IOC Annual Report 2017 Credibility, Sustainability, Youth Cover images: Paris and Los Angeles, which were respectively awarded the Olympic Games 2024 and 2028 at the 131st IOC Session in 2017. The IOC Annual Report 2017
Credibility Sustainability Yo u t h CONTENTS
Contents
Letter from President Bach 004
Leading the Olympic Movement 006 The Olympic Movement 008 The International Olympic Committee 009 Historic Decisions Made at IOC Sessions 010 Olympic Agenda 2020 012 Olympic Solidarity 013 National Olympic Committees (NOCs) 014 International Federations (IFs) 015 Partners of the OIympic Movement 016 TOP Partners in 2017 020
002 Olympic Broadcasting 024 Sustainability 028 Governance and Ethics 031 Strengthening Our Commitment to Good Governance and Ethics 041 IOC Members 043
Celebrating the Olympic Games 050 “A Golden Opportunity”: Paris 2024 and Los Angeles 2028 052 Olympic Winter Games PyeongChang 2018 056 Olympic Games Tokyo 2020 057 Olympic Winter Games Beijing 2022 058 Candidature Process for the Olympic Winter Games 2026 059 The New Norm 060 Sustainability and the Olympic Games 061 Youth Olympic Games 062
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS
Supporting and Protecting Clean Athletes 068 Olympic Solidarity Plan 2017-2020 070 Athlete Programmes 074 Protecting Clean Athletes 078
Promoting Olympism in Society 082 Olympic Channel 084 Social Development through Sport 086 Promoting Women in Sport 096 Sport and Active Society 100 Culture and Education 102
Financial Statements 104 003 IOC Financial Statements 2017 106 Report of the Statutory Auditor to the Session 111 Combined Financial Statements 2017 112
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LETTER FROM PRESIDENT BACH CONTENTS
Letter from President Bach
The International Olympic Committee look to protect the uniqueness of the the athletes of the world by making the (IOC) aims to use the power of sport to Olympic Games and strengthen the role historic decision to simultaneously award help make the world a better and more of sport in society in an ever-more- the Olympic Games 2024 and 2028 to peaceful place – a goal that has already fragmented world. Paris and Los Angeles respectively. been acknowledged by the United Nations (UN), which highlighted sport The need for our Olympic values has These are two great cities from two great as an “important enabler” to achieve the never been greater. Now, more than countries with great Olympic histories. UN Sustainable Development Goals. ever, we need symbols of hope like Both cities are very enthusiastic about the Olympic Games to help bring the the Games and are promoting the This growing relevance of sport in society world together. Olympic spirit in a fantastic way. has been a key motivation for Olympic Agenda 2020, our roadmap for the future That is why we were so excited to ensure In a similar vein, the new Candidature of the Olympic Movement. Our activities the stability of the Olympic Games for Process for the Olympic Winter Games in pursuit of our vision had a far-reaching 004 impact in 2017, as our reforms continued to come to fruition.
In sporting terms, our implementation of Olympic Agenda 2020 reached half-time in 2017 – and looking at our performance, we can say that we played a very good first half. Our reforms have already had a profound impact on the IOC and the wider Olympic Movement: affecting how potential host cities tender for the Olympic Games, embracing sustainability in all of our activities and ensuring that our actions are guided by the principles of good governance and integrity, to give just three examples.
But we know that leading at half-time is not enough. We must continue to work as hard in the second half as we did in the first.
When we adopted Olympic Agenda 2020 in 2014, we did so with the aim of strengthening our Olympic Movement in a world that is evolving faster than ever. Today, we can see just how important that decision has been for us as we
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS LETTER FROM PRESIDENT BACH
“NOW, MORE THAN EVER, WE NEED SYMBOLS Through our Olympic Agenda 2020 reforms, we are also helping to bring the OF HOPE LIKE THE OLYMPIC GAMES TO HELP power of sport to young people all over BRING THE WORLD TOGETHER.” the world through the Olympic Channel.
THOMAS BACH IOC PRESIDENT When we celebrated the Channel’s first anniversary in 2017, it had already reached nearly one billion video views across all platforms. With 77 per cent of the Channel’s followers on social media 2026, which we approved in 2017, contribute to the UN 2030 Agenda aged under 35, it is clear that the content will provide an equally stable future by for Sustainable Development. resonates with young people – helping making the organisation of the Games to ensure the Olympic values continue more feasible and sustainable. In addition to gender equality and to resonate around the world. sustainability, we have been working But the power of sport extends to address a number of other social With all these and more activities, we 005 beyond the Olympic Games, and we development issues. Within this report, believe we are addressing the challenges continue to work in many areas where you can read about how we have been that society and sport are facing in our sport can promote integration and using sport in projects around the world fragile world. Stability is perhaps the social development. to tackle problems such as violence most valuable currency of our times. As and discrimination, as well as to benefit we have demonstrated in 2017 through In 2017, this work included the launch the more than 65 million refugees and our many long-term partnerships with of a major review project regarding internally displaced people worldwide sponsors and broadcasters, and with the gender equality in the Olympic who have been forced to flee their homes double-allocation of the Olympic Games Movement. The 25 recommendations because of war or persecution. 2024 and 2028, the Olympic Movement that resulted from this review ensure continues to be an anchor of stability. that the IOC is leading the way in raising As part of our pledge to raise awareness awareness of the importance of gender of the magnitude of this refugee crisis, The year 2017 was a year of great impact equality both on and off the field of play, we created the first Refugee Olympic for the IOC, and we can reflect on our and are another tangible outcome of Team at the Olympic Games Rio 2016. achievements with pride. We can look Olympic Agenda 2020. These athletes acted as symbols of hope forward with confidence in the role that and peace for refugees across the globe sport, the Olympic Games and the This past year has also seen the and inspired the world with the strength Olympic Movement can play in building beginning of the implementation of the of their human spirit. a brighter future. IOC’s Sustainability Strategy, which was approved by the Executive Board Continuing our efforts to help refugees in December 2016. Alongside credibility around the world, we launched the and youth, sustainability is one of the Olympic Refuge Foundation in 2017. three pillars of Olympic Agenda 2020. Working closely with UNHCR, the This new strategy outlines the role UN Refugee Agency, this new foundation that the IOC can play in addressing will create safe places where young today’s sustainability challenges, people can both play sport and develop Thomas Bach and supports our commitment to skills to help them reconstruct their lives. IOC President
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LEADING THE OLYMPIC 006 MOVEMENT
LEADING THE OLYMPIC MOVEMENT CONTENTS
The Olympic Movement
The Olympic Movement encompasses organisations, athletes and other persons who agree to be guided by the Olympic Charter. Their shared goal is to contribute to building a peaceful and better world by educating youth through sport practised in accordance with Olympism and its values.
Led by the International Olympic Committee (IOC), the main constituents of the Olympic Movement are the International Federations (IFs) and the National Olympic Committees (NOCs). The Olympic Movement also encompasses 008 the Organising Committees of the Olympic Games (OCOGs); the national associations, clubs and persons belonging to the IFs and NOCs, particularly the athletes, whose interests constitute a fundamental element of the Olympic Movement’s action; and judges, referees, coaches and the other sports officials and technicians. It also the mission, values and working principles of Olympism (see opposite), Rules and includes other organisations and showcase a vision that resonates deep Bye-laws adopted by the IOC. It governs institutions as recognised by the IOC. within the Olympic Movement, contributing the organisation, actions and functioning to its ultimate goal of building a better of the Olympic Movement and establishes The principles and values of Olympism world through sport. the conditions for the celebration of support the Olympic Movement in its the Olympic Games. mission to ensure the regular celebration Olympic Charter of the Olympic Games, place athletes In essence, the Olympic Charter serves at the heart of the Olympic Movement, Every member of the Olympic Movement three main purposes: educate youth through sport and promote is guided by the Olympic Charter – the the Olympic values in society. Together, codification of the Fundamental Principles As a basic instrument of a constitutional nature, it sets forth and recalls the Fundamental Principles and essential values of Olympism. It serves as statutes for the IOC. It defines the main reciprocal rights “OUR OLYMPIC MOVEMENT… STANDS FOR DIALOGUE and obligations of the main constituents AND UNDERSTANDING. WE STAND FOR PEACE, of the Olympic Movement – the IOC, DIVERSITY, TOLERANCE AND RESPECT.” the IFs and the NOCs – as well as the OCOGs, all of which are required to THOMAS BACH IOC PRESIDENT comply with the Olympic Charter.
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The International Olympic Committee
The International Olympic Committee FUNDAMENTAL PRINCIPLES OF OLYMPISM (IOC) is a not-for-profit independent international organisation that is committed to building a better The Olympic Charter sets out 4. The practice of sport is a human world through sport. Created on the Fundamental Principles of right. Every individual must have 23 June 1894, just under two years Olympism. These are the starting the possibility of practising sport, before the first Olympic Games points of everything that we do. without discrimination of any of the modern era in April 1896, kind and in the Olympic spirit, the IOC is the supreme authority of 1. Olympism is a philosophy of which requires mutual the Olympic Movement. life, exalting and combining in understanding with a spirit of a balanced whole the qualities friendship, solidarity and fair play. As the leader of the Olympic Movement, of body, will and mind. Blending the IOC acts as a catalyst for collaboration sport with culture and education, 5. Recognising that sport occurs between all parties of the Olympic family, Olympism seeks to create a within the framework of society, from the NOCs, the IFs, the athletes and way of life based on the joy sports organisations within 009 the OCOGs to the Worldwide Olympic of effort, the educational value the Olympic Movement shall Partners, broadcast partners and United of good example, social have the rights and obligations Nations (UN) agencies, and shepherds responsibility and respect of autonomy, which include success through a wide range of for universal fundamental freely establishing and controlling programmes and projects. On this basis, ethical principles. the rules of sport, determining it ensures the regular celebration of the the structure and governance Olympic Games, supports all affiliated 2. The goal of Olympism is to of their organisations, enjoying member organisations of the Olympic place sport at the service of the right of elections free from Movement and strongly encourages, by the harmonious development any outside influence and the appropriate means, the promotion of the of humankind, with a view to responsibility for ensuring that Olympic values. promoting a peaceful society principles of good governance concerned with the preservation be applied. The IOC is committed to strengthening of human dignity. the integrity of sport and protecting clean 6. The enjoyment of the rights athletes. The fight against doping and any 3. The Olympic Movement is the and freedoms set forth in other forms of cheating in sport on the concerted, organised, universal this Olympic Charter shall be one hand, and the strengthening of ethics and permanent action, carried secured without discrimination with improvements in transparency, good out under the supreme authority of any kind, such as race, colour, governance and accountability on the of the IOC, of all individuals and sex, sexual orientation, language, other, are top priorities for the IOC. entities who are inspired by the religion, political or other opinion, values of Olympism. It covers national or social origin, property, The IOC President presides over all the five continents. It reaches its birth or other status. of the IOC’s activities, while the IOC peak with the bringing together Session and Executive Board are of the world’s athletes at the 7. Belonging to the Olympic responsible for taking the main decisions great sports festival, the Olympic Movement requires compliance for the organisation. The IOC is entirely Games. Its symbol is five with the Olympic Charter privately funded. interlaced rings. and recognition by the IOC.
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Historic Decisions Made at IOC Sessions
130th IOC Session
On 11 July 2017, the IOC held an Extraordinary Session at the SwissTech Convention Centre in Lausanne, Switzerland, to discuss two major decisions regarding the future of the Olympic Games.
Firstly, following a proposal made by the IOC Executive Board on 9 June 2017, the IOC membership made the significant decision of agreeing in principle to simultaneously elect the host cities 010 of the Olympic Games 2024 and 2028 at the 131st IOC Session in September.
Secondly, IOC Members also approved changes to the Candidature Process for the Olympic Winter Games 2026, helping to reduce costs, simplify procedures and provide more assistance to NOCs and cities at every stage.
131st IOC Session
The 131st IOC Session was held on 13-15 September 2017 in Lima, Peru. The highlight was the confirmation of the IOC’s historic decision to simultaneously award the Olympic Games 2024 to Paris and 2028 to Los Angeles.
THOMAS BACH WITH ANNE HIDALGO (L) AND ERIC GARCETTI (R), MAYORS OF PARIS AND LA
“THIS IS A GREAT DAY FOR THE OLYMPIC GAMES AND THE OLYMPIC MOVEMENT, AND IT’S A GREAT DAY FOR THESE TWO WONDERFUL CITIES – THESE TWO GREAT OLYMPIC CITIES.”
THOMAS BACH IOC PRESIDENT
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Other points on the agenda included from the President of the World Anti- Hanqin Xue, Judge at the International reports from the existing OCOGs in Doping Agency (WADA), Sir Craig Reedie. Court of Justice from the People’s PyeongChang, Tokyo and Beijing, which Republic of China; and IOC Members reported that their preparations were Following a proposal by the IOC Robin Mitchell and Angela Ruggiero. on track to deliver outstanding Olympic Executive Board in July 2017, the Session Games, as well as a report on the elected former UN Secretary-General Another important decision made by the future of the Youth Olympic Games. The Ban Ki-moon to head the IOC’s Ethics Session was the launch of the Olympic Session also received an update on the Commission. Four commission members Refuge Foundation, aimed at pursuing status of the work performed by the two were also re-elected or elected for the work undertaken throughout the Disciplinary Commissions – the Oswald four-year terms: Samuel Schmid, former Olympic Movement over recent years and Schmid Commissions – as well as President of the Swiss Confederation; to support refugees around the world.
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PARIS (L) AND LOS ANGELES (R), WHICH WERE AWARDED THE 2024 AND 2028 GAMES RESPECTIVELY
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LEADING THE OLYMPIC MOVEMENT CONTENTS
Olympic Agenda 2020
Olympic Agenda 2020 is the strategic The launch of the Dialogue Stage The implementation of the roadmap for the future of the Olympic for cities considering a candidature Sustainability Strategy. Movement. It is made up of 40 for the Olympic Winter Games 2026. The staging of the second recommendations designed to protect A new approach for the 2024 International Forum for Sports the uniqueness of the Olympic Games, evaluation process and report, Integrity at The Olympic Museum place the athletes at the heart of the leading to the double attribution for in Lausanne, an occasion that saw Olympic Movement, keep Olympism the Olympic Games 2024 and 2028. the launch of the International alive 365 days a year, and much more. The development of the Legacy Partnership Against Corruption in Strategic Approach, which covers Sport (IPACS). Since the adoption of Olympic Agenda the various ways in which the IOC A new set of NOC marketing seminars. 2020 in December 2014, these intends to further encourage, support, recommendations have had a far- monitor and promote legacy in All the constituents and stakeholders reaching impact on the Olympic partnership with its stakeholders. of the Olympic Movement have been Movement, with 2017 marking the The launch of The New Norm, regularly informed of, consulted about 012 halfway point in their implementation. a programme that identifies ways and involved in the implementation of to further reduce the cost and Olympic Agenda 2020, and have been For each of the 40 recommendations, complexity of hosting the Games. an integral part of these achievements. the IOC has developed a yearly action plan that includes the expected deliverables, quarterly actions needed for delivery, the names of those in charge, and the impacts on the IOC administration in terms of finance and other resources.
Among the key successes in 2017 were:
The approval of the events programme for the Olympic Games Tokyo 2020, with new events to make the programme more youthful, urban and gender-balanced. The development of the Olympic Channel, including the launch of several linear channels. The development of Sport Delivery Plans for the Olympic Games Tokyo 2020 and the Olympic Winter Games Beijing 2022. The development and launch of Athlete365, a new athlete engagement strategy under the leadership of the Athletes’ Commission.
PRESIDENT BACH (CENTRE) WITH FELLOW PARTICIPANTS IN THE INTERNATIONAL PARTNERSHIP AGAINST CORRUPTION IN SPORT (IPACS)
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Olympic Solidarity
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THAILAND HOSTED A TECHNICAL COURSE FOR COACHES IN TENNIS DURING 2017
Olympic Solidarity manages the share NOC management and the supports the participation of all athletes of the broadcast rights from the Olympic promotion of the Olympic values; and officials at the Games and also Games that belongs to the NOCs and Continental Programmes, designed enables promising young athletes to redistributes these funds through to meet the specific needs of each compete at the Youth Olympic Games programmes offered to all NOCs that continent; and (YOG). Recognising the diversity of the are recognised by the IOC. Working Subsidies for Participation in Olympic Movement, Olympic Solidarity in particular with the most disadvantaged Olympic Games, which offer financial offers NOCs flexibility in how they use NOCs and their Continental Associations, support to NOCs before, during their funds in order to better meet their Olympic Solidarity uses these funds and after the Games. individual needs. to develop a range of assistance initiatives, including: By supporting more and more athletes The latest Olympic Solidarity Plan, from all the NOCs, Olympic Solidarity setting out the aims and objectives World Programmes, which cover makes the promise of universality of the for the next four years, was launched in all areas of sports development, Olympic Games a reality. Through its 2017. Further information can be found focusing on athletes, coaches, many programmes, Olympic Solidarity on pages 70-73.
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National Olympic Committees (NOCs)
There are 206 NOCs, representing every NOC Olympic Games preparation Olympic Day 2017 corner of the world, and their mission is to develop, promote and protect the Olympic During 2017, the IOC revamped the Held each year on or around 23 June, Movement in their respective countries. NOC Olympic Games preparation project Olympic Day is an annual opportunity The NOCs are committed to the in collaboration with Olympic Solidarity, for the world to get active, learn about development of athletes and sport at all moving from a one-size-fits-all method Olympic values and discover new sports. levels, and are also responsible for to a more tailored approach that will Supported by the IOC, NOCs throughout organising their countries’ participation in focus on each NOC’s needs. Previously, the world organise a variety of sporting, the Olympic Games. To help them achieve Olympic Solidarity forums focusing on cultural and educational activities based these goals, the IOC offers support to Games preparation began one year around three pillars – “move”, “learn” NOCs in a variety of ways, including before each edition of the Games. As and “discover” – which aim to engage funding through Olympic Solidarity and of 2017, these forums begin two years everybody, regardless of age, gender, a wide range of operational services. before the Games. social background or sporting ability.
014 In 2017, IOC services provided to NOCs Workshops focusing on service levels for In 2017, Olympic Day was celebrated were largely focused on preparations for the Olympic Games Tokyo 2020 began in by more than 140 NOCs around the the Olympic Winter Games PyeongChang 2017, with NOC representatives world with events and activities 2018 and, in particular, ensuring that collaborating with the IOC and the Tokyo featuring an estimated six million service levels provided by the OCOG met 2020 functional areas. The IOC also set up people. Further details can be found the NOCs’ needs. To ensure stakeholders an online platform dedicated to NOC on page 100. had a voice in the Games preparation Games preparation, in which NOCs can process, the IOC also invited a cross- retrieve all IOC information related to their IOC Trophy 2017: Sport Beyond Borders section of NOCs to participate in reviews participation in the Olympic Games and in the lead-up to the Games. share best practices. Since 1985, the IOC has awarded an annual trophy with a different topical theme, chosen by the IOC President. This trophy is made available to each NOC, which is responsible for identifying and selecting the trophy recipient in its own country.
The theme for the 2017 edition of the IOC Trophy was “Sport Beyond Borders”. It offered NOCs a chance to promote sport’s capacity to push back geographical and social borders, and its ability to raise awareness, influence social integration policies and demonstrate the merits of diversity within communities. Approximately 40 NOCs awarded this trophy to an individual or an organisation that embodies this theme. CONTENTS LEADING THE OLYMPIC MOVEMENT
International Federations (IFs)
The IFs govern each sport on the Olympic programme and oversee the promotion and development of these WORKING WITH OLYMPIC MOVEMENT STAKEHOLDERS sports around the world. They have the responsibility and duty to manage and monitor the everyday running of the 6th Olympic Summit Cooperating with other world’s various sports disciplines, sports event organisers including the practical organisation of Following the invitation of the major international competitions and of IOC, the leading representatives In response to Recommendation events during the Games for those sports of the Olympic Movement met in 6 of Olympic Agenda 2020 on the Olympic programme. As well as Lausanne in October for the 6th (“Cooperate closely with other supervising the development of athletes Olympic Summit. They discussed sports event organisers”), the IOC practising these sports at every level, the a number of topics that are was in regular communication IFs also monitor and ensure respect for important to the future of the with Recognised Organisations the rules of fair play. Olympic Movement. The main throughout 2017 and sent 015 areas under discussion were: representatives to attend various New partnership with the GAISF major multi-sport events during Olympic Winter Games the course of the year, including: In November 2017, the IOC and the PyeongChang 2018 Global Association of International Protection of clean athletes: the 28th Winter Universiade Sports Federations (GAISF) signed a Targeted pre-Games testing in Almaty, Kazakhstan; groundbreaking Memorandum of Schmid/Oswald the 29th Summer Understanding (MoU), intended to Commissions Universiade in Taipei; further strengthen an already important Founding of the the 2017 World Games in partnership with the IFs. International Testing Wroclaw, Poland (pictured); Agency (ITA) and Signed by IOC President Thomas Bach The development the 2017 World Masters and GAISF President Patrick Baumann, of “eSports” Games in Auckland, the MoU is a result of Recommendation 13 Athlete representation New Zealand. of Olympic Agenda 2020, which calls on the IOC to “Maximise synergies with Olympic Movement stakeholders”. It provides a stable and sustainable framework for strengthened cooperation between the organisations, with clarity on the roles and responsibilities of both bodies in relation to IF support and the organisation of multi-sport events. It will also enable both organisations to better serve IFs by aligning the work of the GAISF and its members with the overarching objectives of the Olympic Movement.
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Partners of the Olympic Movement
An entirely privately funded organisation, This long-term partnership will help Olympic Partner through to 2024. This the IOC operates several major support the IOC and the Olympic new partnership will see Intel integrate marketing programmes, including the Movement achieve its Olympic Agenda its innovative technologies to advance sale of broadcast rights and The Olympic 2020 vision in a new digital era, and the Olympic experience for fans around Partner (TOP) programme, to attract saw Alibaba become the first Chinese the world, primarily through its 5G commercial partners. The support of company to commit to the Olympic platforms, virtual reality (VR), 3D and these partners is crucial to the continued Winter Games Beijing 2022. Through 360 content development platforms, as success of the Olympic Games and the this partnership, Alibaba’s contributions well as through its artificial intelligence operations of every organisation within to the Olympic Movement will include: (AI) platforms and drones. the Olympic Movement. best-in-class cloud computing Working with the IOC, Intel’s contributions The IOC distributes over 90 per cent of infrastructure and cloud services to the Olympic Movement will include its income to the Olympic Movement – to help the Olympic Games operate technology developments that will be which means that every day, the IOC more efficiently, effectively and rolled out as the multi-year partnership 016 provides the equivalent of USD 3.4 securely, including supporting big evolves. For example: million to help athletes and sports data analytics requirements; organisations around the world. the creation of a global e-commerce Intel will provide technological and platform for Olympic stakeholders to content support for Olympic The IOC’s marketing programmes engage and connect with fans Broadcasting Services’ (OBS) host continued their strong progression in seeking official Olympic licensed broadcaster operations and for the 2017, with the signing of two new products manufactured by the Olympic Channel, the multi-platform long-term Worldwide Olympic Partners, Olympic parties’ official licensees, destination where fans can discover, the long-term extension of an existing and selected sports products, on a engage and share in the power of partnership and the finalisation of new worldwide basis; and sport and the excitement of the broadcast agreements. These leveraging Alibaba’s leading digital Olympic Games all year round. commercial partnerships help to ensure media technologies and know-how to Intel’s 5G platforms will be used at the the long-term financial stability of the develop and customise the Olympic Games to demonstrate how 5G will Olympic Movement and support the Channel for Chinese audiences. transform communications over the IOC’s implementation of Olympic next decade. Starting in 2018, Intel will Agenda 2020. In June 2017, the IOC announced partner on what is expected to be the another new long-term agreement, first 5G showcase, setting the stage New partnerships announced with Intel becoming a Worldwide for the global deployment of 5G.
In January 2017, the IOC announced a breakthrough partnership with the Alibaba Group through to 2028. Through the TOP worldwide “THE IOC’S SPONSORSHIP STRATEGY IS AIMED AT sponsorship programme, Alibaba DELIVERING LONG-TERM PARTNERSHIPS THAT HELP became the official Cloud Services THE OLYMPIC MOVEMENT ACHIEVE THE OBJECTIVES and E-Commerce Platform Services SET OUT IN OLYMPIC AGENDA 2020.” Partner, as well as a Founding Partner of the Olympic Channel. TIMO LUMME MANAGING DIRECTOR, IOC TELEVISION & MARKETING SERVICES
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Intel True VR will offer the first live VR be able to experience what it’s like OMEGA becoming the first Worldwide broadcasts of the Olympic Winter to have a front-row seat at the Games, Olympic Partner to commit to the Games, giving fans a more immersive or can choose from many different Olympic Movement through to 2032. experience in their own homes. viewing points in Olympic venues. This landmark date marks 100 years Intel drone light show technology The power to choose what they since the start of OMEGA’s relationship will create never-seen-before images want to see and how they want to with the Games, which dates back to in the sky. experience the Games will be in the the Olympic Games Los Angeles 1932. Intel 360 Replay Technology will hands of the fans. The partnership will see OMEGA continue allow fans to experience the greatest, its commitment to provide the cutting- most memorable Olympic moments In May 2017, the IOC announced edge timing, scoring and in-venue results from every angle at Olympic venues. a long-term extension to its global systems and equipment that are critical In the future, TV viewers at home will partnership, with official timekeeper for the success of the Olympic Games.
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“ALIBABA’S PARTNERSHIP WITH THE IOC IS BUILT ON A FOUNDATION OF SHARED VALUES AND A COMMON VISION FOR CONNECTING THE WORLD AND ENRICHING PEOPLE’S LIVES. WE ARE PROUD TO SUPPORT OLYMPIC AGENDA 2020, USING OUR INNOVATIONS AND TECHNOLOGIES TO HELP EVOLVE THE OLYMPIC GAMES FOR THE DIGITAL ERA.”
JACK MA FOUNDER AND EXECUTIVE CHAIRMAN, ALIBABA GROUP
“WE ARE EXCITED TO JOIN THE OLYMPIC 018 MOVEMENT AND INTEGRATE INTEL’S INNOVATIVE TECHNOLOGIES TO ADVANCE THE OLYMPIC EXPERIENCE FOR FANS AROUND THE WORLD. THROUGH THIS CLOSE COLLABORATION WITH THE OLYMPIC FAMILY, WE WILL ACCELERATE THE ADOPTION OF TECHNOLOGY FOR THE FUTURE OF SPORTS ON THE WORLD’S LARGEST ATHLETIC STAGE.”
AICHA EVANS CHIEF STRATEGY OFFICER, INTEL
“THE OLYMPIC GAMES IS ONE OF THE MOST EMOTIONALLY-STIRRING EVENTS IN THE WORLD. WE AT OMEGA ARE HONOURED THAT SINCE 1932, WE HAVE BEEN PART OF CREATING THIS EMOTION – AND WE ARE HAPPY AND PROUD TO CONTINUE THIS TRADITION UNTIL 2032, WHICH WILL MARK 100 YEARS OF PARTNERSHIP BETWEEN OMEGA AND THE OLYMPIC GAMES.”
NICK HAYEK CEO, SWATCH GROUP
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VITAL REVENUE FOR THE OLYMPIC MOVEMENT
Following the financial success of the 2013-2016 Olympiad, which saw the IOC’s total revenues grow 7.6 per cent to USD 5.7 billion, 2017 marked the start of a new Olympiad.
The continued growth of the IOC’s broadcast and sponsorship partnerships is again providing 019 sustainable revenue streams to ensure the independent financial stability of the Olympic Movement. Throughout 2017, the entire In total, the IOC redistributes 90 These partnerships continue Olympic Movement benefited per cent of its revenues to the to support the IOC’s objectives from the IOC’s successful wider sporting movement to help of promoting the worldwide commercial partnerships. The IOC athletes and sports organisations development of sport, supporting redistributed revenue to support at all levels. Only 10 per cent is the staging of the Games and NOCs, IFs, Olympic Solidarity and spent on the operational and assisting in the global promotion other sports organisations around administrative costs of governing of the Olympic Movement. the world. the Olympic Movement.
$3.4m 90% 7.6% $5.7bn 8.1% 5.6% The equivalent The proportion The increase The IOC’s The increase The increase sum distributed of its revenues in the IOC’s total revenue in television in TOP by the IOC every that the IOC total revenues for the 2013-2016 broadcast rights programme day to the wider distributes to the from Olympiad, up from revenues from revenues from sporting movement wider sporting 2009-2012 $5.2bn during 2009-2012 2009-2012 around the world movement to 2013-2016 2009-2012 to 2013-2016 to 2013-2016
* Financial figures are in US dollars (USD)
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TOP Partners in 2017
With the Olympic Winter Games PyeongChang 2018 on the horizon, the Worldwide Olympic Partners largely focused their 2017 activities on Games-time preparations, from supporting the operations of the PyeongChang 2018 Organising Committee to launching innovative global marketing campaigns. In addition, many Partners continued to show their support for the IOC’s Olympic Agenda 2020 goals through programmes focused on sustainability, athlete support and young people.
Throughout 2017, Atos focused on able to create cost savings building and testing the complex and efficiencies while also IT systems and solutions that maximising performance. would be used during the OIympic Winter Games PyeongChang 2018. In total, it completed over 100,000 020 hours of rigorous tests with other technology partners to ensure all systems could run efficiently during the Games, when – for the first time – it would be remotely managing and hosting all Games-critical IT applications 100 per cent in the cloud. As part of its commitment to In addition, Coca-Cola played a By moving applications to the help PyeongChang deliver an key role in building excitement cloud and reducing the reliance eco-friendly Olympic Winter Games ahead of the Olympic Winter on physical servers, Atos was in 2018, Coca-Cola launched its Games PyeongChang 2018 Collaborative Water Resource as a Presenting Partner of the Management Project in April 2017. Olympic Torch Relay, which In partnership with the World Wide began in Greece on 24 October Fund for Nature (WWF), the 2017. Participating in its PyeongChang 2018 Organising 12th Olympic Torch Relay, After debuting as a TOP Partner at Committee, the Gangwon Provincial Coca-Cola launched a torchbearer the Olympic Games Rio 2016 with Government, the Korea National recruitment campaign within activations in Brazil, Japan, the Park Service and EcoGreen the Republic of Korea before Republic of Korea and the United Campus, the initiative planned accompanying the torch on its States, Bridgestone received to provide a sustainable clean 101-day journey across the host full worldwide marketing rights water environment for the country, with the Coca-Cola on 1 January 2017. Bridgestone Games. In the long term, the caravan and sampling vehicles subsequently launched a global project will also help improve helping to engage the public Olympic campaign entitled biodiversity and protect the local ahead of the Games. Chase Your Dream, which saw habitat by building sustainable the company working across its water resources. regions to bring the Olympic spirit
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to life in ways that empower In addition, Bridgestone continued people to overcome adversity and its support of the Olympic Channel persevere in pursuit of their goals. in 2017, after becoming the Channel’s The company’s Team Bridgestone first Founding Partner in 2016. As During 2017, GE developed a athlete ambassadors became the part of its partnership, Bridgestone new analytics tool – the Athlete primary voices for these efforts, serves as a presenting partner of Management Solution (AMS) – with more than 50 athletes across several original series, including that would be implemented at 10 countries serving as the face Against All Odds, On the Record, the Olympic Winter Games of Bridgestone activities. Day Jobs and Strangest Moments. PyeongChang 2018. Designed in partnership with the IOC, the tool was created to provide clinicians with information to help them predict injury and illness and personalise treatment for the 2,900 athletes at the Games. 021 The insights also aim to inform As part of its preparations for long-term improvements to health PyeongChang 2018, OMEGA and safety at the Olympic Games, developed a new wave of part of the IOC strategy to develop technology aimed at transforming and implement effective prevention sports timekeeping. Through strategies to minimise the risk advanced motion sensor and for athletes at all levels and in positioning systems, OMEGA all competitions. planned to provide continuous measurements from the start to the finish of events, meaning that athletes can gain an immediate understanding of where they gained or lost time, or where they won or lost points. From the live In September, the IOC announced will form an important element of speed of a single Alpine skier to that Dow had become the the IOC’s Sustainability Strategy, the formations of an entire ice Official Carbon Partner of the IOC. which includes a carbon neutrality hockey team, the information In line with Olympic Agenda 2020, objective. This involves reducing provided by OMEGA has been the partnership will deliver an the IOC’s carbon emissions where designed to add a brand new innovative global carbon mitigation feasible, while unavoidable dimension to every performance. programme to compensate carbon emissions will be compensated This information would allow emissions from the IOC’s daily through the new IOC Dow carbon fans in venues and those watching operations, as well as other mitigation partnership. (Pictured: at home to have a far greater projects to be identified within the Louis A Vega, Vice-President of understanding of each sport Olympic Movement. The initiative Olympic & Sports Solutions.) as it happened.
