WORLD TRADE  
ORGANIZATION   
WT/BFA/W/236 
24 June 2011 
 (11-3125) 
Committee on Budget, Finance and Administration  
  
 
     
 
WORLD TRADE ORGANIZATION 
2010 FINANCIAL PERF ORMANCE REPORT WT/BFA/W/236 
Page 2  
 
  TABLE OF CONTENTS 
 
I.  INTRODUCTION .................................................................................................................. .. 3 
II.  WTO REGULAR BUDGET PERFORMANCE ................................................................... 3  
A.  O
VERALL INCOME IN 2010 .......................................................................................................... 3  
B.  OVERALL EXPENDITURE IN 2010 ................................................................................................ 4  
C.  WTO  SECRETARIAT EXPENDITURE IN 2010 ................................................................................ 4  
D.  APPELLATE BODY AND ITS SECRETARIAT EXPENDITURE IN 2010 ............................................ 11  
E.  OPERATING FUNDS  .................................................................................................................... 14  
III. TRUST FUND PERFORMANCE ......................................................................................... 16  
A.  DOHA DEVELOPMENT AGENDA GLOBAL TRUST FUND (TDDA9  AND TDA10) ...................... 16  
IV.  FINANCIAL STATEMENTS ................................................................................................ 31  
A.  MANAGEMENT LETTER OF REPRESENTATION  ........................................................................... 31  
B.  OPINION OF THE EXTERNAL AUDITOR  ....................................................................................... 32  
C.  FINANCIAL STATEMENTS  .......................................................................................................... 33  
Statement of Budgetary Expenditure .................................................................................... 33  
Statement of Financial Position ............................................................................................. 3 5 
Statement of Financial Performance ..................................................................................... 36  
Statement of Changes in Net Assets/Equity .......................................................................... 37  
Cash Flow Statement ........................................................................................................... ... 38 
D.  NOTES TO THE FINANCIAL STATEMENTS  ................................................................................... 39  
E.  SCHEDULES  .............................................................................................................................. . 54 
Schedule A:  2010 Early Paym ent Encouragement Scheme................................................ 54  
Schedule B:  Statement of Outstanding Contributions – Members ................................... 55  
Schedule C:  Statement of Outsta nding Contributions - Observers ................................... 58  
Schedule D:  Trust Fund Statements ..................................................................................... 59  
Schedule E:  Voluntary Co ntributions Received .................................................................. 62  
Schedule F:  Balance due to Donors ...................................................................................... 63  
Schedule G:  Interest Earned ................................................................................................. 64 
Schedule H:  Program Support Fund .................................................................................... 65  
  WT/BFA/W/236 
 Page 3 
 
 
  I. INTRODUCTION 
1. In accordance with the World Trade Organiza tion (WTO) Financial Regulations and Rules, 
the Director-General hereby submits the Budgetary and Financial Report of the WTO for the financial 
year ended 31 December 2010, the first year of the 2010-2011 biennium.  The report is presented in 
Swiss francs (CHF) and includes all activities financed from the WTO regular budget and from trust 
funds. 
II. WTO REGULAR BUDGET PERFORMANCE 
A. OVERALL INCOME IN 2010 
2. The 2010 budget was financed by:  (i) Members' contributions amounting to 
CHF 189,400,000;  (ii) the partial utilization of the 2008 surplus amounting to CHF 2,800,000 as an 
advance to contributions for 2010;  and (iii) miscellaneous income budgeted at CHF 1,789,500. 
2010 - WTO Income 
 
WTO Income Budget Actual Balance 
Contributions 189,400,000 189,400,000 0 
Partial utilization of 2008 surplus 2,800,000 2,800,000 0 
Miscellaneous Income 1,789,500 2,504,823 715,323 
Grand Total 193,989,500 194,704,823 715,323 
 
3. Miscellaneous income amounted to CHF 2,504,8 23 at the end of 2010.  The higher level of 
miscellaneous income is mainly due to an increas e in savings on the previous year's outstanding 
obligations, a refund of CHF 680,031 from the I CC and a refund of CHF 348,876 from the ITC and 
an increase in the amount received from Observers.  The excess income was reduced by a loss in 
foreign currency exchange predominately in reserves held in Euro versus th e Swiss franc.  Finally, 
under the item 'other', three of the six Members that signed payment plans in 2010 for their long 
outstanding arrears benefitted from the partial off setting of their arrears under the plan arrangements 
for an amount of CHF 604,059. 
2010 - WTO Miscellaneous Income 
 
Miscellaneous Income Budget Actual Balance 
Sale of Publications & Royalties 400,000 397,914  (2,086)
Profit or (loss) on exchange 0 (610,173)  (610,173) 
Savings on previous year's outstanding obligations 194,500 798,254  603,754 
Refund of prior year's expenditure 0 1,224,807  1,224,807 
Rental of meeting rooms & office space 140,000 146,675  6,675 
Contributions of Observers Countries 780,000 884,015  104,015 
Interest on Current Account 15,000 0  (15,000)
Trust fund Contributions 230,000 235,453  5,453 
Other 30,000 (572,122) (602,122)
Total 1,789,500 2,504,823  715,323 
 WT/BFA/W/236 
Page 4  
 
  B. O
VERALL EXPENDITURE IN 2010 
4. Consolidated expenditure for the WTO Secretaria t and the Appellate Body  and its Secretariat 
amounted to CHF 193,989,500 in 2010.  The overall budget allocation has been expensed in 2010.  The key factor leading to full use of the 2010 budget is the result of the decision taken at the end of 2010 to use the regular budget to finance part of the furniture and equipment of the new South 
Courtyard Conference Centre.  
2010 - Consolidated Expenditure 
 
 Budget Expenditure Balance 
WTO Secretariat 188,483,400 188,555,790  (72,390)
Appellate Body and its Secretariat 5,506,100 5,433,710  72,390 
Grand Total 193,989,500 193,989,500  0  
 
C. WTO  SECRETARIAT EXPENDITURE IN 2010 
5. The WTO Secretariat budget is divided into part s and sections by type of expenditure.  The 
first three parts A, B and C cover direct expenditure of the WTO Secretariat.  Part A covers personnel-related costs; part B cove rs administrative costs and part C covers other expenditure.  Part 
D covers the WTO's contribution to the budget of  the WTO/UNCTAD International Trade Centre 
(ITC). 
2010 - Budget Situation - WTO Secretariat 
 
Part Section Budget Expenditure Balance 
A Sect  1 Work Years 122,633,800 119,875,523  2,758,277 
 Sect  2 Temporary Assistance 15,809,700 17,522,639  (1,712,939)
B Sect  3 Communications 1,780,000 1,544,817  235,183 
 Sect  4 Building Facilities 3,825,000 4,611,322  (786,322)
 Sect  5 Permanent Equipment 1,105,000 3,795,339  (2,690,339)
 Sect  6 Expendable Supplies 1,171,000 1,010,249  160,751 
 Sect  7 Contractual Services 9,273,000 8,533,525  739,475 
C Sect  8 Staff Overheads 4,585,000 4,366,800  218,200 
 Sect  9 Missions 2,902,000 2,822,523  79,477 
 Sect 10 Trade Policy Training Courses 3,315,000 2,630,278  684,722 
 Sect 11 Various 4,045,000 3,803,875  241,125 
D Sect 13 ITC 18,038,900 18,038,900  0 
    
Grand Total 188,483,400 188,555,790  (72,390)
 6. In 2010, WTO Secretariat budgetary expe nditure exceeded the appropriations by 
CHF 72,390.  Savings against appropr iations were achieved in most sections and were used to cover 
expenditure in excess of appropriations in three sect ions: permanent equipment, temporary assistance 
and building facilities.  
7. Savings were essentially obtained  in three sections: Work Years, Contractual Services and 
Trade Policy Training Courses.  Expenditure incurred  in excess of appropriations continued to be 
largely generated by the on-going building project.  The building project started in 2008 and will be 
completed by the end of 2012.  
  WT/BFA/W/236 
 Page 5 
 
 
  Part A:  Personnel-related costs 
 
8. Part A covers personnel-relate d costs including salary, pension and common staff costs for 
those staff in regular positions and those hired unde r temporary assistance.  A net budgetary saving of 
CHF 1,045,339 has been realized on personnel-related costs. 
2010 - Budgetary Situation Part A - Personnel-Related Costs 
 
Section Line Budget Expenditure Balance 
Sect  1 Work Years (a) Salary 86,341,800 83,439,941  2,901,859 
(b) Pension 18,433,000 17,521,575  911,425 
(c) Common Staff Costs 17,859,000 18,914,006  (1,055,006)
Sect  2 Temporary Assistance 15,809,700 17,522,639  (1,712,939)
Grand Total 138,443,500 137,398,161  1,045,339 
 
9. Section 1 (Work Years):  A provision for a 1.0 per cent salary increase was included in the 
budget proposals for 2010.  In applying the methodology for salary adjustments approved by the 
General Council on 15 May 2003 (WT/GC/M/80), the salary scales remained unchanged with respect 
to 2009 as gains made in cost-of-living indexes were  eroded by purchase power parity equalization, as 
the Swiss franc appreciated in relative terms vers us the comparators.  This provision represents a 
saving of CHF 429,200 and CHF 87,800 for salaries a nd for pension contributions, respectively.  
Similarly, the medical insurance premiums were ma intained at their 2009 levels and the provision in 
the budget for their adjustment remained unutilised.  These savings were used to offset expenditure on 
the provisions raised to account for accrued employ ee benefit entitlements.  Finally, a provision of 
CHF 359,100 was retained to account for the move to  a biennial bonus award under the performance 
pay system. 
10. Provisions for the Organization's liability for selected employee benefits continued to be 
accounted in 2010.  These provisions are earmarked to fund employee benefit liabilities existing at the 
end of 2010 and are in compliance with the accr ual principle laid down in the WTO Financial 
Regulations and Rules.  These provisions will also be required as part of the approved convergence 
towards International Public Sector Accounting St andards (IPSAS) set to be completed by 2012.  
Details are provided in the notes accompanying the financial statements. 
11. The table below summarizes the over-expenditure  of CHF 1,055,006 under common staff 
costs: WT/BFA/W/236 
Page 6  
 
  2010 - Budgetary Situation – Common Staff Costs 
Item Remarks Budget Expenditure Balance 
Education Grants Education grant thresholds were 
increased in 2010  3,111,000 3,568,054  (457,054) 
Family Allowances Includes a provision of CHF 50,000 for 
retro-active dependent spouse claims 5,111,100 4,905,751  205,349 
Health Insurance Savings were generated through vacant 
posts and no adjustment to the premiums 4,629,300 4,286,787  342,513 
Home leave Includes a provision to meet the increase 
in the liability under IPSAS 1,700,000 1,713,897  (13,897) 
Installation Grant Variances in new recruit profiles plus 
vacant posts 467,600 142,189  325,411 
Language Allowance This allowance is payable only to staff 
recruited prior to 1998 221,000 201,998  19,002 
Non-Resident Allowance This allowance is payable only to staff 
recruited prior to 1998 13,000 11,700  1,300 
Rental Subsidy Lower claims of allowances than those 
anticipated 256,000 231,881  24,119 
Travel & Removal Directly linked to few departures and 
their replacements 590,000 344,956  245,044 
Untaken Annual Leave 
/Termination indemnity Includes an increase of the provision of 
CHF 2,481,600 for the liability under 
IPSAS. The first 20 days of untaken 
annual leave remain not provided for 870,000 3,113,315  (2,243,315) 
Repatriation Grant Anticipated retirements did not 
materialise as a result of the increase in 
the retirement age  890,000 393,478  496,522 
Grand Total 17,859,000 18,914,006  (1,055,006) 
 
12. Section 2 (Temporary Assistance):  expenditure under temporary assistance exceeded the 
budgeted amount by CHF 1,712,939, primarily u nder support and consultants, where additional 
expertise in various engineering, architectural, network engineers for the migration project and 
specialized legal fields continued to be required in connection with the planned construction of the 
new premises.  The over-spending under the suppor t sub-heading pertains to the scanning of 
documents for the archiving facilities and the pursu it of the paperless secretariat initiative.  Over-
expenditure under common staff costs was incurred as the statutory staff benefits such as: affiliation 
to pension fund, medical health coverage and separ ation entitlements (notably untaken annual leave) 
exceeded budget appropriations.  This expenditure al so includes the same elements for staff working 
under temporary contracts and whose salary element is recorded under vacant posts.   WT/BFA/W/236 
 Page 7 
 
 
  2010 - Budgetary Situatio n - Temporary Assistance 
 
Section Item Budget Expenditure Balance 
(a) Temporary Assistance Support 1,345,300 2,568,877  (1,223,577)
Translators 6,719,000 6,411,857  307,143 
Interpreters 1,936,000 1,738,805  197,195 
Consultants 1,451,700 2,165,043  (713,343)
Computer Consultants 2,267,400 1,971,281  296,119 
Replacements 940,000 648,453  291,547 
Internships 322,500 428,753  (106,253)
Overtime 346,000 193,680  152,320 
(b) TA Common Staff Costs 481,800 1,395,891  (914,091)
 Total 15,809,700 17,522,639  (1,712,939)
 
13. The over expenditure under Section 2 Temporary assistance is offset by, as mentioned above, 
savings under Section 1 - Work Years.  
Part B:  Administrative costs 
 
14. Part B covers administrative costs, includi ng expenses related to the maintenance and 
insurance of the building and associated faci lities, permanent and expendable equipment, 
communications, the reproduction of documents and informatics/office automation.  A net budgetary 
overspending of CHF 2,341,252 has been realized on administrative costs, primarily consisting of on 
the unforeseen building renovation related expenditu re, furniture and the equipping of the South 
Courtyard Conference Centre.   
2010 - Budgetary Situation Part B - Administrative Expenses 
 
Section Budget Expenditure Balance 
Sect  3 Communications 1,780,000 1,544,817 235,183  
Sect  4 Building Facilities 3,825,000 4,611,322 (786,322) 
Sect  5 Permanent Equipment 1,105,000 3,795,339 (2,690,339) 
Sect  6 Expendable Supplies 1,171,000 1,010,249 160,751  
Sect  7 Contractual Services 9,273,000 8,533,525 739,475  
Grand Total 17,154,000  19,495,252  (2,341,252)  
 
15. Section 3 (Communications):  the net budgetary saving of CHF 235,183 is comprised of an 
overspending under telecommunicati ons (telephones and faxes) as more mobile equipment was 
needed which is offset by a saving under postage , primarily due a lowering in activity, savings from 
tighter cost recovery of mailing costs and the use of more electronic mail and dispatches of documents. 
Section Line Budget Expenditure Balance 
Sect  3 Communications (a) Telecommunications 480,000 493,251  (13,251)
(b) Postal Charges 1,300,000 1,051,566  248,434 
 Total   1,780,000 1,544,817  235,183 
16. Section 4 (Building Facilities):  the net budgeta ry overspending of CHF 786,322 is comprised 
of:  a) over-expenditure under rental of premises of CHF 67,964, primarily consist of spending for WT/BFA/W/236 
Page 8  
 
  additional storage and the rental of conference room s;  b) an aggregate saving of CHF 63,719 under 
utilities consisting of: a saving of CHF 22,438 under cleaning where the contract was adjusted to 
reflect the reduced cleaning areas under the renova tion phase of the building and a budgetary saving 
of CHF 48,750 under electricity;  and c) overspending  on maintenance and insurance;  comprised of 
the relocation and refurbishment of the multimedia studio, and the light renovation of the two small 
villas made available by the City of Geneva  for use principally by the security services. 
Section Line Budget Expenditure Balance 
Sect  4 (a) Rental 620,000 687,964  (67,964)
(b) Utilities 1,901,000 1,837,281  63,719 
(c) Maintenance and Insurance 1,304,000 2,086,078  (782,078)
Total  3,825,000 4,611,322  (786,322)
 
17. Section 5 (Permanent Equipment):  the ne t budgetary overspending of CHF 2,690,339 is 
comprised of:  a) the expenditure on office furnitu re for the newly renovated areas;  b) computer 
network equipment for those same areas and c) recording the par tial expenditure of CHF 1,990,555 
with respect to the purchasing of equipment and fu rniture for the South Courtyard Conference Centre. 
Section Line Budget Expenditure Balance 
Sect  5 Permanent Equipment (a) Purchase 978,000 3,752,208  (2,774,208)
(b)Lease 127,000 43,132  83,868 
Grand Total  1,105,000 3,795,339  (2,690,339)
 
18. Section 6 (Expendable Supplies):  the net budge tary saving of CHF 160,751 is the aggregate 
of savings under computer, building, reproduction and other supplies.  
Section Line Budget Expenditure Balance 
Sect  6 Expendable Supplies 1,171,000 1,010,249  160,751 
Total  1,171,000 1,010,249  160,751
 
19. Section 7 (Contractual Services):  the net budge tary saving of CHF 739,475 in contractual 
services is essentially under office automation as pr ojects were reprioritized and postponed to focus 
resources on the migration project and equipping the building as renovation of the various phases 
approached completion.  The saving under reproducti on pertains to a re-configuration of the printing 
machines moving from six machines, under a copy charge agreement, to four. 
Section Line Budget Expenditure Balance 
Sect  7 Contractual Services (a) Reproduction 1,390,000 1,155,888  234,112 
(b) Office Automation 3,781,000 3,288,395  492,605 
(c) Other 219,000 221,418  (2,418)
(d) Security Outsourcing 3,883,000 3,867,823  15,177 
Total  9,273,000  8,533,525  739,475
 
Part C:  Other 
 
20. Part C covers other expenditure including staff overhead costs (training, insurance and other 
costs related to shared common services), mission s, hospitality, dispute settlement panels, the 
permanent group of experts, trade policy training  courses, public information activities, external 
auditors and unforeseen expenditure.  A net budgeta ry saving of CHF 1,223,524 was realised under 
Part C in 2010.   WT/BFA/W/236 
 Page 9 
 
 
  2010 - Budgetary Situation Part C – Other 
 
Section Budget Expenditure Balance 
Sect  8 Staff Overheads  4,585,000  4,366,800  218,200  
Sect  9 Missions  2,902,000  2,822,523  79,477  
Sect 10 Trade Policy Training Courses  3,315,000  2,630,278  684,722  
Sect 11 Various  4,045,000  3,803,875  241,125  
  14,847,000  13,623,476  1,223,524
21. Section 8 (Staff Overheads):  the net budgetary  saving of CHF 218,200 under this section is 
comprised of:  i) the budgetary saving under staff training of CHF 227,645 as certain corporate training objectives were reviewed/cancelled and othe rs rescheduled for 2011;  ii) CHF 3,023 – under 
insurance, where the overspending under retiree medical  insurance was more th an offset by savings 
under other sub items, i.e. the new contract for the  WTO accident and invalidity insurance premiums;  
iii) savings under joint services expenditure due to lower than expected expe nditure;  and iv) under 
miscellaneous, where the cost of recruitment a dvertising in newspaper and magazines exceeded 
budget. 
Section Line Budget Expenditure Balance 
Sect  8 Staff Overheads (a) Training 1,500,000 1,272,355  227,645 
(b) Insurance 2,796,000 2,792,977  3,023 
(c) Joint Services 255,000 200,983  54,017 
(d) Miscellaneous 34,000 100,485  (66,485)
Total  4,585,000  4,366,800  218,200
22. Section 9 (Missions):  the introduction of an early reservation booking policy in 2009 
continued to contributed to budgetary saving of CHF 79,477. 
Section Line Budget Expenditure Balance 
Sect  9 Missions (a) Missions Official 1,496,000 1,508,789  (12,789)
(b) Missions Technical 1,406,000 1,313,734  92,266 
Total  2,902,000  2,822,523  79,477
 
23. Section 10 (Trade Policy Training Courses):  The net budgetary saving of CHF 684,722 under 
this section is primarily due to the cancellation of two thematic courses, generating CHF 274,000 in 
savings , a CHF 143,839 saving from the Geneva weeks,  as more missions conti nued to be established 
in Geneva leading to less financi ng of participants' travel.  For the Geneva based courses, fewer 
participants attended the course than foreseen .  The overspending under the WTO Public Forum 
relates to the fact that the 2010 Forum was extended from two to three days.  WT/BFA/W/236 
Page 10  
 
   
Section Item  Budget Expenditure Balance 
Sect 10 Trade Policy Training Courses   
 Geneva Week 475,000 331,161  143,839 
 Trade Policy Training Courses 1,090,000 1,014,405  75,595 
 Dispute Settlement Courses 195,000 208,809  (13,809)
 Introduction Day 0 18  (18)
 Short LDC Courses 380,000 373,740  6,260 
 Special Thematic Courses 1,065,000 573,837  491,163 
 Public Forum 110,000 128,308  (18,308)
Total  3,315,000  2,630,278  684,722
 
24. Section 11 (Various):  a net budgetary sav ing in the various sub items amounted to 
CHF 241,125.  With the exception of Dispute Settle ment Panels, where there was an overspending of 
CHF 116,502  because the increase in the number of  on-going panels,  all other sub- items under this 
section realised budgetary savings.  
25. To avoid budgetary fluctuations  with respect to expenditure for Ministerial Conferences, the 
Committee on Budget, Finance and Administration d ecided to create a provision in the regular budget 
for this event, to be carried forward in non-Mini sterial years.  The expenditure under this heading 
concerns any type of expenditure that the Organizat ion would have had to incur, had the Ministerial 
been held at the headquarters in Geneva, and exclud es all expenditure relating to its change of venue, 
which is underwritten by the country hosting the Mini sterial Conference.  In 2010, the provision of 
CHF 600,000 was renewed and credited to the Ministerial Conference Operating Fund (MOF). 
Section Line Budget Expenditure Balance 
Sect 11 Various (a) Representation and Hospitality 298,000 295,681  2,319 
(b) Dispute Settlement Panels 987,000 1,103,502  (116,502)
(c) Experts 50,000 0  50,000 
(e) Library 690,000 567,683  122,317 
(f) Publications 803,000 799,091  3,909 
(g) Public Information Activities 380,000 234,989  145,011 
(h) External Auditors 50,000 46,834  3,166 
(i) Ministerial Operating Fund 600,000 600,000  0 
(j) ISO 57,000 53,214  3,786 
(k) Other 130,000 102,881  27,119 
Total  4,045,000  3,803,875  241,125
 
Part D:  ITC 
 26. Part D covers the contribution to the WTO/ UNCTAD International Trade Centre (ITC).  
Contributions to the ITC amounted to CHF 18,038,900 in 2010. 
  Budget Expenditure Balance 
Sect 13 ITC  18,038,900 18,038,900  0  
 Total   18,038,900 18,038,900  0  
 
27. In accordance with WTO Financial Regulation 24  and Financial Rule 4.4, transfers between 
WTO budgetary sections of CHF 5,189,600 are nec essary in order to cover excess expenditure over  WT/BFA/W/236 
 Page 11 
 
 
  approved appropriations by savings.  Authority is  sought to increase these appropriations accordingly, 
as follows: 
2010 – Transfers between Budgetary Sections – WTO Secretariat 
 
Section From To 
Sect  1 Work Years (2,758,277) 0  
Sect  2 Temporary Assistance 0 1,712,939  
Sect  3 Communications (235,183) 0  
Sect  4 Building Facilities 0 786,322  
Sect  5 Permanent Equipment 0 2,690,339  
Sect  6 Expendable Supplies (160,751) 0  
Sect  7 Contractual Services (739,475) 0  
Sect  8 Staff Overheads (290,590) 0  
Sect  9 Missions (79,477) 0  
Sect 10 Trade Policy Training Courses (684,722) 0  
Sect 11 Various (241,125) 0  
Total (5,189,600)  5,189,600  
 
D. APPELLATE BODY AND ITS SECRETARIAT EXPENDITURE IN 2010 
28. The expenditure budget for the Appellate Body and its Secretariat is distinct from the 
expenditure budget of the WTO Secretariat.  Costs ar e divided into permanent and variable costs.  
Permanent costs of the Appellate Body and its Secretariat are financed through an annual budget 
allocation in accordance to the WTO Financial Regula tions and Rules.  Variable costs are financed 
through the Appellate Body Operating Fund (ABO F).  The ABOF is funded through the budget of 
Appellate Body and its Secretariat.  
29. The Appellate Body and its Secretariat's budget is  divided into parts and sections by type of 
expenditure.  Part A covers pers onnel related costs; part B covers administrative costs and part C 
covers other expenditures.  
30. The approved 2010 expenditure budget of the Appella te Body and its Secretariat amounted to 
CHF 5,433,710, leading to a net budgetary saving of CHF 72,390.  This expenditure comprised: CHF 3,933,710 for permanent costs and CHF 1,500,000 for the replenishment of the ABOF, against which the variable costs associated  with each appeal are charged.  The replenishment of the ABOF is 
included in Section 11 of the budget. WT/BFA/W/236 
Page 12  
 
  2010 - Budget Situation - Appellate Body and its Secretariat 
 
Section Budget Expenditure Balance 
Sect  1 Work Years 2,965,500 2,895,924 69,576  
Sect  2 Temporary Assistance 65,600 91,073 (25,473) 
Sect  3 Communications 6,500 5,932 568  
Sect  4 Building Facilities 18,000 32,900 (14,900) 
Sect  5 Permanent Equipment 25,000 13,636 11,364  
Sect  6 Expendable Supplies 20,000 6,288 13,712  
Sect  7 Contractual Services 25,000 33,061 (8,061) 
Sect  8 Staff Overheads 39,000 35,413 3,587  
Sect  9 Missions 37,000 3,092 33,908  
Sect 11 Various 2,304,500 2,316,391 (11,891) 
Total 5,506,100  5,433,710  72,390  
 
Part A:  Personnel-related costs 
31. Part A covers personnel-relate d costs including salary, pension and common staff costs for 
those staff in regular positions and those hired unde r temporary assistance.  A net budgetary saving of 
CHF 44,103 has been realized on personnel-related co sts.  It comprises a saving of CHF 69,576 on 
staff costs and an overspending of CHF 25,473 on temporary assistance.  The overspending on 
temporary assistance is primarily due to a higher numbe r of interns.  The standard cost used to budget 
staff costs for the Appellate Body and its Secretaria t is based on the standard cost used for the WTO 
Secretariat and greater variances may occur under section 1-Work Years due to the relatively small 
staff population of the Appellate Body Secretariat. 
2010 – Budgetary Situation Part  A – Personnel-Related Costs 
 
Section Line Budget Expenditure Balance 
Sect  1 Work Years (a) Salary 2,089,500 2,100,648  (11,148)
(b) Pension 445,500 454,016  (8,516)
(c) Common Staff Costs 430,500 341,259  89,241 
Sect  2 Temporary Assistance 65,600 91,073  (25,473)
Total 3,031,100  2,986,997  44,103
 
Parts B and C:  Administrative and other costs 
 
32. Part B covers selected direct administra tive costs including expenses related to 
communications, permanent and expendable equi pment, the reproduction of documents and 
informatics/office automation.  Part C covers other expenditure including staff overhead costs 
(training, insurance and costs related to shared co mmon services), missions, hos pitality, retainer fees 
for Appellate Members and the funding of the Ap pellate Body Operating Fund.  A net budgetary 
saving of CHF 28,287 has been realized on administ rative and other costs (Parts B & C).  The main 
overspending was under Section 7 as specific secu rity services were required for an appeal.   WT/BFA/W/236 
 Page 13 
 
 
  2010 – Budgetary Situation  Part B - Administrative Costs 
 
Section Line Budget Expenditure Balance 
Sect  3 Communications (a) Telecommunications 6,500 5,932  568 
(b) Postal Charges 0 0  0 
Sect  4 Building Facilities (b) Utilities 13,000 13,000  0 
(c) Maintenance and Insurance 5,000 19,900  (14,900)
Sect  5 Permanent Equipment 25,000 13,636  11,364 
Sect  6 Expendable Supplies 20,000 6,288  13,712 
Sect  7 Contractual Services (a) Reproduction 15,000 413  14,587 
(b) Office Automation 10,000 0  10,000 
(d) Security Outsourcing 0 32,648  (32,648)
Total  94,500 91,816  2,684
 
2010  – Budgetary Situation  Part C – Other 
 
Section Line Budget Expenditure Balance 
Sect  8 Staff Overheads (a) Training 25,000 21,872  3,128 
(b) Insurance 12,000 13,459  (1,459)
(d) Miscellaneous 2,000 83  1,917 
Sect  9 Missions (a)Missions Official 37,000 3,092  33,908 
Sect 11 Various (a) Representation and Hospitality 1,000 1,206  (206)
(d) Appellate Body Members 793,500 786,895  6,605 
(e) Library 10,000 4,428  5,572 
(f) Publications 0 23,863  (23,863)
(g) Public Information Activities 0 0  0 
(l) Appellate Body Operating Fund 1,500,000 1,500,000  0 
Total  2,380,500 2,354,897  25,603
 
33. In accordance with WTO Financial Regulation 24  and Financial Rule 4.4, transfers between 
budgetary sections of CHF 60,325 are necessary in order to cover excess e xpenditure over approved 
appropriations by savings.  Au thority is sought to increase these appropriations accordingly, as 
follows. 
2010 – Transfers between Budgetary Sections – Appellate Body 
 
Section From To 
Sect  1 Work Years (31,094) 0  
Sect  2 Temporary Assistance 0 25,473  
Sect  3 Communications (568) 0  
Sect  4 Building Facilities 0 14,900  
Sect  5 Permanent Equipment (11,364) 0  
Sect  6 Expendable Supplies (13,712) 0  
Sect  7 Contractual Services 0 8,061  
Sect  8 Staff Overheads (3,587) 0  
Sect 11 Various 0 11,891  
Total (60,325) 60,325  
 
 
 WT/BFA/W/236 
Page 14  
 
  E. O
PERATING FUNDS  
34. In 2010, the WTO Secretariat had the following operating funds that serve the purpose of 
reserves.  Additional information is also provided in the notes accompanying the financial statements. 
Appellate Body Operating Fund (ABOF)  
 
35. The Appellate Body Operating Fund (ABOF) was established in 1997 and is intended to 
cover the variable costs of the Appellate Body linked to the number of cases brought before the 
Appellate Body.  The replenishment of the ABOF  was made through the inclusion of a specific 
appropriation of CHF 1,500,000 in the 2010 budget of the Appellate Body and its Secretariat. 
36. The opening balance as at 1 January 2010 amounted to CHF 396,318 and incurred 
expenditure amounting to CHF 1,124,329.   
2010 Statement of Appellate Body Operating Fund Expenditure 
 
Income CHF 
Opening balance as at 1 January 2010 396,318 
  
Income in 2009:  
Replenishment from the regular budget 1,500,000 
Sub-total 1,896,318 
  
Expenditure Total 
Appellate Body Members' daily fees 626,290 
Appellate Body Members' travel and per diem 456,592 
Court Reporters 44,465 
Oral hearing filming 21,214 
Postage 16,251 
Temporary assistance 49,580 
Total 1,214,329  
Closing balance as at 31 December 2010  681,989  
 
Ministerial Operating Fund (MOF) 
 
37. The Ministerial Operating Fund (MOF) was established in 1999 (WT/BFA/44) to reduce the 
burden of the costs associated with a Ministerial C onference by spreading its costs over several years 
with an annual appropriation funded through the WTO Secretariat budget. 
38. The 2010 opening balance of the MOF am ounted to CHF 600,000 was appropriated and 
credited to the MOF.  An amount of CHF 47,106 of saving of last year obligations was also credited to the MOF. The closing balance of the fund is CHF 647,106.   WT/BFA/W/236 
 Page 15 
 
 
  Members' Transitional Operating Fund (MTOF) 
 
39. The Members' Transitional Operating Fund (MTOF) was established in December 2008 
(WT/BFA/107) to provide for additional operating cost s and final installation costs in the context of 
the WTO building renovation and construction project.  The MTOF is to be closed on 
31 December 2013 following the completion of the project .  Any unused funds shall be returned to the 
WTO accounts. 
40. The MTOF has been provided with an in itial appropriation amounting to CHF 8,051,716 
financed using part of the 2007 Surplus.  In 2010, the 2009 overall surplus amounting to CHF 1,039,988 was credited to the fund raising the value of the fund to CHF 9,088,704.  Expenditure 
in 2010 amounted to CHF 1,809,445 with respect to the equipping and furnishing of the South 
Courtyard Conference Centre.  The closing balance of the fund as at 31 December 2010 amounts to CHF 7,279,259.  WT/BFA/W/236 
Page 16  
 
  III. TRUST FUND PERFORMANCE 
This part describes the activity performed in 2010 using extra-budgetary funds. 
 
A. D
OHA DEVELOPMENT AGENDA GLOBAL TRUST FUND (TDDA9  AND TDA10) 
41. The WTO mandate to carry out technical coope ration activities is provided for in various 
WTO Agreements and Decisions.  This mandate w as clarified and further enhanced in several 
paragraphs of the Doha Ministerial Declaration. 
42. The Doha Development Agenda Global Trust f und (DDAGTF) was estab lished in December 
2001 to finance technical assistance programmes and training activities for developing and least-developed countries as well as economies in transition.  One of the main purposes for creating a 
global fund was to consolidate the numerous extra- budgetary funds in a single un-earmarked fund, so 
as to provide a stable financial basis for the deliv ery of a responsive global programme.  The goals of 
the DDAGTF are:  to enhance institutional and human capacity in beneficiary countries;  to address 
trade policy issues and concerns;  to help countri es mainstream trade into national development and 
poverty reduction policies;  to facilitate fuller partic ipation of beneficiaries in the Multilateral Trading 
System; and to encourage effective participation in the negotiations. 
43. WTO's technical assistance and training programmes are primarily geared towards 
government officials from WTO Members and acceding countries, who are directly responsible for WTO-related issues, including the implementation of the Agreements of the Multilateral Trading 
System and the DDA negotiations.  Efforts are being channelled to gradually reach a broader audience, such as academics, civil society, parliame ntarians and private sector representatives through 
the outreach programme. 
44. Trade-related technical assistance and training activities (TRTA) are carried out in accordance 
with a Biennial Technical Assistance and Training Plan ("the TA Plan").  
45. The TA Plan identifies the types of activities to  be delivered by the Secretariat and sets out 
the objectives for the delivery of TA by the Secret ariat for the periods concerned.  The TA Plan 
normally foresees a number of specific activities, mostly  at regional level, to be delivered within a 
given year.  The TA Plan usually also foresees th e possibility of additional activities at the national 
level on the basis of specific requests by Members (normally up to two activities per year per developing country Member and three for least-developed countries (LDCs).  
46. The TA Plans is now structured around a progressive learning strategy designed in such a way 
as to: 
 ensure that the beneficiaries are gradua lly moving to higher levels of learning, 
 contribute to sustainable human a nd institutional capacity-building,  
 strengthen inter linkages among programmes,  
 build synergies across subject areas,  
 assure coherence and cost-effectiveness in the delivery of TRTA.  
 47. The WTO undertakes activities in which it has a comparative advantage and that fall within 
its mandate, i.e. WTO Agreements and those areas th at are directly part of the DDA negotiations.  The 
WTO co-operates and forms partnerships when po ssible with relevant international bodies and 
agencies in order to deliver the TRTA efficiently, bearing in mind the specific competencies of the 
partner organizations.  WT/BFA/W/236 
 Page 17 
 
