Independent Auditor’s Report <Summary>We have audited the financial statements, comprising the balance sheet, the statement of financialactivities, the notes to financial statements and the summary of assets of Not-for-Profit Organization
Médecins Sans Frontieres Japon as of and for the year ended December 31, 2020.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation of the financial statements in accordance with accounting
principles of public interest corporation generally accepted in Japan; and for such internal control as
management determines is necessary to enable the preparation of financial statements that are free frommaterial misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on the financial statements based on our audit as independent
auditor. We conducted our audit in accordance with auditing standards generally accepted in Japan. Thosestandards require that we plan and perform the audit to obtain reasonable assurance about whether thefinancial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on our judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or error. In making
those risk assessments, we consider internal control relevant to the entity's preparation of the financialstatements in order to design audit procedures that are appropriate in the circumstances, while theobjective of the audit is not for the purpose of expressing an opinion on the effectiveness of the entity'sinternal control. An audit also includes evaluating the appropriateness of accounting policies used and thereasonableness of accounting estimates made by management, as well as evaluating the presentation of
the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour audit opinion.
OpinionIn our opinion, the financial statements referred to above are prepared, in all material respects, inaccordance with the accounting standards of Public Interest Corporation generally accepted in Japan.
Other Matter
We have no interest in the Partnership which should be disclosed pursuant to the provisions of the Certified
Public Accountants Law of Japan.

March 12, 2021
Tokyo, Japan

Controller’s Audit Report
Mar 12th, 2021
Médecins Sans Frontières, Japon
President: Takashi Kurumiya
In accordance with the Act on Promotion of Specified Non-profit Activities, Article 18, I haveconducted the audit of Médecins Sans Frontières, Japon (hereinafter MSFJ) for the businessyear started 1st January 2020 and ended 31st December 2020. The methods we used, andthe audit results are as follows.
I.

Summary of the methods used in the audit(1) Financial Audit
I attended the regular Board Meetings and got treasurer’s report regarding the financial
statements of MSFJ for 2020 discussed at Finance Committee as well as other importantfinance-related meetings. Furthermore, I obtained the explanation from the external auditors
about the results of audit implemented for the Financial Statements for the above-mentionedperiod, in order to monitor and check the appropriateness of the method and process of theaudit. Based on the above methods, I examined the above financial statements of MSFJ for2020.
(2) Operational Audit
I reviewed the appropriateness of the activities of the board members and operations of theMSFJ board for 2020, by obtaining explanation and opinions from the board members andoffice staff by attending the important meetings including regular board meetings.

II.

Results of the Audit(1) Audit for the financial statements
I believe that the methods and the results of audit implemented by the external auditors areappropriate. In my opinion, the financial statements referred to above are prepared withoutmaterial misstatement, whether due to fraud or error, in accordance with the accounting
standards generally accepted in Japan.
(2) Audit for the execution of duties of the board members etc.
In my opinion, the board members had engaged in proper activities in their execution ofduties and there has been no serious violation of NPO Law of Japan as well as the Articles
of Associations etc.
Gilles DELMAS, Controller

Not-for-Profit Organization
Médecins Sans Frontières Japon

Balance Sheet
As of December 31, 2020
(Unit：JPY）

2020
ＩAssets
1. Current Assets
Cash and deposit with banks
Accounts receivable
Prepaid expenses
Advances
Other current assets

2019Changes
Amount%3,551,329,306
344,035,419
10,477,275
1,125,398
31,533,949

2,129,418,761
219,290,460
11,869,282
481,877
23,536,338

1,421,910,545
124,744,959(1,392,007)
643,521
7,997,611

66.8%
56.9%
-11.7%
133.5%
34.0%

3,938,501,347

2,384,596,718

1,553,904,629

65.2%

-

32,773,357(32,773,357)-100.0%

Building structures
Office equipment and fixtures
Software
Long-term deposit
Total Non Current Assets

