# Commission Delegated Regulation (EU) 2019/715 of 18 December 2018 on the framework financial regulation for the bodies set up under the TFEU and Euratom Treaty and referred to in Article 70 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council, Article 98: Financial statements

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

1. The financial statements shall be presented in euro and in accordance with the accounting rules referred to in Article 51 of this Regulation and shall comprise the following:
(a) the balance sheet which presents all assets and liabilities and the financial situation prevailing on 31 December of the preceding financial year;
(b) the statement of financial performance that presents the economic result for the preceding financial year;
(c) the cash-flow statement showing amounts collected and disbursed during the financial year and the final treasury position;
(d) the statement of changes in net assets presenting an overview of the movements during the year in reserves and accumulated results.
2. The financial statements shall present information, including information on accounting policies, in a manner that ensures it is relevant, reliable, comparable and understandable.
3. The notes to the financial statements shall supplement and comment on the information presented in the statements referred to in paragraph 1 of this Article and shall supply all the additional information prescribed by the accounting rules referred to in Article 51 of this Regulation and the internationally accepted accounting practice where such information is relevant to the Union body's activities.
The notes shall contain at least the following information:
(a) accounting principles, rules and methods;
(b) explanatory notes, supplying additional information not contained in the body of the financial statements, which is necessary for a fair presentation of the accounts.
4. The accounting officer shall, after the close of the financial year and up to the date of transmission of the general accounts, make any adjustments that, without involving disbursement or collection in respect of that year, are necessary for a true and fair view of those accounts.

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Source: https://www.legislation.gov.uk/eur/2019/715/article/98 (the official version)
Page: https://openlegislation.uk/eu-regulation-2019-715/article-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.