Law 8/2014, of 22 April, on Coverage for the State of the Risks of the Internationalization of the Spanish Economy, has created the Fund to Reserve the Risks of the Internationalization as a Fund without legal personality, under the provisions of Article 2.2 of Law 47/2003 of 26 November, General Budget, attached to the Ministry of Economy and Competitiveness through the Secretariat of State for Trade, to which the risk cover operations on behalf of the State.

Law 47/2003 of 26 November, General Budget, sets out in Article 2 (2) that the budgetary, economic and financial system, accounting and control arrangements for funds lacking in personality are regulated. The majority of these funds will be allocated from the general budget of the State.

In relation to the accounting system of the aforementioned funds, Article 125 (1) (k) of Law 47/2003 establishes that the General Intervention of the State Administration, as a management center for public accounting, will You are responsible for approving the accounting rules applicable to them.

The existing accounting standards applicable to the aforementioned funds have been approved by Resolution of the General Intervention of the State Administration of 1 July 2011, approving the accounting rules for to the funds lacking legal personality referred to in Article 2 (2) of the General Budget Law and to the recording of the operations of such funds in the entities contributing to the administrative public sector.

Taking into account the activity of risk coverage that corresponds to the Risk Reserve Fund of the Internationalization, it is considered necessary to adapt the information to be drawn up for the purpose of the provided for in the Accounting Plan of the Insurance Entities, as well as the incorporation of the recognition and assessment criteria to those operations not provided for in the General Accounting Plan applicable to the Funds without personality legal.

This Resolution is structured in a single paragraph, a transitional provision, in order to regulate the settlement of the Fund's operating and capital budgets for the accounts. year 2015 and a final provision governing its entry into force. In addition, an annex is included with the model of the balance sheet, account of the economic outcome, the state of changes in the net worth and the statement of cash flows from the annual accounts.

In the single paragraph, divided into two headings, the amendments that are introduced in the General Plan of Accounting of the Funds of Legal Personality as referred to in Article 2.2 of Law 47/2003, of November 26, General Budget, for implementation by the Risk Reserve Fund of Internationalization.

Under heading One, the changes to be applied by the Reserve Fund are regulated as regards the rules for recognition and valuation of the Fund plan, which involve the use of the rules laid down in the plan of the accounting of insurance institutions for the recording and measurement of those specific operations of the insurance business.

Under heading Two, the amendments relating to the annual accounts to be drawn up by the Reserve Fund in respect of the annual accounts provided for in the Fund Plan are regulated.

In the Annex, we include the models of the balance sheet, the account of the economic income, the state of changes in the net worth and the statement of cash flows from the annual accounts to be drawn up by the fund.

By virtue of the powers conferred on the General Intervention of the State Administration in paragraph 1.k. of Article 125 of Law 47/2003 of 26 November, General Budget, to approve the rules Accounting for the Funds without legal personality as referred to in Article 2 (2) of the same Law, this General Intervention provides:

Unique. Application of the General Accounting Plan of the Funds of Legal Personality referred to in Article 2.2 of Law 47/2003 of 26 November, General Budget by the Fund for the Reserve of the Risks of the Internationalization.

The accounting of the Risk Reserve Fund of the Internationalization (hereinafter the Reserve Fund) shall be in accordance with the General Plan of Accounting of the Funds of Legal Personality referred to in Article 2.2 of Law 47/2003, of 26 November, General Budget (hereinafter referred to as the Funds Plan), approved by Resolution of 1 July 2011, of the General Intervention the General Administration of the State, with the adaptations that are regulated in the epigraps below.

One. Adaptation of the second part of the General Accounting Plan of the Legal Personality Funds.

The Reserve Fund shall apply the recognition and valuation rules provided for in the Fund Plan for the recording and measurement of its accounting operations. However, for the recording and measurement of those operations arising from insurance activity having a specific regulation in the Accounting Plan of the Insurance Entities, the latter shall apply.

Two. Adaptation of the third part of the General Accounting Plan of the Legal Personality Funds.

The Reserve Fund shall draw up its annual accounts in accordance with the provisions of Part Three of the Fund Plan, taking into account the following adaptations:

(a) Point 3, "Structure of the annual accounts" of paragraph 1, "rules for the drawing up of annual accounts", is read as follows:

" 3. Structure of annual accounts.

The balance sheet, the account of the economic outcome, the state of changes in the net worth and the statement of cash flows from the annual accounts of the Fund for the Risk of Internationalization adapt to the models set out in the Annex to this resolution.

The memory will be that provided for in the Funds Plan, to which the necessary notes must be incorporated to complete, expand and comment on the information in the balance sheet, account of the economic outcome, state of changes in the the net worth and statement of cash flows drawn up in accordance with the models set out in the Annex to this resolution and those notes arising from the specific operations of the insurance activity provided for in the Insurance Entity Plan which are deemed necessary to enable knowledge of the situation and the activity of the Reserve fund in the financial year and which facilitate the compression of the annual accounts in order to ensure that they reflect the true image of the assets, the financial situation, the economic outcome and the liquidation of the Reserve Fund budget. "

(b) In point 4, "Common balance sheet rules, the account of the economic income, the statement of changes in the net worth and the statement of cash flows" in paragraph 1, " Rules for drawing up the accounts annual ", a point 9 is incorporated, with the following content:

" 9. The common and specific rules for drawing up the Annual Accounts provided for in the third part of the annual accounts of the Insurance Entity Plan, for the drawing up of the balance sheet, the profit and loss account, the status of changes in net worth and the statement of cash flows. '

(c) items 5, "Balance sheet"; 6, "Economic income statement"; 7, "State of changes in net worth" and 8, "State of cash flows" referred to in paragraph 1, shall not apply; of the annual accounts ".

(d) The balance sheet models, the wealth economic result, the state of changes in the net worth and the statement of cash flows referred to in point 2 "annual account models" of the third part of the Fund Plan replace, respectively, the models set out in the Annex to this resolution.

Single transient arrangement. Rule for the drawing up of the settlement of the operating and capital budgets of the Internationalisation Risk Reserve Fund corresponding to the annual accounts for the financial year 2015.

In the annual accounts of the Internationalisation Risk Reserve Fund for the financial year 2015, the liquidations of the operating and capital budgets provided for in Note 10, "Budget information", of the memory will consist of two sections:

-The first will include only the approved budget, with the structure provided for in Law ...................., (rule that approves the budget).

-The second paragraph shall show its execution, the information being presented in accordance with the structure and with the rules of production provided for in this adaptation for the account of the economic outcome, in the case of the operating budget and the statement of cash flows, in the case of the capital budget.

Single end disposition. Entry into force.

This Resolution shall enter into force on the day following that of its publication in the "Official Gazette of the State", being applicable to the annual accounts of the Risk Reserve Fund of the Internationalization of the exercise 2015 and following.

Madrid, January 29, 2015.-The Comptroller General of the State Administration, José Carlos Mayor Hernández.

ANNEX

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