FIFA makes $89 million profit on $1.16 billion income in 2012

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The FIFA logo is seen at the headquarters of the soccer's world governing body in Zurich.

The FIFA logo is seen at the headquarters of the soccer's world governing body in Zurich.

FIFA has reported a profit of $89 million for 2012 and has reserves of $1.378 billion.

FIFA published accounts which showed revenue of $1.166 billion last year and spending of $1.077 billion.

The 2012 report covers the second year of a four-year financial cycle for the 2014 World Cup in Brazil.

FIFA pays no tax on commercial income from the World Cup because of its status as a not-for-profit association in Swiss law.

Blatter's salary and benefits were not detailed.

He was among FIFA leaders and executives - defined as "key management personnel'' - who shared payments totaling $33.5 million.