CGIAR Financial Report 2011 This detailed report on the financial performance of the CGIAR Centers in 2011 is based on their audited financial statements. This reportwas produced through a joint collaborative effort between IRRI, the CGIAR Consortium Office and the Fund Office . The IRRI team was led by Norman A. Macdonald and included Sunil Kumar Jhunjhunwala, Melba M. Aquino, and Ronnie Florece. Contents INTRODUCTION .................................................................................................... 4 Reading the Tables in this report ..................................................................................................................... 5 Financial Outcome ........................................................................................................................................... 7 Background ...................................................................................................................................................... 7 Overall Financial Outcome ............................................................................................................................... 8 FUNDING ............................................................................................................ 12 AGENDA RESOURCES .......................................................................................... 18 By Object of Expenditure ............................................................................................................................... 18 CGIAR Expenditure Over 39 Years ................................................................................................................. 18 FINANCIAL POSITION .......................................................................................... 19 Net Assets ...................................................................................................................................................... 20 Unrestricted Net Assets ................................................................................................................................. 21 Net Fixed Assets ............................................................................................................................................. 22 Liquidity .......................................................................................................................................................... 23 Current Ratio .................................................................................................................................................. 24 Adequacy of Reserve Indicator ...................................................................................................................... 25 Indirect Cost Ratio .......................................................................................................................................... 26 Glossary of Terms........................................................................................................................................... 56 1 Tables Included Table 1 : CGIAR Results and Highlights Table 2 : CGIAR Fund: Statement of Receipts, Disbursements and Fund Balance Table 3 : Consortium of CGIAR Centers: Schedule of Receipts and Utilization Table 4 : CGIAR Program Highlights (Summary, details in Annex) Table 5 : Financial Results by Center Table 6 : CRPS Table 7 : Summary of Challenge Programs Table 8 : CGIAR System Financial Position (Consolidated Balance Sheet) Annex Tables: 1.1 CGIAR Grant Income for the Approved Research Agenda by Donor 1.2 CGIAR Grant Income for the Approved Research Agenda by Center 2.1 CGIAR Funding by Donor Unrestricted/Restricted 2011 2.2 CGIAR Modality of Funding (by Windows) 2011 2.3 Unrestricted Funding by Donor and Center 2011 2.4 Restricted Funding by Donor and Center 2011 2.5 Breakdown of Other Donors 2011 3.1 CGIAR Expenditure by Center 3.2 Centers’ Research Agenda Expenditure by Object 3.3 Centers’ Research Agenda Expenditure by Region 3.4 Centers’ Staffing 4.1 Centers’ Financial Position (Balance Sheet) 4.2 Additions to Property, Plant and Equipment by Center 5.1 CGIAR Expenditure 6.1 Africa Rice Program Highlights 6.2 Bioversity Program Highlights 6.3 CIAT Program Highlights 6.4 CIFOR Program Highlights 6.5 CIMMYT Program Highlights 6.6 CIP Program Highlights 6.7 ICARDA Program Highlights 6.8 ICRISAT Program Highlights 6.9 IFPRI Program Highlights 6.10 IITA Program Highlights 6.11 ILRI Program Highlights 6.12 IRRI Program Highlights 6.13 IWMI Program Highlights 6.14 World Agroforestry Program Highlights 6.15 World Fish Program Highlights 2 Figures included: Figure 1: Total Revenue Figure 2: Agenda Funding by Donor Group Figure 3: Funding by Center and Donor Group Figure 4: Analysis of Center Revenue by CRP, non-CRP and other Figure 5: Expenditure by Cost Category Figure 6: Net Assets by Center Figure 7: Unrestricted Net Assets excluding Fixed Assets by Center Figure 8: Net Fixed Assets by Center Figure 9: Donor Receivables by Center as a percentage of Funding 2011 Figure 10: Current Ratio for last five years Figure 11: Current Ratio by Center 2011 Figure 12: Adequacy of Reserves by Center in Days Figure 13: Indirect Cost Ratio by Center 3 Introduction The context of the CGIAR’s research is changing, and to overcome these new challenges and exploit the new opportunities presented, the CGIAR has undertaken a reform process. CGIAR Research Programs (CRPs), of which fifteen are proposed, are now the main organizational mechanism for planning and conducting research. The first two CRPs were launched in January 2011: Climate Change, Agriculture and Food (CCAFS) and Rice. A further three were launched mid-way through the year: Aquatic Agricultural Systems, Maize and Forests, Trees and Agroforestry. All of the Centres have been involved to some extent in these programs, but not all of their activities have yet been captured within these programs. CRPs represent a new programmatic-based approach to doing research; through the leadership of a designated Centre, the implementation of the program is achieved through collaboration between partners both inside and outside of the CGIAR network. Just as CRPs represent a new way of working, so do they entail a new system of funding; donors now have the option of supporting CGIAR work through contributing to the CGIAR fund as well as bilateral funding. The CGIAR Fund is a new multi-donor, multi-year funding mechanism that provides strategic financing to support agricultural research. It finances research aligned with the Strategy and Results Framework developed by the Consortium of CGIAR-supported Centers and endorsed by the Funders Forum to establish common goals, objectives and results for the CGIAR partnership. Donors contributing to the Fund may designate their resources to one or more of three funding “Windows”:  Window 1 - Contributions to Window 1 are received without donor restrictions. The Fund Council sets overall priorities and makes specific decisions about the use of Window 1 Funds such as allocation to CGIAR Research Programs (CRPs), payment of System Costs and any other use required to achieve the CGIAR mission;  Window 2 – Contributions to Window 2 are designated by Fund Donors to one or more specific CRPs. Once Window 2 funds are allocated to a given CRP, they flow to the Lead Center implementing the CRP;  Window 3 – Window 3 contributions consist of funds that Fund Donors wish to allocate to specific Centers. Neither the Consortium nor the Fund Council make decisions about the use of Window 3 funds. Within 2 years after the CGIAR Fund’s establishment, the Fund Council will review the use of Window 3 in consultation with the Consortium Board. The CGIAR Fund was the major donor of the centres, financing 45% of total CRP activities during the year, and over 25% of all Center activities. 4 Reading the Tables in this report The CGIAR Financial Report for 2011 is presented in a different format to previous years, reflecting the change in the nature of how research is now done within the system. Some tables have remained the same as those presented in previous years, but others (primarily those giving information on funding) have changed, the biggest changes being  The CGIAR Fund (Windows 1/2) now appears as the largest donor to the system. Donors make their contribution to the CGIAR fund, where there monies are co-mingled in Windows 1 and 2, and the fund is then shown as the donor to the Center. (For consistency, the Challenge Program funding has been reported in the same way). Window 3 is the only Fund Window that gives a direct link between Donor and Center.  Research was previously Center-focused, and the tables shown in this report reflected that. Research is now Program-focused, and although we still include tables showing Center information, we have added tables based on CRPs. 2011 is a transition year; CRPs will form the majority of the research agenda in 2012, and the CGIAR fund will grow; the tables included in this report will also continue to evolve to reflect the changing reality. Contributions to the CGIAR fund are shown on a cash basis; so long as the monies have been received, the full amount is shown as a receipt in Table 2 (which shows Donor contributions to the different Windows). Centers, however, report on an accruals basis; this means that they only book as much revenue as they have earned. Funding flows rarely reflect work flows, and there can be substantial differences between the amount that a donor has given to a center, and the amount that they have recognised as revenue in their financial statements. (The difference is shown as a liability, or deferred income).1 Apart from Tables 2 and 3, which give information on the CGIAR Fund only, the financial information in this report has been prepared based on the Centers’ financial statements (i.e., on the accruals basis). 1 The biggest differences can be observed in Window 3 contributions. Table 3 shows that the total given by donors through Window 3 to Centers during 2011 is $61.7 million. Table 3 also shows that of this amount, only $15.8 million has been recognised in the financial statements of the Centers for this year, and the Annex Tables (which are compiled as a summary of the Centers Financial Statements) reflect the latter figure. 