WORLD TRADE
ORGANIZATIONWT/BFA/W/97
10 July 2003
(03-3699)
Committee on Budget, Finance and Administration
DIRECTOR GENERAL’S BUDGETARY AND FINANCIAL REPORT
FOR 2002
AND REPORT OF THE EXTERNAL AUDITOR THEREONWT/BFA/W/97
Page 2
TABLE OF CONTENTS
PAGE
I. INTRO DUCTION ................................................................................................................. ...3
II. OVERALL EXPENDITURE IN THE WTO IN 2002...........................................................3
III. 2002 REGULAR BUDGET......................................................................................................3IV. INCOME...................................................................................................................... ............11
V. SURPLUS ACCOUNT ...........................................................................................................12
VI. ASSETS AND LI ABILITIES ................................................................................................13
VII. WORKING CAP ITAL FUND...............................................................................................14
VIII. EARLY PAYMENT E NCOURAGEMENT SCHEME ......................................................14
IX. EXTRA-BUDGET ARY F UNDS ...........................................................................................14
X. REPORT OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE
WORLD TRADE ORGANIZATION FOR THE YEAR ENDED 31
DECEMBER  2002 .................................................................................................................. 16
OPINION OF THE EXTERNAL AUDITOR ON THE ACCOUNTS
OF THE WORLD TRADE ORGANIZATION FOR THEFINANCIAL YEAR ENDED 31 DECEMBER 2002..............................................................19
Statement 1a: WTO Secretariat 20
Statement 1b: Appellate Body and its Secretariat 21
Statement 2: Income and Expenditure Account for the year ended 31 December 2000 22Statement 3: Surplus Account for the year ended 31 December 2000 23
Statement 4: Statement of Assets and Liabil ities as at 31 December 2000 - General Fund 24
Statement 5 :Statement  of Assets and Liabilities as at 31 December 2000 -
Working  Capital Fund 25
SCHEDULE A: 2002 Early Payment Encouragement Scheme ...........................................26
SCHEDULE B Statement of Outstanding Contributions as at 31 December 2002 ............31
SCHEDULE C Investments Held on 31 December 2002 (in CHF)....................................36SCHEDULE D Investements Held on 31 December 2002 (in USD)..................................37SCHEDULE E Investments Held on 31 December 2002 (in Eur)......................................38SCHEDULE F Investments Held on 31 December 2002 – Working Capital Fund ...........39SCHEDULE G Statement of Outstanding Contributions as at 31 December 2002 ............40
Annex : Statement of Signifi cant Accounting Policies............................................41WT/BFA/W/97
Page 3
I. INTRODUCTION
1. In accordance with Regulations 24, 26 and 29 of the World Trade Organization Financial
Regulations (WT/L/156), the Director-General here by submits the Budgetary and Financial Report of
the World Trade Organization (WTO) for the financial year ended 31 December 2002.  The annual
accounts are presented in Swiss francs.
2. At its meeting on 14, 16 and 23 October 1998, the General Council adopted the resolution in
document WT/GC/W/102/Rev.1 which set out the conditions of service applicable to the staff of the
WTO Secretariat.  These conditions of service have been applied in the WTO Secretariat with effect
from 1 January 1999.
3. The WTO Financial Rules and Regulations were approved by the General Council in
November 1995 (WT/GC/M/8).  They have been applied as from 1 January 1996.
II. OVERALL EXPENDITURE IN THE WTO IN 2002
4. In the course of 2002, expenditure was incurred in respect of the annual budget of the WTO
as well as extra budgetary funds, made up of tr ust funds and other funds.  The total overall
expenditure of the Organization in 2002 amounted to CHF 160,826,740.  Expenditure under the
annual budget of the Organization accounted for 89.7 per cent of the total, corresponding to
CHF 144,197,758.  Expenditure against various trust funds represented 11.5 per cent or
CHF 16,628,982 (excluding overhead).
III. 2002 REGULAR BUDGET
5. On 18 December 2001, the Committee on Budget, Finance and Administration concluded its
deliberations on the proposed WTO Budget for 2002 and forwarded its recommendation to the
General Council, which was meeting the next day.  The recommendation, contained in document
WT/BFA/56, included a global amount of CHF 1,224,000 for “Geneva Week / Short Trade Policy
Courses for LDC,” the details of which were co ntained in documents CRP(01)35 and CRP(01)37.
6. Pursuant to the recommendations of the Co mmittee on Budget, Finance and Administration
(Document WT/BFA/56), Members of the WTO appropriated CHF 143,129,850 for the financial
year 2002, CHF 140,313,850 for the WTO Secretariat and CHF 2,816,000 for the regular expenditure
of the Appellate Body and its Se cretariat (Document WT/GC/M/72).
7. The final discussions in the Committee on Budget, Finance and Administration on 18
December 2001 with regard to the activities which would be financed from the CHF 1,224,000
precluded the ventilation of the global amount into the appropriate budgetary parts and sections before
the consideration of the recommended 2002 budget by the General Council.
8. In accordance with the practice that allocations and expenditure are recorded under the nature
of the allocation and expenditure, within the structure of the parts and sections of the WTO budget,
the amount of CHF 1,224,000 was subsequently apportioned into the standard budget structure.
9. The Committee on Budget, Finance and Administration examined the report WTO
Performance Against Budget for 2002 (CRP( 02)33 in October 2002 wherein the amount of
CHF 1,224,000 had been apportioned into the budget structure.WT/BFA/W/97
Page 4
EXPENDITURE:  WTO
2002 Budgetary Situation
10. Expenditure for the WTO and the Appellate Body Secretariats for 2002 amounted to
CHF 144,197,758 equating to a budgetary deficit of CHF 1,067,908 .  This budgetary deficit is
comprised of CHF 1,116,969 for WTO Regular Budg et and a budgetary saving of CHF 49,061 for
Appellate Body and its Secretariat.
WTO Regular Budget
PERSONNEL -RELATED COSTS
11. These sections (1 and 2) include the cost of salaries, pension contributions and common staff
costs associated to established posts and temporary assistance respectively.
12. The overspending of CHF 3,306,860 on Personnel-related costs is the net result of various
under and over-expenditures under a number of sub-items.  The savings that occurred under
Section 1 (Staff Work Years) did not suffice to cover the over-expenditure under
Section 2 (Temporary Assistance); the shortfall is as follows:
CHF
Section 1 - Staff Work Years 3,440,727
Section 2 - Temporary Assistance (6,747,587)
Total (3,306,860)
13. Under Section 1 (Staff Work Years), the saving can be subdivided into under-expenditures of
CHF 3,971,660 in respect of salaries, CHF 984,670 in re spect of pensions and an over-spending of
CHF 1,515,603 in respect of common staff costs (other than pensions).  Savings occurred on salaries
and pensions primarily as a result of vacant posts.  In addition, eight new posts were established on
1 January 2002 but were not immediately filled. In the interim, staffing needs were partially met
through temporary assistance.
14. The over-spending under ‘Common Staff Costs’  of CHF 1,515,603 is primarily due to the
increase and unforeseen number of staff who decided to end their contracts with the WTO in 2002,
and is comprised of:
(a) Travel and Removal Costs – CHF 990,474: CHF 290,657 was for departures;
CHF 254,214 for prospective interview travel costs of candidates, installation travelCHF 445,603, for the recruitment of the successful candidates;
(b) Repatriation Grants – CHF 769,629;
(c) Separations – CHF 107,446
1 and Installation Grants – CHF 242,387, all of which are
linked to the higher degree of staff turnover.
(d) Over expenditure is also reported on Education Grants - CHF 52,494, and Home
leave – CHF 126,855.
                                                     
1 Overspending of CHF 375,193 for Untaken leave reduced by a saving of CHF 267,747 for
Termination indemnities.WT/BFA/W/97
Page 5
This over-expenditure was offset by savings under the following sub-items:
(a) Family Allowances – CHF 227,056;(b) Medical Insurance – CHF 399,320;
(c) Rental Subsidy – CHF 62,026;
(d) Language Allowances – CHF 59,970
(e)  Non-residence Allowance – CHF 25,310.
15. Section 2 (Temporary Assistance): this section’s over-expenditure amounted to
CHF 6,747,5872 and was incurred primarily as a result of two of the WTO’s activities which either
continued to grow and/or where resources were inadequate for the demands.  The activities relate to
the volume of documentation produced as well as the number of meetings held where the over-
expenditures amounted to CHF 3,258,063; (Translators - CHF 1,945,288; Text-processing
– CHF 215,395, Document Reproduction – CHF 16,432 and Interpreters – CHF 1,080,948).  Over-
expenditure has also been recorded under the following: Replacement of staff on maternity or long
sick leave - CHF 420,669; Messengers/Drivers/Gua rds/Manual Workers - CHF 976,939; Clerical and
Secretarial assistance - CHF 973,095; Overtime – CHF 128,914; Informatics Consultants –
CHF 18,328; Internships - CHF 95,405 and Tem porary Assistance Common Staff Costs -
CHF 907,251. A saving of CHF 17,623 with respect to Consultants and CHF 13,454 for conferenceushers offset this over-expenditure.
A
DMINISTRATIVE COSTS
16. This section of the budget covers items related to premises, permanent equipment, expendable
supplies, and Contractual Services such as reproduction costs, EDP software etc.  For Part B, abudgetary net saving of CHF 1,063,323 has been realised in 2002.  In general, divisions did not
exceed their budget allocations concerning their specific requirements; however, variances against
approved appropriations were primarily influenced from changes in project priorities.
17. The overall budgetary saving of CHF 1,063,323 on administrative costs is the net result of
various under and over-expenditures on a number of sub-items.
Budgetary savings were incurred for the following sections:
CHF
Section 4 - Building Facilities 269,651
Section 5 - Permanent Equipment 445,934
Section 6 - Expendable Equipment 55,503
Section 7 - Contractual Services 362,020
And, was reduced by an over-expenditure under:Section 3 - Communications (69,785)
Total    1,063,323
                                                     
