click here - Stichting Weeshuis Sri Lanka

Medical postInsurancesInflationIn 2007the medical post started operating, all operational costs have been included in thegeneral operational costs by the bookkeeping in Sri Lanka. Mid 2008 the administrationin Sri Lanka will be automated. On request of the Sri Lanka Orphanage Foundation themedical post will be a separate cost centre and operate with a separate budget.Buildings in Sri Lanka.In 2007 the inflation in Sri Lanka increased by 18.8%. General costs for food andenergy increased by 30 – 40%. The Foundation manages her funds in theNetherlands in Euro accounts. Monthly an amount is transferred to the Trust in SriLanka for Construction purposes and operating the home. The exchange rate of theSri Lanka Rupee has devaluated during 2007 by approx.19.6 % to the Euro.The actual costs of the Foundation are made in Sri Lanka Rupees, due to the strongposition of the euro the operational costs have hardly risen in comparison with 2006.The increase in general costs of living will remain a point of attention in order tobudget the operational costs of the home properly.History exchange rates Evolution of the Euro to the Sri Lanka Rupee in 2007Covered period (250 data points)25 May 2007 – 25 May 2008Max. 172.5904 LKR (22 April 2008)Min. 147.4076 LKR (13 June 2007)Average 159.4056 LKRFinancial prognosisThe cash flow overview shows the financial prognosis and the position of theFoundation. The Foundation is financially sound, also due to the strong basiscreated in the first year in 2005. During the upcoming years the own capital willremain intact. The public standard concerning the guideline financial reservesdeviate. On request of the child protection authority in Sri Lanka the foundation hasa financial reserve to guarantee the financial obligation to fund the operational costsof the Somawathi Home for a period of at least 10 years.70