Shaping the Future Ioc Interim Report 2009–2010

CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

SHAPING THE FUTURE

To navigate this interactive document click on menu below. IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Message from the IOC President 01 Shaping the Future 03 Shaping the Future 03 The Role and Structure of the IOC 04 The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06 Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 Educate Youth through Sport 12 Promote Olympism in Society 18 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 An Enduring Symbol 38 IOC Session Decisions and Membership 40 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Report of the Auditors and Combined 48 Financial Statements, 2009–2010 Financial Statements, 2009–2010 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 MESSAGE FROM THE IOC PRESIDENT

Message from the IOC President 01 I am pleased to present this Interim Report, which Looking ahead, I know we have a need to shape our future. highlights the International Olympic Committee’s Shaping the Future 03 We have never been busier—overseeing nine editions of activities and progress during 2009 and 2010. The Role and Structure of the IOC 04 the Olympic Games and Youth Olympic Games and following During this period we have worked towards fulfilling the up on the 66 recommendations to implement from the Ensure the Regular Celebration of the Olympic Games 06 missions of the IOC in accordance with the Olympic Olympic Congress. Charter including: Educate Youth through Sport 12 We will continue to be staunch allies for athletes as they are Promote Olympism in Society 18 • Ensuring the regular celebration of the Olympic Games. the heart of the Olympic Movement. So, too, are the youth of the world, from whom the athletes of the future are drawn. Lead and Support the Olympic Movement 26 • Educating youth through sport. It is for them that we aim to deliver the highest-calibre • Promoting Olympism in society. Maximise Performance: IOC Administration 34 Olympic Games and Youth Olympic Games. It is for them An Enduring Symbol 38 • Leading and supporting the Olympic Movement. that we will continue to lead the fight against doping and strive to combat irregular betting and match fixing. And it We also have demonstrated financial strength and stability. IOC Session Decisions and Membership 40 is for them that we will continue to place sport at the service For that I extend sincere thanks to the IOC members of humankind. Worldwide Olympic Partners 47 and stakeholders—particularly to the National Olympic Report of the Auditors and Combined 48 Committees, International Federations, Games Organising In doing all this, we will also honour the legacy of Juan Financial Statements, 2009–2010 Committees, athletes, Worldwide Olympic Partners, Antonio Samaranch. His impact on the Olympic Movement rights-holding broadcast partners, and our competent and will last far beyond his time on Earth. May his devotion to our enthusiastic staff. cause inspire us all. In 2009 we organised an Olympic Congress which was an opportunity for the Olympic Movement to take stock—to consider where it has been and where it is going. The result was 66 recommendations which are helping to strengthen and improve the Olympic Movement for generations to come. Jacques Rogge The 2010 Olympic Winter Games in Vancouver were unforgettable. The festive atmosphere in the stadiums and on the streets set the tone for a global celebration of sport. The inaugural Youth Olympic Games in Singapore the same year were magnificent, delivering extraordinary Olympic moments and showing us that a new generation of athletes is ready to share and embrace the Olympic Values.

1 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

2 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 SHAPING THE FUTURE

Message from the IOC President 01 THERE IS NO TIME Shaping the Future 03 The Role and Structure of the IOC 04 LIKE THE PRESENT TO Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 SHAPE THE FUTURE. Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

3 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 THE ROLE AND STRUCTURE OF THE IOC

Message from the IOC President 01 The International Olympic Committee (IOC) acts as a The IOC Members are volunteers who represent the IOC Shaping the Future 03 catalyst for collaboration amongst all members of the and Olympic Movement in their country and meet once each Olympic family—from the National Olympic Committees year at the IOC Session. The IOC President and Executive The Role and Structure of the IOC 04 (NOCs), the International Federations (IFs), the athletes Board—15 IOC members elected by the Session—have Ensure the Regular Celebration of the Olympic Games 06 and the Organising Committees for the Olympic Games, general responsibility for the administration and management to the Worldwide Olympic Partners, broadcast partners of the IOC’s affairs. In addition, the President may establish Educate Youth through Sport 12 and recognised organisations. specialised IOC Commissions to study certain subjects and recommend actions to the Executive Board. In 2010 there Promote Olympism in Society 18 The IOC leads the effort to place sport at the were 26 commissions. The IOC is further supported in its service of humankind—a philosophy of life called Lead and Support the Olympic Movement 26 work by the IOC administration, led by its Director General. Olympism that was conceived by Pierre de Coubertin, Maximise Performance: IOC Administration 34 the IOC’s founder. Together these individuals and groups comprise a An Enduring Symbol 38 collaborative team focused on the singular goal of the Olympic Movement: to blend sport, culture and education to IOC Session Decisions and Membership 40 help build a better and more peaceful world. Worldwide Olympic Partners 47 In accordance with this goal—and as speciﬁed in the Olympic Report of the Auditors and Combined 48 Charter—the IOC oversees a wide range of programmes and Financial Statements, 2009–2010 projects organised primarily around four streams of activity: • Ensure the regular celebration of the Olympic Games. • Educate youth through sport. • Promote Olympism in society. • Lead and support the Olympic Movement.

4 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 THE IOC LEADS THE Ensure the Regular Celebration of the Olympic Games 06 EFFORT TO PLACE Educate Youth through Sport 12 Promote Olympism in Society 18 SPORT AT THE SERVICE Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 OF HUMANKIND. An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

5 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 ENSURE THE REGULAR CELEBRATION OF THE OLYMPIC GAMES

Message from the IOC President 01 The Olympic Games are the centrepiece of the Olympic At the Vancouver 2010 Olympic Winter Games, billions Shaping the Future 03 Movement. They are a spectacular celebration of sporting shared the dreams fulﬁlled and the dreams cut short. excellence that showcase the world’s best athletes. They grieved the tragic loss of Nodar Kumaritashvili at the The Role and Structure of the IOC 04 same time as they bore witness to the legacy of courage But they are also something more. The Games help bring he left behind. Ensure the Regular Celebration of the Olympic Games 06 Olympic values to life. The Olympic Games provide the global Educate Youth through Sport 12 stage upon which men and women from different countries, It is for the athletes that the IOC has a mission to: cultures, religions and ethnic groups remind us of our • Maintain the quality of the Olympic Games. Promote Olympism in Society 18 common humanity as they share experiences and compete Lead and Support the Olympic Movement 26 in an atmosphere of goodwill and fair play. • Further enhance the experience of the Olympic Games. Maximise Performance: IOC Administration 34 • Ensure the relevance of the Olympic Games. An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

6 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 THE OLYMPIC Ensure the Regular Celebration of the Olympic Games 06 GAMES ARE A Educate Youth through Sport 12 Promote Olympism in Society 18 SPECTACULAR Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 CELEBRATION An Enduring Symbol 38 OF SPORTING IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 EXCELLENCE. Report of the Auditors and Combined 48 Financial Statements, 2009–2010

7 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE MAINTAIN THE QUALITY OF IOC INTERIM REPORT 2009–2010 THE OLYMPIC GAMES

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 The Vancouver 2010 Olympic Winter Games delivered 17 Report of the Auditors and Combined 48 unforgettable days of sport at the highest level. A record 82 National Olympic Committees (NOCs) participated, with six Financial Statements, 2009–2010 NOCs competing for the ﬁrst time. More than 40 per cent of the 2,566 competing athletes were women. In sporting achievements, fans around the world will long remember such gripping moments as Canada’s dramatic overtime victory against the USA in men’s ice hockey, snowboard king Shaun White nailing his trademark Double McTwist 1260, Lindsey Vonn scoring the women’s downhill win, Didier Defago’s thrilling victory in the men’s downhill, and Kim Yu-Na’s mesmerising show of elegance and athleticism to earn a world record score in women’s ﬁgure skating.

8 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE VANCOUVER 2010 IOC INTERIM REPORT 2009–2010 BY THE NUMBERS

Message from the IOC President 01 In terms of legacy, the 2010 Winter Games were more than 17 days of Olympic Games 31,902 television broadcast just “green”. Vancouver’s organising committee encompassed events hours, almost double the Shaping the Future 03 amount in Turin 2006 a legacy with social and economic opportunities as well 2,566 athletes, including more The Role and Structure of the IOC 04 as environmental benefits. The committee created a new than 40 per cent women 99 per cent of Canadians Ensure the Regular Celebration of the Olympic Games 06 sustainability governance model for large sports event receiving Games coverage organisations, new reporting frameworks and a sustainable 7 sports More than 6,000 hours of Educate Youth through Sport 12 toolkit for major sports events. It also demonstrated how a Record participation by 82 coverage available on mobile National Olympic Committees Promote Olympism in Society 18 venue programme can be designed for legacy use and built phones for the first time to minimise environmental impact; how partnerships with (NOCs), including 6 for the Lead and Support the Olympic Movement 26 aboriginal people can make a Games stronger; how socially first time Over 50,000 hours of coverage available across all and economically disadvantaged groups can participate in 26 nations receiving medals, Maximise Performance: IOC Administration 34 media platforms and benefit from the Games. including 2 countries winning An Enduring Symbol 38 their first Olympic Winter More than 265 million video Almost 1,000 recommendations resulted from the overall IOC Session Decisions and Membership 40 Games gold medals (Slovakia views on Internet and mobile Vancouver 2010 Games evaluation process, many of which and Belarus) platforms Worldwide Olympic Partners 47 were discussed during the IOC debriefing organised in Sochi. 18,500 volunteers More than 1.5 million Olympic fans in one month on the IOC Report of the Auditors and Combined 48 10,000 media representatives Financial Statements, 2009–2010 Facebook page Television audience of 1.6 billion viewers Coverage available on 235 TV stations and 100 websites around the world

9 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE FURTHER ENHANCE THE EXPERIENCE IOC INTERIM REPORT 2009–2010 OF THE OLYMPIC GAMES

Message from the IOC President 01 The experience of the Olympic Games—for athletes as well A further enhancement of the Olympic Games occurred Shaping the Future 03 as for fans and spectators at home and abroad—is closely with the IOC’s first-ever use of Facebook, Twitter, Flickr linked to their quality, and in this endeavour, the IOC and and YouTube to engage younger Olympic fans around The Role and Structure of the IOC 04 Games organisers also scored well. Post-Games surveys the globe, who are increasingly difficult to reach through Ensure the Regular Celebration of the Olympic Games 06 showed that some 95 per cent of athletes and officials said traditional media. their expectations were met or exceeded, and a similar The IOC launched its Facebook page one month before Educate Youth through Sport 12 number of spectators felt the same. the start of the Games, enabling fans to stay up to date Promote Olympism in Society 18 Broadcast hours reached unprecedented levels of quantity with activities and events whilst sharing their stories about Lead and Support the Olympic Movement 26 and quality, advancing the IOC’s mandate—set forth in the Vancouver 2010. By the time the Games ended, the page Olympic Charter—to ensure the widest possible audience for had attracted more than 1.5 million fans and generated Maximise Performance: IOC Administration 34 the Olympic Games. nearly 200 million impressions. An Enduring Symbol 38 With record television audiences around the world, Vancouver Social media allows the IOC to go where the fans are and IOC Session Decisions and Membership 40 was broadcast in over 220 territories with total broadcast lets them have their say. Editorial content tailored to what fans coverage exceeding 31,000 hours globally—almost double want and like moves Olympism closer to its audience, whilst Worldwide Olympic Partners 47 that in Turin in 2006. geotargeting reaches specific communities in their own language with materials that interest specific groups. When Report of the Auditors and Combined 48 The Vancouver Games were digital Winter Games, with online the IOC launched, later in the year, a Chinese version of Financial Statements, 2009–2010 broadcast coverage on more than 100 websites. Online and Twitter called Weibo—complete with Chinese material written mobile phone coverage accounted for around half of the in Mandarin—the site gained close to 1.3 million followers. overall broadcast output from Vancouver. For the first time the Winter Games also were broadcast in high definition and 5.1 surround sound, offering first-class picture quality and an excellent viewer experience. In addition, this was the first Games broadcast by the Olympic Broadcasting Services (OBS), now fully integrated into the IOC. OBS, created by the IOC in 2001, achieved significant advancements, such as a 24-hour Olympic News Channel to widen the reach of the Games and a mobile phone feed to enhance digital media services.

10 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE ENSURE THE RELEVANCE IOC INTERIM REPORT 2009–2010 OF THE OLYMPIC GAMES

Message from the IOC President 01 To maintain the relevance and appeal of the Olympic Games, Another route to staying relevant is to refresh the sports on Shaping the Future 03 the IOC manages all aspects of the Games from a unified the Olympic programme during regular reviews. The IOC perspective called the 360° Games management approach. considers a number of factors when determining a sport’s The Role and Structure of the IOC 04 “360”, as it is known, was launched in 2007 to address the suitability for the Olympic Games, including youth appeal, Ensure the Regular Celebration of the Olympic Games 06 long-term strategic vision relating to each Games edition. universality, gender equity, popularity, good governance, Rather than only “doing things right”, the IOC also focuses respect for athletes, respect for Olympic values and general Educate Youth through Sport 12 on “doing the right things” because 360 takes a holistic value added to the Olympic Programme. approach to better understand the big picture and involve Promote Olympism in Society 18 In 2009, the IOC Session voted to include golf and rugby more stakeholders in assessing the mid- to long-term risks sevens to the programme for the 2016 Summer Games Lead and Support the Olympic Movement 26 and opportunities surrounding the staging of the Games. in Rio de Janeiro, out of seven sports seeking to enter the Maximise Performance: IOC Administration 34 In the past two years 360 has focused on a wider Games programme. Both are very popular and have global appeal. environment—the local culture, the role played by third An Enduring Symbol 38 In 2009, women’s boxing was approved for the programme parties in the success of the Games and the youth context. of the 2012 Summer Olympic Games in London as well as IOC Session Decisions and Membership 40 What do young people consume? How and why? Its work new events in cycling, canoe sprints, modern pentathlon and has been aided by six communities functioning as think Worldwide Olympic Partners 47 tennis. The changes reflect the IOC’s desire to continually tanks that cover all dimensions of successful Games: refresh the Olympic programme and its commitment to Report of the Auditors and Combined 48 Olympic product and experience; client services; image, increase participation by women. Financial Statements, 2009–2010 context and reputation; venues and infrastructure; finance and commercial; and Games operations. Initially staffed by Ski cross, a sport that appeals to a younger audience, was internal resources, the communities have been expanded to provisionally included at the Vancouver Games and will include external stakeholders as well. be maintained on the Winter Games programme, the IOC Executive Board decided in October 2010. Research also plays a big role in ensuring Games relevance. Results are used to support decisions, drive communication In addition, the city of Rio de Janeiro was elected as the host strategy, foster knowledge transfer between organising city of the Games of the XXXI Olympiad in 2016 at the 121st committees and support the sales process with rights-holding IOC Session in 2009, bringing the Olympic Games for the first broadcasters and Worldwide Olympic Partners. time to the continent of South America. The most recent research conducted after Vancouver 2010 shows that a positive shift in opinion towards the Olympic Games is particularly strong amongst young people. They find the Olympic Games relevant to their generation (60 per cent), a good role model for children (75 per cent) and an encouragement to participate in sport (77 per cent).

11 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 EDUCATE YOUTH THROUGH SPORT

Message from the IOC President 01 Sport educates youth because it teaches the Olympic Shaping the Future 03 values of excellence, friendship and respect. As young people strive for excellence on the ﬁelds of The Role and Structure of the IOC 04 play, demonstrate respect for their fellow players and Ensure the Regular Celebration of the Olympic Games 06 celebrate friendship, they learn valuable life lessons: that you don’t have to be a winner to be a champion, Educate Youth through Sport 12 that ﬂags don’t matter but people do. Promote Olympism in Society 18 The Olympic Movement has thrived for more than a century Lead and Support the Olympic Movement 26 because Olympic values don’t change. The world does change, however, and the IOC strives to stay strong and Maximise Performance: IOC Administration 34 relevant. That’s why the IOC: An Enduring Symbol 38 • Organises the Youth Olympic Games. IOC Session Decisions and Membership 40 • Uses sport as an educational tool. Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

12 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 SPORT TEACHES Ensure the Regular Celebration of the Olympic Games 06 THE OLYMPIC VALUES Educate Youth through Sport 12 Promote Olympism in Society 18 OF EXCELLENCE, Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 FRIENDSHIP AND An Enduring Symbol 38 RESPECT. IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

13 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE THE YOUTH IOC INTERIM REPORT 2009–2010 OLYMPIC GAMES

Message from the IOC President 01 The inaugural Youth Olympic Games (YOG) in Singapore in By the end of the Youth Olympic Games the best athletes Shaping the Future 03 2010 allowed the world’s top young athletes to come together of the world had thrilled audiences with performances of the for an inspiring and thrilling event that combined high-level highest level, underlining the quality of the sporting competition, The Role and Structure of the IOC 04 sports competitions with an attractive and modern culture while almost half of the 205 participating NOCs had enjoyed Ensure the Regular Celebration of the Olympic Games 06 and education programme. medal success, including a first Olympic gold medal for Vietnam and a first Olympic medal for Jordan. Educate Youth through Sport 12 Nearly 3,600 athletes aged 15 to 18 participated in the 12- day competition which included all 26 sports of the Summer In addition to participating in high-level competition, young Promote Olympism in Society 18 Olympic Games, with a smaller number of disciplines athletes took part in an ambitious Culture and Education Lead and Support the Olympic Movement 26 and events. Programme (CEP) which featured interactive booths, exhibitions and workshops set up in the heart of the Youth The format was innovative and featured events for teams of Maximise Performance: IOC Administration 34 Olympic Village. Five themes—Olympism, social responsibility, mixed genders and mixed nationalities. New disciplines were skills development, expression and well being & healthy An Enduring Symbol 38 also introduced that appeal to a younger audience—3-on-3 lifestyle—encompassed more than 50 activities that gave basketball, head-to-head sprints in canoe and kayak, and IOC Session Decisions and Membership 40 young athletes an easily accessible way to better understand combined discipline cycling—as well as new technology, such significant global issues affecting them. Three UN agencies Worldwide Olympic Partners 47 as the modern pentathlon laser gun. also helped to implement activities, along with the International Report of the Auditors and Combined 48 Federation of Red Cross and Red Crescent Societies, the Financial Statements, 2009–2010 World Anti-Doping Agency, the International Olympic Academy and the International Fairplay Committee. Three YOG Ambassadors—Usain Bolt, Yelena Isinbaeva and Michael Phelps—appeared in videos and online to inspire young competitors, answer their questions and raise the profile of the event. They were relayed, in Singapore, by 47 Athlete Role Models covering 26 sports that took part in the educational activities with the young participants at Games-time.

