Financial Overview — 2016 Financial Highlights

Financial highlights — 2016


The budget appropriations for 2014-2015-2016 and the financing of the appropriations, as approved by the Assembly, are shown in Table 1:



As shown in Table 2, the final appropriation for 2016 was adjusted to CAD 96 433 000, as a result of:


​i)the carry-over of 2015 appropriations to 2016 for a total of CAD 18 838 000 in accordance with Financial Regulation 5.6 and Financial Regulation 5.7;
​ii)​the decrease of appropriation of CAD 119 000 being the amount not reimbursed to the Regular Programme by the Administrative and Operational Services Cost Fund (AOSCF) as approved by C-DEC 200/2 and the amount transferred to IPAV as approved by C DEC 209/7;
​iii)the transfer between Strategic Objectives or Supporting Implementation Strategies in accordance with Financial Regulation 5.9; and
​iv)​the following adjustments for a total amount of CAD 21 335 000 to decrease 2016 appropriations and to increase 2017 appropriations:
a)the Outstanding Commitments in the amount of CAD 12 247 000  in accordance with Financial Regulation 5.7; and
b)​the carry-over of 2016 appropriations to 2017 in the amount of CAD 9 088 000 as per Financial Regulation 5.6.


The actual expenditure for 2016 amounted to CAD 106 891 000. Since 2010, Member States are invoiced partly in USD and partly in CAD. The USD/CAD exchange rate on 1 January 2016 (the date when invoices were raised in USD) was higher than the rate used in developing the 2016 budget, causing an addition to total assessed contributions of CAD 13 201 000. In addition, there was a revaluation of balance sheet items due to a net currency exchange loss of CAD 2 743 000. The net gain (CAD 10 458 000) has been allocated to actual expenditures (CAD 106 891 000) in order to restate them to the budget rate of exchange, which amounts to CAD 96 433 000.




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