5 Table 1 shows an overview of the financial results for CGIAR for 2011 and 2010. Table 2, headed “CGIAR Fund: Statement of Receipts, Disbursements and Fund Balance”, shows donors who have contributed to the CGIAR fund. Some of these donors have also contributed directly to the Centers via Bilateral funding or through the Challenge Programs. Bilateral funding is shown in the Annex Tables. Table 3, headed “Consortium of CGIAR Centers: Schedule of Receipts and Utilization”, shows the payments from the CGIAR fund to the Centers, and how much of those monies have been utilized and booked as revenue. Table 4, headed “CGIAR Program and Highlights” shows the consolidated Statement of Activity for all of the Centers, including Challenge Programs and Systems Entities. Table 5 analyses the summarized information in Table 4 by Center. Table 6 gives information specifically about CRPs and how Centers have been involved in this work. Table 7 gives information on the Challenge Programs; the Challenge Programs were the pre-cursors of the CRPs, and their work will largely be absorbed into the CRP agenda in future years. Table 8 shows the summarized Statement of Financial Position The annex tables provide summary information based on the financial statements from the Centers. The revenue shown in these tables has been booked on an accruals basis, and may differ from the amount paid during the year by the donor . 6 Financial Outcome Total System2 revenues in 2011 amounted to $735 million, an increase of $39 million (5.6%) in comparison to $696 million in 2010. Expenditure in 2011 was $707 million, an increase of $50 million (7.6%) over 2010. The overall net result was a surplus of $28 million. Table 1 summarizes the actual outcomes for 2011 and 2010. Table 4 shows the CGIAR program and resource highlights for 2011 as well as for the previous four years. Background The financial statements were reviewed and aggregated according to fiduciary management and reporting standards approved by the CGIAR to guide the Centers in these areas. Additional information on financial compliance is in Box 1. Box 1: Compliance with Financial Guidelines (FGs) To ensure transparency and consistency in financial practices and the presentation of financial information, the 15 Centers of CGIAR are required to follow financial guidelines issued by the Consortium. Developed with input from Center finance personnel and external experts, these guidelines bring the CGIAR’s fiduciary practices into conformity with relevant international standards. As part of the annual review of substantive financial performance, a peer group of Centers’ finance and internal audit professionals reviewed the Centers’ externally audited 2011 financial statements to assess their compliance with CGIAR accounting policies and reporting guidelines, as well as to validate the analysis underpinning the CGIAR financial report. All Centers’ financial statements received an unqualified audit opinion. 2 The CGIAR System comprises the 15 member Centers, CGIAR Research Programs, Challenge Programs and System entities. 7 Overall Financial Outcome A summary of the CGIAR program outcome for 2011 and 2010 is shown in Table 13. Table 1 CGIAR Results and Highlights ($ million) 2011 2010 Revenue CRPs Non-CRPs CGIAR Fund Windows 1&2 95 83 CGIAR Fund Window 3 2 14 Bilateral 124 357 221 454 Total Center Grant Income 675 626 Systems Entities 9 17 Challenge Program Partners 29 30 Total Grant Income 713 673 Center Own Income 22 23 Total Revenue 735 696 Expenditure CRPs 221 Center Own Programs 486 657 Total Expenditure 707 657 Net Result 28 39 3 Revenue for CRP activities may be reported in more that one Center, where Centers are partners in research. In all of the following tables, CRP revenues have been eliminated from the lead Center, so that the revenue appears only in the reports of the Center doing the work. 8 Table 2: CGIAR FUND Statement of Receipts, Disbursements and Fund Balance as of December 31, 2011 $ (million) Total CGIAR Window 1 Window 2 Window 3 Provisional Fund Australia 6 .9 6.9 Bangladesh * 0 .1 0.1 BMGF 1 .5 2 9.9 3 1.4 China * 0 .1 1 .5 1.6 Denmark 5 .5 5.5 Finland * 1 .3 1 .3 1 .3 3.8 France 1 .7 1.7 IDRC 1 .5 1.5 Ireland 1 .3 1 .3 2.6 Italy 1 .1 0 .9 1.9 Korea 0 .3 0.3 Luxembourg 0 .8 0.8 Morocco † 0 .5 0.5 Netherlands 5 .4 2 .5 7.9 New Zealand 2 .0 2.0 Nigeria 0 .3 0 .1 0.4 Norway 1 9.9 1 9.9 Portugal 0 .2 0 .3 0.1 0.6 Russia 1 .5 1 .5 5.5 8.5 South Africa * 0 .1 0 .4 0.5 Spain 0 .5 0.5 Sweden 2 3.9 9 .5 3 3.4 Switzerland 5 .9 4 .6 3 .1 1 3.6 Thailand * 0 .1 0.1 Turkey 0 .5 0.5 UK 8 6.9 1 6.4 1 03.3 USA 0 .5 1 7.7 9 .0 6.4 3 3.6 World Bank 100.0 1 00.0 Total 2011 Funding 254.0 52.5 64.9 1 2.0 3 83.5 Disbursements CRPs 5 8.4 3 0.2 8 8.6 Genebanks 1 3.1 1 3.1 Funding Stability 8 2.6 8 2.6 Other 6 1.7 6 1.7 Disbursements to Centers 154.1 30.2 61.7 - 246.0 System Costs 5 .5 5.5 Windows 1/2 total disbursements - see Table 3 189.8 61.7 - 2 51.5 Fund Balance 94.4 22.3 3.2 12.0 132.0 NB: This table shows only contributions to the CGIAR Fund. Many of the above donors have also contributed to the Challenge Programs, and/or made bilateral contributions directly to the Centers. * Funds received, CA in process † W3 Funds not received, CA signed Table 2 shows donor contributions received by the CGIAR Fund. This being a co-mingled Fund, the disbursements are shown by activity/program and not broken down by donors. It is not possible to show each donor’s share in the disbursements to the program. Note also that, in accordance with good financial management practices, the Fund is purposefully never entirely drawn down (specifically Window 1), to ensure that the Fund has resources available in case of emergency. 9 Table 3: Consortium of CGIAR Centers Schedule of Receipts and Utilization as of December 31, 2011 in US $ millions Disbursed Utilization Balance held from CGIAR (Amounts by Center Fund Spent) Windows 1 & 2 CRP 1.3 Aquatic Systems 3.9 2.6 1.3 CRP 3.2 Maize 6.1 3.4 2.7 CRP 3.3 GRiSP 31.3 3 4.5 (3.2) CRP 6 Forests 11.1 1 1.1 - CRP 7 CCAFS 36.2 3 1.6 4.6 Genebank 13.1 1 1.8 1.3 Funding Stability 82.6 8 3.2 (0.6) Systems Offices 5.5 7.5 (2.0) Total 1 89.8 185.7 4.1 Window 3 (by donor) Australia 6.8 6.8 - BMGF 29.3 2.3 2 7.0 China 0.8 (0.8) Finland 1.3 (1.3) Italy 0.8 0.0 0.8 Luxembourg 0.8 0.7 0.1 Nigeria 0.1 (0.1) Portugal 0.3 0.2 0.1 South Africa - Switzerland 5.0 3.0 1.9 Thailand - Turkey 0.5 0.4 0.1 USA 8.8 0.3 8.6 2011 sub-total 5 2.3 15.8 36.5 Sweden for 2010 9.3 9.3 - Total 6 1.7 25.2 36.5 * from Table 2 The disbursements in Table 2 feed in to the receipts column in Table 3 above. This table illustrates how the funding modality of the CGIAR is changing. Funding to the CGIAR Research Program through the CGIAR Fund is treated like restricted funding, and is only recognized as revenue to the extent that Centers / Programs have performed the work. Funding from the CGIAR Fund to CRPs cannot contribute to the surplus of a Center, and Programs will not have surpluses. The utilization column shows the revenue that has been recognized by the Programs and Centers, and feeds through into the other funding tables in the Annexes. 10 Table 4: CGIAR Program and Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 9 5 CRP Window 3 and Bi-lateral 1 26 Total CRP Revenue - - - - 2 21 Non-CRP Restricted 328 355 420 4 60 3 57 Unrestricted 167 176 186 2 13 1 36 Total non-CRP Revenue 495 531 606 6 73 4 93 495 531 606 6 73 7 13 Other 2 5 2 2 23 23 22 Total Revenue 520 553 6 29 696 735 Object of Expenditure Personnel costs 44% 44% 42% 43% 44% Supplies & Services 30% 29% 27% 27% 30% Collaboration & Partnerships 15% 16% 18% 18% 16% Travel 7% 8% 7% 8% 7% Depreciation 4% 3% 6% 4% 4% Total Expenditure 506 542 6 03 657 7 07 Results of Operations 14 1 1 26 39 28 Staffing Internationally recruited 1,096 1,163 1 ,238 1,278 1,227 Nationally recruited 6,986 6,904 6 ,922 7,281 7,095 Total 8,082 8,067 8,160 8 ,559 8 ,322 Indicators Working Capital 161 150 159 1 70 1 69 Current Ratio 1.7 1.6 1.6 1 .5 1 .3 Adequacy of Reserves 127 123 134 1 41 1 39 Fixed Assets Capital Expenditure ($m) 18.7 21.2 30.9 3 0.4 3 2.9 Capital Expenditure/Depreciation 110% 119% 95% 118% 119% Indirect/Direct cost ratio 20% 19% 17% 18% 16% 11 FUNDING Funding has steadily increased over the last five years:  Figure 1 shows CGIAR funding from 2007 to 2011 in current dollars.  Figure 2 shows the composition of funding in 2010 and in 2011  The Annex Tables give detailed information as follows: o A1.1 gives details of Donors’ support from 1972 to 2011 o A1.2 shows the allocations by Center o A2.1 presents 2011 unrestricted and restricted funding by Member o A2.2 analyses current grant income between Windows 1/2, Window 3 and Bilateral o A2.3 shows unrestricted funds to each Center o A2.4 shows restricted funds to each Center o A2.5 gives a breakdown of the Group “Other” 12 While Figure 1 shows the continuing upward trend in CGIAR funding overall, Figure 2 shows how the modality of that funding has changed since the CGIAR reforms. Figure 2 pictorally shows how the direct funding from North American, European and International donors appears to have reduced, although this is not the case; a large part of their funding now comes through Windows 1 and 2, where the money is co-mingled and then used as the major source of CRP funding. This figure shows clearly how, thanks to this support from the Fund Donors (shown in Table 2), the CGIAR Fund has become the single largest donor.4 Figure 2 : Agenda Funding by Donor Group CGIAR Fund (Windows 1 & 2) from Table 3 800 Europe W3 and Bilateral 700 Pacific Rim W3 and Bilateral 600 North America W3 and Bilateral 500 Foundations W3 and Bilateral 400 International and regional 300 organizations W3 and Bilateral Developing countries W3 and Bilateral 200 Challenge Programs 100 0 Others 2010 2011 4 The Challenge Programs appear for the first time as a donor; previously, these co-mingled funds were traced back to the original donor and shown as part of their contribution. Challenge Programs will be largely absorbed into CRPs in 2012. 