RPDI: Management Report and Financial statement by ІРРП_RPDI

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RPDIPPN Management Report and Financial Statement December 31, 2017

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Managemeit report

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Principal activities and nature of operations olthe Organization The pri.cipal activities of fic organization. *hich are slrengdleni11g. development and enhanccment

regular and dernand-driven training and education lor media professionals; legal suppofi to journaiists and media pdmariry in areas of prepublicarion screcning. defamation oases and access to informationi regular suppofi to investigative journalists; partnership opportrnities, and sharing of best praclices and experience berween media outlets in Ukraine and other countries through intemships. studv tn.rr., maintenance ofinformation resources. sUrh as medic rese.trclr.rnd manuals. lbr access bv -nedi" prote(slorrl.:

promotion oftransparency and lacilitated access to informationi improvcment and promotion ofunbiased media coverage oftopics of public significance. In 2017 RPDI u,orked with:

)'oung. inexpericnced joumalists, who are mostry engaged in various investigations, rronr a1l over Ukraine; .rudenrs \\no are . uo\:ngjo trnllicm; experienced journalists. who mostly deal

Ukaine;

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unchanged riom rast vear. are ofthe liee media in Ukraine.

In 2017, RPDI main areas ofconcern were as foilorys:

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REPORT

Managcment and the Supen is.-n Bi.3:a ::es.nl ih.ir repon and audired statenents of Regional Press De\elopmcnl Insljiule f.R?Dl . ,Org*i."ii"".1financial io, t1.," u.*.nA.a 1lD(.enbcr20l7

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various invesligations, liom

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editors and producers ofstate and municipal medial civil activists;

ollicials: representatives ofcentral and recional authorities and couns: regional and Kyiv laul-ers rvorking with the mcdia ancrjournalists ar different state

re'ers.

fhroughout 2017. RPDI has kept its position as a leacler in training. developing and supporting networks of investigative reporters and one of the leaders in providing special trainings lor journalists and media emplolees. All programs run b), RIDI are designed lo address journalists' immediate needs and fill in their professional gaps. During 2017, RPDI signed three imponant

o ln May 2017, a tlx.ee_vear

donor

l.unding contractsl

contract was signed with the Danish Minisrr.v of Forelon Affairs rvithin the scope ol the EU Anti_(:aftLq)tion hiti.ttiw praject. The total amount-of expected lunding is ELR 600 000.

REGIONAL PRESS DE\-ELOP}IENT INSTITUTE

X{ANAGE}IE\T REPORT

ln May 2017, a two-]ear contract \\as signed \\1lh the Ministry ofForeign Affairs ofthe Netherlands *ithin the scope of the \4atra Program in respect of the proiec{ Organizational Capacity Derelopnefit .fi)r Centefi of l,-estig.ttire Journalism in Uflairr. the contracted amount is UAH 2 965 470.

In June 2017, a two-year contract was signed \\'ith fie National l)emocmtic L1stirute as parl ofthe continuation ofthe project hllptoting Media Cctterage;[or Wofien's Ledders in the amount ofUSD 154 422.

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In Ma) 2017. RPDI began to implemenl thee--year project on Strengthening of invesrigative journalism at regional and local level (signed rvith EU Anti-corruption Initiative (EUACI) suppoded by the Eu-Comnission and co-founded and implemented by Danida, Danish Ministry ofForeign Affairs). Within the scope ofthe project, RPDI:

Hosted trainings for investigative journalists such ast

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applications, I 6 pafiicipanis; digiul journalism school (5 days) that included elements of coding, refining and z[ranging ofbig data sets and data visualization. 30 applications, 1i participants; in-dcpth training on investigative joumalism techniques (5 days) lbr experienced investigalors. 62 applications, 13 participants from 8 Ukrainian rcgions. legal aspects of investigative joumalism rvork (2 days). 75 applications, 16 fdnicipar rs 'ron I0 I Lrain.dn regions.

Pror ioed gr.rnLs lur inre.tigarion.:

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in-depth training on revealing comrption in state and municipal enter?rises in cooperation u,ith the anti-coruption NGO "Tosether against coduption" (2 da-,r' s). 134

lirst round ofthe small grant contest for investigations ofthe crimcs against joumalists in cooperation $,ith the National .loumalism Union and granted financial suppoft (up to UAI'1 12.000) to four contest winnem ftom Kyiv. Lutsk, Zaporizhzhya and Poltava big grant contest for the anticorruption joumalism invcstigations in cooperation with civic antlcorruption organizations Automaidan and Civic Lustration Committee.

In total, in 2017 RPDI

lega]1)' and editodalL) supported prodrLction of more than 181 investigative sto es both in print (online) and video lormats since the begiining of EUACI suppofi and until the end olthe year 2017. Since June 2017 RPDI is implementing two-year project or1 Building capacity of investigative organizations in Ukaine (Matra for European Cooperation (Donor: \4inistry of For.elgn All'alrs

le Netherlands). This project is set up to strengthen organizationill developmenl oI 15 regional investigative groups Bila Tserkva, Dnipro, Rivne, Khmelnytsky, Zaporizhzh,va. Nova Kaklovka, Kfir', Odessa. Zh)jtomyr, Kharkiv, Lviv, Lutsk, Nikolaev, Vinnyisia. Kropyvnytsky. Withir the project frameuork, RPDI has follou,ing objectives: develop intemal and extemal organizational capacitl r'ia complex multi-vector training and consultancy support

lor pannering investigaiive groups: ensure smooth Legal f'unctioning of partner organizations .).

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REGIONAL PRESS DE\'ELOP-\IE\T INSTITUTE

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via providing professional lepal assjsrancc consultatjons, registration- expcnise and representation in a cowt and facilirate e\chanse of bcsr pracrices i. o[anizario.al deveropmcnr among pro.ject panners via netuorkjng e\ ents and communicalion in

In 2017, within the scope ofthe projecr. RpDI:

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performed initial assessment ofpartners, level o f organizational developmentl provided methodological and legal consultatiorls as u,.ell as templates ol various internal docunents. such as internal orders. policies. ptocedures. budget & repofting lorms. hosted trainings/webinars on: r' how to prepare project applications and l.undraise in organization; ", n.r lo orga-ize . roud furdi tp cr-n|ll.! r: r' hotv to set up elficient system offinancial management. budgcting an.l repotins.

Since 2015, RPDI has becn a part of N_vestigate project (Nctr.vork for Repofiiog on Eastem

Europe)

In 2017 RPDI

a iual N_vestigate conlerence for j3 parlicipants tiom Ukraine, Moldova, Latvia, Russia. Armenia ancl Georgia was hosied b), R?DI in Otlessa (October 15-20. 20 I 7). Cool'erence agenda includedt

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lour (4) tansborder investigations with the Ukrainian component were published: unique intematiollar com,runicadon and cooperation net\lork have been built. which * iI r-raln r..rbic arl<r.n( c.to of the projecr: journalists-participants have developed nerv skills lor collectjng, analyziitg and reporling inlormaLion (including digitar securii) and visualization) aniworking in international

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Connecting investigative joumalism

in Ukraine. Moldova, Gcorgia, Armenia. Azerbaj.jan, Belzrus, Russia and the EU, initiated b) Gerluan NCo N-ost. N-r,estieare is a joint project by N-ost and fbur rcsearch networks from Armenia, Georgia. Ukraine, which goal is to loster transnational and cross-border investigatilns. During 2017. RPDI ha.,rcl-iered lo..o! ingproje(I re.uhs

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hosted

2-days training on visualization: 2-days training on Storyteliing;

discussion,.ltrvestigative journalism: reliable evidence any consequeocesl Experience & lessons learncd in the countries ofthe Biack Sea and Caucasus regions,,.

