yayasan wahana visi indonesia -...

Financial Statements With Independent Auditor‟s Report

YAYASAN WAHANA VISI INDONESIA

As of September 30, 2015 and 2014 (Rupiah Currency)

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TABLE OF CONTENTS

Page

Independent Auditors’ Report

Financial Statements

Statement of Financial Position 1 - 2 Statement of Activities 3 Statement of Changes in Net Assets 4 Statement of Cash Flows 5 Notes to Financial Statements 6 - 19

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Opinion

INDEPENDENT AUDITOR’S REPORT

No: A16/YWVI/AUNI/1909

Board of Advisors, Board of Managements, and Board of Supervisors

YAYASAN WAHANA VlSI INDONESIA

We have audited financial statements of Yayasan Wahana Visi Indonesia (the “Foundation”),

which comprise statement of financial position as of September 30, 2015 and 2014, and the

statement of activities, and cash flows for the years then ended, and 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 Indonesian Financial Accounting Standards, 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.

Auditor’s responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We

conducted our audit in accordance with Standards on Auditing established by the Indonesian

Institute of Certified Public Accountants. 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 auditor‟s

judgment, including the assessment of the risks or material misstatement of the financial

statements, whether due to fraud or error. In making those risk assessments, the auditor considers

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 no 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 reasonable 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.

Opini In our opinion, the accompanying financial statements present fairly, in all material respect, the financial position of Yayasan Wahana Visi Indonesia as of September 30, 2015 and 2014 and result of its activities and cash flows for the years then ended, in accordance with Financial Accounting Standards in Indonesia. RAMA WENDRA Registered Public Accountants N. Rama Gautama, CPA, CIA, ICVS Registered Public Accountant AP. 0344

March 15, 2016

NOTICE TO READERS

The accompanying financial statements are intended to present the financial positions, result of activities, changes in net assets and cash flows in accordance with financial accounting standards in Indonesia and not those of any other countries and jurisdiction. The standards, procedures and practices to audit such financial statements are those issued by Indonesian Institute of Certified Public Accountants.

Statement of Financial Position



See accompanying notes to the financial statements which are an integral part of the financial statements taken as a whole

1

Notes 2015 2014

ASSETS

CURRENT ASSETS

Cash and cash equivalent 2b,4 12,233,383,944 13,391,376,925

Prepayment 6 4,144,579,538 5,068,780,321

Advances 50,403,500 29,078,500

Total Current Assets 16,428,366,982 18,489,235,746

NON-CURRENT ASSETS

Property and equipment (net of

accumulated depreciation

of Rp7,939,614,164 in 2015

and Rp4,892,465,132 in 2014 2f,7 34,423,038,100 34,026,624,214

Account Receivable for Employee

Benefit 2h,5

11,145,453,650 11,589,920,750

Other assets 16,505,500 50,910,942

Total Non-Current Assets 45,584,997,250 45,667,455,906

TOTAL ASSETS 62,013,364,232 64,156,691,652

Statement of Financial Position




2

Notes 2015 2014

LIABILITIES AND

SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES

Due to related party 2e,8 7,296,754,641 5,101,772,775

Taxes payable 9 244,305,400 300,060,339

Other payable 4,034,981 -

TOTAL CURRENT LIABILITIES 7,545,095,022 5,401,833,114

NON-CURRENT LIABILITIES

Employee benefits obligation 2h,10 11,145,453,650 11,589,920,750

TOTAL NON-CURRENT

LIABILITIES 11,145,453,650 11,589,920,750

TOTAL LIABILITIES 18,690,548,672 16,991,753,864

NET ASSETS

Temporary restricted 2d,11 43,317,815,560 47,159,937,788

Permanently restricted 2d,11 5,000,000 5,000,000

Total Net Asset 43,322,815,560 47,164,937,788

TOTAL LIABILITIES AND

NET ASSETS 62,013,364,232 64,156,691,652

Statement of Activities


For the Years Ended September 30, 2015 and 2014 (Rupiah Currency)


3

Notes 2015

Temporary

Restricted

2015

Permanently

Restricted

Total

REVENUES

Contribution 2c,12 163,725,907,646 - 163,725,907,646

Over( under) expected income 2c,12 (4,068,535,610) - (4,068,535,610)

