Audited Financial Statements Natural Resources

The International Potato Center (known by its Spanish acronym CIP) is a research-for-development organization with a focus on potato, sweetpotato, and Andean roots and tubers. CIP is dedicated to delivering sustainable science-based solutions to the pressing world issues of hunger, poverty, gender equity, climate A member of the change and the preservation of our Earth’s fragile biodiversity and CGIAR Consortium Audited Financial Statements natural resources. www.cipotato.org and Complementary Information

CIP is a member of CGIAR. For the year ended December 31, 2014 CGIAR is a global agriculture research partnership for a food-secure future. Its science is carried out by the 15 research centers who are A member of the members of the CGIAR Consortium in collaboration with hundreds CGIAR Consortium of partner organizations. www.cgiar.org

Financial Statements For the year ended 31 December 2014 CENTER POTATO INTERNATIONAL

International Potato Center Audited Financial Statements December 31, 2014

International Potato Center

for year ending December 31, 2014 and 2013

International Potato Center Audited Financial Statements December 31, 2014

The International Potato Center (known by its Spanish acronym, CIP) is a research-for-development organization with a focus on potato, sweetpotato, and Andean roots and tubers. CIP is dedicated to delivering sustainable science-based solutions to the pressing world issues of hunger, poverty, gender equality climate change and the preservation of our Earth’s fragile biodiversity and natural resources.

Our Vision is roots and tubers improving the lives of the poor.

Our Mission is to work with partners to achieve food security, well-being, and gender equity for poor people in root and tuber farming and food systems in the developing world. We do this through research and innovation in science, technology, and capacity strengthening.

CGIAR Consortium is an international organization that, together with the CGIAR Fund, advances international agricultural research for a food secure future by integrating and coordinating the efforts of those who fund research and those who do the research. CIP is a member of the Consortium of International Agricultural Research Centers and receives its principal funding from the members of the CGIAR Fund.

CGIAR Research is dedicated to reducing rural poverty, increasing food security, improving human health and nutrition, and ensuring more sustainable management of natural resources. It is carried out by 15 Centers that are members of the CGIAR Consortium in close collaboration with hundreds of partner organizations, including national and regional research institutes, civil society organizations, academia, and the private sector. The 15 Research Centers generate and disseminate knowledge, technologies, and polices for agricultural development through the CGIAR Research Programs. The CGIAR Fund provides reliable and predictable multi-year funding to enable research planning over the long term, resource allocation based on agreed priorities, and the timely and predictable disbursement of funds. The multi-donor trust fund finances research carried out by the Centers through the CGIAR Research Programs.

International Potato Center Audited Financial Statements December 31, 2014

Table of Contents

Statement by the Board Chair 1-2 Management Report 3 Statement on Risk Management 4 Board of Trustees Members 2014 5 Independent Auditor’s Report 6-7 Statement of Financial Position 8 Statement of Activities 9 Statement on Changes in Net Assets 10 Statement of Cash Flow 11 Notes to the Financial Statements 12-20 Statement of Grant Revenue – Exhibit 1 21-22 Restricted Grant Revenue – Exhibit 2 23-27 Property, Plant and Equipment – Exhibit 3 28 Property, Plant and Equipment - Unrestricted – Exhibit 3 (a) 29 Property, Plant and Equipment – Restricted – Exhibit 3 (b) 30 Schedule of Direct and Indirect Cost Rates – Exhibit 4 31 CGIAR Research Program Expenditure Report – Exhibit 5 32-40

International Potato Center Audited Financial Statements December 31, 2014

Statement by the Board Chair

The International Potato Center’s Board of Trustees remains firm in its commitment to provide programmatic, governance, and financial oversight and leadership to ensure that the Center is managed effectively and efficiently. The Board is privileged to serve an organization that is working with partners to achieve food security, well-being, and gender equity for poor people in root and tuber farming and food systems in the development world.

Center Highlights The International Potato Center (CIP) has seen steady programmatic and financial growth over the last couple of years and 2014 continued this trend. The highlight of the year was continuing the lead in implementing the CGIAR Research Program on Roots, Tubers and Bananas. CIP is the lead partner in this exciting research program and is joined by three other CGIAR partner centers: International Center for Tropical Agriculture (CIAT), International Institute for Tropical Agriculture (IITA), and Bioversity International, plus The Agricultural Research for Development center (CIRAD). CIP is also working in a total of 7 other CGIAR Research Programs (CRP) including; CRP on Agriculture for Nutrition and Health, CRP on Managing and Sustaining Crop Systems, CRP on Climate Change, Agriculture, and Food Security, CRP on Dryland Systems, CRP on Integrated System for the Humid Tropics, CRP on Policies and Institutions and Markets, and CRP on Water, Land & Ecosystems. These CGIAR Research Programs also allow CIP to expand its research programs to continue playing an important role in improving potato and sweetpotato production systems and the livelihoods of millions of people around the world.

Financial Performance The Center was successful in achieving an operating surplus of US$1.8M in 2014 and was successful in achieving revenue of US$72.4M during 2014 a year over year increase of US$4.3M or an increase of 6%. This increase in revenue for 2014 was mainly due to the increase in donors contributions to Window 3 (contributions allocated by Fund donors to specific CGIAR Centers).

The short-term solvency indicator (liquidity), which measures the number of days of working capital to fund expenditures excluding depreciation, was 111 days as of December 31, 2014. While the long-term financial stability indicator (adequacy of reserves), which measures the number of days of unrestricted net assets, was 92 days. The indirect cost ratio of the Center was 15.1% for 2014. The ratio has been calculated following the Financial Guidelines No. 5, and expresses the relation between direct and indirect costs.

CIP’s financial indicators reflect that the Center is maintaining its financial health, though no institution is immune to financial or operational risk. To mitigate risk, the Board’s Audit Committee ensures oversight of CIP’s risk management policies and plans. In a much broader sense, the Board oversees Center operations in the interest of donors and stakeholders.

CGIAR Change Management In 2014, the Consortium continues to work to strengthen the links between outcomes and impact with the individual CGIAR Research Programs. The Consortium is putting into place a plan to directly link performance and accountability to the future funding of the CGIAR Research Programs. These changes along with others will lead to more collaboration and less overlap among CGIAR Centers.

International Potato Center Audited Financial Statements December 31, 2014

Appreciation I would like to express my gratitude and appreciation to Dr. Stella Williams and Dr. Peter VanderZaag who served with dedication and high standards during their tenure as a Board member. I would also like to welcome the four new Board members Mr. Jim Eckles from The United States of America, Dr. Frannie Léautier who has dual nationality – Tanzania and France, Dr. Linley Chiwona-Karltun who has dual nationality – Malawi and Sweden and Dr. Alberto Maurer who has dual nationality – Peru and Italy.

On behalf of the Board, I would like to thank CIP’s donors, investors, and all CGIAR partners for their support. I also extend my appreciation to CIP’s management and staff for their continued dedication to the organization and its important mission.

March 30, 2015

Dr. Rodney Cooke Chair, Board of Trustees

International Potato Center Audited Financial Statements December 31, 2014

Management Report

To the Board of Trustees:

The 2014 Financial Statements expressed in US dollars have been prepared in accordance with the accounting policies of the Consultative Group on International Agricultural Research (CGIAR) Financial Guidelines No. 2 – Accounting Policies and Reporting Practices Manual. CIP management is responsible for the reliability of the financial statements and is of the opinion that they give a true and fair view of the state of the financial affairs of the Center and of its operating results.

The Center maintains an internal control system over its financial reporting, which is designed to provide reasonable assurance to management and the Board of Trustees that the financial statements provide reliable information. The systems of internal controls include established policies and procedures communicated and applied throughout the Center.

The Board of Trustees, operating through its Audit and Risk Oversight Committee, provides oversight of the financial reporting process and of the safeguards in the system of internal control to avoid unauthorized acquisition, use or disposal of assets. The Audit and Risk Oversight Committee, meets privately with external auditors to discuss the results of their work, the adequacy of the internal control system and the quality of financial reporting.

Every year, the Audit Committee recommends to the Board the appointment of an external audit firm, and the terms of reference for their work. The external audit for 2014 was performed by Ernst & Young.

March 30, 2015

Dr. Barbara H. Wells Luis Felipe Mendes Director General Chief Financial Officer

International Potato Center Audited Financial Statements December 31, 2014

Statement on Risk Management

The Board of Trustees has responsibility for ensuring that an appropriate risk management system is in place which enables management to identify, manage and take steps to mitigate significant risks to the achievement of the center’s objectives.

Risk mitigation strategies have been ongoing at the Center and include the implementation of systems of internal control which, by their nature, are designed to manage rather than eliminate the risk. The Center also endeavors to manage risk by ensuring that the appropriate infrastructure, controls, systems and people are in place throughout the organization. The Center has implemented a bottom up approach to risk management beginning in 2011. During the fiscal year 2014 management took further steps to identify risks at the department and regional level. These risks were then evaluated by a Risk Management Team and high level risks were reported to the Board with the planned mitigation strategies established by the risk owners.

The Board has recommended and implemented a risk management process that includes a bottom up assessment of Center risk that has been communicated to all staff. Management has established detailed guidelines to ensure risk is assessed at all levels. The process includes a plan by which the Center’s management identifies, evaluates and prioritizes risks and opportunities across the International Potato Center; develops risk mitigation strategies that balance benefits with costs; monitors the implementation of these strategies; and reports, in conjunction with finance & administration staff and internal audit, semi-annually to the Audit Committee of the Board.

The Board is satisfied that the International Potato Center has adopted and implemented a comprehensive risk management system.

