OPENSTREETMAP UGANDA“Building Maps for the Community”

AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

Audited by:Augustus Associates
Certified Public Accountants
P.O. Box 40210 Kampala (U),Musana Plaza Building,
Plot 1904 Ntinda, Kisaasi Road
Tel: 041 4 666 562;
E-mail: ajalliance2@gmail.com

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

TABLE OF CONTENTS
PAGE

ORGANIZATION INFORMATION.......................................................................................................3
BOARD OF DIRECTORS’ REPORT.....................................................................................................4
STATEMENT OF BOARD OF DIRECTORS’ RESPONSIBILITIES................................................6
INDEPENDENT AUDITOR’S REPORT................................................................................................7
STATEMENT OF FINANCIAL POSITION........................................................................................11
STATEMENT OF COMPREHENSIVE INCOME..............................................................................10
STATEMENT OF CHANGES IN EQUITY.........................................................................................12
STATEMENT OF CASH FLOWS........................................................................................................13
NOTES TO THE FINANCIAL STATEMENTS......................................................................................142

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

ORGANIZATION INFORMATION
Registered Office and Principal Place of Business
OpenStreetMap Uganda
P.O. Box 37682 Kampala (Uganda)
Plot 90 Kanjokya Street,
Kanjokya House, Level 4 Hive Colab Kamwokya
Tel: +(256) 780259295 ; +(256) 703813228
E-mail: info@mapuganda.org
Website: http://mapuganda.org
Bankers
Stanbic bank
Garden City branch
P.O.Box 7131 Kampala (Uganda)
Auditors
Augustus Associates
Certified Public Accountants
P.O. Box Kampala (U),Musana Plaza Building,
Plot 1904 Ntinda, Kisaasi RdTel: +256 414 666 562;
E-mail: ajalliance2@gmail.com

3

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

BOARD OF DIRECTORS’ REPORTThe Board of Directors submit their report together with the audited financial statements of
OpenStreetMap Uganda for the year ended 31 December 2017.
1. Principal Activity
OpenStreetMap Uganda’s objective is to build a network of mappers throughout Uganda.
2. Mission
To have a vibrant OpenStreetMap community in Uganda, which is unlimited, organised andgrowing to assist and get involved in National and global development goals.
3. Vision
To have a greater capacity for open data, open source, and applying these principals to assist
organizations and individuals locally, and internationally to manage and solve social, economic
and community challenges.
4. Objectives
The objectives for which the organization was established include:To build a network of mappers, capacity building to manage community challenges,
engaging in global sustainable development initiatives, promoting innovations and providing
training in OpenStreetMap.
Set up programmes to open awareness of the organization activities among citizens through,public lectures, seminars, workshops, research, publications and mapping events..



To create opportunities for members in the network to engage in global sustainable
development initiatives.

To create resilient communities that can respond to local, national and global efforts thatmeet sustainable development goals.

Liase with the private sector, civil society, and government in implementing national
development plans.

6. Results
The Organization results have been reported on page 10.
4OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

8. Board of Directors/Partners
The Board of Directors/Partners who were in office during the year and to the date of this report
were;
No
i.
ii.
iii.

Name
Douglas Ssebagala
Geoffrey Katerega
Deogratius Kiggudde

Representation
Director
Director
Director

10. Auditors
The organization’s auditor, Augustus Associates (Certified Public Accountants), being eligible,
has conveyed willingness to continue in office.

.....................................
Secretary....30....../...05......./2018

5

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

STATEMENT OF BOARD OF DIRECTORS’ RESPONSIBILITIESThe Non-Governmental Organizations Act 2016 of the laws of the Republic of Uganda requires
the Board of Directors to prepare financial statements for each financial year that give a true andfair view of the state of affairs of the organization as at the end of the financial year and of its
surplus or deficit. It also requires the Board of Directors to ensure that the organization keeps
proper accounting records that disclose, with reasonable accuracy, the financial position of theorganization. They are also responsible for safeguarding the assets of the organization.
The Board of Directors accept responsibility for the annual financial statements set out on pages
10 to 13, which have been prepared using appropriate accounting policies supported byreasonable and prudent judgements and estimates, in conformity with the International Financial
Reporting Standard for Small and Medium-sized Entities and the requirements of the NonGovernmental Organizations Act 2016, of the laws of the Republic of Uganda. The Board of
Directors are of the opinion that the financial statements give a true and fair view of the state of
the financial affairs of the organization and of its surplus/deficit for the year. The Board of
Directors further accept responsibility for the maintenance of accounting records that may berelied upon in the preparation of financial statements, as well as adequate systems of internalfinancial control.
Nothing has come to the attention of the Board of Directors to indicate that the organization will
not remain a going concern for at least twelve months from the date of this statement.
This statement was approved by the Board of Directors and signed on their behalf by:.......................................
...........................................
Director.....31..../...05../2018

