Audited Facts and Figures - 2006 data

Download the report: MSF International Movement Financial Report 2006 (PDF)

Médecins Sans Frontières (MSF) is an international, medical-humanitarian organisation that is also private and not-for-profit.

It comprises 19 national branches in Australia, Austria, Belgium, Canada, Denmark, France, Germany, Greece, Holland, Hong Kong, Italy, Japan, Luxembourg, Norway, Spain, Sweden, Switzerland, the United Kingdom, the United States, and an international office in Geneva.

The search for efficiency has led MSF to create specialised organisations - called satellites - in charge of specific activities such as humanitarian relief supplies, epidemiological and medical research studies, and research on humanitarian and social action. They include: Epicentre, Etat d'Urgence Production, Fondation MSF, MSF Assistance, MSF Enterprises Limited, Médecins Sans Frontières - Etablissement d'Utilité Publique, MSF Foundation Kikin, MSF-Logistique, SCI MSF, SCI Sabin and MSF Supply. As these organisations are controlled by MSF, they are included in the scope of the financial statements presented here.

The figures presented here describe MSF's finances on a combined international level. These 2006 combined international figures have been set up in accordance with MSF international accounting standards, which comply with most International Financial Reporting Standards (IFRS). The figures have been jointly audited by the accounting firms KPMG and Ernst & Young in accordance with international auditing standards. A copy of the full 2006 financial report may be obtained from the International Office upon request. In addition, each branch office of MSF publishes annual, audited financial statements according to its national accounting policies, legislation and auditing rules. Copies of these reports may be requested from the national offices.

The figures presented here are for the 2006 calendar year. The Activity Report itself covers the period mid-2006 to mid-2007. All amounts are in millions of euros. NB: Figures in these tables are rounded off and this may result in slight addition differences.

Sources of income

As part of MSF's effort to guarantee its independence and strengthen the organisation's link with society, we strive to maintain a high level of private income. In 2006, 89.1% of MSF's income came from private sources. More than 3.3 million individual donors and private funders worldwide made this possible. Public institutional agencies providing funding to MSF include among others, ECHO, the governments of Belgium, Canada, Denmark, Ireland, Luxembourg, The Netherlands, Norway, Spain, Sweden, Switzerland and the UK.

Expenditure

Expenditures are allocated according to the main activities performed by MSF. Operations includes programmerelated expenses as well as the headquarters' support costs devoted to operations. All expenditure categories include salaries, direct costs and allocated overheads.

Permanently restricted funds may be capital funds, where the assets are required by the donors to be invested, or retained for actual use, rather than expended, or they may be the minimum compulsory level of retained earnings to be maintained by some of the sections.

Unrestricted funds are unspent non-designated donor funds expendable at the discretion of MSF's trustees in furtherance of our social mission. other retained earnings represent foundations' capital as well as technical accounts related to the combination process, including the conversion difference. MSF's retained earnings have been built up over the years by surpluses of income over expenses.

As of the end of 2006, their available part (the unrestricted funds decreased by the conversion difference) represented 8.2 months of activity. The purpose of maintaining retained earnings is to meet the following needs: future major emergencies for which sufficient funding cannot be obtained, and/or a sudden drop of private and/or public institutional funding, and the sustainability of long-term programmes (e.g. ARV treatment programmes), as well as the pre-financing of operations to be funded by upcoming public funding campaigns and/or by public institutional funding.

Unspent temporarily restricted funds are unspent donor-designated funds, which will be spent by MSF strictly in accordance with the donors' desire (e.g. specific countries or types of interventions) as needs arise.

Additional disclosures: tsunami disaster

The Asian tsunami at the end of 2004 lead to an enormous response from the general public worldwide. A total of e 111 million was received in 2004 and 2005. e 24.5 million was spent on the tsunami crisis in 2004-5. During 2006 the remaining restricted tsunami funds (e 2.3 million) were spent. The increase in our other programmes activities during 2005 (e 50m) and 2006 (e 45m) absorbed the remaining funds that were collected and subsequently 'derestricted' with the consent of the donors.