This document is the balance sheet from DSW's annual financial statements for 2011. It shows the organization's assets, liabilities, and equity. DSW's total assets were €6,992,527.58 as of December 31, 2011, with fixed assets making up the majority. Equity totaled €1,519,315.90, while donations and grants not yet used accounted for €2,630,660.74 of liabilities. The balance sheet provides an overview of DSW's financial position at the end of 2011.

1. 20 Balanc e She e t
DSW is supervised by the state supervisory authority for founda-
tions. We produce our annual financial statements voluntarily in
accordance with the requirements of the German Commercial
Code (Handelsgesetzbuch, HGB) and have them reviewed by DSW has been endorsed with the fundraising Seal of Approval of
independent auditors. Statutory requirements for the supervision the German Institute for Social Issues (Deutsches Zentralinstitut
of foundations include an annual audit of the financial conduct fuer soziale Fragen, DZI) certifying the economical and careful
of the foundation, with particular attention to the use of funds use of funds.
and the foundation’s activities.
Balance Sheet – Extract from the Annual Financial Statements
Total Assets Dec. 31st 2011 Dec. 31st 2010 Total Equity and Liabilities Dec. 31st 2011 Dec. 31st 2010
A. Fixed assets A. Equity
I. Intangible assets 1. Endowment capital 1,357,472.42 Euro 1,253,727.42 Euro
Software 5,319.70 Euro 3,500.54 Euro 2. Reserves 161,843.48 Euro 161,843.48 Euro
1,519,315.90 Euro 1,415,570.90 Euro
II. Tangible assets
1. Land, land rights and buildings,
B. Donations and grants not yet used
including buildings on
third-party land 215,686.46 Euro 219,662.46 Euro 1. Donations and grants not yet
2. Technical equipment and machinery 48,611.20 Euro 29,556.32 Euro used according to Statutes 2,140,346.31 Euro 1,340,565.06 Euro
3. Other Equipment, factory and 2. Donations and grants bound
office equipment 220,697.07 Euro 300,577.68 Euro up in long term 490,314.43 Euro 553,297.00 Euro
484,994.73 Euro 549,796.46 Euro 2,630,660.74 Euro 1,893,862.06 Euro
III. Financial assets C. Provisions
Securities 1,416,484.25 Euro 1,314,401.09 Euro
Other provisions 154,731.75 Euro 144,619.33 Euro
– of which basic assets:
1,314,472.42 Euro
D. Liabilities
B. Current assets 1. Contingently repayable grants 2,551,067.39 Euro 4,127,228.23 Euro
I. Receivables and other assets 2. Liabilities to banks 26,208.63 Euro 4,113.33 Euro
1. Trade receivable 415,300.10 Euro 335,122.09 Euro 3. Trade payables 87,274.56 Euro 110,178.85 Euro
2. Other assets 97,042.08 Euro 17,667.37 Euro 4. Other liabilities 23,268.61 Euro 23,396.23 Euro
512,342.18 Euro 352,789.46 Euro 2,687,819.19 Euro 4,264,916.64 Euro
II. Liquid assets
Cash-in-hand, bank balances 4,497,842.63 Euro 5,466,748.40 Euro
C. Prepaid expenses 75,544.09 Euro 31,732.98 Euro
6,992,527.58 Euro 7,718,968.93 Euro 6,992,527.58 Euro 7,718,968.93 Euro

2. Balanc e She e t 21
We have provided the annual financial statements 2011 (balance sheet, income
statement and attachments) with an unqualified audit opinion.