6Director........./.........../2018

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

INDEPENDENT AUDITOR’S REPORTTo the members of OpenStreetMap Uganda
OpinionWe have audited the financial statements of OpenStreetMap Uganda, which comprise thestatement of financial position as at 31 December 2017, and the statement of comprehensive
income, statement of changes in equity and statement of cash flows for the year then ended, andnotes to the financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements give a true and fair view of the financial
position of OpenStreetMap Uganda as at 31 December 2017, and its financial performance andits cash flows for the year then ended in accordance with International Financial ReportingStandard for Small and Medium-sized Entities (IFRS for SMEs).
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (ISAs) andguidelines issued by the Institute of Certified Public Accountants of Uganda. Our responsibilities
under those standards are further described in the Auditor’s Responsibilities for the Audit of the
Financial Statements section of our report. We are independent of the organization in accordancewith the International Ethics Standards Board for Accountants’ Code of Ethics for Professional
Accountants (IESBA Code) together with the ethical requirements that are relevant to our auditof the financial statements in Uganda, and we have fulfilled our other responsibilities inaccordance with these requirements and the IESBA Code. We believe that the audit evidence wehave obtained is sufficient and appropriate to provide a basis for our opinion
Responsibilities of Management and Those Charged with Governance for the Financial
Statements
Management is responsible for the preparation and fair presentation of financial statements inaccordance with International Financial Reporting Standard for Small and Medium-sized
Entities, and for such internal control as management determines is necessary to enable the7OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017preparation of financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statements, management is responsible for assessing the organization’s
ability to continue as a going concern, disclosing as applicable, matters relating to going concern
and using the going concern basis of accounting unless management either intends to liquidate
the organization or to cease operations, or has no realistic alternative but to do so.
Those charged with governance are responsible for overseeing the organization’s financial
reporting process.
Auditor’s Responsibilities for the Audit of the financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as awhole are free from material misstatement, whether due to fraud or error, and to issue anauditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
is not a guarantee that an audit conducted in accordance with International Standards on Auditing
will always detect material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial
statements.
As part of an audit in accordance with International Standards on Auditing, we exercise
professional judgment and maintain professional skepticism throughout the audit. We also:







Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, design and perform audit procedures responsive to those risks, andobtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for
one resulting from error, as fraud may involve collusion, forgery, intentional omissions,misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the organization’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis ofaccounting and, based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the organization’s
ability to continue as a going concern. If we conclude that the material uncertainty exists,
we are required to draw attention in our auditor’s report to the related disclosures in thefinancial statements or, if such disclosures are inadequate, to modify our opinion. Our
conclusions are based on the audit evidence obtained up to the date of our auditor’s
8OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017report. However, future events or conditions may cause the organization to cease tocontinue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves fair presentations.

We communicate with those charged with governance regarding among other matters, theplanned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
Report on Other Legal and Regulatory Requirements
As required by the Non-Governmental Organizations Act 2016, we report to you based on our
audit, that:
i.
ii.
iii.

We have obtained all information and explanations which to the best of our knowledge
and belief were necessary for the purposes of our audit;
In our opinion, proper books of account have been kept by the organization so far as
appears from our examination of those books; andThe organization’s statement of financial position and statement of comprehensive
income are in agreement with books of account.

The engagement partner on the audit resulting in this independent auditor’s report is CPA
Augustine Lule – P0169....................................
CPA Augustine Lule
Augustus Associates
Certified Public Accountant
Kampala……30/…05…/ 20189

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 201710

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

STATEMENT OF COMPREHENSIVE INCOME
Notes

31.12.2017
Shs

3
4

75,813,363
27,033,400

INCOME
Sponsorship
Ticket sales
Total

102,846,763

EXPENSES
Administrative costs
Operating costs
Finance costs

5
6
7

16,594,500
75,062,566
4,145,776

Total

95,802,842

Surplus for the year

7,043,921

The notes on pages 14 to 18 form an integral part of this Financial Statement.
Report of the independent auditor is on page 8 to 10
The accounts were approved by the Director’s and signed on its behalf by:……………………….
…………………………
Director...30.........../..05......./2018

11

Director........./.........../2018

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

STATEMENT OF FINANCIAL POSITION
Notes

31.12.2017
Shs

88,543,921

Current Assets
Cash and cash equivalents
Total Current Assets

8,543,921

Current Liabilities
Accounts payable91,500,000

Total Current Liabilities

1,500,000

Net Current Assets

7,043,921

FUNDED BY:
Accumulated reserve

7,043,921

Accumulated Fund

7,043,921

The notes on pages 14 to 18 form an integral part of this Financial Statement.
Report of the independent auditor is on page 8 to 10
The accounts were approved by the Director’s and signed on its behalf by:Director......30......../...05....../201812…………………………
Director........./.........../2018

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

STATEMENT OF CHANGES IN EQUITYPARTICULARSAs at 01.01.2017

ACCUMULATEDRESERVES
Shs

TOTAL
Shs
-

-

Surplus for the year

7,043,921

7,043,921

As at 31.12.2017

7,043,921

7,043,921

The notes on pages 14 to 18 form an integral part of this Financial Statement.
Report of the independent auditor is on page 8 to 10

13

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

STATEMENT OF CASH FLOWS
31.12.2017
Shs
Cash flows from Operating Activities
Surplus
Adjustment for;
Forex exchange gain

7,043,921

Operating Profit before Working Capital Changes

7,043,921-

Adjustments to Current Assets and Liabilities(Increase)/Decrease in accounts payable

1,500,000

Cash inflows used in operating activities

1,500,000

Net Increase in cash and cash equivalents

8,543,921

Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
The notes on pages 14 to 18 form an integral part of this Financial Statement.
Report of the independent auditor is on page 8 to 10.

