CELEX: 51977PC0076
Language: en
Date: 1977-03-17
Title: Proposal for a Council Regulation on the necessary measures to achieve comparability between the accounting systems and annual accounts of railway undertakings (Communication from the Commission to the Council)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (77) 76
Vol. 1977/0030
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                           COM(77)76 final.
                                           Brussels , 17 March 1977 *
                - Proposal for a Council Regulation
                               on the
        necessary measures to achieve comparability "between
       the accounting systems and annual accounts of railway
                            undertakings
         ( Communication from the Commission to the Council ) ■
  CQM(77) 76 final .
 ---pagebreak---                                EXPLANATORY MEMORANDUM
1.       In accordance with Article 8(2 ) of Council Decision 75/327/EEC of
 20 May 1975 on       improvement of the situation of railway undertakings and
the harmonisation of rules governing the financial relations "between such
undertakings and States , "before 1 January 1978 , the Council , acting on a
proposal from the Commission, shall adopt the necessary measures to achieve
 comparability between the accounting systems and annual accounts of all
 railway undertakings and shall lay down uniform costing principles ".
 This proposal is designed to implement this Decision as regards the
comparability of accounting systems and annual accounts . Uniform costing
principles will be covered in a separate proposal .
2.      The purpose of introducing the proposed measures on the accounting
systems and annual accounts of national railway undertakings is to further
the harmonization of the rules governing the financial relations between the
railway undertakings and States . The aim of this harmonization is to
promote adequate autonomy for railway undertakings and the running of railway
undertakings on economic principles and ensure transparency of financial
intervention by the State .
        These objectives cannot be attained without an accounting system which
conforms to the guidelines set out in the Decision of 20 May 1975 > a*1** helps
to put them into effect .
3.      In addition , the comparability of accounting systems and annual
accounts is one prerequisite for any form of subsequent integration of
railway undertakings on which the Commission is to submit a report to the
Council pursuant to Article 8(2 ) of the abovementioned Council Decision of
20 May 1975 .
4.      In preparing its proposal , the Commission has been able to draw
extensively on the work of the International Union of Railways ( UIC ) which
was based on previous studies by the United Nations Economic Commission for
Europe ( ECE), Geneva. In the section dealing with general accounting the
uniform accounting scheme for railway undertakings described in UIC Document
No . 313 R offers a suitable means of complying with the requirements of the
Council Decision of 20 May 1975 *
        This accounting scheme , most of which is embodied in Annexes I to IV
of the proposal , contains outlines for the presentation of the balance sheet ,
and the profit and loss account , with nomenclatures covering the essential
elements of the annual accounts and accounting- systems of railways . Certain
adjustments have had to be made , in accordance with Article 8(3 ) of the
abovementioned Council Decision , to ensure transparency of results by sector
of activity and of revenue by category of traffic .
   OJ L 152 of 12 June 1975
 ---pagebreak---                                       -3-
 5.      The Commission also wondered whether the accounting scheme contained
 in the amended proposal for a fourth Council Directive      for coordination of
national legislation regarding the annual accounts of limited liability
companies could be applied to railway undertakings .
        However , the fact that most national railway undertakings in the
Community have a special legal status , the special features of railway
operations and the requirements of Article 8(3 ) of the Decision of 20 May 1975
have prompted the Commission to present the attached proposal . The Advisory
Committee set up by the Regulation could devise solutions to the problems
arising from the ultimate adoption of the accounting scheme contained in the
fourth Directive .
6.      In theory , the accounting scheme set out in the present proposal should
replace , as from the entry into force of the Regulation , the accounting schemes
and forms of annual accounts currently in use in the Member States .
        In most Member States , however , considerable problems would be entailed
in making an immediate switch from national systems to a Community system ,
since the national systems were designed to comply with specific legal
requirements in each Member State .
        For this reason , the proposal provides that the detailed rules for
drawing up and publishing the annual account of railway undertakings in force
at present may be maintained during a transitional period to be determined
subsequently by the Council . However , the comparability of accounting systems
and annual accounts will be achieved during this transition period
transposing the accounts in accordance with the layouts and nomenclatures of
the Community accounting scheme .