March 30, 2015

Dr. Rodney Cooke Chair, Board of Trustees

International Potato Center Audited Financial Statements December 31, 2014

Board of Trustees Members 2014

Board members Country of Origin Membership

Dr. Rodney Cooke U.K. Board Chair Chair of the Executive Committee Member of the Program Committee Member of the Finance Committee

Dr. Stella Williams Nigeria Board Vice-Chair Chair of the Governance & Nominations Committee Member of the Executive Committee Member of the Program Committee Member of the Finance Committee

Dr. Simon Best U.K. Chair of the Program Committee Vice-Chair of the Audit/Risk Oversight Committee Vice-Chair of the Finance Committee Member of the Executive Committee Member of the Governance & Nominations Committee

Dr. Peter VanderZaag Canada Chair of the Finance Committee Vice-Chair of the Program Committee Member of the Executive Committee

Dr. Juan Arturo Flores 1 Peru Member of the Audit/Risk Oversight Committee Member of the Program Committee Member of the Finance Committee

Dr. Bir Pal Singh India Member of the Program Committee Member of the Finance Committee

Prof. Andres Casas Peru Member of the Audit/Risk Oversight Committee Member of the Program Committee Member of the Finance Committee

Mr. Patrick Murphy Ireland/USA Chair Audit/Risk Oversight Committee Member of the Executive Committee Member of the Program Committee Member of the Finance Committee

Dr. Barbara Wells USA Member of the Executive Committee Member of the Program Committee Member of the Finance Committee

Dr. Zhang Taolin China Member of the Program Committee

1 Ended his appointment in July 2014

International Potato Center Audited Financial Statements December 31, 2014

Independent Auditors’ Report

To the Members of Board of Trustees International Potato Center

We have audited the accompanying financial statements of International Potato Center, which comprise the statement of financial position as of December 31, 2014 and 2013, and the statements of Activities, changes in net assets and cash flows for the years then ended, and a summary of significant accounting policies and other explanatory information.

Management’s responsibility for the financial statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the Accounting Policies of the Consultative Group on International Agricultural Research (CGIAR) Financial Guidelines Series N°2 – Accounting Policies and Reporting Practices Manual revised in March 2004 and updated in September 2012, and for such internal control as Management determines is necessary to enable the preparation of the financial statements that are free from material misstatements, whether due to fraud or error.

Auditors’ responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing approved for application in Peru by the Board of Deans of Institutes of Peruvian Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatements.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers relevant internal control of the Center in the preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of express an opinion on the effectiveness of the Center’s internal control. An audit also includes the evaluation of the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Management, as well as evaluating the overall presentation of the financial statements.

International Potato Center Audited Financial Statements December 31, 2014

Independent Auditors’ Report (continued)

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements, present fairly, in all material respects, the financial position of International Potato Center as of December 31, 2014 and 2013 and their statements of activities, changes in net assets and cash flows for the years then ended, in accordance with the guidelines supported by the Accounting Policies of the Consultative Group on International Agricultural Research (CGIAR) Financial Guidelines Series N°2 – Accounting Policies and Reporting Practices Manual revised in March 2004 and updated in September 2012.

Other information

Our audit was conducted for the purpose of forming an opinion on the financial statements taken as a whole. The supplementary schedules: Exhibit 1 – Statement of Grant Revenue; Exhibit 2 - Restricted Grant Revenue; Exhibit 3 – Property, Plant and Equipment; Exhibit 3 (a) – Property, Plant and Equipment - Unrestricted; Exhibit 3 (b) – Property, Plant and Equipment - Restricted; Exhibit 4 – Schedule of Direct and Indirect Cost Rates; and Exhibit 5 CGIAR Research Program Expenditure Report for the year ended as of December 31, 2014 , are presented for the purpose of additional analysis and are not a required part of the financial statements. Such information is the responsibility of Management. The information in such supplementary schedules has been subjected to the auditing procedures applied in the audit of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole.

International Potato Center Audited Financial Statements December 31, 2014

Statement of Financial Position Year Ended 31 December 2014 (US$ 000) Note 2014 2013

ASSETS Current Assets Cash and cash equivalents 2 6,441 3,166 Investments 3 21,009 18,857 Accounts Receivable: Donors 4 5,088 1,582 Other - CGIAR Centers 4 658 6,040 Provision for doubtful accounts - - Employees 5 405 394 Others 6 669 713 Inventory 7 300 519 Advances 8 2,693 3,575 Prepaid Expenses 120 690

Total current assets 37,383 35,536 Non-Current Assets Investments 3 498 63 Property and Equipment, net 9 5,950 6,393 Total non-current assets 6,448 6,456

TOTAL ASSETS 43,831 41,992

LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable Donors 10 9,712 11,337 Other - CGIAR Centers 10a 5,907 6,471 Employees 11 637 - Others 12 5,594 4,759 Accruals and Provisions ST 13 769 92 Total current liabilities 22,619 22,659 Non-Current Liabilities Employees 11 2,110 2,006 Accruals and Provisions LT 13 532 599 Total non-current liabilities 2,642 2,605 Total liabilities 25,261 25,264 Net Assets - Unrestricted

Designated 14 7,645 5,778 Undesignated 14 10,925 10,950 Total net assets 18,570 16,728 TOTAL LIABILITIES AND NET ASSETS 43,831 41,992

(See accompanying notes to the financial statements)

International Potato Center Audited Financial Statements December 31, 2014

Statement of Activities Year Ended 31 December 2014 (US$ 000)

2014 2013 Note Unrestricted CRP Non-CRP TOTAL Unrestricted CRP Non-CRP TOTAL

Grant Revenue Grant Revenue Window 1 & 2 - 39,419 - 39,419 - 37,126 - 37,126 Window 3 4,515 12,915 833 18,263 3,469 7,704 - 11,173 Bilateral 545 13,508 144 14,197 943 18,495 57 19,495 Other Revenue and Gains 473 - - 473 388 - - 388 Total Revenues and Gains 15 5,533 65,842 977 72,352 4,800 63,325 57 68,182

Expenses and Losses Research Expenses 17 2,691 33,202 138 36,031 792 32,209 49 33,050 CGIAR Collaborator Expenses 18 - 18,579 - 18,579 17,306 - 17,306 Non CGIAR Collaborator Expenses 45 7,915 - 7,960 7,061 - 7,061 General and Administration Expenses 19 550 6,071 6 6,627 222 6,727 8 6,957 Other Expenses and Losses 405 75 833 1,313 960 22 - 982 Total Expenses and Losses 3,691 65,842 977 70,510 1,974 63,325 57 65,356

SURPLUS/(DEFICIT) 21 1,842 - - 1,842 2,826 - - 2,826 (See accompanying notes to the financial statements)

International Potato Center Audited Financial Statements December 31, 2014

Statement of Changes in Net Assets Year Ended 31 December 2014 (US$ 000)

Designated Reserve for Undesignated Capital Invested in Replacement of Fixed Restricted Note Fixed Assets Assets Projects Sub total Total

Balance at 1 January 2013 5,675 103 - 5,778 8,124 13,902 Additions to Property and Equipment 1,381 (1,381) - - - - Depreciation for the period (1,127) 1,127 - - - - Fixed Assets in Progress 464 (464) - - - - Net Surplus - - - - 2,826 2,826

As of December 31, 2013 6,393 (615) - 5,778 10,950 16,728 Additions to Property and Equipment 9 1,116 (1,116) - - - - Depreciation for the period 9 (1,905) 1,905 - - - - Retirements (18) 18 - - - Adjustment (229) 229 - - - Fixed Assets in Progress 593 (593) - - - - Core contributions to OFSP - - 1,867 1,867 (1,867) - Net Surplus 21 - - - - 1,843 1,843

As of December 31, 2014 5,950 (172) 1,867 7,645 10,926 18,571 (See accompanying notes to the financial statements)

International Potato Center Audited Financial Statements December 31, 2014

Statement of Cash Flow Year Ended 31 December 2014 (US$ 000) 2014 2013 CASH FLOW PROVIDED BY OPERATING ACTIVITIES Change in Net Assets 1,842 2,826 Adjustment to Reconcile Change in Net Assets to net Cash: Provided by Operating Activities: Depreciation 1,905 1,127 Gain/loss on disposal of property and equipment, net 18 37 Decrease (Increase) in Assets: Accounts Receivable: Donors (3,505) 1,119 Other - CGIAR Centers 5,667 2,159 Allowance for doubtful accounts - (1,336) Employees (11) (246) Others (240) (445) Inventories 219 (44) Advances and Prepaid Expenses 1,450 83 Increase (Decrease) in Liabilities: Accounts Payable: Donors (1,625) (4,413) Other - CGIAR Centers (564) (8,782) Employees 637 (263) Others 836 (562) Accruals and Provisions 677 (102)

Net Cash provided (used) by Operating Activities 7,306 (8,842)

Cash Flows From Investing Activities Acquisition of Fixed Assets (1,116) (1,397) Fixed Assets in Progress (593) (417) Proceeds from disposal of property, plant and equipment 229 (27) (Decrease) Increase in Net assets - - Decrease (Increase) of Investments (2,587) 2,275 Sales of property and equipment (1) (53) Net Cash (used in) and provided by Investing Activities (4,068) 381

Cash Flows From Financing Activities Increase (Decrease) in Long term Liabilities: Accounts payable Employees 104 552 Accruals and Provisions (67) 72 Net Cash provided by Finance Activities 37 624 Net (Decrease) Increase in Cash and Cash Equivalents 3,275 (7,837) Cash and Cash Equivalents At the beginning of the period 3,166 11,003 At the end of the period 6,441 3,166 (See accompanying notes to the financial statements)

International Potato Center Audited Financial Statements December 31, 2014

Notes to the Financial Statements Year Ended 31 December 2014 (US$ 000)

Note 1 - Basis of Financial Statement Presentation and Significant Accounting Policies

The accounting policies applied in the preparation of these financial statements are consistent with the Consultative Group on International Agricultural Research (CGIAR) Financial Guideline Series No. 2 – Accounting Policies & Reporting Practices Manual revised in March 2004 and updated September 2012. These policies are summarized below:

Cash and Cash Equivalents are cash and short-term highly liquid investments that are readily convertible to known amounts of cash with original maturities of three months or less.