148,543,921

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

NOTES TO THE FINANCIAL STATEMENTS
1. Status of the entity
OpenStreetMap Uganda is registered as a Non-Governmental Organization on 25 November
2017 with registration number S.5914/12829. The organization was issued a permit in the first
instance for a period of 48 months from 25 November 2016.
The organization was also registered with the Registrar of Companies as a company limited byguarantee on 27 April 2017 with registration number BRS-INCC-6-17/15358.
2. Significant accounting policies
The principal accounting policies adopted in the preparation of these financial statements are
set out below. These policies have been consistently applied to all year’s presentations unlessotherwise stated.
a) Basis of preparation
The financial statements of the organization have been prepared in accordance with theInternational Financial Reporting Standards for Small and Medium-sized Entities (IFRS for
SMEs). The financial statements are presented in Uganda Shillings (Shs), which is also thefunctional currency.
The preparation of financial statements in conformity with IFRS for SMEs requires the use of
estimates and assumptions that affect the reported amounts of assets and responsibilities anddisclosure of contingent assets and liabilities at the date of the financial statements and thereported amounts of revenues and expenses during the reporting period. Although theseestimates are based on the Board’s best knowledge of current events and actions, actual results
ultimately may differ from those estimates.
Going concern
Nothing has come to the attention of the Board of Directors to indicate that the organization
will not remain a going concern for at least the next twelve months from the date of this report.
Therefore the financial statements have been prepared on a going concern basis.
Key sources of estimation uncertainty
There were no estimates made by management during the year.
b) Revenue recognition
Income from funding partners is recognized when received as donation.

15

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017c) Expenditure
Expenditure is recognized in the year in which the expenditure occurred.
d) Fixed assets
The organization’s fixed assets are not capitalised. They were expensed in the year ofpurchase. However, the organization maintains a list of fixed assets as a control measure.
e) Accounts payable
Accounts payables are obligations on the basis of normal credit terms and do not bear interest.
They are recognized at fair value in the books of accounts.
g) Translation of foreign currencies
Transactions denominated in foreign currencies during the year are converted into Uganda
shillings at rates ruling at the transaction dates. Foreign exchange gains and losses resulting
from the settlement of transactions and from the re-measurement of monetary items at year-end
exchange rates are recognized in statement of income and expenditure.
Monetary assets and liabilities, denominated in foreign currency are translated into Uganda
Shillings using the rate of exchange ruling at the statement of financial position date and thegains or losses on translation are included in the statement of income and expenditure for theyear in which they arise.
Non-monetary assets and liabilities denominated in foreign currency are translated into Uganda
Shillings at the foreign exchange rates ruling on the dates the transactions were effected.
h) Cash and cash equivalents
They comprise of cash on hand and deposits held at call with banks.
i) Comparatives
Comparatives have not been shown since this is the first audit.

16

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

(Notes to the financial statements continued)
31.12.2017
Shs
3.

Sponsorship
Mapillary sponsorship
HDX sponsorship
Youth mappers sponsorship
JRC sponsorshipMichelin
HOT scholarship

1,700,000
17,000,000
35,883,763
10,179,600
8,500,000
2,550,000
75,813,363

4.

Ticket sales
Ticket sales - Eventbrite
Ticket sales - Cash

26,183,400
850,000
27,033,400

5.

Administrative costs
Internet data
Printing
Equipment
Social evening
Football match
Audit fees

1,360,000
9,490,000
1,260,000
1,954,500
1,030,000
1,500,000
16,594,500

17

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 201731.12.2017
Shs
6.

Operating costs
Per diem
Communication
Air travel
Venue
Meals
Ground travel
Accommodation
Photos and videos

16,371,071
1,002,000
31,484,686
3,470,500
11,683,000
3,434,309
5,817,000
1,800,000
75,062,566

7.

Finance costs
Interest on loans
Bank charges

3,900,000
245,776
4,145,776

8.

Cash and cash equivalents
Stanbic bank
Cash at hand

6,722,821
1,821,100
8,543,921

9.

Accounts payable
Audit fees payable

1,500,000
1,500,000

18

OpenStreetMap Uganda
Audited Financial Statements
For the Year Ended 31 December 2017

10. Contingent Liabilities
There were no contingent liabilities as at 31 December 2017 from which material loss would be
anticipated from.
11. Events after the end of the reporting period
There were no events after the reporting period that required amendment or disclosure in thefinancial statements as at the date of this report.
12. Currency
The financial statements are expressed in Uganda shillings (Shs).

END

19