L 168/20 Official Journal of the European Communities 3.7.1999 DECISION OF THE EUROPEAN PARLIAMENT of 4 May 1999 giving discharge to the Commission in respect of the financial management of the sixth European Development Fund for the financial year 1997 (1999/429/EC) THE EUROPEAN PARLIAMENT, — Having regard to the EC Treaty, — Having regard to the third ACP-EEC Convention (%), — Having regard to the balance sheets and accounts of the sixth and seventh European Development Funds for the financial year 1997 (COM(98) 0442), — Having regard to the report of the Court of Auditors concerning the financial year 1997 including the report on the activities of the sixth and seventh European Development Funds and the replies of the institutions (C4-0676/98) (%), — Having regard to special report No 24/98 of the Court of Auditors concerning risk capital operations financed from the resources of the European Development Funds, and the replies of the Commission (%), — Having regard to the Recommendation of the Council of 25 February 1999 (6321/99 — C4-0185/99), — Having regard to the declaration of the Council on the statement of assurance of the Court of Auditors relating to the activities of the sixth and seventh European Development Funds (6557/99 — C4-0187/99), — Having regard to the report of the Committee on Budgetary Control and the opinion of the Committee on Development and Cooperation (A4-0198/99), 1. Grants discharge to the Commission in respect of the financial management of the sixth European Development Fund for the financial year 1997 on the basis of the following amounts: BALANCE SHEET OF THE SIXTH EDF AT 31 DECEMBER 1997 (ECU 1000) Assets Situation as at 31.12.1997 Long-term Initial allocation 7 500 000 EIB special contribution 60 000 Current Treasury advance to seventh EDF 689 812 Advances 17 907 Cash at bank 421 547 Total assets 1129 267 () OJ L 86, 31.3.1986. () OJ C 349, 17.11.1998. () OJ C 3 89, 14.12.1998.