Decision (EU) 2024/2938 of the European Central Bank of 14 November 2024 on the annual accounts of the European Central Bank (ECB/2024/32) (recast)
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Definitions
1. The terms defined in Article 1 of Guideline (EU) 2024/2941 (ECB/2024/31) have the same meaning when used in this Decision. 2. Other technical terms used in this Decision have the same meaning as in Annex II to Guideline (EU) 2024/2941 (ECB/2024/31).
Scope of application
The rules set out in this Decision shall apply to the annual accounts of the European Central Bank (ECB) comprising the balance sheet, items recorded in the books of the ECB off-balance-sheet, the profit and loss account and the notes to the annual accounts of the ECB.
Qualitative characteristics
The qualitative characteristics defined in Article 3 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply for the purposes of this Decision.
Basic accounting assumptions
1. The basic accounting assumptions defined in Article 4 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply for the purposes of this Decision. 2. In derogation from the first sentence of Article 4(3) of Guideline (EU) 2024/2941 (ECB/2024/31), post-balance sheet events shall only be taken into account until the date on which the Executive Board authorises the submission of the ECB’s annual accounts to the Governing Council for approval.
Economic and cash/settlement approaches
The rules set out in Article 5 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to this Decision.
Recognition of assets and liabilities
A financial or other asset/liability shall only be recognised in the balance sheet of the ECB in accordance with Article 6 of Guideline (EU) 2024/2941 (ECB/2024/31).
Composition of the balance sheet
The composition of the balance sheet shall be based on the structure set out in Annex I.
Provision for financial risks
Taking into due consideration the nature of the ECB’s activities, the Governing Council may establish a provision for financial risks in the balance sheet of the ECB. The Governing Council shall decide on the size and use of the provision on the basis of a reasoned estimate of the ECB’s risk exposure.
Balance sheet valuation rules
1. Current market rates and prices shall be used for balance sheet valuation purposes unless specified otherwise in Annex I. 2. The revaluation of gold, foreign currency instruments, securities (other than securities classified as held-to-maturity, non-marketable securities, and securities held for monetary policy purposes that are accounted for at amortised costs), as well as financial instruments, both on-balance-sheet and off-balance-sheet, shall be performed at the year-end at mid-market rates and prices. 3. No distinction shall be made between price and currency revaluation differences for gold, but a single gold revaluation difference shall be accounted for, based on the euro price per defined unit of weight of gold derived from the euro/US dollar exchange rate on the quarterly revaluation date. For foreign exchange, including on-balance-sheet and off-balance-sheet transactions, revaluation shall take place on a currency-by-currency basis. For the purpose of this Article, holdings of special drawing rights (SDRs), including designated individual foreign exchange holdings underlying the SDR basket, shall be treated as one holding. For securities, revaluation shall take place on a code-by-code basis, i.e. same ISIN number/type, while any embedded options shall not be separated for valuation purposes. Securities held for monetary policy purposes or included in the items ‘Other financial assets’ or ‘Sundry’ shall be treated as separate holdings. 4. Marketable securities held for monetary policy purposes shall be treated as separate holdings and shall be valued either at market price or at amortised cost (subject to impairment), depending on monetary policy considerations. 5. Securities classified as held-to-maturity shall be treated as separate holdings and shall be valued at amortised cost (subject to impairment). The same treatment shall apply to non-marketable securities. Securities classified as held-to-maturity may be sold before their maturity when any of the following occurs: (a) if the quantity sold is considered not significant in comparison with the total amount of the held-to-maturity securities portfolio; (b) if the securities are sold during one month before maturity date; (c) under exceptional circumstances, such as a significant deterioration of the issuer’s creditworthiness.
Reverse transactions
Reverse transactions shall be accounted for in accordance with Article 10 of Guideline (EU) 2024/2941 (ECB/2024/31).
Marketable equity shares
Marketable equity shares shall be accounted for in accordance with Article 11 of Guideline (EU) 2024/2941 (ECB/2024/31).