On Dccember 8-9, l0l7 RPDI hold grh traditional aonual investigative reportjng conlcrence: (lnvesligative repofti11g in Ukaine and Europe: achievementi challenges, developmenr opporlunities). On l0l7 i1 Balhered 206 participarls tiom l6 counlriqs_ iiclucling Lkraine. Panicipants geographyr ,{rmenia. Burgaria. czech Irepubric. Denmark. Georgia. Germany. .lordan. Latvia, Lithuaria. Nloldo,,,a. poland, Romanja, Russia. Slorenia, LISA. Ukrainian paiticipants represented 19 regions (chemirtsi, crimea, Dnipropetrou,k. Dnn"r.,t. Ir,"no_ Franl<ivsk. Kirovohrad. Kharkiv- Kherson, Kimclnl.tskyi, fvir.. Lviv. Luhansk. Mi,.kolair,. Odessa. Rivne. \rinnytsya, Vol\ n Zaporizhzhta. arrd T,hvtotrri regions)

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This year's conference grc\\'not onl\ in quJnri!\ .,i panicilants. spcakcrs and panels. but also in qualitl and has becon]e a rull intcrnatir.nal conlnrunication platlbmr for in!cstigali\c joumalists and data acti\.ists fnrn 11ll orer lh. !\orld RPDi has signiicanll) increased the pafticipation liom post-soviet and Furopean cLrunlries this lear ancl included Iorcign gu(\1" irl the active discussions on open data. -]ournalisnl elhics arrd rncdia jnnovations. Aparl liom thrt. in 2017 fie colfercncc \relcomed guesls ftom Jordan. that shared tlie chitllcngcs of investigaiive joumalism in thcir region and due lo the interactive lbrmrl ol fie conlcrcncc e\,ents had a chance to exchangc contacts and create common plans tbr fufther work.

2017 the conieLence has testcd a nc\v panel lirrmat - a i'u11-lengLh \&orkshop (l hours. ar.ailable upon pre-registration) on data programming 1i)r invcstigative.joLrrnalisls. Tlie tbrnra! has shorvn itself a success a.d the cxpcrilnent nright cvcn Icacl ro adrling an additional confcrence da1. that'11 consist of rvorkshops and nrastcr-classes of the kind.

sigoificantl) improved the event's comnlunlcation and PR strategv: hale introduccd speaker arlnolrncements. hare experinrcnted \\.ith e\en1 repods on RPI)I \vebsile. introduced livc streams of conltrence s selecled e!erlLs to RPDI's facebook page. Thc higlrcsl Conl'erence teanl l'ras

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post reach was - 22 268 people. Over 4 300 people have watched ihe event's live slleams.

This year RPDI has first experience of partnerinc \\'ith NABU (National Anti-corruption Burcau of Ukraine) to co-organize a public evcnt aimed to promote bureau's actilities and strengthen its cooperation with invesrigarive repofiers. The.jolnt NABU and RPDl conlcrcnce took place on Dec. 7 and included presentations ofNABU Open Offioe representati!es as well as off-the-record meetings rvith agency's rcgional and central detectives and master-classes on cooperation. Over 100 people have attcndcd the event.

This )ear the cor'rfcrcncc focused on the ohallenges of invesligalive reponing in an age ol opcn data, leaks and rvhistlcblorvers. \\ie ha\e nlairaged lo gather l:} l'e\\ inte lational lcarrs \\ilh cxtensive e\perience in rvorking rlith opcn data and data lcaks anrl hare c|eated disclrssion lormats thar u'ould encour'age iilemational cxpcricncc cxchanec. lhis lcar u,e also conllnued to educate thc commtllrit) on llie pressiDg mattcrs of digltal secuitv partrlcring \\'ith Digital Securit) Lab. Apad lrom the main conf'erence topics. as indicated abole. conlcrcncc agende has also included a roLrid-table discussion on investigati\c.journalism cducation issues rtilh lhe replesentatives of top Ukraine's J-schools. nrcdia \GOs and intcrnatjonal .ioumalism lrainers discussing thc nrost efeoti\e \\,a\s to educatc and reeducate in\estigati\e ncdia comrruniS considedng thc fast changing markel tlnd circumstances 10 \ehich Ukrainial1 jollmalisls havc to adjLrst their skills. lhis --vear RPDI leanl has again made an atlempt to encoura.se elt'ectlve cooperation or at least suitable 1br bolh sides inlbrrnation cxchangc bet$een l-rkrainian la\\enlorcernent and jnlestigative agencies and in\.estigetivc .iournalists. Overall during 2 days, confcrcnce participanls rerc able to panicipate in l8 conference events (16 thads-on and parallel sessions and 2 panel discussions at the beginning and at the end ofthc conlerence). Having a strong tean of its media la\r) ers and maintaining the regional nerrvork of laulcrs ali over Ukaine, RPDI rendcrs a comprehcnsir'e legal suppoft and media Ia\ education to 4

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MANAGE}IE\T REPORT joumalists and media that helps joumalists to srand for their rights more eflectively. diminishes cxtemal pressures and self-censorship, and allo*s them producing more professional stories. Besides mentioned above pre-publication screenings. Iegal suppofi includes oral and \l,titten consultations, compilation of procedural documents and inlormation requests, assistance in couft cases, filing requests to the authorities lollo\,'ing the results of investigatlons to erlsure reaction ofthe power to revealed violations and legislation activity. Consultations cover uide variety of issues starting from gathering/publishing data to proper registration of mcdia and status of freelance iournalists. Court cases and procedural documents primadly relate to defamation lawsuits rvith substantial damage claims; appealing of denies in access to public infomation; other violations ol journalism righls including attacks. counteracting photo,'\'ideo recording in public places. 2017, R?DI legal work was suppofied by U-Media program (lnteme\\,s Netrvork). Results our legal team elforts aie:

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total total total total

number oflegal consultations provided

- 246; done 18;

number of pre-publication screenings number ofprepared procedural documents 100: number ofcourls led by RPDI legal

team

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RPDI lawyers participatcd in over 100 court hearings and investigation procedures.4 court cases were won during repofiing periodr 2 delamation couft cases and 2 cases on access to public info among recipients ofRPDI legal help rvere media. .journalists and NGOs.

On-job training for la*yers provided by RPDI ieam, allorved lor ne* la*yers throughout Ukaine to be able to provide media law services and ensure access to public infomation to/for joumalists, media or NGOs. Duling the reporting period 8 nerv lawyers were involved in the u,ork of the RPDI lawyers netu,ork in Odesa, Kyiv, Lviv, Chemivtsi, Kharki\, Mariupol,

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Sumy.

