Athens 2004 numbers OK’d

A balance sheet covering the period 1998-2002 for Athens 2004, the coordinators of next year’s Olympic Games, was endorsed by the committee’s board at a meeting held yesterday. Reserves at the end of 2002, according to figures that emerged from the Athens 2004 balance sheet, amounted to 150 million euros, up by 50 million euros a year earlier. Athens 2004 officials said that revenues in 2002 exceeded 500 million euros, of which 173 million had been received. The 500 million includes the State’s annual installment of approximately 70 million euros. The revenue figure, officials noted, would be bolstered by various other funds as well. Expenses from the organizer’s establishment until the end of 2002 amounted to 321 million euros, the balance sheet showed. Athens 2004 chief Gianna Angelopoulos-Daskalaki, who presided yesterday’s meeting, emphasized the need to steer Olympic preparations clear of the country’s political arena as national elections draw nearer, reports said.

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