The three previous valuations those as at 31 December 2001, 31 December 1999 and 31 December 1997 had revealed surpluses of 2.92, 4.25 and 0.36 per cent of pensionable remuneration, respectively.

(a) The total pensionable remuneration as at 31 December 1997 stood at 3,533.26 million as against 3,585.18 million at 31 December 1995, a reduction of 1.4 per cent.

Therefore, the regular valuation as at 31 December 1997 showed a decrease of 1.82 per cent in the required contribution rate as at 31 December 1995 (from 25.16 per cent to 23.34 per cent), resulting in an actuarial surplus of 0.36 per cent of pensionable remuneration.

The United States owed 79 per cent of all outstanding regular budget assessments as at 31 December 1997.

a As at 31 December.

as at 31 December 2004

as at 31 December 2004

(as at 31 December 2004)

( ) As at 31 December 1995

( ) As at 31 December 1997

As at 31 December 1995

As at 31 December 1997

( ) As at 31 December 1997

( ) As at 31 December 1999

As at 31 December 1999

(as at 31 December 1996)

as at 31 December 1997

As per inventory records, the purchase cost of these items at 31 December 1997 was as follows (in United States dollars)

(a) Arrears in assessed contributions of 473 million as at 31 December 1997 had been reduced as compared with 564 million as at 31 December 1995, but still represented nearly 19 per cent of the total assessed contributions.

a As at 31 December 2004

Fund balance as at 31 December

Expenditure as of 31 December 1997

The policy of making an allowance of 10 per cent of non United States dollar denominated outstanding accounts receivable as at 31 December as a provision for delays in the collection thereof, is discontinued effective 31 December 2003.

31 December 1993 31 December 1994

The regular valuation, as at 31 December 2003, revealed a fourth consecutive surplus, amounting to 1.14 per cent of pensionable remuneration.

Balance as at 31 December 2004 12.2

24. The accounts receivable in the Environment Fund increased by 27 per cent, from 9.95 million at 31 December 1995 to 12.70 million at 31 December 1997.

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

As a result, the fund balance is expected to decline from 63,337,900 as of 31 December 1995 to 50,950,900 as of 31 December 1997.

The result of the actuarial valuation as at 31 December 2003 was an actuarial surplus of 1.14 per cent of pensionable remuneration.

The result of the actuarial valuation as of 31 December 2003 was an actuarial surplus of 1.14 per cent of pensionable remuneration.

The backlog, defined as uncompleted translation requests relating to registrations more than six months old, dropped from 457 requests as at 31 December 2003 to 31 as at 31 December 2004.

The Advisory Committee notes that, for the first time, since the valuation as at 31 December 1976, the regular valuation as at 31 December 1997 disclosed a small surplus when measured against the present contribution rate of 23.7 per cent of pensionable remuneration.

Non expendable property as at 31 December 2004

Status of Funds as at 31 December 2004

yearly contributions as of 31 December 1996 41

The fund balance of 63,337,900 as of 31 December 1995 is therefore expected to decline by 12,490,200 to 50,847,700 as of 31 December 1997.

The fund balance of 50,847,700 as of 31 December 1997 is therefore expected to decline by 28,268,000 to 22,579,700 as of 31 December 1999.

Total unliquidated cash assistance to Governments at 31 December 1997 was 111.7 million, compared with 120.7 million at 31 December 1995, showing a reduction of 9.0 million (7 per cent).

As at and for the year ended 31 December

Information on staff Status as at 31 December 2004

Status of payment plans as at 31 December 2004

Current and deposit accounts as at 31 December 2004

Cash and term deposits as at 31 December 2004

Estimated expenditure as of 31 December 1997 expenditure 1998