Key Benefits:
Article 136.4 of Law 47/2003 of 26 November 2003 provides that ' institutions which are required to apply public accounting principles as well as those which are not required to publish their accounts in the Trade Registry shall publish annually in the Official Journal of the State the balance of the situation and the account of the economic result and a summary of the remaining states that make up the annual accounts. For these purposes, the General Intervention of the State Administration shall determine the minimum content of the information to be published. "
The minimum content of the information to be published in the "Official State Gazette" by those entities of the public and foundational state public sector that have no obligation to publish their accounts in the Commercial Registry, was regulated by Resolution of 23 December 2005, of this General Intervention.
Recently, in the commercial field, there has been an important reform in the accounting field through the approval of Law 16/2007, of 4 July, of Reform and Adaptation of the Commercial Law in Accounting Matters for its international harmonisation on the basis of the rules of the European Union, whose subsequent regulatory development has led to the adoption of the following rules: Royal Decree 1514/2007 of 16 November approving the General Plan of Accounting, Royal Decree 1515/2007 (PGC 2007), which approves the General Plan of Small Accounting and Medias Companies and the specific criteria for microenterprises, the Royal Decree 1317/2008, of July 24, for which the Accounting Plan of the Insurance Entities is approved. The approval of these rules has changed the accounting information to be produced by non-financial institutions and by insurance companies, members of the state business public sector.
Regarding the annual accounts of the credit institutions in the State-owned business sector that are prepared in accordance with the content of Circular 4/2004 of December 22, to credit institutions, on rules of public and reserved financial information and models of financial statements, have also been amended by Circular 6/2008 of 26 November of the Banco de España, to credit institutions, to the amendment of Circular 4/2004, of December, on public and reserved financial reporting standards, and state models financial.
Finally, as far as the annual accounts of the Foundations are concerned, they currently comprise the balance sheet, the profit and loss account adapted to those provided for in the PGC 2007, since the Institute of Accounting and Audit of Accounts has produced a report to the consultation 1 of the BOICAC No. 73/March 2008 " Developments in accounting matters. Transitional provision 5º RD 1514/2007 'stating that' the annual accounts of non-profit-making entities shall be made up of the documents required by their specific provisions. In particular, where those provisions require the production of an exclusively balance sheet, profit and loss account, institutions shall not be required to draw up the new documents included in the 2007 PGC (net worth and change of assets status). cash flow status) ". The ICAC has also specified, in the aforementioned consultation, that both the balance sheet and the profit and loss account of these entities should be adjusted to the new format included in the third part of the PGC 2007.
As a consequence of the previous reform, the modification of the Resolution of the General Intervention of the State Administration of 23 December 2005 is necessary. Taking into account the extent of the modifications made to it, it has been considered more appropriate to draw up a new text which will replace the content of the above Resolution in its entirety.
By virtue of the faculty that is attributed to the General Intervention of the State Administration in Article 136.4 of Law 47/2003, of November 26, General Budget, to determine the minimum content of the information to be published by business and foundational public sector entities that have no obligation to publish their accounts in the Trade Register, this General Intervention provides:
First. Information to be published by non-financial entities in the State-owned business sector.
Non-financial entities in the public sector public sector that have no obligation to advertise their annual accounts in the Mercantile Register will publish the balance sheet annually in the Official Journal of the State. profit and loss account, the state of changes in equity and, where applicable, the statement of cash flows, in accordance with the models envisaged, as appropriate, in the General Accounting Plan, approved by Royal Decree 1514/2007, November 16, or the General Plan for Small and Medium Business Accounting and the criteria specific for micro-enterprises, approved by Royal Decree 1515/2007 of 16 November. They shall also publish a summary of the memory, the content of which shall be at least that provided for in Annex I to this Resolution.
The previous publication shall be made within one month from the date on which the annual accounts are referred to the General Intervention of the State Administration for submission to the Court of Auditors.
Second. Information to be published by the business state public sector insurance entities.
