International Monetary Fund Annual Report 2016 Financial Statements

International Monetary Fund

• Publisher: INTERNATIONAL MONETARY FUND
• eBook ISBN:
  9781475522631
• Year: 2016

NONE

Contents

IMF Financial Statements 2014

• General Department
  • Independent Auditors’ Report
  • Consolidated statements of financial position
  • Consolidated statements of comprehensive income
  • Consolidated statements of changes in reserves, resources, and retained earnings
  • Consolidated statements of cash flows
  • Notes to the consolidated financial statements
  • Schedule 1—Quotas, IMF’s holdings of currencies, reserve tranche positions, and outstanding credit and loans
  • Schedule 2—Financial resources and liquidity position in the General Resources Account
  • Schedule 3—Status of arrangements in the General Resources Account
  • Schedule 4—Status of borrowings in the General Resources Account
• SDR Department
  • Independent Auditors’ Report
  • Statements of financial position
  • Statements of comprehensive income
  • Notes to the financial statements
  • Schedule 1—Statements of changes in SDR holdings
  • Schedule 2—Allocations and holdings of participants
• Concessional Lending and Debt Relief Trusts
  • Independent Auditors’ Report
  • Statements of financial position
  • Statements of comprehensive income and change in resources
  • Statements of cash flows
  • Notes to the financial statements
  • Schedule 1—PRG Trust: Schedule of outstanding loans
  • Schedule 2—PRG Trust: Status of arrangements
  • Schedule 3—PRG and PRG-HIPC Trusts: Schedule of borrowing and note purchase agreements
  • Schedule 4—PRG and PRG-HIPC Trusts: Cumulative contributions and resources
  • Schedule 5—PRG Trust: Cumulative contributions to Subsidy Accounts related to distribution of IMF’s General Reserve attributable to windfall gold sales profits
• Other Administered Accounts
  • Independent Auditors’ Report
  • Statements of financial position
  • Statements of comprehensive income and changes in resources
  • Statements of cash flows
  • Notes to the financial statements
  • Schedule 1— Post-SCA-2, SCA-1 /Deferred Charges and Post-EPCA/ENDA Interim Administered Accounts: Balances, contributions, and interest earned
  • Schedule 2—Interim Administered Account for Windfall Gold Sales Profits and Interim Administrative Account for Remaining Windfall Gold Sales Profits: Balances, interest earned, and transfers

Note to readers

The audited financial statements that follow form Appendix VI of the International Monetary Fund’s Annual Report 2014 and can be found, together with Appendixes I through V and other materials, on the Annual Report 2014 web page (www.imf.org/external/pubs/ft/ar/2014/eng). They have been reproduced separately here as a convenience for readers.

The print version of the Report, as well as a CD-ROM version that includes the Appendixes and other ancillary materials, can be obtained through IMF Publication Services at the following address:

International Monetary Fund

Publication Services

P.O. Box 92780

Washington, DC 20090, U.S.A.

E-mail: [email protected]

Internet: www.imfbookstore.org | www.elibrary.imf.org

Telephone: [phone]

Fax: [phone]

When ordering the Annual Report 2014, please specify the desired language. The print version is available in eight languages: Arabic, Chinese, English, French, German, Japanese, Russian, and Spanish. The CD-ROM is available in English only.

The Annual Report can also be found on the IMF’s website, via the Annual Report web page, at the address given above.

Quarterly updates of the IMF’s financial statements are available at www.imf.org/external/pubs/ft/quart/index.htm.

General Department

Deloitte & Touche LLP

Suite 800

1750 Tysons Boulevard

Mclean, VA 22102–4219

USA

Tel: [phone]

Fax: [phone]

www.deloitte.com

Independent Auditors’ Report

To the Board of Governors

of the International Monetary fund

Washington, DC

We have audited’ the accompanying consolidated statements of financial position-of the Genital Department of the International Monetary Fund (“the Department”) as of April 30,2014,2013, and 2012 and the related statements of-comprehensive income, changes In reserves,” resources and retained earnings, and cash Hows for the years ended April 30,2014 and 2013t mid the related notes to the consolidated financial statements.

Management’s Responsibility for the Consolidated Financial Statements

Management is responsible for the preparation and fair presentation of these consolidated financial statements In accordance with International Financial Reporting Standards as issued fey tie International Accounting Standards Board; this includes the design, implementation, and maintenance of internal control. relevant to the preparation and fair presentation of consolidated -financial statements that are free from material misstatement, whether due to fraud or error.

Auditors’ Responsibility

Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and in accordance with International Standards on Auditing, Those standards require that: we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures m the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Department’s preparation end fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Department’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the General Department of the International Monetary Fund at April 30, 2014, 2013 and 2012, and the results of its operations and its cash flows for the years ended April 30. 2014 and 2013, in conformity with International Financial Reporting Standards as issued by the International Accounting Standards Board.

Report on Supplementary information

Our audits were conducted for the purpose of forming an opinion on the financial statements taken as a whole. The supplementary schedules listed on pages 25 to 32 arc presented for toe purpose of additional analysis, and are not a required part of die financial statements. These schedules are the responsibility of the Department’s management and were derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. Such schedules have been subjected to the auditing procedures applied in our audits of the financial statements and certain additional procedures, including comparing and reconciling such schedules directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with international Standards on Auditing and auditing standards generally accepted in the United States of America. In our opinion, such schedules are fairly slated in all material respects in relation to the statements taken as a whole.

July 7, 2014

Member of Deloitte Touche Tohmatsu Limited

General Department Consolidated statements of financial position at April 30, 2014, 2013, and 2012

General Department Consolidated statements of financial position at April 30, 2014, 2013, and 2012

(In millions of SDRs)

The accompanying notes are an integral part of these consolidated financial statements.

¹ Prior year amounts related to employee benefits have been restated to reflect the application of IAS 19 (amended)—see Note 3.

These consolidated financial statements were approved by the Managing Director and Director of Finance ...

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