Accounting law has been the subject of an important amendment through Law 16/2007 of 4 July on the reform and adaptation of trade legislation in accounting matters for international harmonisation on the basis of the European Union legislation, the result of the legislator's decision to continue applying the Spanish accounting rules in the individual annual accounts, which is properly reformed in order to achieve the proper homogeneity and comparability of information financial framework in the context of the new European accounting requirements for accounts consolidated.

The final provision of the Law grants the Government the power to approve by royal decree the General Accounting Plan (PGC) with the aim of setting up the corresponding regulatory framework, today materialised in Royal Decree 1514/2007 of 16 November, approving the General Plan of Accounting, and Royal Decree 1515/2007 of 16 November, approving the General Plan for the Accounting of Small and Medium-sized Enterprises Companies (PGC-SMEs) and the specific accounting criteria for micro-enterprises.

The final provision of Royal Decree 1514/2007, dated 16 November, gives the Minister of Economy and Finance, on a proposal from the Institute of Accounts and Audit of Accounts and through ministerial order, the the approval of adaptations of the General Accounting Plan by reason of the accounting officer.

All of the above, in any case, is based on the exclusive powers in matters of commercial law that are attributed to the State under Article 149.1.6. of the Spanish Constitution, without prejudice to the In the rules that are now adopted, the peculiarities which, with an impact on the accounting field, have been adopted by the various autonomous laws, by virtue of the powers assumed by the autonomous communities in their respective statutes of (a) autonomy in the field of cooperatives, but always respecting commercial law, that further referrals are made in the articles of those provisions.

The approval of the new General Accounting Plan inevitably requires the modification of the regulatory developments of its antecedent, the 1990 Plan, among others, of the special accounting rules for the reason of the subject. In particular, the accounts approved for cooperative societies by Order ECO/3614/2003 of 16 December, by which they approve the rules on the accounting aspects of cooperative societies. The objective of the standards now approved is to review the above in the light of the criteria included in the new General Accounting Plan, but considering the specialty of the substantive regime of the cooperative society.

In the framework of this reform it is worth noting that the new Plan introduced a change in the rating of the sources of financing of the companies and, therefore, in their patrimonial situation. In the case of cooperative societies, this change assumes, in general, that the contributions of the members and other members of the cooperative society, in so far as they do not give the company the unconditional right to refuse reimbursement, must be qualify as a liability by significantly reducing the institution's own funds.

In the spirit of avoiding this patrimonial imbalance, Law 16/2007, of July 4, introduced a series of amendments in Law 27/1999, of July 16, of Cooperatives, allowing the assembly of the cooperative to modify the statutes giving the Governing Council the power to refuse the reimbursement of the contributions. This Law, applicable to cooperatives of state competition, had its antecedent, in very similar terms, in the Law applicable in the Autonomous Community of Euskadi (Law 4/1993, of 24 June, as amended by Law 1/2000 of June 29) and in the Comunidad Foral de Navarra (Law Foral 14/2006, of 11 December).

For the sake of facilitating the change of accounting criteria, the fifth transitional provision. Regulatory developments in accounting matters, of Royal Decree 1514/2007 of 16 November, which in turn refers to the sixth transitional provision of Royal Decree 1515/2007 of 16 November, contained in paragraph 4 a specific clause applicable to cooperative societies, with the following content:

" 4. The criteria establishing the delimitation between own funds and foreign funds in the rules on accounting aspects of cooperative societies, approved by Order of the Ministry of Economy 3614/2003 of 16 December, may continue to apply until 31 December 2009. '

The aim of this transitional regime was twofold. First, to grant cooperative societies subject to the State Law, Euskadi or Navarre a two-year period to modify their statutes by attributing to the Governing Council the unconditional right to refuse the reimbursement of social capital. under certain conditions, and, secondly, to grant the remaining autonomous communities a reasonable period of time so that they could approve a reform similar to that included at the state level.

After this deadline, and in the absence of the necessary changes in most of the autonomic legislation so that the social capital can be included in the own funds, it was considered necessary to modify through the Royal Decree 2003/2009 of 23 December 2009, paragraph 4 of the fifth transitional provision of Royal Decree 1514/2007 of 16 November, in such a way as to extend exceptionally and for a period of one year the validity of the criteria by the the delimitation between own funds and foreign funds is established.

The present rules are approved for the purpose that, once the transitional arrangements described above are concluded, cooperative societies may have at their disposal accounting rules that allow them to continue to supply financial information in the framework of the General Accounting Plan and the General Plan for the Accounting of Small and Medium-sized Enterprises, in line with the International Financial Reporting Standards adopted by the European Union, but without to abandon much of the special regulation adopted in 2003, to which in some cases is simply included as mere formal reviews.

Article 1 of the Order approves the Rules on the accounting aspects of cooperative societies which are further detailed.

Article 2 defines the scope of application. In this sense, the obligatory application is established for all the cooperatives of the norms that regulate the accounting aspects of these societies, indicating that the same complement, modify or adapt the regulated in the General Plan of Accounting and in the General Plan of Accounting for Small and Medium Enterprises, so that, except as strictly modified by the rules that are now approved, the General Accounting Plan or the General Plan of Accounting for Small and Medium-sized Enterprises for companies which, while falling within its scope, they have chosen to apply it. In the same terms, the sectoral adaptations drawn up by virtue of the final provision of the Royal Decree of approval of the General Accounting Plan, as well as the decisions given by the Institute of Accounting and Audit of Accounts in compliance with the final disposition of the Royal Decree.

Another aspect that has been specifically needed to be collected in the field of application is that of cooperative credit unions and insurance cooperatives, which will have to apply the specific accounting rules. The present rules will only apply to such entities, so that these rules will only apply to those entities which are not expressly regulated in those entities. Similarly, cooperatives with credit section, with respect to this, will have to apply the specific regulations approved by the autonomous communities in the development of the General Accounting Plan.

The Order contains a unique additional provision that delimits, in line with Article 36 of the Code of Commerce, the concept of cooperative capital for commercial purposes, which will be provided for in each case by the law of cooperatives. it is applicable, irrespective of the fact that for strictly accounting purposes such capital has been classified as own funds or as a liability.

A single transitional provision is also included for the first application of the rules to be adopted, mainly due to the concepts of assets and liabilities contained in the new accounting rules, which require in most cases to carry out a reclassification of assets to financial liabilities for their accounting value.

The Order also includes a derogating provision of the rules of equal or lower rank whose content is opposed to that set out therein, in particular Order ECO/3614/2003 of 16 December, as well as two provisions final, which respectively collect the title of the jurisdiction under which the Order is issued and its date of entry into force.

The rules on the accounting aspects of cooperative societies are structured in turn in 13 Standards.

The first rule is to delimit the net worth, detailing the items that make up the own funds of the cooperative societies and including, within the own funds, the subordinated funds with maturity in the settlement of the cooperative meeting the characteristics set out in the Fifth Standard.

The second standard develops the concept of cooperative social capital, its rating and valuation as equity, composite financial instrument or financial liability, as well as the treatment of the remuneration associated with the Cited capital. The criterion of the distinction between these categories is essentially the obligation to the cooperative's partner, both for the return of the capital provided and for the payment of a remuneration, a criterion which in turn will delimit the treatment accounting for the remuneration that has been paid to the share capital.

In line with the above approach, the "Temporary Capital" contributions provided for in certain laws follow the treatment provided for in the 2003 Order, and as long as they are conditional on a given duration. qualify as a debt with special characteristics to be reported in the memory. However, the expectation that other contributions from the partners should also be qualified as a liability, for example, if the cooperative does not have an unconditional right to refuse reimbursement, is what justifies the deletion of the express reference to the temporary capital, the accounting treatment of which is subsumed under the general scheme of social capital.

The Third Standard deals with other contributions from the partners, which are qualified as own funds in so far as they are not reintegrable and are not collected by the cooperative in consideration of goods or services provided by it. partners.

The fourth standard collects the accounting aspects of the specific reserve funds of the cooperative societies. The distinction for accounting purposes between equity and liabilities also determines the accounting treatment of these funds. In particular, the Obligatory Reserve Fund shall be classified as a net worth or as a liability on the basis of whether it is payable.

The Fifth Standard regulates subordinated funds with maturity in the settlement of the cooperative. These funds shall be classified as their own, provided that their characteristics are similar to the share capital enjoyed by that qualification. In other words, there is only an obligation to repay at the time of the liquidation of the cooperative and not to have a compulsory remuneration.

Standard sixth deals with the Education, Training and Promotion Fund, a specific aspect of cooperative societies that is accounted for as a current or non-current liability based on its maturity, in a pool independent. In terms of its movement, the profit and loss account opens a item where the amount of the fund, grants, donations or other aid, and the penalties to be charged to it, are reflected in a disaggregated form.

The seventh standard, for the purpose of determining the result of the exercise and the production of profit and loss account of cooperative societies, provides that the principles and rules of law shall apply. contained in the first, second and third part of the General Accounting Plan or the General Plan for the Accounting of SMEs, without prejudice to the specific rules set out in these rules.

The eighth, ninth and tenth rules, relating to the accounting record of revenue and expenditure as a result of transactions with partners, are subject to changes only in respect of the previous Rules.

For its part, the 11th Standard, dedicated to the distribution of results, has three sections to reflect the impact on the annual accounts of the application of the profits and the losses of the companies cooperatives, as well as, where appropriate, the accounting treatment of contributions to the Fund for the conversion of results.

The 12th Standard regulates the general rules of record of profit tax expense that taxes the cooperative and extra-operating income.

Finally, the 13th Standard refers to the annual accounts of cooperatives, which will be drawn up in accordance with the rules laid down in the General Accounting Plan or in the General Plan of Accounting for SMEs. The Standard includes, in line with the previous year 2003, the specific additional information, which in any case should be included in the memory, which has been considered necessary for the understanding of the annual accounts of the cooperative societies. Annexes I and II to the Rules include the annual accounts models to be submitted by cooperative societies.

In its virtue, on a proposal from the Institute of Accounts and Audit of Accounts, and according to the State Council, I have:

Article 1. Approval of the Rules.

The rules on the accounting aspects of cooperative societies are approved, the text of which is inserted below.

Article 2. Scope.

1. These Rules shall be mandatory for cooperative societies.

In everything not specifically modified in these Rules, the General Accounting Plan will apply, as provided for in Royal Decree 1514/2007 of 16 November, as well as the sectoral adaptations and the Resolutions of the Accounting and Audit Institute approved under the first and third final provisions, respectively, of the aforementioned Royal Decree.

2. The cooperatives which, in accordance with Articles 2 and 4 of Royal Decree 1515/2007 of 16 November, have chosen to implement the General Plan for the Accounting of Small and Medium-sized Enterprises or, where appropriate, the applicable criteria by micro-enterprises contained therein, they shall apply such a plan or criteria in any case not modified by the rules inserted below.

3. However, credit and insurance cooperatives shall be governed by the specific accounting provisions applicable to them, with the present Rules applicable only to the provisions of those provisions.

In the case of cooperatives that have a credit section, as far as the credit section is concerned, they shall follow the specific accounting rules applicable to them and, failing that, or for those aspects not covered by them, Accounting Standards.

Single additional disposition. Cooperative capital.

The rules on the accounting aspects of cooperative societies will not affect the qualification of social capital for the purposes regulated in the law of cooperatives that are applicable, the social statutes and the commercial law in general. In other words, the capital of the cooperative society shall be that issued as such in accordance with the requirements laid down in that legislation, irrespective of whether it has been classified as own funds or as a liability in accordance with the provisions of the Rules on the accounting aspects of cooperative societies.

Single transient arrangement. First application of the regulations.

Cooperatives, in the first financial year in which they apply the Rules approving this provision, in so far as they are required to reclassify certain items of equity to the entity's liability, shall do so for the accounting value they submit the same at the beginning of that financial year.

Additionally, the amounts that would have been accounted for in accordance with the regulations in force prior to the first application of these Rules will not be rectified, so the values contained in the closing of the exercise shall be considered as initial values for the purposes of the new standard.

Single repeal provision. Regulatory repeal.

Rules of the same or lower rank whose content is opposed to that set out in this Ministerial Order, in particular, Order ECO/3614/2003 of 16 December, and the Rules on the accounting aspects of the cooperative societies approved by the same.

Final disposition first. Competence title.

This Order is dictated by the provisions of Article 149.1.6. of the Constitution, which attributes exclusive competence to the State in matters of commercial law.

Final disposition second. Entry into force.

This Order shall enter into force on 1 January 2011 and shall apply for the financial years starting from that date.

Madrid, December 21, 2010. -Vice President Segunda del Government and Minister of Economy and Finance, Elena Salgado Méndez.

RULES ON THE ACCOUNTING ASPECTS OF COOPERATIVE SOCIETIES

INTRODUCTION

I

1. The Rules on the accounting aspects of cooperative societies have been developed by a group of experts who have developed their work within the Institute of Accounts and Audit of Accounts (ICAC). In the course of the meetings held, different issues have been studied that affect the subject, deepening the most characteristic aspects of these entities and proposing, in each case, the accounting solutions that have been estimated reasonable to meet the particular conditions of cooperative societies.

2. Cooperatives are formed by a group of persons, natural or legal, who carry out their activities under cooperation and in the common interest of developing an activity in which they themselves intervene, or as suppliers of goods or services, or as clients of the cooperative society itself.

In dealing with the accounting aspects of cooperative societies it has been decisive to consider their nature as commercial companies, as provided for in the Commercial Code, but, unlike companies The capitalist base, which has also been referred to as "people's societies".

While capitalist societies, especially public limited companies, do not take into account the personal conditions of the partners, but their contribution of capital, in cooperative societies their own purpose of satisfying The socio-economic needs of the partners make it obligatory the participation of the partner in the business activity that the cooperative develops. This difference is fundamental to the extent that, while the capitalist partner perceives a dividend proportional to its contribution to the social capital, the cooperativist will perceive, if necessary, a cooperative return in proportion to the activity deployed. in the cooperative.

All without prejudice to the presence in certain cooperatives of mixed formulas (society of capitalist society) in which, together with the contributions of the partners linked to the activity of the cooperative, (a) a permanent financing formula, similar to ordinary shares, which does not give the cooperative an obligation, direct or indirect, to deliver cash or other financial assets. For example, in the case of so-called social parties with a vote in mixed cooperatives.

Likewise, the liquidation of both types of companies is different. In capitalist societies, the social haber resulting from its liquidation is distributed to the partners, participating in the residual value of the assets of the company after deducting its liabilities. In the face of this scheme, the social character of the cooperative societies assumes that at the time of its liquidation the partner will recover the amount of the contributions, updated as appropriate, once paid or deducted the amounts provided for in the law, for the purpose of the excess liquid, if any, to the cooperative society or a federative entity which is expressly included in the statutes or which is designated by the General Assembly. Similarly, the different substantive laws may lay down the obligation to make the excess liquid available to the Public Administration or another body designated by the various substantive laws, as is the case of Law 2/1999, March 31, of the Andalusian Cooperative Societies, which establishes this end in favor of the Andalusian Council of Cooperation with an imperative nature.

This difference, which finds its justification in the social character of cooperatives, is not obice so that, from an accounting point of view, both the contributions of the capitalist partner and those of the cooperative that do not have the consideration of financial liabilities is part of the company's net worth.

Further abundance, the contributions of collaborating partners or certain subordinated funds that enjoy characteristics similar to those of the registered capital as equity are also qualified as own funds. net.

These rules take into account these specialties for, within the framework of the general criteria included in the Trade Code and the General Accounting Plan, to facilitate the Spanish cooperative societies accounting criteria in line with the International Financial Reporting Standards adopted by the European Union (NIIF-EU). In particular, with the International Accounting Standard (IAS) n. 32 Financial Instruments: Presentation and Interpretation n ° 2 Contributions of cooperative entities ' partners and similar instruments of the Rules of Procedure Committee international financial information.

3. As a general rule, the legal regime of cooperative societies is constituted by Law 27/1999 of 16 July, of Cooperatives, and the autonomous regulations in the terms mentioned below, offering a complete system of regulation adjusted to the cooperative principles proclaimed by the International Cooperative Alliance.

4. These rules were issued in compliance with the qualification contained in the final provision of Royal Decree 1514/2007 of 16 November, which adopted the General Accounting Plan, and which are intended to adapt the rules for recording and assessing and drawing up the annual accounts for the specific characteristics of cooperative societies, may be applied by all of them, irrespective of where they are active in the main activity and the rules governing the autonomy of cooperatives; are subject. For these purposes, the fact that they are applicable to all cooperatives has required that the peculiarities which, with an impact on the accounting field, have been taken into account have been taken into account.

However, in order to deepen the convergence of the accounting criteria of the cooperative society and the other companies, mainly for the benefit of the cooperative society itself, the aforementioned peculiarities in no They can lead to the adoption of solutions that are contradictory to the Conceptual Framework of Accounting included in the Commercial Code, but to the search for an accounting interpretation of the economic regime of the consistent cooperative society. with the above Framework.

II

5. The Accounting Standards of Cooperative Societies are structured in 13 Standards and incorporate two annexes with the balance sheet models, profit and loss account, status of changes in equity and cash flow status, documents that integrate annual accounts together with the memory, adapted to the peculiarities of this type of company.

