C 2003/5 |
Thirty-second Session |
Rome, 29 November - 10 December 2003 |
AUDITED ACCOUNTS |
I. OPINION OF THE EXTERNAL AUDITOR
II. CERTIFICATION OF FINANCIAL STATEMENTS
III. STATEMENT OF INCOME AND EXPENDITURE AND CHANGES IN RESERVES AND FUND BALANCES
IV. STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCES
VI. STATUS OF REGULAR PROGRAMME APPROPRIATIONS
VII. NOTES TO THE FINANCIAL STATEMENTS
VIII. SCHEDULE OF ASSESSED CONTRIBUTIONS OUTSTANDING FOR THE REGULAR PROGRAMME
IX. STATUS OF TECHNICAL COOPERATION PROGRAMME PROJECTS FUNDED AGAINST 2000-01 APPROPRIATION
My staff audited the accompanying financial statements numbered I to IV, the supporting schedule and status reports and the notes numbered 1 to 27 to the financial statements of the Food and Agriculture Organization of the United Nations for the financial period ended 31 December 2001. These financial statements are the responsibility of the Director-General of the Food and Agriculture Organization. My responsibility is to express an opinion on these financial statements based on the audit.
The audit was conducted in accordance with the Common Auditing Standards of the Panel of External Auditors of the United Nations, the Specialized Agencies and the International Atomic Energy Agency. These standards require that the audit be planned and carried out to obtain reasonable assurance that the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and evaluating the overall financial statement presentation.
As a result of this audit, I am of the opinion that the financial statements present fairly the financial position at 31 December 2001 and the results of the operations for the period then ended; that they were prepared in accordance with the Organization’s stated accounting policies which were applied on a basis consistent with that of the preceding period, except for the changes, with which I concur, detailed in paragraphs 21 to 23 of my attached long form report; and that the transactions were in accordance with the Financial Regulations and legislative authority.
June 2002
The amounts shown in the statements properly reflect the recorded financial transactions for the period: |
|
Khalid Mehboob Assistant Director-General Finance and Administration Department |
Jacques Diouf |
July 2002 |
Notes | Funds | Total | |||
General and Related | Trust and UNDP | 2000-01 | 1998-99 | ||
INCOME | |||||
Assessment on Member Nations | 3 | 642,555 | - | 642,555 | 637,323 |
Voluntary contributions | 4 | 26,500 | 600,068 | 626,568 | 473,162 |
Funds received under inter-organisational arrangement | 5 | 2,595 | 34,220 | 36,815 | 61,770 |
Jointly financed activities | 6 | 22,891 | - | 22,891 | 24,382 |
Services rendered | 8,613 | - | 8,613 | 10,325 | |
Miscellaneous | 7 | 15,527 | 13,029 | 28,556 | 81,679 |
Sundry | 8 | (38,964) | - | (38,964) | (12,085) |
679,717 | 647,317 | 1,327,034 | 1,276,556 | ||
EXPENDITURE | |||||
Regular Programme | 669,794 | - | 669,794 | 696,337 | |
Projects | - | 634,288 | 634,288 | 501,891 | |
9 | 669,794 | 634,288 | 1,304,082 | 1,198,228 | |
EXCESS (SHORTFALL) OF INCOME OVER EXPENDITURE | 9,923 | 13,029 | 22,952 | 78,328 | |
Redeployment and separation costs | 10 | (8,360) | - | (8,360) | (10,576) |
Amortisation of after service liabilities | (14,054) | - | (14,054) | (21,143) | |
Staff related schemes | 18 | (5,320) | - | (5,320) | (42,841) |
Provision for contributions | 11 | (12,286) | - | (12,286) | (15,279) |
Deferred Income | 21 | (13,127) | - | (13,127) | (14,412) |
NET EXCESS (SHORTFALL) OF INCOME OVER EXPENDITURE | (43,224) | 13,029 | (30,195) | (25,923) | |
Transfer of Interest to Donor Accounts | - | (13,029) | (13,029) | (16,424) | |
Transfers from/(to) Reserves | |||||
Working Capital Fund | 19 | 8,360 | - | 8,360 | (23,700) |
Special Reserve Account | 20 | 23,046 | - | 23,046 | (25,154) |
Fund balances, beginning of period | (63,601) | - | (63,601) | 27,600 | |
FUND BALANCES, END OF PERIOD | 22 | (75,419) | - | (75,419) | (63,601) |
