EB approves financial statements
The IOC Executive Board members approved last sunday audited financial statements on during their meeting in Singapore. The combined financial statements, part of the IOC Final Report 2001-2004, indicate the financial position of the IOC as of 31 December 2004 and include of the results of its activities, cash flows and changes in fund balance for the year. The audit was conducted in accordance with International Standards on Auditing and reported in accordance with International Financial Reporting Standards.
IOC Final Report 2001-2004
In addition to the financial statements, the 108-page IOC Final Report 2001-2004 details the work and activities of the International Olympic Committee during the last four years. Starting with a wrap-up of the IOC President’s first four years in office, the report also explains the changes in the IOC administration that have taken place following the 1999 audits and features reports on the two Olympic Games that have taken place in the last four years, as well as reports on all activity sectors of the IOC.
A testament to effort
IOC President Rogge says in his introduction to the publication says that the document “is a testament to the efforts made by the IOC members in their endeavours to bring Olympism to all corners of the globe, and a demonstration of the support given by the staff at the IOC administration.” The IOC issues a Final Report every four years and an Interim Report every two years. The report will be distributed to the larger Olympic Family, as well as to the media.
The IOC Final Report 2001-2004