This document is an excerpt from the EUR-Lex website
Document 32024D2938
Decision (EU) 2024/2938 of the European Central Bank of 14 November 2024 on the annual accounts of the European Central Bank (ECB/2024/32) (recast)
Decision (EU) 2024/2938 of the European Central Bank of 14 November 2024 on the annual accounts of the European Central Bank (ECB/2024/32) (recast)
Decision (EU) 2024/2938 of the European Central Bank of 14 November 2024 on the annual accounts of the European Central Bank (ECB/2024/32) (recast)
ECB/2024/32
OJ L, 2024/2938, 11.12.2024, ELI: http://data.europa.eu/eli/dec/2024/2938/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
In force
|
Official Journal |
EN L series |
|
2024/2938 |
11.12.2024 |
DECISION (EU) 2024/2938 OF THE EUROPEAN CENTRAL BANK
of 14 November 2024
on the annual accounts of the European Central Bank (ECB/2024/32)
(recast)
THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,
Having regard to the Treaty on the Functioning of the European Union,
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 (EU) 2016/2247 of the European Central Bank (ECB/2016/35) (1) has been substantially amended several times. Since further amendments are to be made, that Decision should be recast in the interests of clarity. |
|
(2) |
Pursuant to Article 26.2 of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’), the annual accounts of the European Central Bank (ECB) shall be drawn up by the Executive Board, in accordance with the principles established by the Governing Council and shall be approved by the latter. This Decision establishes the rules applicable to the ECB for the purpose of drawing up its annual accounts. |
|
(3) |
The composition and valuation rules include the possibility for the Governing Council to establish in the ECB’s balance sheet a provision to cover financial risks. |
|
(4) |
Income is recognised in accordance with and by reference to the rules established in Guideline (EU) 2024/2941 of the European Central Bank (ECB/2024/31) (2), as well the accounting for off-balance sheets instruments. |
|
(5) |
Where a specific accounting treatment is not laid down in this Decision and in the absence of a decision to the contrary by the Governing Council, the ECB should follow valuation principles in accordance with International Financial Reporting Standards as adopted by the European Union as relevant to the ECB’s activities and accounts, |
HAS ADOPTED THIS DECISION:
CHAPTER I
GENERAL PROVISIONS
Article 1
Definitions
1. The terms defined in Article 1 of Guideline (EU) 2024/2941 (ECB/2024/31) have the same meaning when used in this Decision.
2. Other technical terms used in this Decision have the same meaning as in Annex II to Guideline (EU) 2024/2941 (ECB/2024/31).
Article 2
Scope of application
The rules set out in this Decision shall apply to the annual accounts of the European Central Bank (ECB) comprising the balance sheet, items recorded in the books of the ECB off-balance-sheet, the profit and loss account and the notes to the annual accounts of the ECB.
Article 3
Qualitative characteristics
The qualitative characteristics defined in Article 3 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply for the purposes of this Decision.
Article 4
Basic accounting assumptions
1. The basic accounting assumptions defined in Article 4 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply for the purposes of this Decision.
2. In derogation from the first sentence of Article 4(3) of Guideline (EU) 2024/2941 (ECB/2024/31), post-balance sheet events shall only be taken into account until the date on which the Executive Board authorises the submission of the ECB’s annual accounts to the Governing Council for approval.
Article 5
Economic and cash/settlement approaches
The rules set out in Article 5 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to this Decision.
Article 6
Recognition of assets and liabilities
A financial or other asset/liability shall only be recognised in the balance sheet of the ECB in accordance with Article 6 of Guideline (EU) 2024/2941 (ECB/2024/31).
CHAPTER II
COMPOSITION AND VALUATION RULES FOR THE BALANCE SHEET
Article 7
Composition of the balance sheet
The composition of the balance sheet shall be based on the structure set out in Annex I.
Article 8
Provision for financial risks
Taking into due consideration the nature of the ECB’s activities, the Governing Council may establish a provision for financial risks in the balance sheet of the ECB. The Governing Council shall decide on the size and use of the provision on the basis of a reasoned estimate of the ECB’s risk exposure.
Article 9
Balance sheet valuation rules
1. Current market rates and prices shall be used for balance sheet valuation purposes unless specified otherwise in Annex I.
