This link is formalised in the accounting practice which puts uncovered pension liabilities on the sponsoring firm's balance sheet.
Pension funds thereby consider both the asset and the liability side of the balance sheet in their investment decisions.
The theme is the balance sheet between growth in human population and growth in food production.
From a political point of view, the balance sheet has been more positive.
As noted earlier, the sign of depends on the relative importance of balance sheet effects.
In modern accounting terms, they are a combination of a profit and loss balance sheet and an income and expenditure report.
It is difficult, if not impossible, to produce a balance sheet of changes against continuities so as to produce an overall assessment.
The funds' balance sheet liabilities, in turn, reflect the age profile of the funds' membership and expected benefits payouts.
