FINANCIAL REPORT 2020
Financial Report 2020
3 Comment on the Financial Report 2020 4 Balance Sheet 5 Income Statement 5 Statement of Changes in Equity 6 Cash Flow Statement 7 Notes 26 Report of the Auditors
2 Swiss Tropical and Public Health Institute
Financial Report 2020
Comment on the Financial Report 2020 From Mathias Kronig, Administrative Director ad interim and Head of Finance & Controlling and Stephan Schwarz, Head of Controlling
Swiss TPH presents an ordinary result of CHF – 1,153,410 in 2020, compared to CHF – 208,623 in 2019. The operating result from activities amounts to CHF – 393,390, which represents a decrease of CHF 406,750 over the previous year (CHF 13,360). The main reason was the negative impact of COVID-19 on services such as travel advice and vaccination. The financial result reached CHF – 760,020 (CHF – 221,983 in 2019), which was mainly caused by exchange rate losses on USD/CHF. In 2020, the total operating income of Swiss TPH slightly increased (+1 %) from CHF 90.3 million in 2019 to CHF 91.3 million in 2020. The core funding remained relatively stable at CHF 19.8 million in 2020 (net increase of CHF 0.45 million compared to 2019). CHF 1.8 million were recognised as deferred income for Belo Horizonte, which led the total deferred income for Belo Horizonte over the past 4 years CHF 10 million. The entire amount has been used to create an investment fund for the new headquarters. The COVID-19 pandemic had also an impact on third party funding. As there were less eligible costs on travel expenses and project activities, the self-managed income from research, education and services in 2020 was CHF 60.8 million, resulting in a decrease of CHF 8.5 million (– 12 %) compared to 2019. Due to less travel activity, travel expenses decreased significantly by CHF 1.5 million (– 58 %), as well as expenses for projects abroad by CHF 4.8 million (– 19 %). However, the decrease mainly affected the fiduciary funds CHF – 5.8 million, while other project activities abroad increased slightly by CHF 1 million.
As in previous years, additional depreciations for building installations were booked in 2020. These installations will not be used in the new headquarters Belo Horizonte in Allschwil (which will be completed by the end of 2021), and will be fully amortized before having reached the end of their useful life. Compared to 2020, the balance sheet total increased by 35 % and CHF 22.3 million to CHF 86.4 million. CHF 10 million are due for the creation of an investment fund for assets for Belo Horizonte. CHF 44.5 million are deferred income from third parties funded project activities. Of the total investments amounts CHF 1,844,021 (CHF 663,028 in 2019), CHF 544,802 are for equipment in construction for the new building, which will be activated in 2021. CHF 510,387 were project investments of which all were depreciated in the month of purchase and CHF 281,612 were intangible assets. The figures in the Financial Report 2020 could result in a rounding difference.
The majority of local project expenditures, totalling CHF 20.3 million, was spent in Africa (CHF 12.6 million). The spending for projects conducted in Europe (CHF – 3.8 million / – 35 %) and Asia (CHF – 1.2 million / – 59 %) decreased between 2019 and 2020.
Swiss Tropical and Public Health Institute 3
Financial Report 2020
Balance Sheet Notes
31.12.2020 CHF
31.12.2019 CHF
4.1
50,843,938
30,293,000
Assets Cash and cash equivalents Projects abroad
1,282,341
1,332,466
4.2
13,111,735
15,738,352
11,527
49,407
Other short-term receivables
4.3
5,858,799
4,588,737
Provision for bad debts
4.4
– 74,400
– 191,800
Prepayments and accrued income
4.5
7,831,029
4,345,698
Inventories
4.6
Receivables from services Rudolf Geigy Foundation
228,333
353,241
79,093,302
56,509,101
4.7
4,706,909
5,505,981 1,432,167
Current assets Building Equipment
4.7
2,023,847
Long-term financial assets
4.8
62,536
62,536
Intangible assets
4.7
511,392
564,109
7,304,684
7,564,793
86,397,986
64,073,894
13,715,705
5,157,852
904,349
692,027
88,585
140,718
Non-current assets Total assets Liabilities and equity Payables from goods and services Other payables Projects with own accounts Key deposit
105,100
107,025
Accrued liabilities and deferred income
4.10
50,763,345
38,030,443
Short-term provisions
4.11
1,811,094
1,609,270
4.9
1,000,000
0
68,388,178
45,737,335 1,000,000
Mortgages Current liabilities
4.9
0
Other long-term liabilities
Mortgages
4.12
783,310
791,908
Long-term provisions
4.13
1,943,061
1,907,804
Long-term deferred income
4.13
0
8,200,000
Investment fund Belo Horizonte
4.13
10,000,000
0
Non-current liabilities
12,726,371
11,899,712
Total liabilities
81,114,549
57,637,047
6,436,847
6,645,470
On 1 January Result of the year Total equity at the end of the year Total liabilities and equity
4 Swiss Tropical and Public Health Institute
– 1,153,410
– 208,623
5,283,437
6,436,847
86,397,986
64,073,894
Financial Report 2020
Income Statement Notes
31.12.2020 CHF
31.12.2019 CHF
Self-managed income from research, education and services
4.14
60,831,526
69,356,774
Core funding national and local government
4.15
19,801,419
19,347,829
Other operating income
4.16
1,759,578
2,032,845
Recognition of deferred income building Belo Horizonte
4.13
10,000,000
0
Change in unbilled services
4.17
– 1,062,096
– 414,258
91,330,427
90,323,190 – 51,498,978
Total operating income Personnel expenses
4.18
– 49,010,628
Material expenses
4.19
– 3,589,533
– 3,917,498
Depreciation of tangible assets
4.7
– 1,259,414
– 1,231,297
Amortisation on intangible assets
4.7
– 334,329
– 307,076
Administrative expenses
4.20
– 4,188,114
– 5,058,979
Other operating expenses
4.21
– 23,341,799
– 28,296,002
Creation of investment fund Belo Horizonte
4.13
Total operating expenses
– 10,000,000
0
– 91,723,817
– 90,309,830
– 393,390
13,360
Operating result Financial result
4.22
Ordinary result
– 760,020
– 221,983
– 1 ,153,410
– 208,623
Extraordinary result Result of the year
0
0
– 1 ,153,410
– 208,623
Statement of Changes in Equity Notes
Equity as of 1 January Result of the year Equity as of 31 December
