International Standards and Conformity Assessment for all electrical, electronic and related technologies
Annual Report 2010

2010

Performance Report

 

Financial Performance

The IEC is financed by a combination of membership dues and revenues from the sales of its publications.

 

Total membership dues amounted to CHF 10,86 million while revenues from sales (both direct sales and royalties) came to CHF 8,89 million, which along with other revenues resulted in a total net income of CHF 22,39 million.  

 

With total expenses for the year at CHF 20,93 million, of which personnel costs represented CHF 14 million, the IEC produced a net surplus for 2010 of CHF 1,45 million

Key indicators
for the IEC (including Conformity Assessment) consolidated profit and loss account
for the year ended 31 December 2010

Key indicators

2010
% of total income 2010
2009
% of total income 2009

Dues

10 859 469

48,50%

10 853 101

47,56%

- Group A* dues

4 250 000

18,98%

4 250 000

18,62%

- Associate Members

464 000

2,07%

394 400

1,73%

Sales

8 897 655

39,74%

8 657 793

37,94%

- Net paper and electronic sales

2 761 091

12,33%

3 088 872

13,53%

- Net royalties

6 136 564

27,41%

5 568 921

24,40%

Conformity Assessment Systems operations

2 258 651

10,09%

2 194 947

9,62%

TOTAL NET INCOME

22 391 674

100%

22 821 565

100%

Personnel costs

14 088 120

67,29%

14 085 999

66,38%

TOTAL EXPENSES

20 936 823

93,50%

21 221 296

92,99%

SURPLUS FOR THE YEAR

1 454 851

6,50%

1 600 269

7,01%

 

* Group A comprises the National Committees of France, Germany, Japan, the United Kingdom and the United States of America