Commission Regulation (EC) No 909/2006 of 20 June 2006 amending Annexes I and II to Regulation (EC) No 138/2004 of the European Parliament and of the Council on the economic accounts for agriculture in the Community (Text with EEA relevance)

• CELEX: Regulation (EC) No 909/2006
• Articles: 5

Article 1

Annex I to Regulation (EC) No 138/2004 is amended as shown in Annex I to this Regulation.

Article 2

Annex II to Regulation (EC) No 138/2004 is amended as shown in Annex II to this Regulation.

Article 3

This Regulation shall enter into force on the 20th day following its publication in the Official Journal of the European Union .

Schedules & Appendices

ANNEX I

ANNEX I

Annex I to Regulation (EC) No 138/2004 is amended as follows:

1.

paragraph 2.096 is deleted;

2.

the following paragraph is inserted after paragraph 2.107:

‘(j)   Financial intermediation services indirectly measured (FISIM)

2.107.1.

In accordance with the convention of ESA 95, the value of indirectly measured financial intermediation services (FISIM) used by the agricultural industry should be recorded as intermediate consumption of the agricultural industry (cf. ESA 95, Annex I).’;

3.

the title of paragraph 2.108 is replaced by the following:

‘(k)   Other goods and services’;

4.

point (i) of paragraph 2.108 is replaced by the following:

‘(i)

Billed bank charges (but not interest for bank loans)’;

5.

paragraph 3.079 is replaced by the following:

‘3.079.

The value of the services provided by financial intermediaries being allocated among different customers, the actual payments or receipts of interest to or from financial intermediaries need to be adjusted to eliminate the margins that represent the implicit charges made by financial intermediaries. The estimated value of these costs should be subtracted from the interest paid by borrowers to financial intermediaries and added to the interest received by depositors. The costs are regarded as remuneration for services rendered by financial intermediaries to their clients and not as an interest payment (see 2.107.1 and 2.108(i); ESA 95, Appendix I, 4.51).’

ANNEX II

ANNEX II

In Annex II to Regulation (EC) No 138/2004, item 19.10 ‘Other goods and services’ is replaced by the following two items:

Item

List of variables

Transmission concerning reference year n

November

year n

(estimates)

January

year n + 1

(estimates)

September

year n + 1

‘19.10

Financial intermediation services indirectly measured (FISIM)

X

X

X

19.11

Other goods and services

X

X

X’