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In June 2017, Panasonic became known as Young Ambassadors) Samsung was one of the three a festive atmosphere in the the first Worldwide Olympic Partner at the Youth Olympic Games (YOG). Presenting Partners of the Olympic run-up to the Games. to provide additional support to the As part of the agreement, Panasonic Torch Relay for the Olympic Young Change-Makers+ (YCM+) will provide additional funding to be Winter Games PyeongChang 2018, Through its Do What You Can’t programme, which provides funding used as project grants, as well as and selected 1,500 torchbearers campaign, Samsung also helped for grass-roots sports projects Panasonic camera equipment that through a nominations campaign build excitement and promote established by former Young will be used to capture the progress in 2017. Beginning in November the Olympic values ahead of Change-Makers (previously of the diverse range of projects. 2017, Samsung conducted a PyeongChang 2018 by sharing variety of marketing activities people’s inspirational and throughout the 101-day Torch extraordinary stories to illustrate Relay, actively engaging with local the idea of overcoming obstacles 022 communities and helping to create in order to achieve their goals.
In November 2017, as part of its in more than 20 markets, including by providing expertise on various build-up to the Olympic Winter the United States, Germany, China, marketing-related matters. Games PyeongChang 2018, P&G Canada, Japan and the Republic of During the 2017 seminars, launched Love Over Bias, the latest Korea, and comprised TV and digital P&G experts in sales helped NOCs iteration of its award-winning Thank content, in-store displays, public structure their partnership sales You, Mom campaign. Highlighting relations and social media. approach from research to struggles with prejudices that real negotiation. P&G also took NOCs athletes have encountered, and As part of the third edition of through the latest trends in digital detailing how their mothers supported Olympic Marketing Seminars, media and discussed how their them, Love Over Bias was activated P&G continued to support NOCs online presence can be amplified.
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In October 2017, Toyota launched As a Founding Partner of the build-up to the Olympic Winter OLYMPIC Start Your Impossible, a global Olympic Channel, Toyota also Games PyeongChang 2018, MARKETING corporate campaign that links its supported the development of the the series highlighted inspiring SEMINARS Olympic partnership to the original series Impossible performances from previous company’s commitment to provide Moments. Launched in the Winter Games. freedom of mobility for all. In Created to help meet addition to a Mobility for All Recommendation 35 of campaign film featuring 16 Olympic Agenda 2020 athletes, the launch included the (“Foster TOP sponsors’ first-ever Toyota Mobility Summit. engagement with NOCs”), Held in Athens, Greece, the summit the Olympic Marketing featured discussions with Seminars are designed 023 Olympians and Paralympians, and to provide NOCs with covered topics of mobility from greater Olympic marketing social, physical well-being and knowledge and the sports perspectives, as well as the capability to maximise future of mobility via technology sponsor engagement advancements and research. and activations. Previous topics have included brand-building basics, digital awareness and sales fundamentals.
In the run-up to the Olympic Winter countries as part of its Team Visa achieve their goals, both on and off The first two editions Games PyeongChang 2018, Visa initiative. The programme aims the field of play, offering financial of the seminars have supported more than 50 Olympic to provide athletes with the tools, support, financial literacy training been a great success and Paralympic athletes from 21 resources and support they need to and valuable marketing exposure. with NOCs: following the 2015/2016 seminars, In its role as the exclusive Payment when 166 NOCs took Partner of the Olympic Games, Visa part, IOC Television also launched three new wearable and Marketing Services payment devices ahead of the (TMS), Olympic Solidarity Olympic Winter Games PyeongChang and the Association 2018. The NFC-enabled payment of National Olympic gloves, commemorative stickers Committees (ANOC) saw and Olympic pins were made 172 NOCs take part in the available for purchase in the second edition of the Republic of Korea, helping to seminars during 2017. engage consumers in the Games.
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Olympic Broadcasting
The IOC is the owner of the global broadcast partners embraced digital New broadcast agreements broadcast rights for television, radio, coverage in their planning like never mobile and internet platforms for the before, reaching out to new and younger In July 2017, the IOC awarded exclusive Olympic Games. It is responsible for audiences by making extensive coverage broadcast rights to DStv SuperSport, negotiating Olympic broadcast rights available on their official websites, apps Econet Media and the South African agreements with media companies and social media channels. Broadcasting Corporation (SABC) throughout the world, ensuring the Games for the Olympic Winter Games are available to the highest number of During 2017, the IOC also worked to PyeongChang 2018, the Olympic people and have the widest possible secure widespread global engagement Games Tokyo 2020, the Olympic global audience. These agreements have for future editions of the Olympic Winter Games Beijing 2022 and the been a significant source of revenue for Games by negotiating new broadcast Olympic Games Paris 2024 following the Olympic Movement for more than agreements in various territories. a competitive tender in the region. 30 years, and have been essential in the growth of the global popularity of the As well as ensuring the widest The agreement saw DStv SuperSport 024 Olympic Games and the worldwide possible audience for the Games, acquire pay TV media rights in South promotion of the Olympic values. these broadcast partnerships continue Africa and Sub-Saharan Africa*, Econet to be the greatest source of revenue Media acquire free-to-air and pay TV All Olympic broadcast programming is for the Olympic Movement and a vital media rights in Sub-Saharan Africa*, generated by Olympic Broadcasting tool in communicating the Olympic and SABC acquire free-to-air media Services (OBS), which captures the values around the world. rights in South Africa. broadcast signal from each Olympic venue and delivers it to the Olympic broadcast partners to air over various media platforms throughout the world. The IOC established OBS in 2001 to serve as the permanent host broadcaster for the Olympic Games, eliminating the need to continually rebuild the broadcast operation for each edition of the Games and thus significantly reducing the associated costs for OCOGs.
In 2017, the IOC’s 27 Rights-Holding Broadcasters (RHBs) were in the final stages of their preparations for sharing the Olympic Winter Games PyeongChang 2018 with audiences around the world. By the end of the year, linear and digital broadcast plans had been put in place to ensure that there was more coverage available than any previous Olympic Winter Games. In particular, the Olympic
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The Econet Media and SABC agreements Olympic Games Tokyo 2020; and The meeting offered OBS the chance to each include a commitment to broadcast selected IMG as the international in-flight reiterate its approach to improving and at least 200 hours of live/same-day and in-ship rights holder for the Olympic expanding its content and distribution coverage of each edition of the Olympic Winter Games PyeongChang 2018 and offering in order to meet RHBs’ specific Games, and daily highlights of the the Olympic Games Tokyo 2020. needs – not only for linear broadcast, Olympic Winter Games, on free-to-air but also in the digital arena. television. DStv SuperSport and Econet * Territories in Sub-Saharan Africa include Media also agreed to work with the IOC Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Broadcast Training Programme to support the development of the Comoros, Congo, Côte d’Ivoire, Democratic Olympic Channel, including localised Republic of the Congo, Equatorial Guinea, April 2017 saw the launch of the content production and linear distribution Eritrea, Ethiopia, Gabon, Gambia, Ghana, online application platform for the OBS across the region. Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Broadcast Training Programme (BTP) for Madagascar, Malawi, Mali, Mauritius, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and the Olympic Winter Games PyeongChang In December 2017, the IOC also Príncipe, Senegal, Seychelles, Sierra Leone, South 2018. Since its debut in 1984, the BTP announced that América Móvil, through Africa, Swaziland, United Republic of Tanzania, has provided a human legacy from 025 Togo, Uganda, Zambia and Zimbabwe. its subsidiary AMX Contenido, S.A. de each edition of the Olympic Games C.V. (AMCO), had been awarded the by preparing the next generation of broadcast rights in 17 territories across OBS in 2017 broadcast professionals. Latin America for the Olympic Games from 2018 through to 2024, as well as the During 2017, OBS intensified its planning All 950 training positions were filled in Youth Olympic Games (YOG) during the for the Olympic Winter Games less than three hours – a record time same period. América Móvil, which has PyeongChang 2018, while also working for the BTP. The programme provided been the IOC’s broadcast partner in the towards future editions of the Games Korean students from 12 partner region since 2014, acquired: by liaising with RHBs, IFs and Candidate universities with the opportunity to Cities to ensure the continued success work in a variety of paid positions within exclusive digital broadcast and pay of Olympic broadcast operations. OBS’s Games-time operations. TV rights in Argentina, Bolivia, Chile, Colombia, Ecuador, Paraguay, World Broadcaster Meeting Successful applicants were invited Peru, Uruguay and Venezuela; to take part in specialised training exclusive digital broadcast and In February 2017, OBS gathered the workshops in Seoul in May and June non-exclusive pay TV rights in Costa RHBs in PyeongChang for the 2017 2017, at which 23 broadcast instructors Rica, the Dominican Republic, El World Broadcaster Meeting (WBM). introduced the students to various Salvador, Guatemala, Honduras, During the four-day event, RHBs were aspects of Olympic broadcasting. Mexico, Nicaragua and Panama; and invited for the first time to tour the Overall, more than 560 hours of non-exclusive digital and pay TV rights International Broadcast Centre (IBC), broadcast training were provided in six for the YOG in all the above countries. while learning more about the operational different areas – archives, commentary, plans for the Olympic Winter Games broadcaster support, Olympic Channel Also in 2017, the IOC announced an PyeongChang 2018 and the innovations news, support service and logistics, agreement with the Cuban Institute that would be introduced for them. and utility camera and audio – to more of Radio and Television (ICRT) on Cuban than 900 students. After the intensive broadcast rights for the Olympic Winter The WBM included tours of Olympic training, 694 applicants were hired to Games PyeongChang 2018 and the competition and non-competition venues. work at Games time.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LEADING THE OLYMPIC MOVEMENT CONTENTS
World Broadcaster Briefing for Technology workshops 2026 Interested City workshops the Olympic Games Tokyo 2020 In November 2017, OBS hosted a During 2017, OBS participated in As part of its planning for the Olympic technology workshop designed to improve various workshops and technical Games Tokyo 2020, OBS welcomed the various OBS facilities and services meetings with cities interested in the RHBs to the 2017 OBS World offered to the RHBs for future Games, hosting the Olympic Winter Games Broadcaster Briefing (WBB) in the while also ensuring even closer 2026, providing technical and Japanese host city on 9-12 July 2017. cooperation with the individual broadcast operational details regarding the During the WBB, the RHBs were invited organisations. The first workshop included host broadcast operations for the for the first time to visit existing venues 13 RHBs, with 26 attendees on-site and Games to assist each city with their and construction sites, while learning four attending by videoconference. potential candidatures. more about the plans that are being developed for the Games. Held in close cooperation with the Tokyo 2020 026 Organising Committee, the WBB was an important milestone in the preparations for the broadcast of the Games.
First visit to Beijing for the Olympic Winter Games 2022
Executive personnel from OBS’s Planning, Production, Technology, Engineering and Finance Departments concluded their first visit to Beijing in March 2017. OBS’s primary purpose for this three-day visit was to engage in initial discussions with the Organising Committee regarding requirements for the broadcast operation.
OBS introduced the Organising Committee to its different departments and discussed the direction of Games preparations. Topics included the structure of cooperation and different timelines, as well as key areas such as venue planning, financial and tax- related matters, human resources, the BTP, sustainability, and the global promotion of the Games through the Olympic Channel. CONTENTS LEADING THE OLYMPIC MOVEMENT
IF workshops
OBS held workshops and meetings MORE WITH LESS: INCREASING THE with 15 IFs during 2017 to discuss SUSTAINABILITY OF OLYMPIC BROADCASTING competition schedules, formats and production concepts for events during both the Olympic Winter Games With Olympic Agenda 2020 from the IBC in Rio, resulting in PyeongChang 2018 and the Olympic placing an even greater emphasis a waste reduction equivalent Games Tokyo 2020. on sustainability within the to almost 3,000 truckloads. Olympic Movement, OBS has To make OBS operations more These meetings enabled OBS to develop adopted a “more with less” efficient from Games to Games, and evolve its own coverage plans, philosophy and implemented a these pre-fabricated panels were while ensuring it successfully captures number of initiatives to increase specially developed to be used the drama and excitement of each the sustainability of Olympic for at least two editions of the Olympic sport for audiences around broadcast operations. Games. When the panels’ life 027 the world. cycle ends, the materials will Many of these initiatives could be be fully recyclable – a major ISO certifications seen during 2017 as preparations sustainable improvement continued for the Olympic Winter compared to previous methods. OBS and Olympic Channel Services Games PyeongChang 2018. (OCS) achieved two environmental In particular, operational ISO certificates in November 2017, optimisation of the International acknowledging their contributions Broadcast Centre (IBC) had a to a more sustainable workplace: significant impact. While the the ISO 50001 certification for original plans called for two Energy Management Systems and floors, OBS limited the IBC to a the ISO 14001 certification for single floor and further lessened 50% Environmental Management. its height, thereby reducing the Of cabling reused from Rio 2016 total required construction. The ISO 50001 certification acknowledges OBS and OCS’s Optimisation also led to a 30 3,000 strategic and systematic approach per cent reduction in the total Truckloads of waste saved by reusing to energy efficiency, while the ISO footprint of the main electrical modular construction panels from 14001 certification acknowledges the switchgear of the building the Rio 2016 IBC organisations’ compliance with most compared to previous Olympic environmental requirements and the Winter Games. In addition, more integration of environmental management than 50 per cent of the cable 30% practices into their operations. recovered from the Olympic Reduction in the total electrical The certifications are proof of OBS and Games Rio 2016 was reused, footprint of the PyeongChang 2018 OCS’s commitment to the environment while OBS also reused the IBC compared to Rio 2016 and their dedication to promoting the modular construction panels best management of resources.
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Sustainability
Sustainability is one of the three pillars of Olympic Agenda 2020, which places great Infrastructure and natural sites Mobility emphasis on incorporating sustainability in The development and operation Of both people and goods all aspects of the Games and encourages of indoor and outdoor sites associated with the Olympic Olympic Movement stakeholders to include wherever sports activities Movement’s activities, at local sustainability in their daily operations. In line take place including support and global scales. with these recommendations, the IOC and administrative infrastructure. developed a Sustainability Strategy, which Workforce was approved by the Executive Board in Sourcing and Working conditions and December 2016 and published in full in resource management opportunities offered to employ- 2017. The strategy is framed around the The sourcing of products and ees, volunteers and contractors IOC’s three spheres of responsibility – as services by organisations within of the Olympic Movement. an organisation, the owner of the Olympic the Olympic Movement, and the Games and the leader of the Olympic management of material Climate 028 Movement – and on five focus areas: resources over their lifecycles. Managing direct and indirect greenhouse gas emissions, and adapting to the conse- quences of climate change.
In 2017, significant progress was made across all three spheres of responsibility.
The IOC as an organisation
The IOC is striving to include sustainability in its day-to-day operations. To achieve this goal, it took several actions in 2017:
Developing a four-phase (2017-2020) waste plan to achieve a measurable reduction in waste quantities. Implementation of the initial phase started in 2017 with a focus on the reduction of plastic packaging, including the removal of single-use plastic takeaway containers and PET plastic bottles from the IOC offices. Launching a collaboration agreement between the IOC and Dow, a Worldwide Olympic Partner, regarding the development and implementation of a global carbon mitigation initiative.
THE FUTURE OLYMPIC HOUSE, NOW UNDER CONSTRUCTION
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Ensuring the construction of collaborative approach with of public transportation and, at the Olympic House is certified according local stakeholders. same time, a reduction in the use of to nationally and internationally Ensuring that sustainability principles individual cars. recognised sustainability standards. are integrated into the new IOC Taking efforts to include sustainability During 2017, this included significant procurement procedures. In addition, in all future IOC events by working efforts to ensure all products and an IOC Supplier Code of Conduct closely with local organisers during materials involved meet high-level was drafted, highlighting the minimum planning for the Olympism in sustainability criteria, and to help sustainability requirements with Action Forum in 2018 and by suppliers identify products that which the IOC expects its suppliers integrating sustainability clauses meet these criteria. In addition, to comply. into the Host City Contract for the following the completion of the Reducing the IOC’s travel impact 2019 IOC Session. dismantling of the IOC’s former by extending the IOC mobility Conducting an energy audit on headquarters in Vidy, 95 per cent plan fostering soft mobility to The Olympic Museum to develop of the materials were recycled or all IOC offices, leading to a an action plan for increasing its reused thanks to an innovative significant increase in the use energy efficiency. 029
OLYMPIC SOLIDARITY’S SUSTAINABILITY IN SPORT PROGRAMME, IN ACTION IN BOSNIA AND HERZEGOVINA
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The IOC as owner of the Olympic Games The IOC as leader of the through discussions with NOCs and Olympic Movement Olympic Solidarity. The strategy was Olympic Agenda 2020 urges the IOC presented to the Sustainability and to ensure sustainability is included in The IOC continues to assist Olympic Legacy Commission in November 2017. all aspects of the Games. During 2017, Movement stakeholders in integrating Implementation will begin in 2018. the IOC continued to support the OCOGs sustainability within their own operations. Strengthening the partnership between to ensure sustainability is embedded in In 2017, this included: the IOC and the IFs, building on work their Olympic projects, and increased its in 2016. This included meetings with support and guidance to potential host Developing a future sustainability nearly all IFs to discuss the IOC cities. For more, see page 61. implementation programme for NOCs, Sustainability Strategy, identifying areas where support is needed and then providing more tailored support. In addition, a further 19 IF sustainability case studies were developed (in 030 addition to the 21 compiled in 2016), “THE IOC IS EMBRACING SUSTAINABILITY IN ITS highlighting successful IF sustainability DAY-TO-DAY OPERATIONS, AS WELL AS TAKING initiatives and identifying best practices across IFs. These case studies were A PROACTIVE LEADERSHIP ROLE TO INSPIRE shared with IFs during the 2017 edition OLYMPIC STAKEHOLDERS AND THE WIDER of the annual IF Forum, organised SPORTS COMMUNITY TO IMPLEMENT BEST by the SportAccord Convention, which took place under the theme of SUSTAINABILITY PRACTICES.” “Leading the way towards a sustainable HSH PRINCE ALBERT II OF MONACO IOC MEMBER AND agenda”. The forum also provided CHAIR OF THE IOC SUSTAINABILITY AND LEGACY COMMISSION an excellent opportunity to deepen the collaboration between the IOC and the IFs and exchange best sustainability practices. Hosting a series of workshops for IFs on topics such as sustainable sourcing, carbon and water quality standards. These workshops were designed to give IFs a platform to share practices and experiences, offer support and expertise, and assist them in making well-informed decisions. Developing a series of guides under the banner of “Sustainability Essentials” to provide guidance to the Olympic Movement. The first guide, entitled “Introduction to Sustainability”, was finalised in 2017 for publication in 2018.
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Governance and Ethics
Good governance is a key part of the IOC Code of Ethics IOC Organisation Fundamental Principles of Olympism. The IOC has continually strengthened its An integral part of the Olympic Charter, From a legal standpoint, the IOC is an principles of good governance, promoting the IOC’s Code of Ethics is a framework international non-governmental non-profit integrity across different levels of the of ethical principles based upon the organisation, of unlimited duration, in the Olympic and sports movement. Olympic values and principles. The form of an association with the status of code provides a clear explanation of a legal person, recognised by the Swiss Since the adoption of Olympic its scope of application, a description Federal Council. According to the Olympic Agenda 2020, which contains several of the fundamental principles of Charter, the IOC’s mission is to promote recommendations on ethics and Olympism, definitions of what constitutes Olympism across the world and lead the compliance, transparency and good integrity of conduct and integrity of Olympic Movement, governed according governance, efforts in this important area competitions for the IOC and the main to basic principles of good governance have further increased – all the Agenda’s Olympic Movement stakeholders, and and high standard ethical rules. recommendations in this field had been reporting obligations. implemented by the end of 2015. Session 031 The IOC’s Basic Universal Principles The IOC has also urged the reinforcement of Good Governance The IOC’s main decisions (including of the ethical and basic principles of choosing the host cities of the Games, good governance for all members of The Basic Universal Principles of the composition of the sports programme the Olympic Movement, including Good Governance were approved by and electing new Members) are taken transparent and democratic decision- the XIII Olympic Congress in Copenhagen during Sessions – the IOC’s general making processes, financial reporting (Denmark) in 2009. All members of the assemblies – which are held yearly and auditing in line with international Olympic Movement must adopt, as their and bring together all IOC Members. standards, and the publication of financial minimum standard, these Basic Universal In addition to the annual ordinary reports and ethics and compliance rules. Principles of Good Governance. Session, an Extraordinary Session may be convened at any time by the President or upon the written request of at least one-third of the Members.
Two Sessions took place in 2017: the 130th Session in Lausanne, Switzerland on 11 July; and the 131st Session in “I BELIEVE THAT ETHICS IS ESSENTIAL TO THE SUCCESS Lima, Peru on 13-16 September. OF ANY ORGANISATION. THAT IS WHY I DID EVERYTHING POSSIBLE TO STRENGTHEN THE CULTURE OF ETHICS Executive Board AT THE UNITED NATIONS. I PROMOTED TRANSPARENCY The Executive Board has the general AND ACCOUNTABILITY IN EVERY WAY I COULD, AND responsibility for the administration and management of the IOC’s affairs. I TRIED TO LEAD BY EXAMPLE.” Created in 1921, the Executive Board is BAN KI-MOON currently composed of the IOC President, CHAIR OF THE IOC ETHICS COMMISSION AND FORMER UN SECRETARY-GENERAL four Vice-Presidents and 10 other
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members – all elected by the Session by WOMEN ON IOC COMMISSIONS IN 2017 secret ballot, by a majority of votes cast, for four-year terms. Board members may serve no more than two consecutive terms, and must then wait two years before becoming re-eligible for election.
President
The President is the IOC’s permanent 38% 70% 29 representative and presides over all of Female Increase in female More women on its activities. He or she is elected by the representation on representation IOC commissions Session during a secret ballot of IOC IOC commissions since 2013 than in 2016 Members. The President’s mandate is of 032 eight years, renewable once for four years.
Commissions
IOC commissions may be created for the purpose of advising the Session, the and Asia, guaranteeing a more global or former IOC Members, and are elected Executive Board or the President as the and diverse continental representation. by the IOC Session for renewable terms case may be. The President establishes Furthermore, seven former Young of four years. permanent or other standing or ad hoc Change-Makers from the Youth Olympic commissions and working groups Games have joined the commissions to The Ethics Commission has three functions: whenever it appears necessary. give youth a stronger, louder and clearer voice within the Olympic Movement. It draws up and continuously updates The review of the scope and composition a framework of ethical principles, of the IOC commissions was one A new Digital and Technology Commission including the Code of Ethics, as of the 40 recommendations of Olympic was created by the IOC in 2017 to advise well as specific implementing Agenda 2020. The year 2017 saw the IOC Session, the IOC Executive Board provisions based on the values 38 per cent of places taken by women – and the IOC President on issues relating and principles enshrined in the a historic high, and a 70 per cent to the effective and secure use of digital Olympic Charter; increase since 2013. In total, 29 more and information technologies. It looks into complaints raised in positions across the 26 IOC commissions relation to the non-respect of the are held by women than was the case in Ethics Commission Code of Ethics and, where necessary, 2016, and female members are present on proposes sanctions to the IOC every commission. The IOC created the Ethics Commission Executive Board and/or the IOC in 1999 in order to safeguard the ethical Session. These recommendations In addition, changes made to the principles of the Olympic Movement, remain confidential until the IOC composition of the IOC commissions which are set out in the Code of Ethics. Executive Board makes a decision. in 2017 have increased the number of The Chair and the majority of the members Its decisions are published on members from the Americas, Africa are not IOC Members, Honorary Members www.olympic.org/ethics.
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033
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In 2017, the commission’s actions The IOC Ethics Commission has included implementing a range of started a review of the rules regarding measures to strengthen its conflicts of interest. An annual independence. These included: mechanism has been put in place to declare, highlight and review strengthening the independence potential business transactions with of the majority of the commission’s related parties. An automated control members, who may no longer be mechanism will flag and communicate former or honorary IOC Members; to the Chief Ethics and Compliance separating the administrative part Officer every potential business of ethics investigations, under the transaction that the IOC is about to responsibility of the Chief Ethics sign with one of these related parties. and Compliance Officer, from Such transactions should be validated independent decisions by the by the IOC Executive Board. 034 Ethics Commission; and strengthening the control by the Audit Committee Ethics Commission over the Chief Ethics and Compliance Officer The Audit Committee reports to the through a mechanism of approval IOC Executive Board, the IOC President, of activity reports. The Chief Ethics and assists the Director General’s and Compliance Officer now Office in fulfilling its responsibilities It delivers advice to the IOC produces two reports annually, in terms of risk management, on the implementation of the explaining all the ethics complaints financial reporting, compliance, ethical principles. received through the IOC Integrity control and governance. and Compliance Hotline and In September 2017, at the 131st IOC other channels. The Audit Committee has the authority Session in Lima, Peru, Ban Ki-moon and responsibility to conduct any audit was elected to head the Ethics The Ethics Commission worked to it deems necessary to perform, and Commission, replacing outgoing implement several recommendations other such duties that the Executive chair Youssoupha Ndiaye (the former from the IMD’s report into governance Board and/or the IOC President may President of the Constitutional Court within the IOC during 2017 (see page 41). assign to it. of Senegal). As part of this work, the commission asked all IOC Members to undertake an The responsibilities of the Audit From January 2007 to December 2016, awareness-raising programme covering Committee are listed below: Mr Ban served as the eighth Secretary- all the major points of the IOC’s General of the UN, where one of his first Code of Ethics, including prevention Monitor the integrity of the IOC’s actions was to introduce a code of ethics against corruption and conflicts financial statements and ensure that applied to all employees of the of interests. All members of IOC that the financial statements organisation. An Ethics Committee commissions also received an update of the IOC and its subsidiaries was established to devise “a unified set on the basic ethical principles, including are prepared in accordance with of standards and policies” for the entire conflicts of interests, during their the International Financial Reporting UN system. commission meetings. Standards (IFRS) and comply with
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Swiss law and the Olympic Charter; monitor any other formal announcement relating to its financial condition; and review significant financial reporting judgements. Oversee the IOC internal control and risk management systems and report to the Executive Board on the types of risk to which the IOC is exposed; verify that effective business continuity plans are in place. Review compliance with policies, procedures and applicable regulations, including arrangements 035 by which IOC staff and suppliers may, in confidence, raise concerns about possible improprieties in matters of ethics or financial reporting. Advise the Executive Board for the approval at the annual Session of the appointment, re-appointment or removal of the external auditor. Approve the appointment and removal of the Chief Internal Auditor and monitor the effectiveness of the internal audit function.
The Audit Committee is supported by the Chief Internal Auditor and oversees all IOC entities.
Finance Commission
The IOC Finance Commission advises the Session, the Executive Board and the President on matters relating to the IOC’s financial management in order to safeguard continuity and strengthen the transparency and good governance of the IOC and the Olympic Movement.
BAN KI-MOON, THE NEW ETHICS COMMISSION CHAIR, WITH IOC PRESIDENT THOMAS BACH
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The responsibilities of the Finance Provide advice and guidance Make recommendations to the Commission are to: to other IOC commissions on Executive Board on the strategy financial matters. to be followed for the Olympic Review and pre-approve financial Ensure that the IOC and all its Movement financial investments, information in order to be able to subsidiaries have an efficient and monitor on a quarterly basis, provide advice and recommendations and transparent budgeting and through the Treasury Committee, to the IOC Session, the IOC Executive financial control process, and that that such strategy is followed or Board and the IOC President the financial policies and procedures updated based on changing with respect to making significant approved by the Executive Board conditions in the financial markets. financial decisions. are respected. Perform a review of the completed financial statements before their submission to the Executive Board and the Session for approval.
036 The IOC Finance Commission is supported by the IOC Finance Department and oversees all IOC entities. IOC COMMISSIONS IOC Risk and Assurance Athletes’ Marketing Governance Model Athletes’ Entourage Medical and Scientific Audit Committee Olympic Channel The IOC considers its risk and Communications Olympic Education assurance system as a core element Culture and Olympic Programme of its governance model. An effective Olympic Heritage Olympic Solidarity risk and assurance governance model Digital and Technology Public Affairs and Social helps the IOC to reduce potential risks Ethics Development through Sport and to take advantage of opportunities, Finance Sport and Active Society while also ensuring the fulfilment of its IOC Members Election Sustainability and Legacy missions and objectives. Legal Affairs Women in Sport The IOC follows the internationally recognised “three lines of defence” IOC COORDINATION COMMISSIONS model for risk management (see opposite). It distinguishes three groups XXIII Olympic Winter Games Games of the XXXII with different roles and responsibilities: PyeongChang 2018 Olympiad Tokyo 2020 3rd Summer Youth Olympic XXIV Olympic Winter Games The first line of defence is the Games Buenos Aires 2018 Beijing 2022 operational functions that own 3rd Winter Youth Olympic Games of the XXXIII and manage risks. These are Games Lausanne 2020 Olympiad Paris 2024 embedded in the IOC’s day-to-day activities. IOC departments ensure
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS LEADING THE OLYMPIC MOVEMENT
that risks are identified, reported, as an oversight function within the The third line of defence is the evaluated and responded to in a IOC administration, ensuring that independent functions that provide timely manner. controls, framework, policies and assurance to the organisation’s The second line of defence is the procedures are set up, aligned governing bodies and to the managerial functions that help with the IOC’s objectives, and Director General on how effectively build and/or monitor the first line implemented throughout the the organisation assesses and of defence controls. This serves IOC administration. manages its risks, including the
IOC RISK AND ASSURANCE GOVERNANCE MODEL
IOC Session / Executive Board / President / Audit Committee / Ethics Commission / Functional Commissions 037
Director General / Directors
1st Line of Defence 2nd Line of Defence 3rd Line of Defence
Operational Management Risk Management Internal Audit (scope: Legal IOC Administration) Operational Excellence Ethics and Compliance including Internal Control (scope: IOC Members) External Ethics and Compliance Audit (scope: IOC Administration Ethical matters) Human Resources Corporate Security
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manner in which the first and risk management, control activities, the safety and security of its people second lines of defence operate. information and communication and and the integrity and availability of its The independence of these monitoring activities. The existence assets and information. Corporate functions is critical to guarantee of the ICS is audited by the external Security takes an intelligence-led its objectivity. auditor on a yearly basis. approach to advise on and oversee the IOC’s various layers of protection. Internal Control System Corporate Security In recognition of the global increase Complying with Swiss law, the IOC As part of IOC risk and assurance in cyber-threats in recent years, the Internal Control System (ICS) is guided governance’s second line of defence, IOC is actively taking further steps to by the internationally-recognised the Head of Corporate Security safeguard the confidentiality, integrity Committee of Sponsoring Organisations position was created in 2017. and availability of critical information and of the Treadway Commission (COSO) Corporate Security’s primary mission systems, including through the Digital framework, revised in 2013 as Internal is to ensure that the IOC can continue and Technology Commission, which 038 Control – Integrated Framework, its global activities in an ever more was established in 2017. which covers control environment, challenging environment, while ensuring Governance structure
The third line of defence for IOC governance comes under the authority of the IOC President, and the Ethics Commission and the Audit Committee. It includes the Ethics and Compliance Office and audit functions; the external audit is also part of the governance structure.
Ethics and Compliance Office
The Ethics and Compliance Office was created in 2015 in line with one of the Olympic Agenda 2020 recommendations. The mission of the Ethics and Compliance Office is primarily one of prevention, through education and provision of information relating to ethical principles. It also has an advisory role for the whole Olympic Movement, in order to help achieve better application of the ethical principles and rules. In all cases, this advice remains confidential.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS LEADING THE OLYMPIC MOVEMENT
The second mission, in the event of Internal Audit covers the IOC In making those risk assessments, a failure to comply with the ethical administration as well as all reporting the auditor considers the internal control principles is suspected, is to perform entities including the Olympic Foundation system relevant to the entity’s preparation an initial compliance analysis and, for Culture and Heritage, the Olympic and fair presentation of the combined in serious cases where the suspicion Foundation, Olympic Solidarity, financial statements in order to design seems founded, to refer such cases IOC Television and Marketing Services, audit procedures appropriate in the to the Ethics Commission according OBS and OCS. circumstances, but not for expressing to Rules of Procedure. an opinion on the effectiveness of the External Audit entity’s internal control system. An audit These rules strengthen the includes evaluating the appropriateness transparency of the procedure and The external auditor is responsible of the accounting policies used and the the right to due process of the for providing an opinion on whether reasonableness of accounting estimates people concerned. the combined financial statements made, as well as evaluating the overall comply with International Financial presentation of the financial statements. Internal Audit Reporting Standards (IFRS) and Swiss 039 law and whether the separate statutory IOC administration Internal Audit is an independent and financial statements comply with objective assurance and consulting Swiss law. The financial statements The IOC administration is placed under function that is conducted by a of the IOC are prepared according to the responsibility of a Director General, philosophy of adding value and IFRS, even though the IOC is not legally who manages it under the President’s improving the operations of the IOC required to do so. authority, together with the assistance and all reporting entities. of the directors of various departments The external auditor conducts the audit and programmes. Internal Audit is guided by the in accordance with Swiss law and Institute of Internal Auditors’ mandatory Swiss Auditing Standards as well as the The main assignments of the guidance including the Definition International Standards on Auditing. administration include the following: of Internal Auditing, and the International Those standards require that the audit preparation, implementation and Standards for the Professional Practice is planned and performed to obtain follow-up of the decisions taken by the of Internal Auditing. It assists the reasonable assurance whether the Session, the Executive Board and the IOC in accomplishing its objectives combined financial statements are President; preparation and follow-up by bringing a systematic and free from material misstatement. of the work of all the commissions; and disciplined approach to evaluating permanent liaison with the IFs, NOCs and improving the effectiveness of An audit involves performing procedures and OCOGs, including coordination of the organisation’s governance and to obtain audit evidence about the the preparations for all Olympic Games. risk management as well as its internal amounts and disclosures in the control processes. combined financial statements. The IOC is based in Lausanne, Switzerland. The procedures selected depend At the end of 2017, it had a headcount The Chief Internal Auditor is appointed on the auditor’s judgement, including of 547 employees from 53 nationalities by and reports functionally to the Audit the assessment of the risks of material on indefinite and fixed-term contracts, Committee, which regularly reviews the misstatement of the combined financial equating to a full-time equivalent employee scope of Internal Audit, audit plans and statements, whether due to fraud count of 519.95. Women made up results of the internal audits. or error. 55 per cent of the IOC’s employees.
