Statement of assets, liabilities, Working Capital Fund and excess of income over expenditures as at 31 December 2003

Assets and liabilities

LIABILITIES AND RESERVES

RESERVES AND LIABILITIES

Working capital is measured through the difference between resources in cash or readily convertible into cash (Current Assets), and cash requirements (Current Liabilities).

Total, reserves and liabilities

Accounts payable and liabilities

liabilities.

Liabilities.

(b) Working Capital and the project fund balances are considered as long term liabilities, as these amounts are reserves for future shortfalls of funds

Assets and liabilities 42 54

4. Net assets and liabilities

Statement III. Assets and liabilities

And we have no liabilities.

(b) Liabilities

So liabilities.

So liabilities.

And inflation is like default a capital levy on holders of public debt, as it reduces the real value of nominal liabilities at fixed interest rates.

The world's indebted nations, unfortunately known as the Third World, transfer capital to the rich nations by paying interest on their foreign liabilities.

5. Statement III reflects the assets and liabilities of the General Fund, Capital Assets Fund and the Special Account for Programme Support Costs as at 31 December 1993.

Voluntary contributions receivable and unrecorded liabilities

Statement III. Assets and liabilities . 18

VIII. DISPOSAL OF ASSETS AND LIABILITIES

Statement I. Assets and liabilities . 78

(w) Contingent liabilities

b Total liabilities.

(c) Contingent liabilities

Short term liabilities

liabilities as well.

liabilities are overstated.

liabilities plus equity.

This is liabilities.

liabilities plus equity.

(a) Nature and term of the liabilities

Statement of assets and liabilities as at

Percentage of projected liabilities

Total short term liabilities

Note 7. Contingent liabilities

The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of PSD.

16. The Working Capital of UNRWA is not a statutory operating reserve but the balance remaining in the General Fund after liabilities are deducted from assets.

Table 6 Comparison of reserves and staff liabilities

Liabilities grow with additional services and future inflation.

STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCES

Assets and liabilities as at 31 December 1993

and liabilities as at 31 December 1993 . 50