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VANOC Final Financial Report
The Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) has completed its final accounting for the Games and has achieved its planned for break-even position. The $1.884 billion operations resulted in neither surplus nor deficit as expenditures were matched by revenues generated. Similarly, the $603 million venue development program was delivered on budget.
VANOC's Final financial statements included on this page represent the results of operations from VANOC's incorporation in September, 2003 through to July 31, 2010.
Hosting the Olympic and Paralympic Winter Games is a massive operational and logistical challenge due to its size and complexity. It is also an immense financial challenge for these reasons as well as the uncertainties inherent in any project of this scale and duration. In the preparation for the 2010 Winter Games, financial challenges were heightened by the worldwide economic crisis in the fall of 2008. VANOC's financial objective over its life has been to manage its financial affairs in a prudent and responsible fashion. The introduction of the financial crisis required that VANOC, like governments, corporations and individuals all over, adjust and adapt its plans to deliver the Games within the resources that would be available. This financial report reflects that VANOC's targeted balanced budget has been achieved.
VANOC Final Financial Report (English PDF, 1.2MB)
VANOC Final Financial Report (French PDF, 1.2MB)
This report was prepared by VANOC; 2010 Legacies Now is hosting them on its website as a courtesy.