Total Revenues 159,657,372,036 - 159,657,372,036

EXPENDITURES

DIRECT COST

Program service expenses 2c,13 131,836,237,721 - 131,836,237,721

INDIRECT COST

Management and general 2c,14 27,716,504,352 - 27,716,504,352

Fundraising 2c,14 3,946,752,191 - 3,946,752,191

Total Expenditures 163,499,494,264 - 163,499,494,264

CHANGE IN NET ASSETS (3,842,122,228) - (3,842,122,228)

NET ASSETS AT THE BEGINNING

OF THE PERIOD

47,159,937,788 5,000,000 47,164,937,788

NET ASSETS AT THE END OF

PERIOD

43,317,815,560 5,000,000 43,322,815,560

Statement of Changes in Net Assets


For the Years Ended September 30, 2015 and 2014 (Rupiah Currency)


4

Notes 2014

Temporary

Restricted

2014

Permanently

Restricted

Total

REVENUES

Contribution 2c,12 193,981,769,719 - 193,981,769,719

Over( under) expected income 2c,12 1,362,022,478 - 1,362,022,478

Total Revenues 195,343,792,197 - 195,343,792,197

EXPENDITURES

DIRECT COST

Program service expenses 2c,13 141,062,600,554 - 141,062,600,554

INDIRECT COST -

Management and general 2c,14 27,715,799,931 - 27,715,799,931

Fundraising 2c,14 3,845,414,421 - 3,845,414,421

Total Expenditures 172,623,814,906 - 172,623,814,906

CHANGE IN NET ASSETS 22,719,977,291 - 22,719,977,291

NET ASSETS AT THE BEGINNING

OF THE PERIOD

24,439,960,497 5,000,000 24,444,960,497

NET ASSETS AT THE END OF

PERIOD

47,159,937,788 5,000,000 47,164,937,788

Statement of Cash Flows


For the Years Ended September 30, 2015 and 2014 (Expressed in Rupiah)


5

2015 2014

CASH FLOWS FROM OPERATING ACTIVITIES

Change in net assets (3,842,122,228) 138,029,023

Adjustment to reconcile change in net assets to net cash provided by operating activities:

Depreciation 3,047,149,032 1,738,930,851

Decrease in account payable - (282,500,771)

Increase in due to related party 2,194,981,866 1,639,166,357

Decrease in account receivable for employee benefit 444,467,100 560,103,000

Decrease (Increase) in advance (21,325,000) 8,399,447

Increase (Decrease) in tax payable (55,754,939) (43,130,066)

(Increase) Decrease in other assets 34,405,442 (21,998,022)

Increase (Decrease) in prepayments 924,200,783 (801,981,575)

Increase in employee benefit obligation (444,467,100) (560,103,000)

Increase in other payable 4,034,981 -

Net Cash Used in Operating Activities 2,285,569,937 2,374,915,244

CASH FLOWS FROM INVESTING ACTIVITIES

Acquisition of fixed assets (3,443,562,918) (3,736,447,718)

Net Cash Used in Investing Activities (3,443,562,918) (3,736,447,718)

NET INCREASE (DECREASE) IN CASH AND BANKS (1,157,992,981) (1,361,532,474)

CASH AND CASH EQUIVALENT

AT BEGINNING OF YEAR 13,391,376,925 14,752,909,399

CASH AND CASH EQUIVALENT AT END OF YEAR 12,233,383,944 13,391,376,925

Notes to Financial Statements



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1. GENERAL

Yayasan Wahana Visi Indonesia (The Foundation) formerly named as Yayasan World Vision Indonesia was established based on Notarial Deed No. 23 dated March 22, 1995 of Maria K. Soeharyo. S.H. The Foundation‟s article of association has amended several times. The latest one through deed No. 27 dated July 31, 2008 of Sri Kusumastuti, S.H., concerning to the changes in initial contribution from Rp5,000,000 to Rp1,434,092,688.

Yayasan Wahana Visi Indonesia is a Christian humanitarian organization working to create lasting change in the lives of children, families and communities living in poverty that inspired by Christian value. Yayasan Wahana Visi Indonesia is dedicated to working with the world‟s most vulnerable people, and serves all people regardless of religion, race, ethnicity or gender.

The Foundation serves approximately two million peoples across the nation. The Foundation were present in more than 662 villages throughout the province of North Sumatera, Jakarta, East Java, West Kalimantan, East Nusa Tenggara, Central Sulawesi, North Maluku and Papua.

