Financial statements of the European Coal and Steel Community for 1986 and 1985
Date: 1987-08-26
Institutions: European Commission
Subjects: ECSC operating budget, borrowing, budget financing, financial management













EUR-Lex - 31987Y0826(01) - EN






Avis juridique important




|



31987Y0826(01)

Financial statements of the European Coal and Steel Community for 1986 and 1985  


Official Journal C 228 , 26/08/1987 P. 0003 - 0016 





FINANCIAL STATEMENTS OF THE EUROPEAN COAL AND STEEL COMMUNITY FOR 1986 AND 1985  (87/C  228/03)In accordance with undertakings given by the Commission on behalf of the  ECSC with regard to its borrowing activities, the following financial statements, drawn up in  conformity with Article 78 of the Treaty establishing the ECSC, are published: -  Balance sheets of  the European Coal and Steel Comunity at 31 December 1986 and 31 December 1985;-Profit and loss  accounts for the years ending 31 December 1986 and 31 December 1985;-Allocation of profit for the  years ending 31 December 1986 and 31 December 1985; These financial statements are accompanied by  the Report of the Court of Auditors, provided for under Article 78f (5) of the ECSC Treaty, dealing  with the financial operations of the ECSC for the year 1986 with the exception of those relating to  revenue and expenditure of an administrative nature.                                                     Balance sheets at 31 December 1986 and 31 December 1985 (amounts expresed in ECU) - Before  allocation of profit - >TABLE>                                                          -  Before allocation of profit - >TABLE>                                                     Profit and loss accounts for the years ending 31 December 1986 and 31 December 1985 (Amounts  expressed in ECU) >TABLE>                                                          >TABLE  POSITION>                                                    Allocation of profit for the years  ending 31 December 1986 and 31 December 1985 (Amounts expressed in ECU)  >TABLE>European  Coal and Steel Community A. MATUTES E. CIOFFI Member of the Commission Director-General,Credit and  Investments                                           REPORT of the Court of Auditors of the European Communities on the financial statements of  the European Coal and Steel Community at 31 December 1986 1.    This report concerns the  regularity of the accounting operations and the Commission's financial management (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, which modified certain financial  provisions of the Treaties 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 accounts and the financial statements of the European Coal and Steel Community at 31 December  1986 in accordance with generally accepted auditing standards and conducted the inspections it  considered necessary. 3.    The opinion of the Court is that the attached financial statements  (Balance sheets at 31 December 1986 and 1985, Revenue and expenditure accounts for 1986 and 1985,  Allocation of surplus revenue for the years ending 31 December 1986 and 31 December 1985), drawn up  in accordance with generally accepted accounting practice (in particular the Council's published  instructions), are a true and faithful reflection of the financial situation of the European Coal  and Steel Community at 31 December 1986, and of the results of its operations for the year ending  on that date. Luxembourg, 30 June 1987. M. MART L. HAASE President of the Court of Auditors Member  of the Court of Auditors