Commission Regulation (EC) No 1768/2004 of 13 October 2004 fixing depreciation percentages to be applied when agricultural products are bought in, for the 2005 financial year
Date: 2004-10-13
Institutions: European Commission
Subjects: agricultural product, fixing of prices, intervention buying, intervention price, intervention stock, purchase price, selling price

L 315/30

EN

Official Journal of the European Union

14.10.2004

COMMISSION REGULATION (EC) No 1768/2004

of 13 October 2004

fixing depreciation percentages to be applied when agricultural products are bought in, for the 2005
financial year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

(3)

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

Having regard to the Treaty
Community,

establishing the European

HAS ADOPTED THIS DECISION:

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
and in particular
Article 8(1) thereof,

Fund, Guarantee Section (1),

Whereas:

(1)

(2)

take place when they are bought

Pursuant to Article 8 of Regulation (EEC) No 1883/78,
systematic depreciation of public intervention agricultural
in;
products must
accordingly the Commission determines the depreciation
percentage
the
beginning of each year. Such percentage shall not
exceed the difference between the buying-in price and
the foreseeable disposal price for each of these products.

concerned before

each product

for

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
2005 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,
1.
having been bought
in by public intervention have entered
store or been taken over by the intervention agencies between
1 October 2004 and 30 September 2005, the authorities shall
depreciate their value to account for the difference between the
buying-in prices and the foreseeable selling prices of
the
relevant products.

To establish the amount of the depreciation, the inter-
2.
vention agencies shall apply to the values of
the products
bought in every month the coefficients set out in the Annex.

3.
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 (2).

Article 2

This Regulation shall enter into force on the day of its publi-
cation in the Official Journal of the European Union.

It shall apply from 1 October 2004 onwards.

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

Done at Brussels, 13 October 2004.

For the Commission

Franz FISCHLER
Member of the Commission

(1) OJ L 216, 5.8.1978, p. 1. Regulation as last amended by Regulation

(2) OJ L 39, 17.2.1996, p. 5. Regulation as last amended by Regulation

(EC) No 1259/96 (OJ L 163, 2.7.1996, p. 10).

(EC) No 2035/2003 (OJ L 302, 20.11.2003, p. 6).

14.10.2004

EN

Official Journal of the European Union

L 315/31

ANNEX

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

Products

Breadmaking common wheat

Barley

Rye

Maize

Sorghum

Sugar

Paddy rice

Alcohol

Butter

Skimmed-milk powder

Beef with bones

Deboned beef

k

—

0,20

—

0,15

0,15

0,55

0,20

0,65

0,40

0,20

0,25

0,25