Audit report on the financial statements as of December 31st, 2020

The audit by Mazars Austria GmbH concludes that the financial statements of Sustainable Energy for All (SEforALL) for the 2020 fiscal year present a true and fair view of its assets and financial performance in accordance with Austrian Generally Accepted Accounting Principles and the Austrian Association Act. SEforALL reported total assets of $22,870,759 and total income of $10,391,612 for the period. The auditor found no material weaknesses in internal controls or doubts regarding the organisation's ability to continue as a going concern.

• The auditor issued an unqualified opinion, stating that the financial statements for the fiscal year from January 1st, 2020 to December 31st, 2020 were prepared in accordance with legal regulations and present fairly the assets, financial position, and financial performance of the organisation.
• As of December 31, 2020, SEforALL's total assets were $22,870,759, an increase from $9,097,518 on December 31, 2019. This includes current assets of $22,827,349 and fixed assets of $43,409.
• The organisation's total income for the period from January 1 to December 31, 2020, was $10,391,612, compared to $10,551,418 in 2019. Total expenses for the same period were $10,661,927.
• SEforALL reported a significant increase in deferred income, rising from $8,899,010 in 2019 to $22,301,473 in 2020. Major contributors to this deferred income include The Rockefeller Foundation ($6,713,849), Stichting IKEA Foundation ($5,431,082), and GIZ GmbH ($3,805,249).
• Personnel expenses for 2020 totaled $6,360,399, with salaries and wages accounting for $6,337,102. The organisation had an average of 47 occupied staff positions in 2020, up from 38 in 2019.
• The organisation's receivables include $1.46 million as 'Cash at managers' and $15.0 million in debtors representing contracted commitments not yet received, of which $7.7 million is expected in 2022 and beyond.
• The auditor found no evidence of material weaknesses in internal controls over financial reporting, nor any facts suggesting the organisation cannot continue as a going concern.
• In response to the COVID-19 crisis, SEforALL shifted priorities toward 'Powering Healthcare' and creating synergies between SDG7 and the health and economic crises.

APA

Sustainable Energy for All (n.d.). Audit report on the financial statements as of December 31st, 2020. https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf

Chicago

Sustainable Energy for All. Audit report on the financial statements as of December 31st, 2020. n.d. https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Audit report on the financial statements as of December 31st, 2020 |url=https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforallndaudit, author = {{Sustainable Energy for All}}, title = {{Audit report on the financial statements as of December 31st, 2020}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2021-06/SEforALL-fin-2020.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }