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WORLDWIDE OLYMPIC PARTNERS TOP VI (2005–2008) 64 OLYMPIC BROADCAST PARTNERS (2005–2008) Americas National Broadcasting Company Caribbean Broadcast Union (2008) Telemundo Network Group (2008) Organización de Televisión Iberoamericana Terra/Telefonica (Internet/Mobile Rights 2008) Canadian Broadcasting Corporation Europe European Broadcasting Union Asia Asia-Pacific Broadcasting Union CCTV (Internet/Mobile Rights 2008) Japan Consortium Korea Pool Chinese Taipei Beijing Pool (2008) Elta (Internet/Mobile Rights 2008) i-Cable (Internet/Mobile Rights 2008) Solar Entertainment Corporation (2008) Middle East Arab States Broadcasting Union (2008) ART (2006) Africa African Union of Broadcasting South African Broadcasting Corporation (2008) Supersport International (TV/Internet/Mobile Rights) TV5 Monde (2008) Oceania Seven Network Ltd Television New Zealand 65
INTERNATIONAL OLYMPIC COMMITTEE LAUSANNE REPORT OF THE STATUTORY AUDITOR TO THE EXECUTIVE BOARD AND THE SESSION ON THE COMBINED FINANCIAL STATEMENTS 2008 Report of auditors 67 Combined statements of financial position at 31 December 2008 and 2007 68 Combined statements of activities for the years ended 31 December 2008 and 2007 69 Combined statements of cash flows for the years ended 31 December 2008 and 2007 70 Combined statements of changes in fund balances for the years ended 31 December 2008 and 2007 71 Notes to the combined financial statements at and for the years ended 31 December 2008 and 2007 72 66 REPORT OF THE AUDITORS Report of the statutory auditor on the combined financial statements As statutory auditor, we have audited the accompanying combined financial statements of the International Olympic Committee as at 31 December 2008, comprising the statements of financial position as at that date, the related statements of activities, cash flows and changes in fund balances for the year then ended and the notes to the financial statements, set out on pages 72 to 98. Executive Board’s Responsibility The Executive Board is responsible for the preparation of the combined financial statements in accordance with the International Financial Reporting Standards (IFRS), the requirements of Swiss law and the association’s articles of incorporation. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation of financial statements that are free from material misstatement, whether due to fraud or error. The Executive Board is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances. Auditor’s Responsibility Our responsibility is to express an opinion on these combined financial statements based on our audit. We conducted our audit in accordance with Swiss law and Swiss Auditing Standards as well as the International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance whether the combined financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the combined financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers the internal control system relevant to the entity’s preparation of the combined financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control system. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of accounting estimates made, as well as evaluating the overall presentation of the combined financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the combined financial statements for the year ended 31 December 2008 give a true and fair view of the financial position, the results of operations and the cash flows in accordance with the International Financial Reporting Standards (IFRS) and comply with Swiss law and the statutes. Report on other legal requirements We confirm that we meet the legal requirements on licensing according to the Auditor Oversight Act (AOA) and independence (article 69b paragraph 3 CC in connection with article 728 CO) and that there are no circumstances incompatible with our independence. In accordance with article 69b paragraph 3 CC in connection with article 728a paragraph 1 item 3 CO and Swiss Auditing Standard 890, we confirm that an internal control system exists which has been designed for the preparation of combined financial statements according to the instructions of the Executive Board. We recommend that the financial statements submitted to you be approved. PricewaterhouseCoopers SA Felix Roth Etienne Hamoir Audit expert Audit expert Auditor in charge Lausanne, 16 June 2009 67
Page 1 and 2: INTERNATIONAL OLYMPIC COMMITTEE CH
Page 3 and 4: 02 President’s Message 04 IOC Rol
Page 5 and 6: IOC ROLE & STRUCTURE The Internatio
Page 7 and 8: IOC EXECUTIVE BOARD MEETINGS 2005 1
Page 9 and 10: MEMBERS LIST OF MEMBERS BY PROTOCOL
Page 11 and 12: THE OLYMPIC MOVEMENT IN SOCIETY In
Page 13 and 14: MANAGE RISKS The IOC often takes a
Page 15 and 16: IMPROVE THE QUALITY OF THE GAMES Th
Page 17 and 18: 30 Sponsors. The 12 Worldwide TOP P
Page 19 and 20: Games of the XXIX Olympiad Beijing,
Page 21 and 22: The IOC keeps less than ten percent
Page 23 and 24: STRENGTHEN SPORTS ADMINISTRATION Ov
Page 25 and 26: PROMOTING SPORT AND OLYMPIC VALUES
Page 27 and 28: WOMEN AND SPORT Recipients of the I
Page 29 and 30: DEVELOPMENT THROUGH SPORT In 2005,
Page 31 and 32: ENHANCING THE SERVICE CULTURE: IOC
Page 33: STRATEGIC ALIGNMENT To best serve t
Page 37 and 38: COMBINED STATEMENTS OF CASH FLOWS F
Page 39 and 40: B. Foreign currencies The statement
Page 41 and 42: At 31 December 2008, if the equity
Page 43 and 44: 5. FINANCIAL ASSETS A. Movements in
Page 45 and 46: 6. RECEIVABLES AND OTHER CURRENT AS
Page 47 and 48: 11. EARMARKED FUNDS This account re
Page 49 and 50: 13. TELEVISION BROADCASTING RIGHTS
Page 51 and 52: 21. RELATED PARTY TRANSACTIONS Tran

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