Chapter

Appendix VII Comparative Statement of Income and Expenses

Author(s):
International Monetary Fund
Published Date:
September 1977
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(Values expressed in special drawing rights)
Fiscal Year Ended
Apr. 30, 1975Apr. 30, 1976Apr. 30, 1977
Operational Income
Operational charges
Received in special drawing rights20,666,78226,499,84824,085,973
Received in members’ currencies357,98168,555304,824
Total21,024,76326,568,40324,390,797
Charges on balances in excess of quotas
Received in special drawing rights122,426,915407,225,597725,746,313
Received in members’ currencies1,871,916795,012927,224
Amounts receivable96,594479,615602,557
Total124,395,425408,500,224727,276,094
Interest on holdings of special drawing rights21,123,82120,838,10422,980,889
Total Operational Income166,544,009455,906,731774,647,780
Deduct: Operational expenses
Remuneration
Paid in special drawing rights10,317,06824,108,110121,774,346
Paid in members’ currencies52,055,04579,973,828105,104,238
Total62,372,113104,081,938226,878,584
Transfer charges and interest on
indebtedness
Paid in special drawing rights1,200,1677,043,152352,214
Paid in members’ currencies68,028,115296,382,331500,330,420
Total69,228,282303,425,483500,682,634
Other7,046
Total Operational Expenses131,600,395407,507,421727,568,264
Net Operational Income34,943,61448,399,31047,079,516
Expenses1
Administrative budget expenses44,770,761 252,465,169 260,782,287 2
Fixed property expenses(290,599)69,92364,437
Amortization of past service liabilities4,392,696
Net valuation adjustment loss (gain)119,893(266,938)31,088
Total Expenses144,600,05552,268,15465,270,508
Excess of Expenses over Income Before
Deduction of Extraordinary Item9,656,4413,868,84418,190,992
Deduct: Proceeds from the sale of property934,418
Excess of Expenses over Income9,656,4412,934,42618,190,992

Excludes operational expenses which have been deducted from operational income.

After deduction of SDR 1,199,751 for fiscal year 1975, SDR 1,600,289 for fiscal year 1976, and SDR 1,000,045 for fiscal year 1977 reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account; and SDR 800,000 for fiscal year 1977 reimbursed to the General Account for the estimated expenses of conducting the business of the Trust Fund.

Excludes operational expenses which have been deducted from operational income.

After deduction of SDR 1,199,751 for fiscal year 1975, SDR 1,600,289 for fiscal year 1976, and SDR 1,000,045 for fiscal year 1977 reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account; and SDR 800,000 for fiscal year 1977 reimbursed to the General Account for the estimated expenses of conducting the business of the Trust Fund.

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