Audited Financial Statements 
and Complementary Information
For the year ended December 31, 2022  
DECEMBER 2022
INTERNATIONAL POTATO CENTER
AUDITED FINANCIAL STATEMENTS AND
COMPLEMENTARY INFORMATION
AS OF DECEMBER 31, 2022 AND 2021
INTERNATIONAL POTATO CENTER
Financial Statements as of December 31, 2022 and 2021 together with the Independent Auditors’
Report
Content
Independent Auditors’ Report
Board of Trustees Members 2022
Statement by the Board Chair
Management Report
Statement on Risk Management
Financial Statements
Statement of Financial Position
Statement of Activities and Other Comprehensive Income
Statement of Changes in Net Assets
Statement of Cash Flows
Notes to the Financial Statements
Schedule of Grants Revenue – Exhibit I
Schedule of Grants Pledges and Expense Schedule – Exhibit II
Schedule of Property, Plant and Equipment – Exhibit III
Indirect Cost Computation – Exhibit IV
Tel: +511 2225600 PIERREND, GÓMEZ & ASOCIADOS
www.bdo.com.pe Sociedad Civil de Responsabilidad Limitada
Av. Camino Real 456
Torre Real, Piso 5
San Isidro
LIMA 27- PERU
INDEPENDENT AUDITOR’S REPORT
To the Board of Directors of
INTERNATIONAL POTATO CENTER
Opinion
We have audited the Financial Statements of International Potato Center (CIP), which comprise
the Statement of Financial Position as of December 31, 2022 and the Statements of Activities and
Other Comprehensive Income, of Changes in Net Assets and Cash Flows for the year then ended,
as well as the explanatory notes to the financial statements that include a summary of
significant accounting policies and other explanatory information.
In our opinion, the financial statements present fairly, in all their significant aspects, the
financial position of International Potato Center as of December 31, 2022, its financial
performance and cash flows for the year then ended, according to International Financial
Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).
Basis for our Opinion
We conducted our audit according to International Standards on Auditing (ISA) approved for
application in Peru by the Board of Deans of the Public Accountants Association of Peru. Our
responsibilities under these standards are further described in the Auditor’s Responsibilities for
the Audit of the Financial Statements section of our report.
We are independent of International Potato Center according to the International Ethics
Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code of
Ethics) together with the ethical requirements that are relevant to our audit of the financial
statements in Peru, and we have complied with our other ethical responsibilities according to
these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Responsibilities of Management and those Charged with Corporate Governance for the
Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements
according to International Financial Reporting Standards (IFRS) issued by the International
Accounting Standards Board (IASB), and for the internal control that Management concludes is
necessary, to allow the preparation of financial statements free from significant misstatements,
whether due to fraud or error.
In preparing the financial statements, Management is responsible for evaluating the Center’s
ability to continue as an ongoing business, disclosing, as applicable, matters related to
continuing operations and using the ongoing business basis of accounting, unless that
Management intends to liquidate the Center or cease operations, or has no realistic alternative
but to liquidate or cease operations.
Those responsible for the Corporate Governance of International Potato Center. are responsible
for supervising the Center’s financial reporting process.
Pierrend, Gómez & Asociados Sociedad Civil de Responsabilidad Limitada, una sociedad civil peruana, es miembro de BDO International Limited, una compañía limitada por garantía del
Reino Unido, y forma parte de la red internacional BDO, empresas independientes asociadas.
BDO es el nombre comercial de la red BDO y de cada una de las empresas asociadas de BDO.
PIERREND, GÓMEZ & ASOCIADOS
Sociedad Civil de Responsabilidad Limitada
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance that the financial statements as a whole are
free from significant misstatement, whether due to fraud or error, and to issue an audit opinion
that includes our opinion. Reasonable assurance is a high level of assurance, but it does not
guarantee that an audit conducted according to ISAs approved for application in Peru will always
detect a significant misstatement when one exists. Misstatements may arise from fraud or error
and are considered significant if, individually or in the aggregate, they could reasonably
influence the economic decisions that users make based on the financial statements.
As part of an audit according to ISAs, we exercise our professional judgment and maintain
professional skepticism throughout the audit. Besides:
- We identify and assess the risks of significant misstatement of the financial statements,
whether due to fraud or error, and design and perform audit procedures in response to
these risks and obtain audit evidence that is sufficient and appropriate to provide a basis
for our opinion. The risk of not detecting a significant misstatement resulting from fraud is
higher than not detecting one that arises from misstatement, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal
control.
- We obtained an understanding of internal control relevant to the audit for the purpose of
designing audit procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of internal control of International
Potato Center.
- We evaluate the adequacy of the accounting policies applied and the reasonableness of
the accounting estimates and the respective disclosures made by Management.
- We conclude on the proper use of the ongoing business accounting principle by
Management and, based on the evidence obtained, no significant uncertainty was
identified related to events or conditions that may raise significant doubts about the
ability of International Potato Center to continue as an ongoing business. If we conclude
that significant uncertainty exists, we are required to draw attention in our audit opinion
to the respective information disclosed in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are supported by the audit
evidence obtained up to the date of our audit opinion. However, future events or
conditions could cause International Potato Center to cease to continue as an ongoing
business.
- We evaluate the overall presentation, structure, and content of the financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves their fair presentation.
- We obtained sufficient appropriate audit evidence regarding the financial information of
the principal entities or business activities within the Center to express an opinion on the
financial statements. We are responsible for the direction, supervision, and performance
of the Center’s audit. We are solely responsible for our audit opinion.
Pierrend, Gómez & Asociados Sociedad Civil de Responsabilidad Limitada, una sociedad civil peruana, es miembro de BDO International Limited, una compañía limitada por garantía del
Reino Unido, y forma parte de la red internacional BDO, empresas independientes asociadas.
BDO es el nombre comercial de la red BDO y de cada una de las empresas asociadas de BDO.
PIERREND, GÓMEZ & ASOCIADOS
Sociedad Civil de Responsabilidad Limitada
We communicate to those charged with governance of the Center, among other things, the
planned scope and timing of the audit, significant audit findings, as well as any significant
deficiencies in internal control that we identify in the course of our audit.
We also provide those charged with governance of the Center with a statement that we have
complied with relevant applicable ethical requirements in relation to independence and have
communicated to them about all relationships and other matters that could reasonably affect
our independence and, as appropriate, the actions taken to eliminate threats or applied
safeguards.
Lima, Peru
May 4,2023
Countersigned by
__________________________ (Partner)
Liliana Córdova Mejía
Certified Public Accountant
CPA N° 01-17661
Pierrend, Gómez & Asociados Sociedad Civil de Responsabilidad Limitada, una sociedad civil peruana, es miembro de BDO International Limited, una compañía limitada por garantía del
Reino Unido, y forma parte de la red internacional BDO, empresas independientes asociadas.
BDO es el nombre comercial de la red BDO y de cada una de las empresas asociadas de BDO.
Board of Trustees Members 2022
Board Member Country of Origin Membership
Dr. Rodney D. Cooke U.K. Board Chair to 31 December 2021
(2012-June 2022) Member Program Committee
Dr. Helen Hambly Odame Canada Board Chair
(2020-Present) Chair Executive Committee
Member Program Committee
Dr. Jorge Luis Maicelo Quintana Perú Member Program Committee
(2019-March 2022)
Dr. Julio César Alegre Orihuela Perú Member Program Committee
(2020-Present) Member Executive Committee
Mr. Sanjay Agarwal India Member Program Committee
(2020-Present)
Dr. Barbara Heard Wells USA Member Program Committee
(2014-February 2022)
Dr. Oscar Ortiz Oblitas Peru Member Program Committee
(February 2022-March 2022)
Ms. Alice Ruhweza Uganda Member Program Committee
(2020-Present)
Ms. Alyssa Jade MacDonald-Baertl Germany Member Program Committee
(2020-Present)
Ms. Hilary Wild UK Member Program Committee
(2020-Present)
Dr. Marco Ferroni Italy Member Program Committee
(2020-December 2022)
Dr. Neal Gutterson USA Chair Program Committee
(2020-Present) Member Executive Committee
Dr. Patrick Caron France Member Program Committee
(2020-Present)
Dr. Shenggen Fan China Member Program Committee
(2020-Present)
Dr. Lindiwe Majele Sibanda Zimbabwe Member Program Committee
(2020-Present)
CGIAR Audit, Finance and Risk Committee Members
Clarissa van Heerden, Chair
(June 2021-May 31, 2024)
Nancy Andrews, Member
(June 2021-Aug 31, 2023)
Richard Golding, Member
(June 2021-May 31, 2024)
Chemutai Murgor, Member
(June 2021-May 31, 2024)
Esteban Chong, Member (CIP Focal Point)
(June 2021-Aug 31, 2023)
Anne Eriksson, Member
(April 1, 2023-Mar 31, 2026)
Helge Osttveiten, Member
(April 1, 2023-Mar 31, 2026)
Hilary Wild, Member
(June 1, 2021-Aug 31, 2023)
Statement by the Board Chair
Through climate change, supply chain issues, inflation, and a continuing pandemic, the Board of
Trustees of the International Potato Center (CIP) provides steady programmatic, governance, financial
oversight, and leadership to ensure the Center’s effective and efficient management.
CIP’s work continues to be more relevant than ever. As the unprecedented challenges posed by climate
change have revealed potato, sweetpotato, and Andean roots and tubers to be invaluable sources of
sustenance and nutrition across a wide range of growing conditions, requiring fewer inputs than most
other crops.
Still, amid the COVID-19 pandemic, CGIAR took great strides forward in 2022. We accomplished many
critical tasks for creating a globally integrated research institution well-positioned to help the world
meet the 2030 Sustainable Development Goals while setting the foundation to transform food, land,
and water systems in a climate crisis.
The integrated operational structure and leadership in CGIAR continue to position CIP to optimize
CGIAR’s ability to access and deliver against all funding sources, for a USD 2 billion ambition by 2030.”
The 2022-2024 Investment Prospectus adopted in 2021 opened the doors for CGIAR scientists to
propose new research initiatives with innovative and cross-cutting visions to delineate the future path of
the organization’s science while delivering impact at larger scales than ever before.
Center highlights
CIP continues to be proud of its many achievements in the service of smallholder agriculture and
sustainable food systems worldwide.
Peru is home to the world’s great potato biodiversity, and most of its 3,000 native potato landraces are
conserved in the CIP genebank and that we share freely around the world. To ensure that Andean
farmers benefit from that biodiversity when adapting to climate change, the genebank has developed a
partnership with rural Peruvian communities by providing them with disease-free seed potatoes of rare
cultivars to multiply and share with local farmers. It is this kind of mutual investment that continues to
advance our science while providing support to local communities that make it possible.
Seed-borne diseases and low-quality seed are a major cause of low yields in root and tuber crops and
threaten the incomes and food security of the hundreds of millions of smallholder farmers in Africa, Asia
and Latin America. These farmers depend on root, tuber and banana crops for nourishment and
livelihoods. Due to the high cost and low availability of quality seed, CIP has focused in recent years on
improving farmer access to certified, high-quality seeds and strengthening capacities for seed
production and marketing among farmers.
Statement by the Board Chair
Future projections point to an increased role of roots, tubers, and banana crops for global food security
and agricultural growth over the coming decades. CIP and CGIAR research will be instrumental for
enabling our partners in the Global South to utilize these crops more effectively and equitably for
generating food security, nutrition, and economic benefits. The recent achievements of the CGIAR RTB
Research Program, hosted by CIP, provide highly relevant tools and partnerships for this work going
forward in the One CGIAR Research and Innovation Strategy.
We are equally excited to tell you that CIP will participate directly in 20 of the 32 new initiatives featured
in CGIAR’s 2022-2024 Investment Prospectus, and three of those initiatives are headed by CIP
researchers.
Financial performance
Total revenue in 2022 amounted to USD 42.2 million, against total expenditure of USD 42.9 million,
resulting in a deficit of USD 0.7 million. On 31 December 2022, CIP reserves were USD 12.5 million (equal
to 84 days of expenditure—within CGIAR norms), compared to USD 13.2 million (85 days) on 31
December 2021. The indirect cost ratio of the Center was 15.7% for 2022. The ratio is calculated in line
with the CGIAR Cost Principles and Indirect Cost Guidelines (issued April 2019) and expresses the
relationship between direct and indirect costs.
CIP’s financial indicators reflect the Center’s continued financial health, though no institution is immune
to financial or operational risk. To mitigate risk, the Board’s Audit, Finance and Risk Committee (AFRC)
oversees CIP’s risk management policies and plans. In a much broader sense, the Board oversees Center
operations in the interest of funders and stakeholders.
Appreciation
In 2022 we were saddened by the untimely passing of Dr. Barbara Wells, who had led CIP with
excellence for seven years and served as the Global Director for Genetic Innovation in CGIAR. She
continues to be greatly missed for her kind and impressive leadership.
In Barbara’s absence, Dr. Oscar Ortiz was named Director General, a.i. for CIP and Dr. Hugo Campos
replaced Oscar, also on interim basis, as Deputy Director General for Research and Development. We
are grateful for their guidance in this difficult time.
In early 2023, Dr. Simon Heck was appointed as CIP Director General and Hugo Campos was appointed as
CIP Deputy Director General for Research and Development.
Statement by the Board Chair
On behalf of the Board, I thank CIP’s funders, 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.
April 14, 2023
Dr. Helen Hambly-Odame
Chair, Board of Trustees
Management Report
To the Board of Trustees:
The 2022 Financial Statements expressed in US dollars have been prepared in accordance with the
International Financial Reporting Standards (IFRS). CIP’s 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, Finance and Risk Committee (AFRC), 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 AFRC 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 AFRC recommends to the Board the appointment of an external audit firm, and the
terms of reference for their work. The external audit for 2022 was performed by BDO.
April 14, 2023
Dr. Simon Heck, Ph.D. Milagros Patino-Samudio
Director General Head of Finance a.I.
Statement on Risk Management
The Board of Trustees is responsible 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. The Audit, Finance and Risk Committee (AFRC) assists the
Board of Trustees in fulfilling its risk management responsibilities.
The AFRC regularly receives an update on the effectiveness of CIP’s risk management and progress
against agreed targets as well as independent assurances from its internal and external auditors. With
this information, the AFRC satisfies itself that the attention paid by management to CIP’s activities.
Thus assured, the AFRC communicates its views to the Board on the effectiveness and efficiency of
CIP’s risk management.
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. Risks are identified at the department, regional
and country level and are regularly evaluated by a Risk Management Team.
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
the internal audit, semi-annually to the AFRC of the Board.
The Board is satisfied with the comprehensive risk management system adopted by the International
Potato Center.
April 14, 2023
Dr. Helen Hambly-Odame
Chair, Board of Trustees
International Potato Center
Statement of Financial Position
As of 31 December, 2022 and 2021
Notes 2022 2021
US$(000) US$(000)
Assets
Current assets
Cash and cash equivalents 6 11,610 17,784
Short term investments 7 3,901 529
Accounts receivable:
Donors 8 5,131 3,939
CGIAR Centers 8(c) 81 2,030
Employees 9 60 144
Others 10 2,618 1,802
Inventories 11 102 15
Advances 12 _____1_,_7_39_ _____3_,_0_6_9
Total current assets ____2_5_,_2_42_ ____2_9_,_3_1_2
Non-current assets
Long term investments 7 170 444
Property, plant and equipment 13 8,884 9,063
Intangible assets 14 ________9_6 _______1_9_5
Total non-current assets _____9_,_1_5_0 _____9_,_7_0_2
Total assets ___3_4_,3_9-_2 ___3_9_,0_1-_4
Liabilities
Current liabilities
Accounts payable:
Employees 18 1,448 1,414
Others 17 7,519 6,791
Deferred income from Donors 15 6,276 10,833
CGIAR Centers 16 320 257
Provisions 19 ______2_7_6_ _______1_5_3
Total current liabilities ___1_5_,_8_3_9_ ____1_9_,_4_4_8
Non-current liabilities
Deferred income from Donors 15 5,443 5,713
Accounts payable to Employees 18 _______5_9_9 _______6_4_5
Total non-current liabilities _____6_,_0_4_2 _____6_,_3_5_8
Total liabilities ____2_1_,_8_81_ ____2_5_,_8_0_6
Net assets
Undesignated 20 8,974 9,662
Designated 20 _____3_,_5_3_7 _____3_,_5_4_6
Total net assets ____1_2_,_5_1_1 ____1_3_,_2_0_8
Total liabilities and net assets ___3_4_,_3_9_2 ___3_9_,_0_1_4
The accompanying notes are an integral part of this statement.
