97 21. UNOPS Risk management, reserves and surplus income

DECISIONS ADOPTED Number Page 97 21 UNOPS Risk management, reserves and surplus income . 28

(1) as for those occurred in the reorganization of the enterprise, they shall be paid off in the undistributed profits, surplus reserves, capital reserves and paid in capital in turn or

The consolidated primary surplus is 5 per cent of GDP and reserves have increased from nearly ten billion dollars to over twenty five billion.

Adopted decision 97 21 of 18 September 1997 on United Nations Office for Project Services risk management, reserves and surplus income (DP 1997 26)

After emerging from the crisis, indicators show a sustained growth in the economy, and a surplus in the fiscal external accounts, together with a recovery in national reserves.

In case surplus reserves are used for increasing capital, making up losses or distributing dividends, it is required to give the related resolution or basis.

China ran a very large current account surplus during the early 2000s and accumulated a vast stock of foreign reserves including at least several trillion dollars worth of US Treasury debt. Although this looks impressive on paper, reserves of this magnitude are essentially useless.

Today s big surplus countries do not need large reserves. They should reduce their holdings as quickly as possible, before they do something really stupid with the accumulated treasure.

Reserves and

One strategy, termed benign neglect, was to let the surplus countries pile up reserves until they realized that they had a very big problem. But there seemed to be no end to the piling up of reserves, so the only remaining choice was confrontation.

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. Indeed, after two decades of cheap, abundant energy and exports of surplus output, a new cycle of expensive, scarce, and imported energy has begun, as oil production has fallen by one third since 1998, and gas production by 15 since 2004.

Reserves and fund balances

Reserves and fund balances

(21) As regards general risk reserves, it is required to the purpose of the establishment of risk reserves, sources of preparing such reserves, standards for calculating and preparing such reserves and accounting methods, etc.

(iv) special risk reserves, it is required to make disclosure of the purpose of calculating and preparing special risk reserves, sources for preparing such reserves, standards for calculating and preparing such reserves and accounting methods, etc.

(h) Surplus

Surplus extraction.

Deficit (surplus)

Cumulative surplus

Reserves

Total reserves and fund balances

Total reserves and fund balances

(c) Reserves and fund balances

Short term investments and reserves

The country was running a current account surplus, but the pound was slipping against the dollar, causing the Bank of England to sell its dollar reserves to defend the fixed exchange rate. As its reserves drained away, Prime Minister Anthony Eden was forced to appeal for help, first to the US and then to the IMF.

The Company shall also make brief analysis on the preparation and use of risk reserves (including general risk reserves and special purpose risk reserves) during the current period.

Share of surplus

Difference (surplus deficit)

No reserves.

Total liabilities, reserves and fund balances

Total liabilities, reserves and fund balances

(k) Liabilities and reserves and fund balances

(j) Liabilities and reserves and fund balances

(k) Liabilities and reserves and fund balances

The international reserves of Russia include foreign exchange reserves, gold reserves as well as the reserve positions and special drawing rights (SDRs) in the International Monetary Fund (IMF).

China s Shrinking Trade Surplus

Provided from surplus stock

Provided from surplus stock

Provided through surplus stock

Surplus (deficit) for period

Unallocated surplus (statement XXI)

Valuation results surplus (deficit)

Developing countries built up a current account surplus of 2 per cent of gross domestic product (GDP) in 2004 and increased their accumulation of reserves (in particular, sub Saharan Africa, by 49.7 per cent, and East Asia and the Pacific, by 42 per cent).

(l) Other reserves