WORLD TRADE  
ORGANIZATION  WT/BFA/W/157 
19 September 2007 
 (07-3931) 
Committee on Budget, Finance and Administration  
  
 
     
 
 
DIRECTOR-GENERAL'S BUDGETARY AND FINANCIAL REPORT 
 
FOR 2006 
 
AND REPORT OF THE EXTERNAL AUDITOR THEREON 
    
 WT/BFA/W/157 
Page 2  
 
  TABLE OF CONTENTS
 
 
I. INTRODUCTION ................................................................................................................ ....3 
II. BIENNIAL BUDGET 2006 AND 2007 ...................................................................................3 III. OVERALL EXPENDITURE IN THE WTO IN 2006...........................................................3 
 EXPENDITURE:  WTO ..........................................................................................................4 
 EXPENDITURE:  APPELLATE BODY..............................................................................10 IV. INCOME..................................................................................................................... .............11 
V. SURPLUS ACCOUNT ...........................................................................................................12  
VI. GENERAL FUND............................................................................................................... ....13 
VII. WORKING CAP ITAL FUND...............................................................................................15 
VIII. EARLY PAYMENT ENCOURAGEMENT SCHEME ......................................................15 IX. OPERATING FUNDS............................................................................................................ 16 
X. NEW ANNEXE BUILDING FOR THE WTO ....................................................................17 XI. REPORT OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE 
WORLD TRADE ORGANIZATION FO R THE FINANCIAL PERIOD 2006 
OF THE BIENNIUM 2006/2007............................................................................................19 
OPINION OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE WORLD 
TRADE ORGANIZATION FOR THE PE RIOD ENDED 31 DECEMBER 2006 ........................28 
Statement 1a - WTO Secretariat - Statement Of Budgetary Expenditure 2006 ............................29 Statement 1b - Appellate Body And Its Secretariat - Statement of Budgetary 
Expenditure 2006 .......................................................................................................30 
Statement 2 - Income And Expenditure Account for the Year 2006...............................................31 Statement 3 - Surplus Account for the Year 2006.............................................................................32 Statement 4 - Statement of Assets An d Liabilities for 2006 General Funds...................................33 
Statement 5 - Statement of Assets And Liabilities for the Year 2006 - WCF ................................34 
Statement 6 - Statement of WTO Annex Building Fund - Phase I for the Year 2006 ...................35 
Schedule A - 2006 Early Payment Encouragement  Scheme Interest to be Distributed ................36 
Schedule B/TableauB/Cuadro
 B – Members - Outstanding Contributions  
 as at 31 December 2006 ...............................................................................................39 
Schedule C - Observers - Outstanding Contributions as at 31 December 2006.............................45 Schedule  D - Investments Held  on 31 December 2006 (IN CHF) ...................................................46 
Schedule E - Investments Held on 31 December 2006 (IN EUR) ....................................................47 
Schedule F - Investments Held on 31 December 2006 (IN USD) .....................................................48 
Schedule G -Investments Held on 31 December 2006 (IN GBP) .....................................................49 
Schedule H - Investments Held on 31 December 2006 WCF ...........................................................50 Schedule I - Investments Held on 31 December 2006 - WTO Annex Building ..............................51 
ANNEX  -   Statement of Significant Accounting Policies................................................................52  WT/BFA/W/157 
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I. INTRODUCTION 
1. In accordance with Regulations 24, 26 and 29  of the World Trade Organization Financial 
Regulations (WT/L/156/Rev.1), the Director-General  hereby submits the B udgetary and Financial 
Report of the World Trade Organization (WTO) for the financial year ended 31 December 2006, the 
first year of the 2006-2007 biennium.  The annual accounts are presented in Swiss francs.   
2. At its meeting on 14, 16 and 23 October 1998, the General Council adopted the resolution in 
document WT/GC/W/102/Rev.1 which set out the conditions  of service applicable to the staff of the 
WTO Secretariat.  These conditions of service have been applied in the WTO Secretariat with effect from 1 January 1999. 
3. The WTO Financial Rules and Financial Regulati ons were approved by the General Council 
in November 1995 (WT/GC/M/8) and August 2003 (W T/GC/M/82), respectively.  They have been 
applied as from 1 January 1996 a nd 1 January 2004, respectively and subsequently revised on 
21 May 2007 (WT/L/156/Rev.2 and WT/L/157/Rev.1). 
II. BIENNIAL BUDGET 2006 AND 2007 
Approved Budget for 2006-2007
 
 
4. Pursuant to the recommendations of the Co mmittee on Budget, Finance and Administration 
(CBFA) (Document WT/BFA/82), Members of th e WTO in approving the second WTO biennial 
budget, appropriated CHF 175,000,150 and CH F 180,352,150 for the years 2006 and 2007 
respectively (Document WT/GC/M/100).  
5. For 2006, the appropriation was CHF 170,274,150 for the WTO Secretariat and 
CHF 4,726,000 for the regular expenditure of the Appellate Body and its Secretariat.  
6. In accordance with the procedures established for implementing biennial budgeting in the 
WTO, Members reviewed the 2007 appropriations in the course of the mid-term review, taking into 
consideration only unexpected and unavoidable changes with regard to statutory costs. 
7. In this respect, subsequent to the recomme ndation of the Committee on Budget, Finance and 
Administration (Document WT/BFA/93), Members of the WTO, in approving the revised 2007 
budget, appropriated CHF 181,976,450 for 2007 whic h is represented by CHF 176,865,250 for the 
WTO Secretariat and CHF 5,111,200 for the regula r expenditure of the Appellate Body and its 
Secretariat.  (Document WT/GC/M/106).  
III. OVERALL EXPENDITURE IN THE WTO IN 2006 
8. In the course of 2006, expenditure was incurre d in respect of the annual budget of the WTO 
as well as extra budgetary funds, made up of trus t funds and other funds.  The total overall 
expenditure of the Organization in 2006 amounted  to CHF 194,802,270.  Expenditure under the 
annual budget of the Organization accounted fo r 89 per cent of the total, corresponding to 
CHF 172,466,412. Expenditure against extra budgetary funds represented 11 per cent or CHF 22,335,858 (excluding overhead).  Expenditure  under the Operating Funds which are financed 
from the regular budget amounted to CHF 1,795,940 (paragraphs 81 to 82).   
2006 Regular Budget
 
 
9. Pursuant to the recommendation of the Committee on Budget, Finance and Administration 
(Document WT/BFA/82), Members of the WTO appr opriated CHF 175,000,150 for the financial year WT/BFA/W/157 
Page 4  
 
  2006, CHF 170,274,150 for the WTO Secretariat and CHF 4,726,000 for the regular expenditure of 
the Appellate Body and its Secretariat (Document WT/GC/M/100).  
EXPENDITURE:  WTO 
 2006  Budgetary Situation
 
 
10. Expenditure for the WTO and the Appellate Body Secretariat for 2006 amounted to 
CHF 172,466,4121, equating to a budgetary saving of CHF 2,533,738 .  This budgetary saving is 
comprised of CHF 1,957,371 for the WTO Regular B udget and CHF 576,367 for the Appellate B ody 
and its Secretariat (Statements 1a and 1b).   
WTO Regular Budget  
 
PERSONNEL -RELATED COSTS  
 11. Sections (1 and 2
) include the cost of salaries, pensi on contributions and common staff costs 
associated with established posts and temporary assistance respectively.   
12. A budgetary surplus of CHF 212,312 on personnel-re lated costs is the net result of various 
under and over-expenditures under a number of s ub-items.  The savings that occurred under 
Section 1  (Staff Work Years) covered th e over-expenditure under Section 2  (Temporary Assistance):  
   C H F  
 Section 1 - Staff Work Years   2,057,993  
 Section 2 - Temporary Assistance  (1,845,681)  
 Total     212,312  
 13. Under Section 1
 (Staff Work Years), the saving of CHF 2,057,993 can be sub-divided into 
under-expenditures of CHF 1,783,039 in respect of Salaries, and CHF 592,439 in respect of Pensions 
which offset the over-spending of CHF 317,485 in resp ect of 'Common Staff Costs'.  The estimated 
saving with respect to vacant posts for 2006 amounted to CHF 4,185,500 of which CHF 2,547,750 
was utilised for temporary assistance which includ es the expenditure of temporary assistance staff 
contracts retained to cover the duties of the cons olidated posts during the recruitment phase.  For 
Section 2  (Temporary Assistance), expenditure exceeded  the appropriations by CHF 1,845,681.  
14. In the approved budget, the financial implicati ons of the application of the methodology for 
salary adjustments as approved by the General Council on 15 May 2003 (WT/GC/M/80), anticipated 
salaries to increase by 2.00 per cent.  The weight ed average of  the increases announced for 2006 was 
in fact 2.955 per cent equating to an additional b udgetary requirement (based on a full staffing table) 
of  CHF 708,000 and CHF 142,000 for salaries a nd for pension contributions respectively. 
15. The over-spending under ‘Common Staff Costs' of CHF 317,485 is due to staff turnover, 
changes in staff profiles from those anticipated, vari ations resulting the year in which an entitlement is 
taken as well as costs related to staff who ended their contracts with the WTO in 2006.  
                                                      
1 The refund with respect to the overhead charges made on activities funded through the Program 
Support Fund was, in previous years, credited to budgeta ry accounts.  The examination of the proportions used on 
this credit proved to be non-representative, and consequen tly the credit was recorded as Miscellaneous Income for 
2004.  This practice has been reviewed in 2005 and confirmed that the refund is to be treated as Miscellaneous 
Income in 2006.  WT/BFA/W/157 
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  16. The Committee on Budget Finance and Administra tion (CBFA) approved an initial allocation 
of CHF 500,000 for the restructuring plan of th e secretariat.  In 2006, this appropriation was 
subsequently converted into an operating fund permitting the amount to be carried forward to 2007 
(document WT/BFA/93/Add.1:  Restructuring Operating Fund). 
17. Under Common Staff Costs, the savings are comprised of:  
(a) Medical Insurance – CHF 578,719:  reflecting the saving from the volume of vacant 
posts and the fact that the anticipated incr ease in medical insurance premiums was not 
implemented.      
(b) Family Allowances – CHF 176,312, reflecti ng variations in staff profiles and the 
unutilized allocations corresponding to vacant posts. 
(c) Language Allowances – CHF 27,783:  this en titlement is payable to staff recruited 
prior to 1998.  Expenditure is, as anticip ated, decreasing as older staff separate. 
(d) Rental Subsidy – CHF 155,906. 
(e) Non-residence allowance – CHF 3,500: in  the same case as language allowances, 
savings will continue to be realised as staff separate. 
(f) Installation Grants – CHF 29,068. 
 18. They were offset by over-expenditu re under the following sub-items: 
(g) Separations – CHF 26,896 comprised of unt aken leave upon termination, and death 
benefit indemnities. 
(h) Travel and Removal Costs – CHF 369,948:  comprised of staff departure;  interview 
travel costs of candidates and installation travel for new recruits.  
(i) Repatriation Grants – CHF 430,367: as more st aff decided to take up early retirement 
than anticipated and includes statutory entitle ments due to the termination of staff. 
(j) Home leave – CHF 237,936: influenced by increased entitlements taken in 2006 as 
well as the number of dependants per entitlement. 
(k) Education Grants - CHF 223,626. 
 WT/BFA/W/157 
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  19. Section 2
 (Temporary Assistance):  The over-expe nditure under this section in 2006 
amounted to CHF 1,845,6812.  As mentioned above, this over-exp enditure was partially offset by 
savings under vacant posts (Section 1 – Work Years). 
Budgetary Situation of Temporary Assistance 2006  
 
 
TEMPORARY ASSISTANCE Budget Expenditure Balance 
Messengers/Drivers & Manual 
Workers 120,000 249,523 (129,523) 
Pool 589,100 346,282 242,818  
Reproduction 70,000 106,824 (36,824) 
Guards 70,000 32,549 37,451  
Conference 50,000 91,188 (41,188) 
Secretaries/Clerks 125,800 683,128 (557,328) 
Interpreters 1,846,000 2,107,601 (261,601) 
Translators 6,719,000 6,883,149 (164,149) 
Consultants 696,400 635,804 60,596  
Consultants EDP 1,455,200 1,738,727 (283,527) 
Internship 272,500 298,096 (25,596) 
Overtime 346,000 451,136 (105,136) 
Replacements 940,000 683,074 256,926  
Common staff costs 424,800 1,263,400 (838,600) 
Grand Total 13,724,800 15,570,481 (1,845,681) 
 
 
20. With the exception of the sub-item consultants and replacements, the budgetary allocations 
for all other sub-items were exceeded.  The over-e xpenditure with respect to Common Staff Costs is 
directly related to the expenditure incurred for all the sub-items under temporary assistance and the 
expenditure under vacant posts under Section 1  – Work Years. 
21. Expenditure with respect to temporary assist ance for the extra-ordinary sessions of the 
General Council, amounted to CHF 382,804 an d are included in the overall expenditure under 
temporary assistance under paragraph 19.  
Section Item Budget Expenditure Balance 
(a)Temporary Assistance Consultants 0 24,627  (24,627) 
  Interpreters 0 84,972  (84,972) 
  Overtime 0 123,377  (123,377) 
  Replacements 0 299  (299) 
  Support 0 85,756  (85,756) 
  Translators 0 58,626  (58,626) 
(b)TA Common Staff Costs   0 5,146  (5,146) 
Total   0 382,804  (382,804)
 
                                                      
2 Includes the expenditure under the development of the Distance Learning module CHF 44,206, two 
Special Trade Policy Courses CHF 43,706, and for the four regular budget Trade Policy Training Courses 
CHF 102,325 all under the WTO Training Institute.  WT/BFA/W/157 
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  ADMINISTRATIVE COSTS  
 22. This part of the budget covers items rela ted to communications, premises, permanent 
equipment, expendable supplies and contractual ser vices such as reproduction costs, EDP software 
etc.  For this part of the budget (Part B), a net budgetary saving of CHF 581,516 has been realised in 
2006.  In general, divisions did not exceed th eir budget allocations concerning their specific 
requirements.  However, variances against approve d appropriations were primarily influenced by 
changes in project priorities and unforeseen activiti es.  The redistribution of EDP allocations to 
accommodate the re-prioritizing of projects contribut ed to some of the variances linked with EDP 
expenditure.    
23. The overall budgetary saving on administrative costs is the net result of various under and 
over-expenditures on a number of sub-items.   
Budgetary savings were incurred for the following sections:  
  CHF
  
 
Section 3 - Communications  278,436  
Section 5 - Permanent Equipment  226,535  Section 6 - Expendable Equipment  163,957  Section 7 - Contractual Services  13,655   And, were reduced by an over-expenditure under: 
 
Section 4 - Building Facilities  (101,067)
 
 Total     581,516
 
 
24. Under Section 3  (Communications), the overall budgetary saving of CHF 278,436 is 
comprised of under-expenditures of CHF 197,665 for telecommunications (telephones and faxes) as 
the Secretariat's new telephone policy, introduced du ring 2005, on restricted access to certain zones 
and prohibited access to others, gene rated savings for a full year.  The use of different providers also 
contributed to the overall budgetary saving for this service.  For postal services, the budgetary saving of CHF 80,771 was due to more and more documen t demands being satisfied through the Documents-
on-line service.  In addition, the Secretariat' s Mailing Unit actively encourages competition amongst 
service providers on an on-going basis to obtain the lowest possible mailing rates. 
25. Section 5
 (Permanent equipment), a budgetary savi ng of CHF 226,535 was realised under this 
section for 2006.  This saving is comprised of a saving of CHF 195,743 under the sub-heading purchases and CHF 30,792 for purchases through leasing arrangements.  Primarily these savings were 
under:  i) Informatics equipment: where the savi ng under equipment was utilised to offset over-
expenditure under other EDP alloca tions; ii) Vehicles: where the leasing analysis and arrangements 
for the replacement of the official vehicles were not  completed in 2006 to enable the utilisation of the 
allocation and;  iii) Office furniture: where the expe nditure with respect to the anticipated purchase of 
modular furniture in anticipation a re-allocation of office space at the Ce ntre William Rappard was 
not completed in 2006. 
26. Section 6
 (Expendable Equipment), the budgetary saving of CHF 163,957 was primarily 
realised under Reproduction Supplies, as the existing system of reproduction allows for documents to be produced on-demand, which permits the retention of minimum stock levels.  In addition, in the last 
quarter of 2006, a contract for the purchase of paper was concluded with a new supplier.  Finally, as 
more extensive use was made of the in-house printi ng facilities, printing costs associated with other WT/BFA/W/157 
Page 8  
 
  regular and extra-budgetary lines or the printing of publications costs were credited back to this 
budget line. 
27. Under Section 7
 (Contractual Services), the budgetary  saving of CHF 13,655 realised under 
this section is comprised of CHF 52,646 with r espect to Reproduction and CHF 43,117 for the sub-
item Other (vehicle repair, running costs, related insurance and office equipment maintenance).  This 
was reduced by an over-expenditure of CHF 56,244 under Office Automation3 and  CHF 25,864 with 
respect to the Security Outsourcing Contract serv ices as additional security requirements were need 
during the unforeseen extra-ordinary sessi ons of the General Council meetings.  
28. These savings were offset by ove r-expenditure under the following: 
29. Section 4   (Building Facilities), the overspending of CHF 101,067 was primarily realised 
under the subheading of maintenance and insurance,  where additional expenditure was incurred with 
respect to various refurbishment projects in the Centre William Rappard , CHF 16,537 for higher 
heating fuel costs and CHF 7,829 for water.  Th is over-expenditure was reduced through savings 
realised under rental CHF 5,038 for the hiring of ex ternal meeting rooms, electricity CHF 22,276 and 
contractual cleaning CHF 1,944. 
OTHER  
30. The overall budgetary saving of CHF 1,163,543 under Part C is the net r esult of various under 
and over-expenditures on a number of sub-items.  These savings were incurred for the following 
sections:  
  CHF   
 
Section 10 - Trade Policy Training Courses  424,987  
Section 11 - Various  740,513 Section 12 - Unforeseen  100,000  And was reduced by an over-expenditure under: 
 
Section 8 - Staff Overheads   (69,037) Section 9 - Missions  (32,920) 
 
 Total   1,163,543
 
 
 
31. Under Section 10  (Trade Policy Training Courses), pursuant to the Ministerial Declaration 
(Document WT/MIN(01)/DEC/1), the General Counc il, in adopting the 2002 budget, approved the 
funding from the regular budget of:  (i) Geneva W eek;  (ii) two short LDC courses and;  iii) one 
Special Trade Policy Course.  In 2003, this pr ogramme was extended and increased by one Special 
Trade Policy Course and the introduction of the Un iversity Outreach Programme.  In 2004, due to 
logistical difficulties, the fifth regular Trade Policy Training Course was dropped.  With the exception of a follow-up course with respect to the Special Courses delivered in 2005, the programme remained 
unchanged in 2006. 
                                                     
 
3 Refer to Section 5 – Permanent Equipment EDP.  WT/BFA/W/157 
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  32. The overall saving of CHF 424,987 is comprised of the following:  
(a) with respect to the four regular Trade Policy Training Courses a budgetary saving of 
CHF 217,846 was realized;   
(b) a budgetary saving of CHF 61,468 was made on the two short LDC courses; 
(c) a budgetary saving of CHF 21,176 was made on the two Special Short Trade Policy 
Courses; 
(d) Geneva Week:  from an initial overall budget of CHF 536,600, the overall budgetary 
saving amounted to CHF 150,332 of whic h CHF 129,686 is reflected under this 
section; 
(e) a budgetary saving of CHF 2,299 with respect to three short Dispute Settlement 
Courses; 
(f) expenditure of CHF 7,489 was incurred with respect to 'Distance Learning' where no 
provision was made in 2006. 
 33. Section 11
 (Various), the overall saving of CHF 740, 512 for this section is primarily due to 
reduced expenditure under Dispute Settlement Pa nels.  The total for Section 11 includes over-
expenditure under publications, refl ecting the change of practice in the way the accounting entries are 
made with respect to the cost of sales.  Recalling that no provision was set aside for 2006 for this new accounting practices, the cost of sales amounting to CHF 280,296 was absorbed by the saving under 
Printing and Public Information budgets.  
34. To avoid budgetary fluctuations  with respect to expenditure for Ministerial Conferences, the 
Committee on Budget Finance and Administration decided in 1999 (WT/BFA/44) to create a 
provision in the regular budget for this event and for it  to be carried forward in Non-Ministerial years.  
The expenditure under this heading concerns any t ype of expenditure that the organization would 
have had to incur should the Ministerial be held  at the headquarters in Geneva, and excludes all 
expenditure relating to its change of venue, wh ich is underwritten by the country hosting the 
Ministerial Conference. 
35. In 2004, the provision for the Ministerial Conference Operating Fund (MOF) was increased 
by CHF 200,000 to CHF 600,000 (Document WT/B FA/70,  Schedule I – B,  Section 11
 – Various).  
The annual provision for the replenishment of the MOF of CHF 600,000 was charged and credited to 
the fund. 
36. With respect to Section 12  (Unforeseen Expenditure), no expe nditure was recorded under this 
section.  The entire appropriation of CHF 100,000 is thus recorded as a saving.  
37. Section 13  (Contribution to the International Trade Ce ntre (ITC)) contributions to the ITC in 
2006 were  equal to that of the appropriation i.e. CHF 17,183,750.   
38. Over-expenditure was incurred under the following sections: 
39. Under Section 8   (Staff Overhead Costs), the over-expenditure of CHF 69,037 pertained to 
the apportionment of the accident and invalidity insu rance premium, advertisem ent fees placed in the 
press with respect to vacancies and for calls for tenders.  The saving under medical examination costs 
offset part of the over-expenditure.  
40. Section 9  (Missions), the aggregate expenditu re for missions exceeded the budget 
appropriation by CHF 32,920.  This is comprised of an overspending of CHF 73,850 under official 
missions which was offset by a budgetary saving of CHF 40,930 under technical missions.  
 WT/BFA/W/157 
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  41. In accordance with WTO Financial Regulation 24 and WTO Financial Rule 4.4, transfers 
between WTO budgetary sections of CHF 2,048, 705 are necessary in order to cover excess 
expenditure over approved a ppropriations by savings as detailed in  paragraphs 11-35.  Authority is 
sought to increase these appropriations accordingly, as follows: 
 
Section  From  To 
Section 1 - Work Years 1,845,681   
Section 3 - Communications 101,067   
Section 10 - Trade Policy Training Courses 101,957   
      
Section 2 - Temporary Assistance   1,845,681 
Section 4 - Building Facilities   101,067 
Section 8 - Staff Overheads   69,037 
Section 9 - Missions   32,920 
Total 2,048,705 2,048,705 
 
 
EXPENDITURE:  APPELLATE BODY 
 
42. Pursuant to the recommendation of the Committee on Budget, Finance and Administration 
(WT/BFA/51), the General Council approved (WT/GC/M /61) that the financing of the Appellate 
Body would be divided into two categories:  (i) permanent costs and (ii) variable costs.  The 
permanent costs form part of the regular budget procedure and are charged against the corresponding 
appropriations according to the Fi nancial Regulations and Rules.  In this respect, WTO Members 
appropriated CHF 4,726,000 for the permanent costs of the Appellate Body for the financial year 
2006 including the third regular funding of the repl enishment of the Appellate Body Operating Fund 
of CHF 1,100,000, against which the variable costs associated with each appeal are charged 
(Document WT/BFA/82). 
PERSONNEL -RELATED COSTS  
43. The budgetary savings of CHF 493,267 on pers onnel-related costs were the net result of 
under-expenditure of CHF 538,374 under Section 1  and an over-expenditure of CHF 45,107 under 
Section 2 .  Under Section 1  (Staff Work Years), the saving resulted from staff rotation and vacancies 
whilst, with respect to Section 2  (Temporary Assistance), over-expenditure was primarily due to 
additional internships and the common staff costs as sociated to temporary assistance hired to cover 
vacancies.  In maintaining a uniform standard  cost for both the WTO and the Appellate Body 
Secretariats, part of the savings under Section 1  is due to the fact that the standard cost applied to the 
Appellate Body Secretariat is not representative of the relatively small number of staff.   
ADMINISTRATIVE AND OTHER COSTS  
44. A budgetary saving of CHF 83,100 was realised on Administrative and Other Costs, which is 
the net result of various over and under- expenditures on a number of sub-items.  
45. With the exception of missions and building f acilities, all other items realised budgetary 
savings.  Section 9  - 'Missions' recorded an overspending as it was not always possible to rely on 
outside providers to provide funding for certain missions.  WT/BFA/W/157 
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  46. Over-expenditure was incurred for the following sections:  
  CHF   
Section 4 - Building Facilities  (5,594)  Section 9 - Missions  (2,473)
 
 
which were offset by savings under the following sections: 
 Section 3 - Communications  1,869  Section 5 - Permanent Equipment  1,275 Section 6 - Expendable Equipment  9,604  
Section 7 - Contractual Services  6,871 
Section 8 - Staff Overheads  4,643 Section 11 - Various  66,905
 
 Total     83,100
 
 
47. In accordance with WTO Financial Regulation 24  and Financial Rule 4.4, transfers between 
budgetary sections of CHF 53,174 are necessary in order to cover excess e xpenditure over approved 
appropriations by savings as detailed in paragraphs  43 through 46.  Authority is sought to increase 
these appropriations accordingly, as follows: 
Section From  To 
Section 1 - Work Years 45,107   
Section 6 - Expendable Equipment 5,594   
Section 11 - Various 2,473  
Section 2 - Temporary Assistance   45,107 
Section 4 - Building Supplies   5,954 
Section 9 - Missions   2,473 
Total 53,174 53,174 
IV. INCOME 
48. 2006 expenditure was funded from two sources:  (i) contributions assessed on Members and;  
(ii) miscellaneous income. 
49. At the adoption of the income budget, contri butions for 2006 were assessed on Members at 
the amount of CHF 173,700,000 (Statement 2).  Actu al collections as at 31 December 2006 in respect 
of 2006 contributions represented CHF 160,930,150 (including inter est of CHF 94,840 earned by 
Members in 2004 in the context of the Early Payment Encouragement Scheme). 
50. The details of miscellaneous income regarding (i) a comparison with 2005 figures and (ii) the 
excess of actual 2006 miscellaneous income over es timated amounts (also reported in Statement 3) 
are provided below. WT/BFA/W/157 
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2005 2006 2006 2006 
Actual Estimated Actual Balance   
CHF CHF CHF CHF 
Sale of Publications/Souvenirs & Royalties4 111,738 180,000 452,102  272,102
Profit or (loss) on exchange 227,584 0 144,881  144,881
Savings on previous year's outstanding obligations for 
WTO Secretariat 121,423 115,050 170,121  55,071
Savings on previous year's outstanding obligations for 
Appellate Body and its Secretariat 0 0 1,261  1,261
Rental of meeting rooms an d office space at Centre 
William Rappard 153,070 150,000 136,520  (13,480) 
Contributions of Observer Countries 814,072 680,000 833,760  153,760
Interest on Current Accounts 60,357 40,000 125,488  85,488
Various 236,611 135,100 825,068  689,968
Total 1,724,854 1,300,150 2,689,201  1,389,051
 
 51. Various other income for 2006 comprises the following: 
  CHF
 
 
Refund of prior year's expenditure 624,591 Work done for delega tions and others 174,051 
Discount on suppliers' invoices  1,015 Miscellaneous (identity photos, sale of us ed furniture, online services, etc.)  25,411
 
  
Total 825,068  
 
V. SURPLUS ACCOUNT 
52. The Surplus Account (Statement 3) show s a surplus amounting to CHF 6,996,223 as at 
31 December 2006.  The surplus account showed an opening deficit balance of CHF 309,983 as at 
1 January 2006.  The movements in the account are explained below. 
53. The account was debited by 
 (a) an amount for irrecoverable publica tions invoices which totalled  CHF 2,401. 
 
