Communication from the Commission to the Council and the European Parliament Financial Information on the European Development Funds
Date: 2005-06-29
Institutions: European Commission
Subjects: European Development Fund, budgetary procedure, commitment of expenditure, financial regulation, financial year, implementation of the budget

COMMISSION OF THE EUROPEAN COMMUNITIES 

Brussels, 29.6.2005 
COM(2005) 287 final 

COMMUNICATION FROM THE COMMISSION TO THE COUNCIL AND THE 
EUROPEAN PARLIAMENT 

Financial Information on the European Development Funds 

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INTRODUCTION 

This  document  is  to  be  annexed  to  the  draft  budget  for  2006,  in  accordance  with  the  1979 
agreements on budgetary procedure. 

Article  8(3)  of  the  Financial  Regulation  of  27  March  2003  applicable  to  the  9th  European 
Development Fund (EDF)1 requires the Commission to make this document available to the 
Council by 15 June, stipulating that this information serves as a basis for an interim estimate 
of commitments and payments. 

As in previous years, this document shows: 

–  EDF implementation at 31 December 2004; 

–  financial implementation forecasts for the current year (2005); 

–  expenditure forecasts for 2006. 

Since the entry into force of the 9th EDF, the Member States have made direct contributions 
to  the  European  Investment  Bank  (EIB)  for  the  9th  EDF  instruments  it  manages  (the 
Investment  Facility  and  interest-rate  subsidies),  while  contributions  for  the  old  instruments 
managed  by  the  EIB  (venture  capital  and  interest-rate  subsidies)  continue  to  go  through  the 
Commission. This communication therefore draws a clear distinction between EIB payments 
under  the  9th  EDF  and  Commission  payments  (including  payments  under  old  instruments 
managed by the EIB). 

Unless  otherwise  specified,  all  the  commitments  and  payments  referred  to  in  this 
Communication  are  given  in  gross  figures,  i.e.  before  deduction  of  decommitments  and 
recoveries respectively. This approach is in line with that used for the general budget of the 
EU.  In  2004,  the  Commission  rectified  some  Stabex  transactions.  In  order  to  present  here 
figures  that  reflect  economic  reality,  the  impact  has  been  redistributed  over  the  years 
concerned (2001-2004). More detailed information on this correction is given in Annex 1 to 
the technical annex of the 2004 Financial Management Report which will be available in June 
2005. 

1 

OJ L 83, 1.4.2003, p.1. 

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SUMMARY 

Table  1  gives  an  overview  of  implementation  in  2004  and  updated  forecasts  for  2005  and 
2006. In implementation, there was a slight delay in commitments compared with the October 
2004 estimates (see section 1.2.1) but this may be reabsorbed in the coming years. Payments 
were the highest in the history of the EDF. 
The  Commission  has  updated  its  forecast  commitments  and  payments  given  in  the  October 
2004 communication2 for the years 2005 and 2006 for each of the ACP3 countries and OCTs4. 
As in 2004, it has taken great care with the payments estimate in order to (i) minimise the risk 
of  Member  States’  earmarking  too  great  an  amount  in  their  national  budgets;  while  (ii) 
ensuring  the  EDF  is  adequately  funded  and  that  there  are  no  liquidity  problems  of  the  type 
encountered at the end of 2003 and in May 2004. The EIB has also updated its forecasts for 
instruments  of  both  the  9th  and  previous  Funds.  The  full  figures  are  set  out  in  this 
communication. As usual, these estimates will be revised in the October communication. 
The combined volume of commitments for the Commission and the EIB should be just over 
EUR  4  billion  in  2005  and  EUR  3.6  to  3.7  billion  in  2006,  enabling  the  total  financial 
envelope  made  available  by  the  Cotonou  agreement  to  be  used  (including  transfers  from 
previous EDFs) by the end of 2007. Payments should reach approximately EUR 3 billion for 
the first time in 2005. The preliminary estimate for 2006 is EUR 3.2 to EUR 3.3 billion. The 
new estimates for 2005 and 2006, which include a preliminary estimate for use of the balance 
of  the  conditional  EUR  1  billion,  are  given  in  more  detail  under  points  2  and  3  of  this 
document.  Point  4  gives  the  updated  balance  sheet  and  the  contributions  to  be  paid  by  the 
Member States. Table 3 provides a summary. Annex 3 gives a breakdown of contributions by 
tranche for each Member State. 