 
  48. The TA Plan includes various TA products that  are designed to ensure high quality activities, 
with expected durable effects.  Each product targ ets different needs, objectives, audiences and levels 
of knowledge.   
49. The TA products can be grouped br oadly in five main categories: 
(a) General WTO-related technical assistan ce and training – Training activities for 
government officials with a broad ove rall WTO responsibility and a general 
knowledge of the multilateral trading system.  The main purpose is to initiate officials 
in the rules and functioning of the WTO and/or to raise the general level of 
knowledge and provide opportu nities for them to increase their skills.  Relevant 
activities can be held in Geneva or in the field. 
(b) Specialized and advanced technical assistance training – National/regional seminars 
and workshops as well as speciali zed courses for the initiated and 
specialists/technicians.  The focus is on providing in-depth training and enhancing 
skills that have a direct practical value in implementing WTO Agreements. 
(c) Academic support for training and capacity building – Activities that focus on 
building partnerships with trade policy -related academic community members in 
Member countries (e.g. workshops for uni versity professors on WTO matters, support 
programmes for doctoral students, progra mme for visiting academics, research 
collaboration and document dissemination for universities).  
(d) Trainee programmes and internships – They provide an opportunity for junior 
officials to get first hand exposure to the functioning of the multilateral trading 
system (MTS) and/or to provide support to the respective beneficiaries' regional 
secretariats to the WTO.  
(e) E-learning/Self Training Courses – Takes full advantage of information technology 
and the Internet as a complement as well as an alternative to traditional training 
programmes.  These offerings consist of different types of IT-based technical 
assistance and training tools.  This approach is focused particularly on general level 
training. 
50. TRTA programmes implemented under the DDAGTF in 2010 are contained in the Biennial 
Technical Assistance and Training Plan 2010- 2011 (WT/COMTD/W/170/Rev.1).  The Committee on 
Trade and Development and the Committee on Budget, Finance and Administration jointly examined and endorsed the Technical Assistance and Training Plan 2010-2011.  Subsequent to the 
recommendation of the Committee on Budget, Fina nce and Administration, the General Council 
approved a target amount of CHF 24 million for the DDAGTF for each year of the biennium, corresponding to the estimated costs of the activities contained in the Plan.  
51. The DDAGTF is a revolving fund, i.e. the remaining balance at the end of a year is carried 
forward to the next year of the fund's operation and counts toward meeting the periodic benchmarks 
set for contribution receipts as follows: 
 25 per cent of the following year's target amount to be in the bank by 31 December 
 another 50 per cent  for an overall 75 per cent by 31 March;  and 
 100 per cent by the end of June. 
 52. This approach is designed to allow smooth an d effective implementation, through adequate 
and timely receipt of funds. WT/BFA/W/236 
Page 18  
 
  Financial Report – Summary 
 
 CHF 
Balance as at 1 January 2010 10,868,997 
Contributions 2010 16,108,998 
Interest earned in 2010 28,124 
Total funds 27,006,119 
Total expenditures 2010 18,126,556 
Balance as at 31 December 2010 8,879,564 
 
53. In addition to the direct costs of the various tr aining activities, some staff costs related to the 
delivery of the technical assistance activities are funded from the DDAGTF.  
54. Main activities implemented in 2010 (many of which were undertaken in partnership with 
other agencies and bodies) include: 
General WTO-related technical assistance and training  
 Four three-month Regional Trade Po licy Courses (RTPC) and the corresponding 
Geneva-based preparatory workshops.  They covered Africa, Asia and the Pacific, Caribbean and Latin America. 
 One Short (4 week) Regional Trade Policy Course (SRTPC) covering Central and 
Eastern Europe, Central Asia and the Caucasus. 
 Eight Geneva-based topic-specific symposia and eight regional and sub-regional training 
courses of shorter duration. 
 
Specialized and advanced technical assistance training 
 69 national topic-specific technical assistance activities including the Trade Policy 
Review Mechanism missions. 
 48 topic-specific regional seminars (on Agri culture, Dispute Settlement, Government 
Procurement, Non-Agriculture Market Access, Regional Trade Agreements, Rules, Sanitary and Phytosanitary Measures, Servi ces, Technical Barriers to Trade, Trade and 
Development, Trade and Environment, Trade Facilitation and Trade-Related Aspects of 
Intellectual Property). 
 Three other specialized and advanced traini ng activities for senior government officials. 
 Six intensive courses on trade negotiation skills. 
 Five outreach activities for parliamentarians and civil society. 
 One activity on Accession. 
 A variety of activities dedicated to information technology development in 2010, 
including the establishment of one new refere nce centre (Vietnam) and the upgrading of 
nine existing reference centres, plus fr ee internet access and connectivity for least-
developed countries. 
 
Academic support for training and capacity building 
 Five regional workshops and 10 national activities for university professors on WTO 
matters. 
  WT/BFA/W/236 
 Page 19 
 
 
  Trainee programmes and internships 
 Seven PhD internships for research collaboration. 
 Seven internships for regional coordination. 
 E-learning 
 In 2010,  a total of 25 E-Learning courses were offere d (13 in English, 6 in French and 6 
in Spanish) on the distance-learning platform .  Courses were clustered in 8 different 
sessions.  Each session lasted from six to eight  weeks and was delivered in one of the 
three official languages of the WTO.   
 55. The 2010 online course programme included the following courses in English, French and 
Spanish:  
 Introduction to the WTO 
 Trade-Related Aspects of Intellectual Property Rights (TRIPS) 
 Trade Remedies 
 Agriculture in WTO 
 Technical Barrier to Trade (TBT)  
 Sanitary and Phytosanitary Measures (SPS) 
 Trade in Services  
 Advanced Course on the Multilateral Trade Agreements 
 56. In 2010, a total of 3 060 partic ipants participated in an on line course, including 1 070 from 
Africa, 1 058 from Latin America and the Caribbean (LAC), 660 from Asia and the Pacific, 344 from 
the Arab and Middle-East region and 163 from Centra l and Eastern Europe and from Central Asia.   
Self-Training Courses 
 In 2010, a number of self-training modules covering a wide range of WTO topics 
(overview of the WTO, legal and econom ic underpinnings, dispute settlement, SPS 
measures, trade in services, accessions procedur es, trade facilitation, trade and finance, 
etc.) were available online through the WTO Webpage on distance learning, the eTraining website and on CD-Rom or DVD.   
 
57. The modules were accessible fr ee of charge and open to all website users.  Each module 
included theory and exercises through multiple choice questions with an automatic correction 
mechanism.   
58. The complete qualitative and quantitative overv iew of technical assistance and training 
activities undertaken in each year is presented by th e Secretariat to the Membership in the spring of 
the following year. WT/BFA/W/236 
Page 20  
 
  Internship Programme for Selected Members' Missions in Geneva (TIMM1) 
 
59. The internship programme for the benefit of Geneva-based Missions of LDCs and small and 
vulnerable economies with very few staff was establishe d in 2001.  The purpose of this Programme is   
(i) to enhance the interns' knowle dge and understanding of the multilate ral trading system and of trade 
policy in general; (ii) to strengthen the understanding of the negotiation process at the WTO;  and (iii) 
to support the Mission in participating more actively in the daily activities at the WTO. 
60. The interns work in their own country Mission in Geneva and not in the WTO Secretariat for 
a period of up to ten months and represent thei r respective country on selected WTO committees.  
This hands-on approach is designed to provide them  with exposure to the activities taking place at the 
WTO. 
61. The programme is open to nationals of deve loping and least-developed countries as well as 
economies in transition with a Geneva Mission.  The required qualifications include:  (i) an 
appropriate degree in economics, trade and/or law at the post-graduate level;  (ii) mastery of one of 
the WTO working languages and pref erably a good knowledge of anothe r;  (iii) working experience in 
the national administration in the trade-related area;  (iv) good drafting skills;  and (v) operational 
familiarity with standard software packages.  Support function positions are not considered part of this 
programme. 
62. Interns are selected by the Institute for Tr aining and Technical Cooperation and the Human 
Resources Division of the WTO together with the Mission concerned.  The selection criteria are similar to those for entry-level positions at the WTO.  Special consideration is given to those 
candidates who will be using their experience upon returning to their country.  LDCs and other 
developing countries with low per-capita GNP and t hose countries with very few staff positioned in 
Geneva Missions are given preference. 
63. The beneficiary Mission establishes a general description of the assignment in advance.  A 
more detailed programme of work for each intern is  prepared by the Permanent Representative of the 
Mission in Geneva, after the candidate has been selected.  
64. The general duties might include: 
(a) assistance in collection, analysis, interpretation and organization of material of 
interest to the Mission; 
(b) assistance in the preparation of meetings of WTO bodies, including attendance and 
follow-up of such meetings; 
(c) assistance in preparation of reports for the capital, documents and communications of 
economic and/or legal natu re related to the WTO; 
(d) assistance in other tasks un dertaken by the Mission. 
65. The evaluation of the intern's work by the Missi on takes place at mid-term and at the end of 
the assignment and is shared with the WTO.  Furt her evaluation of the usefulness of this programme 
takes place one year after the end of the internship. 
66. In 2010, this fund financed the costs related to twenty interns (of which four had started in 
2009) from the following countries: Bangladesh (2), Burkina Faso, Cape Verde, Congo RDC, Côte 
d'Ivoire, Cuba, Djibouti, Kenya, Laos, Lesotho,  Mali, Mongolia, Mozambique, Namibia, Nepal, 
Nicaragua, Sudan, Rwanda and Tajikistan.  WT/BFA/W/236 
 Page 21 
 
 
  Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 1,249,141 
Contributions received in 2010 928,300 
Interest earned in 2010 2,273 
Total funds 2,179,714 
Total expenditures 2010 943,298 
Balance as at 31 December 2010 1,236,416 
 
Netherlands Trainee Programme (TNL05)  
67. The Netherlands Trainee Programme was launche d on 1 April 2005 and was to be completed 
by 31 December 2008.  In November 2008, the Govern ment of the Netherlands extended the period of 
application of the arrangement for four more years, i.e. until the end of 2011. 
68. The objective of the Programme is to generate tangible, measurable and lasting capacity 
building in areas related to trade policy in l east-developed countries, low income countries and 
comparable poor and vulnerable economies with par ticular attention given to African countries to 
assist in their economic and social development. 
69. The Programme provides junior public officials with the opportunity to learn about matters 
dealt with in the WTO.  The target group of candi dates who can qualify for the Programme are junior 
professionals from trade and development-related mini stries, private sector organizations, university 
graduates, participants in trade policy courses and other suitable candidates w ith adequate knowledge 
of the WTO. 
70. Trainees spend a total period of up to ten months with the WTO and are expected to complete 
well defined tasks in that period which are relevant  for the beneficiary country in terms of capacity 
building and/or in the on-going negotiations.  Examples include: 
(a) undertaking a needs assessment for identifyi ng priorities for technical assistance and 
training, based on the guidelines established to that effect; 
(b) contributing to the attainment of the Doha  Round, e.g. tabling an initial or improved 
offer in services; 
(c) fulfilling outstanding notificati on obligations and assisting in the implementation of 
commitments for new, recently acceded Members; 
(d) assisting acceding countries in this process; 
(e) assisting in the preparation of TPRs; 
(f) undertaking other tasks, which would contribut e to a better and fuller participation of 
the beneficiary country in the MTS; 
(g) assisting WTO Divisions in specific tasks. 
71. The candidates are selected by the Secretariat, from applications and nominations proposed 
by the beneficiary countries. 
72. Trainees work full-time like Secretariat staff me mbers and carry out tasks and duties assigned 
to them but with no expectancy of renewal or extension of the traineeship beyond ten months.  
Following the completion of their assignments, train ees are expected to provide an evaluation report 
with detailed information of the tasks accomplishe d and an assessment of their relevance for the 
candidate and the beneficiary country. WT/BFA/W/236 
Page 22  
 
  73. The total number of trainees who have benef ited from the Programme since its launch in 
April 2005 reached 73 at the end of 2010. 
74. The trainees who were on board during 2010 were from Afghanistan, Benin, Burkina Faso, 
Burundi, Cameroon, Central African Republic, Chad , The Gambia, Paraguay,  Senegal, Swaziland, 
Yemen and Zambia. 
75. Ten new trainees are scheduled to ta ke up their duties in early 2011. 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 486,382 
Contributions received in 2010 818,330 
Interest earned in 2010 1,610 
Total funds 1,306,323 
Total expenditures 2010 785,174 
Balance as at 31 December 2010 521,149 
 
Trade Facilitation Trust fund – Window I – Participation of Capital-based Officials in the 
Negotiating Group Meetings (TTFNG)  
76. The mandate for WTO negotiations on trade f acilitation provides that technical assistance 
should be provided during the nego tiations to ensure that devel oping and least-developed countries 
fully participate in and benefit from the negotiatio ns.  (WT/L/579 – Annex D- adopted in July 2004) 
Paragraph 5 of the Mandate states: 
(a) It is recognized that the provision of t echnical assistance and support for capacity 
building is vital for developing and least- developed countries to enable them to fully 
participate in and benefit from the negotiatio ns.  Members, in particular developed 
countries, therefore commit themselves to adequately ensure such support and 
assistance during the negotiations. 
77. In connection with this paragr aph, paragraph 38 of the Doha Ministerial Declaration also 
addresses relevant technical assistance and capacity building concerns of Members. 
78. Negotiations on Trade Facilitation are conducte d through meetings of the Negotiating Group 
on Trade Facilitation (NGTF) which consists of representatives of all WTO Member and Observer 
countries.  African and LDC countries have continuously stressed the importance of technical 
assistance to bring specialists from their capitals to advise on the technical issues during these 
meetings.  The discussions in the NGTF focus on proposals concerning border fees and formalities, 
transparency issues, transit and special and differen tial treatment.  Because of the technical nature of 
these proposals, most developed and advanced deve loping countries bring experts from their capitals, 
especially customs officials, to participate in the meetings and advise the negotiator on technical 
issues.  Participation by capital-based expert o fficials not only provides more effective responses to 
issues raised during the meeting but also results in more effective support from the capital due to 
increased understanding of the negotiation proposals a nd process.  Bringing technical specialists from 
African and LDC countries allows them to negot iate actively on the technical issues as well. 
79. This programme began in 2008.  In order to ensu re that the appropriate officials participated, 
each African and LDC countries were asked to nominat e two officials that met certain qualifications.   WT/BFA/W/236 
 Page 23 
 
 
  The WTO Secretariat reviewed the nominations and selected the most qualified person from each 
country.  The letter of invitation set out the following qualifications:    
(a) fluent in reading, speaking and working in one of the three WTO official languages;  
(b) supports the national Geneva negotiator in  the WTO trade facilitation negotiations; 
(c) has technical expertise in the customs-re lated measures that are under negotiation; 
(d) has participated in, or will participate in, the national WTO trade facilitation needs 
assessment; 
(e) is available for the dates of the NGTF meeting and will participate if selected. 
 80. The WTO Secretariat invited officials to participate in three meetings of the NGTF in 2010 as 
follows: 
(a) 49 capital-based African and LDC officials participated in the NGTF meeting held 
May 31 to June 4, 2010. 
(b) 43 capital-based African and LDC officials participated in the NGTF meeting held 
July 12-16, 2010. 
(c) 42 capital-based African and LDC officials participated in the NGTF meeting held 
November 29 to December 3, 2010. 
 81. According to African and LDC negotiators this programme is crucial to ensure that their 
countries participate fully and effectively in the ne gotiations.  Many delegates have remarked that not 
only has the number of countries active in the negotiations improved but the technical level of the 
involvement has improved and has gone well beyond th e traditional interventions in the area of 
special and differential treatment.  This was due  to increased understanding and awareness of the 
negotiations in large part because of this progr amme as well as the WTO Trade Facilitation Needs 
Assessment Programme. 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 391,837 
Contributions received in 2010 715,932 
Interest earned in 2010 1,531 
Total funds 1,109,299 
Total expenditures 2010 577,110 
Balance as at 31 December 2010 532,190 
 82. Both donors and recipient countries have expressed  an interest in continuing this programme 
in 2011.  Officials from African and LDC countries will be invited to participate in as many meetings 
in 2011 as the funds will allow. 
Trade Facilitation National Need s Assessments Trust fund (TTFNA) 
 
83. The mandate for WTO negotiations on Trade Fac ilitation was adopted in July 2004, which 
encourages Members to assess their trade facilitation needs and priorities.  The importance of such 
assessments was also reiterated in  the Hong Kong Ministerial Declaration.  The WTO Secretariat in 
cooperation with the Annex D organizations (IMF, OECD, UNCTAD, World Bank and WCO) 
conducted a program to provide technical assist ance to WTO Members and Observers, upon request, 
to conduct a national self-assessment of their indivi dual trade facilitation needs and priorities.  This 
programme was offered to all WTO Members and Observers that are developing countries, least-WT/BFA/W/236 
Page 24  
 
  developed countries or countries that designate th emselves as small, low-income, or economies in 
transition.    
84. The objective of the programme was to contribute to more effective participation of Members 
and Observers in the WTO trade facilitation ne gotiations.  A needs assessment provided detailed 
information on technical assistance requirements of recipient countries and a valuable basis for the 
eventual implementation of any results of the negotiations. 
85. The individual assessments of trade facilitation needs and priorities of beneficiary countries 
were conducted over five working days with the u se of a special needs assessment guide that was 
developed by the WTO Secretariat working in cooperation with the World Bank and the other  
Annex D organizations.  The Trade Facilitati on Self-Assessment Guide (TN/TF/W/143/Rev.3) 
contains Member's proposals to clarify and improve GATT Articles V, VIII and X.  The Guide was 
revised in April 2009 to reflect the progress in the ne gotiations.  This involved reducing the number of 
measures to be assessed, streamlining the scope of mo st of the measures and improving the chart.  As 
a result of progress in the negotiations, the number of measures to be assessed dropped from 79 to 49.  
86. A total of 6 national needs assessments were  conducted in 2010.  These needs assessments 
were conducted in three developing countries and th ree least-developed countries (LDCs) as follows:  
Algeria, Republic of the Congo, Ethiopia, Namibia, Niger and Samoa. 
87. By the end of 2010, a total of 94 n eeds assessments had been conducted. 
Implementation by Year 
Number of Needs Assessments 
 
 Developing Countries LDCs Total 
2007 5 5 10 
2008 30 14 44 
2009 22 12 34 
2010 3 3 6 
Total 60 34 94 
 
88. All Geneva delegates participa ting in their national needs assessments were provided a half-
day training session on the needs assessment guide and process prior to participation in their 
assessment.  The aim of this training was to t each each delegate how to prepare and conduct the 
assessment, as well as how to use the Guide to ach ieve the best results possible.  Training sessions 
were provided to Geneva delegates both in small groups and individually, on an as needed basis.   
89. The implementation timeframe set for this technical assistance programme was two years, i.e. 
September 2007 – September 2009.  Following the agreement of the donors, the implementation 
period was extended until the end of 2010.   
90. Contributions for this programme have been provided in many forms, monetary, in-kind, 
provision of facilitators, direct organization and fu nding of particular needs assessment workshops, 
etc.  Some technical assistance agencies funded an d conducted the assessments for all countries that 
fall under their mandate.  For example, the USAI D Southern Africa Global Competitiveness Hub and 
the Oceania Customs Organization (funded by AUSAID).  WT/BFA/W/236 
 Page 25 
 
 
  91. Financial resources were pooled from the following donors:  Denmark, Ireland, Norway, 
Spain, Sweden, Switzerland, Chinese Taipei , United Kingdom, and the European Union. 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 716,995 
Contributions received in 2010 - 
Interest earned in 2010 1,952 
Total funds 718,947 
Total expenditures 2010 204,289 
Balance as at 31 December 2010 514,658 
 
92. Donors will be consulted as to their wishes fo r the remaining balance of this fund.   
Trade Facilitation National Needs Assess ments – Human Resources Trust fund (TTFHR) 
 93. The Trade Facilitation National Needs Assessme nts Programme attracted the interest of 
several WTO Members and led to the decision to establish a Trust fund to finance the technical 
assistance activities described therei n due to the importance of these activities for the trade facilitation 
negotiations. 
94. The Secretariat needed additional support staff for handling administrative and logistical tasks 
to facilitate the delivery of the proposed activities within the allotted time frame and in the most 
efficient manner. 
95. The United Kingdom allocated part of its contribut ion to this sub-project to cover the salary 
and salary-related costs of one short-term suppor t staff member for the duration of the project. 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 30,110 
Contributions received in 2010 - 
Interest earned in 2010 33 
Total funds 30,143 
Total expenditures 2010 27,632 
Balance as at 31 December 2010 2,511 
 
96. In light of the small remaining balance, the donor will be consulted as to whether it would 
prefer to have the balance refunde d or transferred to another fund. 
Ministerial Conference – Participation of Least-Developed Countries (TMI6 and TMI7) 
 
97. Starting with the 1st WTO Ministerial Conference held in Singapore in 1996, the WTO 
Secretariat has facilitated the participation of L east-Developed Countries (LDCs) in the Ministerial 
Conferences, thanks to voluntary contributions pool ed into a special extra-budgetary fund.  Costs 
related to air travel, accommodation and per diem allowances of LDC delegations comprised of one 
minister and two high level officials are covered.  There was no Ministerial Conference in 2010.   
 
 WT/BFA/W/236 
Page 26  
 
  Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 908,395 
Contributions received in 2010 5,381 
Interest earned in 2010 3,073 
Total funds 916,849 
Total expenditures 2010 330 
Balance as at 31 December 2010 916,519 
 
98. At the end of a given Ministerial Meeting, th e remaining balances in favour of the various 
donors are traditionally carried forward and added to th e new contributions to be utilized for the same 
purpose in the subsequent Conference unless the donor requests a reimbursement.  
Standards and Trade Development Facility (TWB01) 
 99. The Standards and Trade Development Facility (S TDF) is a joint initiative of the Food and 
Agriculture Organization, the World Organization for Animal Health, the World Bank, the World 
Health Organization and the World Trade Organizatio n.  It assists developing countries in complying 
with food safety, animal and plant health (sanitary and phytosanitary or SPS) measures in international trade.  Other international orga nizations, representatives of donors and developing 
countries participate in its work.  The Secr etariat of the STDF is housed at the WTO. 
100. The establishment of the STDF in September 2002 resulted from the joint commitment taken 
by the above-mentioned institutions at the Do ha Ministerial Conference held in Qatar in 
November 2001. 
101. The STDF has two main aims: 
(a) To assist developing countries in enhanci ng their expertise and capacity to analyze 
and to implement international SPS standard s, so improving their human, animal and 
plant health situation, and t hus their ability to gain and maintain market access;  and 
(b) To act as a vehicle for raising awarene ss, coordination among technical cooperation 
providers, the mobilization of funds, exch ange of experience and dissemination of 
best practice. 
102. In accordance with its Medium Term Strate gy (2007-2011) and the work programme for 
2010-2011, STDF's operation in 2010 focused on the following results:  (i) developing high-quality 
tools and information resources;  (ii) disseminati ng experience and good practice;  (iii) promoting SPS 
issues and priorities in other programmes; and (i v) improving the capacity of STDF beneficiaries 
through projects and project preparation grants.   
103. The STDF initiated new work on Pu blic-Private Partnerships (PPPs) in the SPS area.  This 
included the organization of an international worksh op on the role of PPPs in support of sanitary and 
phytosanitary (SPS) capacity, in collaboration with the Dutch Ministry of Agriculture, Nature and 
Food Quality (LNV) and the World Bank Institute held in the Hague on 4-5 October.  The STDF 
continued its work on the development and appl ication of SPS indicators to track and measure 
performance of SPS systems.  A technical working meeting was held on 1 July in collaboration with 
the Organization for Economic Co-operation and Deve lopment (OECD), where participants agreed on 
the value of a results-based management approach to assist SPS practitioners in developing countries 
to measure the performance of their SPS systems.  This work will continue in 2011 through pilot  WT/BFA/W/236 
 Page 27 
 
 
  testing activities in selected developing countries, in  close collaboration with STDF partners and other 
organizations.  Preparations also started for pilot testing work on the use of economic analysis to 
inform SPS decision-making.  This will be implemented in 2011. 
104. The STDF supported the development and implemen tation of a number of SPS strategies and 
action plans, in line with the importance attached to the evaluation and prioritization of SPS capacity 
needs, and preparation of targeted SPS action pl ans to inform and structure SPS capacity building 
efforts.  The STDF prepared and disseminated the results of a scoping study on regional SPS 
frameworks and strategies in Africa.  The stud y identifies and assesses the myriad of regional SPS 
policy frameworks and strategies in Africa, deve loped under the auspices of Regional Economic 
Communities (RECs), and makes several useful r ecommendations to the African Union Commission 
(AUC) and the RECs as a first effort to guide thei r future activities in the SPS area.  Complementary 
work was started on a parallel study, funded by the STDF, which analyzes existing SPS coordination mechanisms in Africa at a national level.   
105. The STDF undertook various efforts to exchange and disseminate information on its 
activities.  A new and improved STDF website ( http://www.standardsfacility.org ) was launched in 
July with enhanced content, functionality, new feat ures and a more contemporary look, resulting in a 
steady increase in the number of visits to the we bsite.  STDF Briefing Notes were published on:  (i) 
PPPs in support of SPS capacity;  and (ii) SPS-re lated technical cooperation in the Greater Mekong 
Sub-region.  Three newsletters were  issued in March, June and October providing information on the 
STDF and initiatives of its partners, donors and other act ors in the area of SPS capacity building.  An 
electronic distribution service was launched in May which attracted over 4,000 users by the end of the 
year.  A new STDF "house style" was developed in  collaboration with WTO's graphic design team 
and incorporated in all the aforementioned tools and activities. 
106. The STDF actively participated in various SPS-re lated meetings and training events organized 
by its partners, donors and related initiatives.  Th is included participation in the SPS Committee and 
in broader trade-related capacity building initiativ es and programmes, notably Aid for Trade and the 
Enhanced Integrated Framework (EIF), as well as in  meetings of regional de velopment banks, as part 
of continuing efforts to ensure that SPS issues are properly addressed.  Joint EIF/STDF training workshops on project design and logical framewo rks were planned in selected Least Developed 
Countries (LDCs), in the first half of 2011 to impr ove the overall quality and "ownership" of trade- 
and SPS-related proposals.   
107.  Seven project preparation grants (PPGs) and seven projects were approved for funding for a 
total value of $ 3,441,740 in 2010.  In addition, eight projects were completed by the end of 2010. 
Financial Report – Summary 
 
 CHF 
Balance as at 1 January 2010 6,164,905 
Contribution 2010 4,304,185 
Interest earned in 2010 17,742 
Total funds 10,486,832 
Total expenditures 2010 6,643,441 
Balance as at 31 December 2010 3,843,391 
Enhanced Integrated Framework Executive Secretariat (TIFES) 
108. The Enhanced Integrated Framework (EIF) is an  initiative to provide trade-related technical 
assistance to the world's poorest countries as a mean s of integrating them more fully into the WT/BFA/W/236 
Page 28  
 
  multilateral trading system.  Its Executive Secretar iat is housed at the WTO, which was officially 
established in 2008.  The International Bank for R econstruction and Developm ent, the International 
Monetary Fund, the International Trade Commis sion, the United Nations Conference on Trade and 
Development, the United Nations Development Programme and the World Trade Organization 
(collectively "EIF Agencies"), EIF Least-Develope d Countries ("EIF LDCs") and all donors constitute 
the partners of the EIF.  The EIF is regarded as one of the most successful initiatives under the overall 
umbrella of Aid for Trade. 
109. EIF funding is channelled through two sources:  the multilateral EIF Trust fund managed by 
the United Nations Office for Project Services (UNO PS) and bilateral/regional donor support direct to 
the beneficiary countries.  The EIF Trust fund ma kes an annual allocation to the WTO to cover the 
operating expenditures of EIF Executive Secretar iat, administratively housed at the WTO. 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 979,624 
Contribution 2010 2,790,508 
Interest earned in 2010 6,389 
Total funds 3,776,521 
Total expenditures 2010 2,242,553 
Balance as at 31 December 2010 1,533,969 
 
Integrated Framework – Outreach Activities (TIF01) 
 
110. An allocation of USD 100,000 had been made fro m the Integrated Framework Trust fund in 
2004 for a specific project entitled Integrated Framew ork Global Advocacy and Information Strategy.  
The project purpose had been defined as enhanci ng advocacy and public awareness of the Integrated 
Framework initiative with activities focusing on th e dissemination and sharing of information, 
knowledge and lessons on trade main streaming experiences in partner LDCs to generate a common 
and better understanding of the IF's scope, pro cess and methodology for trade mainstreaming into 
national development plans, including poverty reducti on strategies.  In this regard, it was expected 
that the project would complement and reinforce l east-developed countries' own efforts to participate 
effectively in the global economy through solid pa rtnership with development agencies, donors and 
other stakeholders.  The Enhanced Integrated Fr amework Executive Secretariat is in charge of 
carrying out the outreach activities foreseen under this project.   
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 129,092 
Contributions received in 2010 - 
Interest earned in 2010 435 
Total funds 129,527 
Total expenditures 2010 - 
Balance as at 31 December 2010 129,527 
 111. The decision was taken to close this fund at the end of 2010 and the balance was returned to 
the donors in January 2011.  WT/BFA/W/236 
 Page 29 
 
 
  Independent Entity – Pre-Shipment Inspection – Deposits (T0013) 
 
112. Independent Entity (IE) is a mechanism fo r settling disputes between exporters and 
preshipment inspection companies/agencies, constit uted by the WTO, International Chamber of 
Commerce (ICC) and International Federation of Inspection Agencies (IFIA) and established under 
Article 4 of the Agreement on Preshipment Inspection. 
113. Deposit payments from the following pre-shipme nt inspection companies have been received 
to cover the estimated costs of an independent re view in the event of a dispute as required by the 
terms of reference of the Agreement:  Bureau Ve ritas International, Cotecna Inspection Limited, 
Inspectorate Griffith Limited, Inchcape Testing Services International Limited. 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 88,131 
Contributions received in 2010 - 
Interest earned in 2010 25 
Total funds 88,131 
Total expenditures 2010 - 
Balance as at 31 December 2010 88,156 
 
Programme Support Fund (EPSF1)  
114. Up until 1999, the 13 per cent overhead fees charge d on direct costs incurred in all Trust fund 
administered by the WTO were being credited to the regular budget as miscellaneous income.  Since 
then, they are being channelled through a special fund created to collect them, the Programme Support 
Fund (PSF).  According to its terms of reference, the funds should be used to finance expenses of a 
general nature, i.e. not related to any specific technical assistance project, which support technical 
assistance activities of the WTO as a whole.  In this c onnection, it should be note d that this is due to 
the fact that, currently, the WTO does not have  the means to evaluate and underwrite the 
administrative support staff costs as direct  charges to each extra-budgetary fund. 
115. The WTO may share the 13 per cent overhead fees charged to various Trust fund that it 
manages with implementing partners. 
116. Ten per cent of the expenses in the PSF is statutorily credited back to the WTO regular budget 
as a token contribution in recognition of the fact that the Organization's resources are being used for the delivery of the technical assistance activ ities financed from the extra-budgetary funds. 
117. In 2010, expenses in the PSF corresponded mainly to fixed-term and short-term contracts for 
professional or support staff performing back-o ffice duties relating to the delivery and the 
administration of technical assistance activities. 
118. The fixed-term and short-term contracts fi nanced from PSF included the following positions: 
(a) eight fixed-term support staff members in the ITTC of which four in Logistics Unit; 
(b) four fixed-term support staff members in th e Budget and Finance Section – two in the 
Trust fund Unit, one in the Finance Unit and one in the Travel Unit; (end in 2010) 
(c) three fixed-term professional staff members in the Economic Research and Statistics 
Division; 
(d) two fixed-term support staff members in the Informatics Division; WT/BFA/W/236 
Page 30  
 
  (e) three short-term support staff members in the ITTC of which two in the Logistics 
Unit; 
(f) two short-term support staff members in the Human Resources Division; 
(g) one short-term professional staff memb er in the Agriculture and Commodities 
Division. 
 
Financial Report – Summary 
 
 CHF 
Funds as at 1 January 2010 1,158,577 
Revenue 2010 2,650,474 
Interest earned in 2010 - 
Total funds 3,809,051 
Total expenditures 2010 2,589,981 
Balance as at 31 December 2010 1,219,070 
  WT/BFA/W/236 
 Page 31 
 
 
  IV. FINANCIAL STATEMENTS 
A. MANAGEMENT LETTER OF REPRESENTATION  
119. Management of the WTO is responsible for these financial statements, which have been 
prepared in accordance with the Organization's Fi nancial Regulations and Rules.  The financial 
disclosures in this report are intended to fairly pr esent the Organization's financial results in a manner 
that is complete and understandable. 
120. Management is responsible for establishing and maintaining adequate internal control over 
financial reporting so as to provide reasonable assu rance regarding the reliability of these financial 
statements for external purposes.  This includes policies and procedures that 1) provide for the 
maintenance of records that accurately and fairly reflect the transactions of the Organization, 2) 
provide reasonable assurance that transactions are authorized and recorded in compliance with the 
Organization's Financial Regulations and Rules an d 3) provide reasonable assurance regarding the 
prevention or timely detection of unauthorized ac quisition, use or disposition of the Organization's 
assets.  However, due to the inherent limitations of internal control over financial reporting, these 
controls may not prevent or detect all misstatements. 
121. Based on the above, Management has concluded th at these financial statements present fairly 
the Organization's financial position and performan ce as of 31 December 2010.  These statements 
have been audited by external auditors appointed by the General Council, and their report appears on 
the following page. 
 