International Potato Center
Statement of Activities and Other Comprehensive Income
For the years ended December 31, 2022 and 2021
__________________2_0_2_2_______________________________ ________________________2_0_2__1________________________
Notes Unrestricted Restricted Total Unrestricted Restricted Total
US$(000) US$(000) US$(000) US$(000) US$(000) US$(000)
Revenue
Grant Revenue
Window 1 & 2 - 14,565 14,565 - 25,291 25,291
Window 3 97 9,104 9,201 339 13,643 13,982
Bilateral 125 15,959 16,084 100 15,932 16,032
________ ________ ________ ________ ________ ________
Total Grant Revenue (Schedule of Grants Revenue - Exhibit I) _____2_2_2_ ___3_9_,_6_2_8 ___3_9_,_8_5_0 _____4_3_9_ ___5_4_,_8_6_6 ___5_5_,_3_0_5
Other Operating Revenue and Gains 22 31 - 31 211 - 211
________ ________ ________ ________ ________ ________
Total Operating Revenue 253 39,628 39,881 650 54,866 55,516
________ ________ ________ ________ ________ ________
Expenses
Research Expenses 26 (181) (30,290) (30,471) (130) (31,766) (31,896)
Unbillable Research Expenses 26,27 (245) - (245) (221) - (221)
CGIAR Collaborator Expenses 26 - (915) (915) - (13,465) (13,465)
Non CGIAR Collaborator Expenses 26 - (3,406) (3,406) - (4,691) (4,691)
General and Administration Expenses 28 (906) (4,591) (5,497) (737) (4,491) (5,228)
Other Expenses and Losses - (426) (426) - (453) (453)
________ ________ ________ ________ ________ ________
Total Operating Expenses 25 __(_1_,_3_3_2_) _(_3_9_,_6_2_8_) _(_4_0_,_9_6_0_) __(_1_,_0_8_8_) _(_5_4_,_8_6_6_) _(_5_5_,_9_5_4_)
Operating Deficit __(_1_,0_7_9_) _______- __(_1_,0_7_9_) ____(4_3_8_) _______- ____(4_3_8_)
Non-Operating activities
Finance Income 186 - 186 92 - 92
Gain on Sale of Assets 103 - 103 52 - 52
Other Non-operating Income 23 2,041 - 2,041 1,028 - 1,028
________ ________ ________ ________ ________ ________
Total Non-Operating Income ____2_,_3_3_0 ________- ____2_,_3_3_0 ____1_,_1_7_2 ________- ____1_,_1_7_2
Finance Expenses (18) - (18) (504) - (504)
Loss on Sale of Assets (17) - (17) (10) - (10)
Other Non-operating Costs 24 (1,913) - (1,913) (615) - (615)
________ ________ ________ ________ ________ ________
Total Non-Operating Expenses (1,948) - (1,948) (1,129) - (1,129)
________ ________ ________ ________ ________ ________
Non-Operating Surplus _____3_8_2_ ________- _____3_8_2_ ______4_3_ ________- ______4_3_
Deficit for the Year (697) - (697) (395) - (395)
_______ _______ _______ _______ _______ _______
The accompanying notes are an integral part of this statement.
International Potato Center
Statement of Changes in Net Assets
For the years ended 31 December, 2022 and 2021
_______________U_n_r_e_st_r_ic_t_e_d______________
__D_e_si_g_n_a_te_d__
Reserve for
replacement
of property,
plant and
Undesignated equipment Total
US$(000) US$(000) US$(000)
Balance as of January 1, 2021 9,749 3,854 13,603
Other  (Note 20) 308 (308) -
Deficit for the year ____(_3_9_5) _______- ____(_3_9_5)
As of December 31, 2021 9,662 3,546 13,208
Other  (Note 20) 9 (9) -
Deficit for the year ____(_6_9_7) _______- ____(_6_9_7)
As of December 31, 2022 __8_,_9_7_4 __3_,_5_3_7 _1_2_,_5_1_1
The accompanying notes are an integral part of this statement.
International Potato Center
Statement of Cash Flows
For the years ended 31 December, 2022 and 2021
2022 2021
US$(000) US$(000)
Cash flows from operating activities
Deficit for the year (697) (395)
Adjustment to reconcile changes in net assets to net cash (used in)
provide by operating activities:
Depreciation (Note 13) 1,158 973
Amortization (Note 14) 99 99
Allowance for expected credit losses (Note 8) - 142
Loss on disposal of property and equipment 17 10
Other provisions _____(_9_8) ____(_1_9_4)
Decrease (increase) in assets:
Accounts receivable:
Donors (1,192) (1,967)
Other - CGIAR Centers 1,949 (1,758)
Employees 84 75
Others (816) (556)
Inventories (87) 10
Advances and prepaid expenses ___1_,3_3_0_ ____2_4_4_
Increase (decrease) in liabilities:
Accounts payable:
Employees (12) 112
Others 728 2,571
Deferred income from donors (4,827) (4,108)
Other - CGIAR Centers 63 (104)
Accruals and provisions ____1_2_3_ ____(_1_8_1)
Net cash (used in operating activities) __(_2_,_1_7_8) __(_5_,_0_2_7)
Cash flow from investing activities
Acquisition of property, plant and equipment (Note 13) (1,001) (988)
Acquisition of intangible assets (Note 14) - -
Proceeds from disposal of property, plant and equipment 103 52
(Increase) decrease of investments __(_3_,_0_9_8) ___5_,5_7_4_
Net cash  provided by (used in) investing activities __(_3_,_9_9_6) ___4_,6_3_8_
Net increase (decrease) in cash and cash equivalents increase (6,174) (389)
Cash and cash equivalents at the beginning of the year __1_7_,7_8_4_ __1_8_,1_7_3_
Cash and cash equivalents at the end of the year __1_1_,6_1_0_ __1_7_,7_8_4_
The accompanying notes are an integral part of this statement.
International Potato Center
Notes to the Financial Statements
As of December 31, 2022 and 2021
1. Identification, corporate purpose, Financial Statements, and agreements and contracts
(a) Identification and corporate purpose -
The International Potato Center, known by its Spanish acronym CIP, was founded in
1971 as a root and tuber research-for-development institution delivering sustainable
solutions to the pressing world problems of hunger, poverty, and the degradation of
natural resources. CIP is truly a global center, with headquarters in Lima, Peru and
offices in 19 developing countries across Asia, Africa, and Latin America. Working
closely with our partners, CIP seeks to achieve food security, increased well-being,
and gender equity for poor people in the developing world. CIP furthers its mission
through rigorous research, innovation in science and technology, and capacity
strengthening regarding root and tuber farming and food systems.
CIP’s legal address is Av. La Molina N° 1895, La Molina, Lima, Peru (Experimental
Station).
CIP is a CGIAR Research Center, a global research partnership for a food-secure
future. CGIAR mission is to deliver science and innovation that advance the
transformation of food, land, and water systems in a climate crisis.
Its research is carried out by 15 CGIAR Centers in close collaboration with hundreds
of partners, including national and regional research institutes, civil society
organizations, academia, development organizations and the private sector.
CIP has offices in seventeen (17) developing countries in Asia, Africa, and Latin
America, whose main office is located in Lima, Peru. It also has two (2) local offices
for better supervision and control of the projects executed, located in San Ramón
and Huancayo in the Department of Junín.
(b) Financial Statements -
The Financial Statements for the year ended December 31, 2022 were authorized by
the Management on April 11, 2023 and it will be presented for consideration and
approval of the Board in May 2023
In Management’s opinion, Financial Statements attached will be approved without
changes for the Board.
The Financial Statements previously reported for the year ended December 31, 2021
were authorized by the Management on March 29, 2022 and approved by the Board
of Trustees on June 15, 2022.
(c) Agreements and contracts -
CIP has signed agreements and contracts with the Peruvian government, CGIAR
Centers, and third parties to manage research projects aligned with its corporate
main objectives as it is detailed below:
5
Notes to the financial statements (continued)
· Headquarters Agreements between the Peruvian Government and the
International Potato Center listed include the following benefits and
allowances:
§ Agreement signed on March 14, 2000, by means of which the Peruvian
government, and CIP regulates CIP’s immunities and privileges as an
international center with legal personality. This agreement establishes
the contribution of the government to reach CIP’s main objectives, as
well as the commitments assumed.
§ CIP has three (3) Experimental Stations granted to CIP under land
assignment agreements, according to legal provisions. The effective term
of these agreements is unlimited, and the purpose is to use them
according to CIP’s scientific research guidelines.
§ Buildings, facilities, improvements, and all related to CIP in the lands
subject matter to the assignment will be transferred in favor of the
General Rural Settlement and Agricultural Reform Office; if CIP decided
to stop operations in Peru, no payment for assets would be made.
· Agreements or contracts with third parties:
§ To comply with its corporate purpose, in 2021 and 2020, CIP signed
agreements and contracts with entities, third parties, and CGIAR
Centers, stating specific objectives, which shall be reached during the
effective term of such agreements or contracts. Exhibit II (Schedule of
Grants Pledges and Expense Schedule) includes the list of such
agreements and/or contracts in force signed by CIP.
§ During 2022 and 2021, under the framework of the agreements and
contracts signed, CIP was granted cash funds for approximately US$39.8
million and US$55.4 million, respectively. Such funds are restricted and
unrestricted.
(d) Project execution -
The contributions made by the Donors were invested in the execution of programs
and/or projects. As of December 31, 2022 and 2021, CIP executed projects by
means of direct acquisition of technical assistance services, advisories, skilled
labor, as well as purchase of materials, supplies, and equipment.
During 2022 and 2021, CIP has incurred in operating costs corresponding to projects
for US$40.9 million and US$55.9 million, respectively.
(e) Terminology of Financial Statement -
The principal terminology of financial position its following:
- Unrestricted -
Arises from the unconditional transfer of cash or other assets to CIP.
6
Notes to the financial statements (continued)
- Restricted –
Arises from a transfer of resources to CIP in return for past or future
compliance relating to the operating activities of CIP.
- Windows 1 & 2 –
Window 1 are restricted grants allocated by the System Council for a specific
use (for CRP, Platform, system entity or special initiative). Window 2 are
restricted grants from the time the donor allocates the funds to the CRP.
- Windows 3 -
Are grants designated by donors directly to the CIP through the CGIAR System
Organization Research Fund trustee, the International Bank for Reconstruction
and Development (“IBRD”)
- Bilateral -
CIP received grants directly from donors.
(f) COVID 19 impacts on financial statements –
The pandemic caused by COVID-19 has developed rapidly in 2021, with a significant
number of cases globally. The measures taken by governments to contain the virus
have affected, to a greater or lesser degree, the economic activity of the countries
where the virus circulates.
As a consequence of the current worldwide pandemic caused by the SARS-CoV-2
virus, which causes the infectious disease COVID-19, the Government of Peru
declared the country under national emergency since March 16, 2020, motivating
social isolation and the suspension, in the work centers themselves, of all industrial,
commercial and service activities, not linked to food processes, hospital services,
and some other strategic sectors, as well as the closure of ground, air and sea
borders, both international and internal, without affecting the loading and
unloading of goods.
CIP Management has taken a series of measures to monitor and mitigate the effects
of COVID19, such as health and safety measures for its staff, such as social
distancing and the development of remote work from homes for administrative staff
and in-person for jobs in laboratories and experimental stations, but applying the
corresponding sanitary protocols; accommodations and adjustments were also made
in alignment to the labor frameworks of countries where CIP has employees.
In this context, Management has analyzed the impact of the COVID-19 pandemic and
the effects it has generated on the main aspects and accounting estimates of the
financial statements and does not identify that its core business will deteriorate in
the future.
Economic activities at the national level have been resuming gradually and
progressively according to the economic reactivation phase plan issued by the
Government of Peru.
7
Notes to the financial statements (continued)
2. Accounting principles and policies
The main accounting policies applied in the preparation of the Financial Statements are
detailed below.
Management is responsible for preparing the Financial Statements, and expressly states
that CIP prepared them to follow the applicable standards and interpretations for the
years ended December 31, 2022 and 2021. The accounting policies adopted in the
preparation of the Financial Statements are consistent with those applied in previous
years.
2.1 Basis for the preparation and presentation
CIP’s Financial Statements have been prepared in accordance with International
Financial Reporting Standards (IFRS) issued by International Accounting Standards
Board (IASB), effective as of the date of the Financial Statements and Advisory
Notes released by the CGIAR System Management Office.
The Financial Statements have been prepared based on the historical cost basis
except for financial assets and liabilities at fair value through revenues and
expenses.
The information contained in these financial statements is the responsibility of
Management, which expressly states that it has fully complied with the application
of IFRS, without restrictions or reservations.
The financial statements are presented in US dollars, all values have been rounded
to thousands except otherwise is indicated.
The preparation of the Financial Statements in accordance with IFRS requires
management to use of certain material accounting estimates, judgments, and
assumptions in the application of the accounting policies of CIP.
Actual results may differ from these estimates; however, in Management’s opinion,
actual results will not vary significantly from estimates and assumptions applied by
CIP.
The areas involving a major degree of judgment or complexity or areas where
assumptions and estimates are material for the Financial Statements are described
in note 4.
2.2 Modifications and new IFRS issued that are effective at the date of the financial
statements
The modifications and new IFRS that entered into effect in 2022 and apply to the
CIP are summarized below:
Property, Plant and In May 2020, the IASB issued Property, Plant and
Equipment: Equipment: Product Before Intended Use, which prohibits
Product before entities from deducting from the cost of an item of
Intended Use – property, plant, and equipment, any proceeds from the sale
Amendments to IAS of items produced while bringing that asset to the location
16 and condition necessary for it to operate in the manner
intended by management. Instead, an entity recognizes the
proceeds from the sale of those items and the costs of
producing them, in profit or loss.
8
Notes to the financial statements (continued)
The amendment is effective for annual periods beginning on
or after January 1, 2022, and must be applied
retrospectively to items of property, plant, and equipment
available for use on or after the beginning of the earliest
period presented when the entity first applies the
amendment.
The amendments are not expected to have a material
impact on the Center.
The amendment is not expected to have a material impact on the Financial
Statemens of the CIP.
2.3 Summary of significant accounting policies
The following describes the accounting policies adopted in the preparation of the
Financial Statements and, are consistent with those followed in the preparation of
the annual Financial Statements for the year ended December 31, 2022:
(a) Financial instruments: Initial recognition and subsequent measurement -
i. Financial assets -
Initial recognition and measurement -
Financial assets are classified, on initial recognition, as financial assets at fair
value (with changes in results or other comprehensive income) or assets
measured at amortized cost. All financial assets are initially recognized at fair
value.
Subsequent measurement –
For the purposes of the subsequent measurement, financial assets are
classified into three categories:
- Amortized cost (debt instruments),
- At fair value through changes in other comprehensive income (equity
instruments) and
- At fair value with changes in results
The classification depends on CIP business model and the contractual terms of
the cash flows.
Financial assets measured at amortized cost –
A financial asset is measured at amortized cost if the following two conditions
are met: (i) the financial asset is maintained within a business model whose
objective is to maintain the financial assets to obtain the contractual cash
flows; and (ii) the contractual terms of the financial asset give rise, on
specific dates, to cash flows that are only payments of the principal and
interest on the amount of the outstanding principal.
9
Notes to the financial statements (continued)
These assets are subsequently measured at amortized cost using the effective
interest rate method and are subject to impairment losses.
Any gain or loss from derecognition, modification or impairment is recognized
in Statement of Activities and Other Comprehensive Income.
The CIP's financial assets measured at amortized cost include accounts
receivable and short and long term investments and their par value is similar
to their amortized cost, financial assets at fair value through profit or loss
include cash and cash equivalents.
Cash is a financial asset because it represents a means of payment and is
therefore the basis used to measure and recognize all the transactions on the
financial statements.
Cash equivalents correspond to time deposits highly liquid in the short term.
Any changes in the fair value of these assets and any interests earned are
recorded in the statement of comprehensive income.
ii. Financial liabilities -
Recognition and initial measurement -
Financial liabilities are classified at the time of initial recognition as financial
liabilities at fair value through profit or at amortized cost net of transaction
costs directly attributable to the acquisition of the financial liability.
Subsequent measurement -
Liabilities classified at amortized cost are measured using the effective
interest rate method. Profits and losses are recognized in the Statement of
Activities and Other Comprehensive Income.
