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AIDS Council audited 2010 financial statements
October 31, 2011
PDF version (2.25MB) - Chairman's Statement
PDF version (2.98MB) - Financial Statement Summary
PDF version (3.93MB) - Full Financial Report
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I take great pleasure in reporting on the audited financial statements
of National AIDS Council for the year ended 31st December 2010.
The Council helped the country to cover ground in scaling up access
to HIV & aids services in Zimbabwe.
The operating environment was characterized by both economic and
political stability. The economy registered growth of 8% compared
to 5% in 2009, a development that resulted in increased AIDS Levy
collections. Inflation for the year was 2.7%. the marginal increase
in prices of goods and services kept plans realistic and made implementation
of activities more predictable.
The world economic
recession experienced in 2009 resulted in the reduction of funding
of national multi-sectoral response to HIV by funding partners.
In the process some implementing partners folded their operations
leaving gaps that were not covered.
was established by Act of Parliament
Chapter 15:14. It also administers the National Trust Fund (NATF).
THE Fund is commonly referred to as AIDS levy and is 3% of pay as
you earn (PAYE) and 3% of income tax levied on companies. The levy
is collected on behalf of the Council by Zimbabwe Revenue Authority
(ZIMRA) and remitted to NAC on a monthly basis.
The 2010 financial
statements have been prepared in compliance with the provisions
of the Public Finance Management Act (Chapter 22.19), the National
AIDS Council Act (Chapter 15:14) and international Financial Reporting
the NATF are utilized according to percentages that were set by
NAC Board for each thematic area, which are as follows:
- Care and
- M &E,
Programme Management and Coordination 6%
logistics support 29%
- Grants from
donors are used in line with the specific grant agreements
procurements are guided by the State Procurement Board Act. The
turn-around time for procuring high value items, particularly medicines
and medical equipment averages three months and the funds earmarked
for these procurements are invested in the money market to allow
the due procurement process to be conclude/ finished.
The total income that accrued during the period under review was
$39.9 million compared to $21.3 million in the previous year. Of
the $39.9 million $20.5 million came from the AIDS levy compared
to $5.7 million in the previous year. The 259% increase in the collections
was mainly through the increased capacity utilisation by industry
and commerce. I want to applaud the law abiding citizens and corporate
who paid their individual and corporate taxes on time for this remarkable
The donor community brought in $10.7 million to $15.6 million in
2009. Global Fund fight AIDS, TB and Malaria contributed $17.4 million
compared to $14.3 million of this amount in the previous year. I
wish to register my appreciation to the donors who brought into
the country resources to help us respond accordingly to the pandemic.
Total expenditure stood at $42.8 million compared to $11.3 million
in 2009. I am however pleased to note that 79% ($33.9 million) of
this expenditure was on activities HIV &AIDS response initiatives.
The two major components of the response namely prevention and care
and treatment accounted for $9.4 million and $22.1 million respectively
of the $39.3 million.
Response to HIV & AIDS
The country has 1.2 million people living with HIV with a prevalence
rate of 13.6% compared to 14.3% in 2009. New infection dropped significantly
to 0.85% during the period from about 1% to the previous year. 347
172 people against the total of 593 168 people who are in urgent
need of treatment were on treatment. The number of people who need
ARVs treatment increased because of change of treatment guidelines
by World Health Organisation (WHO) during the course of the year.
The new guidelines require patients with CD4 count level of 350
to be initiated on treatment as compared to CD4 count of 200 previously
used. The 347 172 patients who were on treatment were funded as
follows Global Fund 35%, US Government 18%, Expanded Support Programme
led by the department of International Development (DFID) United
Kingdom 22%, AIDS Levy 24% and others including private sector 1%.
It is sad to note that 76% of our patients on treatment were funded
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