra
nspare
ncy Inte
rnational M
old
ova
NC
Mold
ova
28,0
35
1,5
11
26,1
07
3,4
39
Tra
nspare
ncy Inte
rnational N
eth
erlands
NC
Neth
erlands
16,2
84
306
16,5
90
Tra
nspare
ncy Inte
rnational N
orw
ay
NC
Norw
ay
(1,5
00)
(6,7
02)
8,2
02
Tra
nspare
ncy Inte
rnational R
om
ania
NC
Rom
ania
54,2
70
44,3
16
2,1
16
104,9
32
8,8
50
(17,3
12)
Tra
nspare
ncy Inte
rnational R
ussia
NC
Russia
178,4
18
429,9
61
434,4
91
125,7
19
48,1
69
Tra
nspare
ncy Inte
rnational S
erb
iaN
CS
erb
ia54,4
95
18,6
17
52,7
92
28,6
17
836
(9,1
33)
Tra
nspare
ncy Inte
rnational S
lovenia
- D
ruštv
o Inte
grite
taN
CS
lovenia
124,9
58
68,2
42
55,1
86
142,1
08
1,4
51
107
(5,6
52)
Tra
nspare
ncy Inte
rnational S
lovensko
NC
Slo
vakia
22,2
56
21,8
78
11,5
72
27,9
43
8,2
68
(3,6
49)
Tra
nspare
ncy Inte
rnational S
weden
NC
Sw
eden
(5,1
06)
5,2
72
166
Tra
nspare
ncy Inte
rnational U
KN
CU
K503
35,3
40
(1,6
78)
1,0
98,5
64
1,1
14,0
87
40,5
82
5,8
84
(27,8
24)
Tra
nspare
ncy Inte
rnational U
kra
ine
NC
Ukra
ine
139,1
47
70,1
20
110,7
21
63,2
65
5,0
35
30,2
46
Tra
nspare
ncy Inte
rnational A
ustr
ian C
hapte
rN
CA
ustr
ia33,4
67
289
289
37,7
07
(4,2
40)
Ulu
sla
rara
si S
eff
aflik
Dern
egi
NC
Turk
ey
80
67,6
07
39,6
84
483,0
14
27,9
81
162
3,3
72
(7,1
54)
Euro
pe a
nd C
entr
al A
sia
, to
tal
1,4
45
2,0
96,8
80
(10,3
90)
2,3
39,0
55
25,8
92
3,1
97,1
24
1,1
91,8
76
13,6
06
244,8
76
(194,6
00)
E =
A +
B +
C -
D
Partner
nam
eT
ype,
country
Openin
g b
ala
nce
Cash p
aid
/
(receiv
ed)
Incom
e
receiv
ed
Ex
penditu
re r
eported
Clo
sin
g b
ala
nce
AD
64
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 3
- P
artn
er f
un
din
g s
ch
ed
ule
Annex 3
- p
age 4
BC
Re
ce
iva
ble
A
dv
an
ce
Lia
bili
tyF
inal re
po
rts
Inte
rim
re
po
rts
Re
ce
iva
ble
Adv
an
ce
Lia
bili
ty
all a
mo
un
ts a
re s
tate
d in
Eu
ros
Mid
dle
eas
t an
d N
orth
Afr
ica
Bahra
in T
ranspare
ncy S
ocie
ty (
BTS
)N
CB
ahra
in9,7
00
9,7
00
I W
atc
hC
tTunis
ia103,8
15
183,3
39
53
1,1
42
270,0
75
15,9
90
Lebanese T
ranspare
ncy A
ssocia
tion (
LTA
)N
CLebanon
115,2
31
(2,8
88)
65,8
92
28,3
22
150,5
56
9,1
36
(9,7
79)
Rasheed f
or
Inte
grity
and T
ranspare
ncy
Ct
Jord
an
153,5
47
87,8
90
223,0
99
21,6
15
(3,2
77)
The C
oalit
ion f
or
Accounta
bility
and Inte
grity
(A
MA
N)
NC
Pale
stine
1,8
77
275,7
90
(16)
55,9
10
977,6
36
185,7
15
70,2
19
Tra
nspare
ncy M
aro
cN
CM
oro
cco
226,8
90
(195)
134,5
35
49,6
85
306,7
64
5,0
20
(239)
Mid
dle
East and N
ort
h A
fric
a, to
tal
1,8
77
875,2
73
(3,0
99)
537,2
66
