Plan Worldwide Annual Review and Combined Financial ...

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Combined statement of changes in fund balances Unrestricted Temporarily restricted Permanently restricted Total €000 €000 €000 €000 Fund balances at 1 July 2010 158,936 95,032 12,272 266,240 Excess of income over expenditure 5,760 23,795 644 30,199 Unrealised gains on investments available for sale 522 - - 522 Exchange rate movements (1,197) (3,561) (1,347) (6,105) Total excess of comprehensive income over expenditure 5,085 20,234 (703) 24,616 Fund balances at 1 July 2011 164,021 115,266 11,569 290,856 Excess of income over expenditure 1,989 6,977 1,716 10,682 Unrealised losses on investments available for sale (244) - - (244) Exchange rate movements 3,494 6,339 1,480 11,313 Total excess of comprehensive income over expenditure 5,239 13,316 3,196 21,751 Fund balances at 30 June 2012 169,260 128,582 14,765 312,607 The notes on pages 15 to 39 form part of these financial statements. 14
Notes to combined financial statements 1. Principal accounting policies a. Presentation and functional currency The directors of PI Inc have concluded that the functional currency of PI Inc is the Euro on the basis that this is the predominant currency affecting PI Inc’s operations worldwide. In addition, they have decided to present these combined financial statements in Euros. The functional currency of the NOs and Plan Ltd is their local currency, as this is the predominant currency that affects their operations. b. Basis of accounting The combined financial statements have been prepared in accordance with International Financial Reporting Standards and IFRIC Interpretations and under the historical cost convention as modified by the revaluation of certain financial instruments in accordance with IAS 39, Financial Instruments: Recognition and Measurement except for: • These financial statements have been prepared on a combined basis; and • The accounting treatment adopted for entities combined for the first time. The basis of accounting and the accounting policies adopted by Plan in preparing these combined financial statements are consistent with those applied in the year ended 30 June 2011. The following Amendments and Interpretations of existing standards have been adopted in Plan’s combined financial statements for the year ended 30 June 2012, but have not had an impact: • Amendment to IFRS 1, First time adoption – government loans • IFRIC 20, Stripping costs in the production phase of a surface mine Additionally, Plan has adopted in the combined financial statements for the year ended 30 June 2012 the Amendment to IAS 1, Presentation of Financial Statements. This has had a minor impact on the Combined statement of profit or loss and other comprehensive income and expenditure. The following Standards and amendments to existing standards will be adopted in Plan’s combined financial statements for the year ending 30 June 2013 or later years. The impact is being assessed. • IFRS 9, Financial Instruments • Additions to IFRS 9 for Financial Liability Accounting • IFRS 10, Consolidated Financial Statements • IFRS 11, Joint Arrangements • IFRS 12, Disclosure of Interests in Other Entities • IAS 27 Revised, Separate financial statements • IAS 28 Revised, Associates and joint ventures • IFRS 13, Fair Value Measurement • IAS 19 Revised, Employee benefits • Amendment to IFRS 7, Financial instruments: Disclosures • IAS 32 Financial instruments: Presentation • Annual improvements 2011 Plan International Worldwide Combined Financial Statements for the year ended 30 June 2012 15
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Page 5 and 6: © Plan Norway’s youth work to be
Page 7 and 8: Chief Executive Officer’s introdu
Page 9 and 10: How we work Plan sees a clear link
Page 11 and 12: Work during 2012 towards our strate
Page 13 and 14: Evaluating our child protection pro
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Page 17 and 18: Child protection Economic security
Page 19 and 20: Plan’s global spend in 2012 €79
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Page 48 and 49: Expenditure on sexual and reproduct
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Page 52 and 53: Combined statement of financial pos
Page 56 and 57: c. Basis of combined financial stat
Page 58 and 59: i. Investments Investments that Pla
Page 60 and 61: 2. Income a. Income by source 2012
Page 62 and 63: 3. Expenditure a. Expenditure by pr
Page 64 and 65: 3b. Expenditure by location (i) Nat
Page 66 and 67: 3c. Expenditure by type Note 2012 2
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Page 72 and 73: The table below analyses financial
Page 74 and 75: Forward foreign exchange contracts
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Page 78 and 79: Provisions for other liabilities an
Page 80: Plan International Headquarters Duk
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