FINANCIAL REPORT 2021
Financial Report 2021
3
Comment on the Financial Report 2021
4
Balance Sheet
5
Income Statement
5
Statement of Changes in Equity
6
Cash Flow Statement
7
Notes
26
2
Report of the Auditors
Swiss Tropical and Public Health Institute
Financial Report 2021
Comment on the Financial Report 2021 From Mathias Kronig, Head of Administration and Stephan Schwarz and Deniz Goer, Co-Heads of Finance/Controlling Income Statement Swiss TPH presents an ordinary result of CHF + 3,261,026 in 2021, compared to CHF– 1,153,410 in 2020. The operating result from activities amounts to CHF + 534,651, which represents an increase of CHF 928,041 over the previous year (CHF– 393,390). The financial result reached CHF + 172,378 (CHF – 760,020 in 2020), which was primarily based on good exchange rate transactions and foreign currency holdings in USD/CHF and EUR/CHF. In 2021, Swiss TPH reports an extraordinary gain of CHF + 2,553,997 (CHF 0 in 2020) resulting from the sale of the property at Socinstrasse 57 in Basel. In 2021, the total operating income of Swiss TPH increased (+ 3.5%) from CHF 91.3 million in 2020 to CHF 94.5 million in 2021. Excluding the one-time effect on earnings from the formation of the Belo Horizonte investment fund in 2020, sales growth would have been as high as CHF 13.2 million or 16.2% in nominal terms in 2021 compared to 2020. The core funding increased to CHF 23.0 million in 2021 (a net increase of CHF 3.2 million compared to 2020). Swiss TPH increased the share of third-party funding. Self-managed income from research, education and services increased to CHF 66.5 million in 2021, representing an increase of CHF 5.7 million or 9.4% compared to the previous year (CHF 60.8 million). Personnel expenses increased by 12.7% or CHF 6.2 million compared to the previous year from CHF 49.0 million to CHF 55.2 million. The main reason for the growth is the increase in salary costs (+CHF 3.4 million) as well as an increase in purchased labor (Consultants +CHF 2.0 million). Other operating expenses increased by 22.5% or CHF 5.2 million from CHF 23.3 million in 2020 to CHF 28.6 million in 2021. With an increase of CHF 4.7 million, local project expenditures made the most substantial contribution to the rise and are the consequences of the renewed increase in project activities. The majority of local project expenditures, totalling CHF 25.0 million in 2021 versus CHF 20.3 million in 2020, were spent in Africa (CHF 15.7 million, an increase of CHF 3.2 million). The local expenditures for European projects rose by CHF 1.1 million to CHF 8.0 million. Additional depreciation for building installations in the amount of CHF 0.6 million was posted in 2021. These installations will not be used in the new headquarters Belo Horizonte in Allschwil, and were fully amortized by the end of 2021. The regular depreciation amounted to CHF 0.9 million in 2021. Balance Sheet
million in 2021. The main reason for this decrease is the purchase of fixed assets for Swiss TPH, which were booked as assets under construction in 2021 and will be capitalized in 2022. In contrast to the development of cash and cash equivalents, other short-term receivables increased by CHF 5.1 million or 86.9% to CHF 11.0 million in 2021 compared to the previous year. This is due to the increased number of advances for projects to be implemented locally or for subcontractors within project assignments. Swiss TPH also recorded an increase in prepayments and accrued income from 2020 to 2021. Here, the growth amounted to CHF 3.2 million or 40.5% and is due to increased advance payments in projects on the part of Swiss TPH. This is also the result of active liquidity management to prevent unnecessary negative interest income. Non-current assets increased from CHF 7.3 million in 2020 to CHF 16.6 million in 2021. While the balances of the categories “Building” and “Equipment” decreased by CHF 5.5 million due to the special depreciation and the sale of the property at Socinstrasse 57, assets under construction increased sharply by CHF 14.9 million and are responsible for the increase of the non-current assets. Due to the substantial balance (CHF 14.9 million), assets under construction are now shown as a single item on the balance sheet, after they were shown under the corresponding asset categories in 2020 with an amount of CHF 0.6 million. These are mainly laboratory equipment, IT-equipment and other fixtures and fittings in the new building in Allschwil and will be capitalized in 2022. Current liabilities remained relatively stable at CHF 67.4 million in 2021 compared to CHF 68.4 million. This is chiefly due to the repayment of the mortgage in the amount of CHF 1.0 million for the property at Socinstrasse 57. However, payables from goods and services decreased from CHF 13.7 million in 2021 to CHF 10.6 million. This is mainly due to the reclassification of prepayments of pension fund assets in the amount of CHF 4.1 million. Furthermore, other payables increased from CHF 0.9 million in 2020 to CHF 5.5 million or by CHF 4.6 million. This is also mainly due to the above mentioned reclassification of pension fund assets. Accrued liabilities and deferred income decreased from CHF 50.8 million in 2020 to CHF 48.7 million in 2021.
The balance sheet total increased by 3.4% (CHF 2.9 million) to CHF 89.3 million compared to 2020.
Non-current liabilities increased from CHF 12.7 million in 2020 to CHF 13.4 million in 2021.
Current assets decreased by 8.0% or CHF 6.3 million year-onyear to CHF 72.8 million in 2021 from CHF 79.1 million in 2020.
With the 2021 profit of CHF 3,261,026, equity increased from CHF 5,283,436 to 8,544,462 at the end of 2021.
Therein cash and cash equivalents decreased by CHF 14.6 million or 28.8% from CHF 50.8 million in 2020 to CHF 36.2
The figures in the Financial Report 2021 could result in a rounding difference.
