ARCHIVES HISTORIQUES
DELACOMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (78)390
V ol.1978/0150

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COMMISSION OF THE EUROPEAN COMMUNITIES
COM(78)390 final
z Brussels ,24July 1978
t
un»
m ~so~/ -P)
ANNUAL REPORT
ONTHE IMPLEMENTATION OFTHE 1977 BUDGET
(Statement ofRevenue )
COM(78 )390final

2
I. GENERAL
(a)Aimofthereport onrevenue
Once again this report isbased ontheprovisions ofArticle 35ofthe
Financial Regulation of25April 1973 and ,inaccordance with theletter to
theSecretary-General oftheCouncil of14February 1975 »"theaimisto
give anoverall picture ofthefinancial year ,primarily from thefinancial
point ofview *Ittherefore relates particularly tothesystem ofcovering
theCommunities cash requirements asprovided forinArticles 31to37of
theFinancial Regulation referred toabove .
Inprevious years this report wasdrafted andsubmitted earlier than isthe
case this year .This hasmeant ,however ,that some ofthefinal figures
were only estimates assome accounts had notbeen finally closed
(particularly theEAGGF ,Guarantee Section ),some press offices andremote
delegations had notbeen able togettherequisite information tohead office
intime ,some institutions were notinaposition tocommunicate their final
accounts ,andtheamounts tobecarried over tothefollowing financial year
had notyetbeen approved ,etc.These factors taken together determine the
total sumbooked toeach financial year and consequently the "relative
share "duefrom each Member State ;above all ,twonewMember States transfer
ownresources only ,sothat anyvariation intheir debt (relative share in
relation tototal expenditure )affects reimbursement of10$ofthe
expenditure they incur incollecting ownresources ,andhence modifies the
total expenditure figure .
Where 1977 isconcerned ,itwasconsidered that this state ofaffairs was
incompatible with thenature ofthe financial year ;itwasdecided that it .
would bebetter toawait the final Statement ofRevenue andExpenditure in
order tohave available acomplete picture ofthefinancial year ,because
1977 marks theendofanentire system .
–1977 isthelast year ofthetransitional period ;the "relative shares "
cease toexist .
/-1977 isthelast year inwhich theCommission 'srequirements arecovered
bycash advances .
In-future theMember States will make available totheEuropean Communities
theownresources provided forintheBudget ,independently ofrequirements ;
Anysurplus ordeficit will becarried forward tothefollowing financial yean
–1977 isthelast year inwhich Article 32oftheFinancial Regulation of
25April 1973 applies (adjustment ofadvances onthebasis oftheStatement
ofRevenue andExpenditure )• ,

–1977 is'thelast year inwhich tn.e HiKunit ofaccount will beused •
-1977 isthelast year financed onthe basis ofaccruals for the financial
year (asfrom 1978 the revenue side ofthe Budget isacash budget)#
Ofthe factors listed above ,the third and fourth appear tohave become
particularly important asthe expenditure chargeable toeach financial year
ofthe period ending in1977 was made upof:
(i)expenditure upto31December covered bytheappropriations forthe
financial year ;
(ii)commitments carried over tosubsequent financial years ;and,asa
deduction :
(iii)commitments carried over from previous financial years which lapsed .
This method therefore permitted acertain amount ofinter-penetration as
between onefinancial year andthe next (inthe case ofthe EAGGF ,Guidance
Section ,this interpenetration could extend over several financial years )
and directly affected the financial contributions bythe Member States ,as
their relative shares -particularly where new Member States were
concerned -could vary considerably from one year tothe next .Under the
system bywhich commitments carried over were financed from the appropriations
for the year inwhich the commitment was authorized –in^ome cases
(Guidance Section )sums could becarried over from more than five years –
sums equivalent tothe commitments carried over should have accumulated in
the Commission 'scash assets .This did not infact happen ,since the
adjustments made atthe end ofafinancial year were included inthe
advances for the following year soasalways tokeep the Communities' assets
andits cash requirements inbalance .
The effects ofadjusting the advances for 1977 are clearly explained in
point 5below .
Asfrom 197° this method can nolonger beused since aclear distinction
must bemade between 1977 (financed onthebasis ofIMFunits ofaccount )
and 197S (financed onthebasis ofthe EOA)and,ontheother hand ,the
system based onthe financial independence ofthe European Communities ,under
which there are nolonger any "relative shares "paid bythe Member States ,
nor any varying offinancial contributions asafunction ofthe relative
shares tnor any adjustment atalater date ;this isbecause a,«y eurplu.3

