G. Liquidity available cash versus liabilities

(2)other financial liabilities.

Deferred credits and other liabilities

(13) As regards tradable financial liabilities, it is required to separately list the beginning of period and end of period fair value of offered tradable bonds, financial liabilities which are specified to be measured on fair value and whose fluctuations are included in the current profits and losses, derivative financial liabilities and other tradable financial liabilities.

In UNHHSF, the ratio of current assets of 17.4 million to current liabilities of 12.0 million was 1.46 to 1.

Debt flows

The Board s computation of the liquidity ratio of the greeting card and related operations at 30 April 1997 disclosed that its current assets were 4.3 times the current liabilities, thus showing a favourable position.

(1)the financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses, including transactional financial liabilities and the designated financial liabilities which are measured at their fair values and of which the variation is included in the current profits and losses and

(c) At 31 December 1997, the ratio of current assets to current liabilities was 1.46 1, below the recommended level of 2 1

Total liabilities, reserves and fund balances

Negotiable instruments and other non payment obligations

Article 84 The Company shall analyze the quality and liquidity of its assets as well as its liability situation, and make a general disclosure thereof.

Liability A liability is a present obligation of the organization arising from past events, the settlement of which is expected to result in an outflow of resources from the organization.

In UNICEF, current assets of 716 million exceeded current liabilities of 528 million by 188 million, disclosing a liquidity ratio of 1.36 to 1.

In such a situation, the only option available for the Government was to seek debt restructuring to alleviate the debt burden or to have short term cash flow relief.

Again, making this work requires European countries to move together. And, with banks balance sheets having been strengthened, it will be possible to restructure mortgage debts, bank debts, and other private sector debts without destabilizing financial systems.

20. At 31 December 1997, the current assets of UNICEF, amounting to 716 million, exceeded current liabilities of 528 million by 188 million, disclosing a liquidity ratio of 1.36 1.

29. The Board noted that for all funds of the Foundation, the current ratio, that is, the ratio of current assets ( 17.4 million) to current liabilities ( 12.0 million), was 1.46 1, below the recommended level of 2 1.

Article 45 The Company shall analyze the fluidity situation of assets and liabilities during the reporting period, including its major financing channels, short term and long term liability composition, measures taken for maintaining the fluidity level and corresponding management policies and financing ability, contingent issues and their impact on the financial status of the Company.

Efforts should be made to expand the Initiative to other heavily indebted countries.

The issues of debt, capital flows and investment remained crucial to the success of international initiatives and cooperation for growth and development.

Article 24 The Company shall present the ending balance, beginning balance and percentage increase or decrease of the following financial status indicators asset liability ratio, net asset liability ratio and liquidity ratio in tabular form.

Article 75 The Company shall present the ending balance, beginning balance (prior year) and percentage increase or decrease of the following financial status indicators in tabular form asset liability ratio, net asset liability ratio and liquidity ratio.

The Heavily Indebted Poor Countries Debt Initiative was an important step, and the European Union called on other bilateral and multilateral actors to participate fully in that effort.

Capital, in this context, is simply a synonym for equity, which is on the liability side of a bank s (or anyone s) balance sheet. It refers to how a bank (or other firm) finances its activities, not to how it uses the funds that it has available.

24. External debt also constitutes an element of resource flow.

(c) Financial activities cover the traditional control areas concerned with budget, the flow of funds (revenues and expenditures), related assets and liabilities and financial information

Liability

Liquid Liabilities

Liabilities

Donor countries needed to do more to relieve the external debt burden of both the heavily indebted poor countries and other developing countries.

Where the future cash flow or term of existence of a financial asset or financial liability cannot be predicted reliably, the contractual cash flow of the financial asset or financial liability for the whole term of the contract shall be taken into account.

quot D. Debt and resource flows

17. Recognizes the difficulties of highly indebted middle income developing countries and other highly indebted middle income countries in meeting their external debt and debt servicing obligations, and notes the serious situation in some of them in the context, inter alia, of significant liquidity constraints, which may require debt treatment, including, as appropriate, debt reduction measures

Although this position showed an improvement of 7.9 per cent over the position at 31 December 1995, it is still below the generally accepted norm, which requires that current assets should exceed current liabilities by two times.

An integrated asset liability structure is needed that also encompasses domestic debt and off balance sheet items.

Such restrictions might serve the purpose of ensuring the transparency of the project s accounts and preserving the integrity of the project s assets, by segregating each project s assets, proceeds and liabilities from the assets, proceeds and liabilities of other projects or other activities not related to the project.

9. Liabilities included contributions received in advance from UNDP of 572,860, other liabilities of 358,242 (deferred income), unliquidated obligations of 594,491, and inter fund balances payable of 40,395.

Where an enterprise makes substantial revisions to some or all of the contractual stipulations of the existing financial liability, it shall terminated the recognition of the existing financial liability or part of it, and at the same time recognize the financial liability after revising the contractual stipulations as a new financial liability.

(e) To reduce the unsustainable debt burden of developing countries through such actions as debt relief and, as appropriate, debt cancellation and other innovative mechanisms geared to comprehensively addressing the debt problems of developing countries, in particular the poorest and most heavily indebted ones

Total Liabilities

Liabilities 4,030.

The Panel was informed that the initiative had been designed to resolve the debt problems of heavily indebted poor countries by reducing the external debt burden to sustainable levels, so as to ensure that adjustment and reforms in those countries were not exposed to risks arising from indebtedness.

94. The need for additional action on debt.

Moreover, together with the World Bank, the Fund has created a framework for collaborative action with other multilateral institutions and bilateral creditors to resolve the external debt problems of the heavily indebted poor countries.