Provisional financial figures of Hivos 2017 draft annual accounts
In keeping with statutory provisions and tax legislation, Hivos is required to present its Annual Report within six months after the end of the financial year. The regulations of the Netherlands fundraising regulator (Centraal Bureau Fondsenwerving) require that all published financial statements must be audited. Since the audit of our 2017 financial statements has not yet been finalized, Hivos has chosen to publish the provisional financial figures of its draft annual accounts as well as the notes to the accounts. Once the audit has been finalized and approved, a complete version of the Hivos 2017 Annual Accounts will be published, together with the 2017 Hivos Annual Report. A change in the methodology we used to present the figures has caused the delay. Because of this, the corresponding financial figures for 2016 must also be updated and approved.
Information on our activities and programs for 2017 can be found in the document ‘Hivos 2017 Highlights’. Together with our partners and donors, we have accomplished many successful projects, and continue to undertake promising initiatives which may turn out to be our innovative solutions for the future.