62
156,7
85
1,1
36,2
09
-
131,6
80
(13,2
95)
Su
b-S
ah
aran
Afr
ica
Associa
cio
n N
igerienne d
e L
utte c
ontr
e la C
orr
uption
NC
Nig
er
7,7
66
(3,5
35)
27,7
87
4,4
39
31,1
14
(3,5
35)
Associa
tion B
uru
ndais
e d
es C
onsom
mate
urs
(A
BU
CO
)N
CB
uru
ndi
25,0
00
11,2
39
36,2
39
Cente
r fo
r Tra
nspare
ncy a
nd A
ccounta
bility
Lib
eria
NC
Lib
eria
24,2
53
(950)
544
24,7
97
(950)
Centr
o d
e Inte
gridade P
ublic
a (
CIP
)N
CM
ozam
biq
ue
49,7
76
37,8
22
11,9
54
Civ
il S
ocie
ty L
egis
lative A
dvocacy C
entr
e (
CIS
LA
C)
Ct
Nig
eria
3,0
00
342
3,3
42
Corr
uption W
atc
h
CiF
South
Afr
ica
5,0
00
(434)
40,6
98
119
33,2
85
5,4
57
6,6
41
Foru
m C
ivil
NC
Senegal
35,6
50
(7,5
26)
19,9
77
25,4
58
22,6
43
Ghana Inte
grity
Initia
tive (
GII)
NC
Ghana
155,3
08
(91)
222,1
98
142,7
27
119,7
88
718
114,2
73
(91)
Lig
ue C
ongola
ise d
e la lutte c
ontr
e la c
orr
uption (
LIC
OC
O)
Ct
Congo D
em
32,2
93
20,8
08
11,4
85
Tra
nspare
ncy E
thio
pia
CiF
Eth
iopia
10,0
00
10,0
00
Tra
nspare
ncy Inte
rnational C
am
ero
on
NC
Cam
ero
on
21,2
35
102,6
93
(4,5
72)
172,3
26
197,5
37
81,7
32
17,5
57
1,3
76
(6,5
20)
Tra
nspare
ncy Inte
rnational In
itia
tive M
adagascar
NC
Madagascar
6,0
95
11,4
13
6,4
00
15,1
13
6,0
95
2,7
00
Tra
nspare
ncy Inte
rnational K
enya
NC
Kenya
244,3
96
41
32,0
79
126,4
70
2,5
44
88,8
95
(5,5
51)
Tra
nspare
ncy Inte
rnational R
wanda
NC
Rw
anda
78
25,0
37
(1,0
00)
1,0
30
26,9
61
(1,8
16)
Tra
nspare
ncy Inte
rnational S
ierr
a L
eone
NC
Sie
rra L
eone
8,2
88
(1,5
00)
12,6
89
19,4
77
Tra
nspare
ncy Inte
rnational Z
am
bia
NC
Zam
bia
53,0
00
(4,3
30)
87,6
27
33,5
84
78,3
97
24,4
54
(138)
Tra
nspare
ncy Inte
rnational Z
imbabw
eN
CZ
imbabw
e28,4
86
172,4
69
8108,5
68
41,9
99
50,3
96
Tra
nspare
ncy M
auritius
NC
Mauritius
5,8
91
2,0
11
4,5
80
6,5
91
5,8
91
Tra
nspare
ncy U
ganda
NC
Uganda
39,8
75
6,9
56
27,0
59
5,8
60
Sub-S
ahara
n A
fric
a, to
tal
33,2
99
486,9
05
(23,9
38)
1,1
56,2
46
168
785,7
83
492,8
56
32,8
05
359,8
37
(18,6
01)
Coalit
ion p
art
ners
, to
tal
66,6
79
5,1
21,9
41
(63,1
41)
5,9
21,2
75
117,5
38
5,9
92,1
02
3,8
64,5
02
137,7
55
1,4
17,9
30
(247,9
97)
E =
A +
B +
C -
D
Partn
er
na
me
Ty
pe
, co
untry
Ope
nin
g b
ala
nce
Ca
sh
pa
id /
(re
ce
ive
d)
Inco
me
rece
ive
d
Ex
pe
nd
iture
re
po
rte
dC
losin
g b
ala
nce
AD
65
FIN
AN
CIA
L S
TA
TE
ME
NT
S A
S O
F 3
1 D
EC
EM
BE
R 2
015
An
ne
x 3
- P
artn
er f
un
din
g s
ch
ed
ule
Annex 3
- p
age 5
BC
Receiv
able
A
dv
ance
Lia
bili
tyF
inal re
ports
Inte
rim
reports