 
 
  Pascal Lamy Robert Luther  Director-General Director   Administration and General Services Division WT/BFA/W/236 
Page 32  
 
  B. O
PINION OF THE EXTERNAL AUDITOR  
122. We have examined the financial statem ents of the WTO for the year ended 
31 December 2010, which comprise statements on th e financial situation a nd financial performance, 
the cash flow statement and the statement of chang es in net assets, as well as the summary of principal 
accounting practices and other explanatory notes.  Th ese financial statements were prepared under the 
responsibility of the WTO management.  It falls to us, on the basis of our audit, to express an opinion 
on the financial statements. 
123. We conducted our audit in accordance with inte rnational auditing standards.  These standards 
require that our work be organized  and implemented in such a way as to obtain a reasonable assurance 
that the financial statements contain no significant inaccuracy.  An audit consists, inter alia , in 
randomly reviewing the documents submitted in sup port of the amounts and other data shown in the 
financial statements.  It also involves evaluating the accounting principles applied and the significant estimates made by the WTO management, and assessing the overall presentation of the financial statements.  We consider that the audit that we  have conducted constitutes a reasonable foundation on 
which to base our opinion. 
124. Our opinion is that the financial statements pr esent fairly the financial position of the WTO as 
at 31 December 2010 and the result of the operations  and cash flows for the fi nancial year ended on 
that date, and that they were prepared in acco rdance with international accounting standards.   
125. Without qualifying our opinion, we draw attenti on to the impact of the gradual adoption of 
international public sector accounting standards (IP SAS). The WTO has made several changes in 
accounting policies outlined in our report, includi ng increasing the provision for short-term staff 
benefits to CHF 6.3 million. 
(signed) 
   
 
 
Didier Migaud 
First President 
French Court of Accounts  WT/BFA/W/236 
 Page 33 
 
 
  C. FINANCIAL STATEMENTS  
WORLD TRADE ORGANIZATION 
 
Statement of Budgetary Expenditure 
(2010 in CHF) 
WTO Secretariat 
 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance 
A Sect  1 Work Years 122,633,800 119,875,523 2,758,277 (2,758,277 119,875,523 0 
  Sect 2 Temporary 
Assistance 15,809,700 17,522,639 (1,712,939) 1,712,939 17,522,639 0 
B Sect  3 
Communications 1,780,000 1,544,817 235,183 (235,183) 1,544,817 0 
  Sect  4 Building 
Facilities 3,825,000 4,611,322 (786,322) 786,322 4,611,322 0 
  Sect 5 Permanent 
Equipment 1,105,000 3,795,339 (2,690,339) 2,690,339 3,795,339 0 
  Sect 6 Expendable 
Supplies 1,171,000 1,010,249 160,751 (160,751) 1,010,249 0 
  Sect  7 Contractual 
Services 9,273,000 8,533,525 739,475 (739,475) 8,533,525 0 
C Sect  8 Staff 
Overheads 4,585,000 4,366,800 218,200 (290,590) 4,294,410 (72,390) 
  Sect  9 Missions 2,902,000 2,822,523 79,477 (79,477) 2,822,523 0 
  Sect 10 TPTC 3,315,000 2,630,278 684,722 (684,722) 2,630,278 0 
  Sect 11 Various 4,045,000 3,803,875 241,125 (241,125) 3,803,875 0 
D Sect 13 ITC 18,038,900 18,038,900 0 0 18 038 900 0 
Grand Total 188,483,400 188,555,790 (72,390) 0 188,483,400 (72,390) 
 
Appellate Body and its Secretariat 
 
Part Section Budget Expenditure Balance Proposed 
Transfers Revised 
Appropriation Balance 
A Sect  1 Work Years 2,965,500 2,895,924 69,576 (31,094) 2,934,406 38,482 
  Sect 2 Temporary 
Assistance 65,600 91,073 (25,473) 25,473 91,073 0 
B Sect  3 
Communications 6,500 5,932 568 (568) 5,932 0 
  Sect  4 Building 
Facilities 18,000 32,900 (14,900) 14,900 32,900 0 
  Sect  5 Permanent 
Equipment 25,000 13,636 11,364 (11,364) 13,636 0 
  Sect  6 Expendable 
Supplies 20,000 6,288 13,712 (13,712) 6,288 0 
  Sect  7 Contractual 
Services 25,000 33,061 (8,061) 8,061 33,061 0 
C Sect  8 Staff 
Overheads 39,000 35,413 3,587 (3,587) (35,413) 0 
  Sect  9 Missions 37,000 3,092 33,908 0 37,000 33,908 
  Sect 11 Various 2,304,500 2,316,391 (11,891) 11,891 2,316,391 0 
Grand Total 5,506,100 5,433,710 72,390 0 5,506,100 72,390 WT/BFA/W/236 
Page 34  
 
   
 
Trust Fund 
 
 Part Section Expenditure 
A Sect  1 Work Years 6,280,007  
  Sect 2 Temporary Assistance 3,842,304  
B Sect  3 Communications 329,373  
  Sect  4 Building Facilities 121,149  
  Sect  5 Permanent Equipment 0  
  Sect  6 Expendable Supplies 214,909  
  Sect  7 Contractual Services 124,360  
C Sect  8 Staff Overheads 63,058  
  Sect  9 Missions 11,738,676  
  Sect 11 Various 6,767,738  
Grand Total 29,481,574  WT/BFA/W/236 
 Page 35 
 
 
  WORLD TRADE ORGANIZATION 
 
Statement of Financial Position 
 
AS AT DECEMBER 31, 2010 (CHF) 
 
 
Notes 2010 2009 
ASSETS 
Current assets 
Cash and cash equivalents 3 58,164,091 58,685,489 
Receivables from Member s 4 23,760,4 76 26,020,170 
Receivables from Observer s 4 1,156,018 1,036,708 
Inventories 5 366,262 546,161 Other receivables 6 8,622,627 5,822,512 
Prepayments 7 521,057 523,498 
92,590,532 92,634,539 
Non-current assets 
Work in Progress 8 6,817,662 500,000 
6,817,662 500,000 
Total assets 99,408,193 93,134,538 
LIABILITIES 
Current liabilities 
Payables 9 4,184,895 4,059,961 
Contributions paid in advance by Members and Observers 10 970,536 5,183,263 Provision for obligations outstanding as at year-end 11 14,356,233 8,249,545 
Provision for contributions in arrears 4 15,895,347 25,855,428 
Provision for employee benefits 12 6,372,400 3,778,700 
Trust fund balance due to donors/deferred revenue 13 
19,443,328 24,951,397 
61,222,738 72,078,295 
Non-current liabilities 
Loan payable 8 7,950,000 500,000 
7,950,000 500,000 
Total liabilities 69,172,738 72,578,294 
Net assets 30,235,455 20,556,244 
NET ASSETS/EQUITY 
Working Capital Fund 14 10,099,780 10,071,222 
Reserves/operating funds  15 9,608,355 9,448,034 
Accumulated surplus 16 10,527,319 1,036,988 
Total net assets/equity 30,235,455 20,556,244 
 WT/BFA/W/236 
Page 36  
 
   
WORLD TRADE ORGANIZATION 
 
Statement of Financial Performance 
  
AS AT DECEMBER 31, 2010 (CHF) 
 
 
Notes 2010 2009 
REVENUE 
Contributions assessed on Members 17 192,200,000 187,700,000 
Contributions of Observers 18 884,015 844,650 
Voluntary contributions on trust fund 19 29,426,701 26,816,202 
Revenue from publications 20 388,030 471,077 Savings on prior year's outstanding obligations 21 798,254 428,466 
Refund of prior year's expenditure 22 1,224,807 308,535 
Other revenue 23 
151,777 267,692 
Total revenue 225,073,585 216,836,622 
EXPENSES 
WTO Secretariat budgetary expenditure 24 (188,555,790) (182,255,738) 
Appellate Body and its Secretariat budgetary expenditure 24 (5,433,710) (5,289,686) 
Trust fund expenditure 24 (29,156,122) (26,630,176) Loss on foreign exchange transactions  25 (618,465) (1,210,266) 
Provision for contribution in arrears 4 9,960,081 (447,432) 
Write-off and adjustment for inventories 5 (138,201) (5,356) 
Write-off of pre-1988 contributions in arrears 4 (604,059) 0 
Total expenses (214,546,266) (215,838,654) 
Surplus/(deficit) for the period 10,527,319 997,968 
 
  WT/BFA/W/236 
 Page 37 
 
 
  WORLD TRADE ORGANIZATION 
 
Statement of Changes in Net Assets/Equity 
 
AS AT DECEMBER 31, 2010 (CHF) 
 
 
Note Working 
Capital Fund Reserves / 
Operating 
funds Accumulated 
Surplus/Deficit  Total Net 
Assets/Equity 
Balance at 31 December 2008 9,994,34 8 10,739,099 2,83 9,020 23,572,467 
Application against Member 
contributions   (2,800,000) (2,800,000) 
Replenishment of reserves 2,943,201 2,943,201 
Utilisation of reserves (4,234,266) (4,234,266) 
Interests earned 76,874 76,874 
Surplus/Deficit  997,968 997,968 
      
Balance at 31 December  2009 10,071,222 9,448,03 4 1,036,988 20,556,244 
Transfer to MTOF (1,036,988) (1,036,988) 
Replenishment of reserves 15 3,136,988 3,136,988 
Utilisation of reserves 15  (3,023,773) (3,023,773) 
Saving on prior years obligations 15 47,106 47,106 Interests earned 14 28,558 28,558 
Surplus/Deficit of the year 16 10,527,319 10,527,319 
      
Balance at 31 December 2010 10,099,780 9,608,355 10,527,319 30,235,455 
 WT/BFA/W/236 
Page 38  
 
   
WORLD TRADE ORGANIZATION 
 
Cash Flow Statement 
(indirect method)  
 
AS AT DECEMBER 31, 2010 (CHF) 
  
Cash flows from operating activities 2010 2009 
Surplus from ordinary activities 10,527,319 997,968 
Surplus allocated to Members 0 (2,800,000) 
Surplus allocated to re serves (1,036,988) 0 
(Increase) / decrease in r eceivables (657,290) 264,090 
(Increase) / Decrease in inventories 179,899 41,721 
Increase / (Decrease) in paya bles (4,087,793) (2,245,461) 
Increase / (Decrease) in provisi ons for arrears and outstanding obligations (3,853,394) (799,552) 
Increase / (Decrease) in provisions for employee benefits 2,593,700 3,778,700 
Increase / (Decrease) in trust fu nd balance (5,508,070) 4,288,718 
Increase / (Decrease) of the Working Capital Fund 28,558 76,874 Increase / (Decrease) in re serves 160,321 (1,291,064) 
Net cash flows from operating activities (1,653,737) 2,311,994 
Cash flows from investing activities (6,317,662) (500,000) Net Cash flows from investing activities (6,317,662) (500,000) 
Cash flows from financing activities 7,450,000 500,000 Net cash flows from financing activities 7,450,000 500,000 
Net Increase /(Decrease) in cash and cash equivalents ( 521,398) 2,311,994 
Cash and cash equivalents at beginning of period 58,685,489 56,373,496 
Cash and cash equivalents at end of period 58,164,091 58,685,489 
  WT/BFA/W/236 
 Page 39 
 
 
  D. NOTES TO THE FINANCIAL STATEMENTS  
Note 1.  Major developments during the year IPSAS Project Update 
In May 2009, the General Council adopted th e International Public Sector Accounting 
Standards (IPSAS) implementation project plan w ith the objective of issuing IPSAS compliant 
financial statements for the 2012 reporting period.  
 IPSAS reflect international best practice for accrual based accounting and financial reporting 
for governments, not for profit and public sector or ganizations.  The implementation of independent 
and internationally recognized standards will provi de Members with better financial information 
which shall improve the management of resources and provide greater transparency.  
 
The WTO follows a progressive approach to implementation.  The main impact on the 2010 
financial statements concerns employee benefits. The WTO continues to record a provision for 
selected accrued liabilities, such as education grants, home leave, untaken annual leave and family 
allowances.  For untaken annual leave, the scope of the provision has broadened in 2010, leading to 
an increase of the amount from CHF 3,778,700 at 31 December 2009 to CHF 6,372,400 at 31 
December 2010.   
The actuarial valuation for pension benefits and after health service care is disclosed in the 
notes to the financial statements.  The valuation is compliant with IPSAS 25
[1] and it amounts to CHF 
492,183,000 and CHF 239,405,000, respectively.  When  issuing compliant financial statements for 
the 2012 reporting period, the unfunded part of these amounts will be recorded as liabilities.  
Building project  
The CHF 130 million building project to renovate  and expand existing facilities in order to 
house the entire WTO Secretariat at its current site  has been initiated in 2009.  The renovation of the 
existing building and the construction of an unde rground car park amounting to CHF 70 million are 
financed by the Swiss authorities.  The major structural changes to the existing building (intra-muros 
project) and the construction of a new office bu ilding (extra-muros) project amounting to CHF 60 
million will be financed by an interest free loan provided by the Swiss authorities.  
Building Project update Work in Progress Amount of loan received 
CHF Million 2009 2010 2009 2010 
Intra-muros project 0 6.3 0 7.4 
Extra-muros project 0.5 0.5 0.5 0.5 
 Outstanding contributions 
Following the external auditor's recommenda tion, the new methodology for calculating 
provisions for contributions in arrears takes into account the ageing of outstanding contributions from 
Members and Observers.  Its impact is a d ecrease of the provision of CHF 9,960,081 and a 
corresponding increase of the net surplus. 
                                                      
[1] IPSAS 25: International Public Sector Accounting Standards – Employee benefits. WT/BFA/W/236 
Page 40  
 
  In the last two years, the General Council has approved seven payment plans.  In accordance 
with the WTO regulations, the contributions in ar rears were reduced, leading to a saving for the 
beneficiaries of the plan of CHF 604,059. 
Note 2.  Accounting policies 
 
The WTO financial statements disclose the financial activities of both the regular budget and 
Trust fund. 
Basis of Preparation 
These accounts are maintained in accordance with the Financial Regulations and Rules of the 
WTO, as adopted by the General Council (WT/L/156 /Rev 2 and WT/L/157/Rev 1), and in accordance 
with conditions of service applicable to the staff of the WTO Secretariat as adopted by the General 
Council (WT/GC/W/102/Rev. 1). Accounts are maintain ed on a fund basis.  A General Fund and a 
Working Capital Fund, supplemented when appropri ate by Trust fund, have been established in 
accordance with Chapters V, VI and VII of the Financial Regulations. 
Financial Year 
The financial period consists of one calendar year, from the 1st of January to the 31st of 
December. 
Currency 
Accounts are maintained in Swiss francs (CHF).   Contributions from Members and Observers 
are assessed in CHF.  Contributions received in a currency other than CHF are converted and credited 
at the bank rate of exchange applicable at the value date.  Transactions denominated in foreign 
currencies (other than assessed c ontributions), are converted into CHF using the official United 
Nations exchange rate at the date of the tran saction.  At the end of each month, bank accounts 
denominated in foreign currencies are converted to CHF equivalent using the official United Nations 
exchange rate of the month. 
Statement of Financial Performance 
Revenue and expenses are accounted for on a modified accrual basis: 
- Revenue: 
 Contributions from Members and Observers are accounted for on an accrual basis. 
 Voluntary contributions to Trust fund are recognised up to the amount expensed in the 
period.  The balances of unspent voluntary cont ributions that relate to future periods are 
deferred accordingly as a balance due to donors. 
 Sales of publications, souvenirs and royalties as well as the rental of meeting rooms are 
accounted on an accrual basis. 
 Savings on prior year's outstanding obligati ons are accounted for when the balance of 
any appropriations relating to the last financial period has not been used. 
 Financial interest is accounted for on an accrual basis. 
 Refunds of prior year's expenditure are recorded as revenue. 
  WT/BFA/W/236 
 Page 41 
 
 
  - Expenses: 
 Staff expenditures are accounted for on a modi fied accrual basis.  Salary, pension plan 
and health insurance contributions, overtim e and selected employee benefits, (such as 
allowances for dependent spouse, educati on grants, home leave and the untaken leave 
balance for each staff above 20 days) are ac counted for on an accrual basis.  All long-
term liability employee benefits including t hose requiring actuarial valuation such as 
pension plan liability and after service health benefits are disclosed in the notes to the 
financial statements. 
 Other expenditures, including purchase of goods and services from suppliers, travel 
expenses and special service agreements w ith consultants, are accounted for when 
committed. 
 Outstanding obligations at year-end are expe nsed.  A specific provision for reserve for 
obligations outstanding as at year-end is identif ied in the statement of financial position. 
 Prepaid expenditures relating to invoices paid for which the service has not been 
delivered at year-end are not expensed and are recorded in the statement of financial position. 
 Provision for contributions in arrears and th e write-off and adjustment of publications 
inventories are recorded in the statement of financial performance. 
 An overhead fee representing 13 per cent of the direct cost is levied on all trust funds and 
transferred to the Programme Support Fund  in accordance with the decision of the 
General Council (WT/GC/M32). 
 
Statement of Financial Position 
 
 Property Plant and Equipment (PPE) are not reco gnized as assets but are fully expensed at the 
time of acquisition.  
 Inventories are either produced in-house or pur chased from suppliers.  Inventories held for 
sale, such as publications and souvenirs, are either  in-house publications valued at cost of ink 
and paper or purchased inventory valued at the purchase price, including shipping costs.  Free 
publication inventory is not valued.  Write -off of inventories is booked for obsolete 
publications through the statement of financial performance. 
 Advances paid to partner organizations to ex ecute technical assistance activities are recorded 
as prepayments until the receipt of the final expenditure statements. 
 Provision for outstanding contributions from Members and Observers is booked through the 
statement of financial performance a nd follows the following method:  
 
Members and Observers with 
outstanding contributions at year-end Level of the provision 
> 3 years 100 % 
> 2 years 75 % 
> 1 year 50 % 
≤ 1 year 0 % 
 
 Any balance left in a multi-donor and revolving  trust fund at year-end is shared between 
donors on a pro-rata  basis (i.e. according to their share in the total funds made available).  An 
exception to this is where there is earmarking and/or  special conditions attached by a donor in such a 
fund.  In that case that donor's share is calcu lated according to the conditions imposed (and/or 
earmarking) before prorating the remaining amount  amongst the other donors who did not attach any 
conditions.  A donor's contribution may be considered as fully used in the following cases: (i) 
remaining amount less than CHF 20,000 in a revolving fund; (ii) the terms of the special conditions WT/BFA/W/236 
Page 42  
 
  state the contribution amount as a maximum partic ipation to finance a multi-donor project and 
stipulate an implementation period (i.e . an end date for a revolving fund). 
 Statement of Changes in Net assets/Equity 
 
 Reserves for different operating funds and the reserve for the Doha Development Agenda 
Global Trust fund are created following decisions of the General Council. 
 The utilisation of any accumulated surplus balan ce has to be adopted by the General Council, 
in accordance with Regulation 26 of the Financial Regulations. 
 Cash Flow Statement 
 
 The Cash Flow statement is prepared using the indirect method. 
 Financial risks policy 
 
The Organization is exposed to limited financ ial risks, in accordance with its Financial 
Regulations and Rules (WT/L/156/Rev.2). 
- Counterparty risk: 
 The conservation of capital is the primary obj ective when investing funds.  In order to 
limit the counterparty risk, funds are depos ited with at least two internationally 
recognized financial institutions with rating equivalent to A+ or better. 
 