13 Figure 3 : Funding by Center and Donor Group 80 CGIAR Windows 1 & 2 Europe W3 and Bilateral 70 Pacific Rim W3 and Bilateral 60 North America W3 and Bilateral 50 International and Regional Organisations W3 and Bilateral Foundations W3 and Bilateral 40 Developing Countries W3 and 30 Bilateral Others 20 Challenge Programs 10 0 14 Table 5: Financial Results by Center $ million 2011 2010 Revenue Expenditure Result Grants Other Total Expenditure Result Centre CRP Non CRP Other Total CRP Non-CRP Total Africa Rice 20.2 2.1 0 .1 22.4 20.2 1 .0 21.2 1 .2 22.3 0 .1 22.4 20.3 2 .1 Bioversity 6 .3 2 9.7 0 .9 36.9 6 .3 29.9 36.2 0 .7 39.5 - 39.5 38.5 1 .0 CIAT 20.7 3 8.9 2 .8 62.4 20.7 40.3 61.0 1 .4 56.1 6 .1 62.2 56.1 6 .1 CIFOR 13.1 1 6.8 0 .1 30.0 13.1 14.9 28.0 2 .0 27.0 0 .1 27.1 24.9 2 .2 CIMMYT 33.2 4 6.7 1 .7 81.6 33.2 39.6 72.8 8 .8 58.8 2 .0 60.8 56.0 4 .8 CIP 3 .7 2 9.5 0 .6 33.8 3 .7 30.0 33.7 0 .1 33.5 0 .6 34.1 33.0 1 .1 ICARDA 2 .5 3 3.4 1 .5 37.4 2 .5 34.5 37.0 0 .4 38.7 0 .7 39.4 38.3 1 .1 ICRISAT 6 .0 5 6.4 4 .5 66.9 6 .0 59.3 65.3 1 .6 59.9 4 .8 64.7 61.2 3 .5 IFPRI 2 .6 7 8.8 0 .3 81.7 2 .6 76.9 79.5 2 .2 70.9 - 0 .4 70.5 66.6 3 .9 IITA 5 .5 4 1.3 0 .6 47.4 5 .5 41.2 46.7 0 .7 51.4 0 .8 52.2 52.0 0 .2 ILRI 6 .0 3 3.5 4 .1 43.6 6 .0 36.7 42.7 0 .9 41.1 3 .3 44.4 43.3 1 .1 IRRI 71.6 4.1 1 .8 77.5 71.6 2 .4 74.0 3 .5 56.7 1 .7 58.4 57.2 1 .2 IWMI 2 .8 3 1.3 1 .0 35.1 2 .8 29.6 32.4 2 .7 30.2 0 .6 30.8 26.9 3 .9 ICRAF 18.5 2 3.4 1 .2 43.1 18.5 23.4 41.9 1 .2 40.0 2 .1 42.1 36.9 5 .2 World Fish 8 .0 9.2 0 .6 17.8 8 .0 9 .4 17.4 0 .4 17.2 0 .5 17.7 16.2 1 .5 Subtotal 220.7 475.1 21.8 717.6 220.7 469.1 689.8 27.8 643.3 23.0 666.3 6 27.4 38.9 System level activities 9.4 9 .4 9 .4 9 .4 - 17.4 17.4 17.4 - less InterCenter activities (21.4) (21.4) (21.4) (21.4) 0.0 (17.6) (17.6) (17.6) 0.0 220.7 463.1 21.8 705.6 220.7 457.1 677.8 27.8 643.1 23.0 666.1 6 27.2 38.9 Challenge Program Partners 2 9.1 29.1 29.1 29.1 - 29.9 29.9 29.9 220.7 492.2 21.8 734.7 220.7 486.2 706.9 27.8 673.0 23.0 696.0 6 57.1 38.9 Figure 4 : Analysis of Center Revenue between CRP, non CRP and other 100.0 80.0 60.0 CRP 40.0 20.0 Non CRP - Other 15 Table 5 and Figure 4 above show the proportion of revenue that is spent on CRPs; since not all of the CRPs are yet operational, the level of involvement in CRP work is variable; but it can be seen that every Center has some degree of involvement in the vanguard CRPs. Table 6 below shows the involvement of each of the Centers in the CRPs launched in 2011. Table 6: CRPs $ (millions) Aquatic Systems Maize Rice Forests CCAFS Genebanks TOTAL W3 & W3 & W3 & W3 & W3 & W3 & W3 & W1/2 Bilateral Total W1/2 Bilateral Total W1/2 Bilateral Total W1/2 Bilateral Total W1/2 Bilateral Total W1/2 Bilateral Total W1/2 Bilateral Total Africa Rice - - 8.2 11.4 19.6 - 0.3 0.3 0.3 0.3 8.5 11.7 20.2 Bioversity - - - 1.9 1.9 3.6 3.6 0.8 0.8 6.3 - 6 .3 CIAT - - 4.3 2.4 6.7 - 6.0 5.5 11.5 2.1 0.4 2.5 1 2.4 8.3 20.7 CIFOR - - - 4.6 8.3 12.9 0.1 0.1 - 4.7 8.3 13.0 CIMMYT - 2 .7 22.6 25.3 - - 4.2 1.3 5.5 0.8 1.6 2.4 7.7 25.5 33.2 CIP - - - - 0.8 0.8 2.8 2.8 3.6 - 3 .6 ICARDA - - - - 1.5 1.5 1.0 1.0 2.5 - 2 .5 ICRISAT - - - - 2.1 1.8 3.9 2.2 2.2 4.3 1.8 6 .1 IFPRI - - - - 0.5 2.1 2.6 - 0.5 2.1 2 .6 IITA - 0 .7 2.9 3.6 - - 0.8 0.2 1.0 0.9 0.9 2.4 3.1 5 .5 ILRI - - - - 4.2 1.8 6.0 - 4.2 1.8 6 .0 IRRI - - 22.0 48.3 70.3 - 0.2 0.1 0.3 1.1 1.1 2 3.3 48.4 71.7 IMWI 0.1 0.1 - - - 2.2 0.5 2.7 - 2.3 0.5 2 .8 WAF - - - 4.6 6.3 10.9 4.8 2.8 7.6 - 9.4 9.1 18.5 Wfish 2.5 3.5 6.0 - - - 0.4 1.6 2.0 - 2.9 5.1 8 .0 2.6 3.5 6.1 3 .4 25.5 28.9 34.5 62.1 96.6 1 1.1 14.6 25.7 3 1.4 18.0 49.4 1 2.0 2.0 14.0 9 5.0 1 25.7 220.7 16 Table 7: Summary of Challenge Programs $ (million) Funds Available Harvest Plus Generation SSA W&F Total Australia 3.1 3.1 BMGF 8.3 5.0 1 3.3 Canada 6.2 6.2 European Commission 0.5 0.8 1.3 European Commission A/R 5.0 5.0 IFAD 0.1 0.1 Italy 0.5 0.5 Pioneer Foundation 0.0 0.0 Sweden 0.1 0.1 0.3 0.6 Switzerland 0.5 1.4 1.9 Syngenta 1.0 0.3 1.3 UK 1 5.4 1 5.4 USA 1.6 0.4 2.0 WFP 0.2 0.2 Zinc Project Grou] 0.3 0.3 CGIAR Fund 4.7 5.0 9.8 Other 0.0 0.0 Earned Income 0.2 0.0 0.0 0.3 3 3.5 1 6.6 0.5 1 0.8 6 1.3 Disbursements Harvest Plus Generation SSA W&F Total Center Others Center Others Center Others Center Others Center Others Africa Rice 0.8 0.8 Bioversity 0.3 0.3 CIAT 1.2 0.8 0.3 2.3 CIFOR - CIMMYT 2.3 0.7 3.0 CIP 0.3 0.3 ICARDA 0.1 0.0 0.1 ICRISAT 0.9 2.5 0.2 3.6 IFRPRI 4.3 0.2 4.5 IITA 1.3 0.2 1.5 ILRI 0.0 1.1 1.2 IRRI 1.1 1.4 1.2 3.7 IWMI 1.1 1.1 World Agroforestry - World Fish 0.3 0.3 Subtotal 1 1.6 1 0.3 6.8 1 0.4 - 1.2 4.4 7.5 2 2.7 2 9.3 2 1.8 1 7.2 1.2 1 1.8 5 2.0 2011 Net movement 1 1.6 (0.6) (0.7) (1.0) 9.3 2010 b/f Balance 3 9.0 1 1.7 2.3 3.3 5 6.3 2011 c/f Balance 5 0.6 1 1.1 1.6 2.3 6 5.6 In previous years, the Challenge Program funding has been allocated to donors based on rate of spending; from 2011, in order to be consistent with the treatment of CGIAR co-mingled funds, Challenge Program funding is disclosed separately, and treated itself as a donor. The above figures are disbursements. Amounts reported for Centers (as per Annex 2 schedules) represent actual expenditure, and are therefore different to the above amounts . The CCAFS Challenge Program was absorbed in to the CCAFS CRP on 1st January 2011. Some legacy projects were concluded by Centers in 2011. Harvest Plus and Water & Food Challenge Programs will be absorbed by the CRP on Improved Nutrition & Health and Water, and the CRP on Land & Ecosystems 17 respectively. The Generation CP will continue to implement its exit strategy to 2014 , whilst the Sub Saharan African Program work will be continued within the CRP portfolio. AGENDA RESOURCES Spending on the 2011 research agenda amounted to $707 million (including Challenge Programs), an increase of $50 million or 7.6% over $657 million in 2010. Figure 5: Expenditure by cost category Depreciation 2011 4% Travel 7% Personnel costs Collaboration & 43% Partnerships 16% Supplies & Services 30% Depreciation 4% 2010 Travel Collaboration 8% & Partnerships Personnel costs 18% 43% Supplies & Services 27% By Object of Expenditure As shown in Figure 5, the pattern of expenditure by object did not change significantly from 2010, with personnel cost maintaining the largest share at 43%. Annex Table A3.2 provides detailed Center-level information on object of expenditure. Annex Table 3.3 shows expenditure by geographic region. Annex Table A3.4 presents data on CGIAR staffing from 2007 to 2011. CGIAR Expenditure Over 40 Years Annex Table 5.1 shows expenditure cumulated for the last 40 years, by Center, by region and by object of expense. 18 FINANCIAL POSITION The aggregations of 2007-2011 Center data, shown in Table 5 and elaborated below, reflect the financial position of the CGIAR System as a whole. Annex Table A4.1 provides details by Center as of December 31, 2011. The CGIAR as a whole remains in a strong financial position. Table 8: CGIAR System Financial Position ($ millions ) 2007 2008 2009 2010 2011 Assets Current assets Cash and cash equivalents 3 29 360 480 558 626 Accounts receivable Donors 65 80 69 126 115 Employees 4 3 4 4 4 Others 27 27 31 27 37 Inventories 6 6 5 5 5 Pre-paid expenses 4 4 4 5 5 Other current assets 2 2 2 3 4 Total current assets 4 36 483 595 728 797 Non-current assets Net property, plant, and equipment 76 79 76 81 84 Investments 53 61 80 92 125 Others assets 7 2 4 3 5 Total non-current assets 1 36 142 160 176 214 Total assets 5 72 625 755 905 1,011 Liabilities and net assets Current liabilities Accounts payable Donors 1 73 197 231 212 261 Employees 20 18 20 19 19 Others 63 86 136 263 288 Accruals and provisions 31 33 40 39 43 Total current liabilities 2 86 334 426 533 611 Long-term liabilities 48 46 52 55 58 Total liabilities 3 34 380 478 589 668 Net assets Unrestricted Unrestricted net assets excl fixed assets 1 59 165 199 233 257 Fixed assets 76 79 76 81 84 Unrestricted net assets 2 35 243 275 314 341 Restricted 2 2 2 2 2 Total net assets 2 37 245 277 316 343 Total liabilities and net assets 5 72 625 755 905 1,011 19 Net Assets Net assets are the residual interest in an entity’s assets after all liabilities have been deducted. Hence, net assets in not-for-profit organizations are equivalent to “shareholder’s equity” in for- profit organizations. In the CGIAR, net assets arise mainly from the annual surplus of unrestricted funding over unrestricted expenditure. In 2011, total net assets increased by $27 million, the result of an increase of $106 million in total assets offset by an increase of $79 million in total liabilities. The level of net assets for each Center is shown in Figure 6. Figure 6: Net Assets by Center 50 45 40 35 30 $ million 25 20 15 10 5 0 20 Unrestricted Net Assets As explained above, net assets in the CGIAR are mainly in the unrestricted category. Unrestricted net assets excluding net fixed assets indicate the financial capacity of an organization to adjust to unplanned changes in revenue or expenditure. Unrestricted net assets excluding net fixed assets increased by $24 million; from $233 million in 2010 to $257 million in 2011. When expressed in terms of percentage of revenue, they remained constant at 35% for the two years. Figure 7 indicates the total of unrestricted net assets excluding net fixed assets by Center. Figure 7 : Unrestricted Net Assets excluding Fixed Assets by Center 35 30 25 20 $ million 15 10 5 0 21 Net Fixed Assets Many centers have substantial investments in their infrastructure, and the costs of these fixed assets forms part of designated net assets, in accordance with CGIAR Financial Guidelines.5 Centers aim to keep their physical research facilities at international standards suitable for conducting cutting-edge research, and there is a constant need for adequate resources for their maintenance and updating and replacement. The net value of these investments amounted to $84 million in 2011, an increase from $81 million in 2010. There is a fairly stable pattern within the CGIAR centers where the annual capital investment broadly corresponds to the annual depreciation cost. However, in 2011, reflecting the overall caution in the current economic downturn, capital expenditure was $6 million lower than the annual depreciation charge of $28 million. Annex Table A4.2 indicates capital expenditure by Center for 2007-2011. Figure 8 illustrates the 2011 year-end levels of net fixed assets for all the Centers. Figure 8: Net Fixed Assets by Center 20 18 16 14 12 $ million 10 8 6 4 2 0 5 In the accounting guidelines (revised in February 2006) unrestricted net assets are further divided into undesignated and designated net assets. 