2014/55/EU: Decision of the European Central Bank of 27 December 2013 amending Decision ECB/2010/21 on the annual accounts of the European Central Bank (ECB/2013/52)

4.2.2014 EN Official Journal of the European Union L 33/7
DECISION OF THE EUROPEAN CENTRAL BANK
of 27 December 2013
amending Decision ECB/2010/21 on the annual accounts of the European Central Bank
(ECB/2013/52)
(2014/55/EU)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK
,
Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 26.2 thereof,
Whereas:
(1) Decision ECB/2010/21 (1) lays down the rules for drawing up the annual accounts of the European Central Bank (ECB).
(2) Article 24 of Decision ECB/2010/21 stipulates that if a specific accounting treatment is not laid down in Decision ECB/2010/21 and in the absence of a decision to the contrary of the Governing Council, the ECB shall follow valuation principles in accordance with the International Accounting Standards (IAS) as adopted by the European Union, which are relevant to the ECB’s activities and accounts.
(3) The ECB applies IAS 19 Employee Benefits for recognising actuarial gains and losses of post-employment benefits under the ‘corridor’ approach.
(4) IAS 19 was revised and is effective for annual periods beginning on or after 1 January 2013. Under the revised IAS 19, the ‘corridor’ approach has been eliminated.
(5) Annex I to Decision ECB/2010/21 should be amended to provide for the reporting of remeasurement results of the net defined benefit liability (asset) in respect of post-employment benefits on the liability side of the ECB’s balance sheet under item 14 ‘Revaluation accounts’.
(6) Decision ECB/2010/21 should therefore be amended accordingly,