As in previous years, Solidaridad Europe held the largest share of contracted income, but financial contributions from other regional expertise centres (REC) are growing each year. These indicators confirm the effectiveness of Solidaridad's innovative model of continental contracting, supported by a continental governance system.
The total amount that Solidaridad Network invested in 2017 was €39.7 million against a budgeted investment of €55 million. The budget for the year was set at an ambitious target. New contracts were agreed but spending of the contracted funding was lower than anticipated for the year.
Consolidated financial statements for all entities of Solidaridad Network are not prepared. The audited financial statements of each regional expertise centre can be found on the respective annual report pages for those centres as soon as they are final.
The figures below present the aggregated income figures of all entities within Solidaridad Network; all independently contracted income of each Solidaridad Office together forms an income for all of the Network of € 39.7 million.
Solidaridad Network Income Statement 2017
|Income||2017 Actual||2017 Budget||2016 Actual|
|Solidaridad South America||1,596||1,786||4,969|
|Solidaridad Central America||95||32||14|
|Solidaridad West Africa||3,958||2,070||4,594|
|Solidaridad Southern Africa||1,569||845||4,132|
|Solidaridad East & Central Africa||1,286||1,786||2,772|
|Solidaridad South & South-East Asia||7,980||4,762||7,620|
|Solidaridad North America||217||5,131||322|
|Estimated income in pipeline||0||14,922||0|
NETWORK GROWTH PER CONTINENT
OVERALL NETWORK GROWTH