22 Liquidity Liquidity is an organization’s ability to meet its short-term spending requirements. Two primary indicators of liquidity are “current ratio” and “working capital”. Current ratio is current assets divided by current liabilities, represented as a number. This liquidity measure is comparable across organizations, regardless of their size, because it is a relative figure. Working capital expressed in terms of future spending requirements is useful for such purposes. The Centers’ liquidity levels hinges to some extent on the pattern of Members’ disbursements, which occur throughout the calendar year. With regard to restricted grants, funding for these is usually made available in advance, so centers generally have positive cash flow in this area. With regard to unrestricted grants, there are some exceptions, but most members make disbursements in the later months of the year, or even the subsequent year. At the end of 2011, about 11% (compared to 19% in 2010)of the value of 2011 funding was outstanding as accounts receivable from Members, which Figure 9 shows by Center as a percentage of their funding. Figure 9 : Donor Receivables by Center as a percentage of Funding 2011 0.30 0.25 0.20 0.15 0.10 0.05 - 23 Current Ratio The System-level current ratio in 2011 is 1.5 (1.5 in 2010) - the ratio is within the normative range, where as a general rule a current ratio above 1.5 is considered adequate. Figure 10 shows the evolution of the CGIAR current ratio from 2006. Figure 10 : Current Ratio for last 5 years 1.68 1.7 1.65 1.61 1.6 1.56 1.53 1.55 1.51 1.5 1.45 1.4 2007 2008 2009 2010 2011 Figure 11 shows the current ratio by Center. At the end of 2011, three Centers had a current ratio below 1.5 as shown in Figure 15, which stems from later payments of unrestricted grants. Figure 11 : Current Ratio by Center for 2011 3.5 3.0 3.0 2.4 2.5 2.2 2.2 1.9 2.0 1.7 1.7 1.7 1.6 1.6 1.5 1.5 1.4 1.3 1.5 1.1 1.0 0.5 - 24 Adequacy of Reserve Indicator This indicator demonstrates capacity for continuity of operations, and is based on the residual of unrestricted net assets after taking investments in fixed assets into account. The target within the CGIAR is to have a level of the Adequacy of Reserves indicator of at least 75 days, and all Centers achieved this in 2011 and 2010. Figure 12 compares the Adequacy of Reserves indicator expressed as Center expenditure requirements (excluding depreciation) in days in 2011 and 2010. The 2011 System average of 150 days of expenditure is 9 days higher than the 2010 system average of 141 days. Figure 12: Adequacy of Reserves by Center in days 250 200 150 100 50 0 2011 2010 25 Indirect Cost Ratio The indirect cost ratio indicator6, is the ratio of indirect costs to direct costs (indirect costs divided by direct costs). In 2011, the CGIAR’s indirect cost ratio is an average of 16%, two percentage points lower than 2010. Figure 13: Indirect Cost Ratio by Center 30% 25% 20% 15% 10% 5% 0% 2011 2010 6 required by the accounting guidelines (FG.5) to be computed and audited annually 26 Table A1.1 CGIAR Grant Income for the Approved Research Agenda ($ million) 1972-2007 2008 2009 2010 2011 Total CGIAR Fund (Windows 1 & 2) from Table 3 1 86 1 86 Challenge Programs 6 0 6 0 Window 3 and Bilateral Contributions by group of Donor: Europe Austria 3 3 3 2 2 3 4 3 Belgium 1 27 1 0 1 1 1 2 1 4 173 Denmark 1 88 4 6 6 0 205 European Commission 4 57 3 3 4 1 4 3 2 1 594 Finland 4 8 4 5 4 2 6 3 France 1 17 8 5 5 1 136 Germany 3 75 1 9 2 4 2 1 2 1 460 Ireland 3 8 9 1 0 1 1 6 7 5 Israel 2 0 - - - 2 Italy 1 40 8 6 4 1 159 Luxembourg 9 1 1 1 1 1 2 Netherlands 3 05 1 5 1 5 1 5 7 356 Norway 1 87 1 7 1 6 2 2 6 249 Portugal 3 1 0 1 0 5 Spain 2 8 2 3 2 1 3 6 Sweden 2 32 1 5 1 5 1 2 4 278 Switzerland 3 51 2 0 2 0 2 2 1 2 425 United Kingdom 4 65 4 5 4 2 4 9 3 604 Subtotal 3 ,104 2 13 2 20 2 33 1 03 3,874 North America - Canada 4 67 3 4 4 2 4 0 7 591 United States of America 1 ,338 5 8 7 9 8 6 5 9 1,620 Subtotal 1 ,805 9 2 1 21 1 27 6 7 2 ,212 Pacific Rim - Australia 1 72 1 0 1 3 2 2 2 9 246 Japan 6 02 1 2 1 6 1 6 1 3 660 Korea, Republic of 1 7 2 2 2 2 2 3 New Zealand 8 4 2 2 0 1 6 Subtotal 7 99 2 8 3 3 4 2 4 4 9 46 Developing countries - Brazil 7 0 1 0 0 9 China 1 5 1 3 4 3 2 7 Colombia 2 6 1 1 1 2 3 0 Egypt, Arab Republic of 1 1 1 1 1 1 1 3 India 3 0 8 7 9 1 0 6 4 Indonesia 4 0 0 0 0 4 Iran, Islamic Republic of 2 0 1 1 0 1 2 2 Kenya 5 1 0 0 0 6 Libya 1 1 Malaysia 0 - 0 0 0 1 Mexico 1 6 1 1 4 1 6 3 8 Morocco 3 - - 0 0 3 Nigeria 2 7 3 0 1 2 3 2 Pakistan 3 1 0 0 - 4 Peru 5 0 1 1 0 6 Philippines 9 0 1 1 1 1 2 Saudi Arabia 5 - - - - 5 South Africa 7 1 1 0 0 8 Syria, Arab Republic of 4 1 1 1 1 7 Thailand 2 0 0 0 0 2 Turkey 3 1 0 0 1 4 Uganda 3 1 0 1 1 5 Subtotal 2 02 1 9 1 9 2 5 3 9 3 04 Foundations - Bill & Melinda Gates Foundation 7 1 7 1 142 Ford Foundation 6 5 1 1 0 0 6 7 IDRC 5 5 4 4 3 3 6 8 Kellogg Foundation 7 1 0 0 0 8 Rockefeller Foundation 1 07 2 2 1 1 113 Syngenta Foundation 5 1 2 3 4 1 5 Subtotal 2 39 8 9 8 0 7 9 414 International and regional organizations - ADB 5 8 2 3 2 3 6 9 AfDB 2 0 1 1 1 1 2 3 Arab Fund 2 4 1 1 2 2 3 1 FAO 1 3 5 6 5 5 3 3 Gulf Cooperation Council 1 1 1 0 1 4 IDB 1 73 1 2 1 0 177 IFAD 1 11 1 0 9 1 1 2 2 162 OPEC Fund 1 7 1 1 1 0 2 0 UNDP 1 62 1 2 1 0 166 UNEP 3 6 7 5 3 2 5 3 World Bank 1 ,096 5 0 5 0 5 0 5 1,251 Subtotal 1 ,711 7 8 8 0 7 7 4 1 1 ,987 Total 7 ,860 4 39 4 81 5 84 6 19 9,982 Others (analysis available on Annex 2.6) 3 19 9 2 1 25 9 0 9 4 719 Total 8 ,179 5 31 6 06 6 73 7 13 1 0,701 27 Table A1.2 CGIAR Grant Income for the Approved Research Agenda by Center ($ million) Centers 1972-2007 2008 2009 2010 2011 Total Gross (per Center CRP amounts for Net Funding FS) CGIAR partners AfricaRice 1 97 1 3 2 2 2 2 2 2 2 2 2 65 Bioversity 4 30 3 7 3 6 4 0 3 6 3 6 5 78 CIAT 8 43 4 6 4 8 5 6 8 5 ( 26) 6 0 1 ,042 CIFOR 1 80 2 1 2 4 2 7 3 6 ( 7) 3 0 2 73 CIMMYT 8 65 4 1 4 9 5 9 8 0 8 0 1 ,078 CIP 5 06 2 7 3 3 3 4 3 3 3 3 6 25 ICARDA 5 89 3 0 3 2 3 9 3 6 3 6 7 15 ICRISAT 7 46 4 8 4 8 6 0 6 3 6 3 9 42 IFPRI 4 31 5 0 6 3 7 1 8 1 8 1 6 72 IITA 8 21 4 8 4 9 5 1 4 7 4 7 1 ,010 ILRI 7 88 4 0 5 5 4 1 3 9 3 9 9 57 IRRI 8 20 3 7 4 8 5 7 8 8 ( 12) 7 6 1 ,014 ISNAR 1 57 - - 1 57 IWMI 2 16 2 6 2 8 3 0 3 4 3 4 3 28 World Agroforestry 3 47 2 9 3 4 4 0 4 2 4 2 4 83 WorldFish 1 73 1 9 1 7 1 7 1 7 1 7 2 41 Total 8 ,111 5 13 5 84 6 43 7 40 ( 45) 6 96 1 0,380 System-level - System-level activities 4 7 1 6 1 9 1 7 9 9 1 21 Advance/Unallocated Member funding/ Additional challenge Program funds 1 3 ( 1) ( 1) 1 1 Subtotal 6 0 1 5 1 8 1 7 9 - 9 1 32 less Inter-Center activities ( 33) ( 16) ( 20) ( 18) ( 21) ( 21) (119) Total System Level 2 6 ( 0) ( 2) ( 0) ( 12) - ( 12) 1 4 - Total funding to the agreed agenda 8 ,137 513 582 643 728 (45) 684 10,393 plus Challenge Programs partners 4 3 1 8 2 4 3 0 2 9 2 9 1 61 Total CGIAR Program 8 ,180 5 31 6 06 6 73 7 57 ( 45) 7 13 1 0,555 28 Table A2.1 CGIAR Funding by Donor, 2011 ($ million) Unrestricted Restricted Total CGIAR Fund (Windows 1 & 2) 9 0.7 9 5.0 1 85.7 9 0.7 9 5.0 1 85.7 Challenge Programs (Centers and Partners) 6 0.0 6 0.0 6 0.0 6 0.0 Window 3 and Bilateral Contributions by group of Donor: Europe Austria 0 .2 2 .5 2 .7 Belgium 1 0.1 3 .7 1 3.8 Denmark - 0 .3 0 .3 European Commission - 2 0.9 2 0.9 Finland 1 .3 1 .1 2 .4 France - 0 .8 0 .8 Germany 5 .0 1 6.3 2 1.3 Ireland 4 .3 1 .9 6 .2 Italy - 0 .6 0 .6 Luxembourg - 0 .8 0 .8 Netherlands 1 .7 5 .0 6 .7 Norway - 6 .4 6 .4 Portugal - 0 .4 0 .4 Spain - 1 .0 1 .0 Sweden - 3 .7 3 .7 Switzerland 3 .2 8 .9 1 2.1 United Kingdom 0 .5 2 .6 3 .1 Subtotal 2 6.4 7 6.9 1 03.3 North America Canada 0 .0 7 .4 7 .4 United States of America - 5 9.9 5 9.9 Subtotal 0 .0 6 7.3 6 7.3 Pacific Rim Australia 1 3.5 1 5.8 2 9.3 Japan 0 .3 1 2.6 1 2.9 Korea, Republic of - 1 .5 1 .5 New Zealand - 0 .4 0 .4 Subtotal 1 3.8 3 0.3 4 4.0 Developing countries Brazil - 0 .2 0 .2 China 0 .7 2 .4 3 .1 Colombia - 1 .8 1 .8 Egypt, Arab Republic of 0 .3 0 .3 0 .6 India 0 .3 9 .9 1 0.2 Iran, Islamic Republic of - 0 .7 0 .7 Kenya - 0 .2 0 .2 Kuwait 0 .4 0 .4 Libya 0 .8 0 .8 Malaysia - 0 .1 0 .1 Mexico 0 .4 1 5.8 1 6.2 Morocco - 0 .3 0 .3 Nigeria 0 .6 1 .0 1 .6 Oman 0 .1 0 .1 Peru - 0 .4 0 .4 Philippines 0 .2 0 .8 1 .0 South Africa - 0 .1 0 .1 Syria, Arab Republic of 0 .5 - 0 .5 Thailand 0 .1 - 0 .1 Turkey - 0 .6 0 .6 Uganda 0 .6 0 .6 Vietnam 0 .1 0 .1 Subtotal 3 .1 3 6.6 3 9.7 Foundations Bill & Melinda Gates Foundation - 7 0.9 7 0.9 Ford Foundation - 0 .2 0 .2 IDRC 2 .5 2 .5 Kellogg Foundation - 0 .2 0 .2 Rockefeller Foundation - 0 .8 0 .8 Syngenta Foundation - 4 .0 4 .0 Subtotal - 7 8.5 7 8.5 International and regional organizations ADB - 3 .1 3 .1 AfDB - 0 .8 0 .8 Arab Fund - 1 .9 1 .9 FAO 1 .4 2 .7 4 .1 Gulf Cooperation Council - 0 .9 0 .9 IDB - 0 .5 0 .5 IFAD - 2 1.8 2 1.8 OPEC Fund - 0 .4 0 .4 UNDP - 0 .2 0 .2 UNEP - 2 .1 2 .1 World Bank 4 .8 4 .8 Subtotal 1 .4 3 9.2 4 0.6 - Others (see A2.6 foranalysis) 0 .6 9 3.5 9 4.1 Grand Total 1 36 5 77 7 13 29 Table A2.2 CGIAR Modality of Funding by Donor, 2011 ($ million) W1/2 W3 Bilateral Total CGIAR Fund (Windows 1 & 2) - Table 3 1 85.7 1 85.7 1 85.7 - - 1 85.7 Challenge Programs (Center Spend) 6 0.0 6 0.0 6 0.0 Window 3 and Bilateral Contributions by group of Donor: Europe Austria 2 .7 2 .7 Belgium 1 3.8 1 3.8 Denmark 0 .3 0 .3 European Commission 2 0.9 2 0.9 Finland 1 .3 1 .1 2 .4 France 0 .8 0 .8 Germany 2 1.3 2 1.3 Ireland 6 .2 6 .2 Italy 0 .6 0 .6 Luxembourg 0 .8 - 0 .8 Netherlands 6 .7 6 .7 Norway 6 .4 6 .4 Portugal 0 .2 0 .2 0 .4 Spain 1 .0 1 .0 Sweden 3 .7 3 .7 Switzerland 3 .0 9 .1 1 2.1 United Kingdom 3 .1 3 .1 Subtotal - 5 .3 9 7.9 1 03.3 North America Canada 7 .4 7 .4 United States of America 0 .3 5 9.6 5 9.9 Subtotal 0 .3 6 7.0 6 7.3 Pacific Rim Australia 6 .8 2 2.4 2 9.3 Japan 1 2.9 1 2.9 Korea, Republic of 1 .5 1 .5 New Zealand 0 .4 0 .4 Subtotal 6 .8 3 7.2 4 4.0 Developing countries Brazil 0 .2 0 .2 China 0 .8 2 .3 3 .1 Colombia 1 .8 1 .8 Egypt, Arab Republic of 0 .6 0 .6 India 1 0.2 1 0.2 Iran, Islamic Republic of 0 .7 0 .7 Kenya 0 .2 0 .2 Kuwait 0 .4 0 .4 Libya 0 .8 0 .8 Malaysia 0 .1 0 .1 Mexico 1 6.2 1 6.2 Morocco 0 .3 0 .3 Nigeria 0 .1 1 .5 1 .6 Oman 0 .1 Peru 0 .4 0 .4 Philippines 1 .0 1 .0 South Africa 0 .1 0 .1 