31. 12. 85 Official Journal of the European Communities No C 360/1 
I 
(Information) 
COURT OF AUDITORS 
Report of the Court of Auditors of the European Communities on the financial statements of 
the European Coal and Steel Community as at 31 December 1984 
(85/C 360/01) 
1. This report deals with the regularity of the accounting operations and the financial 
management of the Commission (High Authority) in accordance with Article 78f (5) of the Treaty 
establishing the European Coal and Steel Community, as amended by Article 8 of the Treaty of 
22 July 1975 amending certain financial provisions of the Treaty establishing the European 
Communities and of the Treaty establishing a single Council and a single Commission of the 
European Communities. 
2. The Court has examined the accounting and the financial statements of the European Coal 
and Steel Community as at 31 December 1984. This examination was carried out in accordance 
with generally accepted auditing standards and included the audit procedures considered 
necessary. 
3. In the opinion of the Court the attached financial statements (balance sheets at 
31 December 1984 and 31 December 1983, profit and loss accounts for the years ending 
31 December 1984 and 31 December 1983, allocation of profit for the years ending 31 De­
cember 1984 and 31 December 1983) drawn up in accordance with generally accepted accounting 
principles (and in particular the directives published by the Council), give a true and fair view of the 
financial position of the European Coal and Steel Community as at 31 December 1984 and of the 
results of its operations for the year ending at that date. 
No C 360/2 Official Journal of the European Communities 31. 12. 85 
ECSC FINANCIAL STATEMENTS 
Balance sheets at 31 December 1984 and 31 December 1983 
(Amounts expressed in ECU) 
Before allocation of profit 
Assets 
Cash in hand and balances with central banks 
Balances with credit institutions 
— repayable on demand 
— with agreed maturity dates or periods of notice 
Debt securities held in portfolio (notes 2 and 3) 
Loans outstanding (note 4) 
Issuing costs and redemption premiums for amortiz­
ation 
Bank deposits for coupons and bonds due but not yet 
presented for payment 
Land and buildings (note 5) 
Other assets (note 6) 
Accruals and deferred income (note 7) 1984 
1 709 396 
42 805 402 
1018 812 461 
619 248 668 
7 161 948 902 
72 651 843 
51 220 169 
469 126 
114 938 841 
215 168 904 
9 298 973 712 1983 
(according to new 
accounting methods 
- see note 1) 
39 020 734 
27 334 442 
890 768 726 
437 644 829 
6 646 152 831 
41 338 595 
37 499 892 
453 319 
129 371 754 
203 940 097 
8 453 525 219 
The notes on pages 6 to 13 are an integral part of these financial statements. 
31. 12. 85 Official Journal of the European Communities No C 360/3 
Before allocation of profit 
Liabilities 
Coupons and bonds due but not yet presented for 
payment 
Amounts owed to credit institutions: 
— repayable on demand 
— with agreed maturity dates or periods of notice 
Long-term and medium-term debts (note 8) 
Other liabilities 
Accruals and deferred income (note 9) 
Commitments for ECSC operating budget (notes 2 
and 10) 
— legal commitments 
— provision for commitments to be implemented 
Total liabilities towards third parties 
Provisions for the financing of the ECSC operating 
budget for the financial year (note 11) 
Reserves (note 12) 
— guarantee fund 
— special reserve 
— former pension fund 
Profit brought forward 
Profit for the financial year 1984 
51 220 169 
44 195 479 
7 118 762 833 
1 448 496 
415 224 972 
700 600 303 
186 176 545 
8 517 628 797 
113 200 000 
380 000 000 
163 000 000 
44 742 334 
587 742 334 
78 665 
80 323 916 
9 298 973 712 1983 
(according to new 
accounting methods 
- see note 1) 
37 499 892 
2 760 832 
6 651590 
6 539 006 887 
74 355 141 
327 389 285 
618 479 306 
146 361 287 
7 752 504 220 
106 000 000 
340 000 000 
156 500 000 
43 772 724 
540 272 724 
88 651 
54 659 624 
8 453 525 219 
No C 360/4 Official Journal of the European Communities 31. 12. 85 
