World Bank Annual Report 2004World Bank Publications, 1945 - 121 pages Contents of Volume 2: Letter of Transmittal, Management's Discussion and Analysis, International Bank for Reconstruction and Development Financial Statements and Internal Control Reports, and Special Purpose Financial Statements and Internal Control Reports of the International Development Association. |
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Common terms and phrases
accumulated provision allocated amounts Applications of Development approved asset/liability Audit Committee balance sheet Board of Executive Bosnia and Herzegovina capital Carrying Value cash flows commitment charge Comprehensive Income control over external cost counterparty credit risk Currency swaps current value adjustments Debt Initiative Trust debt relief development credits outstanding Development Resources disbursements eligible ended June 30 equity exchange rates Executive Directors exposure external financial reporting fair value financial instruments fiscal year ended HIPC Debt Initiative IBRD IBRD loans IBRD's IBRD's financial IDA's included Initiative Trust Fund interest rate swaps internal control International Development Association Japanese yen July June 30 lending loans and guarantees loans outstanding losses on loans management's member countries million-June 30 millions of U.S. nonaccrual status Notes to Financial Number obligations overdue payable payments principal provision for losses purpose financial statements Republic repurchase agreements resale agreements RSBP special purpose financial subscriptions and contributions U.S. dollars equivalent waivers
Popular passages
Page 57 - Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Page 43 - Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.
Page 43 - ... assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
Page 107 - A. expressed in terms of United States dollars of the weight and fineness in effect on January 1, 1960.
Page 42 - Because of inherent limitations in any system of internal accounting control, errors or irregularities may nevertheless occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate.
Page 92 - Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. Our study and evaluation made for the limited purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system.
Page 57 - Informal name used to designate a group of four affiliated international institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The...
Page 58 - Statement 91 and Statement 65 (as amended) for loan and commitment fees are as follows: • Paragraphs 8-10 of Statement 91 address the accounting for loan commitment fees and costs. Paragraph 8 generally requires that fees received for a commitment to originate or purchase loan(s) be deferred and recognized over the life of the loan as an adjustment of the yield if the commitment is exercised. Paragraph...
Page 40 - ... financial statements in accordance with accounting principles generally accepted in the United States of America.