Article 121 of Law 47/2003, of 26 November, General Budget (hereinafter the General Budget Law), provides that the entities that make up the administrative public sector shall apply the accounting principles public, as well as the development of the principles and rules laid down in the General Public Accounting Plan (PGCP) and its implementing rules.

Over the last few decades, within the state administrative public sector, certain entities have been set up whose basic regulations give their spending budget an estimate instead of the limiting and binding nature of the budget. which have the budgets of the generality of the entities that make up the sector, with the type of entities becoming increasingly relevant.

For these entities, which over time have been proliferating, it became necessary to lay down specific accounting rules that would adapt the general accounting rules, which apply to them, to the particular situation that they have confers the existence of a non-limiting expenditure budget.

Until 2010, the general regulations mentioned were constituted by the Accounting Instruction for the Institutional Administration of the State, approved by the Order of the Ministry of Economy and Finance of February 1. In 1996, and by Order EHA/777/2005 of 21 March 2005, the procedure for obtaining, formulating, approving and rendering the annual accounts for the State entities governed by public law to which the Accounting instruction mentioned. These two rules were set up as development provisions through which the application of the PGCP approved by the Order of the Ministry of Economy and Finance of 6 May 1994 was carried out and the requirements were met. accounting matters, are contained in the General Budget Law.

By Resolution of 28 December 2000, of the General Intervention of the State Administration, an adaptation of the PGCP was approved for public bodies whose budget of expenditure is of an estimated nature, through of which the adequacy of the general accounting rules materialised to the special characteristics of this type of entity.

Subsequent modifications in the Accounting Instruction for the Institutional Administration of the State of 1996 and in Order EHA/777/2005, forced the introduction of modifications in the Resolution of the Intervention General of the State Administration of 28 December 2000; this Resolution was subject to review by the following provisions:

-Resolution of the General Intervention of the State Administration of 18 July 2006.

-Resolution of the General Intervention of the State Administration of 17 July 2008.

-Resolution of the General Intervention of the State Administration of 3 December 2008.

-Resolution of the General Intervention of the State Administration of 18 March 2009.

The appearance of the new PGCP, approved by Order EHA/1037/2010, of April 13, has forced to revise the accounting regulations of the State Institutional Administration: the Instruction of Accounting for the Administration Institutional of the State of 1996 and Order EHA/777/2005, of March 21, have been replaced (both dispositions) by a new Instruction of Accounting for the Institutional Administration of the State that has been approved by Order EHA/ 2045/2011, of 14 July 2011.

This Accounting Instruction of 2011 constitutes the new normative framework in the field of accounting of the entities that configure the Institutional Administration of the State, among them the public entities that belong to the administrative public sector and whose expenditure budget is estimated. From the perspective of the latter type of entities, the most relevant features presented by the new Accounting Instruction are as follows:

-Like the previous Instruction, it is the basis of the accounting for the application of the PGCP; taking into account that the new Instruction is dictated as a provision of development of the PGCP of 2010, it is this PGCP that has to be used by the entities to which it is addressed.

-A new regulation of the annual accounts is carried out which presents as the most important characteristic the remission that is made to the annual accounts that are established in the PGCP, only the specialties that go to present these accounts, in relation to those of the PGCP, as a result of the specificities of the entities to adjust their accounts to this Instruction.

-The regulation on the procedure for obtaining, formulating, approving and rendering the annual accounts is incorporated, and a specific Title of the Instruction, in particular Title V, is devoted to this purpose. The 1996 instruction was not included in this regulation, which was the subject of a differentiated rule (since 2005, Order EHA/777/2005 of 21 March, and previously the Order of the Ministry of Finance of 28 June 2000). In this way, all the precepts that, in the field of accounting, can be considered as basic general regulations, are binding in a single norm.

In addition, unlike the previous regulation, it should be noted that the new 2011 Accounting Instruction does not include the technical specifications relating to the comprehensive file the annual accounts and their generation and sent to the General Intervention of the State Administration (specifications which in Order EHA/777/2005 were included in the Annexes), leaving for their determination on the part of the Management Centre which, in addition, it must be published on the portal of the budgetary administration in Internet.