Receiv
able
Adv
ance
Lia
bili
ty
all a
mo
unts
are
sta
ted in E
uro
s
Oth
ers
Cypru
s U
niv
ers
ity o
f Technolo
gy
44,4
72
602
603
52,9
54
(8,4
83)
Inte
grity
Watc
h A
fghanis
tan
158,1
57
118,7
54
39,4
03
MA
NS
(The N
etw
ork
for
Aff
irm
ation o
f th
e N
GO
secto
r)52,1
57
34,6
23
63,5
19
37,7
35
(14,4
74)
One W
orld F
oundation
40,2
54
24,1
10
64,3
64
Yem
eni Team
for
Tra
nspare
ncy a
nd Inte
grity
620
114,3
41
28,6
66
620
136,2
32
6,7
75
Tra
nspare
ncy Inte
rnational Lia
ison O
ffic
e
68,6
94
(30,8
15)
143,1
28
132,9
98
171,3
91
20,3
86
(143,7
68)
Oth
ers
(expenditure
low
er
than €
50,0
00)
7,3
10
144,5
00
(21,0
05)
408,3
57
291,5
71
88,9
20
18,9
76
147,8
85
(8,1
90)
Oth
ers
, to
tal
7,9
30
464,4
18
(51,8
20)
797,6
43
-
672,4
29
487,2
32
18,9
76
214,4
49
(174,9
15)
Gran
d t
ota
l74,6
09
5,5
86,3
59
(114,9
61)
6,7
18,9
18
117,5
38
6,6
64,5
31
4,3
51,7
34
156,7
31
1,6
32,3
79
(422,9
12)
refe
rence to fin
ancia
l sta
tem
ents
note
46 d
10
ab
46
10
a)
bala
nce form
s p
art
of th
e e
ntity
's c
ash flo
ws
b)
the b
ala
nce form
s p
art
of th
e e
ntity
's o
pera
ting incom
e
c)
tota
l expenditure
report
ed o
f €11,0
13,9
54 inclu
des p
art
ner
support
and €
69,4
29 o
f expenditure
paid
to C
hapte
rs a
nd b
ooked w
ithin
'oth
er
expenditure
'
19 c
AD
E =
A +
B +
C -
D
Partner
nam
eT
ype,
country
Openin
g b
ala
nce
Cash p
aid
/
(receiv
ed)
Incom
e
receiv
ed
Ex
penditu
re r
eported
Clo
sin
g b
ala
nce
1. Scope
(1) These engagement terms are applicable to contracts between Wirt-schaftsprüfer [German Public Auditors] or Wirtschaftsprüfungsgesellschaften[German Public Audit Firms] (hereinafter collectively referred to as the“Wirtschaftsprüfer”) and their clients for audits, consulting and other engage-ments to the extent that something else has not been expressly agreed to inwriting or is not compulsory due to legal requirements.
(2) lf, in an individual case, as an exception contractual relations have alsobeen established between the Wirtschaftsprüfer and persons other than theclient, the provisions of No. 9 below also apply to such third parties.
2. Scope and performance of the engagement
(1) Subject of the Wirtschaftsprüfer’s engagement is the performance of agreedservices – not a particular economic result. The engagement is performed inaccordance with the Grundsätze ordnungsmäßiger Berufsausübung[Standards of Proper Professional Conduct]. The Wirtschaftsprüfer is entitled touse qualified persons to conduct the engagement.