2020 CHF
2019 CHF
6,436,847
6,645,470
– 1,153,410
– 208,623
5,283,437
6,436,847
Swiss Tropical and Public Health Institute 5
Financial Report 2020
Statement of Cash Flows for the year ended 31 December Notes
2020 CHF
2019 CHF
– 1 ,153,410
– 208,623
Cash flows from operating activities Result of the year
2,383,860
2,303,644
Depreciation of tangible assets
Adjustments for non-cash income and expenses 4.7
1,259,414
1,227,824
Depreciation of project investments
4.7
510,387
124,619
Amortisation of intangible assets
4.7
334,329
307,076
Losses on asset disposals
4.7
Losses for bad debts
0
3,473
42,648
38,265
Decrease (–) / Increase (+) in long-term provisions
4.13
35,257
210,005
Decrease (–) / Increase (+) in short-term provisions
4.11
201,825
392,382
Changes in operating assets and liabilities Increase (–) / Decrease (+) in receivables
19,364,510
2,948,263
– 348,561
– 3,735,927 1,822,108
“Increase (–) / Decrease (+) in prepayments and accrued income”
4.5
– 1,852,259
Increase (–) / Decrease (+) in inventories
4.6
124,909
– 140,854
8,716,117
2,568,161
12,732,902
2,077,493
Decrease (–) / Increase (+) in payables “Decrease (–) / Increase (+) in accrued liabilities and deferred income”
4.10
“Decrease (–) / Increase (+) in long-term liabilities and long-term deferred income”
4.12
Cash inflow from operating activities
– 8,598
357,282
20,594,960
5,043,284
Cash flows from investing activities Outflows for purchase of tangible assets
4.7
– 1,562,409
– 570,972
Inflows from disposals of tangible assets
4.7
0
7,901
Outflows for purchase of intangible assets
4.7
– 281,612
– 92,056
Inflows from disposals of intangible assets
4.7
0
0
– 1 ,844,021
– 655,127
Cash drain from investing activities Cash flows from financing activities Repayment mortgage Basler Kantonalbank
4.9
0
– 500,000
4.15
1,800,000
2,500,000
1,800,000
2,000,000
Net de-/increase in cash and cash equivalents
20,550,939
6,388,157
thereof blocked by projects
– 1,478,668
1,195,847
thereof fully disposable
22,029,607
5,192,310
Cash and cash equivalents at beginning of year
30,293,000
23,904,842
Cash and cash equivalents at end of year
50,843,938
30,293,000
Cash advance from subsidies Cash drain from financing activities
thereof blocked by projects thereof fully disposable
6 Swiss Tropical and Public Health Institute
3,553,480
5,032,148
47,290,458
25,260,852
Financial Report 2020
Notes 1. General information The Swiss Tropical and Public Health Institute (Swiss TPH) is a public organisation based in Basel (Switzerland) with its own legal status under the laws of Switzerland (“öffentlich-rechtliche Anstalt”). By uniquely combining research, education and services, Swiss TPH aims to improve the health and well-being of populations through a better understanding of disease and health systems and by acting on this knowledge. Our translational approach, from innovation and validation to application, enables us to bring novel diagnostics, treatments and vaccines directly to people and communities. On 1 January 2017, the treaty between the Canton Basel-Stadt and the Canton Basel-Landschaft concerning the common ownership of the Swiss TPH came into force.
2. Organisation and Governance Board of Governors The board of Governors is called the “Kuratorium”. Its members and its president are appointed by the Government of Canton Basel-Stadt and the Canton of Basel-Landschaft. The composition of the Kuratorium is as follows: Dr. Andreas Burckhardt (Chairman)
Committee The Committee monitors the financial and accounting processes and systems of Swiss TPH, evaluates the independence and effectiveness of the external auditors and ensures the flow of communication between the Directorate, the Administration, Auditors, and the Board of Governors (“Kuratorium”). The Committee makes appropriate recommendations to the Kuratorium. The members of the committee are: Dr. Andreas Burckhardt (Chairman) Dr. Ariane Bürgin Dr. Doris Fellenstein Wirth Mr. Christoph Tschumi Auditor PricewaterhouseCoopers AG, Basel has been assigned by the Governments of the Cantons Basel-Stadt and Basel-Landschaft as the auditor of Swiss TPH.
3. Basis of preparation and accounting policies Accounting Standard These financial statements have been prepared in accordance with the Swiss GAAP FER issued by the foundation for accounting and reporting recommendation, Switzerland.
Dr. Ariane Bürgin
Currency
Prof. Dr. François Chappuis
Swiss TPH presentation currency is CHF (Swiss francs).
Prof. Dr. Sabina De Geest Dr. Doris Fellenstein Wirth PD Dr. Monika Wenk (until 31 December 2020) Dr. Olivier Küttel (as of 1 January 2021) Dr. Cornelia Staehelin Prof. Dr. Didier Trono (until 31 December 2020) Mr. Christoph Tschumi
Foreign currency transactions Assets and liabilities in foreign currency are valuated at the exchange rate provided by the federal tax administration at the balance sheet date. Foreign currency transactions are recorded on initial recognition in the functional currency at the transaction rate. Exchange rate differences are recognised in the income statement.
Swiss Tropical and Public Health Institute 7
Financial Report 2020 Revenue recognition Revenue from rendering medical services and fees from teaching and training are recognised in the period of providing those services. Revenue from projects is recognised to the extent of the recoverable expenses of the reporting period. Project results are neutralised during the project period, an eventual result is realised at the end of the project. Funds from national and local government are recognised in the period for which they were funded. Borrowing costs All borrowing costs are recognised in the income statement in the period in which they are incurred. Property, plant and equipment Core tangible fixed assets items are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged so as to allocate the cost of assets less their residual values over their estimated lifetime, using the straight-line method. The following annual rates are used for depreciation of property, plant and equipment.
