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"B COMMISSION REGULATION (EC) No 2234/2000
of 9 October 2000
fixing depreciation percentages to be applied when agricultural products are bought in, for the 2001
financial year
(OJ L 256, 10.10.2000, p. 11)
Amended by:
Official Journal
No page date
"M1 Commission Regulation (EC) No 151/2001 of 25 January 2001 L 24 12 26.1.20012000R2234 — EN — 01.10.2000 — 000.001 — 1
COMMISSION REGULATION (EC) No 2234/2000
of 9 October 2000
fixing depreciation percentages to be applied when agricultural products
are bought in, for the 2001 financial year
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,Having regard to Council Regulation (EEC) No 1883/78 of 2 August 1978
laying down general rules for the financing of interventions by the European
Agricultural Guidance and Guarantee Fund, Guarantee Section (
1), as last
amended by Regulation (EC) No 1259/96 (2), and in particular Article 8(1)
thereof,
Whereas:(1) Pursuant to Article 8 of Regulation (EEC) No 1883/78, systematic
depreciation of public intervention agricultural products must takeplace when they are bought in. Accordingly the Commissiondetermines the depreciation percentage for each product concerned
before the beginning of each year. Such percentage shall not exceed
the difference between the buying-in price and the foreseeable disposalprice for each of these products.
(2) Pursuant to Article 8(3) of Regulation (EEC) No 1883/78, the
Commission may, at its discretion, restrict depreciation at the time of
buying in to a proportion of this depreciation percentage, but such
proportion may not be less than 70 %. Coefficients to be applied alsofor the 2001 financial year by the intervention agencies to the monthlybuying-in values of products should be fixed, to enable the agencies to
establish the depreciation amounts.
(3) The measures provided for in this Regulation are in accordance with
the opinion of the EAGGF Committee,
HAS ADOPTED THIS REGULATION:
Article 1
In respect of the product listed in the Annex, which, having been bought in by
public intervention have entered store or been taken over by the intervention
agencies between 1 October 2000 and 30 September 2001, the authoritiesshall depreciate their value to account for the difference between thebuying-in prices and the foreseeable selling prices of the relevant products.
Article 2
To establish the amount of the depreciation, the intervention agencies shall
apply to the values of the products bought in every month the coefficients set
out in the Annex.
The expenditure amounts determined in this way shall be notified to the
Commission under the declarations established pursuant to Commission
Regulation (EC) No 296/96 (
3).
Article 3
This Regulation shall enter into force on the seventh day following its
publication in the Official Journal of the European Communities .
It shall apply from 1 October 2000 onwards.This Regulation shall be binding in its entirety and directly applicable in all
Member States.!B
(1) OJ L 216, 5.8.1978, p. 1.
(2) OJ L 163, 2.7.1996, p. 10.
(3) OJ L 39, 17.2.1996, p. 5.2000R2234 — EN — 01.10.2000 — 000.001 — 2
ANNEX
‘k’ depreciation coefficients (Article 8(3) of Regulation (EEC) No 1883/78) to be applied to the monthly buying-in values
Product k
Breadmaking common wheat 0,03
Barley 0,03
Rye 0,20
Maize 0,16
Sorghum 0,16
Paddy rice 0,30
Butter 0,40
Skimmed-milk powder 0,10
Alcohol 0,70
Beef and veal quarters 0,40
Boned beef and veal 0,40!B
!M12000R2234 — EN — 01.10.2000 — 000.001 — 3