Swiss Tropical and Public Health Institute
3
Financial Report 2021
Balance Sheet
Notes
31.12.2021 CHF
31.12.2020 CHF
4.1
36,197,403
50,843,938
Assets Cash and cash equivalents Projects abroad Receivables from services
4.2
Rudolf Geigy Foundation
1,410,935
1,282,341
13,261,099
13,111,735
7,047
11,527 5,858,799
Other short-term receivables
4.3
10,950,497
Provision for bad debts
4.4
– 82,800
– 74,400
Prepayments and accrued income
4.5
10,999,588
7,831,029
Inventories
4.6
27,344
228,333
72,771,113
79,093,302
Current assets Building
4.7
0
4,706,909
Equipment
4.7
1,208,126
2,023,847
Assets under construction
4.8
14,921,376
0
Long-term financial assets
4.9
62,536
62,536
Intangible assets
4.7
372,441
511,392
Non-current assets
16,564,479
7,304,683
Total assets
89,335,592
86,397,986
10,577,377
13,715,705
5,515,201
904,349
Liabilities and equity Payables from goods and services Other payables Projects with own accounts Key deposit
0
88,585
89,725
105,100 50,763,345
Accrued liabilities and deferred income
4.11
48,687,171
Short-term provisions
4.12
2,550,961
1,811,095
Mortgages
4.10
0
1,000,000
67,420,436
68,388,179
Current liabilities Other long-term liabilities
4.13
1,285,380
783,310
Long-term provisions
4.14
2,085,314
1,943,061
Investment fund Belo Horizonte
4.14
10,000,000
10,000,000
Non-current liabilities
13,370,694
12,726,371
Total liabilities
80,791,130
81,114,550
Equity on January 1st
5,283,436
6,436,847
Result of the year
3,261,026
– 1,153,410
Total equity at the end of the year
8,544,462
5,283,437
89,335,592
86,397,986
Total liabilities and equity
4
Swiss Tropical and Public Health Institute
Financial Report 2021
Income Statement Notes
2021 CHF
2020 CHF
Self-managed income from research, education and services
4.15
66,545,056
60,831,526
Core funding national and local government
4.16
23,040,000
19,801,419
Other operating income
4.17
1,857,510
1,759,578
Recognition of deferred income building Belo Horizonte
4.13
0
10,000,000
Change in unbilled services
4.18
Total operating income Personnel expenses
4.19
Material expenses
3,043,501
– 1,062,096
94,486,067
91,330,427
– 55,210,993
– 49,010,628
4.20
– 2,658,670
– 3,589,533
Depreciation of tangible assets
4.7
– 1,265,919
– 1,259,414
Amortisation on intangible assets
4.7
– 211,345
– 334,329
Administrative expenses
4.21
– 6,020,321
– 4,188,114
Other operating expenses
4.22
– 28,584,168
– 23,341,800
Creation of investment fund Belo Horizonte
4.13
0
– 10,000,000
– 93,951,416
– 91,723,817
534,651
– 393,390
Total operating expenses Operating result Financial result
4.23
Ordinary result Extraordinary result
4.24
Result of the year
172,378
– 760,020
707,029
– 1,153,410
2,553,997
0
3,261,026
– 1,153,410
2021 CHF
2020 CHF
Statement of Changes in Equity Notes
Equity as of 1 January
5,283,436
6,436,847
Result of the year
3,261,026
– 1,153,410
Equity as of 31 December
8,544,462
5,283,437
Swiss Tropical and Public Health Institute
5
Financial Report 2021
Statement of Cash Flows for the year ended 31 December Notes
31.12.2021 CHF
31.12.2020 CHF
3,261,026
– 1,153,410
121,024
2,383,860
1,265,919
1,259,414
Cash flows from operating activities Result of the year Adjustments for non-cash income and expenses Depreciation of tangible assets
4.7
Depreciation of project investments
4.7
273,582
510,387
Amortisation of intangible assets
4.7
211,345
334,329
4.24
– 2,553,997
0
42,056
42,648
Gain on asset disposals Losses for bad debts Decrease (–) / Increase (+) in long-term provisions
4.14
142,253
35,257
Decrease (–) / Increase (+) in short-term provisions
4.12
739,867
201,825
Changes in operating assets and liabilities
– 8,571,942
19,364,510
Increase (–) / Decrease (+) in receivables
– 5,398,833
– 348,561
– 3,168,558
– 1,852,259
“Increase (–) / Decrease (+) in prepayments and accrued income”
4.5
Increase (–) / Decrease (+) in inventories
4.6
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
200,989
124,909
1,368,564
8,716,117
– 2,076,174
12,732,902
502,070
– 8,598
– 5,189,892
20,594,960
– 1,562,409
Cash flows from investing activities Outflows for purchase of tangible assets
4.7
– 14,987,207
Inflows from disposals of tangible assets
4.7
4,048,960
0
Inflows from subsidies for fire protection measure
4.7
0
0 – 281,612
Outflows for purchase of intangible assets
4.7
– 85,598
Inflows from disposals of intangible assets
4.7
13,204
0
Out-/Inflows for investment in financial assets
4.8
0
0
4.24
2,553,997
0
– 8,456,644
– 1,844,021
– 1,000,000
0
Gain on asset disposals Cash drain from investing activities Cash flows from financing activities Repayment mortgage Basler Kantonalbank Cash advance from subsidies Cash inflow from financing activities Net de-/increase in cash and cash equivalents thereof blocked by projects thereof fully disposable
4.1 4.16
0
1,800,000
– 1,000,000
1,800,000
– 14,646,536
20,550,939
– 241,271
– 1,478,668
– 14,405,264
22,029,607
Cash and cash equivalents at beginning of year
50,843,938
30,293,000
Cash and cash equivalents at end of year
36,197,403
50,843,938
thereof blocked by projects thereof fully disposable
6
Swiss Tropical and Public Health Institute
3,312,209
3,553,480
32,885,194
47,290,458
Financial Report 2021
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, services and education and training, 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
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 actual members are: Dr. Andreas Burckhardt, Chairman Dr. Rolf Borner Dr. Ariane Bürgin Dr. Doris Fellenstein Wirth (deceased 12.02.2022) Auditor PricewaterhouseCoopers AG, Basel has been assigned by the Governments of the Cantons BaselStadt and Basel-Landschaft as the auditor of Swiss TPH.