2. The revaluation of gold, foreign currency instruments, securities (other than securities classified as held-to-maturity, non-marketable securities, and securities held for monetary policy purposes that are accounted for at amortised costs), as well as financial instruments, both on-balance-sheet and off-balance-sheet, shall be performed at the year-end at mid-market rates and prices.
3. No distinction shall be made between price and currency revaluation differences for gold, but a single gold revaluation difference shall be accounted for, based on the euro price per defined unit of weight of gold derived from the euro/US dollar exchange rate on the quarterly revaluation date. For foreign exchange, including on-balance-sheet and off-balance-sheet transactions, revaluation shall take place on a currency-by-currency basis. For the purpose of this Article, holdings of special drawing rights (SDRs), including designated individual foreign exchange holdings underlying the SDR basket, shall be treated as one holding. For securities, revaluation shall take place on a code-by-code basis, i.e. same ISIN number/type, while any embedded options shall not be separated for valuation purposes. Securities held for monetary policy purposes or included in the items ‘Other financial assets’ or ‘Sundry’ shall be treated as separate holdings.
4. Marketable securities held for monetary policy purposes shall be treated as separate holdings and shall be valued either at market price or at amortised cost (subject to impairment), depending on monetary policy considerations.
5. Securities classified as held-to-maturity shall be treated as separate holdings and shall be valued at amortised cost (subject to impairment). The same treatment shall apply to non-marketable securities. Securities classified as held-to-maturity may be sold before their maturity when any of the following occurs:
|
(a) |
if the quantity sold is considered not significant in comparison with the total amount of the held-to-maturity securities portfolio; |
|
(b) |
if the securities are sold during one month before maturity date; |
|
(c) |
under exceptional circumstances, such as a significant deterioration of the issuer’s creditworthiness. |
Article 10
Reverse transactions
Reverse transactions shall be accounted for in accordance with Article 10 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 11
Marketable equity shares
Marketable equity shares shall be accounted for in accordance with Article 11 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 12
Marketable investment funds
Marketable investment funds shall be accounted for in accordance with Article 12 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 13
Hedging of interest rate risk on securities with derivatives
The hedging of interest rate risk shall be accounted for in accordance with Article 13 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 14
Synthetic instruments
Synthetic instruments shall be accounted for in accordance with Article 14 of Guideline (EU) 2024/2941 (ECB/2024/31).
CHAPTER III
INCOME RECOGNITION
Article 15
Income recognition
1. Article 16(1), (2), (3), (5) and (7) of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to income recognition.
2. Holdings on special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’) with respect to central banks of Member States for which the derogation has been abrogated shall be used to offset unrealised losses when exceeding previous revaluation gains registered in the corresponding standard revaluation account as laid down by Article 16(1), point (c) of Guideline (EU) 2024/2941 (ECB/2024/31), prior to the offsetting of such losses in accordance with Article 33.2 of the Statute of the ESCB. The holdings on special revaluation accounts for gold, currencies and securities shall be reduced pro rata in the event of a reduction in the holdings of the relevant assets.
Article 16
Cost of transactions
Article 17 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to this Decision.
CHAPTER IV
ACCOUNTING RULES FOR OFF-BALANCE-SHEET INSTRUMENTS
Article 17
General rules
Article 18 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to this Decision.
Article 18
Foreign exchange forward transactions
Foreign exchange forward transactions shall be accounted for in accordance with Article 19 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 19
Foreign exchange swaps
Foreign exchange swaps shall be accounted for in accordance with Article 20 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 20
Futures contracts
Futures contracts shall be accounted for in accordance with Article 21 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 21
Interest rate swaps
1. Interest rate swaps shall be accounted for in accordance with Article 22 of Guideline (EU) 2024/2941 (ECB/2024/31).
2. Unrealised losses taken to the profit and loss account at the year-end shall be amortised in subsequent years in accordance with the straight-line method. For forward interest rate swaps, the amortisation shall begin from the value date of the transaction.
Article 22
Forward rate agreements
Forward rate agreements shall be accounted for in accordance with Article 23 of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 23
Forward transactions in securities
Forward transactions in securities shall be accounted for in accordance with Method A in Article 24(1) of Guideline (EU) 2024/2941 (ECB/2024/31).
Article 24
Options
Options shall be accounted for in accordance with Article 25 of Guideline (EU) 2024/2941 (ECB/2024/31).