Syria, Arab Republic of 0 .5 0 .5 Thailand 0 .1 0 .1 Turkey 0 .4 0 .2 0 .6 Uganda 0 .6 0 .6 Vietnam 0 .1 0 .1 Subtotal 1 .3 3 8.4 3 9.6 Foundations Bill & Melinda Gates Foundation 2 .3 6 8.6 7 0.9 Ford Foundation 0 .2 0 .2 IDRC 2 .5 2 .5 Kellogg Foundation 0 .2 0 .2 Rockefeller Foundation 0 .8 0 .8 Syngenta Foundation 4 .0 4 .0 Subtotal 2 .3 7 6.2 7 8.5 International and regional organizations ADB 3 .1 3 .1 AfDB 0 .8 0 .8 Arab Fund 1 .9 1 .9 FAO 4 .1 4 .1 Gulf Cooperation Council 0 .9 0 .9 IDB 0 .5 0 .5 IFAD 2 1.8 2 1.8 OPEC Fund 0 .4 0 .4 UNDP 0 .2 0 .2 UNEP 2 .1 2 .1 World Bank 4 .8 4 .8 Subtotal - 4 0.6 4 0.6 Others (see A2.6 for analysis) 9 4.1 9 4.1 Grand Total 1 86 1 6 5 11 7 13 30 Table A2.3 Unrestricted Funding to the Agreed Research Agenda by Donor Group by Center, 2011 ($ million) World Systems Members AfricaRice Bioversity CIAT CIFOR CIMMYT CIP ICARDA ICRISAT IFPRI IITA ILRI IRRI IWMI Agroforestry WorldFish Entities TOTAL - - - - - - - - - - - - - - - - CGIAR Fund (Windows 1 & 2) - 7.2 3.0 5.3 3 .1 4.9 5.2 6.4 13.5 8.8 12.4 - 7.5 2.9 2.8 7.5 90.7 Window 3 and Bilateral Contributions by group of Donor: Europe Austria 0 .2 0.2 Belgium 0 .8 1.5 1 .8 2 .0 0 .7 0.7 1.7 0.2 0 .8 10.1 Finland 0 .3 0.3 0.3 0 .3 1.3 Germany 0 .6 0 .3 0 .3 0 .4 0.7 0.7 0.6 0 .6 0 .3 0 .3 0.2 5.0 Ireland 0.5 0 .2 0.4 0.6 0.6 0.8 0 .4 0 .8 4.3 Netherlands 1 .5 0.2 1.6 Switzerland 1 .1 0 .4 1.0 0.3 0.3 3.2 United Kingdom 0.5 0.5 Subtotal 0.8 2.0 2.5 0.6 0 .5 3.6 3.2 2.7 1.7 2.9 1.3 0.6 0.7 2.3 0.5 0.5 26.2 North America - Canada - - - - - - - - - 0.0 - (0.0) - - 0.0 United States of America (0.0) ( 0.0) Subtotal - - - - - - - - - - 0.0 - (0.0) - - 0.0 Pacific Rim Australia 0 .5 0.5 0 .5 0 .5 1.9 0 .5 0 .5 1.3 1.3 0.5 0.5 1 .9 1 .3 0 .5 1.2 13.5 Japan 0.3 0.3 Subtotal 0.5 0.5 0.5 0.5 2 .2 0.5 0.5 1.3 1.3 0.5 0.5 1.9 1.3 0.5 1.2 13.8 Developing countries China 0.1 0 .0 0 .1 0 .0 0.1 0.1 0.1 0 .1 0 .0 0 .0 0.7 Egypt, Arab Republic of 0.3 0.3 India 0.1 0 .0 0.1 0.0 0 .0 0.0 0.3 Mexico 0.4 0.4 Nigeria 0.6 0.6 Philippines 0.0 0.0 0 .0 0.0 0 .1 0 .0 0.0 0.2 Syria, Arab Republic of 0 .5 0.5 Thailand 0 .0 0 .1 0.1 Subtotal - 0.3 0.0 0.0 0 .4 0.1 0.5 0.1 0.2 0.6 0.1 0.3 0.1 0.0 0.3 3.2 International and Regional Organizations FAO 1.4 1.4 Subtotal 1.4 1.4 Others 0 .5 0 .0 0 .0 0 .0 0.1 0.6 - - - - - - - - - - - - - - - - Total 1.8 9.7 6.0 6.4 5 .8 9.1 9.0 10.3 16.4 12.3 14.3 2.5 9.4 5.7 4.6 9.4 135.8 31 Table A2.4 Restricted Funding to the Agreed Research Agenda by Donor Group by Center, 2011 ($ million) Challenge Members Africa Rice Bioversity CIAT CIFOR CIMMYT CIP ICARDA ICRISAT IFPRI IITA ILRI IRRI IWMI ICRAF WorldFish Partners TOTAL CGIAR Fund (Windows 1 & 2) Total Window 1 & 2 Funding 8 .5 6 .3 3 8.1 1 1.2 7 .7 3 .6 2 .5 4 .2 0 .5 2 .4 4 .2 3 5.7 2 .5 9 .4 2 .9 1 39.8 less payments to other CGIAR centers ( 25.6) ( 6.5) ( 12.3) ( 0.1) ( 44.6) Net Funding from W1/2 to CRPs 8 .5 6 .3 1 2.5 4 .7 7 .7 3 .6 2 .5 4 .2 0 .5 2 .4 4 .2 2 3.3 2 .5 9 .4 2 .8 - 9 5.2 Challenge Program 0 .6 0 .2 6 .7 3 .2 0 .3 0 .4 2 .7 5 .8 1 .9 0 .8 2 .5 5 .0 0 .5 2 9.4 6 0.0 Window 3 and Bilateral Contributions by group of Donor: Europe Austria - 0 .7 0 .4 0 .4 0 .1 0 .3 0 .2 0 .3 0 .1 - - 2 .5 Belgium - 2 .1 - - - - - - - - 0 .0 - 1 .6 - 3 .7 Denmark - 0 .1 0 .0 0 .0 0 .1 0 .0 0 .1 0 .3 European Commission 0 .5 3 .4 4 .0 4 .8 1 .4 0 .1 1 .1 0 .2 0 .5 2 .0 0 .3 1 .4 0 .4 0 .5 0 .3 2 0.9 Finland - 0 .1 - 0 .2 - 0 .0 - - - - - - - 0 .7 - 1 .1 France - 0 .1 0 .0 - - 0 .0 0 .3 0 .3 0 .1 - 0 .8 Germany 0 .8 1 .7 0 .8 0 .5 0 .9 1 .1 0 .6 1 .8 3 .0 0 .5 1 .6 1 .0 0 .8 1 .0 1 6.3 Ireland - - - - - - 0 .4 0 .5 0 .1 ( 0.0) - - 0 .8 - 1 .9 Italy - 0 .0 0 .1 - - - 0 .3 - 0 .1 0 .0 - - ( 0.0) - 0 .6 Luxembourg - 0 .0 - - - 0 .7 - - - - - - - - - 0 .8 Netherlands - 1 .6 - 0 .5 - - 1 .0 0 .5 0 .5 - 0 .9 0 .1 - 5 .0 Norway - - 4 .0 - - - 0 .3 0 .1 - 0 .0 1 .5 0 .5 6 .4 Portugal - 0 .1 - - - - 0 .1 - - - 0 .0 0 .1 - - - 0 .4 Spain - 0 .2 - 0 .3 0 .5 - - - - - - - 1 .0 Sweden - 0 .1 0 .9 1 .0 0 .6 0 .5 0 .3 0 .2 3 .7 Switzerland 0 .1 2 .0 0 .0 1 .9 0 .5 0 .1 0 .3 0 .2 0 .1 1 .2 2 .1 0 .2 0 .2 8 .9 United Kingdom 0 .0 0 .1 0 .5 0 .5 0 .0 0 .4 0 .4 0 .4 0 .1 0 .2 ( 0.0) 0 .1 2 .6 Subtotal 1 .3 1 0.0 7 .9 1 1.1 4 .6 3 .1 3 .5 3 .6 6 .1 5 .0 3 .2 4 .1 5 .0 5 .8 2 .4 7 6.7 North America Canada 1 .3 0 .0 2 .7 0 .0 0 .1 0 .6 0 .1 0 .1 1 .9 0 .1 0 .0 0 .4 0 .0 7 .4 United States of America ( 0.0) 0 .1 0 .4 0 .9 5 .9 3 .5 3 .1 5 .2 2 1.4 7 .9 1 .9 4 .9 1 .6 1 .4 1 .7 5 9.9 Subtotal 1 .2 0 .1 3 .1 0 .9 6 .0 4 .1 3 .2 5 .2 2 1.4 8 .0 3 .9 5 .0 1 .6 1 .8 1 .8 6 7.3 Pacific Rim Australia - 0 .3 0 .4 1 .6 4 .1 0 .4 3 .5 0 .4 0 .5 - 0 .1 3 .2 0 .5 0 .0 0 .7 1 5.8 Japan 3 .3 0 .2 0 .6 0 .3 1 .0 - 0 .5 0 .0 0 .7 0 .4 - 5 .2 0 .4 0 .1 0 .1 1 2.6 Korea, Republic of - 0 .0 - 0 .2 0 .1 0 .1 0 .1 - - - 0 .1 0 .8 - - 0 .0 1 .5 New Zealand - - - - 0 .4 - - - - - - - - 0 .4 Subtotal 3 .3 0 .6 0 .9 2 .1 5 .2 0 .9 4 .0 0 .4 1 .2 0 .4 0 .3 9 .3 0 .8 0 .1 0 .8 3 0.3 Developing countries Brazil - 0 .0 0 .0 0 .0 0 .0 - - - 0 .1 - 0 .0 - - 0 .0 - 0 .2 China 0 .7 0 .0 0 .1 - 0 .1 0 .0 0 .0 - 0 .1 - 0 .1 1 .4 - 0 .0 - 2 .4 Colombia - - 1 .6 - 0 .1 0 .0 - - - - - - - 0 .0 - 1 .8 Egypt, Arab Republic of - - - - - - 0 .3 - - - - - - - 0 .3 India - 0 .0 - - 0 .4 0 .1 1 .2 7 .6 - - 0 .1 0 .3 0 .0 0 .1 9 .9 Iran, Islamic Republic of - - 0 .0 - 0 .4 - 0 .2 - - - - 0 .0 - - - 0 .7 Kenya - - - - - - - - - - 0 .0 - - 0 .2 - 0 .2 Kuwait 0 .4 0 .4 Libya 0 .8 0 .8 Malaysia - 0 .1 - - - - - - - - - 0 .0 - 0 .0 0 .0 0 .1 Mexico - - - - 1 5.8 - - - - - - - - - - 1 5.8 Morocco - - - - - - 0 .3 - - - - - - - - 0 .3 Nigeria - - - - - - - 0 .0 0 .2 0 .7 - - - - 1 .0 Oman - - - - - - 0 .1 - - - - - - - - 0 .1 Peru - 0 .0 0 .0 - 0 .1 0 .2 - - - - - - 0 .1 - 0 .4 Philippines - - - - - 0 .0 - 0 .1 - - - 0 .6 - - 0 .8 Turkey - - - - 0 .4 - 0 .2 - - - - 0 .0 - - - 0 .6 Uganda - 0 .6 - - - - - - - - - - - - 0 .6 Vietnam 0 .1 0 .1 Subtotal 0 .7 0 .7 1 .8 0 .0 1 7.2 0 .3 3 .5 7 .8 0 .4 0 .7 0 .2 2 .1 0 .3 0 .4 0 .1 3 6.3 Foundations Bill & Melinda Gates Foundation 0 .2 5 .3 - 1 2.8 5 .1 1 2.5 8 .2 2 .4 0 .1 1 9.0 2 .3 3 .1 7 0.9 Ford Foundation - - 0 .1 0 .1 - - - - - - 0 .0 - - 0 .0 - 0 .2 IDRC - 0 .1 0 .1 0 .7 - 0 .3 0 .2 0 .3 - 0 .7 - 0 .1 ( 0.0) 2 .5 Kellogg Foundation - - - - - - - 0 .1 - ( 0.0) - 0 .0 - - - 0 .2 Rockefeller Foundation - - - - - - - - - - 0 .0 0 .4 0 .4 - - 0 .8 Syngenta Foundation 0 .5 0 .0 0 .1 - 2 .2 0 .0 0 .9 0 .2 - - - 4 .0 Subtotal 0 .5 0 .3 5 .5 0 .8 1 5.1 5 .1 0 .3 1 2.8 8 .5 2 .4 1 .7 1 9.6 2 .9 3 .1 - 7 8.5 International and regional organizations ADB - - 0 .4 0 .3 0 .7 - 1 .5 0 .0 - 0 .0 3 .0 AfDB 0 .2 - - - - - - - 0 .4 - - 0 .1 - - 0 .6 Arab Fund - - - - - - 1 .9 - - - - - - - - 1 .9 FAO 0 .0 0 .3 0 .0 0 .0 0 .3 0 .3 0 .4 0 .3 0 .2 0 .2 0 .0 0 .1 0 .1 0 .3 0 .2 2 .7 Gulf Cooperation Council - - - - - - 0 .9 - - - - - - - - 0 .9 IDB - - 0 .5 - - - - - - 0 .5 IFAD 0 .2 0 .9 0 .6 - 0 .1 1 .9 3 .0 6 .4 1 .2 0 .1 1 .2 1 .5 1 .4 3 .2 0 .3 2 1.9 OPEC Fund - - 0 .1 - 0 .0 0 .0 0 .2 - - - 0 .0 - 0 .0 - 0 .0 0 .4 UNDP 0 .1 - - - - - - - 0 .0 - - - - 0 .1 - 0 .2 UNEP - 1 .9 - - - - - 0 .0 - - - - 0 .0 0 .0 0 .0 2 .1 World Bank 0 .5 0 .3 0 .1 0 .3 2 .0 0 .1 0 .7 0 .1 0 .2 0 .6 0 .1 4 .8 Subtotal 0 .5 3 .6 1 .0 0 .5 0 .6 2 .2 6 .4 7 .1 4 .6 0 .8 1 .9 3 .2 1 .9 4 .2 0 .6 3 9.1 Others (analysis on Table A2.5) 2 .1 4 .3 1 2.9 4 .1 9 .6 3 .8 3 .9 5 .1 1 5.5 7 .9 6 .4 4 .6 2 .0 9 .1 2 .3 9 3.5 1 8.7 2 6.0 5 2.4 2 4.2 6 9.2 2 3.5 2 7.6 4 8.9 6 4.0 2 9.5 2 2.5 7 3.7 2 1.9 3 4.0 1 1.3 2 9.4 5 77.5 32 Table A2.5 Breakdown of Other Donors 2011 ($ million) Africa Systems Members Rice Bioversity CIAT CIFOR CIMMYT CIP ICARDA ICRISAT IFPRI IITA ILRI IRRI IWMI ICRAF WorldFish Entities TOTAL CGIAR Fund legacy programs 0.4 0.0 0.4 Developing countries other 0.5 0 .1 0 .2 0.2 1.0 Europe other 0 .1 0.1 Pacific Rim other 1 .4 0.3 1 .0 0 .2 2.9 Foundations other 0.3 0 .6 0.1 2 .1 0 .2 1.2 1.4 0 .6 0 .1 0 .1 0 .4 0.3 7.4 International and Regional Organisations 1.1 3.8 5 .6 3.1 1 .5 2 .6 0.9 1.6 10.0 2 .8 2 .8 0 .8 1 .0 2 .2 0.3 4 0.1 Multi donor projects 0.9 2 .0 0 .4 3 .6 6.9 Universities and other Academic Institutio n s 0.1 0.1 3 .1 0.2 3 .0 0 .1 0.8 0.8 2 .0 2 .9 1 .6 1 .2 0 .3 1 .3 0.2 1 7.7 Private Sector 2 .3 0 .7 0 .6 0.4 0.9 0 .3 0 .7 1 .1 0 .8 0.2 8.0 Other small donations 0.1 1 .3 0.7 0 .9 0 .2 0.2 0.1 1 .1 0 .9 0 .9 1 .1 0 .6 0 .4 1.1 0 .1 9.7 Total Other 2 .6 4.3 12.9 4.1 9.6 3.8 3.9 5 .1 15.5 7.9 6.4 4.6 2.0 9.1 2.3 0.1 94.1 of which $0.6 is unrestriched ($0.5 From Developing Countries other to Africa Rice, and £0.1 from Others to Systems Entities) Remaining $93.5m is restricted 33 Table A3.1 CGIAR Expenditure by Center1 ($ million) 2007 2008 2009 2010 2011 AfricaRice 1 0.3 1 0.9 1 9.8 2 0.3 2 1.2 Bioversity 3 7.6 3 7.9 3 6.3 3 8.5 3 6.2 CIAT 4 8.9 4 7.3 4 7.0 5 6.1 8 6.6 CIFOR 1 6.9 2 0.6 2 2.7 2 4.9 3 4.5 CIMMYT 4 3.9 4 1.7 4 4.3 5 6.0 7 2.8 CIP 2 6.1 2 7.6 3 1.8 3 3.0 3 3.7 ICARDA 2 7.1 3 2.0 3 2.5 3 8.3 3 7.0 ICRISAT 3 7.8 4 7.9 4 9.9 6 1.2 6 5.3 IFPRI 4 5.7 4 8.3 5 8.4 6 6.6 7 9.5 IITA 4 4.7 5 1.0 5 1.3 5 2.0 4 6.7 ILRI 4 0.6 4 2.6 5 7.3 4 3.3 4 2.7 IRRI 3 7.7 4 1.4 5 0.1 5 7.2 8 6.3 IWMI 2 4.0 2 5.2 2 5.7 2 6.9 3 2.4 World Agroforestry 3 0.4 2 8.3 3 4.9 3 6.9 4 1.9 WorldFish 1 7.3 2 0.8 1 7.9 1 6.2 1 7.5 Agreed agenda 489 524 580 627 734 System level System Level Activities 1 0.3 1 6.1 1 8.9 1 7.4 9 .4 less Inter-Center CRP Activities ( 44.6) less Inter-Center Activities ( 10.2) ( 15.8) ( 20.3) ( 17.6) ( 21.4) Subtotal System Level 0 .1 0 .3 (1.4) (0.1) ( 56.6) Total 489 524 579 627 678 plus Challenge Programs Partners 1 6.5 1 8.3 2 4.5 2 9.9 2 9.3 Total CGIAR Program 506 542 603 657 707 1 All expenditure in the following tables has been adjusted to exclude inter-Center payments for CRP and other services 34 Table A3.2 Centers' Research Agenda Expenditure by Object, 2011 ($ million) Collaboration - CGIAR Collaboration Total Personnel Supplies Centers - Others Travel Depreciation AfricaRice 21.3 7.7 6.1 3.7 1.5 2.3 Bioversity 36.2 20.0 7.7 6.8 1.4 0.3 CIAT 59.2 28.7 12.1 11.7 4.5 2.2 CIFOR 28.0 12.1 7.3 5.8 2.1 0.7 CIMMYT 72.8 26.2 23.6 14.4 3.8 4.8 CIP 33.7 15.6 9.3 5.2 2.1 1.5 ICARDA 37.0 14.9 10.9 5.5 4.0 1.7 ICRISAT 65.3 31.2 13.8 14.6 3.5 2.2 IFPRI 79.5 33.6 14.2 25.7 5.1 0.9 IITA 46.6 19.1 15.6 6.8 3.5 1.6 ILRI 43.0 20.7 14.6 3.1 3.0 1.6 IRRI 74.0 26.5 21.2 17.0 