AVINA IN NUMBERS

SUMMARIZED FINANCIAL STATEMENTS
BALANCED SCORECARD
FEEDBACK FROM PARTNERS
AVINA EVALUATES ITSELF

Disbursements in Latin America

The following figure indicates AVINA’s total disbursements since 1994 and their distribution by country.

Total Grants

2008 Grants

 

 


For the second year our annual report includes the report of the independent auditor (PricewaterhouseCoopers) on the summarized consolidated financial statements derived from the consolidated financial statements prepared by AVINA’s management according to International Financial Reporting Standards.

The audit of consolidated financial statements is augmented by an internal auditing service provided by KPMG. This includes a review of various administrative aspects in the countries where AVINA operates, the results of which are presented to the Board of Directors’ Audit and Risk Committee.

AVINA’s Sources of Funding

Activities developed by AVINA in 2008 were financed by the VIVA Trust. AVINA also entered into co-investment alliances in areas of shared strategy with institutional partners. In December AVINA signed an agreement with the Bill & Melinda Gates Foundation and received funds to be administered on behalf of an alliance to strengthen and expand the movement of collectors of recyclable materials in Latin America and thereby encourage their economic and social inclusion. The agreement involves an annual contribution of USD 1 million over a five-year period, for which AVINA will provide counterpart funding of USD 1.25 million. AVINA also established a partnership with the Inter-American Development Bank to develop an online database of philanthropic organizations from Latin America, Europe and the United States that invest in Latin America. It will be known as the Latin America Donor Index and launches in April of 2009.

Financial contributions in 2008 to AVINA activities:

VIVA Trust   
USD 36.880.000
Gates Foundation
USD 1.000.000
Other sources 
USD 147.000
Total
USD 38.027.000

Social investments in Latin America since 1994

COUNTRY
TOTALS (*)
2008 (*)
Argentina
25,409
1,389
Bolivia
5,892
378
Brazil
31,998
3,627
Chile
17,005
943
Colombia
1,774
507
Ecuador
3,850
350
Central American Countries and Mexico
12,324
231
Paraguay
17,187
366
Peru
12,822
615
Uruguay
1,072
202
Venezuela
956
1
More than one country
186,888
9,069
TOTAL
317,177
17,678
(*) Figures in thousands of USD
The (above) figure shows the accumulated investment in each country when they refer to a single country. When an AVINA investment has an impact in two or more countries, it is classified under “More than one country.”
   
 

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