8,952,589
33,645,255
14,208,491
41,589,540
98,395,875

17,949,288
38,623,068
17,491,494
42,299,540
149,136,747(8,996,699)(4,977,813)(3,283,003)(710,000)(50,740,872)-50.1%-12.9%-18.8%-1.7%-34.0%

Total Assets

4,036,897,222

2,533,733,465

1,503,163,757

59.3%

Total Current Liabilities

2,802,255,324
9,554,778
2,811,810,102

1,457,581,967
2,919,666
1,460,501,633

1,344,673,357
6,635,112
1,351,308,469

92.3%
227.3%
92.5%

2. Non Current Liabilities
Provisions for retirement benefits
Total Non Current Liabilities
Total Liabilities49,608,800
49,608,800
2,861,418,902

49,321,000
49,321,000
1,509,822,633

287,800
287,800
1,351,596,269

0.6%
0.6%
89.5%

1,175,478,320

32,773,357
991,137,475(32,773,357)
184,340,845-100.0%18.6%

Total Net Assets

1,175,478,320

1,023,910,832

151,567,488

14.8%

Total Liabilities and Net Assets

4,036,897,222

2,533,733,465

1,503,163,757

59.3%

Total Current Assets

2. Non Current Assets
1) Specific purpose funds
Reserve funds for grant to emergency program2)Other Non-Current Assets

ⅡLiabilities1. Current Liabilities
Accounts payable
Deposits received etc.

ⅢNet Assets
Earmarked Net Assets
Non-earmarked Net Assets

Not-for-Profit Organization Médecins Sans Frontières Japon

Statement of Financial Activities
For the year ended December 31, 2020
(Unit：JPY）

2020
Amount2019
AmountRatio

ChangesAmount

Ratio

Ratio

I. Non-earmarked Net Assets Changes
1. Changes in Operating Item
(1) Operating Revenues① Donations
Donations from private individuals
Donations from private companies
Donations from other organizations② Public institutional funds etc.
Contributions to multilateral institutions
Grants from MSF Korea③ Other Revenues
Association membership fee
Interest income and revaluation gains etc.
Total Operating Revenues

13,050,103,455
11,539,600,859
1,424,682,326
85,820,270
806,586,772
279,527,952
527,058,820
13,234,340
758,400
12,475,940
13,869,924,567

100.0%
88.4%
6.2%
0.7%

10,852,784,410
10,244,785,008
539,999,588
67,999,814
401,397,652
49,366,008
352,031,644
3,135,492
550,470
2,585,022
11,257,317,554

100.0%
94.4%
6.2%
0.6%

2,197,319,045
1,294,815,851
884,682,738
17,820,456405,189,120
230,161,944
175,027,176
10,098,848
207,930
9,890,918
2,612,607,013

20.2%
12.6%
163.8%
26.2%
100.9%
49.7%
322.1%
37.8%
382.6%
23.2%

11,078,389,799
10,521,763,892
10,515,859,451
5,904,441
70,016,073
49,283,467
20,732,606
136,664,757
80,533,955
11,704,544
44,426,258
19,335,706
19,335,706
330,609,371
85,059,772
156,455,946
8,982,928
47,302,397
627,318
32,181,010
1,966,949,938
171,224,327
1,346,362,480
226,111,155
79,691,377
25,086,417
9,036,979
109,437,203
225,477,099
151,029,582
7,984,290
66,463,227
414,766,886
28,094,859
32,780,212
157,565,381
196,326,434
13,685,583,722

83.5%
79.3%

9,120,893,412
8,542,661,646
8,528,685,292
13,976,354
97,092,593
56,954,023
40,138,570
119,350,457
78,743,172

