RESTRICTED  
  
WT/BFA/W/334  
8 September 2014  
(14-5048)  Page: 1/79  
Committee on Budget, Finance and Administration   
 
   
  
 
  
 
   
 
 
WORLD TRADE ORGANIZATION 
2013 FINANCIAL PERFORMANCE REPORT 
 
 
 WT/BFA/W/334 
- 2 - 
  EXECUTIVE SUMMARY OF 2013 
1. Ambassador Roberto Azevêdo of Brazil took the helm of the WTO as the sixth Director-
General on 1 September 2013. Director-General Azevêdo was appointed to a four-year term by the General Council on 14 May 2013. Four new Deputy Directors-General (DDGs) 
were appointed starting from 1 October 2013. The DDGs are: Yonov Frederick Agah of 
Nigeria, Karl Brauner of Germany, David Shark of the United States and Yi Xiaozhun of China. The former Director General Pascal La my and the former DDGs ended their duties 
on 31 August 2013 and 30 September respectively. 
2. The WTO has 159 members (as of the end 2013) accounting for approximately 97 per cent 
of global trade. Two new Members formally acceded to the Organization in 2013: Laos and Tajikistan.  
3. At the Ninth Ministerial Conference, held in Bali, Indonesia, from 3 to 7 December 2013, 
ministers adopted the “Bali Package”, a series of decisions aimed at streamlining trade, allowing developing countries more options for providing food security, boosting least-
developed countries’ trade and helping development more generally. They also accepted 
the Republic of Yemen as a new member of the WTO (its 160
th Member). 
4. The 2013 structure of the financial statements was slightly changed in order to better 
disclose information concerning the consolidation of the pension plan liabilities and assets.  
2013 was the second year  the WTO has reported based on International Public Sector Accounting Standards (IPSAS). These Standards aim to improve the quality of general purpose financial reporting by public sector entities, leading to better informed 
assessments of the resource allocation decisi ons made by governments, thereby increasing 
transparency and accountability. The adoption of IPSAS generated the disclosure of pension benefit and after service health insurance
1 liabilities that have considerably 
deteriorated the financial situation of WTO Secretariat. However, the long term liabilities decreased in 2013 as compared to 2012 due to the actuarial consequences of rising long term interest rates.  
5. Budgetary expenditure amounted to CHF 187.1 million in 2013 compared to an approved 
budget of CHF 197.2 million. Budgetary savings amounted to a total of CHF 10.1 million. This budgetary savings was distributed across four  parts of the budget as follows.  Savings 
of CHF 4.6 million have been achieved in part A of the budget on personnel related costs 
through tighter controls on personnel requirements and lower than expected expenditure 
on staff benefits. Savings of CHF 2.2 million have been achieved in part B mainly on contractual service and communications costs in addition to savings generated in the area 
of building facilities and permanent equipm ent. Savings of CHF 2.5 million have been 
achieved in part C covering all other expendit ure and Savings of CHF 0.8 million have been 
achieved in part D covering  the contribution to ITC. 
6. The 2013 budget was financed by Members' contributions amounting to CHF 197 million 
(including the contributions of new Members) and miscellaneous income amounting to CHF 1.5 million. The miscellaneous income is lower than the CHF 1.7 million initially 
budgeted This is mainly due to lower savings on previous year's outstanding obligations 
and lower contributions from the Observer Countries. Collection of Members' contributions 
has been satisfactory in 2013 with 93% of th e assessed contributions received by the end 
of the year.  The provision for contribution in arrears has also decreased by 30% to 
CHF 9.4 million. 
7. The budgetary savings of CHF 10.1 million combined with a reduction in the provision for 
outstanding contributions of CHF 4,2 million and offset slightly by a lower than expected 
level of miscellaneous income of CHF 0.2 million  lead to a net surplus of 14.1 million for 
2013.. By contrast, the financial results obtained according to IPSAS amounts to a deficit of CHF 5.1 million. The discrepancy between Budget Surplus and Financial Deficit is mainly due to the impact of the actuarial cost of Pension and After Service Health Insurance 
benefits for CHF 24.6 million and CHF 11.9 million respectively, partially compensated by 
extraordinary grants received from Swiss Authorities related to the underground parking 
                                               
1 "After service health insurance" refers to  the health coverage system of retirees. WT/BFA/W/334 
- 3 - 
  and common facilities for CHF 12.9 million and other accounting adjustments related to the 
IPSAS implementation such as depreciation among others. 
8. The Doha Development Agenda Global Trust Fund (DDAGTF) along with several other trust 
funds finance technical assistance programmes and training activities for developing and 
least developed countries. For example in 2013, under the framework of these trust funds, 
e-learning courses in three languages were provided to 5'645 participants, costs related to 39 interns from developing and least developed countries were covered, and well over 100 
general and specialize technical assistance, training and capacity building activities were 
organized. The balance of the DDAGTF increased by 5.6 million during the course of 2013 amounting to CHF 18.1 million as at 31 De cember 2013. In 2013 the contributions made 
to the fund were CHF 13.6 million and the ex penditures amounted to CHF 8.0 million. The 
level of expenditure in 2013 was somewhat lower than in 2012 whilst the level of new 
contributions received was CHF 1.5 million higher than in the previous year. 
9. Following the conclusion of the 9th ministerial conference in Bali in December 2013, the 
funds allocated for the Participation of Least Developed Countries (TMI09) were fully 
depleted covering the related expenses. A call for contributions will be necessary in anticipation of the 10th Ministerial Conference meeting planned for 2015. WT/BFA/W/334 
- 4 - 
  TABLE OF CONTENTS 
WORLD TRADE ORGA NIZATION ....................................................................................... 1  
2013 FINANCIAL PERFOR MANCE REPORT ........................................................................ 1  
EXECUTIVE SUMMARY  OF 2013 ........................................................................................ 2  
1   INTROD UCTION  .......................................................................................................... 9  
1.1   Budget ..................................................................................................................... 9  
1.2   Outstandin g contributions .......................................................................................... 10 
1.3   Budget Breakdown ................................................................................................... 11 
1.4   Building capacity ...................................................................................................... 11 
1.5   Budget and fi nancial re sults ....................................................................................... 13 
2   BUDGET PE RFORMANCE ............................................................................................ 14  
2.1   2013 Income  ........................................................................................................... 14 
2.2   2013 Consolidated WT O Budget Pe rformance................................................................ 15 
2.3   2013 WTO Secretaria t budget pe rforma nce .................................................................. 16 
2.3.1   Part A Personnel related costs .................................................................................. 17 
2.3.2   Part B Administrative costs ...................................................................................... 19 
2.3.3   Part C Other costs .................................................................................................. 20 
2.3.4   Pa rt D ITC ............................................................................................................  22 
2.3.5   Proposed transfers between budgetary  sections ......................................................... 22 
2.4   2013 Appellate Body and its Secretariat budget  perfor mance .......................................... 23 
3   TRUST FUNDS PERFORMANCE ................................................................................... 26  
3.1   Doha Development Agenda Global Trust Fund ............................................................... 26 
3.1.1   General WTO-related tec hnical assistance and training ................................................ 28 
3.1.2   Specialized and advanced technical assistance training ................................................ 28 
3.1.3   Academic support for tr aining and capaci ty building .................................................... 29 
3.1.4   Trainee progra mmes and in ternsh ips ........................................................................ 29 
3.1.5   E-learning ............................................................................................................. 29 
3.2   Internship Programme for Selected  Members' Missions in  Geneva (TIMM1) ....................... 30 
3.3   Netherlands Trainee Programme (TNL05) ..................................................................... 31 
3.4   Trade Facilitation Trust funds – Window I – Participation of Capital-based Officials in 
the Negotiating Group Meetings (TTFNG) ............................................................................. 32 
3.5   Trade Facilitation National N eeds Assessments Trus t fund (TTFNA) .................................. 33 
3.6   Ministerial Conference – Participat ion of Least-Developed Countries (TMI09) ..................... 34 
3.7   Standards and Trade De velopment Facili ty (TWB 01) ...................................................... 34 
3.8   China LDCs and Acce ssions Programme  (TCLAP) ........................................................... 35 
3.9   Enhanced Integrated Framew ork Executive Secr etariat (TIFES) ....................................... 35 
3.10   Independent Entity – Pre-Shipme nt Inspection – De posits (T0013) ................................ 36 
3.11   Programme Suppo rt Fund (EPSF1 ) ............................................................................ 36 WT/BFA/W/334 
- 5 - 
  4   FINANCIAL STATEMENTS .......................................................................................... 38  
4.1   Management lette r of repres entation ........................................................................... 38 
4.2   Opinion of th e external auditor ................................................................................... 39 
- THE FRENCH RE PUBLIC - ............................................................................................. 39  
COUR DES COMPTES ....................................................................................................... 39  
FIRST PRES IDENT .......................................................................................................... 39  
4.3   Financial statements ................................................................................................. 40 
4.4   Notes to the fi nancial statements ................................................................................ 44 
4.4.1   Note 1 Accounting policies....................................................................................... 44 
4.4.2   Note 2 Fina ncial risks policy .................................................................................... 48 
4.4.3   Note 3 Restatement of Financial St atement 2012 ....................................................... 48 
4.4.4   Note 4 Cash and cash eq uivalents ............................................................................ 49 
4.4.5   Note 5 Receivables from Members, Observer s and Do nors ........................................... 49 
4.4.6   Note 6 Inventories ................................................................................................. 50 
4.4.7   Note 7 Other receivables ......................................................................................... 50 
4.4.8   Note 8 Advances and Prepayments ........................................................................... 51 
4.4.9   Note 9 Property , Plant and Equipment ...................................................................... 51 
4.4.10   Note 10 In tangible Assets ..................................................................................... 53 
4.4.11   Note 11  Accounts pa yable ................................................................................... 53 
4.4.12   Note 12  Assessed contributions paid in advance ..................................................... 53 
4.4.13   Note 13 Voluntary contributions refundable to donors ................................................ 54 
4.4.14   Note 14 Em ployee benefits .................................................................................... 55 
4.4.15   Note 15 Loan and Grant ........................................................................................ 58 
4.4.16   Note 16 Work ing Capital fund ................................................................................ 58 
4.4.17   Note  17 Funds ..................................................................................................... 59 
4.4.18   Note  18 Revenue ................................................................................................. 59 
4.4.19   Note 19 Expenses ................................................................................................ 60 
4.4.20   Note 20 Segment reporting ................................................................................... 61 
4.4.21   Note 21 Reconc iliation with Budget ......................................................................... 62 
4.4.22   Note 22 Key management personnel ....................................................................... 63 
4.4.23   Note 24 Commitments .......................................................................................... 64 
4.4.24   Note 25 Events after the reporting date ................................................................... 64 
4.5   Sc hedules................................................................................................................  65 
4.5.1   Schedule A 2013 Early payment encourag ement sch eme ............................................. 65 
4.5.2   Schedule B Statement of Outstanding Contributions as 31 December 2013 – 
Members ....................................................................................................................... . 67 
4.5.3   Schedule C Statement of Outstanding Contributions as 31 December 2013 – 
Observers ..................................................................................................................... .. 71 
4.5.4   Schedule D Voluntary contributions received in 2013 and 2012 per donor and by 
fund ...............................................................................................................................  72 WT/BFA/W/334 
- 6 - 
  4.5.5   Schedule E Balance due to donors as 31 December 2013 and 2012 ............................... 74 
4.5.6   Schedule F Interest  earned in 2013 and 20 12 ............................................................ 76 
4.5.7   Schedule G World Trade Orga nization – Progra m Support Fund .................................... 78 
Figures 
Figure 1 Budget Ev olution (MCHF) ...................................................................................... 10 
Figure 2 Outstanding Co ntributions (MCHF) ......................................................................... 11 
Figure 3 WTO 2013 Budget by part ..................................................................................... 11 
Figure 4 Key donors to Trust Funds since 2000 .................................................................... 12 
Figure 5 Trust Funds Co ntribution (MCHF) ........................................................................... 13 
Figure 6 2013 Perso nnel Costs (kCHF) ................................................................................ 17 
Figure 7 Comparison Budget/Expend iture for regular staff (k CHF) ........................................... 17 
Figure 8 Temporary Assi stance Expe nditure ......................................................................... 18 
Figure 9 Comparison Budget/Expendit ure for temporary staff (k CHF) ...................................... 19 
Figure 10 Comparison Budget/Expenditur e for administrative  costs (k CHF) .............................. 20 
Figure 11 Comparison Budget/Expend iture for Other costs (k CHF) .......................................... 21 
Figure 12 Comparison Budget/Expenditur e for Trade Policy Courses (k CHF) ............................. 21 
Figure 13 Comparison Budget/Expend iture for various costs (k CHF) ........................................ 22 
Figure 14 Allocation of DDAGTF Resources 2013 ................................................................... 26 
Tables 
Table 1. WTO In come (C HF) .............................................................................................. 14 
Table 2. Miscellaneous Income (CHF) .................................................................................. 14 
Table 3. 2013 Consolidated WTO Budget Pe rformance ........................................................... 15 
Table 4. Consolidated Expenditure (CHF) ............................................................................. 16 
Table 5. 2013 WTO Secretar iat Budget Pe rformance ............................................................. 16 
Table 6. Proposed Transfers between  Sections of th e 2013 WTO Budget .................................. 23 
Table 7. Appellate Body and its Secretariat Budge t Perfor mance ............................................. 24 
Table 8 ABOF expe nditure (k CHF) ...................................................................................... 25 
Table 9. Proposed Transfers between Sectio ns of the 2013 Appellate Body and its 
Secretaria t Budget ........................................................................................................... 25 
Table 10. Doha Development Agenda  Global Trust F und (DDAGTF) ......................................... 26 
Table 11 Number of participants who successf ully completed an E-Learning course ................... 30 
Table 12. Mission Internsh ips Programme  (TIMM1) ............................................................... 31 
Table 13. Netherlands Trai nee Programme (TNL05) .............................................................. 32 
Table 14. Trade Facilitation–Participation of Capital-based Officials in the Negotiating 
Group Meetings (TTFNG) ................................................................................................... 33 
Table 15.Trade Facilitation National Needs Assessments Trust fund (TTFNA) ............................. 34 
Table 16.Ministerial Conference – Participation of Least-Developed Countries (TMI09 
&TMI08) ....................................................................................................................... .. 34 
Table 17. Standards and Trade De velopment Facili ty (TWB01) ............................................... 35 
Table 18 China LDCs and Accessions Programme (TCLAP) ...................................................... 35 
Table 19. Enhanced Integrated Framew ork Executive Secr etariat (T IFES) ................................ 36 WT/BFA/W/334 
- 7 - 
  Table 20. Independent Entity – Pre-Shipment Inspection – Deposits (T0013) ............................ 36 
Table 21. Programme Support Fund (EPSF1) ........................................................................ 37 
Table 22 Statement of Financial Position ............................................................................. 40 
Table 23 Statement of Fi nancial Perf ormance ....................................................................... 41 
Table 24 Statement of Changes in Net Assets/Equity ............................................................. 42 
Table 25 Cash Flow Statem ent (Indirec t method) ................................................................. 43 
Table 26 Level of Provisions on  Outstanding Co ntributions ..................................................... 45 
Table 27 Class of Assets ................................................................................................... 46 
Table 28 Cash Situation .................................................................................................... 49 
Table 29 Provision for Arrears from Members an d Observers .................................................. 49 
Table 30 Inve ntories ........................................................................................................ 50 
Table 31 Adjustments and write offs ................................................................................... 50 
Table 32 Other Receivables ............................................................................................... 50 
Table 33 Prepayments ...................................................................................................... 51 
Table 34 Building .............................................................................................................  51 
Table 35 Work in progress - Equipment ............................................................................... 51 
Table 36 Equipment ......................................................................................................... 52 
Table 37 Intangible Assets ................................................................................................ 53 
Table 38 Payables ............................................................................................................ 53 
Table 39 Contributions paid in Ad vance by Members and Obse rvers ........................................ 54 
Table 40 Voluntary contribution s refundable to donors .......................................................... 54 
Table 41 Employee Benefits ............................................................................................... 55 
Table 42 Actuarial Assumptions .......................................................................................... 56 
Table 43 Financial a ssets – Pe nsion .................................................................................... 57 
Table 44 Defined benefit obligation - Pension ....................................................................... 57 
Table 45 History of defined benefit obligation s and experience gains and losses - Pension .......... 57 
Table 46 Defined benefit obligation - ASHI ........................................................................... 58 
Table 47 History of defined benefit obligation s and experience gain s and losses - ASHI .............. 58 
Table 48 Working Capita l Fund St atement ........................................................................... 59 
Table 49 Funds ................................................................................................................ 59 
Table 50 Other revenue .................................................................................................... 60 
Table 51 Segments Fina ncial Performance ........................................................................... 62 
Table 52 Reconciliation between budg et result and fi nancial result .......................................... 63 
Table 53 Key manage ment personnel ................................................................................. 64 
Table 54 Interest to be dist ributed to Memb ers in 2014 ......................................................... 65 
Table 55 Outstanding contribution s as 31 December  2013 – Me mbers ..................................... 67 
Table 56 Outstanding contributions as 31 December 2013 - Obse rvers .................................... 71 
Table 57 WTO Trust funds - Voluntary contributions received in 2013 per donor and by 
fund ...............................................................................................................................  72 
Table 58 WTO Trust funds - Voluntary contributions received in 2012 per donor and by 
fund ...............................................................................................................................  73 WT/BFA/W/334 
- 8 - 
  Table 59 WTO Trust funds - Balance due to donors as 31 December 2013 ................................ 74 
Table 60 WTO Trust funds - Balance due to donors as 31st December 2012 .............................. 75 
Table 61 WTO Trust funds - Interest earn ed in 2013 ............................................................. 76 
Table 62 WTO Trust funds - Interest earn ed in 2012 ............................................................. 77 
Table 63 WTO Progra m support fund .................................................................................. 78 
Table 64 WTO Program support fund actual expenditure and overheads ................................... 78 
Table 65 Overheads shared wi th other orga nizations ............................................................. 79 
 WT/BFA/W/334 
- 9 - 
  1  INTRODUCTION 
1.1.  In accordance with Financial Regulation  39 of the World Trade Organization (WTO), the 
Director-General submits the financial performance report of the WTO for the financial reporting period of 1 January 2013 through 31 December 2013. The report is presented in Swiss Francs 
(CHF). 
1.2.  This financial report is made of three parts. The first part provides information on the 
expenditure for all the activities financed by th e WTO regular budget. The second part provides 
information on the expenditure for all activities financed by extra-budgetary resources in trust 
funds. The third part presents the consolidated financial statements of the WTO Secretariat and includes the opinion of the External Auditor. 
1.3.  The World Trade Organization (WTO) deals with the rules for international trade. Its main 
function is to ensure that multilateral trading system remains open, equitable and 
non-discriminatory. The areas of our activity are: 
a. Implementation and Monitoring of existing Trade Rules: various WTO bodies seek to 
ensure that WTO agreements are being properly implemented. All WTO Members 
undergo periodic scrutiny of their trade policies and practices. 
b. Trade Negotiations: changes to the rules of trade require the agreement of all WTO 
members, who must reach consensus through negotiations. 
c. Dispute Settlement: WTO Members bring disputes to the WTO if they think their rights 
under trade agreements are being infringed. Se ttling disputes is the responsibility of the 
Dispute Settlement Body. 
d. Building Trade Capacity: the WTO aims to help developing countries to build their trade 
capacity. A large number of training activities are organized each year for officials from developing countries. This is part of a wider Aid-for-Trade Initiative, under which there is 
also the Enhanced Integrated Framework (EIF) and the Standards and Trade 
Development Facility (STDF). 
e. Outreach: the WTO maintains regular dialogue with non-governmental organizations, 
parliamentarians, other international organiza tions, the media and the general public on 
various aspects of the WTO and the on-going Doha Negotiations, with the aim of enhancing cooperation and increasing awareness of WTO activities. 
1.1  Budget 
1.4.  A budget proposal covering the expenses and income for the biennium is submitted to the 
Committee on Budget, Finance and Administration. It comprises the Budget for the first year of that biennium, and the provisional Budget for the second year. The proposal reflects needs based 
on the projected level of activity for the bie nnium. The 2013 Budget approved by the General 
Council (WT/GC/M/134 and WT/GC/M/141), on recommendation of the Committee on Budget, Finance and Administration (WT/BFA/128 and WT/BFA/134), amounted to some CHF 197 million 
and represents the second year of the biennium 2012-2013. WT/BFA/W/334 
- 10 - 
  Figure 1 Budget Evolution (MCHF) 
 
