Limmat Foundation, 8044 Zurich Project Center

Limmat Foundation, 8044 Zurich Project Center
Balance Sheet
ASSETS
Note 31.12.2011 31.12.2010
CHF CHF
Liquid assets and long-term deposits 1 3'731'681.99
Securities 1 2'367'487.00
Intern Portfolios 1 7'706'510.16
Receivables 2 84'699.30
Receivables from sub-foundations 3 108'135.05
Prepaid expenses and deferred receivables 1 16'223.67
Current assets 14'014'737.17
Real estate 4 2'715'000.00
Loans 0.00
Non-current assets 2'715'000.00
Total Assets 16'729'737.17
LIABILITIES
Payables 17'352.80
Short-term borrowed capital 17'352.80
Mortgages 4 500'000.00
Provisions 5 900'000.00
Long-term borrowed capital 1'400'000.00
Original Endowment 100'000.00
Capital earnings 15'720'239.33
Annual result -507'854.96
Foundation capital as at 12.31 6 15'312'384.37
Total liabilities 16'729'737.17
5'736'688.48
9'350'757.33
-
59'661.44
111'539.38
58'719.86
15'317'366.49
2'715'000.00
-
2'715'000.00
18'032'366.49
12'127.16
12'127.16
500'000.00
1'700'000.00
2'200'000.00
100'000.00
16'241'719.31
-521'479.98
15'820'239.33
18'032'366.49

Limmat Foundation, 8044 Zurich Project Center
Annual Statement of Account
Note 2011 2010
CHF CHF
General contributions 7 30'000.00 0.00
Project-related contributions for administration 19'422.50 8'120.00
Contributions and fundraising 49'422.50 8'120.00
Human resource costs 8 -130'967.00 -126'254.00
Travel and representation costs -13'913.45 -19'681.00
Indirect project costs -144'880.45 -145'935.00
Statement of Foundation Activity -95'457.95 -137'815.00
Human resource costs 8 -623'351.45 -606'021.50
Travel and representation costs -14'027.95 -17'340.20
Informational material and conferences 7 -54'564.45 -23'370.99
Information technology and office machines -9'855.90 -30'954.70
Financial audit -24'127.40 -24'325.35
General office and administration costs -16'332.47 -21'873.05
Administrative costs -742'259.62 -723'885.79
Rental income 9 21'000.00 21'000.00
Real estate expenses -39'325.14 -48'965.05
Net real estate expenses -18'325.14 -27'965.05
Statement of Administration -760'584.76 -751'850.84
Earned income on liquid assets and long-term deposits 9'920.59 7'018.19
Securities earnings 174'831.89 228'247.10
Financial Earnings 184'752.48 235'265.29
Bank fees, commissions, deposit fees -30'289.00 -31'777.10
Market-value adjustment for securities 10 -859'473.33 449'493.38
Market-value adjustment for currency 10 -126'179.57 -797'384.47
Net market-value adjustment -985'652.90 -347'891.09
Results Assets Management -831'189.42 -144'402.90
Ausgleich Ergebnis interne Portfolios
Real Estate adjustment 4 -17'438.89 -17'438.90
Financial Result -848'628.31 -161'841.80
Earnings from services to third parties 11 15'000.00 15'300.00
Other Results 15'000.00 15'300.00
Annual Result before Allocation of Funds -1'689'671.02 -1'036'207.64
Variations in provisions 5 800'000.00 100'000.00
Sub-foundation contributions to the project center:
-according to project expenditure 12 251'654.60 290'804.50
-according to capital or financial result 12 130'161.46 123'923.16
Total Allocation of Funds 1'181'816.06 514'727.66
Annual Result -507'854.96 -521'479.98

Limmat Foundation, 8044 Zurich Project Center
Project Center
Annex to the annual report 2011
I. Goal of the Project Center
The Project-Center is corresponding to the organizational capital by FER 21.
II. Statement of principles for financial reporting
The statement of principles for the financial reporting can be found at www.limmat.org/RLG
III. Line item explanation of the balance sheet
1. Liquid assets and securities
Securities are values according to current market value. Therefore, on the liabilities page, a provision for
market price fluctuation will be shown (cf. note 5). The securities are part of the fixed assets, and therefore
appear in the Financial Report under that heading.
Portfolio structure:
31.12.2011
Type of investment Switzerland Abroad Total
in CHF in % in CHF in % in CHF in %
Liquid assets and long-term deposits 1,929,863.79 14% 1,801,818.20 13% 3,731,681.99 27%
Bonds and simmilars 2,447,800.23 18% 1,557,281.47 11% 4,005,081.70 29%
Stocks ans simmilars 3,437,347.40 25% 2,549,739.21 18% 5,987,086.61 43%
Alternative investments 0.00 0% 81,828.85 1% 81,828.85 1%
Sub-total of securities 5,885,147.63 43% 4,188,849.53 30% 10,073,997.16 73%
Total 7,815,011.42 57% 5,990,667.73 43% 13,805,679.15 100%
31.12.2010
Switzerland Abroad Total
in CHF in % in CHF in % in CHF in %
Liquid assets and long-term deposits 3,443,146.56 23% 2,293,541.92 15% 5,736,688.48 38%
Bonds and simmilars 1,137,985.00 8% 825,686.08 5% 1,963,671.08 13%
Stocks ans simmilars 4,667,832.00 31% 2,616,407.05 17% 7,284,239.05 48%
Alternative investments 0.00 0% 102,847.20 1% 102,847.20 1%
Sub-total of securities 5,805,817.00 38% 3,544,940.33 23% 9,350,757.33 62%
Total 9,248,963.56 61% 5,838,482.25 39% 15,087,445.81 100%
The accrued interest of CHF 2,129.17 as of 31.12.2011 are included in the prepaid expenses and deferred
receivables.
This division includes the shares held by the project center's internal portfolios:
Project Center Stock 31.12. Change in value 2011
Portfolio 1 (Bonds) 3,911,061.70
9,565.70
Portfolio 2 (Swiss Stocks) 2,821,890.15
28,997.15
Portfolio 3 (Foreign Stocks) 973,558.31
-12,615.82
Total 7,706,510.16
25,947.03
2. Receivable: withholding tax.
3. Internal accounts: Current account with the 14 sub-foundations

