Commission Regulation (EC) No 1689/2005 of 14 October 2005 fixing the depreciation coefficients to be applied when agricultural products are bought in, for the 2006 financial year
Date: 2005-10-14
Institutions: European Commission
Subjects: agricultural product, fixing of prices, intervention buying, intervention price, intervention stock, purchase price, selling price

15.10.2005

EN

Official Journal of the European Union

L 271/29

COMMISSION REGULATION (EC) No 1689/2005

of 14 October 2005

fixing the depreciation coefficients to be applied when agricultural products are bought in, for the
2006 financial year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

(4)

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

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 Fund, Guarantee Section (1), and in particular the
second sentence of Article 8(1)

Whereas:

(1)

(2)

(3)

Pursuant to Article 8 of Regulation (EEC) No 1883/78,
depreciation of agricultural products in public inter-
vention storage must take place when they are bought
in. The depreciation percentage must not exceed the
difference between the buying-in price and the fore-
seeable disposal price for each of these products.

In accordance with Article 8(3) of Regulation (EEC) No
1883/78, the Commission may restrict depreciation at
the time of buying-in to a proportion of this depreciation
percentage, but such proportion may not be less than
70 % of total depreciation.

Coefficients to be applied for the 2006 financial year by
the intervention agencies to the monthly buying-in values
of products should be fixed, to enable the agencies to
establish the depreciation amounts.

HAS ADOPTED THIS REGULATION:

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
the intervention
October 2005 and 30 September 2006,
agencies shall apply, to the value of the products bought in
every month, the coefficients set out in the Annex.

Article 2

The expenditure amounts, calculated by taking account of the
depreciation referred to in Article 1 shall be notified to the
to
Commission under the declarations established pursuant
Commission Regulation (EC) No 296/96 (2).

Article 3

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

This Regulation shall apply from 1 October 2005.

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

Done at Brussels, 14 October 2005.

For the Commission

Mariann FISCHER BOEL
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 695/2005 (OJ L 114, 4.5.2005, p. 1).

(EC) No 1607/2005 (OJ L 256, 1.10.2005, p. 12).

L 271/30

EN

Official Journal of the European Union

15.10.2005

ANNEX

Depreciation coefficients to be applied to the monthly buying-in values

Product

Coefficient

Common wheat of bread-making quality

Barley

Maize

Sorghum

Sugar

Paddy rice

Alcohol

Butter

Skimmed-milk powder

Beef quarters

Boned beef

0,10

0,15

—

—

0,40

—

0,55

0,01

0,02

—

—