The Foundation uses transformational approach believing that poverty reduction is not enough. The Foundation work through Area Development Programs, or ADPs, which are 10 - 15 years in length; each ADP seeking to sustain the well being of children, within families and communities, especially the most vulnerable. Through 51 ADPs Yayasan Wahana Visi Indonesia came closer to their dream that child should enjoy life in all its fullness.

The true measure of a nation„s standing is how well it attends to its children - their health and safety, their material security, their education and socialization, and their sense of being loved, valued and included in the families and societies in which they were born. Hence, The Foundation‟s programs are focus on children, especially the 84.109 children sponsored.

The Foundation National Office is located at Jl. Graha Bintaro Blok GB/GK 2 No.09, Pondok Aren, Tangerang Selatan15228, Indonesia.

Based on extraordinary general management meeting signed on September 22, 2014 which was notarized by the deed No.3 drawn up before Aloysius Maria Jasin, S.H., dated October 03, 2014 and deed No. 16 of Sri Kusumastuti, S.H., on October 18, 2013.

The Members of The Foundation‟s Board of Advisors, Board of Management, and Board of Supervisors as of September 30, 2015 and 2014 are as follow:

Board of Advisors

Chief Sasmito Dirjo Sasmito Dirjo

Member Frieda Mangunsong Siahaan Frieda Mangunsong Siahaan

Member Trihadi Saptoadi Trihadi Saptoadi

Member PDT. Esther Mariani, MSI PDT. Esther Mariani, MSI

Member Ir. Tjahjono Soerjodibroto Ir. Tjahjono Soerjodibroto

Member Francisia Saveria S. Seda Francisia Saveria S. Seda

Member Frans Lumury Frans Lumury

Member Yozua Makes. S.H Yozua Makes. S.H

Member - Septemmy Lakawa

Board of Management

Chief Grace A. D. Hukom Grace A. D. Hukom

Secretary Damianus Hendri A. Damianus Hendri A.

Treasurer Febi Mustika Maria Sebayang Febi Mustika Maria Sebayang

Member dr. Amsal Ginting dr. Amsal Ginting

Member Pricilla Christin Pricilla Christin

Member Thomas A. Setyoso Thomas A. Setyoso

Member Ir. Rachel Ir. Rachel

Member Prana Ningrum Prana Ningrum

Board of Supervisors

Chief Daniel F. Iskandar Daniel F. Iskandar

Member Drs. Ruddy Koesnadi Drs. Ruddy Koesnadi

Member Hadi Purnama Wdjaja Oei Hadi Purnama Wdjaja Oei




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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the financial accounting standards in Indonesia. The financial statements are prepared under the accrual basis using the historical cost concept. The statement of cash flows is prepared using the indirect method. The statement of cash flows presents the changes in cash and banks from operating, investing and financing activities.

b. Cash and cash equivalents

Cash and cash equivalents are consist of cash and bank, not used as collateral.

c. Revenues and expenditures

Revenue is recognized when fund are utilized to carry out activities. Expenditures are recognized when they incurred.

d. Net assets

Based on PSAK No.45 regarding accounting for non-for-profit organization, net assets are divided into 3 (three) types: permanently restricted, temporarily restricted and unrestricted. 1. Permanently restricted means restriction of using resources which decided by donor in order

that resources defensible permanently, yet organization permissible to use partly or all of the income or other economic benefit which comes from that resources.

2. Temporarily restricted means restriction of using resources which decided by donor in order

that resources defensible permanently until certain period or until certain condition completed.

3. Unrestricted means resources which its use has no limitation for certain aim by donor.

e. Transactions with Related Parties The Organization has transactions with entities, which are regarded as having a special relationship as defined under Statement of Financial Accounting Standards (PSAK) No.7 “Related Party Disclosures” such related parties being defined as follows:

1. An enterprise that, through one or more intermediaries, control, or is controlled by, or is under

common control with, the reporting enterprise (including holding companies, subsidiaries and fellow subsidiaries);

2. Associated companies;

3. Individuals owning, directly or indirectly, an interest in the voting power of the reporting

enterprise that gives them significant influence over the enterprise, and close members of the family of any such individual (close members of a family are defined as those members who are able to exercise influence or can be influenced by such individuals, in conjunction with their transactions with the Organization);




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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

e. Transactions with Related Parties (Continued) 4. Key management personnel, that is, those persons having authority and responsibility for

planning, directing and controlling the activities of the reporting enterprise, including commissioners, directors and managers of the enterprise and close members of the families of such individuals; and

5. Enterprises in which a substantial interest in the voting power is owned, directly or indirectly,

by any person described in (3) or (4) or over which such a person is able to exercise significant influence. This definition includes enterprises owned by the commissioners, directors or major stockholders of the reporting enterprise and enterprises that have a member of key management in common with the reporting enterprise.

