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Plan Worldwide Annual Review and Combined Financial ...

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13. Related parties<br />

Hilfe mit <strong>Plan</strong> is an independent foundation, registered in Germany, that administers a number of independent non-<strong>Plan</strong> trusts. As two of<br />

its directors are also on the Board of <strong>Plan</strong> Germany, Hilfe mit <strong>Plan</strong> is considered to be a related party of <strong>Plan</strong> Germany. During the year to<br />

30 June 2012 <strong>Plan</strong> Germany donated €5.8 million to Hilfe mit <strong>Plan</strong>. In January 2012 Hilfe mit <strong>Plan</strong> purchased the building that is currently partly<br />

occupied by <strong>Plan</strong> Germany. Once the building has been refurbished, it will be occupied by both <strong>Plan</strong> Germany <strong>and</strong> by other tenants so will provide<br />

a steady source of future income for Hilfe mit <strong>Plan</strong>. <strong>Plan</strong> Germany has secured rent predictability <strong>and</strong> cost stability for future years through the<br />

arrangement. In 2012 <strong>Plan</strong> Germany paid rental of €0.2 million to Hilfe mit <strong>Plan</strong>. Also in 2012, <strong>Plan</strong> Germany received donations of €1.2 million<br />

from Hilfe mit <strong>Plan</strong> <strong>and</strong> its independent trusts for development programmes. There were no amounts owing to or from Hilfe mit <strong>Plan</strong> at<br />

30 June 2012 or 30 June 2011.<br />

In the previous financial year there were payments of €0.2 million to related parties.<br />

<strong>Plan</strong> International <strong>Worldwide</strong> <strong>Combined</strong> <strong>Financial</strong> Statements for the year ended 30 June 2012<br />

39

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