2014 Financial Highlights
Extracts of the Audited Financial Statements
Evaluation and Internal Audit Office (EAO)
Financial highlights — 2014
The budget appropriations for 2014-2015-2016 and the financing of the appropriations, as approved by the Assembly, are shown in Table 1:
As shown in Table 2, the final appropriation for 2014 was adjusted to CAD 86 205 000, as a result of:
i)
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the carry-over of 2013 appropriations to 2014 for a total of CAD 11 289 000 in accordance with Financial Regulation 5.6 and Financial Regulation 5.7;
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ii)
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the decrease of appropriation of CAD 29 000 being the amount not reimbursed to the Regular Programme by the Administrative and Operational Services Cost Fund (AOSCF) as approved by C-DEC 200/2;
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iii)
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the transfer between Strategic Objectives or Supporting Implementation Strategies in accordance with Financial Regulation 5.9; and
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iv)
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the following adjustments for a total amount of CAD 17 807 000 to decrease 2014 appropriations and to increase 2015 appropriations:
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a)
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the Outstanding Commitments in the amount of CAD 10 255 000 in accordance with Financial Regulation 5.7; and
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b)
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the carry-over of 2014 appropriations to 2015 in the amount of CAD 7 552 000 as per Financial Regulation 5.6.
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The actual expenditure for 2014 amounted to CAD 89 893 000. Since 2010, Member States are invoiced partly in USD and partly in CAD. The USD/CAD exchange rate on 1 January 2014 (the date when invoices were raised in USD) was higher than the rate used in developing the 2014 budget causing an addition to total assessed contributions of CAD 2 490 000. In addition, there was a revaluation of balance sheet items due to a net currency exchange gain of CAD 1 198 000. The net gain (CAD 3 688 000) has been allocated to actual expenditures (CAD 89 893 000) in order to restate them to the budget rate of exchange, which amounts to CAD 86 205 000.
