1

UNRWA FINANCIAL REPORT

End-April 2011

2

Month Variances

• Donor income – favourable by $30.7m – all timing variance. • PSC favourable by $1.1m, increased project activity, hence E EOY forecast increased by $2m to $20m. • Area labour costs unfavourable by -$1.5m – timing due to increases in: i)LDC & Temporary staff by -$0.4, ii) CAF by -$1.3m, iii)

retirement benefits by -$0.3m and annual iv) leave accrual by -$0.2m. • Admin support Services unfavourable by -$0.2m – timing variance• Hospital services unfavourable by $-$0.2m – timing variance

Year To Date Variances

• Donor income – unfavourable by ($27m) due to timing variance – primarily budgeted Income not yet received including EU ($39m), Netherlands ($20m).

• USA$18.8m and Switzerland $10.5m received earlier than budgeted. • Area labour costs unfavourable by -$2m: Basic salary favourable by $1m, retirement benefits unfavourable by -$0.1m, annual

leave accrual unfavourable by -$0.7m, CAF unfavourable by -$3.3m due to lower actual rate of NIS to budget more than offset by lower labour costs due to delayed appointment of staff.

• Non labour costs favourable by $29.6m, due to incorrect profiling of Reserves spend – all timing variance

End of Year Forecast

Initial budget deficit was -$63.0m, currently forecast at -$64.7m, an adverse movement of -$1.7m, chiefly due to: a) net of FX, decrease on donor income of -$5.5m (NGO), b) increased PSC forecast of +$2.0m, c) forecast capitalization of +$1.5m d) net adverse impact from FX revaluation of assets and FX on projects -$0.2m and e) prior period adjustments+ $0.6m.

Please note the forecast FX gain on income, +$13.3m, has been ignored as it is effectively offset by the forecast loss of -$13.6m reported against the derivatives line (ie effect of 2011 GF hedges).

Movement in end of Year Forecast

• End of Year (EOY) forecast at March end was -$55.1m, which is currently forecast at -$64.7m, an adverse movement of -$9.6m, principally comprising: a) net of FX movt, donor income adverse by -$7.5m, b) adverse movt on new 2011 hedges for project income -$2.8m (all unrealised), c) favourable adjustment on prior period +$0.6m and d) other + $0.1m.

• Note that the FX reported with donor income ,+$13.3m, is effectively offset by the corresponding forecast impact of financial derivatives -$13.6m. the 2 values will be closely and inversely correlated as 97% of non USD donor income is hedged. The income shows a positive FX impact, as non USD rates in April were above the budgeted/hedge rates and thus the hedges are reported as a forecast loss.

April 2011 General Fund Financial Summary

3

Programme Requirements 621.2 621.2Shortfall 116.2 107.3 (8.9)Revised Income 505.0 513.9 8.9IncomeDonor Income 453.2 461.0 7.8International Staff Costs 30.8 30.8 (0.0)PSC 18.0 20.0 2.0Other Income 3.0 2.1 (0.9)

Total Income (A) 505.0 513.9 8.9Expenditure

International Staff Costs (B) 31.4 31.4 0.0Envelope

Area Staff Costs 414.5 434.0 (19.5)

Supplies 30.31 37.4 (7.1)

Premises 11.1 11.1 (0.0)

Equipment & Construction 5.2 5.7 (0.4)

Services 34.3 34.6 (0.3)

Subsidies 12.8 12.8 (0.0)Depreciation 0.0 2.0 (2.0)Capitalization 0.0 (1.5) 1.5

Reserves 31.3 7.9 23.5Cost Recovery (3.0) (2.9)Total Envelope C 536.6 541.1 (4.5)

Total Expenditure D=B+C 568.0 572.5 (4.4)

Exchange (Gains) Losses Unrealized (E) (2.6) (2.6)

Fin Der (Gains) Losses GF/Projects + PYA 5.6 5.6

Provision Stock/Asset Write Offs 3.0 3.0

Net Surplus (Deficit) (A-D+E) (63.0) (64.7) (1.7)

VarPlanned Income & Expenditure 1 Jan BudgetEOY

Estimate

April 2011 Income Statement, General Fund - Resources US$ m

Description Actuals Budget Variance HC Actuals Budget VarianceAnnual Budget

Managed To E(EOY) F/C Variance

Income 0 0 0 0 0 0 0 0 0 0 0

Donors Contributions 31,727 1,080 30,647 - 215,192 242,211 (27,018) 453,200 453,200 461,032 7,832

United Nations RB 2,000 2,565 (565) - 7,948 10,261 (2,312) 30,782 30,782 30,782 -

Programme Support Cost Recovery 2,634 1,500 1,134 - 8,899 6,000 2,899 18,000 18,000 20,000 2,000

Interest and Other Income 234 250 (16) - 988 1,000 (12) 3,000 3,000 2,118 (882)

Total Income -(A) 36,594 5,395 31,199 - 233,028 259,471 (26,443) 504,982 504,982 513,932 8,950

Expenditure - - - - - - - - - - - International Staff -(B) 1,856 2,619 763 24 8,210 10,474 2,264 31,422 31,422 31,422 -

Area Staff - manning table costs - - - - - - - - - - -

Basic Salaries 24,903 24,990 87 6 98,956 99,960 1,004 299,881 310,834 310,834 -

Hazard Pay and Special Payment 0 1 1 - 1 3 3 10 10 10 -

Provident Fund Agency Contributions 3,645 3,630 (15) - 14,527 14,522 (5) 43,565 45,166 45,166 -

SPOA,SOA and Others 783 816 34 - 3,208 3,265 57 9,796 10,108 10,108 -

Overtime and Excess hours supplement 49 59 9 - 186 230 45 685 685 685 -

CAF 2,953 1,625 (1,328) - 9,824 6,500 (3,324) 19,501 19,502 22,502 (3,000)

Special Allowances 1,453 1,421 (32) - 5,732 5,709 (23) 17,713 19,271 19,271 -

Health Related Expenses 579 877 298 4 2,237 3,523 1,287 10,569 10,570 10,570 -

Miscellenous Allowance 5 7 2 - 87 45 (43) 173 224 224 -

Retirement Benefits - Severance 422 161 (261) - 911 782 (130) 2,218 2,218 2,218 -

Retirement Benefits - EVR 78 300 222 - 768 1,265 497 4,330 4,286 4,286 -

Annual Leave Accrual 167 - (167) - 667 - (667) - 1,000 2,000 (1,000)

Total Area Staff -manning table costs -(C) 35,038 33,887 (1,151) 10 137,104 135,805 (1,298) 408,441 423,874 427,874 (4,000)

LDC and Temporary Staff -(D) 912 537 (375) 163 2,858 2,126 (732) 6,081 6,141 6,141 -

Grand Total Area staff Costs -(E)=(C+D) 35,950 34,424 (1,526) 174 139,962 137,932 (2,031) 414,522 430,015 434,015 (4,000)

FINANCIAL PERFORMANCE REPORT - BY RESOURCES - AGENCY WIDE

UNRWA TOTAL - GENERAL FUND - UNEARMARKED FUND - April 2011

Month of April 2011 Year To Date Year - 2011

April 2011 Income Statement, General Fund – Resources (Page1 of 2)4

Description Actuals Budget Variance HC Actuals Budget VarianceAnnual Budget

Managed To E(EOY) F/C Variance

Non Staff Costs - - - - - - - - - - -

Inventory Supplies 1,792 1,756 (36) 15,727 8,095 6,332 (1,763) 19,248 26,366 26,366 -