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040
PRESIDENT BACH ADDRESSES THE 131ST IOC SESSION IN LIMA, PERU
IOC fiscal status Olympic Truce Foundation, benefits SA and OCS SA are registered as from an income tax exemption pursuant Swiss VAT taxpayers. Certain entities The IOC redistributes 90 per cent of to the agreement concluded with the among the “IOC Group” which are its revenue to the wider sporting Swiss Federal Council on 1 November registered in Switzerland are subject movement, helping athletes and sports 2000. As service companies of the to other taxes levied at federal, organisations at all levels around the IOC, IOC TMS, OBS SA, OBS SL, cantonal and/or communal level world and to promote the Olympic OCS SA and OCS SL are subject to (e.g. entertainment tax, real estate tax, Movement worldwide. In this role of a tax ruling according to which they customs duties) and must also observe public interest organisation, the IOC, must recharge their operational costs specific tax compliance requirements. as well as the Olympic Foundation for with a mark-up. IOC employees are subject to taxation Culture and Heritage, the Olympic under Swiss tax law and IOC staff are Foundation, the Foundation for Universal The IOC, the Olympic Foundation for subject to all federal, cantonal and Olympic Ethics and the International Culture and Heritage, IOC TMS, OBS communal taxes.
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Strengthening Our Commitment to Good Governance and Ethics
IMD Governance Report four of the seven long-term dilemmas. and the appointment of a The implementation of the remaining new independent Chair; and Given the continuing evolution of recommendations is on track. the creation of a new Human good governance practice, the IOC Resources (HR) Committee. officially contracted the world-renowned Key achievements included: International Institute for Management Overall, the review shows that while Development (IMD) in Lausanne, the improvement of the declaration in most areas, the IOC is building on Switzerland, and its Global Board of interests from Executive Board the solid governance structures and Centre to undertake research into members and IOC top management; processes strengthened by Olympic good governance at the IOC itself. awareness training on ethical Agenda 2020, introducing reinforced matters delivered to all IOC Members, practices in certain areas would enable Professor Didier Cossin, the Board and IOC commission members it to build its resilience and leadership Director of the IMD Global Board Centre, and employees; position, fulfil its mission to society presented the recommendations the strengthening of the Ethics to its fullest potential and serve as a stemming from this review to the Commission with the review of the best-in-class example in a global arena in 041 IOC Executive Board in July 2017. Statutes and the Rules of Procedure need of positive governance examples.
In total, there were 22 primary recommendations to improve structures and processes for governance in the more immediate term, as well as 25 secondary recommendations for the longer-term transformation of governance practices, to help the IOC on its path to continuous governance improvement. In addition, IMD identified seven dilemmas which it believes the IOC will need to face in the next 10 years to ensure that its governance practices keep pace with its evolving role and increasing societal expectations. All the recommendations are grouped into three categories: ethical conduct and reputation; organisational supervision and decision-making; and the IOC as a leader in the Olympic Movement.
By the end of 2017, the Audit Committee, which is in charge of monitoring the implementation of the recommendations, confirmed the implementation of eight of the 22 primary recommendations, 11 of the 25 secondary recommendations, and
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LEADING THE OLYMPIC MOVEMENT CONTENTS
International Partnership Each taskforce will develop checklists Movement Code on the Prevention of the Against Corruption in Sport (IPACS) and pilot projects in their specific areas, Manipulation of Competitions, which aims and will report back to IPACS. to provide sports organisations with In striving to improve governance and harmonised regulations to protect all integrity in sport, IPACS was launched Olympic Movement Unit on the competitions from the risk of manipulation. at the IOC’s International Forum for Prevention of the Manipulation Sports Integrity (IFSI) in February of Competitions Changes to the Host City Contract 2024 2017. This multi-stakeholder platform brings together international sports The Olympic Movement Unit on the In February 2017, the IOC announced it organisations, governments and inter- Prevention of the Manipulation of would make specific changes to the Host governmental bodies to strengthen and Competitions was established during the City Contract 2024 with regard to human support efforts to eliminate the risk of IFSI in February 2017 to help safeguard rights, anti-corruption and sustainable corruption and promote a culture of good the credibility of sport. On the basis of development standards. The decision governance in and around sport. initiatives already developed by the IOC, followed consultations with representatives 042 the Unit aims to better engage all Olympic of the Sport and Rights Alliance (SRA), The IPACS core group comprises the Movement stakeholders, including IFs, which includes Transparency International IOC, the United Kingdom government, NOCs, athletes and their entourages Germany, UNI World Athletes, Terre des the Organisation for Economic more strongly. Hommes, the International Trade Union Cooperation and Development Confederation, Amnesty International and (OECD), the Council of Europe and the The establishment of the Unit builds Human Rights Watch. UN Office on Drugs and Crime (UNODC). on the IOC’s existing three-pillar strategy The initiative has received widespread covering the fields of legislation and The Host City Contract 2024 now includes approval, including from the 14th regulations, awareness-raising and a section designed to strengthen Council of Europe Conference of capacity-building, and intelligence provisions protecting human rights and Ministers Responsible for Sport, the and investigations. The Unit will aid the countering fraud and corruption relating G20 governments and the Conference of implementation of the existing Olympic to the organisation of the Olympic Games. States Parties to the UN Convention against Corruption.
In December 2017, IPACS agreed to set up three new taskforces to address:
reducing the risk of corruption in procurement relating to sporting events and infrastructure; ensuring integrity in the selection of major sporting events, with an initial focus on managing conflicts of interest; and optimising the processes of compliance with good governance principles to mitigate the risk of corruption. CONTENTS LEADING THE OLYMPIC MOVEMENT
IOC Members
Each and every IOC Member is a volunteer Members are elected for a period of eight related to the IOC and the Games, who acts as a representative of the IOC years, which can be renewed. Since 12 including the election of host cities for the and the Olympic Movement within their December 1999, the number of IOC Games, changes to the Olympic Charter, home nation. They are not their country’s Members has been limited to 115 and the and the election of new Members, the IOC representatives within the IOC. age limit has been set at 70 for those who Executive Board and the IOC President. were elected after this date. For Members Members are selected based on their elected between 1967 and 1999, the age New Members elected in 2017 far-reaching experience and expertise in limit has been fixed at 80 years, while the their respective fields. They include active term of office is unlimited for those The 131st Session in Lima, Peru elected and former Olympic athletes, as well as elected before 1966. eight new IOC Members. Four Members, presidents or senior leaders of IFs, three of them women, were elected in the NOCs or other international organisations Each year, the Members meet at the IOC category of Individual Members: Kristin recognised by the IOC. Session to vote on important decisions Kloster Aasen, Khunying Patama
043
THE IOC ELECTED EIGHT NEW MEMBERS IN 2017. FROM LEFT: SHEIKH KHALID MUHAMMAD ALZUBAIR, BAKLAI TEMENGIL, LUIS MEJIA OVIEDO, KHUNYING PATAMA LEESWADTRAKUL, IOC PRESIDENT THOMAS BACH, KRISTIN KLOSTER AASEN, NEVEN ILIC, INGMAR DE VOS, JEAN-CHRISTOPHE ROLLAND
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LEADING THE OLYMPIC MOVEMENT CONTENTS
Leeswadtrakul, Luis Mejia Oviedo and Richard Peterkin, CBE; Richard W. Transparency is one of the most Baklai Temengil. Two were elected as Pound, QC, AD E; Sir Craig Reedie; important Basic Principles of Good representatives of an NOC or continental Juan Antonio Samaranch; HE Pál Governance for Sports Organisations. association of NOCs: Sheikh Khalid Schmitt; Sir Austin L. Sealy, KT; It is the IOC’s responsibility to implement Muhammad Alzubair of Oman and Neven and Shamil Tarpischev. within its own governance, as provided Ilic of Chile. Two were elected as Members by Recommendation 29: “Increase representing an IF: Ingmar de Vos, the Furthermore, in light of Tsunekazu transparency”. One of these domains President of the Fédération Equestre Takeda’s important role in the is the indemnity policy for IOC Members. Internationale (FEI), and Jean-Christophe preparations for the upcoming Olympic In light of this, the IOC publishes the Rolland, the President of World Rowing. Games Tokyo 2020, the IOC Session indemnity policy for IOC Members and agreed to extend the age limit for the IOC President. This policy is in line Anita L. DeFrantz was elected as an Mr Takeda, the President of the NOC with the legal status of the IOC as a IOC Vice-President. Nicole Hoevertsz, Dr of Japan, until the end of the Olympic not-for-profit organisation and the Robin E. Mitchell and Denis Oswald were Games Tokyo 2020. whole spirit of the Olympic Charter. 044 chosen by the Session to join the IOC IOC Members, including the IOC Executive Board and serve four-year terms. Long-standing IOC Members Gerhard President, are volunteers. Heiberg and Kun-Hee Lee were elected Sixteen Members, subject to re-election as IOC Honorary Members. As the former Upon request by the IOC Members after eight years of membership, Chair of the IOC Ethics Commission, (following a simple process), some were re-elected en bloc: Sheikh Ahmad Youssoupha Ndiaye was granted the of the personal administrative expenses Al-Fahad Al-Sabah; Franco Carraro; status of IOC Honour Member. related to the execution of their John Coates, AC, whose status was respective functions within the IOC changed from Member representing Members’ indemnity are compensated by fixed amounts. an NOC to Individual Member; This amount varies in relation to the HRH Crown Prince Frederik of Olympic Agenda 2020 emphasises the various functions. Denmark; Iván Dibós; Habu Gumel; importance of good governance, and HRH the Princess Nora of Liechtenstein; specifically as linked to the autonomy The indemnity policy for IOC Members Ser Miang Ng; Lydia Nsekera; of sports organisations. and the IOC President is as follows:
IOC Members and IOC Honorary Members Annual administrative support USD 7 000 Daily indemnity for the IOC Members for all types of meetings, including commissions, USD 450 Sessions and Olympic Games (to cover the time of travel, the days before and after the meetings are compensated) Daily indemnity for IOC commission chairs for their own commission meetings 2 x USD 450 (to cover the time of travel, the days before and after the meetings are compensated) Daily indemnity for IOC Executive Board members for Executive Board meetings 2 x USD 450 (to cover the time of travel, the days before and after the meetings are compensated)
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS LEADING THE OLYMPIC MOVEMENT
The respective indemnities can be recommendations of Olympic Agenda for the IOC 365 days a year. In line allocated by the IOC President when 2020, the IOC Ethics Commission with past practices and like all the he requests an IOC Member for a proposed, becoming effective as of other IOC Members, the IOC special mission. 1 January 2015, that: President receives an indemnity to partially cover his expenses. IOC President The IOC President will be treated in The President receives neither the same way and entitled to the same the fixed annual support nor the Like all IOC Members, the IOC President indemnity as the Executive Board daily indemnity related to all is a volunteer. Therefore, the IOC has members during the meetings of the commission meetings or other and is applying the principle that on Executive Board and as any IOC missions that he is entitled to as the one hand the President should not Executive Board member during an IOC Member. financially benefit from his position, the Olympic Games. Instead of this, to cover some of the and on the other hand he should not According to the obligations and President’s personal costs related have to finance activities related to his rights attributed to him in the Olympic to the execution of his function, function from his personal savings. Charter, the IOC President has the the Ethics Commission decided 045 In line with this principle, and in order to function of an Executive President. a single annual fixed amount linked increase transparency following the Therefore, the President is on mission to inflation of €225,000 as indemnity.
IOC Members as of 31 December 2017
On 31 December 2017, there were 100 Members, 42 Honorary Members and two Honour Members of the IOC. Jacques Rogge is the Honorary President of the IOC.
Name Country Sport/discipline Games participation Olympic medallist Mr Richard W. POUND, Q.C., Ad.E. CAN Swimming 1960 Mr Franco CARRARO ITA Water skiing Mr Iván DIBÓS PER Rowing HE Mr Pál SCHMITT HUN Fencing 1968/72/76 HSH the Princess Nora of LIECHTENSTEIN LIE HSH the Sovereign Prince ALBERT II MON Bobsleigh 1988/92/94/98/2002 Ms Anita L. DEFRANTZ* USA Rowing 1976 HRH the Princess ROYAL GBR Equestrian 1976
* Executive Board Member
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Name Country Sport/discipline Games participation Olympic medallist Mr Ching-Kuo WU TPE Basketball Mr Willi KALTSCHMITT LUJÁN* GUA Baseball Mr Richard L. CARRIÓN PUR Mr Nat INDRAPANA THA Mr Denis OSWALD* SUI Rowing & ice hockey 1968/72/76 Mr Thomas BACH* GER Fencing 1976 Sheikh Ahmad Al-Fahad AL-SABAH KUW Sir Craig REEDIE GBR Badminton Mr Mario PESCANTE ITA Athletics Sir Austin L. SEALY, KT. BAR Dr Robin E. MITCHELL* FIJ Athletics & hockey Mr Alex GILADY ISR Mr Shamil TARPISCHEV RUS Tennis Mr Valeriy BORZOV UKR Athletics 1972/76 Dr René FASEL SUI Ice hockey
046 Mr Sam RAMSAMY RSA Athletics Mr Patrick Joseph HICKEY** IRL Judo Syed Shahid ALI PAK Polo Mr Ung CHANG PRK Basketball Mrs Gunilla LINDBERG* SWE Mr Guy DRUT FRA Athletics 1972/76 Mrs Irena SZEWINSKA POL Athletics 1964/68/72/76/80 HRH the Grand Duke of LUXEMBOURG LUX Ms Nawal EL MOUTAWAKEL MAR Athletics 1984 Mr Ser Miang NG* SIN Sailing Mr Samih MOUDALLAL SYR Weightlifting Mr Gian-Franco KASPER* SUI Alpine skiing & cross-country skiing Mr Zaiqing YU* CHN Mr John COATES, AC AUS Mr Juan Antonio SAMARANCH* ESP HH Amir Sheikh Tamim AL-THANI QAT Football & tennis HRH Prince Tunku IMRAN MAS Squash Mrs Nicole HOEVERTSZ* ARU Synchronised swimming 1984 Mrs Beatrice ALLEN GAM Mr Patrick BAUMANN SUI Basketball Mr Sergey BUBKA* UKR Athletics 1988/92/96/2000
* Executive Board Member ** Temporarily self-suspended
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS LEADING THE OLYMPIC MOVEMENT
Name Country Sport/discipline Games participation Olympic medallist Prof Uğur ERDENER* TUR Basketball Mr Richard PETERKIN, CBE LCA HRH Crown Prince Frederik of DENMARK DEN Mr Habu GUMEL NGR Ms Lydia NSEKERA BDI HRH Prince Feisal AL HUSSEIN JOR Mr Barry MAISTER, ONZM NZL Hockey 1968/72/76 Mrs Marisol CASADO ESP Mrs Yang YANG CHN Short track speed skating 1998/2002/06 Mrs Angela RUGGIERO* USA Ice hockey 1998/2002/06/10 Mr Adam L. PENGILLY GBR Skeleton 2006/10 Mr José PERURENA ESP Canoe 1968 Dr Gerardo WERTHEIN ARG Equestrian Mr Frank FREDERICKS*** NAM Athletics 1992/96/2004 Mrs Lingwei LI CHN Badminton
Mr Tsunekazu TAKEDA JPN Equestrian 1972/76 047 Baron Pierre-Olivier BECKERS-VIEUJANT BEL Ms Aïcha GARAD ALI DJI Handball Ms Danka BARTEKOVA SVK Shooting 2008/12/16 Mr James TOMKINS, OAM AUS Rowing 1988/92/96/2000/04/08 Ms Kirsty COVENTRY ZIM Swimming 2000/04/08/12/16 Mr Tony ESTANGUET FRA Canoe 2000/04/08/12 Mr Octavian MORARIU ROU Rugby Mr Bernard RAJZMAN BRA Volleyball 1976/80/84 Mrs Mikaela COJUANGCO JAWORSKI PHI Equestrian Mr Alexander ZHUKOV RUS Mr Paul K. TERGAT KEN Athletics 1996/2000/04 Mr Lawrence F. PROBST III USA Mrs Dagmawit Girmay BERHANE ETH Mr Camiel EURLINGS NED Mr Stefan HOLM SWE Athletics 2000/04/08 Mr Poul-Erik HØYER DEN Badminton 1992/96/2000 Ms Hayley WICKENHEISER CAN Ice hockey & softball 1998/2000/02/06/10/14 Mr Mamadou D. NDIAYE SEN Tennis Mr Nenad LALOVIC SRB Mrs Nita AMBANI IND
* Executive Board Member *** Suspended
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 LEADING THE OLYMPIC MOVEMENT CONTENTS
Name Country Sport/discipline Games participation Olympic medallist Mrs Sari ESSAYAH FIN Athletics 1992/96 Mr Ivo FERRIANI ITA Mr Luis Alberto MORENO COL Ms Auvita RAPILLA PNG Netball Mr Anant SINGH RSA Ms Tricia SMITH CAN Rowing 1976/84/88 Mr Karl STOSS AUT Ms Britta HEIDEMANN GER Fencing 2004/08/12 Mr Seung Min RYU KOR Table tennis 2000/04/08/12 Mr Daniel GYURTA HUN Swimming 2004/08/12/16 Mrs Yelena ISINBAEVA RUS Athletics 2000/04/08/12 Ms Sarah WALKER NZL Cycling 2008/12 Ms Baklai TEMENGIL PLW Canoe Mrs Kristin KLOSTER AASEN NOR Equestrian Mrs Khunying Patama LEESWADTRAKUL THA
048 Mr Luis MEJIA OVIEDO DOM Mr Neven ILIC CHI Sheikh Khalid Muhammad ALZUBAIR OMA Mr Jean-Christophe ROLLAND FRA Rowing 1992/96/2000 Mr Ingmar DE VOS BEL
Honorary President Count Jacques ROGGE BEL Sailing 1968/72/76
Honour Members Mr Henry KISSINGER USA Mr Youssoupha NDIAYE SEN
Honorary Members HRH the Grand Duke Jean de LUXEMBOURG LUX HM King CONSTANTINE GRE Sailing 1960 Mr Niels HOLST-SØRENSEN DEN Athletics 1948 Mr Günther HEINZE GER Mr Vladimir CERNUSAK SVK Ms Flor ISAVA FONSECA VEN Equestrian 1956 Mr Borislav STANKOVIC SRB Basketball
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS LEADING THE OLYMPIC MOVEMENT
Name Country Sport/discipline Games participation Olympic medallist HRH the Infanta Doña Pilar de BORBÓN ESP Mr Shagdarjav MAGVAN MGL Mr Mustapha LARFAOUI ALG Mr Fernando F. Lima BELLO POR Sailing 1968/72 Mr Tamás AJÁN HUN Mr Walther TRÖGER GER Ms Manuela DI CENTA ITA Cross-country skiing 1984/88/92/94/98 Mr Kipchoge KEINO KEN Athletics 1964/68/72 Mr Phillip Walter COLES, AM AUS Canoe 1960/64/68 Mr Chiharu IGAYA JPN Alpine skiing 1952/56/60 Professor Arne LJUNGQVIST SWE Athletics 1952 Mr Antun VRDOLJAK CRO Intendant General Lassana PALENFO CIV Mr Francisco J. ELIZALDE PHI Mr Carlos Arthur NUZMAN*** BRA Volleyball 1964
HM King Willem-Alexander of the NETHERLANDS NED 049 Mr Richard Kevan GOSPER, AO AUS Athletics 1956/60 Mr Jean-Claude KILLY FRA Alpine skiing 1964/68 Raja Randhir SINGH IND Shooting 1968/72/76/80/84 HRH Prince Nawaf Bin Faisal Bin Fahad Bin KSA ABDULAZIZ AL SAUD Mr Melitón SÁNCHEZ RIVAS PAN Mr James L. EASTON USA Mr Patrick S. CHAMUNDA ZAM Dr Julio César MAGLIONE URU Swimming Mr Lambis V. NIKOLAOU GRE Mr Vitaly SMIRNOV RUS Water polo Mr Olegario VÁZQUEZ RAÑA MEX Shooting 1964/68/72/76 Mr Toni KHOURY LIB Mr Ottavio CINQUANTA ITA Mr Alexander POPOV RUS Swimming 1992/96/2000/04 General Mounir SABET EGY Shooting Mr Timothy Tsun Ting FOK HKG Mr Issa HAYATOU CMR Athletics & basketball Mr Gerhard HEIBERG NOR Mr Kun-Hee LEE KOR
*** Suspended
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES
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CELEBRATING THE OLYMPIC GAMES CONTENTS
“A Golden Opportunity”: Paris 2024 and Los Angeles 2028
On 13 September 2017, at the 131st IOC On 11 July, the Session unanimously Session in Lima, it was confirmed that agreed in principle to award both Games Paris and Los Angeles will host the Olympic in Lima, paving the way for a “win-win-win” Games 2024 and 2028 respectively, situation for the Olympic Movement, following the IOC’s historic decision Los Angeles and Paris. This momentous to award both Games simultaneously. decision initiated a period of constructive discussion between the IOC and the two Recognising the exceptional circumstances Candidate Cities, resulting in Los Angeles and unique opportunities presented declaring its candidature for the Olympic by the candidatures of Los Angeles Games 2028, followed by a Tripartite and Paris for the Olympic Games 2024, Agreement and the release of the Host the 130th IOC Session had previously City Contract 2028 on 31 July 2017. met in Lausanne in July 2017 to discuss the IOC Executive Board’s proposal to The agreement was ratified by the full 052 award the 2024 and 2028 Games at the IOC membership at the IOC Session in same time. Lima on 13 September 2017, confirming that Paris will host the Olympic Games 2024 and that Los Angeles will host the Olympic Games 2028. The decision was the culmination of a two-year Candidature Process shaped by the IOC’s Olympic Agenda 2020 reforms. Indeed, by embracing so fully the principles of Olympic Agenda 2020, the two Candidate Cities created what IOC President Thomas Bach termed a “golden opportunity” for PARIS 2024 the Olympic Movement. A FOCUS ON YOUTH When the two delegations – led by 82% Eric Garcetti, the Mayor of Los Angeles, French youth supported Paris’s and Emmanuel Macron, the President candidature for the Games of the French Republic – presented their respective Games concepts at the Candidate City Briefing 2024 on 89% 11 July 2017, their mutually strong focus French youth see the Games as a on sustainability and legacy made losing way to unite French people one of the candidates an unthinkable situation for the Olympic Movement.
74% As a result, the future of the Games has Young Parisians plan to attend the Games been safeguarded through the allocation
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS CELEBRATING THE OLYMPIC GAMES
“THE REFORMS LAID OUT BY OLYMPIC AGENDA 2020 CREATED A CLEAN, CLEAR CANDIDATURE
PROCESS FOR LOS ANGELES, AND MANY LOS ANGELES 2028 CITIES FROM AROUND THE WORLD A GAMES FOR ALL WILL BENEFIT FROM THESE REFORMS AS THEY BID IN THE COMING MONTHS.” USD 160m ERIC GARCETTI MAYOR OF LOS ANGELES Investment to increase youth sports access and participation before the Games
053 100% Existing and temporary venues
86% Olympians who will be within 30 minutes of their competition venues
of hosting rights to two celebrated Olympic cities – giving athletes, National Olympic Committees (NOCs), International Federations (IFs) and the entire Olympic Movement an exciting framework within which to map out the next 11 years, and providing legacies that will benefit the local populations long into the future.
Furthermore, collaboration between Paris and Los Angeles has already begun through the creation of a framework for cooperation, which outlines opportunities that the two cities and the IOC are planning to explore. This framework has been designed to create mutual benefits, efficiency and transparency, while also reducing costs and complexity.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES CONTENTS
IOC Coordination Commissions As well as chairing the Coordination Commission for the Olympic Games 2028 In October 2017, IOC President Los Angeles 2028, he has been Los Angeles Thomas Bach appointed Baron appointed as the Vice-Chair of the Pierre-Olivier Beckers-Vieujant (BEL) Coordination Commission for Paris, as the Chair of the IOC Coordination thus helping the two host cities to 2024 Commission for the Games of the work closely with each other and Paris XXXIII Olympiad Paris 2024, and share best practices in areas such Patrick Baumann (SUI) as the Chair as sustainability, inclusiveness of the IOC Coordination Commission and innovation. for the Games of the XXXIV Olympiad Los Angeles 2028. The collaboration between Paris THREE IS A 2024 and Los Angeles 2028 MAGIC NUMBER Baron Beckers-Vieujant is the President will build on the principles of 054 of the Belgian NOC (COIB) and has Olympic Agenda 2020 and Paris and Los Angeles been an IOC Member since 2012. The New Norm initiative, have both hosted the He is also the Chair of the IOC Audit established by the IOC to further Games twice before Committee and a member of both the reduce the cost and complexity IOC Finance and Ethics Commissions. of hosting the Olympic Games. Mr Baumann is the Secretary General of the International Basketball Paris 2024 Orientation Seminar Federation (FIBA) and the President of the Organising Committee for Following its transition from Candidate the Winter Youth Olympic Games City to Organising Committee 1984 Lausanne 2020. An IOC Member (OCOG), the IOC held a two-day Los Angeles since 2007, he is also a member of orientation seminar with Paris 2024 the IOC’s Athletes’ Entourage, Legal on 30 November and 1 December Affairs and Marketing Commissions. 2017, reinforcing its commitment to organising the Olympic Games Baron Beckers-Vieujant will lead in a spirit of co-construction. a commission composed of IOC Members and representatives of The workshop provided a foundation Olympic Movement stakeholders, for stakeholders to start planning including athletes, NOCs and IFs. how to stage a successful Games 1932 Several members of the IOC Evaluation in 2024. The two-day event included Los Angeles Commission 2024 and 2028 have interactive presentations and joined the commission in order to round-table discussions with Olympic continue the positive work carried and Paralympic Games experts, 1924 Paris out during the Candidature Process. including athletes, on topics such as sustainability, legacy, athlete Mr Baumann led the 2024 and 2028 experience, stakeholder services
IOC Evaluation Commissions. and engagement strategies. 1900 A LASER AND 3-D VIDEO MAPPING SHOW IN PARIS ON NEW YEAR'S EVE 2017 Paris
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS
“AT THE HEART OF THESE GAMES, WE WILL PLACE YOUNG PEOPLE, WHO REPRESENT OUR PRESENT, OUR HOPE AND OUR PRIDE.”
ANNE HIDALGO MAYOR OF PARIS
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Olympic Winter Games PyeongChang 2018
Preparations for the PyeongChang Test events allowed organisers to test Units in both Villages sold out after Games entered their final stages in the fields of play and the results, timing they were made available for purchase 2017. Among the most significant and scoring systems at each venue. by the public, creating a Games legacy. developments were the continued The medals were unveiled, featuring POCOG began building enthusiasm for discussions regarding the participation a design inspired by Korean culture. the Games with the launch of its official of the NOC of the Democratic People’s Ticket sales were launched for app, as well as by presenting a number Republic of Korea (DPRK). As early as residents of the host country. of other events and initiatives to engage 2014, the IOC had initiated preliminary Volunteers were selected for the Korea and the world with the Games. talks at the highest level of government. Games from 91,000 applications. With facilities completed, POCOG During this time, the IOC started a Key brand elements such as the ticket began testing operational readiness programme to support DPRK athletes designs and pictograms were unveiled. and fine-tuning details in order to in the qualification process. Construction of the two Olympic ensure athletes would compete Villages was completed on schedule. on the best possible fields of play. From January 2017, the IOC’s efforts 056 were amplified by meetings with heads of state and government; at the United Nations (UN); and with the NOC of the DPRK. When the commitment for participation was made clear in the DPRK leader’s New Year’s message, OLYMPIC TRUCE the IOC called a meeting on 20 January between the IOC, the two NOCs and governments, and the PyeongChang In November, the UN General by countries including both the 2018 Organising Committee (POCOG). Assembly adopted the Olympic Republic of Korea and the DPRK. All parties then signed the Olympic Truce resolution “Building a By adopting the resolution, Korean Peninsula Declaration, which peaceful and better world the international community contained exceptional decisions by the through sport and the Olympic recognised the power of sport IOC to make the participation and joint ideal” ahead of the Games. and the Games to bring the world activities of the two teams possible. The resolution called for the together in peaceful competition, Truce to be respected from providing hope for a better future. Other 2017 achievements included: seven days before the start of the Games until seven days after The Coordination Commission for the the Paralympic Games, and to Olympic Winter Games PyeongChang harness sport to foster and 2018 undertook its eighth and ninth encourage action that promotes visits followed by its final review, dialogue and reconciliation looking at all areas of Games during the Games and beyond. preparations. Representatives of four It included a section on the safe NOCs, all seven Olympic Winter IFs, passage and travel of all athletes the Worldwide Olympic Partners and and participants in the Games, the Korean government were on site to and was adopted by consensus give feedback during the ninth visit.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS CELEBRATING THE OLYMPIC GAMES
Olympic Games Tokyo 2020
The year saw a number of major milestones and achievements as preparations continued for the Olympic Games Tokyo 2020:
The IOC Executive Board approved the event programme for the Games – introducing youth and urban innovations, significantly improving gender equality, and reducing the overall number of athletes in order to limit the Games’ footprint. The IOC Coordination Commission for the Olympic Games Tokyo 2020 completed its fourth and fifth visits 057 to the host city, providing guidance and support to the Tokyo 2020 Organising Committee (TOCOG) and further strengthening the partnership between all stakeholders. Celebrations marked both three years to go until the Games and the 1,000-day countdown, with a series of events helping to engage the Japanese public. The Musashino Forest Sports Plaza, the first of eight new permanent venues being built for the Games, the 339 sets of medals to be awarded Tokyo 2020 Official Supporters, opened in Tokyo. Designed to at the Games. By the end of October then launched in January 2018. ensure sustainability and minimal 2017, 740,000 smartphones and The launch of the mascot design environmental impact, the venue 251 tons of disused items had already competition attracted 2,042 entries includes a swimming pool, a gym, been collected, helping to raise from across Japan. A total of a multi-use sports area and two public awareness of the importance 6.5 million elementary schoolchildren fitness studios. All these facilities of sustainability and offering everyone were then given the opportunity will be available to the general public, the chance to play their part in to vote for the winner, further creating an important contribution preparations for the Games. engaging the country’s youth. to the legacy of the Games. The domestic sponsorship programme A nationwide education programme The Tokyo 2020 Medal Project continued to generate record revenue. was launched in April 2017 to promote launched. The project will use precious By the end of 2017, the programme the Olympic values to schoolchildren metal recycled from discarded had attracted 43 partners: 15 Gold across Japan. By the end of October, smartphones, digital cameras, video Partners and 28 Official Partners. 4,381 schools had registered for game consoles and laptops to create A third domestic partnership category, the programme.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES CONTENTS
Olympic Winter Games Beijing 2022
In June 2017, the IOC Coordination BEIJING 2022 Commission for the Olympic Winter Games Beijing 2022 completed its second visit to the host city and was able to see advancements made to Beijing’s sustainability and legacy plan.
On the first day of its visit, the commission visited four sites in Beijing: the new 20,000 30% 91.6% 300m National Speed Skating Oval, the Capital Chinese citizens Increase in Competition and BOCOG is Indoor Stadium, the Wukesong Sports from nine winter-sports non-competition encouraging Centre and the Shougang Industry Park. provinces participation venues in the 300 million The land where the Speed Skating Oval is participated in since the Games Beijing zone that people in China to be built is already being prepared for celebrations for were awarded are legacies from to participate 058 construction. The oval is expected to be Olympic Day 2017 to Beijing Beijing 2008 in winter sports complete by the end of 2019.
Both the Capital Indoor Stadium and the Wukesong Sports Centre were used during the Olympic Games in 2008, Having hosted international curling and ice hockey matches respectively during The involvement of athletes in the confirmed during the commission’s visit, 2017, both venues will be repurposed for preparations of the Games was very with Chinese Olympian and IOC Member the Olympic Winter Games. The final stop clear during the venue tour, with Olympic Yang Yang appointed to serve as Chair. on the tour was the Shougang Industry medallists Wang Beixing and Li Nina Park, a former steel mill that was closed being joined by former Chinese national On day two, BOCOG gave a series of ahead of the Olympic Games Beijing figure skating champion Yao Jia to presentations that included updates on 2008. Now home to the headquarters present the venues. All three athletes are venue and competition plans for both the of the Beijing Organising Committee currently working in Beijing 2022’s Sports Olympic and Paralympic Winter Games, (BOCOG), it will also host big air Department. The make-up of the Beijing its organisational structure, and the events in 2022. 2022 Athletes’ Commission was also advances it has made in marketing and communications projects.
