Annual Report 2007
Abbreviated Financial Report 2007
| Open Society Institute, New York |
8 855 250,00 |
| Trust for Civil Society in Central and Eastern Europe, Washington |
1 432 235,00 |
| Robert Bosch Foundation, Stuttgart |
796 808,03 |
| Remembrance, Responsibility and Future Foundation, Berlin |
718 789,81 |
| Ford Foundation, New York |
515 884,20 |
| 1% Personal Income Tax Donations |
328 286,50 |
| Ministry of Foreign Affairs, Warsaw |
217 519,71 |
| Friends of Batory Foundation, Washington (from donations by Helen and Peter Maxwell and Taube Foundation for Jewish Life and Culture ) |
156 632,41 |
| Agora S.A., Warsaw |
153 439,40 |
| NGO Fund of European Economic Area Financial Mechanism and Norwegian Financial Mechanism |
144 000,00 |
| Commercial Union Poland, Warsaw |
100 000,00 |
| Agora Foundation, Warsaw |
100 000,00 |
| Centre for European Policy Studies, Brussels |
36 762,91 |
| Nestlé Poland S.A., Warsaw |
30 000,00 |
| Individual Donors from Poland |
7 463,00 |
| Royal Netherlands Embassy, Warsaw |
5 370,04 |
| Open Society Institute, Paris |
3 755,27 |
| Damage fines adjudged by the courts in favor of the Foundation |
1 000,00 |
| SPPID Association |
300,00 |
| Commercial Bank BH, Warsaw |
62,09 |
| Grants returned |
80 785,73 |
| Total |
13 684 344,10 |
Expenditure (in PLN)
| Programs |
13 545 613,35 |
| Information and development |
318 924,75 |
| Administration |
2 125 832,04 |
| Depreciation |
1 046 491,39 |
| Total |
17 036 861,53 |
Expenditure according to programs (in PLN)
Domestic Programs
|
| Batory Foundation Debates |
182 639,56 |
| Your Vote, Your Choice |
518 624,58 |
| Civic Institutions |
1 159 610,38 |
| Equal Opportunities |
1 224 412,92 |
| For Tolerance |
813 155,62 |
| Watchdog Initiatives |
883 570,00 |
| Legal Education |
717 998,36 |
| Anti-Corruption |
423 003,40 |
International Programs
|
| Community Initiatives Partnership |
987 730,58 |
| Memoria |
768 112,70 |
| East-East |
1 581 525,16 |
| Citizens in Action |
2 677 261,76 |
| International Cooperation |
1 027 555,87 |
| Regional Drug and Alcohol Program |
580 412,46 |
| Total (PLN) |
13 545 613,35 |
The average exchange rate for the year 2007:
1 USD = PLN 2.7667
1 EUR = PLN 3.7829
Structure of total expenditures
Structure of program expenditures
Expenditures according to program areas
Profit and Loss Account (in PLN)
| Item |
Description |
Amount |
| 2006 |
2007 |
| 1 |
2 |
3 |
4 |
| A |
Income for statutory activities |
29 166 354,67 |
15 720 548,67 |
| 1 |
Income for public benefit activity |
27 352 119,53 |
13 684 344,10 |
| 2 |
Other income defined by statute |
1 814 235,14 |
2 036 204,57 |
| B |
Costs of statutory activities |
16 826 295,86 |
13 545 613,35 |
| C |
Gross profit on statutory activities A-B |
12 340 058,81 |
2 174 935,32 |
| D |
Foundation office costs |
3 313 783,87 |
3 491 248,18 |
| 1 |
Material and energy consumption |
289 628,32 |
243 937,46 |
| 2 |
Third party services |
799 454,17 |
1 266 046,78 |
| 3 |
Depreciation |
992 328,08 |
1 046 491,39 |
| 4 |
Salaries and related expenses |
855 843,13 |
739 919,92 |
| 5 |
Other costs |
376 530,17 |
194 852,63 |
| E |
Other income |
51 971,06 |
55 030,72 |
| F |
Other costs |
776,34 |
23 755,91 |
| G |
Financial income |
11 910 043,23 |
21 113 369,95 |
| H |
Financial costs |
1 328 709,01 |
483 303,48 |
| I |
Gross financial result on entire activity C-D+E-F+G-H |
19 658 803,88 |
19 345 028,42 |
| J |
Corporate income tax |
2 434,00 |
3 937,00 |
| |
Net profit I -J |
19 656 369,88 |
19 341 091,42 |
Balance Sheet (in PLN)
| ASSETS |
As of |
| 31.12.2006 |
31.12.2007 |
| 1 |
2 |
3 |
4 |
| A |
Fixed assets |
86 689 065,83 |
95 718 056,14 |
| I |
Intangible fixed assets |
7 822,57 |
55 479,87 |
| II |
Tangible fixed assets |
26 876 178,26 |
25 863 776,27 |
| - perpetual usufruct of land |
3 557 806,80 |
3 450 805,08 |
| - building |
22 345 811,70 |
21 644 260,92 |
| - equipment |
972 559,76 |
