IRRI AnnuAl RepoRt 2011

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Audited FinAnciAl StAtementS 2011

INTERNATIONAL RICE RESEARCH INSTITUTE (A Nonstock, Not-for-Profit Organization)
FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION December 31, 2011 and 2010

IRRI AnnuAl RepoRt 2011

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INTERNATIONAL RICE RESEARCH INSTITUTE
(A Nonstock, Not-for-Profit Organization)

TABLE OF CONTENTS

Page/s

Report of Independent Auditors Statements of Financial Position Statements of Activities Statements of Changes in Net Assets Statements of Cash Flows Notes to the Financial Statements Schedules of Grants Revenues and Accounts Receivable/ (Payable) – Donors (Exhibit 1) Schedules of Bilateral Restricted Funding (Exhibit 2) Details of Operating Expenses (Exhibit 3) Indirect Cost Calculation (Exhibit 4) Statements of Expenditures of the following: European Community Funding (Exhibit 5) German Unrestricted Contribution (Exhibit 6) CGIAR Research Program Supplementary Schedules (Exhibit 7) 29 30 31 - 36 16 - 18 19 - 26 27 28 1 - 15

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kpmg
Manabat Sanagustin & Co., CPAs The KPMG Center, 9/F 6787 Ayala Avenue Makati City 1226, Metro Manila, Philippines Branches: Bacolod · Cebu · Iloilo · Subic Telephone Fax Internet E-Mail +63 (2) 885 7000 +63 (2) 894 1985 www.kpmg.com.ph manila@kpmg.com.ph

REPORT OF INDEPENDENT AUDITORS

The Board of Trustees International Rice Research Institute Report on the Financial Statements We have audited the accompanying financial statements of International Rice Research Institute (a nonstock, not-for-profit organization), which comprise the statements of financial position as at December 31, 2011 and 2010, and the statements of activities, statements of changes in net assets and statements of cash flows for the years then ended, and notes, comprising a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with the Accounting Policies and Reporting Practices Manual - Financial Guidelines Series No. 2 prescribed for international agricultural research centers under the auspices of Consultative Group on International Agricultural Research (CGIAR), and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors’ Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Manabat Sanagustin & Co., CPAs, a Philippine partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

PRC-BOA Registration No. 0003, Group A, valid until December 31, 2013 SEC Accreditation No. 0004-FR-3, Group A, valid until November 22, 2014 IC Accreditation No. F-0040-R, Group A, valid until September 11, 2014 BSP Accredited, Group A, valid until December 17, 2014

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INTERNATIONAL RICE RESEARCH INSTITUTE (A Nonstock, Not-for-Profit Organization) STATEMENTS OF FINANCIAL POSITION (All Amounts in Thousand US Dollars)
December 31 Note ASSETS Current Assets Cash and cash equivalents Short-term investments Accounts receivable Donors ( net of allowance of 100 in 2011 and nil in 2010) Employees Others (net of allowance of 536 in 2011 and 290 in 2010) Inventories (net of allowance of 368 in 2011 and 276 in 2010) Prepaid expenses Total Current Assets Noncurrent Assets Property and equipment - net Long-term investments Total Noncurrent Assets 3 4 5 6 7 8 42,851 190 8,163 202 2,455 450 115 54,426 11,528 27,767 39,295 93,721 LIABILITIES AND NET ASSETS Current Liabilities Accounts payable Donors Others Accruals and provisions Total Current Liabilities Net Assets Designated 14 29,003 6,187 7,742 402 1,340 393 102 45,169 11,801 30,154 41,955 87,124 2011 2010

9 4

10 11 12

31,880 11,635 8,378 51,893 41,828 93,721

38,132 3,402 7,094 48,628 38,496 87,124

See Notes to the Financial Statements.

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INTERNATIONAL RICE RESEARCH INSTITUTE (A Nonstock, Not-for-Profit Organization) STATEMENTS OF ACTIVITIES (All Amounts in Thousand US Dollars)
Years Ended December 31 Bilateral Unrestricted/ Window 3 2,876 1,789 4,665 OPERATING EXPENSES Program-related (Exhibit 3) Management and general (Exhibit 3) Recovery of indirect costs (Exhibits 3 and 4) NET SURPLUS FROM ORDINARY ACTIVITIES Unrealized foreign exchange translation gain NET SURPLUS FOR THE YEAR EXPENSES BY NATURAL CLASSIFICATION Personnel costs CRP Collaborator/Partnership costs - CGIAR Centers Collaborator/Partnership costs Others Supplies and services Operational travel Depreciation Indirect cost 3 13 454 8 7,188 7,642 (6,526) 1,116 3,549 59 3,608 2011 Window 1&2 35,653 35,653 35,653 35,653 35,653 Bilateral Restricted 47,032 47,032 47,032 47,032 47,032 Challenge Programs 2,469 2,469 2,469 2,469 2,469 Total 88,030 1,789 89,819 85,608 7,188 92,796 (6,526) 86,270 3,549 59 3,608 2010 56,828 1,602 58,430 55,427 6,140 61,567 (4,254) 57,313 1,117 119 1,236

Note REVENUES Grants (Exhibit 1) Others

4, 16

5,004 -

8,912 12,316 189 10,746 724 2,766 35,653

11,892 16,277 14,617 2,665 1,581 47,032

713 526 1,099 123 8 2,469

26,521 12,316 16,992 27,686 3,950 5,331 (6,526) 86,270

22,076 13,572 18,736 3,691 3,492 (4,254) 57,313

8, 15 9

1,224 438 976 (6,526) 1,116

See Notes to the Financial Statements.

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INTERNATIONAL RICE RESEARCH INSTITUTE (A Nonstock, Not-for-Profit Organization) STATEMENTS OF CHANGES IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 (All Amounts in Thousand US Dollars)

Designated Invested in Fixed Assets Fixed Assets Acquisition 3,938 (4,588) 3,492 2,842 (5,447) 5,331 2,726 3,798 3,679 7,477 2,440 1,358 Risk Management 10,515 4,845 (3,492) (67) 11,801 5,171 (5,331) (113) 11,528 Unrealized Forex Translation 845 119 964 59 1,023 Genetic Resource Center Reserve 10,000 10,000 10,000 Research Initiative Fund (Note 14) 9,265 (174) 9,091 (17) 9,074

Note 9 9

Total Net Assets 37,003 257 1,236 38,496 (276) 3,608 41,828

Balances, January 1, 2010 Acquisition of fixed assets Capital reserve replenishment Net surplus (deficit) for the year 9 9

Balances, December 31, 2010 Acquisition of fixed assets Capital reserve replenishment Net surplus (deficit) for the year

Balances, December 31, 2011

See Notes to the Financial Statements.

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INTERNATIONAL RICE RESEARCH INSTITUTE (A Nonstock, Not-for-Profit Organization) STATEMENTS OF CASH FLOWS (All Amounts in Thousand US Dollars)
Years Ended December 31 Note CASH FLOWS FROM OPERATING ACTIVITIES Net surplus for the year Adjustments for: Depreciation of property and equipment Provision for doubtful accounts Provision for inventory obsolescence Loss on disposal of property and equipment Fair value gains on investments Gain on disposal of investments Interest income Unrealized foreign exchange gain Net surplus before working capital changes Decrease (increase) in: Short-term investments Accounts receivable Inventories Prepaid expenses Increase (decrease) in: Accounts payable Accruals and provisions Cash generated from operations Interest received Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES Decrease (increase) in long-term investments Acquisition of property and equipment Net cash used in investing activities NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR
See Notes to the Financial Statements.

2011

2010

3,608 9 5, 7 8 9 4 4 5,331 346 92 113 (737) (359) (59) 8,335 6,028 (1,623) (149) (13) 1,981 1,284 15,843 359 16,202

1,236 3,492 290 172 67 (1,141) (196) (202) (119) 3,599 3,471 (2,140) 9 80 4,035 (289) 8,765 202 8,967

9

3,093 (5,447) (2,354) 13,848 29,003 42,851

(4,805) (4,588) (9,393) (426) 29,429 29,003

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INTERNATIONAL RICE RESEARCH INSTITUTE (A Nonstock, Not-for-Profit Organization) NOTES TO THE FINANCIAL STATEMENTS (All Amounts in Thousand US Dollars)

1. Reporting Entity International Rice Research Institute (the “Institute”) was established in 1960 to undertake basic research on the rice plant and applied research on all phases of rice production, management, distribution and utilization with the objective of attaining nutritive and economic advantage and benefit for the people of Asia and other major rice- growing areas. The Institute was first conferred the status of an international organization in the Philippines under Presidential Decree (PD) No. 1620. On May 19, 1995, a multi-lateral agreement (1995 Agreement) recognizing the status of the Institute as an international organization was signed by representatives of 19 countries, including the Philippines. The 1995 Agreement allows the Institute to have a juridical status to more effectively pursue its international collaborative activities in rice research and training. Pursuant to the 1995 Agreement, the Institute and the Government of the Republic of the Philippines entered into a Headquarters (HQ) Agreement. The HQ Agreement was ratified by the Philippine President on May 23, 2006, concurred by the Philippine Senate on April 28, 2008, and came into force on May 14, 2008. The Institute enjoys, among other privileges and prerogatives, the following tax exemptions: a. Exemption from the payment of gift, franchise, specific, percentage, real property, exchange, import, export, and all other taxes provided under existing laws or ordinances. This exemption shall extend to goods imported and owned by the Institute to be leased or used by members of its staff. b. All gifts, bequests, donations and contributions which may be received by the Institute from any source whatsoever, or which may be granted by the Institute to any individual or non-profit organization for educational or scientific purposes, shall be exempt from the payment of the taxes imposed under Title III of the National Internal Revenue Code (Tax Reform Act of 1997). All gifts, contributions and donations to the Institute shall be considered allowable deductions for purposes of determining the income tax of the donor. c. Non-Filipino citizens serving on the senior professional and administrative staff of the Institute shall be exempt from the payment of income tax on salaries and stipends in U.S dollars received solely and by reason of service rendered to the Institute. d. The Institute shall be exempt from the payment of all customs duties and related levies or any kind, except charges for storage, transport and services supplied, and from prohibitions and restrictions on the import or export of articles intended for its official use.

