RESTRICTEDWORLD TRADE
ORGANIZATIONWT/BFA/W/42
5 October 2000
(00-4082)
Committee on Budget, Finance and Administration
DIRECTOR GENERAL’S BUDGETARY AND FINANCIAL REPORT
FOR 1999
AND REPORT OF THE EXTERNAL AUDITOR THEREONWT/BFA/W/42
Page 2
TABLE ON CONTENTS
PAGE
Forward by the Director-General ................................................................................................ ........3
I. INTRO DUCTION ................................................................................................................. ...5
II. OVERALL EXPENDITURE IN THE WTO IN 1999............................................................5
TECHNICAL ASSISTANCE ACTIVITIES .........................................................................................5
III. 1999 REGULAR BUDGET......................................................................................................6
EXPENDITURE :  WTO .............................................................................................................. .........6
PERSONNEL -RELATED COSTS .......................................................................................................6
ADMINISTRATIVE AND OTHER COSTS ..........................................................................................7
EXPENDITURE:  AP PELLATE BO DY.............................................................................................9
PERSONNEL -RELATED COSTS .......................................................................................................9
ADMINISTRATIVE AND OTHER COSTS ..........................................................................................9
IV. 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. DIVISIONAL REPORTING ON OBJECTIVES  AND EXPENDI TURE ........................18
XI. REPORT  OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE
WORLD TRADE ORGANIZATION FORTHE YEAR ENDED 31 DECEMBER
1999 ........................................................................................................................... ...............20
OPINION OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OFTHE WORLD
TRADE ORGANIZATION FOR THE FINANCIAL YEAR ENDED
31 DECEMB ER 1999 ............................................................................................................... ...........24
Statement 1a: WTO Secretariat 25
Statement 1b: Appellate Body and its Secretariat 26Statement 2: Income and Expenditure Account for the year ended 31 December 1999 27
Statement 3: Surplus Account for the year ended 31 December 1999 28
Statement 4: Statement of Assets and Liabil ities as at 31 December 1999 - General Fund 29
Statement 5: Statement of Assets and Liabilitie s as at 31 December 1999 - Working Capital Fund30
Schedule A: 1999 Early Payment Encouragement Scheme                                                         31
Schedule B: Statement of Outstanding Contributions as at 31 December 1999                        35
Schedule C: Investments held on 31 December 1999 ...................................................................39
ANNEX Statement of Signific ant Accounting Policies ..........................................................40WT/BFA/W/42
Page 3
1999 DIRECTOR-GENERAL'S FINANCIAL REPORT
Forward by the Director-General
For the WTO, 1999 was a turbulent year, characterized by high profile disputes, a substantial
delay in appointing a new Director General and Senior Management team and a Ministerial Conference
which failed to produce agreement on a declaration which would have launched a new round of
multilateral trade negotiations.
The more catastrophic interpretations of Seattle have already been debunked.  The WTO system
is now showing its resilience as Members demonstrate their collective will to move constructively
forward in ways that will produce vital contributions  to economic growth and stable economic relations.
The trade figures for 1999 speak for themselves.  The second half of the year saw a significant
strengthening of global output and trade which have improved the prospects for higher growth in 2000.
The major factors contributing to this rebound from 1998’s downturns were continuous high demand
growth in North America and recovery in Asia.  Th e existence of an effective rules-based multilateral
system was crucial in making the Asian recovery possible.  WTO rules and disciplines helped crisis-hit
Asian governments resist protectionist pressures and, by doing the same for their main export markets,
helped these economies to trade their way out of the crisis.  The trade expansion in 1999 had a positive
impact for developing countries, whose merchandise and services exports both expanded by about twice
the global average.  This was a return to the trend of the 1990s which had been interrupted in 1998.  For1999, developing counties accounted for 27.5 per cent of world merchandise exports and 23 per cent of
commercial services exports, both figures more than 4 per cent up on 1990.  Even among the least-
developed countries there were some significant increases in exports in 1999.  While non-fuel primary
commodity exporters faced a generally unfavourable position, some nonetheless expanded exports by
around 20 per cent.  LDC manufactured goods export ers saw export volumes grow by between 7 per
cent and 25 per cent.
The negotiations in services and agriculture are off to a good start.   Mandated reviews are also
under way.  As elements of a confidence rebuilding programme, the General Council has taken steps to
give serious consideration to implementation issues, encouraged market opening measures in favour ofLDCs, and facilitated the resolution of transition difficulties experienced by a number of Members.  We
have also had an in depth discussion of the need to provide more stability in our efforts to assist
Members in taking advantage of their rights under WTO Agreements and compliance with their
obligations under the WTO.  Our technical co-operation efforts undertaken with these objectives in
mind have been overly reliant on voluntary trust fund contributions which are insufficient to permit us
to meet demand for help in these areas.  This is an inherently instable situation which is not only
underfunded but also fails to share the burden more equitably among our Members.  This is why I toldyou all at our May General Council meeting that I would be asking you to collectively provide an
additional ten million Swiss Francs annually on the technical co-operation budget, linked to improved
planning and administration of the work it will fund.  No Member has questioned our need to move in
this direction.
Towards the end of 1999, the Secretariat was active in developing ways to increase the
participation of smaller WTO Members, especially those without a resident mission in Geneva.  A
Secretariat staff member has now been appointed as liaison with non-resident delegations and we are
working closely with them to make it possible to increase their active presence in WTO within their
very limited means.  The other side of extending the scope and application of the WTO's open andliberal trading system in through the accession of new Members.  These accession bids represent a
significant vote of confidence in the system.WT/BFA/W/42
Page 4
The WTO has entered the new century well and has embarked on the task of rebuilding
confidence and momentum.  The efforts we are making now to advance the existing negotiations, to act
in good faith on the problems of least-developed and developing countries, and to improve the way in
which we conduct our business, are all essential in vestments which we must make whatever our hopes
or expectations relative to the early launch of a new round of multilateral trade negotiations.WT/BFA/W/42
Page 5
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 1999.  The annual
accounts are presented in Swiss francs.
2. It will be recalled that, prior to the coming into force of the World Trade Organization on
1 January 1995, the Preparatory Committee for the WTO (Prepcom) and the CONTRACTING
PARTIES to GATT 1947 approved a transfer agreement between the Preparatory Committee, the
Interim Commission of the International Trade Organization (ICITO) and the GATT CONTRACTING
PARTIES to transfer all assets and liabilities, other than staff contracts from ICITO and the GATT
CONTRACTING PARTIES to the WTO (PC/9, L/7580).  The transfer agreement stipulated that, with
effect from the entry into force of the WTO, the staff of ICITO would perform the duties of the
Secretariat of the WTO until the appointment of the staff of the Secretariat of the WTO.  Accordingly,the Prepcom decided in this respect that pending agreement by the WTO's General Council on the rules
and regulations of the WTO staff, existing ICITO terms and conditions of service for staff would apply.
The ICITO would be dissolved as of the date on which the members of the Secretariat of the WTO are
appointed.
3. 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.  On the basis of these conditions of service, staff of the ICITO were appointed to the
WTO Secretariat with effect from 1 January 1999.
4. 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 1999
5. In the course of 1999, expenditure was incurred in respect of the annual budget of the WTO as
well as extra budgetary funds, made up of trust funds and other funds.  The total overall expenditure of
the Organization in 1999 amounted to CHF 131,080,490.  Expenditure under the annual budget of the
Organization accounted for 91.7 per cent of the total, corresponding to CHF 120,186,129.  Expenditureagainst various trust funds represented 6.5 per cent or CHF 8,451,423.  Finally, expenditure under other
funds (Appellate Body Operating Fund, Fund for Actuarial Studies, Special Fund for the WTO
Programme for Technical Assistance, the Fund for Lega l Experts to Assist Developing Countries in the
Dispute Settlement Process, and the Programme Support Fund accounted for 1.8 per cent or
CHF 2,442,938 of the total overall expenditure.
T
ECHNICAL ASSISTANCE ACTIVITIES
6. As Technical assistance activities (TAA) in the WTO continue to expand, in large measure
through extra-budgetary funds, it was considered useful to identify the aggregate funds devoted to such
activities.  Within the context of the regular budget, there are three readily identifiable sections directly
related to TAA (Technical Cooperation Missions, the WTO contribution to the international Trade
Centre (UNCTAD/WTO) and the Trade Policy courses) and one area covering the cost corresponding
to the time which Directors estimate is devoted to TAA in their Divisions.WT/BFA/W/42
Page 6
7. Expenditure in 1999 can be summarized as follows:
CHF
Technical Cooperation Missions 675,023
Contribution to the ITC 14,207,700
Trade Policy Courses 1,233,018
Estimated cost of staff time devoted to TAA17,996,300
Sub total 24,112,041
Expenditure under all extra budgetary funds29,145,924
Total 33,257,965
III. 1999 REGULAR BUDGET
8. Members of the WTO appropriated CHF 122,195,450 for the financial year 1999
(WT/GC/M/32) comprised of CHF 120,204,500 for the WTO Secretariat and CHF 1,990,950 for the
regular expenditure of the Appellate Body and its Secretariat.  In this respect, WTO expenditure isdetailed in paragraphs 10 to 23 and the respective expenditure for the Appellate Body and its Secretariat
is detailed in paragraphs 29 to 36.
EXPENDITURE:  WTO
3
9. Obligations incurred in 1999 under the WTO budget amounted to CHF118,236,125 leading to a
saving of CHF 1,968,375, which was the net result of overspending of CHF  4 ,296,422 and under-
spending of CHF 6,264,797 under various sections of the budget (Statements 1a, 2 and 3).  With regard
to the overspending recorded in 1999, it should be noted that some 83 per cent (CHF 3,555,349) are
directly related to core WTO activities (costs for interpretation for meetings, translation and text-
processing of documents and use of the Dispute Settlement Panels).  The overall saving of
CHF 1,968,375 was comprised of CHF 1,708,824 on ‘Personnel-related costs’ as detailed in paragraphs10 to 12, as well as CHF 259,551 on ‘Administrative and Other costs’ as referred to in paragraphs 13 to
24.
PERSONNEL -RELATED COSTS
10. The saving of CHF 1,708.824 on Personnel-related costs was the net result of various under and
over-expenditures under a number of sub-items.  Savings occurred on Section 1 (Staff Work Years) andwere partially offset by over-expenditures under Section 2 (Temporary Assistance), as follows:
CHF
Section 1 - Staff Work Years 4,671,341
Section 2 - Temporary Assistance (2,962,517)
Total 1,708,824
11. Under Section 1 (Staff Work Years), the net saving can be subdivided into under-expenditures
of CHF 3,729,649 in respect of salaries and of CHF 1,175,045 in respect of pensions, offset by an over-
                                                     
