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.

In particular, they should have paid greater attention to the sustainability of US mortgage and consumer debt. In 2007, the mortgage and consumer debt to GDP ratio was more than 90 , compared to 24 for net foreign debt.

(a) Determination of the quot net quot interest (discount) rate for calculating the pensioners liability as of the date of termination

Debt sustainability indicators for Haiti are mixed.

36. Africa s external debt burden is the highest among developing countries in terms of the ratio of external debt to GDP and its debt service ratio.

Debt service ratio

2 Net assets is less than 50 of the paid in capital or contingent liability reaches 50

However, because of improved economic performance in the debtor countries, the overall ratio of debt to exports and the ratio of external debt to gross domestic product had declined to their lowest levels since the onset of the debt crisis.

Although Mexico s traditional debt indicators appeared sustainable, with moderate ratios of debt service, debt stock to exports and interest payments to exports (a ratio similar to the debt service ratio), the ratio of short term debt to reserves amounted to 131 per cent in 1997 (the ratio was much higher in 1996).

The liabilities were valued on the basis of a discount rate of 5.5 per cent.

Cleaning up high private sector debt and lowering public debt ratios by growth alone is particularly hard if a balance sheet crisis leads to an anemic recovery. And reducing debt ratios by saving more leads to the paradox of thrift too fast an increase in savings deepens the recession and makes debt ratios even worse.

Debt rate as percentage GDNI

Region Debt export ratio

As percentage of projected liabilities

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

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

The situation is all the more difficult since Africa s heavy debt burden has increased by 2.1 per cent compared to 1995, making Africa the continent with the highest debt to export ratio.

However, to trace these adequately requires more information, and on a more timely basis, on aggregated domestic stocks as well as flows (for example, levels of debt in corporate as well as banking sectors, private liquidity ratios and debt equity ratios, as well as borrowing flows).

For starters, when it comes to public debt, there is a big difference between the gross and net figures. While Japan s gross public debt, for example, is a massive 246 of GDP, the net figure, accounting for intra government debts, is 127 of GDP.

It is estimated that the debt export ratio in net present value terms is high (187 per cent), suggesting that Haiti's debt is unsustainable.

Latin American debt indicators generally indicated a sustainable debt position for the region as a whole, with a debt service ratio of 12 per cent, debt stock to exports and to GNP ratios of 103 per cent and 43 per cent respectively, and a short term debt to reserves ratio of 71 per cent.

Debt rate ( GNP)

The personal debt to income ratio basically went from 65 percent to 135 percent in the span of about 15 years.

During the 1990s, large business groups of the Republic of Korea (chaebols) expanded quickly through financing from domestic banks, becoming highly leveraged (with an average debt to equity ratio of about 400 per cent in 1997).

As a group, those countries debt burden remains severe, with a debt stock to export ratio of well over 300 per cent (far above the 200 per cent threshold used to indicate a debt overhang) and a debt stock to GNP ratio of 127 per cent in 1996 after several years of improvement.

This implies a deceleration of the growth rate of public indebtedness.

The ratios of debt service to exports and debt stock to GNP also point towards an improved position.

Article 23. Rate of payment of creditors 96 98 21

Article 23. Rate of payment of creditors

The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of PSD.

25. The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of the greeting card and related operations.

Sub Saharan Africa and the least developed countries, for example, have the highest ratios of external debt to GNP and of external debt to exports.

213. Multilateral debt accounts for a high proportion of the external debt of a number of heavily indebted developing countries.

That is an exaggeration. For example, Ichizo Miyamoto, a former senior finance ministry official, claims that, accounting for the government s assets, Japan s net debt GDP ratio is below 100 , similar to that of the United States.

Article 17 19 . Rate of payment of creditors 182 183 40

But governments and investors know this, and the result has been much higher debt to GDP ratios than would have been possible under the gold standard. The eurozone as a whole has a debt to GDP ratio of 90 , which is high by any standard.

(b) the estimated long term rate of inflation used in computing the liability

(c) A preliminary estimate of the ratio factor (i.e., the ratio of ICITO termination liabilities to the total liabilities for all active Fund participants) would be prepared in December 1998 based on data collected through 31 December 1997, and made available to ICITO.

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 Germany, for example, interest rates on public debt up to five years will be negative, and only slightly positive beyond that, producing a weighted average of zero. Clearly, Japan s near zero interest rate environment is no longer unique.

The debt to GNP and debt to export ratios remain high, about three and a half times those for the developing countries as a whole.

At the balance sheet date, all asset and liability balances are revalued using the United Nations official exchange rate as at 31 December.

1 It is generally recognized that a ratio of debt to exports exceeding 200 per cent and a ratio of debt service to exports exceeding 20 per cent would signal serious debt problems.

In 2004 the ratio of debt servicing to exports was 10.0 per cent (see figure below).