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The Institute receives support from various donor agencies and entities primarily through the Consultative Group on International Agricultural Research (CGIAR). CGIAR is a group of donors composed of governments of various nations and international organizations and foundations. CGIAR Window 1 and 2 In 2011, the CGIAR introduced a new programmatic based approach in doing business. The Donors to the CGIAR, represented by the Fund Council, approved the creation of fifteen CGIAR Research Programs (CRPs), each to be led by a designated Center which would be responsible, through a Program Implementation Agreement (PIA), for overseeing the implementation of the CRP by program participants and for all payments of CRP expenses and reporting from program participants. Program participants include other Centers who are subcontracted by the Lead Center via a Program Participant Agreement (PPA) or other suitable contracting arrangement. Fund donors may designate their contribution to one or more of the three funding “Window”. For Window 1 funds, the Fund Council sets the overall priorities and makes specific decisions about the use of the fund such as allocation to CRPs, payment of System Costs and any other use required to achieve the CGIAR mission. Window 2 funds are contributions designated by Fund Donors to one or more specific CRPs. Window 3 funds are contributions designated by the Fund Donors to individual centers. The Institute is the Lead Center of CRP3.3 Global Rice Science Partnership (GRiSP) that started in January 2011 for a period of five years, with a total budget of US$594,370. As a Lead Center, the Institute entered into an agreement with the Consortium Board for the overall performance of the CRP. The Institute will receive the grants from Window 1 and 2 for further allocation to the participating centers; i.e., Africa Rice Center (AfricaRice) and the International Center for Agriculture in the Tropics (CIAT). The Institute would be responsible, through a PIA, in overseeing the implementation of the CRP. The Institute is also required to submit regular financial reports and cash flow statements to the Consortium Office. The Institute received total grant of US$32,744 and allocated US$9,867 to the other participating centers. As of December 31, 2011, accounts receivables from CGIAR Window 1 and 2 amounts to US$2,909 (see Note 5). The Institute’s major facilities are located in Los Baños, Laguna, Philippines. In addition, the Institute owns an administrative office in Makati City, Philippines. The accompanying financial statements and supplementary schedules and statements of the Institute were approved and authorized for issue by the Board of Trustees on April 12, 2012. 2. Summary of Significant Accounting Policies The principal accounting policies applied in the preparation of these financial statements are set out below. These accounting policies have been applied consistently to all periods presented.

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Basis of Financial Statements Preparation The financial statements are prepared on the basis of accounting practices prescribed for international agricultural research centers referred to as the “Accounting Policies and Reporting Practices Manual - Financial Guidelines No. 2” (APRPM) under the auspices of the CGIAR. These accounting policies are applied consistently in dealing with items that are considered material in relation to the financial statements. The preparation of financial statements in conformity with CGIAR’s APRPM requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. Future events may occur which can cause the assumptions used in arriving at the estimates to change. The effects of any change in estimates are reflected in the financial statements as they become reasonably determinable. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The following are the critical judgments and key estimates in relation to the preparation of these financial statements: Judgment Operating Lease The Institute has various lease agreements related to lease of property and equipment. The Institute has determined that it does not retain all the significant risks and rewards of ownership of the property and equipment, which are leased out in an operating lease agreement. Estimates Impairment of Assets The Institute assesses impairment of assets whenever events or changes in circumstances indicate the carrying amount of assets may not be recoverable. If such indication exists, the recoverable amount of the assets is estimated in order to determine the extent of impairment. Estimating Useful Lives of Property and Equipment The Institute estimates useful lives of property and equipment based on the period over which the assets are expected to be available for use. These are updated if expectations differ from previous estimates due to physical wear and tear and technical and commercial obsolescence. The useful life and depreciation method are reviewed periodically to ensure that it is consistent with the expected pattern of economic benefits from items of property and equipment. Basis of Measurement The financial statements have been prepared on the historical cost basis except for certain investments stated at fair value. -3IRRI AnnuAl RepoRt 2011

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Functional and Presentation Currency The accompanying financial statements of the Institute are presented in U.S Dollars, which is the Institute’s functional currency. All financial information has been rounded off to the nearest thousands, unless otherwise indicated. Revenue Recognition Grants are recognized as revenue upon the substantial fulfillment of the conditions attached to them, regardless of the period when it is intended to be used, or when the donor has explicitly waived the conditions. Grants are classified according to the type of restrictions attached to them. Unrestricted Grants Unrestricted grants are grants received which the Institute may freely use for its mandated activities. Unrestricted grants are recognized in full in the period specified by the donor wherein sufficient verifiable evidence exists that a commitment was made by the donor. Restricted Grants Restricted grants are grants received in support of specified projects or activities mutually agreed upon by the Institute and donors. Revenue is recognized to the extent of expenses actually incurred. Excess of grants received over expenses, representing grants applicable to succeeding years, are shown under “Accounts payable - donors” account in the statements of financial position. Claims from donors for project expenses paid for by the Institute in advance are shown under “Accounts receivable - donors” account in the statements of financial position. Grants in kind are measured at the fair value of the assets (or services) received or promised while cash grants are measured at the face amount of the cash received or the US Dollar equivalent. As a Lead Center for GRiSP CGIAR Research Programs, the Institute recognized the full amount of the grants received from the Consortium including the amount passed on to other participating Centers and spent by them. Disbursements to another center by the Lead Center are recorded as an “Account Receivable” until an expenditure report is received from the other center, and the expenditure amount can then be liquidated from the advance (see Note 1). Expense Recognition Expenses are decreases in economic benefits during the accounting period in the form of outflows or depletion of assets or incurrence of liabilities that result in decreases in net assets. Expenses are recognized on the basis of a direct association between the costs incurred and the earning of specific items of revenue. The Institute presents on the face of the statements of activities an analysis of expenses using a classification based on the function and nature of expenses within the Institute. Program-related expenses are expenses incurred for the activities that result in goods and services being distributed to beneficiaries, project proponents, and members that fulfill the purpose or mission for which the Institute exists. Management and general expenses are all expenses incurred for the activities of the Institute other than program-related activities. -4IRRI AnnuAl RepoRt 2011

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Collaborators/Partnership costs arises from the collaborative researches undertaken by the Institute and payments for direct research inputs made to collaborators and partners. Cash and Cash Equivalents Cash includes cash on hand and in banks. Cash equivalents are short-term, highly liquid investments that are both: (a) readily convertible to known amounts of cash, and; (b) so near their maturity date that they present insignificant risk of changes in value. These investments, as distinguished from short-term investments, are those that are acquired with original maturities of three months or less. Investments Investments are initially recorded at their acquisition cost if they are purchased and at their fair market value if they are received as grants. Investments in equity securities and debt securities are re-measured at their market values as of the reporting date. The gain or loss on disposal of current investments and changes in value of such investments are included in the statements of activities under “Other revenues” account. Short-term investments consist of investments that are: (a) acquired with original maturity of more than three months but not exceeding one year, and (b) those that are originally longterm in nature but are currently due to mature within one year from the reporting date. Long-term investments are investments that are acquired with the intention of keeping the same for more than a year from the acquisition date and which are not maturing within one year as of the reporting date. Accounts Receivable Accounts receivable from donors, employees and other entities are carried at net realizable value calculated as the gross amount less any allowance provided for doubtful accounts. Allowance for doubtful accounts is based on past experience and on a continuous review of receivable aging reports and other relevant factors. When an accounts receivable is deemed doubtful of collection, the Institute provides an allowance for doubtful accounts during the year in which it is deemed doubtful. Any receivable or a portion thereof adjudged to be uncollectible is written-off. The write-off is done after all efforts to collect have been exhausted. Receivables from employees are recognized as they arise and cancelled when payment is received. Advances to other centers are recognized when the cash or other assets borrowed is delivered or when payment is made for a liability of another center. Inventories Inventories which consist of spare parts and supplies and other inventories are recognized at cost. Cost, which includes the purchase price plus cost of freight and handling charges, is determined using the moving average method. Inventories held as of reporting date are stated at the lower of cost or net realizable value. Net realizable value (NRV) is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale. The excess of cost over net realizable value is presented as a contra-asset account. -5IRRI AnnuAl RepoRt 2011