Marketable investment funds
Marketable investment funds shall be accounted for in accordance with Article 12 of Guideline (EU) 2024/2941 (ECB/2024/31).
Hedging of interest rate risk on securities with derivatives
The hedging of interest rate risk shall be accounted for in accordance with Article 13 of Guideline (EU) 2024/2941 (ECB/2024/31).
Synthetic instruments
Synthetic instruments shall be accounted for in accordance with Article 14 of Guideline (EU) 2024/2941 (ECB/2024/31).
Income recognition
1. Article 16(1), (2), (3), (5) and (7) of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to income recognition. 2. Holdings on special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the European System of Central Banks and of the European Central Bank (hereinafter the ‘Statute of the ESCB’) with respect to central banks of Member States for which the derogation has been abrogated shall be used to offset unrealised losses when exceeding previous revaluation gains registered in the corresponding standard revaluation account as laid down by Article 16(1), point (c) of Guideline (EU) 2024/2941 (ECB/2024/31), prior to the offsetting of such losses in accordance with Article 33.2 of the Statute of the ESCB. The holdings on special revaluation accounts for gold, currencies and securities shall be reduced pro rata in the event of a reduction in the holdings of the relevant assets.
Cost of transactions
Article 17 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to this Decision.
General rules
Article 18 of Guideline (EU) 2024/2941 (ECB/2024/31) shall apply to this Decision.
Foreign exchange forward transactions
Foreign exchange forward transactions shall be accounted for in accordance with Article 19 of Guideline (EU) 2024/2941 (ECB/2024/31).
Foreign exchange swaps
Foreign exchange swaps shall be accounted for in accordance with Article 20 of Guideline (EU) 2024/2941 (ECB/2024/31).
Futures contracts
Futures contracts shall be accounted for in accordance with Article 21 of Guideline (EU) 2024/2941 (ECB/2024/31).
Interest rate swaps
1. Interest rate swaps shall be accounted for in accordance with Article 22 of Guideline (EU) 2024/2941 (ECB/2024/31). 2. Unrealised losses taken to the profit and loss account at the year-end shall be amortised in subsequent years in accordance with the straight-line method. For forward interest rate swaps, the amortisation shall begin from the value date of the transaction.
Forward rate agreements
Forward rate agreements shall be accounted for in accordance with Article 23 of Guideline (EU) 2024/2941 (ECB/2024/31).
Forward transactions in securities
Forward transactions in securities shall be accounted for in accordance with Method A in Article 24(1) of Guideline (EU) 2024/2941 (ECB/2024/31).
Options
Options shall be accounted for in accordance with Article 25 of Guideline (EU) 2024/2941 (ECB/2024/31).
Formats
1. The format of the ECB’s published annual balance sheet shall follow the format in Annex II. 2. The format of the ECB’s published profit and loss account shall follow the format in Annex III.
Development, application and interpretation of rules
1. In interpreting this Decision, account shall be taken of the preparatory work, the accounting principles harmonised by Union law and generally accepted accounting principles. 2. If a specific accounting treatment is not laid down in this Decision and in the absence of a decision to the contrary by the Governing Council, the ECB shall follow valuation principles in accordance with International Financial Reporting Standards as adopted by the European Union that are relevant to the ECB’s activities and accounts. 3. In extremely rare circumstances where the Governing Council concludes that compliance with a requirement of this Decision would not result in a fair presentation of the annual accounts, the ECB shall depart from that requirement and shall provide the reasons in the notes to the annual accounts.
Repeal
1. Decision (EU) 2016/2247 (ECB/2016/35) is hereby repealed. 2. References to the repealed Decision shall be construed as references to this Decision and shall be read in accordance with the correlation table in Annex V.
Entry into force
This Decision shall enter into force on 31 December 2024.