The amortized cost is calculated considering any discount or premium on the
acquisition and the commissions or costs that are an integral part of the
effective interest rate.
Amortization in accordance with the effective interest rate method is
recognized as a financial cost in the Statement of Activities and Other
Comprehensive Income.
The CIP’s financial liabilities at amortized cost include accounts payable to
third parties, and other accounts payable, and its par value is similar to its
amortized cost.
Offsetting of financial assets and liabilities
Financial assets and liabilities are offset when there is legal right to set them
off and Management has the intention either to settle on a net basis or to
realize the asset and settle the liability simultaneously.
10
Notes to the financial statements (continued)
Derecognition of financial assets and liabilities
Financial assets:
A financial asset is derecognized when: (i) title to receive cash flows from the
asset has ceased; or (ii) the Company has transferred its title to receive cash
flows from the asset or has assumed an obligation to pay the cash flows in full
immediately to a third party under a transfer agreement, and (iii) the
Company has transferred substantially all of the risks and benefits derived
from the asset or, if not all of the asset risks and benefits have been
transferred or withheld substantially, it has transferred its control on it.
Financial liabilities:
A financial liability is derecognized when the obligation to pay is either
discharged or cancelled or expires.
When an existing financial liability is replaced by another one of the same
lenders under significantly different conditions, or the conditions are
materially modified, such replacement or modification is treated as a
derecognition of the original liability, recognizing the new liability and
showing the difference between them in the period profit or loss.
iii. Compensation of financial instruments -
Financial assets and financial liabilities are offset so that the net amount is
reported in the Statement of Financial Position, only if there is a current
legally enforceable right to offset the amounts recognized, and there is an
intention to settle them for the net amount or to realize assets and cancel
liabilities simultaneously.
(b) Accrual basis -
CIP prepares its Financial Statements based on an accumulation or accrual
basis.
Based on an accrual basis, the expenses represent actual or estimated cash
outflows incurred or will be possibly incurred as a result of CIP’s operations in
progress during the period.
(c) Foreign currency translation -
Functional and presentation currency -
The items included in the Financial Statements are measured in the currency
of the primary economic environment where CIP operates in (its functional
currency). The Financial Statements are presented in US dollars, which is the
CIP’s functional and presentation currency.
Transactions and balances -
Foreign currency transactions are translated into functional currency at
exchange rates ruling as of the dates of transactions or the date of valuation
in case of revalued items.
11
Notes to the financial statements (continued)
The income and expenses for exchange differences resulting from the
payment of such transactions and the translation of monetary assets and
liabilities stated in foreign currency at exchange rates at the closure are
recorded in the Statement of Activities and Other Comprehensive Income,
except when they are deferred as other income and expenses in transactions
qualifying as cash flow hedge and net investment hedge.
(d) Cash and cash equivalents, note 6 -
Cash and cash equivalents presented in the Statement of Financial Position
comprise the cash balances held in cash, in bank checking accounts, and bank
time deposits with a term of less than three months.
(e) Investments, note 7 -
Investments correspond to time deposits, commercial papers, bonds, opened
and/or acquired with the funds from Donors to be used in the execution of
projects. These investments bear interest at market rates.
Investments are recognized and presented at their par value, which is similar
to its amortized cost. The impairment of investments is estimated according
to the policies established by the Management and they are recorded when
there is objective evidence that CIP will not recover all amounts.
Investments with maturity over twelve (12) months are presented as non-
current assets.
(f) Accounts receivable, note 8 -
The accounts receivable correspond to the amounts CIP has the right to
demand from Donors, CGIAR Centers, and third parties for the activities
inherent to the normal course of the business.
The accounts whose maturity is within a twelve-month period or lower from
the date of the Statement of Financial Position are classified as current
assets. If their maturity is over a twelve-month period, they are recorded as
non-current assets.
The accounts receivable are initially recognized at their fair value.
Subsequently, they are measured at their amortized cost using the effective
interest rate less estimate for impairment.
Donors and other receivable will be subject to impairment evaluation applying
the simplified approach. However, the CIP has concluded that based on the
historical behavior of its donors portfolio where no defaults are observed, the
credit quality of the donors and a qualitative evaluation of prospective
macroeconomic information will not be required the recording of additional
provisions for impairment of accounts by charge as it is not expected that the
level of credit risk in the future will deteriorate significantly.
(g) Inventories, note 11 -
Inventories of materials and supplies are recorded at their acquisition cost.
The acquisition cost includes the purchase price plus freight, insurance, and
handling charges. Inventories are valued at the average cost, which should not
exceed the market value. Materials in transit are stated at cost.
12
Notes to the financial statements (continued)
(h) Property, plant, and equipment, note 13 -
Properties, plant, and equipment are valued at acquisition cost, net of the
corresponding accumulated depreciation, and accumulated losses for
impairment, if so.
The initial cost of facilities and various equipment comprise their purchase
price, including tariffs and non-reimbursable purchase taxes, as well as other
costs directly attributable to the respective placement and start-up.
Subsequent costs attributable to assets are capitalized only when they may be
reliably measured and to the extent that is probable that future economic
benefits over a normal performance of such an asset will flow to CIP.
The maintenance and repair expenses are charged to the Statement of
Activities and Other Comprehensive Income in the period they are incurred.
The cost of interest (and exchange differences for this interest) based on
loans granted to finance the construction of buildings, facilities and
equipment are capitalized.
The carrying amount of these assets is revised on a regular basis to guarantee
that it does not differ significantly from their fair value at the closure of each
fiscal year.
When the carrying amount of an asset is higher than its estimated recoverable
value, it is immediately reduced to its recoverable amount.
The cost and accumulated depreciation of the sold or disposed assets are
eliminated from their respective accounts and the profit or loss impact the
results for the period.
The assets with an individual purchase price of US$3,500 or higher, including
taxes, freight, and installation costs, are classified as property, plant and
equipment.
The residual values and useful lives of the assets are revised and adjusted, if
necessary, as of the date of each Statement of Financial Position.
Estimate of useful life of property, plant and equipment is as follows:
Years
Buildings 50
Agricultural machinery 15
Laboratory and scientific equipment 10
Office equipment, furnishings, and accessories 10
Servers, network systems, and telecommunication equipment 10
Vehicles 5
Computers and peripheral devices 10
Depreciation -
CIP properties, plant, and equipment (fixed assets) depreciation is calculated
based on its estimated useful life as per the years specified above, except for
assets purchased for projects and returned to the donor or transferred to
other entities as per donor designation in the agreement, which will be
depreciated according to the useful life of the project or the useful life of the
fixed asset, the lower.
13
Notes to the financial statements (continued)
Disposals -
An item of property, plant and equipment and any significant part initially
recognized is derecognized upon disposal or when no future economic benefits
are expected from its use or disposal.
Any gain or loss arising on derecognition of the asset (calculated as the
difference between the net disposal proceeds and the carrying amount of the
asset) is included in the Statement of Activities and Other Comprehensive
Income when the asset is derecognized.
(i) Intangible assets, note 14 -
Intangible assets are recorded when it is probable that future economic
benefits will flow, and CIP is responsible for asset management risks.
Intangible assets are recorded at the initial cost less their accumulated
amortization and mainly correspond to payments made for software
acquisition and/or development.
Correspond to a defined intangible and the amortization is calculated using
the straight-line method over the estimated useful life.
The estimate of the useful life of intangible assets is ten (10) years.
(j) Leases - Lessors
Lessors classify lease contract as financial and operative leases. The lease
income is recognized as the service is rendered.
(k) Impairment of non-financial assets -
CIP’s non-monetary assets property, plant and equipment and intangible; are
subject to impairment testing when there are events or circumstances
indicating that their carrying amount may not be recoverable.
The losses for impairment arise when the carrying amount of the asset is
higher than its recoverable value. The recoverable value of an asset
corresponds to the higher of its net amount after the sale, less its cost of
sales, or its use value.
If the carrying amount of an asset exceeds its recoverable value, a loss for
impairment is recognized as an expense in the Statement of Activities and Other
Comprehensive Income for the year.
The losses for impairment will be returned if there is a change in the estimates
used to determine the recoverable value of the assets. They will be returned
until the carrying amount of the asset does not exceed the determined fair
value, net of depreciation if a loss for impairment is not recognized.
14
Notes to the financial statements (continued)
(l) Employees’ benefits -
CIP has short-term benefit obligations for employees’ benefits, including
salaries, payroll contributions, and legal bonuses. These obligations are
monthly charged to the Statement of Activities and Other Comprehensive
Income on an accrual basis.
Resignation benefits -
Resignation benefits are paid when the labor relationship is stopped before
the normal date of retirement or when an employee voluntarily accepts to
resign in exchange for benefits.
CIP recognizes the resignation benefits when it is committed i) to stopping the
labor relationship with employees according to a detailed formal plan with no
possibility of resignation or ii) to offering resignation benefits to promote
voluntary resignation.
The benefits maturing in more than twelve (12) months from the date of the
Statement of Financial Position are discounted at current value.
Vacations -
The annual vacations of personnel are recognized on an accrual basis. The
provision for the estimated obligation for annual vacations of personnel
resulting from services provided by the employees is recognized as of the date
of the Statement of Financial Position.
Severance indemnities -
The severance indemnities corresponding to CIP’s employees are under
applicable legal provisions in each country where CIP operates in.
(m) Recognition of income and expense-
Income from donations in cash or in kind without any type of restriction is
fully recognized when it is received or agreed by confirmation letter.
The grants received with the restriction of being destined to a specific
purpose are recognized provided that such donations are used for such a
specific purpose.
The restricted donations are initially debited from “Cash and cash
equivalents” and credited to “Deferred Income from Donors”, respectively, in
the Statement of Financial Position. Subsequently, while they are used, the
funds granted are recorded in the Statement of Activities and Other
Comprehensive Income in the same amounts they were executed.
The disbursements made by CIP that will be reimbursed by the Donors are
recorded in “Accounts receivable from Donors, net” in the Statement of
Financial Position. In case CIP has not used the total amount received, it will
be transferred to the donors.
Other income and expenses, including income from services provided by CIP,
are recognized as they accrue, regardless of when the payment is made or
received and are recorded in the periods to which they relate.
15
Notes to the financial statements (continued)
Income comprises the fair value of the consideration received or receivable
and represents the amounts receivable for service provision, net of returns,
discounts, and sales tax.
CIP recognizes its income when it may be reliably measured and when is
probable that future economic benefits will flow to CIP, provided that the
transaction complies with the specific criteria for each activity of CIP.
The expenses are recognized as earned, regardless of when it is paid, and
recorded in the periods to which they relate.
(n) Deferred income, note 15 -
Current deferred income includes all funds received in advance, according to
Donors, whose activities have not finished yet; and the recognition of non-
current deferred income is related to fixed assets purchased with Donors
funds, which are depreciated during the useful life of the fixed assets or as
per the useful life of the project, the lower - see note 2.3 (h).
(o) Indirect cost recovery, note 29-
The cost structure adopted by CIP is based on CGIAR Cost Principles and
Indirect Cost Guidelines (issued April 2020), and Activity- Based Cost
Methodology (ABC), which allows direct cost allocation to research according
to the contribution of each cost unit for the project. CIP applies this
methodology to all restricted projects funded by Windows 1 and 2, Window 3,
and Bilateral consistently.
The institutional costs (overhead expenses) are business support costs that
cannot be directly related to research activities. These costs are gathered in a
common group and are distributed to benefiting activities by a cost allocation
process involving the application of a percentage rate (overhead expense
rate).
(p) Provisions, note 19 -
Provisions are registered when 1) CIP has an obligation (legal or constructive)
as a result of a past event, 2) it is a probable outflow of resources embodying
economic benefits to settle the obligation, and 3) when a reliable estimate of
the obligation can be made.
When CIP expects that one or all provisions are reimbursed, the
reimbursement is recorded as a separate asset but only when reimbursement
is certain. The expense related to a provision is recorded in the Statement of
Activities and Other Comprehensive Income, net of any reimbursement.
The provision for the repatriation of GRS corresponding to the liability that
will incur and the benefits that the repatriation personnel have at the end of
their contract periods. CIP expects to grant loans for repatriation payable to
all the world's personnel based on estimated flights, relocations and freight
costs. See note 19.
16
Notes to the financial statements (continued)
(q) Contingent -
A contingent liability is a possible obligation arising from past events, whose
existence will be confirmed only by the occurrence or not of one or more
uncertain future events that go beyond the control of CIP or a current
obligation arising from past events, but it is not recognized due to the fact
that:
- It is not probable that an outflow of resources embodying economic
benefits to settle the obligation arises or
- The amount of the obligation may not be reliably measured.
Contingent assets are not recognized in the separate Financial
Statements; however, they are disclosed in notes if it is probable that
such contingent assets will be realized. See note31.
(r) Comparative financial statements –
The following reclassifications have been made in the Statement of Financial
Position and Statement of Activities and other comprehensive income for the
year ended December 31, 2021, for comparative purposes with the current
period:
Statement of Financial Position –
- Transfer from " Accounts receivable other - CGIAR Hosted Centers" to
Accounts receivable other - Institutions" for US$0.16 million.
- Transfer from " Accounts payable other - CGIAR Centers" to " Accounts
payable other - Institutions " for US$0.3 million.
Statement of Activities and Other Comprehensive Income –
- Transfer from " Other Operating Revenue and Gains" to "Bilateral
Revenue" for US$0.71 million.
- Transfer from " Expenses by function Restricted - Supplies and services"
to "Expenses by function Unrestricted - Supplies and services" for US$0.1
million.
(s) Presentation of financial statements –
The format of The Statement of Activities and Other Comprehensive Income
for the year 2021 has been changed to improve the presentation of the results
according to the type of funds, the breakdown of results into Non-Portfolio
and Portfolio for it is no longer used.
The Center's Management considers that the reclassifications allow a better
presentation of the financial statements and is consistent with the
International Financial Reporting Standards.
17
Notes to the financial statements (continued)
2.4 MODIFICATIONS AND AMENDMENTS TO IFRS ISSUED THAT ARE NOT
EFFECTIVE AS OF THE DATE OF THE FINANCIAL STATEMENTS
The modifications and new IFRS that have been issued up to the date of issuance of
the financial statements and that apply to the CIP, but that are not yet in force, are
described below.
The impact that its initial application will have on the financial statements is
unknown since its amount cannot be reasonably estimated. The CIP intends to adopt
these new and modified standards and interpretations when they become effective.
Amendments to IAS In January 2020, the IASB published amendments to
1: Classification of paragraphs 69-76 of IAS 1 to specify the requirements for
liabilities as current classifying liabilities as current or non-current. The
or non-current amendments clarify:
· What is understood by the right to postpone
liquidation?
· There should be a right to defer at the end of the
reporting period.
· That classification is not affected by the probability
that an entity will exercise its deferral right.
· That only if a derivative embedded in a convertible
liability is itself an equity instrument, the terms of a
liability would not affect its classification
The amendments are effective for annual periods beginning
on or after January 1, 2024, and must be applied
retroactively. The CIP is currently evaluating the impact the
modifications will have on current practice and whether
existing loan agreements may require renegotiation.
Definition of In February 2021, the IASB issued modifications to IAS 8, in
Accounting which it introduces a definition of “accounting estimates.”
Estimates - The modifications clarify the distinction between changes
Amendments to IAS in accounting estimates and changes in accounting policies
8 and the correction of errors. In addition, they clarify how
entities use measurement techniques and input data to
develop accounting estimates.
The modifications are effective for annual periods
beginning on or after January 1, 2023, and apply to changes
in accounting policies and changes in accounting estimates
that occur at the beginning of that period. Early application
is permitted as long as this fact is disclosed.
The modifications are not expected to have a significant
impact on the CIP.
Disclosure of In February 2021, the IASB issued amendments to IAS 1 and
accounting policies IFRS Practice Document 2 “Making Materiality Judgments,”
- Amendments to which provides guidance and examples to help entities
IAS 1 and Practice apply materiality judgments to accounting policy
Document 2 of IFRS disclosures. The amendments are intended to help entities
provide accounting policy disclosures that are more useful
by replacing the requirement that entities disclose their
“significant” accounting policies with a requirement to
18
Notes to the financial statements (continued)
disclose their “material” accounting policies and by adding
guidance on how accounting policies should be disclosed.
Entities apply the concept of materiality when making
decisions about accounting policies to be disclosed.
The amendments to IAS 1 are applicable for annual periods
beginning on or after January 1, 2023, allowing the early
application. Because the amendments to Practice
Document 2 provide non-mandatory guidance on applying
the definition of materiality to accounting policy
information, an effective date for these amendments is not
required.
The CIP is currently evaluating the impact of the
modifications to determine the impact they will have on its
accounting policy disclosures.
3. Risk management policies
CIP is committed to promoting a risk management culture and developing and maintaining
a framework, procedures, and structures to identify, assess, and manage risk on a formal
and systematic basis.
In 2015, the Board of Trustees approved the Risk Management Operating Policy
establishing CIP’s risk management principles and practices, as well as the institutional
assessment criteria and parameters to guide the Management to deal with risks.
CIP has created a Permanent Risk Management Committee, which will monitor and assess
periodically the implementation and efficacy of the risk management program resulting from
the operations of CIP, as well as to create a risk assessment and mitigation culture.
The activities carried out by CIP expose it to a variety of financial risks. The main risks
that may adversely affect the financial assets and liabilities, as well as future cash flows
are variations of the exchange rate and a decrease in funding from Donors.
The Management assesses and monitors these risks and tries to reduce potential adverse
effects in the financial performance on a regular basis.
Liquidity risk -
Liquidity risk results from the administration made by the CIP of its working capital,
financial charges, and capital payments of its debt instruments. The risk is that the CIP
will have difficulties to meet their obligations when due.
The CIP policy is to make sure that it always has enough cash for them to be able to meet
their obligations when due. To that effect, they try to maintain cash balances to cover
their expected requirements for a period of at least 90 days.
Credit risk -
The customer's credit risk is administered by Management, subject to policies, procedures
and control established by it.
Credit risk also arises from cash and deposits in banks and financial institutions.
In the case of banks and financial institutions, only independently evaluated companies
with a high rating are accepted.
19
Notes to the financial statements (continued)
Interest risk -
Interest risk is the risk of fluctuation of the fair value of future cash flows of a financial
instrument due to changes in the market interest rate. The CIP is not exposed to this risk,
as it does not keep any financial liabilities that are subject to interests and its financial
assets are not exposed to interest rates fluctuations.
Exchange risk -
Most of the CIP transactions are made in US Dollars, which is its functional currency. In
order to mitigate the CIP exposure to exchange rate, cash flows in non-functional currency
are continuously reviewed.
4. Judgment assumption estimates
The estimates and criteria used by CIP are permanently assessed and are based on its
historical experience and other factors, including the expectation of occurrence of future
events that are considered reasonable according to the circumstances.
CIP makes future estimates and assumptions. The resulting accounting estimates by
definition usually differ from the respective actual results.
Estimates and assumptions with a significant risk to result in material adjustments to the
balances of assets and liabilities next year are the following:
- Allowance for expected credit losses -
The CIP applies a simplified approach when calculating expected credit losses to
trade receivables and contractual assets that do not contain a significant financing
component. Therefore, The CIP does not track changes in credit risk, but recognizes
a provision based on expected credit loss for life on each reporting date.
The CIP has established a provisions matrix based on its historical experience of
credit losses, adjusted for specific prospective factors for debtors and the economic
environment.
- Provisions -
By their nature, provisions are resolved when one or more future events occur or fail
to occur. Assessing the existence and potential amount of the provisions inherently
involves the exercise of significant judgment and the use of estimates about the
outcome of future events.
- Useful lives of property, plant and equipment and intangible assets -
The accounting treatment of property, plant and equipment and intangible assets
requires the use of estimates to determine their useful lives for the purpose of
depreciation and amortization. The determination of useful lives requires estimates
regarding future technological developments and alternative uses of these assets.
The assumptions regarding the technological framework   and its future
development involve a significant degree of judgment to the extent that the timing
and nature of future technological advances are difficult to predict.
20
Notes to the financial statements (continued)
- Impairment of investments
The impairment of investments is estimated according to the policies established by
the Management, and they are recorded when there is objective evidence that CIP
will not recover all amounts.
Management considers that the estimates included in the Financial Statements were made
on the basis of their better knowledge of the relevant events and circumstances at the date
of preparation thereof; however, the final results may differ from the estimates included in
the Financial Statements.
5. Financial instruments per category
(a) As of December 31, the classification of financial instruments is as follows:
____________A_s_ _o_f _D_e_c_e_m_b_e_r_ 3_1_,__2_0_2_2____________
Investments Liabilities at
Loans and held-to- amortized
receivables maturity cost Total
US$(000) US$(000) US$(000) US$(000)
Assets
Cash and cash equivalents 11,610 - - 11,610
Short and long term Investments - 4,071 - 4,071
Accounts receivable from donors
– includes CGIAR Centers 5,212 - - 5,212
Accounts receivable - others 2,618 - - 2,618
Accounts receivable –employees _______33_ ________- ________- _______33_
Total Assets __1_9_,_4_7_3 ___4_,_0_7_1 _______- __2_3_,_5_4_4
Liabilities
Accounts payable to donors –
includes CGIAR Centers - - 6,596 6,596
Accounts payable to employees - - 27 27
Accounts payable to others ________- ________- ____7_,_5_19_ ____7_,_5_19_
Total Liabilities _______- _______- __1_3_,_8_2_2 __1_3_,_8_2_2
21
Notes to the financial statements (continued)
As of December 31, 2021
____________________________________________
Investments Liabilities at
Loans and held-to- amortized
receivables maturity cost Total
US$(000) US$(000) US$(000) US$(000)
Assets
Cash and cash equivalents 17,784 - - 17,784
Short and long term Investments - 973 - 973
Accounts receivable from donors
– includes CGIAR Centers 5,969 - - 5,969
Accounts receivable - others 1,802 - - 1,802
Accounts receivable –employees _______7_4 ________- ________- _______7_4
Total Assets __2_5_,_6_2_9 _____9_7_3 _______- __2_6_,_6_0_2
Liabilities
Accounts payable to donors –
includes CGIAR Centers - - 11,090 11,090
Accounts payable to employees - - 20 20
Accounts payable to others ________- ________- ____6_,_7_91_ ____6_,_7_91_
Total Liabilities _______- _______- __1_7_,_9_0_1 __1_7_,_9_0_1
6. Cash and cash equivalents
(a) The balance of this caption comprises:
2022 2021
US$(000) US$(000)
Petty cash 40 60
Bank accounts (b) 7,983 16,097
Time deposits (c) 3,460 1,500
Bank Certificate 127 127
__________ __________
Total ___1_1_,_6_1_0 ___1_7_,_7_8_4
(b) CIP has its bank accounts at first-level foreign and local institutions, and they
correspond mainly to balances in US dollars in 2022 and US dollars, Euros, and Indian
Rupees in 2021. These funds are freely available and do not earn interest.
For the period ended December 31, 2022 funds at bank accounts corresponds mainly
to funds amounting to US$1.7 million granted by CGIAR System related to Initiatives
projects, US$ 2 million granted by China Government, US$ 1.4 million granted by
European Commission and US$ 2 million granted by Germany Government; and for
the period ended December 31, 2021 funds corresponds mainly to funds amounting
to US$5.5 million granted by CGIAR System related to CRP about Roots, Tubers, and
Bananas (Stage 2) and US$ 0.5 million granted by Irish Aid.
(c) Time deposits have been made in US dollars with maturity less than 3 months and
bear interest at market rates. Have been cancelled at their maturity.
22
Notes to the financial statements (continued)
7. Investments
(a) Correspond mainly to investments as of December 2022, the balance is detailed as
follows:
2022 2021
US$(000) US$(000)
Short-term investments 3,901 529
Long-term investments _______1_7_0_ _______4_4_4_
Total 4,071 973
_________ _________
(b) Current and non-current investments are the following:
_____I_n_ve_s_t_m_e_n_t_s_ a_s_ o_f_ D_e_c_e_m__b_e_r _3_1_, _2_0_2_2_____
Type of Date of Date of
Institution Rating Rate Investment Investment Maturity Par Value
US$ (000)
Short-term
BBVA N.Y. 4.52% Time Deposit 31-Oct-22 10-Feb-23 800
BBVA N.Y. 4.76% Time Deposit 18-Nov-22 10-Mar-23 1,900
BBVA N.Y. 4.91% Time Deposit 2-Dec-22 13-Apr-23 900
Banco BBVA Perú S.A. AAA 5.53% Bonds 11-Jul-18 15-Jun-23 ____3_0_1
Short-term __3_,9_0_1
Long-term
Alicorp S.A.A. AAA 6.50% Bonds 25-Oct-18 23-Sep-24 ____1_7_0
Long-term ____1_7_0
Total investments __4_,0_7_1
_____I_n_ve_s_t_m_e_n_t_s_ a_s_ o_f_ D_e_c_e_m__b_e_r _3_1_, _2_0_2_1_____
Type of Date of Date of
Institution Rating Rate Investment Investment Maturity Par Value
US$ (000)
Short-term
Procter & Gamble Perú S.R.L. AA- 1.61% Bonds 30-Nov-17 6-Feb-22 504
Leasing Total S.A. AA- 5.66% Bonds 13-Jun-18 23-May-22 _____2_5
Short-term ___5_2_9
Long-term
Banco BBVA Perú S.A. AAA 5.53% Bonds 11-Jul-18 15-Jun-23 284
Alicorp S.A.A. AAA 6.50% Bonds 25-Oct-18 23-Sep-24 ____1_6_0
Long-term ____4_4_4
Total investments ___9_7_3
23
Notes to the financial statements (continued)
Time deposits and bonds are in US dollars and bear interest at market rates.
(c) As of December 31, 2022 and 2021, the accrued interest corresponding to
investments and Time deposits included in cash and cash equivalents during the year
amounted to US$ 0.12 million and US$0.09 million respectively, which were
registered as finance income in the Statement of Activities and Other
Comprehensive Income.
8. Accounts receivable – donors
(a) The restricted balances from the approved agreements and the expenses incurred
before receiving funds from Donors are classified as follows:
2022 2021
US$(000) US$(000)
Restricted - W3 202 158
Restricted – Bilateral 4,809 4,190
Restricted – W1 and W2 529 -
__________ __________
Sub-total Donors 5,540 4,348
Allowance for expected credit losses (d) (409) (409)
__________ __________
Total _____5_,1_3__1 _____3_,9_3__9
As of December 31, 2022 and 2021, the accounts receivable from Donors are
denominated mainly in US dollars and euros, have current maturity and do not have
a specific guarantee. The amount of US$ 0.77 million was collected in the first
quarter from 2023.
(b) Accounts receivable from CGIAR Centers are related to the normal course of
business; amounts that CIP has the right to demand due to the execution of
projects.
The accounts receivable from CGIAR Centers comprise the following:
2022 2021
US$(000) US$(000)
Global Crop Diversity Trust (c) 63 1,542
ILRI 30 53
CIAT - 167
IFPRI - 253
IITA 47 68
Bioversity 36 40
CIMMYT __________- _________2_
Sub-total Donors 176 2,125
Allowance for expected credit losses (d) _______(9__5_) _______(9__5_)
Total CGIAR Centers _______8__1 _____2_,0_3__0
24
Notes to the financial statements (continued)
(c) As of December 31, 2022 and 2021, the operations carried out with Global Crop
Diversity Trust (GCDT) are mainly related to finance of funds corresponding to
Windows 1, Windows 2 and Bilateral.
The policy of the CIP is to carryout operations with CGIAR Centers under normal
conditions established by the market.
(d) In the Management’s opinion, the balance of allowance for expected credit losses,
properly covers the loss risk of allowance for doubtful accounts as of December 31,
2022 and 2021.
9. Accounts receivable - employees
(a) This caption comprises the following:
2022 2021
US$(000) US$(000)
Loans (b) 26 63
Travel advances (c) 27 70
Others (d) _________7_ ________1_1_
Total 60 144
_________ _________
(b) Loans have current maturity, bear interest, and do not have specific guarantees.
(c) Travel advances correspond to the disbursements made to employees for travel
expenses that will be used for the execution of projects.
(d) Correspond to leave with pay during national state of emergency due to the COVID-
19 pandemic.
10. Accounts receivable - others
(a) This caption comprises the following:
2022 2021
US$(000) US$(000)
Institutions (b) 2,372 1,689
Taxes (c) 373 240
CGIAR Hosted Centers (e) 64 64
_________ _________
Sub-total Others 2,809 1,993
Allowance for expected credit losses (d) (191) (191)
__________ __________
Total ____2_,_6_1_8_ ____1_,_8_0_2_
(b) As of December 31, 2022 include accounts receivable of US$ 0.81 from CGIAR System
Organization in accordance with hosting agreements related to payroll
reimbursements. As of December 31, 2022 and 2021, the amounts corresponds
mainly to accounts receivable of US$ 0.191 million from National Institute of
Innovation Agrarian (INIA for its Spanish acronym) in accordance with the agreement
of inter-institutional cooperation related to the organization of the World Potato
Congress 2018; from Assam Rural Infrastructure and Agricultural Services, related to
25
Notes to the financial statements (continued)
activities from project “Technical Assistance for Improving Farmers' livelihoods
through sustainable intensification & diversification of agri-food systems with
Climate-smart potato technologies" for US$ 0.79 million and US$1.13 million
respectively and from ICRAF related to reimbursable amounts owed to the CIP for
the use of facilities and services for US$ 0.15 million and US$ 0.16 million
respectively.
The amount of US$ 0.47 million was collected in the first quarter from 2023.
(c) Tax receivables are mainly related to valued added Tax (IGV for its Spanish
acronym), whose recovery will take place during the normal operating cycle.
(d) Corresponds to the expected credit losses estimated based in the evaluation of the
credit risk of each of the debtors.
(e) The Accounts receivable - others related to CGIAR Centers are the reimbursable
amounts owed to the CIP for the use of facilities and services.
The balance corresponding to CGIAR Centers - Hosted comprises the following:
2022 2021
US$(000) US$(000)
CIAT 50 17
Worldfish - 47
WYSS ________1_4_ __________-
Total CGIAR Centers - Hosted Centers 64 64
__________ __________
The amount of US$ 0.06 million was collected in the first quarter from 2023.
(f) In the Management’s opinion, the balance of allowance for expected credit losses,
properly covers the loss risk of allowance for doubtful accounts as of December 31,
2022 and 2021.
11. Inventories
This caption comprises the following:
2022 2021
US$(000) US$(000)
Laboratory and field supplies 96 12
Office supplies 1 1
Spare parts and others _________5_ _________2_
Total ______1_0_2_ _______1_5_
26
Notes to the financial statements (continued)
12. Advances
(a) This caption comprises the following:
2022 2021
US$(000) US$(000)
Projects 1,201 2,584
Suppliers _______5_3_8_ _______4_8_5_
Total ____1_,_7_3_9_ ____3_,_0_6_9_
(b) Prepayments for projects are detailed below:
2022 2021
US$(000) US$(000)
ILRI 138 159
IITA 385 210
IFPRI 111 129
IRRI 19 103
CIAT - 38
Africa Rice 15 -
IWMI ________7_9_ __________-
Total CGIAR Centers (c) 747 639
Others (d) _______4_5_4_ _____1_,_9_4_5_
Projects 1,201 2,584
Suppliers _______5_3_8_ _______4_8_5_
Total ____1_,_7_3_9_ ____3_,_0_6_9_
(c) As of December 31, 2022 and 2021, the operations carried out with CGIAR Centers
are related to prepayments made to operate the regional offices where CIP is
implementing projects and advances made according to the contracts signed that
have not been liquidated yet.
(d) As of December 31, 2022 and 2021, the amount corresponds mainly to advance to
non-CGIAR collaborator, which was made according to the collaboration agreement
for US$ 0.08 million and US$ 1.315 million respectively, from North Carolina State
University related to activities from project “SweetGAINS: Genetics Advances and
Innovative Seed Systems for Sweet Potato”.
27
Notes to the financial statements(continued)
13. Property, plant, and equipment
(a) The movement of “Property, Plant, and Equipment” and the corresponding depreciation in 2021 and 2020 are detailed below:
_____________________________U_n_r_e_s_t_ri_c_t_e_d_ _(C_I_P_’_s_ A_s_s_e_t_s_)____________________________ ________________________________________R__e_s_tr_i_c_te__d_ p_r_o_j_e_c_t_s________________________________________
Physical Infrastructure Furnishing and Work in Physical Infrastructure Furnishing and Work in
facilities and leasehold equipment progress Total facilities and leasehold equipment progress Total Grand Total
US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000)
Cost
Balance as of January 1, 2021(e) 1,570 2,686 5,157 - 9,413 225 1,401 4,739 542 6,907 16,320
Additions (c) 132 - - 44 176 594 7 192 19 812 988
Transfer - (5) 5 - - - - 542 (542) - -
Others - - (5) - (5) - - 5 - 5 -
Disposal (15) - (163) - (178) (47) (159) (189) - (395) (573)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2021 1,687 2,681 4,994 44 9,406 772 1,249 5,289 19 7,329 16,735
Additions (c) 122 132 87 157 498 80 - 376 47 503 1,001
Reclassification - - - (38) (38) - - - 38 38 -
Transfer - - - - - - - 57 (57) - -
Disposal - - (69) - (69) - - (107) - (107) (176)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2022 1,809 2,813 5,012 163 9,797 852 1,249 5,615 47 7,763 17,560
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Accumulated Depreciation
Balance as of January 1, 2021 1,047 440 2,435 - 3,922 125 276 2,939 - 3,340 7,262
Additions (b) 124 56 404 - 584 13 23 353 - 389 973
Disposals (15) - (153) - (168) (47) (159) (189) - (395) (563)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2021 1,156 496 2,686 - 4,338 91 140 3,103 - 3,334 7,672
Additions (b) 128 56 381 - 565 64 27 502 - 593 1,158
Disposals - - (53) - (53) - - (101) - (101) (154)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2022 1,284 552 3,014 - 4,850 155 167 3,504 - 3,826 8,676
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Net book value
Balance as of December 31, 2021 531 2,185 2,308 44 5,068 681 1,109 2,186 19 3,995 9,063
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2022 525 2,261 1,998 163 4,947 697 1,082 2,111 47 3,937 8,884
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
28
Notes to the financial statements(continued)
(b) As of December 31, 2022 and 2021, CIP recorded a depreciation of US$1.1 million
and US$0.9 million respectively.
(c) For the period ended December 31, 2022, purchases of restricted property, plant
and equipment amounted to US$0.5 million (US$0.8 million in 2021) and correspond
mainly to research equipment. Purchases of unrestricted property, plant and
equipment, in 2022 amounted to US$0.4 million (US$0.1 million in 2021).
As of December 31, 2022, and 2021, CIP does not have any property, plant and
equipment granted as guarantee.
(d) CIP has insured its main assets, through insurance policies contracted with a fire,
dishonesty, civil liability, transport and automobile insurance CIP As of December
31, 2022 and 2021.
(e) As of December 31, 2022 and 2021, the balance for unrestricted assets include the
cost of US$ 2.2 million corresponding to laboratory equipment an other fixed assets
donated by the Government of China in 2017, as the first contribution to a multi-
year research plan for the Center-China Center for Asia Pacific (CCCAP).
The assets started being used and depreciated in 2019 according to CCCAP
operational plan, the amount of depreciation recorded for 2022 and 2021 is US$ 0.21
respectively, see note 23c) and 24 c).
14. Intangible assets
The balance corresponding to intangible assets is the following:
2022 2021
US$(000) US$(000)
Costs
Balances as of January 1st 1,020 1,020
Additions - -
__________ __________
Balance as of December 31 _____1_,_0_2_0_ _____1_,_0_2_0_
Amortization
Balances as of January 1st (825) (726)
Additions _______(9__9_) _______(9__9_)
Balance as of December 31 (924) (825)
__________ __________
Net balance _______9__6 ______1_9__5
The balance correspond mainly to US$ 0.99 million to a software Unit4 Business World
(OCS), for accounting and financial application to record and consolidate all operations
carried out in the different countries where the CIP operates in.
The amortization period corresponding to this application is ten (10) years.
29
Notes to the financial statements (continued)
15. Deferred income from donors
(a) The balance is detailed below:
2022 2021
US$(000) US$(000)
Restricted - W3 2,013 2,562
Restricted – Bilateral 4,232 4,461
Restricted – W1 & W2 5 3,757
Unrestricted - W3 26 53
__________ __________
Total current portion _____6_,_2_7_6_ ____1_0_,_8_3_3_
Deferred income from donors-restricted (b) 3,937 3,995
Deferred income from donors-unrestricted (c) 1,506 1,718
__________ __________
Total non-current portion 5,443 5,713
__________ __________
Total 11,719 16,546
_________ _________
The deferred income from Donors corresponds to the balance of donations
received, whose application is pending in consecutive periods.
The balances whose execution is pending will be used in project management within
a one-year period as maximum. The project management contract signed with the
Donors establishes that the balances of non-executed received subsidies will be kept
in CIP’s accounts up to the respective execution.
(b) Correspond to fixed assets acquired with donors’ funds less the corresponding
depreciation during their useful life or as per the useful life of the project, the
lower - see note 2.3 (g).
(c) Correspond to donation of fixed assets that was received from Government of China
in 2017, less the corresponding depreciation during useful life. The assets include
research equipment and laboratory furniture, see Note 13(e).
16. Accounts payable - CGIAR Centers
(a) Accounts payable from CGIAR Centers are in relation to the normal course of
business. Amounts that CIP has received concerning the subsidies agreed, whose
activities have not finished yet.
30
Notes to the financial statements (continued)
(b) This caption comprises the following:
2022 2021
US$(000) US$(000)
CIMMYT 23 23
Bioversity - 68
IITA 58 102
GCDT 238 -
CIAT 1 -
ILRI - 64
_________ _________
Total 320 257
________ ________
These balances have current maturity and do not have specific guarantees.
17. Accounts payable – others
(a) The details of this caption are the following:
2022 2021
US$(000) US$(000)
Suppliers 6,089 5,804
Other deferred income (b) 781 393
Taxes 155 169
CGIAR Centers (c) 373 340
Institutions 121 85
_________ _________
Total 7,519 6,791
________ ________
(b) As of December 31, 2022 and 2021 “Other deferred income” corresponds mainly to
the balance of funds received from institutions, whose application is pending in
consecutive periods, for the amounts of US$ 0.22 million and US$ 0.11 million
respectively; the advance granted by Bayer CropScience LP as part of a sponsorship
agreement related to a project execution for the amount of US$ 0.06 million and
US$ 0.15 million respectively.
As of December 31, 2022 include the advance granted by CGIAR System Organization
in accordance with hosting agreements related to payroll reimbursement for the
amount of US$ 0.3 million.
31
Notes to the financial statements (continued)
(c) The operations carried out with the CGIAR Centers are related to advances sent by
such Centers to operate their offices at CIP’s facilities, and amount owed to Centers
for operating CIP’s offices; as well as the obligation resulting from the collection of
CSP for projects based on bilateral agreements.
2022 2021
US$(000) US$(000)
CGIAR System Office 327 247
Worldfish 7
Africa Rice - 31
BIOVERSITY 12 31
IITA - 30
IWMI - 1
CIAT 8 -
IRRI ________1_9_ __________-
Total 373 340
_________ _________
18. Accounts payable – employees
(a) The balance of this caption comprises the following:
2022 2021
US$(000) US$(000)
Vacations 1,124 1,083
Severance indemnities for NRS-HQ (CTS for its
Spanish acronym) 62 50
Severance indemnities for RRS-HQ 130 115
Others _______1_3_2_ _______1_6_6_
Total current portion _____1_,_4_4_8_ _____1_,_4_1_4_
Non- current provision for GRS repatriation costs (b) 599 645
__________ __________
Total _____2_,0_4__7 _____2_,0_5__9
(b) The provision for repatriation expenses corresponds to repatriation costs related to
staff under global contracts and they are paid according to the contract terms. The
staff under global contracts are entitled to repatriation benefits on the completion
of their contract periods.
Provision is made for repatriation payable to all global staff based on the estimated
air flights, relocations, and freight expenses.
32
Notes to the financial statements (continued)
19. Provisions
This caption comprises the following:
2022 2021
US$(000) US$(000)
Other provisions 191 50
Other provisions for NRS and RRS 85 103
__________ __________
Total ______2_7__6 ______1_5__3
20. Net assets
Unrestricted net assets are the amount set aside for the CIP’s use with no restrictions by
the Donors. Unrestricted net assets are divided into designated and undesignated.
Designated net assets include the acquisition cost, net of the depreciation charges related
to those goods that are part of the institutional Property, Plant, and Equipment, as well as
replacement costs.
Undesignated net assets correspond to operating surplus to comply with the CIP’s on-going
commitments and obligations when contributions are not made by the Donors on a timely
basis.
The net assets are the following:
2022 2021
US$(000) US$(000)
Undesignated 9,662 9,749
__________ __________
Other (a) 9 308
Deficit for the year ______(6_9__7_) ______(3_9__5_)
Total undesignated 8,974 9,662
__________ __________
Designated
Reserve for replacing property, plant and equipment 3,546 3,854
__________ __________
Other (a) ________(_9_) ______(3_0__8_)
Total designated 3,537 3,546
__________ __________
Total net assets ____1_2_,5_1__1 ____1_3_,2_0__8
(a) The movement from designated to undesignated has been made to reflect the
current total of institutional property, plant and equipment, and intangibles as
designated assets.
33
Notes to the financial statements (continued)
21. Tax matters
As mentioned in Note 1, CIP is a root and tuber research-for-development institution
delivering sustainable solutions to the pressing world problems of hunger, poverty, and the
degradation of natural resources.
According to Article 19º (b) of the Consolidated Ordered Text (TUO for its Spanish
acronym) of the Income Tax Law, approved by Executive Order Nº 179-2004-EF, the
income - destined for the specific purposes through the country - of foundations subject to
tax and non-profit organizations, whose articles of association exclusively comprise some
or various of the following purposes: charity, social assistance, education, culture,
science, arts, literature, sports, politics, unions, housing, provided that they are not
distributed, directly or indirectly, among the partners, and their by-laws establish that, in
case of dissolution, its net assets will be used for the mentioned purposes, shall be
exempted from income tax.
22. Other operating revenue and gains
(a) This caption comprises the following:
2022 2021
US$(000) US$(000)
Consultancy income 8 53
Revenue from other service units 12 11
Others 11 147
__________ __________
Total _______3__1 ______2_1__1
23. Other non-operating income
(a) This caption comprises the following:
2022 2021
US$(000) US$(000)
CGIAR hosting agreement (b) 989 -
Rental space (c) 29 124
Hosting services revenue 332 195
Donated fixed asset income (d) 213 213
Reversal of provisions (e) 262 265
Recoveries 137 137
The Initiative Design Team (f) - 68
Excellent in Breeding (g) 45 -
Others 34 26
__________ __________
Total _____2_,0_4__1 _____1_,0_2__8
(b) For period 2022 correspond to agreement signed with CGIAR Center to cover payroll
expenses of employees leaders from CIP.
(c) For period 2022 and 2021 correspond to rental contract signed with Bioversity and
Fall Creek Peru respectively.
34
Notes to the financial statements (continued)
(d) Correspond to the income recognized due to register of the depreciation of fixed
assets that were donated by China Government, see note 13 (e).
(e) For 2022 correspond mainly to reversal of provision related to Information
Technology expenses for US$ 0.14 million and reversal of audit provision for US$
0.04 million. For 2021 correspond mainly to reversal of vacations provision for US$
0.17 million and reversal of repatriation provision for US$ 0.03 million.
(f) For 2021 correspond to amount received from the CGIAR Center to cover expenses
of scientific leaders from CIP.
(g) For 2022 correspond to amount received from CIMMYT to cover expenses of an
employee from CIP.
24. Other non-operating costs
(a) This caption comprises the following:
2022 2021
US$(000) US$(000)
Expenses CGIAR hosting agreement 857 -
Provision and write off for uncollectible (b) 551 142
Expenses rental space 22 77
Donated fixed asset depreciation 213 213
Expenses Excellent in Breeding 45 -
The Initiative Design Team - 43
Others (c) 225 140
__________ __________
Total _____1_,9_1__3 ______6_1__5
(b)     For 2022 and 2021 include account receivable write off for US$ 0.17 million and US$
0.14 million respectively that correspond mainly to amounts not approved by
donors. For 2022 include taxes expenses from India for US$ 0.38 million.
(c) For 2022 and 2021 include expenses for laboratory improvements for US$ 0.06
million and US$ 0.08 million respectively. For 2022 and 2021 include expenses
related to hosting agreement for US$ 0.11 million and legal process lost for US$ 0.03
million, respectively.
35
Notes to the financial statements (continued)
25. Expenses by nature
The expenses by nature are classified as follows:
_______________________2_0_2__2_______________________
Unrestricted Restricted Total
US$(000) US$(000) US$(000)
Expenses by function
Personnel costs 6,616 12,790 19,406
Collaborators - CGIAR Centers - 915 915
Supplies and services 4,608 15,126 19,734
Other collaboration - 3,406 3,406
Travel 434 1,879 2,313
Depreciation and amortization 549 495 1,044
System cost (CSP) 62 426 488
Operation services recovery (6,346) - (6,346)
________ ________ ________
Subtotal expenses and losses ___5_,_9_2_3_ __3_5_,_0_3_7_ __4_0_,_9_6_0_
Indirect cost recovery __(4__,5_9__1_) ___4_,_5_9_1_ ________-
Total operating expenses 1,332 39,628 40,960
_______ _______ _______
_______________________2_0_2__1_______________________
Unrestricted Restricted Total
US$(000) US$(000) US$(000)
Expenses by function
Personnel costs 7,018 14,570 21,588
Collaborators - CGIAR Centers - 13,465 13,465
Supplies and services 4,185 16,025 20,210
Other collaboration 128 4,691 4,819
Travel 116 805 921
Depreciation and amortization 493 366 859
System cost (CSP) 55 453 508
Operation services recovery (6,416) - (6,416)
________ ________ ________
Subtotal expenses and losses ___5_,_5_7_9_ __5_0_,_3_7_5_ __5_5_,_9_5_4_
Indirect cost recovery __(4__,4_9__1_) ___4_,_4_9_1_ ________-
Total operating expenses 1,088 54,866 55,954
_______ _______ _______
26. Research program expenses
(a) Research Program Expenses include the following concepts in the Statement of
Activities and Other Comprehensive Income: Research for US$ 30.4 million (US$ 31.8
million in 2021), Collaborators - CGIAR Centers for US$ 0.91 million (US$ 13.5 million
in 2021), Non-CGIAR Collaborators for US$ 3.4 million (US$ 4.6 million in 2021) and
Unbillable Research Expenses for US$ 0.2 million (US$ 0.2 million in 2021). See Note
27.
36
Notes to the financial statements (continued)
The expenses incurred are the following:
2022 2021
US$(000) US$(000)
Research 33,665 48,533
Research support (b) 1,372 1,740
__________ __________
Total 35,037 50,273
_________ _________
(b) Research expenses correspond to those activities supporting research matters on a
direct basis.
27. Unbilled research expenses
Unbilled research expenses incurred in 2022 and 2021 amount to US$ 0.2 million. They
correspond to research expenses incurred during project implementation and that are not
accepted according to donor rules.
28. General and administrative expenses
General and administrative expenses incurred in 2022 and 2021 amount to US$ 5.4 million
and US$ 5.2 million, respectively. They correspond to the offices mentioned below.
General Directorate, Board of Trustees, CFO (excluding project accounting), Operations,
Human Resources, Subsidies and Contracts (institutional support), Corporate Specialized
Services, Internal and External Audits, Corporate Insurances, Health and Safety, ITU
(institutional support and OCS), Communications (CPAD), Resources Mobilization, External
Relationships, Visitors and Events, Legal, and Intellectual Property Offices, as well as
Administrative Expenses of Regional Offices, and Basic Strategic Research Activities.
29. Indirect cost rate calculation
In 2022, the indirect cost amounted to US$ 5.4 million (US$5.2 million in 2021). The
relation of indirect research costs/direct research costs amounted to 15.7% (14.05% in
2021), as it is shown below:
2022 2021
US$(000) US$(000)
General and administrative expenses (i) (Note 28) ______5_,4__9_7 ______5_,2__2_8
Research expenses and non-CGIAR collaborators expenses (ii) 35,037 37,222
__________ __________
Total (i) / (ii) 15.7% 14.05%
__________ __________
37
Notes to the financial statements (continued)
30. Subsequent events
CIP and legal entities of the CGIAR System have signed an agreement to set objectives and
core components related to an integrated partnership between them; in a way that
furthers the entities own mandates, and that is consistent with the entities’ respective
Governing Instruments and Host Country Agreements.
Additional to the above stated, no significant events are known that had ocurred between
December 31, 2022 and May 3, 2023 that may affect the reasonableness of the financial
statements issued and/or that may require disclosure in the notes.
31. Contingencies
In the opinion of Management and its legal advisors, there are no considerable legal
proceedings or lawsuits in progress, or other contingencies brought against the CIP As of
December 31, 2022 and 2021.
38
International Potato Center
Schedule of Grants Revenue – Exhibit I
For the year ended December 31, 2022 and 2021
_______G_r_a_n_t_s _ _ r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021
A. Unrestricted
W3 – Unrestricted
China-CAAS-Chinese Academy of Agricultural Sciences 1,506 - (1,506) - -
Ireland-IrishAid - - - - 289
Bayer CropScience LP 84 - - 84 -
Government of Tailand - - - - 20
United Kingdom-DFID-Department for International Development __________9_7 ___________- ___________- __________9_7 __________30_
Subtotal Window 3 – Unrestricted _______1_,6__8_7 ___________- ______(_1_,5__0_6) ________1__8_1 ________3__39_
Bilateral – Unrestricted
Government of Philippines 16 - - 16 -
The Rockefeller Foundation __________2_5 ___________- ___________- __________2_5 ________1__0_0
Sub Total Bilateral – Unrestricted __________4_1 ___________- ___________- __________4_1 ________1__0_0
39
Schedule of Grants Revenue – Exhibit I (continued)
_______G_r_a_n_t_s__r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021
B. Restricted
Windows 1
CGIAR Trust Fund - INIT-11 Excellence in Agronomy for Sustainable Intensification
and Climate Change Adaptation (EiA) 1,207 (358) (5) 844 -
CGIAR Trust Fund - INIT-13 Plant Health and Rapid Response to Protect Food
Security and Livelihoods 989 85 (19) 1,055 -
CGIAR Trust Fund - INIT-31 Transformational Agroecology across Food, Land, and
Water systems 63 (9) - 54 -
CGIAR Trust Fund - INIT-27 National Policies and Strategies for Food, Land and
Water Systems Transformation (NPS) 240 (123) - 117 -
CGIAR Trust Fund - INIT-01 Accelerated Breeding (ABI) Meeting Farmers´ Needs
with Nutritious, Climate-Resilient Crops 1,175 (47) - 1,128 -
CGIAR Trust Fund - INIT-04 Network 4 Enabling Tools, Technologies, and Shared
Services (N4ETTSS) 234 69 - 303 -
CGIAR Trust Fund - INIT-06
Delivering Genetic Gains in Farmers’ Fields (SeEdQUAL) 1,803 104 (27) 1,880 -
CGIAR Trust Fund - INIT-05 Market Intelligence and Product Profiling 856 262 - 1,118 -
CGIAR Trust Fund - INIT-20 Transforming Agrifood Systems in South Asia (TAFSSA) 176 (24) - 152 -
CGIAR Trust Fund - INIT-18 Securing the food systems of Asian Mega-Deltas for
climate and livelihood resilience (AMD) 78 (2) - 76 -
CGIAR Trust Fund - INIT-03 Conservation and Use of Genetic Resources
(Genebanks) 4,413 864 (220) 5,057 -
CGIAR Trust Fund - INIT-12 NATURE+: Nature-positive solutions for shifting
agrifood systems to more resilient and sustainable pathways 347 (18) - 329 -
CGIAR Trust Fund - INIT-16 Resilient Cities through Sustainable Urban and Peri-
urban Agrifood Systems 1,139 13 - 1,152 -
CGIAR Trust Fund - INIT-26 HER+: Harnessing Gender and Social Equality for
Resilience in Agrifood Systems 24 (23) - 1 -
40
Schedule of Grants Revenue – Exhibit I (continued)
_______G_r_a_n_t_s__r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021
CGIAR Trust Fund - INIT-24 Foresight and Metrics to Accelerate Food, Land, and
Water Systems Transformation 59 2 - 61 -
CGIAR Trust Fund - INIT-33 Fruit and Vegetables for Sustainable Healthy Diets
(FRESH) 109 11 - 120 -
CGIAR Trust Fund - INIT-02 Precision Genetic Technologies (PGT) - - - -
CGIAR Trust Fund - INIT-14 AgriLAC Resiliente:  Resilient Agrifood Innovation
Systems Driving Food Security, Inclusive Growth, and Reduced Out-Migration in
Latin America and the Caribbean (LAC) 113 35 - 148 -
CGIAR Trust Fund - INIT-22 Transforming Agrifood Systems in West and Central
Africa (TAFS-WCA). 309 (100) - 209 -
CGIAR Trust Fund - INIT-10 From Fragility to Resilience in Central and West Asia
and North Africa (F2R-CWANA) 85 (21) - 64 -
CGIAR Trust Fund - INIT-30 Sustainable Healthy Diets through Food Systems
Transformation (SHiFT) 37 (8) - 29 -
CGIAR Trust Fund - PLAT-01 Gender Platform 478 (183) - 295 -
___________ ___________ ___________ ___________ ___________
Sub Total Windows 1 ______1_3_,9__3_4 ________5__2_9 ________(2_7_1_) _____1_4_,_1_9_2_ __________-_
Windows 1 & 2
CGIAR Research Program on Roots, Tuber and Bananas - CRP 16 RTB 99 - (5) 94 21,203
CIAT - International Center for Tropical Agriculture - CRP 22 CCAFS - - - - 373
CIAT - International Center for Tropical Agriculture - Platform Big Data PTF32 1 - (1) - 115
IFPRI - International Food Policy Research Institute - CRP 23 PIM - - - - 290
IFPRI - International Food Policy Research Institute - CRP21 A4NH - - - - 327
IITA - International Institute of Tropical Agriculture - Platform Genebanks PTF 33 (46) 46 - - 55
IITA - International Institute of Tropical Agriculture – CRP 16 RTB 58 - (58) - 26
GCDT - Global Crop Diversity Trust - Platform Genebanks PTF 33 (6) 62 (56) - 2,397
Bioversity International – SPIA - CRP16 RTB 111 36 - 147 95
41
Schedule of Grants Revenue – Exhibit I (continued)
_______G_r_a_n_t_s__r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021
ILRI - International Livestock Research Institute – CRP16 RTB (30) 30 - - 71
ILRI - International Livestock Research Institute - CRP34 Gender Platform - - - - 235
Others – Various projects IFRS _______1_,9__4_2 ___________- ______(_1_,8__1_0) ________1_3_2_ ________1_0_4_
Sub Total Windows 1 & 2 _______2_,1__2_9 ________1__7_4 ______(_1_,9__3_0) ________3_7_3_ _____2_5_,_2_9_1_
Window 3
Austria-ADA-Austrian Development Agency 1 - (1) - -
BMGF-Bill & Melinda Gates Foundation 5,241 - (613) 4,628 4,601
China-CAAS-Chinese Academy of Agricultural Sciences 2,288 - (602) 1,686 2,116
United Kingdom-DFID-Department for International Development 421 - (74) 347 2,052
IFAD-International Fund for Agricultural Development 225 63 (31) 257 718
ILRI-International Livestock Research Institute - - - - 342
USAID-United States Agency for International Development 2,482 12 (1,108) 1,386 3,338
Government of India 316 - (45) 271 273
IITA - International Institute of Tropical Agriculture 121 - - 121 151
Ireland-Irish Aid 2 - (2) - -
Development and Delivery of Biofortified Crops at Scale (FCDO) 242 127 - 369 -
Others – Various projects IFRS ________6__4_8 ___________- ________(6_0_9_) __________3_9 __________5_2
Sub Total Window 3 ______1_1_,_9_8_7 ________2__0_2 ______(_3_,0__8_5) _______9_,1__0_4 ______1_3_,6__4_3
42
Schedule of Grants Revenue – Exhibit I (continued)
_______G_r_a_n_t_s _ _ r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021_
Bilateral Restricted
2BLADES Foundation 41 - (17) 24 149
Action Against Hunger (AAH) 19 - (19) - -
Agricultural Genomics Institute at Shenzhen-Chinese Academy of Agricultural
Sciences (AGIS-CAAS) 165 - (108) 57 35
AECI – Agencia Espanola de Cooperacion Internacional 351 - (34) 317 142
Agriculture and Agri-Food Canada 157 - (21) 136 99
Agriterra Rwanda - - - - 9
Anhui Academy of Agricultural Sciences - - - - 4
Anhui Feng Xu Agricultural Technology Co. LTD. (AFAT) 29 - (16) 13 -
Assam Rural Infrastructure and Agricultural Services (ARIAS SOCIETY) 479 - - 479 503
AsiaBlight Network (ABN) - - - - 2
Asociación Pataz 82 - - 82 -
BBSRC-Biotechnology and Biological Sciences Research Council 69 - - 69 121
BIHAR AGRICULTURAL UNIVERSITY (BAU) 51 - (22) 29 -
CIA MINERA PODEROSA S.A. 12 - - 12 91
CIMMYT-International Maize and Wheat Improvement Center - - - - 7
Consorcio para el Desarrollo Sostenible de la Ecorregión Andina- CONDESAN - - - - 8
Cornell University - - - - 9
DR. RAJENDRA PRASAD CENTRAL AGRICULTURAL UNIVERSITY 1 23 (24) - -
Department of foreign affairs trade and development (DFAT) 766 - (19) 747 -
EC-EuropeanCommission 1,015 436 (431) 1,020 1,481
EC-EuropeanCommission - AgenziaNazionale per le NuoveTecnologie, L'Energia e
lo SviluppoEconomico Sostenible (ENEA) (4) 4 - - 92
Federal Department of Foreign Affairs acting through The Swiss Agency for
Development and Cooperation 8 28 - 36 -
France-CIRAD-Centre de CooperationInternationale en
RechercheAgronomiquePour le Developpement 142 103 (94) 151 80
43
Schedule of Grants Revenue – Exhibit I (continued)
_______G_r_a_n_t_s _ _ r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021_
Fondation CHIBAS-Haiti 39 - - 39 -
GCDT - Global Crop Diversity Trust 370 - - 370 1,984
Germany-German Agency for Technical Cooperation and German Federal Ministry
for Economic Cooperation and Development (GTZ/BMZ) 3,126 2,335 (1,311) 4,150 4,367
Government of China 4 - - 4 -
HNC-Hebei North College 25 7 (5) 27 -
HZPC Research B.V. (HZPC) 39 - - 39 -
Hulunbuir Institute of Agricultural and Animal Husbandry (HIAAH) 13 - (3) 10 -
ICIP – The International Centre of Insect Physiology and Ecology - - - - 175
IITA-International Institute of Tropical Agriculture 56 - - 56 865
ILRI-International Livestock Research Institute 230 18 - 248 53
India-Government of Haryana 326 318 (411) 233 186
India-State Government of Odisha 401 - (162) 239 822
Industrial Crops Institute, Yunnan Academy of Agricultural Sciences 36 25 (46) 15 -
Ireland-IrishAid 2,911 2 (829) 2,084 1,892
IDRC – International Development Research Centre - - - - 208
MacCain Foods Ltd. - - - - 8
McLaughlin Gormley King Company 19 - - 19 42
Meghalaya Basin Management Agency (MBMA) 327 190 (48) 469 51
Michigan State University 132 2 (131) 3 154
Nigeria-Federal Ministry of Agriculture and Rural Development (253) 253 - - -
P R Consultants Limited 3 - - 3 -
Penn State University - 102 - 102 -
Peru-MINAGRI-Ministerio de Agricultura y Riego del Perú 105 84 (35) 154 234
QIB – QuadramInstituteBioscience 28 - - 28 141
SOCODEVI (SCDV) 36 - - 36 16
Swiss Agency for Development and Cooperation 49 - (7) 42 58
Syngenta Foundation for Sustainable Agriculture 249 - (68) 181 494
44
Schedule of Grants Revenue – Exhibit I (continued)
_______G_r_a_n_t_s _ _ r_e_v_e_n_u_e_________
Donors Funds Available Receivables from Deferred revenue 2022 2021_
Swiss Federal Institute of Technology Zurich 10 5 - 15 -
Sveriges lantbruksuniversitet 123 - (58) 65 -
TechnoServe 3 - (3) - -
TheMcKnightFoundation 84 - (36) 48 17
-
The University Court of the University of St Andrews (4) 4 - - 74
The University of Horticultural Sciences, Bagalkot 2 6 (7) 1 5
The World Food Prize Foundation 35 - - 35 20
UnitedPurpose (84) 84 - - -
University of Hohenheim 3 - - 3 -
USAID-United States Agency for International Development 3,861 781 (657) 3,985 1,150
Others – Various projects IFRS ________7__0_9 ___________- ________(6_2_5_) __________8_4 __________8_4
Sub Total Bilateral ______1_6_,3__9_6 _______4_,8__1_0 ______(_5_,2__4_7) ______1_5_,9__5_9 ______1_5_,9__3_2
Total _____4_6_,_1_7_4 ______5_,_7_1_5 _____(1_2_,_0_3_9) _____3_9_,_8_5_0 _____5_5_,_3_0_5
45
International Potato Center
Schedule of Grants Pledges and Expense Schedule – Exhibit II
For the year ended 31 December 2022
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
Windows 1
CGIAR Trust Fund
INIT-11 Excellence in Agronomy for Sustainable Intensification and Climate Change
5501-CGIA
Adaptation (EiA) Jan-22 Dec-23 1,346 - 844 844 (6)
5502-CGIA INIT-13 Plant Health and Rapid Response to Protect Food Security and Livelihoods Jan-22 Dec-23 1,214 - 1,055 1,055 (20)
5503-CGIA INIT-31 Transformational Agroecology across Food, Land, and Water systems Jan-22 Dec-24 105 - 54 54 -
5504-CGIA INIT-27 National Policies and Strategies for Food, Land and Water Systems Transformation (NPS) Jan-22 Dec-24 325 - 117 117 -
INIT-01 Accelerated Breeding (ABI) Meeting Farmers´ Needs with Nutritious, Climate-Resilient
5505-CGIA
Crops Jan-22 Dec-23 1,194 - 1,128 1,128 -
5507-CGIA INIT-06 Delivering Genetic Gains in Farmers’ Fields (SeEdQUAL) Jan-22 Dec-23 2,289 - 1,880 1,880 (27)
5508-CGIA INIT-05 Market Intelligence and Product Profiling Jan-22 Dec-24 1,267 - 1,118 1,118 -
5509-CGIA INIT-20 Transforming Agrifood Systems in South Asia (TAFSSA) Jan-22 Dec-24 203 - 152 152 -
INIT-18 Securing the food systems of Asian Mega-Deltas for climate and livelihood resilience
5510-CGIA
(AMD) Jan-22 Dec-24 87 - 76 76 -
5521-CGIA INIT-03 Conservation and Use of Genetic Resources (Genebanks) Jan-22 Dec-23 5,277 - 5,057 5,057 (220)
INIT-12 NATURE+: Nature-positive solutions for shifting agrifood systems to more resilient and
5601-CGIA
sustainable pathways Jan-22 Dec-24 422 - 329 329 -
5602-CGIA INIT-16 Resilient Cities through Sustainable Urban and Peri-urban Agrifood Systems Jan-22 Dec-23 1,407 - 1,152 1,152 -
