Commission Regulation (EC) No 1189/2007 of 11 October 2007 fixing the depreciation coefficients to be applied when agricultural products are bought in, for the 2008 accounting year
Date: 2007-10-11
Institutions: European Commission
Subjects: agricultural product, devaluation, intervention agency, intervention buying, purchase price, ratio

12.10.2007

EN

Official Journal of the European Union

L 267/3

COMMISSION REGULATION (EC) No 1189/2007

of 11 October 2007

fixing the depreciation coefficients to be applied when agricultural products are bought in, for the
2008 accounting year

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

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) thereof,

Whereas:

of

Article

3(1)(b)

Under
Regulation
(EC) No 1290/2005 of 21 June 2005 on the financing
intervention to
of
regulate
the
by
financed
European Agricultural Guarantee Fund (EAGF).

the common agricultural policy (2),
agricultural markets

Council

is

8

of

foreseeable disposal price

accordance with Article

In
Regulation
(EEC) No 1883/78, depreciation of agricultural products
in public intervention storage must take place when they
are bought
in. The depreciation percentage must not
exceed the difference between the buying-in price and
these
the
products. That percentage must be fixed for each
product before the beginning of each accounting year.
The Commission may also restrict the depreciation at
the time of buying-in to a fraction of this depreciation
percentage, but that fraction may not be less than 70 %
of the overall depreciation.

each of

for

(1)

(2)

(3)

in the

and the

form of public
accounting of public

storage
vention measures
storage
operations
the Member
operations by the paying agencies of
States (3) lay down the methods for calculating the de-
preciation.

(4)

(5)

Coefficients for certain products to be applied by the
intervention agencies to the monthly buying-in values
of those products in the 2008 accounting year should
therefore be fixed, to enable the agencies to establish the
depreciation amounts.

The measures provided for in this Regulation are in
accordance with the opinion of the Committee on the
Agricultural Funds,

HAS ADOPTED THIS REGULATION:

Article 1

In respect of the products listed in the Annex which, having
been bought in by public intervention, are stored or taken over
by the intervention agencies between 1 October 2007 and 30
September 2008, the intervention agencies shall apply to the
values of the products bought in every month the depreciation
coefficients set out in the Annex.

Article 2

The expenditure amounts, calculated by taking account of the
depreciation referred to in Article 1 of this Regulation, shall be
notified to the Commission under the declarations established
Regulation
in
(EC) No 883/2006 (4).

Commission

accordance

with

Points 1, 2 and 3 of Annex VIII to Commission Regu-
lation (EC) No 884/2006 of 21 June 2006 laying down
detailed rules for the application of Council Regulation
(EC) No 1290/2005 as regards the financing by the
European Agricultural Guarantee Fund (EAGF) of inter-

Article 3

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 2007.

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

Done at Brussels, 11 October 2007.

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

(EC) No 734/2007 (OJ L 169, 29.6.2007, p. 5).
(2) OJ L 209, 11.8.2005, p. 1. Regulation as

last amended by
Commission Regulation (EC) No 378/2007 (OJ L 95, 5.4.2007,
p. 1).

(3) OJ L 171, 23.6.2006, p. 35. Regulation as amended by Regulation

(EC) No 721/2007 (OJ L 164, 26.6.2007, p. 4).

(4) OJ L 171, 23.6.2006, p. 1.

L 267/4

EN

Official Journal of the European Union

12.10.2007

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

ANNEX

Product

Coefficient

Common wheat of bread-making quality

Barley

Maize

White sugar

Paddy rice

Alcohol

Butter

Skimmed-milk powder

—

—

—

0,10

—

0,45

—

—