Changes in assets

changes in assets and liabilities due to exceptional, unanticipated events;

Changes in assets are recorded on the left-hand side of the accounts (plus or minus), changes in liabilities and net worth on the right-hand side (plus or minus).

overstepping of appropriations, taking account of changes resulting from transfers duly authorised within the draft budget;

(1) The President of the European Patent Office shall implement the budget and any amending or supplementary budget on his own responsibility and within the limits of the allocated appropriations.

Consistent supervision over the application of the criteria for founding and operating the companies employing people with disabilities, over the organisational and ownership changes as well as over the use of the set-aside national support funds.

(5) In order to maintain unchanged the amount of financial resources put at the disposal of the Communities, it is appropriate to adapt those ceilings expressed in per cent of GNI in case of modifications to the ESA 95 which entail a significant change in the level of GNI.

Recognizing that the processes of globalization and social transformation, alongside the conditions they create for renewed dialogue among communities, also give rise, as does the phenomenon of intolerance, to grave threats of deterioration, disappearance and destruction of the intangible cultural heritage, in particular owing to a lack of resources for safeguarding such heritage,

The amount of EUR 286 million referred to in Article 1(2)(a)(ii) shall be allocated according to the Council Decision to be taken before 31 December 2007 amending the Association Decision pursuant to Article 187 of the Treaty, of which EUR 256 million to finance national and regional indicative programmes, and EUR 30 million in the form of an allocation to the EIB to finance the Investment Facility in accordance with the Association Decision.

(xx) Employing weapons, projectiles and material and methods of warfare which are of a nature to cause superfluous injury or unnecessary suffering or which are inherently indiscriminate in violation of the international law of armed conflict, provided that such weapons, projectiles and material and methods of warfare are the subject of a comprehensive prohibition and are included in an annex to this Statute, by an amendment in accordance with the relevant provisions set forth in articles 121 and 123;

The partners shall support such changes of the health care system which would be based on greater solidarity in providing the funds for medical rights, introduced by reform, as well as greater fairness in their distribution, equal access to medical rights for all users, increase of such access, greater transparency and consequently, shorter waiting lists for medical treatment, better quality and efficiency of the health care system, a more active role on the part of users and better supervision.

Other changes in assets

Total changes in assets

Consideration is being given to extending this sequence of accounts to include certain items (flows) in the account "other changes in assets" in the accumulation accounts (i.e. certain headings under "other changes in the volume of assets" and the revaluation account) and the balance sheet.

changes in classification or structure of fixed assets:

GFCF and change in the value of assets

These changes are recorded in the "other changes in the volume of assets" account.

Gross capital formation is recorded as a use (a change in assets) in the capital account.

The other changes in the volume of assets are flows which make it possible to record the discovery, deterioration or depletion of natural assets as well as the consequences of exceptional events which may modify the benefit drawn from assets.

Exceptional and catastrophic losses of goods in inventories have to be recorded in the accumulation accounts, namely in the "other changes in the volume of assets" account.

The balance sheet, which provides an itemised list of the values of the assets held and commitments entered into, provides information on the different components of the change in the value of assets.

As shown in 2.134, measuring the GFCF for livestock only constitutes one element of the change in the value of assets.

These nominal holding gains and losses and other changes in volume(33) should not be included in the measurement of output, but in the account of other changes in assets (respectively, in the revaluation account and in the other changes in the volume of assets account).

Losses (whether recurrent, exceptional or catastrophic) of fixed assets (such as dairy cows, breeding animals, etc.) should be recorded in "other changes in the volume of assets" account.

2. dotations and donations from domestic and foreign persons and foreign countries;

Accumulation accounts analyse the various components of changes in the assets and liabilities of units and make it possible to record changes in net worth (the difference between assets and liabilities).

changes in the classification of fixed assets, i.e. changes in their economic use, as in the case of farming land or buildings converted for private use or a different economic use.

They provide a link between the different components of the change in the value of assets and the GFCF, and ensure conformity with the ESA 95.

This depreciation surplus should be recorded in the "other changes in volume of assets" account (accumulation accounts) which is not included in EAA.

In particular, the consumption of fixed capital does not include other changes in the volume of assets (other than those due to GFCF):

Disposals of fixed assets comprise the sale, demolition, scrapping or destruction of fixed assets by their owner, or their surrender in barter or as capital transfers in kind (cf. ESA 95, 3.103(b) and 3.104).

If a change in ownership results in a different use (i.e. no longer as capital assets), there is a reduction in the capital assets of the national economy.

During the budgetary procedure, the Commission shall provide the necessary information for a comparison between changes in the appropriations required and the initial forecasts made in the financial statements.

"freezing of funds" means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

"freezing of funds" means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

It can also be defined as being the total of the consumption and change in value of assets held over a given period, all other things being equal, as income represents what could have been consumed.

"freezing of funds" means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

GFCF and consumption of fixed capital (cf. 3.098 to 3.106) are therefore not the only elements to take into account when analysing the change in the value of assets.

The consumption of fixed capital is only one component of the change in the value of assets (together with GFCF, other changes in volume and nominal holding gains (net of losses);

The terms "other losses of productive livestock" and "culling discount" correspond to flows which are recorded in the "other changes in the volume of assets" account of the balance sheet.

Whether made in cash or in kind, they should result in a commensurate change in the financial, or non-financial, assets shown in the balance sheets of one or both parties to the transaction (cf. ESA 95, 4.145).

"Fixed asset" livestock are in fact converted into stocks by recording a flow entitled "other change in volume" (cf. 2.136) entered in the "other changes in volume of assets" account.

It should be stressed that losses affecting plantations which are already producing have to be recorded either as "fixed capital consumption" or as "other changes in the volume of assets", depending on the type of loss.

other changes in "volume" which take account of the effects of unforeseen events on plantations (such as exceptional grubbings) and which are recorded in the "other changes in volume of assets" account (cf. the definition in 2.136 and 2.146),

The distinction made in the ESA 95 between current accounts and the capital account enables maximum potential consumption to be studied using the measure of consumption and saving in the current accounts and that of the change in the value of assets in the capital account.

The SNA 93 specifies that improvements made to fixed assets should be determined either by the magnitude of the changes in the characteristics of the fixed assets - i.e. by major changes in their size, shape, performance, capacity or anticipated service life - or by the fact that improvements are not the kinds of changes that are observed to take place routinely in other fixed assets of the same kind, as part of ordinary maintenance and repair programmes (cf. SNA 93, 10.49).

The breakdown of contributions among the Contracting Parties shall be determined each year, taking into account the cooperating States' contributions, on the basis of each Contracting Party's share of own resources in the European Communities' VAT resources, as established by the last amendment to the Community budget for the preceding financial year.

Nominal holding gains (net of losses) correspond to holding gains (net of losses) accumulated during the period considered and resulting from a change in the price of the asset whose economic and physical (quantitative and qualitative) characteristics remain unchanged over the period concerned.

To allow Member States sufficient time to draw up their projected financing plans for 2004 for measures to promote a switch of production, the deadline for 2004 for notification of the plans to the Commission and, consequently, that for the definitive allocation of resources among Member States, should be postponed on the same terms as in 2003.

Commission Regulation (EC) No 480/2004 of 15 March 2004 amending Regulation (EC) No 2182/2002 as regards a derogation for 2004 from both the deadline for the notification of the projected financing plans for measures financed by the Community Tobacco Fund and the deadline for the definitive allocation of resources from the Fund among Member States