IFLA Financial Report and Accounts (2020) Financial Report and Accounts (2020) The financial result of the year 2020 shows a surplus of €293,495, compared to a surplus of €27,041 for 2019. [...] On a financial level, the impact of COVID-19 lead to the following major deviations in comparison with financial year 2019: 1) The cancellation of IFLA’s World Library Information Congress in Dublin lead to a loss of approx. [...] Furthermore, IFLA was not able to charge the yearly management fees of € 212,000 to the conference to cover for IFLA staff performing work for the conference. [...] 60% lower, mainly due to 100% decrease of conference income because of the cancellation of the WLIC in Dublin in 2020 (WLIC 2019 approx € 1,500,000 income for the conference). [...] The Dutch Government recognized the need for financial aid which is based on the decrease % of group income and the amount of internal staff expenses and this has lead to a financial aid to cover for staff expenses of approx.
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