2012 discharge: European Institute of Innovation and Technology (EIT)

2013/2242(DEC)

PURPOSE: presentation by the Commission of the consolidated annual accounts of the European Union for the financial year 2012, as part of the 2012 discharge procedure.

Analysis of the accounts of the European Institute of Innovation and Technology (EIT).

CONTENT: this Commission document sets out the consolidated annual accounts of the European Union for the financial year 2012 as prepared on the basis of the information presented by the institutions, organisations and bodies of the EU, in accordance with Article 129 (2) of the Financial Regulation applicable to the EU's General Budget, including the European Institute of Innovation and Technology (EIT).

In 2012, the tasks and budget of this agency were as follows:

  • description of the EIT's tasks: the EIT, which is located in Budapest, was set up by Regulation (EC) No 294/2008 of the European Parliament and of the Council. The Institute’s objective is to contribute to sustainable European economic growth and competitiveness by reinforcing the innovation capacity of the Member States and the European Union. The Institute shall: (i) raise awareness among potential partner organisations and encourage their participation in its activities; (ii) select and designate Knowledge and Innovation Communities (KICs) in the priority fields; (iii) mobilise funds from public and private sources to encourage the innovation process; (iv) encourage the recognition in the Member States of degrees and diplomas which are awarded by higher education institutions that are partner organisations,…
  • EIT's budget for the 2012 financial year: the EIT’s budget for 2012, as presented in the Commission document on the consolidated annual accounts of the European Union, gives the following figures:

§         Commitment appropriations :

- committed : EUR 97 million;

- paid : EUR 95 million;

- carried-over : 0.

§         Payment appropriations :

- committed : EUR 83 million;

- paid : EUR 71 million;

- carried-over : EUR 7 million.

Please refer also to the final accounts of the EIT.