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.