financial report 2012 - FIFA.com

63rd FIFA Congress Mauritius, 30 and 31 May 2013

FINANCIAL REPORT 2012

Income statement 2012 USD million

1,200 Financial income

1,050

1,166

1,077

89

77

Financial expenses

177

Development-related expenses

13

900

Exploitation of rights

750 Event-related revenue

600

1,018

569

Event-related expenses

188

Other operating expenses

450 300 150 Other operating income

53 59 Revenue

Expenses

Football governance

89 Result

Balance sheet as at 31 December 2012 USD million

Assets2,683

Liabilities and reserves

2,683

Current assets

Current liabilities

1,168

2,175

Non-current liabilities

137

Reserves1,378 Non-current assets

508

63rd FIFA Congress Mauritius, 30 and 31 May 2013

FINANCIAL REPORT 2012

Contents

2

Chairman of the Audit and Compliance Committee

10

Facts & Figures 2012

12

Overview

14

Income statement

16

Balance sheet

20

Budget comparison

22

2011-2014 Period

26

Detailed budget for 2014

28

Special Topics

30

Good governance reforms

32

Asset management report

38

FIFA Club Protection Programme

40

Annexe 2012

42

%QPUQNKFCVGFƂPCPEKCNUVCVGOGPVU

Auditor‘s report

96

Audit and Compliance Committee report

98

Foreword

01


8

02

2011–2014 Period

6

Chairman of the Finance Committee

03

Special Topics

4

FIFA President

04

Annexe 2012

Foreword

05 3

Foreword

01

Natalia Gómez Junco (L) of Mexico and Cinzia Joerg (R) of Switzerland battle for the ball during the FIFA U-20 Women‘s World Cup 2012 match between Mexico and Switzerland at Miyagi Stadium in Japan on 22 August.

Foreword

“The good governance process is on track.”

6

01

Foreword

FIFA President 6 Chairman of the Finance Committee 8 Chairman of the Audit and Compliance Committee 10

Dear football friends,


It is with great pleasure that I present the Financial Report 2012, which once again reveals another prosperous year for FIFA from an economic point of view. Thanks to our healthy balance sheet, we can continue to focus our efforts on the improvement of both the beautiful game itself and of our many competitions.

2011–2014 Period

In line with the organisation’s mandate to serve the sport, our FIFA team recorded many remarkable achievements in 2012, ranging from the successful staging of eight FIFA competitions (in particular the FIFA U-17 and U-20 Women’s World Cups, the FIFA Futsal World Cup and the annual FIFA Club World Cup) to the effective implementation of the very ambitious but essential road map for good governance. The reform plan I tabled at the 61st FIFA Congress received the full support of delegates and marked the beginning of a reform process. At the 62nd FIFA Congress, XCTKQWUTGHQTOUHTQOVJGƂTUVRJCUGYGTGCFQRVGFKPENWFKPIVJGUVTGPIVJGPKPIQH FIFA‘s judicial system and the creation of an Audit and Compliance Committee. The reform process will be completed by the 63rd FIFA Congress in 2013.

Special Topics

In addition, with only a few months left before the start of the FIFA Confederations %WR CPF LWUV QXGT C [GCT DGHQTG VJG MKEMQHH QH QWT ƃCIUJKR VQWTPCOGPV + CO delighted to announce that preparations for the 2014 FIFA World Cup Brazil™ are well under way and proceeding according to plan. 1WTYQPFGTHWNCEJKGXGOGPVUKPƂNNOGYKVJITGCVQRVKOKUOCPFEQPƂFGPEG for the future tasks that lie ahead. I would like to thank you for all of your valuable support and I have no doubt that together we can meet any challenge that may come our way.

Annexe 2012

For the Game. For the World.

Joseph S. Blatter FIFA President

7

Foreword

“The FIFA Club Protection Programme has been successfully implemented.”

8

01

Foreword


Dear Sir or Madam,


9GJCXGPQYTGCEJGFVJGJCNHYC[OCTMQHVJGƂPCPEKCNRGTKQFCPFVJG RQUKVKXGGEQPQOKETGUWNVUVJCVYGTGCEJKGXGFKPIKXGWUITGCVEQPƂFGPEGCPF optimism for the remaining half of the cycle. The development of FIFA’s revenues and costs is progressing according to plan, despite the continued challenging global economic situation. This has been achieved by keeping costs under control and by successfully commercialising our rights. At the same time, FIFA has preserved its assets via prudent asset management.