1 WT/BFA/SPEC/37, paragraph 23.
2 Trust funds and other funds with the exception of th e Appellate Body Operating Fund and the Fund for
Actuarial Studies.
3 Not including the Appellate Body and its SecretariatWT/BFA/W/42
Page 7
expenditure of CHF 233,353 in respect of common staff costs (other than pensions).  Savings occurred
on salaries and pensions primarily as a result of vacant posts.  In this respect, it will be recalled that (i)
there was a total of 34 work/months in vacant posts at the Senior Management level in 1999: 4 at the
level of Director-General and 28 at the Deputy Director-General level: (ii) with the establishment of the
independent WTO Secretariat with its own conditi ons of service, 28 staff decided to take early
retirement; and (iii) 20 new posts were established on 1 January 1999, 17 under the WTO Secretariatand 3 under the Appellate Body Secretariat.  The unusually high number of vacancies, i.e.  posts of staff
taking early retirement as well as new posts, required more time than foreseen in order to fill the posts
concerned.  In the interim, staffing needs were met partially through temporary assistance.
12. Section 2 (Temporary Assistance), over-expenditure of CHF 2,962,517 was incurred, primarily
as a result of two of the WTO’s activities which either continued to grow and/or where resources were
clearly inadequate for the demands.  The activities relate to the volume of documentation produced
(translation and text-processing) as well as the number of meetings held (interpretation) where the over-expenditures amounted to CHF 2,322,883, CHF 114,056 and CHF 438,134 respectively.  In addition,
costs related to the replacement of staff on maternity or long sick leave was CHF 11,677 more than
foreseen and overtime exceeded the estimate by CHF 69,801.  The provision for EDP consultants was
exceeded by CHF 131,861, the provision for messengers by CHF 72,691 and the provision for
internships by CHF 62,186.  Expenditure on temporary assistance common staff costs wasCHF 153,780 more than foreseen.  Overall savings of CHF 414,553 were registered with respect to non-
EDP consultants, proofreaders, reproduction, and clerical and conference staff.
ADMINISTRATIVE AND OTHER COSTS
13. The under-expenditure of CHF 259,551 on ‘Administrative and other costs’, was the net result
of various under and over-expenditures on a number of sub-items.  Over-expenditures occurred on thefollowing sections:
CHF
Section 4 - Building Facilities (43,778)
Section 5 - Permanent Equipment (376,474)
Section 12 - Various (including Dispute Settlement Panels) (913,653)
and were offset by savings on the following sections:
Section 3 - Communications 90,047
Section 6 Expendable Equipment 148,791
Section 7 - Contractual Services 422,504Section 8 - Staff Overhead Costs 208,218
Section 9 - Missions 326,914
Section 10 - Trade Policy Training Courses 296,982
Section 13 - Unforeseen Expenditure 100,000
Total 259,551
14. Under Section 4 (Building Facilities), the pr imary reason for the overall over-expenditure of
CHF 43,778 is that electricity usage increased more than anticipated, inter alia  as informatics LAN
rooms all must be air-conditioned.  In addition, the cost of heating fuel increased by over 50 per cent in
the last six months of 1999.  The over-expenditure with regard to utilities was partially offset by savings
under maintenance and insurance following the re-neg otiation of an insurance contract for the Centre
William Rappard.
15. Under Section 5 (Permanent Equipment), over-expenditure of CHF 376,474 was to a large
extent the result of re-deployment of resources for informatics activities from Sections 6 and 7WT/BFA/W/42
Page 8
(Expendable Equipment and Contractual Services) to Section 5.  An example of this re-deployment is
the enhancement to the Documents Dissemination Facility (DDF), consisting primarily of
improvements to the DDF server which had been foreseen to be undertaken at the International
Computing Centre (Section 7).  After a call for tenders, the Contracts Committee decided that this
project would be implemented by the informatics services of the WTO.
16. Under Section 12 (Various), the net over-expenditure of CHF 913,653 was largely the result of
increased use of Dispute Settlement Panels where an especially heavy demand resulted in expenditure
of CHF 680,276 in excess of that foreseen.  The second most important over-expenditure related to the
1999 Seattle Ministerial Conference where the scale of the conference as well as unforeseen events
resulted in excess costs of CHF 382,958.  With regard to the other sub-items under this allocation, an
over-expenditure of CHF 48,108 was recorded under Public Information Activities while savings of
CHF 94,743 were effected under Representation and Hospitality, CHF 53,050 under the Permanent
Group of Experts, CHF 19,769 under Library, CHF 22,618 under Publications, and CHF 7,509 underMiscellaneous Other Expenses.
17. Under Section 3 (Communications), the total under-expenditure of CHF 90,047 was comprised
of excess expenditure of CHF 20,493 for telecommunications (telephones and faxes) which was more
than offset by savings of CHF 110,540 on postal services resulting from negotiations with various
suppliers of postal/courrier service.
18. With regard to Section 6 (Expendable Equipment), the savings were CHF 148,791.  Of this
amount, CHF 68,496 for EDP supplies was re-deployed to cover excess EDP expenditure under
permanent equipment.  The remaining savings were realized primarily from reproduction supplies,
where 105 million copies had been foreseen and 98 million actually printed.
19. Under Section 7 (Contractual Services), the under-expenditure amounted to CHF 422,504.  The
primary reason was that resources for EDP activities to be provided through the International
Computing Centre under this section were re-deployed for EDP equipment.
20. Under Section 8 (Staff Overhead Costs), the overall savings of CHF 208,218 were the result of
three major elements: (i) as a result of the implem entation of WTO’s own conditions of service, the
Oragnization withdrew from the International Civi l Service Commission and was therefore no longer
obliged to pay annual fees;  (ii) the costs for the Joint Medical Service and (iii) training activities were
less than foreseen.
21. Under Section 9 (Missions), the total savings amounted to CHF 326,914 for Official Missions
and for Technical Missions.  These savings were to a large extent the result of (i) the vacancies in the
Senior Management of the WTO in 1999 (see paragraph 11 above) as well as (ii) the preparations forSeattle Ministerial Conference which prevented staff from undertaking missions which normally would
have been effected in the latter part of the year.
22. Savings of CHF 296,982 were registered under S ection 10 (Trade Policy Training Courses).
These resulted from host Governments paying the travel costs associated with the study tours to their
respective countries.  In addition, the trainees' travel costs to and from Geneva for the course were less
than anticipated.
23. With respect to Section 13 (Unforeseen Expenditure), it was not necessary to call upon use of
this provision.
24. In accordance with WTO Financial Regulation 24 and WTO Financial Rule 4.4, transfers
between WTO budgetary sections of CHF 4,391,165 are necessary in order to cover excess expenditure
over approved appropriations by savings as detailed in paragraphs 10 through 23.  Authority is sought
to increase these appropriations accordingly, as follows:WT/BFA/W/42
Page 9
Transfers from Transfers to
CHF       CHF
Section 1 - Staff Work Years (3,224,623)
Section 3 - Communications (90,047)
Section 6 Expendable Equipment (148,791)Section 7 - Contractual Services (422,504)
Section 8 - Staff Overhead Costs (208,218)
Section 10 - WT/BFA/W/42 Trade Policy Training Courses (296,982)
Section 2 - Temporary Assistance 2,962,517
Section 4 - Building Facilities 43,778
Section 5 - Permanent Equipment 376,474Section 14 - Various  __________ _1,008,396
(4,391,165) 4,391,165
EXPENDITURE:  APPELLATE BODY
25. Pursuant to the recommendation of the Committee on Budget, Finance and Administration
(WT/BFA/28), the General Council approved (WTGC/M/ 17) 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 corresponding appropriations
according to the financial regulations and rules with in the limits set up by the WTO Members.  In this
respect, WTO Members appropriated CHF 1,990,950 for the permanent costs of the Appellate Body forthe financial year 1999.
26. 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 1999, an additional amount of CHF 2,200,044 was provided from the 1998 surplus
(W/BFA/44).
27. Against the approved 1999 budget for the permanent costs of the Appellate Body, obligations
incurred amounted to CHF 1,950,004, leading to a saving of CHF 40,946 (Statements 1b, 2 and 3). This
overall saving was comprised of (i) a saving of CHF 45,762 under personnel-related costs, offset by (ii)
an over-expenditure of CHF 4,816 under administrative and other costs.
28. The aggregate cost for the Appellate Body comprising permanent costs (under the 1999 budget)
and the variable costs (under the ABOF-see paragraph 62) amounted to CHF 3,504,116.
PERSONNEL -RELATED COSTS
29. The budgetary savings of CHF 45,762 on personnel-related costs, was the net result of under-
expenditure of CHF 55,955 in Section 1 and over-e xpenditure of CHF 10,193 in Section 2.  Under
Section 1 (Staff Work Years), the saving resulted from posts which were vacant at some point in 1999.
With regard to Section 2 (Temporary Assistan ce) over-expenditure amounting to CHF 10,193 was
recorded, which reflects use of temporary staff to fill in for vacant posts.
ADMINISTRATIVE AND OTHER COSTS
30. The over-expenditure of CHF 4,816 on administrative and other costs, is the net result of
various under and overexpenditures on a number of sub-items.WT/BFA/W/42
Page 10
Over-expenditures were incurred on the following sections:
CHF
Section 3 - Communications (5,912)Section 4 - Building Facilities (9,140)
Section 6 - Expendable Equipment (1,305)
Section 7 - Contractual Services (2,145)Section 8 - Staff Overhead Costs (1,128)
and were offset by savings on the following sections:
Section 5 - Permanent Equipment 8,074
Section 9 - Missions 5,594
Section 12 - Various 1,146
Total 4,816
31. With respect to Section 3 (Communications), the continuing high level of activity of the
Appellate Body in 1999 is reflected in this over-expenditure of CHF 5,912.
32. Concerning Section 4 (Building Facilities), no allocation was foreseen for 1999.  However,
renovation works associated with providing a higher level of security, were carried out.
33. Under Section 6 (Expendable Equipment) and Section 7  (Contractual Services), over-
expenditures of CHF 1,305 and CHF 2,145 respectively were incurred.  These over-expenditures were
offset by savings of CHF 8,074 under Section 5 (Perma nent Equipment) in the context of the divisional
budgeting practice where Directors have flexibility in the use of resources within (i) personnel-related
costs as well as within (ii) administrative and other costs.
34. Under Section 8 (Staff Overhead Costs), expenditure of CHF 1,128 relating to insurance
premiums for staff of the Appellate Body Secretariat was recorded in 1999.
35. With regard to Section 9 (Missions), a savings of CHF 5,594 was realised in 1999 when some
mission travel was sponsored by other organizations and outside bodies.
36. Under Section 12 (Various), total savings of CHF 1,146 were recorded, primarily related to the
allocation for hospitality and representation.
37. In accordance with WTO Financial Regulation 24 and Financial Rule 4.4, transfers between
budgetary sections of CHF 29,823 are necessary in order to cover excess expenditure over approved
appropriations by savings as detailed in paragraphs 29 through 36.  Authority is sought to increase these
appropriations accordingly, as follows:WT/BFA/W/42
Page 11
Transfers from Transfers to
CHF       CHF
Section 1 - Staff Work Years (20,603)
Section 5 - Permanent Equipment (8,074)
Section 12 - Various (1,146)Section 2 - Temporary Assistance 10,193
Section 3 - Communications 5,912
Section 4 - Building Facilities 9,140
Section 6 - Expendable Equipment 1,305
Section 7 - Contractual Services 2,145
Section 8 - Staff Overhead Costs _________ 1,128
Total (29,823) 29,823
IV. INCOME4
38. 1999 expenditure was to be funded from two sources:  (i) contributions assessed on Members
and (ii) miscellaneous income.
39. At the adoption of the income budget, contributions for 1999 were assessed on Members in the
amount of CHF 121,100,000 (Statement 2).  Subsequent ly, contributions of CHF 53,748 and CHF 9,555
ware assessed on the Latvia and Estonia, respectively, as new WTO Members.  Collection as at
31 December 1999 in respect of 1999 contributions represented CHF 112,553,455 (including interest of
CHF 542,848 earned by Members in 1997 in the context of the Early Payment Encouragement
Scheme).
40. The details of miscellaneous income regarding (i) a comparison with 1998 figures and (ii) the
excess of actual 1999 miscellaneous income over estimates by CHF 693,238 (Statements 2 and 3), is
provided below:
1998 1999 1999 1999
Actual Estimated Actual  Balance
CHF CHF    CHF   CHF
Sale of Publications/Souvenirs 516,839 278,000 460,309 182,309Profit or (loss) on exchange 59,329 - 200,531 200,531
Savings on previous year's
  outstanding obligations 487,849 85,000 196,307 111,307Overhead on Trust Funds 523,257
Rental of meeting rooms and office
  space at Centre William Rappard 138,620 135,000 116,930 (18,070)
Contributions of Observer countries 606,379 548,000 651,385 103,385
Interest on Current Account 14,723 22,000 13,313 (8,687)
Various (97,847)  27,450
42,326 14,876
Total 2,249,149 1,095,450 1,681,101 585,651
                                                     