        A suitable way of complying with the requirements initially , would be
for these transposed accounts , with explanatory notes to be communicated to
the Commission , for the accounts to be examined by a special committee and for
a summary of the accounts to be sent to the Member States .
7.      The publication of annual accounts , currently governed by national
practice , will continue . The annual accounts drawn up according to the
Community accounting scheme will be published by the railway undertakings in
an annual report ; the current publication rules will however continue to
apply during the transitional period .
8.      The standardization of the accounting systems and annual accounts of
railway undertakings remains the final objective . One of the tasks of the
specialist oommittee will be to assist the Commission in examining the problems
which stand in the way of such unification and in seeking appropriate solutions .
  Supplement to Bulletin No . 6/74
 ---pagebreak---                        Proposal for a Council Regulation on the necessary
                   measures to achieve comparability b at we en the accounting
                       systems and annual accounts of railway undertakings
    THE C0ol7CIL OF THE EUROFEAK" GOMCJITITISS
    Having regard to the Treaty establishing the European Economic Community,
    and in particular Article 75 thereof ,
    Hiving regard to Council Decision 75/327/E3C^ of 20 Kay 1975 on -ke
    improvement of the situation of railway undertakings and the harmonization of
    rules governing financial relations "between such undertakings and States and
    in particular Article 8 ( 2 ) thereof,
    Having regard to the Proposal from the Commission ,
    Having regard to the opinion of the European Parliament ,
   Having regard to the opinion of the Economic and Social Committee ,
   Where.-is: trie harmonization of rules concerning financial relations "between
   . v -; es and railway undertakings must "be based as far as possible on the
   financial and accounting principles applicable to industrial ana commercial
   undertakings j whereas this harmonization demands the implementation of the
   necessary measures to achieve comparability between the accounting systems
   and annual accounts of all railway undertakings j
  V.hereas the^ comparability of the railway undertakings accounting systems
  must contribute to improved cooperation between railway undertakings j
  whereas tnis is indispensaole to any future integration of these undertakings ;
  Whereas i*c is appropriate that a uniform accounting scheme reflecting the
  special structure of railway undertakings should be laid down for the
 national railway undertakings of the Member States ;
 WhereasJorJ^iforation purposes , it is desirable that railway undertakings
_conxinue "GO puolish their accounts annually ;
 Whereas the replacement by"these provisions of those now in force concerning arnual
 accounts             may pose problems for certain railway undertakings ; ,- ereas it
 appropriate to lay down a transitional period during which the undertakings"
 may confine this operation to the transposition of the annual accounts in accordance
                 *. he uniform accounting scheme ;
    OJ JTo L 152 of 12 June 1975-
 ---pagebreak---                                       -5-
Whereas annual accounts , "transposed  if necessary, with explanatory notes ,
should be oommunicated to the Commission within a reasonable period to
enable it to assess them and to send a__summary thereof to the Member States ;
Whereas an Advisory Committee should be set up to assist the Commission in
standardising and rendering comparable the accounts of railway undertakings-
HAS ADOPTED THIS REGULATION :
                                                                             ./•
 ---pagebreak---                                         –6 –
                                     Article 1
          The purpose of this Regulation is to make the annual accounts of
 railway undertakings comparable . Annual accounts comprise the "balance sheet ,
 the profit and loss account and the related explanatory notes .
                                     Article 2
          This Regulation shall apply to the following railway undertakings :
 - Société Nationale des chemins de fer beiges ( SNCB)/Nationale Maatschappij
    der Belgische Spoorwegen (NMBS )
 -  Danske Statsbaner (DSB;
 -  Deutsche Bundesbahn (DB)
 -  Société Nationale des chemins de fer français ( SNCF)
 -  Corae Iompair Eireann ( CIE)
 -  Azienda autonoma delle ferrovie dello Stato (PS )
 –  Société Nationale des chemins de fer luxembourgeois ( CFL )
 -  Naamloze Vennootschap Nederlandse Spoorwegen (NS )
 -  British Railways Board ( BRB )
 -  Northern Ireland Railways Company Ltd . (NIR )
                                   Article 3
          Railway undertakings shall each year , starting with the accounting year 1978 ,
raw up . their annual accounts in accordance with Annexes I to IV which form an
 integral part of this Regulation .
