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By the end of 1998, Greenpeace had
2.4 million financial supporters (1997
2.5 million). This reflects our efforts to strengthen the number
of regular
supporters as opposed to one-time donors. Although leading to a decrease
of actual
supporter numbers in the USA for example, this strategy at the
same time improved the financial
situation of this office considerably.
In newer offices, numbers of donors increased substantially, such
as in
China with more than 3000 additional regular supporters.
In order to direct resources more effectively into campaigning work, Greenpeace Sweden, Finland and Norway merged to form the Greenpeace Nordic Region, while Greenpeace Australia and Fiji merged to become the Greenpeace Australia / Pacific Region. There is no longer a Greenpeace presence in the Ukraine, and the Greenpeace offices in Tunisia and Guatemala have been scaled down. At the same time, we are carrying out feasibility studies with a view to improving our presence in South East Asia and India due to their increasingly strategic importance.
As a a result
of investment in their development programmes, almost all offices outside
Europe and North America
(which are already self-sufficient) are heading
towards financial self-sufficiency in the next three
years. This too will
make more resources available for campaigning work. Successful fundraising
programmes in Hong Kong / China, Argentina, Brazil and the Czech Republic
are paving the way for
creating a strong base for our work there.
Greenpeace International pro forma summary financial statements
Years ended 31 December 1998 and 1997, all amounts are thousands of US $'s
Preparation of the Greenpeace International pro forma summary financial
statements.
These pro forma summary financial statements have been derived from the financial statements of Stichting Greenpeace Council and other affiliated Greenpeace organisations but excluding the Greenpeace national offices.
The financial statements have been prepared in accordance with International Accounting Standards.
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 that it is received.
Individual Greenpeace International organisations' financial statements have been translated into US dollars. 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 year-end rates for the years concerned. The resulting translation gain or loss is 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. Ships are not further depreciated than their residual value.
In 1998, certain overhead costs have been allocated to various expenditure categories based on estimated actual usage. In 1997 these costs were included in administration. The comparatives for 1997 have been reclassified, resulting in a reallocation of US $1.2 million from administration costs to other expenditure areas.
Interest amounts are shown gross in 1998. The comparatives for 1997 have been reclassified resulting in a US $230 thousand reclassification between interest income and interest expense.
Balances
and transactions between Greenpeace International organisations have been
eliminated. Balances receivable from Greenpeace national offices are subject
to assessments of their collectibility. The total provision for uncollectible
balances at the end of 1998 was US $0.4 million (1997: US $0.7 million).
|
Income and Expenditure |
1998
|
1997 |
|
Income: |
31,337 225 364 |
|
| Total Income |
31,926
|
32,146 |
| Expenditure: Grants to Greenpeace national offices Campaigns Oceans Forests Genetically Modified Organisms Toxics Climate Nuclear and Disarmament Campaign Support Media and Communication Marine Operations and Action Support Fundraising Administration Interest |
5,168 1,287 1,904 787 1,680 2,103 1,535 1,820 5,878 1,548 4,816 296 |
5,484 860 1,551 448 2,379 3,792 2,035 1,451 6,131 1,428 4,756 230 |
| Total Expenditure | 28,822 | 30,545 |
| Surplus
for the Year Opening Fund Balance Translation Gains/(Losses) |
3,104 17,315 1,027 |
1,601 17,453 (1,739) |
| Closing Fund Balance | 21,446 | 17,315 |
|
Balance Sheet |
|
|
| Fixed
Assets Due from Greenpeace national offices Other Assets Cash |
10,560 4,893 798 15,608 |
13,894 3,733 713 8,707 |
| Total Assets | 31,859 | 27,047 |
| Liabilities Due to Greenpeace national offices Other Liabilities Fund Balance |
4,890 5,523 21,446 |
5,716 4,016 17,315 |
| Total Liabilities and Fund Balance | 31,859 | 27,047 |
Auditor's
Report
We have audited the pro forma financial statements of Greenpeace International,
Amsterdam, for the years ended 31 December 1998 and 1997, from which the
pro forma summary financial statements set out on this page were derived,
in accordance with International Standards of Auditing. In our report
dated 16 June 1999 we expressed an unqualified audit opinion on the combined
financial statements from which these pro forma summary financial statements
were derived. These combined financial statements are the responsibility
of Greenpeace International management.
In our opinion, the pro forma summary financial statements set out on this page are consistent, in all material respects, with the combined financial statements from which they were derived.
Greenpeace 'World Wide' pro forma summary financial statements
Years
ended 31 December 1998 and 1997, all amounts are thousands of US $'s and are unaudited
Preparation of the Greenpeace 'World Wide' pro forma summary financial statements
These pro forma summary financial statements have been prepared, where possible, from the audited financial statements of Greenpeace International and individual Greenpeace national offices. Where audited financial statements were not available (either because no audit was performed or the audit was not completed) unaudited financial information was used.
The financial statements of the individual Greenpeace national offices have been adjusted, where appropriate, to harmonise the accounting policies with those employed by Greenpeace International (as presented above).
Individual Greenpeace national offices financial statements have been translated into US dollars. 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 year-end rates for the years concerned. The resulting translation gain or loss is recognised in the fund balance.
Certain 1997 figures have been reclassified for comparative purposes to conform to the current year's presentation.
Balances
and transactions between all Greenpeace organisations have been eliminated.
|
Income and Expenditure |
1998
|
1997 |
|
Income: |
121,095 1,107 3,095 |
|
| Total Income |
125,297
|
125,648 |
| Expenditure: Campaigns Oceans Forests Genetically Modified Organisms Toxics Climate Nuclear and Disarmament Campaign Support Media and Communications Marine Operations and Action Support Public Information and Outreach Fundraising Administration |
7,885 5,532 3,349 8,938 11,319 7,473 9,957 10,164 10,832 24,303 18,199 |
6,611 3,304 1,007 13,796 13,668 8,477 11,125 10,412 15,732 23,970 19,922 |
| Total Expenditure | 117,951 | 128,024 |
|
Surplus/(Deficit)
for the Year |
7,346 76,410 4,799 |
(2,376) 89,245 (10,459) |
| Closing Fund Balance | 88,555 | 76,410 |
|
Balance Sheet |
|
|
| Fixed
Assets Current Assets Other Assets Cash |
20,745 9,863 87,152 |
24,429 7,607 71,518 |
| Total Assets | 117,760 | 103,554 |
| Liabilities
Fund Balance |
29,205 88,555 |
27,144 76,410 |
| Total Liabilities and Fund Balance | 117,760 | 103,554 |
Auditor's Report
Greenpeace International management has prepared the Greenpeace 'World
Wide' pro forma summary financial statements for the years ended 31 December
1998 and 1997, presented on this page from the financial statements of:
Greenpeace
International as presented above
Greenpeace national offices
We have compared these with the financial statements of Greenpeace International and the adjusted individual Greenpeace national offices and have found them to be in conformity therewith. We have not audited the financial statements of the Greenpeace national offices, nor the summary on this page and accordingly express no opinion on the Greenpeace 'World Wide' pro forma summary financial statements.
Accountants
nv, Amsterdam, 16 June 1999