Investments are carried at market or appraised value; profits or losses are reflected in the statement of activities in other revenues and gains.

Inventory of materials and supplies are booked at acquisition cost. Acquisition cost includes the purchase price plus freight, insurance and handling charges. Inventory is valued at the average cost, which should not exceed market value. Materials in transit are stated at cost.

Property and Equipment are stated at net book value, which is calculated by deducting accumulated depreciation from acquisition cost, freight, insurance and handling charges, net of disposals. Gains or losses resulting from disposal of assets are reflected in the Statement of Activities. A new revised Policy of Fixed Assets was implemented in 2013 which states that new asset items having an individual purchase price of US $3,500 or greater including VAT, freight and installation costs are categorized as fixed assets. Estimated life of Property and Equipment used for calculating depreciation charges are as follows:

Category Description Estimated life in years Physical facilities Buildings and improvements 33 Furnishing and equipment Farming Equipment 7 Scientific and Laboratory Equipment 5 Office equipment, furniture and fixtures 5 Vehicles 4 Mainframe, servers, network systems and 5 Telecommunication equipment Computers and personal computer peripherals 3 Software costs and Intangible Assets 4

Depreciation of property and equipment is calculated by using the straight-line method. Depreciation starts in the month the assets are placed in operation and continues until they have been fully depreciated or discontinued for use.

Constructions in progress are capitalized when the work is completed and the facility is put in use.

Property and Equipment acquired through the use of grants restricted for a specific project are recorded as assets. Such assets are depreciated at a rate of 100%.

International Potato Center Audited Financial Statements December 31, 2014

Intangible Assets comprise software developed or purchased. The total cost of acquisition and installation of computer software is capitalized and amortized using the straight line method over the estimated useful life of the software, usually four years.

Statement of Activities: A fully redesigned Format of this Financial Statement has been introduced and required to the Centers as part of the changes resulting from the reviews and updates of the CGIAR Finance Guideline No. 2.

In 2011, the CGIAR introduced a new programmatic based approach to doing business. The Donors to the CGIAR, represented by the Fund Council, approved the creation of fifteen CGIAR Research Programs (CRPs), each to be led by a designated Center which would be responsible, through a Program Implementation Agreement (PIA) for overseeing the implementation of the CRP by program participants and for all payments to and reporting from program participants. Program participants include other Centers who are subcontracted by the Lead Center via a Program Participant Agreement (PPA) or other suitable contracting arrangement.

The Lead Center of a CRP shall include in its Statement of Activity expenses incurred by subcontracted CGIAR Centers and the corresponding revenue.

Collaborators -CGIAR Centers shall include in their Statements of Activity expenses incurred for each CRP, and the corresponding revenue.

Grants Revenue are recognized upon the substantial fulfillment of the conditions attached to them, regardless of the period when it is intended to be used, or when the donor has explicitly waived the conditions. Grants are classified according to the type of restrictions attached to them.

Unrestricted grants received by the Center may be freely used for its mandated activities and are recognized in full in the period specified by the donor wherein sufficient verifiable evidence exits.

Restricted grants are received in support of specified projects or activities mutually agreed upon by the Center and donor. Revenue is recognized to the extent of expenses actually incurred. Excess of grants received over expenses, representing grants applicable to succeeding years, are shown as Accounts payable – donors. Claims from donors for projects expenses paid for by the Center in advance are shown as Accounts receivable – donors; both accounts in the statement of financial position.

Grants in kind are measured at their values of the assets (or services) received or promised while cash grants are measured at the face values of the cash received or the US dollar equivalent

Other Revenue and Gains are recognized in the period in which they are earned. It includes interest and gains on investments, and proceeds from the sale of assets or other services.

Indirect Cost Recovery corresponds to amounts from donors recovered to pay indirect costs such as management and general operations. In 2014 indirect cost recovery reached US$6.63M (US$ 6.96M in 2013).

Cost Allocation Ratio is calculated by allocating part of management and general expenses (indirect expenditures) to program related expenses (direct expenditures), according to Financial Guideline No 5. The Indirect Cost Ratio charged in 2014 was 17% (20% in 2013). The blended indirect cost ratio over total expenditures reached 13.1% (14.8% in 2013), while the indirect cost ratio over direct costs, represented 15.1% (17.3% in 2013), as disclosed in Exhibit 4.

International Potato Center Audited Financial Statements December 31, 2014

Foreign Currency transactions are stated in US dollars at the exchange rate prevailing on the date of the transaction. Exchange differences resulting from the collection of receivables and/or the settlement of obligations at an exchange rate different from the one originally used to book the transaction are credited or charged to operations in the period the transaction is settled and are included in the statement of activities.

Outstanding assets and liabilities in other currencies than the US dollar at year-end are adjusted at the market exchange rate. Gains or losses are included in the statement of activities.

Expenses represent actual or expected cash outflows that have occurred or will eventually occur as a result of the Center’s ongoing operations during the period and are recognized on an accrual basis.

Other Accounts Payable and Accruals represent amounts to be paid in the future for goods or services received, whether billed by the supplier or not.

Employee Benefits are all forms of consideration given by the Center in exchange for services rendered by all employees whether internationally recruited staff (IRS) or nationally recruited staff (NRS).

Employee Local Staff Social Benefits are calculated in accordance with local current legal regulations of each country where the Center hires local staff.

Employee International Staff Related Liabilities and retirement benefits of the IRS are managed by the Association of International Agricultural Research Centers (AIARC), an autonomous body providing comprehensive payroll management services to various agricultural research organizations worldwide. Payments to AIARC include contributions towards the IRS retirement benefits.

Employee Repatriation Cost is paid in accordance with the terms and conditions of recruitment. Internationally recruited staff is entitled to repatriation benefits on the completion of their contract period. Provision is made for repatriation payable for all international staff members based on the estimated cost of airfare, relocation and freight charges.

Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Note 2 - Cash and Cash Equivalents Cash and cash equivalents consist of the following: 201 4 201 3 Cash on hand 75 128 Banks – current accounts 6,227 2,816 Banks – savings accounts 139 222 6,441 3,166

International Potato Center Audited Financial Statements December 31, 2014

Note 3 - Investments As of December 31, the movement is as follows:

2014 2013 Time Deposits 18,720 18,857 Other Fixed interest investments 2,787 63 Total Investments 21,507 18,920 Less: Current portion of investment (21,009) (18,857) Investments, non-current 498 63

Investments comprise the following:

2014 Time Deposits 18,720 Repurchases Agreement 87 Bonds and Shares 498 Commercial Papers 2,202 Investments, non-current 21,507

Interest earned on Investments during the year has been recorded as other revenues and gains in the Statement of Activities.

Note 4 - Accounts Receivable - Donors

Unreleased balances of approved grants and expenses incurred in advance of the receipt of donor funds are classified as follows:

2014 2013 Unrestricted 2,002 13 Bilateral 3,086 1,569 Total Donors 5,088 1,582 CGIAR Centers 658 6,040 Total Accounts Receivable - Donors 5,746 7,622

No accounts receivable were deemed doubtful of collection as of December 31, 2014.

Note 5 - Accounts Receivable - Employees

This balance is as follows:

2014 2013 Loans 136 54 Advances 269 340 405 394

International Potato Center Audited Financial Statements December 31, 2014

Note 6 - Accounts Receivable - Others

Comprise the following: 2014 2013 Taxes 319 203 Institutions 125 - Hosted Centers 225 510 669 713

Note 7 - Inventory Inventory balance is as follows:

2014 2013 Laboratory and field supplies 255 293 Office supplies 10 23 Spare parts & other 35 203 300 519

Allowance of US$52k was provided in 2014. Amount corresponds to obsolete inventory from previous and current year.

Note 8 - Advances

Comprise the following:

2014 2013 Projects 2,307 3,282 Suppliers 386 256 Regions - 37 2, 69 3 3,575

Note 9 - Property and Equipment, net

The balances of cost and accumulated depreciation are as follows (Exhibit 3):

201 4 2013 Cost of property and equipment 23,021 21,477 Accumulated depreciation (17,071) (15,084) 5,950 6,393

The annual rates for depreciation charges are as follows:

(i) Physical Facilities 33 years (ii) Farming equipment 7 years (iii) Scientific and Laboratory Equipment 5 years (iv) Office equipment, furniture and f ixtures 5 years (v) Mainframe, servers, network systems, and telecommunication equipment 5 years (vi) Vehicles 4 years (vii) Software Costs and intangible assets 4 years (viii) Computer and personal computing peripherals 3 years

International Potato Center Audited Financial Statements December 31, 2014

For the year ending December 31, 2014 CIP recorded depreciation on Property, Plant and Equipment unrestricted in the amount of US$1,030K (US$589K in 2013), this depreciation includes an amount of US$325K for OFSP unrestricted activities.

During the year the purchases of restricted fixed assets were of US$888K (US$538M in 2013). Such assets were depreciated at a rate of 100% in 2014.

