Report on the annual accounts of the European Foundation for the Improvement of Living and Working Conditions for the financial year 2004 together with the Foundation's replies
Date: 2005-10-05
Institutions: European Court of Auditors
Subjects: Eurofound, European Court of Auditors, administration of the Institutions, financial control, interinstitutional relations (EU), operating result, report

C 332/82

EN

Official Journal of the European Union

28.12.2005

REPORT

on the annual accounts of the European Foundation for the Improvement of Living
and Working Conditions for the financial year 2004 together
with the Foundation’s replies

(2005/C 332/12)

CONTENTS

INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

THE COURT’S OPINION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

OBSERVATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1-2

3-6

7-9

Tables 1 to 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

The Foundation’s replies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

83

83

83

84

88

Paragraph

Page

28.12.2005

EN

Official Journal of the European Union

C 332/83

INTRODUCTION

1.
The European Foundation for the Improvement of Living
and Working Conditions (hereinafter referred to as ‘the Founda-
tion’) was set up by Council Regulation (EEC) No 1365/75 of
26 May 1975 (1). Its aim is to contribute to the planning and
establishment of better living and working conditions in the Euro-
pean Union by increasing and disseminating knowledge which is
relevant to this subject. Table 1 summarises the Foundation’s
competences and activities on the basis of information it has
supplied.

2.
For information, the annual accounts drawn up by the
Agency for the financial year 2004 are summarised in Tables 2,
3 and 4.

THE COURT’S OPINION

3.
The Court’s opinion is addressed to the European Parlia-
ment and the Council in accordance with Article 185(2) of Coun-
cil Regulation (EC, Euratom) No 1605/2002 (2); it was drawn up
following an examination of the Foundation’s accounts, as
required by Article 248 of the Treaty establishing the European
Community.

4.
The Foundation’s accounts for the financial year ended
31 December 2004 (3) were drawn up by its Executive Director,
pursuant to Article 16 of Council Regulation (EEC) No 1365/75,
and sent to the Court, which is required to give its opinion on
their reliability and on the legality and regularity of the underly-
ing transactions.

5.
The Court conducted an audit in accordance with its poli-
cies and standards, which are based on international auditing
standards that have been adapted to the Community context. The
audit was planned and performed to obtain reasonable assurance
that the accounts are reliable and the underlying transactions are
legal and regular.

The Court has obtained a reasonable basis for the opinion

6.
expressed below.

Reliability of the accounts

The Foundation’s accounts for the financial year ended
31 December 2004 are, in all material respects, reliable.

Legality and regularity of the underlying transactions

transactions underlying the Foundation’s

The
accounts, taken as a whole, are legal and regular.

annual

The observations which follow do not call the Court’s opi-
nion into question.

OBSERVATIONS

Analysis of the appropriations carried over to the 2005
7.
financial year shows that 37 % of the commitments carried over
were entered into in December 2004. The majority relate to con-
tracts for studies to be carried out in 2005. This practice demon-
strates a lack of consistency between the Foundation’s annual
work programme, on the one hand, and the budget estimates, on
the other.

8.
The physical inventory was not exhaustive as no inventory
was made of IT equipment. No organisation manual and no
annual verification programme have yet been established (4).

9.
The revenue and expenditure account for the financial year
2003 shows a loss of 1,3 million euro. This amount should have
been recorded in an amending budget for the financial year
2004 (5).

This report was adopted by the Court of Auditors in Luxembourg at its meeting of 5 October
2005.

For the Court of Auditors
Hubert WEBER
President

(1) OJ L 139, 30.5.1975, p. 1.
(2) OJ L 248, 16.9.2002, p. 1.
(3) These accounts were drawn up on 7 June 2005 and received by the

Court on 29 July 2005.

(4) Article 224 of the detailed rules for the implementation of the general

Financial Regulation.

(5) Article 16(2) of the Foundation’s financial regulation.