1.5.  The budget is financed from Member States' assessed contributions and miscellaneous 
income. 
a. The share to be contributed by each Member is based on its international trade (imports 
plus exports) in relation to the international trade of all WTO Members. Assessed contributions represent more than 99% of the funding of the Budget. 
b. Miscellaneous income is mainly made of the sale of publications and royalties, savings or 
refunds on previous year's obligations and expenses, rental of meeting rooms and office space, contributions of Observers and a small overhead fee collected on trust funds 
expenditure. 
1.2  Outstanding contributions 1.6.  The amount of outstanding Members' cont ributions over the past 15 years has remained 
globally stable with a decreasing trend in the last two years. Members who have more than one 
but less than two full year's assessed contributions at the end of the financial year are subject to 
Administrative Measures. There are now three categories of Administrative measures depending on the number of years of outstanding contributions.  Members have the possibility to enter into a 
payment plan that suspends Administrative Measures. Nine Members were parts of such plans at 
the end of 2013 and two Members have successf ully ended their payment plans in 2013. One 
Member has been put back under Administrative Measures due to non-compliance with the Plan. WT/BFA/W/334 
- 11 - 
  Figure 2 Outstanding Contributions (MCHF) 
 
1.3  Budget Breakdown 
1.7.  The WTO Budget is divided into four parts and 12 sections by type of expenditure. Part A 
covers personnel related costs, part B covers admi nistrative costs, part C covers other expenditure 
and part D covers the WTO's contribution to the budget of the International Trade Centre (ITC). 
Figure 3 WTO 2013 Budget by part 
 
 
1.8.  Personnel-related expenditure represents around 70% of the total expenditure incurred by 
the Secretariat. The personnel-related costs include salary, pension and common staff costs 
(including among others untaken annual leave, medical insurance and benefits for international staff such as education grants or home leave) for those staff in regular positions and those hired 
under temporary assistance. Since 2009, provisions for accrued benefits such as home leave, 
education grant, family allowances and untaken annual leave have been gradually accounted for. The actuarial liabilities towards the WTO Pension Plan and for after service health insurance have 
been assessed since 2010 and are disclosed in the notes to the financial statements. 
1.4  Building capacity 1.9.  The International Trade Centre UNCTAD/WTO (ITC) is the joint technical co-operation agency 
of the United Nations (UN) and the WTO for trade related technical assistance (TRTA). Originally WT/BFA/W/334 
- 12 - 
  created by the General Agreement on Tariffs and Trade (GATT) in 1964, ITC has operated since 
1968 under the joint aegis of GATT/WTO and the UN, the latter acting through the United Nations Conference for Trade and Development (UNCTAD). ITC is the focal point for technical assistance and cooperation activities in the trade promotion field, within the UN system of assistance to 
developing countries, as affirmed by the Economic and Social Council in its resolution 1819 (LV) of 
9 August 1973. 
1.10.  In addition to its regular budget, the WTO obtains some voluntary contributions for selected 
programmes that are managed through trust funds.  In 2013, the WTO incurred CHF 26 million of 
expenditure financed by trust funds. These programmes are essentially geared at supporting activities for technical cooperation and training meant to enable developing and least-developed countries to make better use of the WTO and draw greater benefit from the multilateral trading 
system. 
Figure 4 Key donors to Trust Funds since 2000 
 
 
1.11.  The core of the WTO trade related activities are channelled through the Doha Development 
Agenda Global Trust Fund (DDAGTF). The DDAGTF acti vities are carried out in conformity with the 
Biennial Technical Assistance and Training Plan (The Plan). The Plan foresees mainly general and 
specialised trade related seminars at the global and regional level, while also envisaging national 
activities as requested by Members. Other activities such as e-learning and training courses, academic support for training and capacity building as well as trainee programmes are also 
conducted. The DDAGTF also includes some staff expenditure directly or indirectly related to the 
delivery of the technical assistance activities. The proportion of voluntary contributions to the DDAGTF has decreased in recent years in favour of ear-marked funds. WT/BFA/W/334 
- 13 - 
  Figure 5 Trust Funds Contribution (MCHF) 
1.5  Budget and financial results 
1.12.  At the end of each financial period, a proposal is made to the General Council on the use of 
the balance of the surplus account. The balance of the surplus account includes the budgetary 
savings or deficit but also other income and expenditure that are not part of the budget (the provision for contribution in arrears, the write off and adjustment of publication inventories and 
the miscellaneous income that was not realised). A positive balance on the surplus account can 
either reduce Members' future contributions, be  transferred to the Working Capital Fund of the 
Organization or be used for any other purpose decided by the General Council. In case of a deficit, 
it should be covered to the extent possible, by transfer from the Working Capital Fund. Any 
uncovered part should be included in the next year's budget. 
1.13.  The implementation of the International Public Sector Accounting Standards (IPSAS) in 
2012 introduced the financial or accounting result. This financial result includes expenditure not 
previously budgeted and accounted and relating to pension and after service health insurance 
benefits. Members are currently reviewing the Financial Regulations to determine how to take into account the new financial result. 
 
  
 
  
WT/BFA/W/334 
- 14 - 
  2  BUDGET PERFORMANCE 
2.1  2013 Income Table 1. WTO Income (CHF) 
 Budget  Actual Balance 
Contributions 195,500,000  195,551,258 51,258  
Miscellaneous income 1,703,900  1,471,143 (232,757)  
Grand Total 197,203,900  197,022,401 (181,499)  
 
2.1.  The total income of the WTO, excluding tr ust funds, amounted to CHF 197 million in 2013. It 
is CHF 0.2 million below the budgeted amount. This  is composed of some CHF 50,000 of additional 
contributions received due to the accession of two new Members (Laos and Tajikistan). The lower 
than expected miscellaneous income can be explained as follows: 
Table 2. Miscellaneous Income (CHF) 
 Budget 2013 Receipts 2013 Balance 2013 
Contributions of Observer Countries 821,100  711,192 (109,908)  
Sale of Publications & Royalties 250,000  343,438 93,438  
Trust Fund contributions 200,000  193,796 (6,204)  
Savings on previous year's 
outstanding obligations 150,000  (54,217) (204,217)  
Refund of prior year's expenditure -  263,107 263,107  
Rental of meeting rooms & office 
space  240,000  204,600 (35,400)  
Profit/Loss on foreign exchange -  (106,973) (106,973)  
Other 42,800  (83,801) (126,601)  
TOTAL 1,703,900  1,471,142 (232,758)  
 
2.2.  The contributions received by Observers ar e lower than expected at the beginning of the 
biennium, because six Observers acceded between 2012 and 2013. Under rental of meeting rooms, less income was collected from external parties because of the construction project. 
Additionally, a loss of exchange was realised, as a result of the revaluation of foreign currency 
held. Members with arrears related to the GATT pe riod may benefit from a reduction under special 
conditions. These reductions are reducing other miscellaneous income  WT/BFA/W/334 
- 15 - 
  2.2  2013 Consolidated WTO Budget Performance  
Table 3. 2013 Consolidated WTO Budget Performance 
Part Section Line Budget Expenditure Balance 
A Sect 1 Work Years (a)Salary 90,038,900  84,002,011 6,036,889  
  (b)Pension 19,247,000  18,166,815 1,080,185  
  (c)Common Staff Costs 18,497,900  17,779,756 718,144  
 Sect 2 Temporary Assistance    
  (a)Temporary Assistance 14,749,700  17,008,472 (2,258,772)  
  (b)TA CSC 490,800  1,452,672 (961,872)  
B Sect 3 Communications    
  (a) Telecommunications 674,000  397,802 276,198  
  (b) Postal Charges 1,045,700  632,852 412,848  
 Sect 4 Building Facilities    
  (a) Rental 1,278,000  1,316,092 (38,092)  
  (b) Utilities 1,759,000  1,792,260 (33,260)  
  (c) Maintenance and Insurance  1,492,000  1,256,452 235,548  
 Sect 5 Permanent Equipment    
  (a)Perm. Equipment 1,410,000  1,260,611 149,389  
  (b)Perm Equipment Lease 44,000  (33,466) 77,466  
 Sect 6 Expendable (a)Expendable Supplies 1,201,000  975,549 225,451  
 Sect 7 Contract ual Services    
  (a) Reproduction 1,370,600  577,341 793,260  
  (b) Office Automation 3,365,000  3,439,326 (74,326)  
  (c)Other 238,000  146,054 91,946  
  (d) Security Outsourcing 3,963,000  3,901,830 61,170  
C Sect 8 Staff Overheads    
  (a) Training 1,525,000  1,111,254 413,746  
  (b) Insurance 3,316,000  2,896,102 419,898  
  (c) Joint Services 255,000  264,105 (9,105)  
  (d) Miscellaneous 66,000  87,193 (21,193)  
 Sect 9 Missions (a)Missions Official 1,751,000  1,398,465 352,535  
  (b)Missions Technical 1,406,000  1,020,079 385,921  
 Sect 10 TPTC  2,851,300  2,483,670 367,630  
 Sect 11 Various (a) Representation and 
Hospitality 299,500  286,753 12,747  
  (b) Dispute Settlement Panels 987,000  779,597 207,403  
  (c) Experts 50,000  - 50,000  
  (d) Appellate Body Members 793,500  782,992 10,508  
  (e) Library 600,000  492,255 107,745  
  (f) Publications 781,000  504,621 276,379  
  (g) Public Information 
Activities 300,000  393,636 (93,636)  
  (h) External Auditors 50,000  64,199 (14,199)  
  (i) Ministerial Operating Fund 600,000  616,604 (16,604)  
  (j) ISO 57,000  31,590 25,410  
  (k) Other 140,000  160,341 (20,341)  
  (l) Appellate Body Operating 
Fund 1,600,000  1,600,000 - 
D Sect 13 ITC  18,911,000  18,067,586 843,414  
Grand Total  197,203,900  187,113,472 10,090,428  
 
2.3.  Consolidated budgetary expenditure comprises the expenditure for a) the WTO Secretariat 
and b) the Appellate Body and its Secretariat. WT/BFA/W/334 
- 16 - 
  Table 4. Consolidated Expenditure (CHF) 
 Budget Actual Balance 
WTO Secretariat 191,099,300 181,524,956 9,574,344 
Appellate Body and its Secretariat 6,104,600 5,588,516 516,084 
Grand Total 197,203,900  187,113,472 10,090,428  
 
2.3  2013 WTO Secretariat budget performance 
Table 5. 2013 WTO Secretariat Budget Performance 
Part Section Line Budget Expenditure Balance 
A Sect 1 Work Years (a)Salary 87,592,600 82,030,685 5,561,915 
  (b)Pension 18,726,800 17,740,591 986,209 
  (c)Common Staff Costs 18,013,400 17,340,090 673,310 
 Sect 2 Temporary Assistance    
  (a)Temporary Assistance 14,684,100 16,772,824 (2,088,724) 
  (b)TA CSC 490,800 1,403,668 (912,868) 
B Sect 3 Communications    
  (a) Telecommunications 667,500 397,802 269,698 
  (b) Postal Charges 1,045,700 632,852 412,848 
 Sect 4 Building Facilities    
  (a) Rental 1,278,000 1,316,092 (38,092) 
  (b) Utilities 1,746,000 1,792,260 (46,260) 
  (c) Maintenance and Insurance 1,487,000 1,256,452 230,548 
 Sect 5 Permanent Equipment    
  (a)Perm Equipment 1,385,000 1,260,611 124,389 
  (b)Perm Equipment Lease 44,000 (33,466) 77,466 
 Sect 6 Expendable (a)Expendable Supplies 1,181,000 964,980 216,020 
 Sect 7 Contract ual Services    
  (a) Reproduction 1,355,600 577,341 778,260 
  (b) Office Automation 3,355,000 3,439,326 (84,326) 
  (c)Other 238,000 146,054 91,946 
  (d) Security Outsourcing 3,963,000 3,901,830 61,170 
C Sect 8 Staff Overheads    
  (a) Training 1,500,000 1,097,482 402,518 
  (b) Insurance 3,304,000 2,887,359 416,641 
  (c) Joint Services 255,000 264,105 (9,105) 
  (d) Miscellaneous 64,000 87,193 (23,193) 
 Sect 9 Missions (a)Missions Official 1,701,000 1,365,868 335,132 
  (b)Missions Technical 1,406,000 1,020,079 385,921 
 Sect 10 TPTC  2,851,300 2,483,670 367,630 
 Sect 11 Various (a) Representation and 
Hospitality 298,500 285,015 13,485 
  (b) Dispute Settlement Panels 987,000 778,517 208,483 
  (c) Experts 50,000 - 50,000 
  (e) Library 590,000 489,110 100,890 
  (f) Publications 781,000 492,610 288,390 
  (g) Public Information Activities 300,000 393,636 (93,636) 
  (h) External Auditors 50,000 64,199 (14,199) 
  (i) Ministerial Operating Fund 600,000 616,604 (16,604) 
  (j) ISO 57,000 31,590 25,410 
  (k) Other 140,000 160,341 (20,341) 
D Sect 13 ITC  18,911,000 18,067,586 843,414 
Grand Total  191,099,300  181,524,956 9,574,344  
 WT/BFA/W/334 
- 17 - 
  2.3.1  Part A Personnel related costs 
2.4.  Personnel related costs include salary, pension and common staff costs for staff in regular 
positions (section 1) and those hired under temporary assistance (section 2). 
Figure 6 2013 Personnel Costs (kCHF) 
 
 
Figure 7 Comparison Budget/Expenditure for regular staff (kCHF) 
 
2.5.  A budgetary saving of CHF 7.2 million wa s achieved for regular staff expenditure, under 
section 1 of the budget, in 2013. This total saving is a combination of under spending for salaries 
(CHF 5.6 million), pensions (CHF 1.0 million) and common staff costs (CHF 0.7 million). This 
saving is due to a large extent to the number of vacant posts in 2013 and to the practice of filling of high-graded posts at lower grades. Compared to pr evious years, this is also due to a change of 
method in the recording of temporary staff recruited to fill vacant regular staff positions. From the 
1st January 2011, the WTO records expenditure related to temporary staff hired to fill vacant positions under Temporary Assistance, in the section 2 of the budget. This expenditure was 
previously recorded in the section 1 of the budget. This change of accounting method reflects 
better the nature of the expenditure corresponding to temporary contracts. The under spending in 
regular staff salary is offsetting the over spending under temporary assistance. Pensions are WT/BFA/W/334 
- 18 - 
  directly connected to the salary and no changes in  the amount of pension contribution took place 
in 2013. 
2.6.  Common staff costs include the following elements: health insurance, family allowances, 
education grants, home leave, installation grant,  language allowances, non-resident allowance, 
rental subsidy, travel and removal, repatriation grant, untaken annual leave and termination 
indemnity. Since 2011, all short-term employee be nefits (untaken annual leave, home leave, 
education grant, family allowances and separati on benefits) are recorded, in conformity with 
International Public Sector Accounting Standard s (IPSAS). The saving of CHF 0.7 million under 
common staff costs is essentially connected with a lower than anticipated amount expenditure on family allowances (CHF 0.4 million) and health insurance (CHF 0.3 million). The budget had foreseen an increase of 4% on health insurance premiums in 2013, but finally increased by 5%. 
However, in the first year of the biennium, the projected 5% increase in medical insurance did not 
materialize, therefore generating a saving in 2013 under this item. 
2.7.  Temporary assistance is mainly used to hire interpreters and translators, informatics 
consultants and other general support personnel. 
Figure 8 Temporary A ssistance Expenditure 
 
 
2.8.  Temporary assistance expenditure has increased by CHF 1.5 million in 2013 compared to 
2012. The budgetary overspending is essentially du e to the hiring of the project-based dispute 
settlement lawyers in order to assist with the increased activity in dispute settlement, as well as to 
the replacement of staff on leave without pay or positions that have become vacant. WT/BFA/W/334 
- 19 - 
  Figure 9 Comparison Budget/Expenditure for temporary staff (kCHF) 
 
2.9.  The most significant overspending (CHF 4.3 million) has been realized in the category 
support staff which includes the project-based di spute settlement lawyers and the replacements of 
staff on leave without pay or the filling of vacant positions by temporary staff. The over-expenditure in common staff costs (CHF 0.9 million), including health and pension 
contributions for these staff, reflects the same increase. The saving under the category language 
(CHF 1.4 million) is mainly due to efficiency gains obtained by internal translation resources and better use of technology. A part of the saving is  also due to a better scheduling of meetings and 
capping the number of meetings running simultaneously that require interpretation. The 
overspending in the category "others" is larg ely due to the overspending under interns (CHF 
0.2 million). 
2.3.2  Part B Administrative costs 
2.10.  Administrative costs include expenses related to communications, maintenance and 
insurance of the building, permanent equipment and supplies. They include also contractual 
services for reproduction, maintenance of IT ap plications, purchase of software and security 
outsourcing services. Administrative costs amounted to CHF 15.6 million in 2013, an increase of 
CHF 1.2 million against 2012. This is due to the fi rst instalment of the interest-free loan over 
50 year for the new building. The budgetary savi ng in 2013 amounted to CHF 2 million. Savings 
have been achieved on all five budget sections under this part of the budget. WT/BFA/W/334 
- 20 - 
  Figure 10 Comparison Budget/Expenditure for administrative costs (kCHF) 
 
2.11.  The net budgetary saving of CHF 0.6 milli on on communications is explained by reduced 
telecommunication charges of CHF 0.2 million and reduced postal charges of CHF 0.4 million. The 
reduction of postal charges is the result of the approved Paperless Secretariat strategy to reduce 
the amount of official documentation being prin ted and distributed by mail. The reduction in 
telecommunication charges is the result of closer monitoring and new negotiated rates for mobile communication. 
2.12.  The net budgetary saving of CHF 0.1 million on building facilities is essentially related to 
lower expenditure for renovation following the complete renovation of the existing CWR building over the last two years as well as a saving under  the building insurance due to better negotiated 
rates. 
2.13.  The saving of CHF 0.2 million under Permanent Equipment is connected with the lower 
expenditure under security equipment which had been renewed during the building renovation project. The saving of the same amount under Ex pendable Supplies relates to reduced expenditure 
in the area of IT supplies as well as in the area of building supplies following the renovation 
project. 
2.14.  The net budgetary saving of CHF 0.8 millio n on contractual services is largely due to a 
saving of CHF 0.7 million under the rental of equipment in documents reproduction. As a result of 
the streamlining measures, several rental agreem ents for equipment have been terminated and 
new agreements negotiated. Additionally, the system of charging a lump-sum for the use of equipment has been changed into a system of char ging the actual unit cost which has, together 
with the streamlining measures, considerably lowered the expenditure. Furthermore, under the 
security outsourcing contract, a saving of CHF 0.06 million is realised due to the gradual implementation of the security perimeter. 
2.3.3  Part C Other costs 
2.15.  Other costs include expenses such as staff overhead, missions, trade policy training courses, 
dispute settlement panels, library, publications an d contribution to the Ministerial Operating Fund. 
Other costs amounted to CHF 12.5 million in 2013, an increase of CHF 0.5 million against 2012. It 
still resulted to a budget saving of CHF 2.4 million in 2013. Savings have been achieved on all four budget sections under this part of the budget. WT/BFA/W/334 
- 21 - 
  Figure 11 Comparison Budget/Ex penditure for Other costs (kCHF)  
 
2.16.  Staff overheads relate to training, insurance and costs related to shared common services. 
The net budgetary savings of CHF 0.8 million is mainly explained by a saving on the training 
expenditure for CHF 0.4 million and an additional  saving of CHF 0.4 million in the area of 
contributions for the health insurance of retirees as well as the WTO disability insurance. 
2.17.  A net budgetary saving of CHF 0.7 million has been achieved under Missions which is split 
nearly equally between official and technical missions. The saving under missions is mainly due to 
the change of Senior Management in fall 2013 and to the preparation of the Ministerial Conference 
in December 2013. 
Figure 12 Comparison Budget/Expendit ure for Trade Policy Courses (kCHF) 
 