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4 

COM(2004) 763 final, 19.11.2004. EDF: Estimate of commitments and payments and of contributions 
to be paid by the Member States for 2004 and 2005 – Forecast of commitments and payments for 2006 
to 2009. 
African, Caribbean and Pacific States. 
Overseas countries and territories. 

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The  following  graph  illustrates  commitment  and  payment  trends.  It  clearly  shows  the 
structural upward trend of payments since 2000.  

5.000

4.000

3.000

2.000

1.000

€
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---- Commitments 
___ Payments 

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Table 1 - Updated estimate of commitments and payments (in EUR million) 

2004 

2005 

Communication 
October 20045 

Implementation Communication: 
October 20046 

Update 

2006 

Communication: 
October 2004 

Update 

COMMITMENTS 

Traditional Commission instruments 
Peace Facility 
Stabex 
   Water Facility 

Additional €750 m 
   Total for the Commission 
   EIB instruments (9th EDF) 
   TOTAL 
PAYMENTS 

Traditional Commission instruments 
Old EIB instruments 
Peace Facility 
   Water Facility 

Additional €750 m 

2 597 
250 

3 

2 850 
335 
3 185 

2 282 
170 
22 
1 

Stabex 
DR Congo 

   Total for the Commission 
   Total 9th EDF EIB instruments  
   TOTAL 

Sub-total

2 475 

2 475 
94 
2 569 

2 343 
250 
10 
45 

2 648 
314 
2 962 

2 267 
153 
37 
0 

2 457 
7 
0 
2 464 
93 
2 557 

3 303 
- 

197 

3 500 
555 
4 055 

2 367 
135 
61 
57 

2 620 

2 620 
222 
2 842 

3 290 
- 
10 
80 
120 
3 500 
610 
4 110 

2 296 
92 
80 
14 
0 
2 482 
17 
89 
2 588 
445 
3 033 

2 635 
- 
10 
125 
330 
3 100 
550 
3 650 

2 372 
72 
95 
38 
153 
2 730 
20 

2 750 
489 
3 239 

3 500 

3 400 

5 
6 

As amended on submission to the Council (see Council document No 194/04 ACP of 6 December 2004). 
Idem. 

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1. 

IMPLEMENTATION  OF  THE  EUROPEAN  DEVELOPMENT  FUNDS  AT  31  DECEMBER 
2004 

1.1. 

Availability at 31 December 2004 

Unlike  the  figures  in  the  rest  of  the  document,  the  figures  given  in  this  section  for 
commitments and payments are net, i.e. after decommitments and recoveries. This is 
necessary to determine the level of available funds, which is by definition net. 

Taking  account  of  transfers  from  previous  EDFs,  total  funds  available  under  the 
9th EDF  at  the  end  of  the  year  for  the  Commission  and  the  EIB  stood  at 
EUR 16 149 million.  Of  this  amount,  approximately  EUR  6  475  million  was 
committed.  The  balance  (EUR  9  674  million)  will  be  committed  before  the  end  of 
2007. These figures take account of the mobilisation of the EUR 250 million of the 
conditional EUR 1 billion for the Water Facility. The balance (EUR 750 million) is 
not included in the appropriation available. 

More detailed figures are given in Annex 1. 

1.2. 

