Independent Auditor's Report

Mr. Hiroyuki Kato, the president
Not-for-Profit Organization Médecins Sans Frontieres Japon
We have audited the financial statements, comprising the balance sheet, the statement of financial
activities, 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, 2019.
Management's Responsibility for the Financial Statements

Management is responsible for the preparation of the financial statements in accordance withaccounting 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 thatare free from material 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. Those standards require that we plan and perform the audit to obtain reasonableassurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosuresin the financial statements. The procedures selected depend on our judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, we consider internal control relevant to the entity'spreparation of the financial statements in order to design audit procedures that are appropriate in thecircumstances, while the objective of the audit is not for the purpose of expressing an opinion on theeffectiveness of the entity's internal control. An audit also includes evaluating the appropriateness ofaccounting policies used and the reasonableness 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 theCertified Public Accountants Law of Japan.

March 17, 2020
Tokyo, Japan

Not-for-Profit Organization
Médecins Sans Frontières Japon

Balance Sheet
As of December 31, 2019
(Unit：JPY）

2019
Ｉ Assets
1. Current Assets
Cash and deposit with banks
Accounts receivable
Prepaid expenses
Advances
Other current assets

2018

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

1,354,727,063
200,324,585
12,553,957
168,000
15,003,429

774,691,698
18,965,875△ 684,675
313,877
8,532,909

57.2%
9.5%
△5.5%
186.8%
56.9%

2,384,596,718

1,582,777,034

801,819,684

50.7%

32,773,357

17,521,000

15,252,357

87.1%

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

17,949,288
38,623,068
17,491,494
42,299,540
149,136,747

27,897,075
22,651,992
26,072,191
41,573,000
135,715,258△ 9,947,787 △35.7%
15,971,076
70.5%△ 8,580,697 △32.9%
726,540
1.7%
13,421,489
9.9%

Total Assets

2,533,733,465

1,718,492,292

815,241,173

47.4%

Total Current Liabilities

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

763,312,559
2,074,185
765,386,744

694,269,408
845,481695,114,889

91.0%
40.8%
90.8%

2. Non Current Liabilities
Provisions for retirement benefits
Total Non Current Liabilities
Total Liabilities

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

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

9,554,100
9,554,100
704,668,989

24.0%
24.0%
87.5%

32,773,357
991,137,475

17,521,000
895,817,648

15,252,357
95,319,827

87.1%
10.6%

Total Net Assets

1,023,910,832

913,338,648

110,572,184

12.1%

Total Liabilities and Net Assets

2,533,733,465

1,718,492,292

815,241,173

47.4%

Total Current Assets

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

Ⅱ Liabilities
1. Current Liabilities
Accounts payable
Deposits received etc.

Ⅲ Net 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, 2019
(Unit：JPY）

2019
AmountRatio

2018
AmountRatio

ChangesAmountRatio

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(2) Operating Expenditures
Social Mission Expenditures (①＋②①＋②+③＋④＋⑤①＋② ③＋④＋⑤)③＋④＋⑤① 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
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
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
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

10,852,784,410 100.0%
10,244,785,008 94.4%
5.0%
539,999,588
0.6%
67,999,814
401,397,652
49,366,008
352,031,644
3,135,492
550,470
2,585,022
11,257,317,554

8,490,258,305 100.0%
7,880,537,956 92.8%
6.2%
526,938,166
1.0%
82,782,183
417,614,460
149,564,903
268,049,557
2,283,095
605,939
1,677,1568,910,155,860

2,362,526,105
2,364,247,052
13,061,422△ 14,782,369△ 16,216,808△ 100,198,895
83,982,087
852,397△ 55,469
907,866
2,347,161,694

27.8%
30.0%
2.5%
△17.9%△3.9%△67.0%
31.3%
37.3%
△9.2%
54.1%
26.3%

9,120,893,412 84.0%
8,542,661,646 78.7%
8,528,685,292
13,976,354
0.9%
97,092,593
56,954,023
40,138,570
1.1%
119,350,457
78,743,172
40,607,285
0.2%
18,379,734
18,379,734
3.2%
343,408,982
92,089,013
143,940,63524,907,594
33,385,338
111,933
48,974,469
1,514,433,411 13.9%
143,691,984
932,143,157
273,502,506
51,814,881
18,036,756
95,244,127
2.1%
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
11,161,997,727 100.0%

7,015,735,017 81.5%
6,532,168,042 75.9%
6,520,831,042
11,337,000
0.6%
53,506,982
38,564,367
14,942,615
1.3%
111,352,989
76,753,217
34,599,772
0.4%
32,011,489
32,011,489
3.3%
286,695,515
95,122,890
131,151,055
5,474,839
25,329,725
1,953,215
27,663,791
1,400,485,784 16.3%
150,974,289
869,442,281
181,989,048
54,680,443
17,920,740
125,478,983
2.2%
191,108,334
130,621,485
14,568,965
45,917,884
297,048,315
21,759,408
29,436,831
118,638,605
127,213,471
8,904,377,450 100.0%