The appearance of this new Accounting Instruction requires a review of the Resolution of December 28, 2000, of the General Intervention of the State Administration, which approves the adaptation of the PGCP to those of the public bodies whose expenditure budget is of an estimated nature; in fact, this need is included in the 2011 Accounting Instruction by enabling the General Intervention of the State Administration to prepare the appropriate adaptation of the PGCP for accounting entities whose expenditure budget is of a nature estimate (rule 3.1), making appropriate adjustments to annual accounts and surrender procedures through electronic, computer or telematic means (rules 7.2 and 26.3).

Taking into account all of the above, this Resolution has been drawn up, which is to be followed by the resolution of 28 December 2000, which is hereby repealed. It approves the new adaptation of the PGCP for public entities whose expenditure budget is estimated to be of a kind, thus fulfilling the mandate contained in the rules 3.1, 7.2 and 26.3 of the Accounting Instruction for the Institutional Administration of the State of 2011.

The content of the Resolution has been structured into five points, a transitional provision, a derogation provision and a final provision.

The point first establishes, in general terms, the criteria for the application of the PGCP by the public authorities whose budget of expenditure is of an estimated nature, with reference to the Instruction of Accounting for the Institutional Administration of the State of 2011, subsequently passing on to specify which public entities are subject to the provisions of the Resolution.

The adaptation of the fourth part of the PGCP, "Table of Accounts", is made at the second point, with certain sub-groups and accounts being abolished as a result of the special budgetary regime to which the public authorities are subject whose expenditure budget is of an estimate; two accounts are also incorporated into sub-group 11, "Reserves", in order to collect those which, at the time, were authorised for the National Securities Market Commission by the General intervention of the State Administration of 31 March 2004, and the creation of the (a) sub-groups 42, "miscellaneous creditors", and 46, "miscellaneous debtors", in order to collect, in particular, the obligations to be paid and the rights to be charged arising from the activities that constitute the foundational object of these entities.

The adaptation of the fifth part of the PGCP, "Definitions and Accounting Relations", as a result of the changes introduced, by the second point, is made in the "table of accounts" of the PGCP.

The fourth point deals with the changes to be made to the annual accounts that are regulated in the Accounting Instruction for the Institutional Administration of the State of 2011, as a consequence of the adequacy of the equal to the particularities presented by the public authorities whose expenditure budget is estimated to be estimated, the statement of the budget being abolished and changes to the balance sheet and the report.

The fifth point is about the surrender of the annual accounts, making a reference to the regulation contained in the Accounting Instruction for the Institutional Administration of the State of 2011 and, as in the case of the same, leaving the technical specifications relating to the comprehensive files of the annual accounts, and the referral procedure, for determination by the General Intervention of the State Administration which, in addition, must its publication on the website of the Budget Administration on the Internet.

The single transitional arrangement provides for a special procedure for the preparation of the liquidations of the operating and capital budgets for the financial year 2011, given that, on the basis of those budgets, the structure of the accounts included in the first adjustment of the PGCP for public bodies with a budget of estimates (Resolution of the General Intervention of the State Administration of 28 December 2000), This exercise does not have the proper correlation between the operating budget and the account of the economic outcome, on the one hand, and the capital budget and the state of cash flows, on the other hand.

The last two provisions, repeal and final, establish the scope of the regulatory repeal and the entry into force of the Resolution, respectively.

Finally, an Annex to this Resolution is attached to the purpose of delimiting the contents of note 18 of the Annual Accounts Report, relating to the presentation by activities of the account of the economic outcome, as a consequence of the adequacy of its content to the special characteristics of public entities with an estimate of expenditure.

By virtue of the powers conferred on the General Intervention of the State Administration in Article 125 (1) (b) of Law 47/2003 of 26 November, General Budget, to approve the development of the General Public Accounting Plan and the partial or special plans to be drawn up in accordance with it, this General Intervention provides:

First. Implementation of the General Public Accounting Plan.

The accounts of the public authorities whose expenditure budget is estimated will be adjusted to the General Public Accounting Plan (PGCP), approved by Order EHA/1037/2010, of 13 April, in the regulated in Rule 3 of the Accounting Instruction for the Institutional Administration of the State, approved by Order EHA/ 2045/2011 of 14 July 2011, with the adaptations and adjustments that are regulated in the following points of this Resolution.