                                   Article 4
 1.       The balance sheet drawn up in accordance with the model in Annex I
 shall use the nomenclature set out in Annex II .
 2.       The profit and loss account drawn up in accordance with the model in Annex III
 shall use the nomenclature set out in Annex IV .
                                   Article 5
          Railway undertakings shall attach to the annual accounts referred to in
Article 3 explanatory notes concerning any item in respect of which an estimate of value
has been made , for example depreciation , and work in progress . These notes
 shall explain the method of evaluation used .
                                                                              ./•
 ---pagebreak---                                        -7-
                                    Article 6
        The    annual accounts shall be published .  Their publication in the
annual report of the railway undertaking shall satisfy this obligation .
                                    Article 7
1       Asa transitional measure , the undertakings may continue their current
 method of presenting their annual accounts until the end of the accountery
year 19S4 >             on condition that these accounts are transposed in
accordance with the provisions of Article 3 to 5 * Where no entry is madein _
respect of an item of the nomenclature , the reason for this shall be stated .
2.      During the transitional period referred to above , the undertakings
shall publish their annual accounts in accordance with existing national
practice and the publication of transposed accounts shall not be compulsury .
                                    Article 8
1.       The Member States shall • communicate to the Commission within ten
months of the end of the accounting year in question the annual accounts
drawn up in accordance with the provisions of Articles 3 to 5        where
applicable , the transposed accounts referred to in Article 7 *
2.     After consulting the Committee referred to in Article 9 » the Commission
shall send a summary to the Member States within eight months of receiving
the accounts .   The Commission shall attach to this summary
any observations which in its opinion are called for regarding the              ~
implementation of this Regulation .
                                    Article 9
x.      An Advisory Committee attached to the Commission is hereby set up to
assist the Commission in the examination of the annual accounts of railway
undertakings .
2.      The Committee shall give its opinion on any question relating to
the implementation on this Regulation . It shall examine in particular the
problems and solutions connected with improving the comparability of the
annual accounts of railway undertakings and making progress towards greater
standardization of their accounting systems .
3.      The Committee shall be chaired by a representative of the Commission
and shall consist of two representatives designated by each Member State . The
Members of the Committee may request the assistance of designated experts .
            The Committee shall be convened by the Commission which shall
provide the necessary secretarial services .
                                                                              ./•
 ---pagebreak---                                       ~8 –
4«      The Committee 's conclusions shall "be included in the report which the
Commission is to submit to the Council every two years pursuant to Article 14
of Council Decision 75/327/SEC of 20 May 1975 on "th® improvement of the
situation of railway undertakings and the harmonization of rules governing
financial relations "between such undertakings and States .
                                   Article 10
       This Regulation shall "be binding in its entirety and directly
applicable in all Member States .