All significant transactions with related parties are disclosed in the notes to the financial statements.

f. Fixed assets Fixed assets are stated at cost less accumulated depreciation. Depreciation is computed using a straight line method over the estimated useful lives of the assets.Depreciation rates are as follows:

Years

Building 20 years Office Equipment 2 years

Computer 2 years

Vehicles 5 years

The cost of maintenance and repairs is charged to statements of income as incurred; significant renewal and betterments are capitalised. When assets are retired or otherwise disposed of, their carrying values and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in the statements of income for the year. The Organization conducts a review to determine whether there is any indication of assets impairment at the end of the year, in accordance with PSAK No.48. “Impairment of Assets Value”, if any such indication exists; the Organization estimates the recoverable value of their assets and recognises the impairment in assets value as a loss in the statements of income.

g. Foreign Currency Transactions and Balances The management of Yayasan Wahana Visi Indonesia has determined that the functional currency of its office is the Rupiah. Transactions during the year involving foreign currencies are recorded at the rates of exchange prevailing at the time the transactions are made. Exchange gains and losses arising on transactions in foreign currency and on the translation of foreign currency monetary assets and liabilities are recognised in the income statements.




9


h. Estimated Liabilities on Employee Benefits

The Foundation recognized employee benefits liability in accordance with Labor Law No. 13/2003 dated March 25, 2003 (“the Law”) and PSAK No. 24 (Revised 2013), “Employee Benefits”. This statement requires The Foundation to provide all employee benefits under formal and informal plans or agreements. Under legislative requirements or through industry arrangements, including post- employment benefits, short-term and other long term employee benefits, termination benefits and equity compensation benefits. Based on PSAK No. 24 (Revised 2013), the calculation of estimated liability of employee benefits based on the Law is determined using the “Projected Unit Credit” method. Actuarial gains and losses are recognized as income or expense when the net cumulative unrecognized actuarial gains and losses for each individual plan at the end of the previous reporting year exceeded the greater of 10% of the present value of the defined benefit obligation or the fair value of any plan assets at that date. These gains or losses are recognized on a straight-line basis over the expected average remaining working lives of The Foundation‟s employees. Past-service costs arising from the introduction of a defined benefit plan or changes in the benefit payable of an existing plan are required to be amortized over the period until the benefits concerned become vested.

The Accounting Standard Board of the Indonesian Institute of Accountants (”DSAK-IAI”) has approved the revision of Statement of Financial Accounting Standards (”PSAK”) No. 24 concerning ”Accounting for Employee Benefit Costs”. PSAK 24 (Revised 2013) provides guidance for various types of employee benefit amongst others, consist of : short-term employee benefit, other long-term employee benefits and termination benefits.

Termination benefits are payable whenever an employee‟s employment is terminated before the normal retirement date. The Organization recognises termination benefits when it is demonstrably committed to terminate the employment of current employees.

i. Financial instrument

The Foundation has applied PSAK No. 50 (Revised 2014), “Financial Instruments: Presentation”, and PSAK No. 55 (Revised 2014), “Financial Instruments: Recognition and Measurement”, and PSAK No. 60 (Revised 2014), “Financial Instruments: Disclosure”

1. Financial Assets Initial recognition

Financial assets are recognised initially at fair value plus transaction costs, except for those financial assets classified as at fair value through profit or loss which are initially measured at fair value. Financial assets are classified as financial assets at fair value through profit or loss (FVTPL), held-to-maturity investments (HTM), loans and receivables or available-for-sale financial assets (AFS). The Foundation determines the classification of their financial assets at initial recognition and, where allowed and appropriate, re-evaluates the designation of such assets at each interim statement of financial position date.




