(b) Relief supplies, transportation and storage Restricted Unrestricted Total CHF 000s CHF 000s CHF 000s 2022 Relief supplies
168,628
-
168,628
Transportation & storage
13,570
942
14,512
182,198
942
183,140
2021 Relief supplies
97,876
-
97,876
Transportation & storage
11,099
758
11,857
108,975
758
109,733
Relief supplies pertains to goods which were either purchased or received in-kind and committeed for specific projects, and
are expensed at the time of receipt.
Inventories of prepositioned relief items, which have not been committed to a project, are stated at the lower of cost or net
realisable value and included in other current assets in the Consolidated Statement of Financial Position. Cost is determined
using the weighted average cost method, and comprises cost of purchase and other costs directly attributable to acquisition.
In-kind donations of prepositioned relief items are included in inventories and their fair value is included in the calculation
of weighted average cost. Net realisable value is the estimated selling price, in an arms length transaction, less attributable
selling expenses. Inventories are included in expenditure once they have been committed to a project.
The fair value of in-kind goods is taken as the value indicated by the donor. This value is tested for reasonableness by
comparing it to the cost that the IFRC would incur if it were to buy in the open market similar goods, assets or property
services, for the same intended use. If the market value is found to be significantly different to the value indicated by the
donor, the value is revised to the market value.