C 332/84

EN

Official Journal of the European Union

28.12.2005

e
g
n
a
h
C

n
o

e
r
t
n
e
C

g
n

i
r
o
t
i

n
o
M

n
a
e
p
o
r
u
E

)

C
C
M
E
(

.
r
e
v
r
e
s
b
o
R
I
E

f
o

n
o
i
t
a
c
i
l

b
u
p

y
l
h
t
n
o
m

-
i
B

.
s
t
r
o
p
e
r

s
u
o
i
r
a
V

—

—

s
r
o
t
c
e
s

y
r
t
s
u
d
n

i

n
e
v
e
s

:
s
e
i
r
e
s

e
r
u
t
u
f

r
o
t
c
e
S

.

d
e
r
e
v
o
c

n
e
e
b

e
v
a
h

.
s
e
l
i
f

e
s
a
c

s
u
o
i
r
a
V

—

—

s
u
o
i
r
a
v

n

i

n
o
i
t
a
p
i
c
i
t
r
a
p

d
n
a

f
o

n
o
i
t
a
s
i
n
a
g
r
O

—

.
e
n

i
l

n
o
R
I
E

.
s
r
a
n
m
e
s

i

s
e
m
e
h
T

l
a
s
r
e
v
s
n
a
r
T

-
i

m
e
s

d
n
a

s
e
c
n
e
r
e
f
n
o
c

5
9

n

i

t
r
a
p

n
e
k
a
t

d
n
a

n
o
i
t
a
d
n
u
o
F

e
h
t

,
s
n
o
i
t
a
l
s
n
a
r
t

i

g
n
d
u
l
c
x
E

.
s
r
a
n

d
e
t
a
l
u
c
r
i
c
d
n
a

s
n
o
i
t
a
c
i
l

b
u
p
2
6
1
d
e
c
u
d
o
r
p
s
a
h

s
e
c
n
e
r
e
f
n
o
c
1
4
d
e
s
i
n
a
g
r
o
s
a
h
n
o
i
t
a
d
n
u
o
F
e
h
T

—

.
s
r
e
t
t
e
l
s
w
e
n

0
1

.
s
t
r
o
p
e
r

y
r
t
n
u
o
c

d
n
a

l
a
r
e
n
e
g

s
u
o
i
r
a
V

—

n
o
i
t
a
c
i
n
u
m
m
o
c

d
n
a
n
o
i
t
a
m
r
o
f
n
I

t
u
o
b
a

s
e
l
c
i
t
r
a

d
n
a

s
t
r
o
p
e
r

f
o

n
o
i
t
a
l
u
c
r
i
C

—

)
4
(

5

:

d
e
x
i
M

.
)

O
R
I
E
(

y
r
o
t

)
8
2
(

2
3

:
e
v
i
t
a
r
t
s
i
n
m
d
A

i

s
i

s
t
r
e
p
x
E
f
o
e
e
t
t
i

m
m
o
C
e
h
T

.

3

y
l
e
s
o
l
c

s
a

e
t
a
r
e
p
o
o
c

o
T

—

,
s
r
e
k
r
o
w

-
u
c
i
t
r
a
p
n

i

i

i

s
n
o
n
p
o
s
e
v
i
g

,

n
o
i
s

.
e
m
m
a
r
g
o
r
p

k
r
o
w
e
h
t

n
o

r
a
l

n
a
e
p
o
r
u
E

:
t
i
d
u
a

l
a
n
r
e
t
x
E

.

4

.
s
r
o
t
i
d
u
A

f
o

t
r
u
o
C

n
o
i
t
a
d
n
e
m
m
o
c
e
r

a

n
o

t
n
e
m

-
a
i
l
r
a
P
e
h
t
y
b
n
e
v
i
g
e
g
r
a
h
c
s
i
D

.