CHAPTER V
PUBLISHED ANNUAL BALANCE SHEET AND PUBLISHED PROFIT AND LOSS ACCOUNT
Article 25
Formats
1. The format of the ECB’s published annual balance sheet shall follow the format in Annex II.
2. The format of the ECB’s published profit and loss account shall follow the format in Annex III.
CHAPTER VI
FINAL PROVISIONS
Article 26
Development, application and interpretation of rules
1. In interpreting this Decision, account shall be taken of the preparatory work, the accounting principles harmonised by Union law and generally accepted accounting principles.
2. If a specific accounting treatment is not laid down in this Decision and in the absence of a decision to the contrary by the Governing Council, the ECB shall follow valuation principles in accordance with International Financial Reporting Standards as adopted by the European Union that are relevant to the ECB’s activities and accounts.
3. In extremely rare circumstances where the Governing Council concludes that compliance with a requirement of this Decision would not result in a fair presentation of the annual accounts, the ECB shall depart from that requirement and shall provide the reasons in the notes to the annual accounts.
Article 27
Repeal
1. Decision (EU) 2016/2247 (ECB/2016/35) is hereby repealed.
2. References to the repealed Decision shall be construed as references to this Decision and shall be read in accordance with the correlation table in Annex V.
Article 28
Entry into force
This Decision shall enter into force on 31 December 2024.
Done at Frankfurt am Main, 14 November 2024.
The President of the ECB
Christine LAGARDE
(1) Decision (EU) 2016/2247 of the European Central Bank of 3 November 2016 on the annual accounts of the European Central Bank (ECB/2016/35) (OJ L 347, 20.12.2016, p. 1).
(2) Guideline (EU) 2024/2941 of the European Central Bank of 14 November 2024 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2024/31) (OJ L, 2024/2941, 11.12.2024, ELI: http://data.europa.eu/eli/guideline/2024/2941/oj).
ANNEX I
Composition and valuation rules for the balance sheet
ASSETS
|
|
Balance sheet item (1) |
Categorisation of contents of balance sheet items |
Valuation principle |
||||||||||||||||||||||||
|
1 |
Gold and gold receivables |
Physical gold, i.e. bars, coins, plates, nuggets, in storage or ‘under way’. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than 1 business day between release and receipt |
Market value |
||||||||||||||||||||||||
|
2 |
Claims on non-euro area residents denominated in foreign currency |
Claims on counterparties resident outside the euro area including central banks outside the euro area denominated in foreign currency |
|
||||||||||||||||||||||||
|
2.1 |
Receivables from the International Monetary Fund (IMF) |
National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the liability item 6 ‘Liabilities to non-euro area residents denominated in euro’ |
Nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||
Holdings of SDRs (gross) |
Nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||||
Loans under special borrowing arrangements, deposits made to trusts under the management of the IMF |
Nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||||
|
2.2 |
Balances with banks and security investments, external loans and other external assets |
Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions |
Nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||
Notes and bonds, bills, zero bonds, money market paper, equity shares, investment funds held as part of the foreign reserves, all issued by non-euro area residents |
|
||||||||||||||||||||||||||
|
Deposits at nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||||
Non-euro area banknotes and coins |
Nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||||
|
3 |
Claims on euro area residents denominated in foreign currency |
Notes and bonds, bills, zero bonds, money market paper, equity shares, investment funds, held as part of the foreign reserves, all issued by euro area residents |
|
||||||||||||||||||||||||
Loans, deposits, reverse repo transactions, sundry lending |
Deposits and other lending at nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||||
|
4 |
Claims on non-euro area residents denominated in euro |
|
|
||||||||||||||||||||||||
|
4.1 |
Balances with banks, security investments and loans |
Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro |
Nominal value |
||||||||||||||||||||||||
Equity shares, investment funds, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents |
|
||||||||||||||||||||||||||
|
Deposits at nominal value |
||||||||||||||||||||||||||
|
4.2 |
Claims arising from the credit facility under the Exchange Rate Mechanism II (ERM II) |
Lending in accordance with the ERM II conditions |
Nominal value |
||||||||||||||||||||||||
|
5 |
Lending to euro area credit institutions related to monetary policy operations denominated in euro |