Since 20lzl and throughout 2017, RPDI provided continuous suppofi to Slidstvo.lnfo tcam (Strengthening investigative joumalism in Ukraine Project). At the end of 2017, rve sr.umadzed results of provided legal assistance to Slidstlo.lnfo team over four years pcriod where main achievement of the RPDI in implementation of the project rvas signiticant reduction ofthe risk of legal liability and consequences fbr media organizarions involved in the projecl and the joumalists due to:

pre-broadcast screenings of421 investigative video storics of Slidstvo.info (close to 80% ofthe IR conlent pieces were coffected prior to broadcast)i

consultations provided to journalists over 35 stand alone consultations; timely and professional replies to potential court olaims, which allo\r'ed to aroid al least

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co.tr clser.r\er the caL-'q q'rl e projcct: legal protection of journalists in courls l1 courl cases on the protection of honor. dignity and business reputations. 8 ofwhich were won / closed, 3 cases *ere still active at the end ofthe proiect:

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oftraining programs to pro\ ide parllcjpanls latest inlormation on changes in rele\ anl laws and regulations, and to preparc.journalisls tor practical application of thc laus. These joumalists continue their careers in investigative joumalisnr. RPDI also provided post-publication suppofi lo ensure olficial reaction to follo$ up lhe evenls, u,hich $ere described in published investigations- Durins project. rve filed 26 \'arious clailns fo1 13 storics.

ln 2017, RPDI renerved the project Increasing-fransparency and Countcring Corruplion in Uklaine (lnternervs Net*ork). \lain goal of RPDI rvithin the scope of thc proje,it is tL) rvatchdog the e-dcclarations prooess to make sure that l-lkraine's public olficjals report accuratel), and where the-y don't, that thcy are brought to the attenlion of the prosecuting authoritics. Implementation acli!ities in 2017 included:

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submission of oYer 20 requesls authoritics to encouragc anti-corrupiion enlorcement authorilies and the couns to investigate and proseclLte cases of noncompliance and violations lbr cases \.vhere officials failed to compl) with their obligations to declare fteir income and assets: hosting oftrainings lor 40jouralists. la\\:aers. and activists in ho\\'lo lerily and digitize declaratiol'ls, and hoN to anal-vze and us" data fiom declaratiLDs in investjgations. The trainings u,ill be held in lbur regions of Ukraine zmd in Kyir' (11\,e trainings in total). In addition. ItI'jDI run 1\r'ebinar about c-Declarations and lhe relevant larvs and regulalions, and provide consultations to journalists and activists on matlcrs concerniDg officials' declarations.

In 2018 RPDI, apafi from continuation of activjties mentioned above, plans to:

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collccting of over 3 400 of missing declarations (initial target - 2 500) of top-ofllcials including prior years lbr lop olljcials u'l]o a.e pre-selected \\ith proicct partners. deolarations fiom the National Security Serrices. National Police and othel governing bodies. as rvell as those of managcment and members of the governing bodies ol statc o\.vned enterpilses such as natural resource monopolies, strategic enterydses and communal enterPrises;

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education of joumaiists olcr lhc course nl rhe projecl ,1 trainings $ere held. 25 jolunalists were trained by RPDI team in rrledia la*. laws on access to inlormation.

Purpose

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initiate t{'o changes/amendments to regulations and procedures to makc sure that these anri-conuption bodies take the steps rcquired io oombai commoD tactics that officials use to aloid detection ofconuption. deveiop a methodolog-v lbr preparing coufi cascs to prosecute liaudulent income and asset repofiing and \&ill present the rool during a training lbr la$1ers ftom non-profil organizations as \rell as represcntativcs ofNABU and NACP.

During summer 2017, RPDI \as inrohed in orgat'izing Schools for Young Joumalists and bloggers (lnterlinl( Academl \linistr,v of Foreign Af1'airs of German.v). Summer Schools u,ere held in Zaporizhzh.t a (Ju1} 7-16. 2017), Chernirtsi (Jul} 21-30. 2017). Sumy (,\ugust l11.l0l7), Poltava (-.\ugusl l-l ll. lll17) and united 88 -voung people liom all over l.lkraine. 6

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N{A\ACE\IE\T REPORT *ere selected fiom 279 applicants lndependenl bloegers and to-be joumalists $,ere taught 1low to produce better stories, videos. and inibgraphics 1br fie web. Other topics includcd digital secu ty, research. and lact-checking. SLrnmer Schools agenda rvas concentrated on practical \!ork and networking acrivities. Olher partners lor this proiect r.vere Zaporizhzhya National UniYersity, Chemivlsi National Lnir,ersitl, Sumy State Universit-1, Poltava Nalional Pedagogical Universitl. rvho

During Februar.v 2017 - Deccmber 2017 RPDI implemenled project lunded a1read.u" mentionedaboYe U-\'ledia program (lnremeu,s \envorh). 1\{ain aim olthe project is suppofi and ptomolc prolesslonalism of independent media in Ukraine, increasing the diversity of ue\\s suur(e\. improling the enabling environment for the media. implementing new media technologies in their aotivities, improving tl're organizational capacity of non-governmental organizations \\,orking in the media sector. ln 2017, besides providing lcgal assistance:

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RPDI Icd educational activities u'hich significantly increased prolcssional lelel of joumalists in areas of nredia la\{, access to infolmatioll. decentraLization reforms and local budget monitoring. visuaiization too1s. stol'"-telling (m rltlmedia content and audience engagement)- peculiarities of encrgy sector. peculiarities ofconstrurtion sector. Total training hours hosted by RPDI under this program during repofling pcriod over 125;

Over the course

of the project, RPDI

encouraged journalists

to write

arliclesido investigations using knou,ledge and skills oblaiDed during lrainings hosled b,v RPIll, tolal number ofanicles published u,ith PRDI involvement - al least 36: Networking activities initiated by RPDI over the course of the projec! lbr.joumalists. communit,v oi NGOs, government ofticials contributed to thc development journalists and initiation of.joined projects and initiatives, cross-regional investigative communication and cooperation among joumalists themselves, NGOS as \\eil as promoted dialoguc betBeen jolrmalists and authorities/governmenr olflcial on valious

During 2017, RPDI continued its effbns to promote unbiased media covcrage ol lopics of public signilicance. Speciflcall-v by implemenling project Imploving \4edia Covcrage for Woncn's I-eaders rvith suppofi ofNational Democratic lnstitute. A ke) direction of fiis project the campaign "Ask a \roman' is designed to hclp .journalists to cngagc more \rornen as expens and news sources. Within fie scope of project, RPDI launched and still running a campaign rvebsite against scxism in politics, media and evervda,v lile Povaha.org.ua. In 2017. r.ve also added to our pofifolio social poftal 'Women are 50% oi Ukrainc's success", which is aimed at enhancing and supponing ,,vomen in public and political lile, balancing the rcpresentation of women and men on key positions lor the acceleralion of a trul,v f.uropean modcl of society". The "50 Percenl" ,,i-ebsite locuses on increasing rvomen's political pafiicipation by developing and publicizing inlomlation for women irlterested in running lor polhical office. Within the scope of the project. RPDI expands ihe \\,ebsite in order to raisc the 7

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REGIONAL PRESS DE\"ELOP}IE\T INSTITUTE

MANAGE}IE\T REPORT visibiiity of women elected officials and increase o|erall public arvareness of the benehts of gender equalit,v. The "50 Percent" \\,ebsite 1'ealures the oblast-lcvel informaiion and advocac! campaigns that NDI's CSO partneN are conducting. During first half of 2017 RPDI continued implementation Project of the Fund for Media Development in partnership with embassy ofthe USA in Ukaine - "lmproving the coverage of gender sensitive topics' . The project had the following results:

42 joL[nalists received knowledge and practical skilis in covering gendcr sensitive topics; 88 works were submiiled tbr the competition for the best gender sensitive materials: three joumalists \\,ere awarded lor the best gender sensitive maleriali

toolkit on gender sensilive journalism was prepared

https:1/irm.org.ua/oosibnvk-izqenderno-chutlyvo-ylzhumalistykyl, norv d1e manual has almost 1.000 viewsl a roundtable on "Sexjsm in the Mediai How to ldenrif,v and Avoid it" was heldl three video tuto als on gendcr sensitive journalism u'cre prepared, rvhich are posled on website (https:/,/inp.org.ua/ts1kl-\'ideofilmiv-na-temu-genderu-izhurnalistyky0, thcse video lessons can be useful to those journaiists u'ho lor various

the RPDl's

reasons could not pafticipate in the training 01'lhe pro.ject

RPDI has successfully implemented more than 90 media suppoltillg projects lmanced by a diverse group of dot'tom for more than USD 4.66 million Overa11. since 2006,

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REGIONAL PRESS DEvELOP\IENT INSTITUTE M,4,N-{CE\IE\T REPORT

LIST OF PROJECTS IN PROGRESS

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coopelation u,ith EUACIi Strensthcning regional and local lelel (EUR 600 000).

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investigati\e joumaiism at

ln coopcration with the Minislry of Foreign Aff'airs of the Netherlands withilr the scope ofthe Matra Program project O/gdnizcttionol (-.apacit! Devlopme l lbr Centers ol lnve"'tigalite ,lournaltsm in Ukraine (lJltH2965 47A).

In cooperation \!ith IntemliDt Academ-v: Schools for Young Joumalists

and

bloggers (EUR 7 552).

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Investigative Joumalists. Conferencc was supponed by EU Anti-Corruption Initiative (EUACI), the Politiken Fonden

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ne\!spaper.

In cooperation wilh National Democratic lnstitute as pad of the continuation ol the projcct 1r?roling ).fedia Coteruge Jbr lfonten's Leatlers in lhe a ount

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Increasing Transparenc-v and Counteri|rg Comrption in Ukaine suppoded b-v lnternc$,s Network in cooperation wilh US Departmel1t of State (USD

In 2017, R?DI contlnued its cooperation rvith US Embassl: Project on gender sensitive reporLing (USD 16 038).

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development of

104 750)

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support and raining lor journalists and legal advice to journalists (USD

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cooperation rvidl N-ost: ploject investigative journalism (EUR 57 860).

In 2017, RPDI continucd its cooperation u,ith U-Media. \&hich supported RPDI aciivities in the areas of investigativc .journalism. new media, legal

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Strengthening Investigative Reporting in Ukraine supponed b) lnteme\\:s Network in cooperation \\,ith the Canada's Depaftment of Foreign Allairs, Trade and Development. (USD l9 ,147).

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REGION,A.L PRESS DEVELOPMENT INSTITUTE MANAGEMENT REPORT

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Revierv of currcnt position, future delelopments and performance of the Organization,s activities

The Organization's development to date. its perlormance and position as presented in the rl.lancial slatemenr: xre co.1iidered ,aLisf-. orr. Managcment and the Supervisory Board The members of Organizatiolls Management and Supervisory Board during the vear ended at December 3 1. 201 7 and at the date of this repoft are as follows: Manaqement team: Olga Trufanova - Executive Director

Supervisory Board: Oleg Khomemok

Yevgen

Chairman ofthe Board

Rybka Member ofthe Board

Iryna Wclls - Audit Committee Member Oksana Koval - Member of the Board

Tr, r.r Sadora - Nlerbcr ofrhe Board Sr .r'.-rr a

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There were no significanl churges in the assignmert of responsibilitics and remuneration of Management and the Supervisory Board.

Events after the reporting period

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Any significant events that occuned after the end of the reponing period are described in note 16 to the financial statements.

Disclosed in note 14 to the financial statements.

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Independent Auditors The independent auditors ofthc Organization, Russell Bedford RCG LLC, have expressed their willingness to contillue in office. A resolution of.the Board of Directots to reappoint them and io fix their remuneration u'ill be proposed at the next Supervisory Board meeting.

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INDEPENDENT AUDITORS' RXPORT

TO MANAGEMENT AND SUPERVISORY BOARD OF REGIONAL PRESS

DEI'ELOPMENT INSTITUTE Opinion

We have audited the financial statements of REGIONAL PRESS DETELOPMEN| 1,\'SffLTt (ihe Organization"), \\'hich comprlse the slatement of financial position as of December 31, 2017. and the staiement ofprofit and loss and comprehensive income, and siatenent ofcash flows for the year ihen ended,

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and notes to the financial statements, including a summary ofsignifrcant accounting policies.

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ln our opinion, lhe accompanying financial statements present fairly. in all material respecls, ihe flnancial position ofthe Organization as of December 11,2017, and its financial performance and ils cash flolvs lor ihe year then ended in accordance wilh Intemational Financial Repofiing Slandards (lFRSs).

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Basis

lor Opinion

We conducted our audit in accordance with lntemaiional Slandards on Audiling (lSAs). OLrr rcsponsibilities under those standards are further described in the A ditot's Respansibilities far the Audit oJ the Findncial Sla/r erls seclion of oul report. We are independent ofthe Organization in accordance wilh the elhical requirements thar are relevant to our audit ofthe flnancial stalements in Ukraine. and we have fulfllled our oiher ethical responsibil;iies in accordance with ihese requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other information Management is responsible for the other informalion. The other infornalion compdses lhe managenent reporl bul does not include lhe financial statements and our auditor's repofi thereon. Our opinion on the financial staiements does not cover the other infomaiion and we do nol express any form of assurance conclusiolr thereon.

ln connectlon uith our audit of the financial statements. our responsibilily is to read the oiher information in doing so, consider wherher the olher informalion is materially inconsislent lvilh the financial slatements or our knowledge obtained in the audit or oihe !ise appears ro be nralerially mjsstaled. and,

based on the rvork we have peformed, we conclude that there is a material misstatemenl of this olher informalion, \\'e are required to repori that facl. We have noihing to reporl in these regards.

Responsibilities

Management and Those Charged

with

Governancâ&#x201A;Ź

for the

Financial

Statemcnts Management is responsible for the preparalion and fair presentation ofthe flnancial smrcments in accordance \iith IFRSS, and for such inlernal conlroL as management determines is necessary to enable the preparalion of financial statements that are free lrom material misstatemenl. whether due to fraud or error.

ln preparing ihe financial statements, managemenr is rcsponsible Ior assessing ihe Organization s abilily to conlinue as a going concem. disclosing. as applicable. matters relaied to going concem and using the going concern basis of accounring unless managemenl eilher intends to liquidate the Organization or 10 cease operations, or has no realistic alternalive bui to do so, Those charged with governance arc responsible for overseeing the Organizalion's financial reforring Frocess

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Our objectives are to obtain reasonable assurance aboLrt whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to jssue an auditois repo( that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS will always detec! a malerial misslaiement when it exists. Misslatemenrs can arise ftom fraud or error and are considered material if, individually or in the aggregale, they could reasonably be expected to influence the economic decisions of users taken on the basis ofthese financial statements.