Profit and loss accounts for the years ending 31 December 1984 and 31 December 1983 
(Amounts in ECu) 
Expenditure 
Interest payable 
Issuing costs and redemption premiums 
Commission payable 
Capital losses on securities 
Charges for value adjustments in respect of securities 
Other financing costs 
Charges for values adjustments in respect of claims 
Administrative expenditure (fixed amount) (note 13) 
Expenditure relating to fines, deposits and levies 
(note 16) 
Legal commitments of the financial year (notes 2 and 
10) 
— Redeployment 
— Social measures in connection with the restructur­
ing of the steel industry 
— Social measures in connection with the restructur­
ing of the coal industry 
— Research 
— Interest subsidies 
(Article 54) 
— Interest subsidies 
(Article 56) 
— Coking coal and metallurgical coke 
— Parity charges for legal commitments 
Allocation to provisions for commitments to be 
implemented (notes 2 and 10) 
Other expenditure 
Total expenditure 
Profit for the financial year 1984 
625 889 826 
21 806 582 
5 053 521 
221 332 
— 
349 365 
73 802 823 
5 000 000 
1 745 935 
140 000 000 
62 500 000 
60 000 000 
39 190 401 
6 243 389 
34 018 024 
6 000 000 
87 238 
55 365 906 
1 980 754 
1 139 255 096 
80 323 916 
1 219 579 012 1983 
(according to new 
accounting methods 
- see note 1) 
588 033 104 
21 913 444 
4 968 803 
1 705 059 
9 200 306 
563 987 
69 227 095 
5 000 000 
10 816 427 
125 000 000 
50 000 000 
50 521 967 
3 973 000 
6 972 796 
6 000 000 
426 018 
49 169 157 
— 
1 003 491 163 
54 659 624 
1058 150 787 
The notes on pages 6 to 13 are an integral part of these financial statements. 
31. 12. 85 Official Journal of the European Communities No C 360/5 
Revenue 
Interest receivable (note 14) 
Issuing and redemption premiums 
Gains on own bonds (notes 2 and 3) 
Gains on other securities 
Income from value adjustments in respect of securities 
Other financial revenue 
Exchange gains, net 
Income from value adjustments in respect of claims 
Levy (note 15) 
Fines (note 16) 
Deposits in accordance with Decision No 3717/83 
Contributions from the General Budget of the 
European Communities (note 17) 
Cancellations of legal commitments (note 10) 
Cancellations of legal commitments not yet im­
plemented (note 10) 
Other revenue 1984 
803 287 504 
11353 320 
2 317 031 
8 176 734 
4 066 438 
788 244 
2 635 040 
54 227 460 
136 761312 
41 739 644 
414 489 
122 500 000 
15 712 352 
15 550 648 
48 796 
1 219 579 012 1983 
(according to new 
accounting methods 
- see note 1) 
759 124 606 
11 893 357 
11392 790 
7 994 886 
— 
530 353 
5 173 916 
794 896 
136 839 095 
64 980 095 
— 
50 000 000 
5 732 160 
1 567 276 
2 127 357 
1 058 150 787 
Allocation of profit for the years ending 31 December 1984 and 31 December 1983 
(Amounts in ECU) 
Profit not allocated at 1 January 
Profit for the year to be allocated 
Allocations: 
Guarantee fund 
Special reserve 
Former pension fund 
To provisions for the financing of the ECSC operating 
budget 
To the heading 'fines to be allocated to the financing 
of the ECSC operating budget' 
Profit not allocated at 31 December 1984 
78 665 
80 323 916 
80 402 581 
40 000 000 
2 000 000 
896 934 
3 800 000 
33 600 000 
80 296 934 
105 647 1983 
(according to new 
accounting methods 
- see note 1) 
88 651 
54 659 624 
54 748 275 
40 000 000 
6 500 000 
969 610 
7 200 000 
— 
54 669 610 
78 665 
The notes on pages 6 to 13 are an integral part of these financial statements 
No C 360/6 Official Journal of the European Communities 31. 12. 85 
Notes to financial statements 
at 31 December 1984 and 31 December 1983 
(Amounts given in ECU) 
1. Presentation of financial statements 
The European Coal and Steel Community (ECSC) was established by the Treaty of 18 April 1951. 
According to the Treaty, the task of the ECSC is to contribute to the economic expansion of the 
Member States through the establishment of a common market for coal and steel. Most of the 
ECSC's funds come from levies, borrowings raised on the financial markets and direct bank loans. 