- Foreign currency exchange risk: 
 The exposure to the foreign exchange rate ri sk is reduced by maintaining all funds in 
CHF, the Organization's base currency.  The holding of funds in other currencies is 
permitted only to cover actual or anticipated commitments in those currencies.  Funds 
held in foreign currencies shall not exceed the sum of the actual commitments and the 
anticipated commitments for the next 12 m onths.  Speculation on exchange rates is 
strictly forbidden. 
 
- Interest and market risks: 
 Interest and market risks are also very limited as speculation on interest rates is 
strictly forbidden and cash balances retained by the Secretariat can only be invested 
through the following means: 1) Interest bearing account 2) Bank term deposit of up 
to a maximum duration of 24 months 3) St raightforward money market investment 
funds, all with an overall rating equivalent to A+ or better. 
 
- Liquidity risk: 
 The level of funds available shall be mainta ined to meet the payment requirements of 
the Secretariat.  The investment dura tion shall take into account the timing 
uncertainties on the receipt of Members contributions and the cash-flow requirements.  
Borrowing cannot be contracted with banks. 
  WT/BFA/W/236 
 Page 43 
 
 
  Note 3.  Cash and cash equivalents 
 
Cash and cash equivalent 2010 2009 
Cash in hand 10,000 10,000 
Cash at bank by currency:     
CHF 54,394,783 33,467,074 
USD 3,084,215 50,980 
EUR 626,205 71,239 
GBP 48,887 27,397 
Total cash  58,164,091 33,626,689 
CHF Short term investments 0 19,875,000 
USD Short term investments 0 2,302,300 
EUR Short term investments 0 2,714,400 
GBP Short term investments 0 167,100 
Total short term investment  0 25,058,800 
Total cash and cash equivalent 58,164,091 58,685,489 
The total amount of cash and cash equiva lents is CHF 58,164,091.  It includes 
CHF 10,026,483 related to the Working Capital F und.  Bank accounts are held with UBS, Crédit 
Suisse and the Swiss Post Finance Bank.  
At 31 December 2010, there are no short term investments.  In 2010, WTO has opened a 
deposit account whose terms have been negotiated with the bank.  It results in a higher interest rate 
than would have been obtained from short term inv estments.  The balance of this deposit account is 
CHF 28,297,268 as at 31 December 2010. 
Note 4.  Receivables from Members and Observers 
 
Receivables from Members and Observers repr esent unpaid contributions of CHF 23,760,476 
for Members, CHF 1,156,018 for Observers and a dvances due to the Working Capital Fund of  
CHF 63,274.  The details for Members and Ob servers are presented in schedules B and C, 
respectively. 
In 2010, the accounting methodology for calculating the provisions for contributions in 
arrears has changed.  The former methodology was to book a provision for the full amount of 
outstanding contributions from Members only and irrespective of the ageing of outstanding contributions.  The new risk based methodology – described in note 2 on the accounting policies – includes the outstanding contributions from Observe rs and takes also into account the ageing of the 
outstanding contributions. 
CHF 2010 2009 
Provision for arrears from Members 14,817,879 25,855,428 
Provision for arrears from Observers   1,077,468 0 
Total provision 15,895,347 25,855,428 
 
As a result, the provision for outstanding contributions amounts to CHF 15,895,347 as at 
31 December 2010 versus CHF 25,855,428 as at 31 Dece mber 2009.  This decrease of CHF 9,960,081 
is recorded as a decrease of the provision for contri butions in arrears in the statement of financial 
performance. WT/BFA/W/236 
Page 44  
 
  The WTO has signed payment plans with six Members in 2010 aimed at liquidating all 
arrears.  As part of approved payment plans with Members and in accordance with Financial Regulation 18.2, pre-1988 contributions have b een reduced by CHF 604,059 and this reduction has 
been accounted for in the statemen t of the financial performance. 
Note 5  Inventories 
 
Inventories 2010 2009 
WTO publications and co-publications 224,142 343,195 
Non WTO publications 94,598 132,224 
Souvenirs 47,523 70,742 
Subtotal inventories (including 
adjustments and write offs) 366,262 546,161 
Adjustments (6,004) 55,904 
Write offs (132,197) (61,260) 
Total Adjustments and write offs (138,201) (5,356) 
 
Inventories consist of WTO publications, co- publications, other non WTO publications and 
souvenirs held for sale. 
The adjustment corresponds to the reconciliati on between the value of the inventory in the 
financial accounts and the value of the actual physica l inventory.  In 2010, the amount of adjustment 
is less than 2 per cent of the total inventory, which indicates a good management of the inventory as 
the industry figures range around 5 per cent of discrepancy. 
Write-offs relate to obsolete inventories.  The policy is to write off publications older than 
five years and obsolete publications such as those th at have been replaced by a more recent edition.  
In 2010, due to the new contract of external dist ribution for publications and the stock move to the 
distributor as well as the storage constraints at the WTO caused by the renovation work, the amount 
of write-off has led to CHF 132,197.  
Note 6.  Other receivables 
 
Other receivables 2010 2009 
Staff advances for salary , travel and education 
grant 2,398,396 2,312,858 
Recoverable United States taxes 3,997,814 2,994,063 
Recoverable Swiss taxes 99,611 176,537 
Various other receivabl es 2,126,806 339,054 
Total other receivables 8,622,627 5,822,512 
Staff advances made for education grants represent CHF 2,372,798 of the total of  
staff advances. 
Staff remunerated by the Organization are ex empted from income taxes.  However, the 
United States requires its citizens and residents to file and pay tax worldwide.  When a staff member is obligated to pay income tax to the United St ates, the WTO provides advances for estimated tax 
payments and reimbursements for actual tax paymen ts and subsequently asks for a reimbursement  WT/BFA/W/236 
 Page 45 
 
 
  from the United States Government in conformity with an Agreement between the WTO Secretariat 
and the United States of 22 December 2000. 
The method of reimbursement applied by the Un ited States Government is different from the 
method applied by the WTO Secretariat.  The latter has been validated by the Administrative Tribunal 
of the International Labour Organization.  The di fference in reimbursement methods results in an 
expenditure for the WTO amounting to CHF 85,150 in 2010 and CHF 135,802 in 2009. 
As an International Organization, the WTO is exempted from Swiss taxes such as value added 
tax (VAT), federal stamp duty and tax on the inte rest earned on investments.  Annually the WTO 
Secretariat files a tax reimbursement claim to the Swiss authorities. 
Other receivables include advances paid rela ted to trust funds for CHF 1,501,730 at 31 
December 2010.  It includes funds paid for one Regional Trade Policy Course and for seminars 
organized with a partner organization.  These activities have taken place in 2010 but the final 
expenditure statements have not been r eceived at the closure of the accounts.  
Note 7.  Prepayments 
 
Prepayments are made before the reception of a good or the rendering of a service.  They 
correspond mainly to subscription costs and air ticket s for technical assistance that will be held in 
2011. 
Note 8.  Work in progress 
 
The building project to renovate and house the entire WTO Secretariat on the current 
headquarters site was launched in 2009.  The major structural changes to the existing building (intra-
muros project) and the construction of a new o ffice building (extra-muros project) amounting to  
a total of CHF 60 million will be financed by an interest free loan provided by the Swiss authorities.   
The amount of CHF 6,817,662 of work in progress is split between work done for the intra-
muros project (CHF 6,321,326) and extra-muros project (CHF 496,336) at the end of 2010.  The 
WTO has received CHF 7,450,000 of funds from the CHF 20 million loan granted for the intra-muros 
project and CHF 500,000 from the CHF 40 million loan granted for the extra-muros project.  
Note 9.  Payables 
 
Payables 2010 2009 
Suppliers 3,195,371 3,179,388 
WTO staff, consultants and interns 793,529 700,971 
Other payables  195,995 179,602 
Total payables 4,184,895 4,059,961 
 
Payables to suppliers and staff at year-end reflect amounts expensed in 2010 for which 
settlement has been effected in 2011.  WT/BFA/W/236 
Page 46  
 
  Note 10.  Contributions paid in advance by Members and Observers 
 
Contributions paid in advance by Members a nd Observers at 31 December 2010 consist of 
advance payments received and inter est earned and due to Members.  
Contributions paid in advance by Members and Observers  2010 2009 Reference 
Contributions paid in advance by Memb ers and Observers 634,436 871,894 Schedule B 
Allocation of the prior year surplus as approved by the General 
Council 0 2,800,000 WT/BFA/120
(2010) 
Interest earned through the Early Payment En couragement Scheme 336, 100 1,511,369 Schedule A 
Total contributions paid in advance by  Members and Observers 970,536 5,183,263 
 
The General Council introduced a system to en courage early payment of contributions.  The 
annual interest earned on the current year's contri butions is refunded to Members on the basis of 
calculations which take into account the amount and date of payment.  The interest refund earned by a 
Member in a given year is deducted from the Member 's contribution due two years later.  The amount 
of CHF 336,100 is the interest earned by Member s in 2010 (CHF 152,151) and 2009 (CHF 183,949).  
Note 11.  Provision for obligations outstanding as at year-end 
 
All year-end valid outstanding commitments, in accordance with the Financial Rules, are 
recorded as expenditure.  The counterpart is a provi sion for outstanding obligations in anticipation of 
expected payments to be made.  
The provision for obligations outstanding at 31 December 2010 amounted to CHF 8,133,113 
with respect to the WTO Secretariat (including CHF 4,606,654 relating to the building project),     CHF 25,100 for the Appellate Body and its Secr etariat and CHF 6,198,019 for trust funds.  
Note 12.  Employee benefits 
 
Four employee benefit liabilities are recorded unde r the accrual basis principle at the end of 
2010. 
Employee benefits 2010 2009 
Untaken annual leave  4,060,500 1,578,900 
Education grant 1,186,400 1,141,600 
Home leave 1,075,500 1,058,200 
Dependency allowance 50,000   
Total 6,372,400 3,778,700 
 
The provision for untaken annual leave corresponds  to the leave balance due to staff at the 
end of the year.  The total estimated amount of untaken annual leave for all staff amounts to CHF 9,725,321 at the end of 2010 and CHF 9,377,700 at the end of 2009. 
This provision is gradually booked in the accounts since 2009.  At the end of 2010, the 
amount recorded as a liability reflects only the untaken annual leave for permanent employees with an accumulated balance of more than 20 days and for tem porary staff for their total balance.  In 2009, the 
provision included untaken annual leave for perman ent employees financed by the regular budget 
with an accumulated balance of more than 40 days.   WT/BFA/W/236 
 Page 47 
 
 
  The provision for education grants is establishe d to cover the expenditure associated with the 
first four months of the school year through December that will be settled at the end of the school year 
in the following summer.  
The provision for home leave is established to c over the liability incurred by all eligible staff 
in a given year for their home leave.  Staff entitle d to home leave may return to their home country 
every other year.  
The provision for dependency allowance is est ablished to cover financial support given to 
staff dependants (spouse and children).  The same amount of provision (CHF 50,000) was recorded 
last year in the provision for outstanding obligations.  
Other employee benefits are not yet accounted for on an accrual basis.  This is the case for the 
removal indemnity/cost for international staff going back to their home country, the separation grant, 
the pension plan liability and after-service health in surance.  The following additional information is 
available on these unrecorded employee benefits: 
The average unit cost of the removal/indemnity cost over the past eleven years has been 
CHF 17,227.  Over the past eleven years, 59 per cent of  international staff have been returning to their 
home country.  Based on a 2 per cent discount rate (corresponding to a 10-year Swiss bond rate), the 
amount of the provision is estimated at CHF 3,010,702 at the end of 2010. 
Separation grant benefits are estimated as follows: 
CHF Actualised amount 
(2% discount rate) Non actualised amount 
 2010 2010 2009 
Separation grant benefits  for local staff 2,010,092 2,584,152 2,489,431
Separation grant benefits for international staff 9,077,402 12,208,629 11,994,093
 
As of 31 December 2010, the WTO has a net estimated liability for its Pension Plan 
amounting to CHF 492,183,000. This amount has been calculated as follows: 
CHF  
Benefit obligations 832,171,000 
Fair value of pension plan assets (339,988,000) 
Net liability 492,183,000 
 
 As of 31 December 2010, the WTO has a net est imated liability for its after-service health 
insurance amounting to CHF 239,405,000.  WT/BFA/W/236 
Page 48  
 
  These valuations are based on the key following actuarial assumptions: 
Discount rate 2.80% 
Long-term net of return on assets 5.20% 
Salary increases 2.10% 
Pension increases 1.10% 
Inflation (Consumer Price Index) 1.10% 
Note 13.  Trust fund balance due to donors/deferred revenue 
 The balance due to donors in all the trus t funds entrusted to the WTO amounts to  
CHF 19,443,328 at the end of 2010.  This balance represents deferred revenue of  
CHF 19,417,118 regarding uns pent voluntary contributions received and contributions paid in 
advance of CHF 26,210.  The balance is available to fund future trust fund activities.  It can also be 
reimbursed to donors at their request.  A detaile d list by donor and trust fund is presented in 
schedule E.  
The balance due to donors has decreased by CHF 5,508,070 at the end of 2010: 
Balance due to donors 31-12-2009 24,951,397 
Contributions paid in advance for 2010 activities (1,779,212) 
Voluntary contributions recei ved in 2010 25 ,671,634   
Contributions paid in advance for 2011 activities 26,210 
Interests on investments 63,163 
Expenses incurred on Trust fund (schedule D) (29,489,866) 
Balance due to donors 31-12-2010 19,443,328 
 
Note 14.  Working Capital Fund 
 
Governments acceding to the WTO shall make an advance to the Working Capital Fund 
(WCF) in accordance with the scale of contributions applicable to the budget for the year of their 
accession.  The minimum advance to the Working Capital Fund amounts to 0.5 per cent of the 
principal of the Fund for countries or separate custom s territories whose share of the total trade of 
Members is 0.5 per cent or less.  The interest ear ned on the advances made by Members accrues to the 
Organization. 
No new Members have acceded to the WTO in  2010.  Three Members have paid their 
advance to the Working Capital Fund, reducing the receivables by CHF 101,468.  The interest earned 
on investments and on the current account at 31 December 2010 amount to CHF 17,813 and CHF 10,745, respectively.   WT/BFA/W/236 
 Page 49 
 
 
  WORLD TRADE ORGANIZATION 
 
Working Capital Fund Statement 
 
AS AT DECEMBER 31, 2010 (CHF) 
 
2010 2009 
ASSETS                                                                          
Cash and cash equivalents 10,026,483 9,879,546 
Receivables from Members 63,274 164,742 
Tax receivables 10,024 26,934 
Total assets 10,099,780 10,071,222 
 
LIABILITIES AND CAPITAL FUND 
Advances made by Members  4,468,180 4,468,180 
Interests earned  5,631,600 5,603,042 
Total liabilities and capital fund 10,099,780 10,071,222 
 
Note 15.  Reserves  
Reserves consist of the following operating funds established by the Members: 
Reserves (CHF) 
MTOF MOF DDAGTF SEOF ABOF TOTAL 
Balance 2008 8,051,716 1,475,885 1,000,000 211,498 0 10,739,098
Replenishment of 
reserve       1,356,092 1,587,109 2,943,201
Utilisation of reserves   (1,475,885 ) (1,567,590) (1,190,791) (4,234,266)
Balance 2009 8,051,716 0 1,000,000 0 396,318 9,448,034
Replenishment of 
reserves: 1,036,988 600,000   1,500,000 3,136,988
Saving on prior years 
obligations   47,106       47,106
Utilisation of reserves (1,809,445)       (1,214,329) (3,023,773)
Balance 2010 7,279,259 647,106 1,000,000 0 681,990 9,608,355
 
 Members' Transition Operating Fund (MTOF) 
 
 This reserve has been created in 2008 to finance additional operating costs during the 
construction work and final installation cost s once the construction work is completed 
(WT/BFA/107).  In 2010, the Committee on Budget, Finance and Administration has decided to transfer the 2009 accumulated net surplus of CH F 1,036,988 to this Fund.   In 2010, CHF 1,809,445 
has been used for the South Courtyard Conference Centre.  
 
 Ministerial Operating Fund (MOF) 
 
The Ministerial Operating Fund (MOF) has been established in 1999 (WT/BFA/44) to reduce 
the burden of the costs associated with a Minister ial Conference by spreading its costs over several 
years with an annual appropriation funded through the WTO Secretariat budget.  In 2009, this fund 
has been used to finance the 7
th Ministerial Conference held in Geneva from 30 November to 2 
December 2009.  In 2010, the reserve has been  replenished by CHF 600,000, and CHF 47,106 come 
from savings on 2009 obligations related to the 7th Ministerial Conference.   WT/BFA/W/236 
Page 50  
 
   
 Doha Development Agenda Global Trust fund (DDAGTF) 
  This reserve has been created in 2001 to be  used as a buffer account associated with the 
operations of the Doha Development Ag enda Global trust funds (WT/GC/M/72). 
 
 Security Enhancement Operating Fund (SEOF) 
 
This reserve has been created in 2004 for the funding of a five-year Programme to enhance 
security at WTO premises.  The fund has been fu lly used and was closed at the end of 2009. 
 
 Appellate Body Operating Fund (ABOF) 
 
 This reserve was established in 1997 and is intended to cover the variable costs of the 
Appellate Body linked to the number of cases brought  before the Appellate Body.  The fund is 
replenished through a specific line in the annual budget.  The fund has been partially used in 2010 
leaving a balance of CHF 681,990.  
Note 16. Accumulated surplus 
The 2009 accumulated net surplus has been transf erred to the Members' Transition Operating 
Fund, following a decision of the Committee on Budget, Finance and Administration (WT/BFA/120).  WT/BFA/W/236 
 Page 51 
 
 
   
WORLD TRADE ORGANIZATION 
 
Surplus Account 
 
2010 Budget 2010 Actual* Difference 
Actual- 
Budget 
2010 Budget 
WT/BFA/114 2010 Financial 
statements  
 
INCOME 
Assessed contributions 192,200,000 192,200,000 0 
Miscellaneous income  1,789,500 3,709,172 1,919,673 
Total 193,989,500 195,909,172 1,919,673 
 
EXPENDITURE   
Expenditure  (193,989,500) (193,989,500) 0 
Loss on foreign exchange transactions  0 (610,173) (610,173) 
Write-off and adjustment for inventories 0 (138,201) (138,201) Provision for contribution in arrears 0 9,960,081 9,960,081 
Cancellation of contributions in arrears /payment plan 0 (604,059) (604,059) 
Total expenditure (193,989,500) (185,381,853) 8,607,647 
 
Surplus 2010 0 10,527,319 10,527,319 
Accumulated surplus     10,527,319 
 
* excluding Trust fund 
Note 17.  Contributions assessed on Members 
 
Members' contributions are determined by th e scale of assessments approved annually by the 
General Council.  Contributions for 2010 were assessed on Members for the total amount of 
CHF 192,200,000 (WT/BFA/120).  The share to be contributed by each Member to the annual operating budget of the WTO is established on the basis of that country's, or separate customs 
territory's, international trade (imports plus exports ) in relation to the international trade of all WTO 
Members.  A minimum contribution of 0.015 per cent is applied to those Members whose share in the 
total international trade of all WTO Members is less than 0.015 per cent.  Details of Members' 
contributions are provided in schedule B.  
Note 18.  Contributions of Observers 
 
Observers are assessed at a single rate each year, corresponding to the minimum contribution 
of a Member.  The 2010 assessment for an observer amounted to CHF 28,830.  A total of CHF 884,015 has been collected from Observers in  2010.  There were no new Observers joining 
WTO in 2010.  When an Observer becomes a Member, its assessed contribution, for the year in which 
membership has been granted, is pro-rated.  Me mbership of the WTO can only be obtained only after 
settlement of all outstanding dues as an Observer.  Details of Observers cont ributions are provided in 
schedule C.  WT/BFA/W/236 
Page 52  
 
  Note 19.  Voluntary contributions 
 
Revenue from voluntary contributions to trust f unds is recognised up to the amount expensed 
in the period according to the accrual principle.  The details of voluntary co ntributions collected in 
2010 by fund and by donor are provided in schedule F. 
Note 20.  Revenue from publications 
 
Revenue from publications includes the sale of WTO publications, co-publications, other non 
WTO publications and souvenirs through the books hop located in the WTO Secretariat or through 
direct sales.  It also includes royalties from the sale of WTO publications or co-publications.  The 
decrease of CHF 83,047 in revenue between 2010 and 2009 can be explained by the increased 
production of books in electr onic format which generate less income  than publications in paper format. 
Note 21.  Savings on prior year's outstanding obligations 
 
After one year, unutilised provisions for outstandi ng obligations related to the regular budget 
are liquidated and recorded as revenue, in co mpliance with Regulation 23 of the Financial 
Regulations.  In 2010, the saving on the prior year's outstanding obligations amounted to CHF 
798,254. 
Note 22.  Refund of prior year's expenditure 
 
The revenue generated by the refund of prio r year's expenditure has increased from 
CHF 308,535 in 2009 to CHF 1,224,807 in 2010.  This increase is mainly explained by the recording 
in 2010 of the WTO portion of the 2008-2009 re funded surpluses of the International Computing 
Centre amounting to CHF 680,031 and the Interna tional Trade Centre amounting to CHF 348,876. 
Note 23.  Other revenue 
 
Other revenue 2010 2009 
Interest on current accounts - WTO  0 21,294
Interest on investments and current accounts - Trust funds 63,163 93,199
Rental of meeting r ooms and office space 56,675 33,125
Miscellaneous 31,939 120,074
Total other revenue 151,777 267,692
 
In 2010, the interest earned on current accounts h as been integrated in the calculation of the 
interest earned through the early payment encour agement scheme and returned to Members, hence no 
revenue.  In 2009, this interest was not included in the calculation.  Schedule F provides the details on 
the interest related to trust funds by fund and do nor.  The rental of office space to the UBS bank is 
invoiced at a rate of CHF 10,575 every quarter.  
Note 24.  Budgetary and trust fund expenditure 
 
The Statement of Financial Performance presen ts total budgetary expenditure for the WTO 
Secretariat, the Appellate Body and its Secretaria t and the trust funds.  For the WTO Secretariat and 
the Appellate Body and its Secretariat, details ar e provided in the budgetary report.  For the trust 
funds, additional information is provided in schedules D to I.  WT/BFA/W/236 
 Page 53 
 
 
  Note 25.  Foreign currency exchange 
 
The activities of the Organization are exposed to fo reign exchange rate fluctuations.  The risk 
is limited as contributions and staff salaries are received and paid in CHF.  The transactions denominated in foreign currencies are mainly rela ted to voluntary contributions, funded training 
courses, seminars, symposia and workshops, and US  taxes.  In 2010, the loss on foreign exchange 
transactions amounted to CHF 618,465, mainly due to  unfavourable exchange rate fluctuations with 
respect to the euro.  
Note 26.  Property, plant and equipment 
 
The surface right of the land, on which the Centre William Rappard is built, has been 
registered on the 8
th of February 2010. The on-going buildi ng project will significantly change the 
situation in the coming years. The WTO will start recording property in 2012. 
Following the IPSAS progressive implementati on approach, WTO has started to build its 
2012 opening balance for fixed assets.  All the assets acquired individually with a value above 
CHF 5 000 or acquired through lots for individual ite ms valued between CHF 2 500 and 5 000 will be 
recorded at their depreciated cost in the 2012 openi ng balance.  The table below shows the purchase 
cost of the infrastructure and security equipment acquired since 2007 and the IT equipment acquired since 2008.  
Fixed assets (except Reproduction) Infrastructure IT Security Total 
Opening balance 2009 926,012 749,157 1,658,981 3,334,150
Acquisitions during 2010 277,213 441,222 326,800 1,045,235
Disposals during 2010 0 0 0 0
Closing balance 2010 1,203,225 1,190,379 1,985,781 4,379,385
 
Note 27.  International Trade Centre 
 
The International Trade Centre (ITC), a joint technical cooperation agency for business 
aspects of trade development, was established in 19 67.  The ITC is jointly operated by the WTO and 
the United Nations Conference on Trade Development (UNCTAD), and its mission is to contribute to 
sustainable development through technical assistance  in export promotion and international business 
development.  The Executive Director of ITC, w ho is jointly selected by the WTO Director-General 
and the UNCTAD Secretary-General, reports to the executive heads of the two Organizations and is 
accountable to them.  The ITC governance is based on a Joint Advisory Group (JAG) comprised of 
representatives of UNCTAD Member States and representatives of WTO Members.  The JAG is responsible for advising on the work programme a nd activities of the Centre and reports to the 
UNCTAD and WTO governing bodies.  The ITC Regul ar Programme budget is jointly and equally 
funded by the WTO and the UNCTAD.  The annual contribution to the ITC budget is part of the WTO budget.  The WTO does not recognise in its fina ncial statements its share of ITC's assets, 
liabilities, revenue and expenses.  ITC's audited biannu al financial statements can be obtained directly 
from the ITC.   WT/BFA/W/236 
Page 54  
 
  E. S
CHEDULES  
Schedule A: 2010 Early Payment Encouragement Scheme  
Interest to be distributed to Members in 2012 
 
Members Interest earned Members Interest earned 
Albania  46 Lithuania  58 
Angola  156 Macao, China  124 
Antigua and Barbuda  18 Malaysia  1,810 
Argentina  529 Maldives  25 
Armenia  12 Malta  93 
Australia  2,513 Mauritius  70 
Austria  2,217 Mexico  3,527 
Bahrain  191 Moldova  34 
Bangladesh  101 Mongolia  21 
Barbados  4 Morocco  270 
Belgium  5,184 Mozambique  33 
Belize  22 Myanmar  25 
Botswana  24 Namibia  43 
Brazil  1,590 Nepal  18 
Brunei Darussalam  71 Netherlands  6,588 
Bulgaria  338 New Zealand  541 
Cambodia  13 Nigeria  63 
Canada  7,319 Norway  1,796 
Cape Verde  17 Oman  149 
Chile  160 Pakistan  376 
China  3,779 Panama  130 
Colombia  407 Papua New Guinea  14 
Costa Rica  195 Paraguay  14 
Croatia  359 Philippines  774 
Cuba  86 Poland  2,254 
Cyprus  141 Portugal  704 
Czech Republic  1,626 Qatar  5 
Denmark  2,192 Romania  584 
Ecuador  191 Rwanda  31 
Egypt  471 Senegal  32 
El Salvador  4 Singapore  5,062 
Estonia  214 Slovak Republic  653 
Fiji  29 Slovenia  412 
Finland  1,342 Solomon Islands  28 
France  9,914 South Africa  1,225 
Georgia  51 Spain  3,643 
Germany  19,374 Sri Lanka  28 
Greece  812 St. Vincent and the Grenadines 14 
Guatemala  107 Suriname  25 
Guyana  23 Swaziland  15 
Haiti  14 Sweden  2,974 
Hong Kong, China  6,160 Switzerland  3,127 
Iceland  107 Chinese Taipei  3,815 
India  1,029 Tanzania  50 
Indonesia  92 Thailand  2,375 
Ireland  2,861 Tonga  19 
Israel  1,014 Trinidad and Tobago  122 
Italy  6,872 Tunisia  132 
Jamaica  12 Turkey  1,399 
Japan  6,574 Ukraine  372 
Jordan  153 United Arab Emirates  934 
Kenya  53 United Kingdom  10,441 
Kingdom of Saudi Arabia  1,441 United States of America  922 
Korea  5,062 Uruguay  39 
Kuwait  451 Viet Nam  58 
Kyrgyz Republic  35 Zambia  20 
Latvia  170 Zimbabwe  27 
Lesotho  16 Total 152,151 
Liechtenstein  56 
 
  WT/BFA/W/236 
 Page 55 
 
 
   
Schedule B:  Statement of Outstanding C ontributions as 31 December 2010 – Members 
 
Members 
(Swiss Francs) 
Contributions years  Category 1969-2008 2009  2010  TOTAL Advance 
Albania  - - -  -  - 
Angola  - - -  -  - 
Antigua and Barbuda  - - -  -  - 
Argentina  - - -  -  - 
Armenia  - - -  -  - 
Australia  - - -  -  - 
Austria  - - -  -  - 
Bahrain  - - -  -  - 
Bangladesh  - - -  -  - 
Barbados  - - 90  90  - 
Belgium  - - -  -  - 
Belize  - - -  -  - 
Benin  - 2,089 28,382  30,471  - 
Bolivarian Republic of Venezuela  - 527,428 634,435 1,161,863 -
Bolivia, Plurinational State of  - - 47,342  47,342  - 
Botswana  - - -  -  - 
Brazil  - - -  -  - 
Brunei Darussalam  - - -  -  - 
Bulgaria  - - -  -  - 
Burkina Faso  - 3,905 28,403  32,308  - 
Burundi IV 1,104,778 27,555 28,410  1,160,743  - 
Cambodia  - - 5,862  5,862  - 
Cameroon  - 44,652 64,193   108,845  - 
Canada/  - - -  -  - 
Cape Verde  - - 881   881  - 
Central African Republic  1,041,748 27,555 28,410  1,097,713  - 
Chad IV 1,312,980 27,555 41,668  1,382,203  - 
Chile  - - -  -  - 
China  - - -  -  - 
Colombia  - - -  -  30,120 
Congo  402,253 44,088 62,502   508,843  - 
Costa Rica  - - -  -  248,613 
Côte d'Ivoire  601,044 113,894 113,640   828,578  - 
Croatia  - - -  -  - 
Cuba  - - -  -  - 
Cyprus  - - -  -  - 
Czech Republic  - - -  -  - 
Democratic Republic of the Congo IV 701,889 27,555 28,410   757,854  - 
Denmark  - - -  -  - 
Djibouti IV 347,585 27,555 28,410   403,550  - 
Dominica IV 118,476 27,555 28,410   174,441  - 
Dominican Republic  596,035 102,470 165,774   864,279  - 
Ecuador  - - -  -   2,981 
Egypt  - - -  -  - 
El Salvador  - - 92,206  92,206  - 
Estonia  - - -  -  188,236 
European Union  - - -  -  - 
Fiji  - - 21  21  - 
Finland  - - -  -  - 
Former Yugoslav Republic of 
      Macedonia  - - 48,856  48,856  - 
France  - - -  -  - 
Gabon  352,246 11,152 43,562   406,960  - 
Gambia  636,898 27,555 28,410   692,863  - 
Georgia  - - -  -  - WT/BFA/W/236 
Page 56  
 
  Members 
(Swiss Francs) 
Contributions years  Category 1969-2008 2009  2010  TOTAL Advance 
Germany  - - -  -  - 
Ghana  - - 83,295  83,295  - 
Greece  - - -  -  - 
Grenada  - 26,085 28,410  54,495  - 
Guatemala  - - 21,547  21,547  - 
Guinea IV 395,305 27,555 28,410   451,270  - 
Guinea-Bissau IV 410,409 27,555 28,410   466,374  - 
Guyana  - - 393   393  - 
Haiti/Haïti  - - -  -  - 
Honduras  - 19,648 98,488   118,136  - 
Hong Kong, China  - - -  -  - 
Hungary  - - 1,187,212  1,187,212  - 
Iceland  - - -  -  - 
India  - - 370,109   370,109  - 
Indonesia  - - -  -  - 
Ireland  - - -  -  - 
Israel  - - -  -  - 
Italy  - - -  -  - 
Jamaica  - - 39,195  39,195  - 
Japan  - - -  -  - 
Jordan  - - -  -  - 
Kenya  - - 1,751  1,751  - 
Kingdom of Saudi Arabia  - - -  -  - 
Korea, Republic of   - - -  -  - 
Kuwait  - - 62,837  62,837  - 
Kyrgyz Republic  - - - - 48,049
Latvia  - - - - -
Lesotho  - - - - -
Liechtenstein  - - - - -
Lithuania  - - - - -
Luxembourg  - - 774,608 774,608 -
Macao, China  - - - - -
Madagascar  - - 28,259 28,259 -
Malawi  - - 28,410 28,410 -
Malaysia/  - - - - -
Maldives  - - - - 582
Mali  - 1,707 28,410 30,117 -
Malta  - - - - -
Mauritania IV 1,128,130 27,555 28,410 1,184,095 -
Mauritius  - - - - -
Mexico  - - - - -
Moldova  - - - - -
Mongolia  - - - - 174
Morocco  - - - - -
Mozambique  - - - - -
Myanmar  - - 6,903 6,903 -
Namibia  - - - - -
Nepal  - - - - -
Netherlands  - - - - -
New-Zealand  - - - - -
Nicaragua  - 24,855 41,668 66,523 -
Niger  805,339 27,555 28,410 861,304 -
Nigeria  - - 36,022 36,022 -
Norway  - - - - 13,085
Oman  - - - - 1
Pakistan  - - - - -
Panama  - - - - 33,289
Papua-New-Guinea  - - - - - WT/BFA/W/236 
 Page 57 
 
 
  Members 
(Swiss Francs) 
Contributions years  Category 1969-2008 2009  2010  TOTAL Advance 
Paraguay  - - 7,031 7,031 -
Peru  - 212,002 278,418 490,420 -
Philippines  - - - - -
Poland  - - - - -
Portugal  - - - - -
Qatar  - - - - -
Romania  - - - - -
Rwanda  - - - - -
Saint Kitts and Nevis I - 27,373 28,251 55,624 -
Saint Lucia  - - 28,317 28,317 -
Saint Vincent and the Grenadines  - - - - -
Senegal  - - - - 22,943
Sierra Leone IV 1, 209,294 27,555 28,410 1,265,259 -
Singapore  - - - - -
Slovak Republic  - - - - -
Slovenia  - - - - -
Solomon Islands  - - 6,124 6,124 -
South Africa  - - - - 21,858
Spain  - - - - -
Sri Lanka  - - - - -
Suriname  - - - - 115
Swaziland  - - - - -
Sweden  - - - - -
Switzerland  - - - - -
Chinese Taipei  - - - - -
Tanzania  - - - - 34
Thailand  - - - - -
Togo  290,668 27,555 28,410 346,633 -
Tonga  - - - - -
Trinidad and Tobago  - - - - -
Tunisia  - - - - -
Turkey  - - - - -
Uganda I - 29,392 32,169 61,561 -
Ukraine  - - - - -
United Arab Emirates  - - - - -
United Kingdom  - - - - -
United States of America  - - 4,907,097 4,907,097 -
Uruguay  - - - - -
Viet Nam  - - - - -
Zambia  - - 19,070 19,070 -
Zimbabwe  - - - - -
Yugoslavia  830,439 - - 830,439 -
Grand total 11 12,285,516  1,548,955 9,862,731 23,697,202 610,080
 
  WT/BFA/W/236 
Page 58  
 
  Schedule C: Statement of Ou tstanding Contributions as 31 December 2010 - Observers 
 
Observers 
Swiss Francs 
Contributions years  1997-2008 2009 2010 TOTAL Advance 
Avance 
Adelantado 
Afghanistan -  -  - -  - 
Algeria -  -  - -  - 
Andorra -  -  - -  - 
Azerbaijan/ -  -  - -  - 
Bahamas -  -  - -  - 
Belarus -  -  - -  - 
Bhutan -  - 27 27  - 
Bosnia and Herzegovina -  -  - -  - 
Comoros -  -  - -  22,820 
Equatorial Guinea 53,760 28,155 28,830  110,745  - 
Ethiopia -  -  - -  - 
Holy See -  -  - -  - 
Iran -  -  - -  - 
Iraq -  -  - -  - 
Kazakhstan -  -  - -  - 
Lao People's Democratic Republic -  -  - -  - 
Lebanon -  - 28,830 28,830  - 
Liberia 27,723 28,155 28,830 84,708  - 
Libyan Arab Jamahiriya - 12,897 28,830 41,727  - 
Montenegro -  -  - -  - 
Russian Federation -  -  - -  - 
Samoa -  -  - -  - 
Sao Tome And Principe 191,254 28,155 28,830  248,239  - 
Serbia (Republic of) -  -  - -  - 
Seychelles -  -  - -  - 
Sudan 251,796 28,155 28,830  308,781  - 
Syrian Arab Republic -  -  - -   1,536 
Tajikistan -  -  - -  - 
Uzbekistan -  - 28,829 28,829  - 
Vanuatu 247,147 28,155 28,830  304,132  - 
Yemen -  -  - -  - 
Grand Total   771,680 153,672 230,666  1,156,018  24,356 
  WT/BFA/W/236 
 Page 59 
 
 
  Schedule D:  Trust Fund Statements 
 
Statement of Financial Position – Trust Fund 
  
AS AT DECEMBER 31, 2010 (CHF) 
 
2010 2009 
ASSETS 
Current assets 
Cash and Cash equivalents 23,982,677 27,734,341 
Receivables from staff 75,340 5,167 
Advances to Implementing Partners 1,501,730 149,010 Other receivables 6,244 3,716 
Prepayments 75,357 155,222 
 
Total assets 25,641,347 28,047,456 
 LIABILITIES 
Current Liabilities 
Provision for obligation outstanding at year end 6,198,019 3,096,058 
Trust fund balance due to donors 19,443,328 24,951,397 
 
Total liabilities 25,641,347 28,047,456 
 
 WT/BFA/W/236 
Page 60  
 
   
Statement of Financial Performance - Trust Fund 
 
 
AS AT DECEMBER 31, 2010 (CHF) 
 
2010 2009 
REVENUE 
Operating revenue 
Voluntary contributions on trust fund 29,426,701 26,816,202 
Interest on investment 63,163 93,199 Other revenue 2 0 
 
Total Revenue 29,489,866 26,909,401 
 EXPENSES 
Staff costs - Work years  6,280,007 6,600,228 
Staff costs - Temporary assistance 1,538,732 1,916,469 
Staff training costs 3,286 0 Insurance for staff 55,179 46,768 
Consultants 540,825 512,944 
Internships 1,762,747 1,093,835 Telecommunications and postal charges 329,373 377,107 
Rental of premises, maintenance and security 121,149 107,074 
Supplies - Office, Computing, Reproduction 339,270 270,415 Training activities - Conference rooms 269,661 248,931 
Training activities - Air fares 5,530,980 6,376,765 
Training activities - Subsistence allowances 3,321,929 3,807,257 Training activities - Hotels 2,615,215 2,561,437 
Training activities - Miscellaneous 486,804 603,238 
Sponsoring - Implementing partners 5,449,211 1,848,791 Overheads shared with partners 749,127 431,993 
Other expenses 88,081 70,309 
Profit/Loss on exchange 8,292 35,841 
 
Total Expenses 29,489,866 26,909,401 
  WT/BFA/W/236 
 Page 61 
 
 
   
The result of the financial performance on Tr ust fund is brought to zero as revenue is 
recognised up to the amount of expenses recognised dur ing the year.  All unspent balances are due to 
donors.  
The amount of total expenses less profit and lo ss on exchange (CHF 29,481,574) is different 
from the amount reported in the WTO statement of financial performance under the line "Trust fund 
expenditure" for CHF 29,156,122. Th is difference is the result of the consolidation process between 
the Trust fund, the WTO Secretariat and the Appe llate Body and its Secretariat. The following 
reciprocal transactions are eliminated:  
 
 The compensation for the use of the Organiza tion's resources for activities financed from 
Trust fund, representing 10 per cent of the e xpenses in the Programme Support Fund and 
recorded as revenue for the regular budget (235, 453 CHF) 
 The renting of the office space by the Secretaria t of the Enhanced Integrated Framework to 
the regular budget (90 000CHF) 
  
  WT/BFA/W/236 
Page 62 Schedule E: Voluntary Contri butions Received in 2009 and 2010 per donor  and by fund 
 
Funds TDDA TIFES TIMM TMI 07 TTFHR TNL05 TTFNA TTFNG TWB TOTAL 
Donors 2010 2009 2010 2009 2010 2009 2010 2009 2009 2010 2009 2010 2009 2010 2009 2010 2009 
Australia 1,952,400 1,525,650                         653,850 1,952,400 2,179,500 
Austria 285,640 302,480                           285,640 302,480 
Canada   456,121                         182,448 0 638,570 
China 200,300 211,000                         200,300 211,000 
Denmark 180,019 616,746                       360,038 616,746 540,057 1,233,492 
Estonia 28,932                           28,932 0 
European Union 1,574,550 1,518,550         5,381 107,516     303,800 241,280 19,747 250,229 375,900 2,071,440 2,325,513 
Finland 1,364,000 1,534,000           75,450           545,600 613,600 1,909,600 2,223,050 
France 655,500 2,250,500     655,500 754,500                   1,311,000 3,005,000 
Germany 1,438,500 1,509,500                       196,650 227,700 1,635,150 1,737,200 
Ireland 409,200 1,357,200     272,800 301,600               163,000 301,600 845,000 1,960,400 
Japan 395,604 474,637                       291,471 303,143 687,075 777,780 
Korea (Republic 
of) 344,400 357,000                           344,400 357,000 
Liechtenstein 40,000 40,000                           40,000 40,000 
Luxembourg   754,000                           0 754,000 
Netherlands 1,472,990 1,472,990               818,330       981,997 500,000 3,273,317 1,972,990 
New Zealand 158,000                             158,000 0 
Norway 1,784,440 1,710,278           362,450     257,732 330,743 266,477 168,663   2,283,845 2,596,937 
Spain 467,950 533,750                           467,950 533,750 
Sweden 2,353,920 2,026,384           294,762       143,909   1,011,318 1,007,839 3,509,147 3,328,985 
Switzerland               40,000             700,000 0 740,000 
Chinese Taipei               21,100           78,720   78,720 21,100 
United Kingdom                 48,573   81,900         0 130,473 
United States 1,002,654 1,026,109                       256,500 364,350 1,259,154 1,390,459 
UNOPS     2,790,508 2,159,995                       2,790,508 2,159,995 
Total 16,108,998 19,676,895 2,790,508 2,159,995 928,300 1,056,100 5,381 901,278 48,573 818,330 643,432 715,932 286,224 4,304,18 5 5,847,176 25,671,634 30,619,674 
TDDA Doha Development Agenda Global Trust fund TNL05 Netherlands Trainees 
TIFES Enhanced Integrated Framework - Executive Secretar iat TTFNA Trade Facilitation - National Needs Assessments 
TIMM Mission Internship Programme TTNFG Trade Facilitation - Negotiating Group 
TMI07 7th Ministerial Conference - LDCs TWB STDF Standards and Trade Development Facility 
TTFHR  Trade Facilitation- Human Resources    
   WT/BFA/W/236
 Page 63Schedule F: Balance due to Donors as 31 December 2009 and 2010 
 
F unds
Donors2011
Adv2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 20092010 and 
adv 20112009
Me mbe rs:
Australia 991,769 816,129 4,867 4,824 160,680 426,151 1,157,317 1,247,104
Austria 172,770 196,536 12,957 12,842 185,726 209,378
Canada 101,094 282,073 53,254 52,782 80,251 212,839 234,598 547,694
China 113,894 117,765 113,894 117,765
Denmark 185,430 337,565 85,558 150,586 85,290 84,534 90,841 128,389 480,983 916,214 928,102 1,617,288
Estonia 26,209 28,932 26,209 28,932
European Union 1,509,000 241,280 0 1,750,280
Finland 797,945 863,592 44,557 44,162 374,727 448,956 1,217,229 1,356,710
France 565,429 923,036 685,023 551,185 1,250,452 1,474,221
G ermany 871,867 994,866 188,407 303,443 1,060,275 1,298,310
Iceland 8307.38 8234 8,307 8,234
Ireland 453,533 856,615 465,835 547,370 28,779 28,524 50,811 71,814 192,437 347,618 1,191,395 1,851,941
Italy 27,665 73,371 27,665 73,371
Japan 256,387 38,102 184,273 197,550 440,660 235,652
Korea (Republic of) 205,042 320,176 205,042 320,176
Liechtenstein 228,145 0 228,145
Luxembourg 166,999 465,964 3,143 3,115 170,142 469,079
Netherlands 860,412 928,356 486,382 649,656 741,633 1,510,068 2,156,371
New Zealand 56,592 56,592 0
Norw ay 1,052,810 1,153,307 214,139 212,241 164,002 231,790 280,498 126,080 96,377 87,143 1,807,825 1,810,561
Romania 21,051 02 1 , 0 5 1
S pain 26,771 55,447 24,978 24,910 51,748 80,357
S w eden 1,363,134 1,450,899 343,417 340,373 74,082 104,704 88,366 780,471 1,059,562 2,649,471 2,955,538
S w itzerland 46,027 128,426 29,331 29,071 41,092 58,077 194,723 516,438 311,174 732,013
Taipei (C hines e) 26,066 25,835 12,922 18,263 29,624 68,612 44,098
United Kingdom 41,685 62,411 61,857 2,511 30,110 55,931 79,049 163,326 265,757 187,582 497,499 471,759 975,957
United S tates 591,658 649,262 215,536 315,540 807,194 964,802
Organizations: 0
UNDP 129,092 0 129,092
UNOPS 1,533,969 979,624 1,533,969 979,624
World Bank Inst it ut e20,947020,947
Others: 0
Bureau Veritas 
International Ltd.17,682 17,677 17,682 17,677
Cotecna 
International Ltd.17,588 17,583 17,588
17,583
Inchcape Testing 
S ervices Int'l Ld t.17,682 17,677 17,682 17,677
Inspectorate Griffith 
Ltd.17,683 17,678 17,683
17,678
Société Générale de Surveillance S.A.17,522 17,517
17,522 17,517
WTO Members 129,527 1,219,070 1,158,577 521,149 1,869,746 1,158,577
Total 26,209 8,879,564 12,406,929 1,533,969 979,624 129,527 129,092 1,236,416 1,249,141 88,156 88,131 1,219,070 1,158,577 916,519 908,395 521,1 49 486,382 2,511 30,110 514,658 716,995 532,190 633,117 3,843,391 6,164,905 19,443,328 24,951,397TD D A TIFES TIF TIMM IE EP S F To t a l TMI 0 7 TNL TTFH R TTFNA TTFNG TW B
 
TDDA Doha Development Agenda Global Trust f und TMI07 7th Ministerial Conference - LDCs 
TIFES Enhanced Integrated Framework - Ex ecutive Secretariat TNL Trainee Programme 
TIF  Integrated Framework - Outreach Activ ities TTFHR Trade Facilitation - Human Resources 
TIMM Mission Internship Programme TTNA Trad e Facilitation - National Needs Assessments 
IE Pre Shipment Inspection - Deposit Account  TTFNG Trade Facilitation - Negotiating Group 
EPSF Programme Support Fund TWB STDF St andards and Trade Development Facility  
  WT/BFA/W/236 
Page 64 
Schedule G: Interest Earned in 2009 and 2010 
 
Funds TDDA TIFES TIF  TIMM TMI 07  TNL TTFHR TTFNA TTFNG TWB Total 
Donors 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 
Australia 2,581 3,149             16 15                 922 1,284 3,520 5,387 
Austria 562 773             43 40                     605 856 
Canada 393 1,411             178 164                 461 1,027 1,032 3,241 
China 168 342                                     168 342 
Czech Republic   117                                     0 117 
Denmark 526 1,123         247 678 285 263         349 907     2,156 3,751 3,564 9,760 
Estonia 40                                       40   
European Union 2,111 1,888             11 44           1,970 448 24 230 1,128 2,800 5,743 
Finland 1,951 2,855             149 31                 1,435 1,132 3,534 5,601 
France 1,335 3,745         962 239                         2,296 4,946 
Germany 2,725 4,272                                 675 1,101 3,401 6,048 
Hong Kong, 
China   89                                     0 89 
Iceland                 28 26                     28 54 
Ireland 1,404 2,081         1,064 1,552 96 89         195 507     862 898 3,621 7,344 
Italy 53 223                                 159 405 212 787 
Japan 592 1,261                                 760 556 1,351 2,577 
Korea (Republic 
of) 366 631                                     366 631 
Latvia   53                                     0 53 
Liechtenstein 46 80                                     46 80 
Luxembourg 650 1,079             11 10                     660 1,100 
Netherlands 2,738 3,900                 1,610 2,963             3,096 3,296 7,445 14,865 
New Zealand 125 76                                     125 76 
Norway 3,918 5,553             715 305         631 1,330 443 35 355 481 6,062 9,848 
Romania 29 123                                     29 123 
Slovak Republic   56                                     0 56 
Spain 407 633                         68 569         475 1,270 
Sweden 3,925 7,595             1,147 670         285 740 145   3,541 2,407 9,043 16,530 
Switzerland 179 752             98 45         158 410     1,118 461 1,553 3,042 
Chinese Taipei                  87 65         50 129     18   155 349 
Turkey   47                                     0 47 
UNDP         435 705                             435 1,140 
United Kingdom 58 244             209 192     33 222 215 511 495 1,229 1,077 2,745 2,087 7,172 
United States 1,242 2,028                                 834 1,030 2,076 3,892 
UNOPS       6,389 8,522                                 6,389 14,911 
World Bank 
Institute   
                                  45 116 45 161 
Total 28,124 46,179 6,389 8,522 435 705 2,273 2,469 3,073 1,959 1,610 2,963 33 222 1,952 7,073 1,531 1,288 17,742 21,818 63,163  93,199 
TDDA Doha Development Agenda Global Trust f und  TTFHR Trade Facilitation - Human Resources 
TIFES Enhanced Integrated Framework - Executive Secretariat  TTFNA Trade Facilitation - National Needs Assessments 
TIF Integrated Framework - Outreach Activ ities  TTFNG Trade Facilitation - Negotiating Group 
TIMM Mission Internship Programme  TWB STDF  Standards and Trade Development Facility 
TMI07 7th Ministerial Conference - LDCs  WT/BFA/W/236 
 Page 65 
 
 
   
Program Support Fund situation 
 
 2010 2009 
Opening Balance 1,158,577 1,173,766 
Income   3,399,602 3,094,028 
Total income 4,558,179 4,267,794 
Retrocession to other 
organizations 749,127 431,993 
Salary costs  2,294,182 2,323,268 
Payment of various overheads 36,800 110,572 
Share of certain secretariat cost 258,998 243,384 
Total costs   3,339,107 3,109,218 
Closing balance 1,219,071 1,158,577 
 
Schedule H: Program Support Fund 
 
Fund Actual expenditure Overheads  
CHF 
13% of actual expenses Total Actual expenditure 
    2010 2009 2010 2009 2010 2009 
Doha Development Agenda Global Trust fund   16,041,202 16,279,214 2,085,356 2,116,298  18,126,558  18,395,512 
Preservation and Enhanced Dissemination 
of GATT and WTO Documents -Funds   113,163   14,711  0  127,874 
SPS Related Activities     74,987   9,748  0  84,735 
Integrated Framework - Outreach Activities     7,882   1,025  0  8,906 
Integrated Framework      (4,171)   (542) 0  (4,713) 
Enhanced Integrated Framework - Executive 
Secretariat   1,984,560 1,052,117 257,993 136,775  2,242,553  1,188,893 
Mission Internship Programme   834,777 408,238 108,521 53,071  943,298  461,309 
7th Ministerial Conference - LDCs   292 665,276 38 86,486  330  751,762 
Netherlands Trainee Programme   694,844 565,921 90,330 73,570  785,174  639,491 
Trade Facilitation - Human Resources   24,453 90,546 3,179 11,771  27,632  102,317 
Trade Facilitation - National Needs Assessments   180,787 878,180 23,502 114,163  204,289  992,344 
Trade Facilitation - LDCs   510,717 403,730 66,393 52,485  577,110  456,215 
Standards and Trade Development Facility   5,879,151 3,265,130 764,290 424,467  6,643,441  3,689,597 
Other extra budgetary funds :IE - Preshipment 
inspection (25) (30)     (25) (30) 
Other extra budgetary funds: Program support fund 2,589,981 2,677,224     2,589,981  2,677,224 
Total  28,740,739 26,477,408 3,399,602 3,094,028  32,140,341  29,571,436 
 WT/BFA/W/236 
Page 66  
 
   
Overheads shared with other organizations Retrocession amount 
    2010 2009 
STDF - ITC   36,718  33,009  
STDF - FAO   95,881  67,403  
STDF - World Bank 118,242  37,914  
STDF - ICCO 73,067  0  
STDF - IICA   44,223  2,071  
STDF - OIRSA 41,865  0  
STDF - UNCTA (18,625) 0  
STDF - UNDP 20,206  0  
ICTSD   2,309  0  
FLACSO Argentina 10,132  0  
DDAGTF - Pacific Isla nd Forum Secretariat 6,690  8,726  
DDAGTF - ESCAP 3,556  19,939  
DDAGTF - University of Singapore 95,736  80,791  
DDAGTF - University of Benin 68,420  68,719  
DDAGTF - University of Colombia 74,430  59,104  
DDAGTF - Univers ity of Swaziland 72,249  54,502  
DDAGTF -UNECA 4,030  (185) 
Total Retrocession 749,127 431,993 
Total Expenses 29,489,866 26,909,401 
Net Income - Programme Support Fund (Overhead 
charges - Retrocession) 2,650,475  2,662,035 
 
 
__________