The assets to liabilities ratio was down from 2.4 at the end of 2003 to 2.1 at the end of 2004, with assets of 264 million and short term liabilities of 123 million.

The assets to liabilities ratio was down from 2.4 at the end of 2003 to 2.1 at the end of 2004, with assets of 264 million and short term liabilities of 123 million.

By the end of 2004, such liabilities amounted to more than twice the 142 million in reserves.

The data on foreign bank debt of those countries (see table 5) provide an indication of that concentration, with short term liabilities representing more than 60 per cent of the total at the end of 1997.

13. Welcomes the progress made in the implementation of the Heavily Indebted Poor Countries Debt Initiative and the extension by the Executive Board of the International Monetary Fund of the original two year period for countries to begin qualifying for assistance until the end of the year 2000, and stresses that the Initiative offers an important opportunity for the heavily indebted poor countries to reach a sustainable external debt position

Article 27Where an enterprise (debtor) enters into an agreement with a creditor so as to substitute the existing financial liabilities by way of any new financial liability, and if the contractual stipulations regarding the new financial liability is substantially different from that regarding the existing financial liability, it shall terminate the recognition of the existing financial liability, and shall at the same time recognize the new financial liability.

3. External debt of the heavily indebted poor countries (HIPCs), 1992 1996

(d) The entry of liabilities with incorrect identification of their objects

Statement of assets and liabilities as at March 1997

For the HIPCs, the debt structure is overwhelmingly public and publicly guaranteed, which accounted for 80 per cent of total external debt at end 1996.

That reduced the short term component of the debt load from 44 per cent of the total as at end 1997 to 30 per cent as at end March 1998.

Liability

Liquid Liabilities

Liabilities

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.

The net domestic public debt to GDP ratio stood at a high 63 per cent at the end of 1996 (52 per cent at the end of 1995).

There was a boatman to put the boats in the water in the spring and scrape their bottoms in the winter.

The Chinese Government had decided to write off or otherwise cancel, in the coming years, all interest free or low interest government loans which those poor and heavily indebted countries having diplomatic relations with China had failed to repay on time by the end of 2004.

Total Liabilities

Liabilities 4,030.

5. On the other hand, regular budget cash, including reserves, has been in a deficit position at each year end since 1995, when the negative balance was 195 million, virtually the same as in 1996, when it was a negative 197 million.

All the initiatives undertaken since 1990 had thus provided only a temporary relief from the external debt burden of developing countries however, the external debt had continued to increase considerably and the situation had worsened as a result of accumulated arrears.

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

Regarding liabilities for accrued annual leave and repatriation grants, UNITAR has continued to build up a dedicated reserve that is expected to cover total liability by six or seven years.

Liability Accounts

Liability accounts

Environmental Liabilities

Total expenditure

The accrued

In recognition of the fact that many of the poorest developing countries continue to face unsustainable debt burdens, the Heavily Indebted Poor Countries Debt Initiative was launched in September 1996.

As a consequence, a total of 193.2 million in unrecorded obligations remain payable to Member States for the period prior to 16 June 1993 but are not shown as liabilities for that period.

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

Accordingly, its total public debt is expected to decrease substantially, from 176 billion at the end of 2003 to 164 billion by end 2004.

A. The HIPC initiative

Heavily Indebted Poor Countries (HIPC) Debt Initiative

Statement of Assets, Liabilities, amp Reserves amp Fund Balances as at

The international community agreed to further reduce the debt burden of poor countries through the recent debt initiative for heavily indebted poor countries (HIPC), which was endorsed by the most industrialized countries at their annual summit in 1996.

(d) Debt burden

(w) Contingent liabilities

b Total liabilities.

Assets Liabilities

Assets and Liabilities

Assets and Liabilities Summary

Liquid Assets and Liabilities

Transfers to Liquid Liabilities