2011–2014 Period

#U C TGUWNV QH VJG RQUKVKXG ƂPCPEKCN FGXGNQROGPVU YG ECP EQPVKPWG VQ KPXGUV directly in the beautiful game itself, whether through our many worldwide football development programmes or through the various FIFA competitions. One of the many milestones achieved in 2012 was the successful implementation QH VJG (+(# %NWD 2TQVGEVKQP 2TQITCOOG %22 YJKEJ DGPGƂVU VJG EQPHGFGTCVKQPU and member associations as well as the players and clubs, and provides for a global harmonised solution.

Special Topics

7PFGT VJG %22 ENWDU TGEGKXG ƂPCPEKCN EQORGPUCVKQP HQT KPLWTKGU UWUVCKPGF D[ VJGKT RNC[GTU YJGP RCTVKEKRCVKPI KP KPVGTPCVKQPCN ICOGU NKUVGF QP (+(#oU QHƂEKCN OCVEJ calendar. The programme runs from 1 September 2012 to 31 December 2014 and was also valid for the 2012 Olympic Football Tournament in London.

Annexe 2012

+ CO NQQMKPI HQTYCTF VQ RTGUGPVKPI VJKU JKIJN[ UCVKUH[KPI ƂPCPEKCN TGRQTV VQ [QW in greater detail at the 63rd FIFA Congress in Mauritius. On behalf of the Finance Committee, I would like to thank you for all of the trust and support you have placed in us over the past years.

Julio H. Grondona Chairman of the Finance Committee

9

Foreword

“An effective compliance programme has been put in place.”

10

01

Foreword


Dear Sir or Madam,


+V KU C RNGCUWTG CPF JQPQWT VQ CFFTGUU VJG (+(# %QPITGUU HQT VJG ƂTUV VKOG KP O[ capacity as chairman of the newly constituted Audit and Compliance Committee, particularly given the positive economic results recorded at the halfway mark of the ƂPCPEKCNE[ENG

2011–2014 Period

Following the good governance reform process, the role of the new Audit and %QORNKCPEG %QOOKVVGG JCU DGGP DTQCFGPGF UQ VJCV ƂPCPEKCN CPF EQORNKCPEG oversight now represent its major tasks. The chairman and deputy chairman must HWNƂN VJG KPFGRGPFGPEG ETKVGTKC UGV QWV KP VJG (+(# 5VCVWVGU CPF KVU OGODGTU OWUV JCXGCURGEKƂERTQHGUUKQPCNDCEMITQWPF6JGFGVCKNGFVCUMUJCXGDGGPQWVNKPGFKPC charter and are part of the FIFA Organisation Regulations.

Special Topics

The new Audit and Compliance Committee has been founded on these criteria and VQQM WR KVU FWVKGU HQNNQYKPI TCVKƂECVKQP CV NCUV [GCTnU (+(# %QPITGUU 9JKNG OCP[ improvements have taken place in recent years, I am convinced that the committee‘s independence through its oversight and monitoring role can contribute to further GPJCPEKPI EQPƂFGPEG KP VJG KPVGITKV[ QH (+(#nU ƂPCPEKCN TGRQTVKPI KORTQXKPI organisational processes and standards and maintaining an effective compliance programme.

Annexe 2012

FIFA has undergone considerable changes over the years, evolving from a small organisation that primarily regulated the game of football to the important economic entity it is today. Consequently, it was the right decision to support the FIFA President‘s proposal for a good governance reform process. My colleagues and I in the Audit CPF %QORNKCPEG %QOOKVVGG CTG EQOOKVVGF VQ HWNƂNNKPI QWT QXGTUKIJV TQNG CPF VQ contributing to the overriding objective of this governance reform: strengthening VJGIQXGTPCPEGUVTWEVWTGQH(+(#CPFGPJCPEKPIEQPƂFGPEGKPVJGTGRWVCVKQPQHVJKU unique organisation.

Domenico Scala Chairman of the Audit and Compliance Committee

11

02


Panama‘s goalkeeper Jaime Penedo in action FWTKPIVJGƂTUVJCNHQHVJGKT2014 FIFA World %WRvSWCNKƂGT at the BMO Field in Toronto, Canada.