State-owned business insurance entities that have no obligation to advertise their annual accounts in the Commercial Registry shall publish the balance sheet annually in the Official Journal of the State. profit and loss, the state of changes in net worth and the statement of cash flows, in accordance with the models provided for in the Accounting Plan of the Insurance Entities, approved by Royal Decree 1317/2008 of 24 July, as a summary of the memory, the content of which shall be at least that provided for in Annex II to this Regulation. Resolution, within a period of one month from the date on which the annual accounts are referred to the General Intervention of the State Administration for submission to the Court of Auditors.
Third. Information to be published by the credit institutions of the business state public sector.
State-owned business credit institutions that have no obligation to advertise their annual accounts in the Commercial Registry shall publish annually in the "Official State Gazette" the public balance sheet, the public profit and loss account, the state of changes in equity and the state of cash flows, in accordance with the models provided for in Circular 4/2004 of the Bank of Spain of 22 December 2004 approving the of public and reserved financial information and models of financial statements; summary of the memory, the content of which shall be at least that provided for in Annex III to this Resolution, within one month from the date on which the annual accounts are referred to the General Intervention of the State Administration for their submission to the Court of Auditors.
Fourth. Information to be published by the public sector public sector entities.
The public sector public sector entities will publish annually in the "Official State Gazette" the balance sheet and the results account, in accordance with the models provided for in the Adaptation to the General Plan of Accounting for non-profit entities, approved by Royal Decree 776/1998 of 30 April, adapted in its content, respectively, to the balance sheet and the profit and loss account of the General Accounting Plan, approved by Royal Decree 1514/2007 of 16 November, as well as a summary of the memory whose content will be at least the provided for in Annex IV to this Resolution, within one month from the date on which the annual accounts are referred to the General Intervention of the State Administration for submission to the Court of Auditors.
Single repeal provision. Repeal of the Resolution of 23 December 2005 on the General Intervention of the State Administration.
The Resolution of 23 December 2005, of the General Intervention of the State Administration, is hereby repealed, determining the minimum content of the information to be published in the "Official State Gazette" business and foundational public sector entities that have no obligation to publish their annual accounts in the Mercantile Register.
Single end disposition. Entry into force.
This Resolution shall enter into force on the day following that of its publication in the "Official State Gazette".
Madrid, September 14, 2009.-The Comptroller General of the State Administration, José Alberto Pérez Pérez.
ANNEX I
MEMORY SUMMARY TO BE PUBLISHED BY NON-FINANCIAL ENTITIES IN THE BUSINESS PUBLIC SECTOR
Memory Summary (1)
Reported (2), at least, about:
(1) Entities submitting short models or drawing up their annual accounts in accordance with the SME Plan shall complete only those sections of the summary of the report in their abbreviated report, or in the Memory of the SMB Plan, respectively.
(2) In cases where the information requested is not significant, the corresponding sections will not be completed.
1. Entity Activity
This section describes the social object of the company and the activity or activities to which it is dedicated. In particular:
1. Domicile and legal form of the company, as well as the place where you develop the activities, if it were different from the registered office.
2. A description of the nature of the operation of the company as well as its main activities.
3. In the case of belonging to a group of companies, in the terms provided for in Article 42 of the Code of Commerce, even where the dominant company is domiciled outside the Spanish territory, it shall be informed of its name, as well as that of the the direct dominant company and the ultimate parent of the group, the residence of these companies and the Trade Register where the consolidated annual accounts are deposited, the date of their formulation or, if applicable, the circumstances they exempt from the obligation to consolidate.
4. Where there is a functional currency other than the euro, this circumstance shall be clearly stated, indicating the criteria taken into account for its determination.
2. Basis for the presentation of the annual accounts
1. True image:
(a) The company must make an explicit statement that the annual accounts reflect the true image of the assets, the financial situation and the results of the company, as well as the veracity of the flows incorporated in the state of cash flows.
(b) Exceptional reasons why, in order to show the true image, no legal provisions have been applied in accounting matters, with an indication of the non-applied legal provision, and qualitative and quantitative influence for each the financial year for which information is presented, such as the assets, the financial situation and the results of the company.
c) Complementary information, indicating its location in memory, that it is necessary to include when the application of the legal provisions is not sufficient to show the true image.
