Note 6. Inter fund balances receivable

Note 8. Accounts receivable and payable

Accounts receivable from Member States

Other accounts receivabled

Note 3. Accounts receivable

However, the composition of the current assets of 181.6 million, which included accounts receivable of 180.5 million (99 per cent), rendered its working capital dependent on the recovery of these amounts.

Interest income and dividends are recorded on an accrual basis and foreign taxes withheld are recorded as receivables.

Accounts receivable amounted to 135,966.

Note 10. Other accounts receivables

Note 12. Other accounts receivable

The Working Group next turned to the question whether the assignment of receivables arising from deposit accounts should be covered.

Note 11. Write off of receivables

7. Receivables financing assignment of receivables.

6. Receivables financing assignment of receivables.

Another view was that there was no reason to exclude the assignment of receivables arising from deposit accounts.

(Increase) decrease in other accounts receivable

Other receivables and deferred charges

Note 9. Accounts receivable and deferred charges

The accounts receivable balance comprises the following (in United States dollars)

Accounts receivable included the following (in United States dollars)

(a) Credits to Member States resulting from transfers made in 1959 and 1960 from the surplus account to the Working Capital Fund in an adjusted amount of 1,025,092 dollars

Assignment of receivables

(b) Existing receivable means a receivable that arises upon or before conclusion of the contract of assignment and future receivable means a receivable that arises after conclusion of the contract of assignment

2. Write offs of losses of cash, receivables and property

2. Write off of losses of cash, accounts receivable and property

8. Write off of losses of cash, receivables and property, and ex gratia payments

The following is a breakdown of inter fund balances receivable as at 31 December 1997 appearing in statement II (in United States dollars)

(a) Credits to Member States resulting from transfers made in 1959 and 1960 from the surplus account to the Working Capital Fund in an adjusted amount of 1,025,092 dollars

(b) A right securing payment of the assigned receivable may be transferred notwithstanding any agreement between the assignor and the account debtor or other person granting that right, limiting in any way the assignor's right to assign the receivable or the right securing payment of the assigned receivable

(c) Accounts receivable The following analysis of accounts receivable is expressed in millions of United States dollars and is included in Statement V as at 31 December 1997 and 1995

Ex gratia payments and write offs of cash and receivables

(3) An assignment of receivables is effective to transfer the rights to cash received upon collection or other disposition of receivables, provided that the cash may be identified as proceeds of the receivables.

The Board recommended that the administration modify Release 3 of IMIS (a) to avoid the necessity of introducing substantial adjustments to accounts receivable and accounts payable outside IMIS (b) to provide detailed information about debtor creditor identity in respect of each item of accounts receivable and accounts payable and (c) to enable the Organization to actively pursue recovery, especially in long outstanding accounts (A 53 5 (vol. I), sect. II, paras. 33, 34, 36 and 39).

V. ASSIGNMENT IN RECEIVABLES FINANCING 252 256 54

Scope of application 125 145 31 Article 2.

3. Assignment in receivables financing

(a) The assignor has the right to assign the receivable

Transfer of rights securing the assigned receivables

Accounts receivable and payable

Advances shall be carried to the credit of States Parties, International Organizations and the International Seabed Authority which have made such advances.

It's the savings accounts versus the debit accounts with no deposits.

(b) If payment in respect of the assigned receivable is made to the assignor, the assignee is entitled to payment of the proceeds and also to goods returned to the assignor in respect of the assigned receivable and

The accounts receivable balance comprises the following (in United States dollars)

All documents necessary for customs payments are to be completed, namely budget transfer notice of customs fees and customs fee receipt.

The full amount of the advance is maintained in the accounts receivable from staff members until such time as the staff member produces the required proof of the entitlement to the education grant, at which time the budgetary account is charged and the advance recovered.