Asset category
Annual depreciation rate
Useful life in years
Land
0.00 %
-
Buildings Basel
3.00 %
33.33
Building installations Basel
5.00 %
20.00
10.00 %
10.00
Laboratory equipment
12.50 %
8.00
Medical equipment
20.00 %
5.00
Offices machines, communication systems
20.00 %
5.00
Vehicles
20.00 %
5.00
Tools, utensils
10.00 %
10.00
Hardware
25.00 %
4.00
10.00 %
10.00
Assets in leasing
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of an asset, the deprecation of that asset is revised prospectively to reflect the new expectations. Long-term financial assets Employer contribution reserves or similar items are recognised as assets under long-term financial assets. The difference to the respective value of the prior year is recognised as personnel expenses in the result of the period. Intangible assets Intangible assets are purchased computer software that is measured at cost less accumulated amortisation and any accumulated impairment losses. It is amortised over its estimated useful life time of four years using the straight-line method. Inventories Inventories are valued at the lower of cost and selling price. Cost is calculated using the average-method. Impairment of assets
Furnishings
Collections, books, movies
The capitalisation of maintenance costs depends on if they are value-preserving or value-adding respectively extending the useful life of the respective fixed asset.
depending on contracts
Fixed assets at costs less than CHF 5,000 are not capitalised. Fixed assets purchased with projects funds for the purpose of project operations are not capitalised as the ownership of these assets remains with the donor.
8 Swiss Tropical and Public Health Institute
At each reporting date, fixed and intangible assets are reviewed to determine whether they have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount. An impairment loss is recognised immediately in the income statement. Similarly, at each reporting date, inventories are assessed for impairment by comparing the carrying account of each inventory item with its selling price less costs to complete and sell. If an item of inventory is impaired, an impairment loss is recognised immediately in the income statement.
Financial Report 2020 If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement. Receivables The size of impairments in receivables is considered as the difference between the carrying amount of the assets and the present value of the expected future cash flow. The provision for bad debts is calculated by categorising the debts as follows:
Due amount
Days past due
Provision
< CHF 30,000
>0
2 %
> CHF 30,000
1 – 90
2 %
> CHF 30,000
91 – 180
15 %
> CHF 30,000
181 – 270
30 %
> CHF 30,000
271 – 360
50 %
> CHF 30,000
> 360
100 %
Payables Payables are recorded at their fair value, represented by the amount to pay. Provisions Provisions are determined based on impartial and economically reasonable principals. Risks are taken into account adequately.
Swiss Tropical and Public Health Institute 9
Financial Report 2020
4. Notes on the financial statement 4.1 Cash and cash equivalents
2020 CHF
Cash in hand
2019 CHF
40,309
55,614
Post accounts
4,029,548
1,875,988
Bank accounts
43,220,601
23,329,250
Cash and cash equivalents projects abroad
3,553,480
5,032,148
Bank accounts in Basel
2,181,369
3,090,349
3,717
157,635
Cash in hand Bank accounts abroad TOTAL
Due to the subsequent invoicing and payment of the University of Basel for advance payments made by Swiss TPH in relation to the new building Belo Horizonte, cash holdings increased significantly again. At the end of the year, approx-
4.2 Receivables from services
Foreign currency
Open positions in CHF
1,368,395
1,784,163
50,843,938
30,293,000
imately CHF 26 million was invoiced to the University of Basel and transferred to Swiss TPH. Furthermore, due to the low interest rates worldwide, donors are increasingly inclined to make advance payments of project funds.
2020 CHF
Exchange rate
Foreign currency
10,984,238
2019 CHF
Exchange rate
13,318,642
Open positions in USD
1,920,168
1,697,321
0.88
1,739,112
1,684,111
0.97
Open positions in EUR
101,164
109,414
1.08
254,526
276,670
1.09
Open positions in AUD
0
0
0
0
Open positions in GBP
0
0
500
641
Receivables from medical and diagnostic services
320,762
Medical services
46,105
103,947
274,656
354,341
13,111,735
15,738,352
Diagnostics TOTAL
458,288
10 Swiss Tropical and Public Health Institute
1.28
Financial Report 2020 4.3 Other short-term receivables
2020 CHF
Staff advances Advances for project activities Withholding tax Basel based rent deposits Other receivables TOTAL
4.4 Provision for bad debts
Provision in %
Amount CHF
2020 Provision CHF
2019 CHF
69,530
84,476
5,618,120
2,717,411
4,118
13,378
49,009
55,900
118,021
84,500
5,858,799
2,955,665
Provision in %
Amount CHF
2019 Provision CHF
Amounts due > CHF 30,000 1 – 90 days
2 %
237,119
0
2 %
2,235,377
33,907
90 – 180 days
15 %
39,691
0
15 %
61,972
71
180 – 270 days
30 %
0
0
30 %
0
0
270 – 360 days > 360 days
50 %
0
0
50 %
148,334
74,167
100 %
89,483
51,983
100 %
51,983
51,983
2 %
1,123,159
22,463
2 %
1,581,275
Amounts due < CHF 30,000 > 0 days
31,626
TOTAL
74,447
191,754
Provision for bad debts (rounded)
74,400
191,800
Payments up to 11 February 2021 are included in the calculation. 4.5 Prepayments and accrued income
2020 CHF
2019 CHF
Accrued income projects
2,516,599
3,549,357
Advances Helvetia BVG*
4,678,108
1,633,072
538,438
513,608
Overhead contribution for SNSF projects Accounts paid in advance TOTAL
97,884
282,733
7,831,029
5,978,770
2020 CHF
2019 CHF
*Reclassification from “4.3 Other short-term receivables” to “4.5 Prepayments and accrued income”
4.6 Inventories
Vaccines
102,272
233,888
Stock information technology
126,061
119,353
TOTAL
228,333
353,241
Swiss Tropical and Public Health Institute 11
Financial Report 2020
4.7 Tangible and intangible assets Tangible assets
Land and buildings without CIP
Construction in progress (CIP)
Land and buildings
Laboratory equipment
Other equipment
Work in progress
Finance leases
6,305,064
0
6,305,064
941,034
484,894
0
0
0 11,015,358
4,111,255
2,666,508
0
393,320 0
Net carrying amount 1 January 2019 Cost 1 January 2019
11,015,359
Additions
0
0
0
330,475
39,671
76,207
Reclassifications
0
0
0
0
0
0
0
Disposals
0
0
0
0
– 32,474
0
0
0 11,015,358
4,441,730
2,673,705
76,207
393,320
4,710,294
0
4,710,294
3,170,221
2,181,614
0
393,320
799,084
0
799,084
212,909
215,831
0
0
Impairment
0
0
0
0
0
0
0
Reclassification
0
0
0
0
0
0
0
Disposals
0
0
0
0
– 21,100
0
0
5,509,378
0
5,509,378
3,383,130
2,376,345
0
393,320
5,505,981
0
5,505,980
1,058,601
297,360
76,207
0
5,505,980
0
5,505,980
1,058,601
297,360
76,207
0
0 11,015,358
393,320
31 December 2019
11,015,359
Accumulated depreciation 1 January 2019 Annual depreciation
31 December 2019 Net carrying amount 31 December 2019 Net carrying amount 1 January 2020 Cost 1 January 2020
4,441,730
2,673,705
76,207
Additions
0
0
0
312,385
194,835
544,802
0
Reclassifications
0
0
0
393,320
76,207
– 76,207
– 393,320
Disposals
0
0
0
0
– 92,515
0
0
0 11,015,358
5,147,435
2,852,232
544,802
0
5,509,378
0
5,509,378
3,383,130
2,376,345
0
393,320 0
31 December 2020
11,015,359
11,015,359
Accumulated depreciation 1 January 2020 Annual depreciation
799,072
0
799,072
226,561
233,782
0
Impairment
0
0
0
0
0
0
0
Reclassification
0
0
0
393,320
0
0
– 393,320
Disposals
0
0
0
0
– 92,515
0
0
6,308,450
0
6,308,450
4,003,010
2,517,612
0
0
4,706,909
0
4,706,909
1,144,425
334,620
544,802
0
31 December 2020 Net carrying amount 31 December 2020
The new building “Belo Horizonte” is being constructed in Allschwil (Basel-Landschaft) and will be ready by the end of 2021. With the move of Swiss TPH to Allschwil, the buildings at the actual headquarter at Socinstrasse will be abandoned and with it the building installation re-
12 Swiss Tropical and Public Health Institute
flected in the tangible assets. Therefore, additional yearly CHF 0.9 million of depreciation for building installations started in 2015, adjusting the remaining useful time until end of 2021.
Financial Report 2020
Equipment
Total without Projects
1,425,928
7,730,992
0
7,171,083 18,186,441
3,627,333
446,354
446,354
Projects Total tangible assets
124,619
Intangible assets
Software
Software work in progress
Total intangible assets
Total fixed assets register
7,730,992
631,944
147,185
779,129
8,510,122
21,813,775
1,576,741
147,185
1,723,925
23,537,700
570,972
25,011
67,045
92,056
663,029
0
0
0
0
0
0
0
0
– 32,474
– 32,475
0
– 32,474
0
0
0
– 32,474
7,584,963 18,600,320
3,751,952 22,352,273
1,601,752
214,230
5,745,155 10,455,449
3,627,333
14,082,782
944,797
0
944,797
15,027,578
124,619
1,352,443
307,076
0
307,076
1,659,519
0
0
0
0
0
0
0
0
0
0
0
0
– 21,100
0
0
0
– 21,100
3,751,952 15,414,124
1,251,873
0
428,740 0
1,227,824 0
0
0
– 21,100
– 21,100
6,152,795 11,662,173
0
1,815,982 24,168,255
1,251,873 16,665,997
1,432,168
6,938,147
0
6,938,148
349,879
214,230
564,109
7,502,257
1,432,168
6,938,148
0
6,938,148
349,879
214,229
564,109
7,502,257
3,751,952 22,352,273
1,601,752
214,229
1,562,409
268,408
13,204
281,612
7,584,962 18,600,320 1,052,022
1,052,022
510,387
1,815,981 24,168,254 1,844,021
0
0
0
0
214,230
– 214,230
0
0
– 92,515
– 92,516
– 129,475
– 221,990
0
0
0
– 221,990
8,544,469 19,559,826
4,132,865 23,692,692
2,084,390
13,204
2,097,593 25,790,286
6,152,795
3,751,952
15,414,124
1,251,873
0
1,251,873 16,665,997
1,769,801
334,329
0
334,329
2,104,131
0
0
0
0
0
460,342 0
11,662,173 1,259,414 0
510,387 0
0
0
0
0
0
0
0
0
– 92,515
– 92,515
– 129,475
– 221,990
0
0
0
– 221,990
4,132,864 16,961,936
1,586,202
0
498,188
13,204
6,520,622 12,829,071
2,023,847
6,730,755
0
6,730,757
1,586,202 18,548,138
511,392
7,242,149
Swiss Tropical and Public Health Institute 13
Financial Report 2020 Fire insurance value
2020 CHF
2019 CHF
9,348,000
9,261,000
138.30
137.00
13,000,000
13,000,000
Property plant “Gebäuderversicherung des Kantons Basel-Stadt, Socinstr. 57, Basel” Index Equipment "Police 3.233.381 - AXA Winterthur Insurance (from 01.09.2011)”
Investments > CHF 5,000 with project funds (not capitalised) The ownership of investments paid with project funds generally remains with the donor. Therefore, these investments are not capitalised but
recorded in the fixed assets register and disclosed:
2020 No
Project
Item
Purchase of date
Value in CHF
554
5805 - Genotyping 09.18 – 12.31
BSD puncher model BSD600 Ascent A2
01.01.20
48,674
557
3600 - HI MI Management C. Lengeler
Thermalcycler CFX96
01.02.20
23,384
558
5805 - Genotyping 09.18 – 12.31
QS5 QPCR System Tower
01.01.20
30,270
559
5805 - Genotyping 09.18 – 12.31
QIAsymphony SP
01.01.20
150,780
562
8526 - KfW MTN/NTD Phase I 15.09.17 – 14.08.21
KIA Sportage MY2020
01.04.20
40,044
567
3411 - SDC JOHI, Ethiopia 10.15 – 12.20
Wellwash 1x12 888 – 703025A
01.07.20
7,715
568
4014 - SNF/UniBS Sapaldia 5 04.18 – 12.22
Ultra Tiefkühlschrank DF 8520+
01.07.20
16,172
569
3448 - BMGF-AFROBIOTA EED 07.20 – 12.22
Anaerobic Chamber + Incubator Dehumidifer
01.08.20
49,868 34,730
570
3448 - BMGF-AFROBIOTA EED 07.20 – 12.22
CM Infinite Mono 200
01.08.20
575
3401 - HAHU-OH Service
3401 - HAHU-OH Service
01.09.20
9,089
576
6413 - STJF NIIDS 04.19 – 12.22
6413 - STJF NIIDS 04.19 – 12.22
01.09.20
6,629
577
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
Sysmex XN350
01.09.20
17,953
579
5500 - MED Department Management CC
Select TS Washer + 800TS Absorbande Reader
01.09.20
31,567
580
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
Cobas c111 w/o ISE
01.09.20
19,823
581
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
lectrolyte Analyzer 9180
01.09.20
10,542
585
3448 - BMGF-AFROBIOTA EED 07.20 – 12.22
Kühl-Zentrifuge 5427 R inkl Rotor FA-45 – 30 – 11
01.10.20
6,495
588
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
HAIER -86 C Ultratiefkühlschrank
01.11.20
6,653
TOTAL Additions
14 Swiss Tropical and Public Health Institute
510,387
Financial Report 2020
No
Project
Item
446
SRHU Management
Land Cruiser 76 4x4 53
Purchase of date
Value in CHF
01.12.2016
57,679.69
484
Strategische Projekte und Forschung MED
Sono Book 9 Main unit
03.01.18
18,153.86
486
SRHU Management
Véhicule marque RV4
01.11.17
9,147.19
502
KfW MTN/NTD Phase I 15.09.17-14.08.21
Toyota Prado TX-L 4x4 2986 CC DSL 5P
22.02.18
44,493.84
TOTAL Disposals
129’475
TOTAL
380’913
2019 No
Project
Item
Purchase of date
Value in CHF
532
BMGF combination chemotherapy
3 Diff Hematology Analyzer
01.02.19
5,744
535
SNF Sinergia GHI / EPFL
Biorack 4800 + Roller Base
01.02.19
6,967
537
SDC JOHI, Ethiopia
Trimble R2
01.02.19
13,272
538
MMV Medicine for Malaria
MACSQuant Analyzer
05.03.19
10,000
543
Genotyping
Biometra Tone 96 Gradient (2 Stück)
01.08.19
12,843
544
SNF / UniBs Eccellenza
Miniamp Thermal Cycler
01.09.19
14,400 15,373
545
Diverse LS90
Seqstudio Smartst
01.09.19
551
Genotyping
Synergy H1M Multi-Detection
22.11.19
33,818
Mindray M7 Adv. Portable Ultrasound Machine
10.12.19
12,202
552 Emergency IFA TOTAL Additions
124,619 No Disposals 0
TOTAL Disposals
0 TOTAL
4.8 Long-term financial assets
124,619
2020 CHF
2019 CHF
Employer contribution reserves of the pension fund (refer also to note 4.8)
62,536
62,536
TOTAL
62,536
62,536
2020 CHF
2019 CHF
Liens registered in the land register
4,400,000
4,400,000
Claimed liens
2,400,000
2,400,000
BKB, 29.04.2011 – 29.04.2021
1,000,000
1,000,000
Carrying amount (Land and buildings, refer to note 4.7)
4,706,909
5,505,980
4.9 Mortgages Mortgages in favour of third parties Building Socinstrasse 57
Long-term payables
Swiss Tropical and Public Health Institute 15
Financial Report 2020 4.10 Accrued liabilities and deferred income Projects Swiss National Science Foundation projects - overhead
2020 CHF
2019 CHF
44,509,229
37,277,803
671,668
463,248
Provision for Audit PwC
54,281
77,239
Overtime to be paid in the following year
39,181
40,409
Employer's liability insurance Extraordinary compensations paid in the following year Other accrued liabilities TOTAL
Based on the accounts at the end of the year, the project leaders evaluated the accrued revenues and expenses (cost to complete) for their projects. These evaluations were taken into consideration by the Directorate on the occasion of the approval
4.11 Short-term provisions
Changes of provisions
Not compensated vacation
2,674
4,349
156,393
98,000
5,329,919
69,395
50,763,345
38,030,443
of the financial statement. All of the project related deferred incomes are sustained based on an existing project contract. At the moment, there is no indication for any losses from long-term projects, which would need to be recognised.
