FC 102/4 |
|
FC 102/4 |
Hundred-and-Second Session |
Rome, 5 - 9 May 2003 |
FAO Interim Accounts at 31 December 2002 |
STATEMENT OF INCOME AND EXPENDITURE AND CHANGES IN RESERVES AND FUND BALANCES
STATEMENT OF ASSETS, LIABILITIES, RESERVES AND FUND BALANCES
STATEMENT I
| Notes | Funds | Total | ||||
| General and Related | Trust and UNDP | 2002 | 2000 | |||
| INCOME | ||||||
| Assessment on Member Nations | 1 | 322,436 | - | 332,436 | 321,112 | |
| Voluntary contributions | 2 | 13,712 | 278,337 | 292,049 | 310,024 | |
| Funds received under inter-organisational arrangement | 1,806 | 14,520 | 16,326 | 18,324 | ||
| Jointly financed activities | 3 | 14,889 | - | 14,889 | 17,050 | |
| Services rendered | 828 | - | 828 | 5,000 | ||
| Miscellaneous | 4 | (6,410) | 3,245 | (3,165) | 34,160 | |
| Information Products Revolving Fund | 691 | - | 691 | 804 | ||
| Government Cash Contributions | 1,085 | - | 1,085 | 705 | ||
| Other Sundry Income | 2,727 | - | 2,727 | 5,022 | ||
| Gains (Losses) on Exchange | 9,569 | - | 9,569 | (111) | ||
| 361,333 | 296,102 | 657,435 | 712,090 | |||
| EXPENDITURE | ||||||
| Regular Programme | 358,872 | - | 358,872 | 301,723 | ||
| Projects | - | 292,857 | 292,857 | 314,175 | ||
| 5 | 358,872 | 292,857 | 651,729 | 615,898 | ||
| EXCESS (SHORTFALL) OF INCOME OVER EXPENDITURE | 2,461 | 3,245 | 5,706 | 96,192 | ||
| Redeployment and separation costs | - | - | - | (3,637) | ||
| Provision for contributions | 6 | 79,834 | - | 79,834 | (1,484) | |
| Staff related schemes | - | - | - | (17,357) | ||
| Deferred Income | 11 | (4,084) | - | (4,084) | (12,858) | |
| Amortization of After Service Medical Care | (7,065) | - | (7,065) | (6,906) | ||
| NET EXCESS (SHORTFALL) OF INCOME OVER EXPENDITURE | 71,146 | 3,245 | 74,391 | 53,950 | ||
| Transfer of Interest to Donor Accounts | - | (3,245) | (3,245) | (7,613) | ||
| Transfer from/(to) Reserves | ||||||
| Working Capital Fund | 13 | (8,360) | - | (8,360) | - | |
| Special Reserve Account | 14 | (3,324) | - | (3,324) | (9,438) | |
| Fund balances, beginning of period | (75,419) | - | (75,419) | (63,601) | ||
| FUND BALANCES, END OF PERIOD |
15 |
(15,957) | - | (15,957) | (26,702) | |
STATEMENT II
| Notes | Funds | Total | |||
| General and Related | Trust and UNDP | 2002 | 2000 | ||
| ASSETS | |||||
| Cash and term deposits | 144,559 | 306,055 | 450,614 | 340,047 | |
| Investments | 16 | 138,320 | - | 138,320 | 183,137 |
| Contributions receivable from Member Nations | 7 | 93,916 | 70,579 | 164,495 | 170,635 |
| Less: Provision for delays of contributions | 6 | (93,916) | - | (93,916) | (170,635) |
| Accounts receivable | 8 | 44,091 | - | 44,091 | 61,560 |
| 326,970 | 376,634 | 703,604 | 584,744 | ||
| LIABILITIES | |||||
| Contributions received in advance | 9 | 269 | 288,290 | 288,559 | 99,125 |
| Unliquidated Obligations | 31,704 | 88,344 | 120,048 | 139,012 | |
| Accounts payable | 10 | 29,145 | - | 29,145 | 57,186 |
| Deferred Income | 11 | 81,805 | - | 81,805 | 77,452 |
| Staff related schemes | 12 | 165,109 | - | 165,109 | 182,311 |
| 308,032 | 376,634 | 684,666 | 555,086 | ||
| RESERVES AND FUND BALANCES | |||||
| Working Capital Fund | 13 | 25,099 | - | 25,099 | 23,770 |
| Special Reserve Account | 14 | 9,796 | - | 9,796 | 32,590 |
| Fund Balances, end of period | 15 | (15,957) | - | (15,957) | (26,702) |
| 18,938 | - | 18,938 | 29,658 | ||
| 326,970 | 376,634 | 703,604 | 584,744 | ||
STATEMENT III
| CASH FLOWS FROM OPERATING ACTIVITIES | 2002 | 2000 |
| Net excess (shortfall) of income over expenditure (Statement I) | 71,146 | 46,337 |
| Adjustment for interest receivable | (4,888) | (13,856) |