2 Includes the development of the Distance Learning module for the WTO Training Institute where, of
the CHF 250,000 allocated, a saving of CHF 46,292 was realized.WT/BFA/W/97
Page 6
18. Under Section 4 (Building Facilities), the ov erall under-expenditure of CHF 269,651 is the
net result of a saving for Utilities – CHF 68,374; Rental of Premises – CHF 20,409 and Maintenance
and Insurance - CHF 180,868. Concerning Maintenance an d Insurance, the increase in costs for the
project to renovate the ‘Salle des loisirs’3 into two additional training rooms, including interpretation
facilities, necessitated spreading the costs over more than one financial year. The annual
reimbursement for this lease (CHF 159,349) is incl uded under ‘Permanent Equipment leasing’. Other
items of expenditure for this project can be found under the headings relating to the nature of the
expenditure incurred.
19. Under Section 5 (Permanent Equipment), a budg etary saving of CHF 445,934 was realised for
aggregate expenditure for both purchase and lease. If abstraction were to be made for the un-utilised
credit for the purchase of EDP permanent equipment (CHF 689,417), otherwise used to offset the
over-expenditure for other projects, this section would have recorded an overspending of
CHF 243,483, primarily for:
(a) the additional expenditure with respect to the refurbishment of the ‘Salle des loisirs’
(refer to Section 4); and
(b) the purchase of equipment in connection with the second phase of the new WTO
Annexe ‘Rue Rothschild’. These re-deployment changes were necessary to meetchanges in the priority of various projects.
20. Section 6 (Expendable Equipment), refers to purchases in respect of office, building and
reproduction supplies. The expenditure was CHF 55,503 less than the appropriation and was primarily
realised under reproduction.
21. Under Section 7 (Contractual Services), the overall budgetary saving of CHF 362,020 is
comprised of: Reproduction – CHF 316,890, where the Documents Reproduction Unit re-
configuration implied less copy charges being incurred, and Office Automation – CHF 47,012 offset
by an over-expenditure of CHF 1,882 for the sub- item ‘Other’.  With respect to reproduction,
documents in electronic format have replaced the reproduction of documents on microfiche.
22. Under Section 3 (Communications), the total over-expenditure of CHF 69,785 is comprised
of an under-expenditure of CHF 26,579 for telecommunications (telephones and faxes) and an over-
expenditure of CHF 43,206 with respect to postal services. Concerning postal services, two elements
contributed to the over-expenditure (i) an underestimation of the volume of documents distributed
through the post, and (ii) increased postal rates for Category 1 mail as well as for publications. Inaddition, this heading also includes the removal costs (i.e. freight) and includes the removal costs
associated to the first and second phases of moving to of the new premises at ‘Rue Rothschild’.
                                                     
3 An overall  saving of CHF 226,880 was realised in 2002 with regard to the renovation of the ‘Salle des loisirs’
into two training rooms .WT/BFA/W/97
Page 7
OTHER
23. The overall budgetary saving of CHF 1,126,568 under Part C is the net result of various under
and over-expenditures on a number of sub-items. These savings were incurred for the following
sections:
CHF
Section 9 - Missions 113,858
Section 10 - Trade Policy Training Courses 444,255
Section 11 - Contribution to the ITC 458,993
Section 12 - Various 256,753
Section 13 - Unforseen 52,000
and was reduced by an over-expenditure under:Section 8 - Staff Overheads (199,291)
Total     1,126,568
24. The overall under-expenditure for Section 9 (Missions) amounted to CHF 113,858 and is
comprised of Official Missions - CHF 88,498, and Technical Missions – CHF 25,360.
25. Under Section 10 (Trade Policy Training Courses), an overall saving of CHF 444,255 is
comprised of several sub-items. Pursuant to the Ministerial Declaration (document WT/MIN/(01)
Dec/1), the General Council in adopting the 2002 budget approved the funding from the regular
budget of:
i) Geneva Week;
ii) two short LDC courses;  and
iii) one Special Trade Policy Course. Though the budgets for the above-mentioned have
in certain cases allocations under various other sections, the majority of their
expenditure and consequently their savings appear under this heading.
1. Geneva Week- From an initial overall budget of CHF 742,600, overall under-
expenditure amounted to CHF 271,871 of which CHF 202,407 is reflected
under this section.
2. Short LDC courses- The initial budget set for each of these courses amounted
to CHF 240,700. Budgetary savings of CHF 62,217 and CHF 99,656 were
realised for each of these courses respectively. This is comprised of
CHF 165,270 under Section 10 reduced by expenditure of CHF 3,397 underthe headings of Temporary Assistance and Hospitality.
3. Special Trade Policy Course- Out of a budgetary allocation of CHF 180,000
an overall saving of CHF 43,784 was realised in 2002, of which CHF 47,200
is reflected under this section and is reduced by CHF 3.416 under TemporaryAssistance.WT/BFA/W/97
Page 8
26. With respect to the four regular trade policy courses, a budgetary saving of CHF 29,378 is
reported for 2002.
27. Under Section 11 (Contribution to the Internat ional Trade Centre (ITC)) contributions were
made by the WTO in accordance to the authorised ITC’s budget for 2002. The under-expenditure of
CHF 458,993 reflects WTO’s share in the overall surplus declared for the biennium 2000-2001.
28. Under Section 12 (Various), the overall under-expenditure of CHF 256,753 for this section is
comprised of: Representation and Hospitality – CHF 33,142; Dispute Settlement Panels –
CHF 167,414; Permanent Group of Experts – CHF 17,176; Public Information Activities – CHF 732;
International Organization on Standardisation (ISO)4– CHF 14,752, External Auditors – CHF 31,091
and Other – CHF 7,212. These were partially offs et by over-expenditure under Library – CHF 8,690;
Publications – CHF 6,076.
29. Under this section of the budget, provision is also made for the funding of the Ministerial
Conference in the amount of CHF 400,000. The aim of  this provision was to establish a fund whereby
the costs associated with respect to Ministerial Conferences could be spread more evenly, avoiding
budgetary fluctuations.  Expenditure for 2002 amounted to CHF 87,902 concerning several
irrecoverable costs from previous conferences, leaving a balance of CHF 312,098, which has been
charged in 2002, and transferred to the Ministerial Conference Operating Fund.5
30. Under Section 8 (Staff Overhead Costs), the over-expenditure amounted to CHF 199,291 and
is comprised of:
(i) Training – CHF 49,549;
(ii) Insurance – CHF 80,7486;
(iii) Jointly Financed Bodies – CHF 103,5577 offset by, ‘Miscellaneous’ – CHF 34,563.
Primarily, this over-expenditure is due to the under-estimation in number and costs ofvacancy advertisements placed in newspapers and journals.
31. With respect to Section 13 (Unforeseen Expe nditure), the Committee on Budget, Finance and
Administration noted the utilisation of this provision to incur expenditure for the re-configuration of
the parking pattern at the car park in the ‘Chemin des Mines’ in view of the serious shortage ofparking places for delegates and staff. Expenditure in 2002 amounted to CHF 48,000 leaving a
balance of CHF 52,000.
                                                     