For the purposes of this Adaptation, they shall be considered to be public entities whose expenditure budget is of an estimated nature, the entities referred to in points (g) and (h) of Article 2.1 of Law 47/2003, 26 of November, General Budget, which, as part of the administrative public sector, according to the criteria laid down in Article 3 (1) of the said legal text, draw up operating and capital budgets which are included in the The General Budget of the State.

Second. Adaptation of the fourth part of the PGCP to public entities whose expenditure budget is estimated to be estimated.

Public entities whose expense budget is estimated to apply the "Chart of Accounts" of the fourth part of the PGCP with the following modifications:

A) Suppression of subgroups and PGCP accounts.

A. 1) The following sub-groups are deleted; the accounts included in the sub-groups are not to be used:

00. Budgetary control. Current exercise.

03. Cash advances.

40. Budgetary creditors.

41. Non-budgetary creditors.

43. Budgetary debtors.

44. Non-budgetary debtors.

45. Debtors and creditors for the management of resources on behalf of other public entities.

A. 2) Within the account 490, "Impairment of credit value", divisionaries 4902, "Financial investments in group, multi-group and associated entities", and 4903, "Other financial investments" are deleted.

B) Creation of sub-groups and non-anticipated accounts in PGCP.

B. 1) Within subgroup 11, "Reservations", the following accounts are opened:

113. Special reservations.

117. Voluntary reservations.

B. 2) Subgroup 42, "Miscellaneous Creditors", is created for the registration of creditors arising as a result of transactions arising from the activity constituting the foundational object of these entities and of those entities. others that are not included in other PGCP accounts.

The detail of the accounts for this subgroup is as follows:

42. Miscellaneous creditors.

420. Creditors for transactions arising from the activity.

429. Other creditors.

B. 3) Subgroup 46, "Miscellaneous Debtors", is created for the registration of debtors arising as a result of operations arising from the activity constituting the foundational object of these entities and those other which are not included in other PGCP accounts.

The detail of the accounts for this subgroup is as follows:

46. Miscellaneous debtors.

460. Debtors for operations derived from the activity.

469. Other debtors.

Third. Adaptation of the fifth part of the PGCP to public entities whose expenditure budget is estimated to be estimated.

Public entities whose expense budget is estimated to apply the "Definitions and Accounting Relations" of the fifth part of the PGCP with the following modifications:

A) The accounting definitions and relationships of the sub-groups and accounts referred to in point (A) of the second paragraph of this Resolution are removed.

B) With the opening of the accounts referred to in point (B) of the second paragraph of this Resolution, the accounting definitions and relationships of the sub-groups and related accounts are as follows:

11. Reservations.

113. Special reservations.

117. Voluntary reservations.

Collects, where applicable, the reserves originated in accordance with the rules applicable to the entity.

The accounts of this subgroup shall be shown in the net worth of the balance sheet, under heading II, "Generated heritage".

113. Special reservations.

Those established with a mandatory character by any legal provision.

Your move is as follows:

(a) The account shall be paid, at the time the reservation is made, to account 129, "Result of the financial year", or, if applicable, to account 120, "Results of previous financial years".

b) It will be charged, for the provision made of this reservation, with credit, to the account that corresponds to it.

117. Voluntary reservations.

The voluntary character that is provided in the regulations applicable to the entity.

Your movement is analogous to the one described for account 113, "Special Reservations".

42. Miscellaneous creditors.

420. Creditors for transactions arising from the activity.

429. Other creditors.

Obligations to pay arising as a result of transactions arising from the activity constituting the foundational object of these entities, as well as those other obligations to pay that are not included in the other PGCP accounts.

420. Creditors for transactions arising from the activity.

Debts to third parties derived from the goods and services provided for the development of the activities that constitute the foundational object of the entity.

It shall be included in the current liability of the balance sheet in point 1, "Creditors for management operations" under item IV, "Creditors and other accounts payable".

