FINANCIAL PERFORMANCE
For managing its finance in the reported period, the Eurasian Patent Organization relied on the Eurasian Patent Convention (EAPC), the Financial Regulations under the EAPC and the effective law of the host country of Organization’s headquarters. The Eurasian Patent Organization managed its finance in accordance with the budget approved by the Administrative Council of the Eurasian Patent Organization for the 2020.
The number of Eurasian applications received in 2019 was below the level attained in the previous year. However, combined with the positive trend in other volumetric indicators affecting the financial results, it contributed to a steady revenue corresponding to the fees and tariffs related to Eurasian applications and patents received in the reporting year.
The Diagram 1 shows the EAPO revenue structure reflecting the fees and tariffs received in 2020.
EAPO Revenue Structure in 2020
In 2020, the level of revenues from the payment of fees for the maintenance of Eurasian patents on the territories of the EAPC Contracting States and the Republic of Moldova increased by 8.9 per cent.
The Diagram 2 represents the ratio of each Contracting State to the EAPC and the Republic of Moldova with regard to the fees for the maintenance of the Eurasian patents in force as a percentage of total income in the aggregated earnings for 2020.
The Ratio of Each Contracting State to the EAPC and the Republic of Moldova as Fees for the Maintenance of the Eurasian Patents in Force as a Percentage of Total Income in the Aggregated Earnings for 2020
Following the Procedure for Building and Disbursing the Eurasian Patent Organization Reserve Fund, the EAPO made budgeted statutory deductions at year-end. The Reserve Fund is intended to sustain the functionality of the Eurasian Patent Organization, should it experience an unforeseen budget deficit.
By meeting the revenue target in the reported year, the Organization was able to fully finance expenditure as budgeted, while supporting sustainable operations.