4 The accounts for 2002 being closed, no provision could be created for the balance due.
5 WT/BFA/44, paragraph 5.
6 Primarily for the organizations contribution to the retired staff medical scheme.
7 WTO’s participation to the running cost of the Jo int Medical Service were increased retro-actively
from 6.3% to 7.7% from applicable to the biennium 2000/2001.WT/BFA/W/97
Page 9
32. In accordance with WTO Financial Regulation 24 and WTO Financial Rule 4.4, transfers
between WTO budgetary sections of CHF 5,388,701 are necessary in order to cover excess
expenditure over approved appropriations by savings as detailed in paragraphs 11 through 31.
Authority is sought to increase these appropriations accordingly, as follows:
Transfers from Transfers to
CHF CHF
Section 1 - Staff Work Years (3,440,727)
Section 4 - Building Facilities (269,651)
Section 5 - Permanent Equipment (445,934)
Section 6 - Expendable Equipment (55,503)
Section 7 - Contractual Services (362,020)
Section 9 - Missions (113,858)
Section 10 - Trade Policy Training Courses (444,255)Section 12 - Various (256,753)
Section 2 - Temporary Assistance 5,119,625
Section 3 - Communications 69,785Section 8 - Staff Overhead Costs 199,291
__________ _________
(5,388,701) 5,388,701
EXPENDITURE:  APPELLATE BODY
33. Pursuant to the recommendation of the Committee on Budget, Finance and Administration
(WT/BFA/51), the General Council approved (WTGC/M/ 61) that the financing of the Appellate Body
would be divided into two categories:  (i) permanent costs, and (ii) variable costs.  The permanent
costs form part of the regular budget procedure and are charged against the correspondingappropriations according to the financial regulations and rules within the limits set up by the WTO
Members.  In this respect, WTO Members appropriated CHF 2,816,000 for the permanent costs of the
Appellate Body for the financial year 2002.
34. The General Council also endorsed the recommendation of the Committee on Budget,
Finance and Administration that the variable costs would be charged to the Appellate Body Operating
Fund (ABOF).  In 2001, an additional amount of CHF 1,800,000 was provided from the 2000 surplus
(W/BFA/56). For 2002, no such surplus was available and therefore no additional funds were added to
the Appellate Body Operating Fund.
35. Against the approved 2002 budget for the permanent costs of the Appellate Body, obligations
incurred amounted to CHF 2,766,939, leading to a budgetary surplus of CHF 49,061 (Statements 1b,
2 and 3).
36. The aggregate cost for the Appellate Body  comprising permanent costs (under the 2002
budget) and the variable costs (under the ABOF-see paragraph 69) amounted to CHF 4,035,912.
P
ERSONNEL -RELATED COSTS
37. The budgetary savings of CHF 41,665 on personnel-related costs was the net result of under-
expenditure of CHF 57,919 in Section 1 and over-e xpenditure of CHF 16,254 in Section 2.  UnderWT/BFA/W/97
Page 10
Section 1 (Staff Work Years), the saving resulted  from staff rotation, with respect to Section 2
(Temporary Assistance), over-expenditure was due to additional internships.
ADMINISTRATIVE AND OTHER COSTS
38. The under-expenditure of CHF 7,396 on administrative and other costs, is the net result of
various under and over-expenditures on a number of sub-items.
Under-expenditure was incurred for the following sections:
CHF
Section 3 - Communications 212
Section 4 - Building Facilities 790
Section 7 - Contractual Services 2,414
Section 8 - Staff Overhead Costs 1,005
Section 12 - Various 23,583
and was reduced by over-expenditure for the following sections:
Section 5 - Permanent Equipment (20,329)
Section 6 - Expendable Equipment (8,657)
Section 9 - Missions (6,414)
Total 7,396
39. For Section 5 (Permanent Equipment), Section 6  (Expendable Equipment) and Section 9
(Missions), savings amounting to CHF 20,329, CHF 8,657, and CHF 6,414 were realised respectively.
40. Under Section 3 (Communications), expenditur e exceeded the budget allocation by CHF 212
for telephone charges.
41. Concerning Section 4 (Building Facilities), expenditure under this section exceeded the
budgeted allocation by CHF 790. This over-expenditure was primarily for unforeseen maintenance of
facilities after charging for the Appellate Bodies’ participation towards the overall costs for the
cleaning of premises.
42. The over-expenditure under Section 7 (Contractual Services) of CHF 2,414 was primarily for
the purchase of software.
43. Under Section 8 (Staff Overhead Costs), expe nditure under this section amount to CHF 8,005,
exceeding the budget allocation by CHF 1,005. Though savings were realised for the subheadings of
Insurance and Miscellaneous these were utilised to offset the unforeseen costs for language training of
CHF 1,850.
44. Under Section 12 (Various), the over-expenditure of CHF 23,583 is the net result of over-
expenditure for some sections and savings for others. A saving of CHF 638 was realised under the
sub-heading of ‘Hospitality’ whereas over-expendi ture was incurred under ‘Library’ CHF 3,561 and
CHF 20,660 with respect to the retainer and administ rative fees for the Appellate Body Members, as
departing members had to overlap with their replacements to assure the continuity of appeals
procedure.WT/BFA/W/97
Page 11
45. In accordance with WTO Financial Regulation 24 and Financial Rule 4.4, transfers between
budgetary sections of CHF 44,258 necessary in order to cover excess expenditure over approved
appropriations by savings as detailed in paragraphs 37 through 44. Authority is sought to increase
these appropriations accordingly, as follows:
Transfers from Transfers to
CHF CHF
Section 1 - Staff Work Years (15,272)
Section 5 - Permanent Equipment (20,329)
Section 6 - Expendable Equipment (8,657)
Section 2 - Temporary Assistance 16,254
Section 3 - Communications    212Section 4 - Building Facilities 790
Section 7 - Contractual Services 2,414
Section 8 - Staff Overhead Costs 1,005
Section 12 - Various 23,583
_______ _____
Total (44,258) 44,258
IV. INCOME
46. 2002 expenditure was to be funded from two sources:  (i) contributions assessed on Members
and (ii) miscellaneous income.
47. At the adoption of the income budget, contributions for 2002 were assessed on Members in
the amount of CHF 142,100,000 (Statement 2).  Subsequently, the contribution of CHF 2,830,632 was
assessed on Chinese Taipei  as a new WTO Member.  Collections as at 31 December 2002 in respectof 2002 contributions represented CHF 144,930,632 (including interest of CHF 476,855 earned by
Members in 2000 in the context of the Early Payment Encouragement Scheme).
48. The details of miscellaneous income regarding (i) a comparison with 2001 figures and (ii) the
excess of actual 2002 miscellaneous income over estimates by CHF 150,786 (Statements 2 and 3), is
provided below:
2001 2002 2002 2002
Actual Estimated
Actual Balance
CHF CHF CHF CHF
Sale of Publications/Souvenirs & Royalties (273,015) 94,100 68,8138(25,287)
Profit or (loss) on exchange (324,583) - (96,378) (96,378)Savings on previous year's
  outstanding obligations 236,856 91,000 358,683 267,683
Rental of meeting rooms and office
  space at Centre William Rappard 152,965 140,000 161,695 21,695
Contributions of Observer countries 661,187 630,000 674,372 44,372
                                                     
8 Includes royalties CHF 63,335 for the sale of publications.WT/BFA/W/97
Page 12
Interest on Current Account 81,609 40,750 18,323 (22,427)
Various 369,801 34,000 (4,872) (38,872)
Total 904,820 1,029,850 1,180,636 150,786
49. Various other income for 2002 comprises the following:
CHF
Refund of prior year's expenditure   99,827
Miscellaneous ( paper recycling, photocopi es, settlement discount etc.)      114,130
Less:  Funding contributions in ar rears                                                                                      (2 18,829)
Total                                                                                                                            (4,872)
50. The amount of CHF 218,829 was used to clear arrears of Burkina Faso for 1987 and earlier
years in accordance with the Council’s approval (C/M/273) of the recommendation of the Committee
on Budget, Finance and Administration (L/7483) with regard to a scheme to facilitate the payment of
such arrears.
V. SURPLUS ACCOUNT
51. The Surplus Account (Statement 3) shows a deficit amounting to CHF 1,000,789 as at
31 December 2002, due to:
(a) the opening deficit balance of CHF 5,095,538 on 1 January 2002;
(b) the write-off of irrecoverable invoices and travel-related costs of CHF 18,022;
(c) the 2002 budgetary deficit of CHF 1,116,969 for the WTO Secretariat;
(d) the 2002 budgetary surplus of CHF 49,061 for the Appellate Body Secretariat.
This was offset by:
(a) a decrease in the provision for contributions in arrears of CHF 2,199,2619,
(b) a total excess of income over expenditure as follows:
i) a contribution amounting to CHF 2,830,632 assessed on a new Member
subsequent to the adoption of the 2002 scale of contributions.
ii) an excess in actual versus estimated miscellaneous income of CHF 133,299
(WTO Secretariat) and CHF 17,487 (Appellate Body Secretariat);
52. Taking into account the opening deficit balance of CHF 5,095,538 in the Surplus Account on
1 January 2002, the net effect of the movements explained in paragraph 51 above resulted in an
accumulated deficit of CHF 1,000,789 at the end of 2002. This amount was covered from theWorking Capital Fund in accordance with WTO Financial Regulation 26.4.
                                                     
9 Contributions receivable from WTO members amounted to CHF 24,552,465 at 31 December 2002 as
compared with CHF 26,751,726 at the end of 2001, i.e. a decrease of CHF 2,199,261 in contributionsoutstanding.WT/BFA/W/97
Page 13
VI. ASSETS AND LIABILITIES
Assets
53. At 31 December 2002, cash in hand represented CHF 10,000; cash at bank and in the postal
checking account amounted to CHF 10,777,890.  Investments held on 31 December 2002,  were
CHF 4,186,252 (Schedule C), CHF 4,172,000 worth held in US dollars (Schedule D), andCHF 5,317,200 worth held in Euros (Schedule E).
54. Contributions receivable from Members amounted to CHF 24,552,465 at 31 December 2002
as shown in Schedule B.  This corresponding amount for 31 December 2001 was CHF 26,751.726.
55. At the recommendation from the External Au ditors, contributions receivable from WTO
Observers were recorded from 2000 as a receivable asset and amount to CHF 576,589
10.
56. Prepaid 2003 expenditure is CHF 278,634. Miscellaneous accounts receivable at
31 December 2002 totalled CHF 4,146,649.  This amount includes staff advances of CHF 1,626,798for salary, travel and education grants.   In respect of United States taxes, an amount of CHF 458,744
is partially due from their authorities.  CHF 168,932 was recorded as recoverable Swiss taxes, an
amount which includes VAT refunds and withholding taxes on interest. Accrued interest on
investments amount to CHF 8,751. A total of CHF 1,129,986 recorded as receivable represents the
value of stock of WTO publications, co-publications and souvenirs. An advance premium ofCHF 372,000 covered the WTO staff personal accident insurance.  An advance of CHF 71,034 was
recorded for the Cancun Ministerial Meeting in 2003.  Various other items amounted to CHF 310,404
of which outstanding invoices on the sale of publications amounted to CHF 85,346; advance to
suppliers CHF 104,320, other receivables of CHF 47,493,  leaving a balance of CHF 73,245 for
receivable WTO invoices on work done for others, rental of offices and meeting rooms and travelcosts funded by outside entities.
Liabilities
57. Miscellaneous accounts payable at 31 December 2002 amounted to CHF 4,082,315 and
included the following: (i) amounts payable to suppliers: CHF 2,984,269; (ii) amounts payable toWTO staff (e.g. travel claims) and to consultants for unliquidated payments on contracts:
CHF 798,837 and other payables CHF 299,209.
58. CHF 181,224 (Schedule A) in respect of interest earned in 2002 will be applied against
assessed contributions for the year 2004 in accordance with the provisions of the Early Payment
Encouragement Scheme (see paragraph 68).  The 2001 interest of CHF 903,116 has been apportionedand deducted from the 2003 assessments on relevant Members.
59. Advance contributions pertaining to 2003 and 2004 amounted to CHF 7,038,171 and
CHF 132,092,  respectively.  Advance payments from WTO Observers amounted to CHF 263.
60. Total outstanding obligations amount to CHF 2,462,982, and are comprised of
CHF 2,430,677 with respect to the WTO and CHF 32,305 with respect to the Appellate Body
Secretariat (excluding the Appellate Body Operating Fund).
61. CHF 24,552,465 covered all contributions in arrears as at 31 December 2002.  (Statement 4
and Schedule B).
                                                     