768 710,27 |
| III |
Long-term investments |
59 805 065,00 |
69 798 800,00 |
| B |
Current assets |
72 865 293,48 |
72 988 933,22 |
| II |
Short-term receivables |
839 810,46 |
32 635,49 |
| - trade receivables |
29 840,69 |
327 298,31 |
| - financial assets receivables |
0,00 |
1 223 324,06 |
| - other receivables |
2 794,80 |
46 101,39 |
| II |
Short-term investments |
72 793 482,28 |
71 360 001,23 |
| 1 |
Short-term financial assets |
66 690 614,59 |
57 034 385,06 |
| - shares |
37 551 766,34 |
36 711 236,14 |
| - government bonds, bank deposits, investment funds unit |
27 595 844,75 |
18 225 172,92 |
| - others (interest on government bonds) |
1 543 003,50 |
2 097 976,00 |
| 2 |
Cash and other monetary assets |
6 102 867,69 |
14 325 616,17 |
| - cash in hand and bank accounts |
6 102 867,69 |
9 555 499,09 |
| - other cash (bank deposits) |
0,00 |
4 770 117,08 |
| III |
Short-term prepayments |
39 175,71 |
32 208,23 |
| |
TOTAL ASSETS |
159 554 359,31 |
168 706 989,36 |
| EQUITY AND LIABILITIES |
As of |
| 31.12.2006 |
31.12.2007 |
| 5 |
6 |
7 |
8 |
| A |
Equity |
156 141 226,85 |
165 599 504,94 |
| I |
Statutory capital |
79 657 409,87 |
108 477 504,35 |
| - undistributed profit |
79 550 487,62 |
108 384 919,51 |
| - start-up fund |
106 922,25 |
92 584,84 |
| II |
Revaluation reserve |
9 713 593,29 |
(154 882,63) |
| III |
Financial result |
66 770 223,69 |
57 276 883,22 |
| - from previous years |
47 113 853,81 |
37 935 791,80 |
| - from current year |
19 656 369,88 |
19 341 091,42 |
| B |
Liabilities |
3 413 132,46 |
3 107 484,42 |
| I |
Long-term liabilities |
64 649,00 |
621 513,64 |
| II |
Short-term liabilities |
3 340 859,11 |
2 227 633,55 |
| 1 |
Liabilities |
3 286 097,43 |
2 169 547,04 |
| - grants payables |
2 823 597,26 |
1 728 223,22 |
| - trade payables |
235 726,58 |
206 779,27 |
| - amounts owned to the state budget |
112 935,87 |
136 312,96 |
| - social security payables |
81 603,16 |
68 301,04 |
| - others |
32 234,56 |
29 930,55 |
| 2 |
Social fund |
54 761,68 |
58 086,51 |
| III |
Accruals and deferred income |
7 624,35 |
258 337,23 |
| - short-term |
7 624,35 |
258 337,23 |
| |
TOTAL EQUITY AND LIABILITIES |
159 554 359,31 |
168 706 989,36 |
REGISTERED AUDITOR’S OPINION ON THE ABBREVIATED FINANCIAL REPORT
The attached abbreviated financial report of Fundacja im. Stefana Batorego, ul. Sapieżyńska 10 a, Warszawa (hereafter referred to as “the Foundation”) was prepared by the Management Board of the Foundation based on the audited financial statements of the Foundation for the year ended 31 December 2007 (“the financial statements”).The financial statements were prepared in accordance with the requirements of the Polish Accounting Act and the Decree of the Minister of Finance on specific accounting regulations for certain organizations other than commercial companies and not engaged in business. We have audited the financial statements of the Foundation, from which the abbreviated financial report was derived, in accordance with auditing standards issued by the National Council of Registered Auditors in Poland. On 10 April 2008 we issued an unqualified audit opinion on these financial statements. In our opinion, the abbreviated financial report presented on the previous pages is consistent, in all material respects, with the Foundation’s financial statements from which it was derived. For a fuller understanding of the Foundation’s financial position and the results of its operations for the year ended 31 December 2007, the abbreviated financial report should be read in conjunction with the financial statements from which it was derived and our opinion and audit report thereon.
On behalf of PricewaterhouseCoopers Sp. z o.o.:
Michał Mastalerz
Member of the Management Board
Registered Auditor No. 90074/7719
Registered Audit Company No. 144
Kraków, 10 April 2008 r.
Copyright © Fundacja Batorego
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