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In addition to outlining the activities carried out during the past year, the Report includes
the audited financial statements for 2021, approved in Beijing in February 2022, along
with the IOC Members’ Indemnity Policy. The financial statements are prepared and audited
according to International Financial Reporting Standards (IFRS), even though the IOC is not
legally obliged to comply with these higher standards.
Despite the challenges of the COVID-19 pandemic, which dominated the past two years, and
an extraordinary Olympiad that was extended by a year more than the usual quadrennial period,
the Olympic Movement’s partners and stakeholders have remained steadfast in their support.
Thanks to this demonstration of solidarity, the IOC, which is entirely privately funded, has been
able to continue to distribute 90 per cent of distributable revenues to support the organisation of
the Olympic Games, the promotion of athletes and sport at all levels worldwide, and
the dissemination of the Olympic values.
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