14 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Eighty per cent of the athletes said they learned something Shaping the Future 03 from the CEP and a full 90 per cent said they liked it. Eighty per cent of the athletes also felt that the level of competition was The Role and Structure of the IOC 04 similar to a continental or world championship; 90 per cent of Ensure the Regular Celebration of the Olympic Games 06 the international sports federations rated the competition format excellent or good. Educate Youth through Sport 12 The Youth Olympic Games are about inspiring youngsters to Promote Olympism in Society 18 be the best they can be but also to enjoy sport for sport’s sake Lead and Support the Olympic Movement 26 and continue enjoying it long after dreams of medals have faded. As IOC President Jacques Rogge—who spearheaded Maximise Performance: IOC Administration 34 the launch of the Youth Olympic Games—told the athletes, An Enduring Symbol 38 their participation would help them “learn the difference between winning and being a champion. To win, you merely IOC Session Decisions and Membership 40 have to cross the finish line first. To be a champion, you have Worldwide Olympic Partners 47 to inspire admiration for your character as well as for your physical talent.” Report of the Auditors and Combined 48 Financial Statements, 2009–2010 What IOC President Rogge called “truly inspirational Games” in his Closing Ceremony speech were delivered in less than three years, thanks to close collaboration amongst the Singapore 2010 Organising Committee, NOCs, International Federations and a dedicated team at the IOC. The first edition of the Winter Youth Olympic Games will kick off in Innsbruck, Austria, in January 2012. Athletes will compete in all seven Olympic winter sports, again with a smaller number of disciplines and events. The second summer edition will take place in Nanjing, China, in 2014. The candidature process for the second Winter edition in 2016 is currently under way with Lillehammer, Norway, as a Candidate City.

15 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 YOUTH OLYMPIC GAMES The Role and Structure of the IOC 04 BY THE NUMBERS Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 12 days of sports competitions 47 Athlete Role Models from the International Federations Promote Olympism in Society 18 and the IOC Athletes’ Commission offered advice and tips to 3,522 athletes ages 15 to 18; 52 per cent men and 48 per cent athletes through several Chats with Champions held before and women—record participation by women in an Olympic event Lead and Support the Olympic Movement 26 during the Youth Olympic Games. 26 sports Maximise Performance: IOC Administration 34 29 Young Reporters received specialised media training and An Enduring Symbol 38 Universal participation by 204 NOCs + 1 independent team actively provided content to the international media. IOC Session Decisions and Membership 40 5 per cent mixed-gender and/or mixed-NOC team events 1 coach’s oath that will be incorporated for the first time into future Olympic Games, starting with London 2012 Worldwide Olympic Partners 47 Athletes from 93 NOCs won medals, including a first Olympic medal for Vietnam (gold), Nauru and Jordan (silver). A total of 9 1 medal design competition, entries from more than 34 Report of the Auditors and Combined 48 NOCs won their first-ever Olympic medal. countries, top 10 favourites decided online by popular vote, 1 winner selected by an IOC jury Financial Statements, 2009–2010 Bronze medallist show jumper Dalma Rushdi Malhas—the first Saudi Arabian woman competing in an Olympic event— 10.7 million video downloads from a dedicated website and potentially opened the door for other Saudi female athletes. YouTube’s Youth Olympic Games Channel. At one point the channel was the third most-watched YouTube channel 3 YOG ambassadors—Usain Bolt, Yelena Isinbaeva and worldwide. Michael Phelps—inspired young competitors and raised the profile of the event. 1 million views across Facebook and Twitter 29 Young Ambassadors between the ages of 18 and 28 TV coverage in 160 territories encouraged their delegations to take full advantage of cultural and educational activities and take the Olympic values back to their communities. They represented all five continents and some 60 per cent were women.

16 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE SPORT AS AN IOC INTERIM REPORT 2009–2010 EDUCATIONAL TOOL

Message from the IOC President 01 The IOC continues its aim to use sport as an education tool. Under a new initiative called Museum 2020, the Museum Shaping the Future 03 Key elements of these efforts include the Olympic Museum will temporarily close at the end of 2011 for a major and the Olympic Values Education Programme (OVEP). renovation of infrastructure, layout and design and reopen The Role and Structure of the IOC 04 in 2013. Meanwhile, much of the museum’s collection will The Olympic Museum in Lausanne conserves and protects be viewable online, and exhibits will be set up in a temporary Ensure the Regular Celebration of the Olympic Games 06 the Olympic legacy with permanent and temporary exhibits, location nearby. Educate Youth through Sport 12 cultural events and educational programmes. The museum hosts close to 200,000 visitors annually, including 50,000 The Olympic Values Education Programme (OVEP)—a key Promote Olympism in Society 18 under age 16. The 3 million visitors mark since its opening in element of the IOC’s global youth strategy—is an ambitious Lead and Support the Olympic Movement 26 1993 was reached in February of 2009. The wider network of initiative to teach Olympic values. Launched in 2005, the IOC Olympic Museums—numbering 88 around the world, with at project was built on two pillars: a teaching manual and an Maximise Performance: IOC Administration 34 least another dozen in the pipeline—attracts up to two million interactive database. With the pilot phase of the programme An Enduring Symbol 38 visitors per year worldwide. having covered about 50 countries and regions and more than 300 instructors trained, OVEP continues to expand. IOC Session Decisions and Membership 40 In addition to collaborating with NOCs, the programme has Worldwide Olympic Partners 47 attracted interest from broader groups, such as International Sports Federations and UNESCO’s Associated Schools Report of the Auditors and Combined 48 Project Network (ASPnet). In fact, UNESCO has been working Financial Statements, 2009–2010 to integrate OVEP into its network of associated schools, covering more than 9,000 schools in 180 countries. The 7th World Conference on Sport, Education and Culture attracted over 600 people to Durban in 2010 and closed with an exciting youth caucus and a set of recommendations which show the way forward. Organised under the motto “Giving a voice to youth”, young people who had participated in the Youth Olympic Games in Singapore as athletes, young reporters or ambassadors were invited to take the ﬂoor and share ideas and experiences.

17 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 PROMOTE OLYMPISM IN SOCIETY

Message from the IOC President 01 Olympism is a philosophy of life that places sport at the Shaping the Future 03 service of humankind. Sport unites nationalities, politics, religions and cultures. An undisputed tool to advance The Role and Structure of the IOC 04 peace, education and development, sport reaches out Ensure the Regular Celebration of the Olympic Games 06 to those living in poverty, disease, disaster or conﬂict, delivering a message of hope for a better tomorrow. Educate Youth through Sport 12 With these goals in mind the IOC works to: Promote Olympism in Society 18 • Share the Olympic spirit. Lead and Support the Olympic Movement 26 • Foster human development. Maximise Performance: IOC Administration 34 • Empower women and girls. An Enduring Symbol 38 • Further the cause of peace. IOC Session Decisions and Membership 40 • Protect the environment. Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

18 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 SPORT DELIVERS Ensure the Regular Celebration of the Olympic Games 06 A MESSAGE OF Educate Youth through Sport 12 Promote Olympism in Society 18 HOPE AND A BETTER Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 TOMORROW. An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

19 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE SHARE THE OLYMPIC SPIRIT IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Sometimes overlooked in the glare of gold medals is the less Both in 2009 and 2010 Olympic Day was celebrated by more Shaping the Future 03 glamorous but equally vital work undertaken at the grassroots than four million people on the five continents. Three-quarters level. It is here that the Olympic spirit draws its first breath. of them were under age 24. The Role and Structure of the IOC 04 On or around June 23 every year about 150 National Olympic In a similar vein, Sport for All promotes the development Ensure the Regular Celebration of the Olympic Games 06 Committees (NOCs) from all five continents celebrate the of inclusive sport and physical education policies—from Educate Youth through Sport 12 day, back in 1894, when Pierre de Coubertin revived the grassroots to Olympic level—to counter the deepening crisis Olympic Games and created the IOC during a meeting in of physical inactivity around the globe. Olympic Solidarity Promote Olympism in Society 18 Paris. Since 2009 Olympic Day has been broadened to supports a growing number of Sport for All activities sponsored Lead and Support the Olympic Movement 26 encompass a variety of sports—as well as educational by the NOCs, as well as the 2010 and 2012 IOC Sport for and cultural elements—under the concept of “Move, Learn All Congresses. The 13th World Sport for All Congress, held Maximise Performance: IOC Administration 34 and Discover”. As the only worldwide event of the Olympic in June 2010 in Jyväskylä, Finland, brought together nearly An Enduring Symbol 38 Movement, Olympic Day showcases traditional Olympic values 600 delegates from 92 countries to discuss customised of excellence, friendship and respect whilst encouraging programmes, strategies and policies to promote Sport for All IOC Session Decisions and Membership 40 everyone, regardless of age or ability, to participate in sport. amongst different age groups. Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

20 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE FOSTER HUMAN IOC INTERIM REPORT 2009–2010 DEVELOPMENT

Message from the IOC President 01 Whilst sport is an agent for social change—especially Shaping the Future 03 for community development in areas with few economic resources or educational opportunities—much of the IOC’s The Role and Structure of the IOC 04 work in this area is done in collaboration with various agencies Ensure the Regular Celebration of the Olympic Games 06 of the United Nations. The IOC and UN strengthened ties in 2010, with the IOC attending for the first time the UN General Educate Youth through Sport 12 Assembly meeting as Permanent Observer. The decision by Promote Olympism in Society 18 the UN to grant the IOC UN Permanent Observer status in October 2009 was a tribute to the longstanding partnership Lead and Support the Olympic Movement 26 between the two organisations and to the IOC’s contribution Maximise Performance: IOC Administration 34 to the achievement of the UN Millennium Development Goals (MDGs) through sport, a set of eight initiatives that An Enduring Symbol 38 the UN has targeted to achieve by 2015. Whilst the promotion IOC Session Decisions and Membership 40 of education, gender equality, environmental sustainability and HIV/AIDS prevention, amongst other issues, have long Worldwide Olympic Partners 47 been featured on the IOC agenda, the MDGs place the Report of the Auditors and Combined 48 Olympic Movement’s own human development objectives Financial Statements, 2009–2010 in a broader perspective. By using sport as a tool for change, the IOC and its partners have implemented various activities across the globe in fields such as humanitarian assistance, peace-building, education, gender equality, the environment and the fight against HIV/AIDS.

21 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 At the grassroots level, the IOC initiated the Olympic Sports As another example, the IOC teamed up in 2010 with the Shaping the Future 03 for Hope programme to provide athletes, young people and Office of the UN High Commissioner for Refugees (UNHCR) communities in developing countries with better opportunities to launch an ambitious three-year sport and education The Role and Structure of the IOC 04 to practise sport and be educated in the values of Olympism. programme for some 8,500 young people living in the Osire Ensure the Regular Celebration of the Olympic Games 06 Long a dream of IOC President Rogge, the Olympic Youth refugee settlement in Namibia. The programme is designed Development Centre in Lusaka, Zambia was officially opened to involve young people in sports activities in order to alleviate Educate Youth through Sport 12 in May 2010, welcoming more than 600 young people some of the major problems affecting them, namely teenage Promote Olympism in Society 18 to state-of-the-art facilities. The six International Sports pregnancy, sexually transmitted infections such as HIV, and Federations of athletics, basketball, boxing, weightlifting, drug abuse. Lead and Support the Olympic Movement 26 handball and hockey helped develop the centre, offering And in Isla Fuerte, Colombia in 2009, the IOC along with technical expertise and financial assistance. Maximise Performance: IOC Administration 34 its partners funded the building of an indoor hall for sports An Enduring Symbol 38 This multi-million-dollar pilot project now hosts around 1,000 and cultural activities, as well as the upgrading of outdoor athletes per month. The goal is to develop sport in Zambia sports facilities for football, basketball and softball. The three IOC Session Decisions and Membership 40 and the sub-Saharan region and also offer a wide range International Sports Federations contributed to the project by Worldwide Olympic Partners 47 of education programmes, health services and community providing sports equipment for the hundreds of young people activities to improve the quality of everyday life. on the island. Report of the Auditors and Combined 48 Financial Statements, 2009–2010 Other common activities include the ‘Together we can stop HIV and AIDS’ campaign conducted during the Olympic Winter Games in Vancouver as well as strong involvement of UN agencies in the Culture and Education Programme put in place during the first Youth Olympic Games in Singapore last summer that reached out to some 3,600 young athletes and their entourage.

22 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE EMPOWER WOMEN IOC INTERIM REPORT 2009–2010 AND GIRLS

Message from the IOC President 01 The IOC continues to make women’s participation in sporting Shaping the Future 03 activities and administration one of its major concerns. On the playing field, participation by women continues to grow. In The Role and Structure of the IOC 04 2009, women’s boxing was added to the Olympic programme Ensure the Regular Celebration of the Olympic Games 06 for London 2012, the track cycling programme was modified and mixed doubles in tennis were introduced—making all Educate Youth through Sport 12 summer Olympic sports now open to both men and women. Promote Olympism in Society 18 In 2010 more than 40 per cent of the athletes taking part in Vancouver were women, a new record for women’s Lead and Support the Olympic Movement 26 participation in the Olympic Winter Games. The inaugural Youth Maximise Performance: IOC Administration 34 Olympic Games also saw record participation by women. An Enduring Symbol 38 Although gender equality still remains elusive in top administrative roles, more women are being elected IOC Session Decisions and Membership 40 to decision-making positions within National Olympic Worldwide Olympic Partners 47 Committees. NOCs also are hosting seminars to teach leadership skills to women. The 4th Continental Seminar Report of the Auditors and Combined 48 on Women and Sport was organised by the IOC in 2009 Financial Statements, 2009–2010 in collaboration with the Oceania Olympic Committee and The recipients of the IOC “Woman and Sport” trophies NOC of Guam. The same formula was adopted in organising were recognised for their outstanding contributions to the 2010 African version of the seminar in Luanda, Angola the development of women’s participation in sport and in collaboration with the Association of National Olympic sports administration. Committees of Africa and the NOC of Angola. Both seminars were supported by Olympic Solidarity. The forum in Guam In 2009 five continental trophies were awarded. 2010 also brought together 30 delegates from the 17 NOCs of featured a world trophy which went to Dutch Olympic medallist Oceania. In Luanda, more than 65 delegates represented and sports administrator Erica Terpstra for her service to sport the continent’s 53 NOCs. Young delegates took part for and to actively promoting a tolerant and equal environment in the first time in the two forums to begin strengthening their sports associations. knowledge and management competencies.

23 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE FURTHER THE CAUSE IOC INTERIM REPORT 2009–2010 OF PEACE

Message from the IOC President 01 Sport has no authority to make or enforce peace. But the IOC Shaping the Future 03 can—and does—work with partners to extend the reach and resources of sport. The Role and Structure of the IOC 04 At the 1st International Forum on Sport for Peace and Ensure the Regular Celebration of the Olympic Games 06 Development held in May 2009 in Lausanne, delegates Educate Youth through Sport 12 asked the IOC and the UN Office on Sport for Development and Peace to establish a working party to generate best Promote Olympism in Society 18 international practice between the Olympic family and Lead and Support the Olympic Movement 26 all organisations active in the field of sport, development and peace. The Olympic Truce was once again adopted by the UN Maximise Performance: IOC Administration 34 General Assembly in the lead-up to the Olympic Games As part of a visit to the Middle East in October 2010, President in Vancouver, calling for nations to observe peace during An Enduring Symbol 38 Rogge met with the NOCs of Palestine and Israel to address a Games-time and to contribute through sport to the search number of sports-related issues. IOC Session Decisions and Membership 40 for diplomatic solutions to the world’s conflicts. Athletes and Worldwide Olympic Partners 47 Since those initial meetings, representatives of the Palestinian Games officials were invited to show their support in Vancouver and Israeli NOCs have met in Lausanne and discussed further by signing the Olympic Truce Wall erected in the Olympic Report of the Auditors and Combined 48 the free movement of Palestinian athletes, coaches, officials Village. After the Games, pieces of the wall were auctioned Financial Statements, 2009–2010 and sports material, as well as foreign visiting athletes. In off with proceeds going to Haiti earthquake relief. addition, a modus vivendi was reached between the two NOCs. It was agreed that both NOCs will assess the difficulties faced by Palestinian athletes and work together on concrete proposals and a mechanism that would help improve the situation before referring to their respective public authorities.

24 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE PROTECT THE IOC INTERIM REPORT 2009–2010 ENVIRONMENT

Message from the IOC President 01 The IOC continues to feel a strong social responsibility to Shaping the Future 03 actively promote a healthy environment and to continue to face environmental challenges. The Role and Structure of the IOC 04 Olympic Solidarity’s Sport and Environment programme Ensure the Regular Celebration of the Olympic Games 06 encourages NOCs to include environmental considerations in Educate Youth through Sport 12 their policies and activities and helps them undertake specific actions that use sport as a tool for sustainable development. Promote Olympism in Society 18 These initiatives may be national seminars, targeted awareness Lead and Support the Olympic Movement 26 campaigns, specific sports events or clean-up campaigns aimed at sports venues and infrastructures. Maximise Performance: IOC Administration 34 In partnership with the United Nations Environment Programme An Enduring Symbol 38 (UNEP) and VANOC, the 8th World Conference on Sport and IOC Session Decisions and Membership 40 the Environment held in 2009 brought together representatives from the world of sport, industry, sponsors, the United Nations Worldwide Olympic Partners 47 system and NGOs and resulted in a declaration calling to Report of the Auditors and Combined 48 act to promote sustainable development through sport. The Financial Statements, 2009–2010 conference also showcased five organisations that received the first IOC Sport and the Environment Awards for their efforts in that field.

