Commission Regulation (EC) No 1846/2002 of 16 October 2002 fixing depreciation percentages to be applied when agricultural products are bought in, for the 2003 financial year
Date: 2002-10-16
Institutions: European Commission
Subjects: agricultural product, devaluation, intervention buying, purchase price, ratio, selling price

17.10.2002

EN

Official Journal of the European Communities

L 279/29

COMMISSION REGULATION (EC) No 1846/2002

of 16 October 2002

fixing depreciation percentages to be applied when agricultural products are bought in, for the
2003 financial year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

HAS ADOPTED THIS REGULATION:

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 Guar-
antee Fund, Guarantee Section (1), as last amended by Regula-
tion (EC) No 1259/96 (2), and in particular Article 8(1) thereof,

Whereas:

(1)

(2)

Pursuant to Article 8 of Regulation (EEC) No 1883/78,
systematic depreciation of public intervention agricul-
tural products must take place when they are bought in;
accordingly the Commission determines the depreciation
percentage for each product concerned before the begin-
ning of each year. Such percentage shall not exceed the
difference between the buying-in price and the foresee-
able disposal price for each of these products.

Pursuant to Article 8(3) of Regulation (EEC) No 1883/
78, the Commission may, at its discretion, restrict depre-
ciation 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 also for the
2003 financial year by the intervention agencies to the
monthly buying-in values of products should be fixed, to
enable
to establish the depreciation
amounts.

agencies

the

Article 1

In respect of the products 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 2002 and 30 September 2003, the authorities shall
depreciate their value to account for the difference between the
buying-in prices and the foreseeable selling prices of the rele-
vant 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 noti-
fied 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 that of its publication in the Official Journal of the
European Communities.

(3)

The measures provided for in this Regulation are in
accordance with the opinion of the EAGGF Committee,

It shall apply from 1 October 2002 onwards.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 16 October 2002.

For the Commission

Franz FISCHLER

Member of the Commission

(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.

L 279/30

EN

Official Journal of the European Communities

17.10.2002

ANNEX

‘k’ depreciation coefficients to be applied to the monthly buying-in values

Products

Breadmaking common wheat

Barley

Rye

Maize

Sorghum

Paddy rice

Alcohol

Butter

Skimmed-milk powder

Beef with bones

Deboned beef

‘k’

—

—

0,25

—

—

0,35

0,70

0,45

0,25

0,35

0,30