5

.
l
i
c
n
u
o
C
e
h
t

y
b

s
r
e
b
m
e
m

5
1

f
o

d
e
s
o
p
m
o
c

a
n
o

l
i
c
n
u
o
C
e
h
t

y
b
d
e
t
n
o
p
p
a

i

-
s
i

m
m
o
C

e
h
t

m
o
r
f

l
a
s
o
p
o
r
p

g
n
i
t
s
i
x
e

h
t
i

w
e
l
b
i
s
s
o
p

s
a

.
s
e
t
u
t
i
t
s
n

i

d
e
s
i
l
a
i
c
e
p
s

e
h
t

e
h
t

f
o

n

i

f
o

t
n
e
m
e
v
o
r
p
m

i

,
t
n
e
m
n
o
r
i
v
n
e

f
o

s
t
c
e
p
s
a
m
r
e
t
-
g
n
o

l

—

s
e
i
t
i
v
i
t
c
a

n
a
m
u
h

.
e
m

i
t

n

i

d
n
a

e
c
a
p
s

n
o
i
t
u
b

i
r
t
s
i

d

e
h
t

—

n

i

e
f
i
l

f
o

y
t
i
l
a
u
Q

‘

,
’
e
p
o
r
u
E

d
e
g
r
a
l
n
e

n
a

n

i

s
n
o
i
t
i

d
n
o
c

g
n
i
v
i
l

f
o

n
o
i
t
p
e
c
r
e
P

‘

:
s
n
o
i
t
a
c
i
l

b
u
P

—

o
t
k
c
a
b

:
s
e
i
t
i
l
i

b
a
s
i
d
d
n
a

t
n
e
m
y
o
p
m
E

l

‘

,
’
e
p
o
r
u
E

i

f
o
n
o
i
t
a
n
m
e
s
s
i
d
d
n
a

s
i
s
y
l
a
n
a

,
’
s
e
i
g
e
t
a
r
t
s
k
r
o
w

-
e
g
a
n
a
m
e
m

i
t
o
t
g
n
i
t
a
l
e
r
y
d
u
t
s

,
a
t
a
d

l
a
c
i
t
s
i
t
a
t
s

.
e
f
i
l

f
o

e
s
r
u
o
c

e
h
t

r
e
v
o

t
n
e
m

.

y
r
o
t
a
v
r
e
s
b
O

s
n
o
i
t
i
d
n
o
C
g
n
i
k
r
o
W
n
a
e
p
o
r
u
E

-
i
r
a
v

,
t
n
e
m
y
o
p
m
e

l

d
n
a

g
n
i
e
g
a

n
o

s
t
r
o
p
e
R

,
)
t
n
e
m

s
s
a
r
a
h

,

g
n
i
k
r
o
w
e
m

i
t
-
t
r
a
p
(

s
t
r
o
p
e
r

s
u
o

.

y
e
v
r
u
s

5
0
0
2

e
h
t

r
o
f

n
o
i
t
a
r
a
p
e
r
p

—

—

s
n
o
i
t
i
d
n
o
c

g
n
i
k
r
o
W

-
a
v
r
e
s
b
O

s
n
o
i
t
a
l
e
R

l
a
i
r
t
s
u
d
n
I

n
a
e
p
o
r
u
E

—

s
n
o
i
t
a
l
e
r

l
a
i
r
t
s
u
d
n
I

:

y
d

i
s
b
u
s

y
t
i
n
u
m
m
o
C

h
c
i
h
w

f

O

)

%
3
8
9
(

,

%
6
9
9

,

:

4
0
0
2

r
e
b
m
e
c
e
D
1
3

t
a

s
a

f
f
a
t
S

e
h
t

n

i

r
o
f

d
e
d
i
v
o
r
p

s
t
s
o
p

)
8
8
(

1
9

:

h
c
i
h
w

f
o

,

n
a
l
p

t
n
e
m
h
s
i
l

b
a
t
s
e

-
e
r
p
e
r

t
n
e
m
n
r
e
v
o
g

e
n
o

-
n
e
s
e
r
p
e
r

e
n
o

,
e
v
i
t
a
t
n
e
s

’

s
r
e
y
o
p
m
e

l

m
o
r
f

e
v
i
t
a
t

e
n
o

d
n
a

s
n
o
i
t
a
s
i
n
a
g
r
o

,
e
v
i
t
a
t
n
e
s
e
r
p
e
r

’

s
r
e
k
r
o
w

m
o
r
f

s
e
v
i
t
a
t
n
e
s
e
r
p
e
r

3

—

d
e
i
p
u
c
c
o

e
r
e
w

)
6
7
(

4
7

.

n
o
i
s
s
i

m
m
o
C
e
h
t

l
a
n
o
i
t
a
N

d
e
d
n
o
c
e
S

:
f
f
a
t
s

r
e
h
t
O

y
c
n
e
g
a

t
n
e
m
y
o
p
m
e

l

d
n
a

s
t
r
e
p
x
E

)
6
1
(

6
1

:
f
f
a
t
s

)
0
6
(

3
5

:
s
e
i
t
i
v
i
t
c
a

l
a
n
o
i
t
a
r
e
p
O

)
2
9
(

0
9

:
d
e
y
o
l
p
m

e

f
f
a
t
s

l
a
t
o
T

-
n
a
c
f
o
t
s
i
l
a
m
o
r
f
n
o
i
s
s
i

m
m
o
C

e
h
t

e
h

f
o

s
n
o
i
s
i
c
e
d

e
h
t

s
t
n
e
m
e
l
p
m

i

y
b

d
e
t
t
i

m
b
u
s

s
e
t
a
d

i

d

,

d
r
a
o
B

e
v
i
t
a
r
t
s
i
n
m
d
A

i

d
n
a

d
r
a
o
B

e
v
i
t
a
r
t
s
i
n
m
d
A
e
h
t

i

.

n
o
i
t
a
d
n
u
o
F

e
h
t

s
t
c
e
r
i
d

e
h
t

y
b

i

d
e
t
n
o
p
p
a

r
o
t
c
e
r
i
D

.