Overview

Income statement and development of reserves 6JKURCIGRTQXKFGUCPQXGTXKGYQHVJGMG[ƂIWTGUHQTVJGƂPCPEKCN[GCTCUYGNN CUCEQORCTKUQPYKVJVJGMG[CPPWCNƂIWTGUHTQOVJGRTGXKQWURGTKQF As decided by the Congress in 2010, FIFA is planning for a moderate increase in its reserves during the 2011-2014 period. Because more funds are being invested KPCPFHQTHQQVDCNNVJGCPPWCNTGUWNVUYKNNDGUKIPKƂECPVN[NQYGTVJCPKPVJGRTGXKQWU 2007-2010 period. (+(#JCUPQYEQORNGVGFVJGƂTUVJCNHQHVJGEWTTGPVRGTKQFYJKEJYKNN draw to a close in the year of the 2014 FIFA World Cup Brazil™. FIFA has so far OCFGKVVJTQWIJVJGVWTDWNGPEGKPVJGƂPCPEKCNOCTMGVUCPFVJGINQDCNƂPCPEKCN crisis unscathed, as proven by the following facts: r 2012 was a very successful year for FIFA, with a positive annual result of USD 89 million. r In comparison to the previous year, revenue increased in 2012 to USD 1,166 million. Overall, the sale of rights for the 2014 FIFA World Cup Brazil™, particularly in the area of marketing, generated higher income than for the 2010 FIFA World Cup™. r Expenditure also increased in comparison with the previous year to USD 1,077 million. In total, 69% of overall expenditure was invested directly in football. r FIFA’s conservative investment policy and the DTQCF FKXGTUKƂECVKQP of KPXGUVOGPVURTQVGEVGFKVCICKPUVNQUUGUCPFTGUWNVGFKPCRQUKVKXGƂPCPEKCNTGUWNVQH USD 12 million. r Systematic cost control once again proved its worth and costs were 6% below the 2012 expense budget. r The strategy of hedging foreign currencies also proved to be fully effective in 2012 and protected FIFA against losses. r As planned, FIFA’s reserves increased by 7% and stood at USD 1,378 million on 31 &GEGODGT*CXKPIUWHƂEKGPVTGUGTXGUKUQHITGCVKORQTVCPEGVQ(+(#oUƂPCPEKCN independence and to its ability to react to unexpected events.

14

02 Overview Income statement Balance sheet Budget comparison

14 16 20 22

Income statement 2007-2010 and 2011-2012 Foreword

USD million 1,291 882

957

1,070

1,059

1,166

1,089 833

773

1,034

1,077

36

89

2010

2011

2012

1,280

1,293

2010

2011


Revenue

863

184

196

202

49

2007

2008

2009

Special Topics

Result

2011–2014 Period

Expenses

Development of reserves 2007-2012 USD million 1,378

1,061 902

December

2007

2008

2009

Annexe 2012

643

2012

15


Income statement

Revenue 2012

This page provides an overview of the total revenueHQTVJGƂPCPEKCN[GCT 6JGFGVCKNGFƂPCPEKCNUVCVGOGPVUECPDGHQWPFQPRCIGUQHVJGCPPGZG#V the FIFA Congress in Zurich in 2011, it was decided that the renowned international CWFKVEQORCP[-2/)YQWNFDGCUMGFVQCWFKV(+(#oUƂPCPEKCNUVCVGOGPVUHQTVJG ƂPCPEKCNRGTKQFKPMG’s report can be found in the annexe on page 96. The report from the Audit and Compliance Committee is on page 98. Total revenue amounted to USD 1,166 million, comprised of event-related TGXGPWGQVJGTQRGTCVKPIKPEQOGCPFƂPCPEKCNKPEQOG In terms of the event-related revenue of 75&||OKNNKQP75&||OKNNKQP was attributable to the sale of television rights, of which the lion’s share – USD |OKNNKQPsYCUHQTVJG(+(#9QTNF%WR$TC\KNv6JGUGEQPFDKIIGUVUQWTEG of income was the sale of marketing rights worth USD 370 million, of which USD 367 million was generated by the FIFA World Cup™. The sale of licensing rights IGPGTCVGF75&||OKNNKQPCPFJQURKVCNKV[TKIJVU75&||OKNNKQP1VJGTEQORGVKVKQP income was made up primarily of revenue from the FIFA Club World Cup, which was matched, however, by comparable costs. The other operating income of 75&|OKNNKQP was attributable in particular to KPEQOGQH75&||OKNNKQPHTQODTCPFNKEGPUKPICPF75&||OKNNKQPHTQOVJG3WCNKV[ Programme. FIFA’s ƂPCPEKCN KPEQOG of 75& OKNNKQP was the result of the conservative investment strategy and was primarily made up of interest income of USD 7 million CPFHQTGKIPEWTTGPE[ICKPUQH75&||OKNNKQP