Note 10 - Accounts Payable - Donors

Grants received in advance, applicable to succeeding periods, are as follows:

2014 2013 Unrestricted 1,888 3 Restricted 7,824 11,334 9,712 11,337

Note 10a – Accounts Payable Other – CGIAR Centers

It includes among others, the liability to CGIAR-Partner Centers on CRP -Roots, Tubers and Bananas (RTB): Bioversity US$2.01M (US$2.20M in 2013); CIAT US$2.06M (US$1.77M in 2013); IITA US$2.32M (US$2.52M in 2013).

Note 11 – Accounts Payable Employees

The movement is as follows:

201 4 2013 Initial Balance 2,006 1,717 Plus: Provisions 1,872 1,409 Less: Payments (1,131) (1,120) Balance up to date 2,747 2,006 Less: current portion (637) - Non-current portion 2,110 2,006

The balances include the following provisions for NRS in accordance with Peruvian labor law and IRS according to our policies.

201 4 2013 Severance Indemnities for NRS-HQ (CTS) 68 70 Severance Indemnities for RRS-HQ 28 38 Indemnities for NRS 505 555 Vacations for NRS-HQ 550 489 Provision for IRS repatriation costs 959 812 Other Provisions – Regional Offices - 42 2,110 2,006

International Potato Center Audited Financial Statements December 31, 2014

Note 12 - Accounts Payable - Others

Accounts Payable – Others are broken down as follows:

201 4 2013 Institutions 402 205 Suppliers 4,807 3,709 Research contracts 144 642 Taxes 137 168 Other 104 35 5,594 4,759

Note 13 – Accruals and Provisions

The movement is as follows:

201 4 2013 Initial Balance 691 721 Plus: Provisions 2,384 163 Less: Utilization (1,774) (193) Balance up to date 1,301 691 Less: current portion (769) (92) Non-current portion 532 599

The balances are as follows:

201 4 2013 Other Provision NRS and RRS 44 124 Training 115 - Other Provisions 610 - Strategic Initiatives 532 552 1,301 691

Training provision of US$115k has been made to cover staff training as part of CIP Talent Management process. Other provisions includes an amount of US$182k for facilities improvements starting in 2014 and continuing in 2015; another amount of US$220k to cover meetings and workshops expenses related to CIP’s new business plan and other activities programmed for 2014 and postponed for 2015 due to factors out of CIP control, including security issues in the countries where the meetings will take place.

Note 14 - Net Assets Unrestricted

Unrestricted net assets are the amount set aside for the Center’s use with no restrictions by donors. Unrestricted net assets are broken down between designated and undesignated.

Designated Net Assets includes the acquisition cost, net of the depreciation charges of property and equipment and replacement costs, plus a reserve of US$1,867k that corresponds to last year surplus of core contributions to orange fleshed sweetpotato activities.

International Potato Center Audited Financial Statements December 31, 2014

Undesignated Net Assets is the amount accumulated out of the operating surplus, designated to provide the necessary cash to meet the Center's on-going commitments and obligations whenever contributions are delayed within the year.

Note 15 – Revenues and Gains

Revenue from Grants

2014 2013 W1/2 W3 Bilateral Total W1/2 W3 Bilateral Total Unrestricted - 4,515 545 5,060 - 3,469 943 4,412

Restricted CRP - Roots, Tubers & Bananas 31,114 11,277 10,726 53,117 29,369 6,965 14,069 50,403 CRP - Drylands 430 - - 430 410 - - 410 CRP - Humidtropics 757 - 138 895 439 - 250 689 CRP - Policies, Institutions & Markets 861 - 531 1,392 882 - 2,356 3,238 CRP - Agriculture for Nutrition & Health 461 1,842 678 2,981 610 1,096 668 2,374 CRP - Water, Land and Ecosystems 461 145 - 606 371 27 - 398 CRP - Climate Change, Agriculture & Food Security 1,634 146 197 1,977 1,629 48 263 1,940 Genebank 3,701 - 743 4,444 3,416 - 208 3,624 Non - CRP - 833 144 977 - - 306 306

Total Restricted 39,419 14,243 13,157 66,819 37,126 8,136 18,120 63,382

Total Grant 39,419 18,758 13,702 71,879 37,126 11,605 19,063 67,794

Other Revenues comprise the following:

2014 2013 Interest income 191 177 Foreign exchange (loss) gain, net (93) (360) Other (includes sale of: property, small equipment and vines ) 375 571 473 388

Note 16 – Expenses by Natural Classification

The expenses are classified as follows: 2014 2013

UnrestrictedRestricted TOTAL UnrestrictedRestricted TOTAL CRP Non-CRP CRP Non-CRP Expenses by Function Personnel Costs 10,395 14,472 536 25,403 9,381 14,447 - 23,828 Collaborators - CGIAR Centers - 18,579 - 18,579 - 17,306 - 17,306 Other Collaboration 44 7,915 - 7,959 - 7,061 - 7,061 Supplies and Services (2,631) 14,924 361 12,654 (2,097) 14,089 33 12,024 Travel 930 2,918 74 3,922 802 3,160 16 3,978 Depreciation 1,030 888 - 1,918 613 514 - 1,127 System Cost (CSP) - 75 - 75 10 21 - 31 Subtotal Expenses and Losses 9,768 59,771 971 70,510 8,709 56,598 49 65,356 Indirect Cost Recovery (6,077) 6,071 6 - (6,735) 6,727 8 0 Total Operating Expenses 3,691 65,842 977 70,510 1,974 63,325 57 65,356

International Potato Center Audited Financial Statements December 31, 2014

Note 17 - Program Research Expenses

Program Research expenses include the following categories on the Statement of Activities: Research Expenses (US$36M), CGIAR Collaborator Expenses (US$19M) and Non CGIAR Collaborator expenses (US$8M).

The expenses incurred are as follows: 201 4 2013 Research 56,520 52,471 Research support (a) 6,049 4,968 62,570 57,439

(a) Research support covers activities carried out in direct support to research activities.

Note 18 – Collaborators - CGIAR Centers

Includes expenses incurred by Partner CGIAR Centers which have been reported to CIP (Lead Center of CRP RTB). The total on this account equals the total revenue that the Lead Center has recognized on behalf of the Partner Center.

In 2014 the amount disclosed in this Report represents the expenses reported by the CRP CGIAR Participating Centers as follows: Bioversity US$6.25M (US$6.17M in 2013); CIAT US$5.19M (US$4.60M in 2013) and IITA US$6.61M (US$6.54M in 2013). CIRAD US$ 0.53M is also included in this category.

Note 19 - Management and General Expenses

Include general services, security, communications, utilities and expenses on physical plant services. The expenses incurred are as follows: 201 4 2013 Research management 6,627 6,957

Note 20 - Indirect Costs Recovery

The Indirect Cost recovered in 2014 is US$6.63M (US$6.95M in 2013) from a total of US$6.63 (US$6.95M in 2013). 2014 2013 In House Partner Total In House Partner Total G&A 6,229 398 6,627 6,602 355 6,957 Research 36,031 7,960 43,991 33,072 7,061 40,133 Overhead Rate 17.3% 5.0% 15.1% 20.0% 5.0% 17.3%

* The cost category "CRP Collaborator Costs - CGIAR Centers" is excluded from this computation.

Partnerships are a growing part of CGIAR business, but do not incur the same level of overhead as in-house Research. For clarity, the overhead cost calculation has been done on each of the following: net in-house research costs; the management charge on the partner costs has been disclosed; and the overall rate is also shown. 2013 comparative figures have been reworked to show the same information.

Note 21 – Net Surplus

The surplus in 2014 includes US$1,175K that corresponds to core contributions to orange fleshed sweetpotato activity which will be designated to cover the related expenses in the following years.