25 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 LEAD AND SUPPORT THE OLYMPIC MOVEMENT

Message from the IOC President 01 As the leader of the Olympic Movement and the catalyst Shaping the Future 03 for collaboration amongst its members, the IOC has the ultimate responsibility to: The Role and Structure of the IOC 04 • Generate and distribute funds. Ensure the Regular Celebration of the Olympic Games 06 • Lead Olympism into the future. Educate Youth through Sport 12 • Keep athletes at the centre of the Olympic Movement. Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

26 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 THE IOC IS THE Ensure the Regular Celebration of the Olympic Games 06 CATALYST FOR Educate Youth through Sport 12 Promote Olympism in Society 18 COLLABORATION Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 AMONGST ALL An Enduring Symbol 38 MEMBERS OF THE IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 OLYMPIC MOVEMENT. Report of the Auditors and Combined 48 Financial Statements, 2009–2010

27 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE GENERATE AND IOC INTERIM REPORT 2009–2010 DISTRIBUTE FUNDS

Message from the IOC President 01 Just as the athletes are an essential part of the Games, so Worldwide Olympic Partners are the other significant Shaping the Future 03 too are the broadcast and sponsorship partners that provide source of support, joining together to form The Olympic the primary sources of Olympic revenue and help support the Partners (TOP) Programme. Each Olympic partner’s products, The Role and Structure of the IOC 04 staging of the Games themselves. technology and expertise are vital to the success of the Games. Partners also help promote the Games around the Ensure the Regular Celebration of the Olympic Games 06 Olympic broadcast partnerships have been the single world through their marketing campaigns and sponsorship greatest source of revenue for the Olympic Movement for Educate Youth through Sport 12 activations. Worldwide Olympic Partners typically spend up to more than three decades. They give the Olympic Movement three times the value of their initial sponsorship commitment Promote Olympism in Society 18 a secure financial base and help ensure the future viability of on promoting their association with the Games. In return, the Olympic Games. The Vancouver 2010 Games secured Lead and Support the Olympic Movement 26 the Games provide partners with an opportunity to connect US$1.2 billion in broadcast revenue, a 55 per cent increase with the public and build customer relationships, motivate Maximise Performance: IOC Administration 34 over the 2006 Games in Turin. employees, enhance corporate reputations and leave a An Enduring Symbol 38 In recent years the IOC has had notable broadcast lasting legacy in the communities where they do business. IOC Session Decisions and Membership 40 rights deals not only in developed markets but also in up-and-coming developing markets. These deals Worldwide Olympic Partners 47 included negotiating broadcast rights directly with Olympic Revenue Sources: Report of the Auditors and Combined 48 individual broadcasters in certain cases to realise Financial Statements, 2009–2010 the appropriate value of those rights. Broadcasting (47%) In addition, the concept of broadcasting the Olympic Games TOP Programme (16%) itself has evolved. For Vancouver 2010, it comprised a OCOG Domestic multi-screen multi-platform experience, including not only Sponsorship (29%) on traditional free-to-air TV channels but also delivery of Ticketing (5%) Olympic content over cable, satellite, Internet or other digital Licensing (3%) and mobile platforms. New broadcast platforms and markets allow the IOC to continue expanding the financial base of the Olympic Movement while also ensuring that the Games Olympic Revenue Distribution: receive the widest possible global audience. NOCs/IFs/OCOGs (>90%) IOC (<10%)

28 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Now in its 25th year, TOP continues to be successful. The The IOC keeps less than 10 per cent of all revenue collected Shaping the Future 03 Vancouver Winter Games showcased nine Worldwide to cover operational and administrative costs associated with Olympic Partners: Coca-Cola, Acer, Atos Origin, General governing the Olympic Movement. The rest is shared with The Role and Structure of the IOC 04 Electric, McDonald’s, Omega, Panasonic, Samsung and Visa. member organisations of the Olympic Movement under the direction and approval of the IOC Finance Commission. The Ensure the Regular Celebration of the Olympic Games 06 In 2010 two more companies became official Worldwide main recipients include: Educate Youth through Sport 12 Olympic Partners through 2020: Dow and Procter & Gamble. Taken together, the two deals demonstrate the continuing • The Organising Committees for the Olympic Games Promote Olympism in Society 18 vigour of the Olympic Movement’s flagship global marketing (OCOGs)—The IOC contribution, financed through Olympic Lead and Support the Olympic Movement 26 programme. broadcast revenue and TOP programme contributions, supports the staging of the Summer and Winter editions of The IOC has eight partners through 2016 and five partners Maximise Performance: IOC Administration 34 the Games. Organising committees raise additional revenue through 2020, including Omega and Visa, which extended through domestic marketing activities. An Enduring Symbol 38 their partnerships in 2009. Omega will continue as the official IOC Session Decisions and Membership 40 timekeeper of the Olympic Games, a position it has held for • National Olympic Committees (NOCs)—The IOC 29 Olympic Games. Visa, one of the founding members of distributes TOP programme revenue to each of the 205 Worldwide Olympic Partners 47 the TOP programme, will continue as the exclusive payment NOCs around the world to train and develop their Olympic Report of the Auditors and Combined 48 services sponsor for the Olympic Games. In 2009, Atos Origin hopefuls, athletes and teams. The IOC also supports NOCs Financial Statements, 2009–2010 extended its partnership through 2016, and will continue as through Olympic Solidarity, an autonomous Commission the worldwide information technology partner. responsible for managing and distributing the NOCs’ share of broadcast revenues. By the time the Olympic cauldron is extinguished in London at the end of the Games in 2012, the TOP programme will • International Federations (IFs)—The IOC provides have generated over a staggering US$3.5 billion in cash broadcast revenue to the 33 International Sports and value-in-kind products and services for the Olympic Federations. These funds, which are used to support the Movement since its inception in 1985. The majority of this development of sport worldwide, are distributed after the revenue has been channelled to Games organisers and to the completion of the Games in which the federation is active. 205 National Olympic Committees around the world, enabling • Recognised organisations and Federations—The them to develop their Olympic teams and send athletes to the IOC contributes Olympic revenue to the programmes Olympic Games. of recognised organisations, including the World Anti- Doping Agency, the Court of Arbitration for Sport, Fairplay International and the International Olympic Academy.

29 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 OLYMPIC SOLIDARITY: The Role and Structure of the IOC 04 SPORT DEVELOPMENT AT THE NOC LEVEL Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 The principal organisation responsible for coordinating Key differences from previous budgets include: Promote Olympism in Society 18 assistance to the NOCs is Olympic Solidarity, an autonomous • A 35 per cent higher budget for Continental Programmes. body reporting to the IOC Olympic Solidarity Commission. Its Lead and Support the Olympic Movement 26 This is in keeping with Olympic Solidarity’s policy of development and assistance budget in the current quadrennium decentralisation towards the Continental Associations so they Maximise Performance: IOC Administration 34 is funded from the NOCs’ share of broadcast rights for the can address specific needs and priorities of NOCs on each Olympic Games in Beijing and Vancouver and interest from continent whilst complementing but not duplicating World An Enduring Symbol 38 future investments. Programmes, which continue to be centrally managed at the IOC Session Decisions and Membership 40 Despite the global economic crisis that began in 2008, Olympic Solidarity international office in Lausanne. the 2009–2012 quadrennial budget rose by 27 per cent over Worldwide Olympic Partners 47 • An increase in athlete support to US$61 million in the World the previous period—to US$311 million—thanks to higher Programmes budget. For the first time in Olympic history, Report of the Auditors and Combined 48 television broadcast revenues and prudent, efficient financial scholarships for Winter Games were provided (Vancouver management by the Olympic Solidarity Commission. The Financial Statements, 2009–2010 2010) as well as support to prepare athletes for the Youth quadrennial budget supports World Programmes (US$134 Olympic Games in Singapore and Innsbruck. The 19 World million), Continental Programmes (US$122 million), Olympic Programmes cover the four areas of sports development Games subsidies (US$42 million) and forums, and considered essential for NOCs to accomplish the mission administration and communication (US$13 million). entrusted to them by the Olympic Charter: athletes, coaches, NOC management and promotion of Olympic values. Breakdown of 2009–2012 budget: • Higher direct financial assistance to the NOCs than in the previous plan. World Programmes Continental Programmes Olympic Games subsidies Administration

30 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE LEAD OLYMPISM IOC INTERIM REPORT 2009–2010 INTO THE FUTURE

Message from the IOC President 01 In accordance with its role as leader of the Olympic Movement, Shaping the Future 03 the IOC strives to ensure that the Movement retains its relevance in today’s evolving global society. For that reason The Role and Structure of the IOC 04 the IOC convened the XIII Olympic Congress in Copenhagen Ensure the Regular Celebration of the Olympic Games 06 in 2009. It was a truly global affair, with members of the IOC, NOCs, International Federations and Olympic organising Educate Youth through Sport 12 committees, as well as athletes, coaches, sponsors and Promote Olympism in Society 18 journalists attending. Entitled “The Olympic Movement in Society”, the Congress Lead and Support the Olympic Movement 26 The IOC has a moral and ethical obligation to protect the was the first in 15 years and the first of the new millennium. integrity of sport by combating cheating in all forms including Maximise Performance: IOC Administration 34 Five broad discussion themes covered an ambitious agenda: the one linked to irregular and illegal betting. The IOC began the athletes, the Olympic Games, the structure of the Olympic An Enduring Symbol 38 tackling the problem in 2006, when the Code of Ethics was Movement, Olympism and youth, and the digital revolution. IOC Session Decisions and Membership 40 amended to forbid all participants in the Olympic Games from A nine-member editorial committee drafted a final document betting on Olympic events. In 2009 the Code of Ethics was Worldwide Olympic Partners 47 containing 66 recommendations. Working groups and again amended to forbid match-fixing. Also in 2009 the IOC Report of the Auditors and Combined 48 commissions have been appointed to analyse and address established an independent agency, called International Sports Financial Statements, 2009–2010 all recommendations. Monitoring (ISM), to monitor betting activities at future Olympic In the area of autonomy, the IOC aims to preserve the Olympic Games. The betting activities on the Vancouver 2010 Olympic Movement’s integrity by assuring that its members remain Games were monitored and no form of any suspicious activity free of governmental constraints and is vigilant in overseeing was detected. NOC relationships. Whilst the NOCs may cooperate with Betting monitoring services also have been made available governmental and non-governmental bodies, they must to International Federations for their events. In October 2009 preserve their autonomy and resist all pressures of any the Olympic Congress called for close collaboration amongst kind—including political, legal, religious or economic—that governments to “put an end to illegal and irregular betting and may prevent them from complying with the Olympic Charter. match-fixing.” In June 2010 the first seminar organised by the To further that goal, the IOC’s NOC Relations department IOC on sports betting resulted in a set of recommendations in 2010 organised 15 seminars around the world—funded calling for closer collaboration with governments and police by Olympic Solidarity—in which all 205 National Olympic investigation agencies. Committees addressed ways that good governance can preserve NOC autonomy. Ultimately they agreed on minimum common principles of ethical behaviour and good governance for all NOCs regardless of their cultures, politics, economies or religions—reflecting both the respect and the diversity of the Olympic Movement.

31 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE KEEP ATHLETES AT THE CENTRE IOC INTERIM REPORT 2009–2010 OF THE OLYMPIC MOVEMENT

Message from the IOC President 01 Because athletes are the heart of the Olympic Movement, In addition, the IOC contracted with four medical centres Shaping the Future 03 the IOC aims to protect their health, assist them with career in 2009 to engage in a four-year programme to research choices and help them with their entourage. sports injury and disease prevention in high-risk Olympic and The Role and Structure of the IOC 04 “trend” sports. The four centres, located in Australia, Canada, In the arena of athletes’ health, the ﬁght against doping Norway and South Africa, will conduct long-term research Ensure the Regular Celebration of the Olympic Games 06 remains the absolute priority. Over the last eight years, the on risk factors and injury mechanisms, the consequences number of out-of-competition tests and those at the Games Educate Youth through Sport 12 of sports injuries and prevention schemes. has doubled. A total of 2,157 drug tests were administered Promote Olympism in Society 18 in Vancouver, compared to 1,219 in Turin. The vast majority Also, a study was conducted by the IOC Sports Department Lead and Support the Olympic Movement 26 of athletes were tested before and during the Winter Games in 2010 with all International Sports Federations on health, in Vancouver. Despite the higher number of tests, there were safety and security of athletes. Maximise Performance: IOC Administration 34 fewer positive cases. Some 1,300 urine and blood tests were An Enduring Symbol 38 performed in Singapore for the Youth Olympic Games. IOC Session Decisions and Membership 40 The IOC Medical and Scientiﬁc Department also has sought consensus on a number of critical health issues since 2009. Worldwide Olympic Partners 47 Subjects include periodic health examinations, concussion, Report of the Auditors and Combined 48 age determination and injury risk in high-level young athletes, Financial Statements, 2009–2010 sexual harassment and abuse, fasting in sport, disorders of sexual development, and the use of platelet-rich plasma to repair injuries.

32 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 The Athlete Career Programme, developed by the IOC In response to this issue, a new Entourage Commission Shaping the Future 03 Athletes’ Commission, helps Olympic athletes make the was formed based on a recommendation by the Olympic transition from elite sport to normal life after they retire. Initially Congress. The ﬁrst meeting in December 2010 outlined The Role and Structure of the IOC 04 providing employment assistance, the programme was initial objectives: expanded in 2009 to focus also on education and life skills, Ensure the Regular Celebration of the Olympic Games 06 • Develop a code of conduct—applying to every person delivered by the IOC through a website featuring videos, tips, in the entourage—that could be adopted by all sports Educate Youth through Sport 12 case studies and testimonials. The 5th IOC Athlete Career federations and NOCs. Promote Olympism in Society 18 Programme Forum held in October 2010 resolved to further improve programme implementation. • Codify the roles and responsibilities of the entourage, Lead and Support the Olympic Movement 26 including parents, coaches, physicians, sport structures Since its launch in 2005, the programme has nearly doubled and governments. Both these documents would be made Maximise Performance: IOC Administration 34 in size—from 15 to 27 National Olympic Committees—and available on the Internet for easy access. An Enduring Symbol 38 has supported nearly 7,000 athletes. The programme also was spotlighted at the Singapore Youth Olympic Games to • Drive information down to the grassroots level by creating IOC Session Decisions and Membership 40 provide guidance to young athletes. courses through Olympic Solidarity that would assist NOCs and federations to proactively manage entourages. Worldwide Olympic Partners 47 Athlete entourages are becoming more complicated in Report of the Auditors and Combined 48 sport because individual athletes often must surround Financial Statements, 2009–2010 themselves with a signiﬁcant number of specialists, such as trainers, coaches, agents, technicians, psychologists and physiotherapists. The relationships are complex and the role of each person is not always clear.

33 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 MAXIMISE PERFORMANCE: IOC ADMINISTRATION

Message from the IOC President 01 The IOC administration supports decisions made Shaping the Future 03 by the IOC leadership. The Role and Structure of the IOC 04 In order to best serve the IOC and be the best catalyst for collaboration between Olympic stakeholders, the Ensure the Regular Celebration of the Olympic Games 06 administration is committed to a process of continuous Educate Youth through Sport 12 improvement. Promote Olympism in Society 18 Leveraging the outcomes of this process, the IOC administration was able to: Lead and Support the Olympic Movement 26 • Launch more complex cross-departmental programmes. Maximise Performance: IOC Administration 34 • Increase the efﬁciency of the organisation. An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

34 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 THE IOC Ensure the Regular Celebration of the Olympic Games 06 ADMINISTRATION Educate Youth through Sport 12 Promote Olympism in Society 18 CONTINUES TO Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 INCREASE THE An Enduring Symbol 38 EFFICIENCY OF IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 THE ORGANISATION. Report of the Auditors and Combined 48 Financial Statements, 2009–2010

35 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE LAUNCH MORE COMPLEX IOC INTERIM REPORT 2009–2010 CROSS-DEPARTMENTAL PROGRAMMES

Message from the IOC President 01 The IOC administration has consolidated activities, extended The organisation’s ambitious Patrimonial Asset Management Shaping the Future 03 collaboration amongst departments and expanded core (PAM) programme to digitise, classify, catalogue and easily competencies—all to ensure the successful delivery of bigger access all IOC assets including photos, videos and The Role and Structure of the IOC 04 and ever-more-complex interdepartmental projects. documents progressed in 2009 and 2010. By the end of 2010, 100 per cent of the audio, film and standard photo Ensure the Regular Celebration of the Olympic Games 06 • Core IOC activities—Lead the success of the Vancouver collections had been digitised, along with nearly all the video 2010 Olympic Winter Games and the inaugural Summer Educate Youth through Sport 12 and high-quality photos. Systems are being optimised and Youth Olympic Games in 2010. Promote Olympism in Society 18 working methods adapted to speed up the classification The IOC, along with the Singapore Organising Committee, and cataloguing projects. Lead and Support the Olympic Movement 26 had just two and a half years from the announcement of • Digital media—Launch new Internet-based assets and new Singapore as host city to the Opening Ceremony of the Youth Maximise Performance: IOC Administration 34 social media platforms. Olympic Games. A dedicated team enabled the project to be An Enduring Symbol 38 developed rapidly and services across the IOC administration The overhaul of the IOC’s external website (www.olympic.org) IOC Session Decisions and Membership 40 were adapted and adjusted to meet the new demands. was the most high-profile project of 2009 for 3Net, a programme that integrates all Internet-based assets—the • IOC assets—Optimise the IOC brand and Worldwide Olympic Partners 47 external website (to reach the general public), the intranet (to patrimonial assets Report of the Auditors and Combined 48 interact with IOC employees) and the extranet (for interaction Financial Statements, 2009–2010 In 2010 the Executive Board approved administration with IOC constituents and stakeholders). The successful recommendations to more consistently manage the Olympic website relaunch—attracting 400,000 unique visitors in a symbol—the Olympic rings and how they are displayed single day—was completed in time for the election of the 2016 on all IOC products and in their various associations. Clear Host City, when Rio de Janeiro was announced during the guidelines for their use have been developed and are being IOC Session in Copenhagen. The new website is more implemented. This initiative complements a long-term oriented towards the general public and features a microsite programme begun in 2009 to strengthen intellectual property for the Youth Olympic Games. The extranets for the National and expand protection of permanent trademarks—like those Olympic Committees and commercial partners have been for the Olympic rings and even the word “Olympic”. revamped and new extranets have been further developed for Rule 51 advertising compliance, for Olympic Results and Information Services (ORIS) and for knowledge management. In addition, social media activities were launched successfully, resulting in the IOC having a day-to-day relationship with seven to eight million people through Facebook, Twitter and YouTube.

36 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE INCREASE THE EFFICIENCY OF IOC INTERIM REPORT 2009–2010 THE ORGANISATION

Message from the IOC President 01 To drive efficiencies and higher levels of operational Shaping the Future 03 effectiveness, the IOC administration increased the scope of services provided whilst maintaining the same headcount. The Role and Structure of the IOC 04 A shared-services approach, in which support processes Ensure the Regular Celebration of the Olympic Games 06 across a number of areas were centralised, encouraged more Educate Youth through Sport 12 collaboration amongst affected departments, including human resources, finance, logistics, information management, legal Promote Olympism in Society 18 affairs and technology. Lead and Support the Olympic Movement 26 Across all departments the administration continued to focus Maximise Performance: IOC Administration 34 on developing project management skills, complemented by appropriate training, to improve employees’ ability to deliver An Enduring Symbol 38 complex interdepartmental projects. IOC Session Decisions and Membership 40 Leveraging the outcome of the Olympic Congress and Worldwide Olympic Partners 47 building on a staff engagement survey conducted in 2010, a programme entitled “Shape” was put in place to review the Report of the Auditors and Combined 48 scope of services delivered by the IOC administration and to Financial Statements, 2009–2010 ensure that its operations can adapt to a newly evolving scope of demands all whilst insuring efficiency and effectiveness.

