Less Interest income Net cash from operating activities

(b) Net operating income from private sector fund raising of 387.0 million for regular resources

(c) Net operating income from private sector fund raising of 260.0 million for other resources

(d) Net operating income from sales of cards and gifts of 63.3 million for regular resources

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

(net) Expenditures General operating expenses

2. Less net operating cost

This translates, from the year 2006, to an average annual growth of 4 percent in gross proceeds and net operating income.

25. The financial report and accounts reflect UNICEF income, expenditure, assets and liabilities, including the net operating income, assets and liabilities of the greeting card and related operations.

The goal is to generate 59.6 million net operating income by 2009, with 181 million gross proceeds and 129 million cards sold.

The net operating income is expected to be 59.6 million from cards and product sales and 365.0 million from fund raising, excluding the 260.0 million income from PSFR for other resources. Compared with 2006, the net operating income in 2009 is expected to increase by 12 percent for cards and product sales and 21 percent for PSFR (see table 6).

Net external factors income

Without allocating operating expenses between the two revenue generating activities, the projected 2006 net PSD income (regular resources) of 334.4 million comprises net operating income from private sector fund raising of 302.7 million and from card and gift sales of 53.1 million, offset by the cost of investment funds of 21.4 million to support fund raising and sales initiatives.

Two formats of the PSD income statement are included in the present work plan and budget document table 1 PSD income statement and table 1A net income after allocation of operating expenses by revenue generating activity (Management statement supporting table 1).

Expenditure section Income section Total (net)

Expenditure section Income section Total (net)

After allocating operating expenses, the net operating income from card and gift sales (before investment funds) for 2006 is projected to grow to 60.3 million, compared to the 2005 latest estimates of 57.2 million (see table 1A).

14. Income from staff assessment Net requirements

14. Income from staff assessment Net requirements

13. Income from staff assessment NET REQUIREMENTS

Net excess (shortfall) of income over expenditure

Net excess (shortfall) of income over expenditure

Interest credited to participants accounts Net investment income (schedule 18) Income from loans

(d) Net excess (shortfall) of income over expenditure

(v) Income from revenue producing activities, including activities handled by outside contractors, is shown in the financial statements on a net basis, after the subtraction of directly related operating expenditures

Excluding tsunami funding, forecast net income is 465.9 million.

Net excess (shortfall) of income over expenditure (statement I)

Equities Statement XXVII Add. Net investment income (schedule 19)

Net excess (shortfall of income over expenditure) (Statement 1)

(i) The net income realized from the revenue producing activities is reported as miscellaneous income

In fund raising, the net operating income (before investment funds) for regular resources for 2006 is projected at 295.5 million, compared to the 2005 latest estimate of 259.8 million (see table 1A).

Accordingly income derived from special account is not included in the determination of UNICEF net results from operations and therefore should not be considered as input for cash flows from operating activities.

(c) To avoid increases at the high net income levels.

The net addition to his taxable income was thus 6,135 NLG.

(i) Use of gross national product instead of net national income

Table 2. Net private capital flows to low and middle income

49. The 1999 resource requirement for the Registry amounts to 70,888,300 gross ( 65,876,800 net of staff assessment and other income), reflecting an increase of 26,539,100 gross ( 24,828,200 net of staff assessment and other income) over the 1998 appropriation of 44,349,200 gross ( 41,048,600 net of staff assessment and other income).

Gross proceeds generated by UNICEF country offices from PSD activities in 2005 are projected at 35.3 million (see table 5), with costs estimated at 15.4 million, resulting in a net operating income of 19.9 million.

(i) The University derives its income from two sources income from an Endowment Fund and contributions to the Operating Funds

Contractual services General operating expenses (gross of rental income) Hospitality Supplies and materials

If there is a net gain, this is credited to miscellaneous income.

23. The revised 1998 resource requirements for the Registry amount to 45,441,100 gross ( 42,104,200 net of staff assessment and rental income), reflecting an increase of 1,091,900 gross ( 1,055,600 net of staff assessment and other income) over the 1997 appropriation of 44,349,200 gross ( 41,048,600 net of staff assessment and other income).

(a) To address the income inversion phenomenon, particularly at net income levels applicable to both Professional and General Service staff

This income is expected to remain around 6 per cent of net proceeds.

(d) Operating cost adjustments amounting to a net increase of 17.2 million fully incorporating the impact of inflation.