Report on the annual accounts of the Euratom Supply Agency for the financial year 2016 together with the Agency’s reply
1. The main responsibility of the Euratom Supply Agency (the Agency) is to ensure a regular supply of nuclear materials, in particular nuclear fuels, to EU users, by means of a common supply policy based on the principle of equal access to sources of supply.
2. From 2008 up to and including 2011, the Agency did not receive a budget of its own to cover its operations. The European Commission bore all costs incurred by the Agency when implementing its activities. As from 2012, the Agency was granted its own budget by the Commission, however this only covers a minor part of its expenditure.
3. The European Court of Auditors (ECA) has published its report on their audit of the annual accounts of the Euratom Supply Agency for the financial year 2016. The audit covered:
a. the accounts of the Agency which comprise the financial statements and the reports on the implementation of the budget for the financial year ended 31 December 2016, and
b. the legality and regularity of the transactions underlying those accounts.
4. This audit is required by Article 287 of the Treaty on the Functioning of the European Union (TFEU).
5. The ECA found the Euratom Supply Agency accounts to be legal and regular in all material respects.