Financial Report 2013-2014
Over the 2013-14 fiscal year, FRI managed the resources entrusted to us by our donors to deliver invaluable services to African broadcasters and small-scale farmers, with impressive, measurable results. An audit of our year-end financial statements was conducted by Deloitte LLP in Ottawa, in accordance with Canadian standards. The statements reveal a year of unparalleled growth in revenue and activity. The total revenues for the year exceeded $4.96 million, up from $2.91 million in the previous year — growth of 70 per cent. Program expenditures rose from about $2.36 million over 2012-13 to $4.25 million in 2013-14 — growth of 80 per cent. We had unrestricted net assets of $188,030 at the end of March 2014.
For the full annual report for 2013-2014 please visit this page.