The cumulative balance of currency translation as at 31 December 2008 is represented by:

The cumulative balance of currency translation as at 31 December 2006 is represented by:

The cumulative balance of currency translation as at 31 December 2005 is represented by:

The cumulative balance of currency translation as at 31 December 2007 is represented by:

Cash account balances and currency purchase procedures have not been formally documented because of the lack of formal contracts.

In addition, the sudden import increase created balance-of-payments problems, currency devaluations and ultimately higher consumer prices.

Residual balances in United States dollars (where the local currency balance is zero) would be cleared to foreign exchange gain/loss in 2008.

Assets, liabilities, reserves and fund balances held in other currencies are translated at the applicable United Nations operational rate of exchange at the date of the statement.

Assets, liabilities, reserves and fund balances held in other currencies are translated at the applicable United Nations operational rate of exchange at the date of the statement.

(c) Net loss of €12,926 from gains and losses on exchange resulting from foreign currency translations and revaluations of foreign currency account balances;