Composition and valuation rules for the balance sheet
ANNEX I Composition and valuation rules for the balance sheet ASSETS Balance sheet item ( 1 ) Categorisation of contents of balance sheet items Valuation principle 1 Gold and gold receivables Physical gold, i.e. bars, coins, plates, nuggets, in storage or ‘under way’. Non-physical gold, such as balances in gold sight accounts (unallocated accounts), term deposits and claims to receive gold arising from the following transactions: (a) upgrading or downgrading transactions; and (b) gold location or purity swaps where there is a difference of more than 1 business day between release and receipt Market value 2 Claims on non-euro area residents denominated in foreign currency Claims on counterparties resident outside the euro area including central banks outside the euro area denominated in foreign currency 2.1 Receivables from the International Monetary Fund (IMF) (a) Drawing rights within the reserve tranche (net) National quota minus balances in euro at the disposal of the IMF. The No 2 account of the IMF (euro account for administrative expenses) may be included in this item or under the liability item 6 ‘Liabilities to non-euro area residents denominated in euro’ (a) Drawing rights within the reserve tranche (net) Nominal value, translated at the foreign exchange market rate (b) Special drawing rights (SDRs) Holdings of SDRs (gross) (b) SDRs Nominal value, translated at the foreign exchange market rate (c) Other claims Loans under special borrowing arrangements, deposits made to trusts under the management of the IMF (c) Other claims Nominal value, translated at the foreign exchange market rate 2.2 Balances with banks and security investments, external loans and other external assets (a) Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’ Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions (a) Balances with banks outside the euro area Nominal value, translated at the foreign exchange market rate (b) Security investments outside the euro area other than those under asset item 11.3 ‘Other financial assets’ Notes and bonds, bills, zero bonds, money market paper, equity shares, investment funds held as part of the foreign reserves, all issued by non-euro area residents (b) (i) Marketable debt securities other than held-to-maturity Market price and foreign exchange market rate. Any premiums or discounts are amortised (ii) Marketable debt securities classified as held-to-maturity Cost subject to impairment and foreign exchange market rate. Any premiums or discounts are amortised (iii) Non-marketable securities Cost subject to impairment and foreign exchange market rate. Any premiums or discounts are amortised (iv) Marketable equity shares Market price and foreign exchange market rate (v) Marketable investment funds Market price and foreign exchange market rate (c) External loans (deposits) to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’ (c) External loans Deposits at nominal value, translated at the foreign exchange market rate (d) Other external assets Non-euro area banknotes and coins (d) Other external assets Nominal value, translated at the foreign exchange market rate 3 Claims on euro area residents denominated in foreign currency (a) Security investments inside the euro area other than those under asset item 11.3 ‘Other financial assets’ Notes and bonds, bills, zero bonds, money market paper, equity shares, investment funds, held as part of the foreign reserves, all issued by euro area residents (a) (i) Marketable debt securities other than held-to-maturity Market price and foreign exchange market rate. Any premiums or discounts are amortised (ii) Marketable debt securities classified as held-to-maturity Cost subject to impairment and foreign exchange market rate. Any premiums or discounts are amortised (iii) Non-marketable securities Cost subject to impairment and foreign exchange market rate. Any premiums or discounts are amortised (iv) Marketable equity shares Market price and foreign exchange market rate (v) Marketable investment funds Market price and foreign exchange market rate (b) Other claims on euro area residents other than those under asset item 11.3 ‘Other financial assets’ Loans, deposits, reverse repo transactions, sundry lending (b) Other claims Deposits and other lending at nominal value, translated at the foreign exchange market rate 4 Claims on non-euro area residents denominated in euro 4.1 Balances with banks, security investments and loans (a) Balances with banks outside the euro area other than those under asset item 11.3 ‘Other financial assets’ Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of securities denominated in euro (a) Balances with banks outside the euro area Nominal value (b) Securities issued by entities outside