6. The Standard first takes on special importance given the new configuration of the patrimonial situation of the cooperative societies following the approval of the new General Plan of Accounting, which incorporates the criteria provided for in the International financial information in force in the European Union (NIIF-EU) to qualify financial instruments as own funds or liabilities.

In this sense, the Standard collects the concept of net worth and develops the headings that, within the net worth, make up the own funds of the cooperative societies, of which the social capital and the subordinated funds with maturity in the settlement of the cooperative, provided that they meet the requirements of the second and fifth standards, respectively.

7. The second rule regulates the accounting system of social capital. It is considered as social capital, for purely commercial purposes-the minimum social capital with which the cooperative society or the social capital below which the cooperative society will be dissolved can be constituted and function, which is defined as such in the Law of Cooperatives.

The basic characteristics of social capital are:

a) Its character of permanence or stability, so that its reimbursement or reduction is subject to a series of limitations imposed by the law and the statutes of the cooperative society.

b) This affected the activity of society and, therefore, the absorption of possible social losses, in the form established by law.

c) Act as collateral for social creditors.

d) Its availability is, in general, subject to a series of legal constraints and requirements so that, in the liquidation of the company, the holders are placed, with respect to the reimbursement of the own funds which they are entitled to correspond, behind all the common creditors.

In addition, cooperative social capital brings together the following specific aspects:

a) It does not serve, as a general rule, to structure voting rights.

b) Not used as profit sharing basis and loss imputation. As a general rule, the result is distributed according to the participation of each partner in the cooperative activity.

For accounting purposes, however, the social capital of cooperatives may have the rating of own funds, liabilities or compound financial instrument. It is the General Accounting Plan itself that delimits in the Standard of Registration and Valuation (NRV) 9. Financial Instruments, in its third paragraph, as the financial instruments issued by a company, in the following terms: ' The financial instruments issued, incurred or assumed shall be classified as financial liabilities, in whole or in one of their parts, provided that in accordance with their economic reality they assume a contractual obligation for the undertaking; direct or indirect, to deliver cash or other financial assets, or to exchange assets or financial liabilities with third parties under potentially unfavourable conditions, such as a financial instrument providing for its mandatory repurchase by the issuer, or giving the holder the right to require the issuer to rescue it on a date and by a certain or determinable amount, or to receive a default remuneration whenever there are distributable benefits. "

The new accounting regulation of sources of financing implies for cooperative societies that the contributions of the partners, in so far as they do not grant the company the unconditional right to refuse its reimbursement, they are partially liable to have a liability rating, with the resulting equity impact. This prompted the amendment of Law 27/1999 of 16 July of Cooperatives, in order to prevent these companies from seeing their own funds reduced to a minimum. As a result of the amendment, the capital of the company which will have the qualification of own funds will be the one that meets two conditions: that its reimbursement in the case of the low of the cooperative can be refused by the Rector Council and that it does not entail a mandatory remuneration to the partner or participant.

When the reimbursement of contributions in the event of a discharge is not repayable or the remuneration or return is not discretionary, the social capital shall be considered as a compound financial instrument (defined in the General Plan). (Accounting), or financial liability. The contributions shall be shown as a financial liability where the said components have such a rating, in particular where the partner is not entitled to return, as may be the case of certain partner or associate partners, and their contribution and remuneration are payable.

Otherwise, in other words, if any of the above components are to be identified at the initial recognition date as a net worth component, the contributions shall be classified as instruments. compound financials.

To this effect, in general, the right of the partner to the cooperative return on the basis of the cooperative activity, unless it is predetermined by the statutes, has the qualification of own funds to the extent that can be identified from an economic point of view as a component of the financial instrument whose payment can be avoided. In the same sense, the partner's right to the remuneration of contributions, where such remuneration is discretionary, is identified as a net worth component at the date of initial recognition of the contribution.

8. For the purposes of assessing compound financial instruments, the General Accounting Plan requires that the financial liability component and the equity component be valued separately.

The criteria to be followed to assess both components was a widely debated issue in the working group. Some members of the group were of the opinion that the solution in nothing should differ from that provided for in the PGC and, consequently, where the reimbursement could not be refused, this financial liability component could not be measured at a level below the value of the the obligation to pay at the end of the financial year which, as a general rule, would coincide with the nominal value of the instrument. Similarly, where the liability brought about a compulsory remuneration or return, it should be concluded that the equity component is negligible, provided that it is paid for an amount similar to the market remuneration for instruments with equivalent economic characteristics.

In both cases, the subsequent valuation would be the one provided for in the General Accounting Plan for the amortised cost financial liabilities, with the distribution of optional cooperative return or remuneration recorded. discretionary, in any case, as a distribution of surplus when agreed.

Without prejudice to the foregoing, the majority of the group also agreed that the solution that was finally included in the Standard should not dispense with the uniqueness that characterizes the contribution of the cooperative, in whose virtue has access to the development of an economic activity, a circumstance that requires the pure financial analysis of the operation to be qualified.

Looking for the objective of reconciling both positions, the second standard offers a solution based on the subject of the accounting subject analyzed, where the analysis of the remuneration associated with the contributions of the partner, by comparison with the profitability that another company could offer with the same risk configuration, it cannot be carried out without considering that the contribution constitutes an open door to the development of the activity.

On the basis of this reasoning, it can be concluded that the Standard incorporates the legal presumption that the remuneration agreed with the cooperative for its contribution, in the cases in which it is compulsory, and the price of the the goods and services which a partner and company exchange, are fixed as a whole in terms of market value and, consequently, that the contribution must be accounted for as a financial liability, since the equity component, with a character general and under this premise, it should be valued at the initial moment for an insignificant amount.

That is, it is presumed that the compulsory remuneration and the price of the goods and services which partner and company exchange are fixed as a whole in terms of market value provided that the economic logic present in the The cooperative's activity shows that its social object is configured as a means to channel the activity of the cooperativist on the market and, consequently, that in the context of this, a singular market, these prices constitute the best estimate of the fair value of these operations.

In this sense, the majority of the autonomous laws establish as a limit of the price that the cooperative can pay to the cooperativist the own market price or of liquidation against third parties, assuming that the logic of the It is inherent in any business activity and the corresponding added value, in these cases, it moves from the society to the cooperativist.

Finally, the valuation of the financial liability at the cost increased in interest is justified by the low reliability that the application of the amortised cost criterion would incorporate into the annual accounts. Essentially, because of the uncertainty surrounding the estimates in the contingent remuneration assumptions, this is mandatory, but conditional on the existence of profit, as well as on the date on which the cooperativist will apply for the reduction and the cooperative will agree to the refund.

9. The accounting record of capital injections is developed in a series of sub-divisional accounts of the social capital account, distinguishing, in accordance with the specific regulations of cooperatives (cooperative laws), according to the the mandatory or voluntary nature of the contribution, of its rating as own funds or financial liabilities, as well as in the case of contributions made by partner and associated partners or injured persons. The above requires that in cases where a partner cannot have the status of a partner, the contribution made by the partner shall be recorded on the basis of his/her nature.

10. As regards the remuneration of the contributions to the share capital, the Standard establishes a criterion consisting of the accounting nature of the amount paid and, in this regard, when the net worth component identified in the Initial recognition of the contribution of the cooperativist under the discretion of the cash flows generated by the remuneration is accounted for as a distribution of results, while in cases where a liability is remunerated In other words, when the remuneration is compulsory, an expenditure on the account of the profit and loss. This same criterion applies to account for cooperative return.

According to the provisions of Article 48 of Law 27/1999 of July 16, of Cooperatives, the expenditure must be individualized in the profit and loss account, so that its impact on the result of the cooperative. For these purposes, a specific breakdown has been included with the name 'Interest and compulsory return on contributions to the share capital and other qualifying funds with debt characteristics' under the heading 'Financial expenses' of the profit and loss account.

The interpretation of this article must be consistent with the accounting criteria to recognize the remuneration of contributions. As a result, the legal reference in the new accounting framework must be interpreted as a requirement for separate presentation of financial expenditure, the classification of which, in any event, corresponds to the accounting standard. This same reasoning should be made regarding the correct interpretation of the articles of the autonomous laws that establish a regulation similar to that of the state in this matter.

11. Cooperative societies can reduce their capital by the different causes specifically regulated in their laws, although from an accounting perspective the way to register the reductions motivated by the reimbursement of the costs has been treated in particular. the contributions of the low-end partner. Where the share capital is classified as own funds, this type of reduction, even in the event that, as a result of the reimbursement, the share capital is below the statutory minimum amount and the cooperative should be to be dissolved unless within the legally established period the amount of its minimum social capital is reintegrated or reduced in sufficient amount, they produce, from the moment the repayment agreement becomes firm, the birth of a debt to register in the open creditor accounts in subgroups 17 or 52, depending on the time limit due to the amounts credited to the capital injections and any other items of own funds, as is the case for the partial allocation of the compulsory reserve fund, as laid down in Article 84 (3) of the Treaty. Law 2/1999 of 31 March of Andalusian Cooperative Societies.

In cases where the share capital is accounted for as a financial liability, the repayment agreement shall determine, where appropriate, the short-term reclassification of the financial liability in which the said contribution looks, as well as the the liability of the special funds to be reimbursed, except that due to their due character such funds are already accounted for as a debt.

Any deduction that is made in the securities to be repaid to the partner that causes a loss due to losses due to it shall be recognised in the reserves of the company, irrespective of the capital being qualified as funds own or financial liability. Deductions that are applied for unjustifiable losses shall be accounted for in the reserves or in the profit and loss account, depending on whether the contribution is accounted for as own funds or financial liabilities, respectively.

12. The third standard contains the treatment of other contributions from non-reintegrable partners which, in so far as they do not constitute consideration for the supply of goods or services provided by the cooperative, are classified as own funds. although they are not part of the social capital; this is the case with the provisions of Article 52 of Law 27/1999, of 16 July, of Cooperatives.

The incorporation into the balance sheet of these contributions or non-reintegrable contributions that the cooperative requires from its partners will be made under the heading "Reserves", in the case of income or contribution fees directly intended for increase the reserve funds of the cooperative, and under the heading "Other contributions from partners", provided that the contributions are required from the partners in order to compensate for the losses of the cooperative society in whole or in part.

Among these contributions regulated in Standard third and considered as reserves may be the contributions of the partners to the operational funds of the cooperatives recognized as fruit producer organizations and Council Regulation (EC) No 1234/2007 of 22 October 2008, as amended by Council Regulation (EC) No 1234/2007 of 14 April 2008, as amended by Council Regulation (EC) No 1234/2007 of 22 October 2008. These operational funds are for the financing of the operational programmes provided for in European legislation, an important instrument of assistance which the European Union articulates for the OPFH, by contributing in general with the 50% of the operational programmes. (a) a percentage of the financing of the same, provided that the conditions and limits laid down are met. This Community aid, in any case, is a subsidy which the relevant cooperatives will account for as a capital, since the objectives of the operational programmes concern the establishment and the structure of the OPFH, although it is also possible to qualify as operating grants, for example, when they fund product recalls.

In addition to through the Community financial assistance or, where appropriate, the possible national financial assistance, the operational funds are financed by the financial contributions of the members or the OPFH itself. Pursuant to paragraph 2 of the NRV 18. of the PGC, these contributions or contributions, to the extent that they are non-reintegrable contributions made by the cooperative's partners, do not constitute income, and it is necessary to register directly in the funds Without prejudice to the legal regime to be applied in relation to the availability of such contributions.

13. The accounting aspects of the Mandatory Reserve Fund and the Refund or Update Fund are regulated in the Fourth Standard. Additionally, in this Standard the accounting treatment of the Voluntary Reserve Fund provided for in all the laws of cooperatives is developed, in tune with the voluntary reserves of the capital companies, without prejudice to the particular regime of the provision and availability contained in these laws.

The Obligatory Reserve Fund is a legal reserve imposed by the regulations applicable to cooperatives that is characterized by being destined for the consolidation, guarantee and development of those cooperatives.

Article 58.1 of Law 27/1999, of 16 July, of Cooperatives, establishes the obligation to allocate to this Fund a percentage of the surplus counted for the determination of the cooperative result, after deduction of the losses of any kind of prior years and before the consideration of the Company Tax. In addition, other concepts detailed in the various cooperative laws, including: the membership fees, the deductions on contributions, will be allocated to the Mandatory Reserve Fund. (a) compulsory in the case of a lower partner and the results of the operations carried out under the cooperative agreements covered by Article 79.3 of Law 27/1999 of 16 July of Cooperatives.

As a general rule, the Obligatory Reserve Fund has an irreparable character among the partners, so its rating is that of net worth. However, in some autonomous legislation such as the Andalusian and the Murciana, the Fund is partially redistributed in the event of the partner's absence when the statutes, in which case, the deliverable fund linked to the social capital, are laid down. reimbursement cannot be refused is accounted for as a financial liability. In line with this rating, the Standard provides that in these cases the mandatory allocation to the Fund will be accounted for by an expenditure of the year.

The nature of the aforementioned expenditure was a matter discussed in the working group. Some members considered that if their amount was quantified by reference to the activity that the partner deployed with the cooperative, it should be counted as a higher value of the acquisitions or lower sales amount. Others thought, however, that, in general, to the extent that it was called to update the value of a financial liability, this should be its nature, a thesis that has finally thrived in the wording of the Standard.

The Reimbursement or Update Fund is a special reserve regulated in some autonomous cooperative laws that is constituted to allow the updating of the contributions to the social capital to be restored to the partners and (a) to be used for the purposes of the application of Article 1 (1) (a) of Regulation (EU) No 62014; This Fund is nourished by the surplus of the cooperative by decision of the General Assembly (reimbursement fund) and, where appropriate, of the revaluation reserves as a result of an update of balance sheets (update fund).

In a similar way to the Compulsory Reserve Fund, the accounting of the Repayment Or Update Fund, as equity or as a financial liability, will depend on whether or not it is payable. As far as its allocation is concerned, the part of the Fund which is increased from the reserve reserve and the part of the fund to be applied as a result, of the assumption that the fund is required and the compulsory allocation, must also be differentiated. which case shall be accounted for by a financial expense.

Finally, for both funds, the subsequent valuation of the party that has been classified as financial liabilities, to the extent that its endowment is made on the basis of the measures provided for in the law, shall be made by its value of reimbursement or nominal, that is, the amount that the cooperative is obliged to disburse.

14. The Fifth Standard is intended to regulate the accounting aspects of subordinated funds with maturity in the settlement of the cooperative. These funds are another source of financing for this type of company following the issuance of special shares in favour of partners or third parties. These shares, in accordance with the provisions of the cooperative legislation, are subordinated and shall be considered as social capital when their maturity does not take place until the cooperative is wound up.

The accounting of these funds, as their own funds or as a financial liability, was widely discussed within the working group. The majority view was that they should be considered as own funds, provided that they did not incorporate an obligation, direct or indirect, to deliver cash or other financial assets. To this end, in line with the criterion set out in IAS 32, the group concluded that the contingent settlement clause which would only apply in the event of the liquidation of the cooperative should not be considered for the purpose of performing such a rating, because otherwise the solution would not be consistent with the operating company principle.

Additionally, these subordinated funds with maturity in the liquidation have two characteristics that approach them from an economic point of view to the registered capital as equity: the financing function permanent (unenforceable) and the subordinate place they occupy in the collection prelation.

15. For its part, the Fund for Education, Training and Promotion, specific to cooperative societies, is regulated in Standard Sixth.

As a general rule, the allocation to the Education, Training and Promotion Fund is carried out on the basis of the positive result of the cooperative in the financial year, as well as grants, grants and grants to the cooperative, and the sanctions imposed on the partners which, in accordance with the regulations on cooperatives, are linked to the said Fund.

Following the entry into force of the General Accounting Plan, this Fund is qualified as a liability, and was thus collected in Consultation No. 3 published in the "Bulletin of the Accounting and Audit Institute" number 76.

In relation to the Education, Training and Promotion Fund, certain issues have been raised. First, considering that its endowment (amount) is imposed by the corresponding substantive law, the indeterminacy associated with this liability is given by the uncertainty over the cancellation period. For this reason, in principle, their accounting treatment should be assimilated to that provided for in the Standard of Registration and Valuation (NRV) 15. "Provisions and contingencies" of the General Accounting Plan and, consequently, recognised by the present value of the best possible estimate to cancel the obligation.

However, considering that the substantive law also requires this Fund to materialize in assets affected by the fulfilment of the purposes that justify its endowment, without the temporal factor of money appearing to be present in This regulation seems to be appropriate for the allocation to the Fund to be carried out in nominal terms according to the amount determined at legal level.

Secondly, in line with the provision rating, it seems reasonable that the Fund's allocation should be included in a specific item within the margin of the holding, rather than in a pool immediately thereafter. the result of the exercise, as foreseen by the Accounting Standards of the cooperative societies that are now being repealed. In addition, and in order to facilitate the information required in memory, it is necessary that, when the implementation of the Fund is carried out using the internal structure of the cooperative, the costs incurred by the cooperative in carrying out the activities they shall be recorded and included in the profit and loss account in accordance with their nature and, at the same time, the representative account of the Fund shall be discharged upon receipt of a profit and loss account; This income was entered in the item "Work carried out by the cooperative with the internal structure", without the extent to which the nature of the income is differentiated at the level of the account.

