WWF INTERNATIONAL: BALANCE SHEET, TWO-YEAR SUMMARY
|
Financial Year (FY)*
ASSETS
Current assets
Cash
Short-Term Bank Deposits
Marketable Securities
Recoverable Taxes and Other Items
Long-term receivables (1)
Fixed assets (2)
|
1996
(CHF'000)
6 141
9 146
44 495
1 151
2 416
284
|
1997
(CHF'000)
8 001
12 737
43 754
4 467
193
3 688
|
1997
(US$'000)
5 546
8 830
30 332
3 097
134
2 557
|
|
TOTAL
| 63 633 |
72 840 |
50 496 |
|
LIABILITIES AND FUNDS
Accounts Payable and Accruals
Operating Funds (3)
Capital and Endowment (4) |
(CHF'000)
5 066
16 918
41 649
|
(CHF'000)
6 396
24 154
42 290
|
(US$'000)
4 434
16 745
29 317
|
|
TOTAL
| 63 633 |
72 840 |
50 496 |
|
* Financial years cover the period 1 July to 30 June.
Exchange rate CHF1.4425 = US$1, as at 30 June 1997.
Audited financial statements are available on request.
NOTES TO THE ACCOUNTS
1: Long-Term Receivables
These represent loans to WWF-France and
WWF-Spain.
2: Fixed Assets
All fixed asset costs regarding the renovation of the secretariat building have been capitalized and will
be amortized following the completion of the renovation. All other fixed asset costs are charged to expenditure at the time of purchase.
3: Operating Funds
Operating funds are those funds available for expenditure on conservation, awareness, education and public policy, National Organization support, direct fundraising, administration and finance, and fixed assets expenditure.
4: Capital and Endowment
Includes The 1001: A Nature Trust, a trust fund built up through individual contributions; the Sigvaldason Fund, a legacy from the late Mrs Gerda Sigvaldason; the Endowment Fund built up primarily from the proceeds of the WWF 25th Anniversary Coin Collection programme; the Prince Bernhard Scholarship Fund, the income from which pays for training and tertiary education of conservationists; the Board invested reserve; and statutory capital of CHF20 000, representing the initial capital of WWF.
During FY 1996, WWF began renovations on its secretariat building in Gland, Switzerland. The work to make the building ecologically efficient was completed in August 1997. The cost of the renovations was funded by WWF's existing endowment funds and has not reduced funds available for conservation work.