“Free-to-bee honey“ (F2B) is a fictional company that exports honey from China to Western Europe and the United States. F2B purchases honey from approximately 6,000 smallholder farmers and operates a packaging facility in rural Eastern China where it produces organic honey for export. F2B purchases exclusively from smallholder farmers and provides technical assistance and group based training to suppliersin order to improve farmers’ honey yields. Western consumers purchase F2B honey both because of its unique flavor and the company’s commitment to being an environmentally and socially conscious organization that supports smallholder farmers.
Report Sections:
Organization Description
Product Description
Financial Performance
Operational Impact
Product Impact
This report represents an example of how an organization might produce a performance report using the IRIS framework. The data and the organization in the report are fictional.
Consolidated IRIS Report (Q2 2010)
Organization Description
| Report Information | |
|---|---|
| IRIS ID | 65676778 |
| Report Start Date | Apr 1, 2010 |
| Report End Date | June 30, 2010 |
| Reporting Currency | CNY |
| Organization Description | |
| Name of Organization | Free-to-bee Honey |
| Location of Organization's Headquarters | Group 1, Libo Village, Mudo County, Suzhou City, China |
| Legal Structure | Corporation |
| Customer Model | B2B |
| Mission Statement | To deliver the highest quality honey and honey products around the world while increasing the capacity and income of Chineese beekeepers and maintaining sustainable land use practices. |
| Social Impact Objectives |
- Agricultural productivity - Capacity-building - Income/productivity growth |
| Environmental Impact Objectives | - Sustainable land use |
Product Description
| Organic Honey | |
|---|---|
| Product/Service Type | Agriculture |
| Product/Service Detailed Type | Livestock processed |
| Product/Service Description | Organic Honey |
| Unit of Measure | Metric tonnes |
| Livestock/Fish Type | Honey |
| Target Beneficiary Socioeconomics |
- Poor - Very Poor |
| Target Beneficiary Location | - Rural |
| Client Locations |
- BELGIUM - FINLAND - GERMANY - UNITED KINGDOM - UNITED STATES |
| Supplier Locations | - CHINA |
| Certifications |
- OCIA Organic, certified since February 2008 - USDA Organic, certified since March 2008 |
Financial Performance
| Income Statment | |
|---|---|
| Earned Revenue | ¥25,406,504 |
| Cost of Goods Sold | ¥19,054,878 |
| Gross Profit | ¥6,351,626 |
| Selling, General, and Administration Expense | ¥4,258,634 |
| Operating Expense | ¥5,183,634 |
| Net Income | ¥494,120 |
| Balance Sheet | |
| Cash and Cash Equivalents- Period End | ¥1,215,480 |
| Equity or net assets | ¥2,245,307 |
| Ratios Concepts and Calculations | |
| Operating Profit Margin | 1.94% |
| Return on Equity (ROE) | 22.01% |
Operational Impact
| Governance and Policies | |
|---|---|
| Board of Directors | 5 |
| Board of Directors: Meeting Frequency | Annually |
| Code of Ethics | Yes |
| Local Compliance | No |
| Financial Statement Review | Yes |
| Supplier Evaluation | Yes |
| Environmental Management System |
- Policy statement documenting the organization's commitment to environment exists - Internal or external assessment undertaken of the environmental impact of the organization's business activities |
| Employees | |
| Permanent Employees | 23 |
| Full Time Employees: Female | 4 |
| Full-time Employees: Managers | 6 |
| Part-time Employees | 4 |
| Permanent Employee Wages | ¥88,500 |
| Full-time Wages: Females | ¥12,000 |
| Full-time Wages: Management | ¥33,900 |
| Part-time Wages | ¥9,600 |
Product Impact
| Quantity and Reach | |
|---|---|
| Units/Volume Sold | 375 (metric tonnes) |
| Units/Volume Sold:Certified | 375 (metric tonnes) |
| Sales | ¥25,206,108 |
| Sales:Certified | ¥25,206,108 |
| Units/Volume Exported | 356 (metric tonnes) |
| Sales from Exports | ¥25,006,229 |
| Quality and Performance | |
| Group-based Training | 4806 |
| Technical Assistance | 1254 |
| Supplier Information | |
| Supplier Individuals: Smallholder | 5760 |
| Payments to Supplier Individuals: Smallholder | ¥16,152,847 |
| Units/Volume Purchased from Supplier Individuals: Smallholder | 375 (metric tonnes) |