net intra-Eurosystem liabilities resulting from TARGET transactions (part of liability item 10.3 of the HBS);

net intra-Eurosystem liabilities on euro banknotes in circulation, including those resulting from the application of Article 4 of this Decision.

The net intra-Eurosystem liabilities on euro banknotes in circulation should be included in the liability base for the purposes of the calculation of the NCBs monetary income under Article 32.2 of the Statute as they are equivalent to banknotes in circulation.

The net worth of the assets and liabilities of the European Coal and Steel Community, as they appear in the balance sheet of the European Coal and Steel Community of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as Union assets intended for research in sectors related to the coal and steel industry, referred to as the "European Coal and Steel Community in liquidation".

The net changes in greenhouse gas emissions by sources and removals by sinks resulting from direct human-induced land-use change and forestry activities, limited to afforestation, reforestation and deforestation since 1990, measured as verifiable changes in carbon stocks in each commitment period, shall be used to meet the commitments under this Article of each Party included in Annex I.

7.02 In addition to any fee which may be payable under Article 5, the Guarantors shall, in proportion to their respective shares in Guaranteed Sums, and up to the aggregate limit of 2% of the Default Sum laid down by article 1.01 of the Guarantee, indemnify the Bank for all external expenses reasonably incurred by the Bank. The said limit shall not apply where the Bank gives to the Guarantors prior written notice that it will incur expenses which may exceed the limit but which it believes will increase the net sum recovered. This indemnity shall be limited to expenses for obtaining from third parties advice and services that the staff of the Bank could not reasonably provide. The Bank may deduct such expenses from any amount recovered against any Subrogated Sum. It shall render accounts to the Guarantors. The Guarantors' obligations are conditional upon the Bank having first endeavoured and failed during a period of 90 days to obtain reimbursement of the expenses from the Guaranteed Debtor. The Bank shall continue to seek reimbursement from the Guaranteed Debtor, notwithstanding payment by the Guarantors.

They are recorded in the capital account of the sector/industry as changes in liabilities and net value.

The balance sheets show the total assets and liabilities of the various units at the beginning and end of the accounting period, together with their net worth.

The legislation goes into detail on the services covered, the process for designating operators with specific obligations where this is necessary and the framework for the financing of any net costs relating to these service obligations by market actors.

Accumulation accounts analyse the various components of changes in the assets and liabilities of units and make it possible to record changes in net worth (the difference between assets and liabilities).

This term covers market and non-market services which the public authorities class as being of general interest and subject to specific public service obligations.

calculate the net cost of the universal service obligation, taking into account any market benefit which accrues to an undertaking designated to provide universal service, in accordance with Annex IV, Part A; or

The company also undertakes not to circumvent the undertaking by making compensatory arrangements with any other party which causes the net price paid by the first independent customer in the Community to be below the MIPs.

The net worth of these assets and liabilities, as they appear in the balance sheet of the ECSC of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as assets intended for research in the sectors related to the coal and steel industry, referred to as the "ECSC in liquidation".

The net worth of these assets and liabilities, as they appear in the balance sheet of the ECSC of 23 July 2002, subject to any increase or decrease which may occur as a result of the liquidation operations, shall be considered as assets intended for research in the sectors related to the coal and steel industry, referred to as the "ECSC in liquidation".

The net revenue will be committed to the general budget of the European Union as dedicated revenue and will be transferred from the ECSC in liquidation and, on completion of the liquidation, the Assets of the Research Fund for Coal and Steel when necessary to meet the obligations from the budget line directed to research programmes for sectors related to the coal and steel industry.

Where only one or a limited number of all operators competing in a certain market are charged with public service obligations while the others are not, it may be appropriate to involve all operators active in that market in the financing of the net extra costs of the service of general interest by a system of additional charges or a public service fund.

(a) Net liabilities arising from balances of TARGET accounts and correspondent accounts of NCBs i.e. the net figure of claims and liabilities (see also asset item 'Other claims within the Eurosystem (net)')

Net incurrence of liabilities

Liabilities and net worth

netting out of export commitments,

Changes in liabilities and net worth

Other liabilities within the Eurosystem (net)

Total change in liabilities and net worth

It is recorded on the changes in liabilities and net worth side.

Other liabilities within the Eurosystem (net) Items in course of settlement

Where the swap has a net liability value, it is recorded on the liabilities side, negative net payments increasing the net value (and conversely).

Balance sheets present stocks of assets and liabilities and net worth.

which describe the net acquisition of financial assets or the net incurrence of liabilities for each type of financial instrument.

(a) Net claims arising from balances of TARGET accounts and correspondent accounts of NCBs i.e. the net figure of claims and liabilities (see also liability item 'Other liabilities within the Eurosystem (net)')

Transactions in financial instruments (F) (Net acquisition of financial assets/net incurrence of liabilities)

Recovery of any net costs of universal service obligations

The difference between assets and liabilities is the net worth at the end of the accounting period.

in the case where netting leads to a net obligation for the credit institution calculating the net replacement cost, the current replacement cost is calculated as '0',

Balance sheets are presented with 'liabilities and net worth' (the difference between assets and liabilities) on the right side and 'assets' on the left.

They are recorded in the capital account of the sector/industry as changes in liabilities and net value.

Where such specific measures produce a net cost burden for those consumers concerned, the net effect may be included in any net cost calculation of universal service obligations.

They record the various causes of changes in the assets and liabilities of units and the change in their net worth.

Fourthly, the financial account gives the net acquisition of external financial assets (cell 18, 8) and net lending of the rest of the world (cell 18, 17) in the row, and the net incurrence of external liabilities (cell 8, 18) in the column.

Bearing in mind their WTO commitments (rights and obligations), the Parties agree these non-tariff barriers include but are not limited to matters such as:

Of course, the net incurrence of external liabilities plus net lending of the total economy equals the net acquisition of external financial assets, so that in this account too the balance between row and column totals is maintained.

Comparison of two successive balance sheets shows changes in liabilities and net worth and changes in assets.

(a) there are reasonable grounds for suspecting that the information supplied in compliance with the obligations under the said paragraph 1 is incorrect, (b) there are reasonable grounds for suspecting that the precautions taken are not sufficient to prevent the diversion of scheduled substances to the illicit manufacture of narcotic drugs and psychotropic substances or for believing that the operator or the person responsible in the case of a legal person, does not provide sufficient safeguard against the risk of diversion.

The right side of the accumulation accounts is called 'changes in liabilities and net worth' and their left side is called 'changes in assets'.

Recovery via public funds constitutes one method of recovering the net costs of universal service obligations.

Only the net cost, as determined in accordance with Article 12, of the obligations laid down in Articles 3 to 10 may be financed.

The difference between assets and liabilities - the balancing item in the account - is the net worth at the start of the accounting period.

In undertaking a calculation exercise, the net cost of universal service obligations is to be calculated as the difference between the net cost for a designated undertaking of operating with the universal service obligations and operating without the universal service obligations.

Any net costs of universal service obligations should be calculated on the basis of transparent procedures.

In the table of integrated economic accounts, uses, assets and changes in assets are recorded on the left-hand side, while resources, liabilities, changes in liabilities and net worth are recorded on the right-hand side.