Items 5.1 to 5.5: transactions in accordance with the respective monetary policy instruments described in Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60) (2) |
|
||||||||||||||||||||||||
|
5.1 |
Main refinancing operations |
Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of 1 week |
Nominal value or repo cost |
||||||||||||||||||||||||
|
5.2 |
Longer-term refinancing operations |
Regular liquidity-providing reverse transactions normally with a monthly frequency, with a maturity longer than that of the main refinancing operations |
Nominal value or repo cost |
||||||||||||||||||||||||
|
5.3 |
Fine-tuning reverse operations |
Reverse transactions, executed as ad hoc transactions for fine-tuning purposes |
Nominal value or repo cost |
||||||||||||||||||||||||
|
5.4 |
Structural reverse operations |
Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector |
Nominal value or repo cost |
||||||||||||||||||||||||
|
5.5 |
Marginal lending facility |
Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility) |
Nominal value or repo cost |
||||||||||||||||||||||||
|
5.6 |
Credits related to margin calls |
Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions |
Nominal value or cost |
||||||||||||||||||||||||
|
6 |
Other claims on euro area credit institutions denominated in euro |
Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 ‘Securities of euro area residents denominated in euro’, including transactions resulting from the transformation of former foreign currency reserves of the euro area, and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem |
Nominal value or cost |
||||||||||||||||||||||||
|
7 |
Securities of euro area residents denominated in euro |
|
|
||||||||||||||||||||||||
|
7.1 |
Securities held for monetary policy purposes |
Securities held for monetary policy purposes (including securities purchased for monetary policy purposes issued by supranational or international organisations, or multilateral development banks, irrespective of their geographical location). European Central Bank (ECB) debt certificates purchased for fine-tuning purposes |
Cost subject to impairment. Any premiums or discounts are amortised |
||||||||||||||||||||||||
|
7.2 |
Other securities |
Securities other than those under asset item 7.1 ‘Securities held for monetary policy purposes’, under asset item 8 ‘General government debt denominated in euro’, and under asset item 11.3 ‘Other financial assets’: notes and bonds, bills, zero bonds, money market paper held outright. Equity shares and investment funds |
|
||||||||||||||||||||||||
|
8 |
General government debt denominated in euro |
Claims on government stemming from before Economic and Monetary Union (EMU) (non-marketable securities, loans) |
Deposits/loans at nominal value, non-marketable securities at cost |
||||||||||||||||||||||||
|
9 |
Intra-Eurosystem claims |
|
|
||||||||||||||||||||||||
|
9.1 |
Claims related to TARGET (net) |
Claims related to TARGET (net) |
Nominal value |
||||||||||||||||||||||||
|
9.2 |
Claims related to the allocation of euro banknotes within the Eurosystem |
Claims related to the ECB’s banknote issue, in accordance with Decision ECB/2010/29 of the European Central Bank (3) |
Nominal value |
||||||||||||||||||||||||
|
9.3 |
Other claims within the Eurosystem (net) |
Net position of the following sub-items:
|
|
||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||
|
10 |
Items in course of settlement |
Settlement account balances (claims), including the float of cheques in collection |
Nominal value |
||||||||||||||||||||||||
|
11 |
Other assets |
|
|
||||||||||||||||||||||||
|
11.1 |
Coins of euro area |
Euro coins |
Nominal value |
||||||||||||||||||||||||
|
11.2 |
Tangible and intangible fixed assets |
Land and buildings, furniture and equipment including computer equipment, software |
Cost less depreciation Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The useful life is the period over which a fixed asset is expected to be available for use by the entity. Useful lives of individual material fixed assets may be reviewed on a systematic basis, if expectations differ from previous estimates. Major assets may comprise components with different useful lives. The lives of such components should be assessed individually. The cost of intangible assets includes the price for the acquisition of the intangible asset. Other direct or indirect costs are to be expensed Capitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation) |
||||||||||||||||||||||||
|
11.3 |
Other financial assets |
|
|
||||||||||||||||||||||||
|
11.4 |
Off-balance-sheet instruments revaluation differences |
Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date |
Net position between forward and spot, at the foreign exchange market rate |
||||||||||||||||||||||||
|
11.5 |
Accruals and prepaid expenses |
