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UNRWA FINANCIAL REPORT. End- February 2011. Feb 2011 General Fund Financial Summary. Month Variances Donor income – favourable by $28.0m – all timing variance. PSC favourable by $0.7m – timing variance. - PowerPoint PPT Presentation

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  • *UNRWA FINANCIAL REPORT

    End-February 2011

  • *Month VariancesDonor income favourable by $28.0m all timing variance. PSC favourable by $0.7m timing variance. Area labour costs favourable by $0.7m timing due to lagged employment of vacant posts.Inventory consumption, unfavourable by -$2.4m - quarterly food distributionMiscellaneous Services, favourable by $1.2m due to timing varianceForeign Exchange gains favourable by $0.6m due to appreciation of EUR and other non USD currencies.Derivative gain of $0.8m due to non USD FX hedges realized in the month.

    Year To Date VariancesDonor income unfavourable by -$78.1m, timing variance: EUR $40m, Sweden $40m and Netherlands $20m, partially offset by $24.5m other donor funds received earlier than budget.Area labour costs favourable by $1.3m: CAF unfavourable by $1.2m due to lower actual rate of NIS to budget more than offset by lower labour costs due to delayed appointment of staff.Non labour costs favourable by $23m, due to incorrect profiling of Reserves spend all timing varianceForeign Exchange gains favourable by $1.2m due to appreciation of EUR and other non USD currenciesDerivative gain of $0.3m due to non USD FX hedges realized in the month End of Year ForecastFrom an initial budget deficit of $-$63.0m, updated end of year forecast is -$53.3m, an improvement of $9.7m due to: a) increased donor income +$6m (principally NGOs comprising: Islamic Development Bank, Khalifa Bin Zayed, Saudi Committee and others), , b) improved FX rates vis budgeted rates on income +$2.5m and c) favourable FX rates and gains on derivatives +$1.2m.Movement in end of Year ForecastEnd of January updated end of year forecast was -$57.0m, updated end of February forecast is -$53.3m, improvement of +$3.7m, due to: a) favourable movement of February FX rates on actual/forecast income +$2.5m and b) favourable FX impact on revaluation of assets/liabilities and gains on financial derivatives +$1.2m.Feb 2011 General Fund Financial Summary

  • *2011 Income Statement, General Fund - Resources US$ m

    Sheet1

    Planned Income & Expenditure1 Jan BudgetEOY EstimateVar

    Programme Requirements621.2621.2

    Shortfall(116.2)(110.1)6.1

    Revised Income505.0511.16.1

    Income

    Donor Income453.2461.88.6

    International Staff Costs30.830.8(0.0)

    PSC18.018.00.0

    Other Income3.03.00.0

    Total Income (A)505.0513.68.6

    Expenditure

    International Staff Costs (B)31.431.40.0

    Envelope

    Area Staff Costs414.5424.2(9.6)

    Supplies30.3137.4(7.1)

    Premises11.111.10.0

    Equipment & Construction5.25.6(0.4)

    Services34.334.5(0.2)

    Subsidies12.812.8(0.0)

    Reserves31.314.017.4

    Cost Recovery(3.0)(2.9)

    Total Envelope C536.6536.60.0

    Total Expenditure D=B+C568.0568.00.1

    Exchange Gains (Losses) Unrealized (E) **1.21.2

    Financial Der Gains (Losses) + PYA + Dept(0.1)(0.1)

    Net Surplus (Deficit) (A-D+E)(63.0)(53.3)9.8

    Sheet2

    Sheet3

  • *2011 Income Statement, General Fund Resources (Page1 of 2) Amount in $ Thousands

    sheet 1

    FINANCIAL PERFORMANCE REPORT - BY RESOURCES - AGENCY WIDE

    UNRWA TOTAL - GENERAL FUND - UNEARMARKED FUND - FEBRUARY 2011

    Month of February 2011Year To DateYear - 2011

    DescriptionActualsBudgetVarianceHCActualsBudgetVarianceAnnual BudgetManaged ToE(EOY) F/CVariance

