{
  "url": "https://openlegislation.uk/eu-regulation-2015-207/annex-II/division-MAJOR/division-E/division-E.1/division-E.1.2",
  "json_url": "https://openlegislation.uk/eu-regulation-2015-207/annex-II/division-MAJOR/division-E/division-E.1/division-E.1.2.json",
  "legislation": "eur/2015/207",
  "legislation_title": "Commission Implementing Regulation (EU) 2015/207 of 20 January 2015 laying down detailed rules implementing Regulation (EU) No 1303/2013 of the European Parliament and of the Council as regards the models for the progress report, submission of the information on a major project, the joint action plan, the implementation reports for the Investment for growth and jobs goal, the management declaration, the audit strategy, the audit opinion and the annual control report and the methodology for carrying out the cost-benefit analysis and pursuant to Regulation (EU) No 1299/2013 of the European Parliament and of the Council as regards the model for the implementation reports for the European territorial cooperation goal",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2015-207",
  "path": "annex/II/division/MAJOR/division/E/division/E.1/division/E.1.2",
  "kind": "division",
  "number": "E.1.2",
  "heading": "Main elements and parameters used in the CBA for financial analysis (all values in euro)",
  "text": "Preferably in real terms.\nIn the meaning of Article 17 of Commission Delegated Regulation (EU) No 480/2014.\nThis does not apply: (1) for projects subject to the rules on State aids in the meaning of Article 107 of the Treaty (see point (G1), pursuant to Article 61(8) of Regulation (EU) No 1303/2013; (2) if flat rate (Article 61(3)(a) and Article 61(3)(aa) of Regulation (EU) No 1303/2013) or decreased co financing rate (Article 61(5) of Regulation (EU) No 1303/2013) is used; and (3) if the sum of the present values of operating and replacement costs are higher than the present value of revenues the project is not considered as revenue generating, in which case items 7 and 8 can be ignored and pro rata application of discounted net revenue should be set at 100 %.\n* Where VAT is recoverable, the costs and revenues should be based on figures excluding VAT.\nMain elements and parameters\nValue\n1\nReference period (years)\n<type='N' input='M'>\n2\nFinancial discount rate (%)\n<type='P' input='M'>\nMain elements and parameters\nValue Not discounted\nValue Discounted (Net Present Value)\nReference to CBA document(chapter/section/page)\n3\nTotal investment cost excluding contingencies\n<type='N' input='M'>\n<type='N' input='M'>\n< type='S' maxlength='500' input='M'>\n4\nResidual value\n<type='N' input='M'>\n<type='N' input='M'>\n< type='S' maxlength='500' input='M'>\n5\nRevenues\n<type='N' input='M'>\n< type='S' maxlength='500' input='M'>\n6\nOperating and replacement costs\n<type='N' input='M'>\n< type='S' maxlength='500' input='M'>\nPro-rata application of discounted net revenue\n7\nNet revenue = revenues – operating and replacement costs + residual value = (5) – (6) + (4)\n<type='N' input='G'>\n< type='S' maxlength='500' input='M'>\n8\nTotal investment cost – net revenue = (3) – (7)\n<type='N' input='G'>\n< type='S' maxlength='500' input='M'>\n9\nPro-rata application of discounted net revenue (%) = (8)/(3)\n<type='P' input='G'>\n< type='S' maxlength='500' input='M'>",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Substituted by Commission Implementing Regulation (EU) 2019/256 of 13 February 2019 amending Implementing Regulation (EU) 2015/207 with regard to changes to the models for submission of the information on a major project, for the joint action plan, for the implementation reports for the Investment for growth and jobs goal and for the European territorial cooperation goal and correcting that Regulation with regard to data for the purpose of the performance review and performance framework."
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "All figures must correspond to CBA document. CBA should be drafted in Euro or local currency with the exchange rate clearly indicated."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Preferably in real terms."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "In the meaning of Article 17 of Commission Delegated Regulation (EU) No 480/2014."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "This does not apply: (1) for projects subject to the rules on State aids in the meaning of Article 107 of the Treaty (see point (G1), pursuant to Article 61(8) of Regulation (EU) No 1303/2013; (2) if flat rate (Article 61(3)(a) and Article 61(3)(aa) of Regulation (EU) No 1303/2013) or decreased co financing rate (Article 61(5) of Regulation (EU) No 1303/2013) is used; and (3) if the sum of the present values of operating and replacement costs are higher than the present value of revenues the project is not considered as revenue generating, in which case items 7 and 8 can be ignored and pro rata application of discounted net revenue should be set at 100 %."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2015/207/annex/II/division/MAJOR/division/E/division/E.1/division/E.1.2",
    "retrieved_at": "2026-11-01T14:46:53.697481+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}