IOC: 2020 Annual Report - "Credibility, Sustainability, Youth" adopted by the 138^th Session in Tokyo

The International Olympic Committee (IOC) has published its Annual Report and Financial Statements for the year 2020 (document available to download) after approval by the members at the 138^th Session meeting in Tokyo (JPN) on 20/07/2021.

"This edition of the Report focuses on the IOC in 2020, including its efforts to reorganise the postponed Olympic Games Tokyo 2020 (decision on 24/03/2020) and the wide-ranging support given to athletes to assist them amid the Covid-19 pandemic," explained the IOC.

"In addition to outlining the activities carried out during the year, it includes the audited financial statements for 2020, along with the IOC Members' Indemnity Policy. In the interests of full transparency and disclosure, 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," said the International Olympic Committee, three days before the Opening Ceremony of the Olympic Games Tokyo 2020 (Friday 23/07/2021).

"It is mpossible to understate what…