2.18.  A budgetary saving of CHF 0.4 million ha s been obtained on Trade Policy Courses in 2013. 
The overspending under the two regional trade policy courses has been largely offset by the 
savings achieved under all other courses, especially under the Geneva Week and the seven 
Specialised Courses, for which a lower cost per course than originally planned could be achieved. WT/BFA/W/334 
- 22 - 
  Figure 13 Comparison Budget/Expe nditure for various costs (kCHF) 
299987
590781
300600
297 285779
489 493
394617
256
Representation
and HospitalityDispute
Settlement
PanelsLibrary Publications Public
Information
ActivitiesMinisterial
Operating FundOther
Budget Expenditure
 
2.19.  A net budgetary saving of CHF 0.5 million has been achieved on section 11 of the budget 
that comprises various types of expenditure. The budgetary savings have been achieved mainly in 
the areas of publications (CHF 0.2 million), di spute settlement (CHF 0.2 million) and library 
(CHF 0.1 million). The saving on publication is la rgely due to a change in the accounting approach 
to record expenditure for the production of public ations. Some publication production expenditures 
are now included in the value of the publication inventory and are only expensed once the publication is sold. In dispute settlement, the expenditure has doubled since 2012 with 
CHF 0.4 million of expenditure, but still generating  a saving of CHF 0.2 million, as the significant 
increase in activity took place only from the middle of the year. 
2.20.  An overspending of CHF 0.1 million could be observed under Public Information Activities 
due to the preparation of the Ministerial Conf erence. Additionally, a small overspending of 
CHF 16,604  has been realized in the area of the Ministerial Conference Operating Fund, which was due to the unforeseen extension of th e Ministerial Conference by 1 day. 
2.3.4  Part D ITC 
2.21.  The actual WTO contribution to the bu dget of the International Trade Centre (ITC) 
generated a saving of CHF 0.843 million. The WTO al igned its contribution to the ITC based on the 
actual contribution from the UN. The UN adjusted down its contribution to the ITC due to exchange 
rate differences between the USD and the CHF. 
2.3.5  Proposed transfers between budgetary sections 2.22.  In accordance with Financial Regulation 24 and Financial Rule 4.4, transfers between WTO 
budgetary sections are necessary in order to cover excess expenditure over approved 
appropriations by savings. Authority is sought to increase these appropriations accordingly, as follows: WT/BFA/W/334 
- 23 - 
  Table 6. Proposed Transfers between Sections of the 2013 WTO Budget 
Par
t Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriatio
n Balance 
A Sect 1 Work Years 124,332,800 117,111,366 7,221,434 (3,001,592) 121,331,208 4,219,842 
 Sect 2 Temporary Assistance 
      
  15,174,900 18,176,492 (3,001,592
) 3,001,592 18,176,492 0 
B Sect 3 Communications 
      
  1,713,200 1,030,655 682,545  1,713,200 682,545 
 Sect 4 Building Facilities 
      
  4,511,000 4,364,804 146,196  4,511,000 146,196 
 Sect 5 Permanent Equipment 
      
  1,429,000 1,227,145 201,855  1,429,000 201,855 
 Sect 6 Expendable 1,181,000 964,980 216,020  1,181,000 216,020 
 Sect 7 Contractual Services 
      
  8,911,600 8,064,551 847,049  8,911,600 847,049 
C Sect 8 Staff Overheads 
      
  5,123,000 4,336,140 786,860  5,123,000 786,860 
 Sect 9 Missions 3,107,000 2,385,947 721,053  3,107,000 721,053 
 Sect 10 TPTC 2,851,300 2,483,670 367,630  2,851,300 367,630 
 Sect 11 Various 3,853,500 3,311,621 541,879  3,853,500 541,879 
D Sect 13 ITC 18,911,000 18,067,586 843,414  18,911,000 843,414 
Grand Total 191,099,30
0 181,524,956  9,574,344  - 191,099,300 9,574,344  
 
2.4  2013 Appellate Body and its Secretariat budget performance 
2.23.  The budget for the Appellate Body and its Se cretariat is distinct from the budget of the WTO 
Secretariat. Expenditure incurred by the Appella te Body and its Secretariat are divided into 
permanent and variable costs linked to the numbe r of disputes handled by the Appellate Body. 
Permanent costs of the Appellate Body and its Secretariat are financed through an annual budget 
allocation in accordance with the WTO Financial Rules and Regulations. The Appellate Body and its 
Secretariat budget follows the same structure as the one used for the WTO Secretariat. WT/BFA/W/334 
- 24 - 
  Table 7. Appellate Body and it s Secretariat Budget Performance 
Part Section Line Budget Expenditure Balance 
A Sect 1 Work Years    
  (a)Salary 2,446,300 1,971,326 474,974 
  (b)Pension 520,200 426,224 93,976 
  (c)Common Staff Costs 484,500 439,666 44,834 
 Sect 2 Temporary Assistance    
  (a)Temporary Assistance 65,600 235,648 (170,048) 
  (b)TA CSC - 49,004 (49,004) 
B Sect 3 Communications    
  (a) Telecommunications 6,500 - 6,500 
  (b) Postal Charges  - - 
 Sect 4 Building Facilities    
  (b) Utilities 13,000 - 13,000 
  (c) Maintenance and Insurance 5,000 - 5,000 
 Sect 5 Permanent Equipment    
  (a)Perm Equipment 25,000 - 25,000 
 Sect 6 Expendable    
  (a)Expendable Supplies 20,000 10,570 9,430 
 Sect 7 Contract ual Services    
  (a) Reproduction 15,000 - 15,000 
  (b) Office Automation 10,000 - 10,000 
C Sect 8 Staff Overheads    
  (a) Training 25,000 13,772 11,228 
  (b) Insurance 12,000 8,743 3,257 
  (d) Miscellaneous 2,000 - 2,000 
 Sect 9 Missions    
  (a)Missions Official 50,000 32,597 17,403 
 Sect 11 Various    
  (a) Representation and Hospitality 1,000 1,739 -739 
  (b) Dispute Settlement Panels  1,080 -1,080 
  (d) Appellate Body Members 793,500 782,992 10,508 
  (e) Library 10,000 3,145 6,855 
  (f) Publications - 12,011 -12,011 
  (l) Appellate Body Operating Fund 1,600,000 1,600,000 - 
Grand Total  6,104,600  5,588,516 516,084  
 
2.24.  The expenditure incurred by the Appellate Body and its Secretariat amounted to 
CHF 5.6 million in 2013. It led to an overall budget saving of some  CHF 0.5 million. The actual 
expenditure is lower than in 2012 by some CHF 0.5 million. 
2.25.  Under Part A, expenditure for permanent st aff of the Appellate Body Secretariat amounted 
to CHF 2.9 million in 2013. It generated a budget  saving of CHF 0.6 million. The 2013 budget had 
foreseen additional funding of some CHF 0.6 million for two additional one year permanent staff 
positions in the Appellate Body Secretariat. This additional funding has instead been used to fund 
temporary positions. The temporary assistance budget has been overspent by some CHF 0.3 million. 
2.26.  Under Part B, the only expenditure of th e Appellate Body Secretariat occurred under office 
supplies. Most of the other expenditure are financed from the WTO Secretariat regular budget and 
are not allocated to the Appellate Body Secretariat. 
2.27.  Under Part C, the expenditure on Appellate Body Members' retainer fees amounted to some 
CHF 783,000. They are slightly lo wer than budgeted by CHF 11,000. 
2.28.  The contribution to the Appellate Body Operating Fund (ABOF) that covers for the variable 
costs associated to appeals, mainly daily fees  and travel costs of Appellate Body Members, WT/BFA/W/334 
- 25 - 
  amounted to CHF 1.6 million in 2013 and was exac tly covered by the budget for this item. The 
detail of the expenditure incurred by the ABOF in 2013 is presented in the following table. 
Table 8 ABOF expenditure (kCHF) 
Statement of Appellate Body Operating Fund Expenditure (kCHF)  
Opening Balance as at 1 January 2013  - 
  
Contribution from the regular budget of the Appellate Body and its Secretariat  1,600  
  
Expenditure in 2013:  
Appellate Body Members daily fees  (382) 
Appellate Body Members travel expenditure  (266) 
Panellist Fees (30) 
Oral hearing filming  (8) 
Postage  (4) 
Total expenditure  (691)  
  
Closing balance as at 31 December 2013  909  
 
2.29.  In accordance with Financial Regulation 24 and Financial Rule 4.4, transfers between WTO 
budgetary sections are necessary in order to cover excess expenditure over approved 
appropriations by savings. Authority is sought to increase these appropriations accordingly, as 
follows: 
Table 9. Proposed Transfers between Sect ions of the 2013 Appellate Body and its 
Secretariat Budget 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance 
A Sect 1 Work 
Years 3,451,000 2,837,216 613,784 (219,052) 3,231,948 394,732 
 Sect 2 Temporary Assistance 
      
  65,600 284,652 (219,052) 219,052 284,652 0 
B Sect 3 Communications 
      
  6,500 - 6,500  6,500 6,500 
 Sect 4 Building Facilities 
      
  18,000 - 18,000  18,000 18,000 
 Sect 5 Permanent Equipment 
      
  25,000 - 25,000  25,000 25,000 
 Sect 6 Expendable 
      
  20,000 10,570 9,430  20,000 9,430 
 Sect 7 Contractual Services 
      
  25,000 - 25,000  25,000 25,000 
C Sect 8 Staff Overheads 
      
  39,000 22,515 16,485  39,000 16,485 
 Sect 9 Missions 50,000 32,597 17,403  50,000 17,403 
 Sect 11 Various 2,404,500 2,400,967 3,533  2,404,500 3,533 
Grand Total 6,104,600 5,588,516  516,084  - 6,104,600 516,084  
 WT/BFA/W/334 
- 26 - 
  3  TRUST FUNDS PERFORMANCE 
3.1.  This part describes the activities performed in 2013 using extra-budgetary funds. The 
flagship of the WTO's trust funds is the Doha Development Agenda Global Trust Fund (DDAGTF). 
While there are several smaller funds that address specific purposes, it is the policy of the WTO to 
encourage the consolidation of most trade-related technical assistance under this global trust fund. 
3.1  Doha Development Agenda Global Trust Fund Figure 14 Allocation of DDAGTF Resources 2013 
 
 
3.2.  The complete qualitative and quantitative overview of technical assistance and training 
activities undertaken in each year is presented by the Secretariat to the Membership in the spring of the following year in a separate report. 
Table 10. Doha Development Agenda  Global Trust Fund (DDAGTF) 
Financial Report Summary (CHF)  2013 2012 
Funds as at 1 January  12,416,533 10,252,801 
Contributions received 13,619,060 12,106,625 
Interest earned  12,240 26,746 
Total funds 26,047,833 22,386,172 
Total expenditures (7,989,368) (9,969,639) 
Balance as at 31 December 18,058,465 12,416,533 
 
3.3.  The Doha Development Agenda Global Trust fund (DDAGTF) was established in 
December 2001 to finance technical assistance pr ogrammes and training activities for developing 
and least-developed countries as well as economies in transition. One of the main purposes for creating a global fund was to consolidate the numerous extra-budgetary funds in a single 
un-earmarked fund, so as to provide a stable financ ial basis for the delivery of the TA plan adopted 
by Members. The activities supported by the DDAGTF are intended to: enhance institutional and human capacity in beneficiary countries; address trade policy issues and concerns; facilitate fuller participation of beneficiaries in the Multilateral Trading System; and encourage effective 
participation in the negotiations. 
3.4.  The WTO's technical assistance and training programmes are primarily geared towards 
government officials from WTO Members and acceding countries that are directly responsible for 
WTO-related issues, including the implementation of the Agreements of the Multilateral Trading 
System and the DDA negotiations. A secondary broader audience, including academics, civil 
society, parliamentarians and private sector representatives is targeted through the academic and 
outreach programmes. WT/BFA/W/334 
- 27 - 
  3.5.  Trade-related technical assistance and training  activities (TRTA) are carried out in accordance 
with a Biennial Technical Assistance and Training Plan ("the TA Plan"), which derives funding from 
both the regular budget and the DDAGTF. 
3.6.  The TA Plan identifies the objectives and type s of activities to be delivered by the Secretariat 
for the period concerned. The TA Plan normally fo resees a number of activities at the global and 
regional levels, to be delivered within a given year. The TA Plan also anticipates additional activities at the national level on the basis of specific requests by Members (potentially up to two 
activities per year per developing country Member  and three for least-developed countries (LDCs). 
3.7.  The TA Plans are structured around a progressive learning strategy designed in such a way as 
to: 
a. ensure that the beneficiaries are gradually moving to higher levels of learning; 
b. contribute to sustainable human and institutional capacity-building; 
c. strengthen inter linkages among programmes; 
d. build synergies across subject areas; 
e. assure coherence and cost-effectiveness in the delivery of TRTA. 
3.8.  Increasingly, important elements of results based management (RBM) are being incorporated 
into the WTO's TA Plans. The 2014-15 TA Plan ap proved at the end of 2013 makes a significant 
shift in this direction. 
3.9.  The WTO undertakes activities in which it has a comparative advantage and that fall within its 
mandate, i.e. WTO Agreements and those areas that are directly part of the DDA negotiations. The WTO co-operates and forms partnerships when possible with relevant international bodies and 
agencies in order to deliver the TRTA efficiently, bearing in mind the specific competencies of the 
partner organizations. 
3.10.  The TA Plan includes a mix of TA products that are consistent with the Progressive Learning 
Strategy. Each product targets different needs, objectives, audiences and levels of knowledge. 
3.11.  The TA products can be grouped broadly in five main categories: 
a. E-learning/Self Training Courses – Takes fu ll advantage of information technology and 
the Internet as a complement as well as an alternative to traditional training 
programmes. These offerings consist of differe nt types of IT-based technical assistance 
and training tools. This approach is focused particularly on introductory and intermediate level training for both generalists and specialists. Efforts are currently under way to 
enhance existing e-learning options and expand options to provide higher level content. 
b. General WTO-related technical assistance and training – Training activities for 
government officials with a broad overall WT O responsibility and a general knowledge of 
the multilateral trading system. The main purpose is to initiate officials in the rules and 
functioning of the WTO and/or to raise the general level of knowledge and provide opportunities for them to increase their skills. Relevant activities can be held in Geneva 
or in the field. 
c. Specialized and advanced technical assistance training – National/regional seminars and 
workshops as well as specialized courses for the initiated and specialists/technicians. The 
focus is on providing in-depth training and enhancing skills that have a direct practical 
value in implementing WTO Agreements. 
d. Academic support for training and capacity bu ilding – Activities that focus on building 
partnerships with trade policy-related academic community members in Member 
countries (e.g. workshops for university professors on WTO matters, support 
programmes for doctoral students, programme for visiting academics, research collaboration and document dissemination for universities). 
e. Trainee programmes and internships – They provide an opportunity for junior officials to 
get first hand exposure to the functioning of the multilateral trading system (MTS) WT/BFA/W/334 
- 28 - 
  and/or to provide support to the respective beneficiaries' regional secretariats to the 
WTO. 
3.12.  In addition to the direct costs of the vari ous training activities, some staff costs related to 
the delivery of the technical assistance activities are funded from the DDAGTF. 
3.13.  TRTA programmes implemented under the DDAGTF in 2013 were based on the Biennial 
Technical Assistance and Training Plan 2012-2013 (WT/COMTD/W/180/Rev.1). The Committee on Trade and Development and the Committee on Bu dget, Finance and Administration jointly 
examined and endorsed the Technical Assistance and Training Plan 2012-2013. Subsequent to the 
recommendation of the Committee on Budget, Finance and Administration, the General Council approved a target amount of CHF 18 million fo r the DDAGTF for each year of the biennium, 
corresponding to the estimated costs of the activities contained in the Plan. This represented a 
decrease from the prior years where the target am ount was CHF 24 million. The new target largely 
reflected the capacity of Members to participat e in, and the WTO to implement, these types of 
activities. 
3.14.  Historically, actual expenditures from the DDAGTF have been around CHF 18 million. 
However, expenditure levels both in 2012 and 2013 fell considerably below this target. 
3.15.  The DDAGTF is a revolving fund, i.e. the remaining balance at the end of a year is carried 
forward to the next year of the fund's operation and counts toward meeting the periodic 
benchmarks set for contribution receipts as follows: 
a. 25% of the following year's target amount to be in the bank by 31 December; 
b. another 50% for an overall 75% by 31 March; and 
c. 100% by the end of June. 
3.16.  This approach is designed to allow smooth and effective implementation, through adequate 
and timely receipt of funds. 
3.17.  In 2013 the actual level of contributions started the year ahead of the benchmarks due to 
the carry forward of a strong balance at the end of  2012. A slow rate of contributions in the first 
9 months of the year meant that contributions fell  behind the benchmarks in the second quarter, 
but by the end of the year the benchmark of 100% was met: 
a. 124% was in the bank at 31 December 2012; 
b. 72% was in the bank at 31 March 2013; 
c. 73% was in the bank at 30 June 2013; 
d. 91% was in the bank at 30 September 2013; 
e. 140% was in the bank at 31 December 2013. 
3.18.  Although the contributions arrived late in th e year, the level of new contributions received in 
2013 was ultimately 12% higher than in the previous year and the number of donors was stable 
with an increase from 14 in 2012 to 15 in 2013. 
3.19.  Main activities implemented in 2013, many of which were undertaken in partnership with 
other agencies and bodies, include: 
3.1.1  General WTO-related tec hnical assistance and training 
 Five two-month Regional Trade Policy Courses (RTPC). They covered Africa, Central and 
Eastern Europe, Middle East, Asia/Pacific, and Latin America. 
 Eight Geneva-based topic-specific symposia and five regional and sub-regional training 
courses of shorter duration. 
3.1.2  Specialized and advanced technical assistance training 
 Three national topic-specific technical assistance activities including the Trade Policy 
Review Mechanism missions. WT/BFA/W/334 
- 29 - 
   Twenty-six topic-specific regional seminars (on Agriculture, Dispute Settlement, 
Government Procurement, Non-Agriculture Market Access, Regional Trade Agreements, Rules, Sanitary and Phytosanitary Measures, Services, Technical Barriers to Trade, Trade and Development, Trade and Environment, Tr ade Facilitation and Trade-Related Aspects 
of Intellectual Property). 
 Three intensive courses on trade negotiation skills. 
 Four outreach activities for parliamentarians and civil society. 
 Eight reference centres were established or upgraded in Botswana, Gabon, Burkina Faso, 
Vanuatu, Madagascar, Ethiopia (2) and Myanmar". 
3.1.3  Academic support for training and capacity building 
 One conference & board meeting. 
 Thirteen WTO Chairs received on-going support. 
 One regional workshop. 
 One internship for a doctoral student. 
3.1.4  Trainee programmes and internships 
 Eight Regional Coordinator Internships. 
3.1.5  E-learning 
3.20.  In 2013, E-Learning continued to deliver its online courses in the three official languages on 
a non-stop basis all-year-round. This new approach in the delivery of the courses, which started in 2011, has permitted to respond to the increasing demand for E-Learning courses from Members and to better contribute to the capacity building  of the WTO in line with the PLS (Progressive 
Learning System) and RBM (Result Based Management). 
3.21.  The catalogue of E-Learning courses continued to be expanded in 2013 with three new 
courses in English, French and Spanish: Legal Un derpinnings, Trade Finance and Accession to the 
WTO. In total, 17 E-Learning courses in the three languages, representing in total 47 courses were 
opened for registration in 2013. Efforts were deployed to finalize the courses on Regional Trade Agreements and Notification Obligations which will be made available in 2014. 
3.22.  The gap between the development and release of the courses in the different languages was 
reduced last year. As a result, six courses were made available also in French and Spanish in 2013: Trade and Development, WTO and Trade Economics: theory and policy, Legal Underpinnings, WTO Market Access Databases, Trade Finance and the WTO and the revised 
version of the Trade Remedies course. 
3.23.  The number of E-Learning participants rose from 3060 in 2010 to 5645 in 2013. The 
country-coverage of the E-Learning programme was broad with participants from 148 countries. 
3.24.  Interactive activities were boosted in 2013. The number of Chat Sessions rose from 33 in 
2012 to 41 in 2013 while the number of threads in the News Forum surged from 31 to 74. Multimedia and audio-visual material such as videos and animations was developed and increased 
in the courses, e.g. for the course "Market Access Online Databases". WT/BFA/W/334 
- 30 - 
  Table 11 Number of participants who succe ssfully completed an E-Learning course 
Year Number of participants 
2010 2'392 
2011 2'890 
2012 3'023 
2013 5'645 
 
