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Financial Statements 2018 for the Year Ended 31 December, 2018 Auditor’S Report

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Financial Statements 2018 for the Year Ended 31 December, 2018 Auditor’S Report Financial Statements 2018 for the year ended 31 December, 2018 Auditor’s Report Contents Independent Auditors’ Report 2 Statement by the Board Chair 2018 6 Board Statement on Risk Management 8 Management Representation 9 Statement of financial position 10 Statement of activities and other comprehensive income 11 Statement of changes in net assets 12 Statement of cash flows 13 Notes to the financial statements 14-30 Exhibits 1 - Schedule of grant revenue 32 2 - Schedule of grant pledges and expenses 36 3 - Donors supporting Bioversity International 54 4 - Schedule of CRP/Platform - Expenditure 58 5 - Schedule of CRP/Platform - Funding 62 6 - Indirect cost ratio computation 64 For the year ended 31 December, 2018 2 For the year ended 31 December, 2018 3 For the year ended 31 December, 2018 4 For the year ended 31 December, 2018 5 For the year ended 31 December, 2018 Statement by the Board 2018 Chair In 2018, he t Global Nutrition Report showed that malnutrition rates remain unacceptably high: 38.3 million children under five overweight years old are ; 50.8 million are stunted; 50.5 million are wasted. At the same time, almost 40% of adults are overweight or , obese while millions are underweight. Planetary health is also making the headlines. The UN Intergovernmental Panel on Climate this Change warned year that we have just "12 years to limit catastrophe" in terms of reducing carbon emissions. A common link between human and planetary the health is food we produce and the way we produce it. Food production is a major driver of climate change, land use changes, depletion of freshwater resources and more. At the same time, climate change affects our ability to grow food while rising carbon dioxide levels are linked to a decrease in crop nutrients. Mainstreaming agrobiodiversity in sustainable food systems can deliver on both health ier diets and a healthier . planet As Rajiv Shah, President of the Rockefeller said Foundation, this in year the context of rising obesity rates in Africa: “Global food policies must encourage the production of a diverse range of food naturally rich in the vitamins and minerals people need to healthy1.” At the moment our food basket contains just a handful of the thousands species and varieties that could be deployed as strategic assets to help fix the food system. Highlights from Bioversity International’s research in 2018 include with a study the Food and iculture Agr Organization of the United N ations to help reduce malnutrition rates. It found that from 1,097 vegetable species cultivated worldwide, more than 90% are neglected in terms of research, conservation and documentation. Another study , this time with the Universidad Politécnica de Madrid considered how this diversity could to be used adapt climate to change. It revealed many under-­‐ researched crops – for example, sweet potato, lentils, common bean and chickpeas – with the potential to deliver and on nutrition thrive in future climate conditions. One missing piece of the puzzle when mainstreaming it comes to agrobiodiversity in sustainable food systems has been a way to measure it. The Agrobiodiversity Index is a tool for governments, companies and investors to measure agrobiodiversity in food systems and identify concrete actions to achieve diverse and sustainable food systems. In 2018, Bioversity International developed and piloted the Agrobiodiversity Index methodology. Bioversity International thank s the Italian Development Cooperation Agency for its support in developing the Agrobiodiversity Index. This year also marked a historic milestone . In 2018, Bioversity International and the International Center for Tropical Agriculture (CIAT) established the n foundations for a Alliance to deliver research-­‐based solutions that harness agricultural biodiversity and sustainably transform food systems to improve Together, people’s