2

,
s
e
i
t
i
s
r
e
v
i
n
u

n
e
e
w
t
e
b

-
i
t
s
n

i

h
c
r
a
e
s
e
r

d
n
a

y
d
u
t
s

d
n
a

c
i
m
o
n
o
c
e

s
n
o
i
t
a
r
t
s
i
n
m
d
a

i

,
s
e
t
u
t

l
a
i
c
o
s

;
s
n
o
i
t
a
s
i
n
a
g
r
o

d
n
a

r
o

s
e
i

d
u
t
s

t
u
o

y
r
r
a
c

-
n
o
c

y
d
u
t
s

e
d
u
l
c
n
o
c

o
T

o
t

e
d

i
v
o
r
p

o
t

d
n
a

s
t
c
a
r
t

t
o

l
i

p

r
o
f

e
c
n
a
t
s
i
s
s
a

;
s
t
c
e
j
o
r
p

d
n
a

e
s
e
h
t

n
o
i
t
a
m
r
o
f
n

i

n

i

e
c
n
e
i
r
e
p
x
e

;
s
d
l
e
i
f

o
T

f
o

t
c
a
t
n
o
c

e
t
a
t
i
l
i
c
a
f

o
T

—

e
h
t

o
t

e
t
u
b

i
r
t
n
o
c

o
t

e
b

l
l
a
h
s

g
n
i
v
i
l

r
e
t
t
e
b

f
o

t
n
e
m
h
s
i
l

b
a
t
s
e

y
b

s
n
o
i
t
i

d
n
o
c

g
n
i
k
r
o
w

d
n
a

g
n
i
t
a
n
m
e
s
s
i

i

d

d
n
a

g
n
i
s
a
e
r
c
n

i

t
n
a
v
e
l
e
r

s
i

h
c
i
h
w

e
g
d
e
l
w
o
n
k

t
i

,
r
a
l
u
c
i
t
r
a
p
n
I

.
t
c
e
j
b
u
s

s
i
h
t
o
t

-
l
o
f

e
h
t

r
e
d
i
s
n
o
c
o
t
d
e
r
i
u
q
e
r

s
i

:
s
a
e
r
a

i

g
n
w
o

l

—

k
r
o
w

f
o

n
o
i
t
a
s
i
n
a
g
r
o

b
o

j

y
l
r
a
l
u
c
i
t
r
a
p

d
n
a

,

n
g
i
s
e
d

,

k
r
o
w

t
a

n
a
m

—

—

f
o

s
e
i
r
o
g
e
t
a
c

n
i
a
t
r
e
c

o
t

r
a
i
l

u
c
e
p

s

m
e
l

b
o
r
p

—

)
o
r
u
e
n
o
i
l
l
i

,

m
8
6
1
(
o
r
u
e
n
o

i
l
l
i

m
1
8
1

,

:
e
t
a
t
S
r
e
b
m
e
M
h
c
a
e
m
o
r
f

—

e
g
n
a
h
c
x
e

e
h
t

r
e
t
s
o
f

—

n
o
i
t
a
d
n
u
o
F

e
h
t

f
o

m
i
a

e
h
T

1

e
l
b
a
T

)
n

i
l
b
u
D

(

s
n
o
i
t
i
d
n
o
C
g
n
i
k
r
o
W
d
n
a

g
n
i
v
i
L

f
o

t
n
e
m
e
v
o
r
p
m

I

e
h
t

r
o
f

n
o
i
t
a
d
n
u
o
F

n
a
e
p
o
r
u
E

d
e
d
i
v
o
r
p

s
e
c
i
v
r
e
s

d
n
a

s
t
c
u
d
o
r
P

4
0
0
2

r
a
e
y

l
a
i
c
n
a
n
i
f

e
h
t

g
n
i
r
u
d

e
h
t

o
t

e
l
b
a
l
i
a
v
a

s
e
c
r
u
o
s
e
R

)
a
t
a
d

3
0
0
2
(

n
o
i
t
a
d
n
u
o
F

e
c
n
a
n
r
e
v
o
G

n
o
i
t
a
l
u
g
e
R

l
i
c
n
u
o
C

n

i

d
e
n
i
f
e
d

s
a

n
o
i
t
a
d
n
u
o
F

e
h
t

f
o

s
e
c
n
e
t
e
p
m
o
C

5
7
9
1

y
a
M
6
2

f
o

5
7
/
5
6
3
1

o
N

)

C
E
E
(

y
t
i
n
u
m
m
o
C

f
o

s
a
e
r
A

e
h
t

m
o
r
f

g
n
i
v
i
r
e
d

e
c
n
e
t
e
p
m
o
c

y
t
a
e
r
T

s
n
o
i
t
i
d
n
o
c

g
n
i
v
i
L

:
t
e
g
d
u
b

l
a
n
i
F

d
r
a
o
B
e
v
i
t
a
r
t
s
i
n
m
d
A

i

.

