Regulation (EC) No 138/2004 of the European Parliament and of the Council of 5 December 2003 on the economic accounts for agriculture in the Community (Text with EEA relevance)Text with EEA relevance

• Published date: 05 February 2004
• Official Gazette Publication: Diario Oficial de la Unión Europea, L 33, 05 de febrero de 2004,Journal officiel de l’Union européenne, L 33, 05 février 2004,Gazzetta ufficiale dell’Unione europea, L 33, 05 febbraio 2004

02004R0138 — EN — 11.03.2019 — 006.001

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►B REGULATION (EC) No 138/2004 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 5 December 2003 on the economic accounts for agriculture in the Community (Text with EEA relevance) (OJ L 033 5.2.2004, p. 1)

Amended by:

		Official Journal
		No	page	date
►M1	COMMISSION REGULATION (EC) No 306/2005 of 24 February 2005	L 52	9	25.2.2005
►M2	COMMISSION REGULATION (EC) No 909/2006 of 20 June 2006	L 168	14	21.6.2006
►M3	COMMISSION REGULATION (EC) No 212/2008 of 7 March 2008	L 65	5	8.3.2008
M4	REGULATION (EC) No 1137/2008 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 22 October 2008	L 311	1	21.11.2008
►M5	REGULATION (EU) No 1350/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 11 December 2013	L 351	1	21.12.2013
►M6	COMMISSION DELEGATED REGULATION (EU) 2019/280 of 3 December 2018	L 47	7	19.2.2019

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REGULATION (EC) No 138/2004 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 5 December 2003

on the economic accounts for agriculture in the Community

(Text with EEA relevance)

Article 1

Subject matter

1. This Regulation sets up the economic accounts for agriculture in the Community (hereinafter referred to as ‘EAA’), by providing for:

(a) an EAA methodology (common standards, definitions, classifications and accounting rules), intended to be used for compiling accounts on comparable bases for the purposes of the Community, and for the transmission of data in accordance with Article 3;

(b) time limits for the transmission of the agricultural accounts compiled in accordance with the EAA methodology.

2. This Regulation shall not oblige any Member State to use the EAA methodology in compiling agricultural accounts for its own purposes.

Article 2

Methodology

1. The EAA methodology referred to in Article 1(1)(a) is set out in Annex I.

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2. The Commission shall be empowered to adopt delegated acts, in accordance with Article 4, to amend the EAA methodology set out in Annex I. Those delegated acts shall be limited to specifying and improving the content of Annex I for the purpose of ensuring a harmonised interpretation or of ensuring international comparability.

Those delegated acts shall be adopted only where they do not change the underlying concepts in Annex I, they do not require additional resources for producers within the European Statistical System for their implementation and they do not impose a significant additional burden on Member States or on the respondents.

The Commission shall duly justify the statistical actions provided for in those delegated acts, using, where appropriate, input from relevant experts based on a cost-effectiveness analysis, including an assessment of the burden on the respondents and of the production costs, as referred to in point (c) of Article 14(3) of Regulation (EC) No 223/2009 of the European Parliament and of the Council ( 1 ).

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Article 3

Transmission to the Commission

1. The Member States shall transmit to the Commission (Eurostat) the data set out in Annex II within the time limits specified for each table.

2. The first transmission of data shall take place in November 2003.

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3. The Commission shall be empowered to adopt delegated acts in accordance with Article 4 to amend the list of variables for the provision of data set out in Annex II.

Those delegated acts shall not impose a significant additional burden on the Member States or on the respondents.

The Commission shall duly justify the statistical actions provided for in those delegated acts, using, where appropriate, input from relevant experts based on a cost-effectiveness analysis, including an assessment of the burden on the respondents and of the production costs, as referred to in point (c) of Article 14(3) of Regulation (EC) No 223/2009.

Article 4

Exercise of the delegation

1. The power to adopt delegated acts is conferred on the Commission subject to the conditions laid down in this Article.

2. The power to adopt delegated acts referred to in Article 2(2) and Article 3(3) shall be conferred on the Commission for a period of five years from 10 January 2014. The Commission shall draw up a report in respect of the delegation of power not later than nine months before the end of the five-year period. The delegation of power shall be tacitly extended for periods of an identical duration, unless the European Parliament or the Council opposes such extension not later than three months before the end of each period.

