Comment by the Administration. 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.

The organization's total liability for such unpaid accrued leave compensation is estimated to be 27.8 million.

In order to start the fund, UNICEF is requesting an initial amount of 10 million from the fund balance, on the basis of accrued liabilities.

In line with United Nations accounting standards, liabilities for end of service payments comprise end of service allowance, repatriation grant and compensation for accrued annual leave.

In 2004, the liabilities for after service health insurance, accrued leave and termination benefits were 336 million, compared with 290 million in 2003 and 263 million in 2002.

In expenditure terms, the Court has accrued total expenditures amounting to 19.5 million for the period from 1 July 2004 to 31 March 2005.

Accrued interest from the euro cash pool

When they made money, it accrued principally to the family itself.

In paragraph 80, the Board indicated that UNODC agreed with the Board's recommendation to ensure that its reserves cover the total of all after service liabilities.

(w) Contingent liabilities

The authors conclude that, by reducing the share of short term foreign currency debt in a country s total liabilities, capital controls can reduce vulnerability to financial crises.

Corporate leaders realized that economic incentives accrued from being a good corporate citizen.

These increasing liabilities are unfunded.

Other end of service liabilities

The banking sector s size is a cause for concern because, with total liabilities amounting to more than 250 of the eurozone s GDP, any major problem could over burden public budgets.

Serious delays in the investigation had accrued to cooperation in form rather than in substance.

(a) Nature and term of the liabilities

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

Interest accrued under the General Purpose segment of the Industrial Development Fund is credited to that Fund.

Direct talks also have some well known liabilities.

Investment banks commitments to leveraged buyouts became liabilities.

Consider a bank with liabilities of 1 billion.

Table 6 Comparison of reserves and staff liabilities

Liabilities grow with additional services and future inflation.

STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCES

The cumulative amount accrued as of 31 December 2004 is 135 million ( 108 million at 31 December 2003).

Today, these assets and liabilities are all in euros.

Liabilities and proposed funding for after service health benefits

Liabilities for end of service and post retirement benefits

a statement of assets, liabilities, reserves and fund balances

Minimizing the fluctuation between assets and the present value of liabilities requires matching the characteristics of liabilities with assets with similar characteristics and adjusting for inflation.

The increase in unfunded liabilities to 262 million is alarming.

Fund end of service and post retirement benefit liabilities (para.

Mr. CHARANASOMBOON (Thailand), referring to document IDB.29 CRP.3, said that on 15 October 2004 Thailand had made full payment of its arrears in respect of the assessed contribution for 2004, which had accrued as a result of domestic budgetary procedures, in a total amount of 45,681.50 euros.

It is important that more attention is now paid to public liabilities not only growing sovereign debt, but also larger, non debt liabilities embedded in social insurance programs.

Recognizing with concern that the benefits from global economic prosperity and trade liberalization have not fully accrued to all developing countries,

They might be excluded from participation in informal networks, or have limited influence in appropriating the accrued benefits of collective action.

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

Note 16 Liabilities for end of service and post retirement benefits

(b) Facilitates pooling of assets and liabilities of group companies and

(a) Fund end of service and post retirement benefit liabilities (para. 53)

Directors' and officers' responsibilities and liabilities in insolvency and pre insolvency cases

Terminating staff are entitled to be paid for any unused leave days they may have accrued, up to a maximum of 60 days.

In view of its problems, Tajikistan requested that consideration be given to writing off its arrears to peacekeeping accounts that accrued before 2000.

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.