As part of an audii in accordance with ISAs, we exercise professional judgmenl anLl mainiain professional skepticism throughout the audit. We also:

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Identify and assess the risks ofmaleriel misstalemenl ofthe frnancial statements, whether due to fraud or enor, design and perlorm audit procedures responsive to those risks, and obtain audit evidence thal is sufficient and appropriate to provide a basis for our opinion. The risk of noj detecting a maierial misstatement resuhing from fraud is higher than lor one resuhing from eror, as iiaud may involle collusion, forgery, intentional omissions, misrcpresentations, or the ovenide of inlernal conlrol.

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Oblain an understanding of intemal conrrol relevant to the audit in order io design audit procedures that are appropriate in the circurnstances, but not forthe purpose ofexpressing an opinjon on the eflectiveness of the Organization's intemal control. Evaluate the appropriateness of accounling policies used and the reasonableness of accounjing eslimates and related disclosures made by nanagemenl.

Conclude on the appropriateness of management's use ofthe gojng concem basis of accounting and, based on the audil evidence obtained, whelher a material uncertainly exists relaled io events or conditions tha! may cast signiflcanr doubt on the Organizalion's abiliiy to coniinue as a going concern. Il we conclude thai a malerial uncerainB exists, we are requlred to draw afiention jn our audltor,s repo( to the related disclosures in the financial statements or, if such disclosures are inadequate. to modifv our opinion. Our conclusions are based on the audit evidence oblained up io the date ofour audiloas repofl. Holvever, future events or condiiions ma), cause the Organization to cease to continue as a going coneern.

Evaluate lhe overall presentation, siructure and contenl of the financial stalements, including the disclosures, and wheiher the financial slalements represent lhe underlying lransactions and events in a manner ihat achieves fair presentation.

We communicate wilh management regarding, among other nratters, the planned scope and timing of lhe audit and significant audit findings, including any signiJlcant deficiencies in internal control thai we identifv during our audit.

Ir),ia Shrefan)o

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Managing Partner Russell Bedlord RCG 5 Spaska Street, 6rh floor

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Regional Press Development Institute

STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME for the year ended December 31, 2017 (it1

EU&

Lmless otherwise stated)

Notes Revenue

Totxl revenue

2011

201.6

367 892

382 133

367 892

382 133

367 892

Program expenses

Total expenses

367 892

382 133

(1 800)

(2 041)

Unallocated (expenses) / income

Administrative and other expenses

l'inancial income,/(expenses), net

8ll

(673)

Movcment in net furdirg position from loss profit items

4 011

(2114)

458

)79 (2 -l3s)

Other compre hensire inco/n e Effcct of translation into presentation

Total movement in net funding position

1 169

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Regional Press Development Institutc

STATE}'IENT OF FINANCIAL POSITION as ol Dccember 31, 2017

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(in EUR, unless otheniise stated) Notes

Nan-current ossets Propefiy, plant a1ld equipment

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Liabilities And Net Funding Position CLrrenl Li0bilities Targetedflnancing payable

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Assets

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Total non-current assets

7',71

2174

1 916

916

C rrent Astets Targetedfinancing receivable

6 026

30 897

Prepa\me11ts and othei assets

2 721

633

Cash in bank

17i

05'7

29 578

807

61 108

184 5ft I

63 02,1

162 171

21 s56

Accruals and other payables

).2

20 7\3

42 411

Defened income

Total current

assets

Total assets

)

711

t 9t6

185 961

68 885

185 961

68 885

2 782

(2 158)

Forcign currency translation reseive

(,1 162)

(3 70,1)

Total net fundirg position Total liabilities and net lunding position

(1 380)

(5 862)

I 8,1 581

63 021

Total current liabilities Total liabilitiâ&#x201A;Źs Net/itnding position Umestricted

On September 03, 2018 N4anagement of Regional Press Development Institute al(holized these finallcial statements for issue.

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Regional Press Development Institute

STATEMENT OF CASH FI,OWS for the year ended Decembcr 31, 2017 (in EtlR, unless otherwise stdted) 2011 Cash Jl o\t.rt-om aper dt ing

actitilie s Cash received to cover program services

4 i

542 500

3,+7 003

532

l12

513 032

348 311

'11 142

99 225

45 369

49 179

42 883

t8 577

8 524

12 6'74

6 892

6 099

Cuflency exchange differcnces. net

Total cash receiYed Cash paid to corer corrrdcred cxpens'. rerT-Jnerariun: Expens legal services Experts - project activities

Expefis Experts Experts Expefis

traincrs and mentors

accountingservices public relations and communication financialservices Expeiis - data analysis Expens consultingservices Cash paid to cover: Events logistics services Emplot'ee's salaries and related taxes Production of project content Grants, awards and incentive payments to program participants Office rent and utilities Other direct program expenses 'franslation seNices Audit and consulting services

2 692 2 201

15 640

806

16 135

12 126 49 624 16 704

96 699

61 581

750

378

10 5,+8

1091

6 436

2. 81'7

5 164

2 922

968

2 055

Office maintcnances services

835

9\'7

Banl< services

763

973

Tclccommunication senices

145

778

Tolal ca.h laid

39.1 13.1

369 109

Net cash gcncrated from/(used in) operating aclivities

1,18 598

(20 795)

Operating currency erchange difference, net

r6 529

1620

165 t27

0 9 175)

Net incrcase/(decreisc) for the r-ear Cash in bank

Beginning

I+

20t6

29 578

52 740

Net increase/(decrease) for the year

165 t27

Elfect of translation into prcscntation currency

(21 618)

(19 175) (3 987)

Cash in bank, ending

173 057

29 574 15

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REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the ) ear ended December 31, 2017

(all auounts are in EUR, unless othentise stated)

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Note 1. General information

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Regional Press Developmcnt lnstitute (RPDI or the 'Organization,) is the non-profit nongovernment organization, incorporated under Ukrainian la$'as a legal entit_v in 2006. It has neither sharc capital, nor retaincd ean'ings. The goveining bodles of rhe Orgcorzcrron cre management and the Super\isor) Board. RPDI is bascd in Kier,. l-rkraine: Khrcshchaqk 4.1 B. office 301.

Prillcipal activities of the Organization are development and enhancement of the tiee media profession ia Ukraine t1'uough training and legal suppofi of mcdia prolessionals. mainrenance of infon'nation resourccs lor use by media professionals; promotion of transparenc\, anci lacilitation of access to infomtadon; improvemenl and promotion of ut]biased mcdia cor,eraqe of topics ofpubLic significance.

Note 2. Basis of preparation (a) Statement of compliance

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The financial statenents have been preparcd in accordance Itcpolting Standards (lFRSs) as issued b\,the IASB.

(b) Basis of measurcment The financial statements have becn prepated under thc historical cost convention.

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Intcmatjonal Financial

(d) Adoption of new and revised International Financial Reporting Staudards

and

Interpretations

During the current vcar. the Org.rnizatiol] adopred all the changes to lnternalional Irjnancial Reporting Standards (IFRS) as issued bl the Intemational Accounring Standards Board (IASB) that ere relcvant to its operations and are eflective lbr accounting periods begiming on 1 Janua4,2017. 'l-his adoption did not have a maledal clfect on rhc financial statemcnts oflhe Organization.

