# Commission Decision of 18 December 2012 on the adoption of the Rules to ensure consistent verification of the existence and legal status of participants, as well as their operational and financial capacities, in indirect actions supported through the form of a grant under the Seventh Framework Programme of the European Community for research, technological development and demonstration activities and under the Seventh Framework Programme of the European Atomic Energy Community for nuclear research and training activities (Text with EEA relevance) (2012/838/EU, Euratom) (revoked), Division 3.6.2: Used ratios and noteworthy value

Extent: E+W+S+N.I.
Status: repealed

The co-financing capacity check is based on the financial ratios as follows:
Co-financing capacity indicators:
pon-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 flowgross 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.

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Source: https://www.legislation.gov.uk/eudn/2012/838/annex/division/2/division/3/division/3.6/division/3.6.2 (the official version)
Page: https://openlegislation.uk/eu-decision-2012-838/annex/division-2/division-3/division-3.6/division-3.6.2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.