                                                      
4 Includes royalties of CHF 79,374 for the sale of publications.   
  Whilst in 2005 the cost of sales was offset by sales, in 2006 this equivalent figure has been charged as 
expenditure under Section 11, paragraph 33.  WT/BFA/W/157 
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  54. This was offset by: 
(b) the decrease in the provision for contributions in arrears of CHF 3,385,8185 ; 
  (c) an excess in actual versus estimated mis cellaneous income of CHF 1,387,791 for the 
WTO Secretariat and CHF 1,261 for the Appellate Body Secretariat;  
 
(d) the 2006 overall budgetary surplus of CHF 2,533,737 for the WTO Secretariat and 
the Appellate Body Secretariat. 
 
55. The net effect of the movements explained above resulted in an accumulated surplus of 
CHF 6,996,223 at the end of 2006 (Statement 3).   
Accumulated Surplus as at 31 December 2006.
 
 
56. The accumulated surplus as at 31 December 2006 amounted to CHF 6,996,223.  In 
accordance with WTO Financial Regulation 26.3, th e Director-General will submit his proposal on 
the use of the credit balance of the Surplus Ac count to the Committee on Budget, Finance and 
Administration in the course of 2007 (Statement 3).  
VI. GENERAL FUND 
Assets  
57. At 31 December 2006, cash in hand represented CHF 10,000;  cash at bank and in the postal 
checking account amounted to CHF 12,485,852.  Investments held on 31 December 2006 were 
CHF 10,000,000 worth held in Swiss francs (Schedule D), CHF 4,144,400 worth held in Euros 
(Schedule E), CHF 726,000 worth held in US dollars  (Schedule F) and CHF 4,726,000 worth held in 
Pounds sterling (Schedule G).  The cash and short term investments described above are summarized 
in the following table. 
 
(in CHF) 
Currency Current 
Account Investments Total 
CHF 10,322,352 10,000,000 20,322,352 
USD 120,603 726,000 846,603 
EUR 1,542,410 4,144,400 5,686,810 
GBP 500,487 4,726,000 5,226,487 
 
 
58. Funds remaining with UNDP were in the am ount of CHF 88,950 (equivalent USD 73,513). 
59. Contributions receivable from Members am ounted to CHF 27,646,364 at 31 December 2006 
as shown in Schedule B.  The corresponding amount for 31 December 2005 was CHF 31,032,182. 
                                                      
 5 Contributions receivable from WTO members amounted  to CHF 27,646,364 at 31 December 2006 as 
compared with CHF 31,032,182 at the end of 2005, i.e. a decrease of CHF 3,385,818 in contributions 
outstanding.  WT/BFA/W/157 
Page 14  
 
  60. Contributions receivable from WTO Observers were recorded as a receivable asset and 
amounted to CHF 890,831 as at 31 December 2006 as shown in Schedule C.  The corresponding amount for 31 December 2005 was CHF 843,387. 
61. A receivable of CHF 344,618 is due for th e Cancun Ministerial Meeting since 2003. 
62. Miscellaneous accounts receivable at 31 Dece mber 2006 totalled CHF 3,844,103.  This 
amount includes staff advances of CHF 1,979,498 for salary, travel and education grants (of which 
CHF 40,800 concerns the Appellate Body and its Secretariat).  In respect of United States taxes 
receivable, an amount of CHF 1,177,340 is due from their authorities.  CHF 335,595 was recorded as 
recoverable Swiss taxes, an amount which includ es VAT refunds and withholding taxes on interest.  
Advances to suppliers amounted to CHF 142,633 a nd accrued interest on investments amounted to 
CHF 17,177.  Total 2006 invoices receivable amounted to CHF 127,200.  Various other receivables 
totalled CHF 64,660. 
63. Outstanding invoices of CHF 127,200 consisted of the following: 
  CHF
 
 
Sale of publications 51,810 
Retirees' sickness insurance 63,952 Miscellaneous Budget Invoices 11,438
 
Total  127,200
 
 
64. Total Inventory of CHF 1,116,159 represents  the value of stock of WTO publications, 
co-publications, non-WTO publications, and souvenirs.  Pursuant to the Secretariat's decision to 
revise publications accounting practices in 2006, as mentioned in paragra ph 33 above, a full and 
comprehensive physical stock check commenced in D ecember 2006 but did not meet  the cut-off date 
of the 2006 accounts.  Any adjustments stemming from  the reconciliation of this stock check will be 
posted in January 2007. 
65. Prepaid 2006 expenditure is CHF 76,204 (posta ge, subscriptions, prepaid parking, etc). 
Liabilities  
 66. Accounts payable at 31 December 2006 amounted to CHF 4,298,269 and included the 
following:  (i)amounts payable to suppliers:  CHF 3,510,037,  (ii) amounts payable to WTO staff (e.g. 
travel claims), to consultants and interns for un-liquidated payments on contracts:  CHF 572,058 and 
(iii) other payables of CHF 216,174. 
67. CHF 508,374 (Schedule A) in respect of interest earned in 2006 will be applied against 
assessed contributions for the year 2008 in accord ance with the provisions of the Early Payment 
Encouragement Scheme (see paragraph 80 below) .  The 2005 interest of CHF 238,546 has been 
apportioned and deducted from the 2007 asse ssments on relevant Members.   
68. Advance contributions received from Member s pertaining to 2007 and 2008 amounted to 
CHF 2,925,168 and CHF 251,904, respectively.  Ad vance payments from WTO Observers amounted 
to CHF 7,126. 
69. Total outstanding obligations at 31 December 2006 amounted to CHF 2,384,875 with respect 
to the WTO Secretariat and CHF 1,947 for the Appellate Body and its Secretariat.  WT/BFA/W/157 
 Page 15 
 
 
  70. CHF 27,646,364 covered all contri butions in arrears from Members as at 31 December 2006  
(Statement 4 and Schedule B). 
71. The provision for the Ministerial Operating Fund shows a total of CHF 275,885. 
72. In accordance with the decision of the Ge neral Council (WT/GC/M/72) a provision of 
CHF 1,000,000 has been created to be used as  buffer account in connection with the ‘Doha 
Development Agenda Global Trust Fund'. 
73. The provision for the Security Enhancement Operating Fund (SEOF) shows a total of 
CHF 439,705. 
74. A provision of CHF 500,000 has been created to be  used in connection with the restructuring 
plan. 
75. The balance of the Appellate Body Opera ting Fund (ABOF) amounted to CHF 465,692 on 
31 December 2006. 
76. The balance sheet of all other extra-budgetary funds stood at CHF 18,159,403 on the same 
date (see document WT/BFA/W/158). 
77. As mentioned in paragraph 52 above, the 2006  surplus amounted to CHF 6,996,223. 
VII. WORKING CAPITAL FUND 
78. The Working Capital Fund amounted to CHF 9,370,602 as at 31 December 2006 
(Statement 5).  The principal of the Fund consis ts of the 2006 beginning balance of CHF 5,456,844 
plus interest on investments credited to the Fund during 2006 amounting to CHF 110,6016.  Advances 
made by Members total CHF 3,803,157 as at 31 December 2006.   
79.  Current account balance amounted to CHF 155,1 51 and short term investments amounted to 
CHF 9,000,000 as at 31 December 2006.  An amount of CHF 176,713 has been recorded as receivable 
from Members as well as CHF 38,738 representing withholding tax on interest earned as at 
31 December 2006.  In accordance with WTO Financ ial Regulation 26.4, the accumulated deficit for 
2005 of CHF 309,983 was covered by the Working Cap ital Fund.  However, as a budgetary surplus in 
2006 allowed for the elimination of the accumulated de ficit, the funds were returned to the Working 
Capital Fund. 
VIII.  EARLY PAYMENT ENCOURAGEMENT SCHEME 
80. Pursuant to the Council's approval (C/M/226) of the recommendation of the Committee on 
Budget, Finance and Administration (L/6384) to introduce a system to encourage payment of contributions, interest earned on the current year's contributions is refunded to Members on the basis of calculations which take account of the amount and date of payment.  Schedule A shows the 
apportionment of CHF 508,374 earned as interest in 2006 (Schedule A/Statement 4).  The apportioned 
amounts will be deducted from the releva nt Members' contributions for 2008. 
                                                     
 
6 Inclusive of the CHF 542.35 interest on the current account of the Working Capital Fund. WT/BFA/W/157 
Page 16  
 
  IX. OPERATING FUNDS 
Appellate Body Operating Fund (ABOF)
 
 
81. Expenditure related to the permanent costs of th e Appellate Body and its Secretariat has been 
reported in the previous section.  This section consid ers the variable cost expenditure of the Appellate 
Body consisting of the number of cases brought be fore the Body and their duration.  The third 
replenishment of the fund in 2006 was made thr ough the inclusion of a separate appropriation under 
the regular budget, i.e. CHF 1,100,000 (D ocument WT/BFA/82, Schedule 1–C, Section 11  - Various). 
82. The opening balance of this fund in 2006 amounted to CHF 390,568.  Interest earned, 
amounting to CHF 35,713, was credited to the fund for the financial period 2006.  After recording 
expenditure for 2006 of CHF 1,060,588 the balance of the fund amounting to CHF 465,692 is carried 
forward to 2007. 
Statement of Appellate Body Operating Fund Expenditure  
as at 31 December 2006  
 
     CHF  
 Opening balance as at 1 January 2006     390,568  Transfer from the regular budget   1,100,000 Interest earned during the course of the year  35,713
 
 
Expenditure as at 31 December 2006    Interpreters   17,010 Transcribers   39,526 
Temporary Assistance 47,791 
Travel of Members  453,560 Member's fees   463,640 Miscellaneous   24,776 Postage    14,285
 
 
Less:  Total expenditure  (1,060,588)  
  Closing balance as at 31 December 2006  465,692
 
 
 
Ministerial Operating Fund (MOF)  
83. In 1999 (WT/BFA/44), the Committee on Budget Finance and Administration decided to 
reduce the burden of the costs associated with a Ministerial Conference by spreading the costs over 
two years with a budgetary appropriation in each  year of the regular budget of the WTO of 
CHF 400,000.  In 2004, the provision for the Ministerial Conference Operating F und was increased by 
CHF 200,000 to CHF 600,000 (Document WT/B FA/70, Schedule 1 – B, Section 11  – Various) and was 
maintained in 2006. 
84. Expenditure in 2006 amounted to CHF 343,877 and pertained to the temporary assistance 
payroll with respect to the sixth ministerial conf erence held in December 2005.  After crediting the  WT/BFA/W/157 
 Page 17 
 
 
  operating fund with savings on prior year obligati ons of CHF 19,761, the balance of the fund 
amounting to CHF 275,885 is carried forward to 2007. 
Security Enhancement Operating Fund (SEOF)  
85. As mentioned under Section 11  - Various, Members approved an initial  appropriation of 
CHF 1,119,000 to fund, the first instalment of a five year plan to enhance the security at WTO 
premises.  The second instalment in 2006 amounted to CHF 796,000.  Expenditure in 2006 under the 
SEOF amounted to CHF 391,475.  After accounting fo r the over-expenditure incurred in 2005 of 
CHF 38,538 on infrastructure costs, and crediting the fund with the savings on prior year's obligations CHF 73,718, the overall balance of the fund, as at 31 December 2006, stands at CHF 439,705 and is 
carried forward to 2007.  
 
Statement of expenditure 2006 SEOF
 
 
    CHF  
2006 Replenishment  
 796,000 
Section Items Expenditure 
Sect. 4 Building Facilities Maintenance & Insu rance / Renovation & Alterations 61,975 
Sect. 5 Permanent Equipment Perm Equipment / Lease / Security 330,000 
  Grand Total 391,475 
 Balance carried forward to 2007 439,705 
 
 
Restructuring Operating Fund 2006 (ROF)  
86. Pursuant the CBFA's recommendation, that in light of the fact that developments in the course 
of 2006 had precluded the finalization of a restruct uring plan recommended that an operating fund be 
created to accumulate the designated funds.  The Re structuring Operating Fund (ROF), credited with 
the funds foreseen for this purpose in 2006 of CH F 500,000 and carried forward to 2007, document 
(WT/BFA/93/Add.1).  The policy applicable to this restructuring will be that defined in document 
WT/BFA/W/137. 
X. NEW ANNEXE BUILDING FOR THE WTO7 
87. Pursuant to the agreement between the WT O and the Swiss authorities on the funding 
arrangements as set out in document WT/BFA/ SPEC/67, the Swiss Confederation through the 
‘Fondation pour les immeubles des organisations summarized as (FIPOI)' had arranged for an 
interest-free loan facility of CHF 5 million to be made available to the WTO.  This loan facility, 
considered as part of the original loan of CH F 50 million, whose reimbursement will commence one 
year after completion of construction and will cove r a period of 50 years, was foreseen in connection 
with the pre-construction/studies phase of the tota l construction costs of the new building.   
88. In 2006,  the General Council re-examined the pr oject and agreed to investigate other options 
before taking a final decision on the future offi ce needs of the WTO.  Therefore, the process with 
                                                      
7 WT/BFA/SPEC/104. WT/BFA/W/157 
Page 18  
 
  regard to WTO II was effectively suspended pend ing further consultations and a recommendation in 
the Committee on Budget, Finance and Administration (CBFA) for decision by the General Council. As at the end of 2006, this consultation process be tween the Secretariat and the Swiss authorities was 
continuing, with regular progress reports  having been provided to the CBFA.  WT/BFA/W/157 
 Page 19 
 
 
  XI. REPORT OF THE EXTERNAL AUDITOR ON THE ACCOUNTS OF THE WORLD 
TRADE ORGANIZATION FOR THE FINANCIAL PERIOD 2006 OF THE 
BIENNIUM 2006/2007 
GENERAL  
89. The WTO Financial Rules and WTO Financial Regulations were appr oved by the General 
Council in November 1995 (WT/GC/M/8) and August 2003 (WT/GC/M/82), respectively.  They have 
been applied as from 1 January 1996 and 1 January  2004 respectively and subsequently revised on 
21 May 2007 (WT/L/156/Rev.2 and WT/L/157/Rev.1). 
90. The audit of the 2006 accounts has been carri ed out on the assumption that the transfers 
between budgetary sections proposed in documen t WT/BFA/W/157, paragraphs 41 and 47, in 
accordance with WTO Financial Regulation 24 and WT O Financial Rule 4.4, will be approved by the 
WTO General Council. 
EXPLANATORY NOTES TO THE ACCOUNTS  
Outturn  
91. 2006 - Appropriations authorized by the Members of the WTO for 2006 were 
CHF 170,274,150 for the WTO Secretariat (Statement 1a), and CHF 4,726,000 in respect of the 
Appellate Body and its Secretariat (Statement  1b).  The overall budget of CHF 175,000,150 (WTO 
Secretariat, the Appellate Body and its Secretariat) was to be financed by contributions of CHF 173,700,000 and estimated miscellaneous income of CHF 1,300,150 (WT/BFA/82). 
92. Expenditure under the WTO Secretariat in 2006 amounted to CHF 168,316,779, leaving a 
budgetary surplus of CHF 1,957,371.  With respect to the Appellate Body and its Secretariat, 
2006 expenditure amounted to CHF 4,149,633, resulting in a budgetary surplus of CHF 576,367.  The 
total excess of income over expenditure am ounted to CHF 3,922,789 (Statement 2). 
Outstanding Contributions
 
93. Outstanding contributions as at 31 December 2005 for WTO Members amounted to 
CHF 31,032,182 (WT/BFA/W/142 - Schedule B).  This was reduced by CHF 3,385,818 in 2006.  The 
total outstanding contributions as at 31 December 2006 amounted to CHF 27,646,364  (Schedule B).  
This is made up of CHF 12,769,850 with respect  to 2006 and the balance relates to outstanding dues 
for previous years. WT/BFA/W/157 
Page 20  
 
  94. With respect to the year 2006, the total provision for outstanding obligations amounted to 
CHF 2,386,822, of which CHF 2,308 ,087 related to the regular bud get expenditure account of the 
WTO and CHF 78,735 against va rious financial accounts.   
Part Section WTO Appellate 
Body Grand 
Total 
A Sect  1 Work Years 37,877   37,877  
  Sect  2 Temporary Assistance 1,262,987 1,134 1,264,121  
B Sect  3 Communications 22,310   22,310  
  Sect  4 Building Facilities 103,617  103,617  
  Sect  5 Permanent Equipment 272,770 313 273,083  
  Sect  6 Expendable 16,364  16,364  
  Sect  7 Contractual Services 389,828  389,828  
C Sect  8 Staff Overheads 85,190   85,190  
  Sect  9 Missions 604  604  
  Sect 11 Various 114,592 500 115,092  
Grand Total 2,306,139 1,947 2,308,087  
 
95. At the end of the first year of the bienni um, the General Fund contained an amount of 
CHF 18,159,403 that remained available under Extr a-Budgetary Funds.  In addition, the closing 
position on 31 December 2006 of the Appellate Body Operating Fund amounted to CHF 465,492. 
96. Expenditure under the Ministerial Operating Fund (MOF) amounted to CHF 343,877.  The 
closing position on 31 December 2006 of the MOF amounted to CHF 275,885. 
97. Expenditure in 2006 under the Security Enha ncement Operating Fund (SEOF) amounted to 
CHF 391,475.  After covering the amount that exceeded the allotment in 2005 of CHF 38,538 the 
closing position on 31 December 2006 of the SEOF amounted to CHF 439,705. 
98. No expenditure was incurred in 2006 with r espect to the Restructuring Plan.  On the 
recommendation of the Committee on Budget, Finance and Administration, approved by the General 
Council, the amount of CHF 500,000 was transferred to the Restructuring Operating Fund for the sole use of the restructuring plan in 2007. 
Training programmes – extra ordinary expenses
 
99. As a general practice, WTO provides a daily s ubsistence allowance (DSA), flight tickets, 
terminal expenses as well as accommodation to partic ipants of training programmes either financed 
by WTO or through the Extra Budgetary Funds (EBF).   
100. The no-show of participants causes  considerab le additional administrative burden as well as 
costs, which have to be borne by either WTO or EB F.  This is especially true with respect to the 
refund of unused flight tickets which results in considerable costs.   
101. In the course of the year-end audit the Exte rnal Auditor focused on training programmes, 
which last up to six days and are organized by th e Logistics Unit.  The information received from the 
Logistics Unit revealed that for 2006 the prepaid amo unt of flight tickets, which have not been used, 
amounted to CHF 537,709.50.  However, reimbursements were only CHF 336,169.55, leaving an 
amount of CHF 237,539.95.  The External Audito r noted that neither the receivable nor the 
irrecoverable amounts relating to unused air tickets are disclosed in the current accounting system.    WT/BFA/W/157 
 Page 21 
 
 
  102. The External Auditor recommends: 
• to recognize flight tickets of no-show participants as receiva ble against the travel agency 
which originally provided the tickets; 
• to disclose the difference between the amounts paid for the ticket and the amounts 
reimbursed as irrecoverable receivables that should be written off. 
 
PERFORMANCE AUDIT OF THE FIRST FINANCIAL PERIOD OF THE BIENNIUM 2006/2007  
103. According to Regulation 47 paragraph 2 of th e Financial Regulations of the WTO, the 
"external auditor may make observati ons with respect to the efficiency of the financial procedures, the 
accounting system, the internal financial controls a nd, in general, the administration and management 
of the WTO." Consequently, a performance audit w as conducted from 13 to 24 November 2006 at the 
premises of WTO.  
104. The scope of the performance audit co mprised inter alia following items: 
• Procurement 
• Overtime 
• International Public Sector Accounting Standards (IPSAS). 
105. The result of the performan ce audit was communicated to WTO on 21 December 2006 and 
the conclusions from this audit are cont ained in the following chapters.   
Procurement  
 
106. The WTO Financial Rules (WT/L/157) contai n under Section X the requirement to hold 
contract committee meetings whenever a single pu rchase of goods or services is likely to exceed 
CHF 30,000.   
107. Based on the recommendation of the external auditor in their report on the 1999 DG's 
Budgetary and Financial Report (document WT /BFA/W/42) the amount was increased to 
CHF 50,000.   
108. Although the WTO applied the limit of CHF 50,000, the WTO Financial Rules have not been 
updated accordingly. 
109. The External Auditor noted that in the recently approved Financial Rules (WT/L/157/Rev.1 
dated 21 May 2007) the amount has been changed to CHF 50,000. 
110. The review of purchase orders above CHF 20,0 00, paid in 2006, highlighted a number of 
weaknesses in the procurement process leading to:  
• late payments of invoices (up to 190 days); 
• invoices which have been received up to 152 da ys prior to the creation of the purchase 
order; 
• invoices which have been received up to 251 days  prior to the approval of the purchase 
order; 
• invoices which have been paid up to 136 da ys prior to the approval of the purchase 
order. WT/BFA/W/157 
Page 22  
 
  111. The explanation obtained from WTO indicat ed the following reasons for the above 
highlighted issues: 
• late processing by units involved in the WTO; 
• errors in the distribution of invoices in WTO; 
• issues with the suppliers. 
112. The WTO Financial Regulations contain in th e current version (WT/L/156/Rev.2) as well as 
in its previous versions under Chapter X Internal C ontrol in regulation 45 that "the Director General 
shall establish rules for procurement of equipment,  supplies and other requirements, including rules 
governing the invitation of tenders". 
113. The External Auditor noted that the above rules have not been formally established. 
114. The External Auditor recommended in a previ ous report that actions should be taken to 
comply with the above-mentioned requirements in cluding the establishment of a "Procurement and 
Supplier Selection Policy" as well as signature author ities (value related) for external commitments 
taking into consideration the value of the total commitment and the life-span of the acquisition.  
115. The External Auditor noted that progress was achieved in administering the procurement 
process.  However, the establishment of a sound  "Procurement and Supplier Selection Policy" 
addressing the above raised issues has not yet been tackled. 
Overtime
 
116. According to the WTO Staff Rules (WT/L/282) staff members (grade 1-7) may occasionally 
be required to work in excess of the normal work ing week, if the circumstances so justify and upon 
the request of the supervisor (Rule 106.1b).  Ov ertime working will be authorized only on an 
exceptional and non-recurring basis (Rule 106.1b).  Staff members shall be entitled to compensatory time off or may receive payment under conditions estab lished by the Director General (Rule 106.6a).   
117. According to the WTO Financial Rules (WT//L /157) claims for overtime should be submitted 
within one week after such overtime has been completed.  
118. The review of the External Auditor revealed that: 
• no conditions regarding the compensation of overtime have been formally established 
by the Director General as stipulated in the WTO Staff Rules (Rule 106.6a); 
• WTO does not have an electronic time recording system which would permit the 
monitoring of working hours done by staff members; 
• the prior request by the supervisor to the st aff member to perform overtime is not always 
complied with. 
119. During the first three quarters in 2006 an amount of CHF 505,934.65 had been spent on 
overtime compensation payments for permanent st aff and CHF 77,912.65 on temporary staff totalling 
to CHF 583,847.30.   
120. CHF 110,733.20 (18,97 per cent) of the overa ll overtime expenditures (permanent and 
temporary staff members) relate to the Text-p rocessing Section, CHF 101,832.80 (17,44 per cent) 
relate to the Messengers and Drivers Unit and CHF 62, 781.55 (10,75 per cent) relate to the Security 
and Safety Section.  WT/BFA/W/157 
 Page 23 
 
 
  121. The review of the average overtime payments per staff member per section identified the 
following: 
Overtime of more than CHF 1,000  
paid per Staff Member (January - September 2006)  (CHF) 
  
Messengers & Drivers Unit 16,972  
Security and Safety Section 6,278 
Telecommunications Unit 5,408  
Operations Unit 3,826  
Technical Services & Buildings Unit 3,194  
Documents Control Section 2,959  
Text-processing Section 2,575  
Documents Reproduction & Distribution Section 2,055  
Conference Office 2,055  
Administrative Applications and Systems Section  1,736  
DDG Department  1,178  
Office of the Direct or-General 1,147  
 
 122. In addition, it was revealed that overtime compensated by time off amounted to 517 days. 
123. Considering that the WTO Staff Rules clearly state that overtime can only be done on an 
occasional and non-recurring basis, the figures for the first three quarters of 2006 reveal that this 
directive has  not been complied with. 
124. The External Auditor recommends that WTO: 
• comply with the provision in the WTO St aff Rules and establish conditions for the 
compensation of overtime; 
• consider implementing rules that overtime should be compensated by time off and only 
on an exceptional basis through payments; 
• consider the implementation of an electronic time recording system; 
• establish a standard claim template for the recording of overtime (if possible IT 
supported). 
125. In addition the External Auditor recommends th at, in those areas where overtime is done on a 
regular basis: 
• the pattern of the overtime worked should be monitored and a shift-work principle 
implemented where appropriate; 
• additional staff should be hired or the po ssibility of outsourcing to third parties 
considered where appropriate. 
126. During the year-end audit the External Auditor received a first draft paper defining the 
conditions for the compensation of overtime.  In a ddition, it was noted that a new overtime form was 
introduced that requires prior authori zation by the supervisor in any case. WT/BFA/W/157 
Page 24  
 
  International Public Sector Accounting Standards
 (IPSAS) 
127. The adoption of IPSAS as the accounting standards for international institutions will lead to a 
radical change in the financial management of t hose institutions.  The UN has decided to adopt IPSAS 
effective no later than reporting periods beginnin g 1 January 2010.  The External Auditor was 
informed that WTO is participating in the wo rk of the UN High Level Committee on Management on 
the implementation of IPSAS in the UN system.   
128. The External Auditor recommends that an implementation plan for IPSAS should be 
established tackling inter alia  the following items: 
• Project team and resource requirements. 
• Time frame for implementation. 
• Analysis of impacted divisions. 
• Impact and requirements on IT-system. 
• External consultancy and traini ng of relevant staff members. 
129. The External Auditor recommends that the i ssue of implementation of IPSAS should be 
addressed to the General Council as well as to the Co mmittee on Budget, Finance and Administration.  
UPDATE ON PREVIOUS AUDIT ITEMS  
US Tax  
 130. Staff members of US nationality or holding US permanent residence working for international 
institutions (including the UN Common System as well as WTO) have to declare and pay taxes on 
their income.  However, the US provides relie f for taxes due on institutional income via tax 
reimbursement schemes for affected staff in  a number of international institutions.  
131. The Tax Reimbursement Agreements (TRA) wh ich have been signed between the US and 
WTO are based on the "first-income method" meaning that non-WTO income does not receive full benefit from exemptions and is taxed at the highest marginal rate.   
132. However, the "last-income method" would put US  staff members in a situation similar to non-
US staff members, since non-US staff member's income is exempt and non-WTO income can fully 
benefit from exemptions and st andard/itemized deductions.  
133. An ILO Administrative Tribunal (ILOAT) jurisprudence, found that the "first-income 
method" is in breach of the principle of equality.   Therefore, with effect from the 2004 fiscal year 
WTO applies the "last-income method".  This resu lted in additional costs for the WTO budget of 
CHF 72,329 in 2005 and CHF 49,924 in 2006 included in the position Staff Overheads. 
134. The WTO Secretariat contacted the US authorities in early 2006 regarding a revision of the 
Tax Reimbursement Agreement between the US and the WTO.  The External Auditor was informed 
that a reply has been received from the US authorities in  late 2006 stating that they are not prepared to 
change their longstanding ta x reimbursement policy.  
135. The external auditor noted a significant increase of US tax amounts receivable from the US 
tax authorities over recent years.   WT/BFA/W/157 
 Page 25 
 
 
  Year 2003 2004 2005 2006 
US tax amount receivable from 
US authorities in CHF 354,326 390,188 722,293 1,177,340 
 
136. The External Auditor reiterates the reco mmendations that the WTO Secretariat: 
• may verify the reason for the increase of receivables relating to US tax as well as their 
recoverability;  
• review the administrative process of handling the US tax claims, taking also into 
consideration the training of a back-up person as well as the possibility of outsourcing 
this process to a third party;  and  
• continue its efforts to renegotiate the Ta x Reimbursement Agreement with a view to 
obtaining reimbursement of taxes calculated according to the last income method in line 
with the ILOAT decision. 
Cancun Ministerial Conference  
 
