Annual Financial Report 2009

7Royal Tropical Institute Annual Financial Report 2009 Within the overall responsibility of the Executive Board, the President primarily addresses strategic, financial, human resources and communications issues. The Chief Operating Officer focuses on the strategic and operations issues of the five line departments. The directors of the three full subsidiaries of KIT in Holding KIT BV report to the full Executive Board, while the Executive Board represents the interests of Holding KIT BV as a minority shareholder in the shareholder assemblies of Annona BV and Mali Biocarburant S.A. In 2010, Holding KIT BV aims to transfer its shares in Mali Biocarburant S.A. to Annona BV – the Annona fund invests in foreign ventures and monitors these investments. 2010 and beyond KIT's financial development was satisfactory in 2009. Meanwhile, the global financial crisis had substantial impact on our stakeholders in many countries. Smallholders in Mali, Burkina Faso, Ghana, Kenya, Bolivia and many other countries need much better access to financial services in order to successfully handle their business. Climate change affects these smallholders continuously: seasonal rains in Mali were late, other countries were faced with serious floods and some regions have moved from drought to structural torrential rain all through the year. Harvests and incomes are affected by these changes. Our own staff in Yemen or on mission in Afghanistan faces serious security dilemmas. The provision of primary services in health, education, sanitation, maternity care and other areas is improving in some areas but not in all. Sustainable economic development is making headway but requires considerable effort and investment in capacity building, training and implementation. KIT is hosting a broad range of events to celebrate its first centennial. We are taking this opportunity to look forward in order to assess the rapidly changing perspective on our own work in a challenging, innovative and turbulent environment and profession. We will welcome visitors from all over the world: physical and virtual, see our website www.kit.nl/100. KIT expects to take major steps in its efforts to upgrade the facilities for the Tropenmuseum and the Tropentheater in 2010. We are doing this in close cooperation with local authorities in Amsterdam and our neighbours around the 'Oosterpark', of which our landmark premises are an integral part. We hope to complete this expansion sometime in 2012/2013.

Consolidated accounts Consolidated Balance Sheet as of December 31, 2009 (Before Appropriation of Results) (a m o u n t s in ¤1,000) Assets 31-12-2009 31-12-2008 Fixed Assets Tangible Fixed Assets Buildings 22,265 22,210 Machinery & equipment 1,617 2,191 Hardware & software 1,145 860 Fixtures & fittings 787 944 Other fixed assets 1,154 1,300 Total: Tangible fixed assets 26,968 27,505 Financial Fixed Assets Participations in group entities – – Receivables group entities – – Other participating interests 253 165 Receivables other participating interests 149 – Other financial fixed assets 107 259 Total: Financial fixed assets 509 424 Current Assets Stocks Finished products 457 376 Total: Stocks 457 376 Work in Progress Time & expenses related to projects 2,758 2,381 Total: Work in progress 2,758 2,381 Accounts Receivable Debtors 3,019 2,608 Receivables other participating interests 119 – Other receivables 234 127 Advance payments and accrued income 2,910 2,232 Total: Accounts receivable 6,282 4,967 Cash and Cash Equivalents Banks 8,549 2,081 Cash 48 68 Deposits 1 7,800 Total: Cash 8,598 9,949 Total Assets 45,572 45,602

seeourwebsitewww.kit.nl/100.KITexpectstotakemajorstepsinitseffortstoupgradethefacilitiesforthe,
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