5603-CGIA INIT-26 HER+: Harnessing Gender and Social Equality for Resilience in Agrifood Systems Jan-22 Mar-23 35 - 1 1 -
5604-CGIA INIT-24 Foresight and Metrics to Accelerate Food, Land, and Water Systems Transformation Jan-22 Dec-24 75 - 61 61 -
5605-CGIA INIT-33 Fruit and Vegetables for Sustainable Healthy Diets (FRESH) Apr-22 Dec-24 138 - 120 120 -
INIT-14 AgriLAC Resiliente: Resilient Agrifood Innovation Systems Driving Food Security,
5607-CGIA
Inclusive Growth, and Reduced Out-Migration in Latin America and the Caribbean (LAC) Jan-22 Dec-24 152 - 148 148 -
5608-CGIA INIT-22 Transforming Agrifood Systems in West and Central Africa (TAFS-WCA). Apr-22 Dec-24 321 - 209 209 -
5609-CGIA INIT-10 From Fragility to Resilience in Central and West Asia and North Africa (F2R-CWANA) Jan-22 Dec-24 115 - 64 64 -
5610-CGIA INIT-30 Sustainable Healthy Diets through Food Systems Transformation (SHiFT) Jul-22 Dec-24 30 - 29 29 -
5701-CGIA PLAT-01 Gender Platform Jan-22 Dec-23 561 - 295 295 -
5506-CGIA INIT-04 Network 4 Enabling Tools, Technologies, and Shared Services (N4ETTSS) Jan-22 Dec-24 _______3_0__5 __________- _______3_0__3 _______3_0__3 __________-
_____1_6_,_8_6_8 __________- _____1_4_,_1_9_2 _____1_4_,_1_9_2 _______(2_7_2_)
Windows 1 & 2
CGIAR Trust Fund
1313-CGIA Roots, Tuber and Bananas phase 2 (RTB 2.0) - Program Implementation Agreement (PIA) Jan-17 Apr. 22 _____9_5_,_3_3_3 _____9_5_,_2_1_0 ________6__7 _____9_5_,_2_7_7 ________(5_6_)
_____9_5_,_3_3_3 _____9_5_,_2_1_0 ________6__7 _____9_5_,_2_7_7 ________(5_6_)
46
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
Bioversity International
1439-IPGR Scaling Pathways for Accelerating Adoption of the Sweetpotato Triple S (Storage in Sand and -
Sprouting) Dec-20 Oct-22 100 49 49 98
1454-IPGR Sweetpotato Community and Household Survey in Uganda May-21 Apr-22 90 46 42 88 -
1472-IPGR Group-based ICT Extension Support Systems: Evidence from Rural Peru (Go Digital PERU) Dec-21 Nov-22 ________5__6 __________- ________5__6 ________5__6 __________-
_______2_4__6 ________9__5 _______1_4__7 _______2_4__2 __________-
Others
Various projects IFRS
__________- _______2_9__2 _______1_5__9 _______4_5__1 _____(_1_,5_4__9)
Total - W1 & W2
____1_1_2_,_4_4_7 _____9_5_,_5_9_8 _____1_4_,_5_6_5 ____1_1_0_,_1_6_3 _____(_1_,8_7__7)
Window 3
BMGF-Bill & Melinda Gates Foundation
1372-BMGF Accurate phone based plant disease diagnostics Nov-18 Apr-22 100 99 1 100 -
1405-BMGF SweetGAINS: Genetics Advances and Innovative Seed Systems for Sweet Potato Sep-19 Jan-23 _____1_5_,_0_0_0 ______9_,_7_7_3 ______4_,6_2__7 _____1_4_,_4_0_0 _______(2_1_5_)
_____1_5_,_1_0_0 ______9_,_8_7_2 ______4_,6_2__8 _____1_4_,_5_0_0 _______(2_1_5_)
China-CAAS-Chinese Academy of Agricultural Sciences
1078-CHI0 Supporting preparation work of CCCAP in China Jan-14 Dec-23 _____1_4_,_0_0_0 _____1_2_,_2_1_3 ______1_,6_8__7 _____1_3_,_9_0_0 ________(4_4_)
_____1_4_,_0_0_0 _____1_2_,_2_1_3 ______1_,6_8__7 _____1_3_,_9_0_0 ________(4_4_)
IFAD-International Fund for Agricultural Development
Strengthening Nutrition in Agri-food Systems in East and Southern Africa through Root and Tuber
1393-IFAD Crops (FoodSTART - Africa) May-19 Jun-22 1,500 1,213 257 1,470 (31)
__________ __________ __________ __________ __________
______1_,5_0__0 ______1_,_2_1_3 _______2_5__7 ______1_,4_7__0 ________(3_1_)
India-ICAR-Indian Council of Agricultural Research
1016-GOI0 Varietal improvement of potato for biotic resistance, enriching of germplasm. Apr-13 Mar-24 ______3_,4_7__5 ______3_,_2_0_4 _______2_7__1 ______3_,4_7__5 __________-
______3_,4_7__5 ______3_,_2_0_4 _______2_7__1 ______3_,4_7__5 __________-
IITA - International Institute of Tropical Agriculture
1426-IITA CGIAR Excellence in Agronomy 2030: Incubation Phase Aug-20 Aug-22 _______3_0__0 _______1_7__9 _______1_2__1 _______3_0__0 __________-
_______3_0__0 _______1_7__9 _______1_2__1 _______3_0__0 __________-
United Kingdom-DFID-Department for International
Development
1394-DFID Development and Delivery of Biofortified Crops at Scale May-19 Apr-22 7,858 7,463 347 7,810 (48)
1495-FCDO Development and Delivery of Biofortified Crops at Scale Apr-22 Mar-23 _______6_1__1 __________- _______3_6__9 _______3_6__9 __________-
______8_,4_6__9 ______7_,_4_6_3 _______7_1__6 ______8_,1_7__9 ________(4_8_)
47
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
USAID-United States Agency for International Development
1267-USAI Genetic Improvement in Potato and Swetpotato Oct-15 Dec-22 13,900 11,627 61 11,688 (60)
Improving livelihoods of farmers in the Cyclone Idai-affected areas through resilient, nutritious
1421-USAI
sweetpotato Jun-20 Oct-22 1,300 1,261 19 1,280 (19)
Genetic Improvement in Potato and Sweetpotato: Advancing Achievements in Breeding for
1481-USAI
Early, Resilient and Nutritious Potato and Sweetpotato Jan-22 Dec-23 ______1_,3_0__0 __________- ______1_,3_0__0 ______1_,3_0__0 __________-
_____1_6_,_5_0_0 _____1_2_,_8_8_8 ______1_,3_8__0 _____1_4_,_2_6_8 ________(7_9_)
Others
Various projects IFRS
__________- _______2_2__7 ________4__4 _______2_7__1 _______(1_8_2_)
Total W3
_____5_9_,_3_4_4 _____4_7_,_2_5_8 ______9_,1_0__4 _____5_6_,_3_6_2 _______(5_9_9_)
Bilateral
2BLADES Foundation
1288-BLAD Complementary support to the Potato Late Blight Resistance Project Jan-16 May-23 _______8_2__5 _______7_8__4 ________2__4 _______8_0__8 __________-
_______8_2__5 _______7_8__4 ________2__4 _______8_0__8 __________-
Anhui Feng Xu Agricultural Technology Co. LTD. (AFAT)
1460-AFAT Cooperative development of projects focused on population advancement and variety breeding Mar-21 Feb-23 ________2__9 __________- ________1__3 ________1__3 __________-
________2__9 __________- ________1__3 ________1__3 __________-
Asociación Pataz
1498-MIP0 Difusión de variedades de papa con resistencia a rancha y calidad para fritura en bastones y
horneado en Perú Jan-22 Dec-24 _______4_3__9 __________- ________8__2 ________8__2 __________-
_______4_3__9 __________- ________8__2 ________8__2 __________-
BBSRC-Biotechnology and Biological Sciences Research
Council
1345-BBSR CABANA: Capacity building for bioinformatics in Latin America Oct-17 Mar-22 _______3_9__0 _______3_2__1 ________6__9 _______3_9__0 __________-
_______3_9__0 _______3_2__1 ________6__9 _______3_9__0 __________-
BAU-Bihar Agricultjural University
1484-BAU0 Capacity Development Training Program under Climate Resilient Agriculture (CRA) Feb-22 Jul-23 ________9__2 __________- ________2__9 ________2__9 __________-
________9__2 __________- ________2__9 ________2__9 __________-
Canada-Department of Agriculture and Agri-Food
1442-AAFC Genome sequencing of wild Solanum diploids Jan-21 Apr-22 126 99 27 126 -
1487-AAFC Genome sequencing of wild Solanum diploids Jan-22 Mar-23 _______1_2__1 __________- _______1_0__9 _______1_0__9 __________-
_______2_4__7 ________9__9 _______1_3__6 _______2_3__5 __________-
Canada-DFATD-Department of Foreign Affairs, Trade and
Development
1490-DFAT Generating Revenues and Opportunities for Women to Improve Nutrition in Ghana (GROWING) Mar-22 Sep-26 ______7_,1_5__5 __________- _______7_4__7 _______7_4__7 ________(1_1_)
______7_,1_5__5 __________- _______7_4__7 _______7_4__7 ________(1_1_)
48
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
China - Ministry of Agriculture and Rural Affairs
1502-CHI0 Educational Programs Jun-22 Jun-23 ________1__5 __________- __________4 __________4 __________-
________1__5 __________- __________4 __________4 __________-
Chinese Academy of Agricultural Sciences - CAAS
1448-AGIS Creation and application of resources of diploid potato anti-late blight disease Jan-21 Dec-23 _______1_9__4 ________3__5 ________5__7 ________9__2 __________-
_______1_9__4 ________3__5 ________5__7 ________9__2 __________-
CIA MINERA PODEROSA S.A.
Selección de clones de papa con aptitud para procesamiento industrial en bastones y horneado,
1391-MIP0 resistencia a la Rancha y producción de semilla de alta calidad fitosanitaria (S/gastos) Feb-19 Feb-22 _______4_9__4 _______3_7__8 ________1__2 _______3_9__0 __________-
_______4_9__4 _______3_7__8 ________1__2 _______3_9__0 __________-
EC-EuropeanCommission
Sustained Diet Quality Improvement by Fortification with Climate-smart, Nutrition-Smart
1307-EC00 Orange-fleshed Sweetpotato in Southern Nations, Nationalities and Peoples Dec-16 Dec-21 4,550 4,436 17 4,453 -
DeSIRA- Climate-smart innovations to improve productivity, profitability, and sustainability of
1414-EC00 agriculture and food systems in Malawi through multidisciplinary research Dec-19 Dec-24 ______8_,3_6__7 ______2_,_0_5_3 ______1_,0_1__0 ______3_,0_6__3 ________(2_3_)
_____1_2_,_9_1_7 ______6_,_4_8_9 ______1_,0_2__7 ______7_,5_1__6 ________(2_3_)
Foundation Chibas - Haiti
1479-CHIB Support on the implementation of the Project PITAG Sep-21 Feb-24 _______2_5__5 __________- ________3__9 ________3__9 __________-
_______2_5__5 __________- ________3__9 ________3__9 __________-
France-CIRAD-Centre de Cooperation Internationale en
Recherche Agronomique Pour le Developpement
1353-CIRA Breeding RTB products for end user preferences (RTBfoods) Nov-17 Mar-23 662 495 141 636 (8)
1493-CIRA Food-Sec Semence Feb-22 Feb-23 ________1__1 __________- ________1__0 ________1__0 __________-
_______6_7__3 _______4_9__5 _______1_5__1 _______6_4__6 _________(8_)
GCDT - Global Crop Diversity Trust
1486-GCDT Long term grant Jan-22 Dec-23 254 - 249 249 -
1499-GCDT Transfer of sweetpotato landraces from Zambia for safety duplication at CIP Genebank May-22 Jun-23 15 - 3 3 -
Biodiversity for Opportunities, Livelihoods and Development (BOLD): CWR-Derived Potatoes
Integrated in breeding pipelines for climate change resilience of farming communities of
1503-GCDT Ecuador, Kenya and Peru Apr-22 Dec-24 960 - 105 105 -
Darwin Initiative - Sweetpotato a model for food-security and long-term conservation of
1510-GCDT biodiversity Jun-22 Mar-25 _______2_4__8 __________- ________1__4 ________1__4 __________-
______1_,4_7__6 __________- _______3_7__1 _______3_7__1 __________-
49
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
Germany-German Agency for Technical Cooperation and
German Federal Ministry for Economic Cooperation and
Development (GTZ/BMZ)
1382-GIZ0 Potato value chain development in Cameroon Dec-18 Mar-23 3,070 1,553 737 2,290 (40)
1392-GIZ0 Global programme Food and Nutrition Security, Enhanced Resilience Mar-19 Dec-21 957 771 18 789 -
Seeds of Change - Enhancing Potato Innovation Systems for Scaling Climate-Smart Technologies
1397-GIZ0
for Smallholders in Ethiopia May-19 May-22 1,266 912 394 1,306 -
KULIMA Promoting Farming in Malawi: Improving the access to and use of agriculture research
1420-GIZ0
innovations by Malawian farmers Jan-20 Mar-22 3,110 1,868 857 2,725 -
1428-GIZ0 Rapid Seed Potato Multiplication to Strengthen Potato Value Chain in Karnataka Aug-20 Jul-22 630 206 183 389 -
Global Innovation Centres in the agriculture and food sector: Nigeria Potato Seed Security
1430-GIZ0
Partnership (NPSSP): Building back resilience post COVID-19 Oct-20 Mar-23 791 239 186 425 -
Global Innovation Centres in the agriculture and food sector: Technical backstopping with the
1435-GIZ0
potato working group in seven SEWOH partner countries Dec-20 Oct-22 700 156 544 700 -
1458-GIZ0 Global programme Food and Nutrition Security, Enhaced Resilience Jul-21 Oct-22 596 62 457 519 -
1473-GIZ0 Technical support to EAC-NPPOs capacity development Dec-21 May-22 263 - 243 243 -
Potato production through zero-tillage with straw mulch: an innovative technology for
1475-GIZ0 sustainable intensification and diversification of rice-based systems to improve livelihoods of
small-scale farmers in Asia Oct-21 Dec-24 1,798 5 451 456 -
1476-GIZ0 Agricultural Policy Advisory Fund Dec-21 Mar-23 _______1_5__8 __________- ________8__0 ________8__0 __________-
_____1_3_,_3_4_2 ______5_,_7_7_2 ______4_,1_5__0 ______9_,9_2__2 ________(4_0_)
HNC-Hebei North College
1457-HNC0 Administrative Measures for External Professors of Hebei North University Jun-21 Dec-22 50 - 18 18 -
Potato Sweet Potato Modern Seed Industry Resource Creation and New Variety Selection and
1509-HNC0
Breeding Jun-21 Dec-25 ________3__7 __________- __________9 __________9 __________-
________8__7 __________- ________2__7 ________2__7 __________-
Hulunbuir Institute of Agricultural and Animal Husbandry
(HIAAH)
1477-HIAA
Support the research work of HIAAH
Aug-21 Jul-24 ________1__3 __________- ________1__0 ________1__0 __________-
________1__3 __________- ________1__0 ________1__0 __________-
HZPC Research B.V.
