Annual Report 2009 - Asian Productivity Organization

ASIAN PRODUCTIVITY ORGANIZATION
BALANCE SHEETS
31 DECEMBER 2009 AND 2008
(US dollars)
2009 2008
ASSETS
Cash and cash equivalents (Note 3)
Receivables (Note 4):
$8,944,226 $9,380,631
Member countries 1,124,211 1,955,595
Others 28,600 179,433
Allowance for long-outstanding debts -555,955 -694,204
Prepaid expenses 809,574 794,998
Deposits and other advance payments 8,668 99,963
Fund for severance payments (Note 7) 3,228,608 3,234,827
Total assets $13,587,932 $14,951,243
LIABILITIES AND SURPLUS
Accounts payable $1,169,611 $1,809,962
Withholding tax and social insurance 125,939 161,749
Other current liabilities 56,965 13,750
Accrued annual leave 603,146 605,154
Liability for severance payments (Note 8) 3,096,081 2,714,946
Total liabilities 5,051,742 5,305,561
Surplus:
Appropriated for
Working capital fund 6,000,000 6,000,000
Continuing projects 1,662,579 1,664,118
Unappropriated surplus 873,611 1,981,564
Total surplus 8,536,190 9,645,682
Total liabilities and surplus $13,587,932 $14,951,243
FINANCIAL REPORT
APO ANNUAL REPORT 2009 105