Annexes to COM(2000)519 - Draft Decision of the representatives of the governments of the Member States of the ECSC, meeting within the Council concerning the financial consequences of the expiry of the Treaty establishing the ECSC - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(2000)519 - Draft Decision of the representatives of the governments of the Member States of the ECSC, meeting within the Council ... |
|---|---|
| document | COM(2000)519  |
| date | February 1, 2003 |
Procedures to be followed to establish the amount of net revenue to be allocated to the Research Fund for Coal and Steel
1. INTRODUCTION
Net revenue which may be used to finance research projects corresponds to the annual net result of the ECSC in liquidation and subsequently, when liquidation has been completed, to the annual net result of the Assets of the Research Fund for Coal and Steel. The method employed consists of establishing the funding for coal and steel research for year n+2 when producing the balance sheet for year n, taking into account half of the increase or decrease in the net result in relation to the last level of funding adopted for coal and steel research.
2. DEFINITION
n: reference year
Rn: net result for year n
Pn: contingency provision for year n
Dn+1: allocation for research for year n+1 (established when the balance sheet for year n - 1 is produced)
Dn+2: allocation for research for year n+2
3. ALGORITHMS USED
The algorithms used to establish the size of the contingency provision and the allocations for research for year n+2, which will appear in the balance sheet for year n, are as follows:
3.1. size of contingency provision:
>REFERENCE TO A GRAPHIC>
3.2. allocations for research for year n+2 (rounded up or down to the nearest EUR 100000. If the calculation gives a result exactly halfway, the allocation shall be rounded up to the nearest EUR 100000):
>REFERENCE TO A GRAPHIC>
Where appropriate, the amount needed for rounding up (or the amount left over from rounding down) will be taken from (or returned to) the contingency provision.