Non inventory Supplies 434 718 284 3,542 1,908 2,902 994 11,072 11,077 11,077 -

Utilities 351 392 41 31 1,461 1,484 23 4,391 4,391 4,391 -

Maintenance of Premises 345 399 54 2,237 1,188 2,199 1,011 6,695 6,707 6,707 -

Equipment and Construction 87 466 379 4,748 1 1,797 1,796 5,248 5,666 5,666 -

Training 112 149 37 889 231 645 414 1,974 1,982 1,982 -

Travel 164 217 53 120 437 815 378 2,404 2,446 2,446 -

Admin Support Services 561 329 (232) 1,281 1,944 2,309 365 5,233 5,233 5,233 -

Consultancy Services 115 218 103 1,208 391 1,039 648 3,332 3,430 3,430 -

Hospital Services 1,296 1,108 (189) 3,125 4,120 4,210 91 13,103 13,103 13,103 -

Miscellaneous Services 572 588 16 2,980 2,651 3,168 518 8,259 8,451 8,451 -

Cash Subsidies to hardship cases 591 704 112 102 2,709 2,868 159 8,814 8,843 8,843 -

Cash Subsidies to patients 262 327 65 406 1,086 1,263 178 3,672 3,672 3,672 -

Other Subsidies 15 9 (5) 18 168 73 (95) 315 322 322 -

Depreciation 37 - (37) - 142 - (142) - - 2,000 (2,000)

Capitalization (361) - 361 - (198) - 198 - - (1,500) 1,500

Reserves - 4,307 4,307 - - 24,728 24,728 31,333 7,860 7,860 -

Cost Recovery (321) (249) 72 - (1,113) (1,004) 109 (3,000) (2,946) (2,946) -

Total Non Staff -(F) 6,052 11,436 5,384 36,415 25,222 54,831 29,609 122,093 106,600 107,100 (500)

Total Operational Expenditure -(G)=(B+E+F) 43,858 48,479 4,621 36,613 173,393 203,236 29,843 568,037 568,037 572,537 (4,500)

Operational Surplus/Deficit -(I)=(A-G) (7,263) (43,084) 35,820 (36,613) 59,634 56,235 3,399 (63,055) (63,055) (58,605) 4,450

Exchange (Gains)/Losses (J) (750) - 750 - (2,556) - 2,556 - - (2,556) (2,556)

2011 GF Financial Derivatives (Gain)/Losses (K) - - - - 5,001 - (5,001) - - 13,597 13,597

2011 Projects Financial Derivatives (Gain/Losses) - - - - - - - - - 2,816 2,816

Prior year adjustments (L) (658) - 658 - (10,776) - 10,776 - - (10,776) (10,776)

Provision for Stock/Assets Write Offs - - - - - - - - - 3,000 3,000

Total Expenditure(N)=G+J+K+L+M 42,450 48,479 6,029 36,613 165,063 203,236 38,174 568,037 568,037 578,618 (10,581)

Net Surplus/(Deficit) C/F to Working Capital=A-N (5,855) (43,084) 37,228 (36,613) 67,965 56,235 11,730 (63,055) (63,055) (64,686) (1,631)

FINANCIAL PERFORMANCE REPORT - BY RESOURCES - AGENCY WIDE

UNRWA TOTAL - GENERAL FUND - UNEARMARKED FUND - April 2011

Month of April 2011 Year To Date Year - 2011

April 2011 Income Statement, General Fund – Resources (Page 2 of 2)5

April 2011 GF Donor Income – YTD and E EOY US$ m

Act Bud Var Act Bud Var

A B A+B

Australia 5.5 - - 1.1 1.1 6.5

Bahrain 0.1 - 0.1 0.1 (0.1) (0.1) (0.1) 0.1

Belgium 1.4 1.4 - 1.4 1.4 - 1.4 0.0 0.0 1.4

Canada - - - - -

Denmark 12.9 - 12.8 12.9 (0.1) (0.1) (0.1) 12.8

Egypt - - - 0.1 0.1 0.1

EU 118.4 - 51.8 90.8 (39.1) (5.5) 4.1 (1.4) 117.0

Finland 4.1 4.2 - 4.2 4.2 - 4.2 0.1 0.1 4.2

France 6.2 - - 6.2 (6.2) 0.5 0.5 6.7

Germany 11.0 - 5.4 3.7 1.8 (2.3) 0.2 (2.2) 8.9

Ireland 5.5 - - 0.4 0.4 5.9

Italy 6.2 - - 4.2 (4.2) (3.4) 0.2 (3.2) 3.0

Japan 2.5 - - 0.4 - 0.4 2.9

Kuwait 1.5 - - 0.5 - 0.5 2.0

Netherlands 20.6 - - 20.6 (20.6) (2.8) 1.4 (1.4) 19.3

Norway 25.5 25.2 25.5 (0.3) (0.3) (0.3) 25.2

Qatar 0.1 - - - - 0.1

Saudi Arabia 2.0 - - 1.0 - 1.0 3.0

Spain 13.7 0.5 - 0.5 2.9 2.7 0.2 0.2 0.9 1.0 14.7

Sweden 40.9 - 43.9 40.9 3.0 0.9 2.1 3.0 43.9

Switzerland 10.2 - 10.5 - 10.5 0.3 0.3 10.5

Turkey 0.5 - - 0.5 0.5 1.0

UAE 0.2 1.0 - 1.0 1.8 0.2 1.6 1.6 1.6 1.8

UK 31.7 - - 1.7 1.7 33.3

UK (Perf Incr) 4.9 - - 0.7 0.7 5.7

USA 114.6 20.8 - 20.8 48.8 30.0 18.8 - 114.6

Non-Adcom 13.0 3.9 1.1 2.8 5.1 4.3 0.8 0.5 0.2 0.6 13.6

NGOs - - 0.4 - 0.4 2.9 2.9 2.9

Other - - 0.9 - 0.9 0.1 0.1 0.1

Total 453.2 31.8 1.1 30.7 215.2 242.2 (27.0) (5.5) 13.3 7.8 461.0

FX Gain/(Loss) on GF Hedges: (13.6)

Net FX Impact: (0.3)

Fx ImpactTotal 2011 Updates

2011 E EOY IncomeDonor Budget

Apr-11 2011 YTD Donors under /

over funding

6

UNRWA Bank Balances – April 2011

Transaction Curr Exch rate US$m Transaction Curr Exch rate US$m

Field Currency and USD

USD 325.5 325.5 328.9 328.9

JOD 5.3 0.708 7.5 4.6 0.708 6.6

LBP 7,028.7 1,500.0 4.7 6,591.9 1,500.0 4.4

SYP 176.8 46.340 3.8 165.0 47.020 3.5

NIS 3.0 3.560 0.9 4.5 3.410 1.3 4.2%Sub-Total 342.3 344.7Non Field Currency

CAD 0.2 0.971 0.2 0.2 0.951 0.2 2.1%

CHF * 8.0 0.922 8.7 8.0 0.873 9.2 5.3%

DKK 70.1 5.294 13.2 0.2 5.038 0.0 4.8%

EGP 0.3 5.930 0.0 0.3 5.940 0.0 -0.2%

EUR 2.1 0.710 3.0 4.7 0.675 7.0 4.9%

GBP 0.2 0.624 0.3 0.4 0.600 0.6 3.8%

JPY 232.1 83.000 2.8 0.1 81.440 0.0 1.9%

NOK 1.2 5.590 0.2 0.3 5.270 0.1 5.7%

SEK 1.0 6.335 0.2 0.3 6.029 0.1 4.8%

Sub-Total 28.6 17.2

Grand Total 371.0 361.8

* CHF 8m hedged with bank (@0.9663)

Currency As on 31 March 2011 As on 30 April 2011 % Change

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UNRWA Foreign Exchange gains and losses for 2011 to-date are made up of the following:

• FX Gain/Loss on Donor Income– The difference between the fixed Budget Rates and the UN exchange rate multiplied by the

forecasted Donor Income amount.– The result to date is a gain of $13.3m, due to an appreciation of most currencies against

the USD.– Given that 97% of non-USD GF income is hedged, the above gain or loss is offset by an

equal and opposite gain or loss on the Financial Derivatives for GF (i.e a net FX impact at 30 April of ($0.3m).

• Financial Derivatives Gains/(Losses)– In 2010/11, hedging contracts (FX Forwards) were entered into to protect the value of

budgeted GF and Project 2011 contributions. – The E EOY loss on these contracts is ($13.6m) for GF related hedges and new ($2.8m) for

Projects related hedges.

• Other Exchange Gains/(Losses)– The revaluation of Foreign Currency bank balances and any other assets or liabilities, and

the realised gain or loss on any foreign currency transactions.– The result YTD was a gain of $2.6m. This result is expected to remain minimal as foreign

currency bank balances are now kept to a minimum - non-USD receipts are converted to USD immediately after receipt.

Treasury – Foreign Exchange Result – April 2011 8

2011 Cash Flow Forecast - General Fund – April 2011

Actual Actual Actual Actual Forecast Forecast Forecast Forecast Forecast Forecast Forecast Forecast

US$ Millions Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

General Fund

B/F Cash Balance 79.5 72.9 101.5 114.5 103.2 136.3 125.1 136.4 91.6 45.9 15.2 (2.4) 79.5

Donor Inflows 48.1 71.4 45.1 31.8 82.0 39.3 59.6 2.6 1.6 17.9 33.1 1.0 433.3

PSC 2.1 2.2 2.0 2.6 1.5 1.5 1.5 1.5 1.5 1.4 1.0 1.0 20.0

Other Income 0.2 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 2.1

Outflows (57.6) (46.5) (32.9) (44.5) (49.0) (49.5) (49.0) (49.0) (49.0) (49.0) (49.0) (52.8) (577.9)

FX Gain/(Loss) incl Derivs.

(0.1) 1.9 (1.5) (1.4) (1.6) (2.5) (1.1) - - (1.1) (2.8) (3.7) (13.9)

Net Cash flows (7.4) 29.3 13.0 (11.3) 33.1 (11.1) 11.2 (44.7) (45.7) (30.6) (17.6) (54.3) (136.3)

Cash Balance 72.9 101.5 114.5 103.2 136.3 125.1 136.4 91.6 45.9 15.2 (2.4) (56.7) (56.8)

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E EOY Income to Cash Flow Reconciliation – April 2011

As at 30 Apr 2011

Description $m $mForecast Income statement deficit - 31/12/2011 (A) (64.7) a) Opening Cash Balance 79.5 b) Income accruals (27.7) c) Accruals for Expenditure (30.6) d) Increase in VAT receivable (8.0) e) Annual Leave Accrual 2.0 f) Prior Year Adjustments (10.8) g) Depreciation 2.0 h) Provisions Stock/Asset Write-offs 3.0 i) Capitalisation (1.5)

Sub Total (B) 7.9

Forecast Cash Balance as at 31/12/2011 (A+B) (56.8)

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Area Staff Provident Fund - April 2011

UNRWA PF April 2011 Update

Asset Class Values PercentageApril

Performance

April (Y.T.D) Fund

Performance *

April (Y.T.D) Benchmark

Performance

Bond 632,675,722 56% 2.39% 3.43% N/A

Equity 366,289,559 33% 4.17% 8.91% N/A

Hedge Fund Of Funds (HFOFs) 51,673,928 5% 0.66% 4.73% N/A

Real Estate Securities (REITs) 70,773,515 6% 6.06% 11.88% N/A

Total 1,121,412,724 100% 3.11% 5.78% N/A

* The indicative draft performance for April 2011 Y.T.D. is net of fees.

