De facto, the directives were not sufficiently comprehensive.

Provisioning for loan losses fell in 2004 , as in 2003 .

It should also reflect the changes in provisions on loans if an NCB decides that outstanding stocks should be recorded net of provisions .

In 2006, the accounting policy on the treatment of provision for bad debts will be revised.

The adjustment should also reflect the changes in provisions on loans if an NCB decides that balance sheet stocks are recorded net of provisions .

Added to this was a rise in bad debts, for which significant provision had to be made, particularly in 2001.

The profitability of large euro area banks was also supported by a continuation of low loan impairment charges .

Prepayments of insurance premiums and reserves for outstanding claims ( AF .

Prepayment of insurance premiums and reserves for outstanding claims (M89)

Prepayments of insurance premiums and reserves for outstanding claims (AF.62)

Prepayments of insurance premiums and reserves for outstanding claims as a liability of RoW

Prepayments of insurance premiums and reserves for outstanding claims held by RoW

61 ) j ) prepayments of insurance premiums and reserves for outstanding claims ( F. 62 and AF .

(vi) debts owed by and claims against a third party may be accepted as cover for technical provisions only after deduction of all amounts owed to the same third party

In paragraph 66, the Board recommended that the Private Sector Division review its policy on the determination of the provision for uncollectible accounts receivable and ensure that it excludes written off receivables from provisions for uncollectible receivables.

Food being smuggled to Terangi.

Furthermore, the company changed the accounting method concerning bad debt provisions without applying that change retrospectively, thus again affecting significantly the financial results.

14 Remaining liabilities Net equity of households in pension funds reserves ASSETS 3 Securities other than shares Up to 1 year Of which euro Over 1 year Of which euro 5 Shares and other equity Quoted shares Investment fund ( not MMF ) shares 7 Remaining assets Prepayment of insurance premiums and reserves for outstanding claims M89 M83 M86 M84 M87 M85 M88 M71 M74 M77 M80 M72 M75 M78 M81 M73 M76 M79 M82 M70

Prepayments of insurance premiums and reserves for outstanding claims held by total economy, NFCs and HHs

Prepayments of insurance premiums and reserves for outstanding claims as a liability of total economy and RoW

(vii) the value of any debts and claims accepted as cover for technical provisions must be calculated on a prudent basis, with due allowance for the risk of any amounts not being realisable.

(vii) the value of any debts and claims accepted as cover for technical provisions must be calculated on a prudent basis, with due allowance for the risk of any amounts not being realizable.

1 Provisions for outstanding commitments

Allowances for consolidated requirements

Net equity of households in life insurance reserves and in pension funds reserves and prepayments of insurance premiums and reserves for outstanding claims as a liability of RoW

Overall waivers in group HAG 3 100 of the claims was waived

These provisions shall be released to the profit and loss account in the following order ( a ) provisions made against known liabilities

1 Provisions for ECSC budget

When the home Member State allows any technical provisions to be covered by claims against reinsurers who are not authorised in accordance with this Directive or insurance undertakings which are not authorised in accordance with Directives 73 239 EEC or 2002 83 EC, it shall set the conditions for accepting such claims.

The auditor, whilst highlighting the inconsistency even in relation to Chinese accounting standards of the change in the bad debt provision method, didn t give an answer to the problem with the loan.

Provisions

PROVISIONS

Provisions Revaluation accounts

Remaining assets Remaining assets Remaining assets

Including administrative provisions .

Oh, really, sir? We're provisioned for a week more.

( c ) provisions against risks of a general nature , including without exception provisions against unspecified exchange rate and market price risk .

Prepayments of insurance premiums and reserves for outstanding claims as a liability of total economy, GG, CG, SG, LG, SS and RoW

Prepayments of insurance premiums and reserves for outstanding claims held by total economy, NFCs, MFIs, OFIFAs, OFIs, FAs, HHs and RoW

Provisions 14 .

3 Provisions

Supply stores

6 667.70

Of which provisions

3 ) Including administrative provisions .