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Financial Summary
Finnancial SUMMARY
The information below for the year-end December 31 is derived from the financial statements for 2019 (in Mexican pesos), which were audited by BDO Mexico. Our complete audited financial statements are available upon request.
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2019 2018
Revenue
Contributions for projects $ 2,931,205 3,088,364 Membership dues and other income 1,116,331 0,999,028
Total 4,047,536 4,087,392
Expenses
General Expenses 3,846,814 4,061,648
Financing activities
Currency loss, net (,260,215) (,006,009) Dividend income 0,035,360 0,000,000
(,224,855) (,006,009)
Increase in equity (,024,133) Equity at the beginning of the year 0,691,337
0,691,337
The report currency of the Alliance, for legal and fiscal purposes, is the Mexico peso. The functional currency of the Alliance is the United States dollar, because it is the currency of the economic environment in which it operates, since its revenue and expenses, as well as its main assets and liabilities, are in this currency.