10 Document WT/BFA/W/72.WT/BFA/W/97
Page 14
62. Further to the General Council’s decision to se t up a Ministerial Operating Fund, a provision
of CHF 312,098 has been established to fund the Ministerial Conference expenditure in 2003.
63. In accordance with the decision of the General Council (WT/GC/M/72) a provision
CHF 1,000,000 has been created to be used as buffer account in connection with the ‘Doha
Development Agenda Global Trust Fund’ buffer account.
64. The balance of the Appellate Body Oper ating Fund (ABOF) amounted to CHF 476,805 on
31 December 2002.
65. The balance sheet of all other extra-budg etary funds stood at CHF 13,876,937 on the same
date. (see document WT/BFA/W/ 99 ).
66. As mentioned in paragraph  51, the 2002 Deficit amounted to CHF 1,000,789.
VII. WORKING CAPITAL FUND
67. The principal of the Fund amounted to CHF 8,901,765 as at 31 December 2002.  This amount
included CHF 3,557,652 in advances made by Members as at 31 December 2002.  Interest amountingto CHF 123,429
11 was credited to the Working Capital Fund.  An amount of CHF 228,481 has been
recorded as receivable from Members as at 31 December 2002 as well as CHF 43,270 as withholding
tax on interest (Statement 5). The balance of the current account of the Working Capital Fund
amounted to CHF 130,014. In accordance with WTO Financial Regulation 26.4 the accumulated
deficit for 2002, of CHF 1,000,789, was covered by the Working Capital Fund (see paragraph 51).
VIII.  EARLY PAYMENT ENCOURAGEMENT SCHEME
68. Pursuant to the Council's approval (C/M/ 226) of the recommendation of the Committee on
Budget, Finance and Administration (L/6384) to  introduce a system to encourage payment of
contributions, interest earned on the current year's contributions is refunded to Members on the basis
of calculations which take account of the amount and date of payment.  Schedule A shows theapportionment of CHF 181,224 earned as interest in 2002 (Schedule A/Statement 4).  The apportioned
amounts will be deducted from the relevant Members' contributions for 2004.
IX. EXTRA-BUDGETARY FUNDS
Appellate Body Op erating Fund (ABOF)
69. Permanent costs expenditure of the Appellate Body and its Secretariat has been reported on in
the previous section. This section considers the variable cost expenditure of the Appellate Body
consisting of the number cases and their duration brought before the Body.  Expenditure, excluding
commitments, for 2002 amounted to CHF 1,268,973.
                                                     
11 Inclusive of the interest on the current account of the Working Capital Fund CHF 691.WT/BFA/W/97
Page 15
Statement of Appellate Body Operating Fund Expenditure
as at 31 August 2002
Opening balance as at 1 January 2002 ………………………………………….CHF  1,711,018
Expenditure as at 31 December 2002 (see Annex 3)……………………………CHF  1,268,973
Interest earned during the course of the year…………………………………….CHF 34,760Balance as at 31 December 2002……………………………………………….. CHF     476,805
Ministerial Operating Fund (MOF)
70. The expenditure under this heading concerns any type of expenditure that the organization
would have had to incur, if the Ministerial were to  be head at the duty station, and should exclude all
expenditure relating to its change of venue.
71. To avoid budgetary fluctuations the Committ ee on Budget Finance and Administration
decided in 1997 (WT/BFA/32) to create a provision in the regular budget for this event and for it to be
carried forward in Non-Ministerial years. The provision for this Ministerial Conference amount to
CHF 800,000 and is comprised of a provision of CHF 400,000 in both 2002 and 2003.
72. Expenditure incurred in 2002 for the MOF to  CHF 87,902. This expenditure is primarily
associated with irrecoverable costs associated with  previous Ministerial Conferences as well as the
insurance premium to cover staff travelling to the conference. The balance of the 2002 provision,
CHF 312,098, was credited to the Ministerial Conference Operating Fund.WT/BFA/W/97
Page 16
X. REPORT OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE WORLD
TRADE ORGANIZATION FOR THE YEAR ENDED 31 DECEMBER 2002
GENERAL
73. The Financial Regulations of the World Trade Organization (WTO) came into effect on
1 January 1996 and have been applied to the financial administration of the Secretariat to the WTO of
that date.  The examination has been carried out in accordance with those regulations and rules, and
with the financial resolutions and decisions of the WTO.
74. The audit of the 2002 accounts has been carried out on the assumption that the transfers
between budgetary sections proposed in document WT/BFA/W/97, paragraphs 32 and 45, in
accordance with WTO Financial Regulation 24 and WTO Financial Rule 4.4, will be approved by the
WTO General Council.
EXPLANATORY NOTES TO THE ACCOUNTS
Outturn in 2002
75. Appropriations authorized by the Members of the WTO for 2002 were CHF 140,313,850 for
the WTO Secretariat (Statement 1a), and CHF 2,816,000 in respect of the Appellate Body and itsSecretariat (Statement 1b).  The overall budget of CHF 143,129,850 (WTO Secretariat and the
Appellate Body and its Secretariat) was to be financed by contributions of CHF 142,100,000 and
estimated miscellaneous income of CHF 1,029,850.
76. Expenditure under the WTO Secretariat in 2002 amounted to CHF 141,430,819, leaving a
budgetary deficit of CHF 1,116,969.  With respect to the Appellate Body and its Secretariat, 2002
expenditure amounted to CHF 2,766,939, resulting in a budgetary surplus of CHF 49,061.  The total
excess of  expenditure over  income totalled CHF 1,913,510  (Statement 2).
Outstanding Contributions
77. Contributions outstanding at 31 December 2002 for WTO Members amounted to
CHF 24,552,465 (Schedule B).  This was CHF 2,199,261 less than at 31 December 2001.  The
provision for contributions in arrears was decreased accordingly.  This provision takes no account of
the degree of collectableness of the contributions outstanding; it is maintained for the whole amount
of it.  17,3 per cent of the amount outstanding related to contributions for 2002.
Outstanding obligations for the WTO as at 31 December 2002
78. Total outstanding obligations of the WTO amounted to CHF 2,430,677 comprised of the
following:
Section 1- (Work Years):CHF 279,617
Section 2- (Temporary Assistance):CHF 797,886
Section 4- (Building Facilities):CHF 196,991
Section 5- (Permanent Equipment):CHF 150,247
Section 6- (Expendable Equipment):CHF 60,243
Section 7- (Contractual Services):CHF 308,204WT/BFA/W/97
Page 17
Section 8- (Staff Overhead Costs):CHF 455,805
Section 9- (Missions):CHF 1,000
Section 10- (Trade Policy Training Courses):CHF 52,036
Section 12- (Various: Hospitality, Dispute Settlement Panels,
Library, Publications, Public Information Activities,
External Auditors, Ministerial Meetings and Others):CHF 128,648
Outstanding obligations for the Appellate Body Secretariat as at 31 December 2002
79. Total outstanding obligations of the Appellate Body Secretariat amounted to CHF 32,305
comprised of the following: Section 1-(Work Year s): CHF 4,746; Section 5-(Permanent Equipment):
CHF 22,251; Section 8-(Staff Overhead Costs): CH F 4,308 and Section 12-(Various) CHF 1,000.
80. The General Fund contained an amount of CHF 13,876,937 that remained available under
extra-budgetary funds.  In addition, the closing position on 31 December 2002 of the Appellate Body
Operating Fund amounted to CHF 476,805.
Administrative organization
81. Following the recommendations in previous auditor’s reports a considerable number of
regulations and rules has been brought together in the existing WTO Administrative Manual. Based
on the existing Financial Rules and Financial Regulations a regularly updated (electronic) description
of all relevant financial and non-financial processes might be helpful for a proper internal control of
business and as a management tool.
Equipment
82. The existing inventory system has been replaced by an electronic Facility Management
system offering a wide range of specific information of the existing equipment which can be used for
renovation purposes as well as for investment decisions. It is recommended to expand respectively to
link, the new system with the IT-equipment as well to make the best use of it.
Extra-budgetary Funds
83. Due to the number of funds as well as the money involved reporting on these funds is more
and more important. As an increasing number of missions are being financed by these funds more
transparency seems to be necessary. In our opinion reporting over these funds should be improved
giving some information on the funds, expenditures and the balance at the end of the year.
84. With respect to the Report on Extra Budgetary Funds describing the development of each
fund it was suggested to consider the possibilities of a presentation of the expenditures of the
particular funds in a way that expenses occurred in the reporting year are separated from expenses for
which a provision for the following year was established.
85. With respect to the purchase orders not needed in 2002, reference is made to our
recommendation under paragraph 88.WT/BFA/W/97
Page 18
Internal Control
86. Although the necessary separation of duties and responsibilities has been established and the
procedures of internal control are satisfactory in our opinion the institutionalization of internal control
within the Secretariat is indispensable. Facing the increasing complexity of operations, the size of the
organization and the amount of money involved, we recommend once more that an internal auditorshould be appointed to (i) to examine possible measures related to the cost effectiveness and
efficiency and (ii) to check that all procedures and operations are being properly and correctly
followed. To  obtain the most benefit of this function it should be affiliated and report directly to the
Financial Director or th e Deputy Director General.
(Signed)
_____________________________________
Franz Fiedler
President of the Austrian Court of AuditWT/BFA/W/97
Page 19
OPINION OF THE EXTERNAL AUDITOR ON THE ACCOUNTS
OF THE WORLD TRADE ORGANIZATION FOR THE
FINANCIAL YEAR ENDED 31 DECEMBER 2002
87. The representatives of the Austrian Court of Audit have examined the Financial Statements
contained in document WT/BFA/W/97, comprising Statements 1 to 5, Schedules A, B, and C and the
Annex, of the World Trade Organization for the year ended 31 December 2002.  Their examination
included a general review of the accounting procedures and such tests of the accounting records and
other supporting evidence, as they considered necessary in the circumstances.  As a result of the
examination, the opinion is given that these statemen ts, which were prepared in conformity with the
accounting policies described in the Annex of Document WT/BFA/W/97 and applied on a basis
consistent with that of the preceding financial period, present fairly the financial position of the WorldTrade Organization as at 31 December 2002 and the operations for 2002.  They properly reflect the
financial transactions for the financial period, whic h transactions were in accordance with the applied
Financial Regulations and Rules and legislative authority and with the financial resolutions and
decisions of the Members of the World Trade Organization.
88. Attention is drawn to paragraphs 85 (Extra- budgetary Funds) of the Report of the External
Auditor in which it is stated that, at the financial year ended 31 December 2002, purchase orders
created in 2001 amounting to CHF 238,719 have not been used in 2002. These purchase orders will
have to be closed in 2003 generating an equivalent amount of resources in the corresponding Trust
Funds.
(Signed)
______________________________
Franz Fiedler
President of the Austrian Court of Audit
.WT/BFA/W/97
Page 20Statement 1 a
WORLD TRADE ORGANIZATION
WTO Secretariat
Statement of Budgetary Expenditure 2002
(in Swiss francs)
Original Proposed Final
Appropriation Transfers Appropriations 
(WT/GC/M/72)   Expenditure Balance
 
