International Floorball Federation

INTERNATIONAL FLOORBALL FEDERATION

Financial Report 2001
Statement of income 2001

INCOME			Budget	Diff.

Transfers		21300.00	20000.00	1300.00
Participation fees		48000.00	35000.00	13000.00
Membership fees		34562.00	40000.00	-5438.00
Organizers fees		23000.00	10000.00	13000.00
Sponsors & Advertisements		26188.00	140000.00	-113812.00
Lic. revenues & royalties		205084.85	140000.00	65084.85
Fines		2000.00	0.00	2000.00
Other		1308.05	3000.00	-1691.95
Total income	CHF	361442.90	388000.00	-26557.10

COSTS			Budget	Diff.

Central activities		9549.55	9200.00	-349.55
Office		132425.13	110100.00	-22325.13
Central Board		36130.54	41600.00	5469.46
Presidents' Meeting 2001		2527.90	3000.00	472.10
External Congresses		10200.95	0.00	-10200.95
Rules & Competition Committee		11450.26	12000.00	549.74
World Championships		38333.95	38200.00	-133.95
U19 World Championships		8913.33	0.00	-8913.33
European Cup		12139.05	14500.00	2360.95
Referee Committee		15377.47	15000.00	-377.47
Education & Dev. Committee		11288.30	25300.00	14011.70
Marketing & Info. Committee		10294.90	10300.00	5.10
Material Committee*		116940.87	99000.00	-17940.87
Appeal Committee		0.00	3200.00	3200.00
Disciplinary Committee		0.00	3200.00	3200.00
Senior Adviser's Group		0.00	3400.00	3400.00
Losses on claims		0.00	0.00	0.00
Other		0.00	0.00	0.00
Total costs	CHF	415572.20	388000.00	-27572.20

Profit/loss	CHF	-54129.30	0.00	-54129.30

* The outcome of the material appr. system was:			Income	205085
			Costs	152541
			Profit	52544


Balance sheet 31.12 2001
Assets
		01.01 2001	31.12 2001
Current assets
Cash		0.00	0.00
Credit Suisse 559200-10		4036.90	1095.95
Credit Suisse 559200-11		108254.15	19299.05

Receivables
Claims 1997		1120.00	0.00
Claims 1998		1150.00	0.00
Claims 1999		2250.00	0.00
Claims 2000		3250.00	2650.00
Claims 2001		0.00	13417.20
Accr.income & deferr. expenses		71785.39	69323.44
Receivables from rel.parties		6286.00	0.00
Total assets	CHF	198132.44	105785.64

Liabilities and equity

Current liabilities
Accr. expenses & deferred income		-29431.46	-38646.70
Other current liabilities		-150.00	0.00
Transfers to reserves		-66105.65	-18822.91
Equity
Retained earnings		-102445.33	-115345.69
Profit/loss 2001		0.00	54129.30
Total liabilities & equity	CHF	-198132.44	-105785.64




AUDIT REPORT


To the general meeting of the International Floorball Fedaration


I have audited the annual accounts, the accounting records and the administration of the board
of directors of International Floorball Fedaration for the year 2001-01-01 to 2001-12-31.
These accounts and the administration of the company are the responsibility of the board of
directors. My responsibility is to express an opinion on the annual accounts and the administration
based on my audit.

I conducted my audit in accordance with generally accepted auditing standards in Sweden. Those
standards require that I plan and perform the audit to obtain reasonable assurance that the annual
accounts are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the accounts. An audit also includes assessing the
accounting principles used and their application by the board of directors, as well as evaluating the
overall presentation of information in the annual accounts. As a basis for my opinion concerning
discharge from liability, I examined significant decisions, actions taken and circumstances of the
federation in order to be able to determine the liability, if any, to the federation of any board member.
I also examined whether any board member has, in any other way, acted in contravention of the
Federation Statues, the Annual Accounts Act or the Articles of Association. I believe that my audit
provides a reasonable basis for my opinion set out below.

The annual accounts have been prepared in accordance with the Annual Accounts Act and,
thereby, give a true and fair view of the federation’s financial position and results of operations in
accordance with generally accepted accounting principles in Sweden.

I recommend to the general meeting that the income statement and balance sheets be
adopted, that the profit be dealt with in accordance with the proposal in the administration report and
that the members of the board of directors be discharged from liability for the financial year.


Stockholm March 18th 2002


Mikael Brandstam
Qualified Public Accountant