37 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 AN ENDURING SYMBOL

Message from the IOC President 01 The Olympic symbol, widely known throughout the The Olympic rings anchor a complete architecture Shaping the Future 03 world as the Olympic rings, is the visual ambassador supporting the Olympic brand. The three Olympic values of Olympism for billions of people. Designed in 1913 of excellence, friendship and respect are paired with the The Role and Structure of the IOC 04 by Pierre de Coubertin, the founder of the modern five working principles of Olympism: universality, solidarity, Ensure the Regular Celebration of the Olympic Games 06 Olympic Games, the Olympic symbol has timeless, collaboration, autonomy and social responsibility. universal significance. Educate Youth through Sport 12 The principles and values, in turn, support a unique The five interlacing rings on a white background have mission: to ensure the regular celebration of the Olympic Promote Olympism in Society 18 grown to become one of the most recognised brands in Games, to educate youth through sport and to promote Lead and Support the Olympic Movement 26 the world. They represent the coming together of the five Olympism in society. continents and the meeting of athletes from around the Together the mission, values and working principles Maximise Performance: IOC Administration 34 world at the Olympic Games. showcase a vision that resonates deep within the An Enduring Symbol 38 Olympic Movement: contribute to building a better IOC Session Decisions and Membership 40 world through sport. Worldwide Olympic Partners 47 As the leader of the Olympic Movement, the IOC invites all who share our vision to pursue it with us. The Olympic Report of the Auditors and Combined 48 Movement belongs to everyone. Financial Statements, 2009–2010

38 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 Olympism Olympism is a philosophy of life, which Shaping the Future 03 places sport at the service of humankind. The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Vision Contribute to building a better world through sport Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 • Ensure the regular celebration Financial Statements, 2009–2010 of the Olympic Games Mission • Educate youth through sport • Promote Olympism in society

Encourage Effort Preserve Human Dignity Develop Harmony Values Striving for Excellence Demonstrating Respect Celebrating Friendship

Working Social Principles Universality Solidarity Collaboration Autonomy Responsibility

39 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 IOC SESSION DECISIONS AND MEMBERSHIP

Message from the IOC President 01 2009—121st IOC Session, Copenhagen 2010—122nd IOC Session, Vancouver Shaping the Future 03 Major Decisions: Major Decisions: The Role and Structure of the IOC 04 • Jacques Rogge was re-elected as IOC President for a • Nanjing, People’s Republic of China, was elected to host term of four years. the 2nd Summer Youth Olympic Games in 2014. Ensure the Regular Celebration of the Olympic Games 06 • Rio de Janeiro, Brazil, was elected as host city for the • Thomas Bach was re-elected as a Vice-President of the Educate Youth through Sport 12 Games of the XXXI Olympiad in 2016. IOC Executive Board and Sam Ramsamy was re-elected as an Executive Board member. Promote Olympism in Society 18 • The sports of Golf and Rugby sevens were voted for Lead and Support the Olympic Movement 26 inclusion in the Olympic Programme for 2016. • HRH Prince Feisal Al Hussein, Barry Maister, Pat McQuaid, Marisol Casado, Dagmawit Girmay Berhane and Yang Yang • Mario Pescante and Ser Miang Ng were elected as Maximise Performance: IOC Administration 34 were elected as IOC members. Vice-Presidents of the IOC Executive Board. An Enduring Symbol 38 • Angela Ruggiero and Adam Pengilly, elected by their peers • Craig Reedie and John D. Coates were elected as to the IOC Athletes’ Commission during the Games in IOC Session Decisions and Membership 40 members of the IOC Executive Board. Vancouver, were voted as IOC members. Worldwide Olympic Partners 47 • Richard Peterkin, Crown Prince Frederik of Denmark, Report of the Auditors and Combined 48 Habu Gumel, Habib Macki, Lydia Nsekera and Göran Financial Statements, 2009–2010 Petersson were elected as IOC members.

40 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

41 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC MEMBERS IOC INTERIM REPORT 2009–2010 LIST OF IOC MEMBERS BY PROTOCOL ORDER AT 31 DECEMBER 2010

First name, Last name Country Year of election Games participation 1. Mr João HAVELANGE BRA 1963 1936/52 2. Mr Vitaly SMIRNOV RUS 1971 3. Mr Peter TALLBERG FIN 1976 1960/64/68/72/80 4. Mr Richard Kevan GOSPER, AO AUS 1977 1956/60** 5. Mr Richard W. POUND, Q.C. CAN 1978 1960 6. Mr Franco CARRARO ITA 1982 7. Mr Phillip Walter COLES, A.M. AUS 1982 1960/64/68 8. Mr Iván DIBÓS PER 1982 9. Mr Chiharu IGAYA JPN 1982 1952/56/60** Message from the IOC President 01 10. HE Pál SCHMITT HUN 1983 1968/72/76** Shaping the Future 03 11. HSH the Princess Nora of LIECHTENSTEIN LIE 1984 The Role and Structure of the IOC 04 12. Mr Francisco J. ELIZALDE PHI 1985 13. HSH the Sovereign Prince ALBERT II MON 1985 1988/92/94/98/2002 Ensure the Regular Celebration of the Olympic Games 06 14. Mr Lambis V. NIKOLAOU GRE 1986 Educate Youth through Sport 12 15. Ms Anita L. DEFRANTZ USA 1986 1976** 16. HRH the Princess ROYAL GBR 1988 1976 Promote Olympism in Society 18 17. Mr Ching-Kuo WU TPE 1988 Lead and Support the Olympic Movement 26 18. Mr Willi KALTSCHMITT LUJÁN GUA 1988 19. Major General Francis W. NYANGWESO UGA 1988 1960 Maximise Performance: IOC Administration 34 20. Mr Shun-ichiro OKANO JPN 1990 1968** An Enduring Symbol 38 21. Mr Richard L. CARRIÓN* PUR 1990 IOC Session Decisions and Membership 40 22. Mr Nat INDRAPANA THA 1990 23. Mr Denis OSWALD* SUI 1991 1968/72/76** Worldwide Olympic Partners 47 24. Count Jacques ROGGE* BEL 1991 1968/72/76 Report of the Auditors and Combined 48 25. Mr Mario VÁZQUEZ RAÑA* MEX 1991 Financial Statements, 2009–2010 26. Mr Thomas BACH* GER 1991 1976** 27. Sheikh Ahmad Al-Fahad AL-SABAH KUW 1992 28. Mr James L. EASTON USA 1994 29. Sir Craig REEDIE, CBE * GBR 1994 30. Mr Mario PESCANTE* ITA 1994 31. Mr Gerhard HEIBERG* NOR 1994 32. Professor Arne LJUNGQVIST SWE 1994 1952 33. Mr Austin L. SEALY BAR 1994 34. Dr Robin E. MITCHELL FIJ 1994 35. Mr Alpha Ibrahim DIALLO GUI 1994 36. Mr Alex GILADY ISR 1994 37. Mr Shamil TARPISCHEV RUS 1994 38. Mr Valeriy BORZOV UKR 1994 1972/76** 39. Mr René FASEL* SUI 1995 40. Mr Jean-Claude KILLY FRA 1995 1964/1968** 41. Mr Sam RAMSAMY* RSA 1995 42. Mr Reynaldo GONZÁLEZ LÓPEZ CUB 1995

42 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC MEMBERS IOC INTERIM REPORT 2009–2010 LIST OF IOC MEMBERS BY PROTOCOL ORDER AT 31 DECEMBER 2010

First name, Last name Country Year of election Games participation 43. Mr Olegario VÁZQUEZ RAÑA MEX 1995 1964/68/72/76 44. Mr Antun VRDOLJAK CRO 1995 45. Mr Patrick Joseph HICKEY IRL 1995 46. Mr Toni KHOURY LIB 1995 47. Syed Shahid ALI PAK 1996 48. Mr Ung CHANG PRK 1996 49. Ms Gunilla LINDBERG SWE 1996 50. Mr Julio César MAGLIONE URU 1996 51. Mr Kun Hee LEE KOR 1996 Message from the IOC President 01 52. Mr Ottavio CINQUANTA ITA 1996 Shaping the Future 03 53. Mr Guy DRUT FRA 1996 1972/76** The Role and Structure of the IOC 04 54. Ms Irena SZEWINSKA POL 1998 1964/68/72/76/80** 55. HRH the Grand Duke of LUXEMBOURG LUX 1998 Ensure the Regular Celebration of the Olympic Games 06 56. General Mounir SABET EGY 1998 Educate Youth through Sport 12 57. Mrs Nawal El MOUTAWAKEL* MAR 1998 1984** 58. Mr Melitón SÁNCHEZ RIVAS PAN 1998 Promote Olympism in Society 18 59. Mr Leo WALLNER AUT 1998 Lead and Support the Olympic Movement 26 60. HRH the Prince of ORANGE NED 1998 61. Mr Ser Miang NG* SIN 1998 Maximise Performance: IOC Administration 34 62. Mr Samih MOUDALLAL SYR 1998 An Enduring Symbol 38 63. Mr Joseph S. BLATTER SUI 1999 IOC Session Decisions and Membership 40 64. Mr Lamine DIACK SEN 1999 65. Mr Gian-Franco KASPER SUI 2000 Worldwide Olympic Partners 47 66. Mr Kipchoge KEINO KEN 2000 1964/68/72** Report of the Auditors and Combined 48 67. Mr Carlos Arthur NUZMAN BRA 2000 1964 Financial Statements, 2009–2010 68. Intendant General Lassana PALENFO CIV 2000 69. Mr Zaiqing YU* CHN 2000 70. Mr Timothy Tsun-Ting FOK HKG 2001 71. Raja Randhir SINGH IND 2001 1964/68/72/76/80/84 72. Mr John Dowling COATES, AC* AUS 2001 73. Mr Issa HAYATOU CMR 2001 74. Mr Juan Antonio SAMARANCH Jr ESP 2001 75. HRH Prince Nawaf Faisal Fahd ABDULAZIZ KSA 2002 76. Mr Patrick S. CHAMUNDA ZAM 2002 77. HRH Prince Tamim Bin Hamad AL-THANI QAT 2002 78. Sir Philip CRAVEN, MBE GBR 2003 79. Mr Frank FREDERICKS* NAM 2004 1992/96/2004** 80. Mr Jan ZELEZNY CZE 2004 1988/92/96/2000/04** 81. Mr Hicham EL GUERROUJ MAR 2004 1996/2000/04** 82. Dr Rania ELWANI EGY 2004 1992/96/2000 83. Mr Francesco RICCI BITTI ITA 2006 84. HRH Prince Tunku IMRAN MAS 2006

43 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC MEMBERS IOC INTERIM REPORT 2009–2010 LIST OF IOC MEMBERS BY PROTOCOL ORDER AT 31 DECEMBER 2010

First name, Last name Country Year of election Games participation 85. Ms Nicole HOEVERTSZ ARU 2006 1984 86. Ms Beatrice ALLEN GAM 2006 87. Ms Rebecca SCOTT CAN 2006 1998/2002/06** 88. Mr Saku KOIVU FIN 2006 1994/98/2006** 89. Mr Andrés BOTERO PHILLIPSBOURNE COL 2007 90. Mr Patrick BAUMANN SUI 2007 91. HRH Princess Haya AL HUSSEIN UAE 2007 92. Mrs Rita SUBOWO INA 2007 93. Mr Sergey BUBKA UKR 2008 1988/92/96/2000** Message from the IOC President 01 94. Dr Ugur ERDENER TUR 2008 Shaping the Future 03 95. Mr Dae Sung MOON KOR 2008 2004** The Role and Structure of the IOC 04 96. Mr Alexander POPOV RUS 2008 1992/96/2000/04** 97. Ms Claudia BOKEL GER 2008 1996/2000/04** Ensure the Regular Celebration of the Olympic Games 06 98. Ms Yumilka RUIZ LUACES CUB 2008 1996/2000/04** Educate Youth through Sport 12 99. Mr Richard PETERKIN LCA 2009 100. HRH Crown Prince Frederik of DENMARK DEN 2009 Promote Olympism in Society 18 101. Mr Habu GUMEL NGR 2009 Lead and Support the Olympic Movement 26 102. Mr Habib MACKI OMA 2009 103. Ms Lydia NSEKERA BDI 2009 Maximise Performance: IOC Administration 34 104. Mr Göran PETERSSON SWE 2009 An Enduring Symbol 38 105. HRH Prince Feisal AL HUSSEIN JOR 2010 IOC Session Decisions and Membership 40 106. Mr Barry MAISTER NZL 2010 1968/72/76** 107. Mr Pat MCQUAID IRL 2010 Worldwide Olympic Partners 47 108. Ms Marisol CASADO ESP 2010 Report of the Auditors and Combined 48 109. Ms Dagmawit Girmay BERHANE ETH 2010 Financial Statements, 2009–2010 110. Ms Yang YANG CHN 2010 1998/2002/06** 111. Ms Angela RUGGIERO USA 2010 1998/2002/06/10** 112. Mr Adam PENGILLY GBR 2010 2006/10

* Executive Board member ** Olympic medallist

44 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC HONORARY MEMBERS IOC INTERIM REPORT 2009–2010 AT 31 DECEMBER 2010

First name, Last name Country Year of election Games participation HRH the Grand Duke Jean of LUXEMBOURG LUX 1946 HM King CONSTANTINE GRE 1963 1960** Mr Gunnar ERICSSON SWE 1965 Mr James WORRALL CAN 1967 1936 Mr Maurice HERZOG FRA 1970 Mr Henry HSU TPE 1970 Mr Berthold BEITZ GER 1972 Mr Pedro RAMÍREZ VÁZQUEZ MEX 1972 Mr Ashwini KUMAR IND 1973 Message from the IOC President 01 Mr Niels HOLST-SØRENSEN DEN 1977 1948 Shaping the Future 03 Mr Shagdarjav MAGVAN MGL 1977 The Role and Structure of the IOC 04 Tan Sri Hamzah ABU SAMAH MAS 1978 Mr Günther HEINZE GER 1981 Ensure the Regular Celebration of the Olympic Games 06 Mr Vladimir CERNUSAK SVK 1981 Educate Youth through Sport 12 Ms Flor ISAVA-FONSECA VEN 1981 Mr Zhenliang HE CHN 1981 Promote Olympism in Society 18 Dame Mary Alison GLEN-HAIG, DBE GBR 1982 1948/52/56/60 Lead and Support the Olympic Movement 26 Mr Roque Napoleón MUÑOZ PEÑA DOM 1983 Major General Henry Edmund Olufemi ADEFOPE NGR 1985 Maximise Performance: IOC Administration 34 Mr Fidel MENDOZA CARRASQUILLA COL 1988 An Enduring Symbol 38 Sir Tennant Edward (Tay) WILSON, KNZM, OBE NZL 1988 IOC Session Decisions and Membership 40 Mr Borislav STANKOVIC SRB 1988 Mr Fernando F. Lima BELLO POR 1989 Worldwide Olympic Partners 47 Mr Walther TRÖGER GER 1989 Report of the Auditors and Combined 48 Mr Mustapha LARFAOUI ALG 1995 Financial Statements, 2009–2010 HRH the Infanta Doña Pilar de BORBÓN ESP 1996 Mr Hein VERBRUGGEN NED 1996 Ms Manuela DI CENTA ITA 1999 1984/88/92/94/98** Mr Tamas AJAN HUN 2000

** Olympic medallist

IOC HONOUR MEMBER AT 31 DECEMBER 2010

First name, Last name Country Year of election Games participation Mr Henry KISSINGER USA 2000

45 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC IOCEXECUTIVE EXECUTIVE BOARD BOARD IOC INTERIM REPORT 2009–2010 AT 31AT DECEMBER 31 DECEMBER 2010 2010

Message from the IOC President 01 PresidentPresident Year of Yearelection of election to to the Executive the Executive Board Board Shaping the Future 03 Count JacquesCount Jacques ROGGE ROGGE (BEL) (BEL) 2001 2001 The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06 Vice-PresidentsVice-Presidents Mr ZaiqiMrng YUZaiq (CHN)ing YU (CHN) 2008 2008 Educate Youth through Sport 12 Mr MarioMr PESCANTE Mario PESCANTE (ITA) (ITA) 2009 2009 Promote Olympism in Society 18 Mr Ser MMriang Ser NG Mi ang(SIN) NG (SIN) 2009 2009 Mr ThomasMr Thomas BACH (GER) BACH (GER) 2010 2010 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 MembersMembers Mr GerhardMr Gerhard HEIBERG HEIBERG (NOR) (NOR) 2007 2007 An Enduring Symbol 38 Mr DenisMr OSWALD Denis OSWALD (SUI) (SUI) 2008 2008 IOC Session Decisions and Membership 40 Mr RenéMr FASEL René (SUI)FASEL (SUI) 2008 2008 Worldwide Olympic Partners 47 Mr MarioMr VÁZQUEZ Mario VÁZQUEZ RAÑA (MEX) RAÑA (MEX) 2008 2008 Mr FrankMr FREDERICKS Frank FREDERICKS (NAM) (NAM) 2008 2008 Report of the Auditors and Combined 48 Mrs NawalMrs EL Nawal MOUTAWAKEL EL MOUTAWAKEL (MAR) (MAR) 2008 2008 Financial Statements, 2009–2010 Mr RichardMr RL.ichard CARRIÓN L. CARRIÓN (PUR) (PUR) 2008 2008 Sir CraigS REEDIE,ir Craig REEDIE, CBE (GBR) CBE (GBR) 2009 2009 Mr JohnMr D. JohnCOATES, D. COATES, AC (AUS) AC (AUS) 2009 2009 Mr SamMr RAMSAMY Sam RAMSAMY (RSA) (RSA) 2010 2010

46 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 WORLDWIDE OLYMPIC PARTNERS TOP VII (2009–2012)

47 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010 REPORT OF THE AUDITORS AND COMBINED FINANCIAL STATEMENTS, 2009–2010