In the financial statements at 31 December 1984, several changes have been made in the order of 
presentation and the wording of the accounts, in order to clarify their content. Changes have also 
been made in the accounting methods for the closure of accounts at 31 December 1984 and are 
explained in Note 2. For purposes of comparison, the figures for the financial year 1983 have been 
amended accordingly and therefore differ from those given in the approved and published 
statements. 
ECSC accounts are kept in the various currencies used for its financial activity. The financial 
statements are expressed in ECU. 
The following rates for 1 ECU have been used for converting balance sheet amounts expressed in 
currency into ECU. 
Convertible Belgian and Luxembourg franc 
German mark 
Dutch guilder 
Pound sterling 
Danish krone 
French franc 
Italian lire 
Irish pound 
Greek drachma 
u.a. 
US dollar 
Swiss franc 
Canadian dollar 
EMU 
Japanese yen 31 December 
1984 
44,7168 
2,23176 
2,51853 
0,609846 
7,98805 
6,83069 
1371,10 
0,715023 
91,0428 
0,450111 
0,708946 
1,83830 
0,935808 
0,609770 
178,052 1983 
46,0969 
2,25748 
2,53713 
0,570600 
8,18269 
6,90358 
1371,99 
0,728961 
81,7773 
0,441732 
0,827370 
1,80408 
1,03024 
0,616797 
191,743 
2. Summary of accounting policies 
2.1. Changes in accounting methods 
The changes in accounting methods detailed below were introduced in 1984: 
ECSC securities repurchased 
The ECSC no longer enters the profit accrued at 31 December on own bonds repurchased which 
mature during the following financial year. The profit is now entered at the annual due date; at 
31 December 1984 this change in method reduced the result for the financial year by 10 860 213 
compared with the figures that would have resulted if the previous method had been applied. In 
31. 12. 85 Official Journal of the European Communities No C 360/7 
view of the fact that this change in method had a significant impact on only one year, it was decided 
not to amend the 31 December 1983 figures for the items concerned. 
ECSC operating budget 
(a) Commitments for the financial year 
Since 1 January 1984 the ECSC has entered as expenditure all the commitments for the 
financial year, making a distinction between legal commitments for the year and commitments 
still to be implemented (corresponding to Commission decisions which have not yet led to a 
contract with the recipient of the assistance). According to the previous accounting method, 
commitments where no payments had yet been made to the recipients were recorded directly as 
allocations of the profit. 
This change has been introduced for the sake of harmonization with the accounting methods 
currently in force for the implementation of the ECSC operating budget, the criteria used for 
the latter being not the payment of financial assistance but the commitment to do so. 
This change in method led to a fall of 121 926 806 in the 1984 figure (1983: 82 015 198). 
(b) Fines 
There is a difference in the accounting methods for fines between the ECSC financial 
statements and the rules for implementing the ECSC operating budget. 
For the implementation of the ECSC operating budget, fines are entered under resources when 
they are actually paid. In its financial statements, the ECSC enters fines imposed during the 
financial year, whether paid or not, under revenue for the financial year. Beginning with 1984, 
an allocation for fines to be paid has gradually been built up in order to compensate for this 
difference in timing. 
The figure to be entered in the 1985 budget will be included after allocation under the heading 
'provisions for the financing of the ECSC operating budget'. The figures to be entered in the 
budget after 1985 will be entered after allocation of the profit under the heading 'fines to be 
allocated to the financing of the ECSC operating budget'. 
Conversion rates 
Since 1 January 1984, operations in currency have been expressed in ECU in the profit and loss 
account according to a monthly rate and not, as previously, a daily rate. 
2.2. Other accounting methods 
The balances in currency are included in the balance sheets at the rates of exchange for the ECU as 
at 31 December. The conversion differences due to the revaluation of the opening balance at the 
rates of exchange for the ECU at year-end are deferred and entered under accruals and deferred 
income. On the other hand, the conversion differences relating to operations for the year are 
included in the profit and loss accounts. 
Securities held are valued at the lower of the average cost or market value. 
Value adjustments are made in the accounts in respect of loans and other claims to allow for the 
potential risks of default or non-recovery. 
Post-maturity interest due to the ECSC on loans and fines imposed are kept under review, but are 
not entered in the accounts until payment is received. 
3. Debt securities held in portfolio 
The portfolio is made up mainly of government bonds and repurchased ECSC bonds. 