At tlie daie of approval of these financial statements, Standards. Revjsed Shndards and lnterpretations rvere issued by the International Accounling Standards Board rvhich rvere not )et eflectivc. i\{anagement expects that the adoption offiese tinancial repofting standards in fur].lle periods u,ill not have a material ellect on the flnancial stalements ol the Orsaniz.lrion. (e) Lse of cstim,rtes

{nd judgments

Thc preparation of financial statements in accordance $ith IFRSs rccluires liom Manage|nenl the excrcise ofjudgment. to makc cstlnlates and assumptions that influence the applicarion of accounting princlples ancl the related amounts of assels and liabilities. income and erpcnscs The estimates and underlving assumptions are bascd on historical expericncc and \ adous other factors that are deemed to be reasonable based on knorvledcc available al that time. Actual results mav deviate t'r'om such eslinrales

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31, 2017

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omounts ere in EUR, unless otherwise stctted)

Note 2. Basis of preparation (cont.)

The estimales and underl-ting assumptions are revised on a continuous basls. Revisions in accounting estimates are recognized in lhe pe od during which the estimate is revised, if the estimate affccts onl] that period, or in the period of the revision and future periods, if the revision aflects the prcsent as \\el1 as future periods.

(0 Functional and presentation currenc"y

l'he lunctional currelcy of the Organization is the Ul<rainiar,r Hryvnia (hcreinalier UAI-I). Transactions in currencles other than lhe functional ourrency aie treated as ucnsacrions in lbreign cunenoies. Management decided to use Euro (hereinal'ler - "LUR") as the presentation crt:clc] lor finatctol arrd ndna!(m(nl repol:nL, plrpo'es.

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Note 3, Significant accounting policies

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The follouing accounting policies have been applied consistellll) Ior all the )cars preselted in these financial sialements and in stating the perlbrmance and financial position ol the Organization.

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translation

Trdnsactions and bdlances

Transactions in foreign currencies are initially recordcd by the Organization at their respectivc functional curenc-v rates prevailing at the date ofthe transaction.

Monetary assets and liabilities are translated into the functional cunency at the rates ruling al the end of the reporting pe od. Foreign exchange income and losses, arising lrom transaclions in foreigi curency. and also from translation of monetary asscts and liabilitics into ihe functional currency at the ratc ruling at the end of the ,vear, are recognized in financial incon]e or losses, The exchauge lates used in preparation ofthese financial slatemenls are presented below:

weighted

Weighted Curreno)

Decen'rbcr 31,

2017

EIIR to tlAH

0.01

average lbr year ended December 31. 2017 33,50

Deccmber 31.

20t6

avcrage lbr year ended December

31.2016 28.12

28.28

The empo$erment of the ELJR against UAH has resulted in ihe reduction of various values disclosed in the statcment of income oi loss and other comprehensivc income and financial statement of net funding position. This teduction is applicable only in case of translatlon into presentation crmency. The foreign currencies ma-,- be frcel) con\efliblcontheterritoryofUkraineatthee\change rate \&hich is close to the exchange rale established by the National tsank olUkraine. At thc momenl. the UAH is not a lrecl] con\ er1ibLe currency oulside thc Ukraine.

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REGIO\-{L PRESS DEYELOPMENT INSTITUTE \OTES TO FINANCIAL STATEMENTS for the vear ended December 31,2017 (all amounts are in ELiR, trnless othenNise stqted) Note 3. Signilicant accounting policies (cont.)

(ii)

Presentation

cutenq,

The functional currencl, is the UAH. the presentation currency of these financial statement is EUR. Exchange differences arising are rlasstfieti as tor.ign.urrcncl trinslation reserve a1ld tnnsfe ed to the net lunding position.

Propertv. plant and equiDment Propefty, plant and equipment are lneasured at cost less accumulated depreciarion and impairment losses. Depreciation is recognized in profit or loss on the straight-line method over the usefui lives of ol p-open). p.dnt and equipnert. Uselul lives applied for the cunent and comparativc petiods are as followst

<a.h iicnt

Type of Asset

years

Con'rputers and officc equipment

2-5

Furniture

Other equipment

Depreciation metltods. useflll lives and residual values are reassessed at the repo ing date. Depreciation stafts from the following month of the date an asset is available tbr use. and depreciation is fulLy accumulated when useful Iile terminates. Where the canying amount of an asset is greater than i1s estimated recoverable amount. the asset is written dou,n immediately to its recoverable amount.

An item oJ propefiy, plant and equipment is derecognized upon disposai or r.vhen no future economic benefits are expected to arise fron the continued uie of fie asset. Anv sain or loss arising on the disposal or retirement ofan item ofpropeny, plant and equipmenr is"cletermined as the diflerence bet\&een ihe sales proceeds and the cariying amounl-of the asset and is recognized in profit or loss. Intansible

assets

Intangible assets arc measurcd initiall,v at purchase cosi and are amonized on a straicht-line basis over their estimated useful lires. Useful live applied lor the curreot and comparative periods is equal to 5 ),ears.

An intangible asset is derecognized on disposal. or when no l.uture economic benefits are expected from usc or disposal. Gains or losses arising fi.om de_recognition of ar intangiblc asset, measured as the difl'erence between the net disposal proceeds anJ the carrving amou-nt of the asset, are recognized in profit or loss r.vhen the asset is de-recoeniTed Tarected financing

reccit able

Targeted financing recei'able arises rvhen cumulative cash tranches recei\'ed as at reDorlino date to lund program expenses are less than recoglized program expenses as at the same daie.

REGIONAL PRESS DI,VELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the "vear ended December 31, 2017

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(all amounts ctre in EUR, unless otherwise steted)

Note 3. Significant accounting policies (cont.)

PreDayments and other current assets

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cment assets represent retular prepayments to suppliers lor goods and services. These are recognized when cash pa)ments are nrade and arc o.iginall] mcasurcd in the amount of pa,vmcnts. Subsequentl! these are canied al hisloric cost less irrpsinrent provision.

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Prepa]me11ts and other

For the purpose of the statements of financial position and cash Ilows. cash and

cash

equivalents compdse cash at bank.

Delerred incomc Delerred income represents reallocation fron1 program re!enues and other income to the extcnt ofcash paymcnts rcccivcd lor rvhicli expenses will be recognized in luture periods.

Targeted financing

oayable

Targered I_lnancing represents curreit balance of settlements \\'ith donors of program revcnucs. These are recoglized rvhen cash tranches are received lrom donors. During the recognition of expenses, directl,y related to specifrc program activities. these balances are released 10 program rcvcnucs in the equivalent amount.

Accruals atrd othcr DaYables Accruals and other pal ables represent liabiliries incuned b! thc Organizations in the coursc ol its ordinary' acrivities $hen reler'ant palrnents have not yet been settled. l_hese are carried at amorlized cosl. Net fundirg position

positive net funding position represents llnrestricted resources aYailable

support

organizational operations. u,hich arise ftom prior activities of the Organization. \\hen expenses incurred lbr specihc programs and unallocated cxfcnses \!ere less then assets received fiom dolrors for the samc pur?ose and zero targeied llnancing balanccs ucrc confirmed by the donors. Conversely, if expenses incurred lor speciltc programs and unallocated expenses exceed assets received from dono6 for the salne purpose and zero targeted llnancing balaices are confimed by the donor. a negative net funding position arises At each repo ing date net funding position represents undesignaled o\\n lLrnds and propcd),. plant and cquifment

unrcstrictedloruselessaccruedliabllitles,notrelatedtoanldonor-financedproursmautiritics Program reYenues Program revenues are recognizcd in the anrount ol expenses incuried 1br program actir ities and in the period \\hen these expenses are incurrcd. RPDI does not account lor contributions to t-.c received in lhe form olunconditional promises to givc or pledges as revenue.