Also in 2017, BOCOG launched its official marketing programme, which will see domestic commercial partners play an essential role in the success of the Games – not only through financial support but also through products, services and expertise. Then, in December, BOCOG launched the official Games emblems. CONTENTS CELEBRATING THE OLYMPIC GAMES
Candidature Process for the Olympic Winter Games 2026
On 17 October 2017, the IOC launched more sustainable and cost-effective, and This support will be provided equally the Candidature Process for the are fully aligned with local, regional and to all cities at the IOC’s cost. Olympic Winter Games 2026. national long-term development goals. The IOC will conduct its own research to assess the general Designed to implement the The new Candidature Process ensures feasibility of Interested Cities to recommendations of Olympic Agenda a reduction in the workload for host the Games, greatly reducing 2020, the new process is based on the candidates by requiring fewer the scope of the work required by increased flexibility, greater transparency deliverables, and comprises two stages: the cities. and an in-depth dialogue between the The IOC will conduct interactive NOCs, Interested Cities and the IOC. A new, one-year, non-committal working sessions in the cities, The process has been redesigned to Dialogue Stage, from October 2017 and will offer to participate in a ensure that candidatures and Games are to October 2018, which will give dialogue forum to engage with Interested Cities and NOCs the a wider group of stakeholders in opportunity to engage with the the respective cities. IOC in order to assess the benefits 059 and requirements related to hosting Fewer deliverables required throughout the Games. the Candidature Process A shortened formal Candidature Stage, from October 2018 to Cities will not be required to deliver any September 2019, which will streamline Candidature Files or guarantees during and simplify the period when the Dialogue Stage. Candidate Cities work with the IOC Cities will instead be asked to submit to increase the value propositions a single Candidature File during the of their Games delivery plans. Candidature Stage, and the IOC has also reduced the number of Throughout both stages, the Candidature questions and guarantees. These Process is characterised by ongoing changes significantly reduce the open dialogue with the cities, a learning cities’ workload. environment tailored to the context Candidature Files will include some and needs of each city that will enable contextual elements depending on the continuous improvement of the the individual Games project. In other Games project. words, not all questions will be applicable to all cities. Cities will benefit from these changes in three major ways: Substantially reduced candidature budgets
More support and expertise Increasing the IOC’s expert provided by the IOC support during the Dialogue Stage and reducing the number and The IOC will send teams of technical complexity of deliverables during experts to help cities and NOCs the Candidature Stage will reduce develop their candidature concepts. costs for cities.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES CONTENTS
The New Norm
In line with an Olympic Agenda 2020 cities’ long-term development plans service levels to their actual recommendation, the IOC undertook and reductions in Games-related needs and uses. a thorough review exercise in 2017 capital investment. to identify ways to further reduce the These measures were subsequently cost and complexity of hosting the Conducted in close collaboration with presented to the 132nd IOC Session Olympic Games while also reinforcing partners and industry experts, the in February 2018 as an ambitious set the flexibility of Games management review analysed every function of of 118 reforms that reimagine how the and enhancing its value proposition. Games operations, including venues, Games is delivered. More than 80 of the energy, broadcasting, accommodation, proposed solutions will result in cost Known as The New Norm, this initiative transport and technology. This led efficiencies without compromising has been designed to facilitate, optimise to the creation of a set of measures the Olympic experience, including and simplify Games organisation and designed to help OCOGs to streamline opportunities to reduce venue sizes, delivery, helping OCOGs to better their planning, make better use of rethink transport options, optimise balance their budgets while also IF and NOC technical expertise, existing infrastructure and reuse the 060 ensuring closer alignment with host improve venue planning and adapt field of play for various sports.
REVISED REQUIREMENTS
OLYMPIC VILLAGE TRANSPORTATION VENUE SHARING
Past:
Future:
The IOC proposes to further Venues will be shared across The IOC will re-examine combine and optimise multiple sports and federations, village models, including existing public transportation decreasing requirements for size and layout. opportunities and new how many facilities a city mobility solutions. would need to construct.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS CELEBRATING THE OLYMPIC GAMES
Sustainability and the Olympic Games
Approved by the Executive Board in “THIS MUST BE A TEAM EFFORT – NO ONE ORGANISATION December 2016 and published in 2017, the IOC’s Sustainability Strategy covers CAN DO IT ALONE. WE HAVE TO PUT SUSTAINABILITY the IOC’s three spheres of responsibility IN ACTION. IT IS UP TO US, THE IOC AND EACH IF, – as an organisation, as the leader of the TO PUT INTO PRACTICE THESE METHODS.” Olympic Movement (for both, see pages 28-30) and as the owner of the Olympic THOMAS BACH IOC PRESIDENT Games. Within this latter sphere of influence, a number of key measures were introduced during 2017:
Dedicated sustainability and legacy organisations better understand Meetings were held with sessions were introduced for Interested how their activities impact on nature, Worldwide Olympic Partners Cities during the Candidature Process and to help them identify new Atos, Bridgestone, Intel, Panasonic, for the Olympic Winter Games 2026, opportunities to enhance conservation. P&G and Samsung in order to 061 as part of the new, one-year, A new Olympic Games Guide on identify synergies for future non-committal Dialogue Stage. sourcing and resource management collaboration, further building The sustainability section of the 2026 was developed for Olympic Games partnerships with Games Candidature Questionnaire was revised organisers, covering all phases of stakeholders to develop to reflect the five focus areas of the Games planning and staging. innovative sustainable solutions. IOC Sustainability Strategy and the streamlined procedures of the new Candidature Stage. The final documentation received from Paris 2024 and Los Angeles 2028 was reviewed to ensure that sustainability was integrated throughout the projects. A carbon calculation and methodology framework was developed and designed to be shared with current and future OCOGs, with the aim of saving them time, financial costs and human resources while also allowing carbon results across future Games to be standardised. As part of the collaboration between the IOC and the International Union for the Conservation of Nature (IUCN), an IUCN Guide on Sport and Biodiversity was developed for publication following PyeongChang 2018. It aims to help sports
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES CONTENTS
Youth Olympic Games
In response to Olympic Agenda 2020, International Federations (ASOIF) and performance, a purpose-driven sports a revised positioning of the Youth the Association of International Olympic festival and an incubator for innovation. Olympic Games (YOG) and 13 new Winter Sports Federations (AIOWF) The event will become the leading strategic directions were approved by under the leadership of IOC Member component of a network of youth the 129th IOC Session in Rio de Janeiro Uğur Erdener. sporting events and will continue to in August 2016. present a great opportunity to test and The revised YOG mission is to rapidly implement new ideas, turning The implementation of this new “retain young people in competitive concepts into reality with very limited positioning began during 2017 – and and organised sport and to promote associated risks. several concrete results have already been the benefits of Olympism as a philosophy achieved thanks to close collaboration of life”. Throughout 2017, plenty of progress was with the Organising Committees of made on the early implementation of the both the YOG Buenos Aires 2018 and The YOG have also been repositioned main recommendations, as detailed on the Winter YOG Lausanne 2020. as a unique combination of athletic the following pages: 062 In December 2017, after close consultation with IFs and NOCs, the IOC Executive Board approved the staging of the fourth edition of the Summer and Winter YOG in 2022 and 2024 respectively.
Shaping the future of the YOG
Following the adoption of the recommendations for the future of the YOG by the 129th IOC Session, an implementation programme was set up to ensure the timely activation of the recommendations and maximise their impact.
Beginning in 2017, this programme has focused on implementing every recommendation in a coherent and pragmatic way, taking opportunities from the YOG Buenos Aires 2018 onwards. The programme is being guided by an Advisory Committee comprising representatives of the IOC Athletes’ Commission, the Association of National Olympic Committees (ANOC), the Association of Summer Olympic LINDSEY VONN, THE FIRST YOG LAUSANNE 2020 AMBASSADOR
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS CELEBRATING THE OLYMPIC GAMES
Goal 1: decision to bring the YOG 2022 to the YOG. The new network will let many Increase participation Africa. In line with this goal, it was also more young people experience the and level of competition decided to reduce YOG service levels, YOG effect first-hand in other settings. costs and complexity, and to increase Following a complete review of the the return on investments. The aim is to build a relevant learning Winter YOG Lausanne 2020 sports pathway for young athletes through programme in 2017, the implementation A good example of reasonable and a coherent calendar of international of two distinct competition periods sensible choices for the future of the events that culminates with the YOG. will allow for an increased number of YOG can be seen in the decision to This calendar will include events participants – rising from 1,098 at the hold the speed skating competition such as continental youth games, Winter YOG Lillehammer 2016 to an for the Winter YOG Lausanne 2020 which are intended to become YOG expected 1,872 in Lausanne. After the on a frozen lake in St Moritz. The high qualifying events from the African YOG Buenos Aires 2018, the summer cost of the temporary ice rink initially Youth Games 2018 onwards, and sports programme will be completely planned in Lausanne and the lack of world youth championships. revised and adapted to this new solid legacy plans had been highlighted 063 feature. It is foreseen that, as with during the Candidature Process – and In October 2017, working in close Lausanne 2020, this will allow following a detailed feasibility study coordination with World Archery high-level competition for more conducted in 2017 in close coordination and the Buenos Aires 2018 Organising athletes without increasing the cost with the International Skating Union Committee (BAYOGOC), the IOC and complexity of the Games. (ISU), it was agreed to relocate the successfully delivered a number of competition to this frozen lake. The educational activities to participants Goal 2: other sliding sports (bobsleigh, luge and at the first pilot event in this network: Bring the YOG to skeleton), which were not originally part the World Archery Youth Championships all type of cities of Lausanne 2020’s candidature, will in Rosario, Argentina. More pilot events also be staged in St Moritz – illustrating have been identified for 2018. The next editions of the YOG must a central element of both Olympic be more accessible, affordable and Agenda 2020 and The New Norm. In order to develop universality, sustainable for cities wishing to host diversity, sports participation and them, and the IOC would also like to Goal 3: youth development programmes, strategically target potential YOG hosts Expand the reach it was decided to create a large pool to promote Olympism throughout and impact of the YOG of Universality Places for the YOG the world. In order to achieve these in addition to the quotas allocated ambitions, a new host city selection With the active participation of the by sport/discipline. As a result, the process was developed in 2017. IFs, the NOCs and other Olympic allocation of Universality Places for Movement stakeholders, it was Buenos Aires 2018 was carried out Following a shorter and lighter agreed to create a network of youth following guidelines established by Candidature Process, the IOC’s sports events with the objectives the YOG Tripartite Working Group. involvement will be reinforced in the of increasing the number of young first stages of the YOG organisation. athletes with access to useful The objective is to increase the This new approach was presented to educational information; and increasing number of Universality Places at the the IOC Executive Board in early 2018 local impact by involving young people Games, giving more opportunities and resulted in the important strategic in sports initiation activities similar to for the IFs and NOCs to develop their
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES CONTENTS
youth engagement in new territories. In addition, it was decided to Goal 4: At the end of the process, it will be increase the number of Athlete Leverage digital platforms evaluated for future YOG editions. Role Models (ARMs) at the YOG to to extend the YOG experience inspire young participants on and During 2017, it was also decided to off the field of play. Together with The YOG experience will be extended update the programme of Learn & the new wave of Young Change- by taking full advantage of the Olympic Share activities, increasing their Makers selected to mentor the Channel and other digital platforms. impact and bringing them to more athletes of their delegation in Actions taken in this area include: venues. For the YOG Buenos Aires Buenos Aires, this larger pool 2018, there will be a total of 18 of ARMs will provide greater the creation on the new IOC activities in three distinct themes: opportunities to activate such Athlete365 website (formerly the “Protect the clean athlete”, YOG advocates across the many IOC Athletes’ Hub) of a Youth Zone, “Athlete performance” and continental and regional events where young elite athletes and “Athlete beyond sport”. that will form the future network. coaches can find all the information 064 they need; the retention of worldwide digital rights to the YOG by the Olympic Channel, allowing it to produce specific content based on stories from young athletes addressing other young people; and the delivery of athlete education activities on the Olympic Channel through a Media Lab in Buenos Aires.
Goal 5: Enhance the YOG’s role as incubator for innovation
The YOG’s role as an incubator is to take on board youth-focused innovations in the sports programme, as well as new approaches for educational and cultural programmes and the Games delivery model. Examples include:
The YOG Buenos Aires 2018 will use the Urban Park concept, featuring temporary installations and allowing the competitions to be embedded in a sports festival with sports initiation and artistic activities.
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065
LUCIANA AYMAR, A YOG BUENOS AIRES 2018 AMBASSADOR, WITH YOUNG FANS
The Buenos Aires 2018 Urban Park from Madrid for the YOG Buenos and sport climbing. In addition, the will also be a platform for testing Aires 2018, maximising the use of Winter YOG Lausanne 2020 will add basketball 3x3, BMX freestyle and their facilities and minimising the big air, ice hockey 3x3, Nordic combined sport climbing, three of the sports on-the-ground operational costs for women and ski mountaineering. and disciplines that are making their for the IOC and BAYOGOC. Both Games will have an equal share first Olympic Summer Games of female and male athletes. appearances at Tokyo 2020. In close collaboration with the respective The YOG Buenos Aires 2018 IFs, new and innovative medal events YOG Buenos Aires 2018 Opening Ceremony will be held focused on skills development have in the city centre. been added to the YOG Buenos Aires Preparations for the YOG Buenos Olympic Broadcasting Services (OBS) 2018 programme: acrobatic gymnastics, Aires 2018 reached several significant is planning to manage some of the beach handball, BMX freestyle, milestones in 2017, including the one- functionalities of the International breakdancing, cross-country running, year-to-go celebrations on 6 October. Broadcast Centre (IBC) remotely futsal, kiteboarding, roller speed skating The year saw several major achievements:
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CELEBRATING THE OLYMPIC GAMES CONTENTS
The IOC Coordination Commission Change-Makers during the YOG. completed its fourth visit to the The list features active athletes, host city in July 2017. During the including 16 Olympians (four of visit, the commission was updated whom also competed at the YOG) on the innovative new Urban Park and 12 YOG alumni, sports concept that will be tested by coaches, students and young Buenos Aires 2018, leveraging professionals – all aged under 30. temporary venues and organising The third edition of the IOC competitions in urban settings Young Reporters programme where young people naturally was launched, inviting 30 gather. Participants will be able young reporters from five to experience a mix of elite sport continents to the YOG. competition, music, culture and The Buenos Aires 2018 arts, sports initiation, showcasing volunteer programme launched 066 and educational programmes. in December 2017, seeking to Fitting with its local youth appeal appoint up to 8,000 volunteers and culture, roller sports was added for the Games. to the sports programme, bringing Good progress was made in 2017 the total number of sports to 32. on the two main developments YOG BUENOS AIRES 2018 BAYOGOC continued to deliver a being built for the YOG – the new large number of activities in schools Youth Olympic Village and the across Buenos Aires and the local Youth Olympic Centre. Both 25 area, engaging and inspiring an represent a strong development Athlete Role Models (out of 62) announced additional half a million young and legacy opportunity in the in 2017, including… people in 2017. south part of the city. Luis Scola, part of the Argentine 18 12 team that won basketball gold at Winter YOG Lausanne 2020 Olympians Sports the Olympic Games Athens 2004, and Chad le Clos, the Olympic The IOC Executive Board confirmed 8 14 gold medal-winning South African the event programme for the Winter Olympic medallists Countries swimmer, were announced as the YOG Lausanne 2020 in 2017. The latest YOG Ambassadors for the event programme ensures full gender Games, joining Argentinian hockey balance for the first time at a Winter 83 legend and four-time Olympic Olympic event, with the most Young Change-Makers announced medallist Luciana Aymar. women’s events and the greatest in 2017, including… In November, the IOC announced number of women ever at a Winter the first 25 of the 62 Athlete Role YOG. This gender equality mirrors 16 12 Models who will support and inspire the previously achieved programme Olympians YOG alumni young athletes during the YOG. for the YOG Buenos Aires 2018. The IOC also announced the 3 All 83 inspirational young people The programme includes ski Olympic medallists Under 30 who will serve as Young mountaineering for the first time,
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS CELEBRATING THE OLYMPIC GAMES
along with a number of event formats appearing for the first time at a YOG, including a mixed-NOC 3x3 ice hockey tournament, a women’s doubles event in luge and a women’s Nordic combined competition. Existing venues will be used for all new sports and events.
In May 2017, construction began on the innovative Vortex building. The building will first be used as the Youth Olympic Village before becoming a student housing complex right at the heart of the University 067 of Lausanne’s campus, creating a unique lasting legacy for higher education in the region. Building also began at the site for the main ice rink in Malley, which will replace an older rink on the same site and will be used for ice hockey, figure skating and short track speed skating.
The principle of hosting the YOG not only for the youth but also by the youth has been embraced by Lausanne 2020. The Organising Committee has involved many academic centres of excellence in its planning, including in areas such as digital strategy, brand, volunteer programme, accommodation, and food and beverage concepts – all developed by students.
In December, Alpine skiing Olympic champion Lindsey Vonn was announced as the first Lausanne 2020 YOG Ambassador. OLYMPIC DAY CELEBRATIONS IN GREEN PARK, BUENOS AIRES
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SUPPORTING AND PROTECTING CLEAN ATHLETES
SUPPORTING AND PROTECTING CLEAN ATHLETES CONTENTS
Olympic Solidarity Plan 2017-2020
The Olympic Solidarity Plan 2017-2020 encourage knowledge sharing was launched in 2017, setting out among NOCs and other members “IT HAS MADE SUCH Olympic Solidarity’s aims and of the Olympic Movement; A DIFFERENCE TO objectives for the next four years. support education and training With a development budget of for coaches; and ME. IT HAS HELPED USD 509 million, 16 per cent greater promote the Olympic values. ME DEVELOP AS than for the previous plan, Olympic AN ATHLETE AND Solidarity has been able to create Olympic Solidarity Plan budget an ambitious four-year programme QUALIFY FOR that offers more assistance to The Olympic Solidarity Commission THE 2018 GAMES.’’ National Olympic Committees (NOCs) approved a total development and and their athletes than ever before. assistance budget for the Olympic AKWASI FRIMPONG GHANAIAN SKELETON ATHLETE The new plan features a variety of Solidarity Plan 2017-2020 of AND BENEFICIARY OF initiatives and programmes designed to: USD 509,285,000. The budget for OLYMPIC SOLIDARITY’S 070 2017, approved by the commission OLYMPIC SCHOLARSHIPS help athletes; on 8 November 2016, was FOR ATHLETES PROGRAMME strengthen and improve USD 115,693,999, which represents NOCs’ structures and 22.7 per cent of the total budget management capacities; for the 2017-2020 period.
OLYMPIC SOLIDARITY PLAN 2017-2020: BUDGET – USD 509,285,000
USD 210,535,000 World Programmes Essential technical, financial and administrative assistance to NOCs for sports development activities USD 222,050,000 Continental Programmes Tailored assistance for NOCs, run by the continental associations working with Olympic Solidarity USD 50,000,000 IOC Subsidies for Participation in Olympic Games Supporting NOCs’ participation in the Summer and Winter Game USD 6,500,000 Technical Support Services USD 20,200,000 Administration
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS SUPPORTING AND PROTECTING CLEAN ATHLETES
OLYMPIC SOLIDARITY PLAN 2017-2020: MAIN OBJECTIVES
Promote Olympic Agenda 2020 concepts through advocacy and education
Support NOCs wishing NOC to assist other NOCs in sports development 071
Offer individualised services to NOCs
Ensure funds are spent in a responsible, transparent and accountable way
Focus on NOCs with the greatest need
Increase assistance for athletes and support NOCs in their efforts to protect clean athletes
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 CONTENTS CONTENTS SUPPORTING AND PROTECTING CLEAN ATHLETES
NEW WORLD PROGRAMMES FOR ATHLETES IN 2017
The year 2017 saw the launch of two stages of their competitive careers through the IOC’s Athlete new World Programmes for athletes: as they consider, plan and transition Career Programme (ACP). to a successful post-athletic Refugee Athlete Support (for full professional life. In 2017, the first grants were details, see page 87), which is allocated to 19 individual Olympians. designed to identify and support Assistance from the Athlete Career The grants support a wide range refugee athletes to prepare for Transition programme comes in two of programmes, including degrees and participate in international forms: individual grants offered to (bachelors, masters and PhD), competitions; and Olympians that help them with apprenticeships and language Athlete Career Transition, which education and training in a field of courses, covering periods from supports athletes at various their choice; and outreach sessions three months to four years. 073
Athlete support in 2017 application process covering the the European Youth Olympic quadrennial plan and annual preparation Summer Festival (Győr, With the Olympic Winter Games projects. Applications were assessed Hungary) and Winter Festival PyeongChang 2018 fast approaching, with assistance from the relevant (Erzurum, Turkey); Olympic Solidarity monitored its 435 International Federation (IF), before the Commonwealth Youth Games scholarship holders during 2017 in the grants were allocated and paid to the (Nassau, Bahamas); light of their qualification for the Games, successful NOCs. the Pacific Mini Games while also opening applications for its (Port Vila, Vanuatu); and Tokyo 2020 Olympic Scholarships. For the first time, the programme was the Jeux de la Francophonie activated through Olympic Solidarity’s (Abidjan, Ivory Coast). The programme then started in new Online Platform, which allows September, one year earlier in the NOCs direct access to Olympic In 2017, there were also more than Games cycle than previous scholarship Solidarity’s programmes. 160 activities related to identifying programmes, giving NOCs the chance and training athletes ahead of the to support their athletes for up to three Continental Athlete Support Grants Youth Olympic Games (YOG) years. In total, 817 scholarships were were also offered to 71 NOCs to Buenos Aires 2018; more than awarded to athletes from 93 NOCs help athletes prepare for: 30 activities relating to athlete d u r i n g 2017. participation in YOG qualification the Asian Winter Games competitions; and more than 30 In addition, Olympic Solidarity (Sapporo, Japan); activities assisting athletes who had launched the 2017-2020 Team Support the Asian Indoor and Martial Arts qualified for the Games or who received
THE ATHLETE REFUGEE TEAM PRACTISES BEFORE THE IAAF/BTC WORLD RELAYS BAHAMAS 2017 BAHAMAS RELAYS WORLD IAAF/BTC THE BEFORE TEAM PRACTISES REFUGEE ATHLETE THE Grant programme, with a two-step Games (Ashgabat, Turkmenistan); universality places in March 2017.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 SUPPORTING AND PROTECTING CLEAN ATHLETES CONTENTS
Athlete Programmes
IOC Athletes’ Commission Strategy Lausanne, Switzerland, for the IOC’s The key outcomes from the 8th International Athletes’ Forum to talk forum included: In response to the needs of athletes, about issues including tackling doping, the IOC Athletes’ Commission launched ensuring athletes’ rights and empowering the need for a strong, united a new, engaging and action-orientated athletes’ commissions. and connected network of strategy in September 2017. athletes’ commissions; The three-day biannual event provided the need for better, clearer and more The result of a 10-month consultation athlete representatives with an consistent communication within the process with athletes and other opportunity to feed back on the IOC network of athletes’ commissions and stakeholders, the All In strategy sees Athletes’ Commission’s All In strategy, the IOC Athletes’ Commission; and the commission working together with and to give their thoughts on how the the objective for athletes’ commissions athletes and the Olympic Movement Olympic Movement can better support to be the true voice of athletes to to collectively: them across the globe. ensure their credibility.
074 empower athlete participation in Olympic Movement decision- making processes; support athlete development in their sporting and non-sporting careers; promote athlete involvement in decision-making across the Olympic Movement; and ensure athlete involvement in Olympic Movement decision-making.
The implementation of the strategy began immediately, and its impact is already being seen through activities such as the IOC International Athletes’ Forum, the development and launch of the Athlete365 online platform, the development of the Athlete Charter of Rights and Responsibilities and the preparation of athlete engagement initiatives for the Olympic Winter Games PyeongChang 2018.
IOC International Athletes’ Forum
In November 2017, more than 100 athlete representatives from around the world gathered at The Olympic Museum in
THE 8TH INTERNATIONAL ATHLETES’ FORUM TOOK PLACE IN 2017
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH SUPPORTING AND PROTECTING CLEAN ATHLETES
Athlete Career Programme and Athlete Learning Gateway – under one brand, enabling the worldwide athlete community to better understand and connect with the different strands of help and guidance that are available to them. This support is accessible via a centralised digital hub, through physical outreach during Games time, and locally through IFs and NOCs.
IOC Athletes’ Entourage Commission
In November, the IOC Athletes’ Entourage Commission finalised its new four-year 075 plan, aiming to improve the quality and Following discussions during the has been initiated, in addition to the level of services provided to athletes Forum, the IOC Athletes’ Commission consultations with various stakeholders by engaging with and uniting all those has used the feedback it received to across the Olympic Movement. who support and work directly with them. ensure its implementation of its new The commission’s main achievements strategy properly reflects the priorities Athlete365 in 2017 included: of athletes. In November 2017, the IOC Athletes’ ensuring the involvement of the Athlete Charter of Rights Commission announced the launch of athletes’ entourage in the IOC and Responsibilities Athlete365, a new brand that unites all International Athletes’ Forum; of the IOC’s athlete-focused initiatives holding its first annual joint meeting One key outcome of the All In strategy and communications. with the IOC Athletes’ Commission; has been the development of the launching the first IOC Coaches Athlete Charter of Rights and Building upon Recommendation 18 of Lifetime Achievement Awards, Responsibilities. This athlete-driven Olympic Agenda 2020, which emphasises recognising coaches and their project sets out to understand what is the need to support athletes on and contributions to Olympians’ lives important to athletes and reflects their off the field of play, Athlete365 aims to and the Olympic Movement; needs, rights and responsibilities. improve the way the IOC communicates increasing collaboration with with athletes, and is designed to provide organisations such as the Association The Charter aims to be applicable to better support to them on their journey of Sport Performance Centres (ASPC) all athletes, whether Olympic or to the Olympic Games and beyond. It is and the International Council for non-Olympic, and sets out to address hoped that this will build trust, increase Coaching Excellence (ICCE) through topics such as integrity and clean engagement and ultimately improve the regular meetings, presentations and sport, sports competition, governance relationship between athletes and the IOC. working sessions; and and career transition. To ensure it truly supporting the IOC’s work on reflects the voice of athletes, a broad Athlete365 unites the IOC’s various athlete the prevention of harassment and and direct engagement with athletes support programmes – including the IOC abuse in sport.
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IOC Athlete Career Programme counselling experts from the Adecco community aimed at helping them boost Group; NOCs and their athletes’ their performances and shape their The IOC Athlete Career Programme commissions; representatives from future careers. Five courses were added (ACP) reached more athletes than ever the World Olympians Association this year: Eat to Compete; Business before in 2017. In total, 6,939 athletes (WOA), Visa China and Toyota; and Start-up; Safeguarding Athletes from benefited from the programme around the Vice-Mayor of Beijing. Harassment and Abuse; Tackling the world during the year, enhancing their Manipulation of Competitions; and workplace skills and receiving 226 job Following numerous presentations, panel Understanding Sports Injuries. placements. Working with local Adecco discussions, breakout sessions and a offices to provide programmes tailored to special sport and cultural programme, Get Ready the specific needs of athletes in their the forum concluded with an updated countries, 30 NOCs now offer ongoing ACP strategy and clear targets for 2020, Towards the end of 2017, the IOC support to athletes. including pledges to: launched the Get Ready information pack and accompanying film for athletes 076 During 2017, the ACP delivered 51 increase job placements for athletes, participating in the Olympic Winter outreach workshops in 36 countries, with the aim of achieving a minimum Games PyeongChang 2018. Both the working largely with NOCs who do not of 1,000 athlete placements by 2020; information pack and film were made directly offer the ACP. These one-day pursue efforts to support and empower available in eight languages: Chinese, workshops were delivered to 1,117 various athletes’ commissions; English, French, German, Italian, athletes by 29 NOCs, more than a third continue to provide and increase Japanese, Korean and Russian. of which were hosting their first ACP training opportunities; workshop; to 267 athletes through five develop mentorship programmes; The downloadable pack included all IFs; and to 459 athletes at the YOG camp organise annual networking events the key information athletes needed in in Buenos Aires. Some 79 per cent of and establish hiring targets; preparation for the Games, including athletes benefited from financial support expand networks to include all Olympic details of services and facilities at through Olympic Solidarity’s new Athlete Movement stakeholders so as to competition and non-competition Career Transition programme. encourage them to develop and venues; and information about the engage in athlete career initiatives; and Olympic Villages and particularly the 8th ACP Forum enhance the promotion of the ACP and Athlete365 Space, where athletes would enable the tailoring of the programme be able to relax, watch the Games, The 8th IOC ACP Forum took place on for local markets. vote in the IOC Athletes’ Commission 15-17 June in Beijing, People’s Republic election and learn more about the IOC’s of China. Held in cooperation with the Athlete Learning Gateway programmes for athletes. Adecco Group and hosted by the China NOC and the Beijing Olympic City The Athlete Learning Gateway The pack also included key IOC Development Association, the forum was celebrated a record year in 2017, guidance and instruction for athletes, attended by 87 participants from over attracting 5,000 new members. The such as Rule 40 and Rule 50; social 30 NOCs representing all five continents. platform now has a total of 19,000 media guidelines; and important registered users from 194 NOCs. information about ensuring fair and clean The forum brought together athletes, sport during the Games, including the including Olympians and members of the The platform continues to provide elite latest anti-doping regulations and athlete IOC’s Athletes’ Commission; career athletes with courses and an online safeguarding policies.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS SUPPORTING AND PROTECTING CLEAN ATHLETES
World Olympians Association (WOA) after their names. Serving as a symbolic ongoing development of the WOA and recognition of an Olympian’s status in National Olympians Associations (NOAs) The IOC continued to work closely society, OLY promotes an Olympian’s around the world, while providing valued with the WOA in 2017 – not least at the social, charitable and community-based services for Olympians, supporting November launch of the WOA’s landmark work, serving as a reminder of their sustainable community programmes OLY post-nominal letters initiative at the achievements and of their responsibility and extending the WOA’s own capacity 8th International Athletes’ Forum in to embody the values of Olympism in and resources. As part of the updated Lausanne, which saw IOC President everyday life. Within five days of the plan, the WOA intends to continue Thomas Bach become the first-ever launch, 1,000 Olympians had registered forging strong relationships with key Olympian to receive the OLY letters. to use OLY. By the end of the year, the IOC departments. total had risen above 6,000. The initiative allows Olympians to apply NOC Uniform Support Programme for OLY post-nominal letters, to be used Earlier in 2017, the WOA unveiled its new in the same way that university graduates strategic plan for 2017-2020. The plan is Building on the success of the first may add their qualifications such as PhD designed to support and sustain the NOC Uniform Support Programme 077 for the Olympic Games Rio 2016, the IOC, in collaboration with the World Federation of the Sporting Goods Industry (WFSGI), announced in October 2017 that it was extending the programme to the Olympic Winter Games PyeongChang 2018.
The programme was designed to assist NOCs and athletes that are unable to procure compliant competition uniforms for the Games by providing them with outfits that meet both IFs’ technical requirements and Rule 50 of the Olympic Charter.
In total, 18 NOCs from four continents would be provided with free competition clothing in PyeongChang through the support of the IOC and the WFSGI. The participating NOCs and six leading sports brands involved in the programme – adidas, Descente, Marker Dalbello Völkl, Mizuno, Odlo and Under Armour – went on to design and develop the uniforms that would be worn by 53 athletes during the Games.
IOC PRESIDENT THOMAS BACH WITH OLYMPIAN AND ACP BENEFICIARY ANA JELUŠIĆ
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Protecting Clean Athletes
Pre-Games Anti-Doping Taskforce The reanalysis programme for the The reanalysis of all samples taken during Olympic Winter Games Vancouver 2010 the Olympic Winter Games Turin 2006 Building on the success of the Pre- was completed in September 2017 – was also completed, and did not result Games Anti-Doping Taskforce set up just ahead of the limitation period for the in any positive cases. before the Olympic Games Rio 2016, the collected samples, which expired in IOC, WADA and the Doping-Free Sport February 2018. Out of the 1,710 urine The IOC's reanalysis programme for Unit (DFSU) of the Global Association of samples available, a total of 1,195 samples from the Olympic Games International Sports Federations (GAISF), (70 per cent) were reanalysed, including London 2012 is ongoing. By the end working with the Association of stored samples from medallists and of 2017, 584 samples from athletes who International Olympic Winter Sports Russian athletes. Three adverse analytical participated in the Games had been Federations (AIOWF), established a findings (AAFs), all from one athlete, were reanalysed and 49 Anti-Doping Rule similar taskforce ahead of the Olympic taken forward for results management. Violations (ADRVs) had been found. Winter Games PyeongChang 2018.
078 The taskforce aimed to optimise athlete testing by conducting detailed assessments of individuals and groups of athletes in order to recommend specific targeted tests, and then following up and monitoring the testing. The targeted pre-Games testing enhances the tests already carried out by IFs and National Anti-Doping Organisations (NADOs).
