GIZ. Solutions that work. ANNUAL STATEMENT OF ACCOUNTS 2015 CONTENTS REPORT OF THE SUPERVISORY BOarD Report of the Three ordinary meetings of the Supervisory Board and one meeting of the Audit Committee were Supervisory Board held in fiscal 2015. 1 In the year under review, the Supervisory Board was kept continuously informed on manage­ ment policy, the state of operations, and the liquidity and profitability of the company. It received 1 2 3 reports on the Long­Term Corporate Plan 2016 – 2018 and adopted the financial, investment and human resources planning for 2016. MANAGEMENT REPORT ANNUAL STATEMENT AUDITOR’S FOR THE FISCAL YEar 2015 OF ACCOUNTS 2015 REPORT In this context, the Supervisory Board focused in particular on further measures to restructure 2 22 40 the company pension scheme. This involved outsourcing the major part of the scheme to two ex­ ternal pension providers, Deutscher Pensionsfonds AG and the newly formed provident fund GIZ Background, Balance sheet Publication details Unterstützungskasse GmbH (Bonn). During the year under review, the Supervisory Board also operating framework and as at 31 December 2015 41 approved the construction of a second office building at the company’s site in Bonn. It examined overall performance 22 the requirements of the German Act on the Equal Participation of Women and Men in Leadership 2 Positions in the Private Sector and the Public Sector and amended the rules of procedure accord­ Profit and loss account ingly. It requested information on the progress of bauhaus15, GIZ’s internal restructuring project, Assets, financial position for the period from and conducted a review of its own efficiency in line with the German Federal Government’s Public and income 1 January to 31 December 2015 Corporate Governance Code. 9 24 Economic situation Notes to the accounts 2015 The auditors KPMG Aktiengesellschaft Wirtschaftsprüfungsgesellschaft examined the annual 11 25 statement of accounts and management report to establish that they comply with the law, the sup­ plementary provisions of the Articles of Association concerning the annual statement of accounts Proportion of women on Notes to the balance sheet and and management report, and with generally accepted accounting principles. They confirm that the the Management Board, the profit and loss account the Supervisory Board and 25 bookkeeping system and the annual statement of accounts comply with the law, that the annual the Board of Trustees statement of accounts gives a true and fair view of the company’s net assets, financial position and General notes on accounting and 16 results of operations and that the management report is consistent with the annual statement of valuation methods accounts and gives an accurate overall picture of the company’s circumstances and of the oppor­ Outlook 25 tunities and risks for its future development. 17 Notes to the balance sheet Supplementary report 27 At its meeting on 1 July 2016, the Supervisory Board approved the findings of the audit of the 21 annual statement of accounts for 2015 carried out by the auditors and the Supervisory Board Audit Notes to the profit Committee. The findings did not give rise to any objections. and loss account 32 The Supervisory Board recommends that the shareholder adopt the annual statement of accounts Other information 2015 and give formal approval to the acts of the Management Board. 34 Bonn, 1 July 2016 Supervisory Board and Management Board 35 Appendix to the notes: Changes in fixed assets Dr Friedrich Kitschelt in fiscal 2015 Chairman of the GIZ Supervisory Board 38 State Secretary in the German Federal Ministry for Economic Cooperation and Development Report of the Supervisory Board 1 1 MaNAGEMENT REPORT FOR THE FISCAL YEar 2015 expertise. Compared with similar organisations around B. STraTEGY national cooperation in our century – requirements that I. Background, operating framework the world, the sheer range of activities it covers is unique: will also shape the way we implement our sustainable and overall performance economic development and employment; governance and The main factors that influence GIZ’s activities are the development goals. democracy; peacebuilding, security, reconstruction and current national and international political situation, civil conflict transformation; food security, health and social changes and important market developments. At During the year under review, GIZ made considerable A. THE COMPANY basic education; energy policy, environmental protection, international level, the decisions taken in the develop­ progress in its designated strategic action areas. Work resource conservation and climate change mitigation. GIZ ment year 2015 – in particular the new Agenda 2030 started on the implementation of our bauhaus15 