-4-
ofrevenue andanydeficit will now becarried forward tothefollowing
financial year ^• - ■.
Infuture this report will "bereplaced "byaquarterly report to "besubmitted
bytheCommission totheEuropean Parliament andtheCouncil inaccordance
.with theprovisions ofArticle 29oftheFinancial Regulation of
21December 1977 applicable totheGeneral Budget oftheEuropean Communities
(b)Technical features oftheBudget forthe1977 financial year
Theprovisions ofArticle 5oftheFinancial Regulation of21December 1977 *
referred toabove ,provide forchanging over from aBudget based on
accruals forafinancial year toacash Budget ,where revenue isconcerned ,
andwill cause aprofound change inrevenue ,particularly forthe 1977
financial year .
Inthepast ,each financial year hasbeen financed from ownresources
(customs duties ,agricultural andsugar levies )andfinancial contributions
based on'theGKPoftheMember States ;this method offinancing meant 12
transfers ofcontributions (which varied from month to -month since the
contributions supplemented ownresources insuch away astocover the
"Commissions estimated requirements )between 15December ofthefinancial
year preceding thefinancial year concerned and 15November oftheyear in
question ,and 12transfers ofownresources made onaverage twomonths after
themonth inwhich theresources were established ,sothat theownresources
chargeable toagiven financial year were received bytheCommission between
15March ofthat year and 15February ofthe subsequent financial year .
Theadoption ofanoperational revenue budget means precisely that itisonly
themonth inwhich ownresources aretransferred -and nolonger that in
which they were established which counts ,sothat the 1977 financial year
will beshort oftwo months *worth ofown resources# The Member States
therefore have tosubstitute additional financial contributions for these
two months *worth ofown resources .
1
•Itshould benoted that any surplus ofCommission assets over requirements
isheld inopen accounts intheCommissions name intheMember States *
Treasuries ,theamounts held inthevarious currencies being proportional
totheamount estimated in o.erevenue side oftheBudget asbeing duefrom
the various Member States .
«

II.REVENUE
(a)Ot'Jnresources
1•Overall situation
Thefollowing Table gives theestimated revenue from ownresources under
thethree main headings -agricultural levies ,sugar levies andcustoms
duties -andthesums actually established under thesame headings ,it
being remembered that ,asexplained above inPart l(b),thepojos
established andrecovered arefortenmonths only .
TABLE I
Amount
recovered
over 10
monthsrfCol •2
Col® 1For the 12–month period
ResourceEstimates
for 1977
IAmount JCo1*4
Col .1
1 2 i 3 ! 4 5
Agricultural
levies \328,74 1576.13 118.62 1972.19 148.43 '
Sugar levies232 .- 202.37 87.23316.89 j136,59 .
Customs duties 4734.40 3910.12 82.59 4633,03 97.86
6295.14 5688,72 J90.37 6922.11 109*96
Theamounts established inownresources forNovember andDecember which ,
under Articles 5and108oftheFinancial Regulation of21December 1977«
constitute revenue forthe1978 financial year andaretherefore entered
intheaccounts inEUA,have been denominated inthis Table in1MBunits
ofaccount inorder tomake allthedata comparable .
FB® Thesums recovered over the10–month period arebased onthesums
actually transferred bytheMember States ;this means that ,inthecase
ofthenewMember States ,this oolumn shows only thesums transferred to
cover theCommission *scash requirements .