16


14 16 20 22

Revenue 2012

Total

59

Financial income (8%) r+PVGTGUVKPEQOG r(QTGKIPEWTTGPE[ICKPU r+PEQOGHTQOƂPCPEKCNCUUGVU

Total

89


Other operating income (5%) r3WCNKV[2TQITCOOG r$TCPFNKEGPUKPI r/CVEJNGXKGU r1VJGT TGPVCNKPEQOGƂNOUCNGU

Foreword

USD million

Special Topics

Total

1,018

Annexe 2012

Event-related revenue (87%) r68DTQCFECUVKPITKIJVU s(+(#9QTNF%WRv s1VJGT(+(#GXGPVU r/CTMGVKPITKIJVU s(+(#9QTNF%WRv s1VJGT(+(#GXGPVU r.KEGPUKPITKIJVU r*QURKVCNKV[TKIJVU r1VJGT

2011–2014 Period

100% = USD 1,166 million

FIFA Partners

17


Income statement

Expenses 2012

Total expenditure amounted to 75& OKNNKQP, arising from event-related expenses, development-related expenses, other operating expenses, football IQXGTPCPEG GZRNQKVCVKQP QH TKIJVU CPF ƂPCPEKCN GZRGPUGU +P VQVCN QH QXGTCNN expenditure was invested directly in football. Of the event-related expenses of 75&OKNNKQP, USD 448 million was related to the 2014 FIFA World Cup Brazil™. FIFA also organised eight other competitions in 2012 (the Men‘s and Women‘s Olympic Football Tournaments in London, the FIFA U-20 Women’s World Cup in Japan, the FIFA U-17 Women’s World Cup in Azerbaijan, the FIFA Futsal World Cup in Thailand, the FIFA Club World Cup in Japan, the Blue Stars/ FIFA Youth Cup, and the FIFA Interactive World Cup), which accounted for USD 103 million. FIFA spent a total of 75&OKNNKQPor of overall expenditure on development projects, allocating USD 68 million to the Financial Assistance Programme (FAP for member associations and confederations), USD 29 million to the Goal Programme and USD 80 million to other development projects. The other operating expenses of 75& OKNNKQP were mainly made up of personnel expenses of USD 91 million and of communications (e.g. FIFA.com and extranet) of USD 24 million. Football governance expenses of 75& OKNNKQP covered the organisation of all committees and the FIFA Congress (USD 32 million) and legal matters (USD 21 million). The 75& OKNNKQP for the exploitation of rights KPENWFGF VJG HWNƂNOGPV QH contractual obligations in relation to marketing, broadcasting and media rights as well as licensing. Financial expenses of 75&OKNNKQP were primarily made up of foreign exchange losses, which were offset by corresponding foreign exchange gains.

18


14 16 20 22

Expenses 2012

Total

53

Exploitation of rights (1%) rMarketing r$TQCFECUVKPICPFOGFKCTKIJVU r.KEGPUKPI

2

Total

Other operating expenses (18%) rPersonnel r&GRTGEKCVKQPCPFCOQTVKUCVKQP r$WKNFKPICPFOCKPVGPCPEG r%QOOWPKECVKQPU r6CZGUCPFFWVKGU r1VJGT GI+6VTCXGN NQIKUVKEUTGEGRVKQP

1

Total

77

69% for FIFA events and development

Event-related expenses (53%) r(+(#9QTNF%WRv r(+(#%NWD2TQVGEVKQP2TQITCOOG r1VJGT(+(#GXGPVU

Total

569

188 Development-related expenses (16%) r(KPCPEKCN#UUKUVCPEG2TQITCOOG (#2sOGODGTCUUQEKCVKQPU r(KPCPEKCN#UUKUVCPEG2TQITCOOG (#2sEQPHGFGTCVKQPU r%QPHGFGTCVKQPFGXGNQROGPVRTQITCOOGU rGoal Programme r2'4(14/#0%' r(QQVDCNNHQT*QRG r4GHGTGGKPI#UUKUVCPEG2TQITCOOG 4#2 r1VJGT GI%+'5YQOGPnUHQQVDCNN(QQVDCNNHQT*GCNVJ UQNKFCTKV[RTQLGEVU Total

