The Fund's Income Position for FY 2017 - Actual Outcome
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- The Fund's Income Position for FY 2017 - Actual Outcome
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Bibliographic details
- Published: September 4, 2018
Summary of outcomes
- Total FY 2017 net income, including income from surcharges, amounted to SDR 1.9 billion.
- This total was about SDR 258 million higher than estimated in April, reflecting mainly a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits).
- GRA net income for FY 2017 was about SDR 1.49 billion and has been placed to the Fund’s reserves.
- In accordance with decisions taken in April 2017, a net transfer of currencies amounting to SDR 1.41 billion was made in August 2017 from the GRA to the Investment Account.
- Precautionary balances reached SDR 16.7 billion at the end of FY 2017.
Financial actions and placements
- Placement of GRA net income to the Fund’s reserves has strengthened the Fund’s precautionary balances.
- The net transfer of SDR 1.41 billion from the GRA to the Investment Account was executed in August 2017 per April 2017 decisions.
Accounting note
- The primary reason for the upward revision of about SDR 258 million relative to the April estimate was a larger than anticipated gain reported under IAS 19 (the accounting standard for employee benefits).
The Fund's Income Position for FY 2017 - Actual Outcome, September 4, 2018
Content in this bundle
- Policy Paper