Report on the Audit of the Financial Statements for the year ended 31 December 2019

KPMG Austria GmbH conducted a voluntary audit of the financial statements of Sustainable Energy for All (SEforALL) for the year ended 31 December 2019. The auditors issued an unqualified opinion, stating that the financial statements present fairly the organisation's financial position and performance in accordance with voluntarily applied Austrian Generally Accepted Accounting Principles. The audit found the accounting system compliant with the organisation's statutes and noted no material weaknesses in internal controls or doubts regarding the organisation's ability to continue as a going concern. For the 2019 period, SEforALL reported total income of $10,551,418 and total expenses of $10,576,632, with a significant portion of its assets held as receivables from managers and debtors.

• The auditors concluded that the financial statements for the year ended 31 December 2019 present fairly, in all material respects, the financial position and performance of SEforALL, following voluntarily applied Austrian Generally Accepted Accounting Principles.
• The audit found that the accounting system is compliant with the organisation's statutes and the requirements applied on a voluntary basis.
• KPMG found no evidence of material weaknesses in internal controls over financial reporting, nor any indications of non-compliance with the organisation's statutes or Austrian law.
• The auditors found no facts suggesting substantial doubt about SEforALL's ability to continue as a going concern or any material deterioration in its performance.
• For the period from 1 January to 31 December 2019, SEforALL reported total income of $10,551,418 and total expenses of $10,576,632.
• As of 31 December 2019, SEforALL's total assets were $9,097,518, with the largest components being receivables (including $3,420,224 as 'Cash at managers' and $3,843,673 as 'Debtors') and cash in bank ($1,779,345).
• SEforALL reported deferred income of $8,899,010 at the end of 2019, with major contributors including the IKEA Foundation ($1,986,845), Denmark Ministry of Foreign Affairs ($1,751,723), and the Swiss Agency for Development and Cooperation ($1,602,813).
• Personnel expenses for 2019 totaled $5,177,686, while other operating expenses, including legal and professional fees ($2,450,672) and travel ($1,171,602), totaled $5,398,946.
• The organisation's staffing increased to an average of 38 occupied positions in 2019, up from 33 in 2018.
• SEforALL is registered as a Quasi-International Organisation in Austria and is exempt from the Austrian Association Act, though it prepares financial statements according to those rules voluntarily.

APA

Sustainable Energy for All (2020). Report on the Audit of the Financial Statements for the year ended 31 December 2019. https://www.seforall.org/system/files/2020-05/Sustainable-Energy-for-All_fin19.pdf

Chicago

Sustainable Energy for All. Report on the Audit of the Financial Statements for the year ended 31 December 2019. 2020. https://www.seforall.org/system/files/2020-05/Sustainable-Energy-for-All_fin19.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=Report on the Audit of the Financial Statements for the year ended 31 December 2019 |date=25 May 2020 |url=https://www.seforall.org/system/files/2020-05/Sustainable-Energy-for-All_fin19.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforall2020report, author = {{Sustainable Energy for All}}, title = {{Report on the Audit of the Financial Statements for the year ended 31 December 2019}}, institution = {Sustainable Energy for All}, year = {2020}, month = may, url = {https://www.seforall.org/system/files/2020-05/Sustainable-Energy-for-All_fin19.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }