FINANCIAL PERFORMANCE
In the management of its finances during the reporting period, the EAPO relied on the Eurasian Patent Convention (EAPC), the Financial Regulations under the EAPC, and the effective laws of the country of location of the EAPO headquarters. The EAPO managed its finances in accordance with the budget approved by the Administrative Council of the Eurasian Patent Organization for 2021.
The number of Eurasian application filings in 2021 exceeded the level of the preceding year. Such applicant activity, combined with a positive trend in other volume indicators affecting financial results, contributed to the steady flow of revenue from fees and tariffs on Eurasian applications and patents in the reporting year.
Diagram 1 shows the structure of EAPO revenue from fees and tariffs in 2021.
EAPO Revenue Structure in 2021
Revenue from fees for maintaining Eurasian patents in the territories of the EAPC Contracting States and the Republic of Moldova remained high in 2021.
Diagram 2 shows the share of each EAPC Contracting State and the Republic of Moldova in the fees for the maintenance of Eurasian patents in the aggregated earnings for 2021.
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 2021
Following the Procedure for Building and Disbursing the Eurasian Patent Organization Reserve Fund, the Eurasian Oatent Office made the budgeted statutory deductions at year-end 2021. The Reserve Fund is intended to sustain the functionality of the Eurasian Patent Organization should it experience an unforeseen budget deficit.
In meeting its revenue target in the reporting year, the Organization was able to fully finance its expenditures as budgeted, while supporting sustained operations.