Annual report

FUNDING .......................................................................................................................................................... 10
2.1
Income ............................................................................................................................................................ 10
2.2
Receivables ..................................................................................................................................................... 16
2.3
Deferred income and contract liabilities ......................................................................................................... 18
2.4
Restricted reserves .......................................................................................................................................... 19
2.5
Designated reserves ........................................................................................................................................ 19
2.6
Contingent assets ............................................................................................................................................ 20
3. 
OPERATIONS .................................................................................................................................................. 21
3.1
Operating expenditure ..................................................................................................................................... 21
3.2
Significant operations in the current accounting period .................................................................................. 26
3.3
Prepayments and contract assets ..................................................................................................................... 31
3.4
Tangible and intangible assets ........................................................................................................................ 31
3.5
Accounts payable and accrued expenses......................................................................................................... 34
3.6
Provisions ....................................................................................................................................................... 35
3.7
Leases – IFRC as a lessee ............................................................................................................................... 35
3.8
Capital commitments ...................................................................................................................................... 37
3.9
Contingent liabilities ....................................................................................................................................... 37
3.10
Related parties................................................................................................................................................. 38