Annual Report 2004
Financial Report 2004
Income (in PLN)
| Total |
55 300 079,68 |
| Foreign sources |
| Ford Foundation, New York |
18 435 415,98 |
| Open Society Institute, New York |
9 901 088,03 |
| Trust for Civil Society in Central and Eastern Europe, Washington |
8 661 845,63 |
| Robert Bosch Stiftung, Stuttgart |
1 005 065,28 |
| Charles Stewart Mott Foundation, Flint, Michigan |
185 845,00 |
| TAG The Amsterdam Group, Amsterdam |
170 880,14 |
| International Center for Alcohol Policies, Washington DC |
100 145,39 |
| Helen and Peter Maxwell, USA |
98 865,25 |
| Evens Foundation, Brussels |
48 117,50 |
| Centre for European Policy Studies, Brussels |
40 819,55 |
| Charities Aid Foundation, London |
25 237,70 |
| German Marshall Fund of the United States, Washington |
18 263,07 |
| Stichting Nexus Instituut, Tilburg, Holland |
17 234,98 |
| Embassy of the United States of America, Warsaw |
16 900,00 |
| National Endowment for Democracy, Washington |
14 812,49 |
| Bertelsmann Stiftung, Gütersloh |
8 843,00 |
| Royal Netherlands Embassy, Warsaw |
8 285,00 |
| Concord European NGO Confederation for Relief and Development, Brussels |
4 775,83 |
| Trialog Development NGOs in the Enlarged EU, Vienna |
4 224,71 |
| Soros Foundation, Budapest |
2 022,92 |
| Civil Society Development Foundation, Budapest |
2 000,00 |
| Institut für die Wissenschaften vom Menschen, Vienna |
1 258,11 |
| Individual foreign donors |
364 898,01 |
| Domestic sources |
| Levi Strauss Poland, Płock |
182 750,00 |
| Commercial Union Poland, Warsaw |
115 000,00 |
| Oracle Poland Ltd., Warsaw |
37 000,00 |
| In-kind contribution from: Agora (PLN 3 660), Talens Poland (PLN 2 189,17), Wydawnictwo Literackie publishing house (PLN 299,90) |
6 149,07 |
| Avcon Company, Lubiana, Poland |
250,00 |
| 1% personal income tax donors |
635 966,20 |
| Individual donors from Poland |
31 561,62 |
| Court penalties imposed on offenders |
2 180,00 |
| Returns of grants |
92 239,56 |
| Proceeds from office rent |
3 492 585,53 |
| Financial and other revenues |
11 567 554,13 |
Expenditure (in PLN)
| Total |
26 705 426,31 |
| Programs |
19 507 084,06 |
| Information and development |
792 505,82 |
| Administration |
1 754 928,22 |
| Amortisation |
926 190,98 |
| Financial and other costs |
3 724 717,23 |
The exchange rate for the year 2004: 1 EUR = 4,3318 PLN
Expenditure according to programs (in PLN)
| Total: |
19 507 084,06 |
| Domestic Programs |
| Civil Society Program |
2 867 001,42 |
| Third Sector Program |
7 571 419,09 |
| Legal Education Program |
1 015 326,24 |
| Anti-Corruption Program |
550 948,49 |
| Equal Opportunities Program |
1 030 155,37 |
| International Programs |
| International Cooperation Program |
1 738 331,19 |
| Twin Cities Program |
912 190,93 |
| Citizens in Action Program |
1 601 052,29 |
| Community Initiatives Partnership Program |
70 792,46 |
| East-East Program |
1 171 239,67 |
| Regional Drug and Alcohol Program |
978 626,91 |
Balance Sheet (in PLN)
| ASSETS |
As of |
| 01.01.2004 |
31.12.2004 |
| 1 |
2 |
3 |
4 |
| A |
Fixed assets |
45 883 083,50 |
68 218 611,01 |
| I |
Intangible fixed assets |
7 679,27 |
590,75 |
| II |
Tangible fixed assets |
29 693 607,73 |
28 652 370,26 |
| III |
Long-term receivables |
100 505,50 |
0,00 |
| IV |
Long -term investments |
16 081 291,00 |
39 565 650,00 |
| B |