PART A. PROFESSIONAL     
1. Work/Years 85,766,800 (3,440,727) 82,326,073 82,326,073 0
2. Temporary Assistance 13,205,100 5,119,625 18,324,725 19,952,687 (1,627,962)
      
PART B. ADMINISTRATIVE COSTS      
3. Communications 2,166,000 69,785 2,235,785 2,235,785 0
4. Building Facilities 3,819,100 (269,651) 3,549,449 3,549,449 0
5. Permanent Equipment 3,700,800 (445,934) 3,254,866 3,254,866 0
6. Expendable Equipment 1,358,700 (55,503) 1,303,197 1,303,197 0
7. Contractual Services 3,904,800 (362,020) 3,542,780 3,542,780 0
      
PART C. OTHER COSTS      
8. Staff Overhead Costs 2,141,000 199,291 2,340,291 2,340,291 0
9. Missions 2,439,300 (113,858) 2,325,442 2,325,442 0
10. Trade Policy Training Courses 3,380,000 (444,255) 2,935,745 2,935,745 0
11. Contribution to ITC 15,113,850  15,113,850 14,654,857 458,993
12. Various 3,218,400 (256,753) 2,961,647 2,961,647 0
13. Unforeseen Expenditure 100,000  100,000 48,000 52,000
      
 140,313,850 0 140,313,850 141,430,819 (1,116,969)
(Signed) (Signed)
_____________________________________ _____________________________________
Supachai Panitchpakdi Jacques E. Chabert
Director General Director
Administration and General Services DivisionWT/BFA/W/97
Page 21Statement 1b
WORLD TRADE ORGANIZATION
Appellate Body and its Secretariat
Statement of Budgetary Expenditure 2002
(in Swiss francs)
 
Original Proposed Final
Appropriation Transfers Appropriations 
(WT/GC/M/72)   Expenditure Balance
     
PART A. PROFESSIONAL     
Section 1. Work/Years 2,041,000 (15,272) 2,025,728 1,983,081 42,647
2. Temporary Assistance 36,000 16,254 52,254 52,254 0
     
PART B. ADMINISTRATIVE COSTS     
3. Communications 6,500 212 6,712 6,712 0
4. Building Facilities 13,000 790 13,790 13,790 0
5. Permanent Equipment 47,200 (20,329) 26,871 26,871 0
6. Expendable Equipment 17,700 (8,657) 9,043 9,043 0
7. Contractual Services 15,000 2,414 17,414 17,414 0
     
PART C. OTHER COSTS     
8. Staff Overhead Costs 7,000 1,005 8,005 8,005 0
9. Missions 10,000  10,000 3,586 6,414
10. Trade Policy Training Courses     
11. Contribution to ITC     
12. Various 622,600 23,583 646,183 646,183 0
13. Unforeseen Expenditure     
     
 2,816,000 0 2,816,000 2,766,939 49,061
(Signed) (Signed)
_____________________________________ _____________________________________
Supachai Panitchpakdi Jacques E. Chabert
Director General Director
Administration and General Services DivisionWT/BFA/W/97
Page 22Statement 2
WORLD TRADE ORGANIZATION
Income and Expenditure Account for the year ended 31 D ecember 2002
(in Swiss francs)
EXPENDITURE INCOME
   
2002 Expenditure  Contributions assessed on Members 142,100,000
 WTO Secretariat (Statement 1a) 141,430,819  
 Appellate Body and Its Secretariat (Statement 1b) 2,766,939 144,197,758Contribution assessed on a new Member subsequent  
  to the adoption of the 2002 scale of contributions  
Excess of income over expenditure  Chinese Taipei 2,830,632
 WTO Secretariat 1,846,962  
 Appellate Body and Its Secretariat 66,548 1,913,510Miscellaneous:  
  Sale of publications and souvenirs incl. royalties 68,813 
  Loss on exchange (96,378) 
  Savings on previous year's outstanding obligations  
  WTO Secretariat 341,196  
  Appellate Body and Its Secretariat 17,487 358,683 
  Rental of meeting rooms, office space and parking  
  at Centre William Rappard to others 161,695 
  Contributions of Observers 674,372 
  Interest on current accounts 18,323 
   
  Various (4,872) 1,180,636
   
   
   
     146,111,268        146,111,268
(Signed)  (Signed)
Supachai Panitchpakdi Jacques E. Chabert
Director-General Director
Administration and General Services DivisionWT/BFA/W/97
Page 23Statement 3
WORLD TRADE ORGANIZATION
Surplus Account for the year ended 31 D ecember 2002
(in Swiss francs)
DEBITS CREDITS
    
Balance as at 1 January 2002 5,095,538Decrease of provision for contributions in arrears 2,199,261
    
Write-off of irrecoverable invoices and travel-related costs 18,022Excess of income over expenditure:  
   Contribution assessed on a new Member subsequent  
2002 budgetary deficit   to the adoption of the 2002 scale of contributions  
 WTO Secretariat 1,116,969  Chinese Taipei 2,830,632 
    
2002 budgetary surplus   Excess of actual miscellaneous income  
 Appellate Body and Its Secretariat (49,061) 1,067,908 over estimated miscellaneous income  
   WTO Secretariat 133,299  
   Appellate Body and Its Secretariat 17,487 150,786 2,981,418
    
  Accumulated deficit as at 31 December 2002 1,000,789
    
    
    
    
    
    
    
    
     6,181,468       6,181,468
 (Signed) (Signed) 
Supachai Panitchpakdi Jacques E. Chabert
Director-General Director
Administration and General Services DivisionWT/BFA/W/97
Page 24
Cash in hand 10,000 Accounts payable
Miscellaneous 299,209
Cash at bank and in postal cheques account 10,777,890 Suppliers 2,984,269
Staff / SSA 798,837 4,082,315
Investments in Swiss Francs (Schedule C) 4,186,252
Interest earned in 2001 and 2002 to be distributed to Members
Investments in US Dollars (Schedule D) 4,172,000 2001 903,116
2002 181,224 1,084,340
Investments in Euro (Schedule E) 5,317,200
Contributions paid in advance by Members
Accounts r eceivable: 2003 7,038,171
Contributions from Members (Schedule B) 24,552,465 2004 132,092 7,170,263
Contributions from Observers 1995 15,660 Payments made in advance by Observers 263
1996 16,9951997 21,282 Reserve for 2002 obligations outstanding as at 31 D ecember 2002
1998 59,234 WTO Secretariat 2,430,677
1999 72,660 Appellate Body and Its Secretariat 32,305
2,462,982
2000 88,9132001 137,470 Provision for contributions in arrears 24,552,4652002 164,375
576,589
Provision for Ministerial Operating Fund 2003 312,098
Miscellaneous accounts r eceivable 4, 146,649
Provision for Doha Development Agenda Global Trust Fund 1,000,000
Prepaid expenditure 278,634
Appellate Body Operating Fund (WT/BFA/W/97) 476,805
Accumulated deficit as at 31 December 2002
(covered by the Working Capital Fund) 1,000,789 Extra-budgetary funds (document WT/BFA/W/99) 13,876,937
55,018,468 55,018,468
1) The value of the Centre William Rappard donated by the Swiss authorities in application of the Headquarters Agreement has be en estimated at CHF 56,000,000
2) Furniture equipment and vehicles are charged to the budget at time of purchase; The value at cost of items still held at 31 December 2002 was CHF 17,918,060.78 (including leased equipment)
3) Stocks of publications, for sale and free distribu tion, and other expendable stores were also held.Statement 4
Administration and General Services DivisionDirectorLIABILITIES
(Signed)
Jacques E. ChabertWORLD TRADE ORGANIZATION
Statement of Assets and Liabilities as at 31 December 2002
GENERAL FUND
(in Swiss francs)
ASSETS
(Signed)
Supachai Panitchpakdi
Director-GeneralWT/BFA/W/97
Page 25Statement 5
WORLD TRADE ORGANIZATION
Statement of Assets and Liabilities as at 31 December 2002
WORKING CAPITAL FUND
(in Swiss francs)
ASSETS LIABILITIES AND CAPITAL FUND
    
Investments (Schedule F)  Principal of Fund:  
 Advance to cover 2002 accumulated deficit 1,000,789  Sums held to the credit of WTO:  
 Unencumbered balance 7,499,211 8,500,000 Balance as at 1 January 2002 5,220,684 
   Interest on investments during 2002 122,738 
Receivable from Members 228,481 Interest on current account during 2002 691 5,344,113
    
Receivable "Wit hholding tax" 43,270 Advances made by Members as at 1 January 2002 3,386,203 
   New Member:  
Working Capital Fund held in Current Account 130,014 Chinese Taipei 171,449 3,557,652
    
    
    
    
    
    
    
    
    
