Balance Sheet
Balance Sheet – For the year ended December 31, 2014
US $’000
Assets:
Cash and cash equivalents
10, 733
Contracts receivable, net of allowance for doubtful accounts
7,557
Other receivables
453
Supplies inventory
117
Prepaid expenses and advances
1,063
Total Current Assets:
19,923
Buildings and equipment, net
Total Assets
13
19,936
Liabilities and Net Assets:
Accounts payable
Accrued salary, w/holding and leave
530
1,530
Deferred revenue
17,840
Total Current Liabilities
19,900
Unrestricted Net Assets
28
Permanently Restricted Net Assets
8
Total Liabilities and Net Assets
19,936
Revenue Sources
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ACDI/VOCA
African Fertilizer and Agribusiness Partnership
Agricultural Materials Group, LLC
AgriMerc ODS
Alliance for a Green Revolution in Africa
Centre for Development Innovation (CDI)
Chemonics International Inc.
Development Alternatives, Inc.
Enviro Applied Products Ltd.
Food and Agriculture Organization of the United
Nations (FAO)
Forum for Agricultural Research in Africa
Government of Nigeria
GRM International Limited
International Fertilizer Industry Association
International Food Policy Research Institute
International Institute of Tropical Agriculture (IITA)
Kumtor Gold Company
Ministry of Agriculture (Togo)
Netherlands’ Directorate-General
for International Cooperation
54 | 2014 ANNUAL REPORT
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NFT Industries, LLC
OCP S.A.
Ostara USA LLC
Plantacote B.V.
PotashCorp
Royal Embassies of the Kingdom of the Netherlands
Rutgers University
Saudi Basic Industries Corporation (SABIC)
Shell Oil Products U.S.
Solidaridad West Africa (SWA)
Swiss Agency for Development and Cooperation (SDC)
Syngenta Crop Protection AG
Taraba State Government (Nigeria)
The Economic Community of West African States
(ECOWAS)
The Fertilizer Institute
The Walmart Foundation
U.S. Agency for International Development
VitAG Corporation