This document contains the financial statements for the biennium 2004−2005, which have been audited by the United Nations Board of Auditors. The Board’s draft report is provided in document FCCC/SBI/2006/14 and comments by the secretariat thereon are presented in document FCCC/SBI/2006/14/Add.1. The Subsidiary Body for Implementation may wish to propose appropriate actions to be included in draft decisions on administrative and financial matters to be adopted by the Conference of the Parties at its twelfth session and the Conference of the Parties serving as the Meeting of the Parties to the Kyoto Protocol at its second session.