2. Non-mandatory accounting principles applied.
3. Critical aspects of the assessment and estimation of uncertainty.
(a) Without prejudice to the above in each specific note, this section will report on the key assumptions about the future as well as other relevant data on the estimate of the uncertainty at the closing date of the exercise, provided that they are associated with an important risk that may lead to significant changes in the value of assets or liabilities in the following financial year. For such assets and liabilities, information on their nature and book value shall be included on the closing date.
(b) The nature and amount of any change in an accounting estimate that is significant and which affects the current financial year or which is expected to affect future financial years shall be indicated. When it is impractical to estimate the effect in future exercises, this fact will be revealed.
(c) When management is aware of the existence of significant uncertainties, relating to events or conditions that may provide significant doubt as to whether the company may continue to operate normally, proceed to reveal them in this section. In the event that the annual accounts are not drawn up under the principle of a functioning undertaking, that fact will be the subject of explicit disclosure, together with the alternative scenarios on which they have been drawn up, as well as the reasons why the company cannot be regarded as a running company.
4. Comparison of the information. -Without prejudice to the following paragraphs regarding changes in accounting criteria and error correction, the following information will be incorporated in this section:
(a) Exceptional reasons justifying the modification of the balance sheet structure, profit and loss account, changes in net worth and cash flow statement of the previous year.
b) Explanation of the causes that prevent the comparison of the annual accounts of the year with those of the previous one.
(c) Explanation of the adjustment of the amounts of the preceding financial year to facilitate the comparison and, if not, the exceptional reasons which have rendered the reexpression of the comparative figures impracticable.
5. Pool of items.-The breakdown of the items that have been the subject of the balance sheet, in the profit and loss account, in the statement of changes in net worth or in the statement of cash flows shall be reported.
It will not be necessary to present the above information if this disaggregation is contained in other sections of the memory.
6. Items collected under various headings. Identification of the assets, with their amount, which are recorded in two or more balance sheet items, with an indication of the balance sheet and the amount included in each balance sheet.
7. Changes in accounting criteria. -Detailed explanation of adjustments for changes in accounting criteria made in the financial year. In particular, information should be provided on:
a) Nature and description of the change produced and the reasons why the change allows for more reliable and relevant information.
(b) Amount of correction for each of the items corresponding to the documents in the annual accounts, affected in each of the financial years presented for comparative purposes, and
(c) If the retroactive application is impracticable, the circumstances that explain it and from when the change in the accounting criterion has been applied shall be reported.
When the change of criteria is due to the application of a new standard, it will be indicated and the provisions of the new standard will be indicated, informing of its effect on future exercises.
It will not be necessary to include comparative information in this section.
8. Correction of errors. -Detailed explanation of the adjustments for correction of errors made in the financial year. In particular, information should be provided on:
a) Nature of the error and the exercise or exercises in which it occurred.
(b) Amount of the correction for each of the items corresponding to the documents that make up the annual accounts concerned in each of the financial years presented for comparative purposes
andc) If the retroactive application is impracticable, the circumstances that explain it and from when the error has been corrected will be reported.
It will not be necessary to include comparative information in this section.
3. Application of results
Information about the application proposal of the result of the exercise, according to the following scheme:
| Supporting Base | Amount |
|---|---|
|
Account Balance and earnings |
|
| Remover |
|
|
| |
| Table_table_izq"> Other Free Available Reservations |
|
|
Total |
|
| Application | Amount |
| A legal reservation |
|
|
A reserve by goodwill |
|
| To Special Reservations | |
|
Reservations volunteers |
|
|
A.. |
|
| A dividends |
|
| A.. |
|
| A compensation for previous exercise losses |
|
| Total |
|
4. Registration and valuation rules
The accounting criteria applied for the following items shall be indicated:
1. Intangible fixed assets; indicating the criteria used for capitalisation or activation, amortisation and valuation corrections for impairment.