Income Statement – Extract from the Annual Financial Statements Breakdown of Grants
in 2011
2011 2010
Others Public resources
1. Donations and grants received in the
business year 4,754,229.32 Euro 5,760,790.46 Euro Partners
9%
18%
2. Use-up of donations and grants 5%
received in previous years 3,592,543.67 Euro 4,067,819.56 Euro
3. Donations and grants from business year
not yet used -2,753,181.51 Euro -5,193,795.25 Euro
28%
4. Revenue from use of grants from
the business year 5,593,591.48 Euro 4,634,814.77 Euro 40%
5. Other operating revenues 224,570.54 Euro 325,792.61 Euro Donations
6. Directly attributable project expenditures
a) Project expenditures -2,447,641.13 Euro -1,705,080.40 Euro Private foundations
b) Payments from project partners -834,013.93 Euro -917,148.38 Euro
c) Depreciation -100,880.25 Euro -104,527.15 Euro
d) Staff costs -2,204,927.82 Euro -2,032,643.78 Euro
-5,587,463.13 Euro -4,759,399.71 Euro Project Costs
7. General administrative costs and advertising
a) Staff costs -164,223.69 Euro -200,310.32 Euro in 2011 (per region)
b) Other expenditures -154,546.73 Euro -145,764.04 Euro
-318,770.42 Euro -346,074.36 Euro Ethiopia
Hannover/Berlin*
8. Income from finance sector 88,071.53 Euro 144,866.69 Euro 9%
25%
9. Net earnings for the year 0.00 Euro 0.00 Euro
Kenya
16%
15%
Brussels* 9%
Tanzania
11%
15%
Uganda
Other countries**
* Public relations and advocacy projects
** In West Bangladesh, Burkina Faso, Burundi, India,
Indonesia, Mali, Mozambique, Nepal, Niger,
Pakistan, the Philippines, Rwanda, and Senegal.

3. 22 Balanc e She e t
Excerpt from the Notes to the Financial Statements for Fiscal Year 2011
General Information Equity
The annual financial statements are prepared in Euro in accordance The foundation capital is in Euro. The increase over the previous
with the accounting requirements for corporations under German year results from endowment contributions.
commercial law. The descriptions of items for financial statement
The item “donations and contributions not yet used in accordance
purposes and classification rules under German commercial law
with the statutes of the Foundation” results from donations and
have been adapted to take account of the Foundation’s special
contributions received and not yet used which are not subject to a
structural features. The accounting standard for foundations (IDW
particular usage agreement. It is used to cover project expenses
RS HFA 5) has been applied as have the special rules for charitable
which are not covered by co-financing and to cover advertising and
organisations under RS HFA 21. The structure of the income
administration expenses.
statement follows the cost of sales method, although the description
of items for expenditures which are not directly attributable to the The item “donations and contributions with a longer-term
projects continues to follow the type of expenditure format. commitment” indicates the extent to which noncurrent assets are
financed through the use of earmarked funds on the balance
The Foundation’s annual financial statements contain the current
sheet date. Allocation to this item corresponds to the residual book
accounting data for the head office in Hanover (including the
Values of the assets on the balance sheet date.
liaison office in Berlin) and the representative office in Brussels,
plus the accounts data taken from the country offices in Ethiopia,
Provisions
Kenya, Tanzania, and Uganda. The annual financial statements
The “other provisions” item covers all known risks and contingent
prepared by the country offices have been examined by local
liabilities. These are measured at the likely settlement amount
auditors and provided with unqualified audit certificates.
based on prudent business judgement.
Accounting and Valuation Principles
Liabilities
Based on the way in which the inflow of donations and contri-
In accordance with section 253 (1) of the German Commercial Code
butions is recognised as affecting net income following the
(Handelsgesetzbuch, HGB), liabilities are measured at their settlement
requirements of RS HFA 21 and in accordance with the allocation
amount. All liabilities fall due within one year. The “conditionally
of resources per the statutes of the Foundation and project
repayable contributions” item is the project funding reserve.
development, the result for the year is neutral.
Staff Costs
Noncurrent Assets
Total staff costs of 2,369,151.51 Euro comprise the following
Noncurrent assets are generally valued at cost. Incidental
domestic and international
acquisition costs are taken into account and acquisition cost
reductions are deducted. The acquisition costs of noncurrent In Germany 1,144,845.83 Euro
asset items that are usable for a limited period of time are subject of which project work 980,622.14 Euro
to scheduled depreciation. of which administration and publicity costs 164,223.69 Euro
At the beginning of the year, high-risk securities were exchanged Other countries 1,224,305.68 Euro
for safer ones as part of a conservative investment strategy. Financial
2,369,151.51 Euro
assets are shown at cost. Since no permanent impairments exist,
no write-downs to the lower value have been made. Depreciation
of assets in the country offices follows the rules applicable in the
specific country. Economic ownership is generally limited by Other Information
government restrictions on disposal which take effect after the As at December 31st 2011, DSW employed 148 people (previous
end of the project. year: 134) at the following locations:
31/12/2011 31/12/2010
Current Assets
Current assets are measured at nominal value. Trade receivables Hannover 17 21
are mainly the result of payments to our country offices’ partner Berlin 6 5
organisations and amounts of requested project funding receivable Brussels 5 8
from various funding providers. Liquid funds are valued at their Kenya 31 18
nominal value. Foreign currency credit balances are valued at the Ethiopia 47 43
average spot exchange rate on the balance sheet date. Tanzania 15 13
Uganda 27 26
148 134

4. Proje c t Ov e rv ie w 23
Main Activities in Low- and Middle-Income Countries during 2011
Pakistan Besides our nationwide Youth-to-Youth Initiative in
Nepal
Kenya, Uganda, Ethiopia, and Tanzania, we engage in
India
active dialogue with political decision-makers at the
Mali Niger
Senegal
local, regional, and national levels.