Message from the IOC President 01 Report of the auditors 53 Shaping the Future 03 Combined statements of financial position at The Role and Structure of the IOC 04 31 December 2010 and 2009 54 Ensure the Regular Celebration of the Olympic Games 06 Combined statements of activities for the years ended 31 December 2010 and 2009 55 Educate Youth through Sport 12 Combined statements of cash flows for the years 18 Promote Olympism in Society ended 31 December 2010 and 2009 56 Lead and Support the Olympic Movement 26 Combined statements of comprehensive income and changes Maximise Performance: IOC Administration 34 in fund balances for the years ended 31 December 2010 and 2009 57 An Enduring Symbol 38 Notes to the combined financial statements at and IOC Session Decisions and Membership 40 for the years ended 31 December 2010 and 2009 58 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

48 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE REPORT OF THE AUDITORS IOC INTERIM REPORT 2009–2010

Report of the statutory auditor on the combined An audit also includes evaluating the appropriateness of financial statements the accounting policies used and the reasonableness of As statutory auditor, we have audited the accompanying accounting estimates made, as well as evaluating the overall combined financial statements of International Olympic presentation of the combined financial statements. We Committee, which comprise the statement of financial believe that the audit evidence we have obtained is sufficient position, statement of activities, statement of cash flows, and appropriate to provide a basis for our audit opinion. statement of comprehensive income and changes in fund Opinion balances and notes, set out on pages 54 to 87 for the year In our opinion, the combined financial statements for the ended 31 December 2010. year ended 31 December 2010 give a true and fair view of Message from the IOC President 01 Executive Board’s Responsibility the financial position, the results of operations and the cash The Executive Board is responsible for the preparation flows in accordance with the International Financial Reporting Shaping the Future 03 and fair presentation of the combined financial statements Standards (IFRS), comply with Swiss law and the articles of The Role and Structure of the IOC 04 in accordance with the International Financial Reporting incorporation. Standards (IFRS), the requirements of Swiss law and the Report on other legal requirements Ensure the Regular Celebration of the Olympic Games 06 articles of incorporation. This responsibility includes designing, We confirm that we meet the legal requirements on implementing and maintaining an internal control system Educate Youth through Sport 12 licensing according to the Auditor Oversight Act (AOA) and relevant to the preparation and fair presentation of combined independence (article 69b paragraph 3 CC in connection Promote Olympism in Society 18 financial statements that are free from material misstatement, with article 728 CO) and that there are no circumstances whether due to fraud or error. The Executive Board is further Lead and Support the Olympic Movement 26 incompatible with our independence. responsible for selecting and applying appropriate accounting Maximise Performance: IOC Administration 34 policies and making accounting estimates that are reasonable In accordance with article 69b paragraph 3 CC in connection An Enduring Symbol 38 in the circumstances. with article 728a paragraph 1 item 3 CO and Swiss Auditing Standard 890, we confirm that an internal control system Auditor’s Responsibility IOC Session Decisions and Membership 40 exists which has been designed for the preparation of Our responsibility is to express an opinion on these combined combined financial statements according to the instructions Worldwide Olympic Partners 47 financial statements based on our audit. We conducted of the Executive Board. Report of the Auditors and Combined 48 our audit in accordance with Swiss law and Swiss Auditing Financial Statements, 2009–2010 Standards as well as the International Standards on Auditing. We recommend that the combined financial statements Those standards require that we plan and perform the audit submitted to you be approved. to obtain reasonable assurance whether the combined PricewaterhouseCoopers SA financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the combined financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the combined financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control system relevant to the entity’s preparation and fair presentation of the combined financial statements in order MichaelhlFl Foley Pierre-Alain Dévaud to design audit procedures that are appropriate in the Audit expert Audit expert circumstances, but not for the purpose of expressing an Auditor in charge opinion on the effectiveness of the entity’s internal control system. Lausanne, 6 April 2011

49 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE COMBINED STATEMENTS OF FINANCIAL POSITION IOC INTERIM REPORT 2009–2010 AT 31 DECEMBER 2010 AND 2009 (IN THOUSANDS OF US DOLLARS)

Notes 2010 2009 ASSETS UNRESTRICTED Current assets Cash and cash equivalents 4 343 556 108 294 Financial assets at fair value through proﬁt or loss 5 332 267 294 151 Receivables and other current assets 6 47 022 394 763 Olympic Games related deferred expenditure 10 – 114 932 722 845 912 140 Message from the IOC President 01 Non-current assets Financial assets 5 635 524 275 406 Shaping the Future 03 Tangible ﬁxed assets 7 162 481 162 930 The Role and Structure of the IOC 04 Intangible assets 3 508 1 844 Olympic Games related deferred expenditure 10 59 149 34 494 Ensure the Regular Celebration of the Olympic Games 06 860 662 474 674 Educate Youth through Sport 12 RESTRICTED Restricted assets 8 721 530 1 116 443 Promote Olympism in Society 18 Total assets 2 305 037 2 503 257 Lead and Support the Olympic Movement 26

Maximise Performance: IOC Administration 34 LIABILITIES AND FUND BALANCES An Enduring Symbol 38 Current liabilities IOC Session Decisions and Membership 40 Accounts payable and accrued expenses 9 92 975 79 899 Olympic Games related advances 10 – 738 033 Worldwide Olympic Partners 47 Olympic Games related deferred income 10 – 97 856 Report of the Auditors and Combined 48 Earmarked funds 11 25 850 25 115 Financial Statements, 2009–2010 118 825 940 903 Non-current liabilities Olympic Games related advances 10 721 530 377 215 Olympic Games related deferred income 10 43 679 28 571 Other deferred income and long-term debt 716 690 Earmarked funds 11 42 243 29 401 808 168 435 877 Fund balances Undesignated 1 066 806 953 376 Designated 275 236 143 598 Cumulative translation adjustment 36 002 29 503 1 378 044 1 126 477 Total liabilities and fund balances 2 305 037 2 503 257

The notes included on pages 58 to 87 are an integral part of the ﬁnancial statements.

50 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE COMBINED STATEMENTS OF ACTIVITIES IOC INTERIM REPORT 2009–2010 FOR THE YEARS ENDED 31 DECEMBER 2010 AND 2009 (IN THOUSANDS OF US DOLLARS)

Notes 2010 2009 Undesignated Designated Total REVENUES Television broadcasting rights 13 1 280 956 – 1 280 956 – TOP programme marketing rights 14 247 869 – 247 869 125 498 Other rights 15 80 091 – 80 091 7 584 Other revenues 16 13 009 – 13 009 11 081 1 621 925 – 1 621 925 144 163

Message from the IOC President 01 EXPENDITURE Central operating and administrative costs 17 123 567 4 082 127 649 114 132 Shaping the Future 03 Olympic Games related expenditure, The Role and Structure of the IOC 04 subsidies and special projects 06 Olympic Games related expenditure 18 225 444 – 225 444 – Ensure the Regular Celebration of the Olympic Games Youth Olympic Games related expenditure 19 39 984 – 39 984 – Educate Youth through Sport 12 Grants and subsidies 3 526 – 3 526 3 137 Funds earmarked for allocation 11 39 000 – 39 000 – Promote Olympism in Society 18 Olympic Solidarity programme 20 – 56 913 56 913 56 918 Lead and Support the Olympic Movement 26 Special projects 10 656 – 10 656 3 083 318 610 56 913 375 523 63 138 Maximise Performance: IOC Administration 34 Distribution of rights to OCOG, USOC and IF An Enduring Symbol 38 Television broadcasting 13 872 492 (192 633) 679 859 – TOP programme marketing 14 228 545 – 228 545 98 199 IOC Session Decisions and Membership 40 1 101 037 (192 633) 908 404 98 199 Worldwide Olympic Partners 47 Excess of revenues (expenditure) before ﬁnancial items 78 711 131 638 210 349 (131 306) Report of the Auditors and Combined 48 Financial income, net 21 34 719 – 34 719 101 046 Financial Statements, 2009–2010 Excess of revenues (expenditure) 113 430 131 638 245 068 (30 260)

The notes included on pages 58 to 87 are an integral part of the ﬁnancial statements.

51 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE COMBINED STATEMENTS OF CASH FLOWS IOC INTERIM REPORT 2009–2010 FOR THE YEARS ENDED 31 DECEMBER 2010 AND 2009 (IN THOUSANDS OF US DOLLARS)

2010 2009 Operating activities Excess of revenues (expenditure) 245 068 (30 260) Adjustments for: • Excess of television broadcasting rights revenues over distribution (601 097) – • Allocation to earmarked funds 39 000 – • Recognition of Olympic Games related deferred income and expenditure, net 17 076 – • Financial income, net (34 719) (101 046) • Depreciation and amortisation 30 228 10 462 • Foreign exchange differences (4 862) 4 744 Message from the IOC President 01 (309 306) (116 100) Shaping the Future 03 Changes in: • Olympic Games related deferred income and expenditure, net (9 547) 5 098 The Role and Structure of the IOC 04 • Receivables and other current assets 28 991 3 851 • Accounts payable and accrued expenses 13 101 (61 049) Ensure the Regular Celebration of the Olympic Games 06 32 545 (52 100) Educate Youth through Sport 12 TV Rights receipts and allocations Promote Olympism in Society 18 • Receipt of Olympic Games related advances 834 963 747 880 • Disbursement of Olympic Games related advances (319 026) (42 615) Lead and Support the Olympic Movement 26 • Increase in OCOG receivable and prepayment (101 227) (198 886) 34 • Use of earmarked funds (25 423) (39 003) Maximise Performance: IOC Administration • (Increase)/decrease in Television Broadcasting rights instalments held in trust 350 570 (291 624) An Enduring Symbol 38 739 857 175 752 IOC Session Decisions and Membership 40 Interest received 47 743 44 664 Interest paid (1 020) (1 051) Worldwide Olympic Partners 47 46 723 43 613 Report of the Auditors and Combined 48 Net cash generated by operating activities 509 819 51 165 Financial Statements, 2009–2010 Investing activities Purchase of fixed assets (24 932) (29 026) Purchase of financial assets at fair value through profit or loss (998 079) (765 040) Proceeds from sales of financial assets at fair value through profit or loss 748 467 550 248 Net cash used in investing activities (274 544) (243 818) Increase/(decrease) in cash and cash equivalents 235 275 (192 653) Movement in cash and cash equivalents At start of year 108 294 301 994 Increase/(decrease) 235 275 (192 653) Effects of exchange rate changes (13) (1 047) At end of year 343 556 108 294

The notes included on pages 58 to 87 are an integral part of the ﬁnancial statements.

52 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE COMBINED STATEMENTS OF COMPREHENSIVE IOC INTERIM REPORT 2009–2010 INCOME AND CHANGES IN FUND BALANCES FOR THE YEARS ENDED 31 DECEMBER 2010 AND 2009 (IN THOUSANDS OF US DOLLARS)

Cumulative Undesignated Designated translation funds funds adjustments Total Balance at 1 January 2009 925 755 201 479 27 757 1 154 991 Excess of revenues / (expenditure) recognised in statement of activities 27 621 (57 881) – (30 260) Translation adjustment – – 1 746 1 746 Total comprehensive income / (loss) for the year (28 514) Balance at 31 December 2009 953 376 143 598 29 503 1 126 477 Excess of revenues / (expenditure) recognised in statement of activities 113 430 131 638 – 245 068 Message from the IOC President 01 Translation adjustment – – 6 499 6 499 Shaping the Future 03 Total comprehensive income / (loss) for the year 251 567 The Role and Structure of the IOC 04 Balance at 31 December 2010 1 066 806 275 236 36 002 1 378 044 Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

The notes included on pages 58 to 87 are an integral part of the ﬁnancial statements.

53 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 1. IOC INTERIM REPORT 2009–2010 ACTIVITY

The International Olympic Committee (IOC), domiciled in • IOC Television and Marketing Services SA (IOCTMS), a Lausanne, Switzerland, is an international non-governmental company fully owned by the OF which manages the IOC’s not-for-profit organisation in the form of an association with worldwide sponsorship programme, all its other marketing the status of a legal person. Its registered office is located activities and activities related to broadcasting rights and at Château de Vidy. The mission of the IOC is to lead the new media. Olympic Movement in accordance with the Olympic Charter. • The Olympic Partner (TOP) Programme, the IOC’s The Olympic Movement encompasses organisations, athletes worldwide sponsorship programme which is managed by and other persons who agree to be guided by the Olympic IOCTMS. Charter, including, in addition to the IOC, the International Sports Federations (IFs), the National Olympic Committees • Olympic Broadcasting Services SA (OBS SA), a company Message from the IOC President 01 (NOCs) including the United States of America Olympic that supplies all services relating to the establishment Shaping the Future 03 Committee (USOC) and the Organising Committees of the and management of the Host Broadcasting function of Olympic Games (OCOGs). the Olympic Games, and in which the OF holds a 99% The Role and Structure of the IOC 04 shareholding. The Olympic Movement’s revenues are largely generated Ensure the Regular Celebration of the Olympic Games 06 from royalties on licensing television broadcasting rights for • Olympic Broadcasting Services SL (OBS SL), a company Educate Youth through Sport 12 Olympic Games, as well as revenues from the commercial that provides services to OBS SA, fully owned subsidiary of exploitation of the Olympic symbol and Olympic emblems. OBS SA. Promote Olympism in Society 18 In addition to the activities of the IOC, these combined • Olympic Broadcasting Services Vancouver LTD (OBSV), Lead and Support the Olympic Movement 26 financial statements include the activities of the following a company that provides services to OBS SA, for the Maximise Performance: IOC Administration 34 organisations and programmes: purpose of the 2010 Olympic Winter Games, fully owned subsidiary of OBS SA. An Enduring Symbol 38 • The Olympic Museum (OM), a foundation governed by the provisions of the Swiss Civil Code. It has been entrusted • Olympic Broadcasting Services London LTD (OBSL), IOC Session Decisions and Membership 40 by the IOC with the task of depicting the history and a company that provides services to OBS SA, for the Worldwide Olympic Partners 47 development of the Olympic Movement and to associate purpose of the 2012 Olympic Games, fully owned the movement with art and culture for specialists and the subsidiary of OBS SA. Report of the Auditors and Combined 48 public at large worldwide. Financial Statements, 2009–2010 The activities of the OM, the OF, OS, IOCTMS, TOP, OBS SA, • The Olympic Foundation (OF), a foundation governed by OBS SL, OBSV and OBSL have been combined with those the provisions of the Swiss Civil Code. It has been entrusted of the IOC (together, the IOC or the Group) on the basis of the by the IOC to give support to the activities of the Olympic fact that the latter has a majority shareholding or control of Movement notably in the areas of culture, education the Boards of each organisation and programme. and sports. A 33.3% investment in La Maison du Sport International SA, • Olympic Solidarity (OS), a programme developed jointly Lausanne, held by the OF, is accounted for under the equity by the IOC and the National Olympic Committees (NOCs). method of accounting. Its purpose is to assist the officially recognised NOCs, especially those most in need, to fulfil their mission and in making known the ideals of the Olympic Movement.

54 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 2. IOC INTERIM REPORT 2009–2010 BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A) Basis of presentation Amendments to published standards coming into The combined financial statements are prepared in effect in 2010 accordance with and comply with International Financial New standards, amendments or interpretations becoming Reporting Standards (IFRS). The significant accounting effective in 2010 are not relevant for the IOC. The IOC has policies are described below and have been consistently not early adopted any other standards, amendments or applied to the years presented, unless otherwise stated. interpretations. The financial statements are prepared under the historical Standards, amendments and interpretations not yet cost convention except for financial assets at fair value effective and which have not been early adopted through profit or loss and derivative financial instruments The Group’s assessment of the impact of these new which are shown at fair value. Transactions and balances standards and interpretations is set out below. Message from the IOC President 01 among the combined organisations and programmes Shaping the Future 03 have been eliminated. IFRS 9, “Financial instruments”, issued in November 2009. This standard is the first step in the process to replace IAS The preparation of financial statements in conformity with The Role and Structure of the IOC 04 39, “Financial instruments: recognition and measurement”. IFRS requires the use of accounting estimates and also IFRS 9 introduces new requirements for classifying and Ensure the Regular Celebration of the Olympic Games 06 requires the exercise of judgment in the application of the measuring financial assets. The standard is not applicable accounting policies. In particular, significant assumptions Educate Youth through Sport 12 until 1 January 2013 but is available for early adoption. are used in the calculation of the defined benefit obligations Promote Olympism in Society 18 (note 12). The Group has yet to assess IFRS 9’s full impact. However, initial indications are that it should not affect the Group’s Lead and Support the Olympic Movement 26 These combined financial statements have been approved by accounting for its financial assets. Maximise Performance: IOC Administration 34 the Executive Board of the IOC on 5 April 2011. IAS 24 (revised), “Related party disclosures”, issued in The amounts shown in these combined financial statements An Enduring Symbol 38 November 2009. It supersedes IAS 24, “Related party are presented in US dollars, in view of the international nature disclosures”, issued in 2003. IAS 24 (revised) is mandatory IOC Session Decisions and Membership 40 of the IOC’s operations and due to the majority of its revenues for periods beginning of or after 1 January 2011. Earlier being earned in that currency. Worldwide Olympic Partners 47 application, in whole or in part, is permitted. As a result of a change in the underlying transactions of a Report of the Auditors and Combined 48 The revised standard clarifies and simplifies the definition of subsidiary, the Group has changed the functional currency Financial Statements, 2009–2010 a related party and removes the requirement for government- designation of this subsidiary from CHF to USD. The change related entities to disclose details of all transactions with is effective prospectively as from 1 January 2010. the government and other government-related entities. The The television broadcasting revenues are received in USD, Group will apply the revised standard from 1 January 2011. EUR, JPY and AUD. The related distributions are paid in USD When the revised standard is applied, the Group and the and EUR. parent will need to disclose any transactions between its subsidiaries and its associates. The Group is currently putting Restricted assets represent the equivalent of advances systems in place to capture the necessary information. It is, received on television rights royalties. Such funds are held in therefore, not possible at this stage to disclose the impact, if financial assets at fair value through profit or loss or in trust. any, of the revised standard on the related party disclosures. Certain standards, amendments and interpretations to existing standards have been published and are mandatory to the IOC’s accounting periods beginning on or after 1 January 2011 or later periods, but the IOC has not early adopted them. The IOC currently believes that none of them will have an impact on its combined financial statements.