84.0%
78.7%

1,957,496,387
1,979,102,246
1,987,174,159-8,071,913-27,076,520-7,670,556-19,405,964
17,314,300
1,790,783
11,704,544
3,818,973
955,972
955,972-12,799,611(7,029,241)
12,515,311-15,924,666
13,917,059
515,385-16,793,459
452,516,527
27,532,343
414,219,323-47,391,351
27,876,496
7,049,661
9,036,979
14,193,076
506,746
147,388-13,625,516
13,984,874
113,066,335
6,784,699
1,859,849
48,860,884
55,560,903
2,523,585,995

21.5%
23.2%
23.3%
-57.8%-27.9%-13.5%-48.3%
14.5%
2.3%(2) Operating Expenditures
Social Mission Expenditures (①＋②+③＋④＋⑤)① Program & Program Support
Financial contribution to operational centers (Grants)
Other Program Support etc.

② Operational Support Project
Personnel expenses
Others (Office rent, travel & depreciation etc.)③ Field HR management
Personnel expenses
SEEAP Project
Others (Office rent, travel & depreciation etc.)④ Advocacy activity
Personnel expenses etc.

⑤ Awareness-raising
Personnel expenses
Newsletters and event
Website related expenses
Agent service fee
Printing fee
Others (Office rent, travel & depreciation etc.)

Fundraising
Personnel expenses
Fundraising campaign expenses
Agency service fees and system-related costs
Agent service fee
Printing fee
SEEAP Project
Others (Office rent, travel & depreciation etc.)

Management & General Administration
Personnel expenses
Association related expenses (except personnel)
Others (Office rent, travel & depreciation etc.)

Other International Contributions etc.
Contribution to DNDi
Contribution to Campaign for Access to Essential Medicines
Contributions to MSF International OfficeFinancial support to MSF Korea
Total Operating Expenditures

Increase in Non-earmarked Net Assets
Non-earmarked Net Assets at Beginning of Year
Non-earmarked Net Assets at End of Year

0.5%

1.0%

0.1%
2.5%

14.8%

1.7%

-100.0%40,607,285
18,379,734
18,379,734
343,408,982
92,089,013
143,940,635
24,907,594
33,385,338
111,933
48,974,469
1,514,433,411
143,691,984
932,143,157
273,502,506
51,814,881
18,036,756
95,244,127
224,970,353
150,882,194
21,609,806
52,478,353
301,700,551
21,310,160
30,920,363
108,704,497
140,765,531
11,161,997,727

0.9%

1.1%

0.2%
3.2%

13.9%

2.1%

-100.0%

9.4%
5.2%
5.2%
-3.7%
-7.6%
8.7%
-63.9%
41.7%
460.4%-34.3%
29.9%
19.2%
44.4%
-17.3%
53.8%
39.1%
14.9%
0.2%
0.1%
-63.1%
26.6%
37.5%
31.8%
6.0%
44.9%
39.5%
22.6%

184,340,845
991,137,475
1,175,478,320

95,319,827
895,817,648
991,137,475

89,021,018
95,319,827
184,340,845-

3,087,992,427
3,120,765,784(32,773,357)
32,773,357
1,175,478,320

738,743,447
723,491,090
15,252,357
17,521,000
32,773,357
1,023,910,832

2,349,248,980
2,397,274,694(48,025,714)
15,252,357-32,773,357
151,567,488

14.8%

II. Earmarked Net Assets Changes
1. Accepted Earmarked Donations
2. Transfer to Non-earmarked Net Assets
Changes in Earmarked Net Assets
Earmarked Net Assets at Beginning of Year
Earmarked Net Assets at End of Year

