– 37 – (1.2 – Other finance matters) R 1339 (C11) Contributory shares for defraying Union expenses The Council, in view of the provisions of Nos. 468B and 480B of the ITU Convention, having taken cognizance of the note by the Secretary-General contained in Document C11/58, resolves to authorize Panasonic Corporation to contribute to defraying Union expenses in the 1/2 unit class for each Sector (ITU-R and ITU-T) with effect from 1 January 2012. Ref.: Documents C11/108 and C11/120. R 1341 (C11) Financial Operating Report for the 2010 Financial Year The Council, in view of No. 101 of the Convention of the International Telecommunication Union and Article 30 of the Financial Regulations of the Union, having examined the Financial Operating Report for the 2010 Financial Year (Document C11/4), covering the audited accounts for the 2010 financial year of the budget of the Union, the situation of the ITU TELECOM 2010 accounts and the audited 2010 accounts for technical cooperation projects, voluntary contributions and the ITU Staff Superannuation and Benevolent Funds, having noted that the External Auditor's reports are set out in Document C11/5, resolves to approve the Financial Operating Report for the Financial Year 2010 (Document C11/4), covering the audited accounts of the Union, the situation of the ITU TELECOM 2010 accounts and the 2010 audited accounts for technical cooperation projects, voluntary contributions and the ITU Staff Superannuation and Benevolent Funds. Ref.: Documents C11/112 and C11/120.