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FINANCIAL STATEMENTS
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STATEMENT I: Statement of Financial Position
as at December 31, 2020 (in thousands of Swiss francs)
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Note December 31, 2020 December 31, 2019
ASSETS
Current assets
Cash and cash equivalents 3 143,540 206,031
Investments 4 116,116 18,304
Contributions receivable 5 1,547 2,369
Exchange transactions receivable 5 66,792 73,258
327,995 299,962
Non-current assets
Investments 4 672,344 529,725
Intangible assets 6 24,028 24,461
Property, plant, and equipment 7 358,491 363,539
Other non-current assets 8 7,995 8,185
1,062,858 925,910
TOTAL ASSETS 1,390,853 1,225,872
LIABILITIES
Current liabilities
Payables and accruals 9 15,531 24,036
Employee benefits 10 14,405 11,282
Transfers payable 11 98,228 94,492
Advance receipts 12 317,841 313,787
Finance lease 15 104 -
Provisions 13 986 1,811
Current accounts 71,707 67,623
518,802 513,031
Non-current liabilities
Employee benefits 10 480,936 344,942
Finance lease 15 415 -
Advance receipts 12 3,637 3,672
484,988 348,614
TOTAL LIABILITIES 1,003,790 861,645
Accumulated Surpluses 565,601 418,413
Special Projects Reserve 28,173 39,490
Revaluation Reserve Surplus 20,368 18,532
Actuarial gains/(losses) through Net Assets -233,421 -118,550
Working Capital Funds 6,342 6,342
NET ASSETS 387,063 364,227
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The accompanying notes form an integral part of these financial statements
Director General
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en
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22
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WIPO ANNUAL FINANCIAL REPORT AND FINANCIAL STATEMENTS 2020
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STATEMENT V: Statement of Comparison of Budget and Actual Amounts - Revenue
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for the year ended December 31, 2020
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(in thousands of Swiss francs)
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Original Budget 2020 Updated Budget 2020 Actual Revenue on comparable basis 2020 Difference 2020
(1) (2) (3)
Assessed contributions 17,377 17,377 17,492 115
Fees
PCT system 327,230 349,200 358,557 9,357
Madrid system 79,375 72,610 76,209 3,599
Hague system 6,067 5,270 6,667 1,397
Lisbon system 25 25 7 -18
Sub-total fees 412,697 427,105 441,440 14,335
Arbitration and Mediation 1,650 1,650 2,091 441
Publications 384 384 498 114
Other/miscellaneous 1,822 1,822 1,416 -406
TOTAL REVENUE 433,930 448,338 462,937 14,599
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(1) Original Budget represents the first year of the approved Program and Budget for the 2020/21 biennium.
(2) Updated Budget includes updated revenue estimates for the PCT, Madrid and Hague systems as per the October 2020 Forecast from the Department for Economics and Data Analytics.
(3) Represents the difference between the Updated Budget 2020 and actual revenue on a comparable basis for the year ended December 31, 2020.
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