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

This document is an audit report conducted by KPMG Austria GmbH on the financial statements of Sustainable Energy for All (SEforALL) for the fiscal year ending 31 December 2019. The audit concludes that the financial statements present fairly the organization's financial position and performance in accordance with voluntarily applied Austrian Generally Accepted Accounting Principles.

• KPMG issued an unqualified audit opinion, stating that the financial statements for the year ended 31 December 2019 present fairly, in all material respects, the financial position and performance of Sustainable Energy for All.
• The organization's total income for the period from 1 January to 31 December 2019 was $10,551,418, while total expenses amounted to $10,576,632.
• As of 31 December 2019, the organization held total assets of $9,097,518, which included $1,779,634 in cash and $9,043,531 in current assets.
• The organization reported deferred income of $8,899,010 at the end of 2019, with significant contributions from the IKEA Foundation ($1,986,845), the Ministry of Foreign Affairs of Denmark ($1,751,723), and the Swiss Agency for Development and Cooperation ($1,602,813).
• Personnel expenses for 2019 totaled $5,177,686, consisting of $5,124,545 in salaries and wages and $53,141 in other social benefits.
• The organization's staffing levels increased from an average of 33 occupied positions in 2018 to 38 in 2019.
• The audit found no evidence of material weaknesses in internal controls over financial reporting, nor any facts indicating substantial doubt about the organization's ability to continue as a going concern.
• SEforALL is registered as a Quasi-International Organisation in Austria and is exempt from applying the Austrian Association Act, though it voluntarily prepares financial statements in accordance with its rules and the Austrian Commercial Code.
• The organization experienced a change in leadership in 2019; Rachel Kyte resigned as CEO on 30 September 2019, and Damilola Ogunbiyi assumed the role on 1 January 2020.
• The organization's lease for its Vienna premises expires on 31 December 2021, and it was seeking new premises by 1 October 2020 to accommodate growth.

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} }