SDC MEP SDC PADS procureprocurement of ment of equipment motorbikes
Insolvency Tojik Bank Tajikistian
Research fund
Total
CHF
CHF
CHF
CHF
CHF
CHF
1,040,179
0
0
30,000
146,709
1,216,888
Creation
146,333
90,000
120,000
30,000
16,710
403,043
Utilization
– 10,661
0
0
0
0
– 10,661
Carrying amount as per 31.12.2019
1,175,851
90,000
120,000
60,000
163,419
1,609,270
Carrying amount as per 01.01.2020
1,175,851
90,000
120,000
60,000
163,419
1,609,270
366,921
0
0
148,663
515,584
– 305,614
0
– 8,145
0
0
– 313,759
1,237,158
90,000
111,855
60,000
312,082
1,811,095
Carrying amount as per 01.01.2019
Creation Utilization Carrying amount as per 31.12.2020
Due to irregularities identified in the procurement of equipment in the SDC project “Medical Education Reform Project” (MEP) in Tajikistan, a provision of CHF 90,000 was accrued in 2019 for the additional costs that may occur. A final decision is expected in 2021. The bank in Tajikistan holding SDC funding in the amount of CHF 60,000 for the MEP faced liquidity shortages. The remaining funds were promised to be paid out in limited tranches on a weekly basis – the bank did not comply with this promise in 2020. The amount of CHF 60,000
16 Swiss Tropical and Public Health Institute
is expected to be lost in 2021 due to the closure of the local office in Tajikistan in 2021. Significant irregularities and a confirmed fraud attempt committed by the supplier in the procurement process of motorcycles in the SDC project “Programme d’Appui aux Districts Sanitaires” PADS in Chad still foresee a potential damage of CHF 111,855. The research provision was increased by CHF 148,663 due to the internal regulations for the research fund.
Financial Report 2020 4.12 Other non current liabilities
2020 CHF
2019 CHF
Swiss National Science Foundation projects - Overhead (long term)
783,310
791,908
TOTAL
783,310
791,908
The total overhead contribution of the Swiss National Science Foundation (SNSF) is paid in the year of grant allocation. The provision allows
4.13 Long-term provisions and deferred income subsidies
Funds for collaborators in case of Hardship
Changes of provisions and deferred income subsidies Carrying amount as per 01.01.2019
the use of the contribution during the whole project period.
Potential taxes abroad
End of contract payments
Belo Belo Horizonte Horizonte deferred Investment income fund
Total
CHF
CHF
CHF
CHF
CHF
500,000
1,155,524
42,276
5,700,000
0
7,397,800
Creation
0
198,181
51,196
2,500,000
0
2,749,377
Utilization
0
– 36,043
– 3,330
0
0
– 39,373
Carrying amount as per 31.12.2019
500,000
1,317,662
90,142
8,200,000
0 10,107,804
Carrying amount as per 01.01.2020
500,000
1,317,662
90,142
8,200,000
0
0
148,072
38,078
1,800,000 10,000,000 11,986,150
Creation Utilization Carrying amount as per 31.12.2020
0
– 150,893
500,000
1,314,840
According to the decision made at the Directorate’s meeting (17 until 19 October 2006), a provision of CHF 500,000 for personnel or their dependants in case of hardship was created. The disposition of fund means is defined in the fund regulations.
0 – 10,000,000 128,220
10,107,805
0 – 10,150,893
0 10,000,000 11,943,061
According to local labour law in various project countries such as the Democratic Republic of the Congo, Albania or Rwanda, end of contract payments are to be borne by the employer.
Swiss TPH committed to cover CHF 10,000,000 of the investments costs of the new building The provision for potential taxes abroad is creat- “Belo Horizonte”. For this purpose, this amount ed for those countries where expatriate or local was accrued in the period of 2017 – 2020. By the Swiss TPH staff are possibly supposed to pay End of 2020 the total amount of CHF 10,000,000 income taxes. was used to create an investment fund “Belo Horizonte” according to the investment fund regulation of Swiss TPH.
4.14 Self-managed income from research, education and services
2020 CHF
2019 CHF
Medical services
4,869,651
5,252,940
Education
1,391,873
2,309,700
25,802,546
25,560,438
As per activity
Research Services
28,767,456
36,233,696
TOTAL
60,831,526
69,356,774
Swiss Tropical and Public Health Institute 17
Financial Report 2020 4.15 Core contributions national and local government In addition to the income generated competitively through research and services, Swiss TPH re-
ceives funding from the local and the national government. 2020 CHF
2019 CHF
Canton Basel-Landschaft
3,630,000
3,630,000
Subsidies
3,630,000
3,630,000
Canton Basel-Stadt
3,630,000
3,630,000
Subsidies
3,630,000
3,630,000
University of Basel
6,650,519
6,600,429
Structural professorships
6,040,000
6,040,000
Matching funds for SNSF-projects
271,903
213,902
Overhead contribution for SNSF-projects
338,616
346,527
Swiss National Government
6,140,900
6,237,400
Swiss National Government (Leading House Africa activities)
1,550,000
1,750,000
21,601,419
21,847,829
Subtotal Deferred income new building Belo Horizonte
– 1,800,000
– 2,500,000
TOTAL
19,801,419
19,347,829
According to the decision made by the local government of the canton Basel-Landschaft “Landrat des Kantons Basel-Landschaft” on 17 December
2017 CHF
2018 CHF
2019 CHF
2020 CHF
3,630,000
3,630,000
3,630,000
3,630,000
According to the decision made by the local government of the canton Basel-Stadt “Grosser Rat des Kantons Basel-Stadt” on 3 February 2016, for
2017 CHF
2018 CHF
2019 CHF
2020 CHF
2,000,000
2,000,000
3,630,000
3,630,000
According to the decision made by the local government of the canton Basel-Stadt “Regierungsrat des Kantons Basel-Stadt” on 30 June 2015, for
2017 CHF
2018 CHF
1,630,000
1,630,000
18 Swiss Tropical and Public Health Institute
2015, for the period of 2017 – 2020, subsidies of a total of CHF 14,520,000 are granted as follows:
the period of 2017 – 2020 subsidies of a total of CHF 11,260,000 are granted as follows:
the period of 2017 – 2018 a start-up financing (Anschubsfinanzierung) of a total of CHF 3,260,000 is given by the Swisslos-Fund.
