Turnover comprises donations and grants received in support of the company's projects and activities. Donations are recognised in the Statement of Income and Retained Earnings when income is probable and can be measured with sufficient reliability.
Interest income
Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.
Debtors
Short term debtors are measured at the transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Creditors
Short term creditors are measured at the transaction price, less any impairment.