Implementation of the EDFs in 2004 

1.2.1.  Commitments 

After a record level of new commitments in 2003 (EUR 4 135 million), linked to the 
relatively late entry into force of the 9th EDF, commitments fell in 2004 to a normal 
level  (EUR  2  962  million)  for  the  second  year  of  a  new  commitments  cycle. 
Especially  for  the  Commission  part  (EUR  2  648  million),  commitments  remained 
slightly  (7%)  below  the  objective  set  in  the  October  2004  communication 
(EUR 2 850 million). This delay is mainly due to the fact that two important projects 
in  Uganda 
could  not  be 
(approximately  EUR 100 million)  because  Uganda  failed  to  comply  with  certain 
conditions,  and  a  rehabilitation  programme  in  Sudan  (approximately  EUR  50 
million),  as  a  result  of  the  political  situation  reigning  in  Sudan.  The  Commission 
made  decommitments  of  around  EUR  298  million,  bringing  net  Commission 
commitments to EUR 2 350 million. 

implemented:  a  major  road  construction  project 

1.2.2.  Payments 

The payments made in 2004 (EUR 2 557 million for the Commission and the EIB) 
were  the  highest  ever  and  confirm  the  positive  structural  trend  in  the  volume  of 
payments.  

With a sum of EUR 2 464 million, the Commission has almost achieved the volume 
forecast in October last year (EUR 2 475 million). If the Commission had had all the 
contributions  requested  from  the  Member  States  before  the  end  of  2004,  it  could 
have made an additional payment for a campaign against polio (EUR 41 million) and 
expenditure  would  have  reached  EUR  2  505  million.  The  EIB  made  payments  of 
EUR 93 million in line with its October forecasts. 

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The Commission made recoveries and payment corrections of about EUR 50 million, 
bringing the Commission’s total net payments to the order EUR 2 414 million.  

1.2.3.  Breakdown of commitments and payments by instrument 

For information purposes, the table in Annex 2 gives the breakdown of expenditure 
by instrument for the years 2003 and 2004.  

1.2.4.  Financial movements in 2004 

The  table  below  gives  the  start-of-year  and  end-of-year  balances  for  2004,  the 
Member States’ contributions to the EDF and payments. The table does not include 
payments  made  under  Stabex  (EUR  7.3  million)  nor  special  measures  for  the 
Democratic Republic of the Congo (EUR 0.1 million) because this expenditure was 
made from separate accounts to which Member State contributions have already been 
made  and  which  did  not  require  new  financial  resources  via  normal  calls  for 
contributions. 

Note that the Commission ended 2004 with a cash balance of around EUR 62 million 
on  its  current  account.  This  is  lower  than  in  previous  years  and  shows  that  the 
Commission  is  doing  everything  it  can  to  use  the  financial  resources  placed  at  its 
disposal  by  the  Member  States  efficiently.  As  a  result  of  the  transfer  of 
EUR 100 million to the Commission, decided by the Council in November 2004, the 
EIB ended the year with a balance of approximately EUR 8 million. 

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Table 2 - Financial movements in 2004 (current accounts) 

Commission

EIB 

9th EDF 

€ million 

TOTAL 

Balance at 01.01.2004 

82.3

67.5 

149.7

Member States' contributions for 2004: 

2 315.0

25.0 

2 340.0

1st tranche 

2nd tranche 

3rd tranche 

Transfer from the EIB to the Commission 

2003 contributions paid in 2004 

2004 contributions paid in 2003 

2004 contributions paid in 2005 

Interest and other products 

Recoveries and corrections 

Payments 
Balance 31.12.20047 

725.0

125.0 

1 100.0

390.0

100.0

95.

0,0 

0.0 

-100.0 

8.5 

-1.4   

-42.4

19.0   

50.3

850.0

1 100.0

390.0

 0.0

104.3

-1.4

 -42.4

19.0

50.3

-2 456.9

-93.1 

-2 550.0

61.7

7.8 

69.5

2. 

FINANCIAL IMPLEMENTATION FORECASTS FOR 2005 AND 2006 

2.1. 

Commitments 

2.1.1. 

2005 financial year 

Reminder 

In its communication of October 2004,8 the Commission and the EIB estimated total 
commitments in 2005 at EUR 4 055 million, broken down as follows: 

•  EUR 555 million for the instruments managed by the EIB under the 9th EDF, and 

•  EUR 3 500 million for the instruments managed by the Commission. This figure 
took account of the mobilisation of EUR 250 million for the Water Facility as the 

7 
8 

Without EUR 180.4 million in 2005 contributions paid at the end of December 2004. 
See footnote 2. 