     8,901,765     8,901,765
(Signed) (Signed)
Supachai Panitchpakdi Jacques E. Chabert
Director-General DirectorWT/BFA/W/97
Page 26
SCHEDULE A
2002 Early Payment Encouragement Scheme :
Interest to distributed
Members CHF
Albanie 34
Angola 103
Australia 3,631
Austria 4,227
Bahrain 160
Bangladesh 43
Barbados 39
Belgium 5,341
Bolivia 69
Botswana 84
Brazil 842
Brunei Darussalam 110
Bulgaria 45
Cameroon 84
Canada 10,806
Chile 384
China 7,687
Chinese Taipei 635
Columbia 6
Costa Rica 270
Croatia 276
Cuba 200
Cyprus 150WT/BFA/W/97
Page 27
Members CHF
Czech Republic 1,598
Denmark 2,623
Ecuador 201
Egypt 784
El Salvador 105
Estonia 192
Fiji 41
Finland 1,982
France 14,040
Germany 14,961
Greece 502
Grenada 42
Guatemala 152
Haïti 2
Honduras 97
Hong Kong 10,083
Hungary 528
Iceland 138
India 786
Indonesia 1,314
Ireland 3,571
Israel 1,185
Italie 9,676
Jamaïca 66
Japan 4,340
Jordan 98WT/BFA/W/97
Page 28
Members CHF
Kenya 109
Korea 6,582
Latvia 147
Liechtenstein 83
Lithuania 206
Luxembourg 856
Macau,China 178
Madagascar 44
Malaysia 3,707
Maldives 15
Malta 140
Maroc 253
Mauritius 121
Mexico 1,760
Moldova 4,864
Mongolia 29
Mozambique 4
Myanmar 69
Namibia 47
New Zealand 736
Nicaragua 63
Norway 2,369
Oman 239
Pakistan 212
Panama 228
Papua New Guinea 63WT/BFA/W/97
Page 29
Members CHF
Philippines 4
Poland 1,820
Portugal 472
Republic of Singapore 3,587
Romania 492
Saint Lucia 26
Senegal 72
Slovak Republic 504
Slovenia 467
South Africa 279
Spain 3,218
Sri Lanka 100
St-Kitts Nevis 41
St-Vincent and the Grenadines 26
Suisse 4,314
Swaziland 54
Sweden 4,502
Thailand 2,919
The Netherlands 6,589
Trinidad Tobago 47
Tunisia 353
Turkey 770
Uganda 8
UK 17,630
United Arab Emirates 678
United States 4,725WT/BFA/W/97
Page 30
Members CHF
Uruguay 1
Zimbabwe 69
Grand Total 181,224WT/BFA/W/97
Page 31SCHEDULE B/TABLEAU B/CUADRO B
ADMINISTRATIVE MEASURES 2002
MESURES ADMINISTRATIVES CURRENT YEAR SITUATIONSTATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2002/ ETAT DES ARRIERES DE CONTRIBUTIONS
AU 31 DECEMBRE 2002/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2002
MEDIDAS ADMINISTRATIVAS SITUATION DE L'ANNEE COURANTE
Swiss Francs/Francs suisses/Francos suizos (see/voir/véase p. 6) SITUACIÓN DEL AÑO EN CURSO2003
Swiss Francs/Francs suisses/Francos suizos CHF
Assessment Interest Payments Oustanding Advance
Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros1969
19881989
19981999 2000 2001 2002 TOTAL I II IIIIV
INACTIVE/
INACTIVA
 Contribución Intereses Pagos Pendiente Adelantado
Albania/Albanie/Albania 0 0 0 0 0 0 0    21,315 (21,315) 0  
Angola 0 0 0 0 0 4,067 4,067    80,997 (241) (76,689) 4,067 -
Antigua and Barbuda/Antigua-et-Barbuda/Antigua y Barbuda 144,348 277,839 36,330 18,990 19,935 21,315 518,757   
1 21,315 0 0 21,315 -
Argentina/Argentine 0 0 0 0 528,904 724,710 1,253,614    724,710 - 0 724,710 -
Australia/Australie 0 0 0 0 0 0 0    1,730,778 (10,422) (1,720,356) 0 -
Austria/Autriche 0 0 0 0 0 0 0    2,043,398 (11,763) (2,031,635) 0 -
Bahrain/Bahreïn/Bahrein 0 0 0 0 0 0 0    96,628 (582) (96,046) 0 -
Bangladesh 0 0 0 0 0 0 0     149,205 - (149,205) 0 -
Barbados/Barbade 0 0 0 0 0 0 0    28,420 (68) (28,352) 0 -
Belgium/Belgique/Bélgica 0 0 0 0 0 0 0    3,812,543 (17,216) (3,795,327) 0 -
Belize/Belice 0 0 0 0 0 21,225 21,225    21,315 (90) 0 21,225 -
Benin/Bénin 0 0 0 0 478 21,228 21,706    21,315 (87) 0 21,228 -
Bolivia/Bolivie 0 0 0 0 0 201 201    36,946 (168) (36,577) 201 -
Botswana 0 0 0 0 0 0 0    58,261 - (58,261) 0 -
Brazil/Brésil/Brasil 0 0 0 0 0 140,427 140,427    1,403,948 (1,141) (1,262,380) 140,427 -
Brunei Darussalam/Brunéi Darussalam 0 0 0 0 0 0 0    62,524 (335) (62,189) 0 -
Bulgaria/Bulgarie 0 0 0 0 0 0 0    133,574 (177) (133,397) 0 -
Burkina Faso 0 0 1,476 18,990 19,935 21,315 61,716   1 21,315 - 0 21,315 -
Burundi 666,623 277,839 36,330 18,990 19,935 21,315 1,041,032   1 21,315 - 0 21,315 -
Cameroon/Cameroun/Camerún 0 0 0 0 0 0 0    38,367 (243) (38,124) 0 30,413
Canada/Canadá 0 0 0 0 0 0 0    5,561,794 (29,044) (5,532,750) 0 -
Central African Republic/Républiquecentrafricaine/    República Centroafricana 550,128 277,839 36,330 18,990 19,935 21,315 924,537   
1 21,315 - 0 21,315 -
Chad/Tchad 813,684 250,647 36,330 18,990 19,935 21,315 1,160,901   1 21,315 - 0 21,315 -
Chile/Chili 0 0 0 0 0 0 0    441,931 (1,209) (440,722) 0 -
China, People's Republic of     0 0 0    4,224,633 (4,224,633) 0 -
Colombia/Colombie 0 0 0 0 0 327,787 327,787    331,093 (456) (2,850) 327,787 -
Congo 570,280 258,806 36,330 32,916 34,554 34,104 966,990   1 34,104 - 0 34,104 -
Costa Rica 0 0 0 0 0 0 0    147,784 (577) (147,207) 0 81,589
Côte d'Ivoire 0 0 0 49,025 98,167 96,610 243,802 1  96,628 (18) 0 96,610 -
Croatia/Croatie/Croacia  0  0 0 0 0    208,887 (208,887) 0 -
Cuba 0 0 0 0 0 0 0    90,944 (438) (90,506) 0 107,040
Cyprus/Chypre/Chipre 0 0 0 0 0 0 0    90,944 (452) (90,492) 0 -
Czech Republic/République
tchèque/República Checa 0 0 0 0 0 0 0    726,131 (4,344) (721,787) 0 -
Democratic Republic of the
Congo/République démocratique du
Congo/República Democrática del
Congo 496,277 324,962 48,440 25,320 33,225 34,104 962,328   1 34,104 - 0 34,104 -
Denmark/Danemark/Dinamarca 0 0 0 0 0 0 0     1,347,108 (8,013) (1,339,095) 0 -
Djibouti 0 161,760 36,330 18,990 19,935 21,315 258,330   1 21,315 - 0 21,315 -
Dominica/Dominique 0 0 0 0 19,853 21,237 41,090 1   21,315 (78) - 21,237 -
Dominican Republic/République
dominicaine/República Dominicana 673,388 0 0 129,587 159,480 177,625 1,140,080 1  177,625 - 0 177,625 -
Ecuador/Equateur 0 0 0 0 0 0 0    120,785 - (120,785) 0 1,177
Egypt/Egypte/Egipto 0 0 0 0 0 0 0    377,986 (2,243) (375,743) 0 -
El Salvador 0 0 0 0 0 129 129    82,418 (234) (82,055) 129 -WT/BFA/W/97
Page 32ADMINISTRATIVE MEASURES 2002
MESURES ADMINISTRATIVES CURRENT YEAR SITUATIONSTATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2002/ ETAT DES ARRIERES DE CONTRIBUTIONS
AU 31 DECEMBRE 2002/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2002
MEDIDAS ADMINISTRATIVAS SITUATION DE L'ANNEE COURANTE
Swiss Francs/Francs suisses/Francos suizos (see/voir/véase p. 6) SITUACIÓN DEL AÑO EN CURSO2003
Swiss Francs/Francs suisses/Francos suizos CHF
Assessment Interest Payments Oustanding Advance
Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros1969
19881989
19981999 2000 2001 2002 TOTAL I II IIIIV
INACTIVE/
INACTIVA
 Contribución Intereses Pagos Pendiente Adelantado
Estonia/Estonie/Estonia 0 0 0 0 0 0 0    89,523 (346) (89,177) 0 97,544
European Communities/Communautéseuropéennes/ Comunidades Europeas  (a) 0 0 0 0 0 0 0    0   -
Fiji/Fidji 0 0 0 0 0 0 0    22,736 (140) (22,596) 0 -
Finland/Finlande/Finlandia 0 0 0 0 0 0 0    954,912 (5,242) (949,670) 0 -
France/Francia 0 0 0 0 0 0 0    7,873,761 (408) (7,873,353) 0 -
Gabon/Gabón 0 0 0 0 46,836 47,995 94,831    48,314 (319) 0 47,995 -
Gambia/Gambie 590,173 205,907 36,330 18,990 19,935 21,315 892,650   1 21,315 - 0 21,315 -
Georgia  0 0  0 0 2,274 21,315 23,589    21,315 - 0 21,315 -
Germany/Allemagne/Alemania 0 0 0 0 0 0 0    13,202,511 (47,398) (13,155,113) 0 -
Ghana 0 0 0 0 46,396 59,448 105,844 1   59,682 (234) - 59,448 -
Greece/Grèce/Grecia 0 0 0 0 0 0 0    441,931 (1,785) (440,146) 0 -
Grenada/Grenade/Granada 0 0 0 0 0 0 0    21,315 (69) (21,246) 0 -
Guatemala 0 0 0 0 0 0 0    89,523 (396) (89,127) 0 -
Guinea/Guinée 0 161,760 36,330 18,990 19,935 21,315 258,330   1 21,315 - 0 21,315 -
Guinea-Bissau/Guinée-Bissau 0 161,760 36,330 18,990 19,935 21,315 258,330   1 21,315 - 0 21,315 -
Guyana 0 0 0 719 19,867 21,236 41,822 1  21,315 (79) 0 21,236 -
Haiti/Haïti/Haití 0 0 0 0 0 0 0     21,315 - (21,315) 0 -
Honduras 0 0 0 0 0 0 0    55,419 (209) (55,210) 0 4,787
Hong Kong, China/Hong Kong, Chine 0 0 0 0 0 0 0    4,753,245 (30,793) (4,722,452) 0 4,816,653
Hungary/Hongrie/Hungría 0 0 0 0 0 0 0    586,873 (3,180) (583,693) 0 -
Iceland/Islande/Islandia 0 0 0 0 0 0 0    63,945 (351) (63,594) 0 -
India/Inde 0 0 0 0 0 0 0     1,179,430 (1,777) (1,177,653) 0 -