Justification of the circumstances that have led to the indefinite qualification of the useful life of an intangible fixed asset.
In particular, the valuation criterion followed to calculate the recoverable value of the goodwill, as well as the rest of intangible fixed assets with indefinite shelf life, should be specified in detail.
2. Tangible fixed assets, indicating the criteria for depreciation, valuation corrections for deterioration and reversal of depreciation, capitalisation of financial expenses, enlargement costs, modernisation and improvements, decommissioning or withdrawal costs, as well as the costs of rehabilitation of the place where an asset is settled and the criteria for determining the cost of the work carried out by the company for its fixed assets.
3. The criterion for qualifying land and buildings as real estate investments shall be indicated, specifying for these criteria the criteria set out in the previous paragraph.
4. Leases; indicating the criteria for accounting for leasing contracts and other similar operations.
5. Permutas; indicating the criterion followed and the justification for their application, in particular the circumstances which led to the qualification of a commercial swap.
6. Financial instruments; shall be indicated:
(a) Criteria used for the rating and valuation of the different categories of financial assets and financial liabilities, as well as for the recognition of fair value changes; in particular, the reasons why securities issued by the company which, in accordance with the legal instrument used, should in principle have been classified as equity instruments, have been accounted for as financial liabilities.
(b) The nature of the financial assets and financial liabilities initially designated as at fair value with changes in the profit and loss account, as well as the criteria applied in that designation and an explanation of how the company has met the requirements set out in the standard of registration and valuation relating to financial instruments.
(c) The criteria applied to determine the existence of objective evidence of deterioration, as well as the recording of the correction of value and its reversal and the definitive discharge of impaired financial assets. In particular, the criteria used to calculate the valuation corrections relating to commercial debtors and other receivables shall be highlighted. The accounting criteria applied to financial assets whose conditions have been renegotiated and which otherwise would be due or impaired shall also be indicated.
d) Criteria used for the registration of financial assets and financial liabilities.
(e) Hybrid financial instruments; indicating the criteria that have been followed to assess separately the instruments that integrate them, on the basis of their economic characteristics and risks or, where appropriate, the the impossibility of such separation. In addition, the valuation criteria followed with particular reference to impairment valuation corrections shall be detailed.
(f) Compound financial instruments; the valuation criterion followed for quantifying the component of these instruments to be classified as financial liability shall be indicated.
g) Financial collateral contracts; indicating the criterion followed in both the initial and subsequent valuation.
h) Investments in group, multi-group and associated companies; the criterion followed in the valuation of these investments, as well as the one applied to record impairment valuation corrections, will be reported.
i) The criteria used in determining the income or expenses arising from the various categories of financial instruments: interest, premiums or discounts, dividends, etc.
j) Own equity instruments held by the company; indicating the criteria for valuation and registration of employees.
7. Accounting hedges; indicating the valuation criteria applied by the company in its hedging operations, distinguishing between fair value hedges, cash flows and net investments in foreign business, as well as the valuation criteria applied for the recording of the accounting effects of their interruption and the reasons for which they originated.
8. Stocks; indicating the valuation criteria and, in particular, specifying those followed by valuation corrections for deterioration and capitalization of financial expenses.
9. Foreign currency transactions; indicating:
a) Criteria for valuation of foreign currency transactions and criteria for imputation of exchange differences.
b) When there has been a change in the functional currency, it will become manifest, as well as the reason for such a change.
(c) For the items contained in the annual accounts which at present or at their origin have been expressed in foreign currency, the procedure used to calculate the exchange rate shall be indicated in euro.
d) Criterion used for conversion to presentation currency.
10. Profit taxes; indicating the criteria used for the registration and valuation of deferred tax assets and liabilities.
11. Revenue and expenditure; indicating the general criteria applied. In particular, in relation to the performance of services carried out by the undertaking, the criteria used for the determination of the income shall be indicated; in particular, the methods used to determine the percentage of performance in the provision of services and shall be reported if its application has been impracticable.
