IIW Annual Report 2025

IIW ACCOUNTS 2025 TREASURE’S REPORT 2024/2025

Dr Stephan Egerland Treasurer (Austria)

Dear Members, Friends, and Supporters of the International Institute of Welding, Just a few months ago we were meeting at beautiful Genoa, friendly hosted by our Italian Member Society IIS, collectively to join the 78th IIW Annual Assembly and International Conference on Welding and Joining. In total 788 IIW delegates and experts have participated in this amazing assembly, not only passionate to add value to their Technical Commissions and Working Groups but, well understanding their attendance will also strongly support the organisation financially. As the ceding treasurer of the association, and as last action in this function, I feel delighted providing you with a concise update on the financial situation of our organisation. The IIW is in financial good shape. Based on solid management, along with the right decisions foresightful taken by the IIW Board of Directors, the fiscal year 2024 was finished with showing a net profit of € 5.530,00. A pleasant fact especially for a treasurer: the total income of the association was even higher than budgeted in 2023. Although still heavily missing our Russian Member, and, consequently, its membership fee, especially the increasing success of our IIW flagship journal “Welding in the World” in addition to the competent efforts devoted by the IIW Secretariat in successfully gaining funds in substantial height from the European Union, could balance the losses and added to this excellent final result. As you may have noticed from the treasurer’s report given during the latest IIW General Assembly; the IIW Board of Directors has set a policy to allocate 10 % of the amount derived from the membership fees to the fund for “Irrecoverable Debts”, safely allowing us to consider the missing membership fee from Israel in height of € 9.464,00 as irrecoverable but nonetheless compensating this loss using the fund. I can gladly report that the fund for Irrecoverable Debts could even increase its reserves by € 12.536,00 compared with 2023. Hence, showing a total positive result of € 55.672,00. IIW Weld Fund, now referred to as the IIW Welding, Education, Leadership and Development Fund (WELD Fund), was used for the payment of the membership fee of the Ukraine, well-known based on a decision taken by the Board of Directors. However, we could nonetheless finish the year 2024 with a positive result of € 27.637,00 after allocating € 6.500,00 from the operating result in addition to those € 12.056,00 received by donations. Hence, the fund’s reserves almost doubled versus 2023. All this, along with responsibly taking general care of the association’s finances, allowed us to record balanced expenditures. By no means to forget. I wholeheartedly shall wish to thank all IIW Member Societies who allocated their membership fee payment on time, respectfully encouraging all of those kindly to continue with this approach much appreciated. To those members, however, possibly still lacking their payment, please either make sure early enough to ask for delayed payment, being a feasible option, or simply be so kind as to pay on time. This report may show. It is undoubtedly fundamentally important to our global community receiving the membership fees as requested on time. Finally, and privileged saying this as the President-Elect of the IIW, I am more than glad to be succeeded as the association’s treasurer by my long-time friend and colleague, Dr. Tomoyuki Ueyama, from Japan. Handing this position over to him safely puts my mind at rest by having gained an individual most competent in accomplishing all the intricate and frequently not so trivial items related to the association’s finances – which I have greatly enjoyed by the way over the past two years. I can only thank Tomoyuki for taking over whilst I am sure that Dr. Ueyama will excel in filling in this important position.

Thank you again and yours very truly, Dr. Stephan Egerland

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