PPI demonstrated sound fiscal management and accountability measures, as demonstrated by the audited financial statements completed as of December 31, 2016 by Good & Fowler, LLP. The following Statement of Activities reflects total Revenue and Support of $2,531,551, an increase of $217,536 or 9% from the prior year. Total Expenses were $2,436,073, an increase of $316,326 or 15% from the prior year. The total change in 2016 net assets is $95,478.
Our goal is to undergird PPI’s financial future through strong and diversified revenue flows and effective expense management. In 2016, membership dues, roundtable registration, and sponsorships by PPI members were our lead revenue sources. We gratefully acknowledge the support of our Asia Roundtable sponsors: Asia Alternatives; Campbell Lutyens & Co.; Capital Group; FountainVest Partners (Asia) Limited; Goldman Sachs Asset Management; IDFC; Macquarie Infrastructure and Real Assets; MBK Partners; Meridiam; Mitsubishi Corporation; Nikko Asset Management Co. Ltd; and Quantum. PPI also appreciates the contributions of our 2016 Asia Roundtable partners—the Hong Kong Monetary Authority and the Shenzhen Stock Exchange.
PPI's solid financial position in 2016 enabled us to make investments in programs, people, and member service technology, while also shoring up PPI reserves to weather unforeseen turbulence.
(Hover over the charts to view the percentages)
2016 Revenue Sources
2016 Expense Allocation
Statement of Activities
For the Year Ended December 31, 2016
With Comparative Totals (USD) for the Year Ended December 31, 2015
|Asian Development Bank Grant||40,505||60,758|
|Executive Seminar Registration||57,523||88,857|
|TOTAL REVENUE & SUPPORT||2,531,551||2,314,015|
|CHANGE IN NET ASSETS||95,478||194,268|
|NET ASSETS AT BEGINNING OF YEAR||1,877,487||1,683,219|
|NET ASSETS AT END OF YEAR||$1,972,965||$1,877,487|
The financial information presented is from the audited financial statements. Interested parties can obtain a complete copy of the audited financial statements by contacting our office.