Financial Report 2020
Within the scope of the inter-cantonal contract concerning the common ownership of the University of Basel between the cantons of Basel-Stadt and Basel-Landschaft, Swiss TPH was granted a contribution of CHF 6,040,000 (2019: CHF 6,040,000) for the period of 2020 for structural professorships and teaching activities within the curriculum of the University of Basel. In 2020, CHF 271,903 (2019: CHF 213,902) was credited as matching funds for the Swiss National Science Foundation (SNSF) projects and the amount of CHF 338,616 (2019: CHF 346,527) as share of SNSF-overhead contribution. The Swiss Federal Council granted Swiss TPH CHF 25,000,000 for scientific activities in the period of 2017 – 2020. The amount 2018 was reduced by 3 % from CHF 6,201,500 to CHF 6,015,600 due to an inflation adjustment in order to be in line with the debt break as decided by the Swiss Par-
4.16 Other operating income
liament. The amount 2020 was also reduced by 3 % from CHF 6,327,800 to CHF 6,140,900. Under condition of the yearly budget approval by the Swiss Parliament, Swiss TPH has received the following amounts: 2017 CHF
2018 CHF
2019 CHF
2020 CHF
6,233,300
6,015,600
6,237,400
6,140,900
As a founding member of the Centre Suisse de Recherches Scientifiques en Côte d’Ivoire (CSRS) and the Ifakara Health Institute (IHI) in Tanzania, Swiss TPH acts as the leading house on behalf of the State Secretariat for Education, Research and Innovation (SERI) and administers CHF 500,000 for each of these institutions.
2020 CHF
2019 CHF
As per activity Medical services
710,848
122,855
Education
234,662
302,942
Research
617,409
957,384
Services TOTAL
Other operating income is income which is not related directly to grant and project contracts
4.17 Change in unbilled services
196,660
649,664
1,759,578
2,032,845
such as royalties, consultancies, cafeteria, reimbursed travel cost, etc.
2020 CHF
2019 CHF
– 98,458
– 19,552
70,504
– 931,499
As per activity Education Research Services
1,090,050
536,793
TOTAL
1,062,096
– 414,258
Swiss Tropical and Public Health Institute 19
Financial Report 2020 4.18 Personnel expenses
2020 CHF
2019 CHF
36,535,904
35,671,143
As per nature Salaries Allowances
1,533,023
1,519,106
Social insurance
5,294,686
5,051,206
Consultancies
3,162,425
4,798,822
Recruiting Continuous education Travel expenses Other personal costs TOTAL
10,063
16,179
985,677
1,255,905
1,122,978
2,651,087
365,872
535,530
49,010,628
51,498,978
As reported in the income statement, Swiss TPH recorded its employee benefits in the line personnel expenses.
All expenses and costs are recognised in the income statement. In respect of accruals for overtime and vacation please refer to note 4.10 and 4.11.
Pension funds
interest (1 % since 1 January 2017). This pension plan is part of a collective plan with reinsurance arrangements (full insurance within the framework of a collective insurance contract), Swiss TPH is not the risk bearer and therefore no additional payment obligations can arise in case of a deficit.
Swiss TPH’s pension plan is a pension scheme according to the federal law on occupational pension schemes (BVG) and is part of the “Helvetia Sammelstiftung für Personalvorsorge”, contract number 30935. The funding consists of employees’ contributions, and of an annual
Personnel expenses
2020 CHF
2019 CHF
2,210,031
2,107,393
Pension benefit expenses Helvetia Sammelstiftung (Employer contribution) Economic impact of the pension fund TOTAL
0
0
2,210,031
2,107,393
Employer contribution reserves of the pension fund (refer also to note 4.8)
62,536
62,536
TOTAL
62,536
62,536
2020 CHF
2019 CHF
Members of the Board of Governors (CHF; expenses)
0
600
Heads
9
9
Compensation Board of Governors (Kuratorium)
No compensation is paid to the Board of Governors. Only defined trip allowances and boarding costs are paid.
20 Swiss Tropical and Public Health Institute
Financial Report 2020
Directorate salaries Members of the Directorate (CHF; salaries only) Heads FTE
1,232,989
1,365,031
7
7
7.0
7.0
2020 CHF
2019 CHF
Expenses to the Directorate are paid according to the Manual for Employees. 4.19 Material expenses As per nature “Investments > CHF 5,000 with project funds (not capitalised)”
510,387
124,619
Equipment < CHF 5,000
798,242
1,105,339
2,227,190
2,643,110
Consumables Documentation Periodical publications
4,489
5,212
16,220
23,749
Books
33,004
15,469
TOTAL
3,589,533
3,917,498
2020 CHF
2019 CHF
4.20 Administrative expenses As per nature Informatics
1,084,172
1,074,157
Office material, printed matters
292,687
302,964
Phone, fax, internet
199,722
235,120
Postage
279,576
192,752
Audit fees headquarters
73,111
79,698
Audit fees projects
79,891
112,846
1,117,398
949,580
Expenses meetings, guests, seminaries
729,312
1,561,212
Donations, fees
332,245
550,650
4,188,114
5,058,979
Consultancy fees
TOTAL
Swiss Tropical and Public Health Institute 21
Financial Report 2020 4.21 Other operating expenses
2020 CHF
2019 CHF
1,889,234
1,987,746
472,703
483,867
As per nature Maintenance and rent Maintenance, repair of equipment Vehicle costs
6,146
3,986
84,231
105,303
Energy, disposal
489,922
448,800
Marketing and PR
107,022
121,191
Project expenditures abroad
20,292,542
25,145,109
TOTAL
23,341,800
28,296,002
SDC (Swiss Agency for Development and Cooperation)
9,618,060
16,235,379
CHAI (Clinton Health Access Initiative)
1,465,349
1,544,049 1,040,124
Insurance
Project expenditures abroad by donors
SNSF (Swiss National Science Foundation)
1,223,378
Swiss TPH (institutional projects)
1,168,791
1,231,766
Other
1,380,883
2,020,530
GF (Global Fund to Fight AIDS, Tuberculosis and Malaria)
1,024,949
1,137,104
Cordaid (Catholic Organisation for Relief & Development Aid)
874,620
1,179,007
Fondation Botnar
501,897
53,802
Stanley Thomas Johnson Foundation
490,739
45,017
BMGF (Bill & Melinda Gates Foundation)
432,065
323,875
PATH
430,424
0
EDCTP
421,609
0
Unisanté (Fondation Botnar)
356,855
0
Unisanté (SDC)
285,005
0
KfW (Kreditanstalt für Wiederaufbau)
185,157
177,280
Moritz Straus Stiftung
94,563
0
FIND Geneva
93,655
70,246
Fondazione Adiuvare