3.25.  The regional distribution of participants taking the courses continued to be comprehensive 
in 2013, covering all regions with Africa (45%), Asia and Pacific (19%) and Latin America (18%) having the highest rates of participation. In addition, LDCs continued to be well represented 
increasing from 26% in 2012 to 37% in 2013 of th e total number of participants who completed a 
course. 
3.2  Internship Programme for Selected  Members' Missions in Geneva (TIMM1) 
3.26.  The internship programme for the benefit of Geneva-based Missions of LDCs and small and 
vulnerable economies with very few staff was established in 2001. The purpose of this Programme is (i) to enhance the interns' knowledge and under standing of the multilateral trading system and 
of trade policy in general; (ii) to strengthen the understanding of the negotiation process at the 
WTO; and (iii) to support the Mission in participating more actively in the daily activities at the 
WTO. 
3.27.  The interns work in their own country Mission in Geneva and not in the WTO Secretariat for 
a period of up to ten months and represent their respective country on selected WTO committees. 
This hands-on approach is designed to provide them with exposure to the activities taking place at the WTO. 
3.28.  The programme is open to nationals of developing and least-developed countries as well as 
economies in transition with a Geneva Mission. The required qualifications include: (i) an appropriate degree in economics, trade and/or law at the post-graduate level; (ii) mastery of one 
of the WTO working languages and preferably a good knowledge of another; (iii) working 
experience in the national administration in the trade-related area; (iv) good drafting skills; and 
(v) operational familiarity with standard software packages. Support function positions are not considered part of this programme. 
3.29.  Interns are selected by the Institute for Training and Technical Cooperation and the Human 
Resources Division of the WTO together with the Mission concerned. The selection criteria are similar to those for entry-level positions at the WTO. Special consideration is given to those 
candidates who will be using their experience upon returning to their country. LDCs and other 
developing countries with low per-capita GNP and those countries with very few staff positioned in Geneva Missions are given preference. 
3.30.  The beneficiary Mission establishes a general description of the assignment in advance. A 
more detailed programme of work for each intern is prepared by the Permanent Representative of 
the Mission in Geneva, after the candidate has been selected. 
3.31.  The general duties might include: 
a. assistance in collection, analysis, interpretation and organization of material of interest 
to the Mission; 
b. assistance in the preparation of meetings of WTO bodies, including attendance and 
follow-up of such meetings; 
c. assistance in preparation of reports for the capital, documents and communications of 
economic and/or legal nature related to the WTO; 
d. assistance in other tasks undertaken by the Mission. 
3.32.  The evaluation of the intern's work by the Mission takes place at mid-term and at the end of 
the assignment and is shared with the WTO. Further evaluation of the usefulness of this programme takes place one year after the end of the internship. WT/BFA/W/334 
- 31 - 
  3.33.  In 2013, this fund financed the costs rela ted to 39 interns (of which seventeen had started 
in 2012) from the following countries: Bhutan, Botswana, Burkina Faso, Central African Republic, Côte d'Ivoire, Cuba, Djibouti, Fiji, Georgia, Haiti, Honduras, Jamaica, Kyrgyz Republic, Lesotho, Maldives, Myanmar, Namibia, Nepal, Nicaragua, Pakistan, Sierra Leone, Solomon Islands, 
Sri-Lanka, Sudan, Tajikistan, Tanzania, Togo, Trinidad and Tobago, Vietnam and Yemen and 
Zambia. 
3.34.  Ireland also financed a study tour to Irelan d for all the participants to the Mission Internship 
Programme in 2013. 
Table 12. Mission Internships Programme (TIMM1) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January  1,909,141 1,676,119 
Contributions received  801,800 1,157,782 
Interest earned  1,136 5,759 
Total funds 2,712,077 2,839,659 
Total expenditures  (1,306,621) (930,518) 
Balance as at 31 December  1,405,456 1,909,141 
 
3.3  Netherlands Trainee Programme (TNL05) 
3.35.  The Netherlands Trainee Programme was launched on 1 April 2005 and was to be completed 
by 31 December 2008. In November 2008, the Government of the Netherlands extended the period of application of the arrangement for four  more years, i.e. until the end of 2011. In 2013 
the WTO was given authority to continue to expend the remaining balance from the prior 
arrangement and a new multiyear arrangement was signed to continue the programme from 2014 to 2017. 
3.36.  The objective of the Programme is to generate tangible, measurable and lasting capacity 
building in areas related to trade policy in least-developed countries, low income countries and comparable poor and vulnerable economies with particular attention given to African countries to assist in their economic and social development. 
3.37.  The Programme provides junior public officials with the opportunity to learn about matters 
dealt with in the WTO. The target group of candidates who can qualify for the Programme are junior professionals from trade and development-re lated ministries, private sector organizations, 
university graduates, participants in trade policy courses and other suitable candidates with 
adequate knowledge of the WTO. 
3.38.  Trainees spend a total period of up to ten months with the WTO and are expected to 
complete well defined tasks in that period which are relevant for the beneficiary country in terms 
of capacity building and/or in the on-going negotiations. Examples include: 
a. undertaking a needs assessment for identifying priorities for technical assistance and 
training, based on the guidelines established to that effect; 
b. contributing to the attainment of the Doha Round, e.g. tabling an initial or improved 
offer in services; 
c. fulfilling outstanding notification obligations and assisting in the implementation of 
commitments for new, recently acceded Members; 
d. assisting acceding countries in this process; 
e. assisting in the preparation of trade policy reviews; 
f. undertaking other tasks, which would contribute to a better and fuller participation of the 
beneficiary country in the Multilateral trading System (MTS); 
g. assisting WTO Divisions in specific tasks. 
3.39.  The candidates are selected by the Secretar iat, from applications and nominations proposed 
by the beneficiary countries. WT/BFA/W/334 
- 32 - 
  3.40.  Trainees work full-time like Secretariat staff members and carry out tasks and duties 
assigned to them but with no expectancy of renewal or extension of the traineeship beyond ten months. Following the completion of their assignments, trainees are expected to provide an evaluation report with detailed information of the tasks accomplished and an assessment of their 
relevance for the candidate and the beneficiary country. 
3.41.  The total number of trainees who have benefited from the Programme since its launch in 
April 2005 reached 114 at the end of 2013. 
3.42.  The trainees who were on board during 2013 were from Azerbaijan, Bangladesh, Benin, 
Botswana, Burundi, Cambodia, Congo, Côte d'Ivoire , Dem. Rep. of Congo, Guinea, Laos, Liberia, 
Mali, Samoa and Rwanda. 
3.43.  Fifteen new trainees are scheduled to take up their duties in early 2014. 
Table 13. Netherlands Trainee Programme (TNL05) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 1,053,603 25,535 
Contributions received - 1,793,909 
Interest earned  353 1,561 
Total funds 1,053,956 1,821,005 
Total expenditures (911,007) (767,402) 
Balance as at 31 December 142,949 1,053,603 
 
3.4  Trade Facilitation Trust funds – Window I – Participation of Capital-based Officials 
in the Negotiating Group Meetings (TTFNG) 
3.44.  The mandate for WTO negotiations on trade facilitation provides that technical assistance 
should be provided during the negotiations to ensure that developing and least-developed 
countries fully participate in and benefit from the negotiations. (WT/L/579 – Annex D- adopted in July 2004) Paragraph 5 of the Mandate states: 
a. It is recognized that the provision of technical assistance and support for capacity 
building is vital for developing and least-developed countries to enable them to fully 
participate in and benefit from the negotiations. Members, in particular developed countries, therefore commit themselves to  adequately ensure such support and 
assistance during the negotiations. 
3.45.  In connection with this paragraph, paragr aph 38 of the Doha Ministerial Declaration also 
addresses relevant technical assistance and capacity building concerns of Members. 
3.46.  Negotiations on Trade Facilitation are co nducted through meetings of the Negotiating Group 
on Trade Facilitation (NGTF) which consists of representatives of all WTO Member and Observer countries. African and LDC countries have continuously stressed the importance of technical assistance to bring specialists from their capitals to advice on the technical issues during these 
meetings. The discussions in the NGTF focus on proposals concerning border fees and formalities, 
transparency issues, transit and special and differe ntial treatment. Because of the technical nature 
of these proposals, most developed and advanced developing countries bring experts from their 
capitals, especially customs officials, to participate in the meetings and advise the negotiator on 
technical issues. Participation by capital-based expert officials not only provides more effective responses to issues raised during the meeting but also results in more effective support from the 
capital due to increased understanding of the negotiation proposals and process. Bringing technical 
specialists from African and LDC countries allows them to negotiate actively on the technical issues as well. 
3.47.  This programme began in 2008. In order to ensure that the appropriate officials 
participated, each African and LDC countries were asked to nominate two officials that met certain WT/BFA/W/334 
- 33 - 
  qualifications. The WTO Secretariat reviewed the nominations and selected the most qualified 
person from each country. The letter of invitation set out the following qualifications: 
a. fluent in reading, speaking and working in  one of the three WTO official languages; 
b. supports the national Geneva negotiator in the WTO trade facilitation negotiations; 
c. has technical expertise in the customs-related measures that are under negotiation; 
d. has participated in, or will participate in, the national WTO trade facilitation needs 
assessment; 
e. is available for the dates of the NGTF meeting and will participate if selected. 
3.48.  The WTO Secretariat invited officials to pa rticipate in two meetings of the NGTF in 2013 as 
follows: 
a. 54 participants participated in the NGTF meeting held 21-24 May 2013. 
b. 34 participants participated in the NGTF meeting held 15-20 July 2013. 
3.49.  According to African and LDC negotiators th is programme is crucial to ensure that their 
countries participate fully and effectively in the negotiations. Many delegates have remarked that 
not only has the number of countries active in the negotiations improved but the technical level of 
the involvement has improved and has gone well beyond the traditional interventions in the area of special and differential treatment. This was due to increased understanding and awareness of 
the negotiations in large part because of this programme as well as the WTO Trade Facilitation 
Needs Assessment Programme. 
Table 14. Trade Facilitation–Participation of Capital-based Officials in the Negotiating 
Group Meetings (TTFNG) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 334,606 262,961 
Transfer from Trade Facilitation Needs Assessment Fund - 74,482 
Contributions received  398,874 513,684 
Interest earned  218 602 
Total funds 733,698 851,729 
Total expenditures  (378,586) (517,123) 
Balance as at 31 December 355,112 334,606 
 
3.50.  Both donors and recipient countries have expressed an interest in continuing this 
programme in 2014 taking into consideration the outcome at Bali. 
3.5  Trade Facilitation National N eeds Assessments Trust fund (TTFNA) 
3.51.  In the context of negotiations on trade fa cilitation, Members are encouraged to assess their 
trade facilitation needs and priorities. To assist developing and LDC Members in this endeavour the Trade Facilitation National Needs Assessments Trust Fund provides technical assistance to eligible Members. The fund, originally in operation between 2007 and 2010, was, at the request of 
Members, reactivated in 2012. New contributions to the fund began to arrive at the end of 2012. 
In 2013 this fund received total contributions of CHF 1.28 million and 38 activities were implemented. Activities and further contribu tions are expected to continue into 2014. WT/BFA/W/334 
- 34 - 
  Table 15.Trade Facilitation National Needs Assessments Trust fund (TTFNA) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 507,429 400,988 
Contributions transfer to TTFNG - (74,481) 
Contributions received 1,279,648 234,750 
Contribution reimbursement United Kingdom - (56,232) 
Interest earned  645 1,147 
Total funds 1,787,722 506,172 
Total expenditures  (1,132,357) 1,256 
Balance as 31 December 655,365 507,429 
 
3.6  Ministerial Conference – Participat ion of Least-Developed Countries (TMI09) 
3.52.  Starting with the 1st WTO Ministerial Conference held in Singapore in 1996, the WTO 
Secretariat has facilitated the participation of Least-Developed Countries (LDCs) in the Ministerial 
Conferences, thanks to voluntary contributions p ooled into a special extra-budgetary fund. Costs 
related to air travel, accommodation and per diem allowances of LDC delegations comprised of one minister and two high level officials are covered. 
Table 16.Ministerial Conferen ce – Participation of Least-Developed Countries (TMI09 
&TMI08) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 391,096 386,321 
Contributions received  197,120 4,493 
Interest earned  282 1,235 
Total funds 588,498 392,049 
Total expenditures (588,498) (953) 
Balance as at 31 December - 391,096 
 3.53.  At the end of a given Ministerial Meeting, the remaining balances in favour of the various 
donors are traditionally carried forward and added to the new contributions to be utilized for the 
same purpose in the subsequent Conference unless the donor requests a reimbursement. 
However, at the end of 2013 the fund was fully depl eted covering expenses for the Bali Ministerial 
Conference. A call for contributions will be necessary in anticipation of the 10th Ministerial Meeting planned for 2015 if Members wish to continue this initiative. 
3.7  Standards and Trade Development Facility (TWB01) 
3.54.  The Standards and Trade Development Facili ty (STDF) is a global partnership and trust 
fund, established by the Food and Agriculture Organization (FAO), the World Organization for 
Animal Health (OIE), the World Bank, the World Health Organization (WHO) and the WTO, that 
supports developing countries in building capacity to implement international sanitary and phytosanitary (SPS) standards, guidelines and recommendations as a means to improve their 
human, animal and plant health status and ability to gain and maintain access to markets. Other 
organizations involved in SPS-related technical cooperation, donors contributing to the STDF and developing country experts participate actively in the Facility's work.2 The STDF is managed and housed by the WTO. 
3.55.  In line with STDF's new strategy, various efforts were undertaken to further strengthen the 
STDF as a knowledge platform for information exchange, sharing experiences and the identification and dissemination of good practice, including in  Working Group meetings. The Secretariat also 
participated in a number of other events to share information and experiences and foster 
                                               
2 Further information on the STDF and its activities , background documents, et c. is available on the 
STDF website ( http://www.standardsfacility.org/en/index.htm ). WT/BFA/W/334 
- 35 - 
  collaboration and coherence in the development and implementation of SPS-related technical 
cooperation. 
3.56.  Throughout the year, a wide variety of proposals and ideas for projects were received and 
discussed with potential beneficiaries, ranging from one-page concept notes to fully-fledged 
project documents. Officially, 20 applications for project preparation grants (PPGs) and 15 project 
applications were received. The STDF Working Group accepted eight PPGs and approved four 
projects for funding. The total STDF contribution to these projects amounted to US$3,866,526, 
which was higher than estimated at the start of the year (i.e. US$2.8 million). All projects were 
collaborative, innovative and/or regional in nature. More and recurrent PPG applications could be expected if bilateral donors would be able to increasingly (co-)fund resultant projects. 
3.57.  Seven projects were completed and achieved good immediate results. The STDF continued 
to meet its target to dedicate at least 40% of its project resources to least-developed countries 
(LDCs) and other low income countries (OLICs). Monitoring project implementation, however, remained challenging and resource-intensive. 
Table 17. Standards and Trade Development Facility (TWB01) 
Financial Report Summary (CHF) 2013   2012 
Funds as at 1 January 9,800,069 7,343,128 
IPSAS adjustments - 3,513,556 
Contributions received 3,605,765 4,528,188 
Interest earned  4,851 9,856 
Total funds 13,410,686 15,394,728 
Total expenditures  (4,085,222) (5,594,659) 
Balance as at 31 December 9,325,4643 9,800,069 
 
3.8  China LDCs and Accessions Programme (TCLAP) 
3.58.  In July 2011, China contributed to the establishment of "China's LDCs and Accessions 
Programme", to help strengthen LDC Members participation in the WTO activities and also to help 
acceding LDCs to improve their capacity for accession. Funds received amounted to CHF 333,200 
but activities started only in 2012. 
3.59.  In November 2012 the WTO received CHF 372,000. This helped to finance in 2013 an LDC 
Accession Round Table Workshop in Laos, two Meetings and 5 internships. An additional 
contribution of CHF 362,800 was received in December 2013 putting the fund in a solid position to fund activities in 2014. 
Table 18 China LDCs and Accessions Programme (TCLAP) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 400,961 333,777 
Contributions received  362,800 372,000 
Interest earned  298 591 
Total funds 764,059 706,368 
Total expenditures 287,449 (305,407) 
Balance as at 31 December 476,610 400,961 
 
3.9  Enhanced Integrated Framework Executive Secretariat (TIFES) 
3.60.  The Enhanced Integrated Framework (EIF) is an initiative to provide trade-related technical 
assistance to the world's poorest countries as a means of integrating them more fully into the 
                                               
3 At the end of 2013 the STDF had contracted commitments of CHF 5,664,683 and additional 
un-contracted commitments of CHF 4,137,231 leaving an effe ctive negative balance in terms of funds available 
to be allocated to new projects. WT/BFA/W/334 
- 36 - 
  multilateral trading system. Its Executive Secretariat is housed at the WTO, which was officially 
established in 2008. The International Bank for Re construction and Development, the International 
Monetary Fund, the International Trade Commission,  the United Nations Conference on Trade and 
Development, the United Nations Development Programme and the World Trade Organization 
(collectively "EIF Agencies"), EIF Least-Developed Countries ("EIF LDCs") and all donors constitute 
the partners of the EIF. The EIF is regarded as one of the most successful initiatives under the overall umbrella of Aid for Trade. 
3.61.  EIF funding is channelled through two source s: the multilateral EIF Trust fund managed by 
the United Nations Office for Project Services (U NOPS) and bilateral/regional donor support direct 
to the beneficiary countries. The EIF trust fund makes an annual allocation to the WTO to cover the operating expenditures of EIF Executive Secretariat, administratively housed at the WTO. 
Table 19. Enhanced Integrated Fram ework Executive Secretariat (TIFES) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 1,708,969 1,132,858 
IPSAS adjustments - 642,910 
Contributions received 3,931,499 3,958,303 
Interest earned 1,776 4,217 
Total funds 5,642,244 5,738,288 
Total expenditures  (4,460,059) (4,029,319) 
Balance as at 31 December 1,182,185 1,708,969 
 
3.10  Independent Entity – Pre-Shipment Inspection – Deposits (T0013) 
3.62.  Independent Entity (IE) is a mechanis m for settling disputes between exporters and 
pre-shipment inspection companies/agencies, cons tituted by the WTO, International Chamber of 
Commerce (ICC) and International Federation of In spection Agencies (IFIA) and established under 
Article 4 of the Agreement on Pre-shipment Inspection. 
3.63.  Deposit payments from the following pre-shipment inspection companies have been 
received to cover the estimated costs of an in dependent review in the event of a dispute as 
required by the terms of reference of the Agr eement: Bureau Veritas International, Cotecna 
Inspection Limited, Inspectorate Griffith Limited,  Inchcape Testing Services International Limited. 
Table 20. Independent Entity – Pre-Sh ipment Inspection – Deposits (T0013) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January  88,237 88,263  
Interest earned 27 - 
Total funds 88,264 88,263  
Total expenditures (80) (26) 
Balance as at 31 December 88,184 88,237  
 
3.11  Programme Support Fund (EPSF1) 
3.64.  Up until 1999, the 13% overhead fees charged on direct costs incurred in all trust funds 
administered by the WTO were being credited to the regular budget as miscellaneous income. Since then, they are being channelled through a special fund created to collect them, the 
Programme Support Fund (PSF). According to its te rms of reference, the funds should be used to 
finance expenses of a general nature, i.e. not related to any specific technical assistance project, which support technical assistance activities of the WTO as a whole. In this connection, it should 
be noted that this is due to the fact that, curre ntly, the WTO does not have the means to evaluate 
and underwrite the administrative support staff costs as direct charges to each extra-budgetary fund. WT/BFA/W/334 
- 37 - 
  3.65.  The WTO may share the 13% overhead fees charged to various trust funds that it manages 
with implementing partners. 
3.66.  Ten % of the expenses in the PSF is statutorily credited back to the WTO regular budget as 
a token contribution in recognition of the fact that the Organization's resources are being used for 
the delivery of the technical assistance activities financed from the extra-budgetary funds. 
3.67.  In 2013, expenses in the PSF corresponded mainly to fixed-term and short-term contracts 
for professional or support staff performing back-office duties relating to the delivery and the 
administration of technical assistance activities. 
3.68.  The fixed-term and short-te rm contracts financed from PSF in cluded the following positions: 
a. Five fixed term support staff members in the ITTC of which two in Logistics Unit; 
b. three fixed term support staff members in the Budget and Finance Section; 
c. three fixed term professional staff members in the Economic Research and Statistics 
Division; 
d. two fixed term support staff members in the Informatics Division; 
e. one short term support staff member in the Human Resources Division. 
Table 21. Programme Support Fund (EPSF1) 
Financial Report Summary (CHF) 2013 2012 
Funds as at 1 January 872,433 1,077,081 
IPSAS adjustments - (328,918) 
Overhead fees collected 2,383,906 2,544,062 
Overheads – Shared with Partners (118,255) - 
Total funds 3,138,084 3,292,225 
Total expenditures (2,140,257) (2,419,792) 
Balance as at 31 December  997,827 872,433 
 WT/BFA/W/334 
- 38 - 
  4  FINANCIAL STATEMENTS 
4.1  Management letter of representation 4.1.  The Management of the WTO Secretariat is responsible for these financial statements, which 
have been prepared in accordance with the Organi zation's Financial Regulations and Rules, and the 
decision of the General Council to implement International Public Accounting Standards in 2013. 
The financial disclosures in this report are intended to fairly present the Organization's financial results in a manner that is complete and understandable. 
4.2.  The Management is responsible for establishing and maintaining adequate internal control 
over financial reporting so as to provide reasonable assurance regarding the reliability of these financial statements for external purposes. This includes policies and procedures that 1) provide for the maintenance of records that accurately and fairly reflect the transactions of the 
Organization, 2) provide reasonable assurance that  transactions are authorized and recorded in 
compliance with the Organization's Financial Regulations and Rules and 3) provide reasonable assurance regarding the prevention or timely detection of unauthorized acquisition, use or 
disposition of the Organization's assets. However, due to the inherent limitations of internal control 
over financial reporting, these controls may not prevent or detect all misstatements. 
4.3.  Based on the above, the Management has concluded that these financial statements present 
fairly the Organization's financial position and performance as of 31 December 2013. These 
statements have been audited by external audi tors appointed by the General Council, and their 
report appears on the following page. 
 
