The European Union (EU) annual accounts comprise both the financial statements of the EU (based on international public sector accounting standards) and the results of the implementation of the EU budget during the year (cash basis).

The European Union (EU) annual accounts comprise both the financial statements of the EU (based on international public sector accounting standards) and the results of the implementation of the EU budget during the year (cash basis).

The European Union (EU) annual accounts comprise both the financial statements of the EU (based on international public sector accounting standards) and the results of the implementation of the EU budget during the year (cash basis).

The European Union (EU) annual accounts comprise both the financial statements of the EU (based on international public sector accounting standards) and the results of the implementation of the EU budget during the year (cash basis).

The consolidated annual accounts of the European Union (EU) provide information on the activities of the institutions, agencies and other bodies of the EU from a budgetary and accrual accounting perspective. These accounts do not comprise the annual accounts of Member States.

The consolidated annual accounts of the European Union for the year 2012 have been prepared on the basis of the information presented by the institutions and bodies under Article 148.2 of the Financial Regulation applicable to the general budget of the European Union.

This Annual Management and Performance Report for the EU Budget presents the latest information on the results achieved with the EU budget (section 1) and on how the EU budget is managed and protected (section 2). This report is part of the annual Integrated Financial Reporting Package, which...