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Division 3.6.2 Used ratios and noteworthy valueF1

United Kingdom Repealed

Original text. Later amendments are not shown.

The co-financing capacity check is based on the financial ratios as follows:

Co-financing capacity indicators:

p

  • on-going project where the legal entity is participating

    • Durationprojectp

  • Total Duration of the project p in Years

    • EligibleCostp

  • Total Eligible Cost for the participant in the project p

    • EU contributionp

  • Total EU Contribution for the participant in the project p

    • DaysLeftp

  • number of days left for the project p

    • Cash flow
  • gross operating profit + financial income – interest paid + similar charges

    • Not taken into account for this calculation: ended projects and projects where the EU contribution = Eligible costs of the project.

    1. Financial exposure flag:

    Annotations

    Textual amendments

    F1

    Decision revoked (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Revocation and Sunset Disapplication) Regulations 2023 (S.I. 2023/1143), reg. 2(3), Sch. 2 Pt. 2