06 Annual Report.Indd
2006 ISAF Annual Report and Financial Statements Contents Part I - Committee Reports 1 President’s Message 3 Secretary General’s Report 5 Constitution Committee 18 Equipment Committee 19 Events Committee 20 2006 ISAF World Sailing Games 22 2006 Volvo Youth Sailing ISAF World Championship 24 ISAF Classes Committee 26 Match Racing Committee 27 Dexia Private Banking ISAF Women’s Match Racing World Championship 2006 29 ISAF Nations Cup 2006 30 Offshore Committee 31 ISAF Offshore Team World Championship 2006 33 Race Officials Committee 34 Racing Rules Committee 36 Regional Games Committee 37 Windsurfing Committee 38 Women’s Sailing Committee 39 Youth and Development Committee 40 2006 ISAF Approved World Champions 42 Part II - Accounts 45 Director’s Report 46 Independent Auditors’ Report to the Members of International Sailing Federation Limited 47 Consolidated Income and Expenditure Account 48 Consolidated Balance Sheet 49 Parent Balance Sheet 50 Consolidated Cash Flow Statement 51 Notes to the Financial Statements 52 Part III - 2007 Budget 59 Income 60 Expenditure 60 3 Part I Committee Reports President’s Message There were continents. Most importantly the ISAF Sailing numerous World Cup© will be a real partnership between achievements ISAF, event organizers, sailors, MNAs, classes, of note in 2006, media, sponsors and other stakeholders to many of which are promote the very exciting world of Olympic highlighted in this sailing. Annual Report. Most importantly Reflecting the increased professionalism of the sport of sailing sailing, I have appointed a working party to look continues to at the professional aspects of our sport, and flourish. to consider the services ISAF could provide, whether it be for sailors or event organizers or The world in which others involved in this arena.
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