3. Basis of preparation and accounting policies
Board of Governors The Board of Governors is called the “Kuratorium”. Four members are appointed by each the Governments of Canton Basel-Stadt and Canton of Basel-Landschaft, whereas the chairman is appointed by both Goverments. As of 31 December 2021, the composition of the Kuratorium is as follows:
Accounting Standard
Dr. Andreas Burckhardt, Chairman
Swiss TPH presentation currency is CHF (Swiss francs).
Dr. Rolf Borner Dr. Ariane Bürgin Prof. Dr. François Chappuis Prof. Dr. Sabina De Geest Dr. Doris Fellenstein Wirth (deceased: 12.02.22) Dr. Eva Herzog Dr. Olivier Küttel
These financial statements have been prepared in accordance with the Swiss GAAP FER issued by the foundation for accounting and reporting recommendation, Switzerland. Currency
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.
Dr. Cornelia Staehelin Dr. Benedikt Knüsel (Observer SBFI)
Swiss Tropical and Public Health Institute
7
Financial Report 2021 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%
0
Buildings Basel
3.00%
33.33
Building installations Basel
5.00%
20.00
Furnishings
10.00%
10.00
Laboratory equipment
12.50%
8.00
Medical equipment
20.00%
5.00
Offices machines, communication systems
20.00%
5.00
20.00%
5.00
Tools, utensils
10.00%
10.00
Hardware
25.00%
4.00
Collections, books, movies
10.00%
10.00
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
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
Vehicles
Assets in leasing
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.
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. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but
Financial Report 2021
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
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.
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%
Swiss Tropical and Public Health Institute
9
Financial Report 2021
4. Notes on the financial statement 4.1 Cash and cash equivalents
2021 CHF
Cash in hand
2020 CHF
59,092
40,309
Post accounts
747,852
4,029,548
Bank accounts
32,078,251
43,220,601
Cash and cash equivalents projects abroad
3,312,209
3,553,480
Bank accounts in Basel
1,110,696
2,181,369
6,343
3,717
Cash in hand Bank accounts abroad TOTAL
The procurement of various fixed assets for the new Belo Horizonte building in Allschwil was accompanied by a significant cash outflow of CHF 14.36 million. These new assets are now reported under assets under construction with an
4.2 Receivables from services
2021 CHF
2,195,170
1,368,395
36,197,403
50,843,938
amount of CHF 14.92 million. The balance of assets under construction as of 31.12.2020 was CHF 0.56 million. Details on assets under construction under 4.8
Foreign currency
Exchange rate
2020 CHF
Foreign currency
Exchange rate
Open positions in CHF
9,257,382
Open positions in USD
2,467,596
2,708,248
0.9111
1,697,321
1,920,168
0.8839
Open positions in EUR
1,187,076
1,145,660
1.0361
109,414
101,164
1.0815
Open positions in GBP
18,991
15,389
1.2341
Receivables from medical and diagnostic services Medical services Diagnostics TOTAL
10
10,984,238
330,054
320,762
67,350
46,105
262,704
274,656
13,261,099
13,111,735
Swiss Tropical and Public Health Institute
Financial Report 2021 4.3 Other short-term receivables
2021 CHF
Staff advances Advances for project activities Withholding tax Basel based rent deposits
61,500
69,530
10,822,995
5,618,120
4,118
4,118
49,014
49,009
Fixed deposits Other receivables TOTAL
4.4 Provision for bad debts
Provision in %
Amount CHF
2021 Provision CHF
2020 CHF
0
0
12,870
118,021
10,950,497
5,858,799
Provision in %
Amount CHF
2020 Provision CHF
Amounts due > CHF 30,000 1 – 90 days
2%
678,642
13,573
2%
237,119
0
15%
187,182
28,077
15 %
39,691
0
180 – 270 days
30%
53,134
15,940
30 %
0
0
270 – 360 days
50%
0
0
50 %
0
0
100%
0
0
100 %
89,483
51,983
2%
1,260,039
25,201
2%
1,123,159
22,463
90 – 180 days
> 360 days Amounts due < CHF 30,000 > 0 days TOTAL
82,791
74,446
Provision for bad debts (rounded)
82,800
74,400
Payments up to 15 February 2022 are included in the calculation.