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The Organization receir,es lunding liom donors. I ha OrgMization does not ha\ e an-v sourccs ol income, other than lunds obtained as grants, sub-grants or under cooperation agrcements, pa nership agreemenis and serr ice contracls.

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REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017 (all amounts ctre in EUR, unless otherwise stqted) Note 3. Significant accounting policies (cont.) ExDenses

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Expenses are recognized on the accrual basis. Program expenses include direct program expenses and allocated joint costs.

Tax status

The Foundation is a not-for-profit organization exempt liom income tax and VAT under I lkrainian T.aw

Note 4. Operating segments

reportable segment is a detachable component of the Organization s activities which represents main areas of statutory objectives. The Organization receives financing liom donors for implementation ofthese statutory objectives. Repoftable segments are reported in a mannei consistent with the intemal repofiing provided to the chiefoperating decision-maker. The operating components have independent revenues and are managed separately. As the Organization is established as non-profit NGO, reporlable segments' expenses are equals to relevant revenues and managed separately from other segments as well. All expenses are allocated to specific reportable segments, except general administrative expenses \r'hich could not be directly allocated. Similar to profit and loss items, at each reporting date ali balance sheet items are allocated to specific repoflable segments, exoept those which could not be allocated.

ln each rcpofiing period there *ere no intm-segment transactions. as well as veftical integrarion between reportable segments.

In the year ended 31 December 2017 the Organization identified the lbllowing repoflable segmentsl

Training and education for media professionalsi 2) Legal suppofi and media la* education; 3) Promoting of government tlansparency and facilitation ofaccess to information; 4 r lmpro\ emenr ol unbia.ed medi" cor <raBe ot u oner and "ninori,ics. 5) Development of investigative joumalisls' networks. 1)

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REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017 (all amounts are in EUR, unless othet'wise stqted) Note 5. Revenues During 2017, the Organization obtained funding from diflerent donors under gmns, sub-gmnts, cooperative and administration agreements: 2017 Program revenues De duct

n.fr o m r ev enue

2016

t42

383 065

(2 2s0)

(932)

367 892

382 133

370

Deduction from revenue represents deferral of revenue in the amount of expenses that recognized in future periods

will

Program revenues per type ofagreements are presented as lbllows: 2017

2016

Grants

169 660

120 501

Sub-grants

119 424

139 095

Cooperative agreements

40 166

46 9,18

Administation agreements

892 '7

Partnership agreements

310112

6 511

383 065

A A

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017 (ctll amounts are in EUR, unless otherwise stated)

Note 5. ReYenues (cont.) Program revenues by Donors are prcsented as follows:

2011

2016

Internews Network, Ukraine (U-Media program)

91 203

17 t62

Danish Ministry ofForeign Affairs, Danida

80 912

48 228

14 51'7

40 166

46 948

International Development Agency lrterne',,,. Nerwork. Ukrrine (lncre.r"ing fron.parencl and Cor.mrering Corruption in

i4 267

25 7'7I

Ukaine) Ministry ofForeign Affairs ofthe Netherlands US Embassy, Kiev, Ukaine

23 954

32276

Global Investigative Jornalism Netrvork

10 049

ost (N-vestigative), Gemany

National Democratic Institute, USA Intemews Network. Ukraine / Canadian

Geman Forcing Ministry, Interlinl( Academy Council oI Europe

20 558

t2'708

1200

7 254 843

Democratic Society East, Poland

56 753

Transitions, Czech Republic / Ministry ofForeign

Affairs ofthe Czech Republic

37 312

22 629

Intemational Renaissance Foundation, Ukraine Transitions, Czech Republic / National Endownment for Democracy, USA

2L',734

l7 474

Eastbook. Poiand

lnreflre\\s Ner$o-1, I Lrrine 'All-l krajnian Investigative Reporting Conference Geman Embassy, Kiev, Ukraine

3 880

Niras/Objectives North

1682

3 720

310 t12

383 065

--L

? T ? ta,

A A .A

+ + A A

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017 (all ctmounts are in EUR, unless othet-wlse stated) Note 6. Program expenses During 2017, the Organization incuned the following expenses directly related to programsl 2016 2017 Note Contracted experts' fees

6.1

159 110

213 078

Events logistjcs

6.2

96 058

73 139

Employee salaries and related taxes

6.3

60 417

Production of project content

15 601

18 103

Office rent expenses aIld utilities Gmnts, awards and incentive payments to progmm pafticipants Translation seNices

10 602

1 726

557

592

13 045

3 633

Other direct program expenses

2 885

4 189 r 963

Office materials and supplies

2 731

1648

Unused vacation expenses and related taxes

1914

2 725

Audit and consulting services

1268

2 t96

Olfice maintenances

869

815

Bank services

1036

Telecommunication services

712

Depreciation and amortization

640

141

361 492

382 133

Note 6.1. Contracted experts'fees Fees ofcontmcted experts are analyzed by the Organization as

Iollowsl

By degree of cooperction :

2017

2016

i28

Regularly contracted expens

Other contracted experts

62 413

51 750

159 110

213 079

69',7

161

REGIONAL PRESS DEYELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31, 2017

=all

(all amounts are in EUR, unless other\,/ise stdted)

-rNote 6.1. Contracted experts'fees (cont.)

+) -a_

l-l_ 1-) )-5) l-

-4.-

l--

B)) type of

refiuneralian:

Expens 1ega1 services Experts projectactivities Experts

traineN and mentors

Expefts accountingservices Expefts public relations and communication Expefis

Experts Experts

1-l-

sfs

+ +

5 5

+ +\ !t l+,

:t :,

61 927

101 793

41 950

5A '7 67

37 171

23 916

1 466

t3 872

5 524

7 654

2 725

data analysis

1535

consulting services

15 076

806

159 I I0

213 078

2017

2016

By degree ofinvolrement in ptogram ucliyilie:i'

1t4

167 013

General coordination of projects

27 598

25 227

General costs to organization

14 098

20 808

159 I t0

213 078

2011

20r6

Support of project activities

$ $ 5

2016

financial serviccs

I f-

2011

117

Note 6,2. Events logistics

Organlzation and coordination of events

7',79

61 119

Travel, per diem and accommodation olprogmm pafticipants

43 613

10 357

Rent ofpremises for program activities

606

1603

96 0s8

73 139

2011

2016

Note 6.3. Salaries and related charges

Salaries

50 8rJ9

141

Contributions to social funds

9 558

6 416

Unused vacations accrual and relatcd charces

1 911

2 725

62 381

41 282 26

rfa

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31, 2017

!t a,

t7 ? ? +

(all amounts are in EUR, unless otherwise stqted)

Note 7. Movemeot in net funding position 2017 As at 1 January Exchange differences, net

Movement in unallocated unused vacation provision Contracted expefis' fees not covered by Donor's firnding Salaries and related charges

Audit services

(5 862)

(3 427)

8 811

(6',73)

(3 r40)

749

(1 1e4) (266)

(8e3)

(200)

Other unallocated (expenses)/income

Effect of tanslation into presentation currency As at

3l December

2016

(

r 414) (483)

471

279

(1 380)

(s 862)

t t I t q.