4 Excluding activity under extra-ordinary funds.WT/BFA/W/42
Page 12
41. Various other income for 1999 comprises the following:
CHF
Refund of prior year's expenditure5 59,629
Miscellaneous (microfiche, paper recycling, photocopies, etc.) 129,446
Settlement discount from suppliers 2,190
Less:  Funding contri butions in arrears (148,939)
Total 42,326
42. The amount of CHF 148,939 was used to clear arrears 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
43. The Surplus Account (Statement 3) shows a surplus amounting to CHF 1,627,110 as at
31 December 1999, due to:
(a) the opening balance of CHF 6,485,316 on 1 January 1999;
(b) a total excess of income over expenditure amounting to CHF 2,765,862, composed of:
(i) contributions totalling CHF 63,303 assessed on Estonia and Latvia as new WTO
Members subsequent to the approval of the 1999 Scale of Contributions;
(ii)  a budgetary surplus of CHF 1,968,375 under the WTO and CHF 40,946 under
the Appellate Body and its Secretariat; and
(iii) an excess of CHF 585,650 for actual miscellaneous income over estimates.
This was reduced by:
(c) the utilization of the 1998 Surplus of CHF 6,485,316 as follows:
 CHF 4,285,272 in order to finance the statutory indemnities due to ICITO staff who did
not take up WTO contracts; and
 CHF 2,200,044 in order to replenish the Appellate Body Operating Fund; and
(d) the increase of CHF 1,014,118 in the provision for contributions in arrears6.
(e) irrecoverable invoices which amounted to CHF 17,046.
44. In accordance with WTO Financial Regulation 26.3, the Director-General will submit his
proposal on the use of the credit balance of the 1999 Surplus Account to the Committee on Budget,
Finance and Administration in due course.
                                                     
5 It was noted that under Regulation 18 of the WTO Financial Regulations, which deals with exceptions
to recording entries under miscellaneous income, point (d ) should read “direct refunds of expenditure received
during the current financial period, …”.  Refund of prior year’s expenditure will, as was always the case, continueto be recorded under miscellaneous income.  Contributions of Observers shall also be included undermiscellaneous income, as has been the practice from the beginning of assessments on observers.
6 Contributions receivable from WTO Members amounted to CHF 23,825,404 at 31 December 1999 as
compared with CHF 22,811,286 at the end of 1998, i.e. an increase of CHF 1,014,118 in contributionsoutstanding. WT/BFA/W/42
Page 13
VI. ASSETS AND LIABILITIES
Assets
45. At 31 December 1999, cash in hand represented CHF 5,000; cash at bank and in the postal
checking account amounted to CHF 2,629,152.  Investments held on 31 December 1999, excluding
those related to a trust fund, were CHF 6,582,478 (Schedule C).
46. Contributions receivable from Members amounted to CHF 23,825,404 at 31 December 1999 as
shown in Schedule B.  This corresponding amount for 31 December 1998 was CHF 22,811,286.
47. Miscellaneous accounts receivable at 31 December 1999 totalled CHF 4,220,1347.  This amount
includes staff advances of CHF 1,359,412 for salary, travel and education grants.  An amount of
CHF 497,013 is receivable various invoices to outside bodies (e.g. rental of meeting rooms,  WTO
Observers, and for publications.  In respect of Unit ed States taxes, an amount of CHF 1,078,455 is due
from their authorities.  Prepaid 2000 expenditure is CHF 72,012. CHF 77,012 was recorded asrecoverable Swiss taxes, an amount which includes VAT refunds and taxes on interest.  An amount of
CHF 75,864 remained due as at 31 December 1999 in respect of travel of WTO staff financed by
outside sources, e.g. for participation in meetings.  A total of CHF 708,473 recorded as receivable
represents the value of stock of WTO publications, co-publications and souvenirs.  Various other items
amounted to CHF 351,893.
48. With regard to other receivables, CHF 398,584 remains due from the United States for costs
related to the 1999 Ministerial Conference.  CHF 41,272 is also due from the same Government for the
NGO Symposium held in conjunction with the Ministerial Conference.
Liabilities
49. Miscellaneous accounts payable at 31 December 1999 amounted to CHF 4,172,075 and
included the following: (i) amounts payable to suppliers: CHF 2,944,507; (ii) amounts payable to WTO
staff (e.g. travel claims) and to consultants for unliquidated payments on contracts:  CHF 641,513;
retroactive payments to regular and temporary staff and pending separation payments: CHF 531,161;
insurance premiums: CHF 26,439; and other payables CHF 28,355.
50. CHF 230,390 (Schedule A) in respect of interest earner in 1999 will be applied against assessed
contributions for the year 2001 in accordance with the provisions of the Early Payment Encouragement
Scheme (see paragraph 57).  The 1998 interest of CHF 363,678 has been apportioned and deducted
from the 2000 assessments on relevant Members.
51. Advance contributions pertaining to 2000 and 2001 amounted to CHF 2,174,799 and
CHF 218,367 respectively.  Advance payments from WTO Observers amounted to CHF 1,233.
52. Total outstanding obligations of the WTO amounted to CHF 1,723,738 comprised of the
following: Section 1 (Work/Years): CHF 66,400;  Section 2 (Temporary Assistance): CHF 365,732;
Section 4 (Building Facilities): CHF 34,585; Secti on 5 (Permanent Equipment): CHF 633,716; Section
6 (Expendable Equipment): CHF 4,391; Section 7 (Contractual Services): CHF 121,283; Section 8
(Staff Overhead Costs): CHF 45,200; Section 9 (Missions): CHF 24,081; Section 10 (Trade
                                                     
