The amount of EUR 2 535 286 paid by the Hungarian Sapard Agency is hereby excluded from EU financing as the underlying transactions do not comply with the rules governing the Sapard programme.
The calculation of the correction is indicated in the Annex.
This Decision is addressed to the Republic of Hungary.
ANNEXSupplementary provisions
ANNEX
TABLE OF REDUCTIONS
Delay
Total expenditure in FY2004
(EUR)
Use of 4 % reserve
Amount subject to reduction
(EUR)
Red. Rate
(%)
Reduction computation
(EUR)
0 months
32 367 673,72
n.a.
n.a.
0
0,00
Up to 1 month
7 283 177,62
–1 294 706,95
5 988 470,67
10
598 847,07
Up to 2 months
1 601 753,18
0,00
1 601 753,18
25
400 438,29
Up to 3 months
601 262,42
0,00
601 262,42
45
270 568,09
Up to 4 months
484 224,09
0,00
484 224,09
70
338 956,86
5 and more months
926 475,69
0,00
926 475,69
100
926 475,69
Grand Total
43 264 566,71
–1 294 706,95
9 602 186,04
2 535 286,00