At 31 December 1984, the gross book value repurchased ECSC bonds in portfolio was 117 652 726 
(1983:91792 402). 
No C 360/8 Official Journal of the European Communities 31. 12. 85 
4. Loans outstanding 
This item mainly covers the balance due but not yet payable on loans made to undertakings in the 
steel industry and coal mining in the Member States and loans granted to undertakings to finance 
conversion. These loans are paid out of borrowed funds and total 6 982 955 475 (1983: 
6 476 751 743). Repayments due on the loans but not yet paid at 31 December are entered under the 
heading 'other assets'. 
These loans are usually secured by guarantees from the Member States, banks or undertakings and 
by mortgages. 
Cumulative value adjustments at 31 December 1984 amounted to 148 339 364 
(1983:117 435 323). 
This item also includes loans financed from the ECSC's own funds, as follows: 
Loans paid from the special reserve for financing 
subsidized housing 
Loans paid from the pension fund to officials of the 
European Communities for the construction of 
housing 
Loans paid from the pension fund for the Friuli steel 
industry 
Loans paid for technical and economic research 
Loans paid for redeployment 31 December 
1984 
152 017 095 
23 087 490 
2 297 425 
1 489 747 
101 670 
178 993 427 1983 
143 426 813 
21616 616 
2 623 926 
1 614 045 
119 688 
169 401 088 
5. Land and buildings 
The ECSC owns a building in Washington DC, entered in the ECSC books at 469 125. 
Another building in Paris (purchased in 1958 for FF 1 679 311) is held jointly with the European 
Atomic Energy Community and the European Economic Community. It is entered in the ECSC 
books at a token value of 1 ECU. 
6. Other assets 
Levy receivable 
Member States' contributions receivable 
Fines receivable (note 16) 
Loans, payments due and not received 
Other 
Cumulative value adjustments 31 December 
1984 
8 323 547 
6 786 429 
121 146 184 
16 954 232 
5 280 050 
158 490 442 
(43 551601) 
114 938 841 1983 
10 162 455 
8 386 588 
88 384 957 
73 569 511 
3 748 522 
184 252 033 
(54 880 279) 
129 371 754 
The item 'levy receivable' includes 3 524 838 (1983: 5 709 885) in respect of coal in stock, payment 
of which has been temporarily suspended under a general decision taken in 1972. In addition, 
1 545 749 (1983: 1 955 917) relates to claims on debtors against whom legal proceedings have been 
instituted. 
31. 12. 85 Official Journal of the European Communities ^oC^360^9 
The^cumulativevalue adjustments^ referto the items ^levyreceivable^gfinesreceivable^and Sloans, 
payments due and not received^ 
7^ Accruals and deferred income (assets) 
This item comprises mostly interest on loans, time deposits and the portfolio ofbonds, accrued but 
not due, amounting to 193 305 910 (1983 175736 629) together with levies declared for 
November and lOecember but not payable until after 31Uecember 
8D Eongterm and med^umterm debts 
The debt consists of private and public bond issues maturing between 1985and 2001 
9^ Accruals and deferred income (Eiabdities) 
This item comprises mostly interest and commission on borrowings accrued but not yet due at 
31 December 1984 amounting to 294 281382 (1983 277 189026)^ 
The exchange differences arising from the revaluation of the opening balances at the ECO rate of 
exchange for the year end, amounting to 67 998 849, are also included in this item 
(1983 43614453) 
10 commitments for E^C^ operating budget 
In 1984, commitments for the EC^C operating budget were as follows 
movements for!984 
Redeployment 
Social measures, 
steel industry 
Social measures, 
coal industry 
Research 
Subsidies 
Article 54 
Subsidies 
Article 56 
Coking coal 
Total Commitments 
at 
31 12 1983 
291 069 201 
188 938 903 
84 230 990 
20 194 653 
30 700 359 
3 345 200 
618 479 306 Legal 
Commitments 
140 000 000 
62 500 000 
60 000 000 
39 190 401 
6 243 389 
34 018 024 
6 000 000 
347 951 814 Caneellations 
(13 105 567) 
(1 996 217) 
(74 200) 
(536 368) 
(15 712 352) Payments 
(88 453 361) 
(93 796 717) 
(35 055 822) 
(9 533 006) 
(17 366 797) 
(6 000 000) 
(250 205 703) Parity 
