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