Its centennial year of 2004 yielded surplus income of CHF158million and an increase in equity, which now stands at CHF238million.
The second quarter of the four-year period up to and including 2006 brought income of CHF740million and expenses of CHF582million, resulting in a profit of CHF158 million. This represented an increase of CHF17million (12 per cent) compared to 2003's result (CHF141million).
At the end of 2004, FIFA had liquid assets amounting to CHF439 million. It says this has enabled it to decide, two years before the final competition of the 2006 FIFA World Cup in Germany, to increase the total prize money for the 32 finalist teams by 38 per pent to CHF332million.
FIFA president Sepp Blatter said: “We have taken another significant stride towards our goal of having equity of between CHF350 and 450 million by the end of 2006. That equity, together with the results we have already posted from marketing, will further strengthen FIFA's solid financial foundations.”
Ninety-five per cent of the total revenue of CHF740million in 2004 related to income from FIFA’s competitions and the 2006 FIFA World Cup in particular. It also spent CHF254million on competitions and a further CHF141million on development projects. FIFA says this means 68 per cent of its income in 2004 has been reinvested in the game.
