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Annex 7 Audited Financial Statement Statement of Cash Flow THE PARTNERSHIP FOR GOVERNANCE REFORM For the Years Ended December 31, 2021 and 2020 Annex 7 Audited Financial Statement McMillan Woods INDEPENDENT AUDITORS' REPORT (Expressed in USD, unless otherwise stated) 2021 2020 CASH FLOWS FROM OPERATING ACTIVITIES Contributions Interest income Other income 5,552,268 32,962 36,027 4,828,953 25,944 40,239 Expenses (3,975,163) (5,433,389) Adjustment for increase in employee benefits obligation 4,816 14,380 (Decrease) in net assets from operating before changes in working capital 1,650,910 (523,873) (Increase) in program receivable (Increase) decrease in advances (Increase) decrease in prepaid expenses Increase (decrease) in accruals 215,543 18,183 49 (54,587) 36,036 1,753 Increase (decrease) in taxes payable (108,904) (544) 236,315 2,887 NET (DECREASE) IN CASH AND CASH EQUVALENT 1,775,237 (301,469) CASH AND CASH EQUIVALENT AT BEGINNING OF THE YEAR 2,140,872 2,442,341 CASH AND CASH EQUIVALENT AT END OF THE YEAR 3,916,109 2,140,872 See accompanying Notes to Financial Statements which are an integral part of the Financial Statements taken as a whole 88 | KEMITRAAN Annual Report 2021 4 No.: 00247/2.0641/AU.1/11/1670-1/1/XI/2022 Board of Trustees, Supervisory, Executive and Management THE PARTNERSHIP FOR GOVERNANCE REFORM We have audited the accompanying financial statements of The Partnership for Governance Reform ("the Organization"), which comprise the statement of financial position as of December 31, 2021, and the statement of activities and cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of such financial statements in accordance with Indonesian Financial Accounting Standards, and for such internal controls as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Standards on Auditing established by the Indonesian Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial 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 the auditor's 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, the auditor considers internal control relevant to the Organization's preparation and fair presentation of the Organization's financial statements 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. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of The Partnership for Governance Reform as of December 31, 2021, and statement of activities and cash flows for the year then ended, in accordance with Indonesian Financial Accounting Standards. RAMA WENDRA REGISTERED PUBLIC ACCOUNTANTS The Manhattan Square Mid Tower 18th Floor ATB Simatupang Jakarta 12560 Licensed No: KER3536/2004 Tel:+62 21 29407239 Fax +62 21 29407246 E-mail: [email protected] Web mcmilanwoods.co.id KEMITRAAN Annual Report 2021 | 89

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