4.5 Prepayments and accrued income
2021 CHF
2020 CHF
Advance payments projects
5,575,783
2,516,599
Prepayments pension funds
4,743,138
4,678,108
Overhead contribution for SNSF projects
528,069
538,438
Accounts paid in advance
152,598
97,884
10,999,588
7,831,029
2021 CHF
2020 CHF
TOTAL
4.6 Inventories
Vaccines Stock information technology TOTAL
27,344
102,272
0
126,061
27,344
228,333
Swiss Tropical and Public Health Institute
11
Financial Report 2021
4.7 Tangible and intangible assets Tangible assets
Land and buildings without CIP
Assets under construction (Land and Buildings)
Land and buildings
Laboratory equipment
Other equipment
Assets under construction (Equipment)
Finance leases
5,505,980
0
5,505,980
1,058,601
297,360
76,207
0
Net carrying amount 1 January 2020 Cost 1 January 2020
11,015,359
0
11,015,358
4,441,730
2,673,705
76,207
393,320
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
11,015,359
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
799,072
0
799,072
226,561
233,782
0
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
4,706,909
0
4,706,909
1,144,425
334,620
544,802
0
11,015,359
0
11,015,358
5,147,435
2,852,232
544,802
0
Additions
0
0
0
229,610
107,442
14,376,574
0
Reclassifications
0
0
0
0
0
0
0
– 8,632,824
0
– 8,632,824
– 326,639
– 245,971
0
0
2,382,534
0
2,382,534
5,050,405
2,713,703
14,921,376
0
6,308,450
0
6,308,450
4,003,010
2,517,612
0
0
673,906
0
673,906
333,691
258,322
0
0
Impairment
0
0
0
0
0
0
0
Reclassification
0
0
0
0
0
0
0
– 4,599,821
0
– 4,599,821
– 323,372
– 233,281
0
0
2,382,534
0
2,382,534
4,013,329
2,542,653
0
0
0
0
0
1,037,077
171,050
14,921,376
0
31 December 2020 Accumulated depreciation 1 January 2020 Annual depreciation
31 December 2020 Net carrying amount 31 December 2020 Net carrying amount 1 January 2021 Cost 1 January 2021
Disposals 31 December 2021 Accumulated depreciation 1 January 2020 Annual depreciation
Disposals 31 December 2021 Net carrying amount 31 December 2021
While the balances of the categories “Building” and “Equipment” decreased by CHF 5.5 million due to the special depreciation and the sale of the property at Socinstrasse 57, assets under construction increased sharply by CHF 14.9 mil-
12
Swiss Tropical and Public Health Institute
lion and are responsible for the increase of the non-current assets. Assets under construction are part of “Equipment”. (See 4.8)
Financial Report 2021
Equipment
Total without Projects
Projects
Total tangible assets
1,432,168
6,938,148
0
Intangible assets
Software
Software work in progress
Total intangible assets
Total fixed assets register
6,938,148
349,879
214,229
564,109
7,502,257
214,229
7,584,962
18,600,320
3,751,952
22,352,273
1,601,752
1,052,022
1,052,022
510,387
1,562,409
268,408
13,204
281,612
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
11,662,173
3,751,952
15,414,124
1,251,873
0
1,251,873 16,665,997
460,342
1,259,414
510,387
1,769,801
334,329
0
334,329
2,104,131
0
0
0
0
0
0
0
0
1,815,981 24,168,254 1,844,021
0
0
0
0
0
0
0
0
– 92,515
– 92,515
– 129,475
– 221,990
0
0
0
– 221,990
6,520,622
12,829,071
4,132,864
16,961,936
1,586,202
0
2,023,847
6,730,755
0
6,730,757
498,188
13,204
511,392
7,242,149
2,023,847
6,730,756
0
6,730,756
498,188
13,204
511,392
7,242,148
8,544,469
19,559,826
4,132,865
23,692,692
2,084,390
13,204
2,097,593
25,790,286
14,713,625
14,713,625
273,582
14,987,207
85,598
0
85,598
15,072,805
0
0
0
0
0
0
0
0
– 572,610
– 9,205,434
– 39,287
– 9,244,721
– 9,965
– 13,204
– 23,168
– 9,267,889
22,685,485
25,068,018
4,367,160
29,435,179
2,160,023
0
2,160,023 31,595,202
6,520,622
12,829,071
4,132,864
16,961,936
1,586,202
0
1,586,202 18,548,138
592,013
1,265,919
273,582
1,539,500
211,345
0
211,345
1,750,845
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
– 556,653
– 5,156,474
– 39,287
– 5,195,761
– 9,965
0
– 9,965
– 5,205,725
6,555,982
8,938,516
4,367,159
13,305,675
1,787,582
0
1,787,582 15,093,258
16,129,503
16,129,502
0
16,129,503
372,441
0
372,441 16,501,944
1,586,202 18,548,138
Swiss Tropical and Public Health Institute
13
Financial Report 2021
Fire insurance value
2021 CHF
2020 CHF
9,342,000
9,348,000
138.20
138.30
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 21.11.2017)
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:
2021 additions No
Project
Item
599.0
3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)
Purchase of date
Value in CHF
600.0
6413 - STJF NIIDS 04.19 – 12.22
HDE60086FV
01.03.21
27,926
QS5 0.2 LAP YPCR System
01.01.21
42,347
606.0
3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)
WingtraOne Package
01.03.21
18,390
610.0
6424 - Botnar MistraL 06.20 – 12.22
X-Ray truck with Easy DR
01.03.21
59,502
611.0
6424 - Botnar MistraL 06.20 – 12.22
X-Ray truck with Easy DR
01.03.21
59,502
612.0
3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)
Precellys 24 Homogenizer for 24x2
01.03.21
17,000
618.0
7826 - MCDI EGMVI 01.15 – 12.22
Proflex 3x32- Well PCR System
01.04.21
10,026
620.0
3660 - BASF TZ 06.20 – 12.23
Basic generator P88- CALG Basic
01.08.21
9,532
Basic generator P88- CALG Basic
01.08.21
9,178
CM Infinite F50
01.12.21
620.1 625.0
3660 - BASF TZ 06.20 – 12.23 7826 - MCDI EGMVI 01.15 – 12.22
Total Additions
20,180 273,582
2021 disposals No
Project
Item
Date of purchase
Value in CHF
247.0
3000 - Management EPH / Project already completed