Your move is as follows:

(a) It shall be paid, for the obligations that are recognised, from:

a.1) Group 2 accounts, "Non-current assets", for investments made in intangible fixed assets, material, financial and real estate investments.

a.2) Group 5 accounts, "Financial accounts", for short-term financial investments.

a.3) Group 6 accounts, "Purchases and expenses by nature", other than accounts 606, "Discounts on purchases for early payment", 608, "Purchases and similar transactions", and 609, "Rappels for purchases", for purchases of stocks and expenses.

a.4) Account 472, "Public Finance, Supported VAT", through its divisionaries, for the amount of deductible VAT due on acquisitions and expenses.

a.5) Account 708, "Sales Returns and Similar Operations", by sales that are returned when they have been charged.

a.6) Account 709, "Rappels on Sales", as a result of those granted in the sales process.

a.7) Group 7 accounts, "Sales and revenue by nature", in the case of cancellation of income, when they were charged.

a.8) Account 477, "Hacienda Pública, VAT passed on", through its divisionaries, for the amount of VAT passed on to sales refunds or other income, when its collection had occurred.

b) Charged:

b.1) For the cancellation of the transaction, if the transaction is pending, with credit to the account that corresponds according to the imputation that was made when the obligation was recognized.

b.2) For discounts on purchases, not included in the invoice, that are granted to the entity for payment, with credit to the account 606, "Discounts on purchases for early payment".

b.3) For the amount of the purchase returns that would not have been paid, with credit to the account 608, "Returns of purchases and similar operations".

b.4) For the amount of payments made, with credit to sub-group 57 accounts, "Cash and equivalent liquid assets", when they are cash, by cheque or by bank transfer; in the case of payments The credit account will be 557, "Formalization".

b.5) For the amount of the prescriptions that occur, with credit to account 778, "Exceptional income".

429. Other creditors.

Entity's debts from operations of a non-financial nature that are not included in any other account.

It shall be included in the current liabilities of the balance sheet, including under heading IV, "Creditors and other accounts payable", in point 2, "Other accounts payable".

Your move is as follows:

a) It will be paid:

a.1) To the provision of services, from the account corresponding to the nature of the services.

a.2) In the case of charges that result in the birth of debits, held in the accounts of subgroup 57, "Cash and equivalent liquid assets", account 554, "Cobros to be applied", or account 557, "Formalization", as proceed.

b) Charged:

b.1) For the cancellation of the transaction, if the transaction is pending, with credit to the account that corresponds according to the imputation that was made when the obligation was recognized.

b.2) For the amount of payments made, with credit to sub-group 57 accounts, "Cash and equivalent liquid assets", where they are cash, by cheque or by bank transfer; in the case of payments The credit account will be 557, "Formalization".

b.3) For the amount of the prescriptions that occur, with credit to account 778, "Exceptional income".

46. Miscellaneous debtors.

460. Debtors for operations derived from the activity.

469. Other debtors.

Rights to be charged arising as a result of transactions arising from the activity constituting the foundational object of these entities, as well as those other rights to charge that are not included in others PGCP accounts.

460. Debtors for operations derived from the activity.

Third-party credits as a result of sales and performance of services derived from activities that constitute the entity's foundational object.

It shall be included in the current assets of the balance sheet in item 1, "Debtors for management operations" under heading III, "Debtors and other receivables".

Your move is as follows:

(a) It will be charged, for the rights that are recognized, from:

a.1) Group 1 accounts, "Basic financing", in cases of formalisation of long-term borrowing operations.

a.2) Group 2 accounts, "Non-current assets", for the disposal of intangible fixed assets, material, financial and real estate investments.

a.3) Subgroup 38 accounts, "Assets in sales status", by sales of those assets.

a.4) Group 5 accounts, "Financial accounts", for the formalisation of debt transactions and the disposal of temporary financial investments.

a.5) Group 7 accounts, "Sales and revenue by nature", except the 706 accounts, "Early sales discounts", 708, "Sales trends and similar operations", and 709, "Rappels on sales", by sales of stocks and other income.

a.6) Account 477, "Public Finance, VAT passed on", through its divisional, for the amount of VAT passed on the delivery of goods or services.

