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06-19-2009, 07:19 AM
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#1 | | I WANT MY 10 YEARS BACK FROM RS.net!
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| Beijing Olympics' profit exceeds $140 million usd
http://www.chinadaily.com.cn/bizchin...nt_8302950.htm Quote:
China made an operating profit of over 1 billion yuan ($146 million) from the 2008 Summer Olympics, the National Audit Office said on Friday.
The Beijing Organizing Committee for the Games of the XXIX Olympiad (BOCOG) reported income of 20.5 billion yuan and expenses of 19.34 billion yuan for the 2008 Beijing Olympics, according to an NAO tracking audit of Games' finances and construction costs of venues.
The Beijing Paralympics broke even with income and costs each totaling 863 million yuan, said the eighth NAO report of the year.
The tracking audit started from 2005, including an audit on the draft final accounts of the BOCOG, according to NAO.
The Games' income mainly came from sales of broadcasting rights, souvenirs and tickets, assets sales, and sponsorship, while the main expenditure items involved temporary facilities, sports and communication equipment, accommodation and medical services.
BOCOG spent 831 million yuan on the opening and closing ceremonies, 332 million yuan on the Olympic torch relay, and 171 million yuan on the volunteer program.
Ticket sales brought in 1.28 billion yuan and assets sales 240 million yuan. A total of 6.46 million tickets were sold, accounting for 95 percent of the tickets available.
Total investment in the Beijing Olympic venues stood at 19.49 billion yuan, covering 102 projects in Beijing and five co-host cities, said the report.
Of that investment, 3.5 billion yuan came from the central government, 8.26 billion yuan was allocated by local governments, and 1.08 billion yuan from donations from overseas Chinese, according to the report.
No major problems were found during the audit, and no accidents or quality problems were identified in the construction of the Olympic venues, it said.
BOCOG had maintained "strict control" over spending and income, and kept "transparent, economical and efficient" accounts, said a statement on the NAO website.
However, minor problems did exist, said the report, including irregularities in project subcontracting and bidding, as well as a deficit in the construction of the National Stadium, or the Bird's Nest.
The construction of the stadium went 456 million yuan over budget due to its complicated structure, technical difficulties, and adjustments in construction standards and its functions.
The estimated budget of the Bird's Next stood at 3.14 billion yuan, it said.
"The 2008 Olympics and Paralympics were not the most expensive games ever held," the statement said, citing the expenditure of the previous Games and the budget of the 2012 event in London.
Athens had spent more than 10 billion Euros ($11.9 billion in 2004) staging the 2004 Olympic Games, and its operating costs stood at $2.4 billion.
The budget of the 2012 London Olympics and Paralympics reached 9.3 billion pounds ($15.2 billion), according to the British government annual report on preparations for the Olympics and Paralympics.
The profit would be distributed to the International Olympic Committee, the Chinese Olympic Committee and BOCOG, which would set up funds for sports development, including improvements to public sports facilities and promoting mass sports activities, said the statement.
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06-19-2009, 07:34 AM
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#2 | | OMGWTFBBQ is a common word I say everyday
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Profit for that much of a show?
sucks to be London in 2012
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Originally Posted by Fei-Ji  haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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06-19-2009, 07:44 AM
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#3 | | I WANT MY 10 YEARS BACK FROM RS.net!
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1984 LA olympic...profit was $225 million usd...
but you can't really compare, they charge more than the BJ olympic even 20 yrs ago
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06-19-2009, 12:10 PM
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#4 | | Banned (ABWS)
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Vancouver will be indebt
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06-19-2009, 12:21 PM
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#5 | | RS.net, helping ugly ppl have sex since 2001
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^
vancouver already in debt
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06-19-2009, 12:27 PM
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#6 | | Banned (ABWS)
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^ i mean further in debt  | |
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06-19-2009, 12:30 PM
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#7 | | I answer every Emotion with an emoticon
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hahaha, if only we can hire competent people to do the job.
