European Commission 28 July 2010, COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE COURT OF AUDITORS FINAL ACCOUNTS OF THE 8TH, 9TH AND 10TH EUROPEAN DEVELOPMENT FUNDS - FINANCIAL YEAR 2009

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This Communication presents the final accounts of the 8th, 9th, and 10th European Development Funds (EDFs) for financial year 2009, prepared by the European Commission's Accounting Officer in accordance with Title VIII of the 10th EDF Financial Regulation and accrual-based accounting principles derived from IPSAS/IFRS. The aggregated balance sheet of the three EDFs records total assets of EUR 1,585 million and net assets of EUR 724 million as at 31 December 2009, with an economic outturn deficit of EUR 3,094 million for the year, reflecting the non-budgetary, Member State-funded nature of the EDF and its multiannual programming framework. The accounts encompass funds managed by the European Commission (Parts I) and the Investment Facility managed by the European Investment Bank (Part II), the latter reporting a loss of EUR 21,608 thousand and total contributors' resources of EUR 1,043,960 thousand, with both components subject to audit by the European Court of Auditors and discharge by the European Parliament.AI