UNRWA Year wise PF ReturnYear Fund Return Index Return Excess Return2000 6.42 1.90 4.52%2001 (0.53) (1.34) 0.81%2002 5.59 4.92 0.67%2003 14.85 14.79 0.06%2004 9.78 9.65 0.13%2005 2.48 2.50 -0.02%2006 10.25 9.87 0.38%2007 8.16 8.49 -0.33%2008 (15.03) (14.04) -0.99%2009 16.36 15.42 -0.94%2010 * 8.65 8.60 0.50%Cumulative Return (2000-2010)

5.55 5.50 0.50%

11

Area Staff Provident Fund – April 2011

12General Fund – April 2011 US$ m

DescriptionDec 2010

QMCEnd of Year

ForecastComments

Total Programme Requirements 621.2 621.2-30.8 -30.8 Less International Staff ($30.8)

590.4 590.4Downsized Envelope ($568..03m) plus Unfunded portion ($53.19m)

-18.0 -18.0 Less PSC IncomeProgramme Requirements 572.4 572.4

-2.6 Add Exchange gains ( FX revaluations) 13.2 Fin Derivatives Gains (Losses) + PYA +CAF+Dept + CAP

583.0

Projected Income 453.2 453.27.8 Increased donor funding 2.0 Increased PSC Income

463.03.0 2.1 Other Income

Shortfall against Programme Requirements -116.2 -117.9

Total Downsized Budget (Envelopes) 568.00 568.0-2.6 Add Exchange gains ( FX revaluations) 13.2 Fin Derivatives Gains (Losses) + PYA +CAF+Dept + CAP

578.6 Total Expenditure (a)

Projected Income 453.2 453.27.8 Increased donor funding 2.0 Increased PSC Income

463.0 EOY Estimate Donor Income (b)

30.8 30.8 International Staff contributions(UN)3.0 2.1 Other income (c)

18.0 18.0 PSC Income (d)505.0 513.9 Total Income (e) = (b) + (c) + (d)

Minimum additional funding required 63.0 64.7 (a) - (e)

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APPENDICES• Financial Performance Report by Sub Programme

• Financial Performance Report by HDG (Objective)