Income not due in, but assignable to the reported period. Prepaid expenses and accrued interest paid, i.e. accrued interest purchased with a security |
Nominal value, translated at the foreign exchange market rate |
||||||||||||||||||||||||
|
11.6 |
Sundry |
|
|
||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||
|
|
LIABILITIES
|
|
Balance sheet item (4) |
Categorisation of contents of balance sheet items |
Valuation principle |
||||||||
|
1 |
Banknotes in circulation |
Euro banknotes issued by the ECB, in accordance with Decision ECB/2010/29 |
Nominal value |
||||||||
|
2 |
Liabilities to euro area credit institutions related to monetary policy operations denominated in euro |
Items 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Guideline (EU) 2015/510 (ECB/2014/60) |
|
||||||||
|
2.1 |
Current accounts (covering the minimum reserve system) |
Euro accounts of credit institutions that are included in the list of financial institutions subject to minimum reserves in accordance with the Statute of the ESCB except for credit institutions exempt from minimum reserve requirements. This item contains primarily accounts used in order to hold minimum reserves and excludes funds of credit institutions that are not freely disposable. |
Nominal value |
||||||||
|
2.2 |
Deposit facility |
Overnight deposits at a pre-specified interest rate (standing facility) |
Nominal value |
||||||||
|
2.3 |
Fixed-term deposits |
Collection for liquidity absorption purposes owing to fine-tuning operations |
Nominal value |
||||||||
|
2.4 |
Fine-tuning reverse operations |
Monetary policy-related transactions with the aim of liquidity absorption |
Nominal value or repo cost |
||||||||
|
2.5 |
Deposits related to margin calls |
Deposits of credit institutions, arising from value decreases of underlying assets regarding credits to these credit institutions |
Nominal value |
||||||||
|
3 |
Other liabilities to euro area credit institutions denominated in euro |
Repo transactions with credit institutions for the management of securities portfolios under asset item 7 ‘Securities of euro area residents denominated in euro’. Other operations unrelated to Eurosystem monetary policy operations. Funds of credit institutions that are not freely disposable, and accounts of credit institutions exempt from minimum reserve requirements. |
Nominal value or repo cost |
||||||||
|
4 |
ECB debt certificates issued |
Debt certificates as described in Guideline (EU) 2015/510 (ECB/2014/60). Discount paper, issued with the aim of liquidity absorption |
Cost. Any discounts are amortised |
||||||||
|
5 |
Liabilities to other euro area residents denominated in euro |
|
|
||||||||
|
5.1 |
General government |
Current accounts, fixed-term deposits, deposits repayable on demand |
Nominal value |
||||||||
|
5.2 |
Other liabilities |
Current accounts of staff, companies and clients including financial institutions not subject to minimum reserve requirements (see liability item 2.1); repo transactions with financial institutions other than credit institutions for the management of securities other than those under asset item 11.3 ‘Other financial assets’; fixed-term deposits, deposits repayable on demand |
Nominal value |
||||||||
|
6 |
Liabilities to non-euro area residents denominated in euro |
Current accounts, fixed-term deposits, deposits repayable on demand including accounts held for payment purposes and accounts held for reserve management purposes. Repo transactions for the management of securities denominated in euro. Balances of TARGET accounts of central banks of Member States whose currency is not the euro |
Nominal value or repo cost |
||||||||
|
7 |
Liabilities to euro area residents denominated in foreign currency |
Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold |
Nominal value, translated at the year-end foreign exchange market rate |
||||||||
|
8 |
Liabilities to non-euro area residents denominated in foreign currency |
|
|
||||||||
|
8.1 |
Deposits, balances and other liabilities |
Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold |
Nominal value, translated at the year-end foreign exchange market rate |
||||||||
|
8.2 |
Liabilities arising from the credit facility under the Exchange Rate Mechanism (ERM II) |
Borrowing in accordance with the ERM II conditions |
Nominal value, translated at the year-end foreign exchange market rate |
||||||||
|
9 |
Counterpart of special drawing rights allocated by the IMF |
SDR-denominated item which shows the amount of SDRs that were originally allocated to the respective country/NCB |
Nominal value, translated at the year-end foreign exchange market rate |
||||||||
|
10 |
Intra-Eurosystem liabilities |
|
|
||||||||
|
10.1 |
Liabilities equivalent to the transfer of foreign reserves |
ECB balance sheet item, denominated in euro |
Nominal value |
||||||||
|
10.2 |
Liabilities related to TARGET (net) |
Liabilities related to TARGET (net) |