10


i. Financial Instruments (Continued) 1. Financial Assets (Continued)

Subsequent measurement

The subsequent measurement of financial assets depends on their classification as follows: Financial assets at fair value through profit or loss (FVTPL)

Financial assets are classified as at FVTPL where the financial assets are either held for trading or they are designated as FVTPL at initial recognition. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivative assets are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets at FVTPL are carried in the statement of financial position at fair value with gains or losses recognised in the statements of comprehensive income. The gains or losses recognised in the statements of comprehensive income include any dividend or interest earned from the financial assets.

Held-to-maturity (HTM) investments Non-derivative financial assets with fixed or determinable payments and fixed maturities are classified as HTM when the Foundation has the positive intention and ability to hold them to maturity. After initial measurement, HTM investments are measured at amortised cost using the effective interest method less any impairment. Gains and losses are recognised in the interim statements of comprehensive income when the investments are derecognised or impaired, as well as through the amortisation process.

Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Such financial assets are carried at amortised cost using the effective interest method, less any impairment. Gains and losses are recognised in the interim statements of comprehensive income when the loans and receivables are derecognised or impaired, as well as through the amortisation process.

Available-for-sale (AFS) financial assets AFS financial assets are non-derivative financial assets that are designated as available-for-sale or are not classified in any of the three preceding categories. After initial recognition, AFS financial assets are measured at fair value with unrealised gains and losses being recognised as a component of equity until the financial assets are derecognised or until the financial assets are determined to be impaired at which time the cumulative gains or losses previously reported in equity are included in the interim statements of comprehensive income. These financial assets are classified as non-current assets unless the intention is to dispose such assets within twelve months from the interim statement of financial position date.




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i. Financial Instruments (Continued)

1. Financial Assets (Continued)

Derecognition of financial assets

The Foundation shall derecognise financial assets when, and only when the contractual rights

to the cash flows from the financial asset expire; or the contractual rights to receive the cash

flows of the financial asset are transferred to another entity or the contractual rights to receive

the cash flows of the financial asset are retained but they assume a contractual obligation to

pay the cash flows to one or more recipients in an arrangement that meets certain conditions.

When the Foundation transfers a financial asset, they shall evaluate the extent to which they

retain the risks and rewards of ownership of the financial asset.

2. Financial liabilities and equity instruments

Initial recognition

The Foundation determines the classification of their financial liabilities at initial recognition.

Debt and equity instruments are classified as either financial liabilities or as equity in

accordance with the substance of the contractual arrangement.

Financial liabilities are classified as financial liabilities at fair value through profit or loss, loans

and borrowings, or as derivatives designated as hedging instruments in an effective hedge, as

appropriate. Financial liabilities are recognised initially at fair value and, in the case of loans

and borrowings, inclusive of directly attributable transaction costs.

An equity instrument is any contract that evidences a residual interest in the assets of an

entity after deducting all of its liabilities. Equity instruments issued by the Foundation are

recorded at the proceeds received, net of direct issuance costs.

Compound financial instruments, a bond or similar instrument convertible by the holder into a

fixed number of ordinary shares, are classified separately as financial liabilities and equity in

accordance with the substance of the contractual arrangement. At the date of issuance of

compound financial instruments, the fair value of the liability component is estimated using the

prevailing market interest rate for a similar non-convertible instrument. This amount is

recorded as a liability on an amortised cost basis using the effective interest method until

extinguished upon conversion or at the instruments‟ maturity date. The equity component is

determined by deducting the amount of the liability component from the fair value of the

compound financial instruments as a whole. This amount is recognised and included in equity,

net of income tax effects, and is not subsequently remeasured.




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i. Financial Instruments (Continued)

2. Financial liabilities and equity instruments (Continued)

Subsequent measurement

The subsequent measurement of financial liabilities depends on their classification as follows:

Financial liabilities at fair value through profit or loss (FVTPL)

Financial liabilities at FVTPL include financial liabilities held for trading and financial

liabilities designated upon initial recognition at FVTPL. Financial liabilities are classified as

held for trading if they are acquired for the purpose of selling or repurchasing in the near

term. Derivative liabilities are also classified as held for trading unless they are designated

as effective hedging instruments. Financial liabilities at FVTPL are stated at fair value with

gains or losses recognised in the interim statements of comprehensive income. The gains

or losses recognised in the interim statements of comprehensive income incorporate any

interest paid on the financial liabilities.

Loans and borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured

at amortised cost using the effective interest method. Gains and losses are recognised in

the interim statements of comprehensive income when the liabilities are derecognised as

well as through the amortisation process.

