1. In the event that a Member State elects to draw up and maintain accounts for the categories referred to in the second subparagraph of Article 3(1), it shall, without prejudice to any future decision on international accounting rules reflect emissions and removals resulting from such activities, calculated as emissions and removals in each accounting period specified in Annex I, minus the value obtained by multiplying the number of years in that accounting period by a Member State's emissions and removals resulting from such activities in its base year, as submitted to the UNFCCC in that Member States reviewed initial ...[+++]report on base year emission data pursuant to the Annex of Decision 13/CMP.1.

7. The Commission shall be empowered to adopt delegated acts in accordance with Article 12 to amend Annex I to add accounting periods if necessary so as to ensure consistency between those accounting periods and the relevant periods adopted by the bodies of the UNFCCC or the Kyoto Protocol within the framework of the UNFCCC, or other multilateral agreement relevant to climate change concluded by the ...[+++]Union.

2. Where the result of the calculation referred to in paragraph 1 for an accounting period is negative, Member States shall enter into their forest management accounts total emissions and removals of no more than the equivalent of 3.5 per cent of a Member State’s emissions in its base year, as submitted to the UNFCCC in that Member State’s reviewed initial report on base year emission data pursuant to the Annex of Decision 13/CMP.1, excluding emissions and removals from activities referred to in Article 3(1), multiplied by the number ...[+++]of years in that accounting period.

5. All accounting records referring to the fulfilment of a commitment shall be kept for a period of five years from the date of the decision giving discharge in respect of the financial implementation of 11th EDF resources, referred to in Article 50, concerning the financial year during which the commitment was closed for accounting purposes.

4. All accounting records referring to the fulfilment of a commitment shall be kept for a period of five years from the date of the decision giving discharge in respect of the financial implementation of EDF resources, referred to in Article 142, concerning the financial year during which the commitment was closed for accounting purposes.

The cost of depreciation of real estate or equipment counts as eligible expenditure provided that national or Community grants have not contributed towards their purchase, and provided the cost complies with accounting standards and relates to the part-financing period of the operation concerned.