Burkina Faso Ethiopia
Uganda Kenya
Rwanda Indonesia
Burundi
Tanzania
Mozambique
Countries where DSW has offices
DSW’s partnerships with subgrantees
Project Brief Description Ethiopia Kenya Tanzania Uganda Other Countries
AHEAD for World Bank Increasing the capacity of CSOs to effec-
Advocacy tively conduct SRHR advocacy targeting
national level World Bank and government • • • •
decision-makers (P. 12, 13)
Bonga Integrated Participatory Integrated environment and family planning
Forest Management and
Reproductive Health Project
project in the Kaffa Region •
Empowered for a Healthy Promoting community-based responses
Marriage to the needs of married adolescents and
young women in East Wollega
•
Euroleverage Increasing funds for reproductive health
and family planning (RH/FP) from EU
donors and national developing countries,
and empowering RH/FP organisations to
• • • • •
mobilise resources (P. 13)
Fight Fistula Educating communities about causes,
treatment, and prevention options (P. 8) •
Fit for Future Addressing the SRH of young women in
the informal sector •
Healthy Action Empowering and increasing the capacity of
East African non-state actors to advocate
effectively for better health policies and • • •
funding (P. 12, 13)
Invest in Adolescents Empowering young people and supporting
adolescent-serving CSOs • • • •
Kakamega Environmental Integrated environment and family planning
Education Programme project in the Kakamega rainforest •
Safe Motherhood Improving health of young mothers (P. 9) •
Shujaa HIV & AIDS awareness project for most at
risk populations •
Training Centres Regional course and training activities • • •
Working Together for Addressing the needs of vulnerable popula-
Decent Work in East Africa tions in the informal sector (P. 8, 9, 10) • • •
Young Adolescents Project SRHR education for 10–14 year olds (P.11) •
Youth-to-Youth Initiative Peer-led youth-to-youth education and
awareness activities (P. 6, 7) • • • •
Youth Truck In-country mobile SRHR education (P. 10)
• • •

5. Thank You 25
Thank You!
Two trust foundations support our work: the Alfred Biolek Stiftung – Hilfe fuer
Afrika, and the BISS Stiftung founded by Dr. Bernhard and Ingeborg Scharf.
DSW gratefully acknowledges the general support it
We wish to express our sincerest gratitude to the two trust foundations, our
founding patrons Marlene v. Reichenbach and Christian Schrom, as well as to receives from individuals and foundations – including major
our other numerous benefactors, especially Karl Fieger, Hans-Joachim and grants from the Hewlett and Packard – which undergrids
Christa Tegtmeier for their long-standing confidence in our work. all the Foundation’s work.
A special ‘thank you’ goes to the following companies that have supported us
in 2011 with donations of 100,000 Euro or more:
The organisation BONITA GmbH & Co. KG The German company, Rossmann, is a key Due to the generous support of Bayer
has been a generous supporter to DSW supporter of the Foundation and has been HealthCare Pharmaceuticals, young people in
for twelve years. Their incredible support since DSW was founded more than twenty Uganda aged between 10 to 14 years know
enabled us to strengthen our training years ago. We thank you for your long-term how to protect themselves against AIDS and
centres in Ethiopia and Uganda. commitment and confidence in our work. unwanted pregnancies.
Our sincerest thanks also goes to all of the companies, foundations, organisations, associations, and public authorities who generously
supported our work in 2011.