Done at Brussels .                                       For the Council
                                                          The President
 ---pagebreak---                                          LAYOUT OF THE BALANCE SHEET
                       ASSETS                                                         LIABILITIES
 FIXED ASSETS /"Installations                                    CAPITAL AND RESERyES
 Land and fixed                                          00      Capital
 Less : depreciation                                     01     Reserves
 Transport stock and.equi.pmQrvtk                        02
 Less : depreciation                                            CONTRIBUTIONS TO INVESTMENT COSTS
                                                                PROVISIONS
 Other stock & equipment                                 03.0
Less : depreciation                                             Provisions for replacement
                                                         03.9   Miscellaneous provisions
OTHER FIXED ASSETS                                       04     FUNDS FOR STAFF
Fixed assets under construction                                 LONG-TERM FINANCIAL DEBTS
Participants in other -undertakings                      05.0   Debentures
                                                         05.1   State loans
Long-term loans                                          05.9   Other financial debts
Cost of floating loans and
loan redemption premiums
Miscellaneous fixed assets                                      SHORT TERM DEBTS
STOCKS                                                   31     Creditors
                                                         40     Financial debts whose terra is less than
REALIZABLE AND LIQUID ASSETS                             44     Bills payable                \ one year
Debtors
Loans repayable within 1 year
Bills receivable
Cheques in hand
Securities
Postal cheque accounts , bank accounts ,
cash in hand
RESULTS                                                         RESULTS
Losses for <: previous financial years                   06.0   Profits for previous financial years
Loss for the financial year                              07.0   Profit for the financial year
                         ASSETS t TOTAL
                                                                                   LIABILITIES : TOTAL .,
 ---pagebreak---                                                                 Αηηαχ II
                                                                             /t
                 WCftTEffG LATITRE OF THE BAI.ANCB-SHEET ACCOUNTS
CLASS 0 * ACCOUNTS FOR CW17 CAPITAL
00 - CAPITAL
     00.0 – Stocks or shares paid up and not redeemed
     00.1 – Stocks or shares paid up and redeemed
     00.2 - Stocks and shares not paid up
     00.3 - State endowments or contributions
                               Initial capital and any variations
01 - RESERVES
     01.0 - Légal reserve
     01.1 – Statutory reserves
     01.2 – Reserves for revaluations of assets
                                Increases in value resulting from revaluations of
                               "balance-sheet items .
     01.9 – Other reserves
                                 Includes the capital component of the annual
                                 redemption payments on loans where Railways have
                                 charged this component to the profit and loss
                                 account .
02 - CONTRIHJTIONS TO INVESTMENT COSTS
                                Contribution by the State or by third parties to the
                                implementation of given investment projects
03 - PROVISIONS
     03.0 - Provisions for replacement
                                 Provisions made by certain Railways to finance the
                                 replacement of their fixed assets instead of
                                 depreciating them . Railways which depreciate their
                                 fixed assets should charge to this account the
                                 difference between the depreciation calculated
                                 according to the replacement value of a fixed
                                 asset and the depreciation calculated scoording to
                                 the original value .
 ---pagebreak---                                      -2-
     03.9 – Miscellaneous provisions
                        Provisions made to cover certain losses and charges .
                        Adjustments for depreciation are to be "booked to special
                        sub-accounts of the corresponding assets accounts .
04 - FUNDS FOR STAFF
                        In particular, pension funds administered by the
                        Railways where there are no autonomous pension schemes .
05 - LONG-TERM FINANCIAL DEBTS
                        These are debts whose term is longer than one year; they must
                    be entered in the accounts at repayment value .
     05.0 – Debenture: loans
     05.1 – State loans
     O5.9 - Other financial debts
06 - RESULTS BROUGHT FORWARD
     06.0 – Profits for previous financial years
     06.1 - Losses for previous financial years
07 - RESULT FOR THE FINANCIAL YEAR
     07.0 – Profit for the financial year
     07.1 – Loss for the financial year
                                                                            ./•
 ---pagebreak---                                          -3-
CLASS I - FIXED ASSET-    ACCOUNTS
10 - LA3JD AND FIXED INSTALLATIONS
     10.0 – Purchase or construction value
                          Including any revaluations and contributions to tmrd
                         parties .
             10.0.0 – Land ( both built on and not built on )
             10.0.1 - Earthworks and permanent way
             10.0.2 – Major structures
             10.0.3 – Buildings
             10.0.4 – Electrio traction fixed installations
             10.0.5 – Safety and telecommunications installations
                          Inoluding level crossings ; not including buildings
                          ( cf . aocount 10.0.3 )
             10.0.9 - Miscellaneous installations
     10.1 – Depreciation
11 - TRANSPORT STOCK AND EQUIPAIENT
     11.0 – Purchase or construction value
             11.0.0 – Tract ive unit s
                       11*0.0.0 – Steam locomotives
                       11.0.0.1 – Electric locomotives
                       11.0.0.2 – Electric railcars
                                     Including special trailers
                       11.0.0.3 – Diesel locomotives
                       II.O.O.4 – Diesel railcars
                                     Including special irailers
                       II.O.O.9 – Other powered units .
                                     Including battery powered rail motor tractors and
                                     railcars and diesel rail motor tractors .
 ---pagebreak---                                        -4-
                                                                           /i
             11.0.1 - Hauled passenger vehicles
             11.0.2 - Hauled goods vehicles
             11.0.3 - Road transport stock and equipment
             11.0.4 - Marine Btock and equipment
                              Including hovercraft
             11.0.9 - Other stock and equipment
                              Including large , medium and small containers
      11.1 - Depreciation
12 - OTHER STOCK AND EQUIPMENT
                              Including furniture , machinery , toolB and special-
                              purpose service vehicles ( railcars for the
                              inspection of tunnels , railcars for the inspection
                              of the overhead contact wire , etc .) pallets and
                              taokle .
      12.0 - Purchase or construction value
      12.1 – Depreciation <
13 - FIXED ASSETS UNDER CONSTRUCTION
     13.0 - Fixed installations
     13.1 - Transport stook and equipment
     13.9 - Other stook and equipment
14 - PARTICIPATIONS IN OTHER UNDERTAKINGS
15 - LONG-TERM LOANS
                             Loans whose term is mors than one year.
                             Adjustments ftfr depreciation are to be booked to
                             sub-aooount 15.1 .
                                                                              •/.
 ---pagebreak---                                                     -5-
      2 3 • C - Nominal v^l uo
                 15 - 0.0 – Loa" 3 to sur-s 'diar .
                  ; c. . (t . »> - 0t 'ic r 1 oans
      i'j.'. - Adjustments for depreciation
le -           •-*>' FLOATING LOiNS AND LOAN REPJ->IPJ. T CTI :".-- s*TLT ^
                                            For *th portion not yet paid ofS .
l7 - MISCELLANEOUS FIXED ASSETS
                                    Including patents , concessions , licences and other
                                            similar rights .
CLASS II - STOCK ACCOUNTS
20 - SUPPLIES IN STORE OR IN THE YARDS
                                           Adjustments for depreciation are to "be booked to
                                           sub-account 20.1 .
     20.0 - Purchase or construction value
               20.0.0 - Supplies for tractive units and hauled vehioles
               20.0.1 - Supplies for the permanent way
               20.0.2 - Safety and telecommunications supplies and supplies for
                                  electrical installation
               20.0.3 - Supplies for various fixed assets
               20.0.4 – Consumable supplies
     20.1 - Adjustments for depreciation
 ---pagebreak---                                       -6-
                                                                  m
                                                                         /i
21 - SUPPLIES BEIHO MANUFACTURED OR UNDER REPAIR
                            Including work in progress in the workshops , unless
                            -the value of this work is already included under
                            acoount 20 .
CLASS III - SUNDRY DEBTOR AJTD CREDITOR ACCOUNTS
30 - DEBTORS
     30.0 - Nominal value
             30.0.0 - Suppliers
             30.0.1 - Clients
                                                          Adjustments for
             30.0.2 - Staff
                                                          depreciation are to
             30.0.3 - State                               be booked to sub­
                                                          account 30.1
            30.0.4 - Susidiaries
            30.0.5 - Partners or shareholders
            30.0.6 - Other debtors
            30.0.7 – Suspense and pre-payment ac oount
     30.1 - Adjustments for depreciation
31 - CREDITORS
     31.0 - Suppliers
     31.1 - Clients
     31.2 - Staff
     31.3 - State
     31.4 – Subsidiaries
     31.5 – Partners or shareholders
     31.6 - Other creditors
                            Including deposits and securities reoeived
     31.7 - Suspense and prepayment account
 ---pagebreak---                                                      -7-
                                                                                        y Gr
  CU.ri3 ;*y - FlliMiCI hi, &CCCUST3
 40 ~ FINANCIAL DEF'S 'WHOSE TEffir is LS^c - TKA?» G»? YEAi?
 41 - LtWS WfiO'J'G TERK3 13 LESS '.VKAN QK2 YEAR
        4-- « > " Nominal value
        4--' i    A J. J ( atinei'jt for depm i at i on
 A2 - Bil l ,S REOEIVABLE
        42.0 ■" Bominal value
        4-:.a - Adjustments for depreciation
 43 - CHEQUES II? HMD
 44 - BILLS PAYABLE
 45 ~ SECURITIES
                                        Not including participation in other undertakings
                                        ( cf . account 14 )                              s
        4j»0 – Purchase value
       45«1 – Adjustments for depreciation
46 - POSTAL CHEQUE ACCOUNTS
A J -- BANK ACCOUNTS
43 - CA2JI IV HJL3D
Nu - Cla-js 7 - INTERNAL OPERATIONS                  may be used by networks which keep thei
accounts according to the uniform accounting scheme straight away.
 ---pagebreak---                                                                                          Annex III
   LAYOUT OP THE PROFIT MP LOPS ACCOUNT ( 91 )
   I. General operation                                                                          &
               COSTS BY TYPE                                            REVENUE BY TYPE
                                                  «
 60 Staff oosts                                       70 Traffic revenue
     A ) transport and anoillary activities                    , a?8en^er ^ luggage traffio
                                                               ( a) by rail
     B) other aotivities                                       lb ) by road
                                                               ( c ) by other means of transport
 61 Materials supplied and services performed
     bv- third parties                                   1 . GoodB traffic(a distinction to be made
     A) transport and anoillary activities                    between national and international
                                                              traffic )
     B) other aotivities                                      ( a) full train and wagon loads
                                                              vdj parr loaas and parcels
 62 Taxes and dues                                            ( c ) "by road
     A) transport and anoillary aotivities                    ( d) by other means of transport
                                                         2 . Postal traffift
     B) other aotivities
                                                     71 Finanoial revenue
                                                         1 . Source X
 63 Allocations for depreciation
                                                         2 . Source Y
     A ) transport and ancillary activities     I
                                                    72 Revenue from other activities and
     B) other activities                       I        miscellaneous income
64 Allocations to provision aocounts
                                                    73 Contra of oosts booked to other aocounts
    A) transport and ancillary activities
    B) other activities
                                                    74 Compensations received from the State and
65 Financial oharges                                    from other publio bodies under
    A) transport and ancillary aotivities               0. Regulation ( EEC ) 1191/69
                                                        1 . Regulation lEEC ^ 1192/69
    B) other aotivities                                 2 . Regulation ( EEC ; 1107/70
      EXPENDITURE TOTAL                                 REVENUE TOTAL
91.0 Operating profit for the financial year        91.1 Operating loss for the financial year
II . Summary of the profit and loss aocount
91 »1 Operating loss for the finanoial year         91.0 Operating profit for the financial year
91 .3 Exceptional losses                            91.2 Exceptional profits
91.4 Corporation tax                                91*5 Balancing subsidy
91.6 Profit for the financial year ( to be          91.7 Loss for the financial year ( to be
       transferred to account 0"?»0 )                       transferred to account 07 . l )
 ---pagebreak---                                                               Annex IV
                                                                             /F
Nomenclature of the Profit and Loss Account ( see Annex III for layout )
(Accounts for costs and income "by type)
I. GEÏÏERAL OPERATION
CLASS VI - ACCOUNTS FOR COSTS BY TYPE
60 – STAFF COSTS ( subdivided "between -A– "transport and ancillary activities'*
                    and -B– "other activities ")
     60.0 – Remuneration of staff in active employment
                              All remuneration of staff , including remuneration
                              relating to fixed assets , supplies and work for
                              third parties .
     60.1 – Pension charges
                              Amount of pensions paid out directly "by the
                              Railways less any contributions paid by employees
                              in aotive employment .