7 The introduction of the new computer system has enab led a more precise recording of liabilities.  As a
result, it should be noted that, with respect to previous years, the amount for miscellaneous accounts payable has
increased while the amount for outstanding obligations (paragraph 52) has been reduced.  The total of the two
accounts, which both concern liabilities, increased from  CHF 3,146,279 in 1998 to CHF 5,920,064 in 1999, but
has remained consistent over the past five years when expressed as a percentage of total expenditure.WT/BFA/W/42
Page 14
Policy Courses): CHF 15,118; Section 12 (Various):  CHF 413,232.  With the respect to the Appellate
Body Secretariat, outstanding obligations amounted to CHF 24,251 comprised of the following: Section
5 (Permanent equipment): CHF 22,865; Section 7 (Contractual Services): CHF 628 and Section 9
(Missions): CHF 758.
53. CHF 23,825,404 covered all contributions in arrears as at 31 December 1999.  (Statement 4 and
Schedule B).
54. The balance of the Appellate Body Op erating Fund amounted to CHF 1,874,662 on
31 December 1999.  The balance sheet of all other extra-budgetary funds stood at CHF 1,358,729 on the
same date. (see document WT/BFA/W/44).
55. As mentioned in paragraph 43 the 1999 Surplus amounted to CHF 1,734,698.
VII. WORKING CAPITAL FUND
56. The principal of the Fund amounted to CHF 7,691,473 as at 31 December 1999.  This amount
included CHF 2,879,295 in advances made by Members as at 31 December 1999.  Interest amounting toCHF 82,687 was credited to the Working Capital Fund.  An amount of CHF 287,325 has been recorded
as receivable from Members as at 31 December 1999 (Statement 5).
VIII.  EARLY PAYMENT ENCOURAGEMENT SCHEME
57. 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 the
apportionment of CHF 363,678 earned as interest in 1999 (Schedule 4).  The apportioned amounts will
be deducted from the relevant Members' contributions for 2001.
IX. EXTRA-BUDGETARY FUNDS
58. The Report of the External Auditor on the 1998 accounts indicated that “It was noted in the
report of the External Auditor on the 1997 accounts  (WT/BFA/W/26) that the number of trust funds was
increasing.  This tendency continued in 1998.  As a consequence of the growing number of trust funds
and other extra budgetary funds the reporting over these funds became rather extensive and unclear.
The reporting on these funds is done in 35 statements in the Director-General’s Financial Report on the1998 Accounts… It is recommended to study the poss ibilities for a clearer reporting in future.”
(WT/BFA/W/34, Report of the External Auditor, paragraph 10).
59. The presentation of the present report is therefore in response to the above comment.  The
overall situation concerning trust funds and the activities implemented under them is presented in a
form which should make this information will be more useful and more transparent to readers.  Fullfinancial statements as well as narrative reports with regard to all extra-budgetary funds can be found in
document WT/BFA/W44.WT/BFA/W/42
Page 15
Trust Funds
60. As at 1 January 1999, the overall balance available under trust funds amounted to
CHF 3,324,583 in 27 funds.  In the course of the year, CHF 5,959,458 of new contributions were
received and 15 new trust funds were established.  The total expenditure in 1999 was CHF 8,451,423,
leaving CHF 825,737 available in 29 trust funds on 31 December 1999.
61. The table on the following pages provides an over view of activities financed under trust funds
in 1999 according to the type and scope of activity and the site where the activity took place:WT/BFA/W/42
Page 16
National SeminarsRegional 
SeminarsTechnical MissionsNational 
WorkshopsRegional 
WorkshopsSymposia 
ColloquiaConferences Training Courses Total
WTO & 
Multilateral 
Trading 
SystemKenya, Oman, 
Estonia, Latvia, Abu Dhabi, Mexico, Jamaica, United Arab Emirates, Papua New Guinea, Mauritania, 
Ecuador, NigeriaChina, Grenada 
(2), Maldives, Georgia, Egypt, Turkey, Central & Eastern European C., Central Asian 
C., DjiboutiKenya, Uganda, Nigeria Nepal, Central 
African Republic, Ethiopia, IndiaUSA (2) Ethiopia, Côte 
d'Ivoire, Ghana, Uganda, Kenya, Burkina FasoGeneva Singapore, Central & 
Eastern European C. (2), Central Asian C. (2), French Speaking LDCs, Paraguay, English Speaking 
LDCs
43
Market AccessBahrain El Salvador, 
Thailand, South AfricaUganda, Nicaragua (2), Tunisia, 
Bangladesh, Guatemala (2), Zambia, Madagascar, Honduras, Jamaica, Costa Rica, Côte d'Ivoire, Cuba, Bolivia, Uruguay, Ghana, 
Argentina, Venezuela (2), Gabon, 
Peru, Mauritania, Egypt, Mali (2), Togo, CongoUganda, 
GhanaBenin India Indonesia
37
Agriculture 
SPSMoldova, Ph ilippines New Zealand, 
Costa Rica, Namibia, PeruMongolia, Croatia Burkina Faso Thailand (2), Côte 
d'Ivoire, Uganda, Tanzania, Egypt, 
KenyaUSA, 
AustraliaSwaziland, 
GenevaSpain
21
TextilesMyanmar Brunei 
DarussalamGeneva, Kenya, 
Côte d'IvoireChina6
RulesTunisia Thailand, Hungary Mongolia, Jamaica Egypt6
NotificationsPapua New Guinea, 
Myanmar , Niger, Ghana China Geneva4
DSUGrenada, Morocco, 
Lebanon, DominicaEastern Carribean, Namibia, 
NetherlandsAustralia, 
HungaryGeneva (4)
13
ServicesSaudi Arabia Cyprus, 
Mongolia, 
TunisiaCôte d'Ivoire
5A     C     T     I     V     I     T     Y
S
  
U
 
 
B
  
J
 
 
E
  
C
 
 
TWT/BFA/W/42
Page 17TRIPsCentral African 
RepublicVanuatu, Fiji India Geneva Switzerland6
TPRsSaudi Arabia, Burkina Faso, 
Guinea, Mali, Togo, Tanzania, 
Bangladesh, Papua New Guinea8
Accession Cape Verde, Cambodia 2
Preparation of 
NegotiationsChina, Nepal, 
EcuadorUSA, Peru, Fiji Côte d'Ivoire South Africa (2), 
Dominican RepublicLDCs Thailand, Mongolia, 
Geneva (3)
16
Integrated 
Framework 
Trade & 
Develo pmentEl Salvador France Vanuatu, Papua New Guinea, 
Tanzania (3), Zambia, Haiti, 
Tunisia, Côte d'Ivoire, Pakistan, ZimbabweUSA, Geneva Bahamas
16
Trade & 
EnvironmentZimbabwe, 
DjiboutiPhilippines Geneva Germany, 
OECD, Lebano
n7
E-Commerce 
& ITAVenezuela Geneva Geneva
3
Trade & 
Com petitionThailand Trinidad Geneva3
Reference 
CentresSudan, Fiji, Lesotho, Samoa, 
Mauritius, Seychelles, Antigua & Barbuda, Trinidad & Tobago, Dominica, Kuwait, Equatorial 
Guinea, Barbados, St Lucia, Cuba, 
St Kitts & Nevis, Dominican Republic, Jamaica, Grenada, St Vincent & Grenadines, Sri Lanka, Tonga, Macau, China, Papua New Guinea, Guyana, Surinam, Egypt
26
Total 22 31 90 12 21 14 13 17S
  
