Commission report to the budgetary authority on guarantees covered by the general budget - situation at 31 December 2002. Annexes

Abstract

Explanatory notes on the situation of risks covered by the community budget. The tables show the outstanding amount of guarantees and annual repayments of capital and interest in respect of borrowing and lending operations for which the risk is covered by the Community budget. The figures show the maximum possible risk for the Community in respect of these operations and must not be read as meaning that these amounts will actually be drawn from the budget. This is the aggregate of the maximum amounts of capital authorised (ceilings) for each operation decided by the Council. In order to relate it to the risk which the budget might have to cover, account should be taken of the following factors which could affect it: Factor increasing the risk: the interest on the loans must be added to the authorised ceiling Factors reducing the risk: limitation of the guarantee given to the EIB