ANOC FINANCE AND AUDIT COMMISSION Report to the ANOC General Assembly – October 29 th, 2015 Richard Peterkin - Chairman ASSOCIATION OF NATIONAL OLYMPIC COMMITTEES ASSOCIATION DES COMITÉS NATIONAUX OLYMPIQUES ASOCIACIÓN DE COMITÉS OLÍMPICOS NACIONALES

FINANCE AND AUDIT COMMISSION REPORT Washington – October 29 th, 2015 OPERATING AND CAPITAL RESULTS IN 2014 Expressed in US$000’s Actual 2014 Budget 2014 Actual 2013 Income – IOC Subsidy for ANOC Activities 12,000 12,000 12,000 Income – IOC Subsidy for ANOC Headquarters 7,000 8,000 12,000 Operating expenditure(9,314)(12,000)(5,669) Investment and other income (29)-43 Overall Surplus (deficit)9,6578,00018,374 Equity - Fund balance34,69525,038

FINANCE AND AUDIT COMMISSION REPORT Washington – October 29 th, 2015 LES CHARMETTES – FINAL COST Capital Expenditure FINAL COSTS (US$ Millions) Acquisition of Land2,286 Renovation of Building11,278 Indoor Fittings5,722 Office Equipment473 Total19,759

FINANCE AND AUDIT COMMISSION REPORT Washington – October 29 th, 2015 OPERATING EXPENDITURE IN 2014

FINANCE AND AUDIT COMMISSION REPORT Washington – October 29 th, 2015 COMMISSION ACTIVITIES AND PRIORITIES How to safeguard our assets and implement investment policies and practices that have the right balance of risk, returns. Best returns will always be returns on the efficient and effective use of our resources on behalf of the NOCs Recommendations to the Executive Council on internal controls, risk management, compliance with the Basic Universal Principles of Good Governance and the global legislative environment Greater transparency in our reporting. Adoption of International Financial Reporting Standards (IFRS) for the preparation of ANOC’s Audited Financial Statements

FINANCE AND AUDIT COMMISSION REPORT Washington – October 29 th, 2015 BUDGETED OPERATING EXPENDITURE & 2016 ANOC Operating Expenditure Expressed in United States dollars Proposed Budget 2016 Revised Budget 2015 Approved Budget 2015 Meetings: General Assembly4,500,000 4,000,000 Executive Council meetings700, ,000 Commission, Working Groups, Seminars500,000600,0001,000,000 International Events: International and Continental Meetings400,000500,000 International Forums100,000300,0001,000,000 World Beach Games900,000500,000- ANOC Offices Running expenses4,000,000 4,280,000 Depreciation800, ,000 Auditors’ fees50,000 Miscellaneous (including bank charges)50, ,000 Total expenditure 12,000,000 12,000,000 12,000,000

FINANCE AND AUDIT COMMISSION REPORT Washington – October 29 th, 2015 THANK YOU