The World Bank Annual Report 2003: Financial statements and appendixesWorld Bank Publications, 2003 - 157 pages V.1 Year in review -- V.2 Financial statements and appendixes. |
Common terms and phrases
accounting principles accumulated provision amounts Appendix Audit Committee Average balance sheet capital Carrying Value cash flows commitment Comprehensive Income control over external cost counterparties credit risk Cumulative Currency swaps Debt Initiative Trust debt relief Development Resources disbursements effect ended June 30 equity exchange rates Executive Directors exposure external financial reporting fair value financial instruments financial statements fiscal year ended HIPC HIPC Debt Initiative IBRD IBRD and IDA IBRD loans IBRD's IDA's included Initiative Trust Fund interest rate swaps internal control International Development Association investment Japanese yen July June 30 lending liquid loan losses loans and guarantees loans outstanding losses on loans member countries million-June 30 millions of U.S. nonaccrual status Notes to Financial Number obligations operations payable payments policies principal provision for losses purpose financial statements reported basis securities Serbia and Montenegro special purpose financial subscriptions and contributions U.S. dollars U.S. dollars equivalent Wgtd World Bank Zambia
Popular passages
Page 41 - 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...
Page 55 - 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 91 - ... 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. We believe that our audits provide a reasonable basis for our opinion.
Page 18 - Official development assistance (ODA) consists of net disbursements of loans and grants made on concessional financial terms by official agencies of the members of the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD) and members of the Organization of Petroleum Exporting Countries (OPEC) to promote economic development and welfare.
Page 106 - A. expressed in terms of United States dollars of the weight and fineness in effect on January 1, 1960.
Page 108 - Any obligation under a guarantee contract that has any of the characteristics identified in paragraph 3 of FASB Interpretation No. 45, Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others...
Page 54 - Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka Sudan Suriname...
Page 51 - Brunei Darussalam, Bulgaria, Burkina Faso, Burundi Cambodia, Cameroon, Canada, Cape Verde, Central African Republic...
Page 136 - Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, Norway, Oman, Pakistan, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Republic of Korea...