h Corresponding to net inflow of capital, less net payments of profits and interest.

77. The Commission noted that the use of a part of the net pensionable salary would result in reductions in the levels of pensionable remuneration by comparison with those calculated using 100 per cent of the net pensionable salary.

The Commission was also recommending that 66.25 per cent of net pensionable salary should be taken as the basis for determining the pensionable remuneration of General Service staff.

11 The net transfer on financial resources is defined as the difference between net capital inflows and net international payments to capital.

Total net Total net remuneration is the sum of the non pensionable component and the net pensionable salary.

The net impact was to increase the imbalance by 1.02 per cent of pensionable remuneration.

(a) 46.25 per cent of the net remuneration of Professional staff was used to determine the pensionable remuneration from net remuneration, whereas for General Service staff 66.25 per cent of the net remuneration would be used

The three delegations could accept that the pensionable remuneration should be determined by using 66.25 per cent of the net pensionable salary.

Clear

(net)

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

C'mon back inside, back inside.

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.

70. Others recalled that in 1992 the Commission had spent considerable time in arriving at the conclusion that 56.25 per cent of the net pensionable salary should be used for determining the pensionable remuneration of the General Service staff.

85 The Commission decided to recommend to the General Assembly the income replacement approach using 66.25 per cent of the net pensionable salary for determining the pensionable remuneration of the General Service and related categories of staff.

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