Objective 6. Develop an investment policy and asset allocation which reflect the Fund's strategic purpose of funding liabilities.

Measurement and reporting were neglected. Even today, states liabilities receive considerable attention, while their asset sides receive significantly less.

Asset and liability management is the process of controlling the relationship of assets to liabilities that is, managing the spread between them.

23. The liabilities of UNICEF include contributions received in advance, special accounts, unliquidated obligations, other accounts payable, credit balances in asset accounts and accrued expenses.

In case an enterprise divides its whole assets, liabilities and businesses, it shall set down a dividing plan according to the principle of business or asset correlations.

Liabilities

Where an enterprise transfers any of its assets used for repaying its financial liabilities into any institution or to establish a trust, and the prevailing obligations to repay the liabilities remain to exist, it shall not terminate the recognition of the said financial liability and the transferred asset.

In accordance with the accounting policy disclosed in note 2 (b), non expendable equipment held by the Programme is not shown as an asset in the statement of assets and liabilities.

Unfunded liabilities

Unfunded liabilities

Assets Liabilities

Total Liabilities

Liquid Liabilities

Environmental Liabilities

(c) Liabilities

Liabilities 4,030.

Article 57The financial liabilities refers to the following liabilities of an enterprise

(w) Contingent liabilities

b Total liabilities.

Assets and Liabilities

Expected Liquid Liabilities

(a) Contingent liabilities

Asset

Statement II Assets, liabilities, liabilities and reserves and fund balances at 31 December 1997

(2)other financial liabilities.

Assets and Liabilities Summary

Liquid Assets and Liabilities

Transfers to Liquid Liabilities

Note 6. Contingent liabilities

If China cannot do very much about existing gross assets and gross liabilities, it should address new assets and liabilities in order to 160 minimize future capital losses. In short, China must take into consideration the ongoing asset crisis facing emerging economies, especially when considering highly consequential questions such as full renminbi convertibility and the currency s internationalization.

If China cannot do very much about existing gross assets and gross liabilities, it should address new assets and liabilities in order to minimize future capital losses. In short, China must take into consideration the ongoing asset crisis facing emerging economies, especially when considering highly consequential questions such as full renminbi convertibility and the currency s internationalization.

(v) Unspent allocations other liabilities UNDP. The unspent balance of allocations issued for the current year, together with allocations issued for future years, is reflected as an asset and as other liabilities. Unspent allocations for UNDP financed projects are based on the project budgets. Unspent allocations for UNDP administered trust funds are based on allocation advices issued by UNDP

Asset recovery

Asset management

Asset account

Asset Accounts

Asset accounts

Asset Account

Other end of service liabilities

These increasing liabilities are unfunded.

F. Recognition of Environmental Liabilities

contingent environmental liabilities plus explanations

Deferred credits and other liabilities

As percentage of projected liabilities

Note 18. Contingent financial liabilities