(2) The application of foreign law requires – except for financial attestationengagements – an express written agreement.
(3) The engagement does not extend – to the extent it is not directed thereto –to an examination of the issue of whether the requirements of tax law or specialregulations, such as, for example, laws on price controls, laws limitingcompetition and Bewirtschaftungsrecht [laws controlling certain aspects ofspecific business operations] were observed; the same applies to thedetermination as to whether subsidies, allowances or other benefits may beclaimed. The performance of an engagement encompasses auditingprocedures aimed at the detection of the defalcation of books and records andother irregularities only if during the conduct of audits grounds therefor arise orif this has been expressly agreed to in writing.
(4) If the legal position changes subsequent to the issuance of the finalprofessional statement, the Wirtschaftsprüfer is not obliged to inform the clientof changes or any consequences resulting therefrom.
3. The client’s duty to inform
(1) The client must ensure that the Wirtschaftsprüfer – even without his specialrequest – is provided, on a timely basis, with all supporting documents andrecords required for and is informed of all events and circumstances which maybe significant to the performance of the engagement. This also applies to thosesupporting documents and records, events and circumstances which firstbecome known during the Wirtschaftsprüfer’s work.
(2) Upon the Wirtschaftsprüfer’s request, the client must confirm in a writtenstatement drafted by the Wirtschaftsprüfer that the supporting documentsand records and the information and explanations provided are complete.
4. Ensuring independence
The client guarantees to refrain from everything which may endanger theindependence of the Wirtschaftsprüfer’s staff. This particularly applies tooffers of employment and offers to undertake engagements on one’s ownaccount.
5. Reporting and verbal information
lf the Wirtschaftsprüfer is required to present the results of his work in writing,only that written presentation is authoritative. For audit engagements the long-form report should be submitted in writing to the extent that nothing else hasbeen agreed to. Verbal statements and information provided by theWirtschaftsprüfer’s staff beyond the engagement agreed to are never binding.
6. Protection of the Wirtschaftsprüfer’s intellectual property
The client guarantees that expert opinions, organizational charts, drafts,sketches, schedules and caIculations – expecially quantity and costcomputations – prepared by the Wirtschaftsprüfer within the scope of theengagement will be used only for his own purposes.
7. Transmission of the Wirtschaftsprüfer’s professional statement(1) The transmission of a Wirtschaftsprüfer’s professional statements (long-form reports, expert opinions and the like) to a third party requires theWirtschaftsprüfer’s written consent to the extent that the permission totransmit to a certain third party does not result from the engagement terms.The Wirtschaftsprüfer is liable (within the limits of No. 9) towards third partiesonly if the prerequisites of the first sentence are given.(2) The use of the Wirtschaftsprüfer’s professional statements for promotionalpurposes is not permitted; an infringement entitles the Wirtschaftsprüfer toimmediately cancel all engagements not yet conducted for the client.
8. Correction of deficiencies(1) Where there are deficiencies, the client is entitled to subsequent fulfillment[of the contract]. The client may demand a reduction in fees or the cancellationof the contract only for the failure to subsequently fulfill [the contract]; if theengagement was awarded by a person carrying on a commercial business aspart of that commercial business, a government-owned legal person underpublic law or a special government-owned fund under public law, the client maydemand the cancellation of the contract only if the services rendered are of nointerest to him due to the failure to subsequently fulfill [the contract]. No. 9applies to the extent that claims for damages exist beyond this.(2) The client must assert his claim for the correction of deficiencies in writingwithout delay. Claims pursuant to the first paragraph not arising from anintentional tort cease to be enforceable one year after the commencement ofthe statutory time limit for enforcement.(3) Obvious deficiencies, such as typing and arithmetical errors and formelleMängel [deficiencies associated with technicalities] contained in aWirtschaftsprüfer’s professional statements (long-form reports, expert opinionsand the like) may be corrected – and also be applicable versus third parties –by the Wirtschaftsprüfer at any time. Errors which may call into question theconclusions contained in the Wirtschaftsprüfer’s professional statementsentitle the Wirtschaftsprüfer to withdraw – also versus third parties – suchstatements. In the cases noted the Wirtschaftsprüfer should first hear theclient, if possible.
