Already available on the Documentation tab - Guidelines, is a Note with Guidelines for Financial Analysis offering explanations about the financial profitability analysis, Deficit Calculation Financing and Sustainability analysis, considering the provisions of Article 61 of Regulation (EU) No 1303/2013 of 17 December 2013 and paragraph f) of article 26 of Decree-Law No. 137/2014 of 12 September.
According to paragraph f) of section 1 of article 26 of Decree-Law No. 137/2014 of 12 September, it is the responsibility of PO SEUR Management Authority verification of the demonstration of the viability and financial sustainability of operations financed, ie the confirmation that the project will have sufficient and available financial resources to cover investment and operating costs throughout their period. For this purpose it is considered necessary to draw up a financial analysis by the beneficiary in accordance with described in section 3.3.1, aiming to meet the demands expressed by the guidelines at Community level, namely:
- Delegate Regulation (EU) No 480/2014, the Commission of 3 March 2014 (Section III - Methodology to calculate the updated net income of net revenue generating operations)
- Manual of the European Commission "Guide to Cost-benefit Analysis of Investment Projects - December 2014" (paragraph 2.7);
- Implementing Regulation (EU) 207/2015 of 20 January 2015 Commission laying down detailed rules for implementing Regulation (EU) No 1303/2013 of 17 December 2013, in terms of methodology to be used for the purpose of cost-benefit analysis, and in which reference is made to the goals and requirements to which the financial analysis must comply.
Thus, taking into account the relevant parameters (investment, replacement costs, costs and revenues), the financial analysis to conduct aims to calculate the financial performance indicators of the project during the construction and exploitation phases.
This Guidance Note aims to systematize the procedures to adopt in project analysis, from the point of view of introductory approach to the assessment of the level of their costs and benefits, which in this programming period is mandatory for all beneficiaries.