2,105,158,395
2,010,493,604
2,007,854,250
2,639,354
43,585,611
18,389,656
25,195,955
7,997,468
1,989,955
6,007,513△ 13,631,755△ 13,631,755
56,713,467△ 3,033,87712,789,580
19,432,755
8,055,613△ 1,841,282
21,310,678
113,947,627△ 7,282,305
62,700,876
91,513,458△ 2,865,562
116,016△ 30,234,856
33,862,019
20,260,709
7,040,841
6,560,469
4,652,236△ 449,248
1,483,532△ 9,934,108
13,552,060
2,257,620,277

30.0%
30.8%
30.8%
23.3%
81.5%
47.7%
168.6%
7.2%
2.6%
17.4%
△42.6%△42.6%
19.8%
△3.2%
9.8%
354.9%
31.8%△94.3%
77.0%
8.1%
△4.8%
7.2%
50.3%
△5.2%
0.6%
△24.1%17.7%
15.5%
48.3%
14.3%
1.6%
△2.1%
5.0%
△8.4%
10.7%
25.4%

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

5,778,410
890,039,238
895,817,648

89,541,417
5,778,410
95,319,827-738,743,447
723,491,090
15,252,357
17,521,000
32,773,357
1,023,910,832

316,182,510
298,661,510
17,521,000
17,521,000
913,338,648

422,560,937
424,829,580△ 2,268,643
17,521,000
15,252,357
110,572,184

12.1%

Not-for-profit Organization Médecins Sans Frontières Japon

Summary of Assets
As of December 31, 2019
（Unit: JPY）

2019
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.)
Accounts receivable
Donation receivable from outsourced vendor
Receivable from MSF Korea
MSF FranceMSF International Office etc.
Other MSF offices (Expatriates related expenses etc.)
Others
Prepaid expenses
Advances
Other current assets
Gold ingotSupplies
Suspense payment
Total Current Assets
2. Non Current Assets
1) Specific purpose funds
Reserve funds for grant to emergency program

2018

Changes

2,129,418,761
2,398,461
882,331,930
456,164,669
31,317,554
633,869,648
5,813,426
5,360,255
8,821,764
3,341,054
100,000,000
219,290,460
101,941,173
35,077,017
47,950,270
5,413,925
20,414,763
8,493,312
11,869,282
481,877
23,536,338
23,526,279
10,0592,384,596,718

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
200,324,585
101,556,354
7,678,650
35,262,017
13,754,211
41,115,220
958,133
12,553,957
168,000
15,003,429
14,814,343
37,802
151,284
1,582,777,034

774,691,698
576,878
239,852,317
330,533,294
14,521,931
170,160,570
2,525,499
4,358,391
8,821,764
3,341,054
18,965,875
384,819
27,398,367
12,688,253△ 8,340,286△ 20,700,457
7,535,179△ 684,675
313,877
8,532,909
8,711,936△ 37,802△ 141,225
801,819,684

32,773,357

17,521,000

15,252,357

17,949,288
17,949,288
38,623,068
4,088,139
34,480,637
54,292
17,491,494
42,299,540
42,299,540
149,136,747
2,533,733,465

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
1,718,492,292△ 9,947,787△ 9,947,787
15,971,076△ 3,163,304
20,302,490△ 1,168,110△ 8,580,697
726,540
726,540
13,421,489
815,241,173

1,210,605,439
847,605,439
242,000,000
121,000,000
246,976,528
2,919,666
2,919,666

492,259,091
348,259,091
96,000,000
48,000,000
271,053,468
2,074,185
2,074,185

718,346,348
499,346,348
146,000,000
73,000,000△ 24,076,940
845,481845,481

Total Current Liabilities

1,460,501,633

765,386,744

695,114,889

Total Non Current Liabilities
Total Liabilities

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

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

9,554,100
9,554,100
704,668,989

Total Net Assets
Total Liabilities and Net Assets

32,773,357
991,137,475
1,023,910,832
2,533,733,465

17,521,000
895,817,648
913,338,648
1,718,492,292

15,252,357
95,319,827
110,572,184
815,241,173

2) Other Non Current Assets
Building structures
Interior finishing (Air condition, Electricity and LAN)
Office equipment and fixtures
Furniture
Equipment and fixtures
Video equipment
Software
Long-term deposit
For office rent etc.
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
Accounts payable (Other national expenses)
Deposits received etc.

Others
2. Non Current Liabilities
Provisions for retirement benefits

III. Net Assets
Earmarked Net Assets
Non-Earmarked Net Assets