    Income

    Donors Contributions73,65945,67527,9840138,337216,437-78,101453,200453,200461,8088,608

    United Nations RB2,0002,565-56503,9485,130-1,18230,78230,78230,7820

    Programme Support Cost Recovery2,2381,50073804,2923,0001,29218,00018,00018,0000

    Interest and Other Income25525050490500-103,0003,0003,0000

    Total Income -(A)78,15249,99128,1620147,067225,068-78,001504,982504,982513,5908,608

    Expenditure

    International Staff -(B)2,0302,619589374,1725,2371,06531,42231,42231,4220

    Area Staff - manning table costs00000000000

    Basic Salaries24,46624,990524448,73649,9801,245299,881308,039308,039-8,158

    Hazard Pay and Special Payment01000211010100

    Provident Fund Agency Contributions3,5733,6305707,1427,26111943,56544,75244,752-1,187

    SPOA,SOA and Others814816301,6241,63399,79610,01910,019-223

    Overtime and Excess hours supplement6360-3085118336856856850

    CAF2,0231,625-39804,4263,250-1,17619,50119,50219,502-0

    Special Allowances1,2671,42115402,5442,86832417,71317,73317,733-21

    Health Related Expenses56487731351,0821,76468210,56910,57010,570-1

    Miscellenous Allowance5811-470143016173219219-46

    Retirement Benefits - Severance-18115934002883921052,2182,2182,2180

    Retirement Benefits - EVR463300-16305006651654,3304,2904,29040

    Total Area Staff -manning table costs -(C)33,10833,890782966,44167,9631,521408,441418,037418,037-9,596

    LDC and Temporary Staff -(D)637532-1061581,2851,050-2356,0816,1256,125-45

    Grand Total Area staff Costs -(E)=(C+D)33,74534,42267716767,72669,0131,286414,522424,162424,162-9,640

    sheet 2

    FINANCIAL PERFORMANCE REPORT - BY RESOURCES - AGENCY WIDE

    UNRWA TOTAL - GENERAL FUND - UNEARMARKED FUND - FEBRUARY 2011

    Month of February 2011Year To DateYear - 2011

    DescriptionActualsBudgetVarianceHCActualsBudgetVarianceAnnual BudgetManaged ToE(EOY) F/CVariance

    Non Staff Costs

    Inventory Supplies4,0131,629-2,38417,6753,9043,122-78219,24826,36326,363-7,115

    Non inventory Supplies4137433303,8161,1161,53642111,07211,07211,0720

    Utilities3803823265567351794,3914,3914,3910

    Maintenance of Premises1744112372,2285561,4248696,6956,6956,6950

    Equipment and Construction493441-514,9144849334495,2485,6205,620-372

    Training14195181864633312671,9741,9741,9740

    Travel149187382231113692572,4042,4352,435-31

    Admin Support Services410468599021,0251,6536285,2335,2335,2330

    Consultancy Services1132441311,3611196315123,3323,3403,340-7

    Hospital Services1,2151,097-1181,2472,0341,994-4013,10313,10313,1030

    Miscellaneous Services-5536761,2303,0741,1511,9638128,2598,3788,378-118

    Cash Subsidies to hardship cases765716-49821,7301,452-2798,8148,8418,841-27

    Cash Subsidies to patients333316-161095066091033,6723,6723,6720

    Other Subsidies1139-1031311919-1003153153150

    Reserves05575570019,86419,86431,33313,96313,96317,370

    Cost Recovery-241-249-80-615-505109-3,000-2,940-2,940-59

    Total Non Staff -(F)7,7897,8243536,53512,86036,12923,269122,093112,453112,4539,640

    Total Operational Expenditure -(G)=(B+E+F)43,56444,8641,30036,73984,759110,37925,620568,037568,037568,0370

    Operational Surplus/Deficit -(I)=(A-G)34,5895,126-29,462-36,73962,308114,68952,381-63,055-63,055-54,447-8,608

