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FINANCIAL STATEMENTS |
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STATEMENT I: Statement of Financial Position |
as at December 31, 2020 (in thousands of Swiss francs) |
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Note December 31, 2020 December 31, 2019 |
ASSETS |
Current assets |
Cash and cash equivalents 3 143,540 206,031 |
Investments 4 116,116 18,304 |
Contributions receivable 5 1,547 2,369 |
Exchange transactions receivable 5 66,792 73,258 |
327,995 299,962 |
Non-current assets |
Investments 4 672,344 529,725 |
Intangible assets 6 24,028 24,461 |
Property, plant, and equipment 7 358,491 363,539 |
Other non-current assets 8 7,995 8,185 |
1,062,858 925,910 |
TOTAL ASSETS 1,390,853 1,225,872 |
LIABILITIES |
Current liabilities |
Payables and accruals 9 15,531 24,036 |
Employee benefits 10 14,405 11,282 |
Transfers payable 11 98,228 94,492 |
Advance receipts 12 317,841 313,787 |
Finance lease 15 104 - |
Provisions 13 986 1,811 |
Current accounts 71,707 67,623 |
518,802 513,031 |
Non-current liabilities |
Employee benefits 10 480,936 344,942 |
Finance lease 15 415 - |
Advance receipts 12 3,637 3,672 |
484,988 348,614 |
TOTAL LIABILITIES 1,003,790 861,645 |
Accumulated Surpluses 565,601 418,413 |
Special Projects Reserve 28,173 39,490 |
Revaluation Reserve Surplus 20,368 18,532 |
Actuarial gains/(losses) through Net Assets -233,421 -118,550 |
Working Capital Funds 6,342 6,342 |
NET ASSETS 387,063 364,227 |
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The accompanying notes form an integral part of these financial statements |
Director General |
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en |
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22 |
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WIPO ANNUAL FINANCIAL REPORT AND FINANCIAL STATEMENTS 2020 |
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STATEMENT V: Statement of Comparison of Budget and Actual Amounts - Revenue |
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for the year ended December 31, 2020 |
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(in thousands of Swiss francs) |
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Original Budget 2020 Updated Budget 2020 Actual Revenue on comparable basis 2020 Difference 2020 |
(1) (2) (3) |
Assessed contributions 17,377 17,377 17,492 115 |
Fees |
PCT system 327,230 349,200 358,557 9,357 |
Madrid system 79,375 72,610 76,209 3,599 |
Hague system 6,067 5,270 6,667 1,397 |
Lisbon system 25 25 7 -18 |
Sub-total fees 412,697 427,105 441,440 14,335 |
Arbitration and Mediation 1,650 1,650 2,091 441 |
Publications 384 384 498 114 |
Other/miscellaneous 1,822 1,822 1,416 -406 |
TOTAL REVENUE 433,930 448,338 462,937 14,599 |
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(1) Original Budget represents the first year of the approved Program and Budget for the 2020/21 biennium. |
(2) Updated Budget includes updated revenue estimates for the PCT, Madrid and Hague systems as per the October 2020 Forecast from the Department for Economics and Data Analytics. |
(3) Represents the difference between the Updated Budget 2020 and actual revenue on a comparable basis for the year ended December 31, 2020. |
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