Between April 2017 and January 2018, IFs and NADOs carried out more than 17,000 tests on more than 6,000 athletes from 63 countries covering all seven winter sports. These figures represent almost 70 per cent more tests than in the same period in 2016.
IOC reanalysis programme
The IOC initiated its reanalysis programme before the Olympic Games London 2012, for samples from the Olympic Games Athens 2004, in order to provide a level playing field for all clean athletes by reanalysing stored anti-doping samples.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS SUPPORTING AND PROTECTING CLEAN ATHLETES
Olympic Winter Games Sochi Agency (ITA) to provide doping controls Ms Kirsty Coventry (ZIM; IOC 2014 investigations and other related services to IFs and Athletes’ Commission representative) Major Event Organisations (MEOs), Prof Dr Peijie Chen The IOC took firm action in response to ensuring compliance with the World (CHN; independent member) the findings of the McLaren Report on Anti-Doping Code in an autonomous doping and manipulation in Russia, which and harmonised manner. The ITA will IOC safeguarding toolkit showed that there was a fundamental be dedicated to sports organisations but attack on the integrity of the Olympic will operate independently. The IOC launched a toolkit in November Games and on sport in general. 2017 that was designed to help IFs and To guarantee its independence and NOCs develop and implement athlete- After establishing two Disciplinary effectiveness, and for good governance safeguarding policies and procedures. Commissions in July 2016 – the Oswald purposes, the ITA board is composed Building on existing guidelines and Commission, to investigate the alleged of five voting members: an independent medical consensus statements, doping violations by Russian athletes at chair and an independent member, the step-by-step guide focuses on the Olympic Winter Games Sochi 2014, both anti-doping experts with no ties organisational and competition-specific 079 and the Schmid Commission, to address to the sports movement; an elected safeguarding policies. Reinforced the systematic manipulation of the athletes’ representative; and two with key research, recommendations anti-doping system in Russia – the IOC representatives from the sports and case studies across the announced a series of decisions in movement. In October 2017, WADA Olympic Movement, it offers a December 2017. These decisions included announced that it had ratified the Board solution-based approach. the suspension of the Russian NOC membership as follows: and the creation of a pathway for clean The toolkit joins a series of initiatives Russian athletes to participate in the Dr Valérie Fourneyron aimed at preventing harassment and Olympic Winter Games PyeongChang (FRA; independent chair) abuse in sport, which have been 2018 under strict conditions. Dr Uğur Erdener established by four IOC commissions (TUR; IOC representative) (Athletes’, Athletes’ Entourage, Medical As part of its investigations, the IOC Mr Francesco Ricci Bitti and Scientific, and Women in Sport), reanalysed and forensically examined all (ITA; IF representative) in collaboration with NOCs, IFs, external available urine samples collected from Russian athletes at the Olympic Winter Games Sochi 2014, and all available blood samples collected from Russian athletes in Sochi were also reanalysed. By the end of 2017, this reanalysis programme had ‘‘BY FOLLOWING THE STEPS IN THIS SAFEGUARDING resulted in 46 cases being handled by the IOC Disciplinary Commission. TOOLKIT, WE HOPE THAT ALL SPORTS ORGANISATIONS WILL IMPLEMENT POLICIES AND PROCEDURES International Testing Agency WHICH HAVE A TRUE LONG-LASTING POSITIVE IMPACT ON ATHLETE WELL-BEING.’’ Following an Olympic Summit proposal in 2015, the IOC worked in 2017 on the HRH PRINCE FEISAL AL HUSSEIN IOC MEMBER AND CHAIR OF establishment of the International Testing THE IOC PREVENTION OF HARASSMENT AND ABUSE IN SPORT WORKING GROUP
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partners such as UN Women and Tackling competition manipulation with the PyeongChang 2018 Organising other experts. Committee (POCOG) and INTERPOL, Working together since a Memorandum set up a Joint Integrity Unit to facilitate To complement the toolkit and ensure of Understanding was signed in exchange of intelligence between the that athletes, their entourages and January 2014, the IOC and INTERPOL IOC and Korean law enforcement other individuals understand the core have widened the scope of their joint regarding all matters of integrity components of this sensitive topic, activities to better tackle competition in line with the Olympic Winter Games. a free, summarised IOC Athlete manipulation in sport, with a focus on Furthermore, in 2017, the Olympic Unit Safeguarding e-learning course was prevention and training through the on the Prevention of the Manipulation of developed and launched on the IOC Global Integrity in Sport Capacity Competitions implemented a robust Athlete Learning Gateway. Building Programme. pre-Games education programme with all the Winter Olympic IFs, including Since its launch, the toolkit has received Jointly, the two organisations have athletes and officials. widespread media coverage. A number of undertaken workshops around the 080 sports organisations have been proactive world to develop the valuable skills IOC World Conference on in using the toolkit to begin to develop needed to combat competition Prevention of Injury and Illness in Sport policies and procedures. manipulation and other related issues. These workshops have been targeted at The IOC World Conference on Athlete safeguarding at the Olympic NOCs, IFs and National Federations Prevention of Injury and Illness in Winter Games PyeongChang 2018 (NFs), law enforcement, governmental Sport took place in Monaco on entities and betting regulators. In 2017, 16-18 March 2017. The conference Following a successful introduction at workshops on competition manipulation brought together recognised scientists the Olympic Games Rio 2016, plans were were held in Abu Dhabi (UAE), Brisbane and practitioners from the medical put in place to initiate the IOC Games-time (Australia), Copenhagen (Denmark), and sports worlds to share their latest framework to help safeguard athletes and Seoul (Republic of Korea) and findings through keynote lectures, other participants from harassment and West Africa. INTERPOL has also symposia, workshops and interactive abuse at the Olympic Winter Games strengthened its Match-Fixing Task dialogue sessions. PyeongChang 2018. Force, which currently includes police members from 78 jurisdictions. The total attendance included more As part of the framework, IOC educational than 1,200 direct participants from materials and other information regarding As with previous editions of the 96 countries, including 125 speakers harassment and abuse were to be made Olympic Games, the IOC, in conjunction from 21 countries. The conference available in the Athlete365 Space in the Olympic Villages. An IOC Safeguarding Officer, present at the Olympic Village during Games time, would be responsible for following up on all alleged incidents of “BY DEVELOPING RELATIONSHIPS OF UNDERSTANDING, harassment and abuse. A reporting CONFIDENCE AND TRUST BETWEEN SPORT AND POLICE, process via several channels, including WE ARE ENABLING BOTH THE PREVENTION AND a hotline, would also be established, with INVESTIGATION OF COMPETITION MANIPULATION.” all reports through any channel referred to the IOC Safeguarding Officer. JÜRGEN STOCK INTERPOL SECRETARY GENERAL
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helped to facilitate the transfer of covering topics from athlete prevention research, leading directly academic knowledge to the field of play surveillance and injury prevention to safer sports for the athletes. in order to minimise risk factors in sport to the imaging of sports injuries. and maximise safe sports participation Sports Medicine and Protection for athletes. IOC Research Centres for of Clean Athletes Programme Prevention of Injury and IOC Medical and Scientific Protection of Athlete Health The 2017-2020 Olympic Solidarity- Research Fund funded Sports Medicine and Protection In October 2017, the IOC named of Clean Athletes Programme has been As part of its commitment to the the United States Coalition for the made available to all NOCs to help them protection of athletes’ health, the IOC Prevention of Illness and Injury in Sport disseminate knowledge, upskill the launched the IOC Medical and Scientific as the 10th IOC Research Centre for sporting community and run activities in Research Fund in July 2017, calling on Prevention of Injury and Protection of the field of sports medicine, particularly researchers to apply for support and Athlete Health. with regard to the protection of the funding of athlete-centred projects. health and integrity of clean athletes and Partnering with selected research the prevention of injury/illness in sport. Following the launch, 18 applications centres around the world has allowed By the end of 2017, 12 projects across were received and reviewed by an the IOC to develop an international four continents had received funding, expert panel. Six research projects network of expert scientists and resulting in a total of 74 training were ultimately selected for funding, clinicians in sports injury and disease opportunities and 20 seminars.
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PROMOTING OLYMPISM IN SOCIETY CONTENTS
Olympic Channel
Since launching in August 2016, By the end of 2017, more than content includes simple games, the Olympic Channel has provided an 82 per cent of those engaging with interactive maps, personal avatars and important platform for engaging younger Olympic Channel content on social ancillary content that complements the generations, fans and new audiences media were under the age of 35, channel’s original programming. with the Olympic Movement, while up from 77 per cent in 2016. The also highlighting the relevance of the Olympic Channel’s social media Original programming and live sport Olympic values in today’s society and following had reached more than showcasing Olympic sports and athletes 6.6 million across Facebook, Twitter, At the end of 2017, the Olympic Channel beyond the Olympic Games. Instagram, YouTube and Weibo by featured more than 9,500 pieces of video the end of the year, further highlighting content representing all Olympic sports Engaging young people its appeal to young people. and 206 National Olympic Committees (NOCs), and had achieved more than The Olympic Channel continues to In a further effort to engage and entertain 1.2 billion video views. During the year, reach fans and younger audiences young users, the Olympic Channel added 15 original series premiered on the 084 where they consume content and interactive content to its global digital Olympic Channel, taking the total number how they want to consume it by platform in 2017, offering a chance to of original series available on the platform offering a feature-rich product explore new content formats and to more than 35. The year also featured a across multiple platforms. multimedia storytelling. This interactive total of 725 live transmissions covering 135 events, delivered in collaboration with 63 federation partners (including International Federations (IFs), IOC-recognised IFs and multi-sport organisers/organisations).
The live transmissions included round-the-clock coverage of July’s World Games 2017 in Wroclaw, Poland, through a dedicated 24/7 online channel. This Continued growth in 2017 dedicated channel was available on the Olympic Channel global digital platform and its mobile apps, and was distributed 15 new original 9,500 via 130 broadcasters to a worldwide series video clips audience of over 94 million viewers.
Broadening the reach 6.6 million 82% social engaging on of the Olympic Channel 1.2 billion media social media aged under 35 video views followers Already available 24 hours a day, 365 days a year, at www.olympicchannel.com live transmissions 94 million worldwide audience and via mobile apps for Android and 725 of 135 events for the World Games 2017 iOS devices, the Olympic Channel also established linear distribution partnerships in 2017 with NBCUniversal
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS PROMOTING OLYMPISM IN SOCIETY
and the United States Olympic Committee (USOC) in the United States, Discovery Communications/Eurosport in Europe, and beIN Sports in the Middle East and Northern Africa.
These strategic partnerships with Rights-Holding Broadcasters (RHBs) and NOCs offer users region- and language-specific experiences on linear and digital platforms in specific territories, which result in Olympic fans around the world enjoying a more personalised experience. 085 In addition to these localised offerings, the Olympic Channel has also focused on adding more languages to its own global digital platform, ensuring that more fans around the world are able to discover and explore its content. Following its initial launch in English only, an additional 10 languages – Arabic, Chinese, French, German, Italian, Japanese, Korean, Portuguese, Russian and Spanish – were made available by April 2017. In addition, premium content is subtitled in 11 languages.
Athlete-focused programming
The Olympic Channel’s overall mission is to reach younger generations and historical footage and official IOC films. Winter Games PyeongChang 2018. fans through content that strengthens Across all these strands, the athletes are These plans included exclusive their connection to the Olympic at the heart of the programming, athlete interviews, daily news and Movement outside of the Games. providing additional global exposure social media coverage of events, To fulfil this mission, the scope of the outside of competition. qualifications, team presentations, channel’s original programming covers behind-the-scenes content, original a diverse array of subjects, including As part of this athlete-focused content, the programming, breaking news and training, educational and youth-oriented Olympic Channel developed plans during interactive games that, in the words topics, sustainability, sports science and 2017 to help fans follow the stories behind of the channel, “Go Beyond” nutrition, healthy and active lifestyles, the sports and athletes at the Olympic the competition.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 PROMOTING OLYMPISM IN SOCIETY CONTENTS
Social Development through Sport
Olympic Refuge Foundation
Following a decision by the IOC Executive Board in December 2016, the Olympic Refuge Foundation was launched in September 2017. The foundation was created to pursue the work undertaken throughout the Olympic Movement over recent years to support refugees around the world.
The foundation’s goal is to create safe, basic and accessible sports facilities in areas where there are refugees, a 086 displaced migrant population and internally displaced people. Working closely with the UN Refugee Agency (UNHCR) – the foundation’s Vice Chair is Filippo Grandi, UN High Commissioner for Refugees – and with the relevant partners and local authorities on the ground, the foundation will develop sporting activities and social development projects that can be implemented in a sustainable way within such safe environments.
During the foundation’s first-ever Board meeting, chaired by IOC President Thomas Bach in December 2017, the foundation’s operational framework and scope of activities were approved, allowing it to go forward with the creation of the first safe spaces. Starting in 2018, and working in close collaboration with both UNHCR and the relevant international partners and local authorities on the ground, the foundation will begin implementing programmes and allocating grants through the generous donations of Olympic Movement partners, governmental institutions and private donors.
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OLYMPIC MOVEMENT SUPPORT FOR REFUGEES
The IOC has a long history of offering improve the lives of refugees and The IOC is again partnering with support to refugees, having partnered displaced people around the world. UNHCR and local authorities on the with the UNHCR, the UN Refugee ground for this initiative, more details Agency, since 1994. This support “We have already been working together of which can be found opposite. reached new heights at the Olympic for 20 years, and we want to extend and Games Rio 2016 with the participation expand our cooperation,” said President Also in 2017, Olympic Solidarity of the first-ever Refugee Olympic Bach. “This partnership helps us to put launched a new Refugee Athlete Team, which was created by the IOC sport at the service of humankind.” Support programme, designed to to help highlight the plight of refugees identify and support refugee athletes, around the world. The IOC continues to pledge its support helping them to prepare for and 087 to refugees in a variety of ways. In 2017, participate in international competitions. In March 2017, IOC President this included the launch of the Olympic Assistance is available to NOCs of all Thomas Bach and UNHCR High Refuge Foundation to support the countries that are hosting refugees and Commissioner Filippo Grandi reaffirmed protection and empowerment of want to join the IOC in its efforts to their commitment to a number of vulnerable displaced people through support and protect athletes from all upcoming initiatives using sport to sport by the creation of safe spaces. nations and backgrounds.
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Sport for Protection in Rwanda inspire the world. The spots were shown by 14 RHBs across 76 markets. Working with UNHCR and the Rwanda NOC in 2017, the IOC began supporting Fight for Peace a project to improve the protection of refugee children and youth residing The IOC’s support of Fight for Peace, in Rwanda’s six refugee camps – a non-governmental organisation (NGO) FIGHT FOR PEACE Gihembe, Kigeme, Kiziba, Mahama, located in the Complexo da Maré favela Mugombwa and Nyabiheke – through in the Brazilian city of Rio de Janeiro, 3,700+ various sporting activities. continued in 2017 with the funding of Young people supported the Community Champions project, The project’s overall objective is to which supports access for thousands better protect refugee adolescents of children and young people to boxing, 77% and young adults at the camps by judo, taekwondo, jiu-jitsu and capoeira, Supported through Olympic sports 088 offering them sporting activities, as well as their personal development. contributing to ensuring their safety As part of the project, which ran until and security where they play. the end of 2017, workshops for coaches 30% from other low-income communities Increase in number of young people Become the Light in Rio de Janeiro taught them the supported thanks to IOC grants Olympic values. In November 2017, the IOC launched a global brand campaign that aimed Since the project began, Fight for Peace to demonstrate how the inspirational has reached and supported more achievements of athletes and the than 3,700 young people through a Olympic spirit can motivate people combination of boxing and martial arts around the world to “Become the Light” with personal development sessions, and act as beacons of positivity. of whom more than 2,850 (77 per cent) were supported through Olympic Supporting its vision of building a sports. Since the IOC’s grant began better world through sport, the IOC providing support, the number of young transformed this positivity into light by people supported in these sports providing sustainable, solar-powered through the new engagement strategy lighting solutions for the Mahama has increased by over 30 per cent. Refugee Camp in Rwanda through a partnership with UNHCR. Fight for Peace has also successfully engaged with boxing and martial arts The campaign included a series of coaches from across Rio de Janeiro inspirational films that featured athletes for methodology training and delivery, emanating light while competing in with support from the Brazilian winter sports. The “light” represents Olympic Committee and sports the Olympic values and the shining federations. A total of 100 coaches examples of the athletes who have so far been trained in two
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THE IOC AND UNHCR HAVE TEAMED UP ON A NEW PROJECT IN RWANDA
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 PROMOTING OLYMPISM IN SOCIETY CONTENTS
groups, one group in 2015 and the other in 2017, with outstanding results. PROTECTING CHILDREN AND YOUNG PEOPLE IN COLOMBIA The number of applicants far exceeded the number of available Since 2016, the IOC and UNHCR week; local sports tournaments; training positions, showing the have jointly funded a sport-based and workshops and educational growing demand for training and programme in Colombia focused sessions focused on areas such qualifications among volunteer on helping Internally Displaced as conflict resolution, sexual and coaches who are delivering sports People (IDP) in the aftermath of reproductive health, leadership, activities for young people in the country’s civil war. and teamwork and sports communities affected by crime activities. Sports facilities in and violence across the city. Aimed at protecting young people both areas have been improved and children from the risks of and refurbished, and sports Young Change-Makers+ 090 armed conflict and other forms of equipment and branded uniforms violence, the project is based in have been distributed. In 2017, the IOC celebrated the second the Quibdò and Buenaventura successful year of its Young Change- areas of the Pacific region of Furthermore, 177 other members Makers+ (YCM+) Programme, with a Colombia, which is home to of the communities – including team of young social entrepreneurs one-third of the country’s IDPs. sports coaches, teachers, using sport to deliver 18 ground-breaking leaders and caregivers – received and life-changing projects worldwide. So far, 1,350 children and young support and capacity-building people have benefited directly guidance, which will result in an These 18 initiatives, which all successfully or indirectly from the project. increased ownership for their received funding of up to CHF 5,000 Activities include indoor football, protection roles and an improved from the IOC, included a sports initiation basketball and volleyball protective environment for programme aimed at promoting peace in sessions, held three days each children and young people. Colombia, a judo weekend for young girls in Estonia and an inclusive sports event designed to empower young disabled athletes in Botswana.
In total, YCM+ projects reached over 8,500 young people in 2017, and the programme’s ongoing mission is to make a sustainable impact on young people's lives.
To celebrate the impact of the programme, which is supported by Worldwide Olympic Partner Panasonic, 18 YCMs+ hailing from four continents attended the IOC Youth Summit in Lausanne
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS PROMOTING OLYMPISM IN SOCIETY
in November 2017 to exchange ideas with IOC President Thomas Bach and discuss youth empowerment and BRINGING THE OLYMPIC VALUES TO RIO’S FAVELAS social entrepreneurship.
Sport for Hope Selected as Brazil’s Young a talk by three Brazilian YOG Change-Maker at the Winter athletes. There were workshops The Sport for Hope Centre in Haiti, YOG Lillehammer 2016, 24-year- about leading healthy lifestyles, a which opened in July 2014, continues old Krishna Memere is spreading theatre of Olympic history where to develop, bringing together 500 the Olympic values in the favelas children could learn more about children on a daily basis to practise of Rio de Janeiro as part of the the Games, and an oral hygiene the 14 sports on offer. In addition, the IOC’s YCM+ programme. area where four dentists provided centre’s schools programme expanded fluorine-preventative treatment its reach in 2017 to benefit more than Using the funding she received and distributed dental kits. 1,600 students from 43 local schools from the IOC, Memere launched 091 every week, up from 839 students from a project called United by Sport, In total, 56 local children aged 36 schools in 2016. which is based on the principles between three and 14 benefited of inclusion and the Olympic from the programme, which was The fourth edition of the centre’s values. The project’s first initiative run by 17 volunteers. summer camp, organised during the took place in a favela in Rio de five weeks of the school holidays in Janeiro in June 2017, and was July and August 2017, also reached over largely based on what Memere 1,500 children by helping them to play had seen during the Learn & sport and educate them on the Olympic Share programme at the Youth values. For the first time, the children Olympic Games (YOG). in 2017 came from all regions of Haiti. Furthermore, every child practising The activities involved a judo sport at the centre is served a demonstration from Brazilian nourishing meal, which adds up to judoka Wagner Lyrio, an around 13,000 meals served per month. embaixadinhas (keepy-up) competition for the children, and The Sport for Hope Centre in Zambia, known as the Olympic Youth Development Centre, is also well “I BELIEVE SPORT CAN HAVE A LIFE-CHANGING established, and continues to provide numerous sporting activities and IMPACT ON THE LIVES OF YOUNG CHILDREN programmes. Among those to AND TEENAGERS, AND THAT COMMUNITIES CAN have benefited from the centre are BELIEVE IN A BETTER FUTURE THROUGH AN Zambian sprinters Kabange Mupopo and Sydney Siame, who both competed UNDERSTANDING OF THE OLYMPIC MOVEMENT.” at the IAAF World Championships in KRISHNA MEMERE YOUNG CHANGE-MAKER London in 2017.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 PROMOTING OLYMPISM IN SOCIETY CONTENTS
Young Change-Makers+
ER IC M Projects in 2017 IT C H E L L
“ON BEHALF OF THE IOC, I WANT TO THANK YOU ALL FOR DELIVERING SUCH INCREDIBLY INSPIRING PROJECTS.”
THOMAS BACH IOC PRESIDENT
Canada Youth Olympic Games Outreach Eric Mitchell
USA 092 Young Women’s Leadership Academy Erin Kennedy
USA Sport Hopes Kate Anderson
Guatemala United Play Gabriela Matu
Colombia Trinidad & Tobago The Olympic Workshop Healthy and Active Living Project Juan Sanchez Jeanette Small
Brazil JE AN E Olympic Values T T E for Orphan Children S M A Krishna Memere L L Brazil Ski Na Rua Pedro Cavazzoni
Chile Tu Deporte Josefina Salas
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N IC K Y V A N Estonia R O S Judo for Minority Groups S E Laura Maria Tiidla M YOUNG CHANGE-MAKERS+ Belgium Anti-Doping Programme Nicky van Rossem 2nd Year of the programme Czech Republic Inspirational Day Lucie Tuzova 18 Projects
16 Countries
8,500 Young people reached in 2017
093 Republic of Korea Give Youth a Voice Da-Hye Kim
Republic of Moldova Women’s Karate Festival Ana Maria Stratu
Ukraine #OlympicLab Vira Perederii
Mauritius Sport to Live
Valéry de Falbaire M O T H U S I Zambia J O H V Girls Mentorship Programme N A LÉ R R A Y Samantha Miyanda M D E A F A
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CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 PROMOTING OLYMPISM IN SOCIETY CONTENTS
OlympAfrica FutbolNet Cup
OlympAfrica Centres Supported by the IOC and the FC Barcelona Foundation, the fifth edition of The support of Olympic Solidarity’s the OlympAfrica FutbolNet Cup was held Continental Programmes helps the in June 2017 in the 41 community centres Olympafrica Foundation to provide NOCs that the OlympAfrica Foundation runs with low-cost sports facilities, and to across Africa. promote social development and the empowerment of young people in The programme helped nearly 85,000 disadvantaged communities. children aged 12-15 to compete in football tournaments where girls and In May 2017, President Bach visited the boys play together to win matches not OlympAfrica centre in Boane, an hour only by scoring goals, but also by 094 from Mozambique’s capital. One of 44 applying the values of sport such as centres throughout the continent, the respect, team-building and fair play centre provides sports and recreational during the game. This double measure facilities and training for thousands of ensures that the young players truly local children, and also offers basic embody the Olympic values and healthcare and educational facilities. become ambassadors of the sporting It even provides employment for the movement within their communities. local economy, with a local business producing and selling school uniforms. In the framework of this programme, the Zambia NOC and the OlympAfrica President Bach saw the children in class, centre in Lusaka hosted a regional and played football with a group of them. tournament on 10-11 June 2017, which The centre, which has plans to expand to brought together children from the include a sports training centre, has OlympAfrica centres in Malawi, basketball courts, football pitches and a Mauritius, the Seychelles, Zambia basic athletics running track. and Zimbabwe.
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095
THE 5TH OLYMPAFRICA FUTBOLNET CUP TOOK PLACE IN 2017
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 PROMOTING OLYMPISM IN SOCIETY CONTENTS
Promoting Women in Sport
In 2017, the IOC launched a comprehensive Leadership Forum and two continental where 1,999 female athletes are set review of gender equality in the Olympic forums; and once more highlighting the to compete alongside 1,999 male Movement, aimed at raising awareness work of others through the IOC’s annual athletes. In November 2017, the and developing tangible recommendations Women and Sport Awards. President also welcomed seven and guidelines for actions. For more Young Change-Makers+, six of whom details, see below. As it works towards its goal of 50 per are women, as new members of various cent female participation at the Olympic IOC commissions. The IOC also continued to promote the Games, the IOC continued to work role of women in sport through advocacy, closely with IFs to increase opportunities In this regard, the IOC continues to set education and partnerships, with activities for female athletes to participate at the an example for other sporting bodies including the renewal of its Memorandum Games through the introduction of new by increasing the number of women of Understanding with United Nations (UN) events and other changes to the sports in decision-making positions. Female Women; the launch of the Advancing programme. This goal will now be representation on IOC commissions Women in Leadership online platform; achieved for the first time in Olympic has now risen to 38 per cent, a historic 096 co-organising the second IF Women in history at the YOG Buenos Aires 2018, high that equates to a 70 per cent increase since 2013. In 2017, women held 29 more positions across the IOC’s 26 commissions than they did in 2016, with female members present on each commission.
In support of this effort, the IOC Executive Board issued a decision in December 2016 requesting members of the Olympic Movement to set a minimum target of 30 per cent female representation in their governing bodies by 2020, and to adopt accompanying measures that will help them to reach this goal.
IOC Gender Equality Review Project
March 2017 saw the launch of the IOC’s major review project regarding gender equality in the Olympic Movement. A joint initiative of the IOC’s Women in Sport and Athletes’ Commissions, the IOC Gender Equality Review Project was designed to raise continued awareness of the importance of gender equality within the Olympic Movement, share best practices and present initiatives to further advance CONTENTS PROMOTING OLYMPISM IN SOCIETY
THE GROWTH OF FEMALE PARTICIPATION AT THE OLYMPIC SUMMER GAMES international development agenda. It will also promote and support women’s equal access and participation, resource allocation and leadership in sport. 21.5% 22.9% 26.1% 28.9% 34% 38.2% 40.7% 42.4% 44.2% 45.4% 48.8% With this cooperation, the IOC and UN Women further aim to encourage women and girls’ activities at grass-roots level through sustainable sports programmes, particularly by targeting girls in vulnerable communities; Moscow Seoul Atlanta Athens London Tokyo 1980 1988 1996 2004 2012 2020 and to use the power of sport, including leveraging large-scale sporting events as advocacy platforms and athletes Los Angeles Barcelona Sydney Beijing Rio 1984 1992 2000 2008 2016 as role models, to change harmful 097 gender-based stereotypes and norms. The expertise of UN Women will also be Chart shows the percentage of female athletes at each edition of the Olympic Summer Games since 1980 instrumental in the implementation of the recommendations stemming from the Gender Equality Review Project.
One Win Leads to Another gender equality on and off the field of play. Partnership with UN Women Together with Women Win, the IOC Five essential themes – Sport, Portrayal, and UN Women have been implementing Funding, Governance and Human After five years of successful collaboration One Win Leads to Another, an Resources – were assessed by a working on women and sport, the IOC and innovative joint programme to empower group that was chaired by Marisol UN Women renewed their commitment young women and girls through Casado, IOC Member and President of through a second Memorandum of sport, as a legacy project of the the International Triathlon Union (ITU). Understanding (MoU) in November Olympic Games Rio 2016. The working group included other IOC 2017. The MoU lays out the vision for Members, along with representatives of the two organisations’ next five years The programme initially targeted NOCs and Summer and Winter IFs. of partnership, which will empower 2,500 girls aged 12-14 in disadvantaged women and girls through sport and areas of Rio de Janeiro, using a The working group then developed a increase women’s leadership and series of sports programmes to build series of bold recommendations and gender equality. leadership skills. The project also guidelines focused on achieving tangible created safe spaces for girls to break results to strengthen gender equality The next phase of cooperation will social barriers and equipped them across the entire Olympic Movement. contribute to the mainstreaming of sport with basic economic skills, increased These recommendations and guidelines and physical activity as a tool for girls’ knowledge of their bodies and the were subsequently approved by the and women’s empowerment, education confidence to access services in the IOC Executive Board in February 2018. and health in public policies and the event of violence.
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Following the success of the pilot IF Women in Leadership Forum Combining training and mentoring project, the programme has now sessions by two experts with successfully been implemented Held in conjunction with International panel discussions, the 2017 across the state of Rio de Janeiro. Women’s Day in March 2017, the IOC gathering aimed to identify concrete It is set to be expanded to other states co-organised the second IF Women in measures to increase development and cities in Brazil in the hope that Leadership Forum with the Association opportunities and the recruitment it will serve as a model that can be of Summer Olympic International of women in decision-making rolled out internationally. Federations (ASOIF). positions at all levels of sport, including management, coaching Advancing Women in Sport Under the theme Time to Run, and officiating positions. the three-day forum provided a In October 2017, the IOC launched unique opportunity to help prepare Held in Lausanne, Switzerland, the Advancing Women in Sport online a large number of women in the forum welcomed 65 participants platform. This collaborative learning middle and senior management representing all five continents, 098 community aims to connect and inspire positions in NOCs, National 28 Summer IFs and two Winter women in sport, and to provide useful Federations (NFs) and other IFs, and ended with a commitment resources for leaders who support international bodies to stand for from all participants to work gender equality. election to leadership positions. together and strive for greater female leadership in sport.
Advancing Women in Leadership Roles Forum for Europe
In October 2017, the IOC and the Lithuania NOC co-hosted a forum designed to foster women’s leadership in sport. The Advancing Women in Leadership Roles Forum for Europe provided a platform for European sports leaders to discuss how to improve gender equality in sports leadership, as part of the IOC’s commitment to equal participation by women in sport more broadly.
During two days of panel discussions led by European sports leaders and gender equality experts from outside the Olympic Movement, speakers, including IOC President THE 2ND IF WOMEN IN LEADERSHIP FORUM
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS PROMOTING OLYMPISM IN SOCIETY
Thomas Bach, and participants made the case for gender equality in leadership, and shared practical ideas for engaging more women and men in the discussion and in practice.
Advancing Women in Leadership Forum for Asia and Africa
The IOC organised the Advancing Women in Leadership Forum for Africa and Asia, which took place in Kigali, Rwanda from 9 to 11 August 2017. Co-hosted with the Rwanda NOC, the forum brought together 099 251 participants from 71 NOCs across Africa and Asia to discuss ways in which gender equality can be promoted within the
Olympic Movement. THE IOC WOMEN AND SPORT AWARDS 2017
The forum ended with participants calling upon sports leaders to take up the role of gender equality champions and to keep gender IOC Women and Sport Awards Trophy for her tireless and long-standing equality high on their agendas. They efforts to promote gender equality in also called on sports organisations On 9 November 2017, the IOC Women sport and society. The award was to promote gender equality as a and Sport Awards honoured six presented by Thomas Bach, the good governance principle and to role models and change-makers in IOC President, in the presence of set up special measures to ensure advancing women in and through sport. Lydia Nsekera, an IOC Member and electoral processes that allow for Finland’s Birgitta Kervinen was awarded the Chair of the IOC’s Women in Sport diverse representation. the IOC’s Women and Sport World Commission, at a gala organised at the Palais de Beaulieu in Lausanne.
In addition to the Women and Sport World Trophy, five continental “EACH WINNER [OF THE IOC WOMEN IN SPORT AWARDS] trophies were awarded to Lidé HAS SHOWN WHAT CAN BE ACHIEVED BY THOSE Anne Ouoba Zoma (Burkina Faso), WHO ARE COMMITTED TO EMPOWERING WOMEN Patricia Sangenis (Argentina), the AND GIRLS THROUGH SPORT.” Japanese Women’s Tennis Federation, Androulla Vassiliou (Cyprus) and LYDIA NSEKERA CHAIR OF THE IOC WOMEN IN SPORT COMMISSION Judy Otto (Palau).