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Property and Equipment Property and equipment acquired prior to 1991 are carried at cost or estimated value; acquisitions starting 1991 are stated at cost. Capital expenditures with a minimum cost of US$0.5 or its equivalent and with an estimated life beyond one year are capitalized. Property and equipment which qualifies for recognition as an asset is initially measured at cost. The cost of an item of property and equipment comprises its purchase price and all other incidental cost in bringing the assets to its working condition for its intended use. Subsequent to initial recognition, an item of property and equipment is carried at cost less any accumulated depreciation and impairment in value. Depreciation of all assets which are owned by the Institute is computed using the straightline method over the estimated useful lives of the related assets as follows: Category description Physical facilities: Building and improvements Infrastructure and leasehold improvements Furnishing and equipment Farming Farm machinery and equipment Shop machinery and equipment Laboratory Office Auxiliary units Vehicles Computers Estimated life in years 60 25 or term of lease whichever is shorter 7 - 10 7 - 10 5 - 10 5 - 10 5 - 10 4-7 3-5

Depreciation is charged from the month an asset was placed in operation and is continued until the asset has been fully depreciated or its use is discontinued. Property and equipment acquired through the use of grants restricted for a specific project are recorded as assets. Such assets are depreciated at a rate of 100% in the year of purchase. The depreciation expense is charged directly to the appropriate restricted project. An item of property and equipment is eliminated from the statements of financial position on disposal or when the asset is permanently withdrawn from use and no further economic benefits are expected from its disposal. Gains or losses arising from the retirement or disposal is determined as the difference between the net disposal proceeds and the carrying amount of the asset and is recognized as revenue or expense in the statements of activities. Accounts Payable Accounts payable represent amounts due to donors, employees, and others for support, services and/or materials received prior to year-end, but not paid for as at reporting date. Accruals Accruals represent liabilities to pay for goods or services that have been received or supplied but have not been paid or invoiced.

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Provisions Provisions are recognized when the Institute has: (a) a present obligation as a result of a past event, (b) it is probable that an outflow of resources will be required to settle the obligation, and (c) a reliable estimate of the amount can be made. Provisions are measured at the present value of management’s best estimate of the expenditure required to settle the present obligation at the reporting date. When there are a number of similar obligations, the likelihood that an outflow will be required in the settlement is determined by considering the class of obligations taken as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Net Assets Net assets is the residual interest in the Institute’s assets after liabilities are deducted. The overall change in net assets represents the total gains and losses generated by the Institute’s activities during the period as determined by the particular measurement principles adopted and disclosed in the financial statements. Net assets are classified as either undesignated or designated. Undesignated net assets is that part of net assets that is not designated by Institute’s management for specific purposes. Designated net assets is that part of net assets that is designated by Institute’s management for specific purposes, such as a reserve for the future acquisition of property and equipment. As of December 31, 2011 and 2010, there are no undesignated net assets. Leases A lease is an agreement whereby the lessor conveys to the lessee, in return for a payment or a series of payments, the right to use an asset for an agreed period of time. Leases which do not transfer to the Institute substantially all the risks and rewards of ownership of the asset are classified as operating leases. Payments made under operating leases are charged to operations on a straight-line basis over the period of the lease. Foreign Currency Transactions and Translations Foreign currency-denominated transactions are translated to US dollars for reporting purposes at preceding month-end booking rates which approximate the exchange rates prevailing at the date of the transactions. Exchange differences arising from: (a) the settlement of foreign currency-denominated monetary items at rates which are different from which they were originally booked, and (b) the translation of balances of foreign currencydenominated monetary items as of reporting date are credited or charged to operations during the year. Employee Benefits Employee benefits are all forms of consideration given by the Institute in exchange for service rendered by all employees - whether internationally recruited staff (IRS) or nationally recruited staff (NRS).

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A defined contribution plan is a post-employment benefit plan under which the Institute pays fixed contributions into an account maintained by a trustee and will have no legal or constructive obligation to pay further amounts, subject to the minimum requirement of the law. Obligations for contributions to defined contribution pension plans are recognized as “personnel costs” under the statements of activities in the periods during which services are rendered by employees. Recovery of Indirect Costs The pooling of direct and indirect costs is based on the principle of attribution and assignability. Expenditures are pooled to different resource user units (cost centers) by direct identification. Expenditures that are common to the different cost centers are allocated on the basis of resource drivers. Non-operating and non-recurring expenditures are excluded in the computation. Direct and indirect costs exclude capital expenditures but include depreciation in the case of unrestricted funded activities. For restricted grants, the indirect cost rates may include capital expenditures depending on the terms and conditions of the relevant agreements. The method of calculating the indirect cost recovery is prescribed in the CGIAR Financial Guidelines Series No. 5 (“CGIAR Cost Allocation Guidelines”). Events After the Reporting Date Post year-end events that provide additional information about the Institute’s financial position at the reporting date (adjusting events) are reflected in the financial statements when material. Post year-end events that are not adjusting events are disclosed in the notes to the financial statements when material. 3. Cash and Cash Equivalents Cash on hand Cash in banks Cash equivalents 2011 $3,577 5,583 33,691 $42,851 2010 $1,263 6,788 20,952 $29,003

Cash in banks earn interest at bank deposit rates ranging from 0.02% to 0.25% and 0.02% to 0.63% in 2011 and 2010, respectively. Cash equivalents are short-term time deposits which are made for varying periods of up to three months depending on the immediate cash requirements of the Institute, and earn interest at the prevailing short-term rates ranging from 0.02% to 4.5% in 2011 and 2010.

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4. Investments 2011 Short-term investments With original maturities of more than three months but less than one year Long term investments due to mature within one year Long-term investments $190 190 27,767 $27,957 2010 $2,187 4,000 6,187 30,154 $36,341

Long-term investments outstanding as of December 31, 2011 and 2010 have terms ranging from more than one year to seven (7) years. The average annual interest rate on the above investments is 2% in both years. The interest income from the investments, included as part of the “Other revenues” in the statements of activities, amounted to US$359 and US$202 in 2011 and 2010, respectively. Gain on investments amounted to US$737 and US$1,337 in 2011 and 2010, respectively (see Note 16). 5. Accounts Receivable - Donors Receivables from donors arise from: (a) unrestricted grants which are due and recognized as receivable by the Institute upon receipt of confirmed commitments from donors; and (b) restricted grants or challenge programs expenses which are not yet reimbursed by the donors (see Exhibit 1). CGIAR Window 1 and 2 Unrestricted Bilateral Restricted Temporary Challenge programs Allowance for doubtful accounts 2011 $2,909 235 5,119 8,263 (100) $8,163 2010 $ 6,516 1,138 88 7,742 $7,742

The Institute provided an allowance for doubtful accounts of US$100 in 2011.

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6. Accounts Receivable - Employees This account at December 31 consists of advances to: Internationally-recruited staff (IRS) Nationally-recruited staff (NRS) Trainees, scholars, post doctorate fellows (PDF) 2011 $131 45 26 $202 2010 $215 165 22 $402

7. Accounts Receivable - Others The account at December 31 consists of advance payment to suppliers, consultants and other third parties, as follows: Advances to suppliers IRRI Fund Limited Funds in-trust Others Allowance for doubtful accounts 2011 $1,705 712 574 2,991 (536) $2,455 2010 $741 536 188 165 1,630 (290) $1,340

IRRI Fund Limited is a corporation registered in Singapore as an international charitable organization that facilitates and encourages support for rice research, particularly the work of the Institute, from private and public donors in Singapore, Asia and other countries. The Institute provided an allowance for doubtful accounts amounting to US$246 and US$290 in 2011 and 2010, respectively. 8. Inventories This account consists of: Spare parts Supplies and other inventories Allowance for inventory obsolescence 2011 $420 398 818 (368) $450 2010 $363 306 669 (276) $393

The increase in the allowance for inventory obsolescence of US$92 and US$172 in 2011 and 2010, respectively, was recognized in the statements of activities as part of management and general expenses under “Supplies and services” account.

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Audited FinAnciAl StAtementS 2011

9. Property and Equipment The details of the Institute’s property and equipment are as follows:
December 31, 2011 Infrastructure and Leasehold Furnishing Improvements and Equipment $4,583 246 4,829 1,235 155 1,390 $3,439 $40,365 4,925 (1,659) 43,631 31,999 5,174 (1,546) 35,627 $8,004

Physical Facilities Cost Balance at beginning of year Additions Disposals Balance at end of year Accumulated depreciation Balance at beginning of year Depreciation expense for the year Disposal Balance at end of year Net book value $123 123 36 2 38 $85

Total $45,071 5,171 (1,659) 48,583 33,270 5,331 (1,546) 37,055 $11,528

-

Physical Facilities Cost Balance at beginning of year Additions Disposals Balance at end of year Accumulated depreciation Balance at beginning of year Depreciation expense for the year Disposal Balance at end of year Net book value $123 123 34 2 36 $87

December 31, 2010 Infrastructure and Leasehold Furnishing Improvements and Equipment $3,041 1,542 4,583 1,010 225 1,235 $3,348 $37,659 3,303 (597) 40,365 29,264 3,265 (530) 31,999 $8,366

Total $40,823 4,845 (597) 45,071 30,308 3,492 (530) 33,270 $11,801

-

Total assets purchased using restricted grants amounted to US$7,961 and US$5,147 as of 2011 and 2010, respectively.