-6-
1.1 Trends inown resources sines 1973
m
TABLE II
}
Year Agricultural
levies
transferredSvigar levies
transferredCustoms
duties
transferredTotal Annual
increase
.■.I .. - i
■muàaë j mu.a .|mu.a »mu«a «
# % |
1973 .
1974 .:
1975 ■
1976
1977' .i411
255
510
1035
1576
(1972 )99 !
• '75 ■-
80
128
202
<317 )1986
2 ,738
3151
4097
3910
(4 633 )2496
3068
3741 .
5260
5689
(6922 )+ 22.92
♦..'2i:94 - ;
40.60
+ 8.16 2
(31.60% )
The increase inown resources ispartly explained laythe gradual
reduction inthe abatement factor applied tothe own resources transferred
bythethree new Member States ,(rising from 45$in1973 -to92$in
partly bythe increase inthe own resources paid over byoriginal
Member States (75$in1973,87•5$in1974 ,100$ in1975 )#andpartly bythe
increase inthevalues used for customs purposes (duetoinflation )andthe
expansion intrade .
Afurther reason for thefaster rate ofincrease for 1976 and 1977 as
compared with previous years isthebig increase inagricultural and sugarlevies (seebelow ).
110months only *
2Thefigure of8*16$reflects thedifference between the sumof5260 mu«a «
for 1976 and the 5689 mu.a «for 10months of1977 ?the percentage in
brackets gives the actual increase inown resources in1977 onthebasis
ofactual growth during thefinancial year based onthefigures in
columns 4and 5ofTable If

-7-
2.Apicultura !Tevies ^sea Orapb Ilo 1}
Table Ishows tb.c.i ,inreal terms grevenue from agricultural leviesexceeded original estimates by4tJ»4i /©?Graph No 1below clearly
illustrates how these resources increased throughout the
financial year ™
The main reason forthis trend isthe drop in .world market prices which
became much more obvious during the period under consideration .Daring
the second half ofthe year ,the effect ofthis drop was intensified
bytheadoption ofnewEuropean agricultural prices (increasing by3»5f°)$
which naturally increased the value ofthe levy *
■ί I ,:' ·»■«·' : ·
■.1 . ■ I ■ !'; :GRAPH Ho 1 : ', «,. ' I. ·.1 . ι Μ1ΜΜ 4^ V »250 ι ■■:■!■· · ■ ·:.| :·■;1 Π"! ' !·;νί ;
3Q •;•r:•"j;''i ij|'"i j'.'''*::'"
10 -1;::rr."IJTI;h^ ■':' :
200 ■·' ·'· .·■:.··;·:·.·: 1/τ ί:·
! j !,/ i';-' :.-j :ì;::''AGRI CULTURAL LETFIBS
9O v•;•>•r ;i •;j\y TRANSFERRED •• ':-
1 J.- -/ i '-i':!"!:-i U ■i\ ••■;! ;30 ' • : :...•; t/ ' !••;'r' V" . •. •
70 ' .''' /, ''i'■i••!; s.:.i'i;'.
I ■ i .I • ■ 1 ..... :i.i
,· .' : I \ ·'ι .ί'ΐ 1 '
40 ^ ... ! .J.*m"\;.■! 1i
30 / \ j- • • •
> ' ij i l i.
10/ ■■: ■;= ,τ'-.: ■ ■-·? ■ ■, . ■/ ·' ,ί'γ·;.· /',· ι . ■ ·
100 . . ■' j 'i . ' ' ! •' ;
ΐ' ■ ; . ;
: ,. ι
.90 -' ■. • • ' " , 1
• •, . ■.• : -y -.. .• i.
■" ! 1977 «1576 ..12 mu,a.
g0 •
' ' i/.'i.'...
70 /'N, !. 1; ...W6 «'..1035 mu,a.
/' '* .»•* i i '.'•i : •« β *»_ο 1 ' I ·
" ; . . . : ' •'
60 ........