Nanopartikel Messgeräte (MiniDSiSC) (2)
355.0
23.12.10
12,000
7100 - MIU Management / Project already completed
Automate d'hematologie H18 Light + Biochimie BSA3000
483.0
29.01.14
16,748
3000 - Management EPH / Project already completed
Second hand car + restoration
07.12.17
10,538
Total Disposals TOTAL 2021
14
Swiss Tropical and Public Health Institute
39,287 234,295
Financial Report 2021
2020 additions No
Project
Item
Date of purchase
Value in CHF
554.0
5805 - Genotyping 09.18 – 12.31
BSD puncher model BSD600 Ascent A2
01.01.20
45,123
554.1
5805 - Genotyping 09.18 – 12.31
MWST zu BSD puncher model BSD600 Ascent A2
01.01.20
3,551
557.0
3600 - HI MI Management C. Lengeler
Thermalcycler CFX96
01.02.20
23,384
5805 - Genotyping 09.18 – 12.31
QS5 QPCR System Tower
01.01.20
30,270
559.0
5805 - Genotyping 09.18 – 12.31
QIAsymphony SP
01.01.20
147,372
559.1
5805 - Genotyping 09.18 – 12.31
QIAxcel Installation sn32156
01.01.20
3,408
562.0
8526 - KfW MTN/NTD Phase I 09.17 – 09.22
KIA Sportage MY2020
01.04.20
40,044
567.0
3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)
Wellwash 1x12 888– 703025A
01.07.20
6,883
567.1
3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)
1x( Wash Head zu Wellwash
01.07.20
831
568.0
4014 - SNF/UniBS Sapaldia 5 04.18 – 12.22
Ultra Tiefkühlschrank DF 8520+
01.07.20
16,172
569.0
3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)
Anaerobic Chamber + Incubator Dehumidifer
01.08.20
49,868
570.0
3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)
CM Infinite Mono 200
01.08.20
34,730
575.0
3401 - HAHU-OH Service
CO2-Inkubator CB 170 Binder
01.09.20
9,089
576.0
6413 - STJF NIIDS 04.19 – 12.22
Zentrifuge Sorvall ST8R
01.09.20
6,629
577.0
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
Sysmex XN350
01.09.20
17,953
579.0
5500 - MED Department Management CC
Select TS Washer + 800TS Absorbande Reader
01.09.20
31,567
580.0
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
Cobas c111 w/o ISE
01.09.20
19,823
581.0
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
lectrolyte Analyzer 9180
01.09.20
10,542
585.0
3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)
Kühl-Zentrifuge 5427 R inkl Rotor FA– 45– 30– 11
01.10.20
6,495
5914 - NVS Pharma CALINA COA566B2307 01.20 – 03.23
HAIER– 86 C Ultratiefkühlschrank
01.11.20
558.0
588.0 TOTAL
6,653 510,387
2020 disposals No
Project
Item
Date of purchase
Value in CHF
446.0
SRHU Management
Land Cruiser 76 4x4 53
01.12.16
57,680
484.0
Strategische Projekte und Forschung MED
Sono Book 9 Main unit
03.01.18
18,154
486.0
SRHU Management
Véhicule marque RV4
01.11.17
9,147
502.0
KfW MTN/NTD Phase I 15.09.17 – 14.08.21
Toyota Prado TX-L 4x4 2986 CC DSL 5P
22.02.18
44,494
Total Disposals
129,475
Total 2020
380,913
Swiss Tropical and Public Health Institute
15
Financial Report 2021
4.8 Assets under construction Description Neubau Belo Horizonte (BKP9)
Category
01.01.21
Change
31.12.21
01.01.20
Change
31.12.20
Tangible
0
4,219,200
4,219,200
0
0
0 488,372
Neubau IT (10Mio)
Tangible
488,372
5,042,061
5,530,433
0
488,372
Neubau IT (NICHT 10Mio)
Tangible
0
186,741
186,741
0
0
0
Neubau Laboratory Equipment (10Mio)
Tangible
56,430
3,918,101
3,974,531
0
56,430
56,430 0
Neubau Laboratory Equipment (NICHT 10Mio)
Tangible
0
1,010,472
1,010,472
0
0
Storage extension
Tangible
0
0
0
76,207
– 76,207
0
E-Personaldossier
Intangible
13,205
– 13,205
0
0
13,205
13,205
Budget tool
Intangible
0
0
0
128,086
– 128,086
0
CompuGroup
Intangible
0
0
0
39,788
– 39,788
0
Intranet release 2018 (ex17)
Intangible
0
0
0
46,357
– 46,357
0
TOTAL
558,006
14,363,370
14,921,376
290,438
267,568
558,006
Due to the substantial balance (CHF 14.9 million), assets under construction are now shown as a single item in the balance sheet, after they were shown under the corresponding asset categories in 2020 with an amount of CHF 0.6 million. These
are mainly laboratory equipment, IT-Equipment and other fixtures and fittings in the new building in Allschwil and will be capitalized in 2022.
4.9 Long-term financial assets
2021 CHF
2020 CHF
Employer contribution reserves of the pension fund
62,536
62,536
TOTAL
62,536
62,536
4.10 Mortgages
2021 CHF
2020 CHF
Mortgages in favour of third parties Building Socinstrasse 57 Liens registered in the land register
4,400,000
Claimed liens
2,400,000
Long-term payables BKB, 26.05.2011 - 26.05.2017 BKB, 29.04.2011 – 29.04.2021
1,000,000
BKB, 29.04.2013 - 29.04.2019 Short-term payables BKB, 26.05.2011 - 26.05.2017 Canton Basel-Stadt, 31.12.1997 - 31.12.2016 Carrying amount (Land and buildings, refer to note 4.7)
The last existing mortgage on the building Socinstrasse 57 in Basel was repaid in 2021.
16
Swiss Tropical and Public Health Institute
0
4,706,909
Financial Report 2021 4.11 Accrued liabilities and deferred income
2021 CHF
2020 CHF
47,293,540
44,509,229
887,720
671,668
Provision for Audit PwC
45,665
54,281
Overtime to be paid in the following year
86,480
39,181
0
2,674
Projects Swiss National Science Foundation projects - overhead
Employer's liability insurance Extraordinary compensations paid in the following year
216,474
156,393
Other accrued liabilities
157,293
5,329,919
48,687,171
50,763,345
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
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.