    Exchange (Gains)/Losses (J)-64406440-1,22901,22900-1,229-1,229

    Financial Derivatives (Gain)/Losses (K)-79207920-276027600-276-276

    Prior year adjustments (L)560-560790-79007979

    Depreciation & Cap WIP (M)850-8502520-25200-252-252

    Total Expenditure(N)=G+J+K+L+M42,26844,8642,59636,73983,584110,37926,795568,037568,037566,611-1,678

    Net Surplus/(Deficit) C/F to Working Capital=A-N35,8845,126-30,739-36,73963,483114,68951,206-63,055-63,055-52,76910,286

  • *2011 Income Statement, General Fund - Resources(Page2 of 2) Amount in $ Thousands

    sheet 2

    FINANCIAL PERFORMANCE REPORT - BY RESOURCES - AGENCY WIDE

    UNRWA TOTAL - GENERAL FUND - UNEARMARKED FUND - FEBRUARY 2011

    Month of February 2011Year To DateYear - 2011

    DescriptionActualsBudgetVarianceHCActualsBudgetVarianceAnnual BudgetManaged ToE(EOY) F/CVariance

    Non Staff Costs

    Inventory Supplies4,0131,629-2,38417,6753,9043,122-78219,24826,36326,363-7,115

    Non inventory Supplies4137433303,8161,1161,53642111,07211,07211,0720

    Utilities3803823265567351794,3914,3914,3910

    Maintenance of Premises1744112372,2285561,4248696,6956,6956,6950

    Equipment and Construction493441-514,9144849334495,2485,6205,620-372

    Training14195181864633312671,9741,9741,9740

    Travel149187382231113692572,4042,4352,435-31

    Admin Support Services410468599021,0251,6536285,2335,2335,2330

    Consultancy Services1132441311,3611196315123,3323,3403,340-7

    Hospital Services1,2151,097-1181,2472,0341,994-4013,10313,10313,1030

    Miscellaneous Services-5536761,2303,0741,1511,9638128,2598,3788,378-118

    Cash Subsidies to hardship cases765716-49821,7301,452-2798,8148,8418,841-27

    Cash Subsidies to patients333316-161095066091033,6723,6723,6720

    Other Subsidies1139-1031311919-1003153153150

    Reserves05575570019,86419,86431,33313,96313,96317,370

    Cost Recovery-241-249-80-615-505109-3,000-2,940-2,940-59

    Total Non Staff -(F)7,7897,8243536,53512,86036,12923,269122,093112,453112,4539,640

    Total Operational Expenditure -(G)=(B+E+F)43,56444,8641,30036,73984,759110,37925,620568,037568,037568,0370

    Operational Surplus/Deficit -(I)=(A-G)34,5895,126-29,462-36,73962,308114,68952,381-63,055-63,055-54,447-8,608

    Exchange (Gains)/Losses (J)-64406440-1,22901,22900-1,229-1,229

    Financial Derivatives (Gain)/Losses (K)-79207920-276027600-276-276

    Prior year adjustments (L)560-560790-79007979

    Depreciation & Cap WIP (M)850-8502520-25200252252

    Total Expenditure(N)=G+J+K+L+M42,26844,8642,59636,73983,584110,37926,795568,037568,037566,611-1,678

    Net Surplus/(Deficit) C/F to Working Capital=A-N35,8845,126-30,739-36,73963,483114,68951,206-63,055-63,055-53,2729,782

  • *GF Donor Income 2011 YTD and E EOY US$ m

    Sheet1

    DonorBudgetFeb-112011 YTDDonors under / over fundingFx ImpactTotal 2011 Updates2011 E EOY Income

    ActBudVarActBudVar

    ABA+B

    Australia5.50.00.00.60.66.1

    Bahrain0.10.10.10.10.00.1(0.1)(0.1)0.1

    Belgium1.40.00.0(0.0)(0.0)1.4

    Canada0.00.00.00.00.0

    Denmark12.912.812.812.80.012.8(0.1)(0.1)12.8

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