Jaarlijks financieel verslag

2012 Financial Statements follow World Intellectual Property Organization Annual Financial Report and Financial Statements Year to December 31, 2012 TABLE 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 Annual Financial Report 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: Other 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 ANNUAL FINANCIAL REPORT INTRODUCTION Introduction 1.. STATEMENT I STATEMENT OF FINANCIAL POSITION as at December 31, 2012 (in thousands of Swiss francs) STATEMENT II STATEMENT OF FINAN