 
  (signed) (signed) 
__________________________________ 
 __________________________________ 
 
 
 
 Roberto Azevêdo Tristan Bauswein  Director-General Director 
  Administration and General Services Division WT/BFA/W/334 
- 39 - 
  4.2  Opinion of the external auditor 
- THE FRENCH REPUBLIC - 
 
COUR DES COMPTES 
FIRST PRESIDENT 
 
 
  Paris, 31 July 2014 
  To Mr Roberto Azevêdo, 
Director-General of the World Trade Organization 
 . 
 
 
OPINION OF THE EXTERNAL AUDITOR 
  We have examined the financial statements of the World Trade Organization (WTO) for the year ended 31 December 2013, which comprise statements on the financial situation and financial 
performance, the statement of changes in net asse ts, the cash flow statement, as well as the 
summary of principal accounting practices and othe r explanatory notes. These financial statements 
were prepared under the responsibility of the WTO management. It falls to us, on the basis of our 
audit, to express an opinion on the financial statements. 
 We conducted our audit in accordance with International Standards on Auditing (ISA). 
These standards require that our work be organized and implemented in such a way as to obtain a 
reasonable assurance that the financial statements contain no significant inaccuracy. An audit consists, inter alia , in randomly reviewing the documents su bmitted in support of the amounts and 
other data shown in the financial statements. It also involves evaluating the accounting principles 
applied and the significant estimates made by the WTO management, and assessing the overall 
presentation of the financial statements. We consider that the audit that we have conducted constitutes a reasonable foundation on which to base our opinion. 
 
Contrary to International Public Sector Acco unting Standard (IPSAS) 8 on joint ventures, 
the financial statements do not consolidate the accounting data relating to the International Trade 
Centre, an agency for technical cooperation that operates under the equal responsibility of the 
WTO and the UN.  Subject to this reservation, we certify that the financial statements accurately reflect the financial 
position of the WTO as at 31 December 2013 and th e result of the operations and cash flows for 
the financial year ended on that date, in accordan ce with IPSAS or, where such standards have not 
yet been defined, with international financial standards (IFRS/IAS). 
 
  
 
Didier MIGAUD 
  WT/BFA/W/334 
- 40 - 
  4.3  Financial statements 
Table 22 Statement of Financial Position 
Statement of financial Position 
WORLD TRADE ORGANIZATION 
Expressed in '000 CHF 
Note 31/12/2013 31/12/2012 
restated  
ASSETS 
Current assets 
Cash and cash equivalents 4                        83,525              88,269  
Receivables from Members 5                        12,732              12,551  
Receivables from Observers 5                             564                   209  
Inventories 6                             398                   438  
Other receivables 7                          5,557                4,642  
Advances and prepayments 8                          5,042                4,422  
Total Current Assets                   107,818          110,531  
Non -current assets Building 9
                     119,091              49,697  
Work in Progress - Building 9                                  -              68,087  
Work in Progress - Equipment 9                          2,044              12,264  
Equipment 9                        16,850                3,208  
Intangible assets 10                             346                   483  
Pension Plan Assets 14                      441,268            397,450  
Total  non-current assets                   579,599  531,189  
Total assets                   687,417  641,720  
LIABILITIES 
Current liabilities 
Payables 11                          3,736                9,559  
Accruals 11                          1,169                2,378  
Assessed contributions received in advance 12                          7,975              12,974  
Voluntary Contributions refundable to donors 13                        33,616              31,315  
Short-term employee benefits 14                        12,666              12,256  
Grant 15                                  -              12,593  
Total current liabilities                     59,162  81,075  
Non-current liabilities Loan  15
                       58,800              60,000  
Pension benefits 14                      852,696            945,793  
After Service Health Insurance Benefits 14                      247,100            270,471  
Other Long-term employee benefits 14                          9,013                8,900  
Provision for right of use - CWR 9                        49,091              49,697  
Funds 17                          6,004              12,154  
Total non-current liabilities                1,222,704  1,347,015  
Total liabilities                1,281,866  1,428,090  
Net assets/equity                (594,449)      (786,370)  
NET ASSETS/EQUITY   Working Capital Fund 16                        10,616              10,502  
Actuarial gain/(loss) 14                      155,465            (41,415)  
Accumulated surplus                    (760,531)         (755,456) 
Total net assets/equity                (594,449)      (786,369)  WT/BFA/W/334 
- 41 - 
  Table 23 Statement of Financial Performance 
WORLD TRADE ORGANIZATION    
    
Statement of Financial Performance    
Expressed in '000 CHF    
 Notes 31/12/2013 31/12/2012 
restated  
 REVENUE     
Contributions assessed on Members 18  195,551   195,766  
Contributions of Observers 18  711   844  
Voluntary contributions on trust funds 18  20,992   21,938  
Revenue from publications 18  343  354 
Other revenue 18  309   962  
Extraordinary revenue MTOF 18  6,518   7,108  
Income portion of grant received 18  12,973   -  
WTO Pension Plan revenues 18  18,358   21,579  
    
Total revenue  255,755 248,551  
    
EXPENSES   Staff Expenditure 19  (184,567)  (189,883)  
Temporary Assistance 19  (23,675)  (23,335)  
Supplies and other General Service Costs 19  (16,796)  (17,105)  
Travel & Hospitality 19  (12,683)  (11,771)  
Implementing Partners 19  (4,662)  (7,133)  
Contribution to ITC 19  (18,068)  (18,911)  
Ministerial Conference Operating Fund (var.) 19  600   (600)  
Appellate Body Operation Fund (var.) 19  (909)  53  
Depreciation and write offs 19  (4,740)  (1,713)  
Provision for contribution in arrears 19  4,226   1,321  
Depreciation of provision for right of use - CWR 19  606   606  
Finance Costs 19  (34)  (35) 
Loss/Profit on foreign exchange transactions  19  (128)  58  
  Total expenses   (260,830)  (268,448)  
    
Surplus/(deficit) for the period   (5,075)  (19,897)  
 
  WT/BFA/W/334 
- 42 - 
 
  Table 24 Statement of Changes in Net Assets/Equity 
WORLD TRADE ORGANIZATION 
AS AT DECEMBER 31, 2013 (CHF) 
Expressed in '000 CHF 
Notes  Working 
Capital 
fund 
(WCF) Actuarial 
loss Accumulated 
Surplus/Deficit  Total Net 
Assets/Equity  
 
Balance at 31/12/2012 10,502  (41,415)   (755,456)  (786,368)  
Increase in WCF  114    114  
Actuarial (loss)/gain   196,880    196,880  
Surplus/Deficit for the period   (5,075)  (5,075)  
Balance at 31/12/2013 10,616  155,465       (760,531)  (594,449)  WT/BFA/W/334 
- 43 - 
  Table 25 Cash Flow Statement (Indirect method) 
WORLD TRADE ORGANIZATION 
  AS AT DECEMBER 31, 2013 (CHF) 
Expressed in '000 CHF 2013 2012 
Cash flows from operating activities 
   
Surplus/Deficit from ordinary activities  (5,075)  (19,897)  
Depreciation and amortisation  4,740   1,713  
Depreciation of provision for right of use - CWR  (606)  (606)  
Provision for contribution in arrears  (4,226)  (1,321)  
(Increase) / decrease in receivables from Members and Observers  3,690   2,269  
(Increase) / Decrease in inventories  40   32  
(Increase) / Decrease in other receivables  (915)  (2,045)  
(Increase) / Decrease in pension assets  (43,818)  (47,689)  
(Increase) / Decrease in advances and prepayments  (620)  2,453  
Increase / (Decrease) in payables  (5,823)  4,320  
Increase / (Decrease) in accruals  (1,209)  431  
Increase / (Decrease) in contributions received in advance  (4,999)  5,319  
Increase / (Decrease) in voluntary cont ributions refundable to donors  2,301   4,482  
Increase / (Decrease) in grant  (12,593)  7,845  
Increase / (Decrease) in employee benefits  (115,945)  128,063  
Increase / (Decrease) in funds  (6,150)  (6,548)  
Actuarial Gain / (Loss)  196,880   (41,415)  
Net cash flows from oper ating activities  5,672   37,407  
   
Cash flows from investing activities   
Purchase of property, plant and equipment  (9,317)  (37,485)  
Purchase of intantgible assets  (15)  (465)  
Net Cash flows from investing activities  (9,332)  (37,950)  
   
Cash flows from financing activities   
Increase of loans  (1,200)  22,649  
Increase in Working Capital Contributions  114   377  
Net cash flows from financing activities  (1,086)  23,026  
   
Net Increase /(Decrease) in cash and cash equivalents  (4,745)  22,483  
   
Cash and cash equivalents at beginning of period  88,269   65,787  
   
Cash and cash equivalents at end of period  83,524   88,270  WT/BFA/W/334 
- 44 - 
  4.4   Notes to the financial statements 
4.4.1  Note 1 Accounting policies 4.4.1.1  Basis of preparation 4.4.  The financial statements of the Secretariat of the World Trade Organization (WTO) have been 
prepared on the accrual basis of accounting in accordance with the International Public Sector 
Accounting Standards (IPSAS). Where IPSAS are silent concerning any specific standard, the appropriate International Financial Reporting Standards (IFRS) are applied. 
4.4.1.2  Consolidation 
4.5.  The International Trade Centre UNCTAD/WTO (ITC) is the joint technical co-operation agency 
of the United Nations (UN) and the WTO for Trade Related Technical Assistance (TRTA). Originally created by the General Agreement on Tariffs and Trade (GATT) in 1964, ITC has operated since 
1968 under the joint aegis of GATT/WTO and the UN, the latter acting through the United Nations 
Conference for Trade and Development (UNCTAD). ITC is the focal point for technical assistance and cooperation activities in the trade promotion field, within the UN system of assistance to 
developing countries, as affirmed by the Economic and Social Council in its resolution 1819 (LV) of 
9 August 1973. 
4.6.  ITC is a jointly controlled entity as define d by IPSAS. In compliance with the administrative 
arrangements agreed to by the WTO General Co uncil and the UN General Assembly, ITC follows 
the UN financial rules and regulations The UN has planned to adopt IPSAS by 2014. ITC is therefore planning to produce IPSAS compliant financial statements by 2014. Their financial statements are therefore not consolidated at this stage.  
4.4.1.3  Foreign currency 
4.7.  The functional and reporting currency of  the WTO is Swiss francs (CHF). Transactions 
denominated in foreign currencies (other than assessed contributions from Members and 
Observers), are converted into CHF using the official  United Nations exchange rate at the date of 
the transaction. For assessed contributions receiv ed in a currency other than CHF, they are 
converted and credited at the bank rate of exchan ge applicable at the value date. Monetary assets 
and liabilities in currencies other than CHF are tran slated into CHF at the year-end United Nations 
exchange rate. 
4.8.  Foreign exchange gains and losses resulting from the settlement of foreign transactions and 
from the translation at year-end UN exchange rate of monetary assets and liabilities in foreign 
currencies are recognised in the statement of financial performance. 
4.4.1.4  Segment reporting 4.9.  A segment is a distinguishable activity or group of activities for which financial information is 
reported separately. WTO activities are classified into two segments: i) regular budget & ii) trust 
funds. 
4.4.1.5  Use of estimates 
4.10.  The preparation of financial statements includes the use of accounting estimates as well as 
management assumptions and judgement. The areas where estimates are used include but are not limited to post-employment benefits obligations, provisions for litigation, accrued charges, financial risks on inventories and accounts receivable, expenses relating to the International Trade Center 
and International Computing Center contributions, contingent assets and liabilities and the degree 
of impairment of fixed assets. Actual results could differ from these estimates. Changes in estimates are reflected in the period to which they become known. WT/BFA/W/334 
- 45 - 
  4.4.1.6  Cash and cash equivalents 
4.11.  Cash and cash equivalents comprise cash in hand and cash accounts at banks. Cash and 
cash equivalents that can only be used for a specific purpose (Working Capital Fund) are considered as restricted. 
4.12.  The Cash flow statement is prepared using the indirect method. 
4.4.1.7  Receivables 4.13.  Receivables are recognised at nominal value less any allowances for estimated irrecoverable 
amounts. Discounting on receivables is not applied unless the effect is significant. 
4.14.  The methodology of provision for assesse d outstanding contributions from Members and 
Observers is based on the number of years of outs tanding contributions aligned to the principles 
established by the General Council on Administrative Measures. 
Table 26 Level of Provisions on Outstanding Contributions 
Members and Observers with outstanding 
contributions at year-end Level of the provision 
> 3 years 100% 
> 2 years 75% 
> 1 year 50% 
≤ 1 year 0% 
 
4.4.1.8  Advances and prepayments 
4.15.  Discounting on advances and prepayments is  not applied unless the effect is significant. 
4.4.1.9  Inventories 
4.16.  Inventories include the value of publicat ions and souvenirs held for sale and the ones 
distributed free of charge. The cost of acquired publications and souvenirs include the purchase 
price as well as the transport costs. The cost of publications produced in house includes the costs 
of supplies (paper), the cost of the rental of eq uipment (including maintenance and ink) as well as 
the labour cost. For in house publications sent to our distributor storage place, the cost includes 
also the transportation costs. The cost of inventor ies is assigned in line with the weighted average 
cost formula. 
4.17.  An annual physical inventory is conducted for the stock of publications and souvenirs held in 
house and at our distributor storage. At the end of each year, items either damaged or obsolete 
are written off to reflect net realizable value. 
4.4.1.10  Property, plant and equipment 4.18.  Property, plant and equipment is recogn ised at historical cost less any accumulated 
depreciation and impairment loss. The following thresholds are defined for the recognition of 
Property, plant and equipment: 
 Any asset with a value above CHF 5,000 is full y capitalized when acquired individually. 
 Any asset with a value above CHF 2,500 is fully capitalized when acquired as part of a lot 
with a total value above CHF 50,000. 
 Any asset, irrespective of its value, is fully capitalized when acquired as part of a lot with 
a total value above CHF 500,000. Moreover any internally developed software is 
capitalized if the value exceeds CHF 500,000. Otherwise, it is considered as an expense. 
4.19.  Property is recognised at cost. All classes of equipment have been recognised 
retrospectively, except for furniture. Only furniture equipment acquired since 2007 has been 
accounted for in the opening balance. The Organization is using for this class of asset the WT/BFA/W/334 
- 46 - 
  transitional provision (IPSAS 17, para 95). The Orga nization has also not been able to recognised 
the directly attributable costs of an equipment (such as consulting costs) when they were separately invoiced. 
4.20.  In kind contributions relating to property , plant and equipment, such as the donated surface 
right to use the land (droit de superficie) on which WTO headquarters stand, are recognised in the 
financial statements and disclosed in the notes. 
4.21.  Depreciation is provided for property, plan t and equipment over their estimated useful life 
using the straight line method, except for land which is not subject to depreciation. In the context 
of the building project, buildings and eq uipment are depreciated since 1 January 2013. 
4.22.  The useful of major classes of assets have been estimated as follows: Table 27 Class of Assets 
Class Estimated useful life (years) 
CWR Building 99 years 
Building structure 50 years 
Building carpentry 25 years 
Waterproofness, restoration, elevator 15 years 
Furniture 10 years 
Reproduction equipment 5 years or 10 years 
Audio-visual equipment 10 years 
Computer equipment 4 years 
Security equipment 10 years 
Artwork 10 years 
Windows and Heating 25 years 
Vehicles 5 years 
 
