Photo: UNCDF/Adam Rogers

Financial statements

UN Women is grateful for the commitment from its growing family of donors. 2014 saw the greatest contributions to date, amounting to US$322.9 million, a 17.2 per cent increase over the US$275.4 million received in 2013. Breaking the US$300 million ceiling was an encouraging and inspiring corporate achievement.

Total voluntary contributions for 2014 comprised US$163.7 million for regular resources (US$156.9 million in 2013) and US$159.2 million for other resources (US$118.5 million in 2013). Having surpassed its core and non-core targets, UN Women is exerting all efforts to sustain this momentum in order to reach the target of US$500 million set by the UN Secretary-General.

Key 2014 milestones included having 143 government core donors, the highest number ever. The total comprised over 90 per cent of countries from the Latin America and Caribbean, and Asia and Pacific regions.

A vote of confidence by our donors

A 2014 report on UN Women by the Multilateral Organisation Performance Assessment Network (MOPAN), a network of 19 donor countries, was highly positive. It recognized UN Women’s success in establishing itself as a new organization and achieving development results, even with limited resources. The assessment affirmed the relevance of UN Women’s mandate, and dubbed its performance ‘strong’ on a series of indicators of effectiveness and impact. Among the four UN entities reviewed by MOPAN in 2014, UN Women had the highest number of ‘strong’ indicators, despite being, by far, the youngest organization.

Statement of Financial Performance

expressed in thousands of US$

For the year ended on 31 December 2014


Total
REVENUE
Contributions
Regular Resources 163,664
Other Resources 159,160
Assessed Resources 7,652
Investment income 1,592
Other Revenue 815
Revenue: exchange transactions 5
TOTAL REVENUE 332,888
TOTAL EXPENSES 270,538
SURPLUS (DEFECIT) FOR THE YEAR 62,350

Notes:

  1. These statements have been prepared on an accrual basis, in accordance with International Public Sector Accounting Standards (IPSAS). Under the accrual basis of accounting, revenues and expenses are recognized in the financial statements in the period to which they relate.
  2. Assessed contributions are issued as an annual allotment from the United Nations regular budget, and are assessed and approved for a two year budget period. The amount of these contributions is then apportioned between the two years and recognized on a monthly basis.

In this year’s review process of the Financing for Development agenda UN Women is calling for transformative financing for gender equality. This requires unprecedented levels of funding—in scale, scope and quality.

DR. PHUMZILE MLAMBO-NGCUKA, United Nations Under-Secretary-General and UN Women Executive Director