16. The Seventh Standard provides that, for the purposes of determining the result of the exercise and the drawing up of the profit and loss account of cooperative societies, the mandatory principles and rules contained in the General Plan of Accounting or the General Accounting Plan of SMEs, without prejudice to the specific rules set out in these Rules.

The 8th to 10th rules collect specific rules for the registration of certain income and expenses of cooperative societies.

As has already been pointed out, the cooperative is the union of natural or legal persons whose object is to carry out activities of common interest among all the partners, being themselves part of the economic process, which will involve the partner can be considered as a supplier of goods or services or as a customer, thus intervening decisively in the configuration of the entity's surplus.

The Eighth Rules, on Procurement of Goods to Partners, and Ninth, on Procurement of Work Services to Partners and Workers, provide for specific accounting treatment for the assumptions in which the partner intervenes. as a supplier of goods, as is the case for agricultural cooperatives and other cooperatives, which act in the field of marketing of the products of the partners or of the supply, or as a service provider, as is the case of the associated worker cooperatives.

In the case of the acquisition of goods to the partners, the main objective of the partner is to give way to the goods that he himself will produce, obtaining differential advantages over other types of societies such as the concentration of the supply, the safety of giving output to its production, the lower costs of handling and processing or the homogeneity in production. Therefore, the fundamental objective of the cooperative is to offer the best service at the best price for the partners, transferring to the partner part of the economies obtained and discounting, of course, all the necessary costs for the marketing of the product to third parties.

In cases where the cooperative acquires assets from the partners, it does so as a result of the liquidation, that is, the sale price to third parties, after deduction of the expenses necessary to carry out the sale and, where appropriate, the necessary to transform the acquired assets (net realizable value).

This justifies the fact that the Eighth Standard includes special treatment in the valuation of purchases of goods from the partners for cooperative management, especially in cases where the purchase price is fixed at (a) in the case of a person who is a member of the State of the European Union, who is a member of the European Union, or who is a member of the European Union, or who is a member of the European Union; other value.

For the accounting record of these goods or services is part of an estimated acquisition price that, to the extent that it exceeds the price paid or committed to pay in firm, will have as a counterpart an accretive account with Pending settlement partners, created for these purposes in subgroup 40. The purchase price shall be estimated again at the end of each of the financial years between the acquisition and settlement dates, as well as when the interim financial statements are drawn up, taking into account the best estimate. possible at every moment. Finally, when the transaction is liquorated, the excess or defects of the estimated acquisition price will be adjusted on the limits imposed, where appropriate, by the law or by agreements between the parties.

For the purposes of the previous registration, these Rules have created specific accounts in Groups 3, 4 and 6 of the General Accounting Plan. The addition to the profit and loss account of group 6 accounts is made under the heading "Procurement to the partners".

17. Similarly, for when the partner intervenes as a client of the cooperative, the 10th Standard contemplates the accounting treatment of the income resulting from the delivery of goods or the provision of cooperative services, which are understood performed in terms of cost compensation. Revenue is recorded in the account opened for the purpose in Group 7 included in the fourth and fifth part of the Plan.

The addition to the profit and loss account of Group 7 accounts is made by a breakdown under the name "Income from partner transactions", which is part of the item of "Other income of the group". exploitation ", except in cases where the activity with the partners is carried out in the context of the ordinary activity of the cooperative, in which case they form part of the turnover.

18. For its part, the 11th Standard, dedicated to the distribution of results, has two sections to reflect the impact on the annual accounts of the application of profits and losses of cooperative societies.

The result of the exercise in a cooperative society is obtained by the algebraic sum of the cooperative result and the extracooperative. For these purposes, the rules on cooperatives define as extra-operating results, basically, those from operations of the cooperative activity when it is carried out with non-partners, the derivatives of economic activities or sources other than the specific purposes of the cooperative and those obtained from investments and financial holdings in other companies which do not constitute preparatory, complementary or subordinate activities to the cooperative itself, as well as certain results derived from capital gains obtained in the disposal of certain assets of the fixed assets.

19. Where the result of the exercise is positive, taking into account the different laws of cooperatives, the corresponding deductions should be made in such concepts as the negative results of previous years and the corporate tax expense, as well as to provide the Mandatory Reserve Fund in accordance with legal percentages and bases of calculation.

Once the above deductions have been made the positive result available is distributed according to the provisions of the statutes or the agreements of the General Assembly, in the form of cooperative return to the partners, funds voluntary reserve, higher than the statutory reserve fund of the Obligatory Reserve Fund and contributions from the partners to the social capital and other items of own funds regulated in the autonomous laws of cooperatives.

However, it should be specified that in line with the accounting treatment described for the remuneration to the share capital, in those cases where the return is predetermined by the statutes and, consequently, is not optional, the cooperative shall recognise a liability for the closure of the financial year and the corresponding financial expenditure.

For the purposes of the accounting record of debts with partners from the cooperative return, the discretionary remuneration and, where applicable, the interest accrued on such returns, as determined by certain legislation, accounts have been set up in sub-groups 52 'Short-term debt for loans received and other concepts' and 17 'Long term debt for loans received and other concepts'. Where the payment of the cooperative return is long-term and accrues interest on deferment, the liability shall be assessed for its amortised cost.

In this area, it should be noted that, in the event that the funds and specific reserves of the cooperative other than those estimated in the annual accounts are approved in the Assembly, action must be taken in accordance with the provided for in the registration and valuation standard 22. for the correction of errors, so that the final allocations shall be applied retroactively, not affecting the profit and loss account of the financial year following that of the accounts formulated.

20. Where the result of the financial year is negative, the following financial year shall be transferred to the item of negative results of previous financial years and shall be compensated, in accordance with the provisions of the cooperative laws, from reserves voluntary or the compulsory reserve fund-which may even become negative in cases where the rules of the autonomous community allow it-or the partners will be charged. In particular, negative results from previous financial years shall be charged where the cooperative's statutes so provide, without in such cases the recognition of a credit for cooperative returns to be compensated.

The amount of negative results attributed to the partners or classes of partners, in general, can be met by means of direct contributions, liability compensations, capital reductions and, where appropriate, the amount of the to future cooperative returns.

The accounting record of future cooperative returns is made in open accounts in subgroups 25 or 54 of the General Accounting Plan, depending on their maturity, which are loaded with credit to account 118. 'Partner or owner's contributions' and which are reflected in the balance sheet asset under the item 'Credit for cooperative returns to be offset'.

21. Finally, the 13th Standard details the additional information that cooperatives must incorporate into the normal and abbreviated models of the annual accounts memory. The objective of the memory is to complete, expand and comment on the information contained in the balance sheet and in the profit and loss account, so that it has been chosen to add to the information requested in the memory models set out in the Plan General Accounting and in the model of the General Plan of Accounting of SMEs other information that has been considered necessary for the understanding of the annual accounts presented by the cooperative societies, in order for those to reflect the faithful image of the heritage, the financial situation and the results of the cooperative society.

For this purpose, the number of sections of the normal and abbreviated memory models has been extended to include information about the separation of the loss and profit account items for the determination of the different results and on the separation by sections, as well as to inform the Fund of Education, Training and Promotion and on the operations with partners. In addition, new wording has been given to the application of the results, which has been renamed the capital interest and the distribution of results, and to the own funds, including the latter as a new paragraph in the abbreviated model. to replace the paragraph on social capital.

By this Standard dedicated to providing specific information on cooperatives in memory models have been tried to address the requirements of the State Law and all the autonomous laws of cooperatives, so that depending on the geographical area in which each cooperative mainly develops its cooperative activity, cases may arise in which the information requested in general is not significant and therefore it is not necessary to complete the corresponding points.

As Annexes I and II to these Rules on accounting aspects of cooperative societies are presented, respectively in their normal and abbreviated models, the balance sheet, profit and loss account and the status of changes in the net worth, as well as, in Annex I, within the normal annual accounts, the statement of cash flows. These states, together with the memory, make up the annual accounts of cooperative societies.

NORMAS

First. Net worth.

1. Concept. The net worth of a cooperative company constitutes the residual part of the assets, after deduction of all liabilities. It includes the contributions made by its partners or members that do not have the consideration of liabilities, as well as the accumulated results or other variations that affect it.

2. Items that make up own funds.

Within your own funds you can distinguish:

1. The social capital, in the terms provided for in the Second Standard.

2. Reserves accruing from profits generated in previous years or contributed by the partners themselves; among others, voluntary reserves, the non-reintegrable Mandatory Reserve Fund or the special reserves such as the Reserve derived from legal revaluations of the asset.

3. Other items, such as:

a) With positive sign: The positive result of the cooperative, the contributions of partners for loss compensation, the remainder, other equity instruments issued by the cooperative society and the funds subordinate to which the Fifth Standard refers.

b) With negative sign: The negative result of the cooperative, the "discretionary return on account", the discretionary remuneration on account, the negative results of previous years and, where appropriate, the equity interests acquired.

Second. Social capital.

1.1 Concept, qualification and valuation of cooperative social capital.

1.1.1 Concept. The social capital of a cooperative society, as defined in the law, is constituted by the contributions, obligatory and voluntary, carried out for that purpose, both in cash and non-cash, either at the time of its (a) either by incorporation of new partners or as a result of subsequent capital increase agreements or voluntary contributions, and corresponds to the subscribed capital in accordance with the law.

1.1.2 Rating. The social capital of cooperatives shall be classified as equity, in particular as equity, as a compound financial instrument, or as a liability, on the basis of the characteristics of the contributions of the partners or members.

1.1.2.1 Own funds. Consideration of own funds shall be given to the contributions to the social capital, the reimbursement of which may be refused unconditionally by the Governing Council or the General Assembly, in accordance with the applicable law and the social statutes of the General Assembly. the cooperative, provided that they do not oblige the cooperative society to pay a compulsory remuneration to the partner or participate and the return is discretionary.

In particular, the above contributions are classified as own funds despite the fact that the social statutes provide:

(a) That the initial compulsory contributions of the new partner must be made by the acquisition of the contributions whose reimbursement has been refused by the cooperative.

b) Limitations on the distribution of the result as soon as there are contributions whose reimbursement has been refused.

(c) When in an exercise the amount of the return of the contributions exceeds a certain percentage of the share capital, the new reimbursements shall be conditional on the favourable agreement of the Governing Council or the Assembly. General. In such cases, the amount of the share capital exceeding that percentage shall be classified as own funds.

It will also have the qualification of own funds (net worth), the right of the partner to the cooperative return based on the cooperative activity and the right to the remuneration to the social capital, provided they have discretionary nature.

1.1.2.2 Composite Financial Instruments. Contributions to the share capital shall be considered as compound financial instruments, in so far as they include at least one net worth component and a financial liability component, in accordance with the provisions of this Regulation. Standard, in the Standard of Registration and Valuation 9. Financial Instruments of the General Accounting Plan and in the Standard of Registration and Valuation 9. Financial liabilities of the PGC-SMBs.

In particular, the contributions of the partners with the right to reimbursement in the case of a discharge and those associated with a compulsory return or return shall be considered to include a financial liability component.

1.1.2.3 Financial liabilities. In the cases not provided for in the preceding paragraphs, contributions to the share capital shall be classified as financial liabilities.

1.1.3 Valuation.

1.1.3.1 Own funds. The share capital of the own funds shall be valued for the amount of the contributions subscribed, which is mined in the non-required share of capital.

Emission expenses that are directly attributable to you will be recognized by minoring society's reserves.

1.1.3.2 Composite Financial Instruments. Where the cooperative society issues composite financial instruments it shall recognise, value and present the instrument as a whole as a financial liability in accordance with the following paragraph, without prejudice to the treatment the accounting officer to grant, where appropriate, the remuneration or discretionary return.

1.1.3.3 Financial liabilities. The share capital to be accounted for as a financial liability shall be included in the category of 'Debits and items to be paid', in accordance with the terms set out in the Standard of Registration and Valuation 9. Financial Instruments of the General Accounting Plan, or in the category 'Financial liabilities at amortised cost' regulated by the registration and valuation standard 9. Financial liabilities of the PGC-SMBs.

The initial valuation of the liability shall be the amount of the contributions subscribed, minorated in the non-required share of the capital. The costs of issuance directly attributable to it shall be recognised in the profit and loss account when they are incurred, unless a reliable claim can be made in accordance with a financial criterion, in which case it shall be this criterion.

Your subsequent valuation will be at the increased cost in the interest that you will become.

1.1.4 Annual accounts. The share capital of the own funds shall be covered under the heading 'Capital' of the 'own funds' sub-pool of the net worth of the balance sheet, in the 'subscribed cooperative capital' and 'uncalled cooperative capital' items, The latter is a negative sign and reflects the non-required disbursements to the partners. Where the contributor does not have the status as a partner, the contribution made shall be recorded in accordance with its nature.

The contributions of the partners entitled to reimbursement in the event of a low, return or compulsory remuneration shall be presented under a non-current or current balance sheet item, depending on their maturity, denominated 'Debts with special long-term characteristics' and 'Debts with special short-term characteristics', in a heading created for the purpose of the name 'Refundable capital required'. The characteristics of these emissions will be detailed in the memory.

1.1.5 Accounts to use. For the purposes of the accounting record of contributions to the share capital held by own funds, the 100 "Social Capital" account included in the fourth and fifth part of the General Accounting Plan and the PGC-SME shall present the next development:

1000. "Cooperative social capital: compulsory contributions".

1001. "Cooperative social capital: voluntary contributions".

1002. "Cooperative social capital: partner and partner partners or attached".

10020. "Partner partners".

10021. "Associates or attached".

The definitions and movements of these accounts will be as follows:

1000/1001/1002/10020/10021. "Cooperative social capital".

Capital subscribed in cooperative societies, except that, in view of the economic characteristics of the transaction, it must be accounted for as financial liabilities.

Your move is as follows:

(a) It shall be paid for the initial capital and subsequent extensions, including the compulsory capitalisation of certain amounts.

(b) It shall be charged for the reductions in the share capital and the extinction of the company after the settlement period has elapsed.

Accounts 103, 104 and 558 will be used to reflect the outstanding cash and non-cash capital disbursements.

For the purposes of the accounting record of contributions to the share capital that are accounted for as long-term financial liabilities, the following accounts may be used:

150. 'Long-term shares/units considered as financial liabilities' included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs may be used with the following development:

1500. "Long-term cooperative social capital considered financial liability: compulsory contributions".

1501. "Long-term cooperative social capital considered financial liability: voluntary contributions".

1502. "Long-term cooperative social capital considered financial liability: partner and associate partners or attached."

15020. "Partner partners".

15021. "Associates or attached".

1500/1502/15020/15021. "Cooperative social capital with long-term debt characteristics."

Cooperative social capital subscribed which, having regard either to the right of the cooperative to demand its repayment or to its remuneration, must be accounted for as a financial liability.

They will be in the non-current liability of the balance sheet.

Your move is as follows:

(a) It shall be paid for the initial capital and successive enlargements, usually from cash accounts, results or reserves including the compulsory capitalisation of certain amounts.

(b) It shall be charged for the cancellation or reduction of the same and the extinction of the company, after the settlement period has elapsed, and for its short-term transfer with credit to the account 5020.

The following breakdown of accounts 153 and 558 shall be used to reflect the outstanding disbursements of monetary capital:

1530. "Disbursements not required by cooperative social capital considered as financial liability".

Cooperative social capital considered as financial liability, underwritten.

The non-current liability of the negative-sign balance sheet shall be included, with a minority heading "Cooperative capital with debt characteristics".

The move is as follows:

(a) It shall be charged for the nominal value not disbursed, with credit, generally, to the accounts 195 or 197.

(b) It shall be paid for the required disbursements, with the account of the account 55850.

55850. "Required disbursements on cooperative social capital considered as financial liabilities".

Amount corresponding to Cooperative Social Capital accounted for as financial liability, pending disbursement, the amount of which has been required of the subscribers.

It will be further broken down with due development into six-figure accounts, outstanding disbursements in arrears.

The non-current liability of the balance sheet, with a negative sign, shall be included by minoring the item "Cooperative capital with debt characteristics".

Your move is as follows:

(a) You will be charged for the required disbursements, with credit to account 153.

(b) It shall be paid to the extent that such disbursements are carried out, from the accounts of subgroup 57.

For the purposes of the accounting record of the various contributions to the social capital accounted for as financial liabilities in the short term, within the subgroup 50. 'Borrowings, debts with special characteristics and other similar short-term issues', account 502. 'Short-term shares/units considered as financial liabilities' included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs shall be broken down by including the following account:

5020. "Cooperative social capital with short-term debt characteristics."

Cooperative social capital subscribed which, having regard either to the right of the cooperative to require reimbursement or remuneration, is to be accounted for as a financial liability.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) It shall be paid for the initial capital and subsequent extensions, including the compulsory capitalisation of certain amounts, usually charged to cash accounts, results or reserves.

(b) It shall be charged for the cancellation or reduction of the same and the extinction of the company after the period of liquidation has elapsed.

1.2 Remuneration for contributions to social capital.

1.2.1 Concept. The remuneration of contributions, compulsory and voluntary, to the social capital and, where appropriate, that of other items of own funds, is that laid down in the statutes of the cooperative society or in the admission agreement adopted by the body. competent, in accordance with the provisions of the law.

When the contributions have been qualified as own funds, the remuneration that can be agreed by the cooperative society will be considered a distribution of results and will therefore constitute a direct minoron of the net worth.

When contributions are accounted for as a financial liability, the remuneration shall be recognised by applying the following criteria:

(a) If the remuneration is mandatory, it shall motivate the recording of an expense in the profit and loss account in accordance with paragraph 1.1.3.3.

(b) If the remuneration is discretionary, it shall be counted as a distribution of results on the date the General Assembly adopts the distribution agreement to the extent that it repays a net worth component.

1.2.2 Annual accounts. The following rules will be observed:

(a) Profit and loss account: The remuneration of the contributions to the share capital and other equity instruments to be shown in the profit and loss account shall be shown in item 14. Financial expenses, under the following name: "Interest and mandatory return on contributions to social capital and other funds".

(b) Balance sheet: The remuneration of the equity contributions as equity and the discretionary remuneration to the capital with debt characteristics shall be accounted for as an application of the surplus or a distribution of reserves, registering the drop of these headings for the agreed amount.

1.2.3 Accounts to be used. In the account 664 "Dividend expenses of shares or units considered as financial liabilities" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the account is created:

6647. "Interest and mandatory return on contributions to cooperative capital and other qualifying funds with debt characteristics".

Amount of interest and non-discretionary return accrued during the year.

It will be charged for the amount of interest or return accrued with credit, generally, to account 507.

In the account 507 "Dividend of shares or units considered as financial liabilities" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the corresponding breakdown will be opened for accounting for interest and non-discretionary return to be paid.

1.3 Social capital reductions.

1.3.1 Concept. The reduction of cooperative social capital corresponds to the decrease of this concept as a result of the reimbursement of the contributions of the partners that cause low, the reimbursement of contributions to partners or participants by agreement of the General Assembly, the imputation of losses and other causes, in accordance with the provisions of the law.

1.3.2 Low partner capital reduction. The reductions in cooperative social capital that have the consideration of own funds motivated by the reimbursement of contributions to the partner that it causes will produce, from the moment when the agreement of the cooperative becomes firm for the the repayment is formalised, the change in the nature of the item, in such a way as to qualify as debt for the amount of the credited value of the contributions to the share capital on the date on which it occurs.

If, as a result of the capital reduction, any other amount corresponding to other items of own funds is repaid, it shall be qualified on the same terms as the above.

This transaction requires that the amount to be repaid from the contributions to the low-end partner is recorded in the item "Debt to Partners", created for the purpose, under the heading "Debt to Group, Partner and Partner Companies", the non-current or balance sheet current, depending on the maturity; in any case, account shall be taken of the financial impact of the transaction.

If the share capital has been accounted for as a financial liability, the reductions are considered to be refunds of the amount agreed by the cooperative collected on the liabilities side of the balance sheet, such as a refund or repayment, interest accrued up to that time. The amount shall be accounted for, once effective, by minorating the item reflecting the financial liability.

1.3.3 Deductions to be made on the amounts to be reimbursed to the partner. Where deductions are made on the credited value of contributions resulting from the existence of imputed and imputable losses and unjustified losses resulting from a result for the cooperative society, the latter shall be recognised in the items of reserves that correspond in accordance with the provisions of the law, provided that the contributions are qualified as own funds.

If the contributions are accounted for as a financial liability, the deductions that result from imputed and imputable losses will also be accounted for in the reserves, but those that come from non-justified casualties register as a financial income in the profit and loss account of the cooperative, without prejudice to its subsequent allocation to the Mandatory Reserve Fund, where the law so provides.

To the above mentioned effects, losses not specifically determined in accounting at the time the low occurs, but which will be taken into account in the closing balance sheet that will serve as the basis for the calculation of the amount Definitive to reimburse the partner in accordance with the law, will be considered as imputable losses.

1.3.4 Accounts to use. For the purposes of the accounting record of the capital reduction transactions, the capital accounts referred to in paragraph 1.1.5 above may be used with credit to an account that is in line with the operation carried out, i.e. reserves or debts. In particular, where the partners are to be reimbursed for the contributions made, as well as the interest which may be payable, it may be used within the sub-groups 17 ' Long-term debt for loans received, borrowings and other concepts "and 52" Short-term loans for loans received and other concepts "included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the accounts created for the purpose with the following denomination 1710" (a) the time limit for repayment of contributions to the partners "and 5210" Short-term debts for repayment of contributions to partners "; the definition and movement of which are:

1710. "Long-term debts for reimbursement of contributions to the partners".

Debts incurred by the cooperative society as a result of the reimbursement of contributions to the partners that cause low in the terms provided for in the law.

Your move is as follows:

a) It will be paid:

to₁) For the amount of long-term repayment of the contributions to the low-lying partners, as well as any interest that may be required at the time the agreement is reached cooperative by which the partner's low is formalized.

to₂) For the accrued financial expense until you reach the debt repayment value, generally, to account 662.

b) Charged:

b₁) For short-term handover with credit to account 5210.

b₂) For full or partial early repayment, with credit to sub-group 57 accounts.

5210. "Short-term debts for reimbursement of contributions to the partners".

Short-term debts incurred by the cooperative society as a result of the reimbursement of contributions to the partners that cause a reduction in the terms provided for in the law.

Your move is as follows:

a) It will be paid:

to₁) For the amount of short-term repayment of the contributions to the partners that cause the discharge, as well as any interest that may be required at the time the agreement of the cooperative by which the partner's low is formalized.

to₂) For the accrued financial expense until you reach the debt repayment value, generally, to account 662.

b) It will be charged when payment is made with credit, generally, to the accounts of subgroup 57.

Third. Other contributions from non-reintegrable partners.

1. Non-reintegrable contributions or quotas. The amount required by the cooperative company to its members in respect of contributions or non-reintegrable shares, whether in cash or not, shall be qualified as own funds where it does not constitute the consideration or remuneration of the the goods or services provided by the cooperative to its partners that are regulated in the Decima Standard, distinguishing:

a) "income quotas" of new partners, in the legally established terms.

(b) Contributions or quotas that are required for the purpose of fully or partially compensating for the loss of the cooperative society.

c) Contributions or contributions directly aimed at increasing the cooperative's reserve funds.

When the amounts required of the partners constitute the consideration made by the partners in exchange for the delivery of goods or the provision of cooperative services, they shall be qualified as revenue when they become established, compensating for the cost of those in accordance with the provisions of the Tenth Standard.

2. Annual accounts. The contributions referred to shall be collected in the annual accounts in the sub-pool "Own funds" of the net worth of the balance sheet in accordance with the following:

(a) The "income shares" of new partners referred to in point (a) of paragraph 1 above shall be included as part of the item "Mandatory Reserve Fund" contained in the heading "Reserves" of the net worth of the the balance sheet as set out in the Fourth Standard, unless the Fund has a reintegrable rating, in which case it shall be counted as a liability.

(b) The contributions or contributions referred to in point (b) of paragraph 1 above shall be under the heading "Other contributions from partners".

(c) The contributions or contributions referred to in point (c) of paragraph 1 above shall be collected under the heading "Reserves" under the heading "Reserves", in accordance with what has been agreed upon by the cooperative society.

3. Accounts to be employed. The accounting record of the operations with the "Mandatory Reserve Fund" may be made using the account 112 "Mandatory Reserve Fund" contained in the Fourth Standard. Moreover, the account 118 "Contributions of partners or owners" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs can be broken down into a four-digit account with the name " 1181. Contributions from partners in cooperatives " for the purpose of recording the operations referred to in point (b) of paragraph 2 above, the definition and breakdown of which is as follows:

1181. "Partner contributions in cooperatives".

Property assets delivered by the company's partners or owners when they act as such, that is, provided they do not constitute consideration for the delivery of goods or the provision of services made by the company. company, or have the nature of liability. In particular, it includes the quantities delivered by the partners or owners for loss compensation.

Your move is as follows:

(a) It shall generally be credited to the accounts of sub-group 57 or to the representative accounts of the non-cash assets contributed.

b) Charged:

b₁) Generally, with credit to account 121.

b₂) By the provision that the contribution can be made.

Fourth. Reserve funds specific to cooperative societies.

1.1 Mandatory Reserve Fund.

1.1.1 Concept. The "Compulsory Reserve Fund" is a fund that is intended for the consolidation, development and guarantee of the cooperative society, so it is identified with a set of own funds, qualifying as a legal reserve.

If the "Mandatory Reserve Fund" is partially deliverable and meets the definition of financial liability, it shall have such a rating on the relevant part.

1.1.2 Dotting. It shall be provided by the application of the result of the cooperative when the Fund is not due or where its allocation is not compulsory, and shall be provided as an expense in the profit and loss account when the Fund is payable and, in addition, the envelope is mandatory, with the limits laid down in the law. If the law so provides, it shall also be subject to the amount corresponding to the revaluation of the balance sheets, observing the fulfilment of the obligations arising from the relevant updating law.

When society shows a negative result and the cooperative law forces the Fund to provide, for example, with the existence of positive and cooperative negative results, the endowment will be carried out by the extra-operating result.

Without prejudice to the above, the amounts of deductions that may be established on the compulsory contributions to the share capital arising from the reduction of partners and the amounts of the funds are considered to be allocated to this reserve. Membership fees in accordance with the provisions of the Second and Third Rules.

Likewise, the part of the cooperative outcome corresponding to inter-cooperative agreements should be allocated to the "Mandatory Reserve Fund" if the law is established, according to the following:

If positive, you will increase that reservation to the limit of the benefit available; if this is not enough and the law will force your endowment, voluntary reserves will be applied.

If this is negative, the "Mandatory Reserve Fund" will be reduced by this amount, affecting, in the event that there is not enough of this fund, the voluntary reserves.

After the initial allocation, the "Mandatory Reserve Fund" to be qualified as a financial liability shall be measured by its redemption value.

1.1.3 Annual accounts. The "Mandatory Reserve Fund" shall generally be included in the net worth, in the sub-grouping "Own funds", under the heading "Reserves" under the heading "Mandatory Reserve Fund".

If the "Compulsory Reserve Fund" is qualified as a financial liability, it shall be shown on the non-current or current balance sheet, on the basis of its maturity, under the heading "Debt with special long-term characteristics". 'and' Debt with special short-term characteristics ', under the heading' Special funds qualified as liabilities '.

1.1.4 Accounts to be used. Account 112 shall be used for the purposes of the accounting record of the 'Mandatory Reserve Fund' as own funds. "Mandatory Reserve Fund", created for the purpose in subgroup 11. "Reserves" contained in the fourth and fifth parts of the General Accounting Plan and the PGC-SMBs. Their definition and movement are as follows:

112. "Mandatory Reserve Fund".

This account will register the "Required Reserve Fund" as a legal reserve.

Your move is as follows:

a) It will be paid:

to₁) By applying the result of the cooperative society to the criteria set out in the law, with account of the account 129.

to₂) For the amount of deductions on compulsory contributions to social capital arising from the unjustifiable absence of partners from the accounts in which such contributions are included.

to₃) For the amount of the matching partner income quotas.

(b) We will be charged for the provision made of this reservation, in the terms provided for in the law.

For the "Compulsory Reserve Fund" which is classified as a financial liability, for the purposes of its accounting record, it may be used, within sub-groups 17 " Long term debt for loans received, borrowings and Other concepts "and 52" Short term loans for loans received and other concepts "contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, respectively, the accounts 1711" Creditors for the Obligatory Reserve Fund in the long term "and 5211" creditors for short-term compulsory reserve fund ", with the next move and definition:

1711. "Creditors by long-term Mandatory Reserve Fund".

Amount of the deliverable Mandatory Reserve Fund that has the financial liability rating.

Your move is as follows:

a) It will be paid:

to₁) By applying the result of the cooperative partnership with the criteria set out in the law, with account of account 129, or account 6647, in case the endowment is not discretionary.

to₂) For the amount of the matching partner income quotas.

(b) It shall be charged for the provision made of the fund, in the terms provided for in the law, and for its short-term transfer with credit to account 5211.

5211. "Creditors by Short-Term Mandatory Reserve Fund".

Amount of the deliverable Mandatory Reserve Fund that has the financial liability rating.

Your move is as follows:

(a) It shall be paid for the application of the result of the cooperative partnership with the criteria laid down in the law, with regard to account 129, or account 6647, in case the envelope is not discretionary.

(b) It shall be charged for the disposition to be made of the fund, as provided for in the law.

1.2 Refund or Update Fund.

1.2.1 Concept. The "Refund or Update Fund" constitutes a departure generated by the cooperative society aimed at increasing the value of the contributions that are restored in the future, in the terms provided for by law.

The "Refund or Update Fund" shall be considered to be the own funds of the cooperative society as long as it is not enforceable; otherwise it shall be a financial liability.

1.2.2 Dotting. The "Refund or Update Fund" will have the following accounting treatment:

a) If the endowment is discretionary or the fund is not enforceable, it will be recognized by the application of the result of the cooperative, charged to account 129, in accordance with the provisions of the law.

b) If the endowment is mandatory and the fund is payable, it will be recorded as an expense in the profit and loss account on account 6647.

If, in accordance with the Trade Code, a law allowing the revaluation of assets was enacted, a revaluation reserve would be generated, if applicable, when the part of the asset was made available to this fund. which corresponds or, if applicable, what the law will point out.

After the initial allocation, the "Refund or Update Fund" to be qualified as a financial liability shall be measured by its redemption value.

1.2.3 Annual accounts. If the 'Refund or Update Fund' is included in the net worth of the balance sheet, it shall be shown in the sub-pool 'Own funds' under the heading 'Reserves' under the heading 'Refund or Upgrade

'.

If the "Refund or Update Fund" is qualified as a financial liability, it shall be included in the non-current or current balance sheet, depending on its maturity, under the heading " Long-term debt with group companies, associates and partners "and" Short-term debt with group, associate and partner companies ", under the heading" Special funds qualified as liabilities ".

1.2.4 Accounts to be used. For the purposes of the accounting record, the following accounts may be used:

When the fund is classified as equity, the Account 1145 "Refund or Update Fund", created in the subgroup 11 "Reserves" contained in the fourth and fifth parts of the General Accounting and Accounting Plan, may be used. PGC-SMBs. Their definition and movement are as follows:

1145. "Reimbursement or Upgrade Fund".

11450. "Fund for incorporation of benefits".

11451. "Asset revaluation fund".

Reserves constituted by cooperative societies in order to permit the revaluation or updating of contributions that are restored in the terms provided for by law.

Your move is as follows:

(a) Account 129 shall be paid for the application of the result of the cooperative, provided that there is a benefit available, or from account 111, in the case of revaluation or updating of balance sheets, when the reservation originated in such operations would be available in accordance with the law.

(b) The provision of this reservation in the terms provided for in the law shall, in general, be charged.

When the fund is classified as a financial liability, within subgroups 17 "Long-term debt loans received, borrowings and other items" and 52 "Short term debt for loans received and other items" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the accounts 1712 "Creditors for Repayment Fund or Long-term Update" and 5212 "Creditors for Reimbursement Fund" may be used respectively. Short term update ", with the following move and definition:

1712. "Creditors by Repayment Fund or Long-term Update".

Liabilities constituted by cooperative societies in order to permit the revaluation or updating of contributions that are restored in the terms provided for by law.

Your move is as follows:

a) It will be paid:

to₁) Charge to account 129 for the application of the result of the cooperative, provided that the endowment is discretionary, or with account 111, in the case of revaluation or updating of balance sheets, when the reservation originated in such operations would be available, in accordance with the provisions of the law.

to₂) From account 6647, provided that the envelope is mandatory.

b) Charged:

b₁) With a general character, by the provision that is made of this reservation in the terms provided for in the law.

b₂) For short-term handover with credit to account 5212.

5212. "Creditors by Repayment Fund or Short-Term Update".

Liabilities constituted by cooperative societies in order to permit the revaluation or updating of contributions that are restored in the terms provided for by law.

a) It will be paid:

to₁) Charge to account 129 for the application of the result of the cooperative, provided that the endowment is discretionary, or with account 111, in the case of revaluation or updating of balance sheets, when the reservation originated in such operations would be available in accordance with the law.

to₂) From account 6647, provided that the envelope is mandatory.

(b) It shall be charged, in general, for the provision made of this reservation, in the terms provided for in the law.

1.3 "Volunteer Reserve Fund".

1.3.1 Concept. The "Voluntary Reserve Fund" constitutes a fund that is intended for the consolidation, development and guarantee of the cooperative society, so it is identified with a departure from the own funds, qualifying as a voluntary reserve.

If the "Voluntary Reserve Fund" is partially deliverable and meets the definition of financial liability, it will have such a rating on the relevant part.

1.3.2 Dotting. It shall be provided by applying the result of the cooperative provided that the envelope is voluntary and charged to an expense recognised in the profit and loss account by the part of the Fund that is payable, where the allocation is compulsory.

After the initial allocation, the "Voluntary Reserve Fund" to be qualified as a financial liability shall be measured by its redemption value.

1.3.3 Annual accounts. The 'Voluntary Reserve Fund' shall generally be included in the net worth, in the sub-grouping 'Own funds', under the heading 'Reserves' under the heading ' Voluntary Reserve Fund

.

If the "Voluntary Reserve Fund" is partially qualified as a financial liability, it shall be shown in the non-current or current liability portion of the balance sheet, on the basis of its maturity, under the heading " Debt to long-term special characteristics "and" Deures with special short-term characteristics ", under the heading" Special funds qualified as liabilities ".

