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Financial
Statements
Greenpeace
International pro forma summary financial statements
Years
ended 31 December 1997 and 1996, all amounts are thousands
of US $'s
|
Income and Expenditure
|
1997
|
1996
restated
|
| |
|
|
|
Income:
|
|
|
|
Grants from Greenpeace national offices
|
31,640
|
30,019
|
|
Grants and Donations
|
177
|
264
|
|
Interest
|
99
|
333
|
|
Total Income
|
31,916
|
30,616
|
| |
|
|
|
Expenditure:
|
|
|
|
Grants to Greenpeace national offices
|
5,484
|
6,602
|
|
Campaigns
|
|
|
|
Biodiversity
|
2,617
|
3,714
|
|
Toxics
|
2,185
|
2,059
|
|
Climate
|
3,518
|
1,688
|
|
Nuclear and Disarmament
|
2,019
|
3,316
|
|
Campaign Support
|
|
|
|
Media and Communications
|
1,224
|
2,745
|
|
Marine Operations and Action Support
|
6,001
|
5,636
|
|
Fundraising
|
1,315
|
1,948
|
|
Administration
|
5,952
|
5,094
|
|
Total Expenditure
|
30,315
|
32,802
|
| |
|
|
|
Surplus / (Deficit) for the Year
|
1,601
|
(2,186)
|
| |
|
|
|
Opening Fund Balance
|
17,453
|
20,072
|
| |
|
|
|
Translation Losses
|
(1,739)
|
(433)
|
| |
|
|
|
Closing Fund Balance
|
17,315
|
17,453
|
| |
|
|
|
Balance Sheet
|
1997
|
1996
|
| |
|
|
|
Fixed Assets
|
13,894
|
16,237
|
| |
|
|
|
Current Assets
|
|
|
|
Due from Greenpeace national offices
|
3,733
|
2,785
|
|
Other Assets
|
713
|
794
|
|
Cash
|
8,707
|
9,691
|
|
Total Assets
|
27,047
|
29,507
|
| |
|
|
|
Liabilities
|
|
|
|
Due to Greenpeace national offices
|
5,716
|
7,857
|
|
Other Liabilities
|
4,016
|
4,197
|
| |
|
|
|
Fund Balance
|
17,315
|
17,453
|
|
Total Liabilities and Fund Balance
|
27,047
|
29,507
|
| |
|
|
Preparation of the Greenpeace International pro
forma summary financial statements
These pro forma summary financial statements have
been prepared from the financial statements of Stichting
Greenpeace Council and other affiliated Greenpeace organisations
but excluding the Greenpeace national offices whose
summary income and expenditure statements appear on
finance4, finance5,
finance6 and finance7.
Income and expenditure are accounted for in the year
to which they relate. On the basis of prudence, income
is only recognised to the extent it is received in the
relevant year. This represents a change in accounting
policy for grants and donations, which were previously
recorded as income when received. This change in policy
has no effect on grant and donation income presented
in the pro forma summary financial statements of Greenpeace
International.
Exchange gains and losses on transactions denominated
in other currencies than the functional currency of
individual Greenpeace International organisations that
were previously recognised as translation gains are
now included in administration. The comparative figures
for 1996 have been restated, resulting in administration
being reduced by US $0.5 million and translation gains
of US $0.1 million being changed to translation losses
of US $0.4 million.
Individual Greenpeace International organisations'
financial statements have been translated into US $'s.
The local currency amounts of income and expenditure
have been translated at average rates for the years
concerned. Balance sheet items have been translated
at the rates ruling at the balance sheet dates. The
resulting translation gains or losses are recognised
in the fund balance.
Fixed assets are stated at cost less depreciation.
Depreciation is provided to write off the cost of fixed
assets over their useful lives.
Balances and transactions between Greenpeace International
organisations have been eliminated. Balances receivable
by Greenpeace International organisations that are due
from Greenpeace national offices are subject to assessments
of their collectibility. When circumstances indicate
that a balance is not recoverable in the foreseeable
future it is provided for. The total provision for uncollectible
balances at the end of 1997 was US $0.7 million (1996:
US $2.3 million). Greenpeace International granted US
$1.3 million to a Greenpeace national office that was
charged to this provision during the year.
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