1

s
k
s
a
T

s
e
v
i
t
c
e
j
b
O

-

m
e
M
e
h
t
d
n
a

y
t
i
n
u
m
m
o
C
e
h
T

‘

-
n
u
f

i

d
n
m
n

i

g
n
i
v
a
h

,
s
e
t
a
t
S

r
e
b

l
l
a
h
s

…

s
t
h
g
i
r

l
a
i
c
o
s

l
a
t
n
e
m
a
d

…

s
e
v
i
t
c
e
j
b
o

r
i
e
h
t

s
a

e
v
a
h

g
n
i
k
r
o
w

d
n
a

g
n
i
v
i
l

d
e
v
o
r
p
m

i

y
t
i
n
u
m
m
o
C

e
h
t

…
s
n
o
i
t
i

d
n
o
c

-
e
l
p
m
o
c

d
n
a

t
r
o
p
p
u
s

l
l
a
h
s

-

m
e
M
e
h
t

f
o

s
e
i
t
i
v
i
t
c
a

e
h
t

t
n
e
m

i

g
n
w
o

l
l

o
f

e
h
t

n

i

s
e
t
a
t
S

r
e
b

;
s
n
o
i
t
i
d
n
o
c
g
n
i
k
r
o
w

)
b
(

…
s
d
l
e
i
f

l
a
i
c
o
s

e
h
t

d
n
a

y
t
i
r
u
c
e
s

l
a
i
c
o
s

)
c
(

-
o
r
p

)
d
(

;
s
r
e
k
r
o
w

f
o

n
o
i
t
c
e
t
o
r
p

r
i
e
h
t

e
r
e
h
w

s
r
e
k
r
o
w

f
o

n
o
i
t
c
e
t

-
i

m
r
e
t

s
i

t
c
a
r
t
n
o
c

t
n
e
m
y
o
p
m
e

l

n
o
i
t
a
m
r
o
f
n

i

e
h
t

)
e
(

;

d
e
t
a
n

;
s
r
e
k
r
o
w

f
o

n
o
i
t
a
t
l
u
s
n
o
c

d
n
a

-
l
o
c

e
h
t

d
n
a

n
o
i
t
a
t
n
e
s
e
r
p
e
r

)
f
(

s
t
s
e
r
e
t
n

i

e
h
t

f
o

e
c
n
e
f
e
d

e
v
i
t
c
e
l

,
s
r
e
y
o
p
m
e

l

d
n
a

s
r
e
k
r
o
w

f
o

)
g
(

;

i

n
o
i
t
a
n
m
r
e
t
e
d
-
o
c

i

g
n
d
u
l
c
n

i

r
o
f

e
h
t

t
n
e
m
y
o
p
m
e

l

f
o

s
n
o
i
t
i

d
n
o
c

)
h
(

;
s
l
a
n
o
i
t
a
n

y
r
t
n
u
o
c
-
d
r
i
h
t

d
e
d
u
l
c
x
e

s
n
o
s
r
e
p
f
o
n
o
i
t
a
r
g
e
t
n

i

)
i
(

;
t
e
k
r
a
m

r
u
o
b
a
l

e
h
t

m
o
r
f

d
n
a

n
e
m

n
e
e
w
t
e
b

y
t
i
l
a
u
q
e

’

…
n
e
m
o
w

e
h
t

f
o

7
3
1

d
n
a

6
3
1

s
e
l
c
i
t
r

A

(

)
y
t
a
e
r
T

.