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 PROMOTING OLYMPISM IN SOCIETY CONTENTS
Sport and Active Society
Olympic Day the support of Olympians around the Skateistan uses skateboarding to world to reach out to millions of fans. provide young people in Afghanistan The international sports movement Olympic medallists Simone Biles, with a positive outlet and escape once again marked Olympic Day Martin Fourcade, Yuna Kim, Mariana from the realities and stresses of on 23 June in 2017. An estimated Pajón, Justin Rose and PV Sindhu all their environment. The grant will six million people around the world got involved, as did football stars enable Skateistan to expand its core took part in activities designed to Ronaldo and Carles Puyol. programmes in Afghanistan and promote participation in sport and allow over 1,000 disadvantaged young living a healthy and active lifestyle. Sport and Active Society Afghans, 50 per cent of whom are Development Grants female, to access free skateboarding In collaboration with their NFs and and educational programmes. local authorities, often leveraging In November 2017, the IOC announced the power of their Olympians, more Skateistan, Help Age International Help Age International Tanzania is part than 140 NOCs held educational, Tanzania and Pro Sport Development of a global network of organisations 100 cultural and sporting activities in (PSD) as the latest winners of its promoting the rights and well-being of their territories to encourage their Sport and Active Society Development older people, working with active ageing communities to be active and spread Grants. Worth USD 25,000 each, clubs to promote healthy ageing through the Olympic values. these grants are awarded to inter-generational physical exercise. The grass-roots organisations running non-profit organisation will use the IOC’s Also during 2017, the Olympic effective sport-for-all programmes in grant to strengthen its collaboration with Movement’s digital platforms leveraged different regions across the world. and support for the active ageing clubs in order to increase participation and inter-generational exchange.
SKATEISTAN, RECIPIENTS OF A SPORT AND ACTIVE SOCIETY DEVELOPMENT GRANT PSD works at the grass-roots level by developing sports and sports-based programmes for marginalised and underprivileged young people in India. The development grant will help PSD expand its community sports programme in eastern India in order to benefit more young people living in slum settlements through the provision of sports equipment, upgrading sports infrastructure and training coaches.
Global Active City
Supported by the IOC and launched in October 2017, the Global Active City programme aims to promote well-being and physical activity for all in cities CONTENTS PROMOTING OLYMPISM IN SOCIETY
around the world. The programme is run by the Active Well-being Initiative (AWI), a Switzerland-based NGO created as USING SPORT TO TACKLE GENDER-BASED VIOLENCE a partnership between the Association for International Sport for All (TAFISA) and Evaleo, an NGO specialising in Shooting Touch, a Boston-based of the field of play and the development and the promotion of sport-for-development non-profit captive audience to use the well-being and sustainable health. organisation, was among the event as a platform to raise winners of the IOC’s Sport and awareness of gender-based The Global Active City programme Active Society Development violence. Mobilising the players includes standards, supporting tools Grants programme in 2016. and spectators, four speakers, and training modules designed to enable The organisation uses basketball both women and men, spoke cities and their leaders to take concrete to educate and empower young about gender-based violence steps towards enhancing the well-being people around the world. and sexual assault, identifying of their populations. In due course, cities strategies and tactics that 101 can obtain the Global Active City label to In 2017, Shooting Touch put victims and others can use illustrate the quality and effectiveness of its grant to good use with the to prevent and respond to their projects in this area. organisation of a 3x3 basketball such behaviour. tournament to tackle gender- The programme has so far proved based violence. Held on In addition, members of the successful in improving the health of 21 January in the village of organisation distributed some the inhabitants of its first pilot cities, Kayonza in eastern Rwanda, 300 information pamphlets to and in increasing participation in sport the tournament brought players and spectators, while and physical activity for the most together 100 players and other participants distributed sedentary among them. From October around 300 spectators, among magazines, notebooks and 2017, the programme invited all cities them members of the media, bracelets. A survey conducted around the world to join the initiative players from the national at the end of the tournament and become Global Active Cities. basketball team, health to assess what information practitioners and local Shooting participants had retained The IOC has supported the AWI Touch partner organisations. about gender-based violence since the early days of its development Organisers took advantage showed encouraging results. in 2013. The programme is fully in line with the philosophy of Olympic Agenda 2020, which seeks to strengthen the place of sport and the Olympic values “THE SUPPORT AND ENDORSEMENT FROM in contemporary society; to mobilise THE IOC HAS BEEN SO HELPFUL IN SUSTAINING young people; and to foster partnerships AND BUILDING OUR CAPACITY IN RWANDA.” to address the lack of physical activity and the increasing problems caused LINDSEY KITTREDGE SHOOTING TOUCH by sedentary lifestyles. The IOC’s partnership with the AWI will help to achieve these goals.
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Culture and Education
Olympic Values Education Programme By the end of 2017, the revised Toolkit The Olympic Museum had been downloaded more than Following the launch of a revamped 1,300 times, as well as receiving The Olympic Museum enjoyed a edition of its Olympic Values Education 31,800 online page views. strong non-Games year by welcoming Programme (OVEP) Toolkit in October nearly 270,000 visitors, representing 2016, the IOC has focused on translating The OVEP Train the Trainer programme a 25 per cent increase from before the the materials into additional languages hosted several workshops in 2017, 2014 renovations. to further their impact. The materials are bringing together educators from around currently available in English and French, the world. These sessions have made it In particular, there was strong growth in and there are plans to translate them into possible to reach more than 20 million the number of group visits and young Arabic, Chinese, Russian and Spanish. children in 10 years, over and above visitors. In total, young people aged under Discussions are also ongoing for those education programmes linked to 16 represented approximately one-third of translation into Hebrew and Lithuanian. different editions of the Olympic Games. all visitors. There was also a significant
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VISITORS TO THE OLYMPIC MUSEUM IN LAUSANNE
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increase in the number of visitors requests in 2017 – a 125 per cent promote research into key topics related from Asia. The response to the three increase compared with 2015. There to the Olympic Movement, enriching the themed programmes held in 2017 – was also a significant increase in the world’s Olympic knowledge. on stadiums, sports photography and number of visitors to the site for a PyeongChang – was extremely positive, non-Games year, representing an 85 per International art and and the museum also came second in cent increase compared with 2015. culture programmes Switzerland for TripAdvisor’s Travellers’ Choice Awards 2017. In addition, the 12-year programme The Culture Hub continues to provide to restore and preserve 80 years of a one-stop shop for both Olympic and The Olympic Museum continued Olympic films, which was completed non-Olympic cultural institutions around to increase its digital reach during in 2016, received the prestigious the world looking to organise exhibitions 2017, with over 200,000 visitors to FOCAL International Award for Best and events related to Olympic culture www.olympic.org. There was also Archive Restoration & Preservation and history. In 2017, it responded to progress in the circulation of content on Project in 2017. more than 250 requests and concluded social networks, specialised educational 124 projects, helping to reach an 103 sites, the Google Cultural Institute and The Olympic Studies Centre estimated audience of around 1.2 million other cultural platforms. people who were engaged with the The Olympic Studies Centre (OSC) Olympic Movement. Heritage management successfully launched the Olympic World Library, its new digital platform, in 2017. In addition, the global network of Olympic During 2017, around 500 new artefacts The platform received nearly 500,000 Museums has now grown to 29 members and documents, as well as over page visits during its first year. spread over four continents following the 12,000 photos and 500 hours of Furthermore, the OSC responded opening of the Musée Olympique et video, were integrated into the IOC’s to some 2,400 information requests Sportif Algérien in Algiers, Algeria – the collections, helping to preserve the throughout the year and held more than first African museum in the network. heritage of the Olympic Games and 1,000 on-site consultations. the Olympic Movement. In response to Olympic Agenda 2020, the During 2017, eight grants were allocated Olympic Art Project continues to further Among the artefacts acquired in 2017 through the PhD research programme blend sport and culture. In 2017, the were the gold medal awarded to out of a total of 23 individual applications project included the release of the official American sprinter Jim Hines for the from 20 countries. Seven grants were film of the Olympic Games Rio 2016, 4x100m relay at the Olympic Games also allocated through the 2017/18 which had its world premiere at the Tokyo Mexico City 1968, and competition edition of the advanced Olympic International Film Festival in October and outfits worn by Rio 2016 Olympians research programme, from a total of has since been shown at festivals and on Simone Biles (four-time Olympic 24 group and individual applications the Olympic Channel. champion, USA, gymnastics) and representing 60 researchers from Yusra Mardini (Refugee Olympic 20 countries. During 2017, artists were briefed to create Team, swimming). the official posters for the Olympic Winter The OSC’s efforts to facilitate Games PyeongChang 2018, while Korean The Olympic Multimedia Library (TOML) communication and cooperation filmmaker Seungjun Yi was chosen to also continues to grow, with the online between the IOC and the international direct the official Games film, entitled platform receiving over 5,000 content academic community continue to Crossing Beyond.
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FINANCIAL STATEMENTS CONTENTS
IOC Financial Statements 2017
The IOC is a non-profit association To ensure the credibility of the 90% of IOC revenue is redistributed committed to leading the Olympic Olympic Movement, its values Movement and contributing to building and its mission, the IOC strives The IOC distributes 90% of its revenue a better world through sport. Its operations to demonstrate good governance of an Olympiad in order to support the are based on four-year periods called in all of its practices. This includes staging of the Olympic Games and Olympiads, during which both a Winter increasing the transparency of its promote the worldwide development and a Summer Olympic Games and Youth operations, which is one of the of sport and the Olympic Movement. Olympic Games are held. The most recent recommendations outlined in The IOC retains only 10% of Olympic completed Olympiad covered the period Olympic Agenda 2020. revenue for IOC activities to develop 2013-2016. The Olympiad currently under sport and to cover the operational costs review covers the period 2017-2020. Therefore, although the IOC is under of governing the Olympic Movement. no legal obligation to apply International IOC Financial Statements 2017 Financial Reporting Standards (IFRS), IOC sources of revenue it strongly believes that to do so will 106 Thanks to the successful 2013-2016 help it to achieve more transparency, The IOC, and the organisations within the Olympiad, the IOC is in a position to comparability and high quality in its Olympic Movement, are entirely privately distribute more revenue than ever before. financial statements. funded. The IOC’s strong financial foundation is driven by its partnerships with sponsors and broadcasters, which provide sustainable revenue streams to IOC REVENUE DISTRIBUTION (%) ensure the independent financial stability of the Olympic Movement. The continued growth of these partnerships supports 90% the IOC’s objectives of promoting Distribution, Olympic the worldwide development of sport, Games, promotion of supporting the staging of the Olympic Olympic Movement Games and assisting in the global promotion of the Olympic Movement.
The figures in the financial statements and tables have been rounded; totals may therefore deviate from the 10% sum of the individual items. The figures 0 and 0.0 are IOC activities to rounded values representing less than half of the unit develop sport and used, yet more than zero (rounded zero). A dash (–) operations of the IOC in place of a number stands for zero (absolute zero).
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
IOC REVENUE 2013-2016 73% 5% Broadcasting rights Other revenue
4% 18% Other rights TOP programme marketing rights
Source: IOC’s audited financial statements 107
The IOC generates revenue through IOC TOTAL REVENUE (IN BILLIONS OF USD) several programmes, including the sale of broadcasting rights, the worldwide TOP sponsorship programme and the IOC official supplier and licensing programme. 6
The IOC’s 2013-2016 total revenue of
USD 5.7 billion represented an increase 5 of 7.6% compared to the 2009-2012 total 5.7 revenue. The main driver of the increase 5.2 was television broadcasting rights, which 4 increased by 8.1% to USD 4.2 billion compared to 2009-2012, and TOP programme marketing rights. 3 3.9
Furthermore, in a sign of the continuing appeal of the Olympic Games and the 2 3.0 Olympic values, partnership agreements for the eighth edition of the TOP programme (TOP VIII), covering the 1 2013-2016 Olympiad, increased to over USD 1 billion, which represents a
5.6% growth compared to the previous 0 TOP programme (TOP VII). 2001-2004 2005-2008 2009-2012 2013-2016 Source: IOC’s audited financial statements
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
IOC revenue distribution The Organising Committees Olympic Solidarity/National for the Olympic Games (OCOGs) Olympic Committees (OS/NOCs) The growth of IOC revenue enabled the IOC to achieve the 90% distribution The IOC contribution supports the The IOC distributes revenue to each of objectives of the 2013-2016 Olympiad. staging of the Summer and Winter the 206 NOCs throughout the world During the Olympiad, the IOC distributed editions of the Games. This includes to train and develop their Olympic USD 5 billion to support the staging of direct contributions to the OCOGs hopefuls, athletes and teams. The IOC the Olympic Games and to promote the (through the share of the television also contributes revenue to Olympic worldwide development of sport and the broadcasting rights and TOP rights); Solidarity, an autonomous commission Olympic Movement. considerable costs that previously that distributes revenue to NOCs. The had been borne by the OCOGs, such Rio 2016 revenue distribution to Olympic Distributable revenue includes cash and as the host broadcast operation; and Solidarity/NOCs was more than double value-in-kind revenue from television various forms of Games support to the the equivalent revenue distribution broadcasting rights, TOP programme OCOGs, including through its Transfer of following Athens 2004. 108 rights and ticket royalty income. Revenue Knowledge programmes. The OCOGs distributed to OCOGs and the United also raise additional revenue through Gross revenue to OS/NOCs USD million States Olympic Committee (USOC) and domestic commercial activities facilitated Olympic Summer Games Olympic Games-related expenditure is by the authorised use of the Olympic deducted from the revenue to calculate marks together with the OCOGs’ 2004 Athens 234 the equal shares attributable to the IFs, symbols. Compared to Athens 2004, 2008 Beijing 301 Olympic Solidarity/NOCs and the IOC. the IOC contribution to support the 2012 London 520 staging of the Olympic Games Rio Distributable revenue of the IOC is 2016 increased by almost 60%. 2016 Rio 540 allocated through direct IOC contributions Olympic Winter Games towards different organisations throughout IOC contribution to support 2002 Salt Lake City 87 the Olympic Movement, as well as various the Games USD million 2006 Turin 136 IOC activities, projects and programmes Olympic Summer Games aimed at supporting the staging of the 2010 Vancouver 215 2004 Athens 965 Games and promoting the worldwide 2014 Sochi 199 development of sport and the Olympic 2008 Beijing 1,250 Source: IOC’s audited financial statements Movement. Among others, this includes 2012 London 1,374 distribution to the following recipients: 2016 Rio 1,531 Olympic Winter Games 2002 Salt Lake City 552 2006 Turin 561 2010 Vancouver 775 2014 Sochi 833
Source: IOC’s audited financial statements
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
International Federations (IFs) IOC-Recognised Organisations The Youth Olympic Games (YOG) and federations and the Youth Olympic Games The IOC provides revenue to the IFs. Organising Committees (YOGOCs) These funds, which are used to support The IOC contributes to recognised the development of sport worldwide, international organisations, including the The IOC contribution supports the are distributed after the completion World Anti-Doping Agency (WADA), the staging of the YOG. Celebrated for the of the Games in which the federation International Council of Arbitration for first time in Singapore in 2010, the YOG is active. The Rio 2016 revenue Sport (ICAS), the International Olympic is a new Olympic tradition that engages distribution to IFs was more than double Academy (IOA) and the International young people through sport, education the equivalent revenue distribution Paralympic Committee (IPC). The IOC and cultural programmes. following Athens 2004. also supports the IPC by enabling Paralympic athletes to compete in the IOC contribution to support Gross revenue to IFs USD million same city as the Olympic Games, benefit the YOG USD million Olympic Summer Games from the same Organising Committee, Summer YOG use the same sports venues and 109 2004 Athens 257 facilities, and enjoy the same conditions 2010 Singapore 40 2008 Beijing 297 for official travel and accommodation 2014 Nanjing 50 2012 London 520 as Olympic athletes. Funds earmarked Winter YOG for contributions from Rio 2016 revenue 2016 Rio 540 were almost double the equivalent 2012 Innsbruck 20 Olympic Winter Games contributions from Athens 2004. 2016 Lillehammer 35
2002 Salt Lake City 92 Source: IOC’s audited financial statements Funds earmarked USD million 2006 Turin 128 Olympic Summer Games 2010 Vancouver 209 2004 Athens 57 2014 Sochi 199 2008 Beijing 69 Source: IOC’s audited financial statements 2012 London 81 2016 Rio 110 Olympic Winter Games 2002 Salt Lake City 28 2006 Turin 33 2010 Vancouver 39 2014 Sochi 40
Source: IOC’s audited financial statements
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
Strong financial position stands at USD 2.1 billion, which represents 50% of its total financial The IOC financial position at 31 position. Of the fund balances, 73% are December 2017 remains strong. IOC undesignated to cover the expenditures current assets stand at USD 2.9 billion, and contributions planned during while non-current assets stand at USD non-Games years where no Games 1.2 billion. Cash and other financial revenue will be recognised, as well as assets, totalling USD 3.6 billion, represent for the Olympic Foundation as part of 87% of the IOC’s total financial position. the IOC’s risk management strategy. The IOC designated fund, at 27% of The IOC’s total liabilities of USD 2.1 billion total fund balances, is designated for represent 50% of its total financial the financing of Olympic Solidarity’s position. This is more than fully covered annual programmes in order to secure by the IOC’s current assets, as well as financial assistance for the NOCs, 110 its fund balances. This shows the IOC’s as well as for financial assistance to overall financial health and long-term the Olympic Movement through the sustainability. The IOC’s fund balance Olympic Movement Fund.
IOC COMBINED STATEMENTS OF FINANCIAL POSITION AT 31 DECEMBER 2017 (USD 000)
2 934 194 Current assets 1 131 677 Current liabilities
921 467 Non-current liabilities
1 204 924 Non-current 2 085 974 Fund balances assets
TOTAL TOTAL TOTAL 4 139 118 2 053 144 2 085 974
ASSETS LIABILITIES AND FUND BALANCES
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
Report of the Statutory Auditor to the Session
As statutory auditor, we have audited assurance whether the Combined Report on other legal requirements the accompanying Combined Financial Financial Statements are free from Statements of the International Olympic material misstatement. We confirm that we meet the legal Committee (IOC), which comprise requirements on licensing according the Statement of Financial Position, An audit involves performing procedures to the Auditor Oversight Act (AOA) and Statement of Activities, Statement of to obtain audit evidence about the independence (article 69b paragraph Comprehensive Income, Statement amounts and disclosures in the Combined 3 CC in connection with article 728 CO) of Cash Flow, Statement of Changes Financial Statements. The procedures and that there are no circumstances in Fund Balances and Notes selected depend on the auditor’s incompatible with our independence. (pages 114 to 160), for the year judgement, including the assessment of ended 31 December 2017. the risks of material misstatement of the In accordance with article 69b paragraph Combined Financial Statements, whether 3 CC in connection with article 728a Executive Board’s responsibility due to fraud or error. In making those risk paragraph 1 item 3 CO and Swiss assessments, the auditor considers the Auditing Standard 890, we confirm that The Executive Board is responsible internal control system relevant to the an internal control system exists which 111 for the preparation of the Combined entity’s preparation of the Combined has been designed for the preparation Financial Statements in accordance Financial Statements in order to design of Combined Financial Statements with the International Financial Reporting audit procedures that are appropriate according to the instructions of the Standards (IFRS), the requirements in the circumstances, but not for the Association Executive Board. of Swiss law and the Olympic Charter. purpose of expressing an opinion on the This responsibility includes designing, effectiveness of the entity’s internal control We recommend that the Combined implementing and maintaining an internal system. An audit also includes evaluating Financial Statements submitted to you control system relevant to the preparation the appropriateness of accounting policies be approved. of Combined Financial Statements that used and the reasonableness of are free from material misstatement, accounting estimates made, as well as PricewaterhouseCoopers SA whether due to fraud or error. evaluating the overall presentation of the The Executive Board is further Combined Financial Statements. We responsible for selecting and applying believe that the audit evidence we have appropriate accounting policies and obtained is sufficient and appropriate to making accounting estimates that are provide a basis for our audit opinion. reasonable in the circumstances. Opinion Pierre-Alain Dévaud Gérard Ambrosio Auditor’s responsibility Audit expert Audit expert In our opinion, the Combined Financial Auditor in charge Our responsibility is to express an opinion Statements for the year ended on these Combined Financial Statements 31 December 2017 give a true and fair Lausanne, 3 February 2018 based on our audit. We conducted our view of the financial position, the results audit in accordance with Swiss law and of operations and the cash flows in Swiss Auditing Standards as well as accordance with the International the International Standards on Auditing. Financial Reporting Standards (IFRS) Those standards require that we plan and and comply with Swiss law and the perform the audit to obtain reasonable Olympic Charter.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
Contents
Combined Statement of Financial Position 114 Combined Statement of Activities 115 Combined Statement of Comprehensive Income 116 Combined Statement of Cash Flows 117 Combined Statement of Changes in Fund Balances 118 Notes to the Combined Financial Statements 119 1. Activity 119 2. Summary of Significant Accounting Policies 120 a) Basis of preparation 120 b) Foreign currencies 123 c) Consolidation 123 d) Financial assets 124 112 e) Deferred expenditure 125 f) Tangible fixed assets 125 g) Intangible fixed assets 125 h) Content production 125 i) Pension obligations 126 j) Financial liabilities 126 k) Designated funds 126 l) Revenue recognition 126 m) Revenue distribution 127 n) Income taxes 127 o) Accounting for derivative financial instruments and hedging activities 127 3. Financial Risk Management 128 a) Financial risk factors 128 b) Financial risk management policy 130 c) Strategy managing own funds 134 d) Fair value estimation 134 4. Cash and Cash Equivalents 137
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
5. Financial Assets 137 a) Movements in financial assets at fair value through profit or loss 137 b) Financial assets at fair value through profit or loss by portfolio and classes 138 c) Non-current financial assets 139 d) Financial assets by category 140 6. Investments in Associates 141 7. Receivables and Other Current Assets 142 8. Tangible Fixed Assets 143 9. Intangible Fixed Assets 144 10. Accounts Payable and Accrued Expenses 145 11. Olympic Games-Related Advances, Deferred Income and Expenditure 146 a) Advances on TV rights 146 b) Deferred income 146 113 c) Deferred expenditure 147 12. Defined Benefit Pension Plan 147 13. Financial Liabilities 150 14. Designated Funds 151 15. Television Broadcasting Rights Revenue 152 16. Other Rights 152 17. Other Revenues 153 18. Olympic Games-Related Expenditure 153 19. Youth Olympic Games-Related Expenditure 154 20. Olympic Solidarity Programme 155 21. Revenue Distribution 156 22. Operating Expenditure 157 23. Promotion of the Olympic Movement 157 24. Salaries and Social Charges 158 25. Financial Income/(Expense), Net 159 26. Related Party Transactions 159
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Combined Statement of Financial Position
In thousands of US dollars (USD 000) At 31 December At 1 January Notes 2017 2016 (restated) 2016 (restated) Assets Current assets Cash and cash equivalents 4 758 179 969 231 416 742 Financial assets at fair value through profit or loss 5 1 291 968 836 017 954 858 Receivables and other current assets 7 720 726 113 372 833 703 Olympic Games-related deferred expenditure 11 163 321 – 148 817 2 934 194 1 918 620 2 354 120 Non-current assets Financial assets 5 830 080 1 014 458 1 205 665 Investments in associates 6 9 384 9 299 11 104 Tangible fixed assets 8 223 835 188 264 209 358 Intangible fixed assets 9 68 204 69 978 47 737 114 Olympic Games-related deferred expenditure 11 73 421 94 316 59 470 1 204 924 1 376 315 1 533 334 Total assets 4 139 118 3 294 935 3 887 454
Liabilities and fund balances Current liabilities Accounts payable and accrued expenses 10 130 848 191 140 112 589 Olympic Games-related advances 11 794 502 – 1 698 148 Deferred income 11 203 914 95 695 154 635 Financial liabilities 13 2 413 6 095 – 1 131 677 292 930 1 965 372 Non-current liabilities Accounts payable and accrued expenses 10 83 435 554 61 Olympic Games-related advances 11 625 464 681 570 413 244 Deferred income 11 117 037 68 722 32 127 Financial liabilities 13 53 428 18 170 – Net pension plan obligations 12 42 103 47 931 33 482 921 467 816 947 478 914 Fund balances Undesignated 1 525 784 1 497 094 1 110 605 Designated 14 581 413 714 745 330 799 Cumulative translation adjustment 33 280 26 869 29 494 Cash flow hedges (54 503) (53 650) (27 730) 2 085 974 2 185 058 1 443 168 Total liabilities and fund balances 4 139 118 3 294 935 3 887 454
The notes on pages 119 to 160 are an integral part of the financial statements.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
Combined Statement of Activities
In thousands of US dollars (USD 000) For the years ended 31 December 2017 2016 (restated) Designated Designated Notes Undesignated (note 14) Total Undesignated (note 14) Total Revenue Television broadcasting rights 15 13 733 – 13 733 2 868 600 – 2 868 600 TOP programme marketing rights 493 246 – 493 246 409 928 – 409 928 Other rights 16 7 361 – 7 361 98 701 – 98 701 Other revenue 17 9 065 – 9 065 140 725 – 140 725 523 405 – 523 405 3 517 954 – 3 517 954
Expenditure Olympic Games-related expenditure, contributions and special projects Olympic Games-related expenditure 18 – – – (463 744) – (463 744) 115 Youth Olympic Games-related expenditure 19 – – – (19 406) – (19 406) Grants and contributions (7 731) (33 925) (41 656) (6 340) (35 463) (41 803) Olympic Solidarity programme 20 – (95 858) (95 858) – (113 427) (113 427) Special projects (9 944) – (9 944) (12 086) – (12 086) (17 675) (129 783) (147 458) (501 576) (148 890) (650 466)
Distribution of revenue to OCOGs, NOCs, USOC and IFs Revenue distribution 21 – – – (2 004 529) 538 430 (1 466 099) TOP programme marketing rights 21 (340 596) – (340 596) (377 407) – (377 407) (340 596) – (340 596) (2 381 936) 538 430 (1 843 506)
Promotion of the Olympic Movement 23 (116 455) – (116 455) (102 087) – (102 087)
Operating expenditure 22 (159 906) (10 445) (170 351) (167 406) (5 594) (173 000)
Excess of (expenditure)/revenue (111 227) (140 228) (251 455) 364 949 383 946 748 895 before financial income
Financial income/(expense), net 25 127 272 6 896 134 168 35 710 – 35 710 Share of profit/(loss) of associates 6 120 – 120 509 – 509 Excess of (expenditure)/revenue 16 165 (133 332) (117 167) 401 168 383 946 785 114
The notes on pages 119 to 160 are an integral part of the financial statements.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
Combined Statement of Comprehensive Income
In thousands of US dollars (USD 000) For the years ended 31 December 2017 2016 (restated) Excess of (expenditure)/revenue (117 167) 785 114 Other comprehensive income/(loss): Items that will not be reclassified to the Statement of Activities Remeasurements of defined benefit obligations (note 12) 12 525 (14 679)
Items that may be subsequently reclassified to the Statement of Activities Cash flow hedges (853) (25 920) Translation adjustment 6 411 (2 625)
Other comprehensive income/(loss) for the year 18 083 (43 224) Total comprehensive income/(loss) for the year (99 084) 741 890
116
The notes on pages 119 to 160 are an integral part of the financial statements.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
Combined Statement of Cash Flows
In thousands of US dollars (USD 000) For the years ended 31 December Operating activities 2017 2016 (restated) Excess of (expenditure)/revenue (117 167) 785 114 Adjustments for: – Excess of television broadcasting rights revenue over distribution (13 733) (1 401 461) – Recognition of Olympic Games-related deferred income and expenditure, net – 15 490 – Financial (income)/expense before other financial expenses (138 000) (38 624) – Depreciation and amortisation 31 382 48 782 – Share of profit/(loss) of associates (120) (509) – Foreign exchange differences 2 299 (11 704) (235 339) (602 912) Changes in: – Olympic Games-related deferred expenditure (142 426) (34 846) – Accounts payable and accrued expenses (32 696) 27 138 – Other receivables and other assets 14 719 7 070 (160 403) (638) TV rights, TOP rights receipts and allocations, and changes in revenue share: – Olympic Games-related deferred income (revenue share and TOP marketing rights) 149 334 110 982 117 – Disbursement of Olympic Games-related advances to USOC and OCOGs (including TOP) (72 238) (1 126 035) – Receipt of Olympic Games-related advances (TV rights) 439 053 1 803 672 – Change in TOP receivables, net of related payables 10 036 (7 889) – Change in OCOG receivables (revenue share), net of related payables 42 640 2 807 568 825 783 537 Interest received 36 211 45 528 Interest paid (89) (22) 36 122 45 506 Net cash generated by/(used in) operating activities 209 205 225 493
Investing activities Purchase of fixed assets (52 365) (51 883) Proceeds from sales of fixed assets 141 – Purchase of financial assets at fair value through profit or loss (994 263) (403 430) Proceeds from sales of financial assets at fair value through profit or loss 599 974 770 343 Dividends from associates 336 256 Proceeds from sale of associates – 1 896 Net cash generated by/(used in) investing activities (446 177) 317 182
Financing activities Proceeds from borrowings 29 761 8 752 Net cash generated by/(used in) in financing activities 29 761 8 752
Increase/(decrease) in cash and cash equivalents (207 211) 551 427
Movement in cash and cash equivalents At start of year 969 231 416 742 Increase/(decrease) (207 211) 551 427 Effects of exchange rate changes (3 841) 1 062 At end of year 758 179 969 231 FINANCIAL STATEMENTS CONTENTS
Combined Statement of Changes in Fund Balances
Cumulative In thousands of US dollars (USD 000) Undesignated Designated translation Cash flow funds funds adjustments hedges Total Balance at 1 January 2016 (restated) 1 110 605 330 799 29 494 (27 730) 1 443 168 Excess of revenue/(expenditure) recognised in the Statement of Activities 401 168 383 946 – – 785 114 Other comprehensive income/(loss) for the year (14 679) – (2 625) (25 920) (43 224) Total comprehensive income/(loss) for the year 741 890
Balance at 31 December 2016 (restated) 1 497 094 714 745 26 869 (53 650) 2 185 058 Excess of revenue/(expenditure) recognised in the Statement of Activities 16 165 (133 332) – – (117 167) Other comprehensive income/(loss) for the year 12 525 – 6 411 (853) 18 083 Total comprehensive income/(loss) for the year (99 084) Balance at 31 December 2017 1 525 784 581 413 33 280 (54 503) 2 085 974
118
The notes on pages 119 to 160 are an integral part of the financial statements.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
Notes to the Combined Financial Statements 1. Activity
The International Olympic Committee In addition to the activities of the IOC, Olympic Broadcasting Services SA (IOC), domiciled in Lausanne, these Combined Financial Statements (OBS SA), a company fully owned Switzerland, is an international non- include the activities of the following by the OF that supplies all services governmental not-for-profit organisation organisations and programmes: relating to the establishment and in the form of an association with the management of the Host Broadcasting status of a legal person. The mission of The Olympic Foundation for Culture function of the Olympic Games. the IOC is to lead the Olympic Movement and Heritage (OFCH), a foundation Olympic Broadcasting Services SL in accordance with the Olympic Charter. governed by the provisions of the (OBS SL), a company that provides The Olympic Movement encompasses Swiss Civil Code. It has been entrusted services to OBS SA and is a fully organisations, athletes and other persons by the IOC with the task of depicting owned subsidiary of OBS SA. who agree to be guided by the Olympic the history and development of the Olympic Channel Services SA (OCS Charter, including, in addition to the Olympic Movement and associating SA), a company fully owned by the OF IOC, the International Federations (IFs), the movement with art and culture which provides any types of services the National Olympic Committees for specialists and the public at in relation to audio-visual programmes (NOCs) including the United States large worldwide. relating to the Olympic Movement and 119 Olympic Committee (USOC), and the The Olympic Foundation (OF), to sports, and ensures the distribution Organising Committees for the a foundation governed by the of such programmes through all Olympic Games (OCOGs). provisions of the Swiss Civil Code. available media including through It has been entrusted by the IOC to digital and linear broadcasting. The IOC’s revenues are largely generated give support to the activities of the Olympic Channel Services Spain SL from royalties on licensing television Olympic Movement, notably in the (OCS SL), a company that provides broadcasting rights for Olympic Games, areas of culture, education and sports. services to OCS SA and is a fully as well as revenues from the commercial Olympic Solidarity (OS), a programme owned subsidiary of OCS SA. exploitation of the Olympic symbol and developed jointly by the IOC and the Olympic emblems. NOCs. Its purpose is to assist the The activities of the OFCH, OF, OS, officially recognised NOCs, especially IOCTMS, TOP, OBS SA, OBS SL, OCS those most in need, to fulfil their SA and OCS SL have been combined mission and in making known the with those of the IOC (together, the IOC ideals of the Olympic Movement. or the Group) on the basis of the fact that IOC Television and Marketing Services the latter has a 100% shareholding or SA (IOCTMS), a company fully owned control of the Boards of each organisation by the OF that manages the IOC’s and programme. worldwide sponsorship programme, all its other marketing activities, and activities related to broadcasting rights and new media. The Olympic Partner (TOP) programme, the IOC’s worldwide sponsorship programme which is managed by IOCTMS.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
2. Summary of Significant Accounting Policies
a) Basis of preparation Change in presentation Change in accounting policies
The Combined Financial Statements are Certain comparative figures in the In order to give a more meaningful and prepared in accordance with and comply Statement of Financial Position have fairer presentation of the Group’s financial with the International Financial Reporting been reclassified to conform to the position, the amount earmarked for the Standards (IFRS). The significant current year’s presentation. Olympic Movement Fund is reclassified accounting policies are described below from Earmarked funds – current and and have been consistently applied to the Derivative financial liabilities that have non-current liabilities to Fund balances – years presented, unless otherwise stated. been previously classified under Financial designated, a line item within the The financial statements are prepared assets at fair value through profit or loss Statement of Financial Position. The under the historical cost convention are reclassified to Financial liabilities. effects of the transactions using the fund except for Financial assets at fair value A Statement of Financial Position line are recorded in the Statement of Activities through profit or loss and Derivative item of Financial liabilities – current and are classified according to their financial instruments which are shown and non-current is added and detailed nature. As a result, the changes in the 120 at fair value. Transactions and balances in note 13. financial statements are summarised among the combined organisations and below. Prior year presentation has been programmes have been eliminated. The adoption of new standards and restated accordingly. interpretations as of 1 January 2017 had The preparation of financial statements no impact or only limited impact on the The following tables show the in conformity with IFRS requires the accounting policies, financial position adjustments recognised for each use of accounting estimates and or performance of the Group. individual line item. Line items that were requires the exercise of judgement in the not affected by the change have not been application of the accounting policies. included. As a result, the sub-totals and In particular, significant assumptions are totals disclosed cannot be recalculated used in the calculation of the defined from the numbers provided. benefit obligations (note 12).
