Contents
- 1. Only cash flows to be paid out or received by the operatio…
- 2. Non-cash accounting items such as depreciation, any reserv…
- 3. Cash flows shall be discounted back to the present using a…
- 4. Member States may use a financial discount rate other than…
- 5. Values other than 4 % may be justified on the grounds of:
- 6. In order to establish specific financial discount rates, M…1 change
6.In order to establish specific financial discount rates, Member States shall estimate the average long-term return from an alternative, risk-free basket of investments, whether domestic or international, which they deem most relevant. Information on the different financial discount rates shall be made available to beneficiaries.
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