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first  tranche  of  the  conditional  EUR  1  billion,  decided  by  the  Council9  in  
March 2004. 

Position at 30 April 2005 

•  Between  1  January  and  30  April,  the  EIB  had  committed  a  total  of 
EUR 126 million from the Investment Facility and approximately EUR 33 million 
for interest-rate subsidies (9th EDF).  

•  Commitments  from 

instruments  managed  by 

the  Commission  stood  at 
EUR 297 million.  Note  that  the  commitment  procedure  is  such  that  a  large 
number of pending commitments accumulate in the first half of the year. Most are 
project  proposals  in  the  course  of  adoption  by  the  Commission  that  require 
this  volume  was  
the  Member  States.  On  30  April, 
consultation  with 
EUR  615  million.  The  total  therefore  stood  at  EUR  912  million  (final  amounts 
and those pending adoption). 

Outlook for implementation to the end of 2005 

•  The  EIB 

is  raising 

its  forecast  for  2005  from  EUR  555  million 

to 
EUR 610 million (+ EUR 55 million). Of this EUR 610 million, EUR 537 million 
is  earmarked  for  the  Investment  Facility  and  EUR  73  million  for  operations 
eligible for interest-rate subsidies. 

•  For the Commission, the new estimates of EUR 3 500 million confirm the overall 
amount announced in October 2004 and remain quite ambitious at this stage but 
are in line with the timetable for fully using up the financial envelope by the end 
of  2007.  This  amount  includes  EUR  80  million  for  the  Water  Facility  (from  the 
first tranche of EUR 250 million decided in 2004). As to the mobilisation of the 
additional  EUR  750  million  (the  balance  of  the  conditional  EUR  1  billion), 
EUR 120  million  was  included  in  this  estimate  on  a  preliminary  basis.  This 
amount  is  in  line  with  the  Commission  proposal  on  the  use  of  the  additional 
envelope. It should be adjusted according to the decision taken by the Council. 

•  In 

total, 

the 

revised 

level  of  commitments 

is  EUR  4  110  million 

(+EUR 55 million). 

2.1.2. 

2006 financial year 

Whereas in its October 2004 communication the Commission based its forecasts for 
2006  on  the  commitments  cycle  usually  observed  for  previous  EDFs,  it  has  now 
based its forecasts on specific plans. Tentatively assuming that EUR 330 million are 
committed  from  the  additional  EUR  750  million,  forecast  commitments  are 
EUR 3 100 million. As regards the new instruments managed by the EIB, the Bank 

9 

Council Decision 2004/289 of 22 March 2004. 

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reckons  that  it  will  be  able  to  commit  EUR  550  million.  Commitments  for  the 
Commission  and  the  EIB  would  therefore  total  about  EUR  3  650  million. 
Maintaining this high level reflects the pledge made by the Commission and the EIB 
to mobilise all the sums made available by the Cotonou Agreement. 

2.2. 

Payments 

2.2.1. 

2005 financial year 

Reminder 

In  October  2004,10  the  Commission  and  the  EIB  estimated  a  total  of  EUR  2  842 
million for 2005, broken down as follows: 

•  EUR 222 million for the instruments managed by the EIB under the 9th EDF, and 

•  EUR  2  620  million  for  the  instruments  managed  by  the  Commission  (including 

former EIB instruments). 

State of implementation at 30 April 2005 

•  At 30 April 2004, the EIB had made payments of EUR 41 million. 

•  The Commission had paid EUR 535 million. This is higher than in the past at the 
same time of the year. In addition to these sums, approximately EUR 126 million 
was in the pipeline, i.e. payment had been ordered by the Commission. 

Outlook for implementation to the end of 2005 

•  The  EIB  has  revised  its  forecasts  upwards,  from  EUR  222  million  in  October 
2004  to  EUR  445  million  now  (+  EUR  223  million).  Of  this  EUR  445  million, 
EUR 372 million is earmarked for the Investment Facility and EUR 73 million for 
operations eligible for interest-rate subsidies. 