79,901
0
Rudolf Geigy Foundation
61,042
0
GAVI (The Vaccine Alliance)
59,332
86,930
UNFPA Rwanda TOTAL
44,271
0
20,292,542
25,145,109
Please note: A donor is listed if more than CHF 40,000 is expensed in 2020. Project expenditures abroad by geographical regions 121,863
78,604
Eastern Africa
Southern Africa
4,902,196
4,726,502
Western Africa
1,898,184
2,083,987
Middle Africa Africa
22 Swiss Tropical and Public Health Institute
5,646,138
5,442,266
12,568,380
12,331,359
Financial Report 2020
2020 CHF
2019 CHF
Project expenditures abroad by geographical regions Southern Asia
106,716
43,078
53,310
145,868
675,568
1,841,910
0
4,696
835,594
2,035,552
Eastern Europe
2,956,258
8,869,866
Western Europe
3,928,974
1,748,748
Europe
6,885,232
10,618,614
South-Eastern Asia Central Asia Western Asia Asia
South America Central America Latin America and the Caribbean Project expenditures abroad
4.22 Financial result
3,335
95,191
0
64,393
3,335
159,584
20,292,542
25,145,109
2020 CHF
2019 CHF
Financial income Interests on bank- and post accounts Interests on fixed deposits and call money
276
24
11,504
38,224
Exchange rate differences (gains)
157,919
77,321
Subtotal
169,699
115,569
Financial expenses – 3,694
– 10,849
Bank accounts fees
Card fees
– 25,738
– 33,168
Interest on mortgages
– 32,025
– 34,417
Interest on arrears Other interests Exchange rate differences (losses) Miscellaneous
– 552
– 1,271
– 34,607
– 3,830
– 833,103
– 254,004
0
– 14
Subtotal
– 929,719
– 337,553
TOTAL financial result
– 760,020
– 221,983
Swiss Tropical and Public Health Institute 23
Financial Report 2020
5. Related party transactions The purpose of the Rudolf Geigy Foundation is to support Swiss TPH in different projects. The following list shows the granting of funds: Granting of Funds
2020 CHF
2019 CHF
453,167
502,412
28,000
56,100
481,167
558,512
34,000
41,000
150,000
150,000
10,000
10,000
Malaria funds Scientific collaboration Tanzania and Côte d'Ivoire L. Hofer, malaria - insect. resistence mosquitos Subtotal General funds HCTMC, scholarships Support Swiss TPH, rent reduction Support Swiss TPH, gardening costs L. Meier, further education Unterstützung Projekt VapaGuide A. Knoblauch, Project with Drones Madagascar
0
3,512
22,000
125,000
0
26,904
J. Keiser, Projekt Côte d’Ivoire
40,000
0
WHO Clinical Research Fellowship
20,000
0
Subtotal
216,000
356,416
Total
697,167
914,928
For the year 2020, Swiss TPH paid a rental fee of CHF 643,720 for the buildings owned by the Rudolf Geigy Foundation.
6. Risk assessment Swiss TPH actively manages its risks related to the financial statement. A yearly risk assessment considers the probability of occurrence and the severity of damages of the identified risks and appropriate measures are defined. The risk assessment is performed by the Directorate and then subsequently reviewed and approved by the Board of Governors.
24 Swiss Tropical and Public Health Institute
7. Approval of financial statements These financial statements were prepared and approved by the management of Swiss TPH as representatives of the Board of Directors. They are subject to final approval by the Board of Governors (Kuratorium) on 25 May 2021.
Financial Report 2020
8. COVID-19 impact / subsequent events after the balance sheet date
– While some education and teaching activities could be conducted via virtual channels or as hybrid-teaching, several postgraduate courses needed to be cancelled or postponed (e.g. Health Care Management). A significant drop in turnover of courses resulted in a loss of about CHF 164,000. – Swiss TPH has not applied for government-supported loans.
The COVID-19 outbreak developed rapidly in 2020, with a significant number of infections – Other research activities could be continued and deaths in Switzerland and worldwide, inin the usual way. cluding in the countries where Swiss TPH car– The negative financial result of CHF 760,000 ries out research and operations. Measures mainly due to USD/CHF exchange rate affected taken by governments to contain the spread of mainly project activities. SARS-CoV-2 have affected Swiss TPH activities in research, education and services in many – The strong liquidity of Swiss TPH has not been ways: negatively affected. – Self-managed income from research, education and services decreased by approximately CHF 8.5 million.
– For some research groups, the COVID-19 pandemic has triggered a higher demand and therefore a potential higher income can be expected in the years to come.
– The walk-in travel clinic was closed, which caused a loss of around CHF 653,000, mainly explained by a sharp decline in demand.
– As the pandemic persists in 2021 and easing measures are progressing only slowly, risks and uncertainty remain in the travel clinic and – Short-time working compensation (Kurzarbediagnostics in particular. itsentschädigung) was applied for 6 weeks in – The State Secretariat for Education, Research the Medical Services unit and the Diagnostic and Innovation (SERI) increased their core unit, which was compensated with CHF 39,234. contribution for the next 4 years (2021 – 2024) – Additionally, we obtained compensation of from CHF 25 million to CHF 32 million, which working days due to home-school by employwill strengthen the Swiss TPH’s financial poees with children, which was triggered by the sition. governmental closure of schools, day-care facilities and kindergardens (compensation of CHF 55,649). – Part of the medical staff was transferred to the University Hospital to support the COVID-19 test-centre, which mitigated some of the financial losses. – The Diagnostics unit had a loss of about CHF 237,000 due to the lock-down and reduced ordinary medical consultations of private medical practitioners. Importantly, additional diagnostic activities were identified and launched in the field of COVID-19 antibody testing.
Swiss Tropical and Public Health Institute 25
Financial Report 2020
26 Swiss Tropical and Public Health Institute
Financial Report 2020
Swiss Tropical and Public Health Institute 27
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