Ordinary General Assembly19.11.2019

Finance & Audit and Compliance

3

Finance & Audit Compliance

Audited Financial Statements 2018

Audit and Compliance report

Budget 2020

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Finance & Audit Compliance

• Audited Financial Statements 2018 (annex 7)

2018ACTUALS 2019 202020172016

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REVENUESCHF 59’573’748

EXPENSESCHF 58’849’600

CHF 724’148

Audited Financial Statement 2016

NET RESULT

Audited Financial Statements 2018

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Audited Financial Statement 2016Main differences with 2018 budget

Revenues in ‘000 CHF

Sponsorship revenue: Value in kind (Top Partner) +3’003

Operational revenue: Calendar Fee & Organising Dues Hosting Fee Anti-doping & welfare

+1’173+1’400+408

Provision release: WEG provision releases +4’228

Audited Financial Statements 2018

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Audited Financial Statement 2016Main differences with 2018 budget

Expenses in ‘000 CHF

Commercial expenses: Value in kind (Top Partner) +3’003

Operational expenses: -2’003

G&A expenses: Other expenses (WEG) +3’149

Audited Financial Statements 2018

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• Sponsorship PM

• Sponsorship OC

19’094

DE

TA

ILS

COMMERCIAL EXPENSES

27’582

• Activation Exp.• Sponsorship Trav. • Expenses Others

2’433

• TV Rights • Internet Expenses

5’104

• Marketing• Licensing • Online Shop

951

SPONSORING21’527

BROADCAST & MARKETING

6’055

Audited Financial Statements 2018

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Audited Financial Statements 2018

NET FINANCIAL RESULT

2’545 negative performance of the portfolio

For 2019, as of October 1 the results of the portfolio amounted to 2’646 profit

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Audited Financial Statements 2018

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Audited Financial Statement 2016Allocation proposal of the surplus Amounts in

‘000 CHF

Solidarity projects paid by regular FEI p&l instead of the fund 521

Extraordinary allocation to Solidarity fund 1’000

Decision not to use IT fund 25

Decision not to use building renovation Fund 54

Decision not to use EADCMP provision 69

Total allocated surplus 1’669

Audited Financial Statements 2018

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QUESTIONS

APPROVAL BY THE GA

Audited Financial Statements 2018

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Finance & Audit Compliance

•Audit and Compliance report Brian Mangan (annex 8)

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Finance & Audit Compliance

Release of the Board & Secretary General for 2018

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Finance & Audit Compliance

APPOINTMENT OF FEI AUDITORS

Price Waterhousecoopers (PWC) Lausanne

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Finance & Audit Compliance

Approval of the financial charges

(annex 11)

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Finance & Audit Compliance

• Budget 2020 (annex 13)

2020BUDGET2016

20192017 2018

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REVENUES in ‘000 CHF

Commercial Revenues 30’232

Operational Revenues:• Calendar & Organising dues• Anti-doping & Welfare

6’8804’300

Non-Operational Revenues:• IOC Contribution • Contribution from Funds

15’4252’461

Budget 2020

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EXPENSES in ‘000 CHF

Commercial Expenses 23’208

Operational Expenses:• Professional Fee/Consulting • Education• Anti-doping & Welfare

4’7171’113

4’244

G&A Expenses:• Staff Charges 15’385

Budget 2020

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QUESTIONS

APPROVAL BY THE GA

Budget 2020

Thank You

Ordinary General Assembly19.11.2019