Annual Report 2024 2025

Significant accounting policies Basis of preparation The presentation of the consolidated financial statements of the World Economic Forum (hereafter “the Forum”, “the Foundation”, “the organization”) is based on the global model of recommendations made by Swiss GAAP FER (Swiss Generally Accepted Accounting Principles – in compliance with the conceptual framework, core FER and other Swiss GAAP FER). The presentation provides a true and fair view of the organization’s assets, financial position and results. The financial statements were prepared on a going concern basis. The consolidated financial statements are presented according to the principles of historical cost and presented in Swiss francs (CHF). The consolidated financial statements also comply with article 83a of the Swiss Civil Code and the Foundation’s statutes. The presentation and evaluation principles are the same as in previous fiscal years. There have been no significant changes in the hypotheses or estimates used in the annual consolidated financial statements. The main accounting rules used in the preparation of the Forum’s consolidated financial statements are described below. Consolidation of Swiss Foundations After reviewing the existing contractual relationships between the Forum and the Swiss Foundations, the organization concluded it has control over the Swiss Foundations. As a result, the Swiss Foundations have been part of the scope of consolidation since 2020. Method of consolidation The consolidated financial statements include the accounts of the Forum and of the entities that are controlled by the Forum as listed in the scope of consolidation. Control exists when the Forum is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its powers over the entity. Name of the entity Activity Country2025 Voting rights2024 Voting rights World Economic Forum LLCNot-for-profit organizationUnited States of America100 100 World Economic Forum JapanNot-for-profit organizationJapan 100 100 Schwab Foundation for Social EntrepreneurshipNot-for-profit organizationSwitzerland 0 0 Young Global Leaders FoundationNot-for-profit organizationSwitzerland 0 0 Global Shapers Community FoundationNot-for-profit organizationSwitzerland 0 0 World Arts Forum FoundationNot-for-profit organizationSwitzerland 0 0Entities included in the scope of consolidation The Forum fully consolidates entities in which it exercises exclusive control, either directly or indirectly. The assets and liabilities of its controlled entities, together with the expenses and income, are included in full in the annual consolidated accounts. Any minority interests in the net funds and the results appear separately in the consolidated balance sheet and the consolidated profit and loss. Under the unity principle, the minority interests are included in the funds.Inter-company balances, expenses and income are eliminated upon consolidation. The consolidated financial statements have been prepared for the first time for the 2017 year-end. The World Economic Forum LLC has been consolidated for the period in which the Forum exercises its control, thus since 1 January 2017. The World Economic Forum Japan was registered and affiliated in 2019 by the Forum and thus was consolidated for the first time for the 2019 year-end. Annual Report 2024-2025 Financial Statements68