1.3.4 Accounts to use. For the purposes of the accounting register of the voluntary reserve fund qualified as own funds, account 113 "Voluntary Reserve Fund", created for the purpose in the subgroup 11 "Reserves" contained in the fourth and fifth part of the Plan, may be used. General Accounting and PGC-PYMES; its definition and movement are as follows:

113. "Voluntary Reserve Fund".

This account will register the "Volunteer Reserve Fund" as a voluntary reserve.

With a general character, your move is as follows:

(a) It shall be paid for the application of the result of the cooperative society with the criteria laid down in the law, with regard to account 129.

(b) We will be charged for the provision made of this reservation, in the terms provided for in the law.

For the part of the "Voluntary Reserve Fund" qualifying as a financial liability, for the purposes of its accounting record, may be used, within subgroups 17 " Long term debt for loans received, borrowings and other concepts "and 52" Short-term loans for loans received and other concepts "contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, respectively, the accounts 1713" Creditors for the Voluntary Reserve Fund long term "and 5213" creditors for short-term voluntary reserve fund ", with the following movement and definition:

1713. "Creditors by long-term Voluntary Reserve Fund."

Amount of the deliverable Voluntary Reserve Fund that has financial liability consideration.

Your move is as follows:

(a) It shall be paid for the application of the result of the cooperative partnership with the criteria laid down in the law, with regard to account 129 or account 6647 if the endowment is compulsory.

(b) It shall be charged for the provision made of the fund, in the terms provided for in the law and for its short-term transfer with credit to account 5213.

5213. "Creditors for Short-Term Voluntary Reserve Fund."

Amount of the deliverable Voluntary Reserve Fund that has financial liability consideration.

Your move is as follows:

(a) It shall be paid for the application of the result of the cooperative partnership with the criteria laid down in the law, with regard to account 129 or account 6647 if the endowment is compulsory.

(b) It shall be charged for the disposition to be made of the fund, as provided for in the law.

Fifth. Subordinated funds with maturity in the settlement of the cooperative.

1.1 Equity Fund.

1.1.1 Concept. They are units issued by the cooperatives subscribed by third parties or members, intended for their financing, the maturity of which will not take place until the approval of the liquidation of the cooperative, which may be discretionally reimbursed by the cooperatives, and which, for the purposes of credit ranking, will be placed behind all the common creditors.

These units shall be considered as own funds of the cooperative provided that they meet the following characteristics:

1. That there is only reimbursement obligation in the event of the cooperative's liquidation.

2. Do not bear the payment of a compulsory remuneration by the cooperative.

When the units do not meet the conditions described above, they shall be classified as financial liabilities.

1.1.2 Remuneration. The accounting treatment of the remuneration of these units shall be the one set out in the Second Standard, depending on its discretionary or mandatory nature.

1.1.3 Annual accounts. The shares referred to in the preceding numbers shall be entered in a heading created for that purpose within the sub-pool 'Own funds' of the net worth of the balance sheet, under the name 'Capitalised funds'.

If these funds are qualified as financial liabilities, the shares shall be included in the items created for this purpose, under the heading 'Debt with special long-term characteristics' and 'Debt with special characteristics' in the short term ', as appropriate, the non-current and current liabilities of the balance sheet, with the name' Creditors for long-term capitalised funds 'and' Creditors for short-term capitalised funds ', respectively.

1.1.4 Accounts to be used. For the purposes of the accounting record, within the sub-group 10 "Capital and capitalised funds" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 107 " Equity and other funds may be used subordinated with maturity in settlement ', with the following movement and definition:

107. 'Equity and other subordinated funds with maturity in settlement'.

1070. "Equity fund with maturity in settlement".

1071. 'Other subordinated funds with maturity in settlement'.

Shares issued or funds obtained by cooperatives for financing, subscribed by third parties or partners, the maturity of which does not take place until the approval of the cooperative's liquidation and which is agreed As provided for in this Standard, they have the consideration of own funds.

Your move is as follows:

(a) It shall be paid for the amount of the shares subscribed to by sub-group 57 accounts.

(b) It shall be charged, in general, at the time of the liquidation of the cooperative or at the time the cooperative agrees discretionally with its reimbursement.

When the fund is classified as a financial liability, within subgroups 17 "Long-term debt loans received, borrowings and other items" and 52 "Short term debt for loans received and other items" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the accounts 1714 'Creditors for long-term capitalised funds' and 5214 'Creditors for short-term capitalised funds' may be used respectively, with the following move and definition:

1714. "Creditors for long-term capitalized funds."

Shares issued or funds obtained by cooperatives for financing, subscribed by third parties or partners, the maturity of which does not take place until the approval of the cooperative's liquidation and which is agreed As provided for in this Standard, they are accounted for as financial liabilities.

Your move is as follows:

(a) The amount of the shares subscribed by the accounts of subgroup 57 shall be paid on a general basis.

(b) It will be charged, in general, at the time of the liquidation of the cooperative and for the transfer to the account of the account 5214 in the short term.

5214. "Creditors for short-term capitalised funds".

Shares issued or funds obtained by cooperatives for financing, subscribed by third parties or partners, the maturity of which does not take place until the approval of the cooperative's liquidation and which is agreed As provided for in this Standard, they are accounted for as financial liabilities.

a) It will be paid for the short-term transfer.

(b) It shall be charged, in general, at the time of settlement of the cooperative.

1.2 Other subordinate funds.

Concept. Financing funds obtained by cooperatives whose maturity will not take place until the approval of the settlement of the cooperative and which, for the purposes of credit ranking, will be placed behind all the common creditors.

The accounting treatment of the remuneration of these funds, their incorporation into the annual accounts and the accounts to be used for their accounting records, shall be carried out in accordance with the provisions of paragraph 1.1 of this Standard.

Sixth. Fund for Education, Training and Promotion and other similar compulsory contributions.

1. Concept. The "Fund for Education, Training and Promotion" is identified with the amounts that must be set up in the cooperatives in order to apply to certain activities which benefit the partners, workers and, in their case, to the community in general, so its endowment is an expense for the cooperative. The accounting record of that fund corresponds to a specific item on the liabilities side of the balance sheet created for these companies with the following name: "Education, Training and Promotion Fund".

2. Endowment. In accordance with the above, the endowment corresponding to the fund will affect the result as an expense, reflecting duly in the profit and loss account, without prejudice to its quantification being carried out on the basis of the result itself of the exercise, in the terms outlined in the law. The discretionary envelope will follow the same criteria.

In cases where the cooperative receives grants, donations or other aid, or funds arising from the imposition of sanctions, which are linked to the fund in accordance with the law, such items shall be recorded as an income of the cooperative. cooperative in the profit and loss account, motivating the correlative endowment to the "Education, Training and Promotion Fund".

3. Application. The application of this fund to its purpose will produce its decline, registering with credit, generally, to a treasury account.

However, where the application of the fund materializes through activities carried out by the companies through its internal structure or by other entities, the necessary accounts shall be used to reflect the information requested in the memory of the annual accounts, so that the applications of the fund made can be detailed.

In particular, where the fund materializes in the acquisition of an asset, from a strictly accounting perspective the application of the Fund shall occur as it becomes amortized, impaired or enajene the asset.

4. Annual accounts. The endowment and application of the fund will be shown in the annual accounts following the following criteria:

The "Education, Training and Promotion Fund" shall be included in the current or non-current liabilities of the balance sheet, depending on its maturity, in a item created for the purpose under the name "Education, Training and Promotion Fund". in the long term "or" Short-term Education, Training and Promotion Fund ".

The profit and loss account shall be opened with the name "Education, Training and Promotion Fund" which shall be included in the operating income. This item will be displayed in a disaggregated form:

(a) The allocation of the financial year to the Education, Training and Promotion Fund.

(b) Grants, donations or other aid to be obtained and the penalties imposed on the partners to be charged to the Education, Training and Promotion Fund. Such an allocation shall result in the simultaneous allocation of the Education, Training and Promotion Fund, in accordance with the above.

The application of the fund through activities carried out by the cooperative through its internal structure will be shown in item 3 "Jobs made by the cooperative with its internal structure" of the profit and loss account earnings.

5. Accounts to be employed. For the purposes of the accounting records of previous transactions, the following accounts may be used:

Within the sub-groups 14 "Provisions" and 52 "Short term debt for loans received and other concepts" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the accounts 148 " Fund Education, Training and Promotion in the long term "and 5298" Short-term Education, Training and Promotion Fund ", respectively, with the following content:

148. "Long-term Education, Training and Promotion Fund".

Funds intended to comply with the obligations laid down in the law, the purpose of which is to carry out education and promotion activities. This account will include the amount you plan to cancel or apply in the long term.

Your move is as follows:

(a) It shall be paid for the amount of the allocations made from account 657.

b) Charged:

b₁) For short-term handover, with credit to account 5298.

b₂) At the time of the anticipated application of the provision with credit, in general, to the accounts of subgroup 57 or account 737.

5298. "Short-term Education, Training and Promotion Fund".

Funds intended to comply with the obligations laid down in the law, the purpose of which is to carry out education and promotion activities. This account will include the amount you plan to cancel or apply in the short term.

Your move is as follows:

(a) It shall be paid for the amount of the allocations made from account 657.

(b) It shall be charged at the time of application of the provision with credit, in general, to the accounts of subgroup 57 or account 737.

Within subgroup 65 "Other management and specific expenses of cooperatives" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 657 " Endowment to the Education Fund, Training and Promotion ", the content of which is:

657. "Endowment to the Education, Training and Promotion Fund".

Endowment to be made to the Education, Training and Promotion Fund.

It will be charged for the amount of the endowment with credit to account 148 or 5298, as applicable.

Within the sub-group 73 "Jobs for the cooperative" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the account 737 " Jobs made for the Education Fund, Training and Promotion ", the content of which is:

737. "Work carried out for the Education, Training and Promotion Fund".

Disbursements in which the cooperative incurs when the application of the fund materializes through activities carried out by the company through its internal structure.

Is paid for the amount of expenses incurred by account 148 or 5298, as applicable.

Within subgroup 75 "Other management and specific revenue of the cooperatives" included in the second and third part of the General Accounting Plan and the PGC-SMBs, account 757 " Revenue attributable to the Fund Education, Training and Promotion ", with the following content:

757. "Income attributable to the Education, Training and Promotion Fund".

7570. "Sanctions imposed on partners attributable to the Education, Training and Promotion Fund".

7571. "Grants attributable to the Education, Training and Promotion Fund".

7572. "Donations attributable to the Education, Training and Promotion Fund".

7573. "Other income attributable to the Education, Training and Promotion Fund".

Revenue corresponding to sanctions imposed on cooperative society partners, grants, donations and any type of aid received for the fulfilment of the fund's own purposes, which, in accordance with the the "Education, Training and Promotion Fund" should be charged to the "Fund for Education, Training and Promotion".

It will be paid for the amount of sanctions imposed on the partners, grants, donations, and other charges, usually to the accounts of subgroup 57.

6. Other contributions. Where contributions are provided which are compulsory to be used for the purposes of public interest, requiring the establishment of an irreparable, unavailable and non-rechargeable fund, they shall be taken into account in accordance with the provisions of paragraphs 1 and 2. Previous to the Fund for Education, Training and Cooperative Promotion.

Seventh. Result.

1. Concept. The result of the economic performance of the cooperative societies shall be determined in accordance with the principles and valuation rules contained in the General Accounting Plan or in the PGC-SMBs, as appropriate, and the special criteria contained in the in these Rules.

2. Profit and loss account. The profit and loss account of cooperative societies shall be formulated in accordance with the rules for the elaboration and structure of the General Accounting Plan or the PGC-SMBs, as appropriate, without prejudice to the specific rules laid down in this Regulation. These Rules.

Eighth. Acquisitions of goods to the partners.

1. Valuation. The valuation of the acquisitions of assets to the cooperative management partners shall be made, at the time the transaction is carried out, for the purchase price, that is, for the amount paid or pending payment for the transaction. transaction carried out, without prejudice to the above.

If such price is set on the basis of future circumstances, including the net realisable value or any other parameter, an initial estimate shall be made for the purpose of determining the purchase price.

The part of the estimated acquisition price that exceeds the amount paid or committed to pay in firm shall, for the purposes of its accounting record, be included in a liability item on the liability side of the balance sheet. If an exercise closure from the acquisition to the final settlement is completed, those circumstances shall again be estimated at that closing date according to the information available; this new estimate shall also be made in the case of elaboration of intermediate financial statements.

However, in the event that the law imposes, or when it has been agreed that the purchase price cannot exceed the net realizable value or other value, and ultimately any of the latter is less than the price of initially estimated, the difference between the two will be the value of the goods, so that if it had been paid or committed to pay a higher amount to which it was finally settled, a credit would be made available of the cooperative against the partner, or a lower amount of the debt initially recorded.

On the contrary, if the estimated acquisition price is initially lower than the definitive price to pay to the finally determined partner, the difference between the two will increase the value of the purchased goods, and, as a credit item with the partner on the liability side of the balance sheet shall be recorded.

2. Annual accounts. A specific letter shall be incorporated in the heading of the profit and loss account operating result of the profit and loss account to reflect the acquisitions of the assets to the partners, with the name of ' partners ".

3. Accounts to be employed. To record the above, you can create:

Within subgroup 40 "Providers", in the account 400 "Providers" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the account 4007 "Cooperative partner suppliers". Their definition and movement are as follows:

4007. "Cooperative partner providers".

Estimated or corresponding amount to be paid for the assets acquired from the partners when that price is fixed based on future circumstances.

Your move is as follows:

(a) It shall be paid for the amount of the estimate made pending payment, generally to account 605.

(b) It shall be charged, as a general rule, at the time of settlement of the transaction with credit to the accounts of subgroup 57 or, where applicable, account 605.

Within subgroup 44 "Debtors several" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 447 "Debtors: credit for transactions made with partners" may be used, with the next content:

447. 'debtors' means credit for transactions carried out with partners '.

Amount to return by the partners as a result of initially having perceived a higher than expected amount.

Your move is as follows:

(a) The amount of the disbursement made by the purchase that exceeds the final price with credit, generally, to account 605, will be charged.

(b) It shall be paid, in general, at the time of receipt of the refund, from the accounts of subgroup 57.

Within the 60 "Purchasing" sub-group contained in the fourth and fifth parts of the General Accounting Plan and the PGC-SMBs, account 605 "Purchasing to the Partners", whose movement and definition are the ones, can be used. following:

605. "Purchases made to the partners".

Sourcing the cooperative society of goods included in subgroups 30 and 31 acquired from cooperative partners.

This account will be charged for the amount of purchases made to the partners in accordance with the provisions of this Standard, the receipt of the members ' remittances or their entry on the way if the goods and goods are transported on behalf of the cooperative, with credit to account 4007 or to sub-group 57 accounts.

In particular, the estimates of the circumstances in which the purchase price is supported will, where appropriate, produce the charge or credit of this account, with credit or charge, respectively, to account 4007, in general.

Within subgroup 61 "Stock change" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 617 "Variation of acquired stock to partners" may be used:

617. "Variation of acquired stock to partners".

The amount of the initial stock acquired from partners shall be charged and shall be paid for the final stock, with credit and charge, respectively, to the accounts 307 and 317. The balance resulting in this account will be charged or paid, as the case may be, to account 129.

Within the sub-group 30 "Commercial" contained in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the account 307 "Mercaderies acquired from partners" may be used.

Similarly, within subgroup 31 "Raw materials" contained in the fourth and fifth parts of the General Accounting Plan and the PGC-SMBs, the account 317 "Raw materials acquired from partners" may be used.

In accounts 606, 608, 609 included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, four-digit accounts will be created for the operations performed with partners as regards discounts on acquisitions.

4. Transactions carried out on behalf of the partners. Notwithstanding all the above, if the cooperative performs the operations indicated on behalf of the partner, in such a way that no acquisitions or sales of the goods are made, the corresponding financial movements shall be recorded and, where appropriate, the remuneration to be obtained by the mediation service provided as an income for the financial year, without prejudice to the provision of the corresponding provision for the responsibilities that may affect the cooperative through such a process.

5. Other acquisitions to the partners. Where services are acquired from the partners other than the work partners listed in the following Standard, the provisions of the preceding paragraphs of this Standard shall apply with the necessary adaptations.

Ninth. Acquisitions of work services to partners and workers.

1.1 Procurement of work services to partners.

1.1.1 Valuation. The assessment of the services provided by the working or working partners to the cooperative shall be carried out by the purchase price corresponding to the service provided, applying, where appropriate, the rules laid down in the previous Standard.

The recognition of staff expenditure shall address the actual current associated with those services irrespective of the financial current, so the advances referred to in the law, as they constitute the (a) the remuneration of a service attributable to an exercise shall be considered as expenditure for that financial year without prejudice to the fact that the final remuneration of the working or working partners could be quantified on the basis of the result of the financial year in accordance with the provisions of the social statutes or by agreement of the Assembly General.

1.1.2 Annual accounts. A specific letter shall be incorporated in the 'Staff expenditure' item of the profit and loss account operating result to reflect the remuneration for the services provided by the partners, with the name ' Services of partner work ".

1.1.3 Accounts to be used. In order to collect in accounts the remuneration for the services provided by the partners, it may be created in subgroup 64. "Staff costs" of the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 647. "Remuneration to workers ' partners" whose definition and movement are as follows:

647. "Remuneration to the working partners".