53 15 15 29

Annexe 2012

Total

91

Financial expenses (7%) r+PVGTGUVGZRGPUGU r(QTGKIPEWTTGPE[NQUUGU

2011–2014 Period

100% = USD 1,077 million

13


32

Special Topics

Football governance (5%) rCommittees and Congress r.GICNOCVVGTU

Foreword

USD million

177

19


Balance sheet

Balance sheet and development of reserves As at 31 December 2012, FIFA’s balance sheet totalled 75&OKNNKQP, with reserves of 75& OKNNKQP. FIFA’s reserves result from the previous years’ reserves of USD 1,293 million, the annual result of 75& OKNNKQP and the change in the hedging reserve of minus USD 4 million. FIFA’s reserves have therefore KPETGCUGFD[ in comparison to 31 December 2011, in accordance with a decision passed at the FIFA Congress in 2010 to only slightly increase reserves in the future. Furthermore, article 73 of the FIFA Statutes states that: r The revenue and expenditure of FIFA shall be organised in such a way that they balance outQXGTVJGƂPCPEKCNRGTKQF r FIFA’s major duties in the future shall be guaranteed through the creation of reserves. (+(#OGVVJGUGUVCVWVQT[TGSWKTGOGPVUKPVJGƂPCPEKCN[GCT6JGETGCVKQPQH UWHƂEKGPVTGUGTXGUHQTVJGHWVWTGKUQHOCLQTUVTCVGIKEKORQTVCPEGVQ(+(#RCTVKEWNCTN[ IKXGP KVU ƂPCPEKCN FGRGPFGPEG QP VJG (+(# 9QTNF %WRv CPF VJG HCEV VJCV KV KU XKTVWCNN[ KORQUUKDNG VQ ƂPF ECPEGNNCVKQP KPUWTCPEG VQ EQXGT CP GXGPV QH UWEJ magnitude. 6JG URGEKƂE amount of reserves required cannot, in principle, be given as an absolute value, but rather depends on FIFA’s overall costs and the associated operational risks during a four-year period. FIFA’s current reserves correspond to approximately one-third of total costs for the period. *CXKPIUWHƂEKGPVTGUGTXGUKUQHITGCVKORQTVCPEGVQ(+(#oUƂPCPEKCNKPFGRGPFGPEG and to its ability to react to unexpected events. This has proved particularly vital KPVJGNKIJVQHVJGYQTNFYKFGƂPCPEKCNETKUKU

