4.12. 90 Official Journal of the European Communities No L 337/3 COUNCIL REGULATION (EEC) No 3492/90 of 27 November 1990 laying down the factors to be taken into consideration in the annual accounts for . the financing of intervention measures in the form of public storage by the European Agricultural Guidance and Guarantee Fund, Guarantee Section THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricul- tural policy (), as last amended by Regulation (EEC) No 2048/88 (3, and in particular Article 3 (2) thereof, Having regard to the proposal from the Commission, Whereas Regulation (EEC) No 1883/78 (), as last amended by Regulation (EEC) No' 787/89 (%), lays down the general rules for the financing by the European Agri- cultural Guidance and Guarantee Fund, (EAGGF) Guarantee Section, of intervention measures ; Whereas Council Regulation (EEC) No 3247/81 ‘of -9 November 1981 on the financing by the European Agri- cultural Guidance and Guarantee Fund, Guarantee Section, of certain intervention measures, particularly those involving the buying-in, storage and sale of agricul- tural products by intervention agencies (°), as last amended by Regulation (EEC) No 3767/89 (¥), lays down the rules and conditions governing the annual accounts, which enable the expenditure to be financed by the EAGGF, Guarantee Section, for the intervention measures.concer- ning public storage to. be established ; however, in the light of experience it is necessary to simplify the existing procedure and to provide that the rules of implementa- tion should be fixed in accordance with a simplified procedure; whereas Council Regulation (EEC) No 3247/81 should be repealed ; Whereas, under the agricultural Regulations, intervention agencies buy in products offered for intervention; whereas more detailed rules are needed with regard to the responsibility for the preservation of stored products; whereas the inventories of products stored should be drawn up at regular intervals in order to compare them with stock and financial accounts; whereas financing rules should be laid down to cover quantity losses, deteri- oration of products, transport of products -offered for intervention and recovery of sums from sellers, purchasers and storers ; () OJ No L 94, 28. 4 1970, p. 13, () OJ No L 185, 15. 7. 1988, p. 1. - () OJ No L 216, 5. 8. 1978, p. 1. () OJ No L 85, 30. 3. 1989, p. 1. () OJ No L 327, 14. 11. 1981, p. 1. (9 OJ No L 365, 15. 12. 1989, p. 11. Whereas Article 37 (2) of Council Regulation (EEC) No 822/87 of 16 March 1987 on the common organization of the market in wine (), as last amended by Regulation (EEC) No 1325/90 (%), provides that the costs of disposal of products of distillation as provided for in Articles 35 and 36 of that Regulation are to be borne by the EAGGF Guarantee Section; whereas more detailed rules with regard to this measure of disposal are needed; Whereas the adoption of detailed implemenﬁng rules and the procedure to be followed in that case should be provided for, HAS ADOPTED THIS REGULATION: Article 1 1. The annual accounts shall be drawn up for each product which is subject to public storage intervention measures. The accounts shall show separately the following classes of items : (a) expenditure on the physical operations involved in the buying-in of products by intervention agencies ; (b) interest charges in respect of funds immobilized by the Member States in intervention purchases ; (c) differences between the value of quantities carried over . from the previous year and the value of quantities entered, taking account of the depreciation referred to at (d) on the one hand and the value of the quantities removed and the value of quantities carried over to the following year on the other hand, and any other expenditure or revenue ; {(d) the amounts resulting from the depreciation provided for in Article 8 of Regulation (EEC) No 1883/78. The expenditure referred to at (a) and the other expendi- ture and receipts referred to at (c) are listed in the Annex. The costs resulting from transport inside or outside the territory of the Member State shall be approved in accor- dance with the procedure laid down in Article 26 of () OJ No L 84, 27. 3. 1987, p. 1. () OJ No L 132, 23. 5. 1990, p. 19.