Details of UNICEF capital assets, except the greeting card and related operations, are given in statement VIII.

Achievement of the ambitious UNCDF business plan will hinge not only on generating increased business for UNCDF, but also, critically, on translating programmes and business opportunities into concrete development results.

Article 40 As regards commissioned investment management business, the Company shall make a disclosure by category (like social security fund, enterprise annuity and other special items) of the assets scale and proceeds of such business as well as the Company's income from such business and related risks took in such business during the reporting period.

The Board reports to the General Assembly on the operations of the Fund and on the investment of its assets.

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.

Section 4 Securities Assets Management Business

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.

In addition, Bermuda is developing its trust business and the provision of services for mutual funds and asset managers.

Owing to its commercial nature, the greeting card and related operations depreciates its capital assets in conformity with its accounting policy.

2002 26 Further promotion of equalization of opportunities by, for and with persons with disabilities and protection of their human rights

(4) Where the investment scopes or investment proportions of the security self operation business and portfolio management business of a securities firm are not conformed to provisions

The Regionalization Finance Scheme (RFS) from IE Singapore also helps local SMEs (total assets less than S 30 million) to set up overseas operations.

(5) Where a securities firm engaging in portfolio management business accepts a single entrustment of its client with the value less than the minimal value prescribed.

Adopted decision 2005 29 on the UNCDF business plan, 2005 2007.

Considering the scarcity of resources, investments in these strategic industries are thus preferable because they provide externalities.

Some investments, however, are made for the improvement of infrastructure in these cases, a quantifiable return is difficult to estimate the investment could be required to meet contractual obligations or to support effective and efficient business operations and, as such, would generally not generate a quantifiable return.

This document presents the 2005 2007 business plan and implementation arrangements for the United Nations Capital Development Fund (UNCDF), proposed in accordance with Executive Board decision 2005 5 on options for a future business model for UNCDF.

It is assumed that 4.3 per cent of the Fund's assets are invested in small capitalization funds.

The depreciated value of the greeting card and related operations capital assets is 1,164,000.

Services are in many respects the infrastructure of a consumer society in China s case, providing the basic utilities, communications, retail outlets, health care, and finance that its emerging middle class is increasingly demanding. They are also labor intensive in China, services require about 30 more jobs per unit of output than do capital intensive manufacturing and construction.

In case an enterprise raises funds for a fixed asset investment project, it shall comply with the industrial policies of the state, the provisions concerning industrial planning and proportion of self owned capital and other stipulations.

As has been demonstrated, human resources and material assets deployed in a limited range of product lines and operations are easily transferable between country operations, enhancing cost savings and delivery speed.

UNFPA has established operations manager posts to oversee financial, human resources and logistic operations at the country level.

This volume of assets allows the Fund to expand its investment frontier and requires it to build up a risk control mechanism, to control comprehensively not only investment risk but also operational risk and technology risk.

For each of these niches, the business plan established the comparative advantages of UNCDF in relation to other service providers.

UNCDF is in the early stages of articulating and implementing its business development strategy.

Where the disposal of its major fixed assets refers to the adjustment of enterprise business or assets restructuring, it shall be carried out according to the scheme for business adjustment or assets restructuring as discussed and approved by the investors.

Article 82 The Company shall briefly analyze the operation of various kinds of business (like fund raising, fund sales, fund management and entrusted assets management, etc.).

In addition, an asset inventory verification database was created for purposes of enabling the various operational units within the Technical Services Section to verify stock holdings.

IT), host locations (geographical proximity, historical ties, cultural affinity), enterprise size (large companies vs. SMEs), orientation (asset and resource seeking, market seeking, efficiency seeking), market entry strategy (M As, asset swapping, greenfield investment) and types of institutions (private enterprises vs. state owned enterprises).

Capital contribution from shareholder of securities firms should be verified with evidence by accounting firm with related qualification of securities and futures the nonmonetary property should be evaluated by assets evaluation agency with securities related qualification.

The enterprise officially established its plant in Qingyuan Overseas Chinese Hi Tech Industrial Base, mainly to produce lithium cathode material. Trial production is expected to commence next May. When operating at designed capacity, output value could exceed RMB3 billion, and it could help bring up and downstream enterprises along the industry chain into Qingyuan Overseas Chinese Hi Tech Industrial Base, thus accelerating the growth of the Industrial Base.

Subsidized infrastructure and services are often provided for enterprises investing in export processing zones, enterprise zones or science parks.

UNCDF business plan 2005 2007

The 2005 2007 UNCDF Business Plan builds on the niche and comparative advantages of the Fund.

Investment in China s manufacturing sector was low in December, but infrastructure investment improved slightly. As such, fixed asset investment for the month will remain the same as that in November.

Where the price of the transaction price is based on the assets evaluation results, the listed company shall retain assets evaluation organs with qualification for securities business to issue assets evaluation report.

(1) Where an insolvency proceeding has been opened in a foreign jurisdiction in which the debtor has the centre of its main interests, the courts of the enacting State shall have jurisdiction to open insolvency proceedings against the debtor only if the debtor has an establishment or assets in the enacting State , and the effects of those proceedings shall be restricted to the establishment or assets of the debtor situated in the territory of the enacting State .

A large proportion of real estate OFDI went to Europe (about 60 per cent), contributed by major hotel and property investments made by leading Singaporean firms.

25. The most dynamic productive sectors in the GDP in 1985 89, such as construction, trade, hotels, restaurants and other services, were mainly driven by the heavy investments made by the central government.

An initial strategic review of the UNCDF business plan and programmes suggests that the niches in which UNCDF operates are viable and that UNCDF has significant comparative advantages in each niche.

(f) Strengthen the information technology infrastructure to support investment and operational processes

III. GEF OPERATIONS AND FUNDING REGARDING CLIMATE CHANGE

The anticipated expansion of the portfolio, as outlined in the new UNCDF business plan, will further increase the financial health of the organization.

For 2006 2007, the resource plan reflects the changes in the UNCDF business model.