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Audited FinAnciAl StAtementS 2011

10. Accounts Payable - Donors This account includes grants received for which conditions are not yet fulfilled and amounts payable to donors in respect of unexpended funds received in advance for restricted grants (see Exhibit 1). 2011 Restricted Temporary Challenge programs $30,860 1,020 $31,880 2010 $37,410 722 $38,132

11. Accounts Payable - Others Advances from employees Funds in-trust Deferred training charges Deferred salaries and benefits of PDFs Accounts payable - other CGIAR Centers Others 2011 $288 536 228 1,663 5,792 3,128 $11,635 2010 $161 525 189 199 45 2,283 $3,402

12. Accruals and Provisions This account at December 31 consists of: 2011 Accruals Trade Others Provisions $1,090 2,905 3,995 4,383 $8,378 2010 $1,247 1,804 3,051 4,043 $7,094

Provisions consist of accumulated leave credits due to staff as of December 31, 2011 and 2010 based on current personnel policy manual, in addition to repatriation costs of IRS.

- 12 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Movements on the provisions are as follows: 2011 Beginning balance Additional provisions Amount used during the year Ending balance $4,043 898 (558) $4,383 2010 $3,524 937 (418) $4,043

13. Nationally Recruited Staff (NRS) Provident Fund The Institute maintains a non-contributory provident fund for the benefit of its NRS. The monthly contribution of the Institute to the fund is computed at 10.5% of an employee’s monthly basic salary which is remitted to the trustee-administered funds. The fund provides for lump sum payment to qualified employees/members upon their separation from the Institute, under certain conditions. The Institute is currently implementing Voluntary Early Retirement Programme. The Institute’s provident fund is administered and managed by a trustee based on approved investment guidelines as contained in the Trust Agreement. With the implementation of the new salary structure for Institute’s Headquarter-based NRS effective January 1, 2012, the Institute engaged the services of an actuary to test the fund’s adequacy to cover the minimum benefits required by Philippine laws. Based on the actuarial report dated February 22, 2012, there is a funding deficiency of US$927. This shortfall was recognized as an unfunded accrued liability under Accruals - Others “Accruals and provisions” account in the statement of financial position as of December 31, 2011. Contributions to the fund amounted to about US$587 and US$509 in 2011 and 2010, respectively. The contributions to the provident fund were recognized in the statements of activities as part of “Personnel costs” account. 14. Research Initiative Fund The movements in Research Initiative Fund are shown below:
Strategic Research Initiative $106 (52) 54 $54 Africa And Needy Countries $511 511 $511 Knowledge Pathways Initiative $211 211 $211

Frontier Projects Balances, December 31, 2009 Net deficit for the year Balances, December 31, 2010 Net deficit for the year Balances, December 31, 2011 $7,595 (122) 7,473 (17) $7,456

Development Office $842 842 $842

Total $9,265 (174) 9,091 (17) $9,074

- 13 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Designated There was no re-designation of the reserves in 2011. Undesignated The Institute does not have undesignated net assets as of December 31, 2011 and 2010. 15. Leases The Institute entered into the following lease agreements: a. On September 7, 2001, the Institute renewed its lease agreement for research facilities with the University of the Philippines System (the “University”). The new lease agreement, which took effect on July 1, 2000, is for a period of twenty (25) years up to June 30, 2025, and are renewable upon mutual agreement of the parties. Under the terms of the agreement, the following provisions apply: i. The Institute will pay a nominal rental of one peso every year for the parcels of land used as sites for its laboratories, office and service buildings and housing. In addition and continuing the past practice of providing the equivalent in cash of the approximate value of agricultural products that otherwise could be grown on the land being leased, the Institute provided a lump sum, and nonreimbursable financial assistance to the University in the amount of US$375.

ii. For the duration of the lease, the Institute will also contribute to the cost of development and maintenance of the roads, utilities and other support infrastructure at the University outside the leased land in the amount of US$12.5 per year from the 11th year to the 25th year. iii. Pursuant to the Second Consolidated Renewal of Lease Contract between the University and the Institute, the latter shall execute documents necessary to facilitate the transfer of ownership of the buildings and permanent improvements to the former upon termination of the lease. Further, in Section 2 of Article XV of the Institute’s Charter, all the physical plant, equipment and other assets shall become the property of the University in case the Institute is terminated for any reason. As stated in the lease contract, the transfer of ownership shall not cover other assets such as the Institute’s Gene Bank and Genetic Resources, which have been assigned in trust to the Institute. Other assets donated to the Institute shall be subjected to other conditions in respect of their disposition upon dissolution of the Institute. iv. In support of any expansion of the agricultural research program of the Institute and the University, the Philippine Government authorized the University to acquire, by negotiated sale or by expropriation, private agricultural property under Presidential Degree No. 457. b. The Institute also leases additional eight (8) hectares of land for experimental rice production and other related purposes for five (5) years beginning January 1, 2010 to December 31, 2014 for annual base rental of $10. It is renewable under such terms and conditions mutually agreed upon by both parties.

- 14 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

c. The Institute signed a lease contract with Hewlett Packard (HP) for a seat management agreement involving the lease of computers and other bundled services. The lease covers 4 phases effective for 3 years. The first phase started in October 2004 and the last phase was extended up to December 31, 2010. Another extension up to December 31, 2011 was made to help return the IRRI desktop and notebook users to full functionality as quickly as possible and allow them to focus on their primary business function. The minimum payment (including consumables) under this contract is US$19 per year. d. The Institute entered into a Capital Lease Agreement with Service Support and for provision of services/maintenance including the supply of necessary spare parts and consumables with Fuji Xerox for a minimum period of 36 months starting February 1, 2011. The minimum payment under this contract is US$139 per year. e. The Institute also leases land and other properties from third parties for project experimental sites with periods ranging from 1 to 5 years. As of December 31, 2011 and 2010, the Institute does not have any lease contracts classified as finance leases. The leases mentioned above are accounted for as operating leases. Rent expense shown as part of “Supplies and services” account in the statements of activities amounted to US$358 and US$330 in 2011 and 2010, respectively. The future lease rental commitments of the Institute for the remaining term of the lease contract are as follows: Within one year More than one year but not more than five years More than five years 2011 $23 83 100 $206 2010 $23 93 113 $229

16. Other Revenues This account consists of: Investment gains Self-sustaining activities Miscellaneous, including realized gain on foreign exchange 2011 $737 34 1,018 $1,789 2010 $1,337 (23) 288 $1,602

- 15 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 1 Page 1 of 3

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF GRANTS REVENUES AND ACCOUNTS RECEIVABLE/(PAYABLE) - DONORS (All amounts in thousand US Dollars)
Years Ended December 31
Donors Unrestricted/Window 3 Australia Bangladesh Canada China France Germany India Indonesia Japan Korea Norway Philippines Sweden Switzerland Thailand United Kingdom United States of America Vietnam Worldbank Total CGIAR Fund Window 1 & 2 Subtotal Bilateral Restricted Asian Development Bank (ADB) Australia Bangladesh Bayer Bill and Melinda Gates Foundation Brazil Canada China Chinese Academy of Agricultural Sciences (CAAS) Africa Rice Center Bioversity CGIAR/System-wide Genetic Resources programme (SGRP)/Special Program on Impact Assessment (SPIA) International Center for Agricultural Research in the Dry Areas (ICARDA) International Crop Research Institute for SemiArid Tropics (ICRISAT) Total Funds Available $1,928 (100) 614 45 89 50 15 2,641 32,744 32,744 482 17,498 (8) 140 25,634 20 78 137 2,489 117 7 786 2011 Accounts Receivable $ 100 110 25 235 2,909 2,909 1,055 8 97 Accounts Payable $ (14,268) (6,667) (20) (4) (78) (1,113) (29) (5) (327) Grant $1,928 110 614 45 114 50 15 2,876 35,653 35,653 1,537 3,230 237 18,967 74 59 1,376 88 2 459 2010 Grant $1,282 100 1,241 110 91 612 150 632 147 409 112 547 936 80 2,423 3,950 15 2,410 15,247 871 1,584 88 16,838 32 113 1,245 13 68 46 23 331

- 16 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 1 Page 2 of 3

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF GRANTS REVENUES AND ACCOUNTS RECEIVABLE/(PAYABLE) - DONORS (All amounts in thousand US Dollars)
Years Ended December 31
Donors Centro Internacional de Agricultura Tropical - Information and Communications Technology/Knowledge Management Initiative (CIAT-ICT/KM) International Food Policy Research Institute (IFPRI) Cornell University European Commission Food and agricultural Organization of the United Nations (FAO) France Gatsby Foundation Germany Global Crop Diversity Trust (GCDT) Grand Challenges in Global Health through Albert - Ludwigs University of Freiburg Hybrid Rice Research and Development Consortium (HRDC) International Atomic Energy Association (IAEA) India International Fund for Agricultural Development (IFAD) International Fertilizer Association (IFA)/ International Plant Nutrition Institute (IPNI)/ International Potash Institute (IPI) Iran Japan Korea Kellogg Foundation Malaysia Nunhems BV Plan International Cambodia Philippines Pioneer Hi-bred International Portugal Rockefeller Foundation (RF) Switzerland Syngenta Turkey United Kingdom United States of America (USA) Vietnam Worldbank Total Funds Available 2011 Accounts Receivable Accounts Payable Grant 2010 Grant

$3 336 110 1,179 140 248 155 1,069 307 244 555 12 319 2,182 176 135 2,413 2,094 80 15 16 1,013 336 420 2,744 2,805 165 50 100 4,066 110 306

$ 40 222 27 2,784 44 842 -

($3) (243) (45) (155) (76) (75) (3) (112) (12) (10) (694) (70) (104) (1,271) (35) (8) (11) (375) (145) (305) (2,362) (1,573) (36) (29) (36) (235)

$ 93 150 1,401 95 275 993 232 241 443 309 1,488 106 31 5,197 823 45 7 5 638 191 115 382 1,232 209 14 71 4,908 74 71

$ 88 292 1,526 35 400 476 271 389 324 1 329 997 122 48 5,049 677 50 14 5 6 450 234 169 929 1,065 93 110 2,788 55 356

- 17 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 1 Page 3 of 3

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF GRANTS REVENUES AND ACCOUNTS RECEIVABLE/(PAYABLE) - DONORS (All amounts in thousand US Dollars)
Years Ended December 31
Donors World Vision Inc. Others Subtotal Challenge Programs Water and Food Generation Harvest Plus Subtotal Total Window 1-2, Bilateral Restricted and Challenge Program Total Grants Total Funds Available $62 1,428 72,773 1,144 1,919 426 3,489 109,006 $111,647 2011 Accounts Receivable $ 5,119 8,028 $8,263 Accounts Payable $ (326) (30,860) (169) (710) (141) (1,020) (31,880) ($31,880) Grant $62 1,102 47,032 975 1,209 285 2,469 85,154 $88,030 2010 Grant $93 742 39,435 88 1,011 1,047 2,146 41,581 $56,828

- 18 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 1 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
Donors and program/project A. Consultative Group on International Agricultural Research (CGIAR) Window 1 and 2 Total B. Bilateral Restricted Asian Development Bank (ADB) Addressing the Pre- and Post-Harvest Challenges of the Rice Supply Chain Strategic Research for Sustainable Food and Nutrition Security in Asia Total Australia Climate Change affecting Land Use in the Mekong Delta: Adaptation of Rice-based Cropping Systems (CLUES) Creating Climate Ready Rice for Future Global Food Security: Investing in World-Class Scientific Infrastructure Developing Capacity in Cropping Systems Modelling to Promote Food Security and the Sustainable Use of Water Resources in South Asia Developing Molecular Markers to Enable Selection Against Chalk in Rice Developing Multi-scale Climate Change Adaptation Strategies for Farming Communities in Cambodia, Laos, Bangladesh and India Impact Pathway Analysis of ACIAR’s Investment in Rodent Control: Mekong Countries C2009/106 Improved Rice Establishment and Productivity in Cambodia and Australia (funded by ACIAR) Improved Rice Germplasm for Cambodia & Australia Improving Rice Productivity in South and Southeast Sulawesi Rice-based Systems in Ayeyarwaddy Delta Project in Burma Introduction of Short Duration Pulses into Rice-based Cropping Systems in Western Bangladesh (funded by ACIAR) Sustainable Intensification of Rice-Maize Productions Systems in Bangladesh Training Workshop on Social Sciences Concepts and Tools for Technology Assessment and Research Evaluation and Impact Assessment Total Bayer Framework for a Consortium on “Ecological Intensification of Future Rice-based Systems” Scientific Know-how and Exchange Program (SKEP) TABELA Total Bill and Melinda Gates Foundation Cereal System Initiative for South Asia (CSISA) Creating the Second Green Revolution by Supercharging Photosynthesis: C4-rice Rice in the 21st Century Global Economy: Strategic Research and Policy Issues for Food Security Stress-tolerant Rice for Poor Farmers in Africa and South Asia Stress-tolerant Rice for Poor Farmers in Africa and South Asia (Phase II) The Deployment and Validation of High Beta-carotene Rice Varieties Tracking Varietal Change for Future Assessment of the Impact of Crop Genetic Improvement Research in South Asia Total Canada The Photosynthetic Significance of Lobing in Rice Leaf Cells: A Research Program to Guide Breeding and Genetic Engineering for Improved Rice Yields 01/12/08-31/05/12 15/10/08-30/04/12 23/06/09-31/12/11 01/11/07-31/01/11 19/03/11-28/02/14 11/11/10-31/12/14 13/05/10-07/05/12 GRANT PERIOD (DD/MM/YY) Grant Pledged Prior Years EXPENDITURES 2011 Total

01/01/11-31/12/11

$35,744 35,744

$ -

$35,653 35,653

$35,653 35,653

29/10/10-28/10/12 27/12/10-26/12/12

2,000 2,500 4,500

188 188

921 616 1,537

1,109 616 1,725

01/03/11-28/02/15 11/10/10-10/10/13 01/12/10-30/11/12 01/05/07-30/04/12 01/04/10-30/09/14 25/06/10-28/02/11 01/04/10-31/03/14 01/04/10-30/09/14 01/03/08-28/02/11 02/12/11-09/12/11 01/01/11-30/12/15 01/07/08-30/06/13 09/06/11-06/08/11

4,071 15,202 319 851 664 69 365 3,163 531 16 815 1,663 30 27,759

437 532 107 42 65 192 477 705 2,557

634 848 87 138 104 28 81 737 54 16 234 249 20 3,230

634 1,285 87 670 211 70 146 929 531 16 234 754 20 5,587

31/12/10-30/04/12 10/11/09-09/11/12 01/11/10-28/02/11

50 655 32 737 22,494 11,018 100 19,980 20,000 10,270 600 84,462

79 9 88 11,999 6,674 64 18,916 15 167 37,835

39 176 22 237 6,764 3,051 33 1,064 6,316 1,563 176 18,967

39 255 31 325 18,763 9,725 97 19,980 6,316 1,578 343 56,802

28/03/11-27/03/14

-

74

- 19 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 2 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)

Donors and program/project China China - Grant to IRRI for GRISP China IRRI Collaboration Total Chinese Academy of Agricultural Sciences “Green Super Rice” for the Resource-Poor of Africa and Asia EuropeAid Greater Mekong Subregion Rice IPM Project Total Consultative Group on International Agricultural Research (CGIAR Centers and SecretariatAfrica rice Center Measuring and Assessing the Impacts of Crop Genetic Improvement in Africa: The Case of Pearl Millet, Rice, and Sorghum Mitigating the Impact of Climate Change on Rice Disease Resistance in East Africa RIDEV Model Development at IRRI: On-the-job Taining of Ms. Cecile Julia Total Bioversity Case Study "Farming Community Registry as a Farmers' Rights Mechanism and Its Use in the Plant Variety Registry of the Plant Variety Protection Office of the Philippines” ICRISAT Tracking Changes in Rural Poverty in Household and Village Economies in South Asia (Gates Village Level Surveys Gates-VLS) International Food Policy Research Institute (IFPRI) Global Futures for Agriculture: Integrated Modelling and Scenario Assessment IFPRI-ILRI Gender, Agriculture, and Assets Project (GAAP) Research to Sharpen the Climate Change Focus in Relation to the Research Being Conducted Under Global Gates Futures Project Assessing the Poverty and Food Security Impacts of IRRI Contributions to Modern Varietal Replacement in Bangladesh, India, Indonesia and the Philippines During 1990-2010 Total Cornell University Cornell University -Durable Resistance in Wheat

GRANT PERIOD (DD/MM/YY) 01/01/10-31/12/11 01/01/08-31/12/11

Grant Pledged $110 220 330

Prior Years $70 123 193

EXPENDITURES 2011 $40 19 59

Total $110 142 252

11/01/08-31/10/11 28/01/11-27/01/16

4,633 43 4,676

2,150 2,150

1,373 3 1,376

3,523 3 3,526

26/04/11-31/12/12 01/01/10-31/12/12 21/09/11-31/03/12

66 204 25 295

13 13

13 66 9 88

13 79 9 101

01/01/10-30/06/10

4

2

2

4

01/05/09-30/04/14

2,021

543

459

1.002

11/01/09-30/06/12 01/05/11-30/04/13 01/10/11-30/01/12

375 100 30

55 -

42 21 23

97 21 23

15/07/11-15/07/13

75 580

55 433

7 93 150

7 148 583

01/02/08-31/01/11

623

- 20 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 3 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)

