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Financial Report 2022

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ICRISAT

Financial Statements

For the year ended December 31, 2022

Contents

Statement of the Board Chair

1

Management Representation

3

Board Statement on Risk Management

4

Independent Auditors’ Report

5

Financial Statements

8

Statement of Financial Position

8

Statement of Activities & Other Comprehensive Income

9

Statement of Changes in Net Assets

10

Statement of Cash Flows

11

Notes to the Financial Statements

12

Schedules

Schedule A – Property, Plant and Equipment

43

Schedule B – Calculation of Indirect Cost Rate

44

Schedule C – Abbreviations

45

Appendices

Appendix 1 – Schedule of Accounts Receivable - Donors

50

Appendix 2 – Schedule of Funds Received in Advance - Donors

51

Appendix 3 – Region wise expenditure

52

Appendix 4 – Center Staff Details

53

ICRISAT Financial Statements 2022 |

Statement of the Board Chair

ICRISAT Financial Statements 2022 |

ICRISAT Financial Statements 2022 |

Management Representation

ICRISAT Financial Statements 2022 |

Board Statement on Risk Management

ICRISAT Financial Statements 2022 |

Independent Auditors’ Report

ICRISAT Financial Statements 2022 |

ICRISAT Financial Statements 2022 |

ICRISAT Financial Statements 2022 |

Notes

31-Dec-22

31-Dec-21

Assets

Current Assets

Cash and cash equivalents

6,195

16,537

Investments

4A

1,233

5,674

Receivables

-Donors

7,334

8,221

-Employees

522

439

-CGIAR Centers

292

430

-Others

13,974

13,189

Prepaid expenses

157

110

Inventories

10

673

727

Total Current Assets

30,380

45,327

Other Assets Held for Disposal

11

290

138

Non Current Assets

Property, plant and equipment

12

7,134

6,640

Investments

4B

4,259

4,966

Other Non-current assets

13

2,319

881

Total Non Current Assets

13,712

12,487

Total Assets

44,382

57,952

Liabilities

Current Liabilities

Payables

-Deferred income from Donors

14

5,022

8,040

-Employees

293

430

-CGIAR Centers

15

820

1,501

-Others

16

5,158

7,351

-Provision

17A

1,000

1,000

- Accruals

17B

265

347

Total Current Liabilities

12,558

18,669

Non Current Liabilities

Employee Provisions

18

-

592

Total Non Current Liabilities

-

592

Total Liabilities

12,558

19,261

Net Assets

Unrestricted Net Assets

-Undesignated

19

483

9,334

-Designated

21,113

21,113

Total Unrestricted Net Assets

21,596

30,447

Temporary Net Assets - Other Comprehensive Income

4,082

2,098

Restricted Net Assets

6,146

6,146

Total Net Assets

31,824

38,691

Total Liabilities and Net Assets

44,382

57,952

International Crops Research Institute for the Semi-Arid Tropics

Statement of Financial Position as at December 31, 2022

(All amounts in thousands of United States Dollars)

See accompanying notes to the financial statements

Jacqueline d'Arros Hughes

Director General

Angshu Sengupta

Deputy Director General- Corporate Services

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