4.23.  Damaged assets are impaired at year-end based on information received. 
4.24.  Heritage assets such as donated work of arts are not recognised in the financial statements. 4.4.1.11   Intangible Assets 
4.25.  Intangible assets are stated at historical cost less accumulated depreciation and impairment 
losses. Depreciation is provided over the estimated useful life (4 years) using the straight line method. Licence rights lasting one year are expensed during the year. 
4.26.  Maintenance and upgrade costs imposed by the software company or other external factors 
are recognised as expenditure. The cost of software bought with hardware is included in the 
hardware cost. 
4.27.  Copyrights, preproduction costs for publications, WTO website costs and internal and 
external development costs for databases are not recognised as intangible assets. 
4.4.1.12  Employee benefits 4.28.  WTO employee benefits are classified as follows: 
a. Short-term employee benefits are due to be settled within 12 months of the reporting 
date and are measured at their nominal values based on accrued entitlements at current rates of pay. They include first-time employment benefits (installation grants), regular monthly benefits (wages, salaries, and allowances), compensated absences (paid sick 
leave or maternity leave), untaken annual leave and other short-term benefits for 
international staff (education grant, home leave). WT/BFA/W/334 
- 47 - 
  b. Post-employment benefits comprise the estima ted actuarial liability of defined-benefit 
plans for retirement benefits and the Afte r Service Health Insurance cover (ASHI). 
4.29.  The actuarial liability is the present value of the defined benefit obligations (relating to 
pension and ASHI) at the reporting date. Similarly, the fair value of the WTO pension fund is 
shown among the non-current assets of the Financial Statements. 
4.30.  The WTO Pension Plan is a separate entity  with its own management, governance processes 
and reporting mechanisms to the General Council. It produces its own financial statements that 
are reported and approved by the General Council , independently from the financial statements 
from the WTO Secretariat. 
4.31.  The benefit obligation is calculated annually by an independent actuary using the projected 
unit credit method. The actuarial gains or losses arising from experience adjustments and changes 
in actuarial assumptions are recognized immediately in net assets. 
4.32.  Post-employment benefits include also removal indemnities for international staff and 
separation grants. They are calculated in house and are discounted using the same rate as the one 
used for the valuation of pension plan and ASHI. 
4.4.1.13  Provisions and contingent liabilities 4.33.  Provisions are made for future liabilities and charges where the WTO has a present legal or 
constructive obligation as a result of past events and it is probable that the WTO will be required to 
settle the obligation. 
4.34.  Other commitments, which do not meet the recognition criteria for liabilities, are disclosed 
in the notes to the financial statements as contingent liabilities when their existence will be 
confirmed only by the occurrence or non-occurrence of one or more uncertain future events which 
are not wholly within the control of WTO. 
4.4.1.14  Tax 
4.35.  The WTO assets, income and other property are exempt from all direct taxation. 
4.4.1.15  Revenue recognition 4.36.  Revenue from assessed contributions as well as voluntary contributions are recognised as 
non-exchange transactions as per IPSAS 23. 
a. Assessed contributions are recognised as reve nue at the beginning of the year to which 
they relate. 
b. Voluntary contributions received at the WTO are with conditions on their use. At the 
reception of the funds, the WTO recognises therefore an asset and a liability (voluntary 
contributions refundable to donors). Revenue is recognised as the condition liability is 
discharged when carrying out the specified performance. Voluntary contributions are 
therefore recognised up to the amount expensed in the period. 
4.37.  Revenue from exchange transactions (mainly sale of publications, interests earned and 
rental of meeting rooms) is recognised as goods or services are delivered. 
4.38.  In kind contributions of services are not recognised in the financial statements. 
4.4.1.16  Expenses 4.39.  Under accrual accounting, expenses are reco gnised at the time of delivery of goods or 
services by the supplier or service provider. The al location of the expenses to the period to which 
they relate is calculated for one year service above 10,000 CHF or multi-year services above 
5,000 CHF per year. WT/BFA/W/334 
- 48 - 
  4.40.  The WTO signs agreements with partners to implement trade related technical assistance 
activities. Recognition is based on the delivery princi ple. Most of the projects relate to activities 
which last a maximum of two months. For multi-year projects, the recognition principle is based on the disbursement as disbursement is made upon validation of progress reports and corresponds to 
the costs incurred by the beneficiary. 
4.4.2  Note 2 Financial risks policy 4.41.  The Organization is exposed to limited financial risks, in accordance with its Financial 
Regulations and Rules (WT/L/156/Rev.2). 
a. Counterparty risk 
 The conservation of capital is the primary objective when investing funds. In order 
to limit the counterparty risk, funds are deposited with at least two internationally 
recognized financial institutions with rating equivalent to A+ or better. 
b. Foreign currency exchange risk 
 The exposure to the foreign exchange rate risk is reduced by maintaining all funds in 
CHF, the Organization's base currency. The holding of funds in other currencies is 
permitted only to cover actual or anticipated commitments in those currencies. Funds held in foreign currencies shall not exceed the sum of the actual 
commitments and the anticipated commitments for the next 12 months. Speculation 
on exchange rates is strictly forbidden. 
c. Interest and market risks: 
 Interest and market risks are also very limited as speculation on interest rates is 
strictly forbidden and cash balances retained by the Secretariat can only be invested 
through the following means: i) Interest bearing account; ii) Bank term deposit of up to a maximum duration of 24 months; iii) Straightforward money market 
investment funds, all with an overall rating equivalent to A+ or better. 
d. Liquidity risk: 
 The level of funds available shall be main tained to meet the payment requirements 
of the WTO Secretariat. The investment duration shall take into account the timing 
uncertainties on the receipt of Members contributions and the cash-flow requirements. Borrowing cannot be contracted with banks. 
4.4.3  Note 3 Restatement of Financial Statement 2012 
4.42.  The 2012 Financial Statement was restated concerning three accounting areas: 
a. WTO reserves  
b. Member Transition Operating Fund (MTOF)  
c. Pension Plan Liability  
4.43.  Previously, WTO reserves were part of the net asset equity. After the restatement, WTO 
reserves were removed from the net asset equity and considered more properly as funds among 
the non-current liabilities. These financial resources were in fact allocated by Members under the 
condition to achieve a specific target (i.e. common facilities) or perform an activity (Appellate Body) and should be treated as a liability towards Members rather than WTO equity  
4.44.  Previously the release of funds from the Member Transition Operating Fund (MTOF) was not 
considered as extraordinary revenues. After the restatement the financial resources released from 
the MTOF are considered more properly as extraordinary revenues to cover common facilities expenditures related to the renovation projects. Th is accounting treatment is preferable in order to 
represent more effectively the capitalization of common facilities expenditures 
4.45.  Previously, the financial statements showed the pension obligation as a net value among the 
long term liabilities. After the restatement, the financial statements separated this obligation as 
pension gross liability and as fair pension asset. Similarly, in the performance position the 
restatement showed separately pension costs an d revenues. This accounting treatment allows a WT/BFA/W/334 
- 49 - 
  more transparent representation of the pension fund impact on the WTO performance and financial 
position. 
4.4.4  Note 4 Cash and cash equivalents Table 28 Cash Situation 
Expressed in '000 CHF 31/12/2013 31/12/2012  
Cash in hand 10 10  
Cash at bank by currency 83,515 88,259  
CHF 81,438 86,787  
USD 1,305 894 
EUR 584 438  
GBP 188 140 
Total cash and cash equivalent 83,525 88,269  
 
4.46.  The bank balance in CHF comprises restricted  funds held by the Working Capital Fund for an 
amount of 10,480 kCHF. 
4.47.  Bank accounts are held with UBS, Crédit Suisse and the Swiss Post Finance Bank. The WTO 
negotiates interest rates on bank account deposits with the banks in order to obtain competitive 
rate. 
4.4.5  Note 5 Receivables from Members, Observers and Donors 
4.48.  Receivables from Members and Observers ar e classified as receivables from non-exchange 
transactions. They include receivable assessed contributions as well as receivable advances due to the Working Capital Fund. The details for due contributions from Members and Observers are 
presented in schedules B and C, respectively. 
4.49.  A provision for outstanding contributions is calculated based on the aging of the 
contributions. 
Table 29 Provision for Arrears from Members and Observers 
Expressed in '000 
CHF Provision for 
outstanding 
contributions 
at 31 Dec 2012  Adjustment 
of the 
provision 
during 2013 Provision for 
outstanding 
contributions at 
31St Dec. 2013 Amounts 
written off as 
part of the 
payment plan  
Members 12,871  (3,862)  9,009 0  
Observers 773 (364)  409 0 
Total  13,644  (4,226)  9,418 0 
 
4.50.  The General Council has approved payment plans with 9 Members with total arrears amounting to CHF 5.2 million. 1 member (Mauritania)  did not complied with an arrear of 1 million 
as at 31 December 2013. As part of approved payment plans with Members and in accordance 
with Financial Regulation 18.2, pre-1988 contributions have been reduced by CHF 93,006 and this reduction has been accounted for in the statement of the financial performance. WT/BFA/W/334 
- 50 - 
  4.4.6  Note 6 Inventories 
Table 30 Inventories 
Expressed in '000 CHF 31/12/2013 31/12/2012 
WTO publications and co-publications 340 360  
Non WTO publications 46 56 
Souvenirs 12 20  
Total inventories (including adjustments and write offs) 398 438 
 
4.51.  Inventories consist of WTO publications, co-publications, other non-WTO publications and souvenirs held for sale and the ones distributed fr ee of charges. Starting 2011, a part of the WTO 
publications and co-publications inventory is held at a third-party distribution storage facility. 
Table 31 Adjustments and write offs 
Expressed in '000 CHF 31/12/2013 31/12/2012 
Adjustments 4 10  
Write offs (70) (20) 
Total adjustments and write offs (66) (10)  
 
4.52.  The adjustment corresponds to the reconcil iation between the value of the inventory in the 
financial accounts and the value of the actual physical inventory. The amount of adjustment is less 
than 1% of the total inventory and well within industry standards ranging around 5% of discrepancy. 
4.53.  Write-offs relate to obsolete inventories. The write off policy has been revised in 2011. 
Obsolete publications are identified by making a title by title analysis based on statistics of the last 
three years sales and distributions. 
4.4.7  Note 7 Other receivables 
Table 32 Other Receivables 
Expressed in '000 CHF 31/12/2013 31/12/2012  
Recoverable United States taxes 4,893 4,017  
Recoverable Swiss taxes 20 89 
Various other receivables 644 536  
Total other receivables 5,557 4,642  
 
4.54.  Other receivables include receivables from non-exchange transactions relating to taxes and 
receivables from exchange transactions under the line item "various other receivables". 
4.55.  Staff remunerated by the Organization is exempted from income taxes. However, the United 
States requires its citizens and residents to file and pay tax worldwide. When a staff member is obligated to pay income tax to the United States, the WTO provides advances for estimated tax payments and reimbursements for actual tax payments and subsequently asks for a 
reimbursement from the United States Government  in conformity with an Agreement between the 
WTO Secretariat and the United States of 22 December 2000. 
4.56.  As an International Organization, the WTO is exempted from Swiss taxes such as value 
added tax (VAT), federal stamp duty and tax on th e interest earned on investments. Annually the 
WTO Secretariat files a tax reimbursement claim to the Swiss authorities. WT/BFA/W/334 
- 51 - 
  4.57.  The method of reimbursement applied by the United States Government is different from 
the method applied by the WTO Secretariat. The latter has been validated by the Administrative Tribunal of the International Labour Organization. The difference in reimbursement methods results in an amount written off for the WTO amounting to CHF 115,370 for 2013. 
4.4.8  Note 8 Advances and Prepayments 
Table 33 Prepayments 
Expressed in '000 CHF 31/12/2013 31/12/2012  
Staff advances for salary, travel and education grant 3,104 2,386  
Advances relating to Trust Funds activities 1,215 845 
Other advances 723 1,192  
Total 5,042 4,422  
 
4.58.  Staff advances made for education grants represent 2,462 Kchf and advances for home 
leave represent 537 kCHF of the total of staff adva nces. In 2012 instead no Home Leave activities 
were considered as advances but appeared as WTO expenditures. 
4.59.  Advances relating to Trust Funds activities include advances paid to hotels where the 
activities will be held as well as  advances to implementing partners. 
4.60.  Other prepayments correspond to payments made to suppliers. 
4.4.9  Note 9 Property, Plant and Equipment 
Table 34 Building 
Expressed in '000 CHF Building 
Cost at 31/12/2012 60,000  
Additions 72,242  
Cost at 31/12/2013 132,242  
Accumulated depreciation at 31/12/2012 (10,303)  
Depreciation (2,848)  
Accumulated depreciation at 31/12/2013 (13,151)  
Net carrying amount at 31/12/2013 119,091  
 
Table 35 Work in progress - Equipment 
Expressed in '000 CHF Furniture 
under 
construction  Audio visual 
equipment 
under 
construction  Security 
equipment  BCI External 
Grounds Total 
Cost at 31/12/2012 5,995  6,269  0 0 0 12,264  
Additions 502 769 402 2,232 371 4,275  
Transfers to equip/build (5,995)  (6,269)  0 (2,232) 0 (14,496)  
Cost at 31/12/2013 502 769 402 0 371 2044  
 WT/BFA/W/334 
- 52 - 
  Table 36 Equipment 
Expressed in '000 
CHF Furniture Audio 
visual 
equipment Security 
equipment Reproductio
n equipment IT 
equipment Vehicle Total 
Cost at 31/12/2012 345 309 2,299 1,390 2,114 231 6,687 
Additions 8,303 6,493 84 222 242 37 15,382 
Disposals - - - - - - - 
Cost at 
31/12/2013 8,648 6,802  2,384  1,612  2,356 268 22,06
9 
Accumulated 
depreciation 31/12/2012 106 118 630 1,086 1,379 161 3,480 
Depreciation 
31/12/2013 687 332 209 120 361 30 1,739 
Disposals - - - - - - - 
Accumulated 
depreciation at 
31/12/2013 793 450 838 1,205  1,740 191 5,219  
Net carrying 
amount at 31/12/2013 7,855 6,351
 1,545  406 616 76 16,85
0 
 
4.61.  The WTO has also a number of artwork dona ted by governments, artists and other partners. 
The Government of China has also offered the WTO a garden that has been completed in 2012. The value of these works (also called heritage asse ts) is not recognised in the financial statements. 
4.62.  The CWR and the new administrative building belong to the WTO. At the end of 2012, final 
reception for both the renovation work of the CWR (financed by the Swiss Authorities) and the 
construction work of the new building has been completed. In 2013, the WTO has recorded an increase in the value of its building of CHF 72,2 million. The common facilities under construction 
or installation increased of CHF 2,04 million; they include equipment such as furniture and 
audio/visual, security (perimeter) and external gr ound areas. The WTO finalized the capitalization 
of the assets received through the building pr oject in 2013 and start the related depreciation. 
4.63.  The WTO has benefited from in-kind contributi ons relating to the use of different buildings: 
a. Free right to use the Salle William Rappard, where the General Council usually meets. 
This conference centre is a property and maintained by the FIPOI. 
b. Free right to use the Villa Rappard and two sm all neighbouring villas. These villas are 
property of the Canton of Geneva. The WTO bears the maintenance costs. 
c. Free right to use an underground parking located in the neighbourhood with 400 parking 
spaces. 
4.64.  As part of the building project, artwork and decoration were acquired and recognised at 
their purchase prices and are subject to depreciation. 
4.65.  The parking has been included in the value of the building and has been capitalized for a 
value of CHF 10 million. The corresponding grant from the Swiss authorities has been therefore 
considered as extraordinary revenue and highlighted in the statement of financial performance. 
4.66.  Similarly the Swiss Authorities donated 2,973 kCHF for the renovation and maintenance of 
the Intramuros Building. The amount has also been recognized as an extraordinary revenue in 
2013. 
 WT/BFA/W/334 
- 53 - 
  4.4.10  Note 10 Intangible Assets 
Table 37 Intangible Assets 
Expressed in '000 CHF Software 
acquired Software 
internally 
developed  
Cost at 31/12/2012 169 466  
Additions 15 - 
Disposals - -  
Cost at 31/12/2013 183 466 
Accumulated depreciation 31/12/2012 105 46  
Depreciation 35 117 
Disposals - -  
Impairment losses - - 
Accumulated depreciation at 31/12/2013 140 163  
Net carrying amount at 31/12/2013 43 303 
 
4.67.  The WTO started to recognise software internally developed in 2012 with the 
implementation of a new approach to record expenditure against outputs. 
4.4.11  Note 11 Accounts payable 
Table 38 Payables 
Expressed in '000 CHF 31/12/2013 31/12/2012  
Accruals 1,169 2,378  
Suppliers 2,828 2,202  
WTO staff, consultants and interns 905 542  
Other payables  2 6,815  
Total payables 4,905 11,937  
 
4.68.  Accruals represent the amount of goods received and services delivered during the period for which the invoices were not received at the reporting date. 
4.69.  Payables to suppliers and staff at year-end reflect amounts expensed in 2013 for which 
settlement has been effected in 2014.  
4.70.  Other payables concern the Van Breda Insurance and the reduction compared to previous 
year is connected to the Building Project. 
4.4.12  Note 12 Assessed cont ributions paid in advance 
4.71.  Contributions paid in advance by Members and Observers at 31 December 2013 consist of 
advance payments received and interest earned and due to Members. WT/BFA/W/334 
- 54 - 
  Table 39 Contributions paid in Ad vance by Members and Observers 
Expressed in '000 CHF 31/12/2013 31/12/2012 Reference 
Contributions paid in advance by Members 
and Observers 7,795  12,705 Schedule  
B and C 
Interest earned through the Early Payment 
Encouragement Scheme 180 269 Schedule A 
Total contributions paid in advance by Members and Observers 7,975
  12,974 
  
 
4.72.  The General Council implemented a system to encourage early payment of contributions. 
The annual interest earned on the current year's contributions is refunded to Members on the basis of calculations which take into account the amou nt and date of payment. The interest refund 
earned by a Member in a given year is deducted from the Member's contribution due two years 
later. The amount of CHF 180,148 is the interest earned by Members in 2013 (CHF 55,436) and 2012 (CHF 124,712). 
4.4.13  Note 13 Voluntary contri butions refundable to donors 
Table 40 Voluntary contributi ons refundable to donors 
Expressed in '000 CHF  
Balance due to donors as at 31 December 2012 31,315 
Contributions paid in advance for 2013 activities (1,832)  
Voluntary contributions received in 2013 24,197 
Contributions paid in advance for 2014 activities 928 
Interests on investments  22  
Expenses incurred on Trust funds (note 20) (21,014) 
Balance due to donors as at 31 December 2013  33,616  
 
4.73.  In accordance with IPSAS 23, contributions from donors subject to conditions have been 
classified under deferred revenue . Revenue is recognised up to the amount expensed in the 
period, corresponding to the completion of the specified performance. 
4.74.  With the IPSAS implementation, expenses are not recognised any more on commitments 
but on accruals. Voluntary contributions refundable to donors include commitments made to third parties regarding trust fund activities. WT/BFA/W/334 
- 55 - 
  4.4.14  Note 14 Employee benefits 
Table 41 Employee Benefits 
Expressed in '000 CHF 31/12/2013 31/12/2012 
Short-term benefits Dependency allowance 50  50  
 Untaken annual leave 9,708  9,663  
 Education grant 1,282  1,182  
 Home leave 1,151  892  
 Separation grant 476  468  
Long-term benefits Removal indemnity 1,400  1,534  
 Separation grant 7,613  7,366  
Post-employment benefits ASHI 247,100  270,471  
 Pension  852,696  945,793  
Total   1,121,476   1,237,419  
 
4.75.  Employee benefits liabilities are determined by professional actuaries or calculated by the WTO based on personnel data and past payment experience. 
4.76.  Short-term employee benefits include dependency allowance, untaken annual leave, 
education grant and home leave: 
a. The provision for dependency allowance is established to cover financial support given to 
staff dependants (spouse and children). 
b. The provision for untaken annual leave corresponds to the total leave balance due to 
regular and temporary staff at the end of the year. The maximum of accumulated annual leave is 60 days, which corresponds to two years entitlement. Annual leave is accounted 
for using the FIFO method. 
c. The provision for education grant is established to cover the expenditure associated with 
the first four months of the school year (out of ten months) through December that will 
be settled at the end of the school year in the following summer. 
d. The provision for home leave is established to cover the liability incurred by all eligible 
staff in a given year for their home leave. Staff entitled to home leave may return to 
their home country every other year. The rules to calculate the home leave estimation 
for all the permanent international staffs are: 1) the year of payment of the last home leave is considered as the year during which the home leave has been taken. 2) A staff member who has not taken home leave for 2 years, i.e. since 2011, is entitled to 100% 
rights. 3) A staff member who has taken home leave in 2012 is entitled to half of the 
right at the end of 2013. 4) A staff member who has taken home leave in 2013 has no rights at the end of 2013. 5) The amount of the last home leave paid is the estimation 
for the cost of the home leave. However, an average home leave amount CHF 9,853.5 
has been calculated for the staff that joined from 2011. No provision for staff that entered before 2011 and never asked for home leave. 
4.77.  At the end of their employment contract, eligible staff receive separation grant and 
international staff going back to their home country is entitled to removal indemnity. The estimated amounts of the provision for separation and removal benefits is based on the following assumptions: 
a. An average unit cost of the removal/indemnity for the international leaving staff, of 
CHF 14,832.38. This average unit cost is based over the past six years whilst in year 2012 it was based over the past eleven ye ars. The change of the average basis is WT/BFA/W/334 
- 56 - 
  considered more realistic and appropriate and it decreased the average unit cost form 
the CHF 16,654 used in 2012 to the current  CHF 14,832.38. Therefore this change of 
basis determined a total provision of 1,400 kCHF instead of 1,562 kCHF that would have been applied using the previous basis of calculation. 
b. 58.9% of international staff has been returning to their home country (over the past 
thirteen years). 
c. A retirement age of 62 years old. 
d. Other assumptions such as the discount rate, working time, median salary growth rate 
and inflation rates are the same as the ones used for the actuarial valuation for pension and ASHI. 
e. The rules to calculate the long term separation indemnity are: 1) Staff with local status 
with more than 10 years (date of fixed term) are entitled to one month median salary 
without dependant and two months with depend ant. 2) Staff with international status 
more than 10 years are entitled to either the same amount as locals if they do not return 
in their home country, or two months median salary without dependant and four months 
median salary with dependant. 3) Staff with international status with less than 10 years are entitled only if they return to home country of two months median salary without 
dependant and four months. 
4.78.  Pension and ASHI benefits are calculated by  consulting actuaries. The WTO pension liability 
amounts to 852,696 kCHF. This liability is counterbalanced by the corresponding pension's net fair value asset of 441,268 kCHF. As a consequence the overall 2013 pension net liability is 441,228 
kCHF showing a decrease of 136,915 kCHF from the previous year. The 2013 liability for ASHI 
decreased of 23,371 kCHF compared to the previo us year. These reductions are due mainly to 
three different factors: 
a. The increase of the actuarial rate from 2.10% in 2012 to 2.60% in 2013. 
b. The increase of the long term price inflation from 0.6% in 2012 to 0,8% in 2013. 
c. The reduction of the salary increase variable base of 1%. 
4.79.  The WTO pension plan is a defined benefit plan. The following assumptions have been used 
to determine the value of the pension and ASHI benefit obligations as at 31 December 2013: 
Table 42 Actuarial Assumptions 
Expressed in '000 CHF Pension ASHI 
Discount rate 2.60% 2.60%  
Medical inflation rate  - 3.3%  
Inflation  0.80% 0.60%  
Rate of compensation increase 0.80% - 
Rate of pension increase 0.80%  - 
Expected long-term rate on return of plan assets 4.50% - 
 WT/BFA/W/334 
- 57 - 
  Table 43 Financial assets – Pension 
Expressed in '000 CHF 31/12/2013 31/12/2012  
Fair value of plan assets at beginning of year  397,450  349,761  
Expected return on plan assets  18,167  18,536  
Actuarial (loss)/gain on plan assets net of actual investment 
expenses  15,315  16,079  
Employer contributions  19,995  20,001  
Plan participants' contributions  10,143  10,000  
Benefits paid from the plan (18,108)  (15,380)  
Expenses paid (348)  (319)  
Premium paid (1,223)  (1,218)  
Net transfer in(out) including effect of any business 
combinations/disinvestitures (122)   
Foreign currency exchange rate changes  -  (10) 
Fair value of plan assets at end of year  441,269   397,450  
 
