FIFA closed the 2003-2006 financial period with a best-ever overall result of CHF 816 million. FIFA's equity of CHF 752 million on 31 December 2006
represented the highest figure in the governing body's 103-year history.

FIFA works with a four-year financial period, beginning on 1 January of the year following each FIFA World Cup ™.

Article 67 of the FIFA Statutes states that:

• FIFA's revenue and expenditure shall be managed in such a way that they balance over the financial period;

• FIFA's major duties in the future shall be guaranteed through the creation of reserves.

FIFA more than met these statutory requirements in the 2003-2006 financial period. From a financial point of view, the entire period, and the year 2006 in particular, was a resounding success.

Today, FIFA has solid financial foundations. The creation of sufficient
reserves for the future is of major strategic importance to FIFA, particularly given its financial dependency on the FIFA World Cup ™ and the fact that
today it is virtually impossible to find cancellation insurance to cover an event of such magnitude.