4.0 5.3 IWMI 32.5 14.9 8.6 4.7 3.6 0.7 World Agroforestry 41.9 17.2 11.9 5.3 5.8 1.7 WorldFish 17.4 8.9 4.8 1.4 2.2 0.1 Subtotal 688 297 182 - 132 50 28 System level System Level Activities 9.4 less Inter-Center activities ( 21.4) plus Challenge Programs Partners 29.3 Total CGIAR Program 707 Total Personnel Supplies Collaboration Travel Depreciation AfricaRice 21.3 36% 29% 0% 17% 7% 11% Bioversity 36.2 55% 21% 0% 19% 4% 1% CIAT 59.2 48% 20% 0% 21% 8% 4% CIFOR 28.0 43% 26% 0% 21% 8% 3% CIMMYT 72.8 36% 32% 0% 20% 5% 7% CIP 33.7 46% 28% 0% 15% 6% 4% ICARDA 37.0 40% 29% 0% 15% 11% 5% ICRISAT 65.3 48% 21% 0% 22% 5% 3% IFPRI 79.5 42% 18% 0% 32% 6% 1% IITA 46.6 41% 32% 0% 15% 8% 3% ILRI 43.0 48% 33% 0% 7% 7% 4% IRRI 74.0 36% 29% 0% 23% 5% 7% IWMI 32.5 46% 26% 0% 14% 11% 2% World Agroforestry 41.9 41% 28% 0% 13% 14% 4% WorldFish 17.4 51% 28% 0% 8% 13% 1% Total Center Level 688 43.00% 26.00% 0.00% 19.00% 7.00% 4.00% 35 Table A3.3 Centers' Research Agenda Expenditure by Region, 2011 ($ million and percentages) 1 Expenditure SubSaharan Asia Latin America CWANA $ % $ % $ % $ % $ AfricaRice 21.2 100% 21.2 0% 0.0 0% 0.0 0% 0.0 Bioversity 36.2 39% 14.1 36% 13.0 19% 6.9 6% 2.2 CIAT 59.3 54% 31.9 10% 5.9 36% 21.3 0% 0.0 CIFOR 28.0 5% 1.3 38% 10.6 24% 6.7 33% 9.2 CIMMYT 72.8 43% 31.3 20% 14.6 35% 25.5 2% 1.5 CIP 33.7 60% 19.9 17% 5.7 14% 4.7 10% 3.4 ICARDA 37.0 19% 7.0 16% 5.9 2% 0.7 63% 23.3 ICRISAT 65.3 53% 34.6 47% 30.7 0% - 0% 0.0 IFPRI 79.5 50% 39.8 33% 26.2 13% 10.3 4% 3.2 IITA 46.7 100% 46.7 0% 0.0 0% 0.0 0% 0.0 ILRI 43.0 61% 26.2 22% 9.5 9% 3.9 8% 3.4 IRRI 74.0 7% 5.2 92% 68.1 1% 0.7 0.0 IWMI 32.4 45% 14.6 40% 13.0 0% 0.0 15% 4.9 World Agroforestry 41.9 63% 26.0 31% 13.0 7% 2.9 0% 0.0 WorldFish 17.4 21% 3.6 71% 12.4 0% 0.0 8% 1.4 Subtotal 688 47% 323 34% 229 12% 84 8% 52 1 Central and West Asia and North Africa 36 Table A3.4 Center's Staffing 2007 2008 2009 2010 2011 International Other International Other International Other International Other International Other AfricaRice 45 197 47 237 56 249 58 270 59 255 Bioversity 71 187 71 187 70 180 60 156 60 198 CIAT 87 683 82 645 92 643 95 692 90 700 CIFOR 37 132 43 138 40 131 52 131 72 125 CIMMYT 72 534 77 521 85 521 101 542 143 468 CIP 59 473 59 456 64 483 62 520 71 518 ICARDA 95 413 93 426 93 432 91 515 96 528 ICRISAT 59 1,015 64 1,099 73 1,031 82 1,108 73 1,146 IFPRI 107 114 107 125 118 228 132 245 146 316 IITA 111 1,007 103 968 97 882 100 857 102 881 ILRI 92 680 83 617 110 573 102 546 103 482 IRRI 74 831 149 827 134 921 131 998 133 1,080 IWMI 95 235 86 178 91 174 97 185 106 196 World Agroforestry 49 235 50 259 72 259 78 307 77 317 WorldFish 43 250 49 221 43 215 37 209 42 201 Total 1,096 6,986 1,163 6,904 1,238 6,922 1,278 7,281 1,373 7,411 37 Table A4.1 Centers' Financial Position, December 31, 2011 ($million) World AfricaRice Bioversity CIAT CIFOR CIMMYT CIP ICARDA ICRISAT IFPRI IITA ILRI IRRI IWMI Agroforestry WorldFish TOTAL Assets Current assets Cash and cash equivalents 12.2 1 59.3 31.9 2 1.7 70.1 2 2.9 28.0 1 5.4 42.5 4 7.9 53.1 4 3.0 30.6 3 4.3 1 3.1 6 26.2 Accounts receivable Donors 5.8 7 .7 12.0 2 .8 18.0 4 .0 9.5 3 .7 16.8 2 .9 10.2 8 .2 3.2 7 .2 3.0 1 15.1 Employees 0.4 - 0.7 0 .5 - 0 .1 0.5 0 .5 - 0 .4 0.5 0 .2 0.3 0 .1 0.1 4 .2 Others 0.3 0 .7 5.8 1 .0 3 .0 0 .7 1.7 7 .1 3.0 0 .5 6.4 2 .5 0.7 3 .8 0.5 3 7.5 Inventories 0.3 - 0.5 - 0 .7 0 .3 0.4 1 .0 - 0 .4 0.8 0 .5 0.0 0 .1 - 5 .1 Prepaid expenses 0.4 0 .3 0.1 0 .4 - 0 .4 0.6 0 .5 - 0 .4 0.5 0 .1 0.2 0 .7 0.2 5 .0 Other current assets - - - 2 .5 0.7 0 .1 1.0 - - - 4 .3 Total current assets 1 9.5 1 68.0 5 1.0 2 6.5 9 1.8 3 1.0 4 0.8 2 8.2 6 2.9 5 2.5 7 2.5 5 4.4 3 5.1 4 6.2 1 6.9 7 97.3 Non-current assets Net property, plant and equipment 0.5 1 .4 6.4 2 .5 18.0 4 .4 5.0 6 .0 3.2 1 0.2 8.0 1 1.5 1.7 5 .4 0.1 8 4.2 Investments 18.2 - - 0 .1 - 4 9.4 26.2 - - 2 7.8 - 3 .0 - 1 24.7 Other assets 0.1 1 .8 - - - 3 .3 - - 0.0 - - - - 5 .1 Total non-current assets 0 .5 1.4 24.7 4 .3 1 8.0 4 .5 5 .0 58.7 29.4 10.2 8 .0 39.3 1 .7 8.4 0.1 214.1 - Total assets 2 0.0 1 69.4 7 5.6 3 0.7 1 09.8 3 5.5 4 5.7 8 6.9 9 2.4 6 2.7 8 0.5 9 3.7 3 6.7 5 4.6 1 7.1 1 ,011.4 Liabilities and net assets Current liabilities Accounts payable Donors 2.8 7 .9 14.7 5 .4 40.4 1 5.3 12.6 2 3.0 20.8 2 0.4 37.6 3 1.9 11.4 1 2.4 4.6 2 61.0 In-trust Accounts - - - - - - - - - - - - - - - Employees 0.6 1 .4 0.1 0 .4 0 .5 0 .2 2.6 1 .8 2.4 4 .6 1.8 - 1.4 0 .9 - 1 8.8 Others 0.7 1 40.8 36.2 0 .8 13.6 5 .2 3.8 1 8.1 39.1 7 .7 2.7 1 1.6 2.7 3 .0 1.6 2 87.6 Accruals and provisions 3.9 1 .8 2.6 2 .3 0 .6 0 .4 4.5 2 .4 - 0 .2 6.4 8 .4 0.7 6 .3 2.6 4 3.1 Total current liabilities 8 .0 1 51.9 5 3.6 8 .9 5 5.1 2 1.1 2 3.5 4 5.3 6 2.3 3 2.9 4 8.6 5 1.9 1 6.2 2 2.6 8 .8 6 10.5 Long-term liabilities Long-term loan - - - - - - - - - - - - - - Others - 6 .3 2.2 5 .1 7 .5 1 .9 6.8 1 1.1 5.5 - 3.3 - 2.6 5 .3 - 5 7.6 Total long-term liabilities - 6.3 2 .2 5 .1 7.5 1 .9 6 .8 11.1 5 .5 - 3 .3 - 2 .6 5.3 - 57.6 Total liabilities 8 .0 158.2 55.8 14.0 6 2.6 23.0 30.3 56.3 67.8 32.9 51.9 51.9 18.8 27.9 8.8 668.1 Net assets Unrestricted Unrestricted net assets excluding fixed assets 11.5 9.8 13.5 14.2 29.2 8.1 10.5 22.4 21.4 19.6 20.7 30.3 16.3 21.4 8.2 256.9 Fixed assets 0.5 1.4 6.4 2.5 18.0 4.4 5.0 6.0 3.2 10.2 8.0 11.5 1.7 5.4 0.1 84.2 Unrestricted net assets 12.0 11.2 19.8 16.7 4 7.2 12.6 15.4 28.5 24.6 29.8 28.7 41.8 17.9 26.8 8.3 341.1 Restricted - - - - - - 2.1 - - - - - - - 2.1 Total net assets 1 2.0 1 1.2 1 9.8 1 6.7 4 7.2 1 2.6 1 5.4 3 0.6 2 4.6 2 9.8 2 8.7 4 1.8 1 7.9 2 6.8 8 .3 3 43.3 Total liabilities and net assets 2 0.0 1 69.4 7 5.6 3 0.7 1 09.8 3 5.5 4 5.7 8 6.9 9 2.4 6 2.7 8 0.5 9 3.7 3 6.7 5 4.6 1 7.1 1 ,011.4 38 Table A4.2 Additions to Property, Plant and Equipment by Center ($ million) 2007 2008 2009 2010 2011 AfricaRice 0.6 0.3 1.2 1.2 0.1 Bioversity 0.3 0.5 0.3 0.5 0.9 CIAT 1.0 2.7 2.6 2.6 2.8 CIFOR 0.6 0.4 0.7 0.7 0.1 CIMMYT 1.4 2.0 4.6 4.9 1.7 CIP 0.9 1.0 2.0 2.2 0.6 ICARDA 0.5 0.7 1.5 1.3 1.5 ICRISAT 1.0 1.1 3.1 2.8 4.5 IFPRI 2.5 0.4 1.2 0.6 0.3 IITA 1.0 1.3 2.3 5.3 0.6 ILRI 4.3 7.4 6.7 2.5 4.3 IRRI 3.6 2.0 3.2 4.6 1.8 IWMI 0.2 0.3 0.5 0.4 1.0 World Agroforestry 0.5 0.8 1.0 0.9 1.2 WorldFish 0.3 0.3 0.1 0.0 0.6 Total 18.7 21.2 30.9 30.4 22.0 39 1 Table A5.1 CGIAR Expenditure ($ million) 1972-2007 2008 2009 2010 2011 TOTAL $ % $ % $ % $ % $ % $ % Center AfricaRice 243 3% 11 2% 20 3% 20 3% 21 3% 316 3% Bioversity 448 5% 38 8% 36 6% 39 6% 36 5% 597 5% CIAT 943 10% 47 9% 47 8% 56 9% 59 9% 1,152 10% CIFOR 177 2% 21 4% 23 4% 25 4% 28 4% 273 2% CIMMYT 976 11% 42 8% 44 8% 56 9% 73 11% 1,190 11% CIP 563 6% 28 5% 32 5% 33 5% 34 5% 689 6% ICARDA 659 7% 32 6% 33 6% 38 6% 37 5% 799 7% ICRISAT 849 9% 48 9% 50 9% 61 10% 65 9% 1,073 9% IFPRI 464 5% 48 9% 58 10% 67 11% 80 12% 717 5% IITA 1,038 11% 51 10% 51 9% 52 8% 47 7% 1,239 11% ILRI 853 9% 43 8% 57 10% 43 7% 43 6% 1,040 9% IRRI 1,022 11% 41 8% 50 9% 57 9% 74 11% 1,245 11% 2 ISNAR 193 2% 0 0% 0 0% 0 0% 0.00 0% 193 2% IWMI 229 2% 25 5% 26 4% 27 4% 32 5% 339 3% World Agroforestry 355 4% 28 5% 35 6% 37 6% 42 6% 497 4% WorldFish 180 2% 21 4% 18 3% 16 3% 17 2% 252 2% Total 9,193 100% 524 100% 580 100% 627 100% 688 100% 11,612 100% 0 0 Region 0 Sub-Saharan Africa 3,953 43% 246 47% 294 51% 313 50% 323 48% 5,129 43% Asia 2,814 31% 160 31% 165 29% 181 30% 229 33% 3,549 31% Latin America & the Carribean 1,429 16% 63 12% 75 13% 82 13% 84 12% 1,732 15% Central and West Asia & North Africa 997 11% 55 10% 47 7% 51 7% 52 7% 1,202 11% Total 9,193 100% 524 100% 580 100% 627 100% 688 100% 11,612 100% 0 Object 0 Personnel 4,661 51% 229 44% 245 42% 268 43% 296 43% 5,699 49% Collaboration & partnership costs - Others 310 3% 86 16% 105 18% 112 18% 110 16% 724 6% Supplies & services 2,933 32% 151 29% 156 27% 173 27% 206 30% 3,619 31% Travel 651 7% 40 8% 41 7% 48 8% 48 7% 829 7% Depreciation 637 6% 18 3% 33 6% 26 4% 28 4% 741 6% Total 9,193 100% 524 100% 580 100% 627 100% 688 100% 11,612 100% 1 This data is aggregated at the Center level. 2 The International Service for National Agricultural Research (ISNAR) was subsumed in part under IFPRI after 2004. 40 Table A6.1 Africa Rice Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 8.5 CRP Window 3 and Bi-lateral 11.7 Total CRP Revenue - - - - 20.2 Non-CRP Restricted 5.2 5.8 16.7 14.0 0.3 Unrestricted 5.0 6.8 5.6 8.3 1.8 Total non-CRP Revenue 10.2 12.6 22.3 22.3 2.1 10.2 12.6 22.3 22.3 22.3 Other 0.2 0.3 0.1 0.1 0.1 Total Revenue 10.4 12.9 22.4 22.4 22.4 Object of Expenditure Personnel costs 53% 50% 32% 32% 36% Supplies & Services 27% 27% 28% 34% 29% Collaboration CGIAR Collaboration & Partnerships 8% 11% 29% 21% 17% Travel 6% 6% 6% 7% 7% Depreciation 6% 5% 5% 6% 11% Total Expenditure 10.3 10.9 19.8 20.3 21.2 Results of Operations 0.1 2.0 2.6 2.1 1.2 Staffing Internationally recruited 45 47 56 58 59 Nationally recruited 197 237 249 270 255 Total 242 284 305 328 314 Indicators Working Capital 114 181 152 195 222 Current Ratio 1.6 2.0 1.8 2.5 2.4 Reserves expressed in working days 114 181 152 195 222 Fixed Assets Capital Expenditure ($m) 0.6 0.3 1.2 1.2 2.3 Capital Expenditure/Depreciation 87% 53% 119% 101% 98% Indirect/Direct cost ratio 33% 29% 15% 16% 14% 41 Table A6.2 Bioversity Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 6.3 CRP Window 3 and Bi-lateral Total CRP Win 1/2 Revenue - - - - 6.3 Non-CRP Restricted 20.7 19.2 20.0 20.5 19.7 Unrestricted 18.3 17.8 15.7 19.0 10.0 Total non-CRP Win 1/2 Revenue 39.0 37.0 35.7 39.5 29.7 39.0 37.0 35.7 39.5 36.0 Other 0.3 1.1 0.1 - 0.9 Total Revenue 39.3 38.1 35.8 39.5 36.9 Object of Expenditure Personnel costs 52% 57% 57% 53% 55% Supplies & Services 25% 20% 20% 27% 21% Collaboration CGIAR Collaboration & Partnerships 17% 17% 18% 15% 19% Travel 5% 5% 4% 4% 4% Depreciation 1% 1% 1% 1% 1% Total Expenditure 37.6 37.9 36.3 38.5 36.2 Cash Expenditure 37.2 37.5 35.9 38.1 35.9 Results of Operations 1.7 0.2 - 0.5 1.0 0.7 Staffing Internationally recruited 71 71 70 60 60 Nationally recruited 187 187 180 156 198 Total 258 258 250 216 258 Indicators Working Capital 123 121 126 137 168 Current Ratio 1.4 1.2 1.2 1.1 1.1 Reserves expressed in working days 82 81 82 90 114 Fixed Assets Capital Expenditure ($m) 0.3 0.5 0.3 0.5 0.3 Capital Expenditure/Depreciation 71% 87% 56% 93% 96% Indirect/Direct cost ratio 19% 19% 20% 17% 18% 42 Table A6.3 CIAT Program Highlights ($ million) 2007 2008 2009 2010 2011 CRP Window 