(e) Unrealized exchange gains and losses

In addition, UNFPA will coordinate with UNDP to determine the requirements for segregating exchange losses based on the sources of the loss.

(b) The General Assembly focuses on a wide range of political, economic and social issues as well as the financial and administrative aspects of the Organization

Realized exchange gains and losses are charged to miscellaneous income and operating expense accounts, accordingly.

The Board considers that UNFPA should present the position more transparently in the financial statements and that, except for exchange losses on voluntary contributions, all other losses on exchange should be charged as expenditure rather than be netted off against miscellaneous income.

Loss on exchange

6. Differences between the valuation of the currencies when entered into the accounts and when actual transactions are completed are accounted for as gains or losses on exchange transactions.

Specific management objectives should be established to ensure that the preserve provides ecological services of a type and quantity sufficient to compensate for those that were lost, and the preserve should be managed to achieve these objectives.

Higher actual requirements for bank charges and losses on exchange

Any difference between the actual amount(s) received on exchange and the amount(s) that would have been obtained at the operational rate(s) of exchange shall be accounted for as loss or gain on exchange.

Less Net loss on exchange on pledges

24. The Board recommends that the UNFPA financial regulations be amended to require exchange losses arising other than from voluntary contributions to be charged as expenditure, as suggested by paragraph 29 of the United Nations System Accounting Standards (A 48 530, annex), and in line with practice adopted by United Nations Headquarters.

For the claims for Iraqi dinar losses that the Panel finds to be compensable, the Panel has valued the loss at the exchange rate of one Iraqi dinar to one Kuwaiti dinar, as this is the rate that the claimants were forced to accept at the time of the exchange.

Less Loss on exchange on cash balance

Net gain on exchange

The main reason for the reversal was that the 1994 1995 figure included a net gain on exchange of 1.1 million, while the 1996 1997 figure included a net loss on exchange of 4.5 million.

Claimants asserting this loss as a D4 (personal property) loss allege that during the period of Iraq's invasion and occupation of Kuwait they were forced to exchange their Kuwaiti dinars for Iraqi dinars at the rate of one to one.

Foreign exchange offices are authorized by the Central Bank for dealings in foreign notes and coin in accordance with the foreign exchange regulations in force.

A complaint was lodged with the civilian police officer and the amounts were recovered from the Volunteer.

The Panel believes that, according to general principles of international law, applying the currency exchange rate as of the date of the loss is the best method of calculating the rate of exchange for the present Claims.

a Comprises interest income, exchange gain and loss, miscellaneous income, prior year adjustments and transfer between projects.

The Board accepts that exchange losses arising from voluntary contributions may properly offset the income.

The fact that Cuban enterprises are prevented by the embargo from using the United States dollar in international transactions caused one such enterprise EGREM an exchange rate loss of 57,000 during the period under consideration.

The gap arising from the foreign exchange conversion of a sellable cash financial asset in any foreign currency shall be recorded into the profits and losses of the current period.

approve the use of savings derived from liquidation of prior period obligations and the unspent balance of the strategic deployment stocks to cover losses on currency exchange and replenishment of the stocks and

UNFPA should amend the financial regulations to require exchange losses, other than those arising from voluntary contributions, to be charged as expenditure, in line with practice adopted by United Nations Headquarters (para. 9 (c)).

(c) Seek to amend the financial regulations to require exchange losses arising other than from voluntary contributions to be charged as expenditure, in line with practice adopted by United Nations Headquarters (para. 24)

(d) Currency exchange adjustments

(f) Currency exchange adjustment

(2)The profits and losses arising from the change in the fair value of a sellable financial asset shall be included directly in the owner s equity with the exception of impairment losses and the gap arising from foreign exchange conversion of cash financial assets in any foreign currency, and when the said financial asset is stopped from recognition and is transferred out, it shall be recorded into the profits and losses of the current period.

These claims were typically for the loss of funds in bank accounts in Kuwait or Iraq or for uncashed cheques or payable promissory notes.

This amount consists of savings on the cancellation of obligations from the prior biennium of 3,287,665 less 9,891 exchange loss on liquidation of prior biennium IDDA obligations.

To that end, we must reduce transfer costs so that so much money is not lost in the process.

Cuban steel producer Antillana de Acero makes 80 per cent of its purchases on European markets, paying in euros and consequently losing over 25 per cent because of currency exchange costs.

Therefore, the Panel is required to determine the appropriate rate of exchange to apply to losses or Claims expressed in other currencies.

(Actual outlays, current prices)

The Secretary General proposes that the savings derived from the liquidation of prior period obligations and the 9,033 that remained unspent as at 30 June 2004 should be utilized to cover any loss on currency exchange incurred on outstanding obligations.

Because the losses occurred over a fixed period of time and consisted of numerous individual costs or property losses, the Panel uses 16 November 1990, the midpoint of the occupation period, as the date of loss for purposes of the application of currency exchange rates.Compare WBC Claim Report, para. 66.

Loss type refers to the main categories of losses while loss elements refer to the sub categories of losses subsumed under a particular loss type.

In UNCC claim No. 3011755 the claimant seeks compensation for the losses of a jewellery and money exchange business in Kuwait.

The USD 112,600,000 amount for the loss of tangible business property was re allocated as follows business general assets, loss of cash, loss of stock, loss of raw materials, pre paid expenses, loss of profits on contracts, loss of business income over five years and loss of goodwill.

Exchange adjustments resulting from the payment of government contributions shall be recorded separately from those exchange adjustments from other transactions and shall be offset to those contributions.

Table A shows the analysis of the currency exchange credit.

Table B shows the analysis of the currency exchange credit.

At present the official rate of exchange is 14.00 Dominican pesos to one US dollar.