-8-
3.Sugar levies (aeeGraph Eo2] _
There are two main reasons forth^sugar levies exceeding estimates -
thesituation asregards world prices (dropping ,like those for
agricultural products )andthefact that sugar production inthe
Community exceeded the "basic quotas .
Theeffect ofthe basic quotas "being exceeded can beseen from
Graph No2;where necessary these levies aretransferred intwo
instalments ,oneintheform ofanadvance inApril (seethecurve
forthat month )andtherest inDecember .
• • . . i •r,i•: i; .... i . .• • i • .- I •• . I .' . '
; :; ' '..... ' I : ••..!'•::! . .. I: .¡ . .' :
• !(ΪΚΑΡΗ Πα2
:j; ■ ii-'--.r --r-K li"-:■■;■ ;;r..
: !., j"!•' . : ' ." ■ . ' '-f
■ .-.V -..I :V i ■SUGAR LETV1ES' TRÆNSPERfiED .••. jr iH: piv': ■' • 1
• > I *'i"iJ" : . * f
-J I • • ... i – I
30 ■jI«4 ■;I ■■,1977 ■202*37 -'au.a»(10months )
; "• i i'•! s • 1 •.- '
'28 \. .1976 .127*6 *mjila./ ,
♦ , •.I • 1 »I I.\ >.I 1<t. I•• •' , , • -•.^ OJL *•.» J,». ,,..J•«.*w j. .w«.'I 'J'»i >'«■*«. -i"'.. .•i il. I.».'#.*>.%•. 'iCO ! .: •• „ ■ -•, i ■'.■>iI.•!• .•I*;!! I |•••!•.. i '
■'. i !■! .!:! -i. i ».".•» I ..i.': ■I. . ■ . ■J.-•.
•' i: ..!': : -'i'■ i r ! :r:
•i . • i• <' i ». I• ■t ;I ■i>, i-<. ■< v • -1 • ■ »4 i4 *. I. . iI ■ < ••i. I• ], •. ■> }■ I v «'
CH - j" !i . ' • k:J f. 1
:'.: • '' i• ... V ;;. :!■ ;i-: •!...;• i.•'f!. :»
^22 [ |* ||^|_j'''■I''*'^I'|''|*''|^ "!•''| '''**'*
16 «j-:.•;\ ,"? :
'■ /-:i-: 1/ \ rn •
*14 * •• • •• •■i■ •i■*' •" \S-*
, ;; =. : \ -v,, : ;; :
•'12 I · ■: V"Γ:· ι ♦·"··:V' ■··'!*· >* ·■·::*" 1··'··· *:··. .·Γ-··-'··.·■· ·'
• .·. ■·!■..· ·ν. ./ ( ■Τ ■ ι·· ■ι ;··!·· ;:·,1 ■··■■■ ■ ■ ·· ι·: ί
:- .:'' . ■ ι.· -ι ·!■::·:-·;ί';»!:· *■.'·.· :'··: *1:1 ■ r: I•.1 i •' .•••1 ' ,, .•^ ( :'•*j;j:rj-: •fr'v'ji .'':-j ■ •.•
.1 .· · / . ; ! ι ',.ι..
'ο ψ' : * ! · !: ! ' '8 ■:: ' 'M. ■■
· 1
»6 * ■ ! – : r– ■
JA f£ MA AP HA JU JU AG .S£ .0C ,NO 0E : 'i - ••í :'
; | ' |• ^ri.Vi'11,iin i ii-' ' .!/

