totheGeneral Assembly morefrequently thanthesubmission offinancial statements forUNIDO-i.e.everytwoyears-eventhough UNIDFfinancial rule402.1provides thatthefinancial periodofUNIDFshallbeonecalendar year. Thepractice had beentosubmitfinancial reports everyyeartotheIndustrial Development Board, buttosubmitreports totheBoardofAuditors andtheGeneral Assembly atthe closeofthesecondcalendar year. 8.Ittooksometimetoresolve thismatter andtodecide upontheappropriate typeofreporting through consultations withtheUnitedNations Accounts Division andtheBoardofAuditors. TheBoardofAuditors wasinformed ofthereasons for thedelayinsubmitting reports for1984. Executive Director's concluding comments 9.Inconclusion, theExecutive Director wouldliketothanktheBoardof Auditors andthestaffassisting theBoardfortheirvaluable contribution tothe functioning oftheFundandtoexpress hisappreciation fortheirco-operation and assistance inconducting thereviewofthefinancial situation oftheFund. -9-IV.AUDITOPINION Wehaveexamined thefollowing appended financial statements, numbered I and11,properly identified, andrelevant schedule oftheUnitedNations Industrial Development Fundforthefinancial periodended31December 1984.Ourexamination included ageneral reviewoftheaccountinq procedures andsuchtestsofthe accounting records andothersupporting evidence asweconsidered necessary inthe circumstances. Asaresultofourexamination, weareoftheopinion thatthe financial statements presentfairlythefinancial position asattheendofthe periodandtheresultsofitsoperations fortheperiodthenended. Thefinancial statements wereprepared inaccordance withthestatedaccounting principles, which wereapplied onabasisconsistent withthatofthepreceding financial periodand thetransactions wereinaccordance withtheFinancial Regulations andlegislative authority. (Signed) ~.T.NELSON Auditor General ofGhana (Signed) A.DEFOY SeniorPresident oftheCourt ofAccounts ofBelgium (Signed) FRANCISCO S.TANTUICO, Jr. Chairman, Commission onAudit, ThePhilippines 17June1985 -10-- V.FINANCIAL STATEMENTS FORTHEYEARENDED31DECEMBER 1984 -11-STATEMENT I UNITED NATIONS INDUSTRIAL DEVELOPMENT FUND Statement ofincomeandexpenditure fortheyearended 31December 1984 (UnitedStatesdollars) 1984 INCOME1983 Pledged contributions Interest income Totalincome EXPENDITURE14938655 1203323 1614197814702138 1420276 16122414 Staffandotherpersonnel costs Travel Contractual services Operating expenses Acquisitions Fellowships, grants, other Sub-total Programme support costs TOTALEXPENDITURE EXCESS OFINCOME OVEREXPENDITURE -12-46746254052608 204113 136869 31322822847050 31679562380963 13553111860987 45769573744664 1711124415023141 18230981729191 1893434216752332 (2792364) (629918) CERTIFIED CORRECT (Signed) Abd-E1Rahman KHANE Executive DirectorSTATEMENT II UNITED NATIONS INDUSTRIAL DEVELOPMENT FUND Statement ofassetsandliabilities asat31December 1984 (UnitedStatesdollars) a 5ASSETS Cash Pledged contributions unpaid Accounts receivable DuefromUnitedNations General Fund Deferred charges andotherassets TOTALASSETS1984 13747742 17925444 422291 231833 2134300 344616101983 19339927 15900136 522726 133198 2987339 38883326 B 9 o 3 7 4 1 1 2 8)=LIABILITIES Accounts payable Unliquidated obligations Unliquidated obligations, futureyears Operating reserve Deferred income TOTALLIABILITIES FUNDBALANCE Balance available 1January 198418193411471231 43435864591603 21298132987105 498500 197000 1288339013755543 2167463023002482 1588084416073862 TAdd:excessofincomeoverexpenditure Sub-total Less:transfer toreserves(2792364) 13088480 301500(629918) 15443944 (436900) NE rBalance available 31December 1984 1278698015880844 TOTALLIABILITIES ANDFUNDBALANCE 3446161038883326 -13-CERTIFIED CORRECT
**Analysis**
The text appears to be a financial report of the United Nations Industrial Development Fund (UNIDO), which focuses on promoting industrial development in developing countries. The report provides information on the fund's income and expenditure, assets and liabilities, and financial position. Given the content and purpose of the report, it is likely that the organization is involved in economic development and industry-related activities.

**Category**
Economic development, Industry