                              Amount of contributions paid by the Railways to
                              autonomous pension funds .
     60.2 – Miscellaneous sooial security costs
                              In particular, contributions by the Railways in
                              respects of family benefits , social welfare ,
                              security, staff training, etc .
                              The remuneration of staff in the department
                              responsible for pensions   and other welfare
                              activities is to be booked to account 60.0 .
61 - MATERIALS SUPPLIED AM) SERVICES PERFORMED BY THIRD PARTIES ( subdivided
                              between "transport and ancillary activities " and
                              "other activities")
           ♦> 1 £ .  »
                                                                              ./•
 ---pagebreak---                                        –2 –
     61.0 - Fuel , power and light
                               Consumption , for whatever purpose , including that
                               relating to fixed assets and third, parties .
     61.1 - Material consumption
                              Consumption for whatever purpose , including that
                              relating to fixed assets and third parties .
     61.2 - Services performed by third parties
                              Including those relating to fixed assets and
                              third parties .
     61.3 - Rentals
                              Inoluding hire of rolling stock and tools .
     61.4 - Miscellaneous charges
                              Including insurance premiums and indemnities , '
                              water and gas and sundry administrative costs
                              ( fees , telephone , postage , advertisements ,
                              publioity etc .).
62 – TAXES AND DUES ( subdivided between transport and ancillary activities
                      and other activities )
63 - ALLOCATION FOR DEPRECIATION ( subdivided between transport and ancillary
                      activities and other activities )
                               Also allocations to the replacement provision .
64 – ALLOCATIONS TO PROVISION ACCOUNTS ( subdivided between transport and
                      ancillary activities and other activities )
                               Provisions of all kinds .
65 - FINANCIAL CHARGES ( subdivided between transport and ancillary activities
                      and other activities ).
                                                                               ./
 ---pagebreak---                                      -3-
                                                                          lc
CLASS VII - REVENUE ACCOUNTS BY TYPE (*)
70 - TRAFPIC REVENUE
                           All traffic revenue ( rail , road and. other )
                           excluding service , transport operations but
                           inoluding associated revenue .
     70.0 - Passenger and luggage traffic
            a) by rail
            b ) by tfoad
            c ) by other means of transport
     70.1 - Goods traffic ( a distinction to be made between national and
                              international traffio )
            a) full trains and wagon loads
            b) part loads and parcels
            c ) by road
            d) by other means of transport .
      70.2 – Postal traffic .
71 - FINANCIAL REVENUE - Source
                          Inoluding interest on securities held and dividends
                          from participation in other undertakings
72 - REVENUE FROM OTHER ACTIVITIES AND MISCELLANEOUS INCOME
                          In particular from work and supplies for third
                          parties and rents .
73 - CONTRA OF COSTS BOOKED TO OTHER ACCOUNTS
                          In particular, fixed asset accounts and supplies
                          accounts .
(*) All revenue net of tax ( in particular, net of VAT)
                                                                             • /o
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    74 - CCMFS5TSATI0H3 RECEIVED PROM THE STATE AND PROM OTHER PUBLIC BODIES
         74.0 - Compensation for publio service obligations
                  (Regulation (EEC) 1191/69 )
                 74 . O.O - Tariff obligations
                                   All tariff obligations .
                 74*0.1 - Other compensations
         74*1 – Compensations for the normalization of aocounts
                 ( Regulation (EEC) II92/69 ) – in accordance with the provision
                 of Artiole 10 of Regulation 1192/69 *
         74*2 - Other compensations
                 (Regulation (EEC) 1107/70)
II . SUMMARY PROFITS AND LOSSES
         91.0  - Operating profit for the finanoial year
         91.1  - Operating loss for the financial year
         91.2  - Exceptional profits
         91.3  - Exceptional losses
         91.4 - Corporation tax
         91.5 - Balancing subsidy
         91 .6 - Profit for the financial year
         91*7 – LOBS for the finanoial year.