12. Provisions and contingencies; indicating the criterion of valuation, as well as, where appropriate, the treatment of compensation to be received from a third party at the time of the settlement of the obligation. In particular, a general description of the method of estimation and calculation of each of the risks shall be given in relation to the provisions.
13. Heritage elements of a medium-environmental nature, indicating:
(a) Criteria for valuation, as well as for imputation to the results of the amounts intended for the medium-environmental purposes. In particular, the criterion used to consider these amounts as expenditure for the year or as the higher value of the corresponding asset shall be indicated.
(b) Description of the estimation method and calculation of provisions arising from the environmental impact.
14. Criteria used for the recording and valuation of staff expenditure, in particular, for pension commitments.
15. Stock-based payments; indicating the criteria used for accounting.
16. Grants, donations and legacies; indicating the criteria used for their classification and, where applicable, their imputation to results.
17. Business combinations; indicating the criteria for employee registration and valuation.
18. Joint ventures; indicating the criteria followed by the company to integrate in its annual accounts the balances corresponding to the joint business in which it participates.
19. Criteria used in related party transactions.
20. Non-current assets held for sale; the following criteria shall be indicated for qualifying and valuing such assets or groups of items as held for sale, including the associated liabilities.
21. Interrupted operations; criteria for identifying and qualifying an activity as interrupted, as well as the revenue and expenses that originate.
5. Tangible fixed assets
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:
a) Initial save.
b) Entries or envelopes, specifying acquisitions made by business combinations and non-cash contributions, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfers of other items; in particular to non-current assets held for sale or discontinued operations.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
6. Real estate investments
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:
a) Initial save.
b) Entries or envelopes, specifying acquisitions made by business combinations and non-cash contributions, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfers of other items; in particular to non-current assets held for sale or discontinued operations.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
7. Intangible fixed assets
1. Movement analysis during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative value impairment corrections; indicating the following:
a) Initial save.
b) Inputs or endowments, specifying internally generated assets and those acquired through business combinations and non-cash contributions.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfer of another item, in particular to non-current assets held for sale.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
8. Financial instruments
8.1 The book value of each of the categories of financial assets and financial liabilities identified in the record and valuation standard shall be disclosed in accordance with the following structure.
(a) Financial assets, except investments in the assets of group, multigroup and associated companies.
| Classes | Total | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long Term Financial Instruments | Short-Term Financial | ||||||||||||||||||
|
Instruments | Debt Representative Values | Derived Credits Other | Heritage Instruments | Debt Representative Values | Derivatives Other | ||||||||||||||
| Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | ||||||
| Assets at fair value with profit and loss change: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
| -Maintained to negotiate. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
-Other. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
held to maturity. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
and Items to Charge. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
assets available for the selling: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
| -Valued at cost. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
b) Financial liabilities.
| Classes | Total | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long Term Financial Instruments | Short-Term Financial | ||||||||||||||
|
Debts with credit entities | Obligations and other negotiable values | Other Derivatives | Debts with credit entities | Obligations and other negotiable values | Other Derivatives | ||||||||||
|
| Ej x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej x | ||
| Debts and Items to Pay. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Passive to fair value with changes in profit and loss: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| - Maintained to negotiate. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| -Other. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Derivatives. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
8.2 Group, Multigroup, and Partner Companies-Information about group, multigroup, and associated companies will be detailed, including:
(a) Denomination, domicile and legal form of the group, multi-group and associated companies, specifying for each of them:
Activities that they exercise.
Fraction of capital and voting rights held directly and indirectly, distinguishing between both.
Amount of capital, reserves, other items of net worth and result of the last financial year resulting from the criteria included in the Trade Code and its implementing rules, differentiating the operating result and breaking down the continued operations and the discontinued operations, in the event that the group company is required to give this information in its individual annual accounts.
Value according to books of capital participation.
Dividends received in the year.
Indication of whether or not the shares are listed on the Stock Exchange and, where applicable, the average price of the last quarter of the year and the closing of the financial year.
9. Provisions
Analysis of the movement of each item in the balance sheet including the items relating to provisions during the financial year, indicating:
Initial balance.
Envelopes.