3 and Bi-lateral 8.3 Total CRP Revenue - - - - 20.7 Non-CRP Restricted 31.6 33.8 34.1 39.8 32.8 Unrestricted 13.5 12.5 13.9 16.3 6 .1 Total non-CRP Revenue 45.1 46.3 48.0 56.1 38.9 45.1 46.3 48.0 56.1 59.6 Other 1.7 1.9 1.2 6.1 2 .8 Total Revenue 46.8 48.2 49.2 62.2 62.4 Object of Expenditure Personnel costs 38% 42% 48% 48% 47% Supplies & Services 36% 27% 19% 18% 20% CGIAR Collaboration 0% 0% 0% 0% 3% Collaboration & Partnerships 15% 19% 22% 24% 19% Travel 7% 8% 6% 7% 7% Depreciation 3% 4% 5% 3% 4% Total Expenditure 48.9 47.3 47.0 56.1 61.0 Cash Expenditure 47.4 45.4 44.7 54.4 58.8 Results of Operations - 2.1 0.9 2.2 6.1 1.4 Staffing Internationally recruited 87 82 92 95 9 0 Nationally recruited 683 645 643 692 700 Total 770 727 735 787 790 Indicators Working Capital 50 31 69 95 97 Current Ratio 1.2 1.1 1.3 1.4 1.0 Reserves expressed in working days 39 39 56 84 83 Fixed Assets Capital Expenditure ($m) 1.0 2.7 2.6 2.6 3 .0 Capital Expenditure/Depreciation 66% 135% 114% 140% 136% Indirect/Direct cost ratio 20% 18% 12% 12% 15% 43 Table A6.4 CIFOR Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 4.8 CRP Window 3 and Bi-lateral 8.3 Total CRP Revenue - - - - 13.1 Non-CRP Restricted 9.8 11.7 13.9 15.4 10.4 Unrestricted 8.4 9.6 9.7 11.6 6 .4 Total non-CRP Revenue 18.2 21.3 23.6 27.0 16.8 18.2 21.3 23.6 27.0 29.9 Other 0.6 0.6 0.3 0.1 0 .1 Total Revenue 18.8 21.9 23.9 27.1 30.0 Object of Expenditure Personnel costs 49% 39% 42% 42% 43% Supplies & Services 15% 23% 24% 27% 26% CGIAR Collaboration Collaboration & Partnerships 29% 29% 24% 22% 21% Travel 6% 8% 7% 7% 7% Depreciation 2% 2% 3% 2% 3% Total Expenditure 16.9 20.6 22.7 24.9 28.0 Results of Operations 1.9 1.3 1.2 2.2 2.0 Staffing Internationally recruited 37 43 40 52 7 2 Nationally recruited 132 138 131 131 125 Total 169 181 171 183 197 Indicators Working Capital 219 213 216 236 259 Current Ratio 2.2 2.5 1.7 2.1 3.0 Reserves expressed in working days 182 176 175 190 191 Fixed Assets Capital Expenditure ($m) 0.6 0.4 0.7 0.7 1 .1 Capital Expenditure/Depreciation 185% 129% 121% 129% 156% Indirect/Direct cost ratio 20% 20% 29% 28% 19% 44 Table A6.5 CIMMYT Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 7.7 CRP Window 3 and Bi-lateral 25.5 Total CRP Revenue - - - - 33.2 Non-CRP Restricted 29.9 29.8 38.1 43.5 40.5 Unrestricted 13.4 11.0 10.7 15.3 6 .2 Total non-CRP Revenue 43.3 40.8 48.8 58.8 46.7 43.3 40.8 48.8 58.8 79.9 Other 2.6 2.3 1.6 2.0 1 .7 Total Revenue 45.9 43.1 50.4 60.8 81.6 Object of Expenditure Personnel costs 45% 42% 40% 37% 36% Supplies & Services 29% 32% 29% 35% 32% CGIAR Collaboration Collaboration & Partnerships 17% 16% 18% 17% 20% Travel 5% 5% 6% 5% 5% Depreciation 4% 5% 7% 6% 7% Total Expenditure 43.9 41.7 44.3 56.0 72.8 Results of Operations 2.0 1.4 6.1 4.8 8.8 Staffing Internationally recruited 72 77 85 101 143 Nationally recruited 534 521 521 542 468 Total 606 598 606 643 611 Indicators Working Capital 142 165 217 192 197 Current Ratio 1.8 1.9 1.6 1.7 1.7 Reserves expressed in working days 91 106 153 141 157 Fixed Assets Capital Expenditure ($m) 1.4 2.0 4.6 4.9 5 .7 Capital Expenditure/Depreciation 80% 98% 154% 150% 117% Indirect/Direct cost ratio 19% 19% 14% 16% 10% 45 Table A6.6 CIP Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 3.7 CRP Window 3 and Bi-lateral Total CRP Revenue - - - - 3.7 Non-CRP Restricted 17.7 19.0 20.6 21.4 20.3 Unrestricted 8.3 8.5 12.1 12.1 9 .2 Total non-CRP Revenue 26.0 27.5 32.7 33.5 29.5 26.0 27.5 32.7 33.5 33.2 Other 0.8 0.5 0.6 0.6 0 .6 Total Revenue 26.8 28.0 33.3 34.1 33.8 Object of Expenditure Personnel costs 40% 43% 40% 42% 46% Supplies & Services 33% 31% 34% 32% 27% CGIAR Collaboration Collaboration & Partnerships 15% 15% 13% 13% 15% Travel 8% 8% 8% 8% 6% Depreciation 4% 3% 5% 5% 5% Total Expenditure 26.1 27.6 31.8 33.0 33.7 Results of Operations 0.7 0.4 1.5 1.1 0.1 Staffing Internationally recruited 59 59 64 62 7 1 Nationally recruited 473 456 483 520 518 Total 532 515 547 582 589 Indicators Working Capital 104 92 104 120 113 Current Ratio 1.5 1.4 1.4 1.5 1.5 Reserves expressed in working days 92 84 90 100 92 Fixed Assets Capital Expenditure ($m) 0.9 1.0 2.0 2.2 1 .6 Capital Expenditure/Depreciation 98% 134% 131% 121% 102% Indirect/Direct cost ratio 12% 13% 14% 21% 21% 46 Table A6.7 ICARDA Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 2.5 CRP Window 3 and Bi-lateral Total CRP Revenue - - - - 2.5 Non-CRP Restricted 17.2 19.3 19.4 25.9 23.9 Unrestricted 10.5 10.8 12.4 12.8 9 .5 Total non-CRP Revenue 27.7 30.1 31.8 38.7 33.4 27.7 30.1 31.8 38.7 35.9 Other 1.1 1.8 1.3 0.7 1 .5 Total Revenue 28.8 31.9 33.1 39.4 37.4 Object of Expenditure Personnel costs 41% 38% 38% 34% 40% Supplies & Services 35% 36% 34% 35% 29% CGIAR Collaboration Collaboration & Partnerships 9% 10% 12% 12% 15% Travel 10% 12% 12% 12% 11% Depreciation 5% 5% 4% 7% 5% Total Expenditure 27.1 32.0 32.5 38.3 37.0 Results of Operations 1.7 - 0.1 0.6 1.1 0.4 Staffing Internationally recruited 95 93 93 91 9 6 Nationally recruited 413 426 432 515 528 Total 508 519 525 606 624 Indicators Working Capital 200 205 163 151 178 Current Ratio 1.9 1.9 1.6 1.6 1.7 Reserves expressed in working days 149 124 121 114 108 Fixed Assets Capital Expenditure ($m) 0.5 0.7 1.5 1.3 2 .7 Capital Expenditure/Depreciation 36% 50% 113% 53% 160% Indirect/Direct cost ratio 22% 21% 18% 18% 17% 47 Table A6.8 ICRISAT Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 4.2 CRP Window 3 and Bi-lateral 1.8 Total CRP Revenue - - - - 6.0 Non-CRP Restricted 25.4 34.1 33.5 43.7 46.1 Unrestricted 12.0 13.9 14.3 16.2 10.4 Total non-CRP Revenue 37.4 48.0 47.8 59.9 56.5 37.4 48.0 47.8 59.9 62.5 Other 4.9 2.6 4.2 4.8 4.5 Total Revenue 42.3 50.6 52.0 64.7 67.0 Object of Expenditure Personnel costs 49% 45% 47% 45% 48% Supplies & Services 32% 29% 26% 23% 21% CGIAR Collaboration Collaboration & Partnerships 6% 14% 15% 20% 22% Travel 8% 8% 7% 7% 5% Depreciation 5% 4% 5% 5% 3% Total Expenditure 37.8 47.9 49.9 61.2 65.3 Results of Operations 4.5 2.7 2.1 3.5 1.7 Staffing Internationally recruited 59 64 73 82 73 Nationally recruited 1 ,015 1 ,099 1 ,031 1 ,108 1 ,146 Total 1,074 1,163 1,104 1,190 1,219 Indicators Working Capital 206 170 169 205 187 Current Ratio 1.7 1.9 1.6 1.8 0.6 Reserves expressed in working days 148 127 132 130 130 Fixed Assets Capital Expenditure ($m) 1.0 1.1 3.1 2.8 2.8 Capital Expenditure/Depreciation 58% 51% 138% 98% 129% Indirect/Direct cost ratio 23% 23% 23% 23% 18% 48 Table A6.9 IFPRI Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 0.5 CRP Window 3 and Bi-lateral 2.1 Total CRP Revenue - - - - 2.6 Non-CRP Restricted 32.9 34.4 45.6 51.8 62.2 Unrestricted 13.5 15.5 16.9 19.1 16.6 Total non-CRP Revenue 46.4 49.9 62.5 70.9 78.8 46.4 49.9 62.5 70.9 81.4 Other 1.7 0.4 0.6 - 0.4 0 .3 Total Revenue 48.1 50.3 63.1 70.5 81.7 Object of Expenditure Personnel costs 42% 46% 44% 45% 42% Supplies & Services 17% 15% 17% 18% 18% CGIAR Collaboration Collaboration & Partnerships 30% 31% 31% 29% 32% Travel 8% 7% 7% 7% 6% Depreciation 2% 2% 1% 1% 1% Total Expenditure 45.7 48.3 58.4 66.6 79.5 Results of Operations 2.4 2.0 4.7 3.9 2.2 Staffing Internationally recruited 107 107 118 132 Nationally recruited 114 125 228 245 Total 221 232 346 377 - Indicators Working Capital 94 114 128 137 125 Current Ratio 1.4 1.4 1.4 1.4 1.0 Reserves expressed in working days 81 94 108 116 99 Fixed Assets Capital Expenditure ($m) 2.5 0.4 1.2 0.6 1 .6 Capital Expenditure/Depreciation 345% 50% 159% 75% 179% Indirect/Direct cost ratio 16% 16% 17% 16% 14% 49 Table A6.10 IITA Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 2.4 CRP Window 3 and Bi-lateral 3.1 Total CRP Revenue - - - - 5.5 Non-CRP Restricted 32.0 35.3 34.2 36.0 27.5 Unrestricted 13.1 13.1 14.7 15.4 13.8 Total non-CRP Revenue 45.1 48.4 48.9 51.4 41.3 45.1 48.4 48.9 51.4 46.8 Other 1.7 2.9 3.8 0.8 0 .6 Total Revenue 46.8 51.3 52.7 52.2 47.4 Object of Expenditure Personnel costs 43% 38% 39% 38% 41% Supplies & Services 41% 33% 35% 35% 33% CGIAR Collaboration Collaboration & Partnerships 17% 19% 16% 15% 14% Travel 6% 7% 7% 8% 8% Depreciation 3% 2% 3% 4% 3% Total Expenditure 44.7 51.0 51.3 52.0 46.7 Cash Expenditure 43.4 50.0 49.8 49.9 45.1 Results of Operations 2.1 0.3 1.4 0.2 0.7 Staffing Internationally recruited 111 103 97 100 102 Nationally recruited 1 ,007 968 882 857 881 Total 1,118 1,071 979 957 983 Indicators Working Capital 175 158 161 135 159 Current Ratio 1.9 2.0 1.8 1.9 1.6 Reserves expressed in working days 175 158 161 135 159 Fixed Assets Capital Expenditure ($m) 1.0 1.3 2.3 5.3 1 .5 Capital Expenditure/Depreciation 76% 102% 168% 268% 94% Indirect/Direct cost ratio 21% 20% 20% 17% 16% 50 Table A6.11 ILRI Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 4.2 CRP Window 3 and Bi-lateral 1.8 Total CRP Revenue - - - - 6.0 Non-CRP Restricted 21.1 25.1 37.7 23.5 19.1 Unrestricted 14.1 14.8 17.0 17.7 14.4 Total non-CRP Revenue 35.2 39.9 54.7 41.2 33.5 35.2 39.9 54.7 41.2 39.5 Other 3.8 4.2 3.8 3.3 4 .1 Total Revenue 39.0 44.1 58.5 44.5 43.6 Object of Expenditure Personnel costs 44% 47% 34% 45% 48% Supplies & Services 36% 35% 26% 34% 34% CGIAR Collaboration Collaboration & Partnerships 10% 7% 11% 6% 7% Travel 6% 7% 6% 7% 7% Depreciation 4% 4% 23% 8% 4% Total Expenditure 40.6 42.6 57.3 43.3 42.7 Cash Expenditure 39.0 40.9 44.1 39.8 41.1 Results of Operations - 1.6 1.5 1.2 1.2 0.9 Staffing Internationally recruited 92 83 110 102 103 Nationally recruited 680 617 573 546 482 Total 772 700 683 648 585 Indicators Working Capital 144 117 172 202 213 Current Ratio 1.7 1.5 2.0 2.0 1.5 Reserves expressed in working days 130 90 151 178 184 Fixed Assets Capital Expenditure ($m) 4.3 7.4 6.7 2.5 2 .4 Capital Expenditure/Depreciation 260% 455% 50% 74% 149% Indirect/Direct cost ratio 17% 16% 14% 23% 23% 51 Table A6.12 IRRI Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 23.2 CRP Window 3 and Bi-lateral 48.4 Total CRP Revenue - - - - 71.6 Non-CRP Restricted 18.9 23.9 33.7 40.8 1.2 Unrestricted 13.6 13.5 14.4 15.9 2.9 Total non-CRP Revenue 32.5 37.4 48.1 56.7 4.1 32.5 37.4 48.1 56.7 75.7 Other 2.3 0.3 1.8 1.7 1.8 Total Revenue 34.8 37.7 49.9 58.4 77.5 Object of Expenditure Personnel costs 41% 43% 39% 39% 36% Supplies & Services 32% 32% 26% 25% 29% CGIAR Collaboration Collaboration & Partnerships 13% 11% 21% 24% 23% Travel 8% 8% 8% 6% 5% Depreciation 6% 6% 6% 6% 7% Total Expenditure 37.7 