4.12 Short-term provisions Not compensated vacation
Changes of provisions
SDC MEP SDC PADS Insolvency procureprocure- Tojik Bank ment of ment of Tajikistian equipment motorbikes
Advances
Court Cases
Research fund
Total
CHF
CHF
CHF
CHF
CHF
CHF
CHF
CHF
1,175,851
90,000
120,000
60,000
0
0
163,419
1,609,270
Increase/decrease 2020
61,307
0
– 8,145
0
0
0
148,663
201,825
Carrying amount as per 31.12.2020
1,237,158
90,000
111,855
60,000
0
0
312,082
1,811,095
Carrying amount as per 01.01.2021
1,237,158
90,000
111,855
60,000
0
0
312,082
1,811,095
Increase/decrease 2021
426,516
– 90,000
– 111,855
0
123,000
280,000
112,206
739,867
Carrying amount as per 31.12.2021
1,663,674
0
0
60,000
123,000
280,000
424,288
2,550,961
Carrying amount as per 01.01.2020
New provisions:
Reversal of provisions:
Advances: Advances granted to a partner institution for which a significant risk of not being recovered exists Court cases: Risk on existing/ongoing court cases.
SDC MEP: Procurement of equipment: No additional cost finally occurred. Project ended in 2021 and final audit has taken place. SDC PADS: Special procurement audit has taken place without any major findings and no further loss is expected.
Remaining provisions: Not compensated vacation: The provisions for employee vacation credits were adjusted. Insolvency Tajik Bank: Risk remains that the bankrupt bank will not repay the balance on our account. Research Fund: The research provision was increased by CHF 112,206 due to the internal regulations for the Research Fund.
Swiss Tropical and Public Health Institute
17
Financial Report 2021
4.13 Other long-term liabilities
2021 CHF
2020 CHF
Swiss National Science Foundation projects - Overhead (long term)
1,285,380
783,310
TOTAL
1,285,380
783,310
The total overhead contribution of the Swiss National Science Foundation (SNSF) is paid in the year of grant allocation. The provision allows
the use of the contribution during the whole project period.
4.14 Long-term provisions / Long-term deferred income Funds for collaborators in case of Hardship
Potential taxes abroad
End of contract payments
CHF
CHF
CHF
500,000
1,317,662
0
– 2,822
Carrying amount as per 31.12.2020
500,000
Carrying amount as per 01.01.2021
500,000
Changes of provisions and deferred income subsidies Carrying amount as per 01.01.2020 Increase/decrease 2020
Increase/decrease 2021 Carrying amount as per 31.12.2021
SDC-Alba- Office Ruannia salary da salary provision provision
Belo Horizonte Investment Fund
Total
CHF
CHF
CHF
CHF
48,656
17,686
23,801
0
1,907,805
8,515
26,779
2,785
10,000,000
10,035,257
1,314,840
57,171
44,464
26,586
10,000,000
11,943,062
1,314,840
57,171
44,464
26,586
10,000,000
11,943,062
0
92,738
8,054
24,783
16,678
0
142,253
500,000
1,407,578
65,224
69,248
43,264
10,000,000
12,085,314
According to the decision made at the Directorate’s meeting (17 October 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.
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.
4.15 Self-managed income from research, education and services
2021 CHF
2020 CHF
As per activity Medical services
7,727,631
4,869,651
Education
1,865,343
1,391,873
Research
28,949,221
25,802,546
Services
28,002,862
28,767,456
TOTAL
66,545,056
60,831,526
Swiss TPH increased the share of third party funding. Self-managed income from research, education and services increased to CHF 66.5
18
Swiss Tropical and Public Health Institute
million in 2021, representing an increase of CHF 5.7 million or 9.4% compared to the previous year (CHF 60.8 million).
Financial Report 2021 4.16 Core contributions national and local government In addition to the income generated competitively through research and services, Swiss TPH receives funding from the local and the national
government as well as from the University of Basel: 2021 CHF
2020 CHF
Canton Basel-Landschaft
4,000,000
3,630,000
Canton Basel-Stadt
4,000,000
3,630,000
University of Basel
6,040,000
6,040,000
Swiss National Government
7,250,000
6,140,900
Swiss National Government (leading house activities)
1,750,000
1,550,000
23,040,000
20,990,900
Subtotal Deferred income new building Belo Horizonte TOTAL
Overview of the last years
0
– 1,800,000
23,040,000
19,190,900
2021 CHF
2020 CHF
2019 CHF
2018 CHF
4,000,000
3,630,000
3,630,000
3,630,000
Canton Basel-Stadt
4,000,000
3,630,000
3,630,000
3,630,000
National Government
9,000,000
7,690,900
7,987,400
7,515,600
University of Basel
6,040,000
6,040,000
6,600,429
6,860,759
23,040,000
20,990,900
21,847,829
21,636,359
Canton Basel-Landschaft
TOTAL
Figures at “University of Basel” include “SNF overhead” and “Unibas matching funds” for 2018 and 2019. These revenues are project specific and are no longer included in the core contributions.
Existing agreements on Core Funding 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 (2020: CHF 6,040,000) for the period of 2021 for struc-
University of Basel
Based on the new performance agreement between the University of Basel and the Swiss TPH, the following subsidies have been decided from 2022 onwards.
2022 CHF
2023 CHF
2024 CHF
2025 CHF
2026 CHF
6,608,000
6,769,000
6,923,000
7,083,000
7,245,000
Based on the performance mandate of the governments of the cantons of Basel-Stadt and BaselLandschaft to the Swiss TPH for the years 2021
Canton Basel-Landschaft
tural professorships and teaching activities within the curriculum of the University of Basel.
to 2024, the following contributions of the cantons were decided.
