NAPMA Financial Aspects

Following a North Atlantic Council decision, NAPMA Financial Statements have been prepared in accordance with the accounting requirements of the NAPMO Financial Regulations (NFRs) and the Financial Rules and Procedures (FRP).

The NAPMA Financial Statements have been prepared on the accrual basis of accounting in accordance with the NATO Accounting Framework which is based upon the lnternational Public Sector Accounting Standards (IPSAS).

NAPMA's overall activities are funded by Member Nations through project and related administrative Budgets. Each nation participating in the programme contributes to the costs according to an approved cost sharing formula agreed to by each country.

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