MSF Hong Kong Financial Overview 2020

 Statement of Financial Position as of 31st December 2020                              

There is a legal obligation to explain that the figures listed above are only partial but not the full set of specified financial statements (i.e., statutory annual financial statements) for the year ended 31 December 2020. Those statements were prepared in accordance with the Hong Kong Financial Reporting Standards and in compliance with the Hong Kong Companies Ordinance (HKCO) and have been delivered to the Hong Kong Companies Registry. They were also approved by the Board of MSF Hong Kong and were audited by the auditor, KPMG. The auditor’s report was unqualified, which means that they are of the view that the statutory annual financial statements give a true and fair view of the financial position of the organisation as at 31 December 2020 and of its financial performance for the year then ended. The auditor did not refer to any matters which they drew by way of emphasis without qualifying their report, which means they did not have reservations about the statements. And they did not include any comments as required under section 406(2), 407(2), or (3) of the HKCO. These sections require the auditor to state in their report if the information in the directors’ report is inconsistent with the financial statements; accounting records have not been adequately kept; financial statements are not in agreement with accounting records or they fail to obtain information or explanations necessary for their work. The full set of audited financial statements is available at msf.hk.

 

   
99.5% 88.1%
Donations from the public Social mission
   
0.5% 7.8%
Other income Fundraising 
   
  4.1%
  Management and general administration



Explanatory Notes on Financial Overview 2020
(1) 99.5% of donations came from public donations.
(2) A total of HKD297,065,138 was allocated for emergency and medical programmes in 45 countries and regions. HKD19,436,226 of funding is transferred to Operational Centre Brussels and then set aside to cover relief expenses in unforeseeable emergencies and to ensure that projects treating HIV/AIDS patients where adhesiveness is critical can be sustained. Another HKD923,846 of funding is allocated for the MSF Academic Field projects which is used to train and upskill the local healthcare workers according to MSF medical protocols.
(3) 88.1% total income went to social mission.
(4) In 2020, MSF Hong Kong maintained a “zero reserve” policy: all donations received, after the fundraising, management and general administration, finance expenses and exchange difference, were fully dispensed for social mission.
(5) Other countries and regions included Eritrea, Sudan, Madagascar and Honduras.