Financial Performance
For managing its finance in the reported period, the Eurasian Patent Organization relied on the Eurasian Patent Convention, the Financial Regulations under the Eurasian Patent Convention and the effective law of the country of origin of EAPO's headquarters.
Amid the decline in Eurasian applications filings made in the reported period as compared to 2016, the revenue passed the budgeted mark to demonstrate 8.7 per cent growth. The drivers included the growing figures at Eurasian applications examination stages and an updated version of the Statute on Fees of the Eurasian Patent Organization newly implemented for generating higher procedural fees.
Table 1 shows EAPO revenue structure by type over five years.
| Revenue by type (in millions of roubles) | Year | ||||
|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | |
| Formal examination fees | 160 | 168 | 181 | 175 | 202 |
| Substantive examination fees | 149 | 152 | 162 | 148 | 185 |
| Fees for Eurasian patent grants and publications | 33 | 36 | 41 | 51 | 58 |
| Eurasian Patent Office share of fees for maintaining Eurasian patents in force | 73 | 81 | 123 | 128 | 165 |
| Earnings from other fees | 50 | 67 | 79 | 102 | 136 |
| Other earnings | 12 | 60 | 39 | 6 | 15 |
| Total revenue | 477 | 564 | 625 | 610 | 761 |
Earnings from fees for maintaining the Eurasian patents in force in the territory of the Eurasian Patent Convention Member States and the Republic of Moldova saw healthy growth in 2017. The landmark was a 9.7 per cent increase over 2016 in terms of maintenance fees paid and accounted for with regard to total patents in the reported period as against the preceding year.
Table 2 shows growth details of scaling fees paid for maintaining the Eurasian patents in force over five years.
| Years | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|
| Fees for maintaining Eurasian patents in force (in millions of roubles) | 365 | 407 | 615 | 638 | 672 |
Diagram 1 shows the ratio of each Eurasian Patent Convention Member State and the Republic of Moldova as fees for the maintenance of the Eurasian patents in force in the aggregated earnings for 2017.
The ratio of each Eurasian Patent Convention Member State and the Republic of Moldova as fees for the maintenance of the Eurasian patents in force in the aggregated earnings for 2017.
Following the Procedure for Building and Disbursing the Eurasian Patent Organization Reserve Funds, EAPO made budgeted statutory deductions at year-end.
By meeting the revenue target in the reported year, the Organization was able to fully finance expenditure as budgeted, while supporting sustainable operations.