4*Customs duties (eeeGraph Ifo3)
Tables IandIIand Graph No3provide various information .
? ' HZ :"– •–~~
1\: i ;-i., \ . . :
' ■I. 1;1•• -i •.; ::<.../\ 1 ; . ..i1-•* •
:I\!•". 7 j. ''<■'].\\-}v;\GRAPH Ho3- .•':•••! ;
1i I i"-« rj '1'. /•'!•\ '5 j■*'!"•!.' • *'
; . .' 1 1/ i-,.. /;..j\^'•'\/\ : /.!\I,:-'.:;' .^ilrv ' '
I •.'"» ..'."il :, .■-.1 I 1 ■\j';•«; ,1,•.;■i
!'''I 1 I i / !\i '■•! : ■■:V: ■r ' Ii i.:.11 •:!•;•:. / 1.1\! lL , 1 ■'■ • !
I ! 'I- j ..^ •I j I •; V 1 '• > 1'| r 1i i,!.i.!l '■/!'!.■;\":i:»v-V-.
j ,-.I 1.'I'Il'.!■!.'i• .! ./:ij.'j.A -j .<•••.
-\ i '1.»I /i-n:vKx - r.1.;.', ■.I1 I .'• •*r.: I -' * L:•••' .• •/ •• •1•.*f ti-> 1| v-.. .» 9 ;<··. ' ί-τί.* ■ι.? /,;: τ ·'.! »· : .γ'' ■ >'.·.!· ι4οο ν ι -·' '·'ι !···(;|:.ί^ΐ:' : ·/ >'"··.ι·."χ ■■»·.ίΐ":;ΐ··..·.· .
... V ί;;Κ:4 ί:·:|
' ν-!:'ί /ν'!·,!.'^ί'ί|^| *'Γ'τ,:'Γ' ί
Λ-' :ι·,:'' .!.!·.*Χ:±.:··:\ϊ . .:-
''| 1 .Ι^1■ ■■ ^;Ι.Ι''^ ί Ι
/M*':•X-/•v:V//■;i; ■<?■- •!'•.y/'ri\ /•/»\ ; .- •'. ;{ j
•-r-;!w-, i;-.\St Ii«r':' Ij-ry-r-;;-:.,- j
»,.j -i:- .'"jj!,:! ■\Jv-'-"!•| i '.j. 'I .''• ,
/ .ì I;./::i/: ''i'".i : I
•/ * •'r J –'• i-•*•å J J•t ;f4 » f| iV . , å ;,, • i. : •I.-:. ' 1 • .•• < ;
, ■1 -A - i:'i : .;/ i. •- • ^ ^ !
i i :. *. 'cüstoms-düties 1.- _;'.j . ; j
•' \ i, :. ■•j./i. 100% (exoluding fisóaí düties )!:-. *
. 1 ·;· ··.;Γ·. ' ■·>' ";.ί: .^ , ; 1
*, I;\ ί \\ \ Iϊ ■·Ι''■ ■, !
\ ,i..'•! Jl !•' !••: i 1 1
·:\ :/:( ·::?ΑΛ '·' ί·"!·:·> ··:: \ ι.. . ·ι
* i'I'i....*'. '.ij.'.,j/ : 1.977 .(10months )4"065»5 rau.a .\ :,-jr;V • A».;/, ••; i . ;
:'. •' ;/ .».v.j.v<y\/'':'' ' ' ^6 .}' 4504.2 .mtu.«.
1 1•••••, •;•«:.■ ..1 « « «–/• '^ ' – :*■\ ...' .i;••• •:;\* J i • i• . i •:: . .; ■ t ■
:\'!.....•; •; :..J L."7* 3'691.7 mu.a.
1 • » 1 ' ' I :•1 ■'!-..:ji;. ■ ■ ! »f .i- •:.:.!• ! •!
;♦ % # ,î -é. . . ; ;»*
2<;λ Ι ν , 1*ί> ΙΒ<^νηΜΟΜιίΜΜΤΜΜΜίΒαΜΜΜΕαηΐΜηΜκιΜΜΜΜΜιηΝΜΜΜΗΜηΜΜΜΒΜΜαΜΜίΗητ .ΙΜ· <*·1»|ΙΜ<Ι1 Ι»>ιιIIIι·ιι·ι «Ι||»ιι·ι ηιιοι–Χι1'Ι1_>ΙΙ>Ι –■.ΓΡΙ*– |
' FE M AP MA J1U JU AG SE OC NO -tt£ .
iitsre theamounts shown forcuetoms duties differ from those intheTables !
because thefull 100% hasbeen entered inthegraph (whilst theIfeber ;-
wtates transfer onlj o2%(seapoints (a),(b)and(c)page 8). !

-10-
Before embarking onananalysis itshould beremembered that x
(a)in1977 'themaximum thenewMember States –which hadthebenefit of
theabatement factor –could beobliged topaywas 32!%ofownresource a
collected ;
(b)during thesame financial year ,these Member States were able topay
only acertain percentage oftotal expenditure (calculated onthe
basis ofexisting rules –Decision of21April 1970 andtheActof
Accession ).Ihus theUnited Kingdom andIreland ,which hadcollected
more than themaximum amount due,covered their 92$from sugar and
agricultural levies andpart ofthecustoms duties ;
(c)under theheading of"customs duties ",theUnited Kingdom collects a
•very high proportion offiscal duties ;whereas these fiscal duties
are identifiable atthetime ofestablishing ownresources since they
areshown separately intheUnited Kingdom fsmonthly returns ,
itisnot always easy toestimate the amounts intheforecasts .
Therefore ,whilst the final figures donot include fiscal duties the
latter areincluded intheestimates Which ,consequently ,arenot
precise .
Table I(column 4)shows aslight deficit –theoutturn being 97»86$ ofthe
estimate –intransfers over the 12months .However ,this overall figure
includes thecustoms duties for Ireland andtheUnited Kingdom ;this does
notrepresent theactual amounts collected bythese twocountries ,but
does represent the summade available tothe Commission asandwhen
required (theactual amount duefrom these twoMember States isfixed in
therevenue andexpenditure account asafunction oftheexpenditure
chargeable tothefinancial year ).
Tounderstand thefigures aright oneshould take account only ofthose for
the other seven Member States ;the sum inthe estimates would then besense
3059*52 mu.a.,thecorresponding transfers some 3066.93 ®u.a.andthe
outturn would increase to100.24% .
Table IIshows asteady increase inthis type ofresource since 1973 f"the
effect ofdiffering andsometimes contrasting factors ,including :
(i)those tending tocause adrop :tariff rebates inconnection with the
accession ofthenewMember States ,the introduction ofspecial rules
onimports from certain non-member countries ,andperiods of
economic depression ;
(ii)those tending tocause anincrease :boom periods ,trends inworld
prices and ,toalarge extent ,theincrease inthe "relative shares "
ofthenewMember States ,asexplained inpoint 1.1*(a).