Fixed and eventual remuneration, for any concept, arising from the work carried out by the working or working partners of the cooperative society.

It will be charged, in general, for the full amount of remuneration earned on the following terms:

to₁) For effective payment, with credit to subgroup 57 accounts.

to₂) For accruals and unpaid, with credit to subgroup 46 accounts.

to₃) For the withholding of taxes and, where applicable, Social Security contributions from the worker, with credit to the accounts of subgroup 47.

to₄) For outstanding debt compensation, with credit to the group 2, 4, or 5 accounts that correspond.

1.2 Procurement of services to workers. The amount due for the remuneration of the employees of the cooperative shall be recorded in accordance with the provisions of the General Accounting Plan and the PGC-SMBs.

They shall be considered as expenditure for the financial year, without prejudice to the fact that the final remuneration of salaried workers could be quantified on the basis of the outcome of the financial year, in accordance with the provisions of the by statute or by agreement of the General Assembly.

10th. Revenue as a result of operations with partners.

1. Concept. Contributions constituting the consideration made by the partners in exchange for the delivery of goods or the provision of cooperative services, present or future, are understood in terms of cost compensation.

2. Annual accounts. The revenue from the operations carried out with the partners in relation to the normal or ordinary activity of the cooperative shall be part of the turnover.

When they do not have the character of ordinary activities, a breakdown in the profit and loss account with the following denomination shall be created for the record of the previous transactions: "Revenue from transactions with partners", which be part of heading 5 'Other operating income'.

3. Accounts to be employed. For the purposes of the accounting record of the provisions of this Standard, within subgroup 75 "Other management and specific revenue of the cooperatives" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, the 756 "Revenue from partner operations", with the following content:

756. "Revenue from operations with partners".

Amount of consideration, in terms of cost compensation, made by the partners in exchange for the delivery of goods or the provision of cooperative services.

It shall be paid for the amount of revenue constituting the consideration made by the partners in exchange for the delivery of goods or the provision of cooperative services, where they are not related to the activity normal or ordinary cooperative, with a charge to the accounts of subgroup 44 or 57.

11th. Distribution of results.

When the cooperative has legally established more than one activity section, the distribution of the result and the allocation of losses will be made separately for each of them whenever the law permits and the social statutes so require.

1. Application of the benefit. The distribution of the positive result of the cooperative society, that is, the profit or surplus obtained by the cooperative in the financial year resulting from the algebraic sum of the surplus or cooperative profits and profits Extra-operational and extraordinary, in the terms defined in the law, will be performed according to the following rules:

(a) The quantification of the possible allocation to the "Compulsory Reserve Fund" and the allocation to the "Education, Training and Promotion Fund" referred to in paragraph 2 of the previous Sixth Standard shall be carried out in accordance with the percentages and bases of calculation established in the law.

(b) The available benefit resulting from the application of the above, that is, after deduction of the amounts established in the law, shall be allocated, as laid down in the statutes or as agreed by the General Assembly, to:

b.1) Cooperative return and discretionary remuneration to the partners; it must be included, in the event that payment is agreed, in the current liabilities of the balance sheet under the heading " Short-term debt with group companies, associated and partners ", under the heading" Debts with partners ". For the purposes of accounting records, within subgroup 52. 'Short-term debts for loans received and other items' included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 526 may be used. "Cooperative return and discretionary remuneration to be paid in the short term", with the following definition and content:

526. "Cooperative return and discretionary remuneration to be paid in the short term."

Short-term debts with partners for cooperative returns and discretionary remuneration to share capital resulting from the distribution of the benefit available under the terms provided for by law.

Your move is as follows:

(a) The amount of the cooperative return or discretionary remuneration shall, as a general rule, be paid upon approval of the application of the surplus, taking account of the account 129.

b) Charged:

b₁) By withholding tax, with credit to account 475.

b₂) To payment, with credit to subgroup 57 accounts.

When the payment of the cooperative return or discretionary remuneration to the partners is long-term and accrues interest for the deferral, the amount of this debt shall be included in the non-current liability of the balance sheet for its cost amortized, under the heading "Long-term debt with group, associate and partner companies". For the purposes of the accounting record, under the 17 "Long-term debt for loans received, borrowings and other concepts" sub-group 17 included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, account 1715 may be used "Cooperative return and discretionary remuneration to be paid in the long term", with the following definition and content:

1715. "Cooperative return and discretionary remuneration to pay over the long term."

Long-term debts with partners for cooperative returns and discretionary remuneration to share capital resulting from the distribution of the available benefit, as provided for in law.

Your move is as follows:

a) It will be paid:

to₁) By the amount of the cooperative return or long-term discretionary remuneration, when the application of the surpluses is approved, with account of the account 129.

to₂) For the accrued financial expense until you reach the chargeback value, generally, to account 662.

b) Charged:

b₁) By withholding tax account with credit to account 475.

b₂) Early payment with credit to subgroup 57 accounts.

b₃) For short-term handover, with credit to account 526.

However, when the return or discretionary remuneration is payable at the end of the financial year and is therefore to be identified as a liability component the payment of which cannot be avoided, it shall be recognised in accordance with the set out in Standard Second, paragraph 1.2.

b.2) Voluntary reserve funds, in accordance with the provisions of the Fourth Standard, paragraph 1.3.

b.3) Required Reserve Fund, higher than mandatory.

b.4) Social capital, increasing the contributions of the partners in terms established by law.

b.5) Other items, in accordance with the characteristics of the law. Where the law provides that the amount of these items serves as the basis for the recognition of 'interest' to the partners, that remuneration shall be recorded in accordance with the provisions of paragraph 1.2 of the Second Standard.

2. Fund for the conversion of results. Those cooperatives of a cooperative group which have, in their social statutes, the obligation to provide regular resources to a "Return of Results Fund", in the light of the evolution of their activity or their account results, apply the following criteria:

(a) If the economic fund of the operation is an acquisition or provision of services-as is the case, for example, when its purpose is to redistribute these resources in solidarity, as well as the promotion and development of new services cooperatives or new activities-is counted with the appropriate breakdown as an expense or income the net balance between what was contributed and received from the fund, under the heading "Other operating expenses" or "Other operating income", respectively, of the profit and loss account.

(b) If the economic fund is identified as a non-consideration input or distribution operation, it shall be accounted for as a credit or charge in own funds, as appropriate.

3. Implementation of the losses. Where the balance of the profit and loss account is a debtor, that is to say, that the cooperative generates losses during an exercise, that amount shall be applied in the following financial year by registering in the item ' Negative results of previous financial years "under the heading" Results of previous financial years "within the sub-grouping" own funds " of the net worth of the balance sheet, without prejudice to the rules contained in this Standard for the purposes of the allocation of losses registered in that consignment.

The amount of the item "Negative results from previous years" shall be offset:

a) From voluntary reservations, in accordance with the law.

(b) Under the "Compulsory Reserve Fund", in accordance with the law, in such a way that if the Fund is not sufficient to be included in a special item, the existing difference shall be shown in the "Mandatory Reserve Fund" item with a negative sign, incorporating specific information into the annual accounts ' memory.

(c) The remaining amount, if any, which shall be imputed to the various classes of cooperative members in accordance with the provisions of the law, shall be applied in any of the following forms, unless the statutes provide for a expresses its compensation for future positive results:

By way of direct payment; for these purposes, the contributions or contributions collected under the heading "Other contributions from partners" referred to in point (b) of paragraph 1 of the Third Standard may be applied.

By decreasing the social capital qualified as net or passive equity, reducing the amount of compulsory and voluntary contributions from the partners.

By deduction or compensation of any representative item of financial investments made by partners in the cooperative, whether it is own funds or foreign funds, as set out in the Standard Second.

From future "cooperative returns" on the terms set out in the law. For these purposes, the return shall be recorded at the nominal value of the assets in the balance sheet under the heading "Credits to partners", and in a heading which shall be included under the heading "Other contributions of members" of the sub-grouping " Funds ' equity capital of the balance sheet. For the accounting record, within subgroups 25 "Other long-term financial investments" and 54 "Other short-term financial investments" included in the fourth and fifth part of the General Accounting Plan and the PGC-SMBs, may The following content shall be used for the accounts 2527 "Credit with loss-making partners for long-term compensation" and 5427 "Credit with partners for losses to be offset in the short term":

2527. "Long-term credits with lost partners to compensate."

Long-term credits versus partners as a result of loss imputation through the minorage of future cooperative returns, in accordance with the provisions of the law.

Your move is as follows:

(a) The amount of long-term credit to partners shall be charged as a result of the allocation of losses with credit to account 1181.

(b) It shall be paid where the benefits available from account 129 or, where applicable, account 526 are applied in advance.

5427. "Short term credits for losses to compensate".

Short-term credits against partners as a result of loss imputation through the minorage of future cooperative returns, in accordance with the provisions of the law.

Your move is as follows:

(a) The amount of short-term credit to partners shall be charged as a result of the allocation of losses with credit to account 1181.

(b) It shall be paid when the available benefits from account 129 or, where applicable, account 526 are applied.

12th. Profit tax expense.

1. The income tax (income) of the financial year will include the share of the income tax (income) and the share of the tax (income) of the deferred tax.

2. The current tax expense (income), which is the amount resulting from tax liquidations of the tax or profit related to an exercise, will correspond to the cancellation of the withholding and payments on account, thus as with the recognition of current tax liabilities and assets.

3. The deferred tax expense (income) will generally be the same as the recognition and cancellation of deferred tax liabilities and assets, which will be valued according to the expected tax rates at the time of their reversal, according to the the rules that are in force or approved and pending publication on the date of the end of the financial year, and in accordance with the manner in which the asset or liability is reasonably expected to be recovered or paid.

The quantification of the respective deferred tax assets and liabilities shall be performed taking into account the type of tax, cooperative or extracooperative, corresponding to the nature of the results related to such claims and debits, as well as, where applicable, the protected or specially protected tax qualification of the cooperative.

13th. Annual accounts.

1.1 Cooperative societies shall draw up annual accounts in accordance with the models and standards set out in the General Accounting Plan or in the PGC-SMBs, as appropriate, with the specificities established in the Rules.

For this purpose, normal and short balance sheet models, profit and loss account, net worth of changes in equity and the normal model of adjusted cash flow status are incorporated as Annexes I and II.

1.2 Without prejudice to the above paragraph, the memory of the annual accounts shall contain the information required by the above rules and shall include, in particular, the following paragraphs:

A) "Separation of profit and loss account items" for the determination of the various results. -It shall be detailed, where the law so requires or, in any case, where necessary for obtaining the true image, the following:

(a) For cooperatives that formulate the normal model of memory, the amount of the different items belonging to the profit and loss account corresponding to:

Cooperative results: constituted by income and expenses arising from operations carried out in the cooperative activity with the partners.

Extracooperative results: made up of revenue and expenditure arising from operations carried out in the cooperative activity with non-partners.

Results of economic activities other than cooperativizada, including derivatives from foreign sources that finance them, without prejudice to the financial expenses corresponding to the cooperative results and extracooperatives that will be part of their respective results.

Additionally, you will report specifically on the amount of the items that are the result of:

Investments or financial holdings in companies.

Alienation of the immobilized with the exceptions set out in the law.

Intercooperative agreements.

(b) In the event that the cooperative is able to formulate the abbreviated model of memory or is eligible for the application of the PGC-SMBs, the different items belonging to the profit and loss account that affect the company may be grouped together. the different results mentioned above.

For the preparation of the above information, the following rules for drawing up the annual accounts must be applied:

The allocation of direct revenue and expenditure and the allocation of common revenue and expenditure shall be made taking into account the following criteria:

1. Each of the activities carried out by the cooperative shall be identified in accordance with the above.

2. Each activity shall be assigned the costs and revenues that correspond exclusively or directly to it and shall be charged with rational criteria that are common to two or more activities.

3. The allocation of the common expenditure and revenue shall be based on criteria or indicators as objective as possible and shall be in accordance with the most common practices in this respect in the sector, provided that the expenditure and revenue allocated to each activity are the most parallel to the cost or costs that have a more important functional relationship with the activities performed, in tune with the appropriate correlation of revenue and expenditure.

4. In accordance with the principle of uniformity, the criteria for allocation and allocation of expenditure and revenue should be established and applied systematically, in a uniform manner over time.

The allocation and imputation criteria used shall be detailed in the memory and, where for exceptional and justified reasons, the criteria are to be modified, it shall also be given in the memory of those criteria. reasons as well as the quantitative impact of those changes in the valuation, considering that the changes occur at the beginning of the financial year.

In integral cooperatives the above information will only refer to the cooperative activities according to which the result is distributed.

B) "Separate sections". -Where cooperative societies have different sections, they shall report separately on assets, liabilities, expenses and revenues for each of the sections of the company cooperative, taking into account the statutes and the following rules set out in the rules for drawing up annual accounts:

(a) Each of the sections set up by the cooperative society, defined in accordance with the specific rules, shall be identified, provided that they are significant.

Financial operations that are not specifically attributable to a section of those listed above will be charged to the "General Section of the Cooperative."

(b) Each section shall be assigned the assets, liabilities, expenses and income that correspond to it exclusively or directly and shall be charged with rational criteria, taking into account the following points of this Standard, common to two or more sections.

c) In cases where rational criteria cannot be attributed to one or more sections of assets, liabilities, income and expenses arising from:

Financial investments.

Treasury.

Debtors by traffic operations.

Net worth.

Provisions.

Creditors.

Education, Training and Promotion Fund.

Your assignment will be done to the "General Section of the Cooperative," explaining in the memory the circumstances that motivate this assignment.

(d) The allocation of common assets, liabilities, expenses and income shall be based on criteria or indicators as objective as possible and which are in accordance with the most common practices in this respect, provided that the expenditure and revenue attributed to each section are the most parallel to the cost or costs of a more important functional relationship with the activities carried out.

e) The criteria for allocation and imputation of assets, liabilities, expenses and income shall be systematically established and applied, maintained in a uniform manner over time.

f) The distribution of the result, whether positive or negative, will be performed or not in a differentiated manner in each of the sections, according to the criteria that the law and the cooperative social statutes establish in this respect.

The allocation and imputation criteria used shall be detailed in the memory and, where for exceptional and justified reasons, the criteria are to be modified, it shall also be given in the memory of those criteria. reasons as well as the quantitative impact of those changes in the valuation, considering that the changes occur at the beginning of the financial year.

The models that collect the information above are as follows:

Normal Model

Separating assets by sections *

Concepts

Exercise N								Exercise N-1
Section 1		Section m		General Section		Total		Section 1		Section m		General Section		Total
Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
-stream Asset
A) Quiesced
-Intangible fixed assets
-Immobilized material
-Real Estate Investments
B) Financial investments
Asset
) Non-current assets held for sale
	) Debtors
C) Treasury
D) Other non-stream asset
Total Active

Concepts

Passive

Exercise N								Exercise N-1
Section 1		Section m		General Section		Total		Section 1		Section m		General Section		Total
Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
Heritage
A) Own funds
B) Adjustments to value changes
C) Grants, donations, and legacies received
) Education, Training, and Promotion Fund
B) Debts with special features
	A) Non-stream assets held for sale
D) Long-term creditors
E) Short Creditors deadline
Total net and passive assets

* A column shall be opened for each section of the cooperative society in the terms set out in paragraph B) of the 13th Standard.

Short Model

Separation of assets, assets and liabilities by sections *

Concepts

Exercise N								Exercise N-1
Section 1		Section m		General Section		Total		Section 1		Section m		General Section		Total
Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
Assets
and Passive Heritage

* A column shall be opened for each section of the cooperative society in the terms set out in paragraph B) of the 13th Standard.

Normal Model

Profit and Loss Account by Sections (*) (**)

Concept	Exercise N-1
	Section 1		Section m		General Section		Total
		Amount	%	Amount	%	Amount	%	Amount	%
70 71, 73, 74, 75, (757), 795	Net Amount of Business Figure -Net Amount of the number of businesses imputed between sections + Other operating-related income -Other revenue between sections = Revenue of the section
60, 61 62, 631, 634, (636) (639), 651, 659 64 657 757	Consumes -Purchases imputed between sections = Value added -Other expenses -Staff expenses -Endowment to education, training and promotion fund + Revenue imputable to the education, training and promotion fund.
68 650, 693, (793), 694, (794), 695, (7954) 77 67 691, 692, 6960, 6961, (790), (791), (792), (7960), (7961)	-Dotations for immobilized redemptions -Insolvencies of credits and variation of impairment of the activity + Benefits from fixed assets and exceptional income -Losses from fixed assets and exceptional expenses -Impairment of intangible fixed assets, material and control portfolio = Net operating result
76 6647 66, (6647) 696, (6961), 697, 698, 699, /796), 7960, 7961, (797), (798), (799)	+ Financial income -Financial expenses for capital remuneration -Other financial expenses -Instruments for and impairment of instruments financial = Financial Result
	= Result Before Tax
630, 633, (638)	Corporate Tax = Result of exercise from continued activities
	Disinterrupted Operations = Result from operations net tax breaks
	exercise result

* Shall be opened for each section of the cooperative society in the terms set out in paragraph B) of the 13th Standard.

** A table will be made for the financial year to which the annual and other accounts for the previous year are concerned.