a.7) Account 608, "Purchases and similar operations", for purchases that are returned when they have been paid.

a.8) Account 609, "Rappels for purchases", for those granted to the entity.

a.9) Group 6 accounts, "Purchases and expenses by nature", in the case of cancellation of expenses, when they have been paid.

a.10) Account 472, "Public Finance, VAT incurred", through its divisionaries, for the amount of the input VAT that was deductible corresponding to returns of purchases or expenses, when their payment had been produced.

a.11) Accounts of sub-group 94, "Revenue by grants", for the rights deriving from grants attributed to the net worth.

b) It will be paid:

b.1) For the cancellation of the transaction, if the transaction is pending, the account corresponding to the imputation that was made in recognition of the right shall be charged.

b.2) For discounts on sales, not included in the invoice, which are granted by the entity for early payment, with credit to account 706, "Discounts on sales for early payment",

b.3) For the amount of sales returns that would not have been charged, with credit to account 708, "Sales trends and similar operations".

b.4) For the amount of collections that occur, from sub-group 57 accounts, "Cash and equivalent liquid assets", when they are in cash, by cheque or by bank transfer; virtual charges the charge account will be 557, "Formalization".

b.5) At the time of the definitive application of those charges that have been applied transiently through their registration in the account 554, "Cobros pending application", with charge to the latter.

b.6) For the firm insolvencies of the debtors or the prescription of the rights, under account 667, "Loss of bad credits".

469. Other debtors.

Credit for the entity for non-financial nature operations that are not included in any other account.

It shall be included in the balance sheet current including, under heading III, "Debtors and other accounts receivable", in point 2, "Other accounts receivable".

Your move is as follows:

a) It will be loaded:

a.1) To the provision of services, with credit to the account corresponding to the nature of the services.

a.2) In the case of payments giving rise to the credit for the institution, with credit to sub-group 57 accounts, "Cash and equivalent liquid assets", where the payments are in cash, by cheque or through of bank transfer; for virtual payments the credit account will be 557, "Formalization".

b) It will be paid:

b.1) For the cancellation of the transaction, if the transaction is pending, the account corresponding to the imputation that was made when the obligation is recognized is charged.

b.2) For the amount of charges to be incurred, under the accounts of sub-group 57, "Cash and equivalent liquid assets", where they are in cash, by cheque or by bank transfer; virtual charges the charge account will be 557, "Formalization".

b.3) At the time of the definitive application of those charges that have been applied transiently through their registration in the account 554, "Cobros pending application", with charge to the latter.

b.4) Due to the firm insolvencies of the debtors or the prescription of the rights, under account 667, "Loss of bad credits".

C) As a consequence of the modifications provided for in paragraphs (A) and (B) above, the movements of the different PGCP accounts which have as their counterpart the accounts of the sub-groups 40, "Budget creditors", 41, "Non-budgetary creditors", 43 "Budget debtors", and 44 "Non-budgetary debtors".

In general, the scope of these modifications will be as follows:

C. 1) The accounting definitions and relationships of the accounts 472, "Public Finance, input VAT", and 477, "Public Finance, VAT passed on", shall be as follows.

472. Public Finance, VAT supported.

VAT due on the acquisition of goods and services and other transactions covered by the relevant legal texts, which are deductible.

It shall be included in the current assets of the balance sheet, under heading III, "Debtors and other receivables".

It will work through your divisionaries.

The content and movement of the sub-accounts you understand is as follows:

4720. VAT supported.

a) It will be loaded:

a.1) For the amount of VAT deductible when the tax is due, with credit to groups 1, "Basic financing", 4, "Creditors and debtors", or 5, "Financial accounts", or to sub-group 57 accounts, "Cash and equivalent liquid assets".

a.2) For the positive differences resulting in the deductible VAT when the regularisations provided for in the pro rata rule are practiced, with credit to the account 639, "Positive adjustments in indirect taxation".

a.3) For the amount of VAT deductible, calculated in accordance with the VAT rules in the production cases by the entity of goods for its own fixed assets, as well as in the changes of affectation of goods, with credit to the sub-account 4770, "passed on VAT".