the euro area other than those under asset item 11.3 ‘Other financial assets’ or asset item 7.1 ‘Securities held for monetary policy purposes’ Equity shares, investment funds, notes and bonds, bills, zero bonds, money market paper, all issued by non-euro area residents (b) (i) Marketable debt securities other than held-to-maturity Market price. Any premiums or discounts are amortised (ii) Marketable debt securities classified as held-to-maturity Cost subject to impairment. Any premiums or discounts are amortised (iii) Non-marketable securities Cost subject to impairment. Any premiums or discounts are amortised (iv) Marketable equity shares Market price (v) Marketable investment funds Market price (c) Loans to non-euro area residents other than those under asset item 11.3 ‘Other financial assets’ (c) Loans to non-euro area residents Deposits at nominal value 4.2 Claims arising from the credit facility under the Exchange Rate Mechanism II (ERM II) Lending in accordance with the ERM II conditions Nominal value 5 Lending to euro area credit institutions related to monetary policy operations denominated in euro Items 5.1 to 5.5: transactions in accordance with the respective monetary policy instruments described in Guideline (EU) 2015/510 of the European Central Bank (ECB/2014/60) ( 2 ) 5.1 Main refinancing operations Regular liquidity-providing reverse transactions with a weekly frequency and normally a maturity of 1 week Nominal value or repo cost 5.2 Longer-term refinancing operations Regular liquidity-providing reverse transactions normally with a monthly frequency, with a maturity longer than that of the main refinancing operations Nominal value or repo cost 5.3 Fine-tuning reverse operations Reverse transactions, executed as ad hoc transactions for fine-tuning purposes Nominal value or repo cost 5.4 Structural reverse operations Reverse transactions adjusting the structural position of the Eurosystem vis-à-vis the financial sector Nominal value or repo cost 5.5 Marginal lending facility Overnight liquidity facility at a pre-specified interest rate against eligible assets (standing facility) Nominal value or repo cost 5.6 Credits related to margin calls Additional credit to credit institutions, arising from value increases of underlying assets regarding other credit to these credit institutions Nominal value or cost 6 Other claims on euro area credit institutions denominated in euro Current accounts, fixed-term deposits, day-to-day money, reverse repo transactions in connection with the management of security portfolios under the asset item 7 ‘Securities of euro area residents denominated in euro’, including transactions resulting from the transformation of former foreign currency reserves of the euro area, and other claims. Correspondent accounts with non-domestic euro area credit institutions. Other claims and operations unrelated to monetary policy operations of the Eurosystem Nominal value or cost 7 Securities of euro area residents denominated in euro 7.1 Securities held for monetary policy purposes Securities held for monetary policy purposes (including securities purchased for monetary policy purposes issued by supranational or international organisations, or multilateral development banks, irrespective of their geographical location). European Central Bank (ECB) debt certificates purchased for fine-tuning purposes (a) Marketable securities Accounted for depending on monetary policy considerations: (i) Market price. Any premiums or discounts are amortised (ii) Cost subject to impairment (cost when the impairment is covered by a provision under liability item 13.2(a) ‘Other Provisions’). Any premiums or discounts are amortised (b) Non-marketable securities Cost subject to impairment. Any premiums or discounts are amortised 7.2 Other securities Securities other than those under asset item 7.1 ‘Securities held for monetary policy purposes’, under asset item 8 ‘General government debt denominated in euro’, and under asset item 11.3 ‘Other financial assets’: notes and bonds, bills, zero bonds, money market paper held outright. Equity shares and investment funds (a) Marketable debt securities other than held-to-maturity Market price. Any premiums or discounts are amortised (b) Marketable debt securities classified as held-to-maturity Cost subject to impairment. Any premiums or discounts are amortised (c) Non-marketable securities Cost subject to impairment. Any premiums or discounts are amortised (d) Marketable equity shares Market price (e) Marketable investment funds Market price 8 General government debt denominated in euro Claims on government stemming from before Economic and Monetary Union (EMU) (non-marketable securities, loans) Deposits/loans at nominal value, non-marketable securities at cost 9 Intra-Eurosystem