20


14 16 20 22

Balance sheet as at 31 December 2012

.KCDKNKVKGUCPFTGUGTXGU

%WTTGPVCUUGVU r%CUJCPFECUJGSWKXCNGPVU r4GEGKXCDNGU r(KPCPEKCNCUUGVU r1VJGTEWTTGPVCUUGVU

%WTTGPVNKCDKNKVKGU r2C[CDNGU r#EETWGFGZRCPFFGHKPEQOG r1VJGTEWTTGPVNKCDKNKVKGU

0QPEWTTGPVNKCDKNKVKGU r#EETWGFGZRCPFFGHKPEQOG r1VJGTPQPEWTTGPVNKCDKNKVKGU

4GUGTXGU

2011–2014 Period

0QPEWTTGPVCUUGVU r2TQRGTV[CPFGSWKROGPV r>KXCVKXGƂPCPEKCNCUUGVU r(KPCPEKCNCUUGVU


#UUGVU

Foreword

USD million

Development of reserves USD million 2012 result Change in hedging reserve

89 -4

1,500 85

1,378

1,293 Special Topics

1,350 1,200 1,050 900 750 600 450

Annexe 2012

300 150

31 Dec 2011

31 Dec 2012

21


Budget comparison

Analysis of revenue for 2012

FIFA’s accounting system is based on International Financial Reporting 5VCPFCTFU +(45. As IFRS is not suitable for budgeting and daily cost control on account of its many technical rules and regulations, the budget is drawn up on a cash basis before being approved by the Congress. A transition from IFRS is necessary in order to enable the actual revenue to be compared with the cash budget. Hence, from the total amount of revenue according to IFRS, an adjustment was made for the revenue that could not be included for a budget comparison. The resultant cash-in component was then compared with the budget. In order to carry out a budget comparison, 75&OKNNKQP in non-cash items had to be adjusted from the overall revenue of USD 1,166 million for the 2012 ƂPCPEKCN[GCTNGCFKPIVQCECUJKPEQORQPGPVQH75&OKNNKQP6JGPQPECUJ items consisted, in particular, of revenue in relation to the percentage-of-completion method, gross effects and value-in-kind revenue, which were not taken into account in the cash budget. The FIFA Congress passed a revenue budget of USD 676 million for the 2012 ƂPCPEKCN [GCT YJKEJ YCU GZEGGFGF D[ 75& OKNNKQP. This extra revenue is mainly due to foreign currency effects, additional income from other FIFA events, brand licensing, and accelerated incoming payments.

22


14 16 20 22

Revenue 2012: Components Foreword

USD million 1,500 1,350 1,200

1,166

273

1,050 893 Facts & Figures 2012

900 750 600 450 300 150

Non-cash items

Cash-in component 2011–2014 Period

Total revenue

Revenue 2012: Budget comparison USD million 1,500 1,350

Special Topics

1,200 1,050 900

893

750

217 676

600 450

Annexe 2012

300 150

Cash-in component

Budget 2012 (approved by FIFA Congress)

Positive deviation (i.e. over budget)

23


Budget comparison

Analysis of expenses for 2012

The basic principle described for the analysis of revenue also applies to expenditure. A transition from IFRS is necessary in order to enable the actual expenses to be compared with the cash budget. Hence, from the total amount of expenses according to IFRS, an adjustment was made for the expenses that could not be included for a budget comparison. The resultant cash-out component was then compared with the budget. In order to carry out a budget comparison, 75&OKNNKQP in non-cash items had to be adjusted from the QXGTCNNGZRGPUGUQH75&OKNNKQP for the 2012 ƂPCPEKCN[GCTNGCFKPIVQCECUJQWVEQORQPGPVQH75&OKNNKQP6JGCOQWPVU adjusted consisted primarily of expenses in relation to the percentage-of-completion method. The FIFA Congress passed an expense budget of USD 666 million for the 2012 ƂPCPEKCN [GCT YJKEJ YCU underspent by 75& OKNNKQP. This underspend is mainly due to deferred costs for the 2014 FIFA World Cup Brazil™ and cost savings.

24


14 16 20 22

USD million

Foreword

Expenses 2012: Components 1,500 1,350 1,200 1,077

449

1,050 900 Facts & Figures 2012

750 628 600 450 300 150

Non-cash items

Cash-out component 2011–2014 Period

Total expenses

Expenses 2012: Budget comparison USD million 1,500 1,350

Special Topics

1,200 1,050 900 750 628

666

38

Budget 2012 (approved by FIFA Congress)

Positive deviation (i.e. under budget)

600 450

Annexe 2012

300 150

Cash-out component

25

2011-2014 Period

Lionel Messi of Barcelona celebrates with team-mate Dani Alves after scoring his second goal during the (+(#%NWD9QTNF%WRƂPCN between Santos and FC Barcelona at the International Stadium in Yokohama, Japan on 18 December 2011.

2011-2014 Period

Detailed budget for 2014

Revenue and investments in 2014

The detailed budget for 2014 has been approved by the FIFA Finance Committee and the FIFA Executive Committee and it now requires TCVKƂECVKQP from the (+(#%QPITGUU. The detailed budget for 2014 was part of the overall budget approved by the 2010 Congress for the 2011-2014 period, with the exception of the cost for the FIFA Club Protection Programme, which was approved by the 2012 FIFA Congress.

28

03 Detailed budget for 2014

28

Budget 2014: Revenue Foreword

USD million 1,500

1,080 65

900

Marketing rights

Other (e.g. licensing, hospitality)

324


1,200

600

300

691

TV broadcasting rights

2011–2014 Period

Revenue 2014

Budget 2014: Investments USD million 1,412 227 1,200

36

900 784 600

'ZRNQKVCVKQPQHTKIJVU r$TQCFECUVKPICPFOGFKCTKIJVU r/CTMGVKPITKIJVU r.KEGPUKPITKIJVU

(QQVDCNNIQXGTPCPEG rCommittees and Congress rTransfer Matching System (TMS) rEarly Warning System rO ther (e.g. FIFA Brand)