Table 44 Defined benefit obligation - Pension 
Expressed in '000 CHF 31/12/2013 31/12/2012 
Benefit obligation at beginning of year  945,793  845,012  
Service cost  41,583  37,864  
Interest cost  20,783  25,699  
Plan participants' contributions  10,143  10,000  
Actuarial (gain)/loss (146,285)  43,816  
Business combinations/divestitures/ transfers  11  - 
Benefits paid (18,109)  (15,380)  
Premium paid (1,223)  (1,218)  
Benefit obligation at end of year  852,696  945,793  
 Table 45 History of defined benefit obligat ions and experience gains and losses - 
Pension 
Expressed in '000 CHF 31/12/2013  31/12/2012 31/12/2011  
Defined benefit obligation  852,696  945,793 845,012  
Fair value of plan assets  441,268  397,450 349,761  
Surplus / Deficit  411,428  548,343 495,251  
    
Experience gains and losses on plan liabilities (13,550)  (14,487) 8,819  
 WT/BFA/W/334 
- 58 - 
  Table 46 Defined benefit obligation - ASHI 
Expressed in '000 CHF 31/12/2013 31/12/2012 
Benefit obligation at beginning of year  270,471  243,055  
Service cost  10,261  10,304  
Interest cost  5,853  7,283  
Actuarial (gain)/loss (35,278)  13,709  
Benefits paid (4,207)  (3,880)  
Benefit obligation at end of year  247,100  270,471  
 
Table 47 History of defined benefit obligatio ns and experience gains and losses - ASHI 
Expressed in '000 CHF 31/12/2013 31/12/2012 31/12/2011 
Defined benefit obligation 247,100  270,471 243,055  
Fair value of plan assets - - - 
Surplus / Deficit 247,100  270,471 243,055  
          
Experience gains and loss es on plan liabilities - 8,029 - 
 
4.4.15  Note 15 Loan and Grant 
4.80.  The Organization has received a CHF 60 million loan from the Swiss Authorities for the 
building project (CHF 20 million for the south and north courtyards transformations and CHF 
40 million for the new administrative building). This loan is interest-free and the WTO starts in 
2013 the reimbursement of the principal only. The du ration of the loan is 50 years. The value of 
the interest waived in 2013 will be waived until  the final payment in 2063. The value of the 
interest waiver will be equal to the future value of the loan discount, which will lead to the recognition of the present value of the loan at its nominal value. 
4.81.  A grant of CHF 10 million had been given by the Swiss authorities for the building of the 
underground parking located under the new admini strative building. The underground parking was 
completed and the end of 2012 and being used since January 2013. The grant of 10 million was 
considered as extraordinary revenue. 
4.82.  The WTO holds an interest free loan relati ng to the financing of the building project. The 
interest free component is considered as an in-kind contribution from the Swiss Authorities. The 
value of the in-kind contribution corresponds to the interests that would have been paid in case of 
a commercial loan. As the value of the interest waiver is equal to the future value of the loan discount, WTO does neither recognise an expense nor revenue for the same amount. The annual financial statements will disclose the value of interest waived during the year and the current value 
of the remaining interest to be waived until final payment on the loans. 
4.4.16  Note 16 Working Capital fund 4.83.  Governments acceding to the WTO shall make an advance to the Working Capital Fund 
(WCF) in accordance with the scale of contributions applicable to the budget for the year of their 
accession. The minimum advance to the Working Capi tal Fund amounts to 0.5% of the principal of 
the Fund for countries or separate customs territories whose share of the total trade of Members is 
0.5% or less. The interest earned on the advanc es made by Members accrues to the Organization. 
Two new Members have acceded to the WTO in 2013: Lao People's Democratic Republic and Tajikistan. WT/BFA/W/334 
- 59 - 
   
Table 48 Working Capital Fund Statement 
Expressed in '000 CHF 31/12/2013 31/12/2012  
ASSETS   
Cash and cash equivalents 10,480 10,187  
Receivables from Members 133 308 
Tax receivables 3 6  
   
Total assets 10,616 10,502  
   
LIABILITIES AND CAPITAL FUND   
Advances made by Members 4,458 4,353  
Interests earned 6,158 6,149  
Total liabilities and capital fund 10,616 10,502  
 
4.4.17  Note 17 Funds 
Table 49 Funds 
Expressed in '000 CHF Ministerial 
Operating 
Fund Doha 
Development 
Global Trust 
Fund Appellate 
Body 
Operating 
Fund Member's 
Transition 
Operating 
Fund Total 
Opening Balance at 
31/12/2012 600 1,000   -  10,554  12,154 
Replenishment of reserves 617 0 1,600  7,538 9,755  
Utilisation of reserves (1,217)  0 (691)  (13,997) (15,905)  
Balance at 31/12/2013 - 1,000  909 4,095 6,004  
 
4.84.  The WTO funds were removed from the reserves and considered more properly as 
non-current liabilities. 
4.85.  The funds liability decreased from 12,154 kCHF in 2012 to 6,004 kCHF in 2013. This 
decrease is mainly due to the use of the Ministerial Transition Operating Fund (MTOF) which has 
been used to cover the expenditure of the common facilities 
4.4.18  Note 18 Revenue 4.86.  Revenue from non-exchange transactions include revenue from assessed contributions from 
Members and Observers and voluntary contributions. 
4.87.  Grants relating to the building projects are considered as non-exchange revenue with 
conditions. The recognition of the revenue is accounted for at the time of the reception of the building work. The grant received for the construction of the underground parking is recognised as 
extraordinary revenue as well as the donation received by the Swiss authorities for the 
improvements works of the intramuros. 
4.88.  In 2013 extraordinary revenue of CHF 12.9 mi llion derived from grants and the donations of 
the Swiss Authorities has been recognized. 
a. CHF 10 million derives from the grant allocated for the underground parking 
construction. 
b. CHF 2.9 million derives from the donations from the Swiss Authorities for the 
maintenance and improvements of the intramuros building. WT/BFA/W/334 
- 60 - 
  4.89.  Similarly another extraordinary revenue of CHF 6.5 million was recognized as the funds of 
MTOF were applied for the completion of common fa cilities. For consistency purposes, the Financial 
statements of 2012 have been restated in orde r to highlight the corresponding extraordinary 
revenue from the MTOF (7,108 kCHF). 
4.90.  The financial statements indicate in a separate line the 2013 revenues deriving from 
consolidation with the WTO pension plan that amount 18,358 kCHF. Revenues decreased by 3,221 kCHF compared to the previous year. 
4.91.  Revenue from exchange transactions are in cluded in the line "Revenue from publications" 
and "Other revenue". Income from publications includes the sale through the WTO bookshop and 
WTO distributor as well royalties. 
Table 50 Other revenue 
Expressed in '000 CHF 31/12/2013  
Savings on prior year's outstanding obligations (54)  
Refund of prior year's outstanding obligations 263 
Rental of meeting rooms and office spaces 102  
Miscellaneous 1 
Total 309 
 
4.4.19  Note 19 Expenses 
4.92.  The main category of expenses are summarized as follows: 
4.93.  Staff expenditures include costs such as salaries, annual leave, pension, health insurance 
among others. Expenditures of this nature remained  largely stable with a decrease of about 2.7% 
from the previous year. 
4.94.  Temporary assistance expenditures refer to costs related to external translation activities, 
recruitment of consultants or staff with a short term contract. Costs for panellists and appellate body member fees also fall in this category. No remarkable variation with regard to the previous period is to be noted 
4.95.  Supplies and other general service expendit ures include general administration costs such 
as utilities costs, maintenance costs, and publication costs. In additions costs for the purchasing of supplies and small equipment are part of this category. The variation remained stable compared to 
year 2012 
4.96.  Travel & Hospitality expenditures represent the costs related to travel on official mission, 
accommodation, ticketing by staff, panellists and participants to trade related technical activities 
among others. Hospitality expenses are instead related to costs incurred by Senior Management 
for receptions such as hospitality events and meeting related to the WTO activity 
4.97.  Implementing partners expenditures repr esent costs for activities funded by WTO but 
executed by a third-party organization. The cost s for these activities decreased of about 35% 
compared to the previous year. The difference is due to the Trust Funds expenditures for 
implementing partners that decreased from 6,810 kCHF in 2012 to 4367 kCHF in 2013. 
4.98.  Contribution to ITC include the funds granted to ITC for its core activities. 
4.99.  Ministerial Conference Operating Fund and Appellate Body Operating Fund show the 
variation of the two funds dedicated to the activiti es of Appellate Body and Ministerial Conference. 
4.100.  Depreciation and write off include the depreciation costs for the assets and write off of 
publications from WTO stocks in 2013. Depreciation for the write of use CWR refer to the WT/BFA/W/334 
- 61 - 
  amortisation of the liability related to the CWR fo llowing the concession of a right of use of CWR 
premises from the Geneva Local Authorities. 
4.101.  Finance and foreign exchange costs refer mainly to interests paid to banks of third parties 
and expenses due to exchange rate transactions among different currencies. 
4.4.20  Note 20 Segment reporting 
4.102.  Segment information is based on the two main sources of financing of the Organization. 
These segments are: i) the regular budget of the WTO, and ii) Trust Funds. Segment reporting will 
only be presented for Statement of Financial Performance. WT/BFA/W/334 
- 62 - 
   
Table 51 Segments Financial Performance  
Expressed in '000 CHF WTO 
Budget Trust 
Funds Inter-Fund 
Transactions TOTAL WTO 
REVENUE     
Contributions assessed on 
Members 195,551  - - 195,551  
Contributions of Observers 711,192  - - 711 
Voluntary contributions on trust 
funds - 20,992  - 20,992  
Extraordinary Revenue MTOF 6,518  - - 6,518  
Extraordinary Revenue FIPOI 12,973  - - 12,973  
Revenue from publications 343 - - 343 
Other revenue  482   22  (195)  309  
Pension Plan Revenue  18,358     18,358  
     
Total revenue 234,937  21,014  (195) 255,756  
     
EXPENSES     
Staff Expenditure (178,011)  (6,556)   (184,567)  
Temporary Assistance (20,523)  (3,191)  39 (23,675)  
Supplies and other general 
services cots (16,261)  (692)  156 (16,796)  
Travel & Hospitality (6,510)  (6,173)   (12,683)  
Implementing Partners (295)  (4,367)  - (4,662)  
Contribution to ITC (18,068)   - (18,068)  
Ministerial Conference Operating 
Fund 600 - - 600 
Appellate Body Operation Fund (909)  - - (909)  
Depreciation and write offs (4,740)  - - (4,740)  
Provision for contributions in 
arrears 4,226  - - 4,226  
Depreciation of provision for 
right of use - CWR 606 - - 606 
Finance costs (20)  (14) - (34)  
Loss/(Gain) on foreign exchange 
transactions  (107)  (21) - (128)  
     
Total expenses (240,012)  (21,014)  195 (260,831)  
     Surplus/(deficit)  
for the period (5,075)  - - (5,075)  
 
4.4.21  Note 21 Reconciliation with Budget 
4.103.  The WTO consolidated budget includes th e budget for the WTO Secretariat and the budget 
for the Appellate Body and its Secretariat. The WTO financial statements also include the activity WT/BFA/W/334 
- 63 - 
  financed by the Trust Funds. The WTO Consolidated  budget is approved on a modified cash basis 
(no assets capitalisation and no recognition of long-term employee benefits) whereas the financial statements are issued on an accrual basis (IPSAS). 
4.104.  A statement of comparison of original 2013 Budget and Final Budget and Actual amounts is 
presented in the first narrative part of this report where material differences are explained. The 
following table reconciles the budgetary savings with  the surplus account as required by Financial 
Regulations and with the financial results as obtained from the implementation of IPSAS: 
Table 52 Reconciliation between budge t result and financial result 
Expressed in '000 CHF  
Budgetary savings 31/12/2013 10,090  
  
Assessed contributions on new Members 51  
Miscellaneous income (233)  
Provision for contribution in arrears 4,226  
Write-off and adjustment for inventories (66) 
Finance Costs (20) 
Surplus 31/12/2013 14,048  
  
Loan reimbursement  1,200  
Extraordinary revenue MTOF  6,518  
Income portion of grant received 12,973  
Acquisition of property, plant and equipment 848  
Depreciation and amortisation of property, plant and equipment (4,674)  
Depreciation of provision for right of use – CWR 606  
Pension benefits actuarial valuation (net value)  (24,687)  
After service health insurance (ASHI) benefits actuarial valuation  (11,907)  
  
Financial result 31/12/2013  (5,075)  
 
4.105.  The deficit for the year 2013 amounts to 5, 075 kCHF. This is the deficit calculated using 
the same methodology as in prior years and in compliance with the WTO Financial Regulation 26. 
The Surplus/Deficit Account had a credit balance at the end of 2012 amounting to 755,456 kCHF. The balance of the Surplus Account at the end of 2013 amounts to 10,527 kCHF 
4.106.  The Financial result for 2013 amounts to a deficit of 5,075 kCHF. Compared to a budget 
result of 10,090 kCHF. 
4.4.22  Note 22 Key management personnel 4.107.  Key management personnel of the WTO are the Director-General and the four Deputy 
Director-Generals as they have the authority and responsibility for planning, directing and 
controlling the activities of the WTO. 
4.108.  The aggregate remuneration paid to key management personnel includes net salaries, 
entitlements such as education grant, home le ave and dependency allowances, employer pension 
and health insurance contributions. 
 WT/BFA/W/334 
- 64 - 
  Table 53 Key management personnel 
Expressed in 
'000 CHF Nb of 
individual Net salaries and 
representation 
allowances Entitlements 
and other Pension 
and 
health 
plans Total 
31/12/201
3 
Key 
management personnel 5 1,823,070 338,422 331,816 2,493,308 
 
4.109.  There has been a change of the Direct or General on 1 September 2013 and of the 4 
Deputy Directors General the 1st October 2013. Untaken annual leave have been paid during the departure of the previous team and are included in  the net salaries and representation allowances 
total. 
4.4.23  Note 23 Contingent assets and contingent liabilities 
4.110.  The Organization holds, at the end of 2 013, bank guaranties of 2,323 kCHF from Implenia 
related to the Building Project. The Organization also held a bank guaranty of 865 kCHF from HRS 
related to the Building Project. 
4.111.  The Organization has no longer litigations related to its human resources at the end of 
2013. In addition, the Organization  settled all withheld payments to HRS in the amount of 2,204 
kCHF. 
4.4.24  Note 24 Commitments 4.112.  The commitments opened on the 31st Dece mber 2013 amount to 6,771 kCHF distributed 
as follow: 
a. Regular budget: 0,493 kCHF 
b. Trust Funds: 5,469 kCHF 
c. Operating funds: 0,809 kCHF. 
4.4.25  Note 25 Events after the reporting date 
4.113.  The WTO's reporting date is 31 December 2013. The financial statements were authorised 
for issue on 29 April 2014, the date at which they were submitted to the External Auditor by the 
Director-General. On the date of signing these accounts, there have been no material events, 
favourable or unfavourable, incurred between the reporting date and the date when the financial 
statements were authorised for issue that would have impacted these statements. WT/BFA/W/334 
- 65 - 
  4.5  Schedules 
4.5.1  Schedule A 2013 Early payment encouragement scheme Table 54 Interest to be distributed to Members in 2014 
Members Interest 
earned Members Interest 
earned 
Albania 15  Macao, China 72  
Angola 123 Madagascar 3 
Argentina 192  Malawi 5  
Armenia 1 Malaysia 761 
Australia 1,051  Maldives 7  
Austria 892 Mali 7 
Bahrain 37  Malta 18  
Bangladesh 77 Mauritius 25 
Barbados 7  Mexico 1,133  
Belgium 1,462  Moldova 14 
Belize 2  Mongolia 7  
Botswana 12 Montenegro 10 
Brazil 649  Mozambique 11  
Brunei Darussalam 29 Myanmar 22 
Bulgaria 144  Namibia 20  
Burkina Faso 3 Nepal 7 
Canada 2,394  Netherlands 1,648  
Chile 65 New Zealand 185 
China 3,041  Nicaragua 2  
Colombia 165 Nigeria 38 
Congo 5  Norway 627  
Costa Rica 69 Oman 45 
Croatia 2  Pakistan 98  
Cuba 34 Panama 31 
Cyprus 46  Papua New Guinea 7  
Czech Republic 567 Peru 90 
Democratic Republic of Congo 8  Philippines 280  
Denmark 421 Poland 923 
Ecuador 73  Portugal 67  
Egypt 42 Qatar 117 
El Salvador 3  Romania 184  
Estonia 80 Russian Federation 1,317  
Fiji 12  Saint Lucia 12  
Finland 438 Samoa 1 
France 3,155  Saudi Arabia, Kingdom of 798  
Gabon 3 Singapore 1,952  
Georgia 14  Slovak Republic 245  
Germany 7,182  Slovenia 149 
Ghana 6  Solomon Islands 8  
Greece 214 South Africa 443 
Guatemala 50  Spain 170  
Guinea 4 Sri Lanka 35 
Guyana 13  Suriname 13  
Haiti 7 Swaziland 5 
Hong Kong, China 2,120  Sweden 933  
Hungary 195 Switzerland 893 
Iceland 34  Chinese Taipei 1,320  
India 772 Thailand 943 
Indonesia 578  Tonga 11  
Ireland 611 Trinidad and Tobago 44 
Israel 225  Tunisia 48  
Italy 2,147  Turkey 631 
Jamaica 4  Ukraine 234  
Japan 2,428  United Arab Emirates 931 WT/BFA/W/334 
- 66 - 
  Members Interest 
earned Members Interest 
earned 
Jordan 24  United Kingdom 3,517  
Kenya 37 United States of America 56 
Korea, Republic of 1,443  Uruguay 17  
Kuwait, the State of 135 Venezuela, Bolivarian 
Republic  41 
Kyrgyz Republic 2  Viet Nam 205  
Latvia 66 Zambia 8 
Liechtenstein 21  Zimbabwe 14  
Lithuania 2   
Luxembourg 325  Total 55,436  WT/BFA/W/334 
- 67 - 
  4.5.2  Schedule B Statement of Outstand ing Contributions as 31 December 2013 – 
Members 
Table 55 Outstanding contributions as 31 December 2013 – Members 
Members Swiss Francs 
Contributions   1969-2011  2012  2013  TOTAL Advance  
Albania             
Angola           18,113  
Antigua and Barbuda I 19,102 29,127  29,325  77,554    
Argentina             
Armenia             
Australia             
Austria             
Bahrain, Kingdom of             
Bangladesh             
Barbados             
Belgium             
Belize             
Benin I 10,491  29,145  29,314  68,950   
Bolivia, Plurinational State 
of       58,674  58,674    
Botswana             
Brazil             
Brunei Darussalam             
Bulgaria             
Burkina Faso       4,619  4,619    
Burundi (2)   404,369  29,145  29,325  462,839    
Cabo Verde             
Cambodia       74,241  74,241    
Cameroon     1,397  70,347  71,744    
Canada             
Central African Republic (2)   880,632  29,145  29,325  939,102    
Chad(2)     737,022   46,632  41,055  824,709    
Chile       98  98    
China             
Colombia             
Congo          21,854   21,854    
Costa Rica              287,435  
Côte d'Ivoire (2)     400,286  116,580     107,525        624,391    
Croatia             
Cuba            19,721          19,721    
Cyprus             
Czech Republic             
Democratic Republic of the 
Congo (2)             
Denmark             
Djibouti (2)     224,568   29,145       29,325  283,038    
Dominica II     56,955   29,145        29,325  115,425    
Dominican Republic     596,035  118,394      158,310  872,739    
Ecuador             
Egypt             
El Salvador       3,655  3,655    
Estonia              179,673  
European Union (1)             
Fiji       5  5    
Finland             
France             WT/BFA/W/334 
- 68 - 
  Members Swiss Francs 
Contributions   1969-2011  2012  2013  TOTAL Advance  
Gabon       424  424    
The Gambia (2)     358,593  29,145       29,325  417,063    
Georgia             
Germany             
Ghana             
Greece             
Grenada II     54,495  29,145       29,325  112,965    
Guatemala             
Guinea           539  
Guinea-Bissau III   495,519  29,145       29,325  553,989    
Guyana           26,244  
Haiti             
Honduras     21,099       93,780        114,879    
Hong Kong, China             
Hungary             
Iceland             
India             
Indonesia             
Ireland             
Israel             
Italy             
Jamaica       37,331  37,331    
Japan             
Jordan             
Kenya           1,164  
Korea, Republic of              
Kuwait, the State of             
Kyrgyz Republic       10,594  10,594    
Lao People's Democratic 
Republic       26,754  26,754    
Latvia             
Lesotho       29,325  29,325    
Liechtenstein             
Lithuania             
Luxembourg             
Macao, China             
Madagascar       1,479  1,479    
Malawi       253  253    
Malaysia             
Maldives             
Mali       194  194    
Malta             
Mauritania (2) III  979,054    29,145  29,325    1,037,524    
Mauritius             
Mexico             
Moldova, Republic of             
Mongolia             
Montenegro             
Morocco       369,188     369,188    
Mozambique             
Myanmar       37    37    
Namibia             
Nepal            35,031  WT/BFA/W/334 
- 69 - 
  Members Swiss Francs 
Contributions   1969-2011  2012  2013  TOTAL Advance  
Netherlands             
New Zealand             431,614  
Nicaragua                 667  
Niger (2)     534,685   29,145  29,325        593,155    
Nigeria       38,174      38,174    
Norway             
Oman             
Pakistan             
Panama       14,520    14,520    
Papua New Guinea             
46,125  
Paraguay     4,953  89,912      94,865    
Peru       39,998     39,998    
Philippines             
Poland             
Portugal             
Qatar             
Romania             
Russian Federation             
Rwanda       
28,284  29,307      57,591    
Saint Kitts and Nevis     727  29,317    30,044    
Saint Lucia             
Saint Vincent and the 
Grenadines I 497     29,131  29,317    58,945    
Samoa             
Saudi Arabia, Kingdom of              
Senegal I       3,225     46,600  44,931    94,756    
Sierra Leone (2)     776,779    29,145  29,325      835,249    
Singapore             4,503,935  
Slovak Republic             
Slovenia             
Solomon Islands             
South Africa             
Spain             
Sri Lanka             
Suriname             
Swaziland             
Sweden             
Switzerland             
Chinese Taipei             
Tajikistan       
Tanzania       63,609  72,335       135,944    
Thailand           2,205,364  
The former Yugoslav 
Republic of Macedonia I     
58,290  58,650       116,940    
Togo (2)   144,195    29,145  29,325     202,665    
Tonga             
Trinidad and Tobago             
Tunisia             
Turkey             
Uganda       20,803  43,008    63,811    
Ukraine             
United Arab Emirates             
United Kingdom             
United States of America           11,445,015   11,445,015    WT/BFA/W/334 
- 70 - 
  Members Swiss Francs 
Contributions   1969-2011  2012  2013  TOTAL Advance  
Uruguay             
Vanuatu I   10,380  29,325   39,705    
Venezuela, Bolivarian 
Republic of       88,948    88,948    
Viet Nam             
Yemen       
Zambia             
Zimbabwe             
Yugoslavia (3)     830,439        830,439    
GRAND TOTAL  10 7'506'941  945,746  13,563,434  22,016,121  7,735,904  
(1) No assessment is made in the European Union as such. 
(2) Member under payment scheme. (3) Former Contracting Party to GATT 1947 which is not WTO Member. WT/BFA/W/334 
- 71 - 
  4.5.3  Schedule C Statement of Outstand ing Contributions as 31 December 2013 – 
Observers 
Table 56 Outstanding contributions as 31 December 2013 - Observers 
Observers 
Swiss Francs 
Contributions years Category 1997-  
2011 2012  2013  TOTAL Advance  
 
