Informe consolidado resumido 2013 eng

Fundacion Avina Summarized Consolidated Financial Statements December 31, 2013

Index

Pages Financial Statements: Summarized Consolidated Balance Sheet

1

Summarized Consolidated Income Statement

2

Summarized Consolidated Statement of Change in Equity

3

Summarized Consolidated Statement of Cash Flow

4

Fundacion Avina Summarized Consolidated Balance Sheet

2013 Assets Current assets Cash and Cash Equivalent Restrictive funds Loans and other receivables Prepaid Expenses Other Assets Total current assets

USD

3,519,357 7,142,989 172,746 112,913 11,590

417,283

398,188

51,395

38,065

11,428,273

12,522,015

572,667 529,842 135,454 7,511,798 429,625 9,179,386

835,409 623,095 62,250 8,720,880 326,076 10,567,710

9,179,386

10,567,710

Liabilities and Equity Current Liabilities Accounts Payable Provision for other liabilities and charges Taxes Payables Deferred Income Accrued expenses and other Total current liabilities

Total liabilities Equity Restricted reserves Accumulated reserve for currency translation Accumulated excess of income over expenses

207,599 (803,225) 2,844,513

207,599 (346,909) 2,093,615

2,248,887

1,954,305

USD 11,428,273

USD 12,522,015

Total Equity

-

3,117,151 8,692,475 152,590 113,076 10,470 12,085,762

Non current assets

Total Liabilities and equity

USD

10,959,595

Furniture, equipment and improvements, net

Total assets

2012

Figures have been externally audited

-1-

Fundacion Avina Summarized Consolidated Income Statement For the year ended December 31, 2013 2013 Income Contributions received Interest income Other income

USD 27,188,993 243,070 709,418

Expenses Programs Social Investments Program Implementation Administration General and administrative expenses Other Expenses, net Total Expenses Excess of income over expenses before income tax

-

USD

USD

30,214,151 456,309 325,519

28,141,481

30,995,979

12,606,321 9,438,495 22,044,816

12,562,779 12,763,564 25,326,343

5,288,913

6,050,306

27,333,729

31,376,649

807,752

(380,670)

(56,854)

(39,155)

Impuesto Income Tax sobre la renta Excess of income over expenses

2012

750,898

Figures have been externally audited

-2-

USD

(419,825)

Fundacion Avina Summarized Consolidated Statement of change in Equity For the year ended December 31, 2013

Accumulated Reserve for currency translation

Restricted Reserve Balance at December 31, 2011

USD

207,599

USD

363,133

Accumulated Excess of Income over expenses USD

Excess of expenses over income

(419,825)

Difference in current translation

(710,042)

Balance at December 31, 2012

207,599

Difference in current translation

(346,909)

-

207,599

Figures have been externally audited

-3-

USD (803,225)

(419,825)

2,093,615

1,954,305

750,898

750,898

(456,316) USD

USD 3,084,172

(710,042)

Excess of income over expenses

Balance at December 31, 2013

2,513,440

Total

(456,316) USD

2,844,513

USD 2,248,887

Fundacion Avina Summarized Consolidated Statement of Cash Flows For the year ended December 31, 2013 2013 Net cash used by Operating Activities

USD

Net cash used by investing activities

2,382,309

(901,152)

Net Increase (decrease) of cash

(1,147,280)

1,481,157

Net Cash at January 1st

11,809,626

10,328,469

USD

Figures have been externally audited

-4– -

USD

(199,098)

Net Cash at December 31st

-

(948,182)

2012

10,662,346

USD

11,809,626