Derecognition of financial liabilities

The Foundation derecognises financial liabilities when, and only when the Foundation‟s

obligations are discharged, cancelled or expire.

3. Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount reported in the interim

statement of financial position if, and only if, there is a currently enforceable legal right to

offset the recognised amounts and there is an intention to settle on a net basis, or to realise

the assets and settle the liabilities simultaneously.

4. Financial instruments measured at amortised cost

Amortised cost is computed using the effective interest method less any allowance for

impairment and principal repayment or reduction. The calculation takes into account any

premium or discount on acquisition and includes transaction costs and fees that are an

integral part of the effective interest rate.




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j. Foreign Currency Transaction and Balances

The Foundation applied PSAK No.10 (Revised 2010), The Effects of Changes in Foreign Exchange Rates‟, which describes how to include foreign operations in the financial statements of an entity and translate financial statements into a presentation currency. Each entity considers the primary indicators and other indicators in determining its functional currency. The Foundation determined that its functional currency is the Indonesian rupiah.

k. Use of Estimates

The preparation of financial statements in conformity with accounting standards requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities disclosures of contingent assets and liabilities at the date of financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

3. WORK PROJECT ACHIEVEMENT

Yayasan Wahana Visi Indonesia received a total (include contribution from local fundraising) of Rp163,725,907,646 and Rp193,981,769,719 (approximately US$11,170,492 and US$15,884,521) in 2015 and 2014.

Yayasan Wahana Visi Indonesia‟s progress towards improving child well-being in Indonesia during fiscal year 2015 (FY15) through contribution to change in our six child well-being priority areas. Priority 1: Nutrition

Based on Evaluation Report (2015), prevalence of wasting in Cawang ADP has been decreased from 15.4% to 6.3% within 5 years of intervention.

120 health workers from five project areas were trained on IYCF counseling

974 mothers or caregivers of children under two years old from six project areas received counselling on IYCF.

402 posyandu were benefited from WV interventions

Priority 2: Prevention of infection, disease and injury

4 ADPs based on Evaluation Report (2005) exceed nationwide average (11.4%) for comprehensive knowledge of HIV and AIDS across amongst youth; but are considerably lower than the national target (95%) suggesting more efforts to increase coverage.

As a result of strong collaboration with community, government and other stakeholders, 12 sub-villages and five villages in our programme areas were declared Open Defecation Free in 2015.

149 Community Health Volunteers completed Facilitator Training on Community-based Total Sanitation using a standardised curriculum.

1893 HH using improved latrine for defecation

3713 HH can access to improved clean water source

515 Community Health Workers/Community Health Volunteers/Peer Educators have completed competency based training course using a standardized curriculum on HIV and AIDS




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3. WORK PROJECT ACHIEVEMENT (Continued)

Priority 3: Education

317 ECCD tutors were trained to apply high stimulating quality activities for the children

406 schools were involved in Creating Learning Communities for Children

312 teachers were trained on Contextual life skills & character education

Priority 4: Adolescent Readiness for Economic Opportunities

42 youth across 10 Area Programmes participated in vocational training

98 youth across eight Area Programmes started their own business in 2015

95 of the most vulnerable youth received scholarships to complete diploma-level education. Scholarships were funded by WV (90%), and external partners (10%).

Priority 5: Loving and safe families and communities

Based on PAPEDA Evaluation Report (2015) proportion of children experiencing physical violence generally decreased significantly from an average of 99% to 34%, verbal violence decreasing from 89% to 38% and psychological violence from 99% to 8% in Papua.

Among 130 advocacy actions taken by WV and communities, 26% has successfully resulted in policy change - revising existing policy and/or enacting local policy and law.

2,163 children were involved in Children's Forum in 30 ADPs Priority 6: Parents or caregivers provide well for their children

5999 adults were involved in household management training (including ASCA) in 30 ADPs

5675 farmers involved in collective marketing across 12 ADPs compared to 3592 farmers in FY 2014 and 1,697 in FY 13

4. CASH AND CASH EQUIVALENTS

This account consists of: 2015 2014

Cash on hand 31,748,000 28,498,000

Cash in banks:

PT Bank Central Asia, Tbk 6,247,498,282 2,006,470,400

PT Bank Mandiri (Persero) Tbk 2,288,358,047 4,301,608,632

PT Bank Negara Indonesia, Tbk 1,855,647,891 940,613,346

PT Bank Rakyat Indonesia (Persero), Tbk 711,375,886 1,990,224,353

PT Bank Papua - 183,874,847

Sub Total Bank 11,102,880,106 9,422,791,578

Deposito:

PT Bank Negara Indonesia, Tbk 596,528,932 2,547,009,566 PT Bank Tabungan Negara 502,226,906 1,393,077,781

Sub Total Deposit 1,098,755,838 3,940,087,347

Total 12,233,383,944 13,391,376,925

Interest on Deposits 0 – 6.5% 0 – 6.5% Time Period 1-12 Bulan 1-12 Bulan




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5. ACCOUNT RECEIVABLE for EMPLOYEE BENEFIT This account consists of severance payment (employee benefit) that will be reimbursed by World Vision International. The balance as of September 2015 and 2014 are Rp11,145,453,650 and Rp11,589,920,750, respectively.

6. PREPAYMENT

This account consists of: 2015 2014

Prepaid rent 4,108,480,523 4,981,914,814

Other 36,099,015 86,865,507

Total 4,144,579,538 5,068,780,321

7. FIXED ASSETS The details of property and equipment are as follows:

2015 Beginning Disposal Ending

Balance Addition (Reclass) Balance

Land 6,674,011,000 - - 6,674,011,000

Building - 2,124,778,501 22,581,948,267 24,706,726,768

Office equipment 1,254,083,280 200,134,650 - 1,454,217,930

Vehicles 5,102,039,000 457,116,500 - 5,559,155,500

Computer 3,307,007,799 661,533,267 - 3,968,541,066

Construction in progress 22,581,948,267 - (22,581,948,267 ) -

Total 38,919,089,346 3,443,562,918 - 42,362,652,264

Accumulated Depreciation

Building - 926,502,254 - 926,502,254

Office equipment 829,228,535 342,460,890 - 1,171,689,425

Vehicles 1,928,578,426 931,831,550 - 2,860,409,976

Computer 2,134,658,171 846,354,338 - 2,981,012,509

Total 4,892,465,132 3,047,149,032 - 7,939,614,164

Net Book Value 34,026,624,214 34,423,038,100


Yayasan Wahana Visi Indonesia


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7. FIXED ASSETS (Continued)

2014 Beginning Disposal Ending

Balance Addition (Reclass) Balance

Land 6,616,250,000 57,761,000 - 6,674,011,000

Office equipment 859,464,280 394,619,000 - 1,254,083,280

Vehicles 2,951,693,000 2,150,346,000 - 5,102,039,000

Computer 2,173,286,081 1,133,721,718 - 3,307,007,799

Construction in progress - 22,581,948,267 - 22,581,948,267

Total 12,600,693,361 26,318,395,985 - 38,919,089,346

Accumulated Depreciation

Office equipment 587,463,269 241,765,266 - 829,228,535

Vehicles 1,258,748,976 669,829,450 - 1,928,578,426

Computer 1,307,322,036 827,336,135 - 2,134,658,171

Total 3,153,534,281 1,738,930,851 - 4,892,465,132

Net Book Value 9,447,159,080 34,026,624,214

The additional land as of September 30, 2014 amounting to Rp57,761,000 represents the land which foundation has purchase from the local community. Originally the purpose of the land and building was to be utilized for local community activities. Currently the land is occupied by Wahana Visi staff to run the projects in Wamena.

Management believes that the carrying values of all assets are fully recoverable, and there is no indication of impairment, hence, no write down for impairment in asset values is necessary.

8. DUE TO RELATED PARTY

This account represents reimbursement for expenses paid by World Vision International amounting to Rp7,296,754,641 and Rp5,101,772,775 as of september 30, 2015 dan 2014.

The amount due to related party is non-interest bearing, unsecured by any collateral and has no fixed repayment date.

9. TAX PAYABLE

This account consists of:

2015 2014

Article 21 158,990,232 178,727,679

Article 23 24,262,390 89,720,037

Article 4 ayat 2 61,052,778 31,612,623

Total: 244,305,400 300,060,339




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10. EMPLOYEE BENEFIT

The Foundation calculated and records estimated severances for its qualifying employees. The estimated severances are calculated in accordance with Law No. 13 Year 2003.