U
 
 
B
  
J
 
 
E
  
C
 
 
TWT/BFA/W/42
Page 18
Other Extra-Budgetary Funds
Appellate Body Operating Fund
62. With respect to the variable costs referred to in paragraph 28 which are dependent upon the
number, complexity and length of appeals, the General Council endorsed the recommendation of the
Committee on Budget, Finance and Administration that these would be charged to the Appellate Body
Operating Fund (ABOF).  On 1 January 1999, the fu nd stood at CHF 1,228,730; additional funding of
CHF 2,200,044 from the 1998 Surplus was provided in the course of 1999.  Expenditure in 1999, less
interest earned on the unutilised balance, amounted to CHF 1,554,112.  This left a balance as at
31 December  1999 of CHF 1,874,662.  (Statement 4)
Fund for Actuarial Studies
63. This fund, like the two following funds, were financed from the 1996 Surplus.  At the
beginning of 1999, the fund stood at CHF 194,525.  This amount was totally expended in the course
of the year, leaving a nil balance on 31 December 1999.
Special Fund for the WTO Programme of Technical Assistance
64. The Special Fund for the WTO Programme of Technical Assistance stood at CHF 212,089 on
1 January 1999.   In the course of the year, CHF 200,936 were expended, leaving a balance available
of CHF 11,153 on 31 December 1999.
Fund for Legal Experts to Assist Developing Countries in the Dispute Settlement Process
65. From the amount of CHF 250,000 available on 1 January 1999, CHR 71,338 were expended
in 1999.  CHF 178,662 remained available on 31 December 1999.
Programme Support Fund (PSF)
66. It will be recalled that the General Council approved (WT/GC/M/32) a recommendation of
the Committee on Budget, Finance and Administration that “as from 1 January 1999, overhead costson trust funds be channeled into a Programme Support Fund which would augment resources in
support areas where a demonstrable relationship exists between the supporting activity concerned and
the trust fund activities which generated the income.” (WT/BFA/38) In the course of 1999, the PSF
was credited with CHF 872,791 generated from trust fund overhead costs.  CHF 422,027 was
expended during the year, leaving a balance of CHF 450,764 on 31 December 1999.
X. DIVISIONAL REPORTING ON OBJECTIVES AND EXPENDITURE
67. 1999 was the fourth year of implementation of a budget in a functional/divisional form.  The
elements over which Directors mainly had control concerned staff resources, permanent equipment,
expendable equipment, contractual services, missions and hospitality.  Divisions had flexibility with
regard to transfers within personnel-related costs (staff resources) and within other costs.  Withinthese categories, Directors manage the resources allocated to their divisions and can deploy these
resources as needs evolve throughout the year, provided that the overall totals for these categories are
not overspent.  In this regard, it will be recalled that such flexibility does not extend to allocations for
hospitality or missions.
68. In addition to allocations which were held at the Divisional level, a number of allocations
such as temporary assistance for secretaries/clerks were held at the Departmental level, under the
control of the respective Deputy Directors-General and some were at the Condominium level, such ascommon staff costs, utilities, and contribution to the International Trade Centre (UNCTAD/WTO).WT/BFA/W/42
Page 19
69. The present report should be read in conjunction with document WT/BFA/W/43: Divisional
Reporting on Objectives and Expenditure  for (i) information regarding Directors’ assessments of the
attainment of divisional objectives stated in the 1999 Budget Estimates  (document WT/BFA/W/27)
and (ii) divisional expenditure against budget.
POINTS FOR DECISION :Paragraphs 24 and 37.WT/BFA/W/42
Page 20
XI. REPORT OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE WORLD
TRADE ORGANIZATION FOR THE YEAR ENDED 31 DECEMBER 1999
GENERAL
70. 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 WTOfrom that date.  The examination has been carried ou t in accordance with those regulations and rules,
and with the financial resolutions and decisions of the WTO.
71. The audit of the 1999 accounts has been carried out on the assumption that the transfers
between budgetary sections proposed in document WT/BFA/W/42, paragraphs 24 and 37, 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 1999
72. Appropriations authorized by the Members of the WTO for 1999 were CHF 120,204,500 for
the WTO Secretariat (Statement 1a), and CHF 1, 990,950 in respect of the Appellate Body and its
Secretariat (Statement 1b).  The overall budget of CHF 122,195,450 (WTO Secretariat and the
Appellate Body and its Secretariat) was to be financed by contributions of CHF 121,100,000 and
estimated miscellaneous income of CHF 1,095,450.
73. Expenditure under the WTO Secretariat in 1999 amounted to CHF 118,236,125, leaving an
unappropriated balance of CHF 1,968,375.  With respect to the Appellate Body and its Secretariat,1999 expenditure amounted to CHF 1,950,004, leaving an unappropriated balance of CHF 40,946.
The total excess of income over expenditure totalled CHF 2,658,275  (Statement 2).
Outstanding Contributions
74. Contributions outstanding at 31 December 1999 for WTO Members amounted to
CHF 23,825,404 (Schedule B).  This was CHF 1,014,118 more than at 31 December 1998.  The
provision for contributions in arrears was increased accordingly.  This provision takes no account of
the degree of collectableness of the contributions outstanding; it is maintained for the whole amount
of it.  36.1 per cent of the amount outstanding related to contributions for 1999.
Outstanding Obligations
75. Provisions outstanding amounting to CHF 1,747,989 were raised to record the 1999
obligations outstanding at 31 December 1999.  These provisions were included in the overall
expenditure of the organization and relate to (i) statutory payments to permanent and temporary
assistance staff for salaries and common staff costs, (ii) costs related to building facilities, permanent
equipment, expendable equipment, contractual services, staff overhead costs, missions, trade policy
training courses, and (iii) various other expenditure.
Liabilities
76. The General Fund contained an amount of CHF 1,466,317 that remained available under
extra-budgetary funds.  In addition, the closing position of the Appellate Body Operating Fund
amounted to CHF 1,874,662 on 31 December 1999.WT/BFA/W/42
Page 21
REGULARITY
Accounts Receivable
77. It was noted in the reports of the External Auditor on the 1997 and 1998 accounts that
receivables concerning assessments of observers were not included in the Accounts Receivable. This
practice is not in accordance with the accrual principle of accounting that is laid down in Financial
Regulation 35. The Secretariat  assured that the recording of outstanding assessments of observers
under Accounts Receivable would take effect with the 1999 accounts on the new Oracle system.
However it was noted that not the total amount of the outstanding assessments on observers (CHF
319,425), but only those concerning the assessments for 1999 (CHF 143,218) were included in the
Accounts Receivable as at 31 December 1999. It is recommended  to record in the future the total
amount of outstanding assessments on observers under this account.
Equipment
78. With regard to the equipment it was noted that in 1999 equipment-records were kept up to
date. Although the Secretariat intended to make inventory checks in the course of 1999, this was not
done. We were informed that the section concerned had to give priority to urgent matters such  as
removals within the organization. The Secretariat now  assured that inventory checks would take place
in the course of 2000. It is recommended to develop a policy for the inventory checks in the coming