lives. the Alliance of Bioversity International and will CIAT contribute to the achievement of the 2030 Agenda for Sustainable Development under one vision and mission. A CGIAR Bioversity International is the operating name of the International Plant Genetic Resources Institute (IPGRI) Research Headquarters: Via dei Tre Denari, 472/a - 00054 Maccarese, Rome, Italy Centre Tel.: (+39) 0661181 - Fax: (+39) 0661979661 - Email: [email protected] 6 www.bioversityinternational.org For the year ended 31 December, 2018 b.3I4"=#84)*#-.;0-(#"0)4."0-#0"9#:2-)4"0)4."0-#603)"+37(#0"9#84)*#)*+#62/-4;#0"9#634B0)+# 7+;).37(#)*+#E--40";+#84--#=+"+30)+#+B49+";+#0"9#:04"7)3+0:#4"".B0)4."7#4"#-03=+]7;0-+# 63.=30::+7@#b4)*#0#=-./0-#63+7+";+#4";-294"=#*2/7#4"#EA34;0(#E740(#c23.6+#0"9#d0)4"# E:+34;0(#)*+#E--40";+#84--#-+B+30=+#3+7+03;*#7<"+3=4+7#/+)8++"#)*+#)8.#;+")3+7#).# 4";3+07+#4:60;)#4"#A.;27#;.2")34+7@# # !"#1.B+:/+3(#)*+#A437)#M.4")#V.039#.A#J327)++7#:++)4"=#807#*+-9#0"9#0#Q+:.30"92:#.A# K"9+37)0"94"=#74="+9#).#;3+0)+#)*+#E--40";+ /+)8++"#)*+#)8.#;+")3+7@J*+#066.4"):+") 807#0"".2";+9#.A#e20"#d2;07#5+7)3+6.#07#_43+;).3#,+"+30-#.A#V4.B+374)<#!")+3"0)4."0-# +AA+;)4B+#Q03;*#$%&Z#0"9#L*4+A#cP+;2)4B+#XAA4;+3#.A#)*+#E--40";+#+AA+;)4B+#e0"203<#$%$%@# U+#84--#/+#/07+9#4"#5.:+(#!)0-<@#J*+#E--40";+#84--#*0B+#0#M.4")#V.039#.A#J327)++7#0"9# *03:."4Y+#7266.3)#7+3B4;+7#).#4:63.B+#+AA+;)4B+"+77#0"9#3+92;+#)30"70;)4."7#;.7)7@## # V4.B+374)<#!")+3"0)4."0-#0"9#L!EJ#847*#).#)*0"I#)*+#b.3-9#V0"I(#)*+#,+3:0"#O+9+30-# Q4"47)3<#A.3#c;.".:4;#L..6+30)4."#0"9#_+B+-.6:+")#0"9#)*+#Q4"47)3<#.A#O.3+4="# EAA0437#.A#)*+#1+)*+3-0"97(#A.3#*.7)4"=#4:6.3)0")#940-.=2+7#)*47#<+03#4"#/24-94"=#)*+# E--40";+@#b+#0-7.#)*0"I#)*+#L,!E5#R<7)+:7#Q0"0=+:+")#XAA4;+#A.3#)*+43#=2490";+#0"9# +";.230=+:+")#07#8+#;*03)#"+8#)+334).3<@#J*+#=30")7#8+#3+;+4B+9#A.3#)*+#8.3I#).# +7)0/-47*#)*+#E--40";+#4"#$%&'#0:.2")+9#).#f%@F#:4--4."(#0"9#."#).6#.A#)*0)(#/.)*# ;+")3+7#4"B+7)+9#f&@F#:4--4."#.B+3#$%&'#).#;.B+3#+P6+"7+7#72;*#07#7)0AA#)4:+#`03.2"9# g%Ga(#32""4"=#8.3I7*.67#0"9#.)*+3#6-0""4"=#0;)4B4)4+7#"+;+7703<#).#)0I+#26#72;*#0# ;.:6-+P#4"4)40)4B+@#b+#*0B+#0;*4+B+9#0#-.)(#/2)#:2;*#:.3+#3+:04"7#).#/+#9."+@#!"#$%&Z# 8+#84--#;.")4"2+#-..I4"=#).#A2"9+37#).#7266.3)#.23#8.3I#4"#/24-94"=#)*+#E--40";+@# d07)-<(#84)*#3+=0397#).#V4.B+374)<#!")+3"0)4."0-W7#$%&'#A4"0";40-#3+72-)7(#).)0-#3+B+"2+# 807#f?%@D#:4--4."#0"9#+P6+"94)23+#f?$@?#:4--4."(#3+72-)4"=#4"#0#9+A4;4)#.A#f&@g#:4--4."@# J*47#9+A4;4)#807#6236.7+A2--<#4";233+9#07#603)#.A#)*+#?]<+03#9+B+-.6:+")#6-0"#A.3#)*+# 6+34.9#$%&[]$%&Z(#8*4;*#066-4+9#3+7+3B+7#).#4"B+7)#4"#)*+#=3.8)*#.A#V4.B+374)<# !")+3"0)4."0-#/<#4";2334"=#.6+30)4."0-#9+A4;4)7#4"#)*.7+#)*3++#<+037@#$%$%#84--#/+#6-0""+9# 0"9#:0"0=+9#).#3+72-)#4"#0#/3+0I+B+"#6.74)4."@#_+764)+#)*+#9+A4;4)#3+;.39+9(# .6+30)4."0-#3+7+3B+7#3+:04"#0)#0#*+0-)*<#-+B+-(#+h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e2-40#Q03)."]d+AiB3+# V.039#L*043' A CGIAR Bioversity International is the operating name of the International Plant Genetic Resources Institute (IPGRI) Research Headquarters: Via dei Tre Denari, 472/a - 00054 Maccarese, Rome, Italy Centre Tel.: (+39) 0661181 - Fax: (+39) 0661979661 - Email: [email protected] 7 www.bioversityinternational.org For the year ended 31 December, 2018 Board Statement on Risk Management Bioversity International’s Board of Trustees has responsibility for ensuring that an appropriate risk management system is in place which enables management to identify and take steps to mitigate significant risks to the achievement of the center’s objectives. Risk mitigation strategies have been ongoing at Bioversity International and include the implementation of systems of internal control which, by their nature, are designed to manage rather than eliminate the risk. Bioversity International also endeavors to manage risk by ensuring that the appropriate infrastructure, controls, systems and people are in place throughout the organization. The Board has adopted a risk management policy (revised 2017) that has been communicated to all staff together with a detailed management guideline.
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