Short Model

Profit and Loss Account by Sections *

Concepts

Exercise N								Exercise N-1
Section 1		Section m		General Section		Total		Section 1		Section m		General Section		Total
Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%	Amount	%
Revenue
expenses
Result
Revenue
expenses
Result

* A column shall be opened for each section of the cooperative society in the terms set out in paragraph B) of the 13th Standard.

C) "Education, Training and Promotion Fund".

Reports on:

-Analysis of the movement of this balance sheet pool during exercise, indicating:

Initial balance.

Envelopes.

Applications.

Final Balance.

-Detail of the exercise envelopes, breaking down the different concepts that integrate them:

Total endowments

, Training, and Exercise Promotion: Concepts that integrate it	Amount
-Amount based on the benefits of cooperation according to the law
- Interest or income from the fund's financial investments
-Economic sanctions imposed on partners
-Grants, donations, and other aids
-Other concepts

-Detail of the applications of the exercise, breaking down the different concepts that integrate them:

Applications to the Education, Training, and Promotion of Exercise fund: concepts that are materialized

Total Applications of Exercise

Amount
various operations and amounts will be detailed according to the nature of the application

-Active assets for the purposes of this item, detailing the following:

• significant elements affect the fulfillment of the purposes of the fund,

• the write-downs of those items,

• and provisions and other value adjustments affecting them.

-When the law so requires, it must be informed of the settlement of the revenue and expenditure budget of the fund for the preceding financial year and of the investment and expenditure plan for the current financial year.

D) "Partner operations".

• In the normal memory model:

1. The policy pursued by the cooperative in respect of acquisitions in operations with the partners shall be reported, indicating in particular for each significant type of operation:

acquisition profit and loss account items	Acquisition amount
-...
-...
-...

In relation to the items in the profit and loss account relating to partner acquisitions, the necessary breakdown of each of them shall be made in accordance with their nature.

2. The policy pursued by the cooperative in respect of revenue from operations with the partners shall be reported, indicating in particular for each type of operation:

Revenue and Loss Account Items	Cost of Goods and Services delivered
-...
-...
	-...

In integral cooperatives the above information will only refer to the cooperative activities according to which the result is distributed.

• In the short memory model or in the memory model of the cooperatives that choose to apply the PGC-SMBs:

The policies pursued by the cooperative regarding cooperative, active and passive operations, conducted with the partners, will be reported.

For these purposes, integral cooperatives shall be understood as cooperative activity, or those according to which the result is distributed.

E) Paragraph 3. "Application of results" of the normal and abbreviated models of the memory of the annual accounts included in the third part of the General Accounting Plan and of the model of memory of the cooperatives that choose to apply the PGC-SMBs will remain redacted as follows:

3. "Interest in capital and distribution of results"

3.1 Information about:

-Characteristics and amount of the remuneration of contributions to social capital in accordance with the provisions of this Accounting Plan adapted to the specific conditions of cooperative societies.

-The amount of remuneration for compulsory and voluntary contributions to social capital, indicating the method of calculating such remuneration, indicating, in addition and in an express manner, that the established requirements are met by law and which, in no case, such remuneration exceeds the legally established limits.

-The amount of the remuneration of the subordinated funds of the cooperatives that has the consideration of own funds.

3.2 Information about the benefit distribution proposal according to the following scheme:

Share Base	Amount
and Profit (benefit available)
	Remover
Total
Total

Distribution or Application

Amount
A Backend required
A voluntary reserve fund
A Refund or Update Fund
	A cooperative return to pay
A compensation for loss from previous exercises
(cooperative returns to compensate)
	Total	-------

Specific information shall be provided for any compensation to be made, where appropriate, for the item "Negative results of previous financial years" under the "Mandatory Reserve Fund" in cases where the Fund is insufficient, including the difference in the item 'Mandatory Reserve Fund' with a negative sign, in accordance with paragraph 2.b) of the Eleventh Standard.

3.3 Limitations for the distribution of "cooperative returns".

G) The "Own funds" section of the annual accounts included in the third part of the General Accounting Plan shall be worded as follows:

• In the normal memory model: 9.4 Own funds:

a) Analysis of movement during the exercise of each balance sheet item included in this pool; indicating the origin of the increases and the causes of the decreases, as well as the initial and final balances.

b) Information about:

-The amount of the minimum social capital fixed in the statutes and the justification, if any, of their total disbursement since the cooperative's constitution. In the case of non-cash contributions to the share capital, it should be noted in the financial year that the valuation fixed by the Rector Board is incorporated. In addition, the amount of the contributions made by the collaborating partners shall not exceed the percentage fixed by the law. The amount of the share capital for associates or injured persons shall also be reported.

-Amount of the share capital that has been qualified in accordance with the provisions of these Rules as a financial liability or, where applicable, a compound financial instrument. Additionally, the characteristics of these emissions will be detailed.

-The amount of social capital that corresponds to the inactive, non-user or surplus partners, to the honorific partners, as well as the number of partners that are in each of these situations.

-The number of test partners and the proportion they represent in relation to the total of the cooperative partners.

-The amount of the minimum mandatory contribution to the social capital to be a partner, as well as, where appropriate, the amount of the new mandatory contributions agreed by the General Assembly and the justification for the disbursement made in accordance with the provisions of the law.

-The amount of voluntary contributions to the share capital, as well as the justification for the disbursement made at the time of the subscription and, where applicable, the date of enforceability and the amount of the outstanding disbursements.

-Social capital increase in progress, indicating the contributions to subscribe, their amount, the initial disbursement, the rights they will incorporate and the restrictions they will have, as well as the time allowed for the subscription.

-Ongoing social capital reductions, indicating their nature, amount, as well as any other circumstances that are significant.

-Specific circumstances that restrict the availability of reservations.

-The amount of the reimbursement resulting from the settlement of the contributions in accordance with the law, indicating the amount of the deductions practiced. The repayment period shall also be indicated and the amount of interest to be paid annually together with the amount to be reimbursed.

-The amount of subordinated financing with maturity in the settlement which, in accordance with the provisions of the Fifth Standard, has the nature of own funds. The amount and the characteristics of the remuneration of the subordinated debt with maturity in the settlement shall also be reported.

-When required by law, the amounts to be provided in the financial year to the "Mandatory Reserve Fund" shall be reported.

-Amount of voluntary reserves that have the consideration of deliverables and undeliverables according to the law.

-Information affecting the social capital of the cooperative society should be provided in the appropriate detail, differentiating the qualified capital as own funds and the qualified as a compound financial instrument.

• In the short memory model and in the one of the cooperatives that choose to apply the PGC-SMBs:

8. Own funds:

(a) Analysis of the movement during the exercise of each balance sheet item included in this pool; indicating the origins of the increases and the causes of the decreases, as well as the initial and final balances. In particular, the amount of the minimum social capital laid down in the statutes and the justification for their total disbursement from the cooperative's constitution shall be reported; in the case of contributions not to be paid to the share capital to indicate the assessment established by the Governing Board; the amount of contributions made by the collaborating partners; the amount of the share capital corresponding to the associates or injured; the amount of the share capital corresponding to the inactive partners, not users or surpluses, to the honorific partners, as well as the number of partners find in each of these situations and the number of the partners to be tested and the proportion they represent in relation to the total of the cooperative partners.

b) Information about:

-Amount of the share capital that has been qualified in accordance with the provisions of these rules as a financial liability or compound financial instrument. The characteristics of these emissions shall be detailed.

-When required by law, the amounts to be provided in the financial year to the "Mandatory Reserve Fund" shall be reported.

-Amount of voluntary reserves that are considered to be deliverable and not deliverable.

-Information affecting the social capital of the cooperative society should be provided in the appropriate detail, differentiating the qualified capital as own funds and the qualified as a compound financial instrument.

H) In normal memory, in paragraph 12. Tax situation and paragraph 9 of the abbreviated memory or cooperative societies that choose to apply the PGC-SMBs will include information on:

Negative integration fees pending tax compensation, indicating the time and conditions for making it. The current tax as well as the respective deferred tax assets and liabilities shall be identified separately, taking into account the type of tax, cooperative or extra cooperative, which corresponds to the nature of the results related.

ANNEX I

Normal annual account models

BALANCE SHEET AT YEAR

200X

ACCOUNTS

2424, (2954)

ACTIVE	Memory Notes	200X	200X-1
	A) ACTIVE NOT CURRENT
	I. Intangible fixed assets.
201, (2801), (2901)	1. Development.
202, (2802), (2902)	2. Concessions.
203, (2803), (2903)	3. Patents, licenses, trademarks, and the like.
204	4. Goodwill.
206, (2806), (2906)	5. Computer applications.
205, 209, (2805), (2905)	6. Other intangible fixed assets.
	II. Immobilized material.
210, 211, (2811), (2910), (2911)	1. Grounds and constructs.
212, 213, 214, 215, 216, 217, 218, 219, (2812), (2813),	2. Technical installations, and other material immobilized.
(2814), (2815), (2816), (2817), (2818), (2819), (2912), (2913),
(2914), (2915), (2916), (2917), (2918), (2919)
23	3. Immobilized in progress and advances.
	III. Real estate investments.
220, (2920)	1. Grounds.
221, (282), (2921)	2. Constructs.
	IV. Long-term investments in group, partner, and partner companies.
2403, 2404, (2493), (2494), (293)	1. Heritage instruments.
	2. Business credits.
2423, (2953)	a) Of the group.
b) Associated.
2413, 2414, (2943), (2944)	3. Debt representative values.
	4. Derivatives.
	5. Other financial assets.
2527	6. Credits to partners.
	V. Long-term financial investments.
2405, (2495), 250, (259)	1. Heritage instruments.
2425, 252, (2527), 253, 254, (2955), (298)	2. Credits to third parties.
2415, 251, (2945), (297)	3. Debt representative values.
255	4. Derivatives.
258, 26	5. Other financial assets.
474	VI. Deferred tax assets.
	B) CURRENT ACTIVE
	580, 581, 582, 583, 584, (599)	I . Non-current assets held for sale.
	II. Stocks.
	1. Commercials.
30, (390)	2. Raw materials and other supplies.
31, 32, (391), (392)	3. Products in progress.
33, 34, (393), (394)	4. Finished products.
35, (395) 36, (396)	5. Byproducts, waste and recovered materials.
	6. Advances to suppliers
	III. Commercial debtors and other accounts receivable.
	1. Customers for sales and service capabilities.
430, 431, 432, 435, 436, (437), (490), (4935)	2. Clients, group companies, partners, and debtor partners.
433, (4933)	a) Group companies.
434, (4934)
447	c) Debtors.
44, (447), 5531, 5533	3. Multiple debtors.
460, 544	4. Staff.
4709	5. Current tax assets.
4700, 4708, 471, 472	6. Other credits with Public Administrations.
5580	7. Required disbursements partners.
	IV. Short-term investments in group, partner, and partner companies.
5303, 5304, (5393), (5394), (593)	1. Heritage instruments.
	2. Business credits.
5323, 5343, (5953),	a) Group enterprises.
5324, 5344, (5954)
5313, 5314, 5333, 5334, (5943), (5944)	3. Debt representative values.
	4. Derivatives.
5353, 5354, 5523, 5524	5. Other financial assets.
5427	6. Credits to partners.
	V. Short-term financial investments.
5305, 540, (5395), (549)	1. Heritage instruments.
5325, 5345, 542, (5427), 543, 547, (5955), (598),	2. Business credits
5315, 5335, 541, 546, (5945), (597)	3. Debt representative values.
5590, 5593	4. Derivatives.
5355, 545, 548, 551, 5525, 565, 566	5. Other financial assets.
480,567	VI. Short term periods.
	VII. Cash and other equivalent liquid assets.
570, 571, 572, 573, 574, 575	1. Treasury.
576	2. Other equivalent liquid assets.
	TOTAL ACTIVE (A + B)

5298

ACCOUNTS	NET AND PASSIVE ASSETS	Memory Notes	200X	200X-1
	A) NET WORTH
	A-1) Own Funds.
	I. Capital.
100	1. Subscribed cooperative capital.
	2. (Unrequired cooperative capital).
	II. Reservations.
112	1. Required Reserve Fund.
11450, 11451	2. Reimbursement or Upgrade Fund.
113	3. Voluntary Reserve Fund.
1141	4. Statutory reservations.
1143, 115, 119	5. Other reservations.
	III. Previous exercise results.
120	1. Remnant.
(121)	2. (Negative results from previous exercises).
118	IV. Other partner contributions.
129	V. Cooperative result (positive or negative).
(557)	VI. (Cooperative return and discretionary remuneration to account delivered in the exercise).
	VII. Capitalized funds.
	VIII. Other net worth instruments.
		A-2) Adjustments by changes value.
	I. Financial assets available for sale.
	II. Coverage operations.
133	III. Others.
1340
137	A-3) Grants, donations, and legacies received.
, 131, 132
	B) NONSTREAM PASSIVE
148	I. Long-term Education, Training and Promotion Fund.
150, (1530), 1540, (55850)	II. Debts with special long-term features.
1711, 1712, 1713	1. " Refundable capital required.
1714	2. Special funds qualified as liabilities.
	3. Creditors for long-term capitalized funds.
	III. Long-term provisions.
140	1. Long-term performance obligations to staff.
145	2. Environmental performances.
146	3. Restructuring provisions.
141, 142, 143, 147	4. Other provisions.
	IV. Long-term debts.
177, 178, 179	1. Obligations and other negotiable values.
1605, 170	2. Debt to credit institutions.
1625, 174	3. Financial lease creditors.
176	4. Derivatives.
1615, 1635, 171, (1710), (1711), (1712), (1713), (1714),	5. Other financial liabilities.
	V. Long-term debts to group, partner, and partner companies.
1603, 1613, 1623, 1633	1. Debts to group companies.
1604, 1614, 1624, 1634	2. Debts to associated companies.
1710, 1715	3. Partner debts.
479	VI. Deferred tax liabilities.
181	VII. Long-term periods.
	C) PASSIVE STREAM
I. Short-term Education, Training and Promotion Fund.
	II. Debts with special short-term features.
	1. " Refundable capital required.
5020	2. Special funds qualified as liabilities.
5211, 5212, 5213	3. Creditors for short-term capitalized funds.
5214 585, 586, 587, 588, 589	III. Liabilities linked to non-current assets held for sale.
	IV. Short-term provisions.
499, 529, (5298)	V. Short term debts.
	1. Obligations and other negotiable values.
500, 501, 505, 506	2. Debt to credit institutions.
5105, 520, 527	3. Financial lease creditors.
5125, 524	4. Derivatives.
5595, 5598	5. Other financial liabilities.
(190), (192), 194, 509, 5115, 5135, 5145, 521, (5210), (5211), (5212), (5213), (5214), 522, 523, 525, 528, 551, 5525, 5530, 5532, 555, 5565, 5566, 560, 561, 569
	VI. Short term debts to group, partner, and partner companies.
5103, 5113, 5123, 5133, 5143, 5523, 5563	1. Debts to group companies.
5104, 5114, 5124, 5134, 5144, 5524, 5564	2. Debts to associated companies.
507, 5210, 526	3. Partner debts.
	VII. Commercial creditors and other accounts payable.
400, (4007), 401, 405, (406)	1. Providers
	2. Suppliers, group companies, partners, and partners.
4007	a) Vendor partners.
	403, 404	b) Providers, group companies, and associates.
41	3. Multiple creditors.
465, 466	4. Staff (pay-to-be paid).
4752	5. Current tax liabilities.
4750, 4751, 4758, 476,477	6. Other debts to Public Administrations.
438	7. Client advances.
485, 568	VIII. Short term periods.
	TOTAL NET AND PASSIVE EQUITY (A + B + C)

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED .... OF 200X

ACCOUNTS

(631), (634), 636, 639

(670), (671), (672), 770, 771, 772

	Note	(Must) Haber
		200X	200X-1
	A) CONTINUED OPERATIONS
	1. Net amount of business figure.
700, 701, 702, 703, 704, (706), (708), (709)	a) Sales.
705
(6930), 71 *, 7930	2. Stock variation of finished and in-flight products.*
	73	3. Work done by the cooperative with its internal structure.
	4. Provisioning.
	a) Goods consumption.
(601), (602), 6061, 6062, 6081, 6082, 6091, 6092, 611 *, 612 *	b. Consumption of raw materials and other consumables.
(605), 6063, 6083, 6093, 617 *	c) Partner stock consumption
) Jobs made by other companies
(6931), (6932), (6933), 7931, 7932, 7933	e) Impairment of merchandise, raw materials, and other supplies.
	5. Other operating income.
75, (756), (7570), (7571), (7572), (7573)	a) Accessories and other current management revenue.
740, 747	b) Operating grants built into the exercise result.
	756	c) Revenue from operations with partners.
	6. Staff expenditures.
	a) Wages, salaries, and assimilated.
(647)
(642), (643), (649)	b) Social loads.
(644), (6457), 7950, 7957	c) Provisions.
	7. Other operating expenses.
) External Services
	c) Losses, deterioration, and variation of provisions by business operations.
	d) Other current management expenses
(68)	8. Amortization of the quiesced.
746	9. Imputation of non-financial and other immobilized grants.
7951, 7952, 7955, 7956	10. Excess provisions.
	11. Deterioration and result by inmobility.*
(690), (691), (692), 790, 791, 792	a) Deteriures and losses.
b) Results by enajenations and others.
	12. Education, Training and Promotion Fund.
) Dotation.
	7570, 7571, 7572, 7573	b) Grants, donations, and aids and penalties.
	A. 1) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)
	13. Financial income.
	a) Of shareholdings in heritage instruments.
7600, 7601	1) In group and associated enterprises.
	a2) In third parties.
	7602, 7603	b) Negotiable values and other financial instruments.
7610, 7611, 76200, 76201, 76210, 76211	b1) Group companies and associates.
7612, 7613, 76202, 76203, 76212, 76213, 767, 769	b2) Third parties.
	b3) Partners.
	14. Financial expenses.
	a) For debts to group companies and associates.
6612), (6613), (6617), (6618), (6622), (6623), (6624),	b) For third-party debts.
	(6642), (6643), (6652), (6653), (6656), (6657), (669)
	(660)	c) For update of provisions.
	(6647)	d) Interest and mandatory return of the contributions to social capital and other qualifying funds with debt characteristics.
	15. Fair value variation in financial instruments. *
(6630), (6631), (6633), 7630, 7631, 7633	a) Trading Portfolio and others.
	b) Imputation to exercise result by financial assets available for sale.
(668), 768	16. Change.*
	17. Deterioration and result by financial instrument enajenations. *
(696), (697), (698), (699), 796, 797, 798, 799	a) Deteriores and losses.
	b) Results by enajenations and others.
	A. 2) FINANCIAL RESULT (13 + 14 + 15 + 16 + 17)
	A. 3) RESULT BEFORE TAXES (A. 1 + A. 2)
6300) *, 6301 *, (633), 638	18. Benefit Taxes. *
	A. 4) RESULT OF EXERCISE FROM CONTINUED OPERATIONS (A. 3 + 18)
	19. Result of exercise from net interrupted operations. *
	A. 5) EXERCISE RESULT (A. 4 + 20)

* Your sign can be positive or negative.