55 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

B) Foreign currencies a) Group companies Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (“the functional currency”). The statements of activities of the Group’s entities that have a functional currency different from the presentation currency have been translated in US dollars at average exchange rates Message from the IOC President 01 for the year and the statements of financial position at the Shaping the Future 03 year-end exchange rates ruling at 31 December. Exchange differences arising from such translation have been taken to The Role and Structure of the IOC 04 the statement of changes in fund balances. Ensure the Regular Celebration of the Olympic Games 06 The main exchange rates used are as follows: Educate Youth through Sport 12 Promote Olympism in Society 18 2010 2009 2010 2009 USD against Year end rates Average rates Lead and Support the Olympic Movement 26 1 Swiss Franc CHF 1.0693 0.9660 0.9633 0.9235 Maximise Performance: IOC Administration 34 1 Euro EUR 1.3374 1.4332 1.3196 1.3916 An Enduring Symbol 38 1 Canadian Dollar CAD 1.0013 0.9498 0.9651 0.8811 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 b) Transactions and balances Management determines the classification of its financial assets at initial recognition and re-evaluates this designation Report of the Auditors and Combined 48 Foreign currency income and expenditure are accounted at at every reporting date. Financial Statements, 2009–2010 the exchange rates prevailing at the date of the transactions. Gains and losses resulting from the settlement of such a) Financial assets at fair value through profit or loss transactions and from the translation of monetary assets and A financial asset is classified in this category if acquired liabilities denominated in foreign currencies are recognised principally for the purpose of selling in the short term or if so in the statement of activities. Non-monetary items carried at designated by management. Derivatives are also categorised historical cost denominated in a foreign currency are reported as such. Assets in this category are classified as current using the historical exchange rate at the date of the transaction. assets if they are expected to be realised within 12 months of the balance sheet date. C) Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits b) Loans and receivables held at call with banks and other short-term highly liquid Loans and receivables are non-derivative financial assets investments with original maturities of three months or less. with fixed or determinable payments that are not quoted in an active market. They are included in current assets, except D) Financial assets for maturities greater than 12 months after the balance sheet The Group classifies its financial assets in the following date. These are classified as non-current assets. categories: financial assets at fair value through profit or loss, and loans and receivables. The classification depends on the Regular purchases and sales of investments are recognised purpose for which the financial assets were acquired. on settlement date. Financial assets at fair value through profit or loss are initially recognised at fair value and transaction

56 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

costs are expensed in the statement of activities. They New building installations and major renewals, in particular are subsequently carried at fair value. Investments are broadcasting equipment, are capitalised; maintenance, derecognised when the rights to receive cash flows from repairs and minor renewals are charged to the statement the investments have expired or have been transferred and of activities as incurred. The depreciation charge on the IOC has transferred substantially all risks and rewards of broadcasting equipment is included in the Olympic Games ownership. Loans and receivables are carried at amortised related expenditure. cost using the effective interest method. G) Intangible assets Gains or losses arising from changes in the fair value of the Brand protection costs, which consist mainly of fees and ‘financial assets at fair value through profit or loss’ category, other related costs that the Group incurs to maintain and including interest and dividend income, are presented in the Message from the IOC President 01 reinforce the IOC’s brands, are shown at historical cost. statement of activities within financial income, net, in the Brand protection costs have a finite useful life and are carried Shaping the Future 03 period in which they arise. at cost less accumulated amortisation. Amortisation is The Role and Structure of the IOC 04 calculated using the straight-line method to allocate brand E) Deferred income and expenditure protection costs over 6 to 10 years. Ensure the Regular Celebration of the Olympic Games 06 Income and expenditure relating to Olympic Games and Youth Olympic Games (the “Games”) not yet held are Educate Youth through Sport 12 H) Pension obligations deferred and recognised in the statement of activities upon The Group sponsors pension plans for employees of the Promote Olympism in Society 18 successful completion of the Games. These include costs IOC, OM, OF and IOCTMS. These plans are cash-balance incurred on certain projects which provide benefits to a Lead and Support the Olympic Movement 26 plans treated as defined benefit plan for financial reporting number of Games. Income and expenditure relating to the purposes. The plan assets are separated and managed Maximise Performance: IOC Administration 34 TOP programme are deferred for items relating to future TOP independently from the Group’s assets. The pension plans’ four-year-programmes. In addition, certain amounts relating An Enduring Symbol 38 obligations and the service cost are calculated annually by an to value in kind contributions received and payable to OCOGs independent actuary. The method used is the projected unit IOC Session Decisions and Membership 40 under the TOP programme are deferred and recognised in credit method. The Group’s policy for recognition of actuarial the year of the Games. Worldwide Olympic Partners 47 gains and losses is to recognise the amount exceeding 10% of the higher of the present value of obligations and Report of the Auditors and Combined 48 F) Tangible fixed assets the assets over the average future working life of the active Financial Statements, 2009–2010 Buildings and building installations, leasehold improvements, members. Furthermore, the Group pays contributions to furniture and equipment and information technology savings plans for OBS SL. systems are stated at cost less accumulated depreciation. Broadcasting equipment is depreciated according to its I) Designated funds effective use during the Olympic Winter Games and during Funds designated for the financing of the annual programme the Games of the Olympiad once every two years. of Olympic Solidarity and 2010 Vancouver television Depreciation of other assets is calculated on a straight line broadcasting rights that the IOC has reserved for future basis over the estimated useful life of the assets as follows: distribution are reported as designated funds in the combined financial statements. The balance of these funds at Buildings 50 years December 31, 2010 consists of unutilised budget allocations Building installations 25 years for the 2009–2012 quadrennial programme and television Leasehold improvements, furniture broadcasting rights allocated but not yet paid. and equipment 4 to 10 years Information technology systems 4 to 5 years Collections 25 years Land is stated at cost and is not depreciated.

57 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

J) Revenue recognition c) Other rights a) Television broadcasting rights Other rights include revenues from the commercial Royalties from the licensing of television rights to broadcast exploitation of the Olympic symbol and Olympic emblems. Olympic Games and Youth Olympic Games are recognised The revenues represent the Group’s share of the OCOGs on the successful completion of the respective Olympic marketing programmes, as well as income from other Games. Instalments received by the IOC prior to this date sponsorship, suppliership and licensing agreements. are deferred as they may be repayable, in whole or in part, Revenues which are related to Olympic Games are deferred to the television networks at any time up to the completion until the year the Olympic Games are held; other revenues are of the Games upon the occurrence, for any reason, of one recorded in the period the instalments become due. Part of Message from the IOC President 01 or several conditions specified in the agreements. Interests these revenues is received in the form of goods or services earned on the instalments received are of the benefit of the (Value in Kind). Shaping the Future 03 IOC and are recorded as interest income currently. K) Financial income The Role and Structure of the IOC 04 The proceeds from television rights royalties are allocated Interest income is recognised on an effective yield basis, between the IOC, OCOGs, IFs, NOCs and OS by decision Ensure the Regular Celebration of the Olympic Games 06 and dividend income is recognised when the right to receive of the IOC Executive Board upon the successful completion payment is established. Educate Youth through Sport 12 of the Olympic Games. Promote Olympism in Society 18 b) TOP rights L) Income taxes The IOC, the OF and the OM are exempt from paying income Lead and Support the Olympic Movement 26 Revenues from TOP rights are partly received in cash, in taxes. Income taxes due by IOCTMS, OBS SA, OBS SL and which case they are recorded in the period the instalments Maximise Performance: IOC Administration 34 OBSV as at 31 December, 2010 and 2009 are included in become due, and partly received in the form of goods or accounts payable and amount to USD 0.820 million in 2010 An Enduring Symbol 38 services (Value in Kind). Value in Kind is recognised for the and USD 0.388 million in 2009. IOC Session Decisions and Membership 40 USOC, the NOCs and the IOC on a linear basis during the period of the contract and in the year of the Games of the M) Accounting for derivative financial instruments Worldwide Olympic Partners 47 Olympiad or Olympic Winter Games for the OCOGs. Value and hedging activities in Kind revenues are recorded based on their underlying fair Report of the Auditors and Combined 48 Derivative financial instruments are recognised in the value. Fair value is considered to be the estimated market Financial Statements, 2009–2010 statement of financial position at fair value. All fair value price obtainable between knowledgeable, willing parties in changes are recognised immediately in the statement an arm’s length transaction. of activities. The TOP rights proceeds, net of related management fees, Certain financial instrument transactions provide effective are allocated between the IOC, OCOGs and NOCs based economic hedges under the Group’s risk management on a standard formula agreed by the parties. Such distribution policies; however, they do not qualify for hedge accounting is recorded in line with the aforementioned policy with respect under the specific rules in IAS 39. As a consequence, the to the recognition of TOP rights. hedging instrument and the hedged item are reported independently as if there were no hedging relationship.

58 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 3. IOC INTERIM REPORT 2009–2010 FINANCIAL RISK MANAGEMENT

A) Financial risk factors b) Interest rate risk The Group’s activities expose it to a variety of financial risks, The Group is exposed to interest rate risk through the impact including the effects of changes in foreign currency exchange of rate changes on interest bearing assets. These exposures rates and interest rates. Its overall risk management are managed partly through the use of derivative financial programme seeks to minimise potential adverse effects on instruments such as interest rate swaps and swaptions. the activities of the Group. The Group uses derivative financial instruments such as foreign currency options, interest rate At 31 December 2010, if the interest rates had increased/ swaps, swaptions and forward contracts to cover certain decreased by 1%, with all other variables held constant, exposures. excess of revenues (expenditure) for the year would have improved/deteriorated by USD 15.2 millions (2009 USD 15.1 Risk management is carried out by the treasury section under Message from the IOC President 01 millions) lower/higher, mainly as a result of change in fair value limits determined by the Finance Management Committee of bond instruments included in financial assets at fair value Shaping the Future 03 and the policies approved by the Executive Board. through profit or loss. The Role and Structure of the IOC 04 a) Foreign exchange risk c) Credit risk Ensure the Regular Celebration of the Olympic Games 06 The Group is exposed to foreign exchange risks mainly A substantial part of the Group’s revenues are generated because most of its revenues are generated in various Educate Youth through Sport 12 from the licensing of television broadcasting rights and other currencies including USD, EUR and JPY whereas its central rights. The Group believes that all amounts due under such Promote Olympism in Society 18 operating and administrative costs are essentially Swiss franc rights are fully collectible. The Group has policies which based. Foreign currency option and forward contracts are Lead and Support the Olympic Movement 26 limit the amount of credit and investment exposures. Cash used to reduce the related exposure. Maximise Performance: IOC Administration 34 is placed with, derivative instruments are entered into, and At 31 December 2010, if the EUR had weakened/ custodian agreements in place with Swiss banks. Investment An Enduring Symbol 38 strengthened by 10% against the USD with all other variables securities represent notes issued by major corporations and IOC Session Decisions and Membership 40 held constant, excess of revenues (expenditure) for the year government entities as well as investment fund units issued would have deteriorated/improved by USD 27.2 millions by major banks. Worldwide Olympic Partners 47 (2009: USD 18.9 millions). d) Market risk Report of the Auditors and Combined 48 At 31 December 2010, if the CHF had weakened/ The Group is exposed to market risk because of its financial Financial Statements, 2009–2010 strengthened by 10% against the USD with all other variables assets at fair value through profit or loss other than money held constant, excess of revenues (expenditure) for the year market instruments. These exposures are managed by the would have deteriorated/improved by USD 2.7 millions (2009: Group using the financial risk management policies USD 5.5 millions). described below. At 31 December 2010, if the JPY had weakened/ At 31 December 2010, if the equity indexes had increased/ strengthened by 10% against the USD with all other variables decreased by 10%, with all other variables held constant, held constant, excess of revenues (expenditure) for the year excess of revenues (expenditure) for the year would have would have deteriorated/improved by USD 1.0 million (2009: improved/deteriorated by USD 12.1 millions (2009 USD USD 2.0 millions). 7.2 millions), mainly as a result of change in fair value of equity based instruments included in financial assets at fair value through profit or loss.

59 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

e) Liquidity risk The treasury department monitors and manages cash at the Group level and prepares rolling forecasts of the Group’s liquidity position on an ongoing basis. Such forecasting takes into consideration the contractual terms of cash in- and outflows under broadcasting rights and TOP Programme agreements, the IOC’s funding of contractual obligations towards other organisations of the Olympic movement and operating expenses of the Group’s Message from the IOC President 01 organisations and programmes. Shaping the Future 03 Surplus cash held by the Group is invested in the Olympic Foundation portfolio (note 3B). The Role and Structure of the IOC 04 The table below analyses the Group’s non-derivative financial Ensure the Regular Celebration of the Olympic Games 06 liabilities and net settled derivative financial liabilities into Educate Youth through Sport 12 relevant maturity groupings based on the remaining period at the balance sheet date to the contractual maturity date. Promote Olympism in Society 18 The amounts disclosed in the table are the contractual Lead and Support the Olympic Movement 26 undiscounted cash flow. Maximise Performance: IOC Administration 34

An Enduring Symbol 38 At 31 December 2010 Less than 1 Between 1 Between 2 Over 5 IOC Session Decisions and Membership 40 USD 000 year and 2 years and 5 years years Worldwide Olympic Partners 47 Accounts payable and accrued expenses 92 975 – – – Olympic Games related advances – 712 682 2 468 6 380 Report of the Auditors and Combined 48 Olympic Games related deferred income – 23 815 19 864 – Financial Statements, 2009–2010 Earmarked funds 25 850 42 243 – – Balance at 31 December 118 825 778 740 22 332 6 380

At 31 December 2009 Less than 1 Between 1 Between 2 Over 5 USD 000 year and 2 years and 5 years years Accounts payable and accrued expenses 79 899 – – – Olympic Games related advances 738 033 – 370 530 6 685 Olympic Games related deferred income 97 856 – 28 571 – Earmarked funds 25 115 25 125 4 276 – Balance at 31 December 940 903 25 125 403 377 6 685

60 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

B) Financial risk management policy b) Responsibilities a) Overview and Objectives The Executive Board approves the investment strategy for The IOC receives funds which are distributed among the the International Olympic Committee, Olympic Foundation, various members of the Olympic Movement. The Executive TOP Programme and OBS portfolios on the recommendation Board adopts policies and procedures to govern the of the Finance Commission, and thereafter exercises overall management of these funds as well as the level of market supervision of its implementation. The execution of approved and credit risk that can be assumed, and the reports to be investment strategies is the responsibility of the TFIMC. submitted. The investment strategy of the Olympic Solidarity portfolio is subject to the prior approval of the Olympic Solidarity Policies described below are to be followed in the Commission. The Treasurer is responsible for implementing Message from the IOC President 01 management of the funds directly under the control of the approved strategies and ensuring compliance with IOC. These funds are kept in five separate portfolios herein Shaping the Future 03 policy limits. denominated as the International Olympic Committee The Role and Structure of the IOC 04 portfolio, the Olympic Foundation portfolio, the Olympic c) International Olympic Committee Portfolio Solidarity portfolio, the TOP programme portfolio, and the Ensure the Regular Celebration of the Olympic Games 06 The IOC portfolio includes funds of a restricted nature OBS portfolio. Educate Youth through Sport 12 derived primarily from broadcasting rights contracts which The International Olympic Committee portfolio holds funds may have to be reimbursed in foreign currency under Promote Olympism in Society 18 of a restricted nature derived from the sale of television certain circumstances, within an uncertain period of time. Lead and Support the Olympic Movement 26 broadcasting rights. It also keeps the short-term treasury The remainder of the portfolio is used to finance operating position of the IOC and the accounts from which the operating expenses, made usually in CHF, and other cash outflows. Maximise Performance: IOC Administration 34 expenses and other cash outflows of the IOC are disbursed. The short-term nature and uncertainty of the claims on the An Enduring Symbol 38 The Olympic Foundation portfolio is the primary reserve fund IOC portfolio suggest that it should have a modest risk profile IOC Session Decisions and Membership 40 of the IOC. Its purpose is to cover the operating expenses of where a principal attribute is capital preservation. the IOC over an Olympiad in which no Games were held. Worldwide Olympic Partners 47 The portion of the portfolio financed by restricted funds should The Olympic Solidarity portfolio holds the funds which are to be invested in the same currency in which the IOC received Report of the Auditors and Combined 48 be distributed by the OS. the funds. The duration of these investments will correspond Financial Statements, 2009–2010 to the dates of the Opening Ceremony of the Olympic Games The TOP programme portfolio and the OBS portfolio serve to covered by the respective broadcasting rights payments. The manage the liquidity of the respective entities. remainder of the portfolio should include enough USD, GBP, The Finance Commission is responsible for recommending EUR, AUD, CAD and CHF-denominated assets to cover six policies for approval by the Executive Board. These portfolios months of operating expenses. Any remaining funds can are managed by the Treasurer, and overseen by the Treasury be invested in USD and EUR-denominated assets, with the and Financial Investments Management Committee (TFIMC) proportion of assets in USD remaining between 40–60% of as well as the Finance Commission. the total remaining funds. The objective of this policy statement is to outline for each portfolio, (a) the type of investment instruments permitted with limits by type of instrument, (b) the maximum market risk limits to be assumed by the portfolios, by duration and value-at-risk measures, (c) the limits on debt investments by credit rating, and (d) the reporting requirements.