I I 4 4 4 _-)

-t 4 )

I -1

1 !)

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017 (all amounts are in EUR, trnless othefirise stated) Note 8. Property, plant

& equipment Computer and officc equipment

Cost Balance at 1 January 2016

7 189

2 451

171

298

Additions Elfect of translation into presentation currency Balance at 31 December2016

Deprcciation Balance at I Jaruary 2016 Charge for the ,vear On disposals

Balance at 31 December 2016

Total 9 940

072

(72)

(12)

(715\

7 679

1e1) 2 +86

(5 302)

(2 451)

ll0)

(45)

(1 175)

190

607

2r)

(8 219)

Disposals

Effect of translation into presentation currency

Non-current loryvalue equipment

(584)

(

4t1 (6 015)

t0 (7

165

7si)

Carrying alnounts

661

252

916

7 679

2 486

165

Additions

2 607

283

2 890

Disposals

(1 518)

(631)

(2 14e)

(1 276)

(340)

(r 616)

Balance at 31 December 2016

5 6 e e a -

e e e 5 a.l4 I a,

Balance at

January 2017

Eft'ect of translation into prese0tatioll curlenc,v Balance at 31 December 2017

7 192

798

9 290

(8 2s0)

Dcpreci{tion Balance at 1 January 2017

(6 016)

(2 234)

Charge for the year

(1 299)

(30e)

1 518

611

2 t49

889

l0.l (r 608)

1 t91

(1e08)

(h 5l6.l

2 584

190

2111

On disposals

60lJ)

[ffect of tralxlation into presentatioll curency Balance at 3l December 2017

Car{ing amounts Balance at 31 December 2017

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017

-t 1 -t

(all amonnts are in EUR, unless otherwise stated) Note 9. Targeted financing Targeted financing by donors is presenled as Iollo\\'st

3t-12-2011 Danish Nlinislry ol Foreign At1ai.s. Danida

4 I 1

\4inistry of Foreign Aflairs of the Netherlands National Democratic lnstitute, USA Global lnvestigative Jornalism Net$ork Intemews Network, Ukraine (lncreasing l 'ar.porercr Jnd ( oLnrerilg Corrupr'o.l in Ukraine) N ost (N-vestigative), Germany Ioreing Ministry, lnterlink Academy Tnternews Netu,ork- Ukraine,/ Canadian Intemational Development Agency Gema11

1 1 -t =,

4 -

Council of Europe

31-t 2-2016

(119 082) (25 8,16) (16 712)

(16 715)

(317)

(302) (215)

1871

3 436

152

1 14',7

843

US Embassy. Kiev, Ukraine

Tnnsitions. Czech Republic / \4inistry ofForeign Affairs ofthe Czech Republic

)

10 716

ta 274

Democratic Society East, Poland Transitions, Czech Republic / National Endo\umcnt lor Democracy, USA

6 427

l.tlerncrr. \et{.rrk. I nraine A -l lrxin:Jn lnvestigative Repofi ing Conference

I (1s6 4.18)

857

6 3,11

a-J

Summary ofT.fgeted financing outstanding amounts is presented as follows: -a,t

!) 1 I 1

3t-12-2011

Targetedhnancing payable Targeted financing

receivable

3l-12-2016

(t62171)

(2.1 556)

6 026

30 897

(1s6148)

3,11

!.,

1 J -

::::I REGIONAL PRESS DEYELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31,2017 (all amounts are in EUR, unless otherw-ise stated) Note 10. Prepavments and other assets At each repofting date prcpaymenrs and other assets collsist ofthe follo\\,.ing:

31-12-2017 Deferred expenses

3t-12-2{t16

2 207

Prepayments lbr services

472

481

152

Pavroll taxes and contributions prepaid

2 724

Note 11. Cash in bank Cash and cash equivalents at each reporting da e .n,:lrJe accornt. opeled in USD. EUR and IJAH.

31-12-2011 Cash in bank denominated in EUR

113

uith ProcreJit ltrnk

31-12-2016

2',7'.l

barli denominated in IIAI-l

59 799

9 365

Cash in bank dcnominated in USD

12 561

Cash in

Cash in transil denominated in EUR

5 000

Cash in transit denominatcd in USD

2 650 173 057

29 514

Note 12. Accruals and other payables At each reporting date accruals and other payables consist ofthe lollo*i|rg:

31-12-2017

3t-12-2016

Payables to regularly contracted expefis

for goods and services Provision for unused vacation

5 334

t3 765 21226

5 670

2 210

Provision for audit sen,ices

2 329

2111

265

t02

20 713

12 111

Pa,"-ab1es

Payro11, related taxes and

contributions

115

REGIONAL PRESS DEVELOPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31, 2017 (all amounts are in EUR, unless other"wise stated)

Note 13. Deferred income At each reporting date deferred income consists ofthe following:

Deferred income on restricted in use PPL

3l-12-2017

3t -12-2016

0t6

927

758

989

2 774

l916

Deferred income on umestricted in use PPE

Note 14. Related party transactions The organization is managed by the Board ofDirectors. For the puposes of these financial statements, parties are considered to be related if one party has the ability to control the other pafiy, is under common control, or can exercise significant influence over the other party in making financial or operational decisions. In conside ng each possible related party relationship, attention is directed to the substance ofthe relationship, not merely the legal form.

According to these criteda the related parties ofthe Organization are divided into the following categories:

a. b.

Key management pelsonnel; Members ofthe Board ofDirecton;

Transactiom with related parties for the year

December 2017 and 2016 were as follows:

(a) Key uanagehenl remuneration 2017

2016

21 510

32 685

21 510

32 685

2017

2016

Organizational services

8 602

9 836

Confuacted experts remuneration

9 331

10 650

20 486

Payroll and related taxes

(b) Senices

933

, , , s

REGIONAL PRESS DEvELoPMENT INSTITUTE NOTES TO FINANCIAL STATEMENTS for the year ended December 31, 2017 @ll qmounts are in EUR, unless othet'wise stqted)

i i

. I I ,

Note 14. Related part) tran5actions (cont.) Outstanding balances with identified related parties as

December20lTand20l6wereas

follo*,, Palables

for goods dh.l \ctvices

Members ofthe Board ofDlrectors

Note 15. Contingent liabilities

) I i

Pe siott dnd olher liabilities

'i ' I ,

ofll

3t-12-2017

31-12-2016

5t0

241

211

3 510

Organizarion's emplorees receive pension benefits from the Suie Pension FLrnd, a Ukrainian Gor"* organization. in accordance with the applicable laws and regulations of Ukraine. "nt The Organization js obliged to contribute a specified percentage of salaries to the State Pension Fund to finance thc benefits. The only obligation of the Organization with respect to this p"rrsion plan is to make the spccificd contribution from salaries.

for any supplementar-vpension payments. health care, insurance or retircmcnts indemnities to its current or lormer at

Dscernber' 2017, and 2016 thc Organization had no liabilitics

employees.

Note 16. Events after reporting date

After the repofiing date, there are no events lhat have a significant impact on the aclivities oI the Organization.