restruc­ The Deutsche Gesellschaft für Internationale Zusamme­ combines its services in the form of tailored solutions for for Sustainable Development, the results of the German turing programme, which is designed to make us more narbeit (GIZ) GmbH is a federal public­benefit enterprise specific needs, regions and contexts. These range from ­ad presidency of the G7 and the new global climate agree­ customer­focused, cost­effective and competitive and to with registered offices in Bonn and Eschborn. It helps the vice, training and skills development through to network­ ment – all have an impact on the substance and form of establish clear processes and responsibilities. As well as German Government achieve its objectives in the fields of ing, dialogue, mediation, management and procurement/ development cooperation and international cooperation. achieving a positive set of financial results, we generated international cooperation for sustainable development and logistics services. In September 2015 the UN summit of heads of state additional value for our shareholder in terms of quality international education and training. Quality, efficiency and government adopted Agenda 2030, a new global by actively supporting key BMZ initiatives, thus making and innovation are at the heart of GIZ’s activities as a The German Federal Ministry for Economic Cooperation framework for international cooperation on sustainable a valuable contribution to Germany’s profile in the field modern, commercially run enterprise. and Development (BMZ) is our most important source of development spanning the next 15 years. GIZ’s work also of development cooperation. As such, acting on behalf commissions. GIZ also works on behalf of other German involves responding to health risks such as Ebola, pro­ of the Federal Government, GIZ covers a broad spectrum GIZ operates in more than 130 countries worldwide. federal ministries, including the Federal Foreign Office tracted international crises (with a particular focus cur­ of activities ranging from the provision of development­ Thanks to its long­standing local presence and global (AA); the Federal Ministry of the Interior (BMI); the Fed­ rently on the continuing refugee crisis and the many and related emergency aid in fragile states to support for dia­ networks encompassing politics, business and civil society, eral Ministry for the Environment, Nature Conservation, varied challenges it poses in terms of foreign and domestic logue with emerging economies on the framing of global GIZ is well placed to establish successful partnerships Building and Nuclear Safety (BMUB); the Federal Minis­ policy) and the much more prominent role being taken governance measures. with a large number of stakeholders. try of Defence (BMVg); the Federal Ministry for Eco­ by Germany’s Federal Government in the management nomic Affairs and Energy (BMWi); the Federal Ministry of international crises and conflicts. A clear picture of GIZ’s medium­term strategic focus can We have around 17,300 employees across the globe. of Education and Research (BMBF); the Federal Ministry be found in the company’s ‘2020 Vision’. In order to Over 80% are based outside Germany (including those of Finance (BMF); the Federal Ministry of Food and GIZ supports the implementation of the Federal Govern­ make this vision a reality, we are continuing to address employed locally as national personnel). A further 730 Agriculture (BMEL) and the Federal Ministry of Labour ment’s development policy objectives. The central focus of the four strategic areas of action laid out in our Long­ experts are currently on assignments for GIZ in the role of and Social Affairs (BMAS), the Bundesländer (federal BMZ, our main client, is on meeting the global challeng­ Term Corporate Plan 2015 – 2017. In each of these areas, development workers. In addition, the Centre for Interna­ states) and municipalities, as well as public sector and pri­ es of the future. GIZ makes an important contribution we have specified priority measures with corresponding tional Migration and Development (CIM)1 places experts vate sector clients in Germany and abroad. These include to the implementation of BMZ special initiatives entitled indicators for the period 2016 – 2018: with local employers in partner countries. At the end of governments of other countries, the European Commis­ ‘Tackling the root causes of displacement, reintegrating (1) to create tangible added value for our shareholder; 2015, 485 integrated experts were employed directly by sion, the United Nations and various development banks. refugees’ and ‘One World – No Hunger’. In this context, (2) to implement new organisational structures and pro­ organisations and private businesses in partner countries. GIZ works in close