These Combined Financial Statements have been approved by the Executive Board of the IOC on 3 February 2018.
The amounts shown in these Combined Financial Statements are presented in US dollars, in view of the international nature of the IOC’s operations and due to the majority of its revenues being earned in that currency.
The television broadcasting revenues are received in USD, EUR, JPY, GBP, CAD and AUD. The related distributions are paid in USD and EUR.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
USD 000 31 December 2016 1 January 2016 Previously Increase/ Previously Increase/ Statement of Financial Position (extracts) stated (decrease) Restated stated (decrease) Restated Earmarked funds – current liabilities 71 463 (71 463) – 38 046 (38 046) – Earmarked funds – non-current liabilities 39 766 (39 766) – – – – Designated – fund balances 603 516 111 229 714 745 292 753 38 046 330 799
USD 000 2016 Previously Increase/ Statement of Activities (extracts) stated (decrease) Restated Grants and contributions (6 340) (35 463) (41 803) Funds earmarked for allocation (110 000) 110 000 – Operating expenditure 171 645 (1 354) 173 000 Excess of (expenditure)/revenue 711 931 73 183 785 114 Total comprehensive income for the year 668 707 73 183 741 890 121
USD 000 2016 Previously Increase/ Statement of Cash Flow (extracts) stated (decrease) Restated Operating activities Excess of (expenditure)/revenue 711 931 73 183 785 114 – Allocation to earmarked funds 110 000 (110 000) – – Use of earmarked funds (36 817) 36 817 –
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
Standards, amendments and interpretations not yet effective and which have not been early-adopted
A number of new standards and amendments to standards and interpretations are effective for annual periods beginning after 31 December 2017, and have not been applied in preparing these Combined Financial Statements.
Standard Title Effective date IFRS 9 Financial instruments (full version) (July 2014) 01/01/2018 IFRS 15 Revenue from contracts with customers 01/01/2018 IFRS 16 Leases 01/01/2019
122 Management has assessed the effects Accounting for the Group’s share of Overall, due to the nature of the revenue of applying IFRS 15 on the Combined the OCOGs marketing programmes: contracts of the IOC, the impact over Financial Statements and has identified Under IFRS 15, revenue related to an Olympiad would, however, not be the following areas that will be affected: royalties from OCOGs shall be significant as revenue is being linearised recognised over time throughout over four years instead of recognised Accounting for goods and services the term of the contract since the only at each Olympic Games year. (Value in Kind – VIK) within the TOP IOC owns the OCOG’s intellectual rights agreements: Under IFRS 15, property and there are no performance The Group expects insignificant impact VIK revenue will be recognised on obligations towards the OCOG to return following the adoption of IFRS 9 on its a linear basis rather than in the year any licensing fees levied regardless Combined Financial Statements. of the related Olympic Games, of the successful completion of the the rationale being that the revenues Games. The impact on the 2017 Based on a preliminary assessment, will be received regardless in the form Combined Financial Statements the Group does not expect any significant of cash or VIK by the end of the term. would have been a higher amount of impact following the adoption of IFRS The impact on the 2017 Combined Revenue and Excess of (expenditure)/ 16 on its Combined Financial Statements. Financial Statements would have revenue, as well as a corresponding been a higher amount of Revenue decrease in Deferred income. There are no other IFRSs or International and Excess of (expenditure)/revenue, Financial Reporting Interpretations as well as an increase in Receivables Committee (IFRIC) interpretations that are and other current assets. not yet effective that would be expected to have a material impact on the Group.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
b) Foreign currencies Transactions and balances c) Consolidation
Group companies Foreign currency income and expenditure Subsidiaries are accounted at the exchange rates Items included in the financial statements of prevailing at the date of the transactions. Subsidiaries are all entities (including each of the Group’s entities are measured Gains and losses resulting from the structured entities) over which the Group using the currency of the primary economic settlement of such transactions and has control. The Group controls an environment in which the entity operates from the translation of monetary assets entity when the Group is exposed to (“the functional currency”). and liabilities denominated in foreign or has right to variable returns from its currencies are recognised in the involvement with the entity to affect those The Statements of Activities of the Statement of Activities. returns through its power over the entity. Group’s entities that have a functional Subsidiaries are fully consolidated from currency different from the presentation Non-monetary items carried at historical the date on which control is transferred currency have been translated in US cost denominated in a foreign currency to the Group. They are deconsolidated dollars at average exchange rates for the are reported using the historical exchange from the date that control ceases. 123 year and the Statements of Financial rate at the date of the transaction. Position at the year-end exchange rates The Group uses the acquisition method ruling at 31 December. Exchange of accounting to account for business differences arising from such translation combinations. The consideration have been taken to the Statement of transferred for the acquisition of a Changes in Fund Balances. subsidiary is the fair values of the assets transferred, the liabilities incurred and the The main exchange rates used are equity interests issued by the Group. as follows: The consideration transferred includes the fair value of any asset or liability Year-end rates Average rates resulting from a contingent consideration 1 USD against 2017 2016 2017 2016 arrangement. Acquisition-related costs Swiss Franc CHF 0.9743 1.0190 0.9807 0.9883 are expensed as incurred. Identifiable Euro EUR 0.8325 0.9505 0.8784 0.9069 assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. On an acquisition-by-acquisition basis, the Group recognises any non- controlling interest in the acquiree either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net assets.
The excess of the consideration transferred, the amount of any non- controlling interest in the acquiree and the
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
acquisition-date fair value of any previous previously recognised in other or exceeds its interest in the associate, equity interest in the acquiree over the comprehensive income in respect of including any other unsecured fair value of the Group’s share of the that entity are accounted for as if the receivables, the Group does not identifiable net assets acquired is recorded Group had directly disposed of the recognise further losses, unless it has as goodwill. If this is less than the fair value related assets or liabilities. This may incurred obligations or made payments of the net assets of the subsidiary acquired mean that amounts previously recognised on behalf of the associate. in the case of a bargain purchase, the in other comprehensive income are difference is recognised directly in the reclassified to profit or loss. Unrealised gains on transactions Statement of Activities. between the Group and its associates If the ownership interest in an associate are eliminated to the extent of the Inter-company transactions, balances is reduced but significant influence Group’s interest in the associates. and unrealised gains on transactions is retained, only a proportionate Unrealised losses are also eliminated between Group companies are share of the amounts previously unless the transaction provides evidence eliminated. Unrealised losses are also recognised in other comprehensive of an impairment of the asset transferred. 124 eliminated. Accounting policies of income is reclassified to profit or loss Accounting policies of associates have subsidiaries have been changed where where appropriate. been changed where necessary to necessary to ensure consistency with ensure consistency with the policies the policies adopted by the Group. Associates adopted by the Group.
Transactions and non-controlling interests Associates are all entities over which Dilution gains and losses arising in the Group has significant influence but investments in associates are recognised The Group treats transactions with no control, generally accompanying in the Statement of Activities. non-controlling interests as transactions a shareholding of between 20% and with equity owners of the Group. For 50% of the voting rights. Investments in d) Financial assets purchases from non-controlling interests, associates are accounted for using the the difference between any consideration equity method of accounting and are The Group classifies its financial assets paid and the relevant share acquired of initially recognised at cost. The Group’s in the following categories: Financial the carrying value of net assets of the investment in associates includes assets at fair value through profit or subsidiary is recorded in equity. Gains goodwill identified on acquisition, net of loss, and Loans and receivables. or losses on disposals to non-controlling any accumulated impairment loss. The classification depends on the interests are also recorded in equity. purpose for which the financial The Group’s share of its associates’ assets were acquired. Management When the Group ceases to have control post-acquisition profits or losses is determines the classification of its or significant influence, any retained recognised in the Statement of Activities, financial assets at initial recognition interest in the entity is remeasured to its and its share of post-acquisition and re-evaluates this designation at fair value, with the change in carrying movements in other comprehensive every reporting date. amount recognised in profit or loss. income is recognised in other The fair value is the initial carrying comprehensive income. The cumulative Financial assets at fair value amount for the purposes of subsequently post-acquisition movements are through profit or loss accounting for the retained interest adjusted against the carrying amount as an associate, joint venture or financial of the investment. When the Group’s A financial asset is classified in this asset. In addition, any amounts share of losses in an associate equals category if acquired principally for the
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
purpose of selling in the short term or if so e) Deferred expenditure g) Intangible fixed assets designated by management. Derivatives are also categorised as such. Assets in this Expenditure relating to Olympic Games Intangible fixed assets are initially category are classified as current assets if and Youth Olympic Games (the “Games”) measured based on the costs incurred they are expected to be realised within not yet held are deferred and recognised to acquire the assets or to put them into 12 months of the balance sheet date. in the Statement of Activities upon service. After initial recognition, they successful completion of the Games. are stated at cost less accumulated Loans and receivables These include costs incurred on certain amortisation and accumulated projects which provide benefits to a impairment losses. Loans and receivables are non-derivative number of Games. financial assets with fixed or determinable Amortisation is calculated on a straight- payments that are not quoted in an active f) Tangible fixed assets line basis over the estimated useful life market. They are included in Current of the assets as follows: assets, except for maturities greater Tangible fixed assets are stated at than 12 months after the balance sheet cost less accumulated depreciation. Software and licences 4-5 years 125 date. These are classified as Non- Broadcasting equipment is depreciated Multimedia library 4-10 years current assets. according to its effective use during the Collections 0-6 years Olympic Summer Games and Olympic Regular purchases and sales of Winter Games once every two years. investments are recognised on settlement The amortisation period and method date. Financial assets at fair value through Depreciation of fixed assets is calculated are reviewed at least at the end of every profit or loss are initially recognised at fair on a straight-line basis over the estimated reporting period. value and transaction costs are expensed useful life of the assets as follows: in the Statement of Activities. They h) Content production are subsequently carried at fair value. Buildings 50 years Investments are derecognised when Content production for the Olympic the rights to receive cash flows from the Building and land installations 20-25 years Channel digital platform is initially Leasehold improvements, investments have expired or have been 4-10 years measured based on the costs incurred furniture and equipment transferred and the Group has transferred to acquire or produce the content and substantially all risks and rewards of Hardware 4-5 years is directly expensed in the Statement ownership. Loans and receivables are Collections 0-25 years of Activities, in the Olympic Channel carried at amortised cost using the costs (disclosed under Promotion of effective interest method. Land is stated at cost and is not the Olympic Movement). depreciated. New building and land Gains or losses arising from changes installations as well as major renewals in the fair value of the Financial assets are capitalised; maintenance, repairs at fair value through profit or loss and minor renewals are charged to the category, including interest and dividend Statement of Activities as incurred. income, are presented in the Statement of Activities within Financial income/ The depreciation period and method (expense), net, in the period in which are reviewed at least at the end of every they arise. reporting period.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
i) Pension obligations j) Financial liabilities networks at any time up to the completion of the Games upon the occurrence, for The Group sponsors pension plans for Bank borrowings are financial liabilities any reason, of one or several conditions employees of the IOC, OFCH, OF and categorised at amortised cost. The fair specified in the agreements. IOCTMS. These plans are cash-balance value of borrowings equals their carrying plans treated as a defined benefit plan amount, as the impact of discounting is TOP rights for financial reporting purposes. not significant. Revenues from TOP rights are partly The plan assets are separated and The borrowing costs of the construction received in cash, in which case they are managed independently from the incurred during the year are capitalised recorded on a linear basis, and partly Group’s assets. Furthermore, the Group in Construction in progress in the received in the form of goods or services pays contributions to savings plans for Statement of Financial Position (Value in Kind). Value in Kind for OCOGs OBS SL and OCS SL. (Tangible fixed assets). is recognised in the year of the Olympic Summer Games or Olympic Winter 126 The liability or the asset recognised in k) Designated funds Games. Other Value in Kind is recognised the balance sheet in respect of defined in the period the goods or services are benefit pension plans is the present value Funds designated for the financing of rendered. Value in Kind revenues are of the defined benefit obligations at the the quadrennial programme of Olympic recorded based on their underlying fair end of the reporting period less the fair Solidarity and the tripartite assistance to value. Fair value is considered to be value of plan assets. The defined benefit organisations of the Olympic Movement the estimated market price obtainable obligations are calculated annually by an (the Olympic Movement Fund) are between knowledgeable, willing parties independent actuary using the projected reported as Designated funds in the in an arm’s length transaction. unit credit method. The present value Statement of Financial Position. The of the defined benefit obligations is balance of these funds consists of Other rights determined by discounting the estimated unutilised allocations from the previous future cash outflows using interest rates programmes to be used for the future Other rights include revenues from the of high-quality corporate bonds that are programme of the Olympic Solidarity and commercial exploitation of the Olympic denominated in the currency in which the the Olympic Movement Fund. Refer also symbol and Olympic emblems. The benefits will be paid, and that have terms to note 14. revenues represent the Group’s share of to maturity approximating to the terms of the OCOGs marketing programmes, as the related pension obligations. l) Revenue recognition well as income from other sponsorship, suppliership and licensing agreements. Actuarial gains and losses arising from Television broadcasting rights Revenues which are related to Olympic experience adjustments and changes Games are deferred until the year the in actuarial assumptions are charged or Royalties from the licensing of television Olympic Games are held; other revenues credited to equity in other comprehensive rights to broadcast Olympic Games and are recorded in the period the instalments income in the period in which they arise. Youth Olympic Games are recognised become due. Part of these revenues is on the successful completion of the received in the form of goods or services Past-service costs are recognised respective Olympic Games. Instalments (Value in Kind). immediately in the Statement of Activities. received by the IOC prior to this date are deferred as they may be repayable, in whole or in part, to the television
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
m) Revenue distribution o) Accounting for derivative financial The Group documents at the inception of instruments and hedging activities the transaction the relationship between In application of the recommendation hedging instruments and hedged items, made during the XIII Olympic Congress Derivatives are initially recognised at fair as well as its risk management objectives in Copenhagen in 2009, distributable value on the date a derivative contract and strategy for undertaking various revenues include cash and Value in Kind is entered into and are subsequently hedging transactions. The Group also revenues from television broadcasting remeasured at their fair value. The documents its assessment, both at rights, TOP rights and part of the royalties method of recognising the resulting hedge inception and on an ongoing basis, income. Revenues distributed to OCOGs gain or loss depends on whether the of whether the derivatives that are used in and the USOC, and Olympic Games- derivative is designated as a hedging hedging transactions are highly effective related expenditure, are deducted from instrument, and if so, the nature of the in offsetting changes in cash flows of the revenues to calculate the equal item being hedged. hedged items. shares attributable to the IFs, the NOCs and the IOC. All fair value changes of derivatives not Cash flow hedges designated as hedging instruments are 127 The TOP rights proceeds, net of related recognised immediately in the Statement The effective portion of changes in management fees, are allocated between of Activities. the fair value of financial assets that the IOC, OCOGs and NOCs based on a are designated and qualify as cash standard formula agreed by the parties. The Group designates certain derivatives flow hedges is recognised in other Such distribution is recorded in line with as hedges of a particular risk associated comprehensive income. Amounts the aforementioned policy with respect with a recognised asset or liability or a accumulated in equity are reclassified to the recognition of TOP rights. highly probable forecast transaction (cash to the Statement of Activities in the flow hedges). periods when the hedged item affects n) Income taxes profit or loss (for example, when the Certain financial instrument transactions forecasted distribution that is hedged The IOC, the OF and the OFCH are provide effective economic hedges under takes place). When a hedging instrument exempt from paying income taxes. the Group’s risk management policies; expires or is sold, or when a hedge Income taxes expensed by IOCTMS, however, they do not qualify for hedge no longer meets the criteria for hedge OBS SA and OBS SL, as at 31 December accounting under the specific rules in accounting, any cumulative gain or loss 2017 and 2016, are included in operating IAS 39. As a consequence, the hedging existing in equity at that time remains expenditures and amount to USD 0.438 instrument and the hedged item are in equity and is recognised when million in 2017 and USD 2.234 million reported independently as if there were the forecast transaction is ultimately in 2016. Income taxes expensed by no hedging relationship. recognised in the Statement of Activities. OCS SA and OCS SL are included in When a forecast transaction is no longer Olympic Channel costs (disclosed under expected to occur, the cumulative Promotion of the Olympic Movement) gain or loss that was reported in equity and amount to USD 0.247 million in 2017 is immediately transferred to the and USD 0.724 million in 2016. Statement of Activities within Financial income/(expense), net.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
3. Financial Risk Management
a) Financial risk factors A portion of the IOC’s JPY portfolio, games expenditure, from Olympic Games amounting to USD 607.7 million (2016: 2018 to 2024. The effective portion of The Group’s activities expose it to USD 401.3 million), has been designated exchange gain on the related EUR has a variety of financial risks, including as a hedging instrument to hedge been recognised in other comprehensive the effects of changes in foreign currency risks on future JPY-based income, for a total amount of USD 5.8 currency exchange rates and interest disbursements from the IOC contribution million (2016: USD 1.3 million loss). rates. Its overall risk management (cash flow hedges). The contribution will programme seeks to minimise potential be paid by the Group between 2018 and The 2017 gain of USD 16.6 million adverse effects on the activities of 2020. It will be allocated to the Olympic (2016: USD 3.6 million gain) relating the Group. The Group uses derivative Games Tokyo 2020 expenditure. The to the ineffective portion is recognised financial instruments such as foreign effective portion of exchange gain on the immediately in the Statement of Activities currency options, interest rate swaps, related JPY portfolio has been recognised within Financial income/(expense), net. swaptions and forward contracts to in other comprehensive income for a cover certain exposures. total amount of USD 12.6 million (2016: In the current year, no deferred loss 128 USD 16.2 million loss). arising from cash flow hedges has been Risk management is carried out by recycled from other comprehensive the treasury section under limits A currency forward contract, amounting income to the Statement of Activities determined by the Finance Commission to USD 550.6 million (2016: USD 550.6 (2016: USD 5.2 million). and the policies approved by the million), has been designated as a Executive Board. hedging instrument to hedge currency risks on future JPY-based contractual Foreign exchange risk broadcasting advances (cash flow hedges). The contractual advances The Group is exposed to foreign will be received by the Group between exchange risks mainly because 2018 and 2024. They will be allocated to most of its revenues are generated in future games revenues, from Olympic various currencies including USD, EUR, Games 2018 to 2024. The effective GBP, AUD, CAD and JPY whereas its portion of change in fair value of the operating expenditures are essentially related forward contract has been CHF-based. Foreign currency option recognised in other comprehensive and forward contracts are used to income, for a total loss of USD 19.3 million reduce the related exposure. (2016: USD 13.7 million loss).
The full fair value of a hedging derivative A portion of the IOC’s EUR portfolio, is classified as a non-current asset or amounting to USD 28.4 million (2016: liability when the remaining hedged USD 65.2 million), has been designated item is more than 12 months and as as a hedging instrument to hedge a current asset or liability when the currency risks on future EUR-based remaining maturity of the hedged disbursements from the IOC contribution item is less than 12 months. Trading (cash flow hedges). The disbursements derivatives are classified as a current will be paid by the Group between 2018 asset or liability. and 2024. They will be allocated to future
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
The following table shows the Group’s sensitivity to the previously mentioned foreign currencies (in millions of US dollars):
2017 2016 Impact on P/L Impact on equity Impact on P/L Impact on equity 10% decrease 10% increase 10% decrease 10% increase 10% decrease 10% increase 10% decrease 10% increase vs USD vs USD vs USD vs USD vs USD vs USD vs USD vs USD EUR (17.4) 17.4 (2.8) 2.8 5.4 (5.4) (6.5) 6.5 JPY 0.0 (0.0) (12.0) 1.1 0.0 (0.0) 4.1 (13.9) CHF (11.4) 13.2 – – (36.0) 39.1 – – AUD (4.6) 4.6 – – (4.0) 4.0 – – GBP (2.4) 2.4 – – (4.2) 4.2 – – CAD (2.6) 2.6 – – (4.0) 4.0 –
Interest rate risk other rights. The Group believes that as a result of a change in the fair value all amounts due under such rights are of equity-based instruments included in 129 The Group is exposed to interest rate fully collectible. The Group has policies financial assets at fair value through risk through the impact of rate changes which limit the amount of credit and profit or loss. on interest-bearing assets. These investment exposures. Cash is placed, exposures are managed partly through derivative instruments are entered into Liquidity risk the use of derivative financial instruments and custodian agreements are made such as interest rate swaps, rate options with Swiss banks. Investment securities The Finance Department monitors and and swaptions. represent notes issued by major manages cash at the Group level and corporations and government entities as prepares rolling forecasts of the Group’s At 31 December 2017, if the interest well as investment fund units issued by liquidity position on an ongoing basis. rates had increased by 1%, with all major banks. Such forecasting takes into consideration other variables held constant, excess the contractual terms of cash in- and of revenues/(expenditures) for the year Market risk outflows under television broadcasting would have deteriorated by USD 18.6 rights and TOP programme agreements, million (2016: USD 16.5 million), mainly The Group is exposed to market risk the IOC’s funding of contractual as a result of a change in the fair value because of its financial assets at fair value obligations towards other organisations of bond instruments included in financial through profit or loss other than money of the Olympic Movement and operating assets at fair value through profit or market instruments. These exposures are expenses of the Group’s organisations loss. If the rates had decreased by managed by the Group using the financial and programmes. 1%, excess of revenues/(expenditures) risk management policies described below. would have improved by USD 19.1 million The table on the next page analyses the (2016: USD 16.9 million). At 31 December 2017, if the equity Group’s non-derivative financial liabilities indexes had increased/decreased by and net settled derivative financial liabilities Credit risk 10%, with all other variables held into relevant maturity groupings based on constant, excess of revenues/ the remaining period at the balance sheet A substantial part of the Group’s (expenditures) for the year would have date to the contractual maturity date. revenues is generated from the licensing improved/deteriorated by USD 40.3 The amounts disclosed in the table are of television broadcasting rights and million (2016: USD 37.9 million), mainly the contractual undiscounted cash flow.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
At 31 December 2017 (USD 000) Under 1 year 1-2 years 2-5 years Over 5 years Accounts payable 56 373 71 895 – – Bank borrowings – – – 38 513 Balance at 31 December 2017 56 373 71 895 – 38 513
At 31 December 2016 (USD 000) Accounts payable 91 392 – – – Bank borrowings – – – 8 752 Balance at 31 December 2016 91 392 – – 8 752
b) Financial risk management policy The Olympic Solidarity portfolio holds Finance Commission, the IOC Director 130 the funds which are to be distributed General, the IOC Finance Director and Overview and objectives by Olympic Solidarity. the Treasurer.
The IOC receives and distributes funds The TOP programme portfolio serves to The Executive Board approves the to the various pillars of the Olympic manage the surplus funds to cover future investment strategy for the IOC, Movement. The Finance Commission and deficits of the programme. the Olympic Foundation and the the Executive Board adopt policies and TOP programme portfolios on the procedures to govern the management The objective of this policy statement is to recommendation of the Finance of these funds, the level of market and outline for each portfolio (a) the purpose Commission, and thereafter exercises credit risk that can be assumed, and the of the portfolio, its return objectives and overall supervision of its implementation. reports to be submitted. its level of risk, (b) the type of investment The execution of approved investment instruments permitted with limits by type strategies is the responsibility of the Policies described below are followed of instrument, (c) the maximum market Treasury Committee. The investment in the management of the funds directly risk limits to be assumed by the portfolios, strategy of the Olympic Solidarity under the control of the IOC. These by duration and value-at-risk measures, portfolio is subject to the prior approval funds are kept in four separate portfolios (d) the limits on debt investments by credit of the Olympic Solidarity Commission. herein denominated as the IOC portfolio, rating, and (e) the reporting requirements. The Treasurer is responsible for the Olympic Foundation portfolio, the implementing approved strategies and Olympic Solidarity portfolio and the Responsibilities ensuring compliance with policy limits. TOP programme portfolio. The Finance Commission is responsible The Olympic Foundation portfolio is for recommending policies for approval the primary reserve fund of the IOC. by the Executive Board. These portfolios Its purpose is to cover the operating are managed by the Treasurer and expenses of the IOC over an Olympiad overseen by the Treasury Committee in which no Games were held. as well as the Finance Commission. The members of the Treasury Committee are the IOC President, the Chair of the
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
IOC portfolio below A during the bond’s lifetime, Olympic Foundation portfolio a deeper analysis has to be The IOC portfolio includes funds derived carried out and the case will be The Olympic Foundation has been primarily from broadcasting rights submitted at the next Treasury entrusted by the IOC to give support contracts which may have to be Committee meeting. to the activities of the Olympic reimbursed in foreign currency under The following ratings limits shall apply: Movement. The Olympic Foundation certain circumstances within an uncertain AAA and AA Bonds 60-100% portfolio ensures it has sufficient period of time. The remainder of the A bonds 0-40% investments realisable with a minimum portfolio is used to finance operating Unrated bonds are not permitted. of loss so as to cover the IOC’s operating expenses, made usually in CHF, and The duration of the fixed-income cash requirements in the eventuality other cash outflows. portfolio shall not exceed four years, of a cancellation of any future and the 90-day value-at-risk must Olympic Games. The short-term nature and uncertainty remain below 9% of the market value. of the claims on the IOC portfolio Total exposure to any one corporate The portfolio has a long-term orientation suggest that it should have a modest issuer should not exceed 6% of and has an absolute return objective. 131 risk profile where a principal attribute the market value of the total The investment universe is broad and is capital preservation. bond portfolio. therefore the risk appetite is higher Structured notes (primarily callable), than the IOC portfolio. Types of investments permitted include: maximum 20% of the market value of the bond portfolio. External mandates for some specific Money market instruments, notes investments are permitted. and bonds For Euro Commercial Papers (ECPs): Euro Commercial Papers (ECPs) Types of investments permitted include: Foreign-exchange spot and forwards ECPs are booked as money Structured products with 100% market instruments. Money market instruments, notes, capital guarantees The securities shall have a short- bonds and bond funds Foreign-exchange options term rating of A-3 or above by Euro Commercial Papers (ECPs) Interest rates swaps and Standard & Poor’s. Common equities and exchange- derivatives such as options, FRAs The maturity shall not exceed traded funds (ETFs) or swaptions 12 months. Mutual funds which invest in securities Money market funds described above For derivatives: Emerging market debt and equity funds All other types of investments require Alternative investments, such as funds prior approval of the Treasury Committee Short options are permitted for the of private equity or hedge funds and/or the Finance Commission. purpose of yield enhancement and are Real estate funds or real estate always covered by an underlying asset direct investments For fixed-income securities, the following in the portfolio. Commodities limits shall apply: Forward foreign-exchange contracts Structured products with 100% are always covered by an underlying capital guarantee The securities shall have a rating of asset in the portfolio. Foreign-exchange spot and forwards A or above on the Bloomberg Securities lending operations Options on foreign exchange Composite Rating. If a rating falls are forbidden. and rates
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
For fixed-income securities, the following The proportion of the portfolio invested Currency allocation: limits shall apply: in equities cannot exceed 30% of the Olympic Foundation investments can be total market value of the portfolio. made in every convertible currency. Ratings: the following Bloomberg Nevertheless, the following ranges should Composite Rating limits shall apply: For alternative investments, the following be maintained and respected: AAA and AA bonds 55-100% limits shall apply: A bonds 0-40% 80-100% of the total of investments BBB, BB and B bonds 0-5% The proportion of the portfolio invested in USD Unrated bonds are not permitted. in alternative investments, such as 0-20% of the total of investments The duration of the fixed-income hedge funds and funds of funds, in EUR portfolio shall not exceed 10 years, cannot exceed 15% of the total 0-10% of the total of investments and the 90-day value-at-risk must market value of the portfolio. in CHF remain below 9% of the market value. 0-5% of the total of investments Total exposure to any one corporate For commodities investments, the following in other currencies 132 issuer should not exceed 6% of the limits shall apply: market value of the total bond portfolio. Custodian banks: Structured notes with principal Investments shall be limited to 10% of The Olympic Foundation assets should protection should not exceed 20% of the market value of the total portfolio. be held in several banks for diversification the market value of the bond portfolio. purposes. None of them should have For real estate investments, the following more than 70% of the global portfolio. For Euro Commercial Papers (ECPs): limits shall apply:
ECPs are booked as money Direct investments in real estate market instruments. as well as real estate funds shall be The securities shall have a short-term limited to 10% of the market value of rating of A-3 or above by Standard the total portfolio. & Poor’s. The maturity shall not exceed For derivatives: 12 months. Short options are permitted for the For common equities, the following purpose of yield enhancement and are limits shall apply: always covered by an underlying asset in the portfolio. Positions in any single equity must Forward foreign-exchange contracts be limited to 6% of the market value are always covered by an underlying of the equity portfolio. Positions in one asset in the portfolio. single equity fund and fund of funds Securities lending operations are must be limited to 12% of the equity forbidden. portfolio. Emerging market equities cannot All other types of investments require exceed 20% of the market value of prior approval of the Treasury Committee the equity portfolio. and/or the Finance Commission.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
Olympic Solidarity Portfolio For Euro Commercial Papers (ECPs): TOP programme portfolio
The strategy consists of managing ECPs are booked as money Like Olympic Solidarity, the TOP the biennial IOC allocations and matching market instruments. programme has one operational the investments with the forecasted The securities shall have a short- portfolio and one surplus fund. outflows. The portfolio should have a term rating of A-3 or above by low-risk profile where a principal Standard & Poor’s. The TOP programme surplus fund was objective is capital preservation. The maturity shall not exceed set up in 2009 with the marketing profits It is short-term oriented and has an 12 months. from previous TOP programmes. Its absolute return objective. purpose is to cover a possible deficit of ii. Olympic Solidarity surplus fund the TOP IX programme. If there is no i. Olympic Solidarity operational funds deficit, the investments will be extended After the Olympic Games London to future programmes. Types of investments permitted include: 2012, a reserve fund was created. The aim of this fund is to cover potential Since the business model of the 133 Money market instruments, notes smaller future allocations from the IOC. TOP programme is similar to that for and bonds Olympic Solidarity, by analogy, the same Euro Commercial Papers (ECPs) The fund can be invested in all types investment policies apply. However, of products detailed under section the TOP programme investments can For fixed-income securities, the following 1 and, up to a maximum of 50% of be in several currencies. limits shall apply: the surplus fund, in the additional following instruments: All other types of investments require prior Ratings: the following Bloomberg approval of the Marketing Commission. Composite Rating limits shall apply: Common equities and exchange- AAA and AA bonds 50-100% traded funds (ETFs) Benchmarks A bonds 0-50% Emerging market debt and equity If a bond is suddenly downgraded funds Each category of investment allocated below A, the IOC Finance Department Alternative investments, such as to the IOC portfolios should have an will notify Olympic Solidarity in order to mutual funds or hedge funds which identified benchmark index. These would make a deeper analysis and reassess invest in securities described above be used to compare the actual total return the risk. of the components of the IOC portfolios The duration of the fixed-income All investments will be carried out in with a corresponding passive index. portfolio shall not exceed five years, USD-denominated assets. and the 90-day value at risk must Reporting remain below 6% of the market value. All other types of investments require Total exposure to any group corporate prior approval of the Olympic Solidarity Reports on the investment portfolios issuer should not exceed 6% of the Commission. must be presented to the Finance market value of the total bond Commission on a semi-annual basis portfolio, including the surplus fund. and quarterly to the Treasury Committee. In addition, a dashboard report is issued every month and sent to management. This report assesses the full compliance
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
of investments with risk policies. c) Strategy managing own funds d) Fair value estimation Any deviation is underlined and the follow-up and the final decision are Funds balances include designated funds The following table analyses financial taken by management. which are set aside for the financing of instruments carried at fair value, the Olympic Solidarity programme and to by valuation method. The different Policy exceptions and updates fulfil engagements related to the Olympic levels have been defined as follows: Movement Fund. Undesignated funds are Policy exceptions may be approved in kept for the purpose of financing the Quoted prices (unadjusted) in active the event that unusual market conditions Olympic Foundation portfolio and the markets for identical assets or require immediate action, and it is Group working capital. liabilities (Level 1) not feasible to convene the Finance Inputs other than quoted prices Commission. In the case of any proposed included within level 1 that are actions that could result in exceeding a observable for the asset or liability, policy limit, approval must be obtained either directly (that is, as prices) or 134 at least from the IOC Finance Director indirectly (that is, derived from prices) and one other member of the Treasury (Level 2) Committee, one of whom must be either Inputs for the asset or liability that are the IOC President or the Chair of the not based on observable market data Finance Commission, before proceeding. (that is, unobservable inputs) (Level 3) At the following Treasury Committee meeting, the transaction(s) must be presented for ratification.