61 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Types of investments permitted include: Types of investments permitted include: • Money market funds, bank deposits, notes and bonds • Money market funds, bank deposits, notes and bonds issued by supranational entities, corporates, states and issued by supranational entities, corporates, states and provinces. provinces. • Foreign-exchange spot forwards. • Common equities as well as exchange-traded funds (ETFs). • Structured products with 100% capital guarantee. • Mutual funds or hedge funds which invest in securities described above. • Foreign-exchange options. • Private equity funds and emerging market debt and For fixed-income securities, the following limits shall apply: Message from the IOC President 01 equity funds. • Ratings: supranational entities, corporates, states and Shaping the Future 03 • Fund of Funds. provinces bonds shall have a rating of “A” (up to 30%); The Role and Structure of the IOC 04 and “AA and above” (at least 70%). • Real Estate. Ensure the Regular Celebration of the Olympic Games 06 • The duration of the fixed-income portfolio that is not • Commodities. restricted shall not exceed 4 years, and the 90-day Educate Youth through Sport 12 • Structured products with 100% capital guarantee. value-at-risk must remain below 9% of the market value. Promote Olympism in Society 18 • Spot foreign-exchange forwards and options. • Total exposure to any one corporate issuer should not Lead and Support the Olympic Movement 26 exceed 6% of the market value of the total bond portfolio. For fixed-income securities, the following limits shall apply: Maximise Performance: IOC Administration 34 • Structured notes (primarily callable) maximum 20% of the • Ratings: supranational entities, corporates, states and An Enduring Symbol 38 market value of the bond portfolio. provinces bonds shall have a rating of “B” (up to 5% of the market value of the bond portfolio), single “A” (up to 30%); • Interest rate derivatives-swaps (IRS), Forward Rate IOC Session Decisions and Membership 40 and “AA and above” (at least 70%); unrated obligations are Agreement (FRA) and swaptions (for hedging purposes). Worldwide Olympic Partners 47 not permitted. d) Olympic Foundation Portfolio Report of the Auditors and Combined 48 • The duration of the fixed-income portfolio shall not exceed Financial Statements, 2009–2010 The Olympic Foundation will ensure that it has sufficient 10 years, and the 90-day value-at-risk must remain below investments coming to maturity or realisable with a minimum 9% of the market value. of loss during the period 2009–2012 so as to cover the • Total exposure to any one corporate issuer should not IOC operating cash requirements in the eventuality of a exceed 6% of the market value of the total bond portfolio. cancellation of the 2010 or 2012 Olympic Games. For common equities, the following limits will apply: • Positions in any single equity must be limited to 6% of the market value of the equity portfolio. Positions in a single Equity fund and Fund of funds must be limited to 12% of the equity portfolio. • Emerging market equities cannot exceed 20% of the market value of the equity portfolio.

62 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

The proportion of the portfolio invested in equities (including e) Olympic Solidarity Portfolio hedge funds and funds of funds) cannot exceed 30% of the Types of investments permitted include US dollar- total market value of the portfolio. denominated money market instruments, notes and bonds For commodities investments, the following limits will apply: issued by supranational entities as well as G-10 countries, including their governments and corporations, whereby the • Investments must be limited to 10% of the market value of following limits apply: the total portfolio. • Ratings: corporate obligations shall have a rating of “A” For real estate investments, the following limits will apply: or above; the applicable limit for single “A” is 20% of the • Direct investments in real estate as well as real estate market value of the portfolio. Message from the IOC President 01 funds must be limited to 10% of the market value of the • The duration of the fixed-income portfolio shall not total portfolio. Shaping the Future 03 exceed five years, and the 90-day value-at-risk must The Role and Structure of the IOC 04 Currency allocation: remain below 6% of the market value at inception Olympic Foundation investments can be made in every of the funding allocation. Ensure the Regular Celebration of the Olympic Games 06 convertible currency. Nevertheless, the following ranges • Total exposure to any one corporate issuer should not should be maintained and respected: Educate Youth through Sport 12 exceed 6% of the market value of the total portfolio at Promote Olympism in Society 18 • 35–45% of the total of investments in USD inception of the funding allocation. Lead and Support the Olympic Movement 26 • 35–45% of the total of investments in EUR f) TOP Programme and OBS Portfolios: Maximise Performance: IOC Administration 34 • 10–20% of the total of investments in CHF These two portfolios mainly consist of money market investments and bonds and focus on managing liquidity. An Enduring Symbol 38 • 0–10% other currencies g) Benchmarks IOC Session Decisions and Membership 40 Custodian banks: The Olympic Foundation assets should be held in several Each category of investment within the IOC portfolios has a Worldwide Olympic Partners 47 banks for diversification purposes. None of them should have benchmark index identified. These will be used to compare Report of the Auditors and Combined 48 more than 70% of the global portfolio. the actual total return of the portfolios of the IOC, the OF, TOP Financial Statements, 2009–2010 and OBS with a corresponding passive index.

63 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

h) Reporting C) Fair value estimation Effective 1 January 2009, the Group adopted the amendment Reports on the investment portfolios must be presented to IFRS 7, financial instruments – disclosures, that requires to the Finance Commission on a semi-annual basis disclosure of fair value measurements by level of the following and quarterly to the Finance Management Committee. hierarchy: In addition, a dashboard report is issued every month and sent to management. This report assesses the • Quoted prices (unadjusted) in active markets for identical full compliance of investments with risk policies. Any assets or liabilities (level 1); deviation is underlined and the follow-up and the final • Inputs other than quoted prices included within level 1 that decision are taken by management. are observable for the asset or liability, either directly (that is, Message from the IOC President 01 The monthly dashboard is distributed to the Treasury and as prices) or indirectly (that is, derived from prices) (level 2); Financial Investments Management Committee which is Shaping the Future 03 • Inputs for the asset or liability that are not based on composed of the following members: President, Chairman observable market data (that is, unobservable inputs) The Role and Structure of the IOC 04 of the Finance Commission, General Director, Chief (level 3). Ensure the Regular Celebration of the Olympic Games 06 Financial Officer and the Treasurer. Substantially all assets at fair value through profit or loss held As at 31 December 2010 and 2009, the dashboard Educate Youth through Sport 12 by the Group are valued using quoted prices (unadjusted) in did not reveal any significant discrepancy with the risk active markets (level 1). Promote Olympism in Society 18 management policies. The fair value of publicly traded derivatives and financial Lead and Support the Olympic Movement 26 i) Policy Exceptions assets at fair value through profit or loss is based on quoted Maximise Performance: IOC Administration 34 Policy exceptions may be approved in the event that market prices at the statement of financial position date. An Enduring Symbol 38 unusual market conditions require immediate action, and The fair value of interest rate swaps and swaptions is it is not feasible to convene the Finance Commission. In the calculated at the present value of the estimated future cash IOC Session Decisions and Membership 40 case of any proposed actions that could result in exceeding flows. The fair value of forward foreign exchange options and Worldwide Olympic Partners 47 a policy limit, approval must be obtained from at least two forward contracts is determined using forward exchange members of the Finance Management Committee, one of market rates at the statement of financial position date. Report of the Auditors and Combined 48 whom must be either the President or the Chairman of the

Financial Statements, 2009–2010 Finance Commission, before proceeding. After the Treasury and Financial Investments Management Committee meeting, the transaction(s) must be presented for ratiﬁcation.

64 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 4. IOC INTERIM REPORT 2009–2010 CASH AND CASH EQUIVALENTS

2010 2009 USD 000 USD 000 Cash at bank and in hand 26 750 72 126 Bank deposits • in USD 220 988 16 039 • in EUR 62 442 9 859 • in CHF – 1 541 • in CAD 9 324 – • in GBP 11 239 4 960 • in AUD – 3 769 Message from the IOC President 01 • in JPY 12 813 – Shaping the Future 03 Total cash and cash equivalents 343 556 108 294 The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 The majority of bank deposits are made through Swiss banks. The table below summarises the weighted average interest rates at 31 December. Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Currencies 2010 2009 Maximise Performance: IOC Administration 34 USD 0.43% 0.27% An Enduring Symbol 38 EUR 0.73% 0.35% 40 CHF – 0.27% IOC Session Decisions and Membership CAD 0.88% – Worldwide Olympic Partners 47 GBP 0.74% 0.39% AUD – 3.48% Report of the Auditors and Combined 48 JPY 0.39% – Financial Statements, 2009–2010

65 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 5. IOC INTERIM REPORT 2009–2010 FINANCIAL ASSETS

A) Movements in ﬁnancial assets at fair value through proﬁt or loss 2010 2009 USD 000 USD 000 For the year ended 31 December Opening net book amount 1 141 763 883 191 Additions 998 079 765 040 Disposals (751 964) (545 540) Exchange differences (5 842) 25 103 Increase / (decrease) in market value 11 000 13 969 Message from the IOC President 01 Closing net book amount 1 393 036 1 141 763 Shaping the Future 03

The Role and Structure of the IOC 04 As at 31 December Ensure the Regular Celebration of the Olympic Games 06 Current 332 267 294 151 Educate Youth through Sport 12 Non current (note 5C) 380 456 122 956 Restricted (note 8) 680 313 724 656 Promote Olympism in Society 18 Total of financial assets at fair value through profit or loss 1 393 036 1 141 763 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 Financial assets at fair value through profit or loss mainly Exchange quoted selling prices and published investment An Enduring Symbol 38 consist of fixed and floating rate bonds and investment fund fund unit prices at the close of business on the statement of IOC Session Decisions and Membership 40 units, including equity funds, which are carried at market financial position date. value. Market value is calculated by reference to Stock Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

66 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

B) Financial assets at fair value through proﬁt or loss by portfolio and classes, including restricted ﬁnancial assets disclosed in note 8 2010 2009 USD 000 USD 000 a) International Olympic Committee Money market funds 153 763 – Bonds 567 503 549 580 Other – 916 Message from the IOC President 01 721 266 550 496 b) Olympic Foundation Shaping the Future 03 Money market funds 30 746 51 747 The Role and Structure of the IOC 04 Bonds 301 525 262 892 Equity 43 872 26 518 Ensure the Regular Celebration of the Olympic Games 06 Hedge funds 76 149 44 153 Educate Youth through Sport 12 Real estate 15 155 10 389 Commodities 16 121 7 058 Promote Olympism in Society 18 Other (266) – 483 302 402 757 Lead and Support the Olympic Movement 26 c) Olympic Solidarity Maximise Performance: IOC Administration 34 Money market funds 52 077 86 531 An Enduring Symbol 38 Bonds 101 552 66 135 153 629 152 666 IOC Session Decisions and Membership 40 d) TOP Programme Worldwide Olympic Partners 47 Money market funds – 22 963 Bonds 31 580 9 922 Report of the Auditors and Combined 48 Equity 1 574 1 500 Financial Statements, 2009–2010 Commodities 1 685 1 459 34 839 35 844 Total portfolios 1 393 036 1 141 763

Total by classes Money market funds 236 586 161 241 Bonds 1 002 160 888 529 Equity 45 446 28 018 Hedge funds 76 149 44 153 Real estate 15 155 10 389 Commodities 17 806 8 517 Other (266) 916 1 393 036 1 141 763

67 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

C) Long-term financial assets 2010 2009 USD 000 USD 000 Receivable from Organising Committees of Olympic Games: London 205 608 130 207 Sochi 6 098 – Rio 22 715 – Financial assets at fair value through profit or loss (note 5A) 380 456 122 956 Loan to the Maison du Sport International 8 077 4 872 Message from the IOC President 01 Other financial assets 12 570 17 371 Shaping the Future 03 Total financial assets 635 524 275 406 The Role and Structure of the IOC 04 The receivable from London OCOG is guaranteed by the UK The IOC has provided the financing for the construction of an Ensure the Regular Celebration of the Olympic Games 06 Government which has an S&P rating of AAA. additional building of the Maison du Sport International, for an Educate Youth through Sport 12 amount up to CHF 7 millions. Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

68 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

D) Financial instruments by category Financial assets at fair value through Loans and profit or loss receivables Total USD 000 USD 000 USD 000 Assets as per balance sheet at 31 December 2010 Unrestricted Current assets Cash and cash equivalents – 343 556 343 556 Financial assets at fair value through profit or loss 332 267 – 332 267 Message from the IOC President 01 Receivables and other current assets – 47 022 47 022 Shaping the Future 03 Non-current assets Financial assets 380 456 255 068 635 524 The Role and Structure of the IOC 04 Restricted Ensure the Regular Celebration of the Olympic Games 06 Restricted assets 680 313 41 217 721 530 Educate Youth through Sport 12 Total 1 393 036 686 863 2 079 899 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Assets as per balance sheet at December 31, 2009 Unrestricted Maximise Performance: IOC Administration 34 Current assets An Enduring Symbol 38 Cash and cash equivalents – 108 294 108 294 Financial assets at fair value through profit or loss 294 151 – 294 151 IOC Session Decisions and Membership 40 Receivables and other current assets – 394 763 394 763 Non-current assets Worldwide Olympic Partners 47 Financial assets 122 956 152 450 275 406 Report of the Auditors and Combined 48 Restricted Financial Statements, 2009–2010 Restricted assets 724 656 391 787 1 116 443 Total 1 141 763 1 047 293 2 189 056

Except where mentioned in the relevant notes, the carrying amount of each class of ﬁnancial assets disclosed in the table above approximate the fair value.

69 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 6. IOC INTERIM REPORT 2009–2010 RECEIVABLES AND OTHER CURRENT ASSETS

2010 2009 USD 000 USD 000 Receivable from Organising Committees of Olympic Games: London 75 4 128 Sochi 1 601 735 Rio 200 – Vancouver – 308 558 Rights income receivable 1 751 814 Recoverable withholding taxes and VAT 5 853 6 628 Other receivables 2 016 18 028 Message from the IOC President 01 Accrued interest receivable 15 541 24 342 Prepaid expenses and advances 10 477 24 248 Shaping the Future 03 Prepaid pension costs (note 12) 7 736 5 245 The Role and Structure of the IOC 04 Olympic souvenirs and awards 1 772 2 037 Total receivables and other current assets 47 022 394 763 Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 As of 31 December 2010 and 2009, no receivables were past due. Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

70 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 7. IOC INTERIM REPORT 2009–2010 TANGIBLE FIXED ASSETS

Land, Leasehold buildings and improvements, Information building furniture and technology Broadcasting installations equipment systems equipment Collections Total USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 Year ended December 31, 2009 Opening net book amount 84 772 12 291 13 052 5 760 27 541 143 416 Exchange differences 1 834 233 26 700 – 2 793 Additions / Disposals, net 581 5 228 8 812 11 298 937 26 856 Depreciation charge (2 014) (2 979) (4 003) – (1 139) (10 135) Message from the IOC President 01 Closing net book amount 85 173 14 773 17 887 17 758 27 339 162 930 Shaping the Future 03 At December 31, 2009 The Role and Structure of the IOC 04 Cost 112 552 41 308 51 762 39 625 28 478 273 725 Exchange differences 1 834 233 26 700 – 2 793 Ensure the Regular Celebration of the Olympic Games 06 Accumulated depreciation (29 213) (26 768) (33 901) (22 567) (1 139) (113 588) Educate Youth through Sport 12 Net book amount 85 173 14 773 17 887 17 758 27 339 162 930 Promote Olympism in Society 18 Year ended December 31, 2010 Opening net book amount 85 173 14 773 17 887 17 758 27 339 162 930 Lead and Support the Olympic Movement 26 Exchange differences 6 157 426 (70) (1) – 6 512 Maximise Performance: IOC Administration 34 Additions / Disposals, net 242 4 359 6 630 9 902 1 362 22 495 Depreciation charge (2 072) (3 286) (5 451) (17 453) (1 194) (29 456) 38 An Enduring Symbol Closing net book amount 89 500 16 272 18 996 10 206 27 507 162 481 IOC Session Decisions and Membership 40 At December 31, 2010 Worldwide Olympic Partners 47 Cost 115 358 46 466 49 323 50 956 29 840 291 943 Exchange differences 6 157 426 (70) (1) – 6 512 Report of the Auditors and Combined 48 Accumulated depreciation (32 015) (30 620) (30 257) (40 749) (2 333) (135 974) Financial Statements, 2009–2010 Net book amount 89 500 16 272 18 996 10 206 27 507 162 481

71 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 8. IOC INTERIM REPORT 2009–2010 RESTRICTED FINANCIAL ASSETS

2010 2009 USD 000 USD 000 At 31 December Restricted ﬁnancial assets at fair value through proﬁt or loss (note 5A) 680 313 724 656 Television broadcasting rights instalments held in trust 41 217 391 787 Total restricted assets 721 530 1 116 443

At 31 December Current – – Message from the IOC President 01 Non-current 721 530 1 116 443 Shaping the Future 03 Total restricted assets 721 530 1 116 443 The Role and Structure of the IOC 04

Ensure the Regular Celebration of the Olympic Games 06 At 31 December 2010 and 2009, the weighted average At 31 December 2010 and 2009, TV broadcasting rights Educate Youth through Sport 12 interest rates on television broadcasting rights instalments instalments held in trust are concentrated on a single held in trust were 2.29% and 2.73%, respectively. counterpart rated AA+ by S&P. Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 9. IOC Session Decisions and Membership 40 ACCOUNTS PAYABLE AND ACCRUED EXPENSES Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010 2010 2009 USD 000 USD 000 Payable to Organising Committees of Olympic Games: London 6 555 – Vancouver – 5 214 Rights income to be redistributed 12 755 10 914 Other payables 41 340 41 934 Accrued expenses 32 325 21 837 Total accounts payable and accrued expenses 92 975 79 899

All accounts payable are due within 1 month.