40 6 2 19

300

81 217 67

Investments 2014

(+(#9QTNF%WRv rContributions to teams (prize money, workshop, travel, lodging) rT V production rFIFA Club Protection Programme, etc. rFinancial contributions rFIFA Fan Fest™ rInsurance rRefereeing matters r.QECNQHƂEG$TC\KN rO ther (e.g. media, new media, inspections, marketing, TV)

389 165 114 53 19 10 9 20

1VJGT(+(#GXGPVU rFIFA Club World Cup rFIFA U-20 Women’s World Cup rFIFA U-17 Women’s World Cup rYouth Olympic Football Tournament rO ther (e.g. FIFA Ballon d’Or, FIFA Interactive World Cup, Blue Stars/FIFA Youth Cup)

25 18 17 3 18

1VJGTQRGTCVKPIGZRGPUGU rPersonnel, information technology, building and maintenance rCommunications rO ther (e.g. reception, logistics, production, travel, translations, insurance, tax, ƂPCPEGTGNCVGFOCVVGTU

162

Special Topics

1,500

Annexe 2012

Development rFinancial Assistance Programme (FAP) - 54 member associations rGoal Programme 34 rN ew MA development programmes 32 rPERFORMANCE 30 rTechnical development 19 rFinancial Assistance Programme (FAP) - 15 confederations rConfederation development 15 programmes rRefereeing Assistance Programme (RAP) 13 rFootball for Hope 12 rO ther (e.g. solidarity projects, 3 Football for Health)

29 26

29

Special Topics

04

Brazil striker Marta vies with Cameroon striker Bebey Beyene during their group-stage match in the Women‘s Olympic Football Tournament London 2012 at the Millennium Stadium in Cardiff, Wales on 25 July.

Special Topics

Good governance reforms

Reform plan

The four FIFA Task Forces, which were created in October 2011 as part of the reform process launched by the FIFA President during the 61st FIFA Congress in Zurich, have all concluded their mandate to propose reforms. The proposals made by the Task Force Ethics Committee and the Task Force Transparency & Compliance, in particular with regard to the creation of the twochamber Ethics Committee and the Audit and Compliance Committee with independent chairmen and deputy chairmen, were approved by the 62nd FIFA Congress in Budapest on 25 May 2012. At the same time, Domenico Scala (Italy/ Switzerland) was appointed as independent chairman of the Audit and Compliance Committee. Additionally, the new FIFA Code of Conduct CPF VJG ƂTUVGXGT appointment of a woman as a member of the FIFA Executive Committee, namely Lydia Nsekera (Burundi), were also approved that day. On 17 July 2012, based on a mandate given by the 62nd FIFA Congress, the FIFA Executive Committee appointed Michael J. Garcia (USA) and Hans-Joachim Eckert (Germany) as independent chairmen of the Ethics Committee in addition to appointing the members of the Ethics Committee and adopting a new Code of Ethics. The Task Force Revision of Statutes presented a draft proposal of amendments to the FIFA Statutes and the remaining proposals which were not voted on at the Congress in 2012 will be presented to the FIFA Congress in 2013. In this context, the FIFA Executive Committee decided at its meeting on 27 and 28 September 2012 to create a working group, chaired by FIFA Executive Committee member and chairman of the Task Force Revision of Statutes Theo Zwanziger and comprising the general secretaries as well as the legal directors of the confederations and FIFA, in order to consult the 209 member associations on these amendments and submit the remaining proposals on the revision of the FIFA Statutes to the 63rd FIFA Congress. The reform process will be completed by the 2013 FIFA Congress.

32

04 Good governance reforms Asset management report FIFA Club Protection Programme

Reform work Nov-Dec 2011 First Task Force meetings

r (KTUV6CUM(QTEGOGGVKPIU4GXKUKQPQH5VCVWVGU'VJKEU%QOOKVVGG6TCPURCTGPE[ Compliance; analysis of situation and discussion of reform proposals

ExCo 17.12.2011 &GVCKNKPICPFDTKGƂPIQP ƂTUVTGHQTORTQRQUCNU

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Reform work January – March 2012 Meetings of Task Forces and Independent Governance Committee

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ExCo 30.03.2012 Approval of reforms

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ExCo 17.07.2012 Ethics Committee, Code of Ethics

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Audit and Compliance Committee Aug and Oct 2012 Various reform proposals

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Member associations Nov 2012 – Feb 2013 Consultation process on remaining reforms

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