n
o
i
t
a
d
n
u
o
F

e
h
t

y
b

d
e
i
l

p
p
u
s

n
o
i
t
a
m
r
o
f
n
I

:
e
c
r
u
o
S

28.12.2005

EN

Official Journal of the European Union

C 332/85

)
o
r
u
e

0
0
0
1
(

e
r
u
t
i
d
n
e
p
x
E

e
u
n
e
v
e
R

2

e
l
b
a
T

4
0
0
2

r
a
e
y

l
a
i
c
n
a
n
i
f

e
h
t

r
o
f

t
e
g
d
u
b

e
h
t

f
o

n
o
i
t
a
t
n
e
m
e
l
p
m

I

—

s
n
o
i
t
i
d
n
o
C
g
n
i
k
r
o
W
d
n
a

g
n
i
v
i
L

f
o

t
n
e
m
e
v
o
r
p
m

I

e
h
t

r
o
f

n
o
i
t
a
d
n
u
o
F

n
a
e
p
o
r
u
E

s
n
o
i
t
a
i
r
p
o
r
p
p
a

e
l
b
a
l
i
a
v
A

d
n
a

r
a
e
y

l
a
i
c
n
a
n
i
f

t
n
e
r
r
u
c

e
h
t

r
o
f

s
n
o
i
t
a
i
r
p
o
r
p
p
a
(

-
n
a
n
i
f

s
u
o
i
v
e
r
p

e
h
t

m
o
r
f

r
e
v
o

d
e
i
r
r
a
c

s
n
o
i
t
a
i
r
p
o
r
p
p
a

)
r
a
e
y

l
a
i
c

r
e
v
o

d
e
i
r
r
a
c

s
n
o
i
t
a
i
r
p
o
r
p
p
A

l
a
i
c
n
a
n
i
f

s
u
o
i
v
e
r
p

e
h
t

m
o
r
f

r
a
e
y

t
e
g
d
u
b

l
a
n
i
f

e
h
t

n

i

s
n
o
i
t
a
i
r
p
o
r
p
p
A

-
n
a
c

d
e
l
l
e
c

d
e
i
r
r
a
c

r
e
v
o

d
i
a
p

-

m
o
c

d
e
t
t
i

m

-
o
r
p
p
a

-
a
i
r
p

s
n
o
i
t

-
n
a
c

d
e
l
l
e
c

d
i
a
p

-
t
u
o

-
d
n
a
t
s

g
n

i

-

m
o
c

-
t
i

m

s
t
n
e
m

-
n
a
c

d
e
l
l
e
c

d
e
i
r
r
a
c

r
e
v
o

d
i
a
p

-

m
o
c

d
e
t
t
i

m

d
e
r
e
t
n
e

n
o
i
t
a
c
o

l
l
a

e
r
u
t
i
d
n
e
p
x
E

d
e
t
c
e
l
l

o
c

e
u
n
e
v
e
R

d
e
r
e
t
n
e

e
u
n
e
v
e
R

t
e
g
d
u
b

l
a
n
i
f

e
h
t

n

i

l
a
i
c
n
a
n
i
f

e
h
t

r
o
f

r
a
e
y

e
u
n
e
v
e
r

f
o

n
i
g
i
r

O

1
1

3
2

8

2
4

2
3
1

3
0
7
8

6
4
8
8

6
4
8
8

9
8
4

4
7
4
1

0
8
9
1

6
8
9
1

2
2
5
2

7
6
8
7

5
9
3
0
1

7
9
3
0
1

3
4
1
3

4
4
0
8
1

1
2
2
1
2

9
2
2
1
2

1
1

7
1

6

4
3

7
9

8
0
1

7
0
2

4
2
2

1
1
8
2

7
1
8
2

5
1
1
3

9
4
1
3

0

6

2

8

9
8
4

7
6
2
1

6
5
7
1

2
6
7
1

n
o
i
t
a
r
t
s
i
n
m
d
A

i

2
2
5
2

6
5
0
5

8
7
5
7

0
8
5
7

s
e
i
t
i
v
i
t
c
a

g
n
i
t
a
r
e
p
O

I
I
I

e
l
t
i
T

0

6
8

0

0
8

2
3
1

6
0
6
8

8
3
7
8

8
3
7
8

I

e
l
t
i
T

f
f
a
t
S

I
I

e
l
t
i
T

0
0
0
8
1

0
0
0
8
1

y
t
i
n
u
m
m
o
C

s
e
i
d
i
s
b
u
s

s
e
i
d
i
s
b
u
s

r
e
h
t
O

e
u
n
e
v
e
r

r
e
h
t
O

3
4
1
3

9
2
9
4
1

2
7
0
8
1

0
8
0
8
1

l
a
t
o
T

6
8
0
8
1

0
8
0
8
1

l
a
t
o
T

.
s
t
n
u
o
c
c
a

l
a
u
n
n
a

s
t
i

n

i

n
o
i
t
a
d
n
u
o
F

e
h
t

y
b

d
e
d
i
v
o
r
p

a
t
a
d

e
h
t

s
e
s
i
r
a
m
m
u
s

e
l
b
a
t

s
i
h
T
—

a
t
a
d

’

s
n
o
i
t
a
d
n
u
o
F

e
h
T

:
e
c
r
u
o
S

C 332/86

EN

Official Journal of the European Union

28.12.2005

European Foundation for the Improvement of Living and Working Conditions — Revenue and expenditure accounts
for the financial years 2004 and 2003