claims 9.1 Claims related to TARGET (net) Claims related to TARGET (net) Nominal value 9.2 Claims related to the allocation of euro banknotes within the Eurosystem Claims related to the ECB’s banknote issue, in accordance with Decision ECB/2010/29 of the European Central Bank ( 3 ) Nominal value 9.3 Other claims within the Eurosystem (net) Net position of the following sub-items: (a) correspondent accounts of NCBs (a) Nominal value (b) other intra-Eurosystem balances denominated in euro that may arise, including the interim distribution of ECB income to NCBs (b) Nominal value 10 Items in course of settlement Settlement account balances (claims), including the float of cheques in collection Nominal value 11 Other assets 11.1 Coins of euro area Euro coins Nominal value 11.2 Tangible and intangible fixed assets Land and buildings, furniture and equipment including computer equipment, software Cost less depreciation Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The useful life is the period over which a fixed asset is expected to be available for use by the entity. Useful lives of individual material fixed assets may be reviewed on a systematic basis, if expectations differ from previous estimates. Major assets may comprise components with different useful lives. The lives of such components should be assessed individually. The cost of intangible assets includes the price for the acquisition of the intangible asset. Other direct or indirect costs are to be expensed Capitalisation of expenditure: limit based (below EUR 10 000 excluding VAT: no capitalisation) 11.3 Other financial assets — Participating interests and investments in subsidiaries, equity shares and investment funds held for strategic/policy reasons — Securities including equity shares and investment funds, and other financial instruments and balances including fixed-term deposits and current accounts held as an earmarked portfolio — Reverse repo transactions with financial institutions in connection with the management of securities portfolios under this asset item — Euro denominated reverse repo transactions with euro area financial institutions other than credit institutions in connection with the management of securities portfolios other than those held under this item (a) Marketable equity shares Market price, translated at the foreign exchange market rate if denominated in foreign currencies (b) Marketable investment funds Market price, translated at the foreign exchange market rate if denominated in foreign currencies (c) Participating interests and illiquid equity shares, and any other equity instruments held as permanent investments Cost subject to impairment (d) Investment in subsidiaries or significant interests Net asset value (e) Marketable debt securities other than held-to-maturity Market price, translated at the foreign exchange market rate if denominated in foreign currencies. Any premiums/discounts are amortised (f) Marketable debt securities classified as held-to-maturity or held as a permanent investment Cost subject to impairment, translated at the foreign exchange market rate if denominated in foreign currencies. Any premiums or discounts are amortised (g) Non-marketable debt securities Cost subject to impairment (h) Balances with banks and loans Nominal value, translated at the foreign exchange market rate if the balances/deposits are denominated in foreign currencies 11.4 Off-balance-sheet instruments revaluation differences Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date Net position between forward and spot, at the foreign exchange market rate 11.5 Accruals and prepaid expenses Income not due in, but assignable to the reported period. Prepaid expenses and accrued interest paid, i.e. accrued interest purchased with a security Nominal value, translated at the foreign exchange market rate 11.6 Sundry (a) Advances, loans and other minor items. Loans on a trust basis. (a) Nominal value or cost (b) Investments related to customer gold deposits (b) Market value (c) Net pension assets (c) As per Article 26(2) (d) Outstanding claims and securities arising from the default of eligible counterparties or issuers in the context of Eurosystem monetary policy operations (d) Nominal/recoverable value (before/after settlement of losses) (e) Assets or claims (vis-à-vis third parties) appropriated and/or acquired in the context of the realisation of collateral submitted by Eurosystem counterparties in default (e) Cost (converted at the foreign exchange market rate at the time of the acquisition if financial assets are denominated in foreign currencies) LIABILITIES Balance sheet item ( 4 ) Categorisation of contents of balance sheet items Valuation principle 1 Banknotes in circulation Euro banknotes issued by the ECB, in accordance