Indonesia/Indonésie 0 0 0 0 0 0 0    1,180,851 (286) (1,180,565) 0 -
Ireland/Irlande/Irlanda 0 0 0 0 0 0 0    1,621,361 (8,246) (1,613,115) 0 1,833,145
Israel/Israël 0 0 0 0 0 0 0    778,708 (4,314) (774,394) 0 -
Italy/Italie/Italia 0 0 0 0 0 0 0    6,262,347 (21,284) (6,241,063) 0 -
Jamaica/Jamaïque 0 0 0 0 0 0 0    80,997 (400) (80,597) 0 -
Japan/Japon/Japón 0 0 0 0 0 0 0    9,419,809 (42,322) (9,377,487) 0 -
Jordan/Jordanie/Jordania 0 0 0 0 0 0 0    93,786 (87) (93,699) 0 -
Kenya 0 0 0 0 0 0 0     66,787 (304) (66,483) 0 1,844
Korea, Republic of/Corée, République
de/  Corea, República de 0 0 0 0 0 0 0    3,383,401 (13,182) (3,370,219) 0 -
Kuwait/Koweït 0 0 0 0 0 275,156 275,156    275,674 (518) 0 275,156 -
Kyrgyz Republic/République
kirghize/República Kirguisa 0 0 2,948 18,990 19,935 21,315 63,188  1 21,315 - 0 21,315 -
Latvia/Lettonie/Letonia 0 0 0 0 0 0 0    72,471 (382) (72,089) 0 -
Lesotho 0 0 0 0 0 21,315 21,315    21,315 - 0 21,315 -
Liechtenstein 0 0 0 0 0 0 0    38,367 (236) (38,131) 0 -
Lithuania/Lituania     0 0 0    117,943 (117,943) 0  
Luxembourg/Luxemburgo 0 0 0 0 0 0 0    422,037 (2,005) (420,032) 0 -
Macao, China/Macao, Chine 0 0 0 0 0 0 0    88,102 (460) (87,642) 0 -
Madagascar 0 0 0 0 0 0 0    21,315 (129) (21,186) 0 -
Malawi 2,755 65,825 36,325 18,990 19,935 21,315 165,145   1 21,315 - 0 21,315 -
Malaysia/Malaisie/Malasia 0 0 0 0 0 0 0    1,865,773 (8,090) (1,857,683) 0 -
Maldives/Maldivas 0 0 0 0 0 0 0    21,315 (74) (21,241) 0 -
Mali/Malí 0 36,071 36,330 18,990 19,935 21,315 132,641   1 21,315 - - 21,315 -
Malta/Malte 0 0 0 0 0 0 0    68,208 (397) (67,811) 0 -
Mauritania/Mauritanie 708,847 277,839 36,330 18,990 19,935 21,315 1,083,256   1 21,315 - 0 21,315 -
Mauritius/Maurice/Mauricio 0 0 0 0 0 0 0    58,261 (339) (57,922) 0 -WT/BFA/W/97
Page 33ADMINISTRATIVE MEASURES 2002
MESURES ADMINISTRATIVES CURRENT YEAR SITUATIONSTATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2002/ ETAT DES ARRIERES DE CONTRIBUTIONS
AU 31 DECEMBRE 2002/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2002
MEDIDAS ADMINISTRATIVAS SITUATION DE L'ANNEE COURANTE
Swiss Francs/Francs suisses/Francos suizos (see/voir/véase p. 6) SITUACIÓN DEL AÑO EN CURSO2003
Swiss Francs/Francs suisses/Francos suizos CHF
Assessment Interest Payments Oustanding Advance
Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros1969
19881989
19981999 2000 2001 2002 TOTAL I II IIIIV
INACTIVE/
INACTIVA
 Contribución Intereses Pagos Pendiente Adelantado
Mexico/Mexique/México 0 0 0 0 0 319,205 319,205    2,992,626 (3,761) (2,669,660) 319,205 -
Moldova/Moldova     0 0 0    21,315 (21,315) 0  
Mongolia/Mongolie 0 0 0 0 0 0 0     21,315 - (21,315) 0 -
Morocco/Maroc/Marruecos 0 0 0 0 0 45,257 45,257    227,360 (1,079) (181,024) 45,257 -
Mozambique 0 0 0 0 0 18,990 18,990     21,315 - (2,325) 18,990 -
Myanmar, Union of/Myanmar, Uniondu/ Myanmar, Unión de 0 0 0 0 0 0 0    45,472 (61) (45,411) 0 -
Namibia/Namibie 0 0 0 0 0 0 0    41,209 (209) (41,000) 0 -
Netherlands, Kingdom of/Pays-Bas,Royaume des/
    Países Bajos, Reino de los 0 0 0 0 0 0 0    5,151,125 (27,140) (5,123,985) 0 -
New Zealand/Nouvelle-Zélande/Nueva
Zelandia 0 0 0 0 0 0 0    377,986 (2,310) (375,676) 0 -
Nicaragua 0 0 0 0 0 0 0    28,420 (44) (28,376) 0 102,633
Niger/Níger 342,864 245,525 36,330 18,990 19,935 21,315 684,959   1 21,315 - 0 21,315 -
Nigeria/Nigéria 0 0 0 0 234,616 289,884 524,500     289,884 - 0 289,884 -
Norway/Norvège/Noruega 0 0 0 0 0 0 0    1,220,639 (7,460) (1,213,179) 0 -
Oman/Oman/Omán  0  0 0 0 0    140,679 - (140,679) 0 -
Pakistan/Pakistán 0 0 0 0 0 0 0     262,885 - (262,885) 0 -
Panama/Panamá 0 0 0 0 0 680 680    176,204 (272) (175,252) 680 -
Papua New Guinea/Papouasie-Nouvelle-Guinée/Papua Nueva Guinea 0 0 0 0 0 0 0    46,893 (279) (46,614) 0 -
Paraguay 0 0 0 0 37,170 90,944 128,114     90,944 - 0 90,944 -
Peru/Pérou/Perú 0 0 0 0 108,417 194,180 302,597    194,677 (497) 0 194,180 -
Philippines/Filipinas 0 0 0 0 0 872,165 872,165     892,388 - (20,223) 872,165 -
Poland/Pologne/Polonia 0 0 0 0 0 0 0    998,963 (5,179) (993,784) 0 -
Portugal 0 0 0 0 0 0 0    865,389 (583) (864,806) 0 -
Qatar 0 0 0 0 0 107,707 107,707    107,996 (289) 0 107,707 -
Romania/Roumanie/Rumania 0 0 0 0 0 0 0    241,570 (1,083) (240,487) 0 -
Rwanda 0 229,880 36,330 18,990 19,935 21,315 326,450   1 21,315 - 0 21,315 -
Saint Kitts and Nevis/Saint-Kitts-et-
Nevis/Saint Kitts y Nevis 0 0 0 0 0 0 0    21,315 (120) (21,195) 0 -
Saint Lucia/Sainte-Lucie/Santa Lucía 0 0 0 0 0 0 0    21,315 (27) (21,288) 0 -
St. Vincent and the Grenadines/Saint-
Vincent-et-les    Grenadines/
San Vicente y las Granadinas 0 0 0 0 0 0 0    21,315 (23) (21,292) 0 -
Senegal/Sénégal 0 0 0 0 0 0 0    32,683 (197) (32,486) 0 93,438
Sierra Leone/Sierra Leona 734,695 277,839 36,330 18,990 19,935 21,315 1,109,104   1 21,315 - 0 21,315 -
Singapore/Singapour/Singapur 0 0 0 0 0 0 0    2,955,680 (13,511) (2,942,169) 0 -
Slovak Republic/République slovaque/  República Eslovaca 0 0 0 0 0 0 0    291,305 (1,650) (289,655) 0 -
Slovenia/Slovénie/Eslovenia 0 0 0 0 0 0 0    240,149 (1,215) (238,934) 0 -
Solomon Islands/Iles Salomon/IslasSalomón 0 0 0 18,990 19,854 21,315 60,159   
1 21,315 - 0 21,315 -
South Africa/Afrique du Sud/Sudáfrica 0 0 0 0 0 610,245 610,245    740,341 (3,902) (126,194) 610,245 -
Spain/Espagne/España 0 0 0 0 0 0 0    3,507,028 (16,747) (3,490,281) 0 -
Sri Lanka 0 0 0 0 0 5,229 5,229    134,995 (599) (129,167) 5,229 -
Suriname 0 0 0 9,050 19,935 21,315 50,300  1  21,315 - 0 21,315 -
Swaziland/Swazilandia 0 0 0 0 0 0 0    25,578 (147) (25,431) 0 -
Sweden/Suède/Suecia 0 0 0 0 0 0 0    2,127,237 (12,588) (2,114,649) 0 -
Switzerland/Suisse/Suiza 0 0 0 0 0 0 0    2,182,656 (7,533) (2,175,123) 0 -WT/BFA/W/97
Page 34ADMINISTRATIVE MEASURES 2002
MESURES ADMINISTRATIVES CURRENT YEAR SITUATIONSTATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2002/ ETAT DES ARRIERES DE CONTRIBUTIONS
AU 31 DECEMBRE 2002/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2002
MEDIDAS ADMINISTRATIVAS SITUATION DE L'ANNEE COURANTE
Swiss Francs/Francs suisses/Francos suizos (see/voir/véase p. 6) SITUACIÓN DEL AÑO EN CURSO2003
Swiss Francs/Francs suisses/Francos suizos CHF
Assessment Interest Payments Oustanding Advance
Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros1969
19881989
19981999 2000 2001 2002 TOTAL I II IIIIV
INACTIVE/
INACTIVA
 Contribución Intereses Pagos Pendiente Adelantado
Chinese Taipei/Taipei Chinois/TaipeiChino      0 0    2,830,632 (2,830,632) 0  
Tanzania/Tanzanie/Tanzanía 437,059 0 0 26,878 35,882 35,525 535,344 1   35,525 - 0 35,525 -
Thailand/Thaïlande/Tailandia 0 0 0 0 0 0 0    1,419,579 (8,335) (1,411,244) 0 -
Togo 111,427 236,208 36,330 18,990 19,935 21,315 444,205   1 21,315 - 0 21,315 -
Trinidad and Tobago/Trinité-et-Tobago/
  Trinidad y Tabago 0 0 0 0 0 0 0    63,945 (199) (63,746) 0 -
Tunisia/Tunisie/Túnez 0 0 0 0 0 0 0    190,414 (644) (189,770) 0 -
Turkey/Turquie/Turquía 0 0 0 0 0 0 0    1,125,432 (1,951) (1,123,481) 0 -
Uganda/Ouganda 0 0 0 0 0 19,899 19,899    28,420 (98) (8,423) 19,899 -
United Arab Emirates/Emirats arabes
unis/ Emiratos Árabes Unidos 0 0 0 0 0 0 0    737,499 (2,189) (735,310) 0 -
United Kingdom of Great Britain and
Northern Ireland/Royaume-Uni de
Grande-Bretagne et d'Irlande du
Nord/Reino Unido de Gran Bretaña e
Irlanda del Norte0 0 0 0 0 0 0     8,329,902 (49,194) (8,280,708) 0 -
United States of America/Etats-Unis
d'Amérique/  Estados Unidos de América 0 0 0 0 0 3,865,264 3,865,264    22,342,383 (18,783) (18,458,336) 3,865,264 -
Uruguay 0 0 0 0 0 81,845 81,845     90,944 - (9,099) 81,845 -
Venezuela 0 0 0 0 433,013 446,166 879,179    447,615 (1,449) 0 446,166 -
Zambia/Zambie 0 102,552 36,330 27,852 29,238 29,841 225,813   1 29,841 - 0 29,841 -
Zimbabwe 0 0 0 0 0 0 0     48,314 (88) (48,226) 0 -
Sub-Total/Total partiel/Total parcial 6,842,548 3,830,858 670,469 643,167 2,247,054 9,487,930 23,722,026 3 4 3 18 144,930,632 (476,855) (134, 965,847) 9,487,930 7,170,263
   