Applications.
Other adjustments made (business combinations, etc.).
Final Balance.
It will not be necessary to include comparative information in this section.
10. Grants, donations and legacies
Reports on:
1. The amount and characteristics of the grants, donations and legacies received that appear on the balance sheet, as well as those charged in the profit and loss account.
2. Analysis of the movement of the contents of the corresponding subpool of the balance sheet, indicating the initial and final balance as well as the increases and decreases. In particular, the amounts received and, where appropriate, returned shall be reported.
3. Information on the origin of the grants, donations and legacies, indicating, for the first, the public Ente that grants them, specifying whether the grant of the same is the local, regional, state or international administration.
4. Information on whether or not the conditions associated with grants, donations and legacies are met.
11. Post-closure events
The company will report:
1. Subsequent events which show circumstances which already existed at the end of the financial year which did not, in accordance with their nature, include an adjustment in the figures contained in the annual accounts, but the information contained in the memory must be modified according to that subsequent fact.
2. Subsequent events showing conditions which did not exist at the close of the financial year and which are of such importance that, if no information is provided, could affect the assessment capacity of the users of the annual accounts. In particular, the subsequent event shall be described and the estimation of its effects shall be included. Where it is not possible to estimate the effects of the said fact, an express expression shall be included on this point, together with the reasons and conditions which cause such an impossibility of estimation.
12. Other information
Information about:
The average number of persons employed in the course of the financial year, expressed by category.
The distribution by gender at the end of the exercise of the company's staff, broken down into a sufficient number of categories and levels, including those of senior managers and members.
ANNEX II
MEMORY SUMMARY TO BE PUBLISHED BY BUSINESS PUBLIC SECTOR INSURANCE ENTITIES
Memory Summary (3)
(3) Entities that present abbreviated models will only fill in those sections of the Summary of Memory that appear in their abbreviated memory.
Reported (4), at least, about:
(4) In cases where the information requested is not significant, the corresponding sections will not be completed.
1. Entity Activity
This section will include the main elements that describe the activity of the entity. In particular:
1. Domicile and legal form of the entity, as well as the territorial scope of its activities.
2. A description of the insurance classes in which it operates, risks covered and ancillary activities it develops.
3. In the case of belonging to a group of companies, in the terms provided for in Article 42 of the Code of Commerce, even where the dominant company is domiciled outside the Spanish territory, it shall be informed of its name, as well as that of the the direct dominant company and the ultimate parent of the group, the residence of these companies and the Trade Register where the consolidated annual accounts are deposited, the date of their formulation or, if applicable, the circumstances they exempt from the obligation to consolidate.
4. Where there is a functional currency other than the euro, this circumstance shall be clearly stated, indicating the criteria taken into account for its determination.
2. Basis for the presentation of the annual accounts
1. True image:
(a) The entity shall make an explicit statement that the annual accounts reflect the fair value of the assets, the financial situation and the results of the entity, as well as the veracity of the flows incorporated. in the state of cash flows.
(b) Exceptional reasons why, in order to show the true image, no legal provisions have been applied in accounting matters, with an indication of the non-applied legal provision and qualitative and quantitative influence for each the financial year for which information is presented on the assets, financial situation and the results of the institution.
c) Complementary information, indicating its location in memory, that it is necessary to include when the application of the legal provisions is not sufficient to show the true image.
2. Non-mandatory accounting principles applied.
3. Critical aspects of the assessment and estimation of uncertainty.
(a) Without prejudice to the above in each specific note, this section will report on the key assumptions about the future as well as other relevant data on the estimate of the uncertainty at the closing date of the exercise, provided that they are associated with an important risk that may lead to significant changes in the value of assets or liabilities in the following financial year. For such assets and liabilities, information on their nature and book value shall be included on the closing date.
(b) The nature and amount of any change in an accounting estimate that is significant and which affects the current financial year or which is expected to affect future financial years shall be indicated. When it is impractical to estimate the effect in future exercises, this fact will be revealed.
(c) When management is aware of the existence of significant uncertainties, relating to events