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ANNEX 5

By Cindy Wood,2014-05-07 13:35
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ANNEX 5

    ANNEX 5

Explanation please read carefully before completing

    the financial capacity form

Simplified balance sheet and profit and loss account

    Candidates shall indicate if they are a profit or a non profit making company / organisation.

    Within the form, financial data based on the company’s /organisation’s balance sheet are collected in a

    standardised form. Please find below a correspondence table giving an explanation on the regrouping of different

    accounts respecting the 4th Accounting Directive. You should complete this form carefully. Given its

    complexity, it is recommended that the form be completed by a professional accountant or an auditor. The data

    reported will be used to evaluate the financial viability of the company/organisation. Thus it is very important

    that data reported are accurate. The Commission may wish to cross check the data with those reported in the

    official certified accounts. For this purpose the Commission reserves the right to ask for further documentation

    during the evaluation process.

    The amounts have to be filled out in euros (use the exchange rate of the closing date of the accounts). Abbreviations t-1and t0

    The abbreviation t0 represents the last certified historical balance sheet and profit and loss account; t-1 is the balance sheet prior to the last certified one. Consequently, the closing date t0 is the closing date of the last certified historical balance sheet; the closing date t-1 is the closing date of the balance sheet prior to the last one.

    Duration t0 is the number of months covered by the last historical balance sheet. Duration t-1 is the number of months covered by the penultimate certified historical balance sheet. thBALANCE SHEET CORRESPONDANCE 4 ACCOUNTING DIRECTIVE

    ASSETS ASSETS / 4th ACCOUNTING DIRECTIVE (Article 9) 1. Subscribed capital unpaid A. Subscribed capital unpaid A. Subscribed capital unpaid (including unpaid capital) 2. Fixed assets C. Fixed Assets 2.1. Intangible fixed assets B. Formation expenses as defined B. Formation expenses as defined by national law by national law C.I.1. Cost of research and development C. I. Intangible fixed assets C.I.2.Concessions, patents, licences, trade marks and similar rights and assets, if they were: (a) acquired for valuable consideration and need not be shown under C (I) (3); or (b) created by the undertaking itself C.I.3. Goodwill, to the extent that it was acquired for valuable consideration C.I.4. Payments on account 2.2. Tangible fixed assets C.II. Tangible fixed assets C.II.1. Land and buildings C.II.2. Plant and machinery C.II.3. Other fixtures and fittings, tools and equipment C.II.4. Payment on account and tangible assets in course of construction 2.3. Financial assets C.III. Financial assets C.III.1.Shares in affiliated undertakings C.III.2. Loans to affiliated undertakings C.III.3. Participating interests C.III.4.Loans to undertakings with which the company is linked by virtue of participating interest C.III.5.Investments held as fixed assets C.III. 6. Other loans C.III.7. Own shares (with an indication of their nominal value or, in the absence of a nominal value, their accounting par value) 3. Current assets D. Currents assets 3.1. Stocks D.I. Stocks D.I.1. Raw materials and consumables D.I.2. Work in progress D.I.3. Finished products and goods for resale D.I.4 Payment on account 3.2.1. Debtors due after one D.II. Debtors, due and payable D.II.1. Trade debtors Year after more than one year D.II.2. Amounts owed by affiliated undertakings D.II.3. Amounts owed by undertakings with which the company is linked by virtue of participating interest D.II.4. Others debtors D.II.6. Prepayments and accrued income 3.2.2. Debtors due within one D.II. Debtors due and payable D.II.1. Trade debtors year within a year D.II.2. Amounts owed by affiliated undertakings D.II.3. Amounts owed by undertakings with which the company is linked by virtue of participating interest D.II.4. Others debtors D.II.6. Prepayments and accrued income 3.3. Cash at bank and in hand D.IV. Cash at bank and in hand D.IV. Cash at bank and in hand 3.4. Other current assets D.III Investments D.III.1. Shares in affiliated undertakings

D.III.2.Own shares (with an indication of their nominal value or, in the absence of a nominal value, their accounting par value) D.III.3. Other investments Total assets Total assets LIABILITIES LIABILITIES / 4th ACCOUNTING DIRECTIVE (Article 9) 4. Capital and reserves A. Capital and reserves 4.1. Subscribed capital A.I. Subscribed capital A.I. Subscribed capital A.II. Share premium account A.II. Share premium account 4.2. Reserves A.III. Revaluation reserve A.III. Revaluation reserve A.IV. Reserves A.IV.1. Legal reserve, in so far as national law requires such a reserve A.IV.2. Reserve for own shares A.IV.3. Reserves provided for by the articles of association A.IV.4. Other reserves 4.3. Profit and loss brought A.V Profit and loss brought A.V Profit and loss brought forward from the previous years forward from forward from the previous years the previous years 4.4. Profit and loss for the A.VI. Profit or loss for the A.VI. Profit or loss for the financial year Financial year financial year 5. Creditors C. Creditors 5.1.1 Long term non-bank B. Provisions for liabilities and B.1. Provisions for pensions and similar obligations debt charges ( > one year) B.2. Provisions for taxation C. Creditors ( > one year) B.3. Other provisions C.1. Debenture loans, showing convertible loans separately C.3. Payments received on account of orders in so far as they are not shown separately as deductions from stocks C.4. Trade creditors C.6. Amounts owed to affiliated undertakings C.7. Amounts owed to undertakings with which the company is linked by virtue of participating interests C.8. Other creditors including tax and social security C.9. Accruals and deferred income 5.1.2. Long term bank debt C. Creditors "credit institutions" (> one C.2. Amounts owed to credit institutions year) C.5. Bills of exchange payable 5.2.1. Short term non-bank B. Provisions for liabilities and B.1. Provisions for pensions and similar obligations Debt charges (= one year) B.2. Provisions for taxation C. Creditors (= one year) B.3. Other provisions C.1. Debenture loans, showing convertible loans separately C.3. Payments received on account of orders in so far as they are not shown separately as deductions from stocks C.4. Trade creditors C.6. Amounts owed to affiliated undertakings C.7. Amounts owed to undertakings with which the company is linked by virtue of participating interests C.8. Other creditors including tax and social security C.9. Accruals and deferred income 5.2.2. Short term bank debt C. Creditors "credit institutions" C.2. Amounts owed to credit institutions (= one year) C.5. Bills of exchange payable Total liabilities Total liabilities PROFIT AND LOSS PROFIT AND LOSS ACCOUNT / 4ACCOUNT

