pensions - AAFI-AFICS, Geneva - UNOG

ASSETSAAFI-AFICSBALANCE SHEET AS AT 31 December 2008(Expressed in Swiss Francs)LIABILITIESSolidarity Fund:Bank 39,138.36 Balance at 1.1.2008 25,990.54Donations 675.9526,666.49Cash 515.00 less: Net payments 9,944.30Balance at 31.12.2008 16,722.19Postal Account 7,858.33 Reserve for unused portion of lifemembers' contributionBalance at 1.1.2008 362,648.15Deposits with MEC 266,584.10 Received 32,837.44395,485.59less: 1/25 transferred to income 31,415.00Investments at cost 349,639.30 Balance at 31.12.2008 364,070.59Note: The market value at 31.12.08 wasCHF329,433SurplusBalance at 1.1.2008 305,629.89less: Excess of expenditure over income 19,972.63Recoverable withholding tax 2,714.95 Balance at 31.12.2008 285,657.26TOTAL 666,450.04 TOTAL 666,450.04AAFI-AFICSMarket Value of Investments at 31 December 2008(as Per UBS Statement)Accounts Cost Price Value CHF Value CHFUBS Time Deposits :CHF 20000 - 2.125% to 05.02.2011 20,000.00 20,379CHF 50000 - 2.50% to 15.10.2013 50,300.00 50,260CHF 40000 - 2% to 3.2.2013 40,168.00 40,727CHF 20000 - 2.5% to 4.8.2013 20,000.00 20,203 131,569Other Bonds :US Dollar 10,000 13,206.05 11,763Energie Ouest SuisseCHF 30000 - 4% to 10.2.2009 30,773.55 31,151 42,914UBS Funds:Strategy Fund Yield - 966.97 units 121,956.20 107,574Strategy Fund Balanced - 92 units 14,763.40 11,803Property Fund - 459 units 38,472.10 35,573 154,950TOTAL 349,639.30 329,43355