•  As  last  year,  the  Commission  has  been  particularly  careful  when  updating 
payment  estimates.  For  each  country,  it  has  drawn  up  a  forecast  per  project 
(commitment)  and  per  contract.  The  new  forecast  results  in  a  total  for  the 
Commission  of  EUR 2 588  million,  which  is  close  to  the  estimate  of  October 
2004  (EUR 2 620 million).  The  slight  drop  is  explained  by  (a)  a  downward 
revision  by  the  EIB  of  payments  under  the  old  instruments  (risk  capital  and 
interest-rate  subsidies)  from  EUR  135  million  to  EUR  92  million,  and  (b)  a 
reduction of the expected expenditure for the Water Facility from EUR 57 million 
to  EUR 14 million  (payments  will  probably  be  distributed  over  a  longer  period 
than  estimated  initially;  also  the  great  success  of  the  call  for  proposal  means  a 

10 

See footnote 5. 

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slight  delay  in  the  award  of  contracts).  With  regard  to  the  mobilisation  of  the 
EUR 750 million (the balance of the conditional EUR 1 billion), no sum has been 
earmarked  at  this  stage.  The  situation  will  be  reassessed  in  the  October  2005 
communication. 

•  In 

total, 

the  EIB  and 

to 
EUR 3 033 million,  i.e.  EUR  191  million  more  than  was  estimated  in  October 
(EUR 2 842 million). 

the  Commission’s  combined  needs  amount 

2.2.2. 

2006 financial year 

For 2006, the forecast total is EUR 3 239 million, comprising: 

•  EUR 489 million for the EIB from the 9th EDF, EUR 39 million of it for interest-

rate subsidies; 

•  EUR 2 750 million for the traditional instruments managed by the Commission. 

Given  that  they  concern  a  fairly  long  time  frame,  the  figures  must  be  treated  with 
caution. 

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3. 

FINANCIAL SITUATION FORECAST FOR 2005 AND 2006 

Table 3: Financial forecasts for 2005 and 2006. 

October 
Communication11 

EUR million 

Revision 

Commission EIB  TOTAL Commission  EIB  TOTAL

Balance 31.01.2005 

2004 contributions paid in 2005 

9th 
EDF 
7

- 

82

2005 contributions of which: 

2 560

222

9th 
EDF 
8

- 

62 

42 

2 385 

460

1 360 

750 

275 

5 

50 

60

300

100

- 

- 

70

42

2 845

1 420

1 050

375

5

50

89

0

2 782

1 420

899

463

5

50

1 360

800

400

5

50

60

99

63

- 

- 

-2 620

-222

-2 842

-2 482 

-445

-2 927

77

7

84

62 

23

85

2 720 

500

3 220

5 

50 

- 

- 

5

50

-2 780 

-489

-3 269

57 

34

91

1st tranche (decided) 

2nd tranche 

3rd tranche 

Interest 

Recoveries 

Payments 

Balance 31.12.2005 

2006 contributions 

Interest 

Recoveries 

Payments 

Balance 31.12.2006 

To cope with the sharp increase in payment forecasts, the EIB requests an increase in 
(EUR  460  million  against 
contributions  of  EUR  238  million 
EUR 222 million in October). 

for  2005 

For  the  Commission,  the  total  payments  forecast  does  not  vary  significantly  from 
October’s estimate. However, the amounts that will be spent from the secure Stabex 
account  and  the  separate  DR  Congo  account  (elections)  should  be  subtracted,  i.e. 
EUR 106  million  (see  table  1),  because  this  expenditure  does  not  require  any  new 
financial  resources  from  the  Member  States.  Taking  into  account  also  the 
EUR 42 million paid in January 2005 as 2004 contributions, total 2005 contributions 

11 

See footnote 5. 

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can  be  reduced  by  EUR  175  million.  This  reduction  absorbs  a  large  part  of  the 
increase requested by the EIB. 

