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Appendix to item 17.1
AUDITOR’S REPORT
We have audited the annual accounts presented by the Board of
Directors and the Management for the year 2000 of International Federation of
Surveyors.
Basis of opinion
We have planned and conducted our audit in accordance with
generally accepted auditing standards as applied in Denmark to obtain reasonable
assurance that the annual accounts are free from material misstatements. Based
on an evaluation of materiality and risk, we have tested the basis and
documentation for the amounts and disclosures in the annual accounts. Our audit
includes an assessment of the accounting policies applied and the accounting
estimates made by the Board of Directors and the Management. In addition, we
have evaluated the overall adequacy of the presentation in the annual accounts.
Our audit has not resulted in any qualification.
Opinion
In our opinion, the annual accounts have been presented in
accordance with the accounting provisions of Danish legislation and give a true
and fair view of the federation’s assets and liabilities, financial position
and profit/loss for the year.
Copenhagen, 1 March 2001
deloitte &
touche
Statsautoriseret Revisionsaktieselskab
Allan Christiansen
State Authorised Public Accountant/
ACCOUNTING POLICIES APPLIED
Introduction
The annual accounts have been presented in accordance with
sound accounting principles for federations and in accordance with the
accounting requirements of Danish legislation and the articles of federation.
The accounting policies applied are mainly as follows:
Income and expenses
Items of income or expenses are stated in the period they
regard irrespective of time of payment.
Amounts owed by members
Amounts owed by members are stated at the estimated value.
Translation of amounts in the annual accounts
The annual accounts are presented in CHF and in DKK. The rate
of exchange ruling at the balance sheet date between DKK and CHF is 489.96.
All income, expenses and accounts in foreign currencies are
translated into CHF and DKK using the rate of exchange ruling at the balance
sheet date. Realised as well as unrealised profits and losses on exchange are
included in the profit and loss account under the items in question in
accordance with this practice.
profit and loss ACCOUNT FOR 2000
| |
Notes/Note |
2000
DKK |
2000
Budget/
Budget
CHF |
2000
CHF |
1999
CHF'000 |
| Income/Indtægter |
|
|
|
|
|
| Subscriptions, member federations/Kontigenter,
medlemsforeninger |
|
1,424,524 |
332,147 |
290,743 |
307 |
| Subscriptions, associated members/Kontigenter, associerede
medlemmer |
|
5,564 |
1,200 |
1,136 |
2 |
| Subscriptions, sponsor members/Kontingenter,
sponsormedlemmer |
|
189,320 |
39,000 |
38,640 |
38 |
| Subscriptions, academic members/Kontigenter, akademiske
medlemmer |
|
19,490 |
6,000 |
3,978 |
1 |
| Sale of publications/Salg af publikationer |
|
556 |
500 |
113 |
1 |
| Interest income/Renteindtægter |
|
13,123 |
0 |
2,678 |
0 |
| Contribution/Bidrag |
|
0 |
0 |
0 |
51 |
| Various/Diverse |
1 |
68,042 |
0 |
13,887 |
2 |
| Total income/Indtægter i alt |
|
1,720,619 |
378,847 |
351,175 |
402 |
| Expenses/Udgifter |
|
|
|
|
|
| Bureau administration/ Administration, bureau |
2 |
384,071 |
62,000 |
78,387 |
75 |
| Bureau meetings/ Bestyrelsesmøder |
3 |
108,356 |
50,350 |
22,115 |
50 |
| FIG meetings/FIG-møder |
4 |
159,696 |
60,100 |
32,593 |
60 |
| Support to member associations/Støtte til
medlemsforeninger |
5 |
223,496 |
50,500 |
45,615 |
50 |
| Commission activities/ Kommissionsaktiviteter |
6 |
281,373 |
40,500 |
57,428 |
44 |
| Promotion/Promovering |
7 |
241,241 |
45,600 |
49,237 |
49 |
| Establishment of permanent office/ Etablering af fast
kontorsted |
8 |
0 |
0 |
0 |
15 |
| Total
expenses/Udgifteri alt |
|
1,398,233 |
309,050 |
285,375 |
343 |
| PROFIT FOR THE YEAR/ÅRETS RESULTAT |
|
322,386 |
69,797 |
65,800 |
59 |
| Accumulated profit, Education Foundation/Opsamlet resultat,
uddannelsesfond |
9 |
227,705 |
0 |
46,474 |
0 |
| TOTAL PROFIT/RESULTAT I ALT |
|
550,091 |
69,797 |
112,274 |
59 |
balance sheet at 31 december 2000
Assets
| |
Notes/
Note |
2000
DKK |
2000
CHF |
1999
CHF'000 |
|
Amounts owed by members/ Tilgodehavender fra medlemmer
|
|
196,776 |
40,161 |
37 |
|
Outstanding account contributors, Education Foundation/Tilgodehavende
bidragsydere, uddannelsesfond
|
|
17,645 |
3,601 |
0 |
| Other debtors/Andre tilgodehavender |
|
0 |
0 |
1 |
| Prepayments/Forudbetalinger |
|
52,900 |
10,797 |
9 |
| Total debtors/Tilgodehavender i alt |
|
267,321 |
54,559 |
47 |
|
Cash at bank and in hand, FIG/Likvide beholdninger, FIG
|
|
699,503 |
142,768 |
88 |
|
Cash at bank and in hand, Education Foundation/ Likvide beholdninger, uddannelsesfond
|
|
212,344 |
43,339 |
0 |
| Cash at bank and in hand/Likvide beholdninger |
|
911,847 |
186,107 |
88 |
|
TOTAL CURRENT ASSETS/ OMSÆTNINGSAKTIVER I ALT
|
|
1,179,168 |
240,666 |
135 |
| TOTAL
ASSETS/AKTIVER I ALT |
|
1,179,168 |
240,666 |
135 |
BALANCE SHEET AT 31 december 2000
LIABILITIES
| |
Notes/
Note |
2000
DKK |
2000
CHF |
1999
CHF'000 |
|
Capital and reserves at 1 January 2000/ Egenkapital 01.01.2000
|
|
386,876 |
78,961 |
0 |
|
Subscriptions from previous years/ Kontingenter fra tidligere år
|
|
0 |
0 |
24 |
| Retained profits/Overført resultat |
|
327,386 |
66,819 |
59 |
|
Total capital and reserves, FIG /Egenkapital i alt, FIG
|
|
714,262 |
145,780 |
83 |
|
Retained profits, Education Foundation/Overført resultat, uddannelsesfond
|
|
222,705 |
45,454 |
0 |
|
Total capital and reserves, Education Foundation/Egenkapital i alt, uddannelsesfond
|
|
222,705 |
45,454 |
0 |
|
TOTAL CAPITAL AND RESERVES/ EGENKAPITAL I ALT
|
|
936,967 |
191,234 |
83 |
| Other creditors/Anden gæld |
|
242,201 |
49,432 |
52 |
| Total short term creditors/Kortfristet gæld i alt |
|
242,201 |
49,432 |
52 |
|
TOTAL CREDITORS/GÆLD I ALT
|
|
242,201 |
49,432 |
52 |
| TOTAL
LIABILITIES/PASSIVER I ALT |
|
1,179,168 |
240,666 |
135 |
FIG Office
3 March 2001
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