b) It will be paid:

b.1) For the amount of the input VAT that is deductible corresponding to cancelled operations, if these are found pending payment, with the account that corresponds according to the imputation that was made to the tax is due.

b.2) For the amount of input VAT that would be deductible corresponding to purchases or expense returns, when your payment was made, from account 460, "Debtors for operations derived from the activity".

b.3) For the amount of the deductible VAT that is compensated for in the liquidation of the period, under sub-account 4770, "passed on VAT". If, after this entry, the balance in sub-account 4720, 'input VAT' is entered, the amount of VAT shall be charged to sub-account 4700, 'Public Finance, debtor for VAT'.

b.4) For negative differences resulting in VAT deductible when the regularisations provided for in the pro rata rule are practiced, with credit to account 634, "Negative adjustments in indirect taxation".

4727. IGIC supported.

a) It will be loaded:

a.1) For the amount of the IGIC deductible when the tax is due, with credit to group 1 creditor accounts, "Basic financing"; 4, "Creditors and debtors", or 5, "Financial accounts"; or to sub-group 57 accounts, "Cash and equivalent liquid assets".

a.2) For the positive differences that result in the IGIC deductible when the regularisations provided for in the pro rata rule are practiced, with credit to account 639, "Positive adjustments in indirect taxation".

b) It will be paid:

b.1) For the amount of the supported IGIC that is deductible corresponding to cancelled operations, if these are found pending payment, with the account that corresponds according to the imputation that was made to the tax is due.

b.2) For the amount of the supported IGIC that was deductible corresponding to purchases or expense returns, when your payment was made, from account 460, "Debtors for operations derived from the activity".

b.3) For the amount of the deductible IGIC that is offset in the settlement of the period, under sub-account 4777, "IGIC passed on." If, after the entry of this subsidiary seat, balance in sub-account 4727, "supported IGIC", the amount of the same shall be charged to sub-account 4707, "Public Finance, debtor by IGIC".

b.4) For negative differences resulting in the IGIC deductible when the regularisations provided for in the prorrata rule are practiced, with credit to account 634, "Negative adjustments in indirect taxation".

477. Public finances, VAT passed on.

VAT due on the delivery of goods or the provision of services and other transactions covered by the relevant legal texts.

It shall be included in the current liabilities of the balance sheet, under item IV, "Creditors and other accounts payable".

It will work through your divisionaries.

The content and movement of the sub-accounts you understand is as follows:

4770. VAT passed on.

a) It will be paid:

a.1) For the amount of VAT passed on when the tax is due, from group 2 debtors ' accounts, "Basic financing"; 4, "Creditors and debtors", or 5, "Financial accounts"; to the accounts of subgroup 57, 'Cash and equivalent liquid assets'; or, where applicable, account 554, 'Pending application'.

a.2) Under sub-account 4720, "input VAT", and, where applicable, to the asset account in question, in the case of production by the entity of goods for its own fixed assets, and in cases of change of affectation.

b) Charged:

b.1) For the amount of the VAT passed on to operations cancelled, if these are to be recovered, with credit to the account that corresponds according to the imputation that was made when the tax.

b.2) For the amount of the VAT passed on to purchases or revenue returns, when there has been a collection, under account 420, "Creditors for transactions arising from the activity".

b.3) For the amount of the deductible input VAT that is compensated for in the settlement of the tax, with subscription to the sub-account 4720, "input VAT". If, after that seat, the balance in sub-account 4770, 'passed on VAT' is entered, the amount of VAT shall be paid to sub-account 4750, 'Public Finance, creditor for VAT'.

4777. IGIC passed on.

(a) To be paid, for the amount of IGIC passed on when the tax is due, from group 2 debtor accounts, "Basic financing"; 4, "Creditors and debtors", or 5, "Financial accounts"; to sub-group accounts 57, "Cash and equivalent liquid assets"; or, where applicable, account 554, "Cobros to be applied".

b) Charged:

b.1) For the amount of the IGIC passed on, if the operations are cancelled, if they are to be recovered, with credit to the account that corresponds according to the imputation that was made on the accrual of the tax.

b.2) For the amount of the IGIC passed on for purchases or revenue returns, when there has been a collection, under account 420, "Creditors for transactions arising from the activity".

b.3) For the amount of the deductible incurred IGIC that is compensated for in the settlement of the tax, with credit to sub-account 4727, "IGIC supported". If, after the entry of this subsidiary seat, balance in sub-account 4777, "IGIC is passed on," the amount shall be paid to sub-account 4757, "Public Finance, creditor by IGIC".

