Audited Annual Financial Statements

07-Jun-2011

2010-AfDB Financial Statements

The African Development Bank (ADB or the Bank) is a multilateral development finance institution dedicated to the economic and social progress of its regional member states. The Bank’s headquarters is located in Abidjan, Cote d’Ivoire. However, since February 2003, the Bank has managed its operations largely from its temporary relocation facilities in Tunis, Tunisia. The Bank finances development projects and programs in its regional member states, typically in cooperation with other national or international development institutions. In furtherance of this objective, the Bank participates in...
07-Jun-2011

2010-ADF Financial Statements

The African Development Fund (ADF or the Fund) was established in 1972 as an international institution to assist the African Development Bank (ADB or the Bank) in contributing to the economic and social development of the Bank’s regional members, promote cooperation and increased international trade particularly among the Bank’s members, and to provide financing on concessional terms for such purposes. By its resolution F/BG/2010/03 of May 27, 2010, the Board of Governors increased the membership of the Board of Directors of ADF from twelve (12) to fourteen (14), made up of seven (7) members...
07-Jun-2011

2010-NTF Financial Statements

The Nigeria Trust Fund (the Fund or NTF) was established under an agreement signed on February 26, 1976 (the Agreement) between the African Development Bank (ADB or the Bank) and the Federal Republic of Nigeria. The African Development Bank, which is headquartered in Abidjan, Côte d’Ivoire, manages the resources of the Fund on behalf of the Government of Nigeria. The purpose of the Fund is to assist in the development efforts of the poorer ADB regional member countries. The Agreement stipulates that the Fund shall be in effect for a period of 30 years from the date the Agreement became...
10-May-2011

Chapitre 6 - ADB, ADF, and NTF Financial Management and Financial Statements

The Management of the African Development Bank Group (“The Bank Group”) is responsible for the preparation, fair presentation and overall integrity of its published financial statements. The financial statements for the African Development Bank and the Nigeria Trust Fund have been prepared in accordance with International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board, while those of the African Development Fund were prepared on a special purpose basis. The financial statements have been audited by the independent accounting firm of KPMG, who...
07-Jun-2010

2009-NTF Financial Statements

The cash and treasury investments of the NTF are denominated in US Dollars and amounted to UA 102.79 million at December 31, 2009, compared to UA 229.93 million at the end of 2008. Investment income for 2009 amounted to UA 1.99 million, representing a return of 1.06 percent, on an average liquidity level of UA 187.15 million, compared with an income of UA 5.35 million in 2008, representing a return of 2.47 percent on an average liquidity of UA 216.71 million.
07-Jun-2010

2009-ADF Financial Statements

The resources of the ADF primarily comprise subscriptions by the State Participants and the Bank, as well as other resources received by the Fund including contributions by the Bank. The cumulative subscriptions to ADF amounted to UA 18.77 billion at December 31, 2009, compared to UA 18.37 billion at the end of 2008. The eleventh general replenishment of the Fund (ADF-XI) became effective in May 2008 and covers the three-year operational period starting in 2008 and ending in 2010. As of December 31, 2009, State Participants had subscribed a total of UA 3.37 billion representing 91.08 percent...
07-Jun-2010

2009-AfDB Financial Statements

The authorized capital stock of the Bank stood at UA 22.12 billion as of December 31, 2009. The latest increases in the authorized capital of the Bank were the two special increases approved by the Board of Governors, raising the authorized capital from UA 21.87 billion to UA 22.12 billion to allow the Republic of Turkey and the Grand Duchy of Luxembourg to become members of the Bank. The memberships of these two countries shall become effective upon completion of the formalities specified in the Agreement establishing the Bank and in the General Rules governing the admission of non-...
15-May-2008

ADB Financial Statements 2007 STATEMENT OF RECOGNIZED INCOME AND EXPENSE

14-May-2008

ADB Financial Statements 2007 BALANCE SHEET

14-May-2008

ADB Financial Statements 2007 INCOME STATEMENT

14-May-2008

ADB Financial Statements 2007 Independent Auditors Report

We have audited the accompanying financial statements of the African Development Bank (‘‘the Bank’’) which comprise the balance sheet as at 31 December 2007 and the income statement, the statement of recognized income and expense and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes as set out in notes A to V. The financial statements have been prepared under the accounting policies set out therein, for the purpose of submitting approved and audited financial statements to the Board of Governors as required by Article 32(...
14-May-2008

ADB Financial Statements 2007 Notes to the Financial Statements

The African Development Bank (ADB or the Bank) is a multilateral development finance institution dedicated to the economic and social progress of its regional member states. The Bank finances development projects and programs in its regional member states, typically in cooperation with other national or international development institutions. In furtherance of this objective, the Bank participates in the selection, study and preparation of projects contributing to such development and, where necessary, provides technical assistance. The Bank also promotes investments of public and private...
14-May-2008

ADB Financial Statements 2007 - Statement of Cash Flows

14-May-2008

ADF Financial Statements 2007 ADMINISTRATIVE BUDGET

14-May-2008

ADF Financial Statements 2007 Independent Auditors Report

We have audited the accompanying Special Purpose Financial Statements of the African Development Fund (“the Fund”) prepared in compliance with the accounting and financial reporting matters as set out in the accounting policies in Note B of the Special Purpose Financial Statements for the year ended 31 December 2007. These Special Purpose Financial Statements have been prepared for the purposes of submitting approved and audited Special Purpose Financial Statements to the Board of Governors as required by Article 26(v), 35(l) and 35(3) of the Agreement Establishing the Fund, and are not...
14-May-2008

ADF Financial Statements 2007 - Statement of Cash Flows

14-May-2008

ADF Financial Statements 2007 STATEMENT OF COMPREHENSIVE INCOME

14-May-2008

ADF Financial Statements 2007 - Statement of Net Development Resources

14-May-2008

NTF Financial Statements 2007 - Balance Sheet