Donors and program/project European Commission Improving Productivity and Resource Efficiency of Rice Production Systems through a Global, Demand-Driven R & D Program) Sustainable Soil Management for Food Security of Poor, Small and Marginal Farmers of Active Flood Plain and Charlands of Bangladesh Total Food and Agriculture Organization of the United Nations (FAO) Advice for the Design and Development of an Information System in Suppo rt of the Multilateral System and Benefit Sharing of the International Treaty on Plant Genetic Resources for Food and Agriculture Assessing the poverty and food security impacts of IRRI contributions to modern varietal replacement in Bangladesh, India, Indonesia and the Philippines during 1990-2010 Technical advice to countries on strategies/policies for sustainable rice production intensification in different agro-ecological and socio-economic conditions Total France France IRRI Collaborative Grant Decoding Rice Genetic Diversity (Oryza SNP Consortium Project) Bioassays of Rice plants Expressing the Pea Albumin PA1 with Asian Insect Herbivores Total Gatsby Foundation Collections of Landraces and Wild Species of Oryza in Kenya, Mozambique, Tanzania and Uganda (in collaboration with WARDA) Germany Enhancing and Stabilizing the Productivity of Salt-Affected Areas by Incorporating Genes for Tolerance of Abiotic Stresses in Rice Facilitating Interdisciplinary On-farm Research on Carbon, Nitrogen, and Water Budgets in Rice-dominated Landscapes From QTLs to Variety: Pyramiding Major Drought Responsive QTLs for Sustainable Rice Yields in Asia and Africa (BMZ Large Grant) Molecular Breeding for Tolerance to Flooding During Germination for Improved Direct-seeded Rice Systems (PostDoc Grant - Dr Tobias Kretzchmar) Spatial/Temporal Variability of GHG Emission from Farmers' Rice Fields Under Water Saving Strategies in the Philippines LEGATO - Land-use Intensity and Ecological Engineering - Assessment Tools for Risks and Opportunities in Irrigated Rice Based Production Systems Land Use and Climate Change Interactions in the Vu Gia Thu Bon River Basin, Central Vietnam (LUCCI) Total Global Crop Diversity Trust (GCDT) Long-term Funding of the EX Situ Collection of Rice Germplasm Held by IRRI Grand Challenges in Global Health through Albert Ludwig’s University of Freiburg ALUF/GCGH - Engineering Rice for High Beta-Carotene, Vitamin E and Enhanced Iron and Zinc Bioavailability Hybrid Rice Research and Development Consortium (HRDC) Hybrid Rice Research and Development Consortium (HRDC) India ICAR RWC IRRI India Collaborative Grant Total Forward

GRANT PERIOD (DD/MM/YY)

Grant Pledged

Prior Years

EXPENDITURES 2011

Total

01/01-11-31/12/13 01/07/10-01/05/13

$3,882 3,421 7,303

$ 463 463

$425 976 1,401

$425 1,439 1,864

23/12/10-16/06/11

49

-

39

39

15/07/11-15/07/13 01/03/11-31/01/12

125 69 243 228 1,300 19 1,547

79 4 83

5 51 95 228 36 11 275

5 51 95 228 115 15 358

01/01/11-31/12/11 01/12/08-31/12/11 13/08/10-12/08/12

01/05/07-30/04/12

160

5

-

5

01/01/08-31/12/12 01/05/11-30/04/13 01/01/11-31/12/13 01/01/11-31/12/13 01/10/09-30/09/12 01/03/11-29/02/16 17/12/10-16/12/13

1,251 78 1,634 346 242 825 248 4,624

861 77 938

334 17 358 75 67 90 52 993

1,195 17 358 75 144 90 52 1,931

01/11/06-31/10/12

1,777

1,194

232

1,426

28/09/05-27/09/11

1,902

1,661

241

1,902

01/02/08-31/12/11 01/04/07-31/03/11 01/01/10-31/12/11

1,498 100 300 400

944 91 91

443 9 300 309

1,387 100 300 400

- 21 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 4 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
GRANT PERIOD (DD/MM/YY) 16/05/07-30/06/11 Grant Pledged $1,000 EXPENDITURES 2011 $174

Donors and program/project International Fund for Agricultural Development (IFAD) Accelerating Agricultural Technology Adoption to Enhance Rural Livelihoods in Disadvantaged Districts of India Accelerating Resource Conservation Technology (RCT) Adoption to Improve Food Security and Rural Livelihoods while Reducing Adverse Environmental Impacts, in the Indo-Gangetic Plains Drought Enabling Poor Rice Farmers To Improve Livelihoods And Overcome Poverty In South And Southeast Asia Through The Consortium For Unfavorable Rice Environments (Cure) Improved Rice Crop Management for Raising Productivity in Submergence-prone and Salt-affected Rainfed Lowlands in South Asia Reducing Risks from Arsenic Contamination for Poor People Support to Agricultural Research for Climate Change Adaptation (SARCCAB) in Bangladesh Total International Fertilizer Association (IFA)/International Plant Nutrition Institute (IPNI)/ International Potash Institute (IPI) The Irrigated Rice Research Consortium Phase IV Enhancing Profitability of Rice Farming in Asia through Improved Nutrient and Crop Management IPI-Nutrient Management Options to Enhance Survival, Recovery and Yield of Submerged Sub-1 Varieties IPNI-Site-specific Nutrient Management (SSNM) for Ricemaize Cropping Systems in Bangladesh Assessment of Soil K Supplying Capacity from Soil Nutrient Reserves and Dissemination of Nutrient Management Technologies through the Nutrient Manager Total Iran Producing Salt-Tolerant Rice Genotypes using Molecular Breeding Approaches to Enhance Rice Productivity in Salt-Affected Paddy Fields of Iran (Iran-IRRI Collaborative) Development of High Yielding Rice Varieties with ‘Sadri’ Quality (Iran-IRRI Collaborative) Total Japan An Empirical Analysis on Expanding Rice Production in Sub-Sahara Africa, Base Line Survey for Case Study in Tanzania Area-focused Training Course on Upland Rice Variety Selection Techniques Climate Change Adaptation in Rainfed Rice Areas (CCARA) Collaborative Research on Socioeconomic Constraints to Adoption of Technology and Farmer's Response Developing the Next Generation of New Rice Varieties for Sub-Saharan Africa and Southeast Asia Genetics and Breeding Studies on Agronomic Traits Adapted to Rainfed Lowland in Rice Impact Evaluation and Related Study in Bohol Irrigation Projects in the Philippines Impact of local climatic conditions on rice spikelet fertility and grain quality in hot and vulnerable regions of India Impact of the Micro-edit on Technological Adoptation of Rice Prodution JICA - Season-Long Farming Extension Training Panel data construction and analysis, Tubuan Village in the Philippines Transformation of Lowland Rice and Evaluation of Transformed Rice For Environmental Stress Tolerance Year 4 Transformation of Lowland Rice and Evaluation of Transformed Rice for Environmental Stress Tolerance Year 5 Upland Rice Variety Selection Techniques (for African Countries) Training Program Total Forward

Prior Years $671

Total $845

10/12/10-31/12/12 16/12/10-31/12/14

1,319 1,200

-

4

302 125

306 125

28/07/09-30/09/13 10/12/10-31/12/12 31/10/08-31/08/11 23/07/09-30/09/12

1,500 1,458 200 700 7,377

341 1 133 230 1,380

317 329 67 174 1,488

658 330 200 404 2,868

01/01/09-31/12/12 01/02/10-31/01/13 01/12/09-31/12/11 01/07/10-30/06/13

480 32 20 9 541

211 1 2 214

95 3 7 1 106

306 4 9 1 320

01/01/11-31/12/13 01/01/11-31/12/13

80 150 230

-

29 2 31

29 2 31

20/08/10-20/03/11 17/11/10-25/10/11 01/08/10-31/07/15 01/04/05-31/03/11 01/01/10-31/12/14 18/09/11-07/03/12 05/02/10-31/05/11 01/09/11-28/02/12 07/03/11-07/03/12 05/18/11-31/03/12 04/08/11-31/03/12 01/04/10-26/02/11 01/04/11-26/02/12 25/10/11-17/11/11

45 22 1,820 159 20,000 12 300 28 25 1,114 20 396 390 23 24,354

37 82 144 3,375 138 125 3,901

2 396 9 3,757 9 123 12 18 476 6 238 148 3 5,197

37 2 478 153 7,132 9 261 12 18 476 6 363 148 3 9,098

- 22 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 5 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)

Donors and program/project

GRANT PERIOD (DD/MM/YY)

Grant Pledged

Prior Years

EXPENDITURES 2011

Total

Korea Collaboration Network for the Management of Migratory Rice Planthoppers and Associated Virus Diseases of Rice in Asia (AFACI regional project) Cooperative Funding for Korea-IRRI Collaborative Projects Development of Rice Cultivar with the Tolerance to High Temperature Development of Submergence Tolerant Japonica Rice Variety Germplasm Utilization and Value-Added Project Improvement of High-yielding Tongil Type Cultivars and their Adaptability Test in Tropical Region IRRI/Korea – Attribution IRRI/Korea Office Korean Seed Multiplication Project RDA-IRRI Collaborative Project: Development of Drought Tolerant Japonica Rice Using Marker Assisted Back Crossing (MAB) Reducing Crop Losses Due to Weedy Rice in Lowland Rice in South and Southeast Asia Temperate Rice Research Consortium Total Kellogg's Ecological Intensification and Sustainability in Long-term Rice-based Cropping Systems Malaysia MARDI-The Impact of Rice Production on Environmental Sustainability Nunhems BV Further Development of International Crop Information Systems (ICIS) in Collaboration with Nunhems - Phase II Philippines Accelerating the Development of High Yielding Rice Varieties for the Major Ecosystems of the Philippines Electronic Extension Services for Agricultural Extension Workers on Proper Nutrient Management for Rice in the Philippines (Nutrient Manager for Rice) Enhancing Knowledge Exchange and Decision-Making Among Rice Stakeholders through the Development and Promotion of Location-Specific Rice Knowledge Products and Delivery Systems (Phase 2) Hybrid Nucleus and Breeder Seed Production Improved Nutrient Management Options for Unfavorable Rainfed Lowlands in the Philippines Improving and Sustaining Local Capacity in Rice Research and Development through Unified Rice and Rice-based General Educational and Technical Assistance Strategic Assessment of Yield Limiting and Reducing Factors in the Philippines Unified Capability Building Support Total Pioneer Scientific Know-How and Exchange Program bet IRRI & Pioneer Hi-Bred International, Inc. (DuPont) Portugal Village-Level Market-Driven Rice Intensification Rockefeller Foundation (RF) Golden Rice Product Development and Deployment

