Quarterly Financial Report for the period ending 30 September 2022

The Board of Governors approved the 2022–2023 budget prior to the start of the financial year. [...] This is due to lower expenses for salaries and benefits mainly as a result of vacant positions, less travel than planned at the time of budgeting, the timing of furniture and equipment purchases for the new head office space, and the timing of other ongoing activities. [...] The mandate of the Centre is “to initiate, encourage, support and conduct research into the problems of the developing regions of the world and into the means for applying and adapting scientific, technical, and other knowledge to the economic and social advancement of those regions.” B) Basis of Preparation These condensed interim financial statements have been prepared in accordance with the Int. [...] F) COVID-19 pandemic The impacts to the Centre are disclosed in the notes of the Centre’s annual financial statements for the year ended 31 March 2022. [...] Comparative figures The Centre changed the method of presentation of the Statement of Cash Flows from the direct method to the indirect method.