24th FIG General Assembly, Seoul 2001
Appendices



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



This page is maintained by the FIG Office. Last revised on 15-01-08.