Table 3

2004

2003

(1 000 euro)

18 000

17 090

5

81

40

42

Total revenue (a)

18 086

17 172

Revenue

Commission subsidies

Miscellaneous revenue

Revenue from services rendered

Expenditure

Staff — Title I of the budget

Payments

Appropriations carried over

Administration — Title II of the budget

Payments

Appropriations carried over

Operating activities — Title III of the budget

Payments

Appropriations carried over

8 606

132

1 267

489

5 056

2 522

18 072

14

– 1 296

34

18

0

0

0

10

– 4

8 927

109

968

224

3 733

2 817

16 778

394

– 1 836

118

19

639

361

– 1 000

0

9

Total expenditure (b)

Outturn for the financial year (a – b)

Balance carried over from the previous financial year

Appropriations carried over and cancelled

Sums from the previous financial year for re-use and not used

Phare revenue collected

Phare revenue to be collected

Phare expenditure

Other adjustments

Exchange-rate differences

Source: The Foundation’s data — This table summarises the data provided by the Foundation in its annual accounts.

Balance for the financial year

– 1 224

– 1 296

28.12.2005

EN

Official Journal of the European Union

C 332/87

European Foundation for the Improvement of Living and Working Conditions — Balance sheet as
at 31 December 2004 and 31 December 2003

Table 4

Assets

2004

2003

Liabilities

2004

2003

(1 000 euro)

Fixed assets

Intangible fixed assets

Buildings

Furniture and vehicles

Computer equipment

Technical and other equipment

Stocks

Office supplies

Current assets

Commission PHARE receivables

Advances

VAT to be recovered

Recovery orders to be collected

Sundry accounts receivable

Cash accounts

Banks

Cash

Imprest account

Fixed capital

11

27

Own capital

14 426

15 682

Revaluation reserve

98

190

431

142

107

518

Balance for the financial year

Current liabilities

3 068

4 389

12 094

12 094

– 1 224

– 1 296

Subtotal

13 938

15 187

Automatic carry-overs of appropriations

3 143

3 150

Subtotal

15 156

16 476

Bank interest to be reimbursed to the
Commission

Subtotal

6

6

100

1

230

6

0

Subtotal

337

PHARE liabilities

Miscellaneous

7

7

Suspense accounts

361

Sums to be re-used

2

Deferred revenue

281

Payments in progress

5

41

690

48

0

8

0

329

0

Subtotal

3 199

3 479

0

6

5

11

22

2

0

24

Subtotal

1 634

1 331

3

12

3

183

Subtotal

1 649

1 517

Total

17 148

18 690

Total

17 148

18 690

Source: The Foundation’s data — This table summarises the data provided by the Foundation in its annual accounts.

C 332/88

EN

Official Journal of the European Union

28.12.2005

THE FOUNDATION’S REPLIES

Due to unforeseen circumstances, a significant surplus
7.
became available in some budget lines and was utilised in Decem-
ber to commence work on research activities relevant for 2004
and 2005. Moreover in order to increase the synergy between
Foundation activities, it was decided to use a single tender in
2005 for all services for observatories. As a consequence some of
the relevant existing contracts had to be extended in December to
bridge the time between the conclusion of those contracts and
that foreseen for commencement of a new 2005 contract.

Procedures have now changed to provide for registration

8.
in the inventory on the basis of Delivery Dockets.

The updating of the financial procedures manual is scheduled for
completion in September 2005 and will incorporate an annual
programme for verification of inventory items.

9.
The 1,3 million euro represents sums due for payment by
the Commission to the Foundation. The Commission was con-
tacted during 2004 with regard to establishing an amending bud-
get and has indicated it will examine the issue in 2005.