-11-
Graph Ho3gives thecurves fortheamounts collected each month (100%
collection ,less fiscal duties )fortheyears 1975 »1976 and1977 and
permits theconclusion that –although there arevariations resulting from
the increases mentioned intheprevious paragraph –therhythm remains
almost unchanged from year toyear except during thesecond half of1977
when ,instead cfrising asinprevious years ,thecurve flattens out
ataround 360mu^a*per month® Even theamounts collected inNovember
andDecember ,which arenot shown in .thegraph asthey constitute revenue
forthe1978 financial year ,donot ,when covert edinto u»a® ?exceed 359
and 363mu.a® respectively® Toalarg^extent this phenomenon is
certainly duetothe "accession "tariff reduction of 1July ;the
reduction wasnot compensated bythemarket ,situation ;onemayeven wonder
whether thepresent recession did not atfirst contribute towards the
reduction .
5*Transfers pursuant toArticle4(2 )oftheDecision of21April1970
Where financial contributions bytheMember States areconcerned ,itshould
beremembered that theprovisions applicable tothe 1977 financial year are
those ofRegulation No2/71andtheFinancial Regulation of25April 1973
applicable totheBudget (Articles 31to37)*
Under these provisions ,total expenditure chargeable toeach financial year
iscovered chiefly byownresources andany shortfall ismade good bythe
financial contributions oftheMember States .Asalready explained ,
in1977 only 10months *worth ofownresources canbeputtowards financing
the Budget#
Actual transfers between 15December 1976 and 15November 1977 (thetransfer
ofcontributions wasbrought forward onemonth tocover the requirements of
thefollowing month )amounted to2858.5 mu»a0;taking into account the
amount carried over from 1976 itappeared reasonable attheendof
October 1977 »when the last applications foradvances hadbeen submitted by
theMember States ,toexpect tobeable tospend theamounts transferred by
theendofthefinancial year .Onthecontrary ,however ,when theaccounts
were olosed itwas noted that 414*5 mu.a *ofthe amount carried over
from 1976 hadnotbeen used andwould lapse ,thereby reducing the
requirements for the financial year .
Theaccompanying Annex Areproduces Table 9of "theestimated revenue inthe
revenue axid expenditure account for 1977 which shows thecash situation ;
the first and second columns show how much the Member States advanced for
the 1977 financial year ,thethird aridfourth columns indicate thesums due
bytheMember States in .theform ofownresources and contributions
respectively jandthelast column give 3thepositive ornegative balance for
eaoh Member State «Itmaytherefor© beseen that ,inall ,theCommission
■Will have torepay some 347mu®& 9totheMember States ,which will reduce
%h.u contributions due to2494*5 mu*a .end incraaee ownresources
to57^5*7 ia for thefinancial year .

