A provision of ECU 4.6 million was made , representing the bulk of a payment received by the EMI from General reserve fund This represents accumulated undistributed profits from previous years , less any losses incurred .

II ( 5 ) General reserve fund This represents accumulated undistributed profits from previous years , less any losses incurred .

Profit appropriation Profit for the year Allocation to general reserve fund retained profit carried forward

Cumulative Seconds

12 month cumulated net flows

Data on accrued interest

cumulated 12 month data for the balance .

12 month cumulated seasonally adjusted )

Funds arising from non distributed benefits or funds set aside by reporting MFIs in anticipation of likely future payments and obligations are also included .

The ECB 's own funds portfolio reflects the investment of its paid up capital , the general reserve fund and income accumulated on the portfolio in the past . Its purpose is to provide the ECB with a reserve to meet possible losses .

Data on accrued interest Excluded Excluded

Funds arising from non distributed benefits or funds set aside by reporting IFs in anticipation of likely future payments and obligations are also included .

Funds arising from undistributed benefits or funds set aside by reporting OFIs in anticipation of likely future payments and obligations are also included .

Funds arising from nondistributed benefits or funds set aside by reporting OFIs in anticipation of likely future payments and obligations are also included .

Funds arising from undistributed benefits or funds set aside by reporting OFIs in anticipation of likely future payments and obli gations are also included .

Funds arising from non distributed benefits or funds set aside by reporting OFIs in anticipation of likely future payments and obligations are also included .

Reinvested earnings and undistributed profit 2.1.2 .

Funds arising from non distributed benefits or funds set aside by reporting agents in anticipation of likely future payments and obligations are also included .

Capital and reserves For the purposes of the reporting scheme , this category comprises the amounts arising from the issue of equity capital by reporting agents to shareholders or other proprietors , representing for the holder property rights in the MFI and generally an entitlement to a share in its profits and to a share in its own funds in the event of liquidation .

The ECB shall inform the NCBs of the cumulative amounts on a quarterly basis .

However , the ratios of some banks benefited from asset sales and from a reduction in risk weighted assets rather than from either new equity issuance or profit reserving .

Lives versus Profits

Reinvested earnings 1.1.2.1 .

Reinvested earnings 1.2.2.1 .

The ECB shall inform the NCBs of the cumulative amounts on a quarterly basis .

Accrued interest is excluded from the loan to which it relates .'

Accrued interest is excluded from the deposit to which it relates .'

This appears primarily to have reflected the unwinding of pre turmoil asset accumulation .

and undistrib .

See also List of municipalities in Minas Gerais References

Foreign reserves

Reserve ratio

Reserve ratios

For deep discounted and zero coupon bonds accrued interest is calculated .

1 Developments with regard to the Danish krone , the Swedish krona and the pound sterling can be found in Chapter III .

Non distributed benefits or funds .

Dividends and distributed profit 2.1.1.2 .

In 2004 and 2005 the share increased by a cumulative 5.7 percentage points .

Allocation of net profits and losses of the ECB

Based on cumulated flows over the first three quarters of 2005 , the United Kingdom and the new EU Member States were the main recipients of euro area direct investment .

On the Y axis is the cumulative instances of contagion, and on the X axis is the time.

Interest income on foreign reserve assets is disclosed net of interest expense on foreign reserve liabilities as follows 2001 Euros Gross interest income on foreign reserve assets 2000 Euros

DISTRIBUTION OF PROFITS , NCBs CAPITAL AND FINANCIAL PROVISIONS With regard to profit allocation , an NCB 's statutes may prescribe how profits are to be allocated .

reserves .

Reserve assets 5.1 .