During 2017, the dashboard did not reveal any significant discrepancy with the risk management policies.
During 2016, the dashboard did not reveal any significant discrepancy with the risk management policies. Two positions were over limit by the end of the year but were reduced during the first quarter of 2017.
These policies shall be reviewed every two years and should contain a reassessment of the portfolio objectives, risk profiles, permitted investments/ currencies and asset allocation mix.
The last update was made in December 2017 and was approved by the IOC Finance Commission on 4 December 2017.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
The following table presents the Group’s assets and liabilities that are measured at fair value at 31 December 2017.
USD 000 Level 1 Level 2 Level 3 Total Financial assets and liabilities at fair value through profit or loss: – Bank deposits 75 389 – – 75 389 – Money market funds 277 821 – – 277 821 – Bonds 1 195 528 – – 1 195 528 – Equity 159 707 – 9 862 169 569 – Alternative investments – 233 463 – 233 463 – Real estate 73 987 – – 73 987 – Commodities 10 265 – – 10 265 – Derivative financial instruments – (15 302) – (15 302) Total assets and liabilities 1 792 697 218 161 9 862 2 020 720 135
The following table presents the Group’s assets and liabilities that are measured at fair value at 31 December 2016.
USD 000 Level 1 Level 2 Level 3 Total Financial assets and liabilities at fair value through profit or loss: – Money market funds 4 314 – – 4 314 – Bonds 1 087 770 – – 1 087 770 – Equity 140 460 – 10 056 150 516 – Alternative investments – 228 875 – 228 875 – Real estate 69 232 – – 69 232 – Commodities 9 725 – – 9 725 – Derivative financial instruments – (15 011) – (15 011) Total assets and liabilities 1 311 501 213 864 10 056 1 535 421
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
The fair value of financial instruments Group is the last daily quoted price. techniques. These valuation techniques traded in active markets is based These instruments are included in maximise the use of observable market on quoted market prices at the Level 1. Instruments included in Level 1 data where it is available and rely as little balance sheet date. A market is comprise primarily equity investments, as possible on entity specific estimates. regarded as active if quoted prices bonds, commodities and bank deposits If all significant inputs required to fair are readily and regularly available from classified as financial assets at fair value value an instrument are observable, an exchange, dealer, broker, industry through profit or loss. the instrument is included in Level 2. group, pricing service or regulatory agency, and those prices represent The fair value of financial instruments that If one or more of the significant inputs actual and regularly occurring market are not traded in an active market (for is not based on observable market transactions. The quoted market price example, over-the-counter derivatives) data, the instrument is included in used for financial assets held by the is determined by using valuation Level 3.
136 The following table presents the changes in Level 3 instruments for the year ended 31 December 2017.
USD 000 Equity Total Opening balance 10 056 10 056 Purchases of level 3 instruments 2 965 2 965 Sales of level 3 instruments (2 573) (2 573) Gains and losses recognised in profit or loss (586) (586) Closing balance 9 862 9 862 Total gains or losses for the period included in the Statement of Activities for assets held at the end of the reporting period (586) (586)
The following table presents the changes in Level 3 instruments for the year ended 31 December 2016.
USD 000 Equity Total Opening balance 10 722 10 722 Purchases of level 3 instruments – – Sales of level 3 instruments (1 376) (1 376) Gains and losses recognised in profit or loss 710 710 Closing balance 10 056 10 056 Total gains or losses for the period included in the Statement of Activities for assets held at the end of the reporting period 710 710
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
4. Cash and Cash Equivalents
USD 000 2017 2016 Cash at bank and in hand 669 672 811 139 Bank deposits: – in USD 39 700 158 092 – in JPY 48 807 – Total cash and cash equivalents 758 179 969 231
5. Financial Assets 137 a) Movements in financial assets at fair value through profit or loss
USD 000 2017 2016 For the year ended 31 December Opening net book amount 1 550 934 1 919 033 Additions 994 263 403 430 Disposals (599 974) (770 343) Gains/(losses) on sale of financial assets (note 25) 1 705 (2 936) Exchange gains/(losses) 51 388 (15 691) Increase/(decrease) in market value 39 732 17 441 Closing net book amount 2 038 048 1 550 934
As at 31 December Current 1 291 968 836 017 Non-current (note 5c) 746 080 714 917 Total of financial assets at fair value through profit or loss 2 038 048 1 550 934
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
b) Financial assets at fair value through profit or loss by portfolio and classes
USD 000 2017 2016 a) International Olympic Committee Bank deposits 4 432 – Bonds 319 430 460 067 Derivative financial instruments 2 026 498 325 888 460 565 b) Olympic Foundation Bank deposits 4 961 – Money market funds 10 499 4 314 Bonds 521 458 462 095 Equity 169 569 150 516 Alternative investments 138 392 135 463 Real estate 73 987 69 232 Commodities 10 265 9 725 Derivative financial instruments – 5 138 929 131 831 350 c) Olympic Solidarity Bank deposits 65 996 – Bonds 344 919 160 950 Alternative investments 95 071 92 978 505 986 253 928 d) TOP programme Money market funds 267 322 – Bonds 9 721 4 657 Alternative investments – 434 277 043 5 091
Total portfolios 2 038 048 1 550 934
Total by classes Bank deposits 75 389 – Money market funds 277 821 4 314 Bonds 1 195 528 1 087 769 Equity 169 569 150 516 Alternative investments 233 463 228 875 Real estate 73 987 69 232 Commodities 10 265 9 725 Derivative financial instruments 2 026 503 2 038 048 1 550 934
Note that cash and cash equivalents are not included in the figures above.
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c) Non-current financial assets
USD 000 2017 2016 Advances to Organising Committees for the Olympic Games: – PyeongChang 2018 – 125 163 – Tokyo 2020 21 388 7 098 – Beijing 2022 2 965 – Television broadcasting rights receivable 49 907 157 486 Financial assets at fair value through profit or loss (note 5a) 746 080 714 917 Loan to associates 3 134 2 996 Deferred tax receivable 2 548 2 541 Guarantee deposits 3 769 3 647 Other financial assets 289 610 Total financial assets – non-current 830 080 1 014 458
The advances to host cities’ OCOGs are guaranteed by their respective governments, which had the following Standard & Poor’s ratings as of 31 December 2017: the Republic of Korea government (PyeongChang 2018) AA (2016: AA); the Japanese 139 government (Tokyo 2020) A+ (2016: A+); and the Chinese government (Beijing 2022) A+.
At 31 December 2017, TV broadcasting rights receivable is concentrated on a single counterpart rated A– by Standard & Poor’s, as in 2016.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
d) Financial assets by category
Financial assets at fair value through Loans and USD 000 profit or loss receivables Total Assets as per Statement of Financial Position at 31 December 2017 Current assets: – Cash and cash equivalents (note 4) – 758 179 758 179 – Financial assets at fair value through profit or loss (note 5a) 1 291 968 – 1 291 968 – Receivables and other current assets (note 7) – 720 726 720 726 Non-current assets: – Financial assets (note 5c) 746 080 84 000 830 080 140 Total 2 038 048 1 562 905 3 600 953
Assets as per Statement of Financial Position at 31 December 2016 Current assets: – Cash and cash equivalents (note 4) – 969 231 969 231 – Financial assets at fair value through profit or loss (note 5a) 836 017 – 836 017 – Receivables and other current assets (note 7) – 113 372 113 372 Non-current assets: – Financial assets (note 5c) 714 917 299 541 1 014 458 Total 1 550 934 1 382 144 2 933 078
Except where mentioned in the relevant notes, the carrying amount of each class of financial assets disclosed in the table above approximates the fair value.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
6. Investments in Associates
The Group’s investments in associates are comprised of various entities active in the management and development of real estate in Switzerland. All associates are unlisted.
The table below provides summarised financial information of the Group’s associates. The information disclosed below reflects the amounts presented in the financial statements of the relevant associates and not the Group’s share of those amounts.
USD 000 Assets Liabilities Revenues Profit/(loss) 2017 74 674 39 525 11 636 940 2016 73 415 38 947 15 519 1 822
Net asset movement of the Group’s associates:
USD 000 2017 2016 141 At 1 January 34 468 39 350 Acquisition/disposals – (5 059) Profit/(loss) for the period 940 1 822 Dividends paid (688) (1 024) Foreign exchange differences 429 (621) Closing net assets 35 149 34 468
The carrying value of the Group’s investments in associates is:
USD 000 2017 2016 Interest in associates 9 384 9 299 Carrying value 9 384 9 299
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7. Receivables and Other Current Assets
USD 000 2017 2016 Advances to Organising Committees for the Olympic Games: – PyeongChang 2018 192 526 14 930 Receivables from Organising Committees for the Olympic Games: – Rio 2016 – 43 – PyeongChang 2018 – 1 857 – Tokyo 2020 8 933 8 741 – Beijing 2022 26 830 – – Other Organising Committees 36 – TOP rights receivable 168 8 109 Television broadcasting rights receivable 410 522 1 052 Recoverable withholding taxes and VAT 17 258 49 770 Accrued income 7 200 – Accrued interest receivable 14 901 7 399 142 Prepaid expenses and advances 30 019 7 973 Olympic souvenirs and awards 1 894 2 143 Other receivables 10 439 11 355 Total receivables and other current assets 720 726 113 372
At 31 December 2017, a receivable of USD 3.7 million was past due. As of 31 December 2016, a receivable of USD 0.7 million was past due.
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8. Tangible Fixed Assets
Leasehold Land, improvements, buildings, furniture and Broadcasting Construction USD 000 installations equipment Hardware equipment Collections in progress Total At 1 January 2016 Cost 140 490 44 457 8 805 66 797 43 493 27 330 331 372 Accumulated depreciation (32 789) (19 100) (5 044) (55 433) (9 648) – (122 014) Net book amount 107 701 25 357 3 761 11 364 33 845 27 330 209 358
Year ended 31 December 2016 Opening net book amount 107 701 25 357 3 761 11 364 33 845 27 330 209 358 Exchange differences (1 692) (685) (402) (215) – 66 (2 928) Additions/disposals, net 260 6 737 9 694 7 797 182 10 891 35 561 Transfer, net 513 2 453 (961) 12 767 (18 789) (15 789) (19 806) Depreciation charge (6 748) (6 231) (2 251) (17 844) (847) – (33 921) Closing net book amount 100 034 27 631 9 841 13 869 14 391 22 498 188 264
At 31 December 2016 143 Cost 109 918 47 720 15 318 85 366 14 908 22 498 295 728 Accumulated depreciation (9 884) (20 089) (5 477) (71 497) (517) – (107 464) Net book amount 100 034 27 631 9 841 13 869 14 391 22 498 188 264
Year ended 31 December 2017 Opening net book amount 100 034 27 631 9 841 13 869 14 391 22 498 188 264 Exchange differences 4 080 1 920 1 142 1 161 – 11 8 314 Additions/disposals, net 5 744 1 361 2 418 (1 624) 38 866 41 770 Transfer, net – 378 9 – (1 095) (393) (1 101) Depreciation charge (2 339) (6 152) (3 508) (1 267) (146) – (13 412) Closing net book amount 101 780 24 521 8 845 16 181 11 526 60 982 223 835
At 31 December 2017 Cost 114 119 48 729 18 450 89 975 13 148 60 982 345 403 Accumulated depreciation (12 339) (24 208) (9 605) (73 794) (1 622) – (121 568) Net book amount 101 780 24 521 8 845 16 181 11 526 60 982 223 835
Reconciliation of the depreciation charge (USD 000) 2017 2016 Included in: – Operating expenditure (note 22) 2 009 7 507 – Promotion of the Olympic Movement (note 23) 10 163 7 691 – Olympic Games-related expenditure (note 18) – 18 308 – Youth Olympic Games-related expenditure (note 19) – 415 – Olympic Games-related deferred expenditure (note 11) 1 240 – Total depreciation – tangibles 13 412 33 921
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9. Intangible Fixed Assets
Intangibles Software Multimedia under USD 000 and licences and library Collections construction Total At 1 January 2016 Cost 44 757 40 921 – 8 460 94 138 Accumulated amortisation (40 985) (5 416) – – (46 401) Net book amount 3 772 35 505 – 8 460 47 737
Year ended 31 December 2016 Opening net book amount 3 772 35 505 – 8 460 47 737 Exchange differences (600) – – 1 (599) Additions/disposals, net 15 185 3 465 326 (1 081) 17 895 Transfer, net 1 380 3 967 21 558 (7 099) 19 806 Amortisation charge (2 928) (11 931) (2) – (14 861) Closing net book amount 16 809 31 006 21 882 281 69 978
144 At 31 December 2016 Cost 31 806 46 958 31 429 281 110 474 Accumulated amortisation (14 997) (15 952) (9 547) – (40 496) Net book amount 16 809 31 006 21 882 281 69 978
Year ended 31 December 2017 Opening net book amount 16 809 31 006 21 882 281 69 978 Exchange differences 1 852 – – 5 1 857 Additions/disposals, net 3 472 4 834 1 760 3 194 13 260 Transfer, net 2 882 – 1 075 (2 856) 1 101 Amortisation charge (5 856) (12 134) (2) – (17 992) Closing net book amount 19 159 23 706 24 715 624 68 204
At 31 December 2017 Cost 40 669 51 792 29 626 624 122 711 Accumulated amortisation (21 510) (28 086) (4 911) – (54 507) Net book amount 19 159 23 706 24 715 624 68 204
Reconciliation of the amortisation charge (USD 000) 2017 2016 Included in: – Operating expenditure (note 22) 13 670 13 304 – Promotion of the Olympic Movement (note 23) 3 762 1 075 – Olympic Games-related expenditure (note 18) – 482 – Olympic Games-related deferred expenditure (note 11) 560 – Total amortisation – intangibles 17 992 14 861
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10. Accounts Payable and Accrued Expenses
USD 000 2017 2016 Current liabilities Payable to Organising Committees for the Olympic Games: – Rio 2016 – 10 786 – PyeongChang 2018 6 689 – TOP rights income to be distributed 3 752 1 657 Revenue to be redistributed to the Olympic Movement – 58 980 Other payables 49 684 80 606 Accrued expenses 70 723 39 111 Total accounts payable and accrued expenses 130 848 191 140
Non-current liabilities Payable to Organising Committees for the Olympic Games: – Tokyo 2020 71 895 – 145 Accrued expenses 11 530 – Deferred tax liabilities 10 554 Total accounts payable and accrued expenses 83 435 554
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11. Olympic Games-Related Advances, Deferred Income and Expenditure
a) Advances on TV rights
2017 2016 Less TV rights Less TV rights Total advances allocated Total advances allocated USD 000 on TV rights to USOC Advances, net on TV rights to USOC Advances, net 2018 Olympic Winter Games 822 086 (27 584) 794 502 428 644 (23 715) 404 929 2020 Olympic Summer Games 532 664 (504) 532 160 185 793 (1 823) 183 970 2022 Olympic Winter Games 15 738 (1 224) 14 514 15 560 (1 224) 14 336 2024 Olympic Summer Games 33 433 (1 964) 31 469 32 978 (1 964) 31 014 Future Olympic Games 53 887 (6 566) 47 321 53 887 (6 566) 47 321 Total 1 457 808 (37 842) 1 419 966 716 862 (35 292) 681 570
146 Current portion 822 086 (27 584) 794 502 – – – Non-current portion 635 722 (10 258) 625 464 716 862 (35 292) 681 570 Total 1 457 808 (37 842) 1 419 966 716 862 (35 292) 681 570
b) Deferred income
USD 000 2017 2016 2018 Olympic Winter Games 90 206 15 192 2020 Olympic Summer Games 87 157 53 487 2022 Olympic Winter Games 26 808 – TOP programme 116 712 95 695 Future Youth Olympic Games 68 43 Total 320 951 164 417
Current portion 203 914 95 695 Non-current portion 117 037 68 722 Total 320 951 164 417
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c) Deferred expenditure
USD 000 2017 2016 2018 Olympic Winter Games 158 656 55 564 2020 Olympic Summer Games 42 750 26 984 2022 Olympic Winter Games 17 550 5 366 2024 Olympic Summer Games 11 836 2 511 Future Olympic Games and Youth Olympic Games 5 950 3 891 Total 236 742 94 316
Current portion 163 321 – Non-current portion 73 421 94 316 Total 236 742 94 316 147
12. 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 2017, as in 2016.
The following tables set forth the status of the pension plan and the amounts recognised in the Statement of Financial Position at 31 December 2017 and 2016:
USD 000 2017 2016 Projected benefit obligations 192 087 176 010 Fair value of plan assets (149 984) (128 079) Net liability recognised in the Statement of Financial Position 42 103 47 931
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The movement in the defined benefit obligations over the year is as follows:
Defined benefit Fair value of USD 000 obligations plan assets Total At 1 January 2017 176 010 (128 079) 47 931 Current service cost 10 958 – 10 958 Interest expense/(income) 1 097 (798) 299 Expense in the Statement of Activities 12 055 (798) 11 257
Remeasurements: – Return on plan assets, excluding amounts included in interest expense/(income) – (11 244) (11 244) – Experience loss/(gain) (1 281) – (1 281) Amount recognised in other comprehensive income (1 281) (11 244) (12 525)
148 Exchange differences 8 128 (5 981) 2 147 Contributions: – Employer – (6 707) (6 707) – Employees 4 544 (4 544) – Benefits paid (7 369) 7 369 – At 31 December 2017 192 087 (149 984) 42 103
At 1 January 2016 153 530 (120 048) 33 482 Current service cost 9 341 – 9 341 Impact change in plan (2 244) – (2 244) Interest expense/(income) 1 165 (910) 255 Expense in the Statement of Activities 8 262 (910) 7 352
Remeasurements: – Return on plan assets, excluding amounts included in interest expense/(income) – (141) (141) – Experience loss/(gain) 14 820 – 14 820 Amount recognised in other comprehensive income 14 820 (141) 14 679
Exchange differences (3 682) 2 581 (1 101) Contributions: – Employer – (6 481) (6 481) – Employees 4 466 (4 466) – Benefits paid (1 386) 1 386 – At 31 December 2016 176 010 (128 079) 47 931
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The actual return on plan assets was a gain of USD 12.1 million in 2017 (2016: USD 1.1 million).
The assumptions used for the calculations are as follows:
2017 2016 Discount rate used in determining present values 0.65% 0.60% Annual rate of increase in future compensation levels 1.50% 1.50% Expected rate of future increases in pension benefits 0.00% 0.00% Expected long-term rate of return on plan assets 0.65% 0.60% Mortality assumption LPP2015_G LPP2015_G
As an indication of the sensitivity of the above estimates, a decrease in the discount rate of 0.5% per annum would, all other things being equal, increase the obligations by USD 26.9 million (2016: USD 17.0 million). Changes in the other assumptions disclosed above do not lead to significant changes in the obligations. 149
The asset allocation at 31 December is:
USD 000 2017 2016 Cash 7 226 14 572 Equity 42 128 33 583 Bonds 62 200 52 707 Real estate 29 643 19 665 Others 8 787 7 552 Total 149 984 128 079
Expected contributions to post-employment benefits plans for the year ending 31 December 2018 are USD 7.3 million.
The weighted average duration of the defined benefit obligations is 17.5 years in 2017 (2016: 17.7 years).
Expected maturity analysis of undiscounted pension benefit payments for the next ten years is as follows:
At 31 December 2017 USD 000 2018 3 095 2019 3 068 2020 3 334 2021 3 287 2022 3 247 2023-2027 19 697
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13. Financial Liabilities
USD 000 2017 2016 Current liabilities: – Derivatives financial instruments 2 413 6 095 Total current financial liabilities 2 413 6 095
Non-current liabilities: – Bank borrowings 38 513 8 752 – Derivatives financial instruments 14 915 9 418 Total non-current financial liabilities 53 428 18 170
The Group has contracted a loan up to maximum of CHF 120 million to finance the construction of its new headquarters in 150 Lausanne. Upon IOC notification to the bank, advances amounting to at least CHF 1 million are made in accordance with the progression of the construction. The first instalment was transferred in 2016. At each quarter, the credit facilities paid by the bank are converted into a mortgage loan. As a security, CHF 40 million of the Olympic Foundation’s assets are pledged in favour of the bank. In 2017, borrowing costs amounting to USD 655 thousand (2016: USD 64 thousand) have been capitalised in the construction-in-progress in the Statement of Financial Position (Tangible fixed assets). Borrowing costs were recognised at the rate of 1.46%, which is also the effective interest rate of the borrowings.
The fair value of derivatives that are designated and effective as cash flow hedges (hedge accounting) is USD -10.2 million (2016: USD -4.9 million).
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
14. Designated Funds
This table represents movement in the designated funds related to the Olympic Solidarity programmes and the Olympic Movement Fund. Olympic Olympic Solidarity Movement USD 000 programme Fund Total Balance at 1 January 2016 (restated) 292 753 38 046 330 799 NOC share of revenue distribution (note 21) 428 430 – 428 430 Funds earmarked for the Olympic Movement (note 21) – 110 000 110 000
Use of funds: – Olympic Solidarity programme (note 20) (113 427) – (113 427) – Operating expenditure (4 240) (1 354) (5 594) – Allocation to the World Anti-Doping Agency – (14 431) (14 431) – Allocation to the International Council of Arbitration for Sport – (7 617) (7 617) 151 – Financial assistance to other organisations of the Olympic Movement – (13 415) (13 415) Balance at 31 December 2016 (restated) 603 516 111 229 714 745
Use of funds: – Olympic Solidarity programme (note 20) (95 858) – (95 858) – Operating expenditure (7 457) (2 988) (10 445) – Allocation to the World Anti-Doping Agency – (15 677) (15 677) – Allocation to the International Council of Arbitration for Sport – (7 712) (7 712) – Financial assistance to other organisations of the Olympic Movement 502 (11 039) (10 537)
Financial income, net 6 896 – 6 896 Balance at 31 December 2017 507 599 73 814 581 413
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15. Television Broadcasting Rights Revenue
USD 000 2017 2016 Olympic Games broadcasting rights revenues by region Americas – 1 596 268 Europe – 649 127 Africa – 43 366 Asia – 524 574 Oceania 13 733 54 225 13 733 2 867 560
Youth Olympic Games broadcasting rights revenues – 1 040 Total revenues from television broadcasting rights 13 733 2 868 600
152
16. Other Rights
USD 000 2017 2016 Royalties: – OCOG marketing programme 3 625 82 161 – Suppliers – 7 267 – Licensing 2 192 4 967 – Other 1 544 4 306 Total other rights 7 361 98 701
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
17. Other Revenues
USD 000 2017 2016 Unilateral and Paralympic broadcasting revenues – 119 875 Other revenues 9 065 20 850 Total other revenues 9 065 140 725
18. Olympic Games-Related Expenditure 153
USD 000 2017 2016 Expenditure in relation to the Olympic Summer Games 2016 Broadcasting costs – 321 079 Candidacy, Evaluation Commission and Coordination Commission costs – 14 321 Technology costs – 8 002 IOC operations – 43 421 Contributions to NOCs including grants for travel, equipment and athletes – 39 790 Services delivered to athletes – 3 913 Contribution to anti-doping programme – 3 779 Knowledge transfer programme – 2 391 Marketing programme: TV rights costs – 10 454 Insurance premium for Games cancellation – 14 384 Other costs – 2 210 Total expenditures in relation to the Olympic Summer Games 2016 – 463 744
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Broadcasting costs include equipment, production and telecommunication costs incurred by the Group to broadcast the live television and radio signals to the Olympic Summer Games Rio 2016:
USD 000 2017 2016 Broadcasting costs Broadcast equipment and construction – 109 392 Depreciation of broadcasting equipment – 18 790 Salaries and social charges – 44 880 Games operations workforce – 48 122 Logistics – 54 921 Production – 13 966 Telecommunications – 15 418 Administrative and other expenses – 15 590 Total broadcasting costs – 321 079 154
19. Youth Olympic Games-Related Expenditure
USD 000 2017 2016 Expenditure in relation to the Youth Olympic Games 2016 Broadcasting costs – 2 175 Depreciation of broadcasting equipment – 415 Candidacy, Evaluation Commission and Coordination Commission costs – 960 Technology costs – 536 IOC operations – 12 571 Other costs – 2 749 Total expenditures in relation to the Youth Olympic Games 2016 – 19 406
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
20. Olympic Solidarity Programme
USD 000 2017 2016 Previous years’ programmes (3 428) (3 439)
Current year’s programmes Continental Programmes 55 162 45 444
Olympic Solidarity World Programmes: – Olympic Scholarships for Athletes 8 875 9 666 – Team Support Grants 2 883 1 927 – Continental Athlete Support Grants 1 925 2 749 – Youth Olympic Games – Athletes Support 2 889 1 438 – Athlete Career Transition 85 – – Refugee Athlete Support 310 – – Technical Courses for Coaches 2 860 3 765 155 – Olympic Scholarships for Coaches 2 056 2 122 – Development of National Sports System 1 301 1 876 – NOC Administration Development 10 336 9 167 – National Courses for Sports Administrators 1 340 1 127 – International Executive Courses in Sports Management 902 778 – NOC Solidarity Exchanges – 350 – Sports Medicine and Protection of Clean Athletes 431 966 – Sustainability in Sport 112 402 – Gender Equality and Diversity 245 392 – Sport for Social Development 991 1 323 – Olympic Education, Culture and Legacy 1 850 2 865 – Forums and Workshops 2 174 523 – Special Projects 1 842 1 999 43 407 43 435
Technical support services and others 717 27 987
Total current year programmes 99 286 116 866
Total Olympic Solidarity programmes 95 858 113 427
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
21. Revenue Distribution
In application of the recommendation made during the XIII Olympic Congress in Copenhagen in 2009, distributable revenues include cash and Value in Kind revenues from television broadcasting rights, TOP rights and part of the royalties income. Revenues distributed to OCOGs and the USOC, and Olympic Games-related expenditure, are deducted from the revenues to calculate the equal shares attributable to the IFs, the NOCs and the IOC.
The amounts recognised in the Statement of Activities are as follows:
USD 000 2017 2016 Allocations Revenue TOP programme Total Revenue TOP programme Total Tokyo 2020 Organising Committee – 87 578 87 578 – – – PyeongChang 2018 Organising Committee – 74 842 74 842 – – – Rio 2016 Organising Committee – – – 765 169 231 085 996 254 Sochi 2014 Organising Committee – – – – 11 640 11 640 156 USOC – 91 576 91 576 160 650 35 609 196 259 IFs – – – 540 280 – 540 280 NOCs – 77 851 77 851 428 430 52 235 480 665 Funds earmarked for allocation – – – 110 000 – 110 000 Marketing in kind and other costs – 8 749 8 749 – 46 838 46 838 – 340 596 340 596 2 004 529 377 407 2 381 936 Olympic Movement Fund share of revenue reserved – – – (110 000) – (110 000) in designated funds NOCs’ share of revenue reserved in designated funds – – – (428 430) – (428 430) Distribution of revenue to OCOGs, NOCs, USOC and IFs – 340 596 340 596 1 466 099 377 407 1 843 506
For the 2016 Olympic Games, the 2016 global allocation of revenues to the Olympic Movement, which included amounts paid or payable prior to 2016, was as follows:
USD 000 2016 gross distributable revenues after deduction of contribution to Rio 2016 OCOG, USOC and Games-related expenditure 1 620 840 Allocations to: – IFs 540 280 – NOCs 540 280 – IOC 540 280 Total 1 620 840
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22. Operating Expenditure
USD 000 2017 2016 Salaries and social charges 84 101 76 972 Press, publications and public relations 2 182 6 199 External services 23 102 26 156 Session, Executive Board and commission expenses 21 209 10 621 Transport, travel and residence expenses 6 628 7 515 Maintenance, supplies and other expenses 17 012 22 492 Income taxes 438 2 234 Depreciation (note 8) and amortisation (note 9) 15 679 20 811 Total operating expenditure 170 351 173 000
157
23. Promotion of the Olympic Movement
USD 000 2017 2016 Olympic Channel 73 100 63 600 Culture and heritage 43 355 38 487 Total promotion of the Olympic Movement 116 455 102 087
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24. Salaries and Social Charges
USD 000 2017 2016 Salaries and other staff costs 93 182 127 260 Social security costs 13 255 17 082 Pension costs 11 891 8 730 Total salaries and social charges 118 328 153 072
The total salaries and social charges above comprise salaries and social charges presented under the financial statement line items Olympic Games-related expenditure (note 18), Youth Olympic Games-related expenditure (note 19), Operating expenditure (note 22) and Promotion of the Olympic Movement (note 23).
The salaries and social charges classified as Broadcasting costs in 2017 are deferred in the Statement of Financial Position and will be recognised in the Statement of Activities (note 2e) upon successful completion of the 158 related Olympic Games and Youth Olympic Games. Therefore, the decrease in salaries and social charges in 2017 is mainly driven by the absence of salaries and social charges related to the Broadcasting costs of 2017, whereas in 2016, the Broadcasting costs related to the 2016 Olympic Games and Youth Olympic Games were recognised in the Statement of Activities (2016: USD 45.2 million).
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS FINANCIAL STATEMENTS
25. Financial Income/(Expense), Net
USD 000 2017 2016 Interest income and dividend 43 713 41 128 Interest expense (89) (22) Fair value increase/(decrease) on financial assets at fair value through profit or loss, net 39 625 13 671 Gains/(losses) on sale of financial assets at fair value through profit or loss, net (note 5a) 1 705 (2 936) Net foreign exchange gains/(losses) 52 831 (13 217) Other financial expense (3 617) (2 914) Total financial income/(expense), net 134 168 35 710
159 26. Related Party Transactions
Identity of related parties
IOC Members are natural persons. The total number of IOC Members may not exceed 115. As of December 31, 2017, the IOC has 100 Members, 42 Honorary Members, 2 Honour Members and 1 Honorary President. From the Group’s perspective, the following persons are regarded as related parties: the President, the Executive Board members and the members of the executive management.
Transactions with related parties The IOC Members including the IOC President are volunteers. Upon request by the IOC Members (following a simple process), some of the personal administrative expenses related to the execution of their respective functions within the IOC are compensated by fixed amounts. This amount varies in relation to the various functions. These costs are included in the Statement of Activities under Session, Executive Board and commission expenses.
Travel and accommodation expenses during the execution of the IOC Members’ functions are covered by the IOC.
CREDIBILITY, SUSTAINABILITY, YOUTH IOC ANNUAL REPORT 2017 FINANCIAL STATEMENTS CONTENTS
The indemnity policy for the IOC Members and the IOC President is as follows:
IOC Members and IOC Honorary Members Annual administrative support USD 7 000 Daily indemnity for the IOC Members for all types of meetings, including commissions, USD 450 Sessions and Olympic Games (to cover the time of travel, the days before and after the meetings are compensated) Daily indemnity for IOC commission chairs for their own commission meetings 2 x USD 450 (to cover the time of travel, the days before and after the meetings are compensated) Daily indemnity for IOC Executive Board members for Executive Board meetings 2 x USD 450 (to cover the time of travel, the days before and after the meetings are compensated)
The respective indemnities can be and like all other IOC Members, the IOC The executive management of the 160 allocated by the President when he President receives an indemnity to IOC is considered to be the President, requests a Member for a special mission. partially cover his expenses. The the Director General and all Directors These costs are included in the statement President receives neither the fixed of the IOC. As mentioned previously, of activities under Transport, travel and annual support nor the daily indemnity the President is not remunerated. residence expenses. related to all commission meetings or The salaries and short-term benefits other missions that he is entitled to as an of the other members of the executive The IOC President will be treated in IOC Member. The Ethics Commission management amounted to USD 8,505 the same way and entitled to the same decided a single annual fixed amount thousand in 2017 and USD 8,787 indemnity as the Executive Board linked to inflation of EUR 225 thousand thousand in 2016. Their post-employment members during the meetings of the as indemnity, which is included in the benefits amounted to 1,026 thousand in Executive Board and as any IOC President’s expenses disclosed below. 2017 and USD 948 thousand in 2016. Executive Board member during the Olympic Games. In line with the policy, the IOC covers the An annual mechanism is in place to cost of the President’s expenses which declare, highlight and review potential According to the obligations and rights amounted to USD 286 thousand in 2017 business transactions with related attributed to him in the Olympic Charter, and USD 305 thousand in 2016. parties. An automated control mechanism the IOC President has the function of an Consistent with past practice, an annual will flag and communicate to the Chief Executive President. Therefore, the amount of USD 109 thousand is paid by Ethics & Compliance Officer every President is on mission for the IOC 365 the IOC to cover the income tax expense potential business transaction the IOC days a year. In line with past practices related to the IOC President’s activities in is about to sign with one of those related Switzerland. These are included in the parties. Such transactions should be statement of activities under Transport, validated by the IOC Executive Board. travel and residence expenses. In 2017, no such transaction was flagged.
IOC ANNUAL REPORT 2017 CREDIBILITY, SUSTAINABILITY, YOUTH CONTENTS
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