Table 3 sets out the amount of the three calls. The amount requested by the EIB for 
the 2nd tranche (EUR 300 million) is a sharp increase. To enable the Member States 
to cope more easily with this increase, the  Commission can accept a second tranche 
that  is  slightly  lower  than  forecast  in  October  (EUR  750  million  against  EUR  800 
million). Following a better distribution of payments over the year, the Commission is 
asking for a third tranche of contributions that is lower than in the past, to compensate 
the second tranche. 

forecast  of  contributions 

figure  of 
A  preliminary 
EUR 3 160 million. The increase in (estimated) contributions between 2003 and 2006 
is  considerable  (2003:  EUR  2  200  million;  2004:  EUR  2  440  million;  
2005: EUR 2 845 million) and reflects the improving performance of the EDF. 

for  2006  produces  a 

4. 

THE FUTURE 

The  Commission  reiterates  its  pledge  to  do  everything  in  its  power  to  mobilise  the 
funds  made  available  under  the  Cotonou  Agreement  (including  transfers  from  old 
Funds) for the end of 2007. It is clear that achievement of this objective is not up to 
the Commission alone. Indeed, the very nature of the cooperation agreements (Lomé 
and Cotonou), namely the fact that they are based on partnership, means that the rate 
at which the EDF is implemented will depend on the absorption capacity of the ACP 
countries  (sufficiently  stable  political  situation,  minimum  governance,  etc).  The 
Commission will continue supporting them by giving all possible technical assistance 
to the National Authorising Officers and proposing corrective measures if necessary, 
at the latest when funds are reallocated following the end-of-term review in 2006. 

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ANNEX 1 

Consolidated situation of the EDF (6th to 9th) for the ACP countries and OCTS 
31 December 2004 (EUR million) 

MANAGED BY THE COMMISSION 

National and territorial allocations 
CDE,13 CTA14 and JPE15 
Long-term development reserve 
Regional cooperation 
Interest-rate subsidies 
Risk capital (EDF 6 to 8) 
Structural adjustment facility 
Emergency assistance 
Aid for refugees 
Stabex 
Sysmin 
Use of interest 
Transfer from EDFs 1 to 5 
Debt relief (7th and 8th EDFs) 
Studies and TA16 for the OCTS 
Cost of implementation 
DR Congo special assistance  
Miscellaneous revenue 
Subtotal 
MANAGED BY THE EIB 

Allocations Commitments  Payments12
11 209
28
0
3 023
352
2 137
2 634
720
263
3 407
563
30
393
1 100
0
55
0
0
25 914

17 522 
65 
0 
5 021 
395 
2 566 
2 747 
724 
298 
3 853 
703 
38 
441 
1 100 
1 
125 
92 
2 
35 692 

23 975
65
430
6 197
395
2 566
2 747
724
298
3 853
703
38
441
1 100
2
125
107
36
43 802

Interest-rate subsidies 
Investment Facility 
Subtotal 

188
2 057
2 245

0 
680 
680 

0
97
97

GRAND TOTAL (6th to 9th EDFs) 

46 047

36 372 

26 011

Unlike the figures given elsewhere in this document, the figures in this table are net, 
i.e. they take account decommitments and recoveries (necessary to know the level of 
availability, which is by definition net). 

12 

13 
14 
15 
16 

An amount of € 4.4 million paid to Ethiopia was not reclassified as payments in the accounting system in 
the context of the 2004 Stabex regularisation and will be booked on the 2005 accounts. 
Centre for the Development of Enterprise. 
Technical Centre for Agricultural and Rural Development. 
Joint Parliamentary Assembly. 
Technical assistance. 

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ANNEX 2 

Breakdown of expenditure by instrument for the years 2003 and 2004 

2003 

2004 

commitments payments17 commitments  payments 

EUR million 

PROGRAMMES MANAGED BY THE 
COMMISSION 

6th to 8th EDF 

Indicative Programmes 
Total 
Excluding indicative programmes 
Interest-rate subsidies 
Emergency Assistance 
Aid to refugees 
Risk capital 
Mining products 
Stabex 
Structural adjustment facility 
HIPC (debt relief) 
Transfer from other Funds 
Use of interest 
Studies + technical assistance OCTs 
Total 

9th EDF + transitional measures 
Envelope A  
Envelope B 
Regional projects 
Intra-ACP Cotonou Projects 
Costs of implementation 
Other 
Total 

