# COMMISSION REGULATION (EC) No 1689/2005

of 14 October 2005

fixing the depreciation coefficients to be applied when agricultural products are bought in, for the 2006 financial year

## Preamble

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

Having regard to the Treaty establishing the European Community,

Having regard to Council Regulation (EEC) No 1883/78 of 2 August 1978 laying down general rules for the financing of interventions by the European Agricultural Guidance and Guarantee Fund, Guarantee Section [^1] , and in particular the second sentence of Article 8(1)

Whereas:

**(1)** Pursuant to Article 8 of Regulation (EEC) No 1883/78, depreciation of agricultural products in public intervention storage must take place when they are bought in. The depreciation percentage must not exceed the difference between the buying-in price and the foreseeable disposal price for each of these products.

**(2)** In accordance with Article 8(3) of Regulation (EEC) No 1883/78, the Commission may restrict depreciation at the time of buying-in to a proportion of this depreciation percentage, but such proportion may not be less than 70 % of total depreciation.

**(3)** Coefficients to be applied for the 2006 financial year by the intervention agencies to the monthly buying-in values of products should be fixed, to enable the agencies to establish the depreciation amounts.

**(4)** The measures provided for in this Regulation are in accordance with the opinion of the EAGGF Committee,

HAS ADOPTED THIS REGULATION:

## **Article 1**

In respect of the products listed in the Annex which, having been bought in by public intervention, have entered store or been taken over by the intervention agencies between 1 October 2005 and 30 September 2006, the intervention agencies shall apply, to the value of the products bought in every month, the coefficients set out in the Annex.

## **Article 2**

The expenditure amounts, calculated by taking account of the depreciation referred to in Article 1 shall be notified to the Commission under the declarations established pursuant to Commission Regulation (EC) No 296/96 [^2] .

## **Article 3**

This Regulation shall enter into force on the day of its publication in the *Official Journal of the European Union* .

This Regulation shall apply from 1 October 2005.

## Final provisions

This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 14 October 2005. *For the Commission* Mariann FISCHER BOEL *Member of the Commission*

[^1] [OJ L 216, 5.8.1978, p. 1](http://publications.europa.eu/resource/oj/JOL_1978_216_R_TOC) . Regulation as last amended by Regulation (EC) No 695/2005 ( [OJ L 114, 4.5.2005, p. 1](http://publications.europa.eu/resource/oj/JOL_2005_114_R_TOC) ).

[^2] [OJ L 39, 17.2.1996, p. 5](http://publications.europa.eu/resource/oj/JOL_1996_039_R_TOC) . Regulation as last amended by Regulation (EC) No 1607/2005 ( [OJ L 256, 1.10.2005, p. 12](http://publications.europa.eu/resource/oj/JOL_2005_256_R_TOC) ).

Depreciation coefficients to be applied to the monthly buying-in values

| Product | Coefficient |
| --- | --- |
| Common wheat of bread-making quality | 0,10 |
| Barley | 0,15 |
| Maize | — |
| Sorghum | — |
| Sugar | 0,40 |
| Paddy rice | — |
| Alcohol | 0,55 |
| Butter | 0,01 |
| Skimmed-milk powder | 0,02 |
| Beef quarters | — |
| Boned beef | — |

[^1]: . Regulation as last amended by Regulation (EC) No 695/2005 ().
[^2]: . Regulation as last amended by Regulation (EC) No 1607/2005 ().