Yugoslavia/Yougoslavie 0 830,439 - - -  830,439        -
Sub-Total/Total partiel/Total parcial 0 830,439 0 0 0 830,439 0 0 0 0 0 0 0 0 0
GRAND TOTAL / TOTAL GENERAL 6,842,548 4,661,297 670,469 643,167 2,247,054 9,487,930 24,552,465 3 4 3 18 144,930,632 (476,855) (134,965,847) 9, 487,930 7,170,263
2002: Summary /Résumé /Resumen   CHF  %
Contributions assessed on Members
Contributions mises à la charge des Membres 142,100,000
Contribuciones señaladas a los Miembros       
(1) New Members         
(1) Nouveaux Membres    2,830,632   
(1) Nuevos Miembros       144,930,632  
Less interest returned    
Moins intérêts ristournés (476,855)  
Menos intereses devengados        
Less payments for 2002Moins paiements pour l'année 2002  (134,965,847)
  
Menos montos pagados para 2002      (135,442,702) 93.45%
2002 Contributions outstanding    
Arriérés pour 2002    
Contribuciones pendientes para 2002  9,487,930 6.55%
   100.00%
(1)   Chinese Taipei/Taipei Chinois/Taipei Chino   2,830,632
        2,830,632WT/BFA/W/97
Page 35WT/BFA/W/97
Page 36
SCHEDULE C
INVESTMENTS HELD ON 31 DECEMBER 2002
(in CHF)
Deposit account with: Amount Interest Rate % Maturity Date
UBS SA, Geneva 2,000,000 0.52 15 January 2003
UBS SA, Geneva 2,000,000 0.52 22 January 2003Banque Edouard Constant,
Geneva 34,137 0.00
Credit Suisse, Geneva 152,115
0.25
TOTAL IN CHF 4,186,252
(Signed) (Signed)
Supachai Panitchpakdi Jacques E. Chabert
Director-General Director
Administration and General Services DivisionWT/BFA/W/97
Page 37
Deposit account with: Amount Interest Rate % Maturity Date
UBS SA, Geneva 2,800,000 1.25 22 January 2003
TOTAL IN USD 2,800,000 1/
1/ USD 2,800,000 at 1.49 = CHF 4,172,000
(Signed)
Director
Administration and General Services Divisio nSupachai Panitchpakdi
Director-GeneralSCHEDULE D
INVESTMENTS HELD ON 31 DECEMBER 2002
(in USD)
Jacques E. Chabert(Signed)WT/BFA/W/97
Page 38
SCHEDULE E
INVESTMENTS HELD ON 31 DECEMBER 2002
(in EUR)
Deposit account with: Amount Interest Rate % Maturity Date
UBS SA, Geneva 3,600,000 2.86 22 January 2003
TOTAL IN EUR 3,600,000 1/
1/ EUR 3,600,000 at 1.477 = CHF 5,317,200
(Signed) _____________(Signed)_________________
Supachai Panitchpakdi Jacques E. Chabert
Director-General Director
Administration and General Services DivisionWT/BFA/W/97
Page 39
SCHEDULE F
INVESTMENTS HELD ON 31 DECEMBER 2002
WORKING CAPITAL FUND
(in CHF)
Deposit account with: Amount Interest Rate % Maturity Date
CREDIT SUISSE 8,500,000 0.54 10 January 2003
TOTAL IN CHF 8,500,000
(Signed ) _________________(Signed)_______________
Supachai Panitchpakdi Jacques E. Chabert
Director-General Director
Administration and General Services DivisionWT/BFA/W/97
Page 40
SCHEDULE G
Observers Statement of Outstanding Contributions
As at 31 December 2002
(in Swiss Francs)
OBSERVER 1995 1996 1997 1998 1999 2000 2001 2002 Total Advance
 GOVERNMENTS         2003
A l g e r i a 0 0 0 0 00 00 0  
A n d o r r a 0 0 0 0 00 00 0  
A r m e n i a 0 0 0 0 00 00 0  
Azerbaijan 0 0 0 7,754 18,165 18,990 19,935 21,315 86,159 
B a h a m a s 0 0 0 0 00 00 0  
Belarus 0 0 0 0 0 0 0 1,563 1,563 
B h u t a n 0 0 0 0 00 00 0  
Bosnia and Herzegovina     0 0 19,935 21,315 41,250 
Cambodia 0 0 0 0 0 0 0 0 0 
Cap Verde 0 0 0 0 0 12,953 19,935 21,315 54,203 
Equatorial Guinea 0 0 0 0 0 0 0 13,607 13,607 
E t h i o p i a 0 0 0 0 00 00 0  
F o r m e r  Y u g o s l a v           
  Republic of Macedonia     0 0 0 0 0 21
H o l y  S e e 0 0 0 0 00 00 0  
Kazakstan 0 0 0 0 0 0 0 0 242
Lao People's           
  Democratic Republic 0 0 0 0 0 0 0 0 0 
L e b a n o n 0 0 0 0 00 00 0  
N e p a l 0 0 0 0 00 00 0  
R u s s i a n  F e d e r a t i o n 0 0 0 0 00 00 0  
S a m o a 0 0 0 0 00 00 0  
S a o  T o m e  A n d           
  Principe 0 0 0 0 0 0 17,860 21,315 39,175 
Saudi Arabia 0 0 0 0 0 0 0 0 0 
Seychelles    17,160 18,165 18,990 19,935 21,315 95,565 
Sudan 0 0 4,152 17,160 18,165 18,990 19,935 21,315 99,717 
T a j i k i s t a n 0 0 0 0 00 00 0  
T o n g a 0 0 0 0 00 00 0  
U k r a i n e 0 0 0 0 00 00 0  
U z b e k i s t a n 0 0 0 0 00 00 0  
Vanuatu 15,660 16,995 17,130 17,160 18,165 18,990 19,935 21,315 145,350 
Viet Nam       0 0 0 
Y e m e n 0 0 0 0 00 00 0  
Yougoslavia,        
  Federal Rep. of       0 0 0 
TOTAL 15,660 16,995 21,282 59,234 72, 660 88,913 137,470 164,375 576,589 263WT/BFA/W/97
Page 41
ANNEX
STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
1. Following decisions by the World Trade Organization, the accounts of WTO were maintained
in accordance with the Financial Regulations and Rules of the WTO, as adopted by the General
Council (WT/GC/M/8).
2. The accounts are maintained on a fund basis.  A General Fund and a Working Capital Fund,
supplemented when appropriate by Trust Funds, have been established in accordance with
Chapters V, VI and VII of the Financial Regulations of the WTO.
3. The financial period consists of one calendar year.
4. The accounts are maintained and contributions are assessed in Swiss francs.  Assets or
liabilities in other currencies are converted to Swiss francs at the official United Nations rate of
exchange at the date of the transaction.
5. Gains or losses on exchange are added to or deducted from miscellaneous income.
6. Income, including contributions assessed on WTO Members, and expenditure are accounted
for on an accrual basis.
7. Any achieved surplus for the financial year is at the disposal of the Members of World Trade
Organization.
8. Provisions are made for the entire amount of contributions receivable from Members of
World Trade Organization and for losses and returns in respect of publications sales.  A reserve is
maintained for all outstanding obligations at the end of the financial year.
9. Fixed assets purchased during the financial year are charged to the budget at the time of
purchase.  The value at cost of items still held in inventory is recorded in a note on the Statement of
Assets and Liabilities.
(Signed) (Signed)
_______________________ ______________________
Supachai Panitchpakdi Jacques E. Chabert
Director -General Director
Administration and General Services Division
__________