years.
Tests of the accounting records
79. It was noted that in March 2000 oil for heating-purposes was delivered to the organization.
The expenses (CHF 34,225) have wrongly been included in the 1999 expenditures. Moreover as a
result of the checks of the 1999 obligations outstanding at 31 December 1999 the attention of the
Secretariat was questioned as to the basis  for some obligations.
REPORTING
Extra-budgetary funds
80. It was noted in the report of the External Auditor on the 1998 accounts that as a consequence
of the growing number of trust funds and other extra budgetary funds the reporting over these fundsbecame rather extensive and unclear. It was recommended to study the possibilities for a clearer
reporting in future. The present reporting (information on  the overall situation concerning the extra-
budgetary funds in the financial report and detailed  information in a separate document) is in our
opinion more transparent to the readers. In our opinion the reporting in the financial report could be
improved by giving additional information about the funds at the end of the year. It is thought that  the
receivables concerning the trust funds should be fully  explained in the financial report.
Divisional reporting
81. In 1996 a budget in a functional/divisional form was implemented. Quarterly the divisions are
informed about realized expenditure for their control purposes. As this system of divisional reporting
exists four years we asked the Secretariat to evaluate the adequacy of the existing procedures.WT/BFA/W/42
Page 23
purpose of monitoring personnel management. The Personnel Division informed the auditors about
their plans to implement a monitoring system in the future and sought the auditor’s co-operation.
CLOSING  PARAGRAPH
88. The representatives of the Netherlands Court of Audit wish to record their appreciation of the
willing cooperation given by the officers of the Secretariat during the audit.
(Signed)
_____________________________________
Member of the Board of the Netherlands Court of AuditWT/BFA/W/42
Page 24
OPINION OF THE EXTERNAL AUDITOR ON THE ACCOUNTS
OF THE WORLD TRADE ORGANIZATION FOR THE
FINANCIAL YEAR ENDED 31 DECEMBER 1999
I have examined the Financial Statements contained in document WT/BFA/W/42, comprising
Statements 1 to 5, Schedules A, B, and C and th e Annex, of the World Trade Organization for the
year ended 31 December 1999.  The 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
statements, which were prepared in conformity with the accounting policies described in the Annex of
Document WT/BFA/W/42 and applied on a basis consistent with that of the preceding financial
period, present fairly the financial position of the World Trade Organization as at 31 December 1999and the operations for 1999.  They properly reflect the financial transactions for the financial period,
which 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.
(Signed)
_____________________________________
Member of the Board of the Netherlands Court of AuditWT/BFA/W/42
Page 25STATEMENT 1a
WORLD TRADE ORGANIZATION
WTO Secretariat
Statement of Budgetary Expenditure 1999
(in Swiss francs)
Original
Appropriation
(WT/BFA/38)Proposed
TransfersFinal
AppropriationsExpenditure Balance
PART A. PROFESSIONAL
Section 1. Work/Years 76,627,950 (3,224,623) 73,403,327 71,956,609 1,446,718
2. Temporary Assistance 9,336,750 2,962,517 12,299,267 12,299,267 0
0
PART B. ADMINISTRATIVE COSTS 0
3. Communications 1,663,000 (90,047) 1,572,953 1,572,953 0
4. Building Facilities 2,359,500 43,778 2,403,278 2,403,278 0
5. Permanent Equipment 3,022,050 376,474 3,398,524 3,398,524 0
6. Expendable Equipment 1,207,900 (148,791) 1,059,109 1,059,109 0
7. Contractual Services 3,582,600 (422,504) 3,160,096 3,160,096 0
PART C. OTHER COSTS
8. Staff Overhead Costs 2,003,000 (208,218) 1,794,782 1,794,782 0
9. Missions 1,835,000 1,835,000 1,508,086 326,914
10. Trade Policy Training Courses 1,530,000 (296,982) 1,233,018 1,233,018 0
11. Contribution to ITC 14,207,700 14,207,700 14,207,700 0
12. Various 2,729,050 1,008,396 3,737,446 3,642,703 94,743
13. Unforeseen Expenditure 100,000 100,000 100,000
120,204,500 0 120,204,500 118,236,125 1,968,375
(Signed) (Signed)
Michael Kenneth Moore Jacques E. Chabert
Director General Director
Finance and General Services DivisionWT/BFA/W/42
Page 26STATEMENT 1b
WORLD TRADE ORGANIZATION
Appellate Body and its Secretariat
Statement of Budgetary Expenditure 1999
(in Swiss francs)
Original
Appropriation
(WT/BFA/38)Proposed
TransfersFinal
AppropriationsExpenditure Balance
PART A. PROFESSIONAL
Section 1. Work/Years 1,270,050 (20,603) 1,249,447 1,214,095 35,352
2. Temporary Assistance 4,500 10,193 14,693 14,693 0
PART B. ADMINISTRATIVE COSTS
3. Communications 6,500 5,912 12,412 12,412 0
4. Building Facilities 0 9,140 9,140 9,140 0
5. Permanent Equipment 70,200 (8,074) 62,126 62,126 0
6. Expendable Equipment 2,000 1,305 3,305 3,305 0
7. Contractual Services 4,500 2,145 6,645 6,645 0
PART C. OTHER COSTS
8. Staff Overhead Costs 0 1,128 1,128 1,128 0
91. Missions 14,000 0 14,000 8,406 5,594
10. Trade Policy Training Courses 0 0 0 0 0
11. Contribution to ITC 0 0 0 0 0
12. Various 619,200 (1,146) 618,054 618,054 0
13. Unforeseen Expenditure 0 0 0 0 0
1,990,950 0 1,990,950 1,950,004 40,946
(Signed) (Signed)
Michael Kenneth Moore Jacques E. Chabert
DirectorGeneral Director
Finance and General Services DivisionWT/BFA/W/42
Page 31
SCHEDULE A
1999 Early Payment Encouragement Scheme:
interest to be distributed
MembersCHF
Argentina 4
Australia 4,941
Austria 5,644
Bahrain 251
Barbados 22
Belgium 9,844
Belize 115
Benin 15
Bolivia 5
Brunei Darussalam 99
Bulgaria 95
Cameroon 75
Canada 15,158
Chile 1,081
Colombia 836
Costa Rica 93
Côte d'Ivoire 179
Cuba 191
Cyprus 210
Czech Republic 1,900
Denmark 3,830
Dominica 82
Ecuador 36
Egypt 940
El Salvador 97
Fiji 104
Finland 2,495
France 20,281
Gabon 8
Germany 22,030
Ghana 119
Greece 431
Guatemala 176
Guyana 68
Haiti 55WT/BFA/W/42
Page 32
SCHEDULE A
1999 Early Payment Encouragement Scheme:
interest to be distributed
MembersCHF
Honduras 118
Hong Kong 15,110
Hungary 1,109
Iceland 154
Ireland 3,006
Israel 1,842
Italy 14,130
Jamaica 83
Japan 14,804
Kenya 124
Korea 4,786
Kuwait 811
Latvia 60
Lesotho 42
Liechtenstein 119
Luxembourg 553
Macao 221
Madagascar 113
Malaysia 2,343
Maldives 107
Malta 143
Mauritius 146
Mexico 1,323
Morocco 434
Myanmar 90
Namibia 99
Netherlands 10,560
New Zealand 1,097
Nicaragua 14
Norway 3,497
Papua New Guinea 93WT/BFA/W/42
Page 33
SCHEDULE A
1999 Early Payment Encouragement Scheme:
interest to be distributed
MembersCHF
Paraguay 42
Peru 50
Poland 2,084
Portugal 1,820
Qatar 129
Romania 519
Saint Kitts and Nevis 69
Saint Lucia 69
St. Vincent & Grenadines. 32
Senegal 119
Singapore 6,177
Slovak Republic 767
Slovenia 654
Solomon Islands 81
South Africa 1,975
Spain 6,063
Sri Lanka 242
Swaziland 110
Sweden 4,905
Switzerland 5,675
Tanzania 1
Thailand 4,221
Trinidad & Tobago 23
Tunisia 492
Turkey 1,623
United Arab Emirates 1,481
United Kingdom 19,523WT/BFA/W/42
Page 34
SCHEDULE A
1999 Early Payment Encouragement Scheme:
interest to be distributed
MembersCHF
United States 2,665
Uruguay 7
Zimbabwe 131
TOTAL 230,390WT/BFA/W/42
Page 35SCHEDULE B / TABLEAU B / CUADRO B
STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 1999/ ETAT DES ARRIERES DE CONTRIBUTION
AU 31 DECEMBRE 1999/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 1999ADMINISTRATIVE MEASURES
MESURES ADMINISTRATIVES
MEDIDAS ADMINISTRATIVAS
(see/voir/véase p. 6)1999
Current Year Situation
SITUATION DE L’ANNEE COURANTE
SITUACIÓN DEL AÑO EN CURSO
Swiss Francs/Francs suisses/Francos suizos Swiss Francs/Francs suisses/Francos suizos CHF
1969- 1988- IV Assessment Interest Payments Outstanding Advance
1987 1995 1996 1997 1998 1999 TOTAL I II III INACTIVE/ Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros INACTIVA Contribución Intereses Pagos Pendiente Adelantado