STATUS OF CHANGES IN NET WORTH FOR THE YEAR ENDED ... OF 200X

A) STATE OF REVENUE AND RECOGNISED EXPENDITURE FOR THE YEAR ENDED ... OF 200X

(810), 910

(833),

(812), 912

(837)

accounts		Notes in memory	200X	200X-1
	A) Profit and Loss Account Result
	Revenue and expenses directly imputed to net worth
	I. By valuing financial instruments.
	Available financial assets
991, 992
	Other Revenue/Expenses.
II. For cash flow hedges.
	III. Grants, donations and legacies
94	received.
	IV. For actuarial gains and losses
	and other settings.
	V. Tax effect.
	834, 835, 838
	B) Total revenue and expenses directly attributed to net worth
		Transfers to the profit and loss account
	VI. By valuing financial instruments.
	Available financial assets
994
	Other Revenue/Expenses.
VII . For cash flow hedges.
	VIII. Grants, donations, and
		IX. Tax effect.
8301 *, (836),
	837)
	C) Total transfers to profit and loss account (VI + VII + VIII + IX)
	TOTAL REVENUE AND RECOGNIZED EXPENSES (A + B + C)

* Your sign may be positive or negative

B) TOTAL STATE OF CHANGES IN NET WORTH FOR THE YEAR ENDED ... FROM 200x

account

A. BALANCE, END OF YEAR 200X-2

	Cooperative Capital		Reser- vas	Results of previous exercises	Other contributed- nes of partners	Exercise Results	(Retornos and remunerate- account)	account)	Funds	Other Instrumen- cough of net net	Adjustments per changes value	Subbeat- nes donations and legacies received	TOTAL
	No
	Adjustments for 200X-2 and earlier criteria changes.
. Adjustments for 200X-2 and earlier errors.
B. ADJUSTED BALANCE, START OF YEAR 200X-1
I. Total recognized revenue and expenses.
II. Operations with partners and partners.
1. Capital increases. 2. (-) Capital reductions. 3. Conversion of financial liabilities into equity (conversion obligations, debt waivers). 4. (-) Distribution of returns and discretionary remuneration. 5. Increase (reduction) of net worth resulting from a business combination. 6. Other operations with partners and partners.
III. Other net worth variations.
C. BALANCE, END OF YEAR 200X-1
	Adjustments for 200X-1 criteria changes.
II. 200X-1 error adjustments.
	ADJUSTED BALANCE, YEAR 200X START
I. Total recognized revenue and expenses.
II. Operations with partners and partners.
1. Capital increases. 2. (-) Capital reductions. 3. Conversion of financial liabilities into equity (conversion obligations, debt waivers). 4. (-) Distribution of returns and discretionary remuneration. 5. Increase (reduction) of net worth resulting from a business combination. 6. Other operations with partners and partners.
III. Other net worth variations.
E. BALANCE, END OF YEAR 200X

CASH FLOWS STATUS FOR THE YEAR ENDED ... OF 200X

	NOTES	200X	200X-1
A) CASH FLOWS FROM OPERATING ACTIVITIES
	. Pre-tax exercise result.
2. Result adjustments. a) Depreciation of the fixed assets (+). b) Impairment Valuation (+ /-). c) Provisions change (+ /-). d) Subsidy of grants (-) e) Results from casualties and enajenations of the fixed assets (+ /-). f) Results for losses and instruments financial (+ /-). g) Revenue financial (-). h) Financial expenses (+). i Change Differences (+ /-). j) Fair value change in financial instruments (+ /-). k) Endowment to Education, Training, and Promotion (+) fund. l) Other income and expense (-/+).
3. Changes in current capital. a) Stocks (+ /-). b) Debtors and other accounts receivable (+ /-). c) Other current assets (+ /-). d) Creditors and other accounts payable (+ /-). e) Other current liabilities (+ /-). f) Other non-current assets and liabilities (+ /-).
	. Other cash flows from operating activities. a) Interest and remuneration payments to capital (-). b) Dividend and return (+) items. d) Benefits tax (+ /-). e) Other payments (charges) (-/+)
	. Cash flows from operating activities (+ /-1 + /-2 + /-3 + /-4)
B) CASH FLOWS FROM INVESTMENT ACTIVITIES
	. Payments for investments (-). a) Group companies, associates and partners. b) Intangible fixed assets. c) Fixed assets. e) Other financial assets. f) Non-current assets held for sale. g) Other assets.
. Charges for divestitures (+). a) Group companies, associates and partners. b) Intangible fixed assets. c) Fixed assets. e) Other financial assets. f) Non-current assets held for sale. g) Other assets.
. Cash flows from investment activities (7-6)
C) CASH FLOWS FROM FINANCING ACTIVITIES 9. Collections and payments for equity instruments. a) Issue of equity instruments (+). b) Amortisation of equity instruments (-). c) Grants, donations and legacies received (+). 10. Payments and payments for financial liabilities instruments. a) Issue. 1. Obligations and other marketable securities (+). 2. Debt to credit institutions (+). 3. Debts to group companies, associates and partners (+). 4. Other debts (+). b) Return and amortization of 1. Obligations and other negotiable securities (-). 2. Debt to credit institutions (-). 3. Debts to group companies, associates and partners (-). 4. Other debts (-). 11. Payments for returns and remuneration of other equity instruments. a) Returns (-). b) Remuneration of other equity instruments (-). 12. Cash flows from financing activities (+ /-9 +/-10-11)
D) Effect of change types variations
	E) INCREASE/NET DECREASE OF CASH OR EQUIVALENTS (+ /-5 + /-8 + /-12 +/-D)
Cash or equivalent to the beginning of the exercise. Effective or equivalent at the end of the exercise.

ANNEX II

Abbreviated models of annual accounts

NOTE PREVIA: Entities that opt for the application of the PGC SMBs, approved by RD 1515/2007, of November 16 will draw up their balance sheet, profit and loss account and state of changes in net worth following the Short models, except for items bearing the sign (^) which do not apply to PGC SMEs. Institutions that choose to apply the approved criteria for Microenterprises will also not collect the item indicated by the sign (^ ^).

SHORT BALANCE SHEET AT END OF YEAR 200X

ACCOUNTS

447

(5943), (5944), (5953), (5954)

ACTIVE	Memory Notes	200X	200X-1
	A) ACTIVE NOT CURRENT
20, (280), (290)	I. Intangible fixed assets.
21, (281), (291), 23	II. Immobilized material.
22, (282), (292)	III. Real estate investments.
	IV. Long-term investments in group, partner, and partner companies.
	1. Long-term credits with partners.
2527	2. Other investments.
2403, 2404, 2413, 2414, 2423, 2424, (2493), (2494), (293),
(2943), (2944), (2953), (2954)	V. Long-term financial investments.
2405, 2415, 2425, (2495), 250, 251, 252, (2527), 253, 254,
, 257, 258, (259), 26, (2945), (2955), (297), (298)	VI. Assets by Deferred Tax (^ ^).
474
	B) CURRENT ACTIVE
	580, 581, 582, 583, 584, (599)	I. Non-current assets held for sale (^).
30, 31, 32, 33, 34, 35, 36, (39), 407	II. Stocks.
	III. Commercial debtors and other accounts receivable.
430, 431, 432, 433, 434, 435, 436, (437), (490), (493)	Customers for sales and service capabilities.
5580	Partners by required disbursements.
Debtors Partners.
44, (447), 460, 470, 471, 472, 5531 ,5533, 544	Other debtors.
	IV. Short-term investments in group, partner, and partner companies.
	Short term credits with partners.
5427
5303, 5304, 5313, 5314, 5323, 5324, 5333, 5334, 5343,
5344, 5353, 5354, (5393), (5394), 5523, 5524, (593),
V. Short-term financial investments.
5305, 5315, 5325, 5335, 5345, 5355, (5395), 540, 541, 542,
(5427), 543, 545, 546, 547, 548, (549), 551, 5525, 5590,	VI. Short term periods.
5593, 565, 566, (5945), (5955), (597), (598) 480, 567, 57	VII. Cash and other equivalent liquid assets.
	TOTAL ACTIVE (A + B)

5298

ACCOUNTS	NET AND PASSIVE ASSETS	Memory Notes	200X	200X-1
	A) NET WORTH
	A-1) Own Funds.
	I. Capital.
100	1. Subscribed cooperative capital.
	2. (Unrequired cooperative capital).
	II. Reservations.
112	1. Required Reserve Fund.
11450, 11451	2. Reimbursement or Upgrade Fund.
113	3. Voluntary Reserve Fund.
1141, 1143, 115, 119	4. Other reservations.
120, (121)	III. Previous exercise results.
118	IV. Other partner contributions.
129	V. Cooperative result (positive or negative).
(557)	VI. (Cooperative return and discretionary remuneration to account delivered in the exercise).
1070, 1071	VII. Capitalized funds.
111	VIII. Other net worth instruments.
	A-2) Adjustments by value changes (^).
, 1340, 137
	A-3) Grants, donations, and legacies received.
, 131, 132
	B) PASSIVE NON-STREAM
	148
	I. Long-term Education, Training and Promotion Fund.
	II. Debts with special long-term features.
150, (1530), 1540, (55850)	1. " Refundable capital required.
1711, 1712, 1713	2. Special funds qualified as liabilities.
1714	3. Creditors for long-term capitalized funds.
14, (148)	III. Long-term provisions.
	IV. Long-term debts.
1605, 170	1. Debt to credit institutions.
1625, 174	2. Financial lease creditors.
1615, 1635, 171, (1710), (1711), (1712), (1715), (1713), (1714),	3. Other long-term debts.
172, 173, 175, 176, 177, 178, 179, 180, 185, 189
	V. Long-term debts to group, partner, and partner companies.
1603, 1613, 1623, 1633	1. Debts to group companies.
1604, 1614, 1624, 1634	2. Debts to associated companies.
1710, 1715	3. Partner debts.
479	VI. Deferred tax liabilities (^ ^).
181	VII. Long-term periods.
	C) PASSIVE STREAM
I. Short-term Education, Training and Promotion Fund.
	II. Debts with special short-term features.
	1. " Refundable capital required.
5020	2. Special funds qualified as liabilities.
5211, 5212, 5213, 5214	3. Creditors for long-term capitalized funds.
585, 586, 587, 588, 589	III. Liabilities linked to non-current assets held for sale.
, 529, (5298)	IV. Short-term provisions.
	V. Short term debts.
5105, 520, 527	1. Debt to credit institutions.
5125, 524	2. Financial lease creditors.
	3. Other short-term debts.
	VI. Short term debts to group, partner, and partner companies.
5103, 5113, 5123, 5133, 5143, 5523, 5563	1. Debts to group companies.
5104, 5114, 5124, 5134, 5144, 5524, 5564	2. Debts to associated companies.
507, 5210, 526	3. Partner debts.
	VII. Commercial creditors and other accounts payable.
4007	1. Supplier partners.
400, 401, 403, 404, 405, (406)	2. Providers.
41, 438, 465, 466, 475, 476, 477	3. Other creditors.
485, 568	VIII. Short term periods.
	TOTAL NET AND PASSIVE EQUITY (A + B + C)

ABBREVIATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED .... OF 200X

ACCOUNTS

	Note	(Must) Haber
		200X	200X-1
700, 701, 702, 703, 704, 705, (706), (708), (709)	1. Net amount of business figure.
	2. Stock variation of finished and in-flight products.*
	73	3. Work done by the cooperative with its internal structure.
	4. Provisioning.
	a) Partner stock consumption.
	(600), (601), (602), 606, (607), 608, 609, 61 *, (617) * (6931), (6932), (6933), 7931, 7932, 7933	b) Other provisioning.
	5. Other operating income.
) Revenue from operations with partners
, 747, 75, (756), (7570), (7571), (7572), (7573)	b) Other income.
	6. Staff expenditures.
) Partner Work Services
(64), 647, 7950, 7957	b) Other personnel expenses.
(62), (631), (634), 636, 639, (65), (657), (694), (695), 794, 7954	7. Other operating expenses.
	8. Amortization of the quiesced.
746	9. Imputation of non-financial and other immobilized grants.
7951, 7952, 7955, 7956	10. Excess provisions.
	11. Deterioration and result by inmobility.*
	12. Education, Training and Promotion Fund.
) Dotation.
	7570, 7571, 7572, 7573	b) Grants, donations, and aids and penalties.
	A) OPERATING RESULT (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)
	13. Financial income.
	a) partners.
760, 761, 762, 767, 769	b) Other income financial.
	14. Financial expenses.
	a) Interest and mandatory return on contributions to social capital and other qualifying funds with debt characteristics.
	b) Other financial expenses.
	(663), 763	15. Fair value variation in financial instruments. *
(668), 768	16. Change.*
	17. Deterioration and result by financial instrument enajenations. *
	FINANCIAL RESULT (13 + 14 + 15 + 16 + 17)
	RESULT BEFORE TAXES (A + B)
(6300) *, 6301 *, (633), 638	18. Benefit Taxes. *
	E) EXERCISE RESULT (C + 18)

* Your sign can be positive or negative.

ABBREVIATED STATUS OF CHANGES IN NET WORTH FOR THE YEAR ENDED ... OF 200X

(A) ABBREVIATED STATUS OF INCOME AND RECOGNISED EXPENDITURE FOR THE YEAR ENDED ... OF 200X

accounts		Notes in memory	200X	200X-1
	A) Profit and Loss Account Result
	Revenue and expenses directly imputed to net worth
(800), (89), 900, 991, 992	I. By valuing financial instruments.
	II. For cash flow hedges.
94	III. Grants, donations, and legacies received.
(85), 95	IV. For actuarial gains and losses and other adjustments.
(8300) *, 8301 *, (833), 834, 835, 838	V. Tax effect.
	B) Total revenue and expenditure directly attributed to net worth (I + II + III + IV + V)
802), 902, 993, 994	VI. By valuing financial instruments.
	VII. For cash flow hedges.
(84)	VIII. Grants, donations, and legacies received.
8301 *, (836), (837)	IX. Tax effect.
	C) Total transfers to the profit and loss account (VI + VII + VIII + IX)

* Your sign can be positive or negative.

NOTE: The status of changes in the net worth of companies that opt for the SMB PGC is only integrated by document B.

B) TOTAL SHORT STATUS OF CHANGES IN NET WORTH FOR THE YEAR ENDED ... FROM 200x

	Cooperative Capital		Reservations	Previous exercise results	Other partner contributions	Exercise Result	(Retorations and Rewages to Account)	Capitalized funds	Other net worth instruments	Adjustments to changes value *	Donations and legacy grants received	TOTAL
	Subscribe	Not
A. BALANCE, END OF YEAR 200X-2
	Adjustments for 200X-2 and earlier criteria changes.
. Adjustments for 200X-2 and earlier errors.
B. ADJUSTED BALANCE, START OF YEAR 200X1
I. Total revenue and expenses recognised. * *
II. Operations with partners and partners.
1. Capital increases.
	. (-) Capital reductions.
	. Other operations with partners and partners.
III. Other net worth variations.
C. BALANCE, END OF YEAR 200X-1
	Adjustments for 200X-1 criteria changes.
II. 200X-1 error adjustments.
	ADJUSTED BALANCE, YEAR 200X START
I. Total recognized revenue and expenses.
II. Operations with partners and partners.
III. Other net worth variations.
1. Capital increases.
	. (-) Capital reductions.
	. Other partner and unit operations
E. BALANCE, END OF YEAR 200X

* In the SMB model this column is not checked in.

** In the SME model under heading I. Total recognised revenue and expenditure is replaced by the following:

I. Profit and loss account result.

II. Revenue and expenditure recognised in net worth.