International Potato Center Audited Financial Statements December 31, 2014

Statement of Grant Revenue - Exhibit 1 Year Ended 31 December 2014 (US$ 000) Funds Accounts Payment of Total 2014 Total 2013 Donors Received Receivable Advances Unrestricted - Window 3 Department for International Development (DFID) 4,398 1,885 (1,885) 4,398 2,424 Government of China - CCCAP - - - - 927 Government of China - 117 - 117 118 Total Unrestricted - Window 3 4,398 2,002 (1,885) 4,515 3,469 Unrestricted - Bilateral Aid for Africa - - (3) - - Government of Germany - Federal Ministry for Economic Coperation and Development (BMZ) - - - - 392 Government of Philippines 13 - - - 13 Government of Turkey 15 - - 15 15 Irish Aid 530 - - 530 523 Total Unrestricted - Bilateral 558 - (3) 545 943 Restricted - W1 & W2 CGIAR Research Program for Genebanks 1,640 1,638 - 3,278 3,212 CGIAR Research Program for Genebanks - GRIN Global 2.0 Pilot Deployment by CIP 8 - - 8 16 CGIAR Research Program on Agriculture for Nutrition and Health - CRP 4 447 13 - 460 610 CGIAR Research Program on Climate Change, Agriculture and Food Security Program - CRP 7 593 980 - 1,573 1,620 CGIAR Research Program on Dryland Systems - CRP 1.1 230 200 - 430 411 CGIAR Research Program on Humid Tropics - CRP 1.2 505 252 - 757 439 CGIAR Research Program on Policies, Institutions and Markets - CRP 2 593 267 - 860 881 CGIAR Research Program on Roots, Tuber and Bananas - CRP 3.4 39,806 0 (8,693) 31,113 29,369 CGIAR Research Program on Water, Land and Ecosystems - CRP 5 299 163 - 462 372 Cryobanking Strategy for 2013 - 2016 417 - (2) 415 187 IRRI CRP on Climate Change, Agriculture and Food Security Program - CRP 7 47 14 - 61 9 Total Restricted - W1 & W2 44,585 3,527 (8,695) 39,419 37,126 Restricted - W3 Bill & Melinda Gates Foundation 1,026 - (3,743) 4,769 2,318 CGIAR Consortium of International Agriculture Research Centers - International Livestock Research Institute (ILRI) 240 27 - 267 - European Comission - International Fund for Agricultural Development (IFAD) - 601 - 601 - Government of Belgium 234 - - 234 - Government of China - 833 - 833 - Government of India 125 - (125) 339 265 United States Agency for International Development (USAID) 9,057 - (2,243) 6,814 5,121 Total Restricted - W3 10,682 1,461 (6,111) 13,857 7,704 Challenge Programs - W3 Harvest Plus 300 158 - 458 - Total Challenge Programs - W3 300 158 - 458 - Restricted - Bilateral Accion Contra el Hambre (50) 50 - - 5 African Development Bank - ASARECA (22) 22 - - 346 Asociación Pataz 8 - (9) - 23 Australian Centre for International Agriculture Research (ACIAR) 0 - - - 21 Australian Centre for International Agricultural Research (ACIAR) - AVRDC 20 - (6) 14 - Australian Centre for International Agriculture Research (ACIAR) - SARDI 0 - - - 197 Bill & Melinda Gates Foundation 2,862 - 1 2,863 5,527 Bill & Melinda Gates Foundation - Lake Zone Agricultural Research and Development Institute (LZARDI) 226 - (81) 145 21 Bill & Melinda Gates Foundation - Michigan State University - 1 - 1 - Bill & Melinda Gates Foundation - Virginia Polytechnic Institute and State University (Virginia Tech) 3 - (3) - 31 Bioforsk - Norwegian Institute for Agricultural and Environmental Research 8 - (2) 6 6 Branston LTD - Dr. David Nelson 2 - (2) - 3 Cabinda Gulf Oil Company Limited (Chevron) (5) 5 - - 405 Canadian International Development Agency (CIDA) 109 - (41) 68 82 Centro Agronomico Tropical de Investigacion y Enseñanza - CATIE - - - - 1 CGIAR Consortium of International Agriculture Research Centers - Centro de Mejoramiento de Maiz y Trigo (CIMMYT) - - - - 250 CGIAR Consortium of International Agriculture Research Centers - International Food Policy Research Institute (IFPRI) - - - - 68 CGIAR Consortium of International Agriculture Research Centers - International Livestock Research Institute (ILRI) - 1 - 1 7 Danish International Development Agency (DANIDA) - University of Copenhagen - - - - 6 European Commission (EC) - Plant Research International B.V. (22) 22 - - - European Commission (EC) - The Food and Environment Research Agency (FERA) (9) 9 - - 9 European Commission (EC) - Universite Catholique de Louvain (37) 58 - 21 59 Eurpean Commission (EC) - International Fund for Agricultural Development (IFAD) (222) 1,191 - 969 2,714 Federal Republic of Nigeria - Federal Ministry of Agriculture and Rural Development (FMARD) (724) 1,130 - 406 - Fondo Regional de Tecnologia Agropecuaria (FONTAGRO) - Fundacion PROINPA 1 - (1) - 24 Fondo Regional de Tecnologia Agropecuaria (Fontagro) | INIA -Chile (26) 26 0 - 23 Food and Agriculture Organization of The United Nations (FAO) (136) 136 0 - -

International Potato Center Audited Financial Statements December 31, 2014

Statement of Grant Revenue Exhibit 1 Year Ended 31 December 2014 (US$ 000) Funds Accounts Payment of Total 2014 Total 2013 Donors Received Receivable Advances Global Crop Diversity Trust 434 - (108) 326 208 Gobierno de España - Instituto de Investigaciones Agropecuarias (INIA) - Spain 353 - (332) 21 57 Government of Austria 514 - (151) 363 463 Government of Belgium 100 - - 100 434 Government of Finland 972 466 - 1,438 1,093 Government of Germany - Federal Ministry for Economic Coop. and Development (BMZ) and GTZ 3,047 - (1,513) 1,534 723 Government of Germany - The International Centre of Insect Physiology and Ecology (ICIPE) 59 45 - 104 59 Government of Islamic Republic of Iran 47 - (47) - - Government of Odisha - Directorate of Horticulture | ICRISAT 346 - (130) 216 - Government of Peru 17 53 0 70 148 Government of The Republic of Korea 311 - (165) 146 141 Government of Turkey 0 - - - 44 Interamerican Development Bank (IADB) - FONTAGRO 13 9 - 21 18 International Bank for Reconstruction and Development - Bioversity International 0 - - - 24 International Bank for Reconstruction and Development - Centro Internacional de Agricultura Tropical (CIAT) 0 - - - 44 International Bank for Reconstruction and Development - International Center for Agricultural Research in the Dry Areas (ICARDA) 15 - (15) - - International Food Policy Research Institute (IFPRI) - - - - 6 International Fund for Agricultural Development (IFAD) 149 - (51) 98 592 International Fund for Agricultural Development (IFAD) - Centro Internacional de Agricultura Tropical (CIAT) 0 - - - 12 Irish Aid 3,278 - (911) 2,367 2,146 Julius Kuehn Institut 23 4 - 27 8 Konya Seker Sanayi ve Ticaret A.S. 17 - (1) 16 - Minister for European Affairs and International Cooperation of the Netherlands - IFDC 35 9 - 43 - National Science Foundation (NSF) - The Boyce Thompson Institute for Plant Research 25 21 - 46 125 Philippine Counsil for Agriculture, NRFRD - Visayas State University 5 - (5) - - Swiss Agency for Development and Cooperation (SDC) 41 - (13) 28 25 Syngenta Crop Protection AG 164 14 - 177 188 Syngenta Foundation for Sustainable Agriculture 618 - (70) 548 - The Beira Agricultural Growth Corridor 126 147 - 273 222 The International Development Research Centre (IDRC) - Universidad Nacional de Colombia 168 - - 168 61 The Mcknight Foundation 82 - (77) 5 26 The OPEC Fund for International Development 66 71 - 137 64 The Scottish Government International Development Fund - The James Hutton Institute (1) 1 - - 126 United States Agency for International Development (USAID) 308 - - 308 928 United States Agency for International Development (USAID) - International Livestock Research Institute (ILRI) - - - - 306 Total Restricted - Bilateral 13,318 3,491 (3,733) 13,075 18,120

Harvest Plus - - - - 432 Generation Challenge Program 10 - - 10 - Total Challenge Programs - Bilateral 10 - - 10 432 13,453 TOTAL 73,851 10,639 (20,427) 71,879 67,794

International Potato Center Audited Financial Statements December 31, 2014

Restricted Grant Revenue Exhibit 2 Year Ended 31 December 2014 (US$ 000)

DONORS & PROJECTS Grant Period Grand Pledge Prior Years Current Year Total

Restricted - W1 & W2

The Consortium of International Agricultural Research Centers (CIARC) Jan 2011 - 1124-GCDT CGIAR Research Program for Genebanks 12,659 9,381 3,278 12,659 Dec 2014 Oct 2013 - 1193-GCDT CGIAR Research Program for Genebanks - Cryobanking Strategy for 2013-2016 1,483 187 415 602 Dec 2016 Nov 2013 - 1210-GCDT CGIAR Research Program for Genebanks - GRIN Global 2.0 Pilot Deployment by CIP 27 16 8 24 Mar 2014 Jan 2012 - 1134-CGIA CGIAR Research Program on Roots, Tuber and Bananas 85,210 51,676 31,115 82,791 Dec 2014 Jan 2012 - 1141-ICAR CGIAR Research Program on Dryland Systems 1,316 858 430 1,288 Dec 2014 Jul 2012 - Dec 1152-IITA CGIAR Research Program on Humid Tropics 1,608 851 757 1,608 2014 Jan 2012 - 1142-IFPR CGIAR Research Program on Policies, Institutions and Markets PPA CRP2-004 2,450 1,573 860 2,433 Dec 2014 Jan 2012 - 1144-IFPR CGIAR Research Program on Agriculture for Nutrition and Health PPA CRP4-004 1,380 919 460 1,379 Dec 2014 Jan 2012 - 1138-IWMI CGIAR Research Program on Water, Land and Ecosystems 1,268 766 462 1,228 Dec 2014 CGIAR Research Program on Climate Change, Agriculture and Food Security Program Jan 2011 - 1114-CIAT 6,075 4,455 1,573 6,028 Participant Agreement No. CRP-133-11 Dec 2014

Regional Workshop on Yield Gap Analysis for Multi-Functional Food & Livelihood Dec 2013 - 1213-IRRI 70 9 61 70 Crops: Roots and Tubers Under Changing Climate in Southeast Asia Mar 2014

Subtotal Restricted - W1 & W2 113,547 70,692 39,419 110,110

Restricted - W3

Bill and Melinda Gates Foundation May 2011 - 1101-BMGF Reaching Agents of Change for Orange-Fleshed Sweetpotato in SSA 6,794 4,340 2,127 6,467 Sep 2014 Remote Sensing as a monitoring Tool for Smallholder's Cropping Area Jul 2013 - Jul 1196-BMGF 970 74 290 364 Determination in Tanzania and Uganda 2015 Apr 2014 -03 1223-BMGF Jumpstart Ghana Value Chain 4,000 - 484 484 2017 Jun 2014 - 1230-BMGF Sweetpotato Action for Security & Health in Africa II (SASHA II) 19,353 - 1,868 1,868 Jun 2019 31,117 4,414 4,769 9,183 CGIAR - Systemwide Livestock Program - International Livestock Research Institute (ILRI) Jan 2014- Jun 1226-ILRI Africa Rising - Phase II 486 - 267 267 2015 486 - 267 267

