The Centre was successful in achieving an operating surplus of US$ 1.6 million in 2009. The Centre’s total revenue, increased by 11% to US$ 35.25million compared to US$ 31.637 million in the preceding year as a result of increase in grants and other income.The Centre did not operate an overdraft with any of its bankers during the year. The short-term solvency (liquidity) as at 31 December 2009 was 221 days against a bench mark of 90-120 days set by the CGIAR. The long term financial stability (adequacy of reserves) as at 31 December 2009 was 165 days against the CGIAR benchmark of 75-90 days.
Publication year
2010
Authors
Language
English
Keywords
agrovoc, auditing, finance