137. The Ministerial Conference in 2003 was held in Cancun, Mexico.  The total receivable from 
the government of the host-country to cover the additional costs arising from the fact that the venue was not held at the Geneva site amounted to CHF 1,385,596.  The WTO received CHF 1,040,978 
from the government of the host country.  The outstanding amount receivable of CHF 344,618 was 
disclosed in the annual accounts in 2004, 2005 as well as in 2006.   
138. The External Auditor noted that in early 2007 communications took place between the WTO 
and the permanent mission of Mexico to the WTO and recommended to continue their efforts to get 
the outstanding amount reimbursed.  
After Service Health Benefit (ASHI)
 
 139. Like all international institutions the WTO participates in the premiums for medical and 
dental insurance of its retirees.  The liabilities pertai ning to these benefits have not been recognized in 
financial statements.  Those benefits are paid and expressed as an ongoing charge to the regular 
budget. 
140. The External Auditor noted that the United Nati ons took the decision to recognize all accrued 
liabilities for ASHI as from 31 December 2006 onwards.   
141. The External Auditor was informed that an actuary has been engaged to determine the 
accrued liability regarding the post-retirement health in surance benefit.  The report is expected to be 
received by July 2007. 
WTO Pension Plan
 
 142. According to Article 5(f) of the Regulati ons of the WTO Pension Plan (WTOPP) "All 
expenses incurred in administering the plan … shall be  borne by the Plan."  The Balance Sheet of the 
WTOPP includes since 2004 a reserve of CHF 250,000 relating to operating costs potentially invoiced 
by WTO.  However, the External Auditor noted th at since the establishment of the WTOPP no costs 
have been charged to WTOPP from WTO with respect to personnel resources and office space WT/BFA/W/157 
Page 26  
 
  provided by WTO.  The External Auditor recomme nded to comply with above-mentioned regulation 
and to determine the cost elements which are to be charged to WTOPP. 
143. In the course of the year-end audit, the Ex ternal Auditor was info rmed that the WTOPP 
Management Board had established a working group with the task of reviewing the actuarial 
assumptions underpinning the Plan and that the working group would be making recommendations 
with regard to the full charging of operational costs to the Plan. 
144. At present the Director of Administration and General Services Division acts also as 
Secretary of the WTOPP.  As Director of Administration and General Division, he reports to the Deputy Director-General.  However, as Secretary of the WTOPP, he has to act under the authority of 
the Management Board of the WTOPP (Documen t WTOPP(05)3/Rev.1).  The External Auditor 
would like to suggest to take into consideration a segregation of duty between those two functions to 
avoid a potential conflict of interest.  
Internal Oversight
 
 145. The need for an internal oversight function w ithin the WTO was highli ghted by the External 
Auditor in various reports.  The Director-Gener al's Budget Proposals for the biennium 2006-2007 
included for the year 2007 two new posts (interna l auditor and support position), which have been 
approved by the General Council.  
146. The External Auditor was informed that a v acancy note for the internal auditor position is 
foreseen to be issued in July 2007. 
WTO Publications Unit
 
 
147. The review of the External Auditor iden tified weaknesses regarding the organizational 
structure, the accounting process, the accuracy of  inventories as well as the publication policy.  
Corrective actions have been initiated by engagi ng external consultants to assist the WTO in 
establishing a reliable inventory value for the 2005 y ear-end financial statements.  In addition, the 
consultants were tasked to define adequate acc ounting processes regarding the publications unit.  The 
External Auditor appreciated the initiatives taken and acknowledged that certain progress was 
achieved.  However, there is still room for impr ovement with respect to the inventory process. 
Outstanding contributions from Former Yugoslavia  
 148. In his report on the WTO accounts of 2003 (WT/BFA/W/114), the External Auditor 
highlighted the outstanding 1991 and 1992 contribut ions of the Former Yugoslavia and recommended 
that this issue should be examined with rega rd to a possible write-off of these amounts.   
149. The External Auditor noted that no further pr ogress regarding this issue was achieved.  
Although the External Auditor is aware of the political  relevance of this issue, it is recommended that 
in the course of the introduction of IPSAS, this i ssue should be re-considered under fair value aspects 
(see IPSAS 23).  WT/BFA/W/157 
 Page 27 
 
 
  Central archive and IT-database  
 150. The External Auditor identified the need for a central archivi ng system and an IT-database for 
the storage and recording of WTO contracts.  The External Auditor was informed during the previous 
audit that initiatives will be taken in 2006, includi ng the possible establishment of a post of Archivist. 
In the course of the year-end audit the External A uditor was informed that all WTO contracts are now 
centrally stored and administered by a dedicated person.  
 
 
(signed) 
_________________________________________ 
 
Josef Moser 
President of the Austrian Court of Audit WT/BFA/W/157 
Page 28  
 
  OPINION OF THE EXTERNAL AUDITOR ON THE ACCOUNTS 
OF THE WORLD TRADE ORGANIZATION FOR THE 
PERIOD ENDED 31 DECEMBER 2006 
 
 
151. The representatives of the Austrian Court of Aud it have examined the Financial Statements in 
document WT/BFA/W/157 relating to the financia l period 2006 including Statements 1 to 6, 
Schedules A, B, C, D, E, F, G, H, I and an Annex.   Furthermore, the representatives of the Austrian 
Court of Audit have examined the Financial St atements on Extra-Budgetary Funds in document 
WT/BFA/W/158 relating to the financial period 2006 on a sample basis.  Their examination included 
a general review of the accounting procedures and such tests of the accounting records and other 
supporting evidence, as they considered necessary in the circumstances.  As a result of the 
examination, the opinion is given that these statements, which were prepared in conformity with the accounting policies described in the Annex of the documents WT/BFA/W/157 were applied on a basis 
consistent within the year 2006.  They present fairly the financial position of the World Trade 
Organization as at the end of the first financ ial period covering the biennium 2006/2007.  The 
financial statements were prepared in accordan ce with the stated accounting principles.  The 
transactions were in accordance with the Financial Rules and the Financial Regulations set out in 
WT/L/157 and WT/L/156/Rev.1 including further instructions in WT/BFA/W/121 and with legislative authority. 
 
  
(signed) 
_________________________________________ 
Josef Moser 
President of the Austrian Court of Audit 
 
 
 
 
 
  
   WT/BFA/W/157
 Page 29Statement 1a  
WORLD TRADE ORGANIZATION  
WTO Secretariat  
 
Statement of Budgetary Expenditure 2006  
(in Swiss francs)  
 
 
Part Section Original 
Appropriation 
(WT/GC/M/100) Expenditure Balance Proposed 
Transfers Final 
Appropriations Balance 
A Sect  1 Work Years 108,922,700 106,864,707 2,057,993 (1,845,681) 107,077,019 212,312  
  Sect  2 Temporary Assistance 13,724,800 15,570,481 (1,845,681) 1,845,681 15,570,481 0  
B Sect  3 Communications 2,023,000 1,744,564 278,436 (101,067) 1,921,933 177,369  
  Sect  4 Building Facilities 3,437,000 3,538,067 (101,067)  101,067 3,538,067 0  
  Sect  5 Permanent Equipment 2,831,000 2,604,465 226,535 0 2,831,000 226,535  
  Sect  6 Expendable 1,180,500 1,016,543 163,957 0 1,180,500 163,957  
  Sect  7 Contractual Service 7,071,200 7,057,545 13,655 0 7,071,200 13,655  
C Sect  8 Staff Overheads 2,976,500 3,045,537 (69,037) 69,037 3,045,537 0  
  Sect  9 Missions 2,679,000 2,711,920 (32,920) 32,920 2,711,920 0  
  Sect 10 Trade Policy Training Courses 3,541,000 3,116,013 424,987 (101,957) 3,439,043 323,030  
  Sect 11 Various 4,603,700 3,863,187 740,513 0 4,603,700 740,513  
  Sect 12 Unforeseen 100,000 0 100,000 0 100,000 100,000  
D Sect 13 ITC 17,183,750 17,183,750 0 0 17,183,750 0  
Grand Total 170,274,150 168,316,779 1,957,371 0 170,274,150 1,957,371  
 
 
 
 
    
 
  (signed)  (signed)  
  _____________________________________ _____________________________________ 
  Pascal Lamy Robert Luther 
  Director-General Director 
   Administration and General Services Division  
  WT/BFA/W/157 
Page 30  
Statement 1b
WORLD TRADE ORGANIZATION  
Appellate Body and its Secretariat  
 
Statement of Budgetary Expenditure 2006  
(in Swiss francs)  
 
 
Part Section Original Appropriation 
(WT/GC/M/100) Expenditure Balance Proposed 
Transfers Final Appropriations Balance 
A Sect  1 Work Years 2,716,800 2,178,426 538,374 (45,107) 2,671,693 493,267  
  Sect  2 Temporary Assistance 65,600 110,707 (45,107)  45,107 110,707 0  
B Sect  3 Communications 6,500 4,631 1,869 0 6,500 1,869  
  Sect  4 Building Facilities 18,000 23,594 (5,594) 5,594 23,594 0  
  Sect  5 Permanent Equipment 36,000 34,725 1,275 0 36,000 1,275  
  Sect  6 Expendable 20,000 10,396 9,604 (5,594) 14,406 4,010  
  Sect  7 Contractual Services 15,000 8,129 6,871 0 15,000 6,871  
C Sect  8 Staff Overheads 39,000 34,357 4,643 (2,473) 36,527 2,170  
  Sect  9 Missions 10,000 12,473 (2,473) 2,473 12,473 0  
  Sect 11 Various 1,799,100 1,732,195 66,905 0 1,799,100 66,905  
Grand Total 4,726,000 4,149,633 576,367 0 4,726,000 576,367  
 
 
 
  
 
  
  
(signed) (signed)  
  _____________________________________ _____________________________________ 
  Pascal Lamy Robert Luther 
  Director-General Director 
   Administration and General Services Division  
   WT/BFA/W/157
 Page 31 
WORLD TRADE ORGANIZATION  
  Statement 2  
Income and Expenditure Account for the Year 2006  
(in Swiss francs) 
       
EXPENDITURE   CHF INCOME     CHF 
Expenditure:     Contributions  assessed on Members   173,700,000
     WTO Secretariat 168,316,779         
     Appellate Body and its Secretariat 4,149,633  172,466,412 Miscellaneous:     
           Sale of pub lications and souvenirs  372,728   
           Royalties on sale of publications  79,374   
Excess of income over expenditure:          Gain on exchange  144,881   
     WTO Secretariat 3,345,161        Savings  on previous year's outstanding obligation:     
     Appellate Body and Its Secretariat 577,628  3,922,789           WTO Secretariat  170,121   
     Sub-total Excess of income over expenditure               Appellate Body and Its Secretariat  1,261   
             
             
           Rental of meeting room, office space and parking     
           at Centre W illiam Rappard to others:  136,520   
           Contributions of Observers  833,760   
           Interest on current accounts  125,488   
           Various  825,068  2,689,201
            
           
            
    176,389,201       176,389,201 
       
       
(signed)    (signed)     
Pascal Lamy   Robert Luther    
Director-General   Director    
   Administration and Gene ral Services Division    
  
  WT/BFA/W/157 
Page 32  
WORLD TRADE ORGANIZATION  
  Statement 3  
Surplus Account for the Year 2006  
(in Swiss francs) 
       
DEBITS CHF CREDITS     CHF 
Balance as at 1st January 2006 309,983 Decrease of provision for contributions in arrears    3,385,818 
           
Write off of irrecoverable publications invoices 2,401 Excess of income over expenditure:      
         2006 Estimated budget  (1,300,150)     
         2006 Actual WTO Secretariat 2,687,940     
         2006 Actual Appellate Body and Its Secretariat 1,261  1,389,051    
           
           
         2006 Budgetary surplus      
         WTO Secretariat 1,957,371    
         Appellate Body and Its Secretariat 576,367  2,533,738  3,922,789 
           
           
           
           
           
           
Accumulated surplus as at 31 December 2006 6,996,223        
  7,308,607       7,308,607  
      
      
      
(signed)   (signed)     
Pascal Lamy  Robert Luther    
Director-General  Director    
  Administration and General Services Division    
  
   WT/BFA/W/157
 Page 33WORLD TRADE ORGANIZATION                                                                                                      Statement 4  
Statement of Assets and Liabilities for 2006 GENERAL FUNDS   
(in Swiss francs)  
ASSETS   CHF LIABILITIES   CHF 
Cash in Hand 10,000   Accounts payable:     
Cash at Bank 12,485,852        Suppliers 3,510,037   
Investments in CHF 10,000,000        Staff/SSA/Interns 572,058   
Investments in USD 726,000        Miscellaneous 216,174  4,298,269 
Investments in EURO 4,144,400         
Investments in GBP 4,726,000  32,092,252 Interest earned to be distributed to Members     
          In 2005 238,546   
          In 2006 508,374  746,920 
     
Receivable Deposit--UNDP  88,950 Contributions  paid in advance by Members   3,177,072 
Receivable Contributions from Members  27,646,364 Pa yments made in advance by Observers   7,126 
           
Receivable Contributions from Observers  890,831 Reserve for 2006 obligations outstanding as at 31 December 2006     
          WTO Secretariat 2,384,875   
Receivable Cancun Ministerial Meeting in 2003  344,618      Appellate Body and Its Secretariat 1,947  2,386,822 
           
Miscellaneous Accounts Receivable:    Provi sion for contributions in arrears   27,646,364 
     WTO Secretariat 3,803,303   Provisi on for Ministerial Operating Fund   275,885 
     Appellate Body and Its Secretariat 40,800  3,844,103 Provision for Doha Developmen t Agenda Global Trust Fund   1,000,000 
     Provision for Security Enhancement Operating Fund   439,705 
Inventory - Publications  1,116,159 Re structuring  Operating Fund   500,000 
Prepaid Expenditure  76,204 Appellate Body Op erating Fund (document WT/BFA/W/157)   465,692 
     Extra-budgetary Funds ( document WT/BFA/W/158)   18,159,403 
      Accumulated Surplus as at 31 December 2006   6,996,223 
    66,099,481     66,099,481 
1)  The value of the Centre William Rappard donated by the Swis s authorities in application of the Headquarters Agreement has b een estimated at CHF 56,000,000. 
2)  Furniture equipment, IT equipment and vehicles are charged to the budget at time of  purchase.  The value at cost of items s till held at 31 December 2006 was CHF 20,687,145 (including leased 
equipment) 
3)  Stocks of publications, for sale and free distri bution, and other expendable stores were also held.  
                  
