31994Y0802(02)

REPORT OF THE EUROPEAN COURT OF AUDITORS on the financial statements of the European Coal and Steel Community at 31 December 1993

1. This report concerns the reliability of the accounts drawn up by the Commission (the High Authority), in accordance with Article 45c of the Treaty establishing the European Coal and Steel Community, as introduced by Article H (14) of the Treaty on European Union, which replaced the former Article 78f.

2. The Court has audited the accounts and financial statements of the European Coal and Steel Community at 31 December 1993 in accordance with generally accepted auditing standards and carried out such checks as it considered necessary.

3. In the Court's opinion, the attached financial statements (balance sheets at 31 December 1993, profit and loss account for the financial year ending 31 December 1993, statement of the allocation of surplus for the year ending 31 December 1993 and notes relating to the financial statements at 31 December 1993), which have been drawn up in accordance with generally accepted auditing practice, give a true and fair view of the financial situation of the European Coal and Steel Community at 31 December 1993 and of the results of its operations for the year then ended.

Done at Luxembourg, 30 June 1994.

André MIDDELHOEK

President of the Court of Auditors

Patrick EVERARD

Member of the Court of Auditors