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News for 2017, July - Show latest items

AMF granted tax-deductible status for donors in Denmark


We are delighted to report that AMF now has tax-deductible status for donors in Denmark.

AMF has been granted this status effective 01 January 2017 by SKAT, Denmark’s tax authority, so any donations made to AMF on or after that date can be considered tax deductible by the donor.

Note: All online donations from Danish residents automatically receive an acknowledgement with a link to a downloadable tax receipt. For those wishing to make donations by bank transfer or cheque, the relevant bank account and address information can be found on our donations page, and tax receipts are sent on request.


Accounts for FY to 30 June 2017 (unaudited) now available


Our Financial Year ended yesterday at midnight and, as part of our commitment to efficiency, our annual accounts have been generated and are available to view on our Easier-to-understand accounts page.

We are able to show our pre-audit numbers within a few hours of the end of our financial year due to the level of automation of our financial systems which brings a number of benefits:

  1. Accurate management information - On any aspect of our finances at any time
  2. Improved transparency - For management, governance and audit purposes
  3. Improved efficiency - Minimal administrative input to prepare the accounts at year end (data is entered most working days during the year)
  4. Swift production of our annual accounts - Within 24 hours of the FY end i.e. once the closing balances on our accounts are known the next day
  5. Assisting our auditors - Swift availability of our draft annual accounts to give our auditors maximum flexibility in scheduling their work
  6. Keeping stakeholders up to date – Providing donors, trustees and other stakeholders with timely information on our financial status and performance

A further benefit is we now have 'real-time' financials in our 'Easier-to-Understand' section of our financial information.




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