41.4 50.1 57.2 74.0 Cash Expenditure 35.4 38.9 47.1 53.8 68.7 Results of Operations - 2.9 - 3.7 - 0.2 1.2 3.5 Staffing Internationally recruited 74 149 134 131 133 Nationally recruited 831 827 921 998 1 ,080 Total 905 976 1,055 1,129 1,213 Indicators Working Capital 309 260 206 181 161 Current Ratio 2.2 1.8 1.6 1.6 1.0 Reserves expressed in working days 309 260 206 181 161 Fixed Assets Capital Expenditure ($m) 3.6 2.0 3.2 4.6 5.2 Capital Expenditure/Depreciation 158% 81% 103% 131% 97% Indirect/Direct cost ratio 20% 17% 12% 13% 11% 52 Table A6.13 IWMI Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 2.3 CRP Window 3 and Bi-lateral 0 .5 Total CRP Revenue - - - - 2.8 Non-CRP Restricted 16.0 17.0 18.9 19.0 21.8 Unrestricted 7.5 9.1 9.3 11.2 9 .5 Total non-CRP Grant Revenue 23.5 26.1 28.2 30.2 31.3 Total Grant Revenue 23.5 26.1 28.2 30.2 34.1 Other Income 0.6 0.7 0.5 0.6 1 .0 Total Revenue 24.1 26.8 28.7 30.8 35.1 Object of Expenditure Personnel costs 49% 45% 47% 48% 46% Supplies & Services 33% 37% 31% 26% 26% CGIAR Collaboration Collaboration & Partnerships 7% 7% 11% 15% 14% Travel 8% 8% 9% 9% 11% Depreciation 3% 2% 2% 2% 2% Total Expenditure 24.0 25.2 25.7 26.9 32.4 Cash Expenditure 23.3 24.7 25.2 26.4 31.7 Results of Operations 0.1 1.6 3.0 3.9 2.7 Staffing Internationally recruited 95 86 91 97 106 Nationally recruited 235 178 174 185 196 Total 330 264 265 282 302 Indicators Working Capital 114 132 170 219 217 Current Ratio 1.5 1.7 1.6 2.0 2.2 Reserves expressed in working days 77 104 140 188 187 Fixed Assets Capital Expenditure ($m) 0.2 0.3 0.5 0.4 1 .0 Capital Expenditure/Depreciation 30% 64% 91% 57% 143% Indirect/Direct cost ratio 26% 26% 21% 21% 17% 53 Table A6.14 World AgroForestry Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 9.4 CRP Window 3 and Bi-lateral 9.1 Total CRP Revenue - - - - 18.5 Non-CRP Restricted 21.7 17.6 21.1 26.0 17.7 Unrestricted 9.8 11.7 12.4 14.0 5 .7 Total non-CRP Grant Revenue 31.5 29.3 33.5 40.0 23.4 Total Grant Revenue 31.5 29.3 33.5 40.0 41.9 Other Income 1.6 2.0 3.0 2.1 1 .2 Total Revenue 33.1 31.3 36.5 42.1 43.1 Object of Expenditure Personnel costs 41% 42% 41% 43% 41% Supplies & Services 30% 31% 38% 29% 28% CGIAR Collaboration Collaboration & Partnerships 14% 12% 10% 11% 13% Travel 12% 13% 9% 14% 14% Depreciation 3% 3% 2% 3% 4% Total Expenditure 30.4 28.3 34.9 36.9 41.9 Cash Expenditure 29.5 27.5 34.2 35.8 40.2 Results of Operations 2.7 3.0 1.6 5.2 1.2 Staffing Internationally recruited 49 50 72 78 7 7 Nationally recruited 235 259 259 307 317 Total 284 309 331 385 394 Indicators Working Capital 178 229 221 253 242 Current Ratio 2.0 2.3 1.9 2.3 2.0 Reserves expressed in working days 128 178 165 199 194 Fixed Assets Capital Expenditure ($m) 0.5 0.8 1.0 0.9 1 .8 Capital Expenditure/Depreciation 47% 84% 129% 95% 106% Indirect/Direct cost ratio 22% 21% 21% 19% 15% 54 Table A6.15 World Fish Program Highlights ($ million) 2007 2008 2009 2010 2011 Revenues CRP Window 1/2 2.9 CRP Window 3 and Bi-lateral 5.1 Total CRP Revenue - - - - 8.0 Non-CRP Restricted 9.4 11.0 10.6 9.1 4 .3 Unrestricted 5.7 7.6 6.7 8.1 4 .9 Total non-CRP Grant Revenue 15.1 18.6 17.3 17.2 9.2 Total Grant Revenue 15.1 18.6 17.3 17.2 17.2 Other Income 1.2 0.7 0.4 0.5 0 .6 Total Revenue 16.2 19.3 17.7 17.7 17.8 Object of Expenditure Personnel costs 49% 45% 49% 53% 51% Supplies & Services 24% 19% 21% 25% 27% CGIAR Collaboration Collaboration & Partnerships 15% 26% 19% 10% 8% Travel 10% 9% 10% 11% 13% Depreciation 2% 1% 1% 1% 0% Total Expenditure 17.3 20.8 17.9 16.2 17.4 Cash Expenditure 17.0 20.6 17.7 16.0 17.3 Results of Operations - 2.2 - 2.2 - 0.6 1.0 0.4 Staffing Internationally recruited 43 49 43 37 4 2 Nationally recruited 250 221 215 209 201 Total 293 270 258 246 243 Indicators Working Capital 172 119 118 178 172 Current Ratio 2.5 1.9 1.5 2.5 1.9 Reserves expressed in working days 172 119 118 178 171 Fixed Assets Capital Expenditure ($m) 0.3 0.3 0.1 - 0 .0 Capital Expenditure/Depreciation 71% 112% 41% 27% 40% Indirect/Direct cost ratio 20% 19% 19% 17% 18% 55 Glossary of Terms Unrestricted Grants Grants made directly to a Center with no restriction on their use are unrestricted. This revenue is recognized as income when it is received, or when the contract is signed. Unrestricted funding is also sometimes known as core funding. Restricted Grants When a grant is made to a Center with terms restricting the use of money for a particular project or use, then this is treated as a restricted grant. Revenue on these grants is recognized as it is earned, and not when it is received or when the contract is signed. Money given to support CRPs is restricted. Net Assets The total of what is owned by a Center after deducting what is owed (the equivalent of “retained earnings” or “owner’s equity” in a commercial business). Net assets are the accumulated “surpluses” (excess of revenue over expenses) over the years. Unrestricted Net Assets Net assets resulting from an excess of unrestricted revenue over unrestricted expenses. Use of unrestricted net assets is determined by the Center’s Board management. Restricted Net Assets Net assets resulting from an excess of restricted grant revenue over restricted expenses. Use of restricted net assets is determined by the Members contributing the restricted grants. Restricted net assets are uncommon in the Centers because of the accounting policies and business practices followed in the CGIAR. Net Fixed Assets The cost of fixed assets (property and equipment) net of the depreciation charge. It is also referred to as “book value” of property and equipment. Liquidity An organization’s ability to meet its short-term obligations. Technically, it is the difference between current assets and current liabilities. Liquidity can be in terms of a ratio (called current ratio) or number of days of operating expenditure. Liquidity is also referred to as “working capital”. 56 Quick Ratio A more restricted measure of liquidity because it takes into account only those current assets that are cash or easily convertible into cash to pay for the current liabilities. Working Capital Current assets minus current liabilities. Short-term Solvency (liquidity indicator) Working Capital as defined above divided by per day operating expenses excluding depreciation. This indicator measures the ability of a Center to sustain current level of operation in the event of donor delays in grant remittance. Long-term Stability (adequacy of reserve indicator) Indicator that measures the number of days of operation that a Center can support from its own resources (i.e., reserves). It is computed as Unrestricted Net Assets, less Net Fixed Assets, divided by per day operating expenses (defined below) excluding depreciation. Direct Costs Operating costs incurred by a Center that can be traced directly to a project or discrete research activity. Common examples of direct costs include the cost of staff assigned to a specific project (the proportion of time allocated to the project), or the cost of supplies or equipment consumed by the project. Indirect Costs Operating costs incurred for the purpose of managing, overseeing and supporting a Center’s overall research activities, and that therefore cannot be directly identified with a specific project or research activity. Common indirect costs in the CGIAR include the cost of Center (not research) management, and the cost of Boards of Trustees. Indirect Cost Rate Ratio of indirect costs to direct costs expressed as a percentage. Cash Management of Restricted Operation A ratio that measures the ability of a Center to manage restricted projects operations with the amount of cash advances received and reimbursements expected from donors. It is computed as restricted donors’ accounts receivable divided by restricted donors’ accounts payable expressed as a ratio. The desirable benchmark is a ratio less than 1. 57 Per day Operating Expenses Total operating expenses of a Center less depreciation divided by 365 days. This indicator measures the daily cash requirement of a Center in the course of normal operations. 58 CGIAR Research Programs (CRPs) 1.1 Dryland Systems 1.2 Humid Tropic Systems 1.3 Aquatic Agricultural Systems 2 Policies, Institutions and Markets 3.1 Wheat 3.2 Maize 3.3 Rice 3.4 Roots, Tubers and Bananas 3.5 Grain Legumes 3.6 Dryland Cereals 3.7 Meat, Milk and Fish 4 Agriculture for improved Nutrition and Health 5 Water, Land and Ecosystems 6 Forests, Trees and Agroforestry 7 Climate Change, Agriculture and Food Security (CCAFS) Centers and Programs of the CGIAR Africa Rice Africa Rice Center Bioversity Bioversity International CIAT Centro Internacional de Agricultura Tropical (International Center for Tropical Agriculture) CIFOR Center for International Forestry Research CIMMYT Centro Internacional de Mejoramiento de Maíz y Trigo (International Maize and Wheat Improvement Center) CIP Centro Internacional de la Papa (International Potato Center) ICARDA International Center for Agricultural Research in the Dry Areas ICRISAT International Crops Research Institute for the Semi-Arid Tropics IFPRI International Food Policy Research Institute IITA International Institute of Tropical Agriculture ILRI International Livestock Research Institute IRRI International Rice Research Institute IWMI International Water Management Institute World Agroforestry World Agroforestry Centre WorldFish WorldFish Center Challenge Programs (CP) Generation (GCP) HarvestPlus Sub-Saharan Africa (SSA) Water & Food (CPWF) Climate Change, Agriculture and Food Security (CCAFS) to 31 December 2010 59 Acronyms ADB Asian Development Bank AfDB African Development Bank AGM Annual General Meeting ARI Advanced Research Institutions CGIAR Consultative Group on International Agricultural Research EC European Commission ExCo Executive Council FAO Food and Agriculture Organization of the United Nations GNI Gross National Income IDB Inter-American Development Bank IDRC International Development Research Centre IFAD International Fund for Agricultural Development MDTF Multi Donor Trust Fund MTP Medium Term Plan NARS National Agricultural Research System(s) NGO Non-Governmental Organization OPEC Fund Fund of the Organization of the Petroleum Exporting Countries SC Science Council UNDP United Nations Development Programme UNEP United Nations Environment Programme 60