It should be clarified that, where the application of prudent valuation would lead to a lower carrying value than actually recognised in the accounting, the absolute value of the difference should be deducted from own funds.

The transmission system operators shall contribute to the ITC fund in proportion to the absolute value of net flows onto and from their national transmission system as a share of the sum of the absolute value of net flows onto and from all national transmission systems.

This type of measure is provoking considerable interest in Italian socio-economic circles because of the way it enables intermediary bodies to stimulate development, and: - give a clear priority to the guidelines laid down in the White Paper as regards the establishment of the large communications networks involving the Mezzogiorno; the CSF is the principal instrument for the financing of these networks and for the mobilization of the public and private resources necessary for their construction; - pays particular attention to environmental protection. Community resources for the environment, limited to 3.5% of the total in the CSF pro ...[+++]posals, now account for 5% of the total; - reduces the proportion of measures for basic infrastructures whilst increasing transport infrastructure measures connected with the trans-European motorway and rail networks; - accords priority, particularly in the regional sections, to renewable energy sources, although the percentage of funding for energy as a whole, in both relative and absolute terms, is less than in the CSF for the period 1989-93.

Drafting amendments to Article 4 of the Commission proposal - Article 4(2): "(a) at the end of a reference period the absolute value of its monetary gap is greater than the threshold referred to in paragraph 5, less O,5 points, or (b) in the case of a negative monetary gap, where, at the end of a reference period, the absolute value of the difference between that gap and the gap for another currency is greater than that threshold.

Similarly, there will be substantial assistance for the environment and the quality of life, since any failures in those areas could constitute an obstacle to the development process; - reduces the relative share of assistance to improve access, in view of the achievements of the preceding period and the exceptional effort in this sector between 1989 and 1993; - retains at the same relative level as in the previous CSF (but with a doubling in absolute terms) expenditure on basic facilities such as water and energy.

Definition of appreciable reduction in the agricultural conversion rate (ACR) - Amendment to the first subparagraph of Article 1(3)(f) of the Commission proposal: "a reduction in the last agricultural conversion rate applicable which is greater, in absolute value, than each of the differences between that rate and the lowest conversion rate applicable:" Advance fixing of amounts in ecu - Article 13(2) of the Commission proposal was amended as follows: "Prices and amounts in ecus, whose value in national currency i ...[+++]s subject on 31 December 1994 to the correcting factor 1,207509, shall be multiplied by that correcting factor on the first application, from 1 January 1995, of an agricultural conversion rate fixed as from the latter date.