This document is an excerpt from the EUR-Lex website
Document 52015TA1209(26)
Report on the annual accounts of the Europol Pension Fund for the financial year 2014, together with the Fund’s reply
Report on the annual accounts of the Europol Pension Fund for the financial year 2014, together with the Fund’s reply
Report on the annual accounts of the Europol Pension Fund for the financial year 2014, together with the Fund’s reply
IO C 409, 9.12.2015, p. 234–237
(BG, ES, CS, DA, DE, ET, EL, EN, FR, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)
9.12.2015 |
EN |
Official Journal of the European Union |
C 409/234 |
REPORT
on the annual accounts of the Europol Pension Fund for the financial year 2014, together with the Fund’s reply
(2015/C 409/26)
INTRODUCTION
1. |
The Europol Pension Fund (hereinafter ‘the Fund’, aka ‘EPF’), which is located in The Hague, was established by Article 37, Appendix 6, of the former Staff Regulations of the European Police Office, The Hague (Europol). Rules on the implementation of the Fund were established by Council Act of 12 March 1999 (1) and amended by Council Decision 2011/400/EU (2). The objective of the Fund is to finance and pay pensions for staff already employed by Europol before it became a European Agency on 1 January 2010. |
INFORMATION IN SUPPORT OF THE STATEMENT OF ASSURANCE
2. |
The audit approach taken by the Court comprises analytical audit procedures, direct testing of transactions and an assessment of the Fund’s internal controls. This is supplemented by evidence provided by the work of other auditors and an analysis of management representations. |
STATEMENT OF ASSURANCE
The management’s responsibility
The auditor’s responsibility
Opinion on the reliability of the accounts
Opinion on the legality and regularity of the transactions underlying the accounts
Emphasis of Matter
|
FOLLOW-UP OF PREVIOUS YEARS’ COMMENTS
11. |
An overview of the corrective actions taken in response to the Court’s comments from the previous years is provided in the Annex. |
This Report was adopted by Chamber IV, headed by Mr Milan Martin CVIKL, Member of the Court of Auditors, in Luxembourg at its meeting of 8 September 2015.
For the Court of Auditors
Vítor Manuel da SILVA CALDEIRA
President
(1) Document 5397/99 on the Council’s public register: http://register.consilium.europa.eu/
(3) The accounts comprise the balance sheet, the statement of income and expenses, the cash-flow statement and the explanatory notes.
(4) Articles 33 and 43 of Commission Regulation (EC, Euratom) No 2343/2002 (OJ L 357, 31.12.2002, p. 72).
(5) In accordance with Council Act of 12 March 1999 adopting rules on the EPF and Council Decision of 28 June 2011 amending the latter, the accounts are prepared on the basis of The Netherlands accounting rules on Pension Funds, namely Directive 610 of the Dutch financial reporting rules, and on the international Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board.
(6) Article 185(2) of Council Regulation (EC, Euratom) No 1605/2002 (OJ L 248, 16.9.2002, p. 1).
ANNEX
Follow-up of previous years’ comments
Year |
Court’s comment |
Status of corrective action (Completed/Ongoing/Outstanding/N/A) |
2012 |
Europol Staff Regulations set the capitalisation of pension contributions paid by officials at an annual rate of 3,5 %. Since contributions are made monthly and can be different from one month to another, the use of an annual rate is incorrect and a monthly rate should be applied. However, there is no material effect on the annual accounts. |
N/A |
THE FUND’S REPLY
10. |
The Europol Management Board Meeting (MB) of 12—13 May 2015 unanimously agreed to propose to the legislator the dissolution of the Europol Pension Fund (EPF), alongside the redistribution of the general reserve (‘surplus’) of the fund to its contributors. The corresponding legal instrument is currently being examined by the concerned prepartory bodies of the Council. |