Government of Belgium 1222-FPS0 AHIPA: enhancing the nutrient rich Yam Bean in Central and West Africa 234 - 234 234 234 - 234 234 Government of China Jan 2014 - 1078-CHI0 Supporting preparation work of CCCAP in China 883 - 833 833 Dec 2014 883 - 833 833 Government of India Mar 2007 - 1016-GOI0 Varietal improvement of potato for biotic resistance, enriching of germplasm 1,769 902 339 1,241 Mar 2014 1,769 902 339 1,241 International Fund for Agricultural Development (IFAD) Jan 2014 - 1215-IFAD Expanding utilization of RTB and reducing their post-harvest losses 3,750 - 601 601 Dec 2016 3,750 - 601 601

International Potato Center Audited Financial Statements December 31, 2014

Restricted Grant Revenue Exhibit 2 Year Ended 31 December 2014 (US$ 000) DONORS & PROJECTS Grant Period Grant Pledge Prior Year Current Year Total United States Agency for International Development (USAID) Jan 2010 - 1011-IBRD Platform Mozambique : Sweetpotato Activity Mozambique 1,967 763 324 1,087 Sep 2014 Exploiting the potential of potato and sweetpotato to reduce food insecurity and Sep 2009 - 1063-USAI 11,000 4,740 1,261 6,001 dependence on cereals in SNNPR and Tigray (Ethiopia) Dec 2014 May 2011 - 1104-USAI Zambia Orange Flesh Sweet Potato 2,302 1,543 517 2,060 Sep 2014 Oct 2010 - 1111-IBRD Late Blight / Sweetpotato Weevil 2,001 1,573 377 1,950 Sep 2014 Improving incomes, nutrition, and health in Bangladesh through potato, Oct 2010 - 1117-USAI 10,465 3,683 3,866 7,549 sweetpotato, and vegetables Sep 2014 Oct 2012 - 1202-USAI US-CGIAR Linkage Program CRP 3.4 216 108 54 162 Sep 2014 Dec 2013 - 1204-USAI Potato Production to improve Food Security in Tajikistan 245 4 102 106 Sept 2014 Oct 2013 - 1205-USAI Long-term Sweet Potato Storage 259 23 107 130 Sept 2014 Oct 2014 - 1235-USAI The Viable Sweetpotato Technologies in Africa (VISTA) Mozambique 931 - 64 64 Sep 2015 Oct 2014 - 1236-USAI The Viable Sweetpotato Technologies in Africa (VISTA) Tanzania 1,274 - 142 142 Sep 2015 Oct 2014 - 1238-USAI The Viable Sweetpotato Technologies in Africa (VISTA) Malawi 1,597 - 0 0 Sep 2015 32,257 12,437 6,814 19,251 Subtotal Restricted - W3 70,495 17,753 13,857 31,610

Challenge Programs Harvest Plus Biofortified Potato Varieties to help overcome Micronutrient Malnutrition in East Jan 2014 - 1232-CIAT 175 - 158 158 Africa Africa and South Asia, Agreement #5322 Dec 2014 175 - 158 158 Jan 2012 - 1122-IFPR Developing and Delivering Biofortified Crops in Uganda 772 355 228 583 Dec 2014 772 355 228 583

Subtotal Challenge Programs - W3 947 355 386 741

Restricted - Bilateral

Asociación Pataz Evaluacion y seleccion de clones mediante la seleccion varietal participativa usando May 2011 - 1100-AP00 37 28 0 28 el diseño Mama & BB Feb 2018 37 28 0 28 Australian Centre for International Agricultural Research (ACIAR) - South Australian Research and Development Institute (SARDI) Improvement and sustainability of sweetpotato-pig production systems to support Jan 2009 - 1055-ACIA 721 768 0 768 livelihoods in highlands Papua, Indonesia Mar 2014 721 768 0 768 Bill and Melinda Gates Foundation Aug 2009 - Jul 1059-BMGF Sweetpotato Action for Security & Health in Africa (SASHA) 22,550 19,783 2,789 22,572 2014 May 2012 - 1131-BMGF GCE R8:Plant virus elimination by inducing RNA silencing in-vitro. 100 73 27 100 Apr 2014 Nov 2012 - 1143-BMGF GCE R9: Non-protein-based resistance to sweetpotato weevils 100 53 47 100 Apr 2014 22,750 19,909 2,863 22,772 Bill and Melinda Gates Foundation - Lake Zone Agricultural Research and Development Institute (LZARDI) Apr 2013 - 1197-LZAR Support to Increase sweetpotato productivity for improved food security 323 21 145 166 Apr 2016 323 21 145 166 Bioforsk (Plant Health and Plant Protection) Plant virus elimination by inducing RNA silencing and other defense resposes in Jan 2012 - 1129-BIOF 9 9 6 15 vitro Dec 2013 9 9 6 15 Branston LTD - Dr. David Nelson Jan 2012 - 1032-BLT0 Potato Park 34 16 0 16 Dec 2013 34 16 0 16

International Potato Center Audited Financial Statements December 31, 2014

Restricted Grant Revenue Exhibit 2 Year Ended 31 December 2014 (US$ 000) Grant Period Grant Pledge Prior Year Current Year Total DONORS & PROJECTS Canadian International Development Agency (CIDA) Integrating genomics assisted breeding and novel selection methods for enhancing Apr 2011 - 1106-CIDA 225 119 68 187 application and uptake of potato technologies in South Asia Mar 2014 225 119 68 187

CGIAR - Systemwide Livestock Program - International Livestock Research Institute (ILRI) Enhancing food security through improved systems and varieties of Cassava, Potato Jan 2011 - Jun 1094-ILRI 40 40 1 41 and Sweet Potato resilient to climate change in East Africa 2014 40 40 1 41 European Commission - International Fund for Agricultural Development (IFAD) Fortalecimiento de la Innovación agrícola pro-pobre para la seguridad alimentaria Apr 2011 - 1099-IFAD 6,400 5,353 968 6,321 en la región andina Jun 2014 6,400 5,353 968 6,321 European Commission - Universite Cathilique de Louvain Valorizing Andean microbial diversity through sustainable intensification of potato- Feb 2009 - 1050-UCL0 360 338 21 359 based farming system Feb 2014 360 338 21 359

Federal Ministry of Agriculture and Rural Development Jan 2014 - 1218-NFM0 Nigeria SweetPotato 1,245 - 406 406 Dec 2015 1,245 - 406 406 Global Crop Diversity Trust Jan 2011 - 1125-GCDT Sweetpotato Long Term Grant 1,327 612 212 824 Dec 2017

Sustainable use of potato crop wild relatives (CWR) and development of a pre- Dec 2013 - 1217-GCDT 547 - 114 114 breeding core collection with key climate change-related traits Dec 2016 1,874 612 326 938 Gobierno de España Aug 2004 - 1005-INI0 Programa de formación de Doctores 2,162 1,814 21 1,836 Dec 2013 2,162 1,814 21 1,836 Government of Austria - Austrian Development Cooperation Soil fertility and soil health: Critical factors in improving livelihoods and Apr 2010 - Jan 1072-ADA0 657 517 139 656 productivity in small-scale potato based farming systems in Ethiopia and Uganda 2014 Improving food security & nutrition of rural people in Nepal & Bhutan through Jul 2012 - 1121-ADA0 646 264 225 489 collaborative potato breeding for yield stability & micronutrient density. Jul 2015 1,302 781 363 1,145 Government of Belgium Enhancing the nutrient-rich Yam Bean to improve the food quality and availability Jan 2009 - Jun 1041-FPS0 and sustainability of farming systems in Central and West Africa - Yam-bean, 5,456 5,123 100 5,223 2014 Central and West Africa 5,456 5,123 100 5,223 Government of Finland Sep 2011 - 1116-MFA0 The Financing of the "Seed Potato Development Project in Tanzania" - 2011-2014 3,235 1,531 1,438 2,969 Nov 2014 3,235 1,531 1,438 2,969 Government of Germany - Federal Ministry for Economic Cooperation and Development (BMZ) and German Technical Cooperation (GTZ) Predicting climate change induced vulnerability of African agricultural systems to Mar 2010 - 1073-GIZ0 major insect pests through advanced insect phenology modeling, and decision aid 1,574 1,491 83 1,573 Jun 2014 development for adaptation planning Jan 2014- Dec 1188-GIZ0 GIZ Genebank Support 548 - 531 531 2014 Improved Soil Fertility Management for Sustainable Intensification in Potato Based Apr 2014- 1220-GIZ0 1,463 - 350 350 Systems in Ethiopia and Kenya Mar 2017

Improved potato varieties and water management technologies to enhance water Dec 2011 - 1118-GIZ0 use efficiency, resilience, cost-effectiveness, and productivity of smallholder farms 1,566 769 570 1,338 Feb 2015 in stress 5,152 2,259 1,534 3,793

International Potato Center Audited Financial Statements December 31, 2014

Restricted Grant Revenue Exhibit 2 Year Ended 31 December 2014 (US$ 000) DONORS & PROJECTS Grant Period Grant Pledge Prior Year Current Year Total

Government of Germany - The International Centre of Insect Physiology and Ecology (ICIPE) Expanding the rational and biological control of invasive Liriomyza leafminer flies Apr 2010 - 1082-ICIP 216 200 15 216 to major horticultural production system of East Africa Mar 2014 Development and implementation of a sustainable IPM and surveillance program 1194-ICIP for the invasive tomato leaf miner, Tuta absoluta (Meyrick), in North and sub- Jun 2013- Mar 272 19 88 108 Saharan Africa 2016 489 220 104 323