Companies that Made a Contribution of Grand Hotel Mussmann GmbH Foundations, Organisations, Associations,
25,000 Euro or More: Gruenhagen GmbH and Public Authorities:
Gruenhagen Vermoegens-Beteiligungs GmbH & Co. KG
Achenbach Art Consulting Buergerstiftung Rohrmeisterei
Guennewig GmbH & Co. KG
WERTGARANTIE, Techn. Versicherung AG C. H. Beck Stiftung
gut.org gemeinnuetzige Aktiengesellschaft
Commerzbank AG FFM Stiftung
GWP Gesellschaft mbH für Weiterbildung und
5,000 Euro or More: Else Kroener-Fresenius-Stiftung
Personalmanagement
European Commission
Bankhaus Sal. Oppenheim JR. Cie KGAA Hannover Finanz GmbH
Eva Mayr-Stihl-Stiftung
B. Metzler seel. Sohn & Co. KgaA Hempelmann KG
Foerderkreis Rotary Club Bad Salzuflen
Boehringer Ingelheim GmbH Hildegard Braukmann Kosmetik GmbH & Co. KG
Fritz Behrens-Stiftung
Daimler AG Hirschmann GmbH
Hamasil Stiftung, Switzerland
Evonik Degussa GmbH instore solutions services GmbH
ISO-Elektra Heinrich Piepho Stiftung
FEIG ELECTRONIC GmbH Karosserie- und Fahrzeugbau
Josef und Therese Arens Stiftung
L’Oréal Deutschland GmbH Schlumbohm + Rohde GmbH
Katholische Frauengemeinschaften Deutschlands
Nienstedt GmbH Kroegers Buch- und Verlagsdruckerei GmbH
LebensChancen International e. V.
RDG Facility Management KSB Intax
MUT-Stiftung
Rossini Gastronomie GmbH Melitta Kaffee GmbH
New Venture Fund, USA
ROVA Invest GmbH M.S.T. Warensicherungen AG, Switzerland
Niedersaechsische Bingostiftung fuer Umwelt und
Schwarzkopf & Henkel GmbH Multivac Marking & Inspection GmbH & Co. KG
Entwicklungszusammenarbeit
Unilever Deutschland GmbH Nilfisk-Advance AG
Niedersaechsische Staatskanzlei
Papitex Zimmermann GmbH
Nike Foundation, USA
1,000 Euro or More: Park Inn Hotel (Hannover)
Project “Direkt Uganda”
Paul Schindler AG
Adolf Wuerth GmbH & Co. KG Renate-Dommasch-Stiftung
Reckhaus GmbH & Co. KG
Appl Druck GmbH & Co. KG Rotary Deutschland Gemeindienst e. V.
Reckitt-Benckiser Deutschland GmbH
Bertelsmann AG Schleicher-Stiftung
Robert Bosch GmbH
Bremer Reklame & Design GmbH City of Hannover
Rolf Dreyer Yachtschule & Lehrbuchautor
BWH GmbH – Die Publishing Company Stiftung Evolutionsfonds Apfelbaum
Rufin Cosmetic GmbH
CONTAX HANNOVER Stiftung van Meeteren
SBS Lichtwerbung GmbH
Dr. Ing. h. c. F. Porsche AG T. und H. Klueber-Stiftung, Switzerland
Skoda Auto Deutschland GmbH
Elektroanlagen Podemski GmbH The Bill and Melinda Gates Foundation, USA
TUI AG
Ferdinand Dameris GmbH & Co. KG The David and Lucile Packard Foundation, USA
vph GmbH & Co. KG
Feymedia Verlagsgesellschaft mbH The William and Flora Hewlett Foundation, USA
Weingut Werner Doennhoff
Georg Parlasca Keksfabrik GmbH The World Bank
Wiebold Confiserie GmbH & Co. KG
Gerschau. Kroth. Werbeagentur GmbH United Nations Population Fund (UNFPA)
Wilkinson Sword GmbH
grafik.design, Simone Schmidt Verein der Freunde Zonta e. V.
wolff interactive GmbH
Graeflicher Park GmbH & Co. KG Werner und Karin Schneider-Stiftung
YTRON Process Technology GmbH & Co. KG
World Health Organisation