Nominal value |
||||||||
|
10.3 |
Other liabilities within the Eurosystem (net) |
Net position of the following sub-items:
|
|
||||||||
|
|
||||||||||
|
11 |
Items in course of settlement |
Settlement account balances (liabilities), including the float of giro transfers |
Nominal value |
||||||||
|
12 |
Other liabilities |
|
|
||||||||
|
12.1 |
Off-balance-sheet instruments revaluation differences |
Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date |
Net position between forward and spot, at the foreign exchange market rate |
||||||||
|
12.2 |
Accruals and income collected in advance |
Expenditure falling due in a future period but relating to the reporting period. Income received in the reported period but relating to a future period |
Nominal value, foreign exchange translated at market rate |
||||||||
|
12.3 |
Sundry |
|
|
||||||||
|
|
||||||||||
|
|
||||||||||
|
13 |
Provisions |
|
|
||||||||
|
13.1 |
Risk provisions |
Provisions for risks that have not materialised, including the contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. |
Nominal value |
||||||||
|
13.2 |
Other provisions |
|
|
||||||||
|
|
||||||||||
|
14 |
Revaluation accounts |
Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 15(2) |
|
||||||||
|
|
||||||||||
|
15 |
Capital and reserves |
|
|
||||||||
|
15.1 |
Capital |
Paid-up capital |
Nominal value |
||||||||
|
15.2 |
Reserves |
Legal reserves, in accordance with Article 33 of the Statute of the ESCB, and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated |
Nominal value |
||||||||
|
16 |
Accumulated losses carried forward |
|
Nominal value |
||||||||
|
17 |
Profit/ (loss) for the year |
|
Nominal value |
(1) With the exception of asset item 7.1, the allocation of balances to those balance sheet items that refer to residency and/or economic sector is based on the classification for statistical purposes.
(2) Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60) (OJ L 91, 2.4.2015, p. 3).
(3) Decision ECB/2010/29 of the European Central Bank of 13 December 2010 on the issue of euro banknotes (OJ L 35, 9.2.2011, p. 26).
(4) The allocation of balances to those balance sheet items that refer to residency and/or economic sector is based on the classification for statistical purposes.
ANNEX II
Annual balance sheet of the ECB
|
(EUR million) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Assets (2) |
Reporting year |
Previous year |
Liabilities |
Reporting year |
Previous year |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Total assets |
|
|
Total liabilities |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(1) The ECB may alternatively publish exact euro amounts, or amounts rounded in a different manner.
(2) The table of assets may also be published above the table of liabilities.
ANNEX III
Published profit and loss account of the ECB
|
(EUR million) |
||||
|
Profit and loss account for the year ending 31 December … |
Reporting year |
Previous year |
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
||
|
Profit / (loss) before the transfer (to) / from risk provisions |
|
|
||
|
|
|
||
|
Profit / (loss) for the year |
|
|
||
(1) The ECB may alternatively publish exact euro amounts, or amounts rounded in a different manner.
(2) This includes administrative provisions.
(3) This item is used in the case of outsourced banknote production (for the cost of the services provided by external companies in charge of the production on behalf of the central banks). It is recommended that the costs incurred in connection with the issue of euro banknotes are taken to the profit and loss account as they are invoiced or otherwise incurred, see also Guideline (EU) 2024/2941 (ECB/2024/31).
(4) This only includes transfers (to)/from provisions for risks that have not materialised, therefore transfers (to) / from provisions due to the impairment of monetary policy operations and other provisions are not included in this item.
ANNEX IV
Repealed decision with its list of the successive amendments
|
Decision (EU) 2016/2247 (ECB/2016/35) |
|
|
Decision (EU) 2017/2239 (ECB/2017/36) |
|
|
Decision (EU) 2019/2215 (ECB/2019/35) |
|
|
Decision (EU) 2021/2040 (ECB/2021/52) |
ANNEX V
Correlation table
|
Decision (EU) 2016/2247 (ECB/2016/35) |
This Decision |
|
Article 1 Article 2 Article 3 Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article 11 Article 11a Article 12 Article 13 Article 14 Article 15 Article 16 Article 17 Article 18 Article 19 Article 20 Article 21 Article 22 Article 23 Article 24 Article 25 Article 26 Article 27 |
Article 1 Article 2 Article 3 Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article 11 Article 12 Article 13 Article 14 Article 15 Article 16 Article 17 Article 18 Article 19 Article 20 Article 21 Article 22 Article 23 Article 24 Article 25 Article 26 Article 27 Article 28 |
ELI: http://data.europa.eu/eli/dec/2024/2938/oj
ISSN 1977-0677 (electronic edition)