OF CONTENTS Page Number ANNUAL FINANCIAL REPORT INTRODUCTION 3 FINANCIAL STATEMENT DISCUSSION AND ANALYSIS 3 FINANCIAL STATEMENTS STATEMENT I - Statement of Financial Position 12 STATEMENT II Statement of Financial Performance 13 – STATEMENT III Statement of Changes in Net Assets 14 – STATEMENT IV Statement of Cash Flow 15 – STATEMENT V Statement of Comparison of Budget and Actual Amounts 16 – NOTES TO THE FINANCIAL STATEMENTS 18 Note 1: Objectives and Budget of the Organization 18 Note 2: Significant Accounting Policies 19 Note 3: Cash and Cash Equivalents 25 Note 4: Accounts Receivable, Advances and Prepayments 26 Note 5: Inventories 27 Note 6: Equipment 28 Note 7: Investment Property WIPO as Lessor 29 – Note 8: Intangible Assets 30 Note 9: Land and Buildings 31 Note 10: Other Non-Current Assets 34 Note 11: Accounts Payable 34 Note 12: Employee Benefits 34 Note 13: Transfers Payable 39 Note 14: Advance Receipts 41 Note 15: Borrowings 41 Note 16: Provisions 42 Note 17: Current Liabilities Current Accounts 43 – Note 18: Contingent Assets and Liabilities 43 Note 19: Leases WIPO as Lessee 44 – Note 20: Related Party Transactions 45 Note 21: Reserves and Fund Balance 46 Note 22: Reconciliation of Statement of Budgetary Comparison (Statement 46 V) and Statement of Financial Performance (Statement II) Note 23: Revenue 48 Note 24: Expenses 49 Note 25: Exchange Gain and Loss 49 Note 26: Events After the Reporting Date 50 Note 27: Segment Reporting 50 ANNEX I Statement of Financial Position by Business Unit [Unaudited] 53 – ANNEX II Statement of Financial Performance by Business Unit [Unaudited] 54 – ANNEX III Special Accounts by Donor Contributions 55 –
OF CONTENTS Page Number ANNUAL FINANCIAL REPORT INTRODUCTION 3 FINANCIAL STATEMENT DISCUSSION AND ANALYSIS 3 FINANCIAL STATEMENTS STATEMENT I - Statement of Financial Position 12 STATEMENT II – Statement of Financial Performance 13 STATEMENT III – Statement of Changes in Net Assets 14 STATEMENT IV – Statement of Cash Flow 15 STATEMENT V – Statement of Comparison of Budget and Actual Amounts 16 NOTES TO THE FINANCIAL STATEMENTS 18 Note 1: Objectives and Budget of the Organization 18 Note 2: Significant Accounting Policies 19 Note 3: Cash and Cash Equivalents 25 Note 4: Accounts Receivable, Advances and Prepayments 26 Note 5: Inventories 27 Note 6: Equipment 28 Note 7: Investment Property – WIPO as Lessor 29 Note 8: Intangible Assets 30 Note 9: Land and Buildings 31 Note 10: Other Non-Current Assets 34 Note 11: Accounts Payable 34 Note 12: Employee Benefits 34 Note 13: Transfers Payable 39 Note 14: Advance Receipts 41 Note 15: Borrowings 41 Note 16: Provisions 42 Note 17: Current Liabilities – Current Accounts 43 Note 18: Contingent Assets and Liabilities 43 Note 19: Leases – WIPO as Lessee 44 Note 20: Related Party Transactions 45 Note 21: Reserves and Fund Balance 46 Note 22: Reconciliation of Statement of Budgetary Comparison (Statement V) and Statement of Financial Performance (Statement II) 46 Note 23: Revenue 48 Note 24: Expenses 49 Note 25: Exchange Gain and Loss 49 Note 26: Events After the Reporting Date 50 Note 27: Segment Reporting 50 ANNEX I – Statement of Financial Position by Business Unit [Unaudited] 53 ANNEX II – Statement of Financial Performance by Business Unit [Unaudited] 54 ANNEX III – Special Accounts by Donor Contributions 55
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