Annual report

Expenditure by resources, results, and structure, against (unaudited) budget ......................................................... 54
Financials 
287

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INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA
 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 
Page 2 
Public 
Restricted Unrestricted
Total
Total
2022
2022
2022
2021
Note
CHF 000s
CHF 000s
CHF 000s
CHF 000s
OPERATING INCOME
Statutory contributions
2.1a
-
34,623
34,623
34,582
Voluntary contributions and donations
2.1b
758,250
25,173
783,423
383,525
Services income
2.1c
54,207
73
54,280
62,891
Other income
1,584
472
2,056
2,336
Total OPERATING INCOME
814,041
60,341
874,382
483,334
OPERATING EXPENDITURE
3.1
Humanitarian response 
370,623
-
370,623
259,770
Thematic
215,055
-
215,055
153,311
Other resources (Programmes)
585,678
-
585,678
413,081
Supplementary services
26,758
-
26,758
20,102
Regular resources
-
63,228
63,228
52,436
Total OPERATING EXPENDITURE
612,436
63,228
675,664
485,619
NET SURPLUS / (DEFICIT) FROM OPERATING ACTIVITIES
201,605
( 2,887)
198,718
( 2,285)
NET FINANCE (EXPENSE) / INCOME
4.1
( 203)
( 19,672)
( 19,875)
5,410
NET SURPLUS / (DEFICIT) FOR THE YEAR
201,402
( 22,559)
178,843
3,125
OTHER COMPREHENSIVE INCOME
Actuarial remeasurement gains on defined benefit plans 
- will not be reclassified subsequently to income or expenditure 4.5
14,178
23,613
37,791
40,816
Cash flow hedges - will or may be reclassified subsequently to 
income or expenditure
2.1d
-
( 112)
( 112)
68
Total OTHER COMPREHENSIVE INCOME
FOR THE YEAR
14,178
23,501
37,679
40,884
TOTAL COMPREHENSIVE INCOME FOR THE YEAR
215,580
942
216,522
44,008
Attributable to:
Restricted reserves
2.4
215,580
-
215,580
362
Unrestricted reserves
-
942
942
43,646
215,580
942
216,522
44,008
There were no discontinued operations during the year.
The notes on pages 6 to 55 are an integral part of these consolidated financial statements.
INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA
 
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 
Page 3 
Public 
2022
2021
Note
CHF 000s
CHF 000s
ASSETS
Current Assets
Cash and cash equivalents
160,220
90,260
Cash and cash equivalents - ESSN Project
92,481
124,056
Total cash and cash equivalents
4.2
252,701
214,316
Investments
4.3
188,137
188,179
Receivables
2.2
256,160
171,705
Prepayments and contract assets
19,055
5,126
Prepayments - ESSN Project
20,069
16,112
Total Prepayments and contract assets
3.3
39,124
21,238
Other current assets
2,109
2,973
Total Current Assets
738,231
598,411
Non-Current Assets
Investments
4.3
160,000
90,000
Receivables
2.2
70,558
53,081
Tangible assets
3.4a
110,295
115,818
Intangible assets
3.4b
15,964
14,338
Post-employment defined benefit asset
4.5
20,125
-
Total Non-Current Assets
376,942
273,237
Total ASSETS
1,115,173
871,648
LIABILITIES AND RESERVES
Current Liabilities
Accounts payable and accrued expenses
3.5
53,850
33,016
Short-term employee benefits
8,462
9,926
Provisions
3.6
58,870
41,199
Liabilities - ESSN Project
112,585
140,167
Deferred income and contract liabilities
2.3
203,752
178,149
Loans and borrowings
4.4
4,002
3,673
Total Current Liabilities
441,521
406,130
Non-Current Liabilities
Deferred income
2.3
44,283
39,836
Loans and borrowings
4.4
60,002
62,235
Post-employment defined benefit liabilities
4.5
10,673
21,275
Total Non-Current Liabilities
114,958
123,346
Total LIABILITIES
556,479
529,476
Reserves
Restricted reserves
2.4
441,217
223,697
Unrestricted reserves
97,224
99,969
Designated reserves
2.5
20,253
18,507
Total RESERVES
558,694
342,172
Total LIABILITIES and RESERVES
1,115,173
871,648
The notes on pages 6 to 55 are an integral part of these consolidated financial statements. 
288
Annual Report 
2022

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INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA
 
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 
Page 3 
Public 
2022
2021
Note
CHF 000s
CHF 000s
ASSETS
Current Assets
Cash and cash equivalents
160,220
90,260
Cash and cash equivalents - ESSN Project
92,481
124,056
Total cash and cash equivalents
4.2
252,701
214,316
Investments
4.3
188,137
188,179
Receivables
2.2
256,160
171,705
Prepayments and contract assets
19,055
5,126
Prepayments - ESSN Project
20,069
16,112
Total Prepayments and contract assets
3.3
39,124
21,238
Other current assets
2,109
2,973
Total Current Assets
738,231
598,411
Non-Current Assets
Investments
4.3
160,000
90,000
Receivables
2.2
70,558
53,081
Tangible assets
3.4a
110,295
115,818
Intangible assets
3.4b
15,964
14,338
Post-employment defined benefit asset
4.5
20,125
-
Total Non-Current Assets
376,942
273,237
Total ASSETS
1,115,173
871,648
LIABILITIES AND RESERVES
Current Liabilities
Accounts payable and accrued expenses
3.5
53,850
33,016
Short-term employee benefits
8,462
9,926
Provisions
3.6
58,870
41,199
Liabilities - ESSN Project
112,585
140,167
Deferred income and contract liabilities
2.3
203,752
178,149
Loans and borrowings
4.4
4,002
3,673
Total Current Liabilities
441,521
406,130
Non-Current Liabilities
Deferred income
2.3
44,283
39,836
Loans and borrowings
4.4
60,002
62,235
Post-employment defined benefit liabilities
4.5
10,673
21,275
Total Non-Current Liabilities
114,958
123,346
Total LIABILITIES
556,479
529,476
Reserves
Restricted reserves
2.4
441,217
223,697
Unrestricted reserves
97,224
99,969
Designated reserves
2.5
20,253
18,507
Total RESERVES
558,694
342,172
Total LIABILITIES and RESERVES
1,115,173
871,648
The notes on pages 6 to 55 are an integral part of these consolidated financial statements. 
Financials 
289

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INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA
 
CONSOLIDATED STATEMENT OF CHANGES IN RESERVES 
FOR THE YEAR ENDED 31 DECEMBER
Page 4 
Public 
Restricted Unrestricted 
Designated 
Total
Notes
CHF 000s
CHF 000s
CHF 000s
CHF 000s
2022
Balance at 1 January
223,697
99,968
18,507
342,172
Transfers to/from reserves
Net surplus for the year
201,402
( 22,559)
-
178,843
Other comprehensive income
Other comprehensive income for the year
14,178
23,501
-
37,679
Total comprehensive income for the year
215,580
942
-
216,522
Used during the year
2,500
1,414
( 3,914)
-
Allocations during the year
( 560)
( 5,100)
5,660
-
Balance at 31 December
2.4/2.5
441,217
97,224
20,253
558,694
2021
Balance at 1 January
209,391
71,137
17,636
298,164
Transfers to/from reserves
Net surplus for the year
( 14,584)
17,709
-
3,125
Other comprehensive income
Other comprehensive income for the year
14,946
25,938
-
40,884
Total comprehensive income for the year
362
43,646
-
44,008
Used during the year
14,450
85
( 14,535)
-
Allocations during the year
( 506)
( 14,900)
15,406
-
Balance at 31 December
2.4/2.5
223,697
99,968
18,507
342,172
Restricted reserves represent the cumulative excess of income over expenditure for other resources activities. 
Unrestricted reserves represent the cumulative excess of income over expenditure for regular resources activities. 
Designated reserves are funds set aside for specific purposes including self-insurance, statutory meetings, specific 
projects and major building works. 
The notes on pages 6 to 55 are an integral part of these consolidated financial statements.
INTERNATIONAL FEDERATION OF RED CROSS AND RED CRESCENT SOCIETIES, GENEVA
 
CONSOLIDATED STATEMENT OF CASH FLOWS 
FOR THE YEAR ENDED 31 DECEMBER
Page 5 
Public 
2022
2021
Notes
CHF 000s
CHF 000s
CASH FLOWS FROM OPERATING ACTIVITIES
Net surplus for the year
178,843
3,125
Adjustment for non-cash items:
Depreciation, amortisation and impairment
3.4
12,008
10,401
In-kind assets
3.4
-
( 3,262)
Increase in provisions
3.6
17,671
1,598
Other non-cash items
7,448
6,970
Finance costs
4.1
14,525
( 10,681)
51,651
5,026
Changes in working capital
Receipt in advance ESSN
3.2b
( 27,582)
12,867
Receivables, net
2.2
( 101,932)
( 12,730)
Prepayments and contract assets
3.3
( 17,886)
12,607
Accounts payables and accrued expenses
3.5
20,722
1,085
Deferred income and contract liabilities
2.3
30,050
( 17,638)
Other
( 2,712)
3,809
Net change in working capital
( 99,340)
( 1)
NET CASH GENERATED FROM OPERATING ACTIVITIES
131,155
8,151
CASH FLOWS GENERATED FROM / (USED IN) INVESTING ACTIVITIES
Interest and dividends received
4.1
2,548
2,452
Proceeds from sale of tangible assets
3.4a
5,493
1,085
Proceeds from sale of intangible assets
3.4b
-
-
Proceeds from sale of investments
4.3
3,011
20,897
Acquisition of tangible assets
3.4a
( 5,304)
( 3,948)
Acquisition of intangible assets
3.4b
( 3,840)
( 8,073)
Acquisition of investments
4.3
( 95,528)
( 10,000)
NET CASH (USED IN) / GENERATED FROM INVESTING ACTIVITIES
( 93,620)
2,413
CASH FLOWS (USED IN) FINANCING ACTIVITIES
Loan repayments
4.4
( 1,416)
( 1,415)
Lease payments
3.7
( 3,172)
( 3,084)