changes 
79 443 
63 
8715 
(983) 
87 238 Commitments 
at 
31 12 1984 
329 589 716 
157 642 186 
60 000 000 
86 369 415 
16 839 551 
46 814 235 
3 345 200 
700 600 303 
No C 360/10 Official Journal of the European Communities 31. 12. 85 
2. Provision for commitments to be implemented 
movements for 1984 
Social measures, 
steel industry 
Social measures, 
coal industry 
Research 
Subsidies 
Article 54 
Subsidies 
Article 56 
Total Commitments 
at 
31. 12. 1983 
15 437 113 
19 164 230 
111759 944 
146 361 287 Decisions 
62 500 000 
60 000 000 
50 896 320 
20 921 400 
63 000 000 
257 317 720 Transfers 
to legal 
commitments 
(62 500 000) 
(60 000 000) 
(39 190 401) 
(6 243 389) 
(34 018 024) 
(201 951 814) Cancellations 
(270 900) 
(15 279 748) 
(15 550 648) Total 
movements 
11435 019 
14 678 011 
13 702 228 
39 815 258 Commitments 
at 
31. 12. 1984 
26 872 132 
33 842 241 
125 462 172 
186 176 545 
11. Provision for the financing of the ECSC operating budget 
In 1984 provisions were as follows: 
— Allocation to the operating 
budget of income from 
interest 
— Provisions for 'budgetary 
contingencies' 
— Surplus for the budgetary 
year Provisions at 
31.12.1983 before 
allocation of the 
profit for 1983 
80 000 000 
26 000 000 
106 000 000 Allocations for 
the 1983 financial 
year entered 
in 1984 
(10 000 000) 
4 000 000 
13 200 000 
7 200 000 Provisions at 
31.12.1984 before 
allocation of the 
profit for 1984 
70 000 000 
30 000 000 
13 200 000 
113 200 000 
The allocations of the profit at 31 December 1984 which will be entered for 1985 are indicated in 
the 'Allocation of profit for the years ending 31 December 1984 and 31 December 1983' (see 
page 11). After these allocations, provision for the financing of the ECSC operating budget will be 
as follows: 
31. 12. 85 Official Journal of the European Communities No C 360/11 
— Allocation to the operating 
budget of income from 
interest 
— Provision for 'budgetary 
contingencies' 
— Surplus for the budgetary 
year 
— Fines to be paid in 1985 
Total 
— Fines to be allocated to the 
financing of the ECSC 
operating budget Provisions at 
31.12.1984 before 
allocation of the 
1984 profit 
70 000 000 
30 000 000 
13 200 000 
113 200 000 
— Allocations for 
the 1984 financial 
year to be 
entered in 1984 
(13 200 000) 
17 000 000 
3 800 000 
33 600 000 Provisions at 
31.12.1984 before 
allocation of the 
1984 profit 
70 000 000 
30 000 000 
17 000 000 
117 000 000 
33 600 000 
The items 'fines to be paid in 1985' and 'Fines to be allocated to the financing of the ECSC 
operating budget' (after 1985) were introduced in 1984 (see note 2, paragraph 1 b). 
12. Reserves 
Allocations to the guarantee fund and other reserve accounts are decided by the Commission. 
The special reserve is used to grant loans from ECSC own funds for financing subsidized housing. 
The former pension fund originally represented the total pension obligations covered by the ECSC 
prior to 5 March 1968. From that date, the Member States have assumed responsibility for the 
payment of staff pensions. This fund is used to finance housing loans for officials of the European 
Communities, and has also been used to grant special loans to the coal and steel industries. 
13. Administrative expenditure (fixed amount) 
The ECSC paid 5 000 000 to the administrative budget of the Commission of the European 
Communities to cover its administrative costs. 
14. Interest received 
At 31 December 1984, this item comprised 653 326 872 (1983: 611 873 993) in interest received 
from loans, 86 700 695 (1983: 93 124 487) in interest received from deposits and 63 259 937 
(1983: 54 126 126) in interest received from fixed income securities. 
15. Levy 
The ECSC is authorized under the Treaty to impose a levy on coal and steel produced by 
undertakings in the Community. The calculation is based on the Community average values of the 
products concerned. The levy rate has been 0,31 % since 1 January 1980. 
16. Fines 
This item comprises the revenue from fines imposed by the Commission in accordance with 
Articles 58 and 60 of the ECSC Treaty. 
