International Olympic Committee

Costs rise at International Olympic Committee

The IOC’s 2014 financial statements, made public during the recent Session in Kuala Lumpur, show a year-on-year increase of 23.8 per cent in these costs during what was a particularly busy period for the Olympic Movement, from US$153.5 million (£98.4 million/€138.6 million) in 2013 to US$190.1 million (£121.8 million/€171.7 million) last year.

The rise is partly explained by sharp increases in smaller items, for example, a doubling in depreciation and amortisation and a four-fold increase in taxes.

ONOC President Dr Robin Mitchell in nine member IOC Ethics Commission

This finalises the successful implementation of recommendations 30 to 32 of Olympic Agenda 2020 - which also included a complete revision of the IOC Code of Ethics - just less than eight months since its unanimous approval last December.

IOC moving in the right direction: President Bach

Speaking at the opening of the 128th Session of the IOC Congress in Kuala Lumpur, Malaysia, President Bach said approval of the Olympic Agenda 2020 last December are already revealing positive signs fo the Olympic Movement.