(signed)        (signed)    
Pascal Lamy   Robert Luther  
Director-General   Director  
Administration and Gene ral Services Division   
  WT/BFA/W/157 
Page 34  
WORLD TRADE ORGANIZATION  
  Statement 5  
Statement of Assets and Liabilities for the Year 2006  
WORKING CAPITAL FUND  (in Swiss francs) 
       
ASSETS   CHF LIABILITIES AND CAPITAL FUND     CHF 
Working Capital Fund held in current account   155,151 Principal of Fund:      
       Sums held to the credit of WTO:      
Investments:         Balance as at 1 January 2006  5,456,844   
    Short term investments   9,000,000      Interest on investments during 2006  110,059   
           Interest on current account during 2006  542  5,567,445 
            
            
Receivable from Members   176,713   Advances made by Members as at 1 Janu ary 2006    3,803,157 
           
Receivable "withholding tax"   38,738        
             
             
             
             
             
             
             
    9,370,602       9,370,602 
       
       
       
(signed)    (signed)     
Pascal Lamy   Robert Luther    
Director-General   Director    
   Administration and General Services Division    
  
   WT/BFA/W/157
 Page 35 
WORLD TRADE ORGANIZATION  
  Statement 6  
Statement of WTO Annex Building Fu nd - Phase I for the Year 2006  
(in Swiss francs) 
       
DEBITS   CHF CREDITS     CHF 
Funds held in current account   11,925 Loan payable to FIPOI    5,000,000
             
Receivable "Withholding Tax"   728 I nterest on current account  151   
      Bank charges on current account  (92)  59 
Construction-in progress   4,990,703 Sub-total Interest and bank charges on current account     
             
      Interest on investments    1,605
             
      Accumulated interest    1,692
             
             
             
             
            
             
             
             
    5,003,356       5,003,356 
       
       
       
(signed)    (signed)     
Pascal Lamy   Robert Luther    
Director-General   Director    
   Administration and General Services Division    WT/BFA/W/157 
Page 36  
 
  SCHEDULE A 
2006 Early Payment Encouragement Scheme
 
Interest to be Distributed  
 
Member Interest 
Albania 93 
Angola 524 
Antigua & Barbuda 111 
Armenia 86 
Australia 5,220 
Austria 10,079 
Bahrain 372 
Bangladesh 45 
Barbados 72 
Belgium 15,885 
Botswana 156 
Brazil 6,413 
Brunei Darussalam 145 
Bulgaria 699 
Cambodia 59 
Canada 28,241 
Chile 1,096 
China 8,382 
Chinese Taipei 2,715 
Colombia 863 
Costa Rica 38 
Croatia 856 
Cuba 317 
Cyprus 359 
Czech Republic 3,528 
Denmark 6,557 
Dominican Republic 523 
Ecuador 590 
Egypt 60 
El Salvador 10 
Estonia 509 
Fiji Islands 99 
Finland 4,446 
France 30,139 
Georgia 50 
Germany 56,102 
Ghana 7 
Greece 2,330 
Guatemala 430  WT/BFA/W/157 
 Page 37 
 
 
  Member Interest 
Guyana 64 
Haiti 35 
Honduras 4 
Hong Kong 22,503 
Hungary 3,682 
Iceland 87 
India 4,323 
Indonesia 2,590 
Ireland 9,071 
Israel 1,216 
Italy 24,554 
Jamaica 82 
Japan 31,788 
Jordan 346 
Kenya 217 
Korea 28,626 
Kyrgyz Republic 85 
Latvia 381 
Lesotho 99 
Liechtenstein 183 
Lithuania 439 
Luxembourg 2,566 
Macao 433 
Madagascar 40 
Malaysia 7,327 
Maldives 56 
Mali 1 
Malta 323 
Mauritius 264 
Mexico 13,036 
Moldova 99 
Mongolia 111 
Morocco 745 
Mozambique 96 
Nepal 124 
Netherlands 22,592 
New Zealand 1,725 
Nicaragua 118 
Norway 5,684 
Oman 364 
Pakistan 507 
Panama 351 
Papua New Guinea 152 WT/BFA/W/157 
Page 38  
 
  Member Interest 
Poland 5,386 
Portugal 2,807 
Qatar 339 
Romania 1,148 
Saint Kitts & Nevis 68 
Saint Lucia 90 
Saudi Arabia 3,772 
Singapore 15,375 
Slovak Republic 1,399 
Slovenia 1,082 
Solomon Islands 99 
South Africa 2,527 
Spain 13,914 
Sri Lanka 162 
Suriname 7 
Swaziland 108 
Sweden 9,228 
Switzerland 10,201 
Tanzania 90 
Thailand 7,300 
Trinidad and Tobago 301 
Tunisia 707 
Turkey 5,109 
Uganda 73 
United Arab Emirates 3,478 
United Kingdom 40,798 
United States of America 7,285 
Uruguay 67 
Zambia 111 
Zimbabwe 49 
Grand Total 508,375 
 
    
 
