UNITED NATIONS INDUSTRIAL DEVELOPlVIENT FUND FINANCIAL REPORT and AUDITED FINANCIAL STATEMENTS fortheyearended31December 1984 and REPORT OFTHEBOARD OFAUDITORS GENERAL ASSEMBLY OFFICIAL RECORDS: FORTIETH SESSION SUPPLEMENT No.5 I(A/40/5/Add.9) UNITEDNATIONS NewYork,1985NOTE SymbolsofUnitedNationsdocuments arecomposed ofcapitallellers combined with figures.Mentionofsuchasymbolindicates areference toaUnitedNationsdocument.LETT I. Ir. IU. IV. V. VI.[Origina~.:English] [16July1984] CONTENTS LETTEPS OFTRANSMITTAL •.•.•••••••••••...•••.••••••••.•••.••••••••••••• G... iv I.FINANCIAL REPORT FORTHEYEARENDED31DECEMBER 1984•••••••••••••••• 1 II.REPORT OFTHEBOARDOFAUDITORS ••••••••••••••••••••••••••••••••••••• 4 Ill.OBSERVATIONS OFTHEEXECUTIVE DIRECTOR OFUNlDOONTHECOMMENTS AND RECOMMENDATIONS OFTHEBOARDOFAUDITORS •••••••••••••••••••••••••••• 8 IV.AUDIT OPINION ••••••••••••••••••••••••••••••••••••• :)................. 10 V.FINANCIAL STATEMENTS FORTHEYEARENDED31DECEMBER 1984•••••••••••• 11 Statement I.Statement ofincomeandexpenditure fortheyear ended31December 1984••••••••••••••••••••••••••••••• 12 Statement II.Statement ofassetsandliabilities asat 31December 1984•••••••..•.•••••••••.••••••.••.•••••. 13 Schedule 2.1Statusofunpaidpledges asat31December 1984•••••• 14 VI.SUMMARY OFSIGNIFICANT ACCOUNTING POLICIES -iii-. .17LETTERS OFTRANSMITTAL 7June1985 Sir, Inaccordance withfinancial regulation 11.4oftheFinancial Regulations oftheUnitedNations, Ihavethehonourtotransmit theUNIDFfinancial reportfortheyearended31December 1984,whichIherebycertify ascorrect. Accept, Sir,theassurances ofmyhighest consideration.Si Na 31 ha wi (Signed) TheChairman oftheBoar.dofAuditorsUnitedNations NewYork,NY10017 -iv-Abd-ElRahman KHANE The of New17June1985 Sir, Ihavethehonourtotransmit toyouthefinancial statements oftheUnited Nations Industrial Development Fundforthefinancial periodended 31December 1984,whichweresubmitted bytheExecutive Director. Thesestatements havebeenexamined andinclude theauditopinion oftheBoardofAuditors. Inaddition, Ihavethehonourtopresent thereportoftheBoardofAuditorswithrespect totheaboveaccounts. Accept, Sir,theassurances ofmyhighest consideration. (Signed) R.T.NELSON AUditor General ofGhan~ andChairman, UnitedNations BoardofAuditors ThePresident oftheGeneral Assembly oftheUnitedNations NewYork, NY -v- rII.FINANCIAL REPORT FORTHEYEARENDED31DECEMBER 1984 Introduction 1.TheExecutive Director hasthehonourtosubmitherewith thefinancial report ontheaccounts oftheUnitedNations Industrial Development Fundfortheyear ended31December 1984. Thefinancial statements consist oftwostatements supported byoneschedule. Thesignificant accounting policies aredescribed in thesummary. Summary 2.TheGeneral Assembly, inresolution 31/202of22December 1976,decided to establish theUnitedNations Industrial Development Fundtoenhance theability of theUnitedNations Industrial Development Organization (UNIDO) tomeet,promptly andflexibly, theneedsofthedeveloping countries. Thegeneral procedures governing theoperations oftheFundwereestablished underGeneral Assembly resolution 31/203of22December 1976. 3.Thedesirable annualleveloffunding fortheFundadopted bytheIndustrial Development Boardatitseleventh session andsubsequently endorsed bytheGeneral Assembly (resolution 32/166of19December 1977)is$50million. However, asshown inthefollowing table,annualpledges announced havealwaysfallenconsiderably shortofthatlevel: Millions of Pledged foryear UnitedStatesdollars 1978 9.9 1979 12.2 1980 14.0 1981 13.1 1982 12.6 1983 14.7 1984 14.9 1985estimated 12.9 4.Thecontributions maybeclassified intofourmaincategories: general purpose contributions inconvertible ct!rrencies~ general purpose contributions in non-convertible currencies~ special purpose contributions inconvertible
**Analysis**
The text appears to be a financial report of the United Nations Industrial Development Fund, which aims to enhance the ability of the United Nations Industrial Development Organization (UNIDO) to meet the needs of developing countries. The report discusses the financial statements, audit opinions, and significant accounting policies of the Fund. The Fund's main goal is to provide financial assistance to developing countries, and the report highlights the challenges faced by the Fund in terms of receiving sufficient annual pledges.

**Category**
Economic development, Industry