Financial statements*

As at 31 December 2011 and 2010 (in thousands of US dollars)

Assets	2011	2010
Current assets
Cash and cash equivalents	21,128	17,003
Short-term time deposits	600	4,354
Account receivables:
- Donors	2,803	6,398
- Employees	470	346
- Other CGIAR centres	94	58
- Others	914	918
Prepaid expenses	420	443
Total current assets	26,456	29,550
Non-current assets
Property, plant and equipment, net	2,483	2,082
Other assets	1,797	1,688
Total non-current assets	4,280	3,770

Total assets	30,736	33,320


Liabilities and net assets
Current liabilities
Account payables:
- Donors	5,402	11,785
- Employees	381	202
- Other CGIAR centres	708	0
- Others	134	261
Accrued expenses	2,252	1,546
Total current liabilities	8,877	13,794

Non-current liabilities
Employee benefits obligations	4,783	4,414
Accrued expenses – non-current portion	350	350
Total non-current liabilities	5,133	4,764

Net assets
Unrestricted:
- Undesignated	13,123	11,159
- Designated	3,603	3,603
Total net assets	16,726	14,762

Total liabilities and net assets	30,736	33,320

For the years ended 31 December 2011 and 2010 (in thousands of US dollars)

	2011				2010
	Unrestricted	Restricted Window 1/ window 2	Restricted (bilateral)	Total	Total
Revenues
- Grant revenues	6,418	11,220	18,756	36,394	26,986
- Other revenues	103	0	0	103	165
Total revenues	6,521	11,220	18,756	36,497	27,151

Expenses
- Programme-related expenses	3,517	9,321	18,756	31,594	20,921
- Management and general expenses	1,776	2,793	0	4,569	5,496
	5,293	12,114	18,756	36,163	26,417
Indirect expense recovery	(736)	(894)	0	(1,629)	(1,492)
Total expenses	4,557	11,220	18,756	34,533	24,925

Net surplus	1,964	0	0	1,964	2,226


Supplementary schedule of expenses – classified by nature of expenses
Personnel costs	3,500	2,768	5,864	12,132	10,410
CRP collaborator/ partnership cossts - CGIAR centres	0	6,525	0	6,525	0
Collaborator/partnership costs - others	187	187	5,436	5,810	5,364
Supplies and services	919	1,799	6,192	8,910	8,248
Operational travel	446	525	1,091	2,062	1,855
Depreciation	241	310	173	724	540
Indirect expense recovery	(763)	(894)	0	(1,630)	(1,492)

Total expenses	4,557	11,220	18,756	34,533	24,925


*These statements were taken from the audited financial statements as of and for the years ended 31 December 2011 and 2010. PricewaterhouseCoopers-Indonesia conducted the audit and issued an unqualified opinion.