The Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol, by its decision 13/CMP.1, requested the secretariat to begin publishing annual reports containing the initial accounting parameters that were recorded in the compilation and accounting database after the completion of the initial reviews under Article 8 of the Kyoto Protocol for Parties to the Convention that are also Parties to the Kyoto Protocol with commitments inscribed in Annex B to the Kyoto Protocol (Annex B Parties). This document contains the first such report. It shows the status of submission and review of the initial reports of Annex B Parties and their eligibility to participate in the flexibility mechanisms under the Kyoto Protocol. The document also provides information on base year emissions, assigned amounts, annual emissions of greenhouse gases from sectors listed in Annex A to the Kyoto Protocol, parameters for forest definition, and the election of, and accounting period for, land use, land-use change and forestry activities under Article 3, paragraphs 3 and 4, of the Kyoto Protocol.