The overriding long-term objective of FIFA’s investment policy is the preservation of the real value of its financial assets. FIFA continued to focus on maintaining a strong and reliable portfolio, which is why only counterparties with good or very good credit ratings were chosen.
Income from cash and cash equivalents, deposits and debt securities represents interest income on cash and financial assets measured at amortised cost and measured at FVOCI.
Net gains from financial instruments at fair value through profit or loss primarily arise from derivatives that are not accounted for hedging purposes.
In 2021, FIFA made a one-time sale of some debt securities measured at amortised cost. The securities sold had a fair value of USD 296.6 million at the time of the sale and FIFA realised a gain of USD 13.6 million, which is disclosed in the item Net gains on sale of debt securities at amortised cost.
For the interest expenses on lease liabilities, please refer to Note 27 – Leases.
Expenses from debt securities include interest expenses on debt securities that are measured at amortised cost and debt securities measured at FVOCI.
Net foreign currency losses mainly result from the valuation of net assets denominated in foreign currencies such as CHF and EUR.