1478-HZPC Hybrid TPS - Assessment of HZPC hybrid potato seeds in Kenya Oct-21 Oct-24 _______1_1__2 __________- ________3__9 ________3__9 __________-
_______1_1__2 __________- ________3__9 ________3__9 __________-
IITA-International Institute of Tropical Agriculture
1363-IITA Technologies for African Agricultural Transformation (TAAT) Feb-18 Jun-22 ______1_,8_8__1 ______1_,_7_2_0 ________5__6 ______1_,7_7__6 __________-
______1_,8_8__1 ______1_,_7_2_0 ________5__6 ______1_,7_7__6 __________-
ILRI-International Livestock Research Institute
1466-ILRI Accelerated Institutional and Food Systems Oct-21 Dec-23 _______9_0__0 ________5__3 _______2_4__8 _______3_0__1 __________-
_______9_0__0 ________5__3 _______2_4__8 _______3_0__1 __________-
50
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
India-Assam Rural Infrastructure & Agricultural Services
Society
1354-ARIA Technical Assistance for Improving Farmers´ livelihoods through sustainable instensification &
diversification of agri-food systems with Climate-smart potato technologies" under Assam
Agribusiness & Rural Transformation Project (APART) Apr-18 Apr-23 ______3_,3_4__8 ______2_,_2_0_6 _______4_7__9 ______2_,6_8__5 __________-
______3_,3_4__8 ______2_,_2_0_6 _______4_7__9 ______2_,6_8__5 __________-
India-Government of Haryana
1367-DGH0 Quality seed potato production using aeroponics and select and supply short duration potato
varieties Apr-18 Mar-22 851 810 35 845 (6)
1491-DGH0 Making Haryana a potato seed hub through the Seed Village - phase II Apr-22 Mar-24 _______9_4__8 __________- _______1_9__8 _______1_9__8 __________-
______1_,7_9__9 _______8_1__0 _______2_3__3 ______1_,0_4__3 _________(6_)
India-State Government of Odisha
1407-GOO0 Sustainable Intensification of Potato for Achieving Self-Sufficiency in Odisha Sep-19 Mar-22 ______1_,2_6__8 ______1_,_2_2_7 ________4__1 ______1_,2_6__8 __________-
______1_,2_6__8 ______1_,_2_2_7 ________4__1 ______1_,2_6__8 __________-
India-State Government of Odisha-Directorate of Agriculture
and Food Production
1377-GOO0 Generating advances in Income and Nutrition through sweetpotato (GAINS) Apr-18 Jun-23 ______1_,1_2__1 _______8_0__1 _______1_9__8 _______9_9__9 __________-
______1_,1_2__1 _______8_0__1 _______1_9__8 _______9_9__9 __________-
Industrial Crops Institute, Yunnan Academy of Agricultural
Sciences
1485-YAAS The Interplay between biodiversity, climate change and health Jul-21 Jun-24 ________5__5 __________- ________1__5 ________1__5 __________-
________5__5 __________- ________1__5 ________1__5 __________-
Ireland-IrishAid
Root and Tuber Crops for Agricultural Transformation in Malawi (RTC– Action Malawi)
1433-IAI0
programme, 2016 to 2021 Oct-20 Feb-22 2,014 1,873 137 2,010 (4)
1438-IAI0 Building resilience to reduce humanitarian need with sweet potato in Mozambique Oct-20 Dec-21 367 356 11 367 -
1469-IAI0 Root and tuber crops for Agricultural Transformation in Malawi (RTC-ACTION Malawi) Oct-21 Mar-22 601 12 589 601 -
Improving Livelihoods and Nutrition Through Sweetpotato Production and Marketing in Niassa
1471-IAI0
and Inhambane Provinces, Mozambique Dec-21 Mar-23 562 - 562 -
Bridging phase of the Root and Tuber Crops for Agricultural Transformation in Malawi (RTC–
1496-IAI0
Action Malawi) programme Apr-22 Mar-23 1,140 - 582 -
Strengthen food, nutrition, and incomes security through sweetpotato and potato agri-food
1506-IAI0
systems in Niassa and Inhambane Provinces of Mozambique Sep-22 Jun-23 _______5_3__7 __________- _______2_0__3 __________ __________-
______5_,2_2__0 ______2_,_2_4_1 ______2_,0_8__4 ______2_,9_7__8 _________(4_)
McKnight Foundation
1322-MFO0 Understanding Potato Seed Degeneration in Ecuador Grant No. 16-275 Apr-17 Dec-22 180 - 1 1 -
1450-MFO0 Improving agrobiodiversity and seed systems research for development in the Andes Jul-21 Jun-23 _______1_0__0 ________1__7 ________4__7 ________6__4 __________-
_______2_8__0 ________1__7 ________4__8 ________6__5 __________-
51
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
McLaughlin Gormley King Company
Adaptability of Sabadilla or Sebadilla (Schoecnocaulon officinale) in two Peruvian
1360-MCGO agroecosystems Mar-18 Dec-24 _______2_4__0 _______1_1__3 ________1__9 _______1_3__2 __________-
_______2_4__0 _______1_1__3 ________1__9 _______1_3__2 __________-
Meghalaya Basin Management Agency (MBMA)
Seed Secure Meghalaya: Establishment of low-cost formal and informal potato seed production
1443-MBMA system to enhance food security and income generation Sep-021 Mar-23 _______6_3__3 ________5__1 _______4_6__9 _______5_2__0 __________-
_______6_3__3 ________5__1 _______4_6__9 _______5_2__0 __________-
MSU-Michigan State University
Examining and Strengthening the Resilience of Agrobiodiversity and Healthy Diets Among
1434-MSU0 Smallholders in the Peruvian Andes Jun-20 Mar-23 ________2__6 ________1__0 __________3 ________1__3 __________-
________2__6 ________1__0 __________3 ________1__3 __________-
Palladium International, LLC.
1508-PALL Nexa Peru - Phase 3 - Proposal development Sep-22 Dec-23 ________1__5 __________- __________1 __________1 __________-
________1__5 __________- __________1 __________1 __________-
PENNSTATE-Pennsylvania State University
1488-PSU0 Current and Emerging Threats to Crops Innovation Lab (CETC IL) Sep-21 Mar-23 _______1_6__5 __________- _______1_0__2 _______1_0__2 __________-
_______1_6__5 __________- _______1_0__2 _______1_0__2 __________-
Peru-MINAGRI-Ministerio de Agricultura y Riego del Perú
Formulación de Estrategia para Fortalecimiento del Sistema de Innovación del Sector Agrario
1449-MAP0
del Perú y Mejora de su Gestión Institucional Apr-21 Oct-22 200 72 90 162 -
Uso de la agricultura de precisión: Determinación de la biomasa aérea y rendimientos de
1500-MAP0 cultivos de maíz y trigo usando machine learning aplicado a imágenes de vehículos aéreos no
tripulados Jun-22 Dec-23 150 - 40 40 (5)
Asistencia Técnica para el Diseño y Transferencia de una Estrategia para la Distribución de
1501-MAP0
Fertilizantes por el MIDAGRI Jul-22 Dec-22 ________3__8 __________- ________2__4 ________2__4 __________-
_______3_8__8 ________7__2 _______1_5__4 _______2_2__6 _________(5_)
P R Consultants Limited
1465-PRC0 Desk - Based Survey of Potato Pathogens in China Oct-21 May-22 __________4 __________- __________3 __________3 __________-
__________4 __________- __________3 __________3 __________-
QIB – Quadram Institute Bioscience
1396-QIB0 Food & nutrition research for health in the developing world: bioavailability & nutrient content Apr-19 Mar-22 _______2_8__9 _______2_6__1 ________2__8 _______2_8__9 __________-
_______2_8__9 _______2_6__1 ________2__8 _______2_8__9 __________-
52
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
SOCODEVI (SCDV)
1468-SCDV Project d’appui à l’autonomisation économique des femmes rurales du Mozambique (PAEF) Oct-21 Feb-23 ________5__2 ________1__6 ________3__6 ________5__2 __________-
________5__2 ________1__6 ________3__6 ________5__2 __________-
Spain-AECID-Agencia Española de Cooperación Internacional
Agroecología e innovación en las cadenas de valor de papa y camote en la Frontera Norte de
1411-AECI Ecuador Jul-20 Dec-22 _______5_1__1 _______1_9__4 _______3_1__7 _______5_1__1 __________-
_______5_1__1 _______1_9__4 _______3_1__7 _______5_1__1 __________-
Sveriges lantbruksuniversitet
Study of the Incentives, social learning, and the decision to grow improved sweetpotato
1480-SLU0 varieties: Experimental evidence from Uganda Dec-21 Sep-23 _______1_2__3 __________- ________6__5 ________6__5 __________-
_______1_2__3 __________- ________6__5 ________6__5 __________-
Swiss Federal Institute of Technology Zurich
1497-ETH0 Effect of altitude on iron absorption from biofortified potatoes in Peru Jun-22 Dec-23 ________2__0 __________- ________1__5 ________1__5 __________-
________2__0 __________- ________1__5 ________1__5 __________-
Switzerland-Federal Department of Foreign Affairs acting
through The Swiss Agency for Development and
Cooperation
1504-FDFA RUNRES Evaluation Aug-22 Nov-22 ________3__8 __________- ________3__6 ________3__6 __________-
________3__8 __________- ________3__6 ________3__6 __________-
Switzerland-SDC-Swiss Agency for Development and
Cooperation
1418-SDC0 Integrated Seed Sector Development (ISSD) in Africa Programme - Main Phase Sep-19 Nov-22 _______1_4__2 ________7__6 ________4__2 _______1_1__8 __________-
_______1_4__2 ________7__6 ________4__2 _______1_1__8 __________-
Syngenta Foundation for Sustainable Agriculture
1453-SFSA Collaborative Breeding of Five Tropically Adapted Potato Varieties Apr-21 Jun-24 _______6_7__5 _______1_3__6 _______1_8__1 _______3_1__7 __________-
_______6_7__5 _______1_3__6 _______1_8__1 _______3_1__7 __________-
University of Hohenheim
Model-supported identification of phenotypic traits and development of a field-based screening
1489-UHO0 tool for salinity tolerant sweet potato clones May-21 Mar-23 __________3 __________- __________3 __________3 __________-
__________3 __________- __________3 __________3 __________-
53
Schedule of Grants Pledges and Expense Schedule – Exhibit II (continued)
Total Grant Expenditure Expenditure Total Deferred
Donor and Program/Project Start Date End Date Pledge Prior Years Currentyear Expenditure Depreciation
USAID-United States Agency for International Development
1410-USAI The USAID Potato Program in Georgia Dec-19 Dec-22 1,890 992 712 1,704 (182)
Emergency Response, Recovery, and Resilience with Nutritious Potato and Sweetpotato for
1446-USAI farmers affected by drought, locusts, and Covid-19 in Amhara, Oromia, and SNNP Regions,
Ethiopia Apr-21 Mar-23 2,100 656 1,136 1,792 -
1464-USAI Feed the Future Global Biotech Potato Partnership (GBPP) Sep-21 Mar-26 1,758 153 759 912 -
Enhancing Agricultural Recovery and Combatting Malnutrition in Drought-Affected Southern
1470-USAI
Madagascar Utilizing Nutritious, Climate-Resilient Vitamin A Sweetpotato(Sweet Recovery). Oct-21 Jun-23 2,500 9 1,287 1,296 (103)
Tools4SeedSystems: working towards resilience through root, tuber and banana crops in
1505-USAI
humanitarian settings Aug-22 Aug-23 _______6_9__0 __________- ________9__0 ________9__0 __________-
______8_,9_3__8 ______1_,_8_1_0 ______3_,9_8__4 ______5_,7_9__4 _______(2_8_5_)
World Food Prize
Strengthening the capacity of National Agricultural Research Systems in Central America to
1436-WFPF enhance the resilience and food security and nutrition of vulnerable populations Nov-20 Dec-22 ________8__2 ________4__7 ________3__5 ________8__2 __________-
________8__2 ________4__7 ________3__5 ________8__2 __________-
XiChang University
Development of new potato varieties, promote the potato industry and help farmers in and
1456-XCU0 around XiChang City Jun-21 Sep-23 ________5__6 __________- __________- __________- __________-
________5__6 __________- __________- __________- __________-
Others
Variousprojects IFRS __________- _______8_8__9 ________7__8 _______9_6__7 _______(6_3_3_)
Total Bilateral _____6_7_,_0_2_8 _____2_7_,_1_2_3 _____1_5_,_9_5_9 _____4_1_,_7_3_5 _____(_1_,0_1__5)
Grand Total ____2_3_8_,_8_1_9 ____1_6_9_,_9_7_9 _____3_9_,_6_2_8 ____2_0_8_,_2_6_0 _____(_3_,4_9__1)
54
International Potato Center
Schedule of Property, Plant and Equipment – Exhibit III
For the year ended 31 December 2021 and 2020
_____________________________U_n_r_e_s_t_ri_c_t_e_d_ _(C_I_P_’_s_ A_s_s_e_t_s_)____________________________ ________________________________________R__e_s_tr_i_c_te__d_ p_r_o_j_e_c_t_s________________________________________
Physical Infrastructure Furnishing and Work in Physical Infrastructure Furnishing and Work in
facilities and leasehold equipment progress Total facilities and leasehold equipment progress Total Grand Total
US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000) US$(000)
Cost
Balance as of January 1, 2021(e) 1,570 2,686 5,157 - 9,413 225 1,401 4,739 542 6,907 16,320
Additions (c) 132 - - 44 176 594 7 192 19 812 988
Transfer - (5) 5 - - - - 542 (542) - -
Others - - (5) - (5) - - 5 - 5 -
Disposal (15) - (163) - (178) (47) (159) (189) - (395) (573)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2021 1,687 2,681 4,994 44 9,406 772 1,249 5,289 19 7,329 16,735
Additions (c) 122 132 87 157 498 80 - 376 47 503 1,001
Reclassification - - - (38) (38) - - - 38 38 -
Transfer - - - - - - - 57 (57) - -
Disposal - - (69) - (69) - - (107) - (107) (176)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2022 1,809 2,813 5,012 163 9,797 852 1,249 5,615 47 7,763 17,560
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Accumulated Depreciation
Balance as of January 1, 2021 1,047 440 2,435 - 3,922 125 276 2,939 - 3,340 7,262
Additions (b) 124 56 404 - 584 13 23 353 - 389 973
Disposals (15) - (153) - (168) (47) (159) (189) - (395) (563)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2021 1,156 496 2,686 - 4,338 91 140 3,103 - 3,334 7,672
Additions (b) 128 56 381 - 565 64 27 502 - 593 1,158
Disposals - - (53) - (53) - - (101) - (101) (154)
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2022 1,284 552 3,014 - 4,850 155 167 3,504 - 3,826 8,676
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Net book value
Balance as of December 31, 2021 531 2,185 2,308 44 5,068 681 1,109 2,186 19 3,995 9,063
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
Balance as of December 31, 2022 525 2,261 1,998 163 4,947 697 1,082 2,111 47 3,937 8,884
________ ________ ________ ________ ________ ________ ________ ________ ________ ________ ________
55
International Potato Center
Indirect Cost Computation – Exhibit IV
For the years ended 31 December 2022 and 2021
2022 2021
Direct Costs:
Research Costs 30,471 31,896
Collaborator Others 3,406 3,345
CGIAR Collaborators (Not PPA) 915 1,760
Unbillable Research Expenses 245 221
____________ ____________
Sub Total Direct Research Costs 35,037 37,222
____________ ____________
CSP 426 453
CRP Collaborator Costs - CGIAR Centers (1) ____________- _______1_3_,_0_5_1
Total Research Costs 35,463 50,726
___________ ___________
Indirect Costs:
Management 5,411 5,036
Unallocable Indirect Costs __________8_6_ __________1_9_2
Total Indirect Costs ( note 29) _______5_,_4_9_7 _______5_,_2_2_8
Total Operating Expenses 40,534 42,450
___________ ___________
Cost Ratios (1)
Direct Research Costs / Total Operating Expenses 86% 88%
Total Indirect Costs / Total Operating Expenses 14% 12%
Total Indirect Costs / Total Direct Research Costs 15.7% 14.05%
(1) The cost category “CRP Collaborator Costs - CGIAR Centers” - RTB PPA is excluded from this calculation.
56
Audited Financial Statements and Complementary Information 
For the year ended December 31, 2022 
© International Potato Center 2023 
ISBN: 978-92-9060-657-4
DOI: 10.4160/9789290606574
CIP publications contribute important development information to the public arena. Readers are encouraged to 
quote or reproduce material from them in their own publications. As copyright holder CIP requests acknowledge-
ment and a copy of the publication where the citation or material appears. Please send a copy to the Communica-
tions Department at the address below.
 
International Potato Center 
P.O. Box 1558, Lima 12, Peru 
cip@cgiar.org • www.cipotato.org
Citation:
International Potato Center. (2023). Audited Financial Statements and Complementary Information 
For the year ended December 31, 2022. CIP. ISBN 978-92-9060-657-4. 
Design and Layout:  
Communications Department 
April 2023
CIP thanks all donors and organizations that globally support its work through their contributions to the CGIAR Trust Fund:  www.cgiar.org/funders
© April 2023. This publication is copyrighted by the International Potato Center (CIP). It is licensed for use under the Creative Commons Attribution 4.0 International License
The International Potato Center (CIP) was founded in 1971 as a research-for-development organization with a focus on 
potato, sweetpotato and Andean roots and tubers. It delivers innovative science-based solutions to enhance access to 
affordable nutritious food, foster inclusive sustainable business and employment growth, and drive the climate resilience of 
root and tuber agri-food systems. Headquartered in Lima, Peru, CIP has a research presence in more than 20 countries in 
Africa, Asia and Latin America.
www.cipotato.org
CIP is a CGIAR research center, a global research partnership for a food-secure future. CGIAR science is dedicated to 
transforming food, land and water systems in a climate crisis. Its research is carried out by 13 CGIAR Centers/Alliances in 
close collaboration with hundreds of partners, including national and regional research institutes, civil society 
organizations, academia, development organizations and the private sector. 
www.cgiar.org
For more information, please contact CIP Headquarter. Av. La Molina 1895, La Molina. Apartado 1558,  Lima 12, Peru.
       5-11-3496017            cip-cpad@cgiar.org           www.cipotato.org @cipotato @Cipotato @cip_cipotato
CIP thanks all donors and organizations that globally support its work through their contributions to the CGIAR Trust Fund:  www.cgiar.org/funders
© April 2023. This publication is copyrighted by the International Potato Center (CIP). It is licensed for use under the Creative Commons Attribution 4.0 International License
Financial Statements
For the year ended December 31, 2022