  
   WT/BFA/W/157
 Page 39SCHEDULE B/TABLEAU B/CUADRO B  
 
  STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2006/ ETAT DES ARRIERES DE 
CONTRIBUTIONS AU 31 DECEMBRE 2006/ ESTADO DE CONTRI BUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2006 ADMINISTRATIVE 
MEASURES  
MESURES 
ADMINISTRATIVES  
MEDIDAS 
ADMINISTRATIVAS  
(see/voir/véase p. 6) 2006  
CURRENT YEAR SITUATION  
SITUATION DE L'ANNEE COURANTE 
SITUACIÓN DEL AÑO EN CURSO 2007 
  Swiss Francs/Francs suisses/Francos suizos CATEGORY/CATEGORIA Swiss Francs/Francs suisses/Francos suizos CHF 
  Members / Membres / Miembros 1969-
1988 1989-
2002  2003  2 004  2005  2006  TOTAL I II III IV  
INACTIVE/
INACTIVA Assessment 
Contribution 
Contribución Interest 
Intérêts 
Intereses Payments 
Paiements 
Pagos Outstanding
Arriérés 
Pendiente Advance 
Avance 
Adelantado 
  Albania/Alba nie/Albania 0  0 0 0 0 0 0         29,529 (19) (29,510) 0   
  Angola  0  0 0 0 0 0 0         137,223 (93) (137,130) 0 1,216  
  Antigua and Barbuda/Antigua-et-
Barbuda/Antigua y Barbuda 0  0 0 0 0 0 0         26,055 - (26,055) 0 69,041  
  Argentina/Argentine/Argentina 0  0 0 0 169,841 625,320 795,161         625,320 - 0 625,320 - 
  Armenia/Arménie/Armenia   0 0 0 0 0 0         26,055 - (26,055) 0 - 
  Australia/Australie 0  0 0 0 0 0 0         1,933,281 (1,604) (1,931,677) 0 - 
  Austria/Autriche 0  0 0 0 0 0 0         2,400,534 (1,653) (2,398,881) 0 - 
  Bahrain/Bahreïn 0  0 0 0 0 0 0         135,486 (96) (135,390) 0 - 
  Bangladesh 0  0 0 0 0 0 0         182,385 (37) (182,348) 0 - 
  Barbados/Barbade 0  0 0 0 0 0 0         31,266 0 (31,266) 0 - 
  Belgium/Belgique/Bélgica 0  0 0 0 0 0 0         4,549,203 (1,838) (4,547,365) 0 - 
  Belize/Belice 0  0 0 0 0 26,051 26,051         26,055 (4) 0 26,051 - 
  Benin/Bénin 0  0 0 0 0 24,618 24,618         26,055 (11) (1,426) 24,618 - 
  Bolivia/Bolivie 0  0 0 0 0 39,947 39,947         39,951 (4) 0 39,947 - 
  Botswana 0  0 0 0 0 0 0         57,321 (32) (57,289) 0 - 
  Brazil/Brésil/Brasil 0  0 0 0 0 0 0         1,509,453 0 (1,509,453) 0 - 
  Brunei Darussalam/Brunéi Darussalam 0  0 0 0 0 0 0         62,532 (28) (62,504) 0 - 
  Bulgaria/Bulgarie 0  0 0 0 0 0 0         187,596 (133) (187,463) 0 - 
  Burkina Faso 0  0 0 0 4,672 26,038 30,710         26,055 (17) 0 26,038 - 
  Burundi 666,623  374,409 23,070 24,084 25,110 26,055 1,139,351       1 26,055 0 0 26,055 - 
  Cambodia,Kingdom/Cambodge,Royaume 
du/Camboya,Reino   0   0 0 0 0         50,373 0 (50,373) 0 618  
  Cameroon/Cameroun/Camerún 0  0 0 26,133 56,871 53,847 136,851   1      53,847 0 0 53,847 - 
  Canada/Canadá 0  0 0 0 0 0 0         6,652,710 (5,658) (6,647,052) 0 - 
  Central African Republic/République 
centrafricaine/República Centroafricana 550,128  374,409 23,070 24,084 25,110 26,055 1,022,856       1 26,055 0 0 26,055 - 
  Chad/Tchad 813,684  347,217 23,070 24,084 25,110 26,055 1,259,220       1 26,055 0 0 26,055 - 
  Chile/Chili 0  0 0 0 0 0 0         501,993 (15) (501,978) 0 9  
  China, People's Republic of/Chine, 
République populaire de/ China, 
República Popular de   0 0 0 0 0 0         7,102,593 (168) (7,102,425) 0 - 
  Colombia/Colombie 0  0 0 0 0 0 0         338,715 0 (338,715) 0 83,315   
  WT/BFA/W/157 
Page 40 
  STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2006/ ETAT DES ARRIERES DE 
CONTRIBUTIONS AU 31 DECEMBRE 2006/ ESTADO DE CONTRI BUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2006 ADMINISTRATIVE 
MEASURES  
MESURES 
ADMINISTRATIVES  
MEDIDAS 
ADMINISTRATIVAS  
(see/voir/véase p. 6) 2006  
CURRENT YEAR SITUATION  
SITUATION DE L'ANNEE COURANTE 
SITUACIÓN DEL AÑO EN CURSO 2007 
  Swiss Francs/Francs suisses/Francos suizos CATEGORY/CATEGORIA Swiss Francs/Francs suisses/Francos suizos CHF 
  Members / Membres / Miembros 1969-
1988 1989-
2002  2003  2004  2005  2006  TOTAL I II III IV  
INACTIVE/
INACTIVA Assessment 
Contribution 
Contribución Interest 
Intérêts 
Intereses Payments 
Paiements 
Pagos Outstanding
Arriérés 
Pendiente Advance 
Avance 
Adelantado 
  Congo 504,227  322,874 35,374 38,534 41,850 39,951 982,810       1 39,951 0 0 39,951 - 
  Costa Rica 0  0 0 0 0 120,997 120,997         170,226 (54) (49,175) 120,997 - 
  Côte d'Ivoire 0  110,163 96,894 101,153 103,788 104,220 516,218       1 104,220 0 0 104,220 - 
  Croatia/Croatie/Croacia   0 0 0 0 0 0         253,602 0 (253,602) 0 - 
  Cuba 0  0 0 0 0 0 0         100,746 (17) (100,729) 0 - 
  Cyprus/Chypre/Chipre 0  0 0 0 0 0 0         118,116 (71) (118,045) 0 - 
  Czech Republic/République 
tchèque/República Checa 0  0 0 0 0 0 0         974,457 (658) (973,799) 0 658  
  Democratic Republic of the 
Congo/République démocratique du 
Congo/República Democrática del Congo 496,277  466,051 24,608 30,506 25,110 26,055 1,068,607       1 26,055 0 0 26,055 - 
  Denmark/Danemark/Dinamarca 0  0 0 0 0 0 0         1,684,890 (1,158) (1,683,732) 0 - 
  Djibouti 0  258,330 23,070 24,084 25,110 26,055 356,649       1 26,055 0 0 26,055 - 
  Dominica/Dominique 0  21,237 23,070 24,084 25,110 26,055 119,556       1 26,055 0 0 26,055 - 
  Dominican Republic/République 
dominicaine/República Dominicana 673,388  0 0 0 0 7,867 681,255         206,703 0 (198,836) 7,867 - 
  Ecuador/Equateur 0  0 0 0 0 0 0         138,960 (29) (138,931) 0 184,261  
  Egypt/Egypte/Egipto 0  0 0 0 0 0 0         420,354 (44) (420,310) 0 - 
  El Salvador 0  0 0 0 0 103,554 103,554         105,957 (24) (2,379) 103,554 - 
  Estonia/Estonie/Estonia 0  0 0 0 0 0 0         119,853 (97) (119,756) 0 135,121  
  European Communities/Communautés 
européennes/ Comunidades Europeas   0  0 0 0 0 0 0         0   0   - 
  Fiji/Fidji 0  0 0 0 0 0 0         26,055 (14) (26,041) 0 - 
  Finland/Finlande/Finlandia 0  0 0 0 0 0 0         1,056,096 (941) (1,055,155) 0 - 
  Former Yugoslav Republic of 
Macedonia/Ex-Ré publique You goslave de 0  0 0 0 0 0 0         41,688 (3) (41,685) 0   
  France/Francia 0  0 0 0 0 0 0         8,723,214 (7,027) (8,716,187) 0 - 
  Gabon/Gabón 0  48,039 52,292 56,196 56,916 52,110 265,553       1 52,110 0 0 52,110 - 
  Gambia/Gambie 590,173  302,477 23,070 24,084 25,110 26,055 990,969       1 26,055 0 0 26,055 - 
  Georgia/Georgie   0 0 0 0 12,705 12,705         26,055 (2) (13,348) 12,705 - 
  Germany/Allemagne/Alemania 0  0 0 0 0 0 0         15,297,759 (12,228) (15,285,531) 0 - 
  Ghana 0  0 0 0 0 0 0         69,480 (11) (69,469) 0 - 
  Greece/Grèce/Grecia 0  0 0 0 0 0 0         812,916 (282) (812,634) 0 - 
  Grenada/Grenade/Granada 0  0 0 0 0 26,039 26,039         26,055 (16) 0 26,039 - 
  Guatemala 0  0 0 0 0 0 0         112,905 (75) (112,830) 0 -  
   WT/BFA/W/157
 Page 41  STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2006/ ETAT DES ARRIERES DE 
CONTRIBUTIONS AU 31 DECEMBRE 2006/ ESTADO DE CONTRI BUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2006 ADMINISTRATIVE 
MEASURES  
MESURES 
ADMINISTRATIVES  
MEDIDAS 
ADMINISTRATIVAS  
(see/voir/véase p. 6) 2006  
CURRENT YEAR SITUATION  
SITUATION DE L'ANNEE COURANTE 
SITUACIÓN DEL AÑO EN CURSO 2007 
  Swiss Francs/Francs suisses/Francos suizos CATEGORY/CATEGORIA Swiss Francs/Francs suisses/Francos suizos CHF 
  Members / Membres / Miembros 1969-
1988 1989-
2002  2003  2004  2005  2006  TOTAL I II III IV  
INACTIVE/
INACTIVA Assessment 
Contribution 
Contribución Interest 
Intérêts 
Intereses Payments 
Paiements 
Pagos Outstanding
Arriérés 
Pendiente Advance 
Avance 
Adelantado 
  Guinea/Guinée 0  258,330 23,070 24,084 25,110 26,055 356,649       1 26,055 0 0 26,055 - 
  Guinea-Bissau/Guinée-Bissau 0  258,330 23,070 24,084 25,110 26,055 356,649       1 26,055 0 0 26,055 - 
  Guyana 0  0 0 0 0 0 0         26,055 0 (26,055) 0 6,712  
  Haiti/Haïti/Haití 0  0 0 0 0 0 0         26,055 0 (26,055) 0 - 
  Honduras 0  0 0 0 0 65,044 65,044         66,006 (50) (912) 65,044 - 
  Hong Kong, China/Hong Kong, Chine 0  0 0 0 0 0 0         5,301,324 (4,830) (5,296,494) 0 - 
  Hungary/Hongrie/Hungría 0  0 0 0 0 0 0         915,399 (569) (914,830) 0 - 
  Iceland/Islande/Islandia 0  0 0 0 0 0 0         74,691 (60) (74,631) 0 - 
  India/Inde 0  0 0 0 0 0 0         1,585,881 (164) (1,585,717) 0 - 
  Indonesia/Indonésie 0  0 0 0 0 0 0         1,314,909 (610) (1,314,299) 0 - 
  Ireland/Irlande/Irlanda 0  0 0 0 0 0 0         2,148,669 (1,717) (2,146,952) 0 2,302,073  
  Israel/Israël 0  0 0 0 0 0 0         951,876 (713) (951,163) 0 - 
  Italy/Italie/Italia 0  0 0 0 0 0 0         6,939,315 (4,108) (6,935,207) 0 - 
  Jamaica/Jamaïque 0  0 0 0 0 0 0         90,324 (23) (90,301) 0 - 
 Japan/Japon/Japón 0  0 0 0 0 0 0         10,326,465 (6,568) (10,319,897) 0 - 
  Jordan/Jordanie/Jordania 0  0 0 0 0 0 0         109,431 (60) (109,371) 0 - 
  Kenya 0  0 0 0 0 0 0         72,954 (52) (72,902) 0 12  
  Korea, Republic of/Corée, République de/  
Corea, República de  0  0 0 0 0 0 0         4,264,335 (1,486) (4,262,849) 0 - 
  Kuwait/Koweït 0  0 0 0 0 347,400 347,400         347,400 0 0 347,400 - 
  Kyrgyz Republic/République 
kirghize/República Kirguisa 0  0 0 0 0 0 0         26,055 (13) (26,042) 0 9,672  
  Latvia/Lettonie/Letonia 0  0 0 0 0 0 0         92,061 (63) (91,998) 0 - 
  Lesotho 0  0 0 0 0 0 0         26,055 (19) (26,036) 0 - 
  Liechtenstein 0  0 0 0 0 0 0         43,425 (36) (43,389) 0 - 
  Lithuania/Lituania   0 0 0 0 0 0         156,330 (77) (156,253) 0 - 
  Luxembourg/Luxemburgo 0  0 0 0 0 0 0         625,320 (490) (624,830) 0 - 
  Macao, China/Macao, Chine 0  0 0 0 0 0 0         114,642 (88) (114,554) 0 - 
  Madagascar 0  0 0 0 0 1,248 1,248         26,055 (6) (24,801) 1,248 - 
  Malawi 2,755  162,390 23,070 24,084 25,110 26,055 263,464       1 26,055 0 0 26,055 - 
  Malaysia/Malaisie/Malasia 0  0 0 0 0 0 0         2,211,201 (1,821) (2,209,380) 0 - 
  Maldives/Maldivas 0  0 0 0 0 0 0         26,055 (20) (26,035) 0 - 
  Mali/Malí 0  0 0 0 0 24,287 24,287         26,055 (12) (1,756) 24,287 - 
  Malta/Malte 0  0 0 0 0 0 0         79,902 (69) (79,833) 0 -  
  WT/BFA/W/157 
Page 42 
  STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2006/ ETAT DES ARRIERES DE 
CONTRIBUTIONS AU 31 DECEMBRE 2006/ ESTADO DE CONTRI BUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2006 ADMINISTRATIVE 
MEASURES  
MESURES 
ADMINISTRATIVES  
MEDIDAS 
ADMINISTRATIVAS  
(see/voir/véase p. 6) 2006  
CURRENT YEAR SITUATION  
SITUATION DE L'ANNEE COURANTE 
SITUACIÓN DEL AÑO EN CURSO 2007 
  Swiss Francs/Francs suisses/Francos suizos CATEGORY/CATEGORIA Swiss Francs/Francs suisses/Francos suizos CHF 
  Members / Membres / Miembros 1969-
1988 1989-
2002  2003  2004  2005  2006  TOTAL I II III IV  
INACTIVE/
INACTIVA Assessment 
Contribution 
Contribución Interest 
Intérêts 
Intereses Payments 
Paiements 
Pagos Outstanding
Arriérés 
Pendiente Advance 
Avance 
Adelantado 
  Mauritania/Mauritanie 683,999  374,409 23,070 24,084 25,110 26,001 1,156,673       1 26,055 (54) 0 26,001 - 
  Mauritius/Maurice/Mauricio 0  0 0 0 0 0 0         64,269 0 (64,269) 0 - 
  Mexico/Mexique/México 0  0 0 0 0 0 0         3,975,993 (2,600) (3,973,393) 0 - 
  Moldova/Moldova   0 0 0 0 0 0         26,055 (16) (26,039) 0   
  Mongolia/Mongolie 0  0 0 0 0 0 0         26,055 (10) (26,045) 0 26,045  
  Morocco/Maroc/Marruecos 0  0 0 0 0 0 0         274,446 (120) (274,326) 0 274,326  
  Mozambique 0  0 0 0 0 0 0         27,792 (3) (27,789) 0 - 
  Myanmar, Union of/Myanmar, Union du/ 
Myanmar, Unión de 0  0 0 0 0 55,578 55,578         55,584 (6) 0 55,578 - 
  Namibia/Namibie 0  0 0 0 0 36,451 36,451         36,477 (26) 0 36,451 - 
  Nepal, Kingdom of /Népal, Royaume du 
/Nepal, Reino de    0   0 0 0 0         31,266 (3) (31,263) 0   
  Netherlands, Kingdom of/Pays-Bas, 
Royaume des/Países Bajos, Reino de los 0  0 0 0 0 0 0         5,805,054 (4,157) (5,800,897) 0 - 
  New Zealand/Nouvelle-Zélande/ 
Nueva Zelandia 0  0 0 0 0 0 0         429,039 (358) (428,681) 0 - 
  Nicaragua 0  0 0 0 0 396 396         36,477 (29) (36,052) 396 - 
  Niger/Níger 342,864  342,095 23,070 24,084 25,110 26,055 783,278       1 26,055 0 0 26,055 - 
  Nigeria/Nigéria 0  0 0 0 0 298,764 298,764         298,764 0 0 298,764 - 
  Norway/Norvège/Noruega 0  0 0 0 0 0 0         1,460,817 (1,228) (1,459,589) 0 - 
  Oman/Oman/Omán   0 0 0 0 0 0         203,229 (85) (203,144) 0 - 
  Pakistan/Pakistán 0  0 0 0 0 0 0         265,761 (178) (265,583) 0 - 
  Panama/Panamá 0  0 0 0 0 11,333 11,333         173,700 0 (162,367) 11,333 - 
  Papua New Guinea/Papouasie-Nouvelle-
Guinée/Papua Nueva Guinea 0  0 0 0 0 0 0         46,899 0 (46,899) 0 43,599  
  Paraguay 0  0 76,992 81,886 73,656 62,532 295,066     1    62,532 0 0 62,532 - 
  Peru/Pérou/Perú 0  0 0 0 165,051 210,177 375,228         210,177 0 0 210,177 - 
  Philippines/Filipinas 0  0 0 0 384,361 863,289 1,247,650         863,289 0 0 863,289 - 
  Poland/Pologne/Polonia 0  0 0 0 0 0 0         1,297,539 (1,019) (1,296,520) 0 - 
  Portugal 0  0 0 0 0 0 0         951,876 (595) (951,281) 0 - 
  Qatar 0  0 0 0 0 0 0         187,596 (19) (187,577) 0 - 
  Romania/Roumanie/Rumania 0  0 0 0 0 0 0         357,822 (85) (357,737) 0 - 
  Rwanda 0  0 0 0 21,099 26,055 47,154         26,055 0 0 26,055 - 
  Saint Kitts and Nevis/Saint-Kitts-et-
Nevis/Saint Kitts y Nevis 0  0 0 0 0 0 0         26,055 (20) (26,035) 0 - 
  Saint Lucia/Sainte-Lucie/Santa Lucía 0  0 0 0 0 0 0         26,055 (11) (26,044) 0 - 
  St. Vincent and the Grenadines/Saint-
Vincent-et-les Grenadines/San Vicente y 
las Granadinas   0  0 0 0 2,390 26,043 28,433         26,055 (12) 0 26,043 -  
   WT/BFA/W/157
 Page 43  STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2006/ ETAT DES ARRIERES DE 
CONTRIBUTIONS AU 31 DECEMBRE 2006/ ESTADO DE CONTRI BUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2006 ADMINISTRATIVE 
MEASURES  
MESURES 
ADMINISTRATIVES  
MEDIDAS 
ADMINISTRATIVAS  
(see/voir/véase p. 6) 2006  
CURRENT YEAR SITUATION  
SITUATION DE L'ANNEE COURANTE 
SITUACIÓN DEL AÑO EN CURSO 2007 
  Swiss Francs/Francs suisses/Francos suizos CATEGORY/CATEGORIA Swiss Francs/Francs suisses/Francos suizos CHF 
  Members / Membres / Miembros 1969-
1988 1989-
2002  2003  2004  2005  2006  TOTAL I II III IV  
INACTIVE/
INACTIVA Assessment 
Contribution 
Contribución Interest 
Intérêts 
Intereses Payments 
Paiements 
Pagos Outstanding
Arriérés 
Pendiente Advance 
Avance 
Adelantado 
  Saudi Arabia/Arabie Saoudite/ Arabia 
Saudita   0     0 0 0         1,304,487 0 (1,304,487) 0 - 
  Senegal/Sénégal 0  0 0 0 260 36,444 36,704         36,477 (33) 0 36,444 - 
  Sierra Leone/Sierra Leona 705,983  374,409 23,070 24,084 25,110 26,055 1,178,711       1 26,055 0 0 26,055 - 
  Singapore/Singapour/Singapur 0  0 0 0 0 0 0         3,621,645 (2,889) (3,618,756) 0 - 
  Slovak Republic/République 
slovaque/República Eslovaca 0  0 0 0 0 0 0         383,877 (266) (383,611) 0 - 
  Slovenia/Slovénie/Eslovenia 0  0 0 0 0 0 0         279,657 (219) (279,438) 0 - 
  Solomon Islands/Il es Salomon/Islas 
Salomón 0  0 0 0 0 0 0         26,055 0 (26,055) 0 39,666  
  South Africa/Afrique du Sud/Sudáfrica 0  0 0 0 0 0 0         809,442 (1,402) (808,040) 0 - 
  Spain/Espagne/España 0  0 0 0 0 0 0         4,352,922 (2,294) (4,350,628) 0 - 
  Sri Lanka 0  0 0 0 0 0 0         152,856 (56) (152,800) 0 - 
  Suriname 0  0 0 0 0 9,050 9,050         26,055 0 (17,005) 9,050 - 
  Swaziland/Swazilandia 0  0 0 0 0 0 0         26,055 (21) (26,034) 0 - 
  Sweden/Suède/Suecia 0  0 0 0 0 0 0         2,336,265 (2,029) (2,334,236) 0 - 
  Switzerland/Suisse/Suiza 0  0 0 0 0 0 0         2,471,751 (2,144) (2,469,607) 0 - 
  Chinese Taipei/Taipei Chinois/Taipei 
Chino   0 0 0 0 0 0         3,289,878 (2,919) (3,286,959) 0   
  Tanzania/Tanzanie/Tanzanía 0  0 0 0 0 5,242 5,242         38,214 0 (32,972) 5,242 - 
  Thailand/Thaïlande/Tailandia 0  0 0 0 0 0 0         1,719,630 (1,465) (1,718,165) 0 - 
  Togo 111,427  332,067 23,070 24,084 25,110 26,055 541,813       1 26,055 0 0 26,055 - 
  Trinidad and Tobago/Trinité-et-Tobago/ 
Trinidad y Tabago 0  0 0 0 0 0 0         86,850 (31) (86,819) 0 - 
  Tunisia/Tunisie/Túnez 0  0 0 0 0 15,916 15,916         220,599 (139) (204,544) 15,916 - 
  Turkey/Turquie/Turquía 0  0 0 0 0 0 0         1,231,533 (580) (1,230,953) 0 - 
  Uganda/Ouganda 0  0 0 0 0 0 0         26,055 (2) (26,053) 0 - 
  United Arab Emirates/Emirats arabes 
unis/Emiratos Árabes Unidos 0  0 0 0 0 0 0         1,099,521 0 (1,099,521) 0 - 
  United Kingdom of Great Britain and 
Northern Ireland/Royaume-Uni de 
Grande-Bretagne et d'Irlande du 
Nord/Reino Unido de Gran Bretaña e 
Irlanda del Norte 0  0 0 0 0 0 0         9,664,668 (8,240) (9,656,428) 0 - 
  United States of America/Etats-Unis 
d'Amérique/  Estados Unidos de América 0  0 0 0 0 8,515,099 8,515,099         26,767,170 (1,571) (18,250,500) 8,515,099   
  Uruguay 0  0 0 0 0 0 0         74,691 0 (74,691) 0 - 
  Venezuela 0  0 0 0 511,446 531,522 1,042,968         531,522 0 0 531,522 -  
  WT/BFA/W/157 
Page 44 
  STATEMENT OF OUTSTANDING CONTRIBUTIONS AS AT 31 DECEMBER 2006/ ETAT DES ARRIERES DE 
CONTRIBUTIONS AU 31 DECEMBRE 2006/ ESTADO DE CONTRI BUCIONES PENDIENTES AL 31 DE DICIEMBRE DE 2006 ADMINISTRATIVE 
MEASURES  
MESURES 
ADMINISTRATIVES  
MEDIDAS 
ADMINISTRATIVAS  
(see/voir/véase p. 6) 2006  
CURRENT YEAR SITUATION  
SITUATION DE L'ANNEE COURANTE 
SITUACIÓN DEL AÑO EN CURSO 2007 
  Swiss Francs/Francs suisses/Francos suizos CATEGORY/CATEGORIA Swiss Francs/Francs suisses/Francos suizos CHF 
  Members / Membres / Miembros 1969-
1988 1989-
2002  2003  2004  2005  2006  TOTAL I II III IV  
INACTIVE/
INACTIVA Assessment 
Contribution 
Contribución Interest 
Intérêts 
Intereses Payments 
Paiements 
Pagos Outstanding
Arriérés 
Pendiente Advance 
Avance 
Adelantado 
  Zambia/Zambie 0  0 0 0 0 0 0         26,055 0 (26,055) 0 729  
  Zimbabwe 0  0 0 0 0 0 0         50,373 (21) (50,352) 0 - 
  Sub-Total/Total partiel/Total parcial 6,141,528  4,727,236 586,070 647,500 1,943,741 12,769,850 26,815,925 0  1  1  17 173,700,000 (94,840) (160,835,310) 12,769,850 3,177,073  
 
  Former Contracting Parties to GATT 1947 which are not WTO Members/ Anciennes parties contractantes au GATT de 1947 qui ne sont p as Membres de l'OMC/Antiguas Partes Contratantes del GATT de 1947 que no 
son Miembros de la OMC 
  Yugoslavia/Yougoslavie 0  830,439         830,439                 - 
  Sub-Total/Total partiel/Total parcial 0  830,439         830,439 0  0  0 0 0 0 0 0 0  
                   
  GRAND TOTAL / TOTAL GENERAL 6,141,528  5,557,675 586,070 647,500 1,943,741 12,769,850 27,646,364 0  1  1 17 173,700,000 (94,840) (160,835,310) 12,769,850 3,177,073  
 
 
2006: Summary /Résumé /Resumen       
                  
                  
       CHF % 
Contributions assessed on Members            
Contributions mises à la charge des Membres      173,700,000     
Contribuciones señaladas a los Miembros                
(1) New Members                 
(1) Nouveaux Membres       0     
(1) Nuevos Miembros             173,700,000   
Less interest returned          
Moins intérêts ristournés    (94,840)     
Menos intereses devengados                
Less payments for 2006                 
Moins paiements pour l'année 2006           (160,835,310)      
Menos montos pagados para 2006             (160,835,310)  92.65%  
2006 Contributions outstanding         
Arriérés pour 2006          
Contribuciones pendientes para 2006     12,769,850  7.35%  
           100.00%  
                 
  
   WT/BFA/W/157
 Page 45SCHEDULE C  
Observers Statement of Ou tstanding Contributions  
as at 31 December 2006 – (in Swiss Francs)  
 
OBSERVER  GOVERNMENTS / 
GOUVERNEMENTS OBSERVATEURS / 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Total Advance/
Avances/A
nticipos 
para 2007 
Afghanistan                   1,254 25,110 26,055 52,419   
Algeria /Algérie /Argelia 0  0 0 0 0 0 0 0 0 0 0 0 0   
Andorra /Andorre /Andorra 0  0 0 0 0 0 0 0 0 0 0 0 0   
Azerbaijan /Azerbaïdjan /Azerbaiyán 0  0 0 0 0 0 0 0 0 0 0 0 0   
Bahamas / Bahamas / Bahamas 0  0 0 0 0 0 0 0 0 0 0 0 0 7,126  
Belarus /Bélarus / Belarús 0  0 0 0 0 0 0 0 0 0 0 0 0   
Bhutan /Bhoutan /Bhután 0  0 0 0 0 0 0 0 0 0 0 0 0   
Bosnia and Herzegovina /Bosnie-Herzégovine 
/Bosnia y Herzegovina         0 0 0 0 0 0 0 0 0   
Cap Verde /Cap-Vert /Cabo Verde 0  0 0 0 0 0 0 0 0 0 1,596 26,055 27,651   
Equatorial Guinea 0  0 0 0 0 0 0 0 0 0 0 0 0   
Ethiopia /Éthiopie /Etiopía 0  0 0 0 0 0 0 0 0 0 0 0 0   
Holy See /Saint-Siège /Santa Sede  0  0 0 0 0 0 0 0 0 0 0 0 0   
Iran/Iran/Iran                     0 0 0   
Iraq/Iraq/Iraq 0  0 0 0 0 0 0 0 0 0 0 4,610 4,610   
Kazakhstan /Kazakhstan /Kazajstán 0  0 0 0 0 0   0 0 0 0 0 0   
Lao People's Democratic Republic /République 
démocratique populaire lao /República 
Democrática Popular Lao 0  0 0 0 0 0 0 0 0 0 0 0 0 
  
Lebanon /Liban /Líbano 0  0 0 0 0 0 0 0 0 0 0 26,055 26,055   
Libyan Arab Jamahiriya/Jamahiriya Arabe Libyenne/Jamahiriya Arabe Libia 0  0 0 0 0 0 0 0 0 0 0 0 0   
Montenegro (Republic of)/Montenegro (République de)                   0 0 0 0   
Russian Federation /Fédération de Russie 
/Federación de Rusia 0  0 0 0 0 0 0 0 0 0 0 0 0   
Samoa /Samoa /Samoa 0  0 0 0 0 0 0 0 0 0 0 0 0   
Sao Tome And Principe /Sao Tomé-et-Principe 
/Santo Tomé y Príncipe 0  0 0 0 0 0 17,860 21,315 23,070 24,084 25,110 26,055 137,494   
Serbia (Republic of) /Serbia (République de )            0 0 0 0 0 0 0   
Seychelles /Seychelles /Seychelles       17,160 18,165 18,990 19,935 21,315 23,070 24,084 25,110 26,055 193,884   
Sudan /Soudan /Sudán 0  0 4,152 17,160 18,165 18,990 19,935 21,315 23,070 24,084 25,110 26,055 198,036   
Tajikistan /Tadjikistan /Tayikistán 0  0 0 0 0 0 0 0 0 0 0 0 0   
Tonga /Tonga /Tonga 0  0 0 0 0 0 0 0 0 0 0 0 0   
Ukraine /Ukraine /Ucrania 0  0 0 0 0 0 0 0 0 0 0 0 0   
Uzbekistan /Ouzbékistan /Uzbekistán 0  0 0 0 0 0 0 0 0 0 0 7,013 7,013   
Vanuatu /Vanuatu /Vanuatu 15, 660  16,995 17,130 17,160 18,165 18,990 19,935 21,315 23,070 24,084 25,110 26,055 243,669   
Viet Nam /Viet Nam /Viet Nam             0 0 0 0 0 0 0   
Yemen /Yémen /Yemen 0  0 0 0 0 0 0 0 0 0 0 0 0   
TOTAL  15,660  16,995 21,282 51,480 54,495 56,970 77,665 85,260 92,280 97,590 127,146 194,008 890,831 7,126  
 WT/BFA/W/157 
Page 46  
 
   
SCHEDULE D  
INVESTMENTS HELD ON 31 DECEMBER 2006
 
(IN CHF)  
 
 
Deposit account with:    Amount   Interest Rate %   Maturity Date  
         
         UBS SA, Geneva   10,000,000  1.93  8 January 2007                            
 TOTAL IN CHF  10,000,000
     
                                    
         
         
         
                                             
     
 (signed)       (signed)   
Pascal Lamy   Robert Luther 
Director-General   Director 
     Administration and General Services Division 
 
 
  WT/BFA/W/157 
 Page 47 
 
 
  SCHEDULE E 
INVESTMENTS HELD ON 31 DECEMBER 2006  
(in EUR) 
                              
Deposit account with:
 Amount Interest Rate %   Maturity Date  
      
        UBS SA, Geneva  2,600,000 3.60  8 January 2007                TOTAL IN EUR 2,600,000
    
                
        
NB: EUR 2,600,000 at 1.5940 = CHF 4,144,400   
                                                            
 
 (signed)    (signed)   
Pascal Lamy Robert Luther 
Director-General Director 
     Administration and General Services Division 
 WT/BFA/W/157 
Page 48  
 
   
SCHEDULE F 
INVESTMENTS HELD ON 31 DECEMBER 2006
 
(in USD) 
                              
Deposit account with:
 Amount Interest Rate %   Maturity Date  
      
        UBS SA, Geneva  600,000 5.23  8 January 2007                TOTAL IN USD 600,000
    
                
        
NB: USD 600,000 at 1.21 = CHF 726,000   
                                                            
 
 (signed)    (signed)  
Pascal Lamy Robert Luther 
Director-General Director 
     Administration and General Services Division  WT/BFA/W/157 
 Page 49 
 
 
   
SCHEDULE G 
INVESTMENTS HELD ON 31 DECEMBER 2006  
(in GBP) 
                              
Deposit account with:
 Amount Interest Rate %  Maturity Date  
      
        UBS SA, Geneva  2,000,000  5.11  8 January 2007                  TOTAL IN GBP 2,000,000 
    
                                NB: GBP 2,000,000 at 2.3630 = CHF 4,726,000                                                                    
 (signed)    (signed)  
Pascal Lamy  Robert Luther 
Director-General  Director 
    Administration and General Services Division 
 WT/BFA/W/157 
Page 50  
 
   
SCHEDULE H 
INVESTMENTS HELD ON 31 DECEMBER 2006
 
WORKING CAPITAL FUND  
(in CHF) 
                            
Deposit account with:
  Amount Interest Rate %   Maturity Date  
       
          UBS SA, Geneva   9,000,000 1.93  8 January 2007                                        TOTAL IN CHF   9,000,000
   
                                                            
  
 (signed)    (signed)  
Pascal Lamy    Robert Luther 
Director-General    Director 
      Administration and General Services Division 
 
 
  WT/BFA/W/157 
 Page 51 
 
 
   
 
SCHEDULE I 
INVESTMENTS HELD ON 31 DECEMBER 2006  
WTO ANNEX BUILDING  
(in CHF) 
                  
Deposit account with:
 Amount Interest Rate %   Maturity Date  
      
        UBS SA, Geneva  0.00                           TOTAL IN CHF 0.00
    
                                                                         
    
 (signed)    (signed)   
Pascal Lamy  Robert Luther 
Director-General  Director 
    Administration and General Services Division WT/BFA/W/157 
Page 52  
 
  ANNEX 
 
STATEMENT OF SIGNIFICAN T ACCOUNTING POLICIES 
 
 
152. Following decisions by the World Trade Organization, the accounts of WTO were maintained 
in accordance with the Financial Regulations and Rules of the WTO, as adopted by the General 
Council (WT/GC/M/8 and WT/GC/M/82, respectively). 
153. The accounts are maintained on a fund basis.  A General Fund and a Working Capital Fund, 
supplemented when appropriate by Trust Funds , have been established in accordance with 
Chapters V, VI and VII of the Fi nancial Regulations of the WTO. 
154. The financial period consists of one calendar year. 
155. The accounts are maintained and contributions are assessed in Swiss francs.  Assets or 
liabilities in other currencies are converted to Swi ss francs at the official United Nations rate of 
exchange at the date of the transaction. 
156. Gains or losses on exchange are added to or deducted from miscellaneous income. 
157. Income, including contributions assessed on WTO Members, and expenditure are accounted 
for on an accrual basis. 
158. Any achieved surplus for the financial year is at  the disposal of the Members of World Trade 
Organization. 
159. Provisions are made for the entire amount of contributions receivable from Members of 
World Trade Organization and for losses and returns in  respect of publications sales.  A reserve is 
maintained for all outstanding obligations at the end of the financial year. 
160. Fixed assets purchased during the financial year are charged to the budget at the time of 
purchase.  The value at cost of items still held in  inventory, (excluding th e bookshop inventory) is 
recorded in a note on the Statement of Assets and Liabilities. 
 
     
 (signed)   (signed)  
 _______________________________  __________________________________ 
  Pascal Lamy Robert Luther   Director-General Director 
   Administration and General Services Division 
 
 
__________