Limmat Foundation, 8044 Zurich Project Center
4. Real Estate
Rosenbühlstrasse 32, 8044 Zürich (Foundation domicile)
(in CHF)
Date of latest
appraisal
Building, (Foundation
domicile)
Content,
Furniture&Fixtures Total
Book (carrying) value 1/1/11 2,615,000.00 100,000.00 2,715,000.00
Additions 0.00 0.00
Book (carrying) value 12/31/11 2,615,000.00 100,000.00 2,715,000.00
Cumulated Depreciation *) 0.00 0.00 0.00
Net Value 12/31/11 2,615,000.00 100,000.00 2,715,000.00
Mortgages 500,000.00 500,000.00
Insurance/Replacement (Current) value 06.03.2009 3,269,800.00 250,000.00 3,519,800.00
Estimated curent market value 03.02.2006 5,980,000.00
*) Because of the low book value applied of the property, it does not need any adjustment for depreciation.
To finance tthe renovation works, a 7-year fix-loan of CHF 500'000 (until Dec. 2012, at 3.44%) was taken. It is
shown as mortgage, although the lending bank uses the portfolio as collateral, instead of the property.
5. Provisions
There is a targeted provision for market fluctuations of approx. 12% of the invested assets (net current assets
+ securities). Due to the negative result of the portfolio management, the provision was reduced of CHF
800,000 to CHF 900’000 as per December 31, 2011.
6. Capital
Original endowment: CHF 100,000 on 3/13/1972. Capital earnings do arise from donations, but for the most
part are a result of the financial gains (less administration costs) of the Foundation (project center) since 1972.
Organizational capital (project center) is not intended for projects, but for the infrastructure of the foundation.
IV. Line item explanation of the profit and loss account
7. Video 40 years
For the 40 years celebration of the foundation in 2012, it was shot a film. The costs of CHF 31,073.25 has
been carried by a donation of CHF 30’000.
8. Human Resource costs
The total costs of human resources amounts to - CHF 754,318.45, including CHF 74,476.50 social insurance.
It comprises the real working hours for project management (CHF 130,967) and for general administration
costs (CHF 623,351.45).
All employees (5.1 full-time positions) are employed with full benefits. The members of the Board do not
receive compensation.
9. Properties
Property Rosenbühlstrasse 32: Garage rented to Honegger Patronage (CHF 5,000); premises rented to third
parties (CHF 16,000)
10. Gross value adjustments
2011, in CHF Securities Currencies Total
Gains 656,766.35 526,571.24 1,183,337.59
Losses -1,516,239.68 -652,750.81 -2,168,990.49
Net -859,473.33 -126,179.57 -985,652.90
11. Services: Consulting to non profit organisations.
12. Administration fees paid by the sub-foundations to the Project Center
Vor each sub-foundation there is a different agreement for the administration fees charged by the Project
Center. (See the respective annex to the financial report of each sub-foundation).

Limmat Foundation, 8044 Zurich Project Center
V. Further disclosures
Founder: The Limmat Foundation was founded in 1972 by Dr. Arthur Wiederkehr (Zürich, † 2001).
Compensation: Members of the Board of Directors receive no compensation from the foundation. They are
reimbursed only for travel costs and other foundation-related expenses (2011: CHF 3,691.40).
Volunteer work: Friends of the Foundation also provide non-compensated services such as project visitation
and collaboration. This volunteer labor amounted to approximately 470 work hours in 2011.
Related organizations: The Limmat Foundation is independent. Close contacts are maintained with partner
organizations, but this independence is nonetheless safeguarded. The Limmat Foundation is also a member
of proFonds, the umbrella organization for philanthropic organizations in Switzerland.
Leasing equipment:
Total duration: 60 months (CHF 13,695)
Until 21.12.2011: 31 months
Remaining period: 29 months x 228.25 = CHF 6,619.25
Patronage Committee
The following personalities are members of the Committee of Patronage of the Limmat Foundation,
showing their support for its activities.
- H.I.&R.H Archduke Rudolf of Austria
- Jeroo Billimoria, President of Child Helpline International Foundation, Amesterdam
- Prof. Luis Fernando Cruz, former President of the Fundación Carvajal, Cali, Colombia
- Prof. J. Gregory Dees, The Fuqua School of Business, Duke University, USA
- Jean-Pierre Hocké, former UN commissioner for Refugees
- Dr. Mark R.Hoenig, Partner and Member of the Board, Egon Zehnder International
- Dr. Gabi Huber, member of Parliament (FDP)
- Nicolas Imboden, former delegate of the Swiss Government for Trade Agreements
- Dr. Arthur Loepfe, former member of Parliament (CVP)
- Prof. Edouard Owczarczak , CEO of Management Joint Trust
- Prof. Robert Purtschert, former Director of the Verbandsmanagement-Institut (VMI) Fribourg
- Otmar Sorgenfrei, former Executive Director, Fondation Nestlé Pro Gastronomia
- Susanna Tamaro, author
- Dr. Alfred Wiederkehr, lawer
- Pirmin Zurbriggen, gold medalist Olympic Games
VI. Efficiency Report
See the annexes to the financial report of each sub-foundation