-12-
Thefollowing table con^aras -theoriginal estimate and the outturn .
TABLE III
Heading Original
estimate1
Outturn
Own resources
Contributions
Other revenue
... J6295,14
3148.92
140.205705.70 .
2494.49 '
283-05
Total revenue 9.584,26 8483.24
Therefore ,inthefinal analysis ,theoutturn asregards ownresources will
befarhigher than estimated (10months almost covers theestimate fortheentire year-some 490 mu.a.),andtheexpenditure tobeoovered will be
some 1100 mu.a.less than theinitial Budget •
1This sumishigher than thefigures inTables IandIIasittakes into
account the actual level ofown resources due from the United Kingdom and
Ireland (relative shares applied tototal expenditure )incontrast tothe
twotables referred to;these ,forthose two Member States ,give the
amounts transferred tocover the Commission 'srequirements .
2Itshould beremembered that tofind the Bum chargeable toagiven
financial year ,the amount carried over tothefollowing financial year ~
must beadded and the amounts carried over from previous years subtracted .
Generally these are large stuns and oould make aconsiderable difference in
thelevel ofexpenditure .Thetotal 1100 mu.a.ismade upoft 686 mu.a.
inappropriations for thefinancial year which lapsed and 414 mu.a.carried over from previous financial years which have also lapsed (and
hadthus already been finanoed bythe Member States ).

-13
Asexplained under point (a)-General -after therepayment referred to
above ,theCommission *sassets include sufficient means tocover thecarryovers
from '1977 to1978 and .thesums -which maybecarried over formore than one
financial year after theoneinwhich they were authorised (Guidance Section)®
Therevenue andexpenditure account shows thefollowing position ;
Carryovers from 1977 "to1978 (less carryovers inrespect oftheEAGGF
(Guarantee Section )andPood Aid ,forwhich thecorresponding advances
hadalready been granted tothepaying agencies oftheMember States -
1670*5 .minus 1022*8 minus 123*8 mu,a.) 523»9®u-»a *
Carryovers from financial years prior to1977 (GvdLdance Section ) 704 "5n>u»a <,
Total 1238®4 mu.a .
Asexplained above ,ifnopayment shave been effected out 01the amount s
carried over inthemeantime ,this sum reiaains intheaccounts inthe
Commission *sname inthe Treasuries ofthe Member States and isallocated
inaccordance with thecriteria setoutinArticle 9°fKegulation 289l/77«
6.Other revenue
Theproportion oftheECSC levy allocated totheCommunity Budget ,
i.e ,18mu.a .,wasentirely recovered by31December 1977 »aswere the
contributions ofthe Member States toadditional research and investment
programmes ,i.e. 8.68 mu.a .
The estimate for the surplus which would beavailable from the previous
financial year turned into total revenue of40.5 ®vua »9which was 1.4mu.a®
higher than the estimate itself .
Asconcerns themiscellaneous revenue inrespect oftheGeneral B.udget and
research andinvestment activities -the actual ,outturn washigher than
estimated (8O.5 ®u-a,compared with 74rctua.)j inaddition some 135m
ingains resulting froto exchange rates were registered inthecourse ofths
1977 f5naacial year .

1977financial year Cashinhand
XI -
ΡΙ
"■S,
inu.a«
Vatn'haYiTransfers inaccordance with
Article 31oftheFinancial
RegulationI
I•
I Esta"blishments
iDifference
("b+c-d-e=f)
StatesOwnresources Cashadvances Ownresources Contributions
Ia ______ –ic <j......
--- - ve*i
tIMMMl
Belgium
Denmark
Germany
France
Ireland
Italy
Luxembourg
Netherlands
UnitedKingdom |400M4.904-20
120690219-96
1-090725915.51
707339968.07
50430679.06
1191,"520314.72
2639931-
564,510,055.21
1.560210833.35101360079.48
75943.035-58
1192,065 .516.26
1.064,816 132.12
290247137.24
10,397453.66
123686;620-400,644.,904.20
120.690 .?19.96
1,090-725.915.51
707:339,968..07
49.799803.56
1,191,520r,314.72
2,639,931.-'
564510055,.21
1-577833.091.45116.894.255-64
72,350v664.83
.1028.189J07.12
954.069,551165
!
mm
'176773091.54
9.274.958.16 ,
136943167.92-15534176.H
♦359237C.7S
+163£76409J4
♦110746580.,47
♦63087C.50
♦113.474 45,7®
♦1,122495.50
-13256-547.92
-17622258.10
Total j568b712821.C82,858-515-974.34 5705704.206.68 2494.494796.86
*' ...347029789.88j