Annual report 2009 - Handicap International

xz Financial reportIncome statement at 31 st December 2009(in thousands US$) Rate 1.4406EXPENSES 2009 2008Purchase of raw materials and othersuppliesOther purchases and external expensesTaxes and similar expensesWages, salaries and social chargesProvisions on current assetsOther operating expenses4,716.241,788.91,565.539,391.42,823.113,506.95,053.446,805.91,652.939,110.92,911.512,217.9Operating expenses 103,792.1 107,752.7Interest and similar expensesExchanges lossesIncrease in provisions and depreciation0.11,348.1274.21,952.1694.5897.2Financial expenses 1,622.3 3,543.8Exceptional expenses from managementoperationsExceptional expenses from capital expensesExceptional increase in provisions anddepreciation1,042.5378.9745.5 1,519.9Exceptional expenses 2,166.8 2,483.8Expenses total for the financial year 107,581.2 113,780.3Commitments up to the amount allocated fundsTaxes on business activities583.4355.7190.2773.71,039.9182.0Expenses total 108,520.3 115,002.2Net incomeValuation of contribution in kind3,838.02,023.8– 5,369.32,262.7General total 114,382.2 111,895.7INCOMES 2009 2008Donations, legacies and sponsoringFinancing from international organisationsFinancing from national organisationsFinancing from private organisationsOther operating incomes51,814.522,756.919,372.55,658.97,993.551,269.818,889.516,073.17,556.58,569.0Operating income 107,596.2 102,357.9Financial interestExchange gainsWrite back of provisions, transfer of charges14.0655.0198.7499.4435.92,219.2Financial income 867.7 3,154.5Exceptional income from managementoperationsExceptional income from capitaltransactionsWrite back of provisions, transfer of charges104.12,421.1551.1246.92,761.6431.7Exceptional income 3,076.3 3,440.2Incomes total for the financial year 111,540.2 108,952.6Carry over of funds not used from previousyear 818.1 680.4Incomes total 112,358.4 109,633.0Valuation of contribution in kind 2,023.8 2,262.7General total 114,382.2 111,895.7xz Understanding the new CER (statement of utilisation of funds) (see next page)A new presentationColumns (1) and (2) show respectively the uses of funds - orexpenses - incurred in the year and the funds received - receipts- for the year. Columns (3) and (4) show the funds raised fromthe general public, and how they are used in the year.Social missionsThe line item “Social missions carried out in France”(US$8.3 million) is principally made up of costs incurred inthe International Campaign to Ban Landmines and ClusterMunitions, and costs of raising public awareness on theinclusion of people with disabilities. The line item “Socialmissions carried out abroad” (US$75.9 million) is made up offield operating expenses, to which are added the expensesincurred at head office in managing and running them(steering, personnel administration, support services).Public fundraising expensesThe expenses of fundraising from the general public (US$14.3million) include direct fundraising expenses (publishing andpostage, internet, couponing) and donor and SolidaritySponsor administration expenses (expenses of processingfunds received, despatching tax certificates). They alsoinclude the expenses of solidarity shopping and co-brandingproducts. Also included in this line item are the expenses ofraising public and private institutional funds (US$0.75 million).Administrative expensesThis heading (US$7.5 million) is made up partly of expensesof a general nature incurred at the Association’s headoffice and partly of expenses of information for the generalpublic (excluding development education and raising publicawareness of social missions).Resources raised from the public broughtforwardThe total of donated funds available at the beginning of theyear ($5.78 million), coming from funds raised in previousyears, represented the equivalent of 1.3 months of publicdonation requirements for the year (US$53.6 million).The difference between these figures demonstrates theAssociation’s need to raise from the general public duringthe current year the majority of the funds it needs to run itsoperations, on top of institutional funding. At the end of 2009,total available donated funds, not used during the year, stoodat US$8.76 million.22 ı Annual report 2009