Report on the Audit of the Financial Statements for the financial year ended 31 December 2017

This document is an audit report and the accompanying financial statements for Sustainable Energy for All (SEforALL) for the financial year ending 31 December 2017, conducted by KPMG Austria GmbH.

• KPMG Austria GmbH issued an unqualified audit opinion, stating that the financial statements for the year ended 31 December 2017 present fairly, in all material respects, the financial position and performance of Sustainable Energy for All in accordance with voluntarily applied Austrian Generally Accepted Accounting Principles.
• For the financial year 2017, SEforALL reported total revenue of $8,493,812.99, consisting of non-earmarked and earmarked contributions. Total expenses for the same period were $8,507,730.01, resulting in a net operating income of $0.00.
• The organization's total assets as of 31 December 2017 were $5,367,309.60, which included $5,322,945.58 in current assets and $44,364.02 in total fixed assets. Total liabilities due within one year amounted to $5,277,273.60.
• SEforALL is registered in Austria as a Quasi-International Organisation (QIO). Because of this status, it is exempt from the Austrian Association Act, though it voluntarily prepares its financial statements in accordance with the rules of the Austrian Associations Act and the Austrian Commercial Code (UGB).
• The audit found no evidence of material weaknesses in internal controls over financial reporting, no indications of non-compliance with Austrian law or the organization's statutes, and no substantial doubt regarding the organization's ability to continue as a going concern.
• In 2017, SEforALL had an average of 26.4 occupied staff positions. The organization also received contributions in-kind valued at $0.9 million relating to six staff members seconded to SEforALL by other entities.
• The organization's governance structure in 2017 included an Administrative Board, a Chief Executive Officer, and an independent Audit function. The membership of the organization was dissolved in February 2017 to simplify governance.
• On 6 March 2018, following the balance sheet date, SEforALL signed a donor agreement for 25 million Swedish Kronor, equivalent to $3,034,717.

APA

Sustainable Energy for All (2018). Report on the Audit of the Financial Statements for the financial year ended 31 December 2017. https://www.seforall.org/system/files/gather-content/Sustainable-Energy-for-All_fin17.pdf

Chicago

Sustainable Energy for All. Report on the Audit of the Financial Statements for the financial year ended 31 December 2017. 2018. https://www.seforall.org/system/files/gather-content/Sustainable-Energy-for-All_fin17.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Report on the Audit of the Financial Statements for the financial year ended 31 December 2017 |date=10 April 2018 |url=https://www.seforall.org/system/files/gather-content/Sustainable-Energy-for-All_fin17.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforall2018report, author = {{Sustainable Energy for All}}, title = {{Report on the Audit of the Financial Statements for the financial year ended 31 December 2017}}, institution = {Sustainable Energy for All}, year = {2018}, month = apr, url = {https://www.seforall.org/system/files/gather-content/Sustainable-Energy-for-All_fin17.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }