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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).
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