Current assets |
63 469 379,46 |
51 893 150,49 |
| II |
Short-term receivables |
242 084,07 |
224 810,00 |
| |
- budget receivables |
8 557,44 |
6 507,70 |
| |
- trade debtors |
152 784,71 |
84 937,20 |
| |
- receivables from employees |
9 763,86 |
4 700,81 |
| |
- other receivables |
70 978,06 |
128 664,29 |
| III |
Short-term investments |
63 184 623,83 |
51 630 978,20 |
| 1 |
Short-term assets |
42 617 996,73 |
40 729 923,93 |
| |
- equities |
16 999 966,53 |
20 620 777,27 |
| |
- others |
25 618 030,20 |
20 109 146,66 |
| 2 |
Cash and other monetary assets |
20 566 627,10 |
10 901 054,27 |
| |
- cash in hand |
19 513,37 |
5 618,81 |
| |
- current bank account (PLN) |
1 394 316,32 |
918 235,81 |
| |
- adjunct bank account (PLN) |
33 647,79 |
33 047,41 |
| |
- current foreign currency account |
483 680,42 |
67 102,15 |
| |
- cash in stock brokerage office |
3 411 060,87 |
333 556,94 |
| |
- other cash (bank deposits, treasury bills) |
14 228 000,00 |
8 060 519,00 |
| |
- other monetary assets |
996 408,33 |
1 482 974,15 |
| IV |
Short-term deferred charges |
42 671,56 |
37 362,29 |
| LIABILITIES |
As of |
| 01.01.2004 |
31.12.2004 |
| 5 |
6 |
7 |
8 |
| A |
Enterprise fund |
61 517 821,43 |
90 322 545,64 |
| I |
Statutory capital |
38 284 649,94 |
58 812 391,03 |
| |
including: |
|
|
| |
- net assets |
3 918 049,57 |
3 780 122,88 |
| |
- undistributed profit (loss) |
34 238 582,17 |
54 927 510,40 |
| |
- start-up fund |
128 018,20 |
104 757,75 |
| II |
Fund of long-term investments |
38 077,02 |
409 335,00 |
| III |
Financial result |
23 195 094,47 |
31 100 819,61 |
| |
- from previous years |
3 825 100,50 |
2 506 166,24 |
| |
- from this year |
19 369 993,97 |
28 594 653,37 |
| B |
Liabilities and reserve fund |
47 834 641,53 |
29 789 215,86 |
| I |
Long-term liabilities |
739 926,94 |
330 488,24 |
| II |
Short-term liabilities |
12 021 806,60 |
4 580 244,34 |
| 1 |
Liabilities |
11 988 158,81 |
4 547 196,93 |
| |
- grant creditors |
11 244 524,07 |
3 508 168,60 |
| |
- trade creditors |
328 220,62 |
98 224,34 |
| |
- amounts owned to employees |
1 472,42 |
222,47 |
| |
- uncollected salaries |
226 022,19 |
15 074,00 |
| |
- amounts due to the state budget |
149 509,66 |
129 292,02 |
| |
- social security contributions |
38 409,85 |
51 680,78 |
| |
- others |
0,00 |
744 534,72 |
| 2 |
Company social fund |
33 647,79 |
33 047,41 |
| III |
Deferred income |
35 072 907,99 |
24 878 483,28 |
| |
- long-term |
35 055 855,41 |
23 944 216,13 |
| |
- short-term |
17 052,58 |
934 267,15 |
Profit and Loss Account (in PLN)
| Item |
Description |
Amount |
| 2003 |
2004 |
| 1 |
2 |
3 |
4 |
| A |
Income for statutory activities |
42 169 275,11 |
43 732 525,55 |
| 1 |
Income for public benefit activity |
38 536 869,64 |
40 239 940,02 |
| 2 |
Other income defined by statute |
3 632 405,47 |
3 492 585,53 |
| B |
Costs of statutory activities |
24 933 396,42 |
19 507 084,06 |
| C |
Gross profit (loss) on statutory activities A-B |
17 235 878,69 |
24 225 441,49 |
| D |
Foundation office costs |
3 365 901,60 |
3 473 625,02 |
| 1 |
Material and energy consumption |
315 247,01 |
254 155,60 |
| 2 |
Outsourced services |
740 501,83 |
1 071 760,51 |
| 3 |
Depreciation |
899 634,81 |
926 190,98 |
| 4 |
Salaries and surcharges |
989 298,29 |
740 451,68 |
| 5 |
Other costs |
421 219,66 |
481 066,25 |
| E |
