They had also registered a record increase in international reserves in 2004 resulting from higher trade surpluses and net private capital inflows.

Reserves

Clear

(net)

(l) Other reserves

(j) Operating reserves

Reserves and fund balances

Net capital inflow

Net revenue (1 200.2) (960.7) 239.5

Net total 47 818.0

Gross Net

payments a profits and interest c account d of capital e Global balance f

a Net budget.

2. Net expenditure

Total net expenditure 60 764 824 87 957 782 148 722 606

Total cost (net) 14 683 000

Net amount assessed 39 801.1

Net transfers and adjustments 17 292.4

Net expenditure 74 235 300 85 576 662 159 811 962

Net operating costs

Net amount assessed 1 370.0 139.9 1 509.9

Net amount assessed 884 268

Net amount assessed 2 507 002 171

Net other changes 1 704.5 23.2

Net amount assessed 2 414.4

Net surplus balance 70.9

Net amount assessed 495 240 923

To implement Board apos s recommendation to extend to General Service staff, as from 1 July 1995, the longer term modifications introduced effective 1 April 1992 with respect to Professional and higher category staff.

Seemed clearheaded.

Table 6 Comparison of reserves and staff liabilities

Other reserves comprise the following

(g) Transfers to reserves

Africa s natural gas reserves amount to about 8 of global reserves.

(i) Operating and other types of reserves are included in the totals for reserves and fund balances shown in the financial statements

Covering this drop in reserves more than half of gas reserves and a fifth of oil reserves have been consumed with imports implies an annual cost of more than 300 billion.

4. Net assets and liabilities

Net material product of agriculture

Net service Net payments of Balance on current Net movement

Net transfers and adjustments a

Net transfers and adjustmentsb 17 292.4

Net transfers and adjustmentsc (1 638.0) 1 638.0

Net operating costs

1. Resources Gross Net

2. Net operating cost

2. Net operating costs