| 66,258 | 32,481 | |
| Decrease in contributions receivable | 99,172 | 33,672 |
| Decrease in provision for contributions | (87,098) | 1,472 |
| Decrease in accounts receivable | 5,140 | (7,534) |
| Increase in contributions received in advance | 38,234 | (71,732) |
| Decrease in accounts payable | (19,005) | 2,834 |
| Decrease in unliquidated obligations | (37,393) | 28,830 |
| Decrease in staff related schemes | (523) | 20,945 |
| Increase in deferred income | 4,084 | 12,858 |
| NET CASH FROM OPERATING ACTIVITIES | 68,869 | 53,826 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Decrease in investments | 31,216 | (19,673) |
| 31,216 | (19,673) | |
| NET CASH FROM/(USED IN) INVESTING ACTIVITIES | 31,216 | (19,673) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Increase in Special Reserve Account | 6,015 | - |
| Increase in Working Capital Fund | 1,257 | 14 |
| Interest Received | 5,380 | 15,219 |
| NET CASH FROM/(USED IN) FINANCING ACTIVITIES | 12,652 | 15,233 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 112,737 | 49,386 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 337,877 | 290,661 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | 450,614 | 340,047 |
STATEMENT IV
For the period ended 31 December 2002
(US$ ’000)
| Net Budget Appropriations | Other Credits | ||||||||
| Chapter | Original Budget |
Transfers | Modified Budget |
Actual Expenditure |
Balance | Modified Budget |
Income | Unutilized Balance | |
| 1 | General Policy and Direction | 51,823 | - | 51,823 | 25,346 | 26,477 | 2,633 | 1,083 | 1,550 |
| 2 | Technical and Economic Programme | 292,348 | - | 292,348 | 141,611 | 150,737 | 4,949 | 3,174 | 1,775 |
| 3 | Development Support Programme | 120,819 | - | 120,819 | 69,927 | 50,892 | 54,195 | 25,479 | 28,716 |
| 4 | Technical Cooperation Programme | 95,195 | - | 95,195 | 3,521 | 91,674 | - | - | - |
| 5 | Support Services | 52,578 | - | 52,578 | 26,185 | 26,393 | 7,337 | 3,066 | 4,271 |
| 6 | Common Services | 38,395 | - | 38,395 | 19,783 | 18,612 | 4,527 | 2,244 | 2,283 |
| 7 | Contingencies | 600 | - | 600 | 468 | 132 | - | - | - |
| TOTAL EFFECTIVE WORKING BUDGET | 651,758 | - | 651,758 | 286,841 | 364,917 | 73,641 | 35,046 | 38,595 | |
| 8 | Transfer to Tax Equalisation Fund | 95,083 | (95,083) | - | - | - | - | - | - |
| Currency Variance | - | - | - | 6,245 | (6,245) | - | - | - | |
| Undistributed Staff Cost Variance | (10,359) | 10,359 | - | - | - | ||||
| 746,841 | (95,083) | 651,758 | 282,727 | 369,031 | - | - | - | ||
| 2002 | 2000 | |
| 2002 Regular Programme assessments | 324,031 | 323,550 |
| less: Amount in respect of Tax Equalisation Fund | (1,500) | (2,000) |
| Discounts on Contributions received | (95) | (438) |
| 322,436 | 321,112 |
| 2002 | 2000 | |
| (a) General and Related Funds | ||
| Support Costs | 13,712 | 12,883 |
| (b) Trust Funds and UNDP | ||
| Donor countries | 157,320 | 128,601 |
| Donor institutions | 105,838 | 154,600 |
| Multidonor projects | 15,179 | 13,940 |
| 278,337 | 297,141 | |
| 292,049 | 310,024 |
| 2002 | 2000 | |
| FAO/World Bank Cooperative Programme | 12,761 | 12,981 |
| African Development Bank | 384 | 1,280 |
| Asian Development Bank | 393 | 409 |
| International Fund for Agricultural Development | 340 | 1,313 |
| Others | 1,011 | 1,067 |
| 14,889 | 17,050 |
| 2002 | 2000 | |
| (a) General and Related Funds | ||
| Investment income/(loss) | (12,211) | 17,357 |
| Net Bank interest | 171 | 6,243 |
| Lapse of Accrued liabilities | 5,048 | 3,168 |
| Other | 582 | (221) |
| (6,410) | 26,547 | |
| (b) Trust Funds and UNDP | ||
| Bank Interest | 3,245 | 7,613 |
| (3,165) | 34,160 |
| 2002 | 2000 | |
