bothinvolume andgrossproceeds. 2.Underthenewaccounting systemintroduced forthe1983season, somebudget expenditures wereclassified differently fromprioryears. Asaresult, statement Irecords onlycomparisons forsignificant amounts, Le.thatsemi-fixed costs increased by$1million andfixedcostsby$0.6million. Thenegative adjustment tonetincomeresulting fromthenewaccounting systemiscomprised asfollows: (united Statesdollars) (4.4) 1.5 0.4 0.5 :2.0) :0.7) ~.7) 1.4 0.1)Directproduction costs(included ininventory) Indirect production costs(freight andotherexpenditures) Semi-fixed costs(pre-production costs,brochures, sampledesign, etc.) Total Statement 11(assets andliabilities) Accounts receivable ($24.8million)(869000) 641000 1695000 1467000 1.4) 0.6) 3.5) 5.5)3.Agreements withmostnational committees provide forpayment by31August eachyear.Therefore itisnormalthatnational committees haveoutstanding balances duetotheGreeting CardOperation bytheendofthecampaign. The levelofoutstanding balances asat30April1984wasatanormallevel. By theendofNovember 1984theoutstanding balance wasonly$3.5million. Inventory ($9.8million) (United Statesdollars) ).4) IOUlabeValuation of: Rawmaterials (atstandard costprice) Products inprocess, finished products and products intransit (atstandard costprice) Inventory atconsignees (atselling prices) Total2371826.63 5607990.17 1782488.54 9762305.34 GRANT IHector4.Theclosing inventory asat30April1984includes cardsmanufactured during the16-month periodforthe1984campaign. -69-Stockmovement ofsaleable cards1January 1983-30 April1984 (Millions ofcards)8.The I prepaid e 1983 season1982 season Brea Opening inventory asat1January 1983 81.8 76.5 Plus:Production (1January 1983-30 April1984) !1Jh.§. 137.8 Subtotal ill.:.! 214.3 Minus: Sold 112.5 114.6 Intransit (1January 1983-30 April1984) 16.5 Destroyed, lost,usedassamples, donated 9.0 7.2 Decollated ...!.hQ. !Q.:.l Subtotal ill.& 132.5 Closing inventory asat30April1984 109.4 81.8 5.Thechangeintheaccounting methodmeantthatfortheaccounting of inventory thecalendar year(1January-31 December) hadtobereplaced bya campaign year;thischangeimplied thatthetransactions duringtheperiod between 1January and30April1983hadtobeaddedtothe1983campaign (1May1983-30 April1984). 6.Inthesummary shownabove,theproduction of16months (178.6million) hasbeenincluded, whilethesales(112.5million) onlyreferto12monthsof campaigning. Capital assets ($0.5million)Un Mi: SUI Va Production machineryTelephone system (UnitedStatesdollars) Purchase price Depreciation 1983 Bookvalueasat30April1984427658.60 61094.04 366564.5688397.00 88397.00516055.60 61094.04 454961.56 7.Inthenewaccounting system, capital assetsarenolongerconsidered expenditures butarecapitalized anddepreciated. Machinery andequipment willbedepreciated overitsestimated usefulperiod, whichforthe above-mentioned equipment isconsidered tobesevenyears. -70-Prepaid expenses 8.Thedecrease of$1,819,569.88 istheresultoftheaccounting changewhere prepaid expenses arecharged tothe.current season. Accounts payable ($1.7million)I Breakdown UnitedNations services Miscellaneous Suppliers Various -71-(United Statesdollars) 258000.00 409178.60 824241.35 173429.40 1664849.35SCHEDULESTOTHEFINANCIALSTATEMENTS SCHEDULE1 Grossproceedsofsalesbyareaandmajorsel1~ngcountryandnumbersatcardSsold 1963Seasoncomparedw~th1962 1983season---19112seasonper- Total~~-centage grossgrosscentageIncrease proceedsGrossproceeas~increase(~e) (1'hou-proceeasCards('fhou-proceedS~(decrease)No.at Thou-5anasasper-Grosssold'llhOU-sandSasper-GrossSold19113cardS sandsofper-centageofproceeds~~atPer-centageproceeds~grossSOld atUnIteacentagetotal1,0001,000atUn~tedcentageattotal1,0001,000proceedS19lH ~Statesattotalsaresperpopu-popu-cardsStates01totalsalesatperpopu-popu-over~ solddollars)proceeasat64,38'1.lationlatlonsoladollars)proceedS59,200lat~on~H1l219112 EUROPEGermany,Federal Republ~cat12678770316.011.~125.662071261211ln17.413.11132.572011(5.7)(1.0) France11507563111.78.7104.4721311653541211.59.1~~.622154.U(1.3) SWltzerland415028806.04.5457.1165~40111211916.24.9446•.<462U(0.4)3.3 Netherlanos365519074.02.9134.32257391721214.53.6146.22274(10.1)(6.7) Spalnb1411121112.51.932.23163b111611942.62.031.461632.0(0.6) Flnlana242313872.9 2.1289.05505219511622.51.9241.Ull4551~.410.4 Sweden2119812672.b1.~152.64349246610822.31.8129.8929617.117.4 IItaly3751121172.7 2.022.4~66411510492.31.8111.547322.7(1l.1l) --lI\)Belglum210710452.2105.6U2134.7 I1.b2U1210272.21.7104.262041.8 Norway111709862.01.5240.4245619769131.9 1.52n.144818.0(5.5) Poland10352620.50.47.462934017961.7 1.322.0294(67.2)(69.6) Denmark16596911.91.4174.69365165771121.71.3152.7332413.~12.2 UnlteoK~ngdomot GreatBrHain anaNorthern Ireland24809141.9 1.425.977u21366461.41.111.5113641.516.1
**Analysis**
The text appears to be a financial report of a company or organization, specifically discussing the accounting and inventory management of greeting cards. The report includes information on production, sales, inventory, and accounts payable, which suggests a commercial or business context. The report also mentions international transactions and countries, which may indicate that the organization operates globally.

**Category**
Industry, International trade