72 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 10. IOC INTERIM REPORT 2009–2010 OLYMPIC GAMES RELATED ADVANCES, DEFERRED INCOME AND EXPENDITURE

Total Less Advances on TV rights by currency advances TV rights on allocated Advances, Deferred Deferred USD EUR JPY AUD TV rights to USOC net income expenditure USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 USD 000 2010 Olympic Winter Games 31.12.09 496 103 222 062 56 598 15 545 790 308 (52 275) 738 033 97 856 (114 932) 31.12.10 – – – – – – – – – Message from the IOC President 01 2012 Games Shaping the Future 03 of Olympiad 31.12.09 129 042 187 838 45 837 12 718 375 435 (7 529) 367 906 18 437 (22 272) The Role and Structure of the IOC 04 31.12.10 216 041 343 840 131 335 28 995 720 211 (7 529) 712 682 23 815 (41 680) Ensure the Regular Celebration of the Olympic Games 06 2014 Olympic Winter Games Educate Youth through Sport 12 31.12.09 300 2 324 – – 2 624 – 2 624 10 134 (9 335) Promote Olympism in Society 18 31.12.10 300 2 168 – – 2 468 – 2 468 19 864 (13 034) Lead and Support the Olympic Movement 26 2016 Games of Olympiad Maximise Performance: IOC Administration 34 31.12.09 2 115 4 570 – – 6 685 – 6 685 – (2 754) 31.12.10 2 115 4 265 – – 6 380 – 6 380 – (4 021) An Enduring Symbol 38 2018 Olympic IOC Session Decisions and Membership 40 Winter Games Worldwide Olympic Partners 47 31.12.09 – – – – – – – – (133) 31.12.10 – – – – – – – – (414) Report of the Auditors and Combined 48 Total Financial Statements, 2009–2010 31.12.09 627 560 416 794 102 435 28 263 1 175 052 (59 804) 1 115 248 126 427 (149 426) 31.12.10 218 456 350 273 131 335 28 995 729 059 (7 529) 721 530 43 679 (59 149) Current portion 31.12.09 496 103 222 062 56 598 15 545 790 308 (52 275) 738 033 97 856 (114 932) 31.12.10 – – – – – – – – – Non-current portion 31.12.09 131 457 194 732 45 837 12 718 384 744 (7 529) 377 215 28 571 (34 494) 31.12.10 218 456 350 273 131 335 28 995 729 059 (7 529) 721 530 43 679 (59 149)

73 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 11. IOC INTERIM REPORT 2009–2010 EARMARKED FUNDS

This account represents provisions based on tripartite obligation of ﬁnancial assistance to organisations of the Olympic Movement. Transactions recorded during 2010 and 2009 are as follows:

2010 2009 USD 000 USD 000 Year ended 31 December Balance at 1 January 54 516 88 217 Funds earmarked for allocation to organisations of the Message from the IOC President 01 Olympic Movement 39 000 – Shaping the Future 03 Reallocation of provision to earmarked funds – 5 302 Allocation to and funds expensed on behalf of the The Role and Structure of the IOC 04 World Anti-Doping Agency (12 966) (12 751) Allocation to the International Council of Arbitration of Sports (4 808) (5 081) Ensure the Regular Celebration of the Olympic Games 06 IOC / IFs solidarity programme (2 035) (2 140) Educate Youth through Sport 12 Olympic Congress Copenhagen – (10 760) Financial assistance to other organisations of the Promote Olympism in Society 18 Olympic Movement (5 614) (8 271) Lead and Support the Olympic Movement 26 Balance at 31 December 68 093 54 516 Maximise Performance: IOC Administration 34 At 31 December Current 25 850 25 115 An Enduring Symbol 38 Non-current 42 243 29 401 IOC Session Decisions and Membership 40 Balance at 31 December 68 093 54 516 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010 12. STAFF COSTS

2010 2009 USD 000 USD 000 Salaries 55 117 50 277 Social security costs 6 609 5 706 Pension costs—defined contribution plan 57 442 Pension costs—defined benefit plan 3 565 2 954 Total staff costs (note 17) 65 348 59 379

74 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Deﬁned beneﬁt pension plan The IOC’s pension scheme covers substantially all employees. The scheme was valued by independent actuaries using the projected unit credit method as at 31 December 2010. The amounts recognised in the statement of activities are as follows:

2010 2009 USD 000 USD 000 Message from the IOC President 01 Current service cost 7 330 6 044 Shaping the Future 03 Interest cost on projected beneﬁt obligations 1 706 1 515 The Role and Structure of the IOC 04 Expected return on plan assets (2 390) (1 852) Net amortisation 10 72 Ensure the Regular Celebration of the Olympic Games 06 Employee contribution (3 091) (2 825) Educate Youth through Sport 12 Total net periodic pension cost, included in staff costs, as above 3 565 2 954 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34

An Enduring Symbol 38 The actual return on plan assets was a gain of IOC Session Decisions and Membership 40 USD 1.0 million in 2010 and USD 5.4 million in 2009. Worldwide Olympic Partners 47 The following tables set forth the status of the pension plan and the amounts recognised in the statement of Report of the Auditors and Combined 48 financial position at 31 December 2010 and 2009: Financial Statements, 2009–2010 2010 2009 USD 000 USD 000 Projected benefit obligations 70 917 53 472 Fair value of plan assets (69 344) (53 252) 1 573 220 Unrecognised net losses (8 432) (5 465) Prepaid pension costs recognised in the statement of financial position (note 6) (6 859) (5 245)

75 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Movement in retirement benefit obligation (prepaid pension costs) recognised in the statement of financial position: 2010 2009 USD 000 USD 000 Year ended 31 December At beginning of year (5 245) (3 140) Total expense as above 3 565 2 954 Contribution paid (5 326) (4 870) Exchange difference (755) (189) Message from the IOC President 01 Balance at 31 December (7 761) (5 245) Shaping the Future 03 The Role and Structure of the IOC 04 The assumptions used for the calculations are the following: Ensure the Regular Celebration of the Olympic Games 06 2010 2009 Educate Youth through Sport 12 Discount rate used in determining present values 3.20% 3.20% Promote Olympism in Society 18 Annual rate of increase in future compensation levels 1.75% 1.75% Expected rate of future increases in pension benefits 0.50% 0.50% Lead and Support the Olympic Movement 26 Expected long-term rate of return on plan assets 4.50% 4.50% Maximise Performance: IOC Administration 34 An Enduring Symbol 38 The weighted average asset allocation at 31 December 2010 is: IOC Session Decisions and Membership 40 Share of Expected plan assets return rate Worldwide Olympic Partners 47 Cash 1% 1.00% Report of the Auditors and Combined 48 Equity securities 51% 6.50% Financial Statements, 2009–2010 Debt securities 25% 3.50% Real estate 8% 4.25% Others 15% 4.00%

The expected future cash ﬂows to be paid are: 2010 USD 000 2011 4 259 2012 4 262 2013 4 306 2014 4 259 2015 4 271 2016–2020 20 521 Expected contributions to post-employment beneﬁts plans for the year ending 31 December 2011 are USD 6.2 millions.

76 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

The movement in the deﬁned beneﬁt obligation is:

2010 2009 USD 000 USD 000 Present value of obligation at 1 January 53 472 43 840 Service costs 7 330 6 044 Interest costs 1 706 1 515 Beneﬁts paid (20) (3 286) Experience loss (gain) 1 550 3 580 Impact of exchange rate changes 6 879 1 779 Message from the IOC President 01 Present value of obligation at 31 December 70 917 53 472 Shaping the Future 03 The Role and Structure of the IOC 04 The movement in the fair value of plan assets is:

Ensure the Regular Celebration of the Olympic Games 06 2010 2009 Educate Youth through Sport 12 USD 000 USD 000 Promote Olympism in Society 18 Plan assets at fair value at 1 January 53 252 41 686 Employees contribution 3 090 2 824 Lead and Support the Olympic Movement 26 Employer contribution 5 326 4 870 Beneﬁts paid (20) (3 286) Maximise Performance: IOC Administration 34 Expected return on plan assets 2 390 1 852 An Enduring Symbol 38 Experience gain (loss) (1 418) 3 508 Impact of exchange rate changes 6 725 1 798 IOC Session Decisions and Membership 40 Plan assets at fair value at 31 December 69 345 53 252 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Selected pension data at 31 December of the Financial Statements, 2009–2010 last ﬁve years is as follows:

2010 2009 2008 2007 2006 USD 000 USD 000 USD 000 USD 000 USD 000 Present value of obligation 70 917 53 472 43 840 40 378 39 351 Plan assets at fair value (69 345) (53 252) (41 686) (40 286) (33 150) Deﬁcit (surplus) 1 572 220 2 154 92 6 201 Experience adjustments on plan liabilities (1 550) (3 580) 4 117 6 559 (253) Experience adjustments on plan assets (1 418) 3 508 (8 588) (1 818) (1 552)

77 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 13. IOC INTERIM REPORT 2009–2010 TELEVISION BROADCASTING RIGHTS REVENUES AND DISTRIBUTION

2010 2009 USD 000 USD 000 Olympic Games rights revenues by continent America 926 225 – Europe 232 635 – Africa 1 400 – Asia 90 006 – Oceania 29 199 – 1 279 465 – Message from the IOC President 01 Youth Olympic Games broadcasting rights revenues 1 491 – Shaping the Future 03 Total revenues from television broadcasting rights 1 280 956 – The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06 Use and distribution of revenues: Insurance premium for Games cancellation 2 648 – Educate Youth through Sport 12 Organising Committee of the XXI Olympic Winter Games 414 417 – USOC 104 550 – Promote Olympism in Society 18 Special Marketing remuneration to IFs 65 818 – Lead and Support the Olympic Movement 26 IFs 92 426 – Use and distribution of television broadcasting rights Maximise Performance: IOC Administration 34 to OCOG, USOC and IFs 679 859 – 38 Broadcasting rights reserved in designated funds: An Enduring Symbol Allocation to OS 92 426 – IOC Session Decisions and Membership 40 Broadcasting rights reserved for future distribution 100 207 – Worldwide Olympic Partners 47 192 633 – Report of the Auditors and Combined 48 Total use and distribution of television broadcasting rights 872 492 – Financial Statements, 2009–2010

14. TOP PROGRAMME MARKETING RIGHTS REVENUES AND DISTRIBUTION 2010 2009 USD 000 USD 000 Total revenues from the TOP marketing programme 247 869 125 498 Use and distribution of revenues: Organising Committees of the Games of the Olympiad and of the Olympic Winter Games 156 489 29 336 USOC 28 438 32 503 NOCs 35 471 33 333 Other programme costs 8 147 3 027 Total use and distribution of programme TOP revenues 228 545 98 199

78 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 15. IOC INTERIM REPORT 2009–2010 OTHER RIGHTS

2010 2009 USD 000 USD 000 Royalties: OCOG marketing programme 59 584 – Suppliers 1 583 1 938 Licensing 17 454 2 229 Other 1 470 3 417 Total other rights 80 091 7 584

Message from the IOC President 01 Shaping the Future 03 16. The Role and Structure of the IOC 04 OTHER REVENUES Ensure the Regular Celebration of the Olympic Games 06 Educate Youth through Sport 12 2010 2009 USD 000 USD 000 Promote Olympism in Society 18 Unilateral and Paralympic broadcasting revenues 46 596 – Lead and Support the Olympic Movement 26 Unilateral and Paralympic broadcasting costs (42 331) – Maximise Performance: IOC Administration 34 Other revenues 8 744 11 081 An Enduring Symbol 38 Total other revenues, net 13 009 11 081 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 17. Report of the Auditors and Combined 48 Financial Statements, 2009–2010 CENTRAL OPERATING AND ADMINISTRATIVE COSTS

2010 2009 USD 000 USD 000 Salaries and social charges (note 12) 65 348 59 379 Press, publications and public relations 2 347 3 094 External services 15 012 14 056 Session, commission and mission expenses 10 859 9 994 Transport, travel and residence expenses 5 975 5 218 Maintenance, supplies and other expenses 14 223 12 601 Taxes 820 388 Depreciation and amortisation 13 065 9 402 Total central operating and administrative costs 127 649 114 132

79 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 18. IOC INTERIM REPORT 2009–2010 OLYMPIC GAMES RELATED EXPENDITURE

2010 2009 USD 000 USD 000 Expenditure in relation with the XXI Olympic Winter Games Multilateral broadcasting costs 149 246 – Candidacy, Evaluation Commission and Coordination Commission costs 2 865 – Technology: ORIS project and systems homologation and testing 14 284 – IOC operations 10 829 – Subsidies to NOCs including grants for travel, equipment and athletes 18 820 – Message from the IOC President 01 IF judges and referees and other IF costs 10 324 – Contribution to anti-doping program 152 – Shaping the Future 03 Marketing Program 2 055 – 04 Insurance premium for Games cancellation 8 386 – The Role and Structure of the IOC Other costs 8 483 – Ensure the Regular Celebration of the Olympic Games 06 Total expenditures in relation with the XXI Olympic Winter Games 225 444 – Educate Youth through Sport 12 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Multilateral broadcasting costs include equipment, production and telecommunication costs incurred by Maximise Performance: IOC Administration 34 the Group to broadcast the live television and radio An Enduring Symbol 38 signals to the Olympic Winter Games: IOC Session Decisions and Membership 40 2010 2009 USD 000 USD 000 Worldwide Olympic Partners 47 Multilateral broadcasting costs: Report of the Auditors and Combined 48 Broadcast equipment and construction 52 715 – Financial Statements, 2009–2010 Depreciation of broadcasting equipment 9 517 – Salaries and social charges 37 900 Games operations workforce 14 639 – Logistics 20 390 – Production 2 204 – Telecommunications 4 521 – Administrative and other expenses 7 360 – Total broadcasting costs 149 246 –

80 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 19. IOC INTERIM REPORT 2009–2010 YOUTH OLYMPIC GAMES RELATED EXPENDITURE

2010 2009 USD 000 USD 000 Expenditure in relation with the Youth Olympic Games Broadcasting costs 7 971 – Candidacy, Evaluation Commission and Coordination Commission costs 2 967 – Technology: ORIS project and systems homologation and testing 850 – IOC operations 5 697 – Travel and accommodation costs of athletes and ofﬁcials 16 494 – IF judges and referees and other IF costs 4 915 – Message from the IOC President 01 Other costs 1 090 – Shaping the Future 03 Total expenditures in relation with the Youth Olympic Games 39 984 – The Role and Structure of the IOC 04 Ensure the Regular Celebration of the Olympic Games 06

Educate Youth through Sport 12 Promote Olympism in Society 18 Lead and Support the Olympic Movement 26 Maximise Performance: IOC Administration 34 An Enduring Symbol 38 IOC Session Decisions and Membership 40 Worldwide Olympic Partners 47 Report of the Auditors and Combined 48 Financial Statements, 2009–2010

81 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 20. IOC INTERIM REPORT 2009–2010 OLYMPIC SOLIDARITY PROGRAMME

2010 2009 USD 000 USD 000 Previous years’ programme (4 348) (2 619) Current year programme Continental Programmes 31 132 29 845 World Programme managed centrally by Olympic Solidarity Team Support Grants 2 456 1 678 Olympic Scholarships for athletes 607 6 232 Continental and Regional Games—Athletes’ Preparation 3 188 2 195 Message from the IOC President 01 Youth Olympic Games—Athletes’ Preparation 4 824 2 498 Shaping the Future 03 Technical Courses for Coaches 2 858 2 419 Olympic Scholarships for Coaches 1 874 1 702 The Role and Structure of the IOC 04 Development of National Sports Structure 1 279 1 005 06 NOC Administration Development 6 633 6 529 Ensure the Regular Celebration of the Olympic Games National Training Courses for Sports Administrators 880 806 Educate Youth through Sport 12 International Executive Training Courses in Sports Management 571 590 Promotion of Olympic Values—Special Projects – 28 Promote Olympism in Society 18 Sports Medicine 627 644 Lead and Support the Olympic Movement 26 Sports and the Environment 337 408 Women & Sport 421 259 Maximise Performance: IOC Administration 34 International Olympic Academy 362 443 Sport for All 600 343 An Enduring Symbol 38 Culture & Education 831 563 IOC Session Decisions and Membership 40 NOC Legacy 542 518 Worldwide Olympic Partners 47 28 890 28 860 Report of the Auditors and Combined 48 NOC Exchange and Regional Forums 936 832 Chef de Mission Youth Olympic Games 303 – Financial Statements, 2009–2010 1 239 832 Total current year programme 61 261 59 537

Total current and prior years’ programme costs 56 913 56 918

82 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE 21. IOC INTERIM REPORT 2009–2010 FINANCIAL INCOME, NET

2010 2009 USD 000 USD 000 Interest income 38 939 53 572 Interest expense (1 020) (1 051) Fair value gains (losses) on financial assets at fair value through profit or loss, net 10 141 14 215 Gains (losses) on sale of financial assets at fair value through profit or loss, net (2 638) 4 463 Net foreign exchange gains (losses), net (10 703) 29 847 Total financial income, net 34 719 101 046 Message from the IOC President 01 Shaping the Future 03 The Role and Structure of the IOC 04 22. Ensure the Regular Celebration of the Olympic Games 06 RELATED PARTY TRANSACTIONS Educate Youth through Sport 12 Promote Olympism in Society 18 Transactions and balances with other organisations of the President which amounted to USD 0.129 million in 2010 Lead and Support the Olympic Movement 26 Olympic Movement are disclosed elsewhere in these financial and USD 0.280 million in 2009 and which are included in Maximise Performance: IOC Administration 34 statements. The members, the President and the Executive the statement of activities under transport, travel and Board of the IOC are not remunerated by the IOC. However, residence expenses. An Enduring Symbol 38 the IOC covers all expenses related to the execution of their The executive management of the IOC are considered to be functions, in particular travel, hotel, meal expenses and a IOC Session Decisions and Membership 40 the President, the Director General, the President’s Chief of daily allowance for out-of-pocket expenses, as well as a fixed Cabinet and the Executive Director of the Olympic Games. Worldwide Olympic Partners 47 amount for their personal administrative expenses. As mentioned previously, the President is not remunerated. 48 Report of the Auditors and Combined These costs are included in session, commission and mission The salaries and short-term benefits of the other three Financial Statements, 2009–2010 expenses in the statement of activities. In addition, the IOC members of the executive management amounted to USD covers the cost of the President’s residence expenses (room 1.793 millions in 2010 and USD 1.869 millions in 2009. Their rent, living expenses, residence taxes, insurance) which post employment benefits amounted to USD 0.273 million amounted to USD 0.597 million in 2010 and USD 0.594 for 2010 and USD 0.284 million in 2009. million in 2009 as well as the same costs for the Life Honorary

23. STRATEGY MANAGING OWN FUNDS

Funds balances include designated funds which are set aside for the ﬁnancing of the Olympic Solidarity Programme and television broadcasting rights reserved for future distribution. Undesignated funds are kept for the purpose of ﬁnancing the Olympic Foundation portfolio and the Group working capital.

83 CLICK HERE TO PRINT DOCUMENT

SHAPING THE FUTURE IOC INTERIM REPORT 2009–2010

Message from the IOC President 01 International Olympic Committee, Château de Vidy, Lausanne, Shaping the Future 03 Switzerland Tel +41 (0)21 621 6111 Fax +41 (0)21 621 6216 www.olympic.org The Role and Structure of the IOC 04 ©This book may not be reproduced, even in part, in any form, Ensure the Regular Celebration of the Olympic Games 06 without the written permission of the IOC. All reproduction, translation and adaptation rights are reserved for all countries. Educate Youth through Sport 12 Designed and produced by Thomas and Trotman Design. Promote Olympism in Society 18 Photography by IOC and Getty Images®. Pages 12, 27 IOC/Mine Lead and Support the Olympic Movement 26 Kasapoglu; pages 13, 20, 28 IOC/Kishimoto; pages 17, 41, 45 IOC/ Jason Evans; page 18 IOC/Qi Heng; page 19 IOC/Richard Juilliart; Maximise Performance: IOC Administration 34 page 21 IOC/Catherine Leutenegger; page 23 IOC/Alan Lim; An Enduring Symbol 38 page 25 IOC/X. Creach; page 26 IOC/Peter Dench. IOC Session Decisions and Membership 40 Printed by Pureprint Group, a CarbonNeutral® company, accredited with Environmental Management System, ISO 14001:2004 and Worldwide Olympic Partners 47 registered with EMAS, the Eco-Management and Audit System. Report of the Auditors and Combined 48 ®All trademarks acknowledged. Financial Statements, 2009–2010 Cover: The paper is acid free and contains 20% recycled ﬁbres. Inside pages: The paper ﬁbre source is 100% post-consumer reclaimed material.