with Decision ECB/2010/29 Nominal value 2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro Items 2.1, 2.2, 2.3 and 2.5: deposits in euro as described in Guideline (EU) 2015/510 (ECB/2014/60) 2.1 Current accounts (covering the minimum reserve system) Euro accounts of credit institutions that are included in the list of financial institutions subject to minimum reserves in accordance with the Statute of the ESCB except for credit institutions exempt from minimum reserve requirements. This item contains primarily accounts used in order to hold minimum reserves and excludes funds of credit institutions that are not freely disposable. Nominal value 2.2 Deposit facility Overnight deposits at a pre-specified interest rate (standing facility) Nominal value 2.3 Fixed-term deposits Collection for liquidity absorption purposes owing to fine-tuning operations Nominal value 2.4 Fine-tuning reverse operations Monetary policy-related transactions with the aim of liquidity absorption Nominal value or repo cost 2.5 Deposits related to margin calls Deposits of credit institutions, arising from value decreases of underlying assets regarding credits to these credit institutions Nominal value 3 Other liabilities to euro area credit institutions denominated in euro Repo transactions with credit institutions for the management of securities portfolios under asset item 7 ‘Securities of euro area residents denominated in euro’. Other operations unrelated to Eurosystem monetary policy operations. Funds of credit institutions that are not freely disposable, and accounts of credit institutions exempt from minimum reserve requirements. Nominal value or repo cost 4 ECB debt certificates issued Debt certificates as described in Guideline (EU) 2015/510 (ECB/2014/60). Discount paper, issued with the aim of liquidity absorption Cost. Any discounts are amortised 5 Liabilities to other euro area residents denominated in euro 5.1 General government Current accounts, fixed-term deposits, deposits repayable on demand Nominal value 5.2 Other liabilities Current accounts of staff, companies and clients including financial institutions not subject to minimum reserve requirements (see liability item 2.1); repo transactions with financial institutions other than credit institutions for the management of securities other than those under asset item 11.3 ‘Other financial assets’; fixed-term deposits, deposits repayable on demand Nominal value 6 Liabilities to non-euro area residents denominated in euro Current accounts, fixed-term deposits, deposits repayable on demand including accounts held for payment purposes and accounts held for reserve management purposes. Repo transactions for the management of securities denominated in euro. Balances of TARGET accounts of central banks of Member States whose currency is not the euro Nominal value or repo cost 7 Liabilities to euro area residents denominated in foreign currency Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold Nominal value, translated at the year-end foreign exchange market rate 8 Liabilities to non-euro area residents denominated in foreign currency 8.1 Deposits, balances and other liabilities Current accounts. Liabilities under repo transactions; usually investment transactions using foreign currency assets or gold Nominal value, translated at the year-end foreign exchange market rate 8.2 Liabilities arising from the credit facility under the Exchange Rate Mechanism (ERM II) Borrowing in accordance with the ERM II conditions Nominal value, translated at the year-end foreign exchange market rate 9 Counterpart of special drawing rights allocated by the IMF SDR-denominated item which shows the amount of SDRs that were originally allocated to the respective country/NCB Nominal value, translated at the year-end foreign exchange market rate 10 Intra-Eurosystem liabilities 10.1 Liabilities equivalent to the transfer of foreign reserves ECB balance sheet item, denominated in euro Nominal value 10.2 Liabilities related to TARGET (net) Liabilities related to TARGET (net) Nominal value 10.3 Other liabilities within the Eurosystem (net) Net position of the following sub-items: (a) correspondent accounts of NCBs (a) Nominal value (b) other intra-Eurosystem balances denominated in euro that may arise, including the interim distribution of ECB income to NCBs (b) Nominal value 11 Items in course of settlement Settlement account balances (liabilities), including the float of giro transfers Nominal value 12 Other liabilities 12.1 Off-balance-sheet instruments revaluation differences Valuation results of foreign exchange forwards, foreign exchange swaps, interest rate swaps (unless daily variation margin applies), forward rate agreements, forward transactions in securities, foreign exchange spot transactions from trade date to settlement date Net position between forward and spot, at the foreign exchange market rate 12.2 Accruals and income collected in advance Expenditure falling due in a future period but relating to the reporting period. Income received in the reported period but relating to a future period Nominal value, foreign exchange translated at market rate 12.3 Sundry (a) Taxation suspense accounts. Foreign currency credit or guarantee cover accounts. Repo transactions with financial institutions for the management of securities portfolios under asset item 11.3 ‘Other financial assets’. Compulsory deposits other than reserve deposits. Other minor items. Liabilities on a trust basis (a) Nominal value or (repo) cost (b) Customer gold deposits (b) Market value (c) Net pension liabilities (c) As per Article 26(2) 13 Provisions 13.1 Risk provisions Provisions for risks that have not materialised, including the contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. Nominal value 13.2 Other provisions (a) Provisions due to the impairment of monetary policy operations. (a) Nominal value (based on valuation at year-end by the Governing Council) (b) For other purposes, e.g., expected future expenses (b) Cost/nominal value 14 Revaluation accounts (a) Revaluation accounts related to price movements for gold, for every type of euro-denominated securities, for every type of foreign currency-denominated securities, for options; market valuation differences related to interest rate risk derivatives; revaluation accounts related to foreign exchange rate movements for every currency net position held, including foreign exchange swaps/forwards and SDRs. Special revaluation accounts stemming from contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated. See Article 15(2) (a) Revaluation difference between average cost and market value, foreign exchange translated at market rate (b) Remeasurement results of the net defined benefit liability (asset) in respect of post-employment benefits, which are the net position of the following sub-items: (i) Actuarial gains and losses in the present value of the defined benefit obligation (ii) Return on plan assets, excluding amounts included in net interest on the net defined benefit liability (asset) (iii) Any change in the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability (asset) (b) As per Article 26(2) 15 Capital and reserves 15.1 Capital Paid-up capital Nominal value 15.2 Reserves Legal reserves, in accordance with Article 33 of the Statute of the ESCB, and contributions in accordance with Article 48.2 of the Statute of the ESCB with respect to central banks of Member States whose derogations have been abrogated Nominal value 16 Accumulated losses carried forward Nominal value 17 Profit/ (loss) for the year Nominal value ( 1 ) With the exception of asset item 7.1, the allocation of balances to those balance sheet items that refer to residency and/or economic sector is based on the classification for statistical purposes. ( 2 ) Guideline (EU) 2015/510 of the European Central Bank of 19 December 2014 on the implementation of the Eurosystem monetary policy framework (ECB/2014/60) ( OJ L 91, 2.4.2015, p. 3 ). ( 3 ) Decision ECB/2010/29 of the European Central Bank of 13 December 2010 on the issue of euro banknotes ( OJ L 35, 9.2.2011, p. 26 ). ( 4 ) The allocation of balances to those balance sheet items that refer to residency and/or economic sector is based on the classification for statistical purposes.
Annual balance sheet of the ECB
ANNEX II Annual balance sheet of the ECB (EUR million) Assets ( 2 ) Reporting year Previous year Liabilities Reporting year Previous year 1 Gold and gold receivables 2 Claims on non-euro area residents denominated in foreign currency 2.1. Receivables from the IMF 2.2. Balances with banks and security investments, external loans and other external assets 3 Claims on euro area residents denominated in foreign currency 4 Claims on non-euro area residents denominated in euro 4.1. Balances with banks, security investments and loans 4.2. Claims arising from the credit facility under ERM II 5 Lending to euro area credit institutions related to monetary policy operations denominated in euro 5.1. Main refinancing operations 5.2. Longer-term refinancing operations 5.3. Fine-tuning reverse operations 5.4. Structural reverse operations 5.5. Marginal lending facility 5.6. Credits related to margin calls 6 Other claims on euro area credit institutions denominated in euro 7 Securities of euro area residents denominated in euro 7.1. Securities held for monetary policy purposes 7.2. Other securities 8 General government debt denominated in euro 9 Intra-Eurosystem claims 9.1. Claims related to TARGET (net) 9.2. Claims related to the allocation of euro banknotes