The accompanying notes are an integral part of the financial statements
As at 31 December 2001
(US$ ’000)
Notes | Funds | Total | |||
General and Related | Trust and UNDP | 2000-01 | 1998-99 | ||
ASSETS | |||||
Cash and term deposits | 60,393 | 277,484 | 337,877 | 290,661 | |
Investments | 12 | 169,536 | - | 169,536 | 163,464 |
Contributions receivable | 13 | 181,014 | 82,653 | 263,667 | 204,307 |
Less: Provision for delays of contributions | 11 | (181,014) | - | (181,014) | (169,163) |
Accounts receivable | 14 | 49,723 | - | 49,723 | 55,389 |
279,652 | 360,137 | 639,789 | 544,658 | ||
LIABILITIES | |||||
Contributions received in advance | 15 | 131 | 250,194 | 250,325 | 170,857 |
Unliquidated Obligations | 16 | 47,498 | 109,943 | 157,441 | 110,182 |
Accounts payable | 17 | 48,150 | - | 48,150 | 54,352 |
Staff related schemes | 18 | 165,632 | - | 165,632 | 161,366 |
Deferred Income | 21 | 77,721 | - | 77,721 | 64,594 |
339,132 | 360,137 | 699,269 | 561,351 | ||
RESERVES AND FUND BALANCES | |||||
Working Capital Fund | 19 | 15,482 | - | 15,482 | 23,756 |
Special Reserve Account | 20 | 457 | - | 457 | 23,152 |
Fund Balances, end of period | 22 | (75,419) | - | (75,419) | (63,601) |
(59,480) | - | (59,480) | (16,693) | ||
279,652 | 360,137 | 639,789 | 544,658 | ||
The accompanying notes are an integral part of the financial statements
For the biennium ending 31 December 2001
(US$ ’000)
CASH FLOWS FROM OPERATING ACTIVITIES | 2000-01 | 1998-99 |
Net excess (shortfall) of income over expenditure (Statement I) | (43,224) | (42,347) |
Adjustment for interest receivable | (22,374) | (25,829) |
(65,598) | (68,176) | |
Increase in contributions receivable | (59,360) | (50,307) |
Increase in provision for contributions | 11,851 | 15,163 |
Decrease in accounts receivable | 4,045 | (19,839) |
Increase in contributions received in advance | 79,468 | 10,687 |
Increase in unliquidated obligations | 47,259 | 50,795 |
Increase in deferred income | 13,127 | 14,412 |
Decrease in accounts payable | (6,202) | 28,396 |
Increase in staff related schemes | 4,266 | 35,930 |
28,856 | 17,061 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Increase in investments | (6,072) | (11,296) |
(6,072) | (11,296) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Increase in Working Capital Fund | 86 | 7 |
Increase in Special Reserve Account | 351 | (1,823) |
Interest received | 23,995 | 29,816 |
24,432 | 28,000 | |
NET INCREASE IN CASH AND CASH EQUIVALENTS | 47,216 | 33,765 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 290,661 | 256,896 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 337,877 | 290,661 |
The accompanying notes are an integral part of the financial statements.
For the biennium ended 31 December 2001
(US$ ’000)
Net Budget Appropriations | Other Credits | |||||||||
Chapter | Original Budget | Transfers | Modified Budget | Expenditure | Deferred Income (note 21) | Unutilised Balance | Modified Budget | Income | Unutilised Balance | |
1 | General Policy and Direction | 50,891 | - | 50,891 | 49,013 | - | 1,878 | 2,751 | 2,339 | 412 |
2 | Technical and Economic Programme | 289,177 | - | 289,177 | 282,945 | - | 6,232 | 4,427 | 4,273 | 154 |
3 | Development Support Programme | 120,636 | - | 120,636 | 119,536 | - | 1,100 | 55,907 | 50,583 | 5,324 |
4 | Technical Cooperation Programme | 91,455 | - | 91,455 | 13,734 | 77,721 | - | - | - | - |
5 | Support Services | 57,319 | - | 57,319 | 57,026 | - | 293 | 7,180 | 6,431 | 749 |
6 | Common Services | 39,922 | - | 39,922 | 37,808 | - | 2,114 | 4,868 | 3,636 | 1,232 |
7 | Contingencies | 600 | - | 600 | 457 | - | 143 | - | - | - |
TOTAL EFFECTIVE BUDGET | 650,000 | - | 650,000 | 560,519 | 77,721 | 11,760 | 75,133 | 67,262 | 7,871 | |
8 | Transfer to Tax Equalisation Fund | 92,580 | (92,580) | - | - | - | - | - | - | - |
Staff Currency Variance | - | - | (23,994) | - | 23,994 | - | - | - | ||
742,580 | (92,580) | 650,000 | 536,525 | 77,721 | 35,754 | 75,133 | 67,262 | 7,871 | ||
The accompanying notes are an integral part of the financial statements.