Amount recognized in income in respect of these severances consist of:

2015 2014

Current service cost 4,444,739,508 3,507,686,691

Interest cost: - -

Total: 4,444,739,508 3,507,686,691

Analysis of estimated liabilities for employee‟s benefits as of September 30, 2015 and 2014 consist of:

2015 2014

Provision in beginning of the year 11,589,920,750 12,150,023,750

Payment in the current year (4,889,206,608) (4,067,789,691)

Provision in current year 4,444,739,508 3,507,686,691

Total: 11,145,453,650 11,589,920,750

Assumptions:

Normal retirement age 60 years Project rate of salary increase 3% - 5%

11. NET ASSETS

Net assets of the Foundation are classified as “Restricted” and “Temporary Restricted”. Restricted net assets of Rp5,000,000 and Rp5,000,000 as of September 30, 2015 and 2014, and the temporary restricted net assets of Rp43,317,815,560 and Rp47,159,937,788 as of September 30, 2015 and 2014, respectively, is restricted for funding the project activities.

12. REVENUES

This account consists of:

2015 2014

Contribution

Receipts from World Vision and other grants 135,009,197,794 174,722,814,711

Income from local fundraising 28,716,709,852 19,258,955,008

Total Contribution 163,725,907,646 193,981,769,719

Other Income

Interest on investment 319,244,537 271,187,741

Income on asset sales 16,657,003 3,500,000

Net income clearing account (4,404,437,150) 1,087,334,737

Over/under expected income (4,068,535,610) 1,362,022,478

Total Revenues 159,657,372,036 195,343,792,197




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13. DIRECT COST This account consists of:

2015 2014

Program Services Expenses

Ministry supplies 57,067,406,145 66,166,261,584

Salaries 48,478,389,460 45,330,597,494

Travel 13,054,940,374 14,856,810,149

Benefits 5,275,341,552 7,522,573,494

Training 4,106,414,630 4,266,696,450

Project expenses 3,853,745,560 2,246,599,133

Capital expenditures - 669,829,450

Overseas Ministry Expenses - 3,232,800

Total Program Services Expenses 131,836,237,721 141,062,600,554

14. INDIRECT COST

Indirect cost for the years ended September 30, 2015 and 2014:

2015 2014

Management & General

Occupancy 6,199,418,421 6,811,176,126

Technical Support Cost 4,286,538,420 7,013,292,343

Consultancy 3,363,288,898 1,790,236,645

Communication and postage 3,112,180,230 3,093,626,462

Depreciation 3,047,149,032 1,738,930,851

Office equipment 2,393,746,086 2,099,524,500

Hospitality 1,894,793,389 2,093,847,666

Office supplies 1,709,503,008 1,948,404,616

Fees and taxes 1,007,820,846 686,347,045

Printing 654,404,022 368,261,729 Advertising 47,662,000 72,151,948

Total Management & General 27,716,504,352 27,715,799,931

Fundraising

Salaries 2,544,054,304 2,211,421,622

Travel 414,904,607 396,986,158

Telephone postage 334,441,152 349,308,486

Benefits 221,508,492 255,145,850

Supplies 166,665,507 105,555,262

Fees & taxes 17,327,483 55,524,081

Hospitality 13,871,433 108,952,881

Advertising 108,800 535,000

Other 233,870,413 361,985,081

Total Fundraising 3,946,752,191 3,845,414,421

Total Indirect Costs 31,663,256,543 31,561,214,352




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15. SUBSEQUENT EVENT Based on general management meeting which was notarized by the deed No.47 drawn up before Aloysius Maria Jasin, S.H., dated October 30, 2015 the foundation has changed the composition of its Board of Advisors, Board of Management, and Board of Supervisors as follows:

Board of Advisors

Chief Drs. Ruddy Koesnadi

Member Pdt. Ester Mariani, M. Si.

Member Francisia Saveria Sika Seda

Member Frans Lamury

Member Miryam Saravasti Vinanta Nainggolan

Member Hadi Purnama Widjaja, OEI

Member Sebastianus Sumarsono

Board of Management

Chief Firmanningtyas Agnes Wulandari Chris Timoty

Secretary David Andre Ardhani Kamal

Treasurer Diana Wulansari

Member Charles Sinaga

Member Irene Cristina Rosetty

Board of Supervisors

Chief Jones Guntur Tampubolon

Member Daniel Faisal Iskandar

16. RESPONSIBILITY OF THE FINANCIAL STATEMENTS PREPARATION The management of the Foundation is responsible for the preparation of the financial statements completed on March 15, 2016.

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