Gains arising from the revaluation of non euro cash and bank amounts are treated as realized

The amount of 174,307 represents the net realized exchange gain from regular budget activities.

The gain of 6.9 million consists of a net realized gain of 6.2 million from contributions, a net unrealized loss of 4.5 million from the revaluation of cash, contributions receivable, accounts receivable and accounts payable during and at the end of the year, and a realized gain of 5.2 million from transactions that were settled during the year in accordance with the operational rates of exchange in effect at the date of the transaction.

It also included the part that the profits allocated to the overseas investors belonged to the earnings from equity investments of dividends and bonus generated by the retained earnings which had been achieved for what was actually allocated to the investors by the enterprises held by Chinese residents.

It offers companies a fair chance to achieve returns.

Unrealized exchange gains are not recorded as income, but set aside in accounts payable on the grounds of prudence until realized at which point they would be treated as income.

Gains arising from the revaluation of non dollar cash and bank amounts are treated as realized, with the exception of euro cash and bank deposits where such gains are also set aside in accounts payable, pending utilization in the restoration of purchasing power to projects with euro expenditures.

The budgets do not indicate actual revenues received, which have generally turned out to be far less.

In support of that suggestion, it was pointed out that in the field of factoring, for instance, recovery under assigned receivables was not limited to collection of cash proceeds, but extended to recovery of goods.

For these funds, where contributions are received, programmed and disbursed almost exclusively in United States dollars, any realized gains and both realized and unrealized losses from the revaluation of non United States dollar assets and liabilities, are recorded through table 1 and the programmable fund balance adjusted accordingly.

Gains arising from revaluation of cash and term deposits are considered realized, however specifically, for the Industrial Development Fund and trust funds, any gain arising from the revaluation of euro cash and term deposits are similarly set aside on the grounds of prudence (IDB.27 9 PBC.19 9 and decision IDB.27 Dec.5).

In order to emphasize the importance of covering proceeds in the draft Convention, it was stated that, in practice, an assignee rarely received cash upon collection of the receivable.

Any resultant unrealized gain is not recorded as income for the period, but set aside within accounts payable other .

Investment income and costs associated with operation of investments in the cash pool are allocated to participating funds

For the Industrial Development Fund, other than the general pool, and from the last biennium for trust funds, interest earned from the investment of funds, net of bank charges, realized exchange gains, realized and unrealized losses is represented as a liability within accounts payable other . As at 31 December 2004, the amounts were as follows

It also maintains control mechanisms that protect payment systems and assets and ensures that cash concentration benefits are achieved.

Assumed rate of real return (Millions of United States dollars)

In kind contributions received

If there is a net gain, this is credited to miscellaneous income.

Low real long term rates mean that any long term asset that pays, say, 100 a year in real terms would have been worth a real 1,429 in 1984, when it yielded 7 , but would have to be worth a real 5,000 now, when it yields just 2 . A decline in long term rates of such magnitude would thus appear to imply massive price inflation for real assets, justifying the high prices we are in fact seeing.

(e) Unrealized exchange gains and losses

2. In kind contributions received

(i) To ensure that cash concentration benefits are achieved

All realised and unrealised gains or losses on contributions receivable are accounted for under the Annual Programme Fund, unless required to maintain the Working Capital and Guarantee Fund.

With the traditional definition of money income, the CBO found that real median household income rose by just 15 from 1980 to 2010, similar to the Census Bureau s estimate. But when they expanded the definition of income to include benefits and subtracted taxes, they found that the median household s real income rose by 45 .

This is encouraging, with assured future revenues from existing portfolios and other income sources already ahead of trends in recent years.

Although poverty is still pervasive, real income gains have been realized at the household level as many as 58 per cent of all households in Mozambique remain below the absolute poverty line, set in relation to a minimum intake of 2,100 calories per capita per day.

(iii) The currency exchange adjustment figure essentially represents the realized gain or loss on non euro transactions during the year and the savings achieved in 2004 on the liquidation of prior year United States dollar obligations.

As indicated above, training has been received in the areas of asset forfeiture and proceeds from crime.

All realized and unrealized gains or losses on contributions receivable are accounted for under the Annual Programme Fund, unless required to maintain the Working Capital and Guarantee Fund.

A. Voluntary in kind contributions received

1. In kind contributions received

(3) An assignment of receivables is effective to transfer the rights to cash received upon collection or other disposition of receivables, provided that the cash may be identified as proceeds of the receivables.

If they are closed, the proceeds shall be credited to the Fund account as miscellaneous income.

The target was reached in 2004 and will be dramatically surpassed in 2005 as a result of the tsunami income.

The programme is designed to enhance the ability of low income countries to accede to the benefits of globalization for the pursuit of sustainable human development.

While this is still a relatively new series of investment vehicles and the volume of the available long term bond is somewhat limited, the yields on these bonds present a suitable starting point in developing the required prudent real return assumption.

UNDCP will also seek to modernize legislation on asset forfeiture, to help countries to adopt stricter controls of money laundering and precursor chemicals, and to reduce options for the legitimation of the proceeds of crime in connection with business investments, financial instruments and real estate.

Refunds of expenditures charged to prior financial periods, net gains on exchange, moneys accepted for which no purpose is specified and proceeds from the sale of surplus property, are credited to miscellaneous income.

That method includes actual income received from dividends and interest, as well as realized capital gains and losses, and takes into account changes in the market value of the investments and the timing of cash flow.

Yield

(2) An assignment may relate to existing or future, one or more, receivables, and to parts of or undivided interests in receivables.

benefits related to the mitigation of climate change that would not have

quot (9) Priority with regard to the receivables includes priority with regard to cash received upon collection or other disposition of the receivables, provided that the cash may be identified as proceeds of the receivables. quot

More than 80 percent of Ivory Coast's development went into the modern sector.