Finances
Total revenue in 2020 amounted to USD 51.4 million, against total expenditure of USD 53 million, resulting in a deficit of USD 1.6. On December 2020, CIP reserves were USD 13.6 million (equal to 90 days of expenditure-within CGIAR norms), compared to USD 15.2 million on 31 December 2019. The indirect cost ratio of the Center was 16.3% for 2020. 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 and Risk Committee ensures oversight of CIP’s risk management policies and plans. In a much broader sense, the Board oversees Center operations in the interest of funders and stakeholders.
CIP’s complete, audited financial statements can be obtained online.
Financial Report 2019
As a CGIAR research center, much of CIP’s research is conducted through CGIAR Research Programs. Funding for those programs, and for bilateral projects, comes from public and private organizations, governments and foundations across the globe. The Center also receives generous in-kind support from national partners and international collaborators.
CIP gratefully acknowledges the countries, organizations, partners and individuals that supported its agricultural research for development in 2019. CIP also thanks all the funders that globally support its work through their contributions to the CGIAR system. Without their intellectual and financial support, CIP could not have made the contributions to better lives reported here.
Total revenue and expenses reported by CIP in 2019 were USD 63.5 and USD 65 million respectively, reflecting a deficit of USD 1.5 million. On 31 December 2019, CIP’s reserves were USD 15.2 million, representing 82 days of expenditure – within CGIAR norms – compared to USD 16.7 million (92 days) on 31 December 2018.
CIP’s full financial report for 2019 is available online.
Financial Report 2018
Total revenue and expenses reported by the International Potato Center (in 2018) were USD 65 million and USD 64.1 million respectively, reflecting a surplus of USD 0.9 million for the year. Revenue increased by USD 1.4 million when compared with 2017, reflecting CIP’s ongoing success in securing bilateral funding, while stabilizing revenue sources from the CGIAR Trust Fund contributors.
On 31 December 2018, CIP’s reserves were USD 16.7 million, representing 92 days of expenditure compared to USD 15.8 million (79 days) 12 months earlier, both well within the CGIAR norms and indicators of CIP’s capacity to cover its planned operations. CIP’s overall financial position continues to be sound and the Center did not need to use any credit facility during the year.
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 and Risk Committee ensures oversight of CIP’s risk management policies and plans. In a much broader sense, the Board oversees Center operations in the interest of funders and stakeholders.
The financial results presented here are derived from CIP’s audited December 31, 2018 consolidated financial statements, which contain an unqualified audit opinion. CIP’s complete, audited financial statements can be obtained online https://hdl.handle.net/10568/101475