2021 CHF
2022 CHF
2023 CHF
2024 CHF
4,000,000
4,000,000
4,000,000
4,000,000
Canton Basel-Stadt
4,000,000
4,000,000
4,000,000
4,000,000
TOTAL
8,000,000
8,000,000
8,000,000
8,000,000
Based on the “decree regarding the application of the Swiss Tropical and Public Health Institute (Swiss TPH) of June 30, 2019, for a federal contribution according to Article 15 of the Federal Law
on the Promotion of Research and Innovation (FIFG) for the years 2021 – 2024”, the following contributions were approved:
Swiss Tropical and Public Health Institute
19
Financial Report 2021
Swiss Federal Government
2021 CHF
2022 CHF
2023 CHF
2024 CHF
7,250,000
8,125,000
8,250,000
8,375,000
The amount defined in the service agreement and the decree for 2022 was reduced by the federal government by 0.3% to 8,100,900. Reductions are also possible for the following years within the framework of the debt brake.
2021 CHF
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 and Research (SERI) and administers the following funds based on the performance agreement for the years 2021 – 2024. 2022 CHF
2023 CHF
2024 CHF
Bilateral Cooperation
750,000
750,000
400,000
350,000
Ifakara Health Institute (IHI) in Tanzania
500,000
500,000
500,000
500,000
Centre Suisse de Recherches Scientifiques en Côte d’Ivoire (CSRS) TOTAL SBFI-LEADING HOUSE
500,000
500,000
500,000
500,000
1,750,000
1,750,000
1,400,000
1,300,000
Based on the performance agreement for the years 2021 – 2024, the following contributions
4.17 Other operating income
were granted for international cooperation with foreign partners.
2021 CHF
2020 CHF
Medical services
679,144
710,848
Education
255,863
234,662
Research
911,281
617,409
Services
11,223
196,660
1,857,510
1,759,578
As per activity
TOTAL
Other operating income is income which is not related directly to grant and project contracts 4.18 Change in unbilled services
such as royalties, consultancies, cafeteria, reimbursed travel cost, etc.
2021 CHF
2020 CHF
As per activity Medical Services Education Research
0
0
59,509
– 98,458
– 993,376
70,504
Services
– 2,109,633
1,090,050
TOTAL
– 3,043,501
1,062,096
Change in unbilled services also rose due to active liquidity management.
20
Swiss Tropical and Public Health Institute
Financial Report 2021
4.19 Personnel expenses
2021 CHF
2020 CHF
39,966,609
36,535,904
As per nature Salaries Allowances
1,441,692
1,533,023
Social insurance
5,644,153
5,294,686
Consultancies
5,173,221
3,162,425
37,275
10,063
Continuous education
Recruiting
1,208,612
985,677
Travel expenses
1,211,697
1,122,978
527,734
365,872
55,210,993
49,010,628
Other personal costs TOTAL
Personnel expenses increased by 12.7% or CHF 6.2 million compared to the previous year from CHF 49.0 million to CHF 55.2 million. The main reason for the growth is the increase in salary costs (+ CHF 3.4 million) as well as an increase in purchased labor. (Consultants, + CHF 2.0 million).
All expenses and costs are recognised in the income statement. In respect of accruals for overtime and vacation please refer to note 4.11 and 4.12.
Pension funds
of an annual 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), the Swiss TPH Institute 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 employers’ contributions, employees’ contributions, and Pension benefit expenses
2021 CHF
2020 CHF
Helvetia Sammelstiftung (Employer contribution)
2,234,990
2,210,031
TOTAL
2,234,990
2,210,031
Employer contribution reserves of the pension fund
62,536
62,536
TOTAL
62,536
62,536
2021 CHF
2020 CHF
Members of the Board of Governors (CHF; expenses)
0
0
Heads
9
9
1,247,614
1,232,989
Compensation Board of Governors (Kuratorium)
No compensation is paid to the Board of Governors. Only defined trip allowances and boarding costs are paid. Directorate salaries Members of the Directorate (CHF; salaries only) Heads FTE
7
7
6.8
7.0
Expenses to the Directorate are paid according to the Manual for Employees.
Swiss Tropical and Public Health Institute
21
Financial Report 2021
4.20 Material expenses
2020 CHF
2020 CHF
Investments > CHF 5,000 with project funds (not capitalised)
273,582
510,387
Equipment < CHF 5,000
233,107
798,242
2,100,922
2,227,190
As per nature
Consumables Documentation Periodical publications
9,284
4,489
24,891
16,220
Books
16,886
33,004
TOTAL
2,658,670
3,589,533
2021 CHF
2020 CHF
2,969,860
1,084,172 292,687
Procurement for IT-equipment < CHF 5,000 was reclassified from material expenses (4.20) to administrative expenses (4.21). 4.21 Administrative expenses As per nature Informatics Office material, printed matters
274,949
Phone, fax, internet
223,067
199,722
Postage
268,433
279,576
80,560
73,111
Audit fees headquarters Audit fees projects Consultancy fees
64,615
79,891
1,291,525
1,117,398
Expenses meetings, guests, seminaries
490,300
729,312
Donations, fees
357,012
332,245
6,020,321
4,188,114
2021 CHF
2020 CHF
2,131,155
1,889,234
538,894
472,703
TOTAL
Procurement for IT-equipment < CHF 5,000 was reclassified from material expenses (4.20) to administrative expenses (4.21).