No C 360/12 Official Journal of the European Communities 31. 12. 85 
Some undertakings have appealed to the Court of Justice of the European Communities against 
fines. At 31 March 1985, six appeals against fines totalling 11 527 973 were still awaiting judgment 
from the Court of Justice. 
In 1984 fines totalling 1 404 294 were cancelled or reduced by the Court of Justice or the 
Commission of the European Communities. This amount is included in the item 'expenditure 
relating to fines, deposits and levies'. 
17. Contributions from the general budget of the European Communities 
In accordance with the Council Decisions of 23 July and 23 October 1984, the ECSC received 
122 500 000 in 1984 (1983: 50 000 000) as a contribution from the general budget of the European 
Communities. This amount is for Community financing of social intervention in the coal industry 
and social measures in connection with the restructuring of the European steel industry. 
18. Other commitments 
(a) Loans granted 
At 31 December 1984 the Commission had granted but not yet paid over loans as follows: 
— loans from borrowed funds: 127 075 698 (1983: 25 310 795), 
— loans from own funds: 10 910 093 (1983 : 15 598 303). 
(b) Borrowings contracted and lines of credit 
At 31 December 1984 a borrowings contract had been signed for 25 000 000, but no payments 
had yet been made. 
(c) Commitments arising from forward transactions 
To cover borrowing operations leading to loans in different currencies (swap operations), the 
ECSC committed itself to the forward purchase of currencies amounting to 138 522 541 
(1983: 140 898 268) and forward sales amounting to 144 702 514 (1983: 140 863 070). 
At 31 December 1984, the ECSC had bought forward securities to the value of 
83 882 620 (1983: 0) and sold forward securities to the value of 8 107 880 (1983: 0). 
31. 12. 85 Official Journal of the European Communities No C 360/13 
Outturn of the ECSC operating budget for 1984 
(million ECU) 
Requirements 
OPERATIONS TO BE FINANCED 
FROM 1984 RESOURCES (NON­
REPAYABLE) 
1. Administrative expenditure 
2. Aid for redeployment (Article 56) 
3. Aid for research (Article 55) 
3.1 Steel 
3.2 Coal 
3.3 Social 
4. Aid in the form of interest subsidies 
4.1 Investment (Article 54) 
4.2 Conversion (Article 56) 
5. Aid for coking coal and metal­
lurgical coke (Article 95) 
6. Measures connected with re­
structuring of steel industry 
7. Measures connected with re­
structuring of coal industry 
Subtotal 
Surplus 
Total 
OPERATIONS FINANCED BY 
LOANS FROM NON-BORROWED 
FUNDS 
8. Workers' housing Budget 
Forecast 
0) 
5 
130 
51 
24 
19 
8 
70 
9 
61 
6 
62,5 
60 
384,5 
384,5 
10 Outturn 
5 
140 
50,9 
24 
19 
7,9 
83,9 
20,9 
63 
6 
62,5 
60 
408,3 
408,3 
10 Resources 
RESOURCES FOR THE FINAN­
CIAL YEAR 
1. Current resources 
1.1 Yield from levy at 0,31% 
1.2 Interest on investments and 
on loans from non-borrowed 
funds 
1.3 Fines and surcharges for late 
payment (2) 
1.4 Miscellaneous 
2. Cancellation of commitments 
unlikely to be implemented 
3. Revaluation of assets and liabil­
ities 
4. Resources from 1983 not used 
5. Exceptional revenue 
5.1 Measures connected with re­
structuring of steel industry 
5.2 Measures connected with re­
structuring of coal industry 
6. Drawings on contingency reserve 
Subtotal 
Deficit 
Total 
ORIGIN OF NON-BORROWED 
FUNDS 
7. Special reserve and former ECSC 
pension fund Budget 
Forecast 
(') 
141 
70 
5 
p.m. 
3 
p.m. 
13,2 
62,5 
60 
29,8 
384,5 
384,5 
10 Outturn 
136,4 
70 
8,8 
p.m. 
31,3 
p.m. 
13,2 
62,5 
60 
26,1 
408,3 
408,3 
10 
(:) On the basis of the Commission's forecasts of 10 August 1984. 
(2) The 8,8 million ECU is the total collected in 1984 and does not include the 121,1 million ECU outstanding at 31 December 1984.