Angola…………………………………………………….. 0 0 0 0 80,080 72,660 152,740 1 72,660 0 0 72,660 -
Antigua and Barbuda/Antigua-et-Barbuda/
  Antigua y Barbuda…………………………………….72,120 247,497 33,990 34,260 34,320 36,330 458,517 1 36,330 0 0 36,330 -
Argentina/Argentine…………………………………… 0 0 0 0 0 564,711 564,711 581,280 (1,810) (14,759) 564,711 -
Australia/Australie……………………………………… 0 0 0 0 0 0 0 1,634,850 (11,640) (1,623,210) 0 -
Austria/Autriche………………………………………… 0 0 0 0 0 0 0 1,901,270 (13,613) (1,887,657) 0 -
Bahrain/Bahreïn/Bahrein…………………………….. 0 0 0 0 0 0 0 96,880 (750) (96,130) 0 -
Bangladesh……………………………………………… 0 0 0 0 102,843 108,990 211,833 1 108,990 0 0 108,990 -
Barbados/Barbade…………………………………….. 0 0 0 0 0 0 0 36,330 (182) (36,148) 0 -
Belgium/Belgique/Bélgica…………………………… 0 0 0 0 0 0 0 3,536,120 (21,598) (3,514,522) 0 -
Belize/Belice……………………………………………. 0 0 0 0 0 0 0 36,330 (1) (36,329) 0 -
Benin/Bénin…………………………………………….. 0 0 0 0 0 0 0 36,330 (127) (36,203) 0 118
Bolivia/Bolivie………………………………………….. 0 0 0 0 0 0 0 36,330 0 (36,330) 0 4,111
Botswana………………………………………………… 0 0 0 0 0 48,228 48,228 48,440 (212) 0 48,228 -
Brazil/Brésil/Brasil……………………………………… 0 0 0 0 0 1,002,582 1,002,582 1,005,130 (2,548) 0 1,002,582 -
Brunei Darussalam/Brunéi Darussalam…………… 0 0 0 0 0 0 0 48,440 (66) (48,374) 0 -
Bulgaria/Bulgarie………………………………………. 0 0 0 0 0 0 0 133,210 (8) (133,202) 0 -
 Burkina Faso……………………………………………. 314,514 0 0 18,580 34,320 36,330 403,744 1 36,330 0 0 36,330 -
Burundi……………………………………………………. 594,395 247,497 33,990 34,260 34,320 36,330 980,792 1 36,330 0 0 36,330 -
Cameroon/Cameroun/Camerún……………………… 0 0 0 0 0 0 0 36,330 0 (36,330) 0 34,508
Canada/Canadá………………………………………….. 0 0 0 0 0 0 0 4,735,010 (33,861) (4,701,149) 0 -
Central African Republic/République centrafricaine/
    República Centroafricana………………………….477,900 247,497 33,990 34,260 34,320 36,330 864,297 1 36,330 0 0 36,330 -
Chad/Tchad………………………………………………. 760,481 228,472 6,798 34,260 34,320 36,330 1,100,661 1 36,330 0 0 36,330 -
Chile/Chili…………………………………………………. 0 0 0 0 0 0 0 411,740 (645) (411,095) 0 5,775
Colombia/Colombie…………………………………….. 0 0 0 0 0 0 0 302,750 (1,002) (301,748) 0 24,209
Congo……………………………………………………… 504,227 264,351 0 26,188 34,320 36,330 865,416 1 36,330 0 0 36,330 -
Costa Rica………………………………………………... 0 0 0 0 0 0 0 72,660 0 (72,660) 0 75,373
Côte d'Ivoire…………………………………………….. 0 0 0 0 0 0 0 84,770 (98) (84,672) 0 -
Cuba………………………………………………………. 0 0 0 0 0 0 0 60,550 (229) (60,321) 0 -
Cyprus/Chypre/Chipre………………………………… 0 0 0 0 0 0 0 72,660 (548) (72,112) 0 -
Czech Republic/République tchèque/República Checa 0 0 0 0 0 0 0 581,280 (3,218) (578,062) 0 638,742
Democratic Republic of the Congo/République démocra-
  tique du Congo/República Democrática del Congo430,900 287,635 0 56,944 45,760 48,440 869,679 1 48,440 0 0 48,440 -
Denmark/Danemark/Dinamarca 0 0 0 0 0 0 0 1,211,000 (9,674) (1,201,326) 0 -
Djibouti…………………………………………………. 0 59,190 33,990 34,260 34,320 36,330 198,090 1 36,330 0 0 36,330 -
Dominica/Dominique………………………………… 0 0 0 0 0 0 0 36,330 (132) (36,198) 0 -
Dominican Republic/République dominicaine/
    República Dominicana…………………………….673,388 0 0 45,280 114,400 121,100 954,168 1 121,100 0 0 121,100 -
Ecuador/Equateur…………………………………….. 0 0 0 0 0 77,537 77,537 108,990 (374) (31,079) 77,537 -
Egypt/Egypte/Egipto………………………………….. 0 0 0 0 0 0 0 314,860 (1,372) (313,488) 0 -
El Salvador……………………………………………… 0 0 0 0 0 0 0 48,440 (94) (48,346) 0 1,030
Estonia/Estonie/Estonia……………………………… 0 0 0 0 0 9,555 9,555 9,555 0 0 9,555WT/BFA/W/42
Page 36STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 1999/ ETAT DES ARRIERES DE CONTRIBUTION
AU 31 DECEMBRE 1999/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 1999ADMINISTRATIVE MEASURES
MESURES ADMINISTRATIVES
MEDIDAS ADMINISTRATIVAS
(see/voir/véase p. 6)1999
Current Year Situation
SITUATION DE L’ANNEE COURANTE
SITUACIÓN DEL AÑO EN CURSO
Swiss Francs/Francs suisses/Francos suizos Swiss Francs/Francs suisses/Francos suizos CHF
1969- 1988- IV Assessment Interest Payments Outstanding Advance
1987 1995 1996 1997 1998 1999 TOTAL I II III INACTIVE/ Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros INACTIVA Contribución Intereses Pagos Pendiente Adelantado
European Communities/Communautés européennes/
Comunidades Europeas  (a)…………..0 0 0 -
Fiji/Fidji………………………………………………….. 0 0 0 0 0 0 0 36,330 (246) (36,084) 0 -
Finland/Finlande/Finlandia…………………………….. 0 0 0 0 0 0 0 896,140 (5,267) (890,873) 0 -
France/Francia…………………………………………... 0 0 0 0 0 0 0 7,266,000 (48,581) (7,217,419) 0 -
Gabon/Gabón……………………………………………. 0 0 0 0 0 0 0 48,440 0 (48,440) 0 103,953
Gambia/Gambie………………………………………… 590,173 158,679 6,426 34,260 34,320 36,330 860,188 1 36,330 0 0 36,330 -
Germany/Allemagne/Alemania………………………… 0 0 0 0 0 0 0 12,315,870 (70,085) (12,245,785) 0 -
Ghana…………………………………………………….. 0 0 0 0 0 0 0 36,330 0 (36,330) 0 3,369
Greece/Grèce/Grecia……………………………………. 0 0 0 0 0 0 0 399,630 (1,259) (398,371) 0 -
Grenada/Grenad e/Granada…………………………….. 0 0 0 0 31,850 36,312 68,162 36,330 (18) 0 36,312 -
Guatemala……………………………………………….. 0 0 0 0 0 0 0 60,550 (266) (60,284) 0 -
Guinea/Guinée…………………………………………… 0 59,190 33,990 34,260 34,320 36,330 198,090 1 36,330 0 0 36,330 -
Guinea-Bissau /Guinée-Bissau…………………………… 0 59,190 33,990 34,260 34,320 36,330 198,090 1 36,330 0 0 36,330 -
Guyana……………………………………………………. 0 0 0 0 0 0 0 36,330 (179) (36,151) 0 11,638
Haiti/Haïti/Haití………………………………………….. 0 0 0 0 0 0 0 36,330 (99) (36,231) 0 -
Honduras…………………………………………………. 0 0 0 0 0 0 0 36,330 (71) (36,259) 0 16,999
Hong Kong, China/Hong Kong, Chine…………………. 0 0 0 0 0 0 0 4,626,020 (29,705) (4,596,315) 0 -
Hungary/Hongrie/Hungría……………………………… 0 0 0 0 0 0 0 351,190 (2,242) (348,948) 0 -
Iceland/Islande/Islandia………………………………… 0 0 0 0 0 0 0 48,440 (349) (48,091) 0 51,670
India/Inde………………………………………………… 0 0 0 0 0 882,738 882,738 884,030 (1,292) 0 882,738 -
Indonesia/Indonésie……………………………………… 0 0 0 0 0 1,218,926 1,218,926 1,223,110 (4,184) 0 1,218,926 -
Ireland/Irlande/Irlanda………………………………….. 0 0 0 0 0 0 0 920,360 (5,806) (914,554) 01,212,446
Israel/Israël………………………………………………. 0 0 0 0 0 0 0 641,830 (4,540) (637,290) 0 -
Italy/Italie/Italia…………………………………………. 0 0 0 0 0 0 0 5,982,340 (39,425) (5,942,915) 0 -
Jamaica/Jamaïque………………………………………. 0 0 0 0 0 0 0 60,550 (137) (60,413) 0 -
Japan/Japon /Japón……………………………………… 0 0 0 0 0 0 0 9,167,270 (35,406) (9,131,864) 0 -
Kenya…………………………………………………….. 0 0 0 0 0 0 0 60,550 (210) (60,340) 0 -
Korea, Republic of/Corée, République de/
  Corea, República de0 0 0 0 0 0 0 3,003,280 (13,355) (2,989,925) 0 -
Kuwait/Koweït 0 0 0 0 0 294 294 290,640 0 (290,346) 294 -
Kyrgyz Republic/République kirghize/ 0 0 0 0 1,034 36,330 37,364 36,330 0 0 36,330 -
República Kirguisa
Latvia/Lettonie/Letonia 0 0 0 0 0 0 0 53,748 0 (53,748) 0 -
Lesotho 0 0 0 0 0 0 0 36,330 (51) (36,279) 0 -
Liechtenstein 0 0 0 0 0 0 0 36,330 (264) (36,066) 0 -
Luxembourg/Luxemburgo 0 0 0 0 0 0 0 266,420 (1,522) (264,898) 0 -
Macau, China/Macao, Chine 0 0 0 0 0 0 0 72,660 (520) (72,140) 0 -
Madagascar 0 0 0 0 0 0 0 36,330 (20) (36,310) 0 22,501
Malawi 2,755 0 0 31,505 34,320 36,325 104,905 1 36,330 (5) 0 36,325 -
Malaysia/Malaisie/Malasia 0 0 0 0 0 0 0 1,428,980 (4,202) (1,424,778) 0 -
Maldives/Maldivas 0 0 0 0 0 0 0 36,330 (50) (36,280) 0 -
Mali/Malí 0 0 0 1,751 34,320 36,330 72,401 1 36,330 0 0 36,330 -
Malta/Malte 0 0 0 0 0 0 0 60,550 (355) (60,195) 0 -
Mauritania/Mauritanie 636,619 247,497 33,990 34,260 34,320 36,330 1,023,016 1 36,330 0 0 36,330 -
Mauritius/Maurice/Mauricio 0 0 0 0 0 0 0 48,440 (334) (48,106) 0 -WT/BFA/W/42
Page 37STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 1999/ ETAT DES ARRIERES DE CONTRIBUTION
AU 31 DECEMBRE 1999/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 1999ADMINISTRATIVE MEASURES
MESURES ADMINISTRATIVES