4.22 Other operating expenses As per nature Maintenance and rent Maintenance, repair of equipment Vehicle costs
4,049
6,146
100,057
84,231
Energy, disposal
687,411
489,922
Marketing and PR
138,013
107,022
Insurance
Project expenditures abroad
24,984,589
20,292,542
TOTAL
28,584,168
23,341,800
Other operating expenses increased by 22.5% or CHF 5.2 million from CHF 23.3 million in 2020 to CHF 28.6 million in 2021. With an increase of CHF 4.7 million, local project expenditures
22
Swiss Tropical and Public Health Institute
made the most substantial contribution to the rise and are the consequences of the renewed increase in project activities
Financial Report 2021
Project expenditures abroad by donors SDC (Swiss Agency for Development and Corporation)
11,792,601
9,618,060
Botnar Research Centre for Child Health
1,881,215
501,896
SNSF (Swiss National Science Foundation)
1,642,520
1,223,378
GF (Global Fund to Fight AIDS, Tuberculosis and Malaria)
1,175,034
1,024,949
Other
1,086,928
1,380,883
UniSanté Lausanne
1,050,153
641,860
SBFI
911,002
0
EDCTP, AA The Hague
679,337
421,609
Swiss TPH (Institutional Projects)
651,072
1,168,791
European Comission
616,251
0
Stanley Thomas Johnson Foundation
541,959
490,739
BMGF (Bill and Melinda Gates Foundation)
500,664
432,065
CDC Foundation
347,628
0
CHAI (Clinton Health Access Initiative)
262,819
1,465,349
KfW (Kreditanstalt für Wiederaufbau)
199,891
185,157
Uni Heidelberg
179,736
0
Moritz Straus Stiftung
178,509
94,563
FIND
145,781
93,655
ISPM
132,529
0
RGS
108,921
61,042
BASF
106,334
0
Fondazione Adiuvare
103,404
79,901
Health Effects Institute
100,577
0
95,614
430,424
PATH ANSES
94,974
0
SAMW
80,454
0
GAVI (The Vaccine Alliance)
80,399
59,332
Novartis
79,575
0
Royal Commonwealth Soc. for the Blind
66,618
0
CDC Foundation
48,905
0
GIZ
43,185
0
0
874,620
Cordaid (Catholic Organisation for Relief & Development Aid) UNFPA Rwanda Total
0
44,271
24,984,589
20,292,542
2021 CHF
2020 CHF
Please note: A donor is listed if more than CHF 40,000 is expensed in 2021.
Project expenditures abroad by geographical regions Northern Africa
0
0
Southern Africa
1,518,358
121,863
Eastern Africa
6,570,025
4,902,196
Western Africa
2,943,642
1,898,184
Middle Africa
4,700,872
5,646,138
15,732,897
12,568,380
Southern Asia
52,802
106,716
South-Eastern Asia
12,437
53,310
Central Asia
504,841
675,568
Eastern Asia
0
0
Africa
Western Asia
153,397
0
Asia
723,477
835,594
Swiss Tropical and Public Health Institute
23
Financial Report 2021
Eastern Europe
3,422,006
2,956,258
Western Europe
4,601,171
3,928,974
Europe
8,023,177
6,885,232
Northern Amercia
398,790
0
Northern America
398,790
0
South America
106,248
3,335
Central America Latin America and the Caribbean
0
0
106,248
3,335
Oceania
0
0
Oceania
0
0
24,984,589
20,292,542
2021 CHF
2020 CHF
TOTAL
4.23 Financial Result Financial income Interests on bank- and post accounts
6
276
Interests on fixed deposits and call money
0
11,504
Exchange rate differences (gains)
964,195
157,919
Total financial income
964,201
169,699
– 5,840
– 3,694
Financial expenses Card fees Bank accounts fees
– 29,985
– 25,738
Interest on mortgages
– 10,413
– 32,025
Interest on arrears Other interests Exchange rate differences (losses) Miscellaneous Total financial expenses Financial result end of the year
The financial result reached CHF + 172,378 (CHF– 760,020 in 2020), which was primarily based on good exchange rate transactions and
4.24 Extraordinary Result Extraordinary income
21
– 552
– 60,643
– 34,607
– 682,673
– 833,103
– 2,290
0
– 791,823
– 929,719
172,378
– 760,020
foreign currency holdings in USD/CHF and EUR/ CHF.
2021 CHF
2020 CHF
2,553,997
0
Extraordinary expenditures
0
0
TOTAL extraordinary result
2,553,997
0 31.12.21
Carrying Amount Building Socinstrasse 57 Sales Price Extraordinary Result
24
Swiss Tropical and Public Health Institute
4,033,003 – 6,587,000 2,553,997
Financial Report 2021
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
2021 CHF
2020 CHF
354,979
453,167
Malaria funds Scientific collaboration Tanzania and Côte d'Ivoire L. Hofer, malaria - insect. resistence mosquitos Subtotal
28,000
28,000
382,979
481,167
General funds HCTMC, scholarships Support Swiss TPH, rent reduction
34,000
34,000
150,000
150,000
Support Swiss TPH, gardening costs
10,000
10,000
Unterstützung Projekt VapaGuide
26,000
22,000
J. Keiser, Projekt Côte d’Ivoire
0
40,000
WHO Clinical Research Fellowship
0
20,000
37,500
0
S. Moore, understanding Aedes Egypt M. Winkler, Health Impact Assessment
37,500
0
M. Rohacek, Projekt eFASH
21,600
0
N. Brancucci, Überbrückungsfinanzierung K. Witmer
30,000
0
Subtotal
346,600
216,000
Total
729,579
697,167
For the year 2021, 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.
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 2022.
Swiss Tropical and Public Health Institute
25
Financial Report 2021
26
Swiss Tropical and Public Health Institute
Financial Report 2021
Swiss Tropical and Public Health Institute
27
Kreuzstrasse 2, 4123 Allschwil, Switzerland + 41 (0)61 284 81 11 www.swisstph.ch