Page 96 - 國合會2016電子書-西文

Apendice

12. CONTRACTED PROJECT EXPENSES

For the Years ended For the Years ended
December 31, 2016 December 31, 2015
Personnel expenses $ 433,120,844 $ 445,195,588
Operating expenses 546,072,259 550,021,871
Travel and transportation expense 57,014,745 63,381,686
Equipment investment expense 118,687,530 144,787,072
Total $ 1,154,895,378 $ 1,203,386,217

13. INCOME TAX

Activities and related expenses of Taiwan ICDF are in compliance with “Standard for Nonprofit Organizations
Exempt from Income Tax”. Accordingly, Taiwan ICDF is exempt from income tax. The income tax returns through
2014 have been assessed and approved by the Tax Authority.

14. FUNDS

December 31, 2016 December 31, 2015
Founding Fund $ 11,614,338,576 $ 11,614,338,576
Donated Fund 854,499,496 854,499,496
$ 12,468,838,072 $ 12,468,838,072

1) The founding fund balance of NT$11,614,338,576 (Total assets of $11,634,131,427 less total liabilites of $19,792,851)
was derived from the closure of the IECDF management committee on June 30, 1996. In the official registration with
the court, the total property value filed as NT$11,634,131,427 was based on the closing balance of assets of the
IECDF management committee. As of August 24, 2016, the total amount of the assets registered with Taiwan ICDF
was NT$15,783,328,719.
2) The donated fund of Taiwan ICDF consisted of the following items:
A. The amount of NT$4,423,541 from MOFA’s Committee of International Technical Cooperation (CITC) was
consolidated in Taiwan ICDF on July 1, 1997.
B. The amount of NT$600,000,000 was donated by the MOFA on January 16, 1999.
C. The MOFA provided the amount of NT$250,075,955 on December 31, 2001 under the Regulation for Taiwan ICDF
in Providing Guarantee for Credit Facilities Extended to Private Enterprises Which Invest in Countries with Formal
Diplomatic Relationships. Taiwan ICDF had fulfilled the obligations of the guarantee amounting to NT$152,665,834
as of December 31, 2016.

15. ACCUMULATED EARNINGS

Taiwan ICDF is registered as a consortium juridical person with the aim of strengthening international cooperation
and enhancing foreign relations by promoting economic development, social progress and the welfare of the
people in partner nations around the world. As Taiwan ICDF is a non-profit organization, distribution of income is not
permitted in accordance with its Articles of Association.

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