3. The delegation of power referred to in Article 2(2) and Article 3(3) may be revoked at any time by the European Parliament or by the Council. A decision to revoke shall put an end to the delegation of the power specified in that decision. It shall take effect the day following the publication of the decision in the Official Journal of the European Union or at a later date specified therein. It shall not affect the validity of any delegated acts already in force.

4. As soon as it adopts a delegated act, the Commission shall notify it simultaneously to the European Parliament and to the Council.

5. A delegated act adopted pursuant to Article 2(2) or Article 3(3) shall enter into force only if no objection has been expressed either by the European Parliament or by the Council within a period of two months of notification of that act to the European Parliament and the Council or if, before the expiry of that period, the European Parliament and the Council have both informed the Commission that they will not object. That period shall be extended by two months at the initiative of the European Parliament or of the Council.

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Article 5

Final provision

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

This Regulation shall be binding in its entirety and directly applicable in all Member States.

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ANNEX I

ECONOMIC ACCOUNTS FOR AGRICULTURE

(EAA)

CONTENTS
	Foreword
I.	General features of the accounts
A.	Introduction
B.	The basic unit and the agricultural industry
1.	Basic unit
2.	Agricultural industry
3.	Inseparable non-agricultural secondary activities
C.	Measurement of output
D.	Sequence of accounts
1.	Sequence of accounts as provided for in the ►M6 ESA 2010 ◄
2.	Sequence of accounts of the EAA
E.	Sources of data and methods of calculation for compiling the EAA
F.	The classification
1.	General
3.	Definition of the characteristic units of agriculture
4.	Observations concerning various items
5.	Discrepancy between the EAA agricultural industry and the agricultural branch of the centralframework of the national accounts
II.	Transactions in products
A.	General rules
1.	Reference period
2.	Units
3.	Time of recording
B.	Output
1.	General comments on the concepts of output in the ►M6 ESA 2010 ◄ and EAA
2.	Output of agricultural activity: quantities
3.	Output of inseparable non-agricultural secondary activities
4.	Output of the agricultural industry
5.	Valuation of output
C.	Intermediate consumption
1.	Definition
2.	Elements of intermediate consumption
3.	Valuation of intermediate consumption
D.	Gross capital formation
1.	Gross fixed capital formation (GFCF)
2.	Change in stocks
3.	Recording of livestock as ‘GFCF’ or ‘changes in stocks’
III.	Distributive transactions and other flows
A.	Definition
B.	General rules
1.	Reference period
2.	Units
3.	Time of recording distributive transactions
4.	General remarks concerning value added
C.	Compensation of employees
D.	Taxes on production and imports
1.	Taxes on products
2.	Treatment of value added tax VAT
3.	Other taxes on production
E.	Subsidies
1.	Subsidies on products
2.	Other subsidies on production
F.	Property income
1.	Definition
2.	Interest
3.	►M6 Rents (on land and subsoil assets) ◄
4.	►M6 Investment income attributable to insurance policy holders (not covered by the EAA) ◄
G.	Capital transfers
1.	Investment grants
2.	Other capital transfers
H.	Consumption of fixed capital
IV.	Agricultural labour input
V.	Agricultural income indicators
A.	Definition of income and balancing items
B.	Treatment of the income of units organised on a corporate basis
C.	Definition of the agricultural income indicators
D.	Aggregation of income indicators for the European Union
E.	Deflation of income indicators
VI.	Valuation of EAA at constant prices
A.	Price and volume measures
B.	Principles and method for compiling EAA at constant prices
1.	Choice of index formula
2.	Base year
3.	Presenting series in relation to a reference year
4.	►M6 Calculation of value added at fixed year prices ◄
5.	Breakdown of taxes and subsidies on products into volume and price components

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FOREWORD

The revision of the European system of accounts (ESA 2010) ( 2 ) has led to some revisions of the basic methodology used for the EAA, to guarantee consistency with the ESA to allow harmonisation of the EAA both between Member States and with the central framework of the...