Government of Odisha Dec 2013 - 1225-GOO0 Generating advances in Income and Nutrition through sweetpotato (GAINS) 1,500 - 216 216 Dec 2017 1,500 - 216 216 Government of Peru Mejora en los sistemas productivos de papa y trigo a través de variedades con Jul 2009 - Dec 1057-MAP0 150 136 14 150 tolerancia a la sequia. 2013 Jan 2012 - 1126-MAP0 Impacto económico de las variedades mejoradas de papa en el Perú. 108 99 9 108 Dec 2013 Innovación y generación de capacidades en mejoramiento genético de papa ante Jan 2012 - 1127-MAP0 154 117 37 154 factores adversos de creciente importancia regional. Dec 2014 Validar y aplicar tecnologías de manejo integrado de plagas MIP para mejorar la Jan 2012 - 1140-MAP0 50 41 9 50 inocuidad en el cultivo de papa Dec 2013 462 392 69 462

Government of The Republic of Korea Oct 2011 - Jan 1119-RDA0 Activities of RDA seconded scientist Dr.Min Kwon for 2012 339 216 101 317 2014 Development of Sweetpotato lines with high resistance to environment stresses Jun 2014 - 1228-RDA0 120 - 9 9 against globla warming May 2017 International Workshop on Potato Late Blight R&D Coordination-First Steps toward Oct 2014- Dec 1233-RDA0 35 - 37 37 Asia blight 2014 494 216 147 363

Interamerican Development Bank (IDB) - Fondo Regional de Tecnología Agropecuaria (FONTAGRO) La sustitución de los insecticidas en el cultivo de la papa: mejoramiento en la Jul 2013 - Jul 1195-IADB coordinación inter-institucional para la diseminación y análisis del impacto de un 40 18 21 39 2014 nuevo Manejo Integrado de Plagas (MIP) en la zona andina del Perú. 40 18 21 39 International Fertilizer Development Center ( IFDC ) Jul 2014 - Oct 1229-IFDC Potato, pests, diseases, nematodes and insects 43 - 43 43 2014 43 - 43 43 International Fund for Agricultural Development (IFAD) Root And Tuber Crops Research and Development Programme for Food Security in Mar 2011 - 1098-IFAD 1,450 1,302 98 1,400 the Asia and Pacific Region Sep 2014 1,450 1,302 98 1,400 Irish Aid Rooting out hunger in Southern Malawi with nutritious Orange-fleshed Nov 2009 - 1068-IAI0 2,237 1,681 420 2,101 sweetpotato for the benefit of women and children Mar 2014 Alleviation of Food Insecurity and Malnutrition in Tigray, Ethiopia, through Dec 2010 - 1088-IAI0 599 587 12 599 promotion of potato and sweetpotato Oct 2014 Phase II Potato Project:Improving Food Security through Enhanced Potato May 2012 - 1136-IAI0 2,100 842 631 1,473 Productivity, Technology Develoment and Supply Chain in Malawi Mar 2016 Nutritious Orange-fleshed Sweetpotato for Niassa: Combatting Food Insecurity & Nov 2012 - 1147-IAI0 2,115 567 432 999 Vitamin A Deficiency Through Effective Delivery of A Biofortified Crop. Mar 2016 Linking agriculture and health: Alleviation of food insecurity and malnutrition in Nov 2012 - 1148-IAI0 233 201 32 233 SNNPR,Ethiopia, through promotion of potato and sweet potato. Oct 2014 Scaling out sweet-potato and potato-led interventions to improve nutrition and Nov 2013 - 1209-IAI0 1,783 33 840 873 food security in Tigray and SNNPR, Ethiopia Dec 2014 9,068 3,912 2,367 6,278 Julius Kuhn Institut Jan 2012 - 1130-JKI0 Characterization and impact of yam bean mosaic virus 43 16 27 43 Feb 2014 43 16 27 43

Konya Seker Sanayi ve Ticaret A.S. Mar 2014 - 1227-KSST Aeroponic Module in Konya, Turkey 16 - 16 16 May 2014 16 - 16 16

International Potato Center Audited Financial Statements December 31, 2014

Restricted Grant Revenue Exhibit 2 Year Ended 31 December 2014 (US$ 000) DONORS & PROJECTS Grant Period Prior Year Current Year Total

Michigan State University Outcomes of Crop Germplasm Improvement Research: Potato and Sweetpotato Jun 2014 - 1231-MSU0 313 - 1 1 Varietal Release and Adoption in Asia Nov 2015 313 - 1 1 National Science Foundation (NSF) - The Boyce Thompson Institute for Plant Research BREAD: Determining the Pan-African sweet potato virome: understanding virus 1109-BTI0 diversity, distribution, and evolution and their impacts on sweet potato production Jul 2011 - Jun 326 267 46 313 in Africa 2014 326 267 46 313 Swiss Agency for Development and Cooperation (SDC) MPP- International backstopping support for Potato Seed Production Systems - Jun 2012 - 1139-SDC0 82 39 28 67 Mongolia Dec 2015 82 39 28 67 Syngenta Crop Protection AG Abiotic Stress Management in potato and maize for improving crop health and yield Oct 2012 - 1146-SCPA potential by reducing abiotic and biotic stresses through innovative seed 473 176 206 382 Dec 2015 treatments. Improve the potato productivity by new seed technology and better on-farm seed Mar 2013 - 1203-SCPA 1,000 21 342 363 management Dec 2016 1,473 197 548 744 Syngenta Foundation for Sustainable Agriculture The evaluation and selection of heat and drought tolerance of CIP potato Jan 2014 - 1221-SFSA 500 - 177 177 germplasm Dec 2016 500 - 177 177 The Beira Agricultural Growth Corridor (BAGC) Improving livelihoods of resource poor farmers through capacity building, Jan 2013 - 1151-BAGC participatory technology development and improved market linkages in the Beira 460 222 273 495 Dec 2014 Corridor. 460 222 273 495 The International Development Research Centre (IDRC) - Universidad Nacional de Colombia Improving Potato Production for Increased Food Security of Indigenous May 2013 - 1153-UNC0 233 61 168 229 Communities in Colombia Jun 2014 233 61 168 229 The McKnight Foundation Dec 2013 - 1212-MFO0 Training Project: Understanding Potato Seed degeneration in Ecuador 108 26 5 31 Nov 2014 108 26 5 31 The OPEC Fund for International Development Improving /rapid Multiplication Techniques for Enhancing Potato seed Production Sep 2013 - 1200-OFID 159 15 137 152 to Improve Food Security in the Andes Aug 2014 159 15 137 152 The World Vegetable Center (AVRDC) Improving income and nutrition in Eastern and Southern Africa by Enhancing Mar 2013 - 1224-WVC0 35 - 14 14 Vegetable-based farming and food systems in peri-urban corridors (VINESA) Aug 2015 35 - 14 14 Virginia Polytechnic Institute and State University (Virginia Tech) Strengthening Impact Assesstment in the CGIAR: New Partnerships for Building Feb 2014- 1234-VPI0 40 - 0 0 Impact Assessment Capacity Dec 2015 40 - 0 0 United States Agency for International Development (USAID) Restricted USAID Contribution: Development of late blight-resistant potato and Jan 2012 - Apr 1167-USAI 1,783 233 81 314 weevil-resistant sweetpotato 2015 Wealth creation through Integrated development of the potato production and Oct 2009 - 1173-USAI 300 119 227 346 marketing sector in Kenya, Uganda, and Ethiopia Sep 2014 2,083 352 308 660 Subtotal Restricted - Bilateral 70,741 45,977 13,075 59,052

Challenge Programs - Bilateral Harvest Plus Jan 2004 - 1001-CIAT Improving Micronutrient Content of Potato for Reduced Malnutrition 1,035 988 82 1,070 Dec 2014 Feasibility Study for Fast Quality Screening in Harvest Plus by Near Infrared Apr 2006 - 1012-CIAT 751 761 (10) 751 Reflectance Spectroscopy (NIRS) Dec 2013 1,786 1,749 72 1,821 Bioversity International (IPGRI) Expanding the GCP Crop Ontology within the Community of Practice and partners Mar 2014 - 1216-IPGR 10 - 10 10 to integrate data sets for the GCP priority crops through the Integrated Jun 2014 10 - 10 10

Subtotal Challenge Programs - Bilateral 1,796 1,749 82 1,831 Total Restricted Projects 257,526 136,526 66,819 203,344

International Potato Center Audited Financial Statements December 31, 2014

Property, Plant and Equipment Exhibit 3 Year Ended 31 December 2014 (US$ 000)

2014 2013 Physical Infraestructure Furnishing Intangible Facilities and Leasehold and Equipment Assets Total

I. COST Balance: January 1 1,143 2,639 16,705 990 21,477 19,766 Current Period: Additions 55 63 998 - 1,116 1,397 Transfers - - - - - (574) Other - - (98) - (98) - Disposals - - (67) - (67) (149) Fixed Assets in progress 64 207 322 - 593 1,037 Balance: December 31 1,262 2,909 17,860 990 23,021 21,477

II. ACCUMULATED DEPRECIATION Balance: January 1 (785) (735) (13,564) - (15,084) (14,091) Current Period: - Other - - (131) - (131) - Additions (236) (94) (1,443) (132) (1,905) (1,127) Disposals - - 49 - 49 134 - Balance: December 31 (1,021) (829) (15,089) (132) (17,071) (15,084)

III. NET BOOK VALUE 241 2,080 2,771 858 5,950 6,393

International Potato Center Audited Financial Statements December 31, 2014

Property, Plant and Equipment – Unrestricted Exhibit 3 (a) Year Ended 31 December 2014 (US$ 000)

2014 2013 Physical Infraestructure Furnishing Intangible Facilities and Leasehold and Equipment Assets Total