01/01/11-31/12/11 01/01/99-31/12/11 15/04/10-14/04/13 01/04/08-31/03/11 01/01/01-31/12/11 15/04/10-14/04/13 01/01/10-31/12/11 17/11/01-31/12/11 01/07/91-31/12/11

$10 710 140 90 280 110 50 2,530 574

$ 218 (1) 61 154 2,234 492

$9 66 58 28 17 6 50 258 58

$9 284 57 89 171 6 50 2,492 550

15/04/10-14/04/13 15/04/10-14/04/13 08/02/07-31/12/11

90 300 746 5,630

23 578 3,759

45 131 97 823

45 154 675 4,582

10/14/09-10/13/13

200

70

45

115

01/09/05-30/07/11

100

81

7

88

01/04/06-31/03/11

100

85

5

90

08/10/09-10/07/11 04/06/10-03/06/11

419 43

151 17

91 24

242 41

01/09/10-31/08/13 16/01/04-31/12/11 15/07/09-14/07/11

273 92 41

3 49 24

67 10 10

70 59 34

01/09/10-31/08/13 08/10/09-07/10/11 10/08/09-10/07/10

273 380 806 2,327

12 62 213 531

20 211 205 638

32 273 418 1,169

16/07/08-15/07/11 01/01/08-31/12/11 01/01/09-31/12/12

778 738 4,000

431 317 1,263

191 115 382

622 432 1645

- 23 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 6 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)

Donors and program/project Switzerland The Irrigated Rice Research Consortium - Phase IV Labor Productivity and Community Ecology Work Group Productivity Workgroup Management Team Water Saving Workgroup Post Production Workgroup Crop Health Ancient Genes for Future Rice (Mr. Jonghwa Park ETH Scholarship 2010) Healthy Rice for Healthy People: Zinc Biofortification of Rice through Environmentally Targeted Germplasm Development and Zinc Management Northern Uplands Rice Based Farming Systems Research (NURiFaR) Project Remote Sensing-based Information and Insurance for Crops in Emerging Economies (RIICE) Total Syngenta Scientific Know-how and Exchange Program (SKEP) Turkey Turkey IRRI Cooperative Research Projects. Developing Blast-Resistant Japonica Rice using Marker assisted backcross Breeding (MAB) United Kingdom/DFID Cis-Acting Regulatory Elements in the Rice Genome: A Novel Source of Alleles for Rice Breeding (led by NIAB) Poverty Alleviation Through Rice Innovation Systems Total United States of America Cereal Systems Initiative for South Asia (CSISA) - Year 3 Expansion of Cereal Systems Initiative for South Asia (CSISA) in Bangladesh Research-Driven Rice Intensification in Mozambique: A Model for Sustainable Improvement of Rice Production USAID-CSISA India Mission Vitamin A Deficiency (VAD) Biofortification and Golden Rice (IRRI) Total Vietnam Improving Rice Tolerance of Submergence and Salinity to Cope with Climate Change in Coastal Areas of Vietnamese Deltas World Bank Rice Wheat Consortium World Vision World Vision, Inc.-Partnership for Innovation and Knowledge in Agriculture (PIKA) in India
Forward

GRANT PERIOD (DD/MM/YY)

Grant Pledged

Prior Years

EXPENDITURES 2011

Total

01/01/09-31/12/12 01/01/09-31/12/12 01/01/09-31/12/12 01/01/09-31/12/12 01/01/09-31/12/12 01/01/09-31/12/12 01/02/11-31/01/13 24/08/09-15/11/11 01/11/08-30/09/12 14/09/11-31/01/15

$760 425 2,467 786 151 267 30 197 256 1,576 6,915

$244 166 835 318 41 104 86 140 1,934 93

$141 88 593 171 21 42 5 79 70 22 1,232 209

$385 254 1,428 489 62 146 5 165 210 22 3,166 302

22/03/10-21/03/13

900

01/11/10-31/10/13

76

-

14

14

01/10/08-30/09/11 01/03/08-01/02/11

166 586 752

117 180 297 7 69 330 406

26 45 71 498 3,854 332 60 164 4,908

143 225 368 505 3,923 662 60 164 5,314

01/10/10-30/09/11 01/10/10-30/09/15 09/30/09-09/29/12 01/10/11-30/09/12 01/10/10-30/09/12

505 24,398 900 1,000 700 27,503

19/01/10-18/01/13 11/02/08-31/12/12

248 328

55 21

74 71

129 92

01/10/08-30/06/11

257

180

62

242

- 24 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 7 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)

Donors and program/project Others CSU- Identification of Genes that Control Biomass Production Using Rice as a Model System CSU-Finetuning the Happy Seeder Technology for the Adoption in Northwest India BBSRC-Characterizing Genetic and Soil Induced Variation in Arsenic Uptake, Translocation and Metabolism in Rice to Mitigate Arsenic Contamination in Asia Arcadia - Greenhouse Gas Studies in South Asia CSU-Developing Improved Farming and Marketing Systems for Rural Livelihoods in Rainfed Southern Laos DevGen-Scientific Know-how and Exchange Program (SKEP) GRIPS - An Empirical Analysis on Expanding Rice Production in Sub-Sahara Africa, Base Line Survey for Case Study in Tanzania Hatfields-Evaluation of Mekong River Commission Basin Development Plan Programme Phase 2 UC Davies-Delayed Senescence and Drought Tolerance in Rice Others-Conservation of Arthropod Biodiversity and Ecosystem Services in Rice Environments of Hainan Island Others: Digital system of precision agriculture for Indonesian rice farmers Others:Support for four African Students to the Rice Research to Production Course ISTA- Consultancy of Dr Hay as SST Chief Editor Total Subtotal B. Challenge Programs Water and Food Database Generation for INGER International Rice Trials Conducted in South Asia, 2005-2009 (funded by University of Copenhagen Project G1: Resource profiles, extrapolation domains and land-use patterns Project G2: Productive, profitable, and resilient agriculture and aquaculture systems Total Generation A Molecular Breeding Platform A Molecular Breeding Platform (BMGF) Connecting Performance Under Drought with Genotypes Through Phenotype Associations Detecting and Fine-Mapping QTLs with Major Effects on Rice Yield under Drought Stress for Deployment via Marker Aided Breeding Developing Rice with Dual Tolerance of Phosphorus Deficiency and Aluminum Toxicity: Marker Assisted Pyramiding of Pup1 with Novel Tolerance QTLs Dissemination and community of practice for newly developed drought tolerant QTLs pyramided breeding lines Drought from Different Perspective: Improved Tolerance through Phosphorus Acquisition Enhancing Capacity for Use of Advance Genotyping for Fine-mapping and Pyramiding of Major Salt Tolerant QTLs Identification of Novel QTLs for Salinity Tolerance and Pyramiding with Submergence Tolerance to Develop Improved Rice Varieties for Bangladesh (GCP 2009 PhD Fellowship - Armind Bhuiya) Improving Rice Productivity in Lowland Ecosystems of Burkina Faso, Mali and Nigeria Through Markerassisted Recurrent Selection for Drought Tolerance and Yield Potential (led by AfricaRice) Rice Multi-parent Advanced Generation Inter-Crosses (MAGIC) Phase II Targeting Drought-Avoidance Root Traits to Enhance Rice Productivity Under Water-Limited Environments Total

GRANT PERIOD (DD/MM/YY)

Grant Pledged

Prior Years

EXPENDITURES 2011

Total

1/12/08 - 31/08/11 01/10/07-30/06/11

$300 173

$160 153

$170 11

$330 164

01/01/08-31/12/10 01/03/10-28/02/13 01/12/09-30/11/13 30/03/10-31/07/14 20/08/10-20/03/11 14/05/10-13/05/11 01/11/08-30/09/11 01/02/10-28/02/13 02/06/11-15/03/12 16/05/11-30/06/11 14/10/11-31/12/12

24 220 642 337 20 10 374 400 750 20 24 3,294 232,309

22 41 65 22 16 1 80 138 698 65,152

(9) 72 188 109 4 58 109 368 18 4 1,102 47,032

13 113 253 131 20 1 138 247 368 18 4 1,780 112,184

01/04/11-30/11/11 30/04/11-30/04/14 30/04/11-30/04/14

29 899 1,275 2,203 571 964 267 599 512 179 900 22

287 194 186 473 10 533 3

16 73 168 257 225 147 49 76 334 1 16

16 73 168 257 512 341 235 549 344 1 533 19

15/09/09-30/06/11 15/07/09-15/07/14 01/01/08-31/12/10 01/08/07-31/03/11 01/04/10-31/03/12 01/07/11-30/06/14 01/11/08-31/10/11 01/07/10-30/06/11