Afghanistan      252  
Algeria      29,325  
Andorra       
Azerbaijan       
Bahamas       
Belarus       
Bhutan       
Bosnia and Herzegovina       
Comoros       
Equatorial Guinea       
Ethiopia      29,325  
Holy See       
Iran     29,325   29,325   
Iraq       
Kazakhstan    180 180  
Lao People's Democratic 
Republic    2,571  2,571  
Lebanon     29,325  29,325  
Liberia    28,131  29,325  57,456  
Libya     25,896  25,896  
Sao Tome And Principe III  277,384   29,145   NA  306,529  
Serbia (Republic of)       
Seychelles       
Sudan    4,833  4,833  
Syrian Arab Republic  I 27,609   29,145   29,325  86,079  
Uzbekistan       
Vanuatu   18,765   18,765  
Yemen    2,711  2,711  
GRAND TOTAL   304,993  105,186  153,491  563,670 58,902  
 
 
 
  
 
  
 
   
  WT/BFA/W/334  
- 72 - 4.5.4  Schedule D Voluntary contributions re ceived in 2013 and 2012 per donor and by fund 
Table 57 WTO Trust funds - Voluntary contributi ons received in 2013 per donor and by fund 
Funds 
 
 
 
 
 
 
 
Donors 
Doha development 
agenda global 
trust fund 
Enhanced 
integrated 
framework – 
Executive 
secretariat 
Mission internship 
programme 
9th Ministerial 
conference - LDCs 
Netherland 
trainees 
Trade facilitation – 
National Needs 
Assessments 
Trade facilitation – 
Negotiating group 
STDF Standards 
and trade 
development 
facility 
China LDCs and 
accessions 
programme 
TOTAL 
Australia 2,689,900      392,120    3,082,020 
Austria 243,600         243,600 
Canada        903,751   903,751 
China         362,800  362,800 
Denmar k 491,063       491,063   982,127 
Estonia 24,160         24,160 
European Union 1,232,000   110,880   443,520  246,400  448,448   2,481,248 
France 617,000  617,000        1,234,000 
Germany 1,233,000       183,750   1,416,750 
Ireland   184,800  86,240   61,600   227,920   560,560 
Japan 368,744       85,502   454,246 
Korea (Republic of) 313,600         313,600 
Liechtenstein 40,000         40,000 
Norway 2,287,108     99,108  152,474  228,711   2,767,401 
Sweden 2,245,600     283,300   962,220   3,491,120 
Switzerland 800,000         800,000 
Chinese Taipei 181,400       74,400   255,800 
United States 851,885         851,885 
UNOPS  3,931,499        3,931,499 
 Total  13,619,060 3,931,499 801,800  197,120  - 1,279,648  398,874  3,605,765  362,800  24,196,567 
 
   
  WT/BFA/W/334  
- 73 - Table 58 WTO Trust funds - Voluntary contributi ons received in 2012 per donor and by fund 
Funds 
 
 
 
 
 
 
 
Donors 
Doha development 
agenda global 
trust fund 
Enhanced 
integrated 
framework – 
Executive 
secretariat 
Mission internship 
programme 
8th Ministerial 
conference - LDCs 
Netherland 
trainees 
Trade facilitation – 
National Needs 
Assessments 
Trade facilitation – 
Negotiating group 
STDF Standards 
and trade 
development 
facility 
China LDCs and 
accessions 
programme 
TOTAL 
Austria 240,200         240,200 
Canada 1,362,298       917,095   2,279,393 
China         372,000  372,000 
Denmar k 321,903  160,952      321,903   804,758 
Estonia 23,199         23,199 
European Union 1,024,050   4,493    241,460  437,164   1,707,167 
France 600,500  600,500        1,201,000 
Germany 1,198,000       180,150   1,378,150 
Ireland   396,330      222,305   618,635 
Japan 395,604       100,196   495,800 
Korea (Republic of) 334,950         334,950 
Liechtenstein 40,000         40,000 
Netherlands     1,793,909    981,997   2,775,906 
Norway 2,438,905      163,639  245,559   2,848,103 
Sweden 2,386,480      108,585  1,015,560   3,510,625 
Switzerland 800,000         800,000 
Chinese Taipei      93,900     93,900 
United States 940,535     140,850   106,259   1,187,294 
UNOPS  3,931,499         3,958,303 
 Total  12,106,624 3,931,499 1,157,782 4,493 1,793,909 234,750 513,684 4,528,188 372,000 24,669,383 
   
  WT/BFA/W/334  
- 74 - 4.5.5  Schedule E Balance due to donors as 31 December 2013 and 2012 
Table 59 WTO Trust funds - Balance due to donors as 31 December 2013 
Funds 
 
 
 
 
 
 
Donors 
Doha 
development 
agenda global 
trust fund 
Enhanced 
integrated 
framework – 
Executive 
secretariat 
Mission 
internship 
programme 
Independent 
entity 
Program 
support fund 
9th 
Ministerial 
conference - 
LDCs 
Trainee 
program 
Trade 
facilitation –
Human 
resources 
Trade 
facilitation – 
National 
needs 
assessments 
Trade 
facilitation – 
Negotiating 
group 
STDF 
Standards 
and trade 
development 
facility 
China LDCs 
and 
accessions 
programme 
Total 
Australia 2,506,820      0   197,886.17   91,727   2,796,433 
Austria 364,457      0       364,457 
Canada 786,065      0     2,206,497   2,992,562 
China 22,301            476,610  498,911 
Denmar k 596,129   0    0     968,338   1,564,466 
Finland 396,340      0     493,510   889,850 
France 935,915   931,170           1,867,084 
Germany 1,822,382           429,145   2,251,527 
Ireland 88,802   474,287    0   57,019   463,178   1,083,286 
Italy           15,793   15,793 
Japan 564,802           320,729   885,531 
Korea (Republic of) 474,443             474,443 
Liechtenstein 46,195             46,195 
Luxembourg 32,699      0       32,699 
Netherlands 456,619       142,949     834,285   1,433,853 
Norway 3,224,377      0   111,074  242,675  470,706   4,048,832 
Sweden 3,326,384      0   142,944  87,034  2,192,067   5,748,429 
Switzerland 924,218      0   20,978.83   395,834   1,341,030 
Chinese Taipei  168,154      0   54,140   112,383   334,677 
United Kingdom      0    25,404  107,084   132,488 
United States 1,321,364         71,324   224,190   1,616,877 
Organizations:              
UNOPS  1,182,185           1,182,185 
Others:              
Bureau Veritas 
International Ltd.    17,687          17,687 
Cotecna 
International Ltd.    17,594          17,594 
Inchcape Testing 
Services Int'l Ldt.    17,689          17,689 
Inspectorate Griffith 
Ltd.    17,687          17,687 
Société Générale de 
Surveillance S.A.    17,527          17,527 
Total 18,05Y8,466  1,182,185 1,405,457  88,184  - 0 142,949  - 655,365  355,113  9,325,464  476,610  31,689,793   
  WT/BFA/W/334  
- 75 - Table 60 WTO Trust funds - Balance due to donors as 31st December 2012 
Funds 
 
 
 
 
 
 
Donors 
Doha 
development 
agenda global 
trust fund 
Enhanced 
integrated 
framework – 
Executive 
secretariat 
Mission 
internship 
programme 
Independent 
entity 
Program 
support fund 
8th 
Ministerial 
conference - 
LDCs 
Trainee 
program 
Trade 
facilitation –
Human 
resources 
Trade 
facilitation – 
National 
needs 
assessments 
Trade 
facilitation – 
Negotiating 
group 
STDF 
Standards 
and trade 
development 
facility 
China LDCs 
and 
accessions 
programme 
Total 
Australia  750,260      2,077      127,445   879,782 
Austria  256,409      5,529        261,938 
Canada  1,078,316      22,724      2,161,942   3,262,982 
China  30,592            400,961  431,552 
Denmar k  327,066   227,015    36,395      854,538   1,445,014 
Finland  543,695      19,013      685,679   1,248,387 
France  667,298   1,016,873           1,684,171 
Germany  1,267,487           412,559   1,680,046 
Iceland      3,545        3,545 
Ireland  121,818   665,253    12,281    51,396   415,687   1,266,434 
Italy           21,942   21,942 
Japan  406,277           360,143   766,420 
Korea (Republic of)  337,445             337,445 
Liechtenstein  23,396             23,396 
Luxembourg  44,856      1,341        46,197 
Netherlands  626,385       1,053,603     1,159,150   2,839,137 
Norway  2,137,467      91,377    165,889  180,404  425,362   3,000,499 
Sweden  2,318,886      146,542     119,363  2,083,617   4,668,408 
Switzerland  468,135      12,516    41,565   549,969   1,072,185 
Chinese Taipei   49,406      11,123    107,266   81,768   249,563 
United Kingdom      26,632   0  34,840  148,782   210,254 
United States  961,338         141,312   311,488   1,414,138 
Organizations:              
UNOPS  1,708,969           1,708,969 
Others:              
Bureau Veritas 
International Ltd.    17,698          17,698 
Cotecna 
International Ltd.    17,604          17,604 
Inchcape Testing 
Services Int'l Ldt.    17,698          17,698 
Inspectorate Griffith Ltd.    17,699          17,699 
Société Générale 
de Surveillance 
S.A.    17,538          17,538 
WTO Members     872,433         872,433 
Total 12,416,532  1,708,969 1,909,141  88,237  872,433  391,096  1,053,603  0 507,429  334,606  9,800,069  400,961  29,483,075   
  WT/BFA/W/334  
- 76 - 4.5.6  Schedule F Interest earned in 2013 and 2012 
Table 61 WTO Trust funds - Interest earned in 2013 
Funds 
 
 
 
 
 
Donors 
Doha 
developmen
t agenda 
global trust 
fund 
Enhanced 
integrated 
framework 
– Executive 
secretariat  
Mission 
internship 
programme 
9th 
Ministerial 
conference 
- LDCs 
Trainee 
program 
Trade 
facilitation 
–Human 
resources 
Trade 
facilitation 
– National 
needs 
assessment
s 
Trade 
facilitation 
– 
Negotiating 
group  
STDF 
Standards 
and trade 
developmen
t facility 
China LDCs 
and 
accessions 
programme 
Total 
Australia 1,303   1   177  53  1,534  
Austria 333   3       336 
Canada 827   13     1,278   2,119  
China 23         298 322 
Czech Republic 260          260 
Denmar k 19  127 21     362  529 
European Union 263   31   76 37 89  496 
Finland 417   11     286  714 
France 564  608        1,172  
Germany 1,353        191  1,543  
Iceland    2       2 
Ireland 93  401 29   39  199  762 
Italy         9  9 
Japan 361        160  521 
Korea (Republic of)  290          290 
Liechtenstein 22          22 
Luxembourg 34   1       35 
Netherlands 480    354    484  1,318  
Norway 1,980   54   108 104 196  2,441  
Sweden 2,108   86   77 59 1,079   3,409  
Switzerland 668   7   24  230  929 
Taipei (Chinese)  43   7   63  42  155 
United Kingdom    16    17 62  95 
United States 799      82  130  1,012  
UNOPS  1,776          1,776  
Total 12,240 1,776  1,137  282 354 - 646 218 4,850  298 21,800    
  WT/BFA/W/334  
- 77 -  
Table 62 WTO Trust funds - Interest earned in 2012 
Funds 
 
 
 
 
 
Donors 
Doha 
developmen
t agenda 
global trust 
fund 
Enhanced 
integrated 
framework 
– Executive 
secretariat 
Mission 
internship 
programme 
8th 
Ministerial 
conference 
- LDCs 
Trainee 
proram 
Trade 
facilitation 
–Human 
resources 
Trade 
facilitation 
– National 
needs 
assessment
Trade 
facilitation 
– 
Negotiating 
 
STDF 
Standards 
and trade 
developmen
f ili
China LDCs 
and 
accessions 
programme 
Total 
Australia 1,988    7     130  2,125  
Austria  604    17       621 
Canada 2,977    71     2,448   5,496  
China  81          591 673 
Denmar k  787   680 114     865  2,446  
Estonia 47          47 
European Union   334    8    71 215  627 
Finland 1,441    60     702  2,202  
France  1,646   3,181         4,827  
Germany 2,850         350  3,200  
Iceland    11       11 
Ireland  323   1,897  39   184  350  2,793  
Italy         22  22 
Japan  475         332  807 
Korea (Republic of)  567          567 
Liechtenstein  25          25 
Luxembourg   119    4       123 
Netherlands  1,660     1,561     1,236   4,456  
New Zealand   40           40 
Norway 4,011    287   593 196 317  5,404  
Spain  110           110 
Sweden 4,142    460    268 1,834   6,704  
Switzerland  857    39   149   563  1,608  
Taipei (Chinese)  131   35   110  84  359 
United Kingdom     84  0  68 152  303 
United States  1,532       112  255  1,899  
UNOPS   4,217          4,217  
Total 26,746   4,217   5,759   1,235   1,561   -   1,147   602   9,856   591  51,715  
 WT/BFA/W/334 
- 78 - 
  4.5.7  Schedule G World Trade Organization – Program Support Fund 
Table 63 WTO Program support fund 
 2013  2012  
Opening Balance 872,433  748,164  
Income 2,383,906  2,544,062  
Total income 3,256,339  3,292,225  
Retrocession to other organizations 118,255  477,008  
Salary costs 1,945,688  1,766,168  
Share of certain secretariat cost 194,569  176,617  
Total costs  2,258,512  2,419,792  
Closing balance 997,827  872,433  
 
Table 64 WTO Program support fund actual expenditure and overheads 
Funds Actual expenditure Overheads 
CHF 
13% of actual 
expenses 
 2013  2012  2013 2012  
Doha Development Agenda Global Trust 
Fund  7,070,237  8,822,690  919,131 1,146,950  
Enhanced Integrated Framework - 
Executive Secretariat 3,946,955  3,565,769  513,104 463,550  
Mission Internship Programme 1,156,301  823,468  150,319 107,051  
9th Ministerial Conference - LDCs 568,828  843 19,670 110  
Netherlands Trainee Programme 806,201  679,117  104,806 88,285  
Trade Facilitation - National Needs 
Assessments 1,002,086  (1,112)  130,271 (145)  
Trade Facilitation - LDCs 335,031  457,631  43,554 59,492  
Standards and Trade Development Facility 3,615,240  4,951,026  469,981 643,633  
China LDCs and Accesions Programme 254,380  270,272  33,069 35,135  
Other extra budgetary funds: IE - 
Preshipment inspection  52 26 - -  
Other extra budgetary funds: Program 
support fund  2,140,257 
 1,942,785  - - 
Total  20,895,569  21,512,515  2,383,906 2,544,061  
 WT/BFA/W/334 
- 79 - 
   
Table 65 Overheads shared with other organizations 
Overheads shared with other organizations Retrocession amount 
 2013 2012  
STDF - ITC  35,966 - 
STDF - FAO  9,700 247,308  
STDF - IICA  16,066 44,324  
STDF - OIRSA 8,175 7,302  
STDF - UNIDO - 72,878  
STDF - UNESCAP   - 5,366  
STDF - UNCTAD - - 
STDF - UNDP   - 20,774  
STDF – CAB International 15,362 10,009  
TIFES - UNDP 22,433 23,056  
DDAGTF - Pacific Island Forum Secretariat 7,678 (317)  
DDAGTF - UNESCAP 2,482 -  
DDAGTF - University of Colombia - 21,511  
DDAGTF - University of Swaziland   - 18,810  
DDAGTF - University of India (1,116) 4,104  
DDAGTF - IICA - 1,882  
DDAGTF - OCTA 1509 - 
Total Retrocession 118,255 477,008  
Total Expenses 21,013,824 21,989,523  
Net Income - Programme Support Fund 
(Overhead charges - Retrocession) 2,265,651 2,067,053  
 
 
__________