I. COST Balance: January 1 702 2,049 11,478 990 15,219 14,046 Current Period: - Additions 55 12 593 - 660 859 Transfers - - - (574) Others (98) (98) - Disposals - (67) - (67) (149) Fixed Assets in progress 64 207 322 593 1,037 Balance: December 31 821 2,268 12,228 990 16,307 15,219

II. ACCUMULATED DEPRECIATION Balance: January 1 (344) (145) (8,337) - (8,826) (8,371) Current Period: - Other - - (131) - (131) Additions (236) (43) (1,038) (132) (1,449) (589) Disposals - - 49 - 49 134 - Balance: December 31 (580) (188) (9,457) (132) (10,357) (8,826)

III. NET BOOK VALUE 241 2,080 2,771 858 5,950 6,393

Note: Fixed Assets in progress contains:

Works in progress for the remodeling of IT offices and installation of Fire Alarm system. Additionally, other imported laboratory equipment was in transit by the date of preparation of this report

International Potato Center Audited Financial Statements December 31, 2014

Property, Plant and Equipment - Restricted Exhibit 3 (b) Year Ended 31 December 2014 (US$ 000)

2014 2013 Physical Infraestructure Furnishing Intangible Facilities and Leasehold and Equipment Assets Total

I. COST

Balance: January 1 441 590 5,227 - 6,258 5,720 Current Period: Additions 51 405 - 456 538

Balance: December 31 441 641 5,632 - 6,714 6,258

II. ACCUMULATED DEPRECIATION Balance: January 1 (441) (590) (5,227) - (6,258) (5,720) Current Period: Additions (51) (405) - (456) (538)

Balance: December 31 (441) (641) (5,632) - (6,714) (6,258)

III. NET BOOK VALUE ------

International Potato Center Audited Financial Statements December 31, 2014

Schedule of Direct and Indirect Cost Rates Exhibit 4 Year Ended 31 December 2014 (US$ 000)

2014 2013

Direct Costs: Research Costs 36,031 33,072 Subagreement Costs - Collaborator Others 7,960 7,061 Sub Total Direct Research Costs 43,991 40,133 CRP Collaborator Costs - CGIAR Centers (1) 18,579 17,306 Total Research Costs 62,570 57,439

Indirect Costs: Management 6,229 6,602 Subagreement Management Costs 398 356 Unallocable Indirect Costs (1) Total Indirect Costs 6,627 6,957

Total Operating Expenses 50,618 47,090

Cost Ratios (1) Direct Research Costs / Total Operating Expenses 86.9% 85.2% Total Indirect Costs / Total Operating Expenses 13.1% 14.8% Actual Indirect / Direct Research Costs 17.3% 20.0% Actual Subagreement Management/Subagreement 5.0% 5.0% Total Indirect Costs / Total Direct Research Costs 15.1% 17.3%

(1) The cost category " CRP Collaborator Costs - CGIAR Centers " is excluded from this calculation.

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Dryland Systems – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 144 - - 144 Collaborators Costs - CGIAR Centers - - - - Collaborator Costs - Partner - - - - Supplies and Services 183 - - 183 Operational Travel 40 - - 40 Depreciation - - - - Sub-total of Direct Costs 367 - - 367 Indirect Cost 63 - - 63 TOTAL - All Costs 430 - - 430

CGIAR Research Program Dryland Systems – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance (191)

Cash Receipts from Lead Center 422

Disbursements (430)

Closing Balance (199)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Humid Tropics – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 231 - 1 232 Collaborators Costs - CGIAR Centers - - - - Collaborator Costs - Partner 95 - 136 231 Supplies and Services 261 - 1 262 Operational Travel 62 - - 62 Depreciation - - - - Sub-total of Direct Costs 649 - 138 787 Indirect Cost 108 - - 108 TOTAL - All Costs 757 - 138 895

CGIAR Research Program Humid Tropics – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance 17

Cash Receipts from Lead Center 488

Disbursements (757)

Closing Balance (252)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Policies, Institutions & Markets – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 306 - 121 427 Collaborators Costs - CGIAR Centers - - - - Collaborator Costs - Partner - - 174 174 Supplies and Services 320 - 200 520 Operational Travel 73 - 11 84 Depreciation - - - - Sub-total of Direct Costs 699 - 506 1,205 Indirect Cost 162 - 24 186 TOTAL - All Costs 861 - 530 1,391

CGIAR Research Program Policies, Institutions & Markets – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance (205)

Cash Receipts from Lead Center 797

Disbursements (861)

Closing Balance (269)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Roots, Tubers & Bananas – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 3,510 3,248 3,119 9,877 Collaborators Costs - CGIAR Centers - - - - Collaborator Costs - Partner 399 2,494 2,428 5,321 Supplies and Services 4,429 2,942 2,923 10,294 Operational Travel 560 820 707 2,087 Depreciation 60 310 238 608 Sub-total of Direct Costs 8,958 9,814 9,415 28,187 Indirect Cost 1,503 1,409 1,249 4,161 TOTAL - All Costs 10,461 11,223 10,664 32,348 CGIAR Cost Sharing Percentage (CSP) - - 62 62 Total Costs 10,461 11,223 10,726 - 32,410

CGIAR Research Program Roots, Tubers & Bananas – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance -

Cash Receipts from Lead Center 10,461

Disbursements (10,461)

Closing Balance -

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Agriculture for Nutrition & Health – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 93 495 216 804 Collaborators Costs - CGIAR Centers - - - - Collaborator Costs - Partner 49 1,123 153 1,325 Supplies and Services 209 329 193 731 Operational Travel 46 77 44 167 Depreciation 4 38 - 42 Sub-total of Direct Costs 401 2,062 606 3,069 Indirect Cost 60 239 69 368 TOTAL - All Costs 461 2,301 675 3,437 CGIAR Cost Sharing Percentage (CSP) - - 3 3 Total Costs 461 2,301 678 - 3,440

CGIAR Research Program Agriculture for Nutrition & Health – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance -

Cash Receipts from Lead Center 446

Disbursements (461)

Closing Balance (15)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Water, Land & Ecosystems – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 189 35 - 224 Collaborators Costs - CGIAR Centers - - - - Collaborator Costs - Partner 96 41 - 137 Supplies and Services 106 40 - 146 Operational Travel 14 10 - 24 Depreciation - - - - Sub-total of Direct Costs 405 126 - 531 Indirect Cost 56 19 - 75 TOTAL - All Costs 461 145 - 606

CGIAR Research Program Water, Land & Ecosystems – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance (79)

Cash Receipts from Lead Center 378

Disbursements (461)

Closing Balance (162)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Climate Change, Agriculture & Food Security – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Other Window 1 Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding & 2 Funding Personnel 594 11 38 27 670 Collaborators Costs - CGIAR Centers - - - - - Collaborator Costs - Partner 227 - 41 60 328 Supplies and Services 440 27 38 59 564 Operational Travel 83 14 10 50 157 Depreciation - - - - - Sub-total of Direct Costs 1,344 52 127 196 1,719 Indirect Cost 229 9 19 1 258 TOTAL - All Costs 1,573 61 146 197 1,977

CGIAR Research Program Climate Change, Agriculture & Food Security – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Other Windows 1 & 2 Total Opening Balance (750) (9) (759)

Cash Receipts from Lead Center 1,342 56 1,398

Disbursements (1,573) (61) (1,634)

Closing Balance (981) (14) (995)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Genebanks – Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 1,393 138 1,531 Collaborators Costs - CGIAR Centers - - - Collaborator Costs - Partner - - - Supplies and Services 1,514 388 1,902 Operational Travel 63 12 75 Depreciation 154 118 272 Sub-total of Direct Costs 3,124 656 3,780 Indirect Cost 577 77 654 TOTAL - All Costs 3,701 733 4,434 CGIAR Cost Sharing Percentage (CSP) - 10 10 Total Costs 3,701 743 - 4,444

CGIAR Research Program Genebanks – Funding Report Year Ended 31 December 2014 (US$ 000)

Description Windows 1 & 2 Opening Balance (1,810)

Cash Receipts from Lead Center 3,874

Disbursements (3,701)

Closing Balance (1,637)

International Potato Center Audited Financial Statements December 31, 2014

CGIAR Research Program Roots, Tubers & Bananas – Lead Center Expenditure Report Exhibit 5 Year Ended 31 December 2014 (US$ 000)

Bilateral Natural Classification Window 1 & 2 Window 3 Center Funds Total Funding Funding Personnel 4,264 3,248 3,119 10,631 Collaborators Costs - CGIAR Centers 18,579 - - 18,579 Collaborators Costs - Partners 759 2,544 2,428 5,731 Supplies and Services 4,950 2,946 2,923 10,819 Operational Travel 730 820 707 2,257 Depreciation 60 310 238 608 Sub-total of Direct Costs 29,342 9,868 9,415 48,625 Indirec Cost 1,772 1,409 1,249 4,430 TOTAL 31,114 11,277 10,664 53,055 CGIAR Cost Sharing Percentage (CSP) - - 62 62 TOTAL + CSP 31,114 11,277 10,726 53,117

CGIAR Research Program Roots, Tubers & Bananas – Lead Center Funding Report Year Ended 31 December 2014 (US$ 000)

Description Total Opening Balance held by Lead Center 3,593 Cash Receipts from Consortium 36,317 Disbursements: Bioversity 6,443 CIAT 4,892 CIMMYT CIP 13,067 IITA 6,815 Total Disbursements 31,217 Closing Balance held by Lead Center 8,693

Financial Statements For the year ended 31 December 2014 CENTER POTATO INTERNATIONAL