The total amount that Solidaridad Network invested in 2015 was €41.7 million, just below the budget for the year which was set at €42 million.
Consolidated Income Statement Solidaridad Network 2015
in € 1,000
|Income||2015 Actual||2015 Budget||2014 Actual|
|Solidaridad South America||5,015||2,870||4,067|
|Solidaridad Central America||36||11||482|
|Solidaridad West Africa||7,056||7,710||10,077|
|Solidaridad Southern Africa||585||1,321||403|
|Solidaridad East and Central Africa||1,005||445||1,799|
|Solidaridad South and South-East Asia||4,184||5,696||3,703|
|Solidaridad North America||591||267||365|
|Financial gains and other income||0||0||166|
|Estimated income in pipeline||0||7,713||0|
Solidaridad budgets only contracted income and reports income that has been utilised as actual. The risk that budget is not achieved is limited to the extent that contracted income is not fully utilised in the current year.
Solidaridad has set a budgetary target of €45 million for 2016.
The figures presented above cannot be accumulated to represent aggregated income and expenditure because they contain inter-regional funding flows.
Network Income & Expenditures
Income per regional expertise centre (REC) is split between what a REC has formally contracted itself and what has been received via other centres. The total expenditure of a REC generally provides a good idea of its size and the level of its activities. Project expenditure has either been invested via other organizations in the Solidaridad Network or has been invested by the REC itself.
Salary costs in one expertise centre are difficult to compare to those in another. On an absolute level, salary costs vary between RECs because they depend on price levels – and inflation – in the regions. Relative comparisons also reveal differences. Organizations that use external consultants on their projects have a relatively low level of salary cost. Smaller expertise centres spend a relative large portion of their total costs on salaries. Lastly, some RECs are more engaged in activities such as fundraising, communication and market linkage.