C. 2) In the definitions and accounting relationships of PGCP accounts in which reference is made to the accounts of sub-group 40, "Budget creditors", or 41, "Non-budgetary creditors", such reference shall be understood as accounts for the new subgroup 42, "Miscellaneous creditors".

C. 3) In the definitions and accounting relationships of PGCP accounts in which reference is made to the accounts of sub-group 43, "Budget debtors", or 44, "Non-budgetary debtors", such reference shall be understood as accounts for the new subgroup 46, "Miscellaneous debtors".

C. 4) In PGCP accounts where, as a counterpart in charge movements, reference is made to sub-group 40 accounts, "Budget creditors", such reference shall be made to account of the new sub-group 42, "miscellaneous creditors", or sub-group 57 accounts, "Cash and equivalent liquid assets".

C. 5) In PGCP accounts where, as a counterpart in credit movements, reference is made to sub-group 43 accounts, "Budget debtors", such reference shall be made to account of the new sub-group 46, "Miscellaneous debtors", or sub-group 57 accounts, "Cash and equivalent liquid assets".

Fourth. Adequacy of the annual accounts.

The public authorities whose spending budget is estimated to be of an estimate will form the annual accounts that are regulated in Chapter 2 of Title IV of the Accounting Instruction for the Institutional Administration of the State, with the The following adjustments are indicated.

A) Balance Sheet.

As a result of the adaptation of the Account Table that is regulated in the second paragraph of this Resolution, the following modifications are made to the Balance Sheet model:

1. In item 1, "Debtors for management operations" under heading B. III, "Deudores and other receivables ", the asset shall be exclusively the accounts 460 and (4900).

2. In item 2, 'Other receivables', under heading B. III, "Deudores and other accounts receivable, ' the assets shall be exclusively the accounts 469, (4901), 550, 555 and 558.

3. In item 2, 'Credit and debt securities', under heading B. IV, 'Short-term financial investments in group, multi-group and associated entities', the assets are deleted from accounts 4302, 4432 and (4902).

4. In item 2, 'Credit and debt securities', under heading B. V, 'Short-term financial investments', the assets are deleted from accounts 4303, 4433 and (4903).

5. Under heading A. II, 'Generated Heritage', item 3, 'Reserves', with the accounts of subgroup 11, 'Reserves', is created on the balance sheet.

6. In item 4, 'Other debts', under heading C. II, "Short-term debt ', the liability is deleted from the account 4003.

7. Under heading C. III, "Debt to group, multi-group and short-term associated entities ", the liability is removed from the account 4002.

8. In item 1, "Creditors for management operations" under heading C. IV, "Acreedores and other accounts payable ", the liability shall be exclusively included in the account 420.

9. In heading 2, 'Other accounts payable', under heading C. IV, "Acreedores and other accounts payable ', the liability shall be exclusively the accounts 429, 550, 554 and 559.

B) Suppression of the budget settlement state.

Given the particular budgetary characteristics of the public authorities to which this Resolution applies, the annual accounts of the public authorities shall not incorporate the State of the settlement of the budget, by replacing the corresponding information in the Memory, in accordance with the provisions set out in paragraph C. 3 below.

C) Memory Adequation.

C. 1) The following notes are deleted:

19. Operations by resource management on behalf of other public entities.

20. Non-cash-in-cash operations.

C. 2) Note 18 of the Report on the presentation by activities of the account of the economic outcome shall be drawn up in accordance with the criteria and model set out in the Annex to this Resolution.

C. 3) The contents of note 23 are changed, remaining as follows:

23. Budgetary information.

The budget settlement will be reported by differentiating the following parts:

I. Settlement of the operating budget.

II. Settlement of the capital budget.

In each of these parts, and for each of the headings as provided for in the budget concerned, the following shall be reported:

-The amount initially expected.

