DND i legal framework
DNDi North America
(US - 2007)
(CH - 2003) DNDi France (2004)
DNDi LA (BR - 2012)
DNDi Japan (2009)
DNDi (BR - 2008) Fun. DNDi Argentina (2013) DNDi DRC Dem. Rep. of Congo
(KE - 2006)
DNDi India (2009)
DNDi South East Asia (Penang)
DNDi Latin America
Office purpose Regional Office
(country & year of set up)
Legal form and relationship to DNDi Foundation Liaison Office Independent Legal Entity Branch / Representative office
Convention / Grant agreement Branch / Rep office
Project Support Office
This entity was named Fundacion DNDi Argentina “Iniciativa medicamentos para enfermidades olvidadas” with a legal status to operate in Argentina under AFIP and IGJ regulations. In addition, a legal entity was set up in France in September 2004 in the form of a not-for-profit association.
b) Scope of the financial statements
The scope of the financial statements of DNDi includes all the offices presented under 1.c) above, which are controlled by DNDi. Some are separate legal entities. These financial statements present all activities of the Foundation and the controlled offices.
2 SIGNIFICANT ACCOUNTING POLICIES
a) Statement of compliance
The financial statements have been prepared in accordance with the statutes and by-laws of DNDi, the applicable provisions of the Swiss Code of Obligations and Swiss GAAP FER. They include: a) Balance sheet b) Statement of operations (activity based method) c) Funds flow statement d) Statement of changes in capital e) Notes, and f) Performance Report. The financial statements have been prepared on a historical cost basis. The principal accounting policies are set forth below.
c) Social mission expenditure
Social mission expenditures represent expenses made according to the purposes defined in Article 5 of the DNDi statutes. They are defined in the present general notes under point 1.a) Legal aspects. Research & development, strengthening existing capacities, and advocacy are the three chapters that comprise ‘social mission expenditure’.
d) Functional currency
The Board of DNDi has determined that the assets, liabilities, and operations should be measured using EUR as the functional currency. The environment in which the entity primarily generates and expends cash determines this decision. All amounts presented in the financial statements are stated in EUR, except when specified otherwise.
DNDi Annual Report 2015 › 73