Other income (not recorded in items A and G) |
12 232,26 |
70 988,38 |
| F |
Other costs (not recorded in items B, D and H) |
4 970,25 |
2 433,66 |
| G |
Financial income |
6 306 806,19 |
11 496 565,75 |
| H |
Financial costs |
814 051,32 |
3 722 283,57 |
| I |
Result C-D+E-F+G-H |
19 369 993,97 |
28 594 653,37 |
| J |
Extraordinary profit (loss) |
0,00 |
0,00 |
| 1 |
Profit |
0,00 |
0,00 |
| 2 |
Loss |
0,00 |
0,00 |
| K |
Corporate tax |
0,00 |
0,00 |
Opinion of the independent auditor
We have audited the accompanying financial statements of Stefan Batory Foundation, seated in Warsaw, Sapieżyńska 10 A, consisting of the introduction to the financial statements, the balance sheet as at 31 December 2004 with total assets and total liabilities and equity of PLN 120 111 761,50; the profit and loss account for the year then ended with a net profit of PLN 28 594 653,37; and the supplementary information and explanations.
The management of the Foundation is responsible for the true and fair presentation of the financial statements and the accuracy of the accounting records. Our responsibility is to audit and express an opinion on the true and fair presentation of the financial statements and whether the financial statements are derived from properly maintained accounting records.
We conducted our audit in accordance with International Standards on Auditing as promulgated by the International Federation of Accountants, section 7 of the Polish Accounting Act dated 29 September 1994 (Official Journal from 2002, No. 76, item 694 with amendments) and the professional standards established by the Polish National Council of Certified Auditors. These standards require that we plan and perform the audit to obtain a reasonable basis for expressing an opinion on the financial statements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management of the Foundation, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements of the Stefan Batory Foundation have been prepared from properly maintained accounting records and present fairly, in all material aspects, the financial position of the Foundation as at 31 December 2004 and the results of its operations for the year then ended in accordance with the accounting standards as set out in the Polish Accounting Act dated 29 September 1994 and the Minister of Finance’s decree on the specific accounting principles for certain entities which do not operate based on Commercial Code regulations and are not involved in business activities, dated 15 November 2001 (Official Journal No. 137, item 1539), and are in compliance with the respective laws and regulations, and the provisions of the Foundation’s statute that apply to the Foundation’s financial statements.
As required under the Polish Accounting Act dated 29 September 1994 we also report that the Report on the Foundation’s activities includes the information required by Art. 49 Note 2 of the Accounting Act and the information is consistent with the financial statements.
/signed on the Polish original/
Certified Auditor No. 90060/74956
Wojciech Stopka, Member of the Board of Directors
/signed on the Polish original/
For KPMG Polska Audyt Sp. z o.o.
ul. Chłodna 51, 00-867 Warszawa
Certified Auditor No. 90060/74956
Wojciech Stopka
Member of the Board of Directors
Warsaw, 10 March 2005
Copyright © Fundacja Batorego
|