within the Eurosystem 9.3. Other claims within the Eurosystem (net) 10 Items in course of settlement 11 Other assets 11.1. Coins of euro area 11.2. Tangible and intangible fixed assets 11.3. Other financial assets 11.4. Off-balance-sheet instruments revaluation differences 11.5. Accruals and prepaid expenses 11.6. Sundry 1 Banknotes in circulation 2 Liabilities to euro area credit institutions related to monetary policy operations denominated in euro 2.1. Current accounts (covering the minimum reserve system) 2.2. Deposit facility 2.3. Fixed-term deposits 2.4. Fine-tuning reverse operations 2.5. Deposits related to margin calls 3 Other liabilities to euro area credit institutions denominated in euro 4 ECB debt certificates issued 5 Liabilities to other euro area residents denominated in euro 5.1. General government 5.2. Other liabilities 6 Liabilities to non-euro area residents denominated in euro 7 Liabilities to euro area residents denominated in foreign currency 8 Liabilities to non-euro area residents denominated in foreign currency 8.1. Deposits, balances and other liabilities 8.2. Liabilities arising from the credit facility under ERM II 9 Counterpart of special drawing rights allocated by the IMF 10 Intra-Eurosystem liabilities 10.1. Liabilities equivalent to the transfer of foreign reserves 10.2. Liabilities related to TARGET (net) 10.3. Other liabilities within the Eurosystem (net) 11 Items in course of settlement 12 Other liabilities 12.1. Off-balance-sheet instruments revaluation differences 12.2. Accruals and income collected in advance 12.3. Sundry 13 Provisions 13.1. Risk provisions 13.2. Other provisions 14 Revaluation accounts 15 Capital and reserves 15.1. Capital 15.2. Reserves 16 Accumulated losses carried forward 17 Profit /(loss) for the year Total assets Total liabilities ( 1 ) The ECB may alternatively publish exact euro amounts, or amounts rounded in a different manner. ( 2 ) The table of assets may also be published above the table of liabilities.
Published profit and loss account of the ECB
ANNEX III Published profit and loss account of the ECB (EUR million) Profit and loss account for the year ending 31 December … Reporting year Previous year 1. Net interest income / (expense) 1.1. Interest income 1.2. Interest expense 2. Net result of financial operations and write downs 2.1. Realised gains / (losses) arising from financial operations 2.2. Write-downs on financial assets and positions 3. Net income / (expense) from fees and commissions 4. Income from equity instruments and participating interests 5. Other income 6. Staff costs ( 2 ) 7. Administrative expenses ( 2 ) 8. Depreciation of tangible and intangible fixed assets 9. Banknote production services ( 3 ) 10. Other expenses Profit / (loss) before the transfer (to) / from risk provisions 11. Transfer (to) / from risk provisions ( 4 ) Profit / (loss) for the year ( 1 ) The ECB may alternatively publish exact euro amounts, or amounts rounded in a different manner. ( 2 ) This includes administrative provisions. ( 3 ) This item is used in the case of outsourced banknote production (for the cost of the services provided by external companies in charge of the production on behalf of the central banks). It is recommended that the costs incurred in connection with the issue of euro banknotes are taken to the profit and loss account as they are invoiced or otherwise incurred, see also Guideline (EU) 2024/2941 (ECB/2024/31). ( 4 ) This only includes transfers (to)/from provisions for risks that have not materialised, therefore transfers (to) / from provisions due to the impairment of monetary policy operations and other provisions are not included in this item.
Repealed decision with its list of the successive amendments
ANNEX IV Repealed decision with its list of the successive amendments Decision (EU) 2016/2247 (ECB/2016/35) OJ L 347, 20.12.2016, p. 1 . Decision (EU) 2017/2239 (ECB/2017/36) OJ L 320, 6.12.2017, p. 18 . Decision (EU) 2019/2215 (ECB/2019/35) OJ L 332, 23.12.2019, p. 168 . Decision (EU) 2021/2040 (ECB/2021/52) OJ L 419, 24.11.2021, p. 1 .
Correlation table
ANNEX V Correlation table Decision (EU) 2016/2247 (ECB/2016/35) This Decision Article 1 Article 2 Article 3 Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article 11 Article 11a Article 12 Article 13 Article 14 Article 15 Article 16 Article 17 Article 18 Article 19 Article 20 Article 21 Article 22 Article 23 Article 24 Article 25 Article 26 Article 27 Article 1 Article 2 Article 3 Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article 11 Article 12 Article 13 Article 14 Article 15 Article 16 Article 17 Article 18 Article 19 Article 20 Article 21 Article 22 Article 23 Article 24 Article 25 Article 26 Article 27 Article 28
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