| (a) General and Related Funds: | ||
| Staff salaries | 214,339 | 195,017 |
| Other human resources | 40,657 | 28,529 |
| Official travel | 31,412 | 23,611 |
| General operating expenses | 24,544 | 15,888 |
| Purchase of equipment | 25,999 | 17,599 |
| Training | 3,734 | 2,706 |
| Contracts | 14,251 | 11,773 |
| Sundries | 3,936 | 6,600 |
| 358,872 | 301,723 | |
| 2002 | 2000 | |
| (b) Trust Funds and UNDP | ||
| Staff salaries | 59,430 | 53,553 |
| Other human resources | 35,735 | 27,616 |
| Official travel | 24,237 | 21,011 |
| General operating expenses | 16,425 | 19,644 |
| Purchase of equipment | 94,024 | 145,851 |
| Training | 11,185 | 13,134 |
| Contracts | 48,905 | 26,959 |
| Sundries | 2,916 | 6,407 |
| 292,857 | 314,175 | |
| 651,729 | 615,898 |
| 2002 | 2000 | |
| At 1 January | 181,014 | 169,163 |
| Increase/(decrease) in provision for: | ||
| Assessment on Member Nations | (80,327) | 1,245 |
| Government Cash Contributions | 493 | 239 |
| (79,834) | 1,484 | |
| Provision no longer required | (7,264) | (12) |
| At 31 December | 93,916 | 170,635 |
| 2002 | 2000 | |
| (a) General and Related Funds | ||
| Assessment on Member Nations | 82,790 | 152,463 |
| Government cash contributions | 6,337 | 5,696 |
| Working Capital Fund | 281 | 1,602 |
| Special Reserve Account | 4,508 | 10,874 |
| 93,916 | 170,635 | |
| (b) Trust and UNDP Funds | ||
| Voluntary Contributions | 59,604 | - |
| Funds received under inter-organisational arrangement |
10,975 | - |
| 70,579 | - | |
| 164,495 | 170,635 |
| 2002 | 2000 | |
| Accounts Receivable advances and prepayments | 29,699 | 24,414 |
| Other UN and non UN organizations | 13,973 | 31,362 |
| Accrued interest | - | 750 |
| Others | 419 | 5,034 |
| 44,091 | 61,560 |
| 2002 | 2000 | |
| (a) General and Related Funds: | ||
| Assessment on Member Nations | 269 | 423 |
| (b) Trust and UNDP Funds: | ||
| (i) Voluntary contributions | 288,290 | 90,961 |
| (ii) Funds received under inter-organizational
arrangement |
- | 7,741 |
| 288,290 | 98,702 | |
| 288,559 | 99,125 |
| 2002 | 2000 | |
| Field disbursements | 2,873 | 7,828 |
| Other UN agencies | - | 21,534 |
| Pension and medical schemes | 1,972 | 8,490 |
| Staff fiduciary accounts | 13,735 | 12,822 |
| Others | 10,565 | 6,512 |
| 29,145 | 57,186 |
| 2002 | 2000 | |
| At 1 January | 77,721 | 64,594 |
| Add: Regular Programme assessment relating to TCP appropriation | 46,229 | 44,590 |
| Less: Transferred to income in respect of expenditures incurred against: | ||
| (i) TCP appropriation - previous biennium | (39,841) | (24,697) |
| (ii) TCP appropriation – current biennium | (2,304) | (7,035) |
| 4,084 | 12,858 | |
| At 31 December | 81,805 | 77,452 |
| 2002 | 2000 | |
| Compensation Payments | 16,030 | 15,861 |
| Separation Payments | 51,380 | 62,349 |
| Terminal Payments | (6,905) | - |
| After Service Medical Care | 104,604 | 104,101 |
| 165,109 | 182,311 |
| 2002 | 2000 | |
| At 1 January | 15,482 | 23,756 |
| Receipts from Member Nations | 1,257 | 14 |
| Reimbursement of Special Advance for Redeployment and Separation Costs | 8,360 | - |
| At 31 December | 25,099 | 23,770 |
| 2002 | 2000 | |
| At 1 January | 457 | 23,152 |
| Receipts from Member Nations | 6,015 | - |
| Exchange differences on translation of foreign currencies | 9,569 | (111) |
| Currency variance on staff standard costs | (6,245) | 9,549 |
| At 31 December | 9,796 | 32,590 |
| 2002 | 2000 | |
| General Fund | (15,379) | (26,479) |
| Information Products Revolving Fund | (578) | (223) |
| (15,957) | (26,702) |
The aggregate market value of the long term investment portfolio as at 31 December 2002 was US$ 145.9 million.