III. Net Assets at End of Year to be carried forwardNot-for-profit Organization Médecins Sans Frontières Japon

Summary of Assets
As of December 31, 2020

2020
I. Assets
1. Current Assets
Cash and cash equivalents
Petty cash
Ordinary account (MUFG Bank,Ltd.)
Ordinary account (Sumitomo Mitsui Banking Corp.)
Ordinary account (Mizuho Bank Ltd.)
Transfer Saving Account (Japan Post Bank Co., Ltd.)
Ordinary account (Rakuten Bank Ltd.)
Ordinary account (SBI Sumishin Net Bank,Ltd.)
Ordinary account (Sumitomo Trust and Banking Co Ltd..)
Ordinary account (MUFG Trust and Banking Ltd.)
Fixed deposit(Sumitomo Mitsui Banking Corp.)
PayPal
Accounts receivable
Donation receivable from outsourced vendor
Receivable from MSF Korea
MSF France
MSF International Office etc.
Other MSF offices (Expatriates related expenses etc.)
Others
Prepaid expenses
Advances
Other current assets
Gold ingot
Supplies
Suspense payment
Total Current Assets
2. Non Current Assets
1) Specific purpose funds
Reserve funds for grant to emergency program

2019（Unit: JPY）

Changes

3,551,329,306
132,369
1,264,395,695
529,912,295
22,347,858
1,588,334,757
18,102,791
2,645,763
18,687,129
6,679,523
100,000,000
91,126
344,035,419
107,164,245
76,907,849
93,122,810
36,453,937
29,948,486
438,092
10,477,275
1,125,398
31,533,949
31,256,089
277,860
3,938,501,347

1,354,727,063
1,821,583
642,479,613
125,631,375
16,795,623
463,709,078
3,287,927
1,001,864
100,000,000
200,492,585
101,556,354
7,678,650
35,262,017
13,754,211
41,115,220
1,126,133
12,553,957
168,000
15,003,429
14,814,343
37,802
151,284
1,582,945,034

2,196,602,243-1,689,214
621,916,082
404,280,920
5,552,235
1,124,625,679
14,814,864
1,643,899
18,687,129
6,679,523
91,126
143,542,834
5,607,891
69,229,199
57,860,793
22,699,726-11,166,734-688,041(2,076,682)
957,398
16,530,520
16,441,746(37,802)126,576
2,355,556,313-

17,521,000-17,521,000

8,952,589
8,952,589
33,645,255
1,989,597
31,655,658
14,208,491
41,589,540
41,589,540
98,395,875
4,036,897,222

27,897,075
27,897,075
22,651,992
7,251,443
14,178,147
1,222,402
26,072,191
41,573,000
41,573,000
135,715,258
1,718,660,292(18,944,486)(18,944,486)
10,993,263(5,261,846)
17,477,511(1,222,402)(11,863,700)
16,540
16,540-37,319,383
2,318,236,930

2,414,845,507
1,555,795,507
364,100,000
91,250,000
97,250,000
91,250,000
215,200,000
387,409,817
9,554,778
9,554,778
2,811,810,102

492,259,091
348,259,091
96,000,000
48,000,000

1,922,586,416
1,207,536,416
268,100,000
43,250,000

271,053,468
2,074,185
2,074,185
765,386,744

116,356,349
7,480,593
7,480,593
02,046,423,358

49,608,800
49,608,800
2,861,418,902

39,766,900
39,766,900
805,153,644

9,841,900
9,841,900
2,056,265,258

1,175,478,320
1,175,478,320
4,036,897,222

17,521,000
895,817,648
913,338,648
1,718,492,292-17,521,000
279,660,672
262,139,672
2,318,404,930

2) Other Non Current Assets
Building structures
Leasehold Improvements
Office equipment and fixtures
Furniture
Equipment and fixtures
Video equipment
Software
Long-term deposit
Office rent and others
Total Non Current Assets
Total Assets
II. Liabilities
1. Current Liabilities
Accounts payable (Grants etc.)
Grants for MSF France
Grants for MSF Spain
Grants for MSF Switzerland
Grants for MSF Holland
Grants for MSF Belgium
Grants for WaCA
Accounts payable (Other national expenses)
Deposits received etc.

OthersTotal Current Liabilities
2. Non Current Liabilities
Provisions for retirement benefits
Total Non Current Liabilities
Total Liabilities
III. Net Assets
Earmarked Net Assets
Non-Earmarked Net Assets
Total Net Assets
Total Liabilities and Net Assets