-The amount of envelope increments that would have been authorized during the exercise.

-The expected total amount, as the accumulation of the initially planned and the increases of endowments that would have occurred.

-The amount made during the exercise.

-The deviations, absolute and percentage, between the amount realized and the expected total.

The level of unbundling of the information relating to the liquidation of the operating and capital budgets shall be the level of the budget to be approved in the General Budget Law of the State of each year and in increases in allocations to be authorized.

In addition, in relation to the authorizations granted to the entity to increase the allocations of its budgets, it will be reported, for each of the affected items, on the authority that would have approved each increase that would have occurred, with an indication of the amount of the same.

Additionally, where there are items where the deviation between the amount made and the expected total reaches fifteen percent of the amount, the causes of these deviations will also be reported.

C. 4) Note 24 shall report exclusively on financial and property indicators, and shall be as follows:

24. Financial and heritage indicators.

1. Immediate liquidity.

Its content shall be as provided for in point (a) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

2. Short-term liquidity.

Its content shall be as provided for in point (b) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

3. General liquidity.

Its content shall be as provided for in point (c) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

4. Indebtedness.

Its content shall be as provided for in point (e) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

5. Debt ratio.

Its content shall be as provided for in point (f) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

6. Cash-flow.

Its content shall be as provided for in point (g) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

7. Ratios of the account of the patrimonial economic result.

Its content shall be as provided for in point (h) of heading 1, "Financial and heritage indicators", of note 24, which is contained in the model of Memory included in Part Three of the PGCP.

Fifth. Surrender of annual accounts.

The procurement, formulation, approval and surrender of the annual accounts of public entities whose expenditure budget is estimated to be made through electronic, computer or telematic means according to the the procedure laid down in Title V of the Accounting Instruction for the Institutional Administration of the State.

For these purposes, the technical specifications corresponding to the content and structure of the files generated in this procedure, as well as those relating to the submissions of such files among the interveners in the the procedure and the conditions for the electronic signature of such interveners, shall be published on the website of the budgetary administration on the Internet (www.igae.pap.meh.es).

Single transient arrangement. Rule for the preparation of the liquidations of the operating and capital budgets for the financial year 2011.

In the financial year 2011 the liquidations of the operating and capital budgets referred to in Note 23 of the Report of the Annual Accounts to be presented by the entities to which this Resolution applies consist of two sections:

-The first will include only the approved budget, with the structure provided for in Law 39/2010 of 22 December, of General State Budgets for the year 2011.

-The second section will show its execution, presenting the information according to the structure and standards that, in the PGCP approved by Order EHA/1037/2010, of April 13, are contemplated for the account of the result (a) financial assets, in the case of the operating budget, and for the statement of cash flows, in the case of the capital budget.

Single repeal provision. Regulatory repeal.

From the time of application of this Resolution the following provisions are repealed:

-Resolution of 28 December 2000, of the General Intervention of the State Administration, approving the adaptation of the General Plan of Public Accounting to those public bodies whose budget expenses are estimated.

-Resolution of 31 March 2004, of the General Intervention of the State Administration, authorizing the National Securities Market Commission to use two first-order accounts not collected in the PGCP.

Single end disposition. Entry into force.

This Resolution shall enter into force on the day following its publication in the Official Gazette of the State with effect from 1 January 2011.

Madrid, July 28, 2011.-The Comptroller General of the State Administration, José Alberto Pérez Pérez.

ANNEX

Note 18 of the Memory: Presentation by activities of the wealth economic result account

18. Presentation by activities of the account of the patrimonial economic result.

The entity may present the account of the economic income by classifying the economic expenses included in the account by activities.

For this information, the following rules will be taken into account:

a) Total revenue will be grouped into the following three categories:

-Ordinary management revenue.

-Financial Revenue.

-Other income.

(b) Expenditure shall be distributed by activities, determined by the entity itself, in accordance with its productive structure, so that these activities are at least those covered by the creation of the institution and in those other provisions governing its scheme of actions.

Each activity will be allocated the direct costs arising from it and the indirect costs common to other activities, which will be imputed according to objective criteria.

The account information of the wealth economic result by activities will be structured according to the following model:

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