213.2

1 073.0

0 

1 075.1

13.6
2.3
 -
240.3
2.5
7.7
5.0
 -
3.0
11.5
0.7
286.5

1 918.5
220.3
177.6
759.8
154.8   
37.9   

3 268.8

8.5
6.4
32.1
226.6
40.3
109.3
174.5
209.0
17.8
7.7
0.3
832.4

162.9
44.8
1.6
230.4

439.6

- 
- 
- 
- 
- 
9.6 
- 
- 
- 
- 
- 
9.6 

1 739.5 
230.2 
134.1 
413.6 
93.8 
27.0 
2 638.2 

9.8
2.5
26.9
143.3
27.4
7.3
89.7
-
11.2
16.4
0.0
334.5

654.7
144.4
12.3
158.9
 56.6
 27.7
1 054.6

Total managed by the Commission 

3 768.5

2 345.0

2 647.8 

2 464.3

PROGRAMMES MANAGED BY THE 
EIB (9TH EDF) 
Investment Facility 

EDF TOTAL 

366.2

4.0

4 134.7

2 349.1

314.2 

2 962.0 

93.1

2 557.4

17 

See footnote 12. 

EN 

15 

   EN 

 
 
 
 
 
 
  
  
  
  
 
 
  
  
  
  
  
  
  
 
  
  
  
  
  
  
  
  
  
  
  
  
  
  
 
  
  
  
  
                                                 
ANNEX 3 

CONTRIBUTIONS TO THE EDF FOR 2005 (in euros) 

COUNTRY 

GERMANY 
BELGIUM 
DENMARK 
SPAIN 
FRANCE 
GREECE 
IRELAND 
ITALY 
LUXEMBOURG 

NETHERLANDS
PORTUGAL 
UK 
AUSTRIA 
FINLAND 
SWEDEN 
TOTAL 

SCALE 

1st tranche 

2nd tranche 

3rd tranche 

TOTAL 

8th 
EDF 

% 

paid to 
EIB 

paid to 
Commission 

payable to 
EIB 

payable  
Commission 

payable to 
EIB 

payable to 

Commission

tranches 

23.36 

14 016 000 

317 696 000

70 080 000

175 200 000

23 360 000

64 240 000

664 592 000

3.92 

2.14 

5.84 

2 352 000 

53 312 000

11 760 000

29 400 000

3 920 000

10 780 000

111 524 000

1 284 000 

29 104 000

6 420 000

16 050 000

2 140 000

5 885 000

60 883 000

3 504 000 

79 424 000

17 520 000

43 800 000

5 840 000

16 060 000

166 148 000

24.30 

14 580 000 

330 480 000

72 900 000

182 250 000

24 300 000

66 825 000

691 335 000

1.25 

0.62 

750 000 

17 000 000

3 750 000

9 375 000

1 250 000

3 437 500

35 562 500

372 000 

8 432 000

1 860 000

4 650 000

620 000

1 705 000

17 639 000

12.54 

7.524 000 

170 544 000

37 620 000

94 050 000

12 540 000

34 485 000

356 763 000

0.29 

5.22 

0.97 

174 000 

3 944 000

870 000

2 175 000

290 000

797 500

8 250 500

3 132 000 

70 992 000

15 660 000

39 150 000

5 220 000

14 355 000

148 509 000

582 000 

13 192 000

2 910 000

7 275 000

970 000

2 667 500

27 596 500

12.69 

7 614 000 

172 584 000

38 070 000

95 175 000

12 690 000

34 897 500

361 030 500

2.65 

1.48 

2.73 

1 590 000 

36 040 000

7 950 000

19 875 000

2 650 000

7 287 500

75 392 500

888 000 

20 128 000

4 440 000

11 100 000

1 480 000

4 070 000

42 106 000

1 638 000 

37 128 000

8 190 000

20 475 000

2 730 000

7 507 500

77 668 500

100.00  60 000 000  1 360 000 000

300 000 000

750 000 000 100 000 000 275 000 000 2 845 000 000

EN 

16 
EN