9. Liability(1) The liability limitation of § [“Article”] 323 (2)[“paragraph 2”] HGB
[“Handelsgesetzbuch”: German Commercial Code] applies to statutoryaudits required by law.
(2) Liability for negligence; An individual case of damagesIf neither No. 1 is applicable nor a regulation exists in an individual case,pursuant to § 54a (1) no. 2 WPO [“Wirtschaftsprüferordnung”: Law regulatingthe Profession of Wirtschaftsprüfer] the liability of the Wirtschaftsprüfer forclaims of compensatory damages of any kind – except for damages resultingfrom injury to life, body or health – for an individual case of damages resultingfrom negligence is limited to € 4 million; this also applies if liability to a personother than the client should be established. An individual case of damagesalso exists in relation to a uniform damage arising from a number of breachesof duty. The individual case of damages encompasses all consequences froma breach of duty without taking into account whether the damages occurredin one year or in a number of successive years. In this case multiple acts oromissions of acts based on a similar source of error or on a source of error ofan equivalent nature are deemed to be a uniform breach of duty if the mattersin question are legally or economically connected to one another. In this eventthe claim against the Wirtschaftsprüfer is limited to € 5 million. The limitationto the fivefold of the minimum amount insured does not apply to compulsoryaudits required by law.
(3) Preclusive deadlinesA compensatory damages claim may only be lodged within a preclusivedeadline of one year of the rightful claimant having become aware of thedamage and of the event giving rise to the claim – at the very latest, however,within 5 years subsequent to the event giving rise to the claim. The claimexpires if legal action is not taken within a six month deadline subsequent tothe written refusal of acceptance of the indemnity and the client was informedof this consequence. The right to assert the bar of the preclusive deadline remains unaffected.Sentences 1 to 3 also apply to legally required audits with statutory liabilitylimits.
General Engagement Termsfor
Wirtschaftsprüfer and Wirtschaftsprüfungsgesellschaften[German Public Auditors and Public Audit Firms]
as of January 1, 2002
This is an English translation of the German text, which is the sole authoritative version
[Translator’s notes are in square brackets]
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10. Supplementary provisions for audit engagements(1) A subsequent amendment or abridgernent of the financial statements ormanagement report audited by a Wirtschaftsprüfer and accompanied by anauditor’s report requires the written consent of the Wirtschaftsprüfer even ifthese documents are not published. If the Wirtschaftsprüfer has not issued anauditor’s report, a reference to the audit conducted by the Wirtschaftsprüferin the management report or elsewhere specified for the general public ispermitted only with the Wirtschaftsprüfer’s written consent and using thewording authorized by him.(2) lf the Wirtschaftsprüfer revokes the auditor’s report, it may no longer beused. lf the client has already made use of the auditor’s report, he mustannounce its revocation upon the Wirtschaftsprüfer’s request.(3) The client has a right to 5 copies of the long-form report. Additional copieswill be charged for separately.
