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12.2.

2004 EN Official Journal of the European Union C 38 E/75

Tuesday 14 January 2003

2. The investments shown as assets under D shall be shown at their fair value.

3. Where investments are shown at their purchase price, their fair value shall be disclosed in the
notes to the accounts.

4. Where investments are shown at their fair value, their purchase price shall be disclosed in the
notes to the accounts.

5. The same valuation method shall be applied to all investments included in any item denoted
by an arabic numeral or shown as assets under C(I). Member States may permit derogations from
this requirement.

6. The method(s) applied to each investment item shall be stated in the notes to the accounts,
together with the amounts so determined.'

(6) The Annex is deleted.

Article 5

Member States shall bring into force the laws, regulations and administrative provisions necessary to
comply with this Directive by 1 January 2005 at the latest. They shall forthwith inform the Commission
thereof.

When Member States adopt those provisions, they shall contain a reference to this Directive or be accom-
panied by such a reference on the occasion of their official publication. Member States shall determine
how such reference is to be made.

Article 6

This Directive shall enter into force on the twentieth day following that of its publication in the Official
Journal of the European Communities.

Article 7

This Directive is addressed to the Member States.

Done at. […]

For the European Parliament For the Council


The President The President

P5_TA(2003)0002

Unfair practices in the supply of airline services from third countries***I

European Parliament legislative resolution on the proposal for a European Parliament and Council
regulation concerning protection against subsidisation and unfair pricing practices in the supply of
airline services from countries not members of the European Community (COM(2002) 110 —
C5-0133/2002 — 2002/0067(COD))

(Codecision procedure: first reading)

The European Parliament,

— having regard to the Commission proposal to the European Parliament and the Council (COM(2002)
110 (1)),

(1) OJ C 151 E, 25.6.2002, p. 285.


C 38 E/76 Official Journal of the European Union EN 12.2.2004

Tuesday 14 January 2003

— having regard to Article 251(2) and Article 80(2) of the EC Treaty, pursuant to which the Commission
submitted the proposal to Parliament (C5-0133/2002),

— having regard to Rule 67 of its Rules of Procedure,

— having regard to the report of the Committee on Regional Policy, Transport and Tourism and the
opinions of the Committee on Economic and Monetary Affairs and the Committee on Industry, Exter-
nal Trade, Research and Energy (A5-0439/2002),

1. Approves the Commission proposal as amended;

2. Asks to be consulted again should the Commission intend to amend the proposal substantially or
replace it with another text;

3. Instructs its President to forward its position to the Council and Commission.

P5_TC1-COD(2002)0067

Position of the European Parliament adopted at first reading on 14 January 2003 with a view to
the adoption of European Parliament and Council Regulation (EC) No …/2003 concerning protec-
tion against subsidisation and unfair pricing practices causing injury to Community air carriers in the
supply of airline services from countries not members of the European Community

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 80(2) thereof,

Having regard to the proposal from the Commission (1).

Having regard to the opinion of the Economic and Social Committee (2).

Having regard to the Opinion of the Committee of the Regions (3).

Acting in accordance with the procedure laid down in Article 251 of the Treaty (4).

Whereas:

(1) The competitive position of Community air carriers when providing air services to, via or from the
Community could be adversely affected by unfair and discriminatory practices of non-Community air
carriers providing like services;

(2) Such unfair practices may result from a subsidy, subsidies, or other forms of aid granted by a
government, regional body or other public organisation of a country which is not a member of
the Community or from certain pricing practices by a non-Community air carrier or carriers which
are state-controlled;

(3) It is necessary to define the redressive measures to be taken against such unfair practices;

(4) Within the Community there are strict rules regarding the granting of government aid to airlines, and
for Community airlines not to be placed at a competitive disadvantage and suffer injury there is a
need for an instrument to offer protection against subsidised non-Community air carriers or those
receiving other benefits from governments;

(5) It would be preferable for airline services to be included within the scope of the GATS of the
WTO, so that competition and subsidisation in the sector could be regulated fairly on a global
basis;

(1) OJ C 151 E, 25.6.2002, p. 285.


(2) OJ C …
(3) OJ C …
(4) Position of the European Parliament of 14 January 2003.