• Balance Sheet as per UNSAS – As at 30 April 2011

• YTD Dec and EOY General Fund – Cash Inflow

• Cash Flow Statements as on 30 April 2011

• Supplier Aging as on 30 April 2011

• Head Count as on 30 April 2011

14

15

16

17

18

19

20

April 2011 GF – Donor Cash Inflows YTD and E EOY US$ m

2011 2011

Act Bgt Var Recd O/S CF EOY

A B C D E A+B+ C+D+E

Australia 5.5 - 1.1 6.5

Bahrain 0.1 0.1 0.1 (0.1) (0.1) 0.1

Belgium 1.4 1.4 - 1.4 0.0 0.1 1.5

Canada 0.0 - - 0.0

Denmark 12.9 12.8 12.9 (0.1) (0.1) 12.8

Egypt 0.0 - 0.1 0.0 0.1

EU 118.4 51.8 90.8 (39.1) (1.4) 7.1 (6.4) 117.7

Finland 4.1 4.2 - 4.2 0.1 4.2

France 6.2 - 6.2 (6.2) 0.5 6.7

Germany 11.0 5.4 3.7 1.8 (2.2) 8.9

Ireland 5.5 - 0.4 5.9

Italy 6.2 - 4.2 (4.2) (3.2) 3.0

Japan 2.5 - 0.4 10.0 12.9

Kuw ait 1.5 - 0.5 2.0

Netherlands 20.6 - 20.6 (20.6) (1.4) 19.3

Norw ay 25.5 25.2 25.5 (0.3) (0.3) 25.2

Qatar 0.1 - - 0.1 0.1

Saudi Arabia 2.0 - 1.0 3.0

Spain 13.7 2.9 2.7 0.2 1.0 14.7

Sw eden 40.9 43.9 40.9 3.0 3.0 43.9

Sw itzerland 10.2 10.5 - 10.5 0.3 10.5

Turkey 0.5 - 0.5 1.0

UAE 0.2 1.8 0.2 1.6 1.6 1.8

UK 31.7 - 1.7 33.3

UK (Perf Incr) 4.9 - 0.7 5.7

USA 114.6 48.8 30.0 18.8 - (28.0) 86.6

Non-Adcom 13.0 5.1 4.3 0.8 0.6 2.4 0.3 16.3

NGOs 0.0 0.4 - 0.4 2.9 2.9

Other 0.0 0.9 - 0.9 0.1 (0.9) (12.4) (13.2)

Total 453.2 215.2 242.2 (27.0) 7.8 (16.5) 7.6 (18.8) 433.3

Total 2011 Updates

Prior Year's CF

Donor Budget

YTD

21

22Head Count as at End of April 2011 – Area Staff

Budget Field Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Avg11,020 FOG 10,542 10,533 10,688 10,698 10,615 4,381 FOW 4,196 4,215 4,207 4,219 4,209 7,118 FOJ 6,722 6,712 6,815 6,830 6,770 2,934 FOL 2,904 2,901 2,902 2,903 2,903 3,574 FOS 3,436 3,413 3,478 3,490 3,454

314 HQA 269 270 272 272 271 135 HQG 123 123 124 123 123

29,476 Total 28,192 28,167 28,486 28,535 - - - - - - - - 28,345

-

4,000

8,000

12,000

16,000

20,000

24,000

28,000

32,000

36,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

HQG

HQA

FOS

FOL

FOJ

FOW

FOG

Budget

23

24

Main A/C Year HQ-Amman Gaza Lebanon Syria Jordan West Bank HQ-Gaza Grand TotalStaff Advance

2008 0 0 2009 109 109 2010 3,182 1,666 16,677 21,525 2011 15,400 3,300 8,256 110,458 18,430 15,469 53,321 224,633

Staff Advance Total 15,400 3,300 8,256 113,640 18,539 17,135 69,998 246,267 Supplier Advance 2002 0 0

2003 21,186 21,186 2004 7,062 7,062 2006 39,230 17,879 57,109 2007 283,712 141,243 137,800 562,755 2008 141,663 0 0 26,954 168,617 2009 58,087 703,797 254,237 74,017 797 1,090,935 2010 33,850 428,415 131,772 257,355 16,100 1,760,522 188,610 2,816,624 2011 61,786 1,340,106 159,006 49,352 214,386 2,117,915 7,972 3,950,523

Supplier Advance Total 95,637 2,291,213 994,575 306,708 654,214 4,135,087 197,378 8,674,811 Supplier Payable 2002 3,330 (0) 22,902 26,232

2003 0 (1,702) (1) (1,412) 8,088 (393,887) (388,914) 2004 2,070 (1) (101) (0) 22,224 (113,636) (89,443) 2005 433 (1) (291) 10,457 10,598 2006 (27,087) (451) (18) (2,825) (68,049) (98,429) 2007 (216,672) (23,311) (110) (353) 613 (239,833) 2008 (5,354) (1,547) (109) (0) (21,073) (28,083) 2009 (3,312) (3,266) (246) (5,418) (9,815) (1,916) (23,972) 2010 (333,824) (54,319) (714,045) (682) (42,053) (61,101) (205,049) (1,411,074) 2011 (65,303) (836,972) (1,002,031) (241,872) (432,673) (1,678,923) (5,096,068) (9,353,842)

Supplier Payable Total (399,128) (1,139,585) (1,744,653) (243,430) (484,734) (1,753,603) (5,831,629) (11,596,761) Grand Total (288,091) 1,154,927 (741,822) 176,917 188,020 2,398,619 (5,564,253) (2,675,683)

Supplier’s Accounts Payable & Advances – April 201125

26