Financial statement presentation and disclosure

Financial statement presentation and disclosure

Notes to the financial statements Annex I

A financial statement (or financial report) is a formal record of the financial activities of a business, person, or other entity.

3. Notes with concern the precarious financial situation of the Tribunal

The Advisory Committee notes from paragraph 12 of the Secretary General's statement that the financial implications of the decision on hazard pay are estimated at 4,694,400 for the proposed programme budget for the biennium 2006 2007.

Furthermore, it notes the State party's statement that the complaint should be declared inadmissible for lack of substantiation.

Statement of the High Commissioner's responsibilities and approval of the financial statements

The Secretary read out a statement regarding financial provisions to the draft resolution.

Statement by the Controller on the current financial situation of the United Nations

The Organization's financial disclosure programme requires designated staff members to file a confidential statement of their financial interests every year.

The Board notes that a discrepancy of 6,257,910 between the summary statement and physical inventory report still existed as at 31 December 2004, and that the financial values and dates of purchases were not indicated in the inventory report.

The Secretary read out an oral statement on financial implications of the draft resolution.

The Board conducted not only financial statement audits but also operational and compliance audits.

The Advisory Committee notes that the financial situation of INSTRAW has improved considerably during 2005.

The Secretary read out an additional oral statement on financial implications on the draft resolution.

The audit certificate accompanying each audited financial statement typically certifies the procedures undertaken in relation to the audit and authenticates the financial statements.

(u) Ex gratia payments made in accordance with financial rule 109.13 are reported in the notes to the financial statements of the respective fund pursuant to financial regulation 9.3.

Notes It was reported on 26 October 2012 that Cambodia withdrew, citing financial and competitive concerns.

The Board also notes that UNOPS experienced challenges relating to the integrity of its financial data.

Interim financial statement for the year ended 31 December 2004, the first year of the biennium

The Committee notes the statement by the State party that there have been no complaints or judicial decisions relating to racial discrimination (art.

5. Notes a significant increase in the levels of payment of member States' financial contributions to the Institute

One qualifying statement made in this Statement of Intent, however, was the potential slowness with which some of the objectives would be achieved because of limited financial and human resources.

The enclosed appendices include Seminar Statements of Principle, a summary Financial Statement, a brochure, and a sample newsletter.

The IFAD President must provide the COP with an audited financial statement of the Core Budget as soon as practicable following the end of the financial year.

The representative of Egypt, in his capacity as coordinator of agenda item 121 (Financial reports and audited financial statements, and reports of the Board of Auditors) made a statement.

The Administration also notes that the Board has attested to the fairness of the financial statements in its audit opinion.

UN Habitat notes that this will be done and the adjustments reflected when the financial statements for 2006 are prepared.

Costs which are expensed in a particular month simply appear on the financial statement as a cost incurred that month.

In a statement on the financial crisis issued in April 2008 this position was confirmed and outlined in more detail.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.

A financial statement on the status of the Trust Fund for the Centre for the year 2004 is contained in the annex.

(ii) For balance sheet statement purposes only, that portion of the education grant advance, which is assumed to pertain to the scholastic year completed as at the date of the financial statement is shown under deferred charges.

Furthermore, the Board notes that responsibility for proper financial statements ultimately rests with the Commissioner General, to whom the Audit Inspection Committee reports.

Comment by the Administration. Substantial improvements have been made to improve transparency and disclosure in the notes to financial statements, the financial report and the executive summary, as well as in the main statements.

(m) Commitments approved for future fiscal periods that are necessary in the interest of UNIDO, in accordance with financial rule 109.6, are disclosed in the notes to the financial statements of the respective fund.

The secretariat notes that additional financial resources are still needed to complete the remaining hands on training workshops outlined in the CGE work programme.

(i) Contributions in kind received or receivable and the value thereof are not accounted for, but disclosed in the notes to the financial statements.

Interim financial statement for the year ended 31 December 2004, the first year of the biennium 2004 2005 (E ICEF 2005 AB L.4)

The Advisory Committee notes that it continues to be unlikely that the 20 million level of the financial reserve will be reached by the end of 2005 in the light of the financial situation of UNEP.

The following appended financial statements, comprising Statements I to IV, relevant schedules and supporting notes, were properly prepared in accordance with the United Nations System Accounting Standards and article X of the Financial Regulations of UNIDO.

At the 42nd meeting, on 17 November, the Secretary of the Committee read out a statement regarding financial provisions relating to the revised draft resolution.

The latter provided financial services in areas occupied by the Japanese military, and Southern Development Bank notes were in fact used as de facto military scrip.

Notes that when required and authorized by the financial rules, the Executive Secretary should draw on reserves for funding both the secretariat and the Global Mechanism