15/03/10-14/03/13

75

15

21

36

01/04/10-31/03/14 01/11/11-1/10/13 01/11/08-31/10/11

128 933 900 6,050

457 2,158

25 8 306 1,208

25 8 763 3,366

- 25 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 2 Page 8 of 8

INTERNATIONAL RICE RESEARCH INSTITUTE SCHEDULES OF BILATERAL RESTRICTED FUNDING FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)

Donors and program/project Harvest Plus Advancing the development of Golden Rice varieties for the Philippines and Indonesia (USAID-HP Golden Rice) - Agreement #5224 Development of High-Iron Rice -Harvest Plus Phase II Agreement #5215 Development of High-Zinc Rice for Bangladesh & Eastern India Phase II Rice Partnership Bangladesh (Harvest Plus Phase II) Agreement #5213 Total Subtotal Grand Total

GRANT PERIOD (DD/MM/YY)

Grant Pledged

Prior Years

EXPENDITURES 2011

Total

01/01/10-31/03/12 01/07/09-31/12/11 01/01/09-31/12/11 01/01/09-31/12/11

$400 240 1,944 361 2,945 11,198 $279,251

$ 90 999 9 1,098 3,256 $68,408

$198 113 629 64 1,004 2,469 $85,154

$198 203 1,628 73 2,102 5,725 $153,562

- 26 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 3

INTERNATIONAL RICE RESEARCH INSTITUTE DETAILS OF OPERATING EXPENSES FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 (All amounts in thousand US Dollars)

Research Programs Unrestricted/Window 3 Personnel costs CRP Collaborator/Partnership costs CGIAR Centers Collaborator/Partnership costs - Others Supplies and services Operational travel Depreciation Total operating expenses Recovery of indirect cost Subtotal $422 32 454 454

Research Support & Operations $ -

2011 Sub-total $422 32 454 454 Management and General $4,582 1,192 438 976 7,188 (6,526) 662 Total $5,004 1,224 438 976 7,642 (6,526) 1,116 2010 $10,889 325 5,956 919 1,897 19,986 (4,254) 15,732

Window 1 & 2 Personnel costs CRP Collaborator/Partnership costs CGIAR Centers Collaborator/Partnership costs - Others Supplies and services Operational travel Depreciation Subtotal Bilateral Restricted Personnel costs CRP Collaborator/Partnership costs CGIAR Centers Collaborator/Partnership costs - Others Supplies and services Operational travel Depreciation Subtotal Challenge Programs Personnel costs CRP Collaborator/Partnership costs CGIAR Centers Collaborator/Partnership costs - Others Supplies and services Operational travel Depreciation Subtotal Total restricted Grand Total

6,293 12,316 189 8,738 617 1,936 30,089 11,892 16,277 14,617 2,665 1,581 47,032 713 526 1,099 123 8 2,469 79,590 $80,044

2,619 2,008 107 830 5,564 5,564 $5,564

8,912 12,316 189 10,746 724 2,766 35,653 11,892 16,277 14,617 2,665 1,581 47,032 713 526 1,099 123 8 2,469 85,154 $85,608

$662

8,912 12,316 189 10,746 724 2,766 35,653 11,892 16,277 14,617 2,665 1,581 47,032 713 526 1,099 123 8 2,469 85,154 $86,270

10,590 12,928 11,994 2,644 1,279 39,435 597 319 786 128 316 2,146 41,581 $57,313

Personnel costs CRP Collaborator/Partnership costs CGIAR Centers Collaborator/Partnership costs - Others Supplies and services Operational travel Depreciation Subtotal Recovery of indirect cost Grand Total

$19,320 12,316 16,992 24,486 3,405 3,525 80,044 $80,044

$2,619 2,008 107 830 5,564 $5,564

$21,939 12,316 16,992 26,494 3,512 4,355 85,608 $85,608

$4,582 1,192 438 976 7,188 (6,526) $662

$26,521 12,316 16,992 27,686 3,950 5,331 92,796 (6,526) $86,270

$22,076 13,572 18,736 3,691 3,492 61,567 (4,254) $57,313

- 27 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 4

INTERNATIONAL RICE RESEARCH INSTITUTE INDIRECT COST CALCULATION (All amounts in thousand US Dollars)
December 31 2011 Research expenses excluding CRP Collaborators/Partnership Costs-CGIAR Centers Institutional costs Total Cost Ratios Indirect/Direct $66,766 7,188 $73,954 10.77% 2010 $50,711 6,602 $57,313 13.02%

- 28 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 5

INTERNATIONAL RICE RESEARCH INSTITUTE EUROPEAN COMMUNITY FUNDING STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand)

Programme Improving Productivity and Resource Efficiency of Rice Production Systems through a Global, Demand-Driven R & D Program

Grant period

Grant Pledged In EUR In USD

2011 In EUR In USD

Budget Balance In EUR In USD

01/01/1131/12/13

3,000

3,882

328

425

2,672

3,457

- 29 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 6

INTERNATIONAL RICE RESEARCH INSTITUTE GERMAN UNRESTRICTED CONTRIBUTION CONTRACT NO. 81137652; PROJECT NO. 10.7860.9-001.00 STATEMENT OF EXPENDITURES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand)

Particulars Theme 1. Harnessing Genetic Diversity to Chart New Productivity, Quantity and Health Horizons. (Product Line 1.1 Ex Situ Conversation and Dissemination of Rice Germplasm and Product Line 1.2 Characterizing Genetic Diversity and Creating Novel Gene Pools) Personnel Costs Operations Administrative Costs Total

In Euro

TOTAL

In USD

236 182 50 468

309 239 66 614

- 30 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 7 Page 1 of 6

INTERNATIONAL RICE RESEARCH INSTITUTE CGIAR RESEARCH PROGRAM (CRP) SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
CRP 3.3 GLOBAL RICE SCIENCE PARTNERSHIP (GRiSP) EXPENDITURE REPORT

Window 1 &2 Personnel Collaborator/Partnership costs - Others Supplies and services Operational travel Depreciation Direct costs Indirect costs Total Expenses $8,427 145 9,599 679 2,766 21,616 390 $22,006

Window 3 & Bilateral Funding $12,296 16,803 10,782 2,733 853 43,467 4,827 $48,294

Total Funding $20,723 16,948 20,381 3,412 3,619 65,083 5,217 $70,300

- 31 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 7 Page 2 of 6

INTERNATIONAL RICE RESEARCH INSTITUTE CGIAR RESEARCH PROGRAM (CRP) SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
CRP 3.3 GLOBAL RICE SCIENCE PARTNERSHIP (GRiSP) FUNDING REPORT

Receipts Disbursements Fund Balance

Window 1&2 $21,451 22,006 ($555)

- 32 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 7 Page 3 of 6

INTERNATIONAL RICE RESEARCH INSTITUTE CGIAR RESEARCH PROGRAM (CRP) SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
CRP 7 CLIMATE CHANGE, AGRICULTURE AND FOOD SECURITY EXPENDITURE REPORT

Personnel Collaborator/Partnership costs - Others Supplies and services Operational travel Direct costs Indirect costs Total Expenses

Window 1 &2 $30 44 73 24 171 34 $205

Window 3 & Bilateral Funding $57 29 35 121 7 $128

Total Funding $87 44 102 59 292 41 $333

- 33 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 7 Page 4 of 6

INTERNATIONAL RICE RESEARCH INSTITUTE CGIAR RESEARCH PROGRAM (CRP) SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
CRP 7 CLIMATE CHANGE, AGRICULTURE AND FOOD SECURITY FUNDING REPORT

Window 1&2 Receipts Disbursements Fund Balance $297 205 $92

- 34 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 7 Page 5 of 6

INTERNATIONAL RICE RESEARCH INSTITUTE CGIAR RESEARCH PROGRAM (CRP) SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
CRP 3.3 GLOBAL RICE SCIENCE PARTNERSHIP (GRiSP) EXPENDITURE REPORT - LEAD CENTER

Natural Classification Personnel costs CRP Collaborator/Partnership costs - CGIAR Centers Collaborator/Partnership costs Others Supplies and services Operational travel Depreciation Direct costs Indirect costs Total Expenses

Window 1 &2 $12,378 914 13,201 1,387 4,422 32,302 2,020 $34,322

Window 3 & Bilateral Funding $17,204 20,002 14,173 3,853 1,427 56,659 6,199 $62,858

Center Funds $ $ -

Total Funding $29,582 20,916 27,374 5,240 5,849 88,961 8,219 $97,180

- 35 IRRI AnnuAl RepoRt 2011

Audited FinAnciAl StAtementS 2011

Exhibit 7 Page 6 of 6

INTERNATIONAL RICE RESEARCH INSTITUTE CGIAR RESEARCH PROGRAM (CRP) SUPPLEMENTARY SCHEDULES FOR THE YEAR ENDED DECEMBER 31, 2011 (All amounts in thousand US Dollars)
CRP 3.3 GLOBAL RICE SCIENCE PARTNERSHIP (GRiSP) FUNDING REPORT - WINDOW 1 & 2

Description Opening balance Cash receipts from Consortium Total Cash Available Disbursements: Africa Rice CIAT IRRI Total Disbursements Closing Balance

Total $ 31,321

7,323 2,544 21,454 31,321 $ -

- 36 IRRI AnnuAl RepoRt 2011

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