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Ignorance is bliss
How I wish I can remain ignorant, why do I know so much?
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06-19-2009, 12:43 PM
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#8 | | I subscribe to the Revscene NWS thread(s)
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w0000t! goooooo china
go buy more US debt! lol
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Originally Posted by boss_clad why you hating on the boss, anyways? | | |
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06-19-2009, 02:21 PM
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#9 | | The RS Freebie guru
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Originally Posted by q0192837465 hahaha, if only we can get people to work at 50 cents per hour. | FYP
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06-19-2009, 02:22 PM
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#10 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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Originally Posted by q0192837465 hahaha, if only we can hire competent people to do the job. | let the Chinese do it
it will last 1/3 as long, but cost 1/5 lol
__________________ Quote:
Originally Posted by Fei-Ji haha i can taste the cum in my mouth | There is a time when you have to sig a post.
It just happened.
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06-19-2009, 06:43 PM
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#11 | | Rs has made me the man i am today!
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i had no idea it was possible for a city to come out of the olympics with a profit...
thought debt was a guarantee
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Originally Posted by Fei-Ji haha i can taste the cum in my mouth | Quote:
Originally Posted by orgasm_donor organge7 has spoken, and we have done the opposite. yay! | | |
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06-19-2009, 06:55 PM
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#12 | | I contribute to threads in the offtopic forum
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That's good to hear.
To be honest, it's hit or miss. Look at Sydney 2000.
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06-19-2009, 11:12 PM
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#13 | | I WANT MY 10 YEARS BACK FROM RS.net!
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wow i didnt know that olympic could make that much money...i thought they're always tight on budget
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06-19-2009, 11:19 PM
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#14 | | Fathered more RS members than anybody else. Who's your daddy?
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Profit, yes, but at what cost?
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"there but for the grace of god go I"
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Dirty look from MG1 can melt steel beams.
"There must be dissonance before resolution - MG1" a musical reference.
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06-19-2009, 11:50 PM
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#15 | | What hasn't Killed me, has made me more tolerant of RS!
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no kidding, i bet a lot of individuals in China paid greatly for the Olympics and will never see a cent from it. Is anyone really surprised that China would claim they made a profit on it? It's not like they would admit to actually losing money on it.. i'm not buying into the propaganda.
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06-20-2009, 12:47 AM
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#16 | | I only answer to my username, my real name is Irrelevant!
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my ass they made a profit with all the money they threw into it
they're probably just claiming a profit so that the villagers that are already unrestful dont stir shit up some more
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06-20-2009, 01:13 AM
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#17 | | HELP ME PLS!!!
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| Quote:
Originally Posted by JS1988 no kidding, i bet a lot of individuals in China paid greatly for the Olympics and will never see a cent from it. Is anyone really surprised that China would claim they made a profit on it? It's not like they would admit to actually losing money on it.. i'm not buying into the propaganda. | +1
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06-20-2009, 01:21 AM
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#18 | | Banned (ABWS)
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Originally Posted by Timpo wow i didnt know that olympic could make that much money...i thought they're always tight on budget | well the olympics didn't cost china too much to get it going. China has affordable labour.
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06-20-2009, 01:22 AM
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#19 | | WOAH! i think Vtec just kicked in!
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Not to mention the thousands that came to volunteer!
Vancouver and London will be in extreme debt.
I was in Beijing at the Paralympic Games, and the volunteers in blue coats had such patriotism I was moved. They asked me where I was from etc, and told me that China had stood up for itself, and that I should come back with other educated friends to help the Motherland.
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06-20-2009, 01:29 AM
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#20 | | Banned (ABWS)
Join Date: Oct 2006 Location: MacLeod
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Originally Posted by achiam Not to mention the thousands that came to volunteer!
Vancouver and London will be in extreme debt.
I was in Beijing at the Paralympic Games, and the volunteers in blue coats had such patriotism I was moved. They asked me where I was from etc, and told me that China had stood up for itself, and that I should come back with other educated friends to help the Motherland. |
lol.. wtf?
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