Audit of the Investment Management Service investment performance measurement system

ANNEX II Scope of the investment audit

Total administrative, investment and audit costs

Total investment costs C. Audit costs

2 Long term Equity Investments

The sources of the invested funds were as follows (in millions of United States dollars)

The notional pension capital accrues an interest like in the case of the funded pension scheme however, in contrast to the funded pension scheme where the growth of the capital depends on the return on the investment, the growth of the first tier capital depends on the wage growth in the country.

The Good Governance in Investment Promotion programme, the linkages programme, the Invest in Peace initiatives and the Blue Books were all designed to help countries in their efforts to implement the IPRs' recommendations.

Inputs (resource estimates in euros)

IPMT calculates the amount of a payment of an annuity going towards interest.

PPMT calculates the amount of a payment of an annuity going towards principal.

(c) What are the steps in undertaking an investment from plans to operations and how can these steps be facilitated so that potential investors do not lose interest?

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.

Investors did not provide capital for infrastructure development, which made it necessary for Governments to assume that responsibility.

Cumulative growth rate of fixed asset investment in December is forecast to be at 7.2 , unchanged from the previous month, but lower than that a year ago.

Invest, invest, invest.

(Millions of Singapore dollars percentage of locally controlled companies in parentheses)

We need to find more money for game design.

Calculates the interest paid on a given period of an investment.

Direct investments (public sector in D1,000)

According to Chinese investors' estimates, the total value of the project is expected to be 3 billion roubles.

(8) As regards long term equity investment, it is required to separately list the beginning balance, ending balance and current and accumulative amounts of unrecognized investment losses of each invested entity.

The estimated investment cost for the Programme is 3.5 million dinars.

Trends in public and private investment over the various Plans

1. The scope of the investment audit should

Note SRF indicators 2.1.1 and 2.2.1 relate only to UNCDF investments, whereas 2.3.1 relates to both UNCDF and UNDP investments.

3. The Investment Management Service has two in house systems (a) a Portfolio Management System, which was installed in 1993 and (b) the Investment Control and Accounting System, which provides automated accounting for the transaction activities of the investments of the Pension Fund.

Since the investment activities do not involve pension secretariat services, the United Nations would not absorb any of the costs of investment audits.

By realigning the Fund's investment, infrastructure and team configuration, a number of the audit recommendations made to the Investment Management Service in the past few years can be implemented.

The balance between these holdings is determined by UNFPA on the advice of UNDP, which maintains the investments on behalf of UNFPA.

It has created 200 jobs, 20 per cent of them for women.

Schedule 5. Summary statement of accrued income from investments 98

Research by financial experts suggested that it was possible to develop an investment instrument out of a portfolio of domestic currency assets that could be attractive to foreign investors.

Does OFDI increase competitiveness of firms and how could competitiveness from OFDI be measured?

Note Figures for 1976 1983 include only equity capital indicates the stock of OFDI project accumulated over the past whereas indicates the cumulative number of approved OFDI projects from 1997 to 2004.

A total of 233 representatives from 91 IPAs were attending this week's WAIPA conference.

The total proposed cost relating to strategic investments is 7.9 million.

11. Environmental investments total investments

The EFSI will be equipped with 5 billion in start up capital, produced through the revaluation of existing EIB assets, and will be backed by 16 billion in guarantees from the European Commission. The fund is expected to leverage this to acquire roughly 63 billion in loans, with private investors subsequently contributing some 5 for every euro lent bringing total investment to the 315 billion target.

Investment can sustainably drive growth only up to the point when returns decline dramatically. In the case of public sector investment, that means that the present value of the increment to the future GDP path (using a social discount rate) is greater than the investment itself.

(c) Audit costs, which cover both internal and external audit costs in both the administrative and investment areas.

An accounting firm, with expertise in portfolio management and investment accounting systems, would review and evaluate both systems, especially with respect to internal control procedures. DOCUMENT A 50 7 Add.2

The cash dividends of the sellable equity instrument investments shall be recorded into the profits and losses of the current period when the investee announces the distribution of dividends.

The Investment Map is an interactive Internet tool that combines statistics on FDI, international trade and market accession for better investment targeting (www.investmentmap.org).

In this connection, the Committee was informed by the representative of the Secretary General for the investments of the Fund that the examination of portfolio management would be most appropriately carried out by an outside firm with demonstrated investment accounting expertise.