TH ACCOUNTING DIRECTIVE (Article 23)

6. Turnover 1. Net turnover 1. Net turnover 7. Variation in stocks 2. Variation in stock of finished 2. Variation in stocks of finished goods and in work in progress goods and in work in progress 8. Other operating income 3. Work performed by the 3. Work performed by the undertaking for its own purposes and capitalized undertaking for its own purposes 4. Other operating income and capitalized. 4. Other operating income 9. Costs of material and 5. (a) Raw materials and 5. (a) Raw materials and consumables consumables consumables 5. (b) Other external charges 5. (b) Other external charges 10. Other operating charges 8. Other operating charges 8. Other operating charges 11. Staff costs 6. Staff costs 6. (a) Wages and salaries 6. (b) social security costs, with a separate indication of those relating to pensions 12. Gross operating profit Gross operating profit . 13. Depreciation and value 7. Depreciation and value 7. (a) Value adjustments in respect of formation expenses and of tangible adjustments on non financial adjustments on non financial and intangible fixed assets assets assets 7. (b) Value adjustments in respect of current assets, to the extent that they exceed the amount of value adjustments which are normal in the

undertaking concerned 14. Net operating profit Gross operating profit - Depreciation and value adjustments on non-financial assets 15. Financial income and value Financial income and value 9. Income from participating interests adjustments on financial assets adjustments on financial assets 10. Income from other investments and loans forming part of the fixed assets 11. Other interest receivable and similar income 12. Value adjustments in respect of financial assets and of investments held as current assets 16. Interest paid Interest paid 13. Interest payable and similar charges 17. Similar charges Similar Charges 18. Profit or loss on Profit or loss on ordinary 15. Profit or loss on ordinary activities after taxation ordinary activities activities 19. Extraordinary income and Extraordinary income and 16. Extraordinary income Charges charges 17. Extraordinary charge 20. Taxes on profits Taxes 14. Tax on profit or loss on ordinary activities 19. Tax on extraordinary profit or loss 20. Other taxes not shown under the above items 21. Profit or loss for the Profit or loss for the financial 21. Profit or loss for the financial year financial year year

     Annex 5 FORM to be completed

    Simplified balance sheet and profit and loss account for the determination of

     financial capacity

     Profit making Applicant name Type of company

     Non profit making

     Closing date t0 Duration t0 months

     Closing date t-1 Duration t-1 months

     Assets t0 (in Euro) t-1 (in Euro)

     1. Subscribed capital unpaid

     2. Fixed assets (2.1+2.2+2.3) 0 0

     2.1 Intangible fixed assets

     2.2 Tangible fixed assets

     2.3 Financial assets

     3. Current assets (3.1+3.21+3.22+3.3+3.4) 0 0

     3.1 Stocks

     3.2.1 Debtors due after one year

     3.2.2 Debtors due within one year

     3.3 Cash at bank and in hand

     3.4 Other current assets

     Total assets (1+2+3) 0 0

     Liabilities t0 (in Euro) t-1 (in Euro)

     4. Capital and reserves (4.1+4.2+4.3+4.4) 0 0

     4.1 Subscribed capital

     4.2 Reserves

     4.3 Profit and loss brought forward

     4.4 Profit and loss for the financial year

     5. Creditors (5.11+5.12+5.21+5.22) 0 0

     5.1.1 Long term non-bank debt

     5.1.2 Long term bank debt

     5.2.1 Short term non-bank debt

     5.2.2 Short term bank debt

     Total liabilities (4+5) 0 0

    t0 (in Euro) t-1 (in Euro)

     6. Turnover

     7. Variation in stocks

     8. Other operating income

     9. Costs of material and consumables

     10. Other operating charges

     11. Staff costs

     12. Gross operating profit (6.+7.+8.-9.-10.-11.) 0 0

     13. Depreciation and value adjustments on non-financial assets

     14. Net operating profit (12.-13.) 0 0

     15. Financial income and value adjustments on financial assets

     16. Interest paid

     17. Similar charges

     18. Profit/loss on ordinary activities (14+15.-16.-17.) 0 0

     19. Extraordinary income and charges

     20. Taxes on profit

     21. Profit/loss for the financial year (18.+19.-20.) 0 0

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