11. Supplementary provisions for assistance with tax matters(1) When advising on an individual tax issue as well as when furnishingcontinuous tax advice, the Wirtschaftsprüfer is entitled to assume that thefacts provided by the client – especially numerical disclosures – are correctand complete; this also applies to bookkeeping engagements. Nevertheless,he is obliged to inform the client of any errors he has discovered.(2) The tax consulting engagement does not encompass procedures requiredto meet deadlines, unless the Wirtschaftsprüfer has explicitly accepted theengagement for this. In this event the client must provide the Wirtschafts-prüfer, on a timely basis, all supporting documents and records – especiallytax assessments – material to meeting the deadlines, so that the Wirtschafts-prüfer has an appropriate time period available to work therewith.(3) In the absence of other written agreements, continuous tax adviceencompasses the following work during the contract period:
a) preparation of annual tax returns for income tax, corporation tax andbusiness tax, as well as net worth tax returns on the basis of the annualfinancial statements and other schedules and evidence required for taxpurposes to be submitted by the client
b) examination of tax assessments in relation to the taxes mentioned in (a)c) negotiations with tax authorities in connection with the returns and
assessments mentioned in (a) and (b)d) participation in tax audits and evaluation of the results of tax audits with
respect to the taxes mentioned in (a)e) participation in Einspruchs- und Beschwerdeverfahren [appeals and
complaint procedures] with respect to the taxes mentioned in (a).In the afore-mentioned work the Wirtschaftsprüfer takes material publishedlegal decisions and administrative interpretations into account.(4) If the Wirtschaftsprüfer receives a fixed fee for continuous tax advice, inthe absence of other written agreements the work mentioned underparagraph 3 (d) and (e) will be charged separately.(5) Services with respect to special individual issues for income tax, corporatetax, business tax, valuation procedures for property and net worth taxation, andnet worth tax as well as all issues in relation to sales tax, wages tax, other taxesand dues require a special engagement. This also applies to:
a) the treatment of nonrecurring tax matters, e. g. in the field of estate tax,capital transactions tax, real estate acquisition tax
b) participation and representation in proceedings before tax andadministrative courts and in criminal proceedings with respect to taxes, and
c) the granting of advice and work with respect to expert opinions inconnection with conversions of legal form, mergers, capital increasesand reductions, financial reorganizations, admission and retirement ofpartners or sharehoIders, sale of a business, liquidations and the like.
(6) To the extent that the annual sales tax return is accepted as additional work,this does not include the review of any special accounting prerequisities nor ofthe issue as to whether all potential legal sales tax reductions have beenclaimed. No guarantee is assumed for the completeness of the supportingdocuments and records to validate the deduction of the input tax credit.
12. Confidentiality towards third parties and data security
(1 ) Pursuant to the law the Wirtschaftsprüfer is obliged to treat all facts thathe comes to know in connection with his work as confidential, irrespective ofwhether these concern the client himself or his business associations, unlessthe client releases him from this obligation.
(2) The Wirtschaftsprüfer may only release long-form reports, expert opinionsand other written statements on the results of his work to third parties with theconsent of his client.
(3) The Wirtschaftsprüfer is entitled – within the purposes stipulated by theclient – to process personal data entrusted to him or allow them to beprocessed by third parties.
13. Default of acceptance and lack of cooperation on the part of the client
lf the client defaults in accepting the services offered by the Wirtschaftsprüferor if the client does not provide the assistance incumbent on him pursuant toNo. 3 or otherwise, the Wirtschaftsprüfer is entitled to cancel the contractimmediately. The Wirtschaftsprüfer’s right to compensation for additionalexpenses as well as for damages caused by the default or the lack ofassistance is not affected, even if the Wirtschaftsprüfer does not exercise hisright to cancel.
14. Remuneration
(1 ) In addition to his claims for fees or remuneration, the Wirtschaftsprüfer isentitled to reimbursement of his outlays: sales tax will be billed separately. Hemay claim appropriate advances for remuneration and reimbursement ofoutlays and make the rendering of his services dependent upon the completesatisfaction of his claims. Multiple clients awarding engagements are jointlyand severally liable.
(2) Any set off against the Wirtschaftsprüfer’s claims for remuneration andreimbursement of outlays is permitted only for undisputed claims or claimsdetermined to be legally valid.
15. Retention and return of supporting documentation and records
(1) The Wirtschaftsprüfer retains, for ten years, the supporting documents andrecords in connection with the completion of the engagement – that had beenprovided to him and that he has prepared himself – as well as thecorrespondence with respect to the engagement.
(2) After the settlement of his claims arising from the engagement, theWirtschaftsprüfer, upon the request of the client, must return all supportingdocuments and records obtained from him or for him by reason of his work onthe engagement. This does not, however, apply to correspondenceexchanged between the Wirtschaftsprüfer and his client and to any documentsof which the client already has the original or a copy. The Wirtschaftsprüfermay prepare and retain copies or photocopies of supporting documents andrecords which he returns to the client.
16. Applicable law
Only German law applies to the engagement, its conduct and any claimsarising therefrom.
66 FINANCIAL STATEMENTS AS OF 31 DECEMBER 2015
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