MEDIDAS ADMINISTRATIVAS
(see/voir/véase p. 6)1999
Current Year Situation
SITUATION DE L’ANNEE COURANTE
SITUACIÓN DEL AÑO EN CURSO
Swiss Francs/Francs suisses/Francos suizos Swiss Francs/Francs suisses/Francos suizos CHF
1969- 1988- IV Assessment Interest Payments Outstanding Advance
1987 1995 1996 1997 1998 1999 TOTAL I II III INACTIVE/ Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros INACTIVA Contribución Intereses Pagos Pendiente Adelantado
Mexico/Mexique/México 0 0 0 0 0 0 0 1,889,160 (6,405) (1,882,755) 0 -
Mongolia/Mongolie 0 0 0 0 0 36,330 36,330 36,330 0 0 36,330 -
Morocco/Maroc/Marruecos 0 0 0 0 0 0 0 193,760 (131) (193,629) 0 -
Mozambique 0 0 0 0 27,870 36,330 64,200 36,330 0 0 36,330 -
Myanmar, Union of/Myanmar, Union du/
  Myanmar, Unión de0 0 0 0 0 0 0 36,330 (217) (36,113) 0 -
Namibia/Namibie 0 0 0 0 0 0 0 36,330 (229) (36,101) 0 -
Netherlands, Kingdom of/Pays-Bas, Royaume des/
    Países Bajos, Reino de los0 0 0 0 0 0 0 4,371,710 (28,930) (4,342,780) 0 -
New Zealand/Nouvelle-Zélande/Nueva Zelandia 0 0 0 0 0 0 0 363,300 (2,817) (360,483) 0 -
Nicaragua 412,136 0 0 0 0 31,052 443,188 36,330 0 (5,278) 31,052 -
Niger/Níger 276,811 241,322 1,676 34,260 34,320 36,330 624,719 1 36,330 0 0 36,330 -
Nigeria/Nigéria 0 0 0 0 0 230,086 230,086 230,090 (4) 0 230,086 -
Norway/Norvège/Noruega 0 0 0 0 0 0 0 1,150,450 (4,956) (1,145,494) 0 -
Pakistan/Pakistán 0 0 0 0 0 217,733 217,733 217,980 (247) 0 217,733 -
Panama/Panamá 0 0 0 0 68,751 157,430 226,181 157,430 0 0 157,430 -
Papua New Guinea/Papou asie-Nouvelle-Guinée/
    Papua Nueva Guinea0 0 0 0 0 0 0 48,440 (131) (48,309) 0 -
Paraguay 0 0 0 0 0 0 0 60,550 (334) (60,216) 0 -
Peru/Pérou/Perú 0 0 0 0 0 136,623 136,623 157,430 0 (20,807) 136,623 -
Philippines/Filipinas 0 0 0 0 5,322 494,746 500,068 496,510 (1,764) 0 494,746 -
Poland/Pologne/Polonia 0 0 0 0 0 0 0 690,270 (3,576) (686,694) 0 -
Portugal 0 0 0 0 0 0 0 775,040 (3,769) (771,271) 0 -
Qatar 0 0 0 0 0 0 0 72,660 (275) (72,385) 0 -
Romania/Roumanie/Rumania 75,920 0 0 0 0 0 75,920 205,870 (870) (205,000) 0 -
Rwanda 0 140,534 20,766 34,260 34,320 36,330 266,210 1 36,330 0 0 36,330 -
Saint Kitts and Nevis/Saint-Kitts-et-Nevis/
  Saint Kitts y Nevis0 0 0 0 0 0 0 36,330 (206) (36,124) 0 -
Saint Lucia/Sainte-Lucie/Santa Lucía 0 0 0 0 0 0 0 36,330 (231) (36,099) 0 -
St. Vincent and the Grenadines/Saint-Vincent-et-les
    Grenadines/San Vicente y las Granadinas0 0 0 0 0 0 0 36,330 (28) (36,302) 0 -
Senegal/Sénégal 0 0 0 0 0 0 0 36,330 0 (36,330) 0 186,714
Sierra Leone/Sierra Leona 683,300 247,497 33,990 34,260 34,320 36,330 1,069,697 1 36,330 0 0 36,330 -
Singapore/Singapour/Singapur 0 0 0 0 0 0 0 2,845,850 (11,733) (2,834,117) 0 -
Slovak Republic/République slovaque/
  República Eslovaca0 0 0 0 0 0 0 242,200 (1,676) (240,524) 0 -
Slovenia/Slovénie/Eslovenia 0 0 0 0 0 0 0 217,980 0 (217,980) 0 -
Solomon Islands/Iles Salomon/Islas Salomón 0 0 0 0 0 0 0 36,330 0 (36,330) 0 -
South Africa/Afrique du Sud/Sudáfrica 0 0 0 0 0 0 0 653,940 (5,196) (648,744) 0 -
Spain/Espagne/España 0 0 0 0 0 0 0 2,966,950 (14,251) (2,952,699) 0 -
Sri Lanka 0 0 0 0 0 0 0 108,990 (594) (108,396) 0 -
Suriname 0 0 0 0 9,416 36,064 45,480 36,330 (266) 0 36,064 -
Swaziland/Swazilandia 0 0 0 0 0 0 0 36,330 (228) (36,102) 0 -
Sweden/Suède/Suecia 0 0 0 0 0 0 0 1,755,950 (10,223) (1,745,727) 0 -
Switzerland/Suisse/Suiza 0 0 0 0 0 0 0 2,034,480 (14,752) (2,019,728) 0 -
Tanzania/Tanzanie/Tanzanía 437,059 0 0 0 0 35,905 472,964 36,330 (230) (195) 35,905 -
Thailand/Thaïlande/Tailandia 0 0 0 0 0 0 0 1,586,410 (8,568) (1,577,842) 0 -
Togo 111,427 133,638 33,990 34,260 34,320 36,330 383,965 1 36,330 0 0 36,330 -WT/BFA/W/42
Page 38STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 1999/ ETAT DES ARRIERES DE CONTRIBUTION
AU 31 DECEMBRE 1999/ ESTADO DE CONTRIBUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 1999ADMINISTRATIVE MEASURES
MESURES ADMINISTRATIVES
MEDIDAS ADMINISTRATIVAS
(see/voir/véase p. 6)1999
Current Year Situation
SITUATION DE L’ANNEE COURANTE
SITUACIÓN DEL AÑO EN CURSO
Swiss Francs/Francs suisses/Francos suizos Swiss Francs/Francs suisses/Francos suizos CHF
1969- 1988- IV Assessment Interest Payments Outstanding Advance
1987 1995 1996 1997 1998 1999 TOTAL I II III INACTIVE/ Contribution Intérêts Paiements Arriérés Avance
Members / Membres / Miembros INACTIVA Contribución Intereses Pagos Pendiente Adelantado
Trinidad and Tob ago/Trinité-et-Tobago/
  Trinidad y Tabago0 0 0 0 0 14,178 14,178 36,330 (279) (21,873) 14,178 -
Tunisia/Tunisie/Túnez 0 0 0 0 0 0 0 169,540 (762) (168,778) 0 10
Turkey/Turquie/Turquía 0 0 0 0 0 0 0 956,690 (3,651) (953,039) 0 -
Uganda/Ouganda 506,778 0 14,557 34,260 34,320 36,330 626,245 1 36,330 0 0 36,330 -
United Arab Emirates/Emirats arabes unis/
    Emiratos Árabes Unidos0 0 0 0 0 0 0 629,720 (1,954) (627,766) 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 7,193,340 (39,091) (7,154,249) 0 -
United States of America/Etats-Unis d'Amérique/
  Estados Unidos de América1,364,256 0 0 0 0 1,840,976 3,205,232 18,831,050 0 (16,990,074) 1,840,976 -
Uruguay 0 0 0 0 0 0 0 72,660 0 (72,660) 0 -
Venezuela 0 0 0 533 366,080 423,727 790,340 1 423,850 (123) 0 423,727 -
Zambia/Zambie 0 0 33,990 34,242 34,320 36,330 138,882 1 36,330 0 0 36,330 -
Zimbabwe 0 0 0 0 0 0 0 48,440 (284) (48,156) 0 -
Sub-Total/Total partiel/Total parcial 8,925,159 2,869,686 390,123 694,663 1,505,486 8,609,848 22,994,965 2 5 2 15 121,163,303 (542,828) (112,010,627) 8,609,848 2,393,166
Former Contracting Parties to GATT 1947 which are not WTO Members/Anciennes parties contractantes au GATT de 1947 qui ne sont p as Membres de l'OMC/Antiguas Partes Contratantes del GATT de 1947 que no son Miembros de la OMC
Yugoslavia/Yougoslavie.............................................................
....0 830,439 830,439 -
Sub-Total/Total partiel/Total parcial 0 830,439 0 0 0 0 830,439 0 0 0 0 0 0 0 0 0
GRAND TOTAL / TOTAL GENERAL 8,925,159 3,700,125 390,123 694,663 1,505,486 8,609,848 23,825,404 2 5 2 15 121,163,303 (542,828) (112,010,627) 8,609,848 2,393,166
(a) No assessment is made on the European Communities as such 1999: Summary /Résumé /Resumen
.    Il n'y a pas de contribution mise à la charge des Communautés européennes en tant que telles CHF
     No hay contribución señalada a las Comunidades Europeas como tales. Contributions mises à la charge des Membres 121,100,000
Contribuciones señaladas a los Miembros
(1) New Members
(1) Nouveaux Membres 63,303
(1) Nuevos Miembros 121,163,303
Less interest returned
Moins intérêts ristournés (542,828)
Menos intereses devengados
Less payments for 1999
Moins paiements pour l'année 1999 (112,010,627)
Menos montos pagados para
1999(112,553,455) 92.89%
1999 Contributions outstanding
Arriérés pour 1999
Contribuciones pendientes para 1999 8,609,848 7.11%
100.00%
(1) CHF
Latvia/Lettonie/Letonia 53,748
Estonia/Estonie/Estonia 9,555
63,303WT/BFA/W/42
Page 39
SCHEDULE C
Investments held on 31 December 1999
(in Swiss francs)
Deposit account with: Amount Interest Rate
%Maturity Date
UBS SA, Geneva 500,000 2.07 07 January 2000
UBS SA, Geneva 1,500,000 1.99 14 January 2000UBS SA, Geneva 9,500,000 1.95 21 January 2000UBS SA, Geneva 800,000 1.95 28 January 2000UBS SA, Geneva 1,500,000 1.90 15 February 2000
Banque Edouard Constant Geneva 34,769 0.00
Credit Suisse                       Geneva 151,857
1.00
TOTAL 13,986,6261/
10. 1/ of which 7,404,148 for the Working Cap ital Fund and 6,582,478 for the General Fund.
(Signed)             (Signed)
Michael Kenneth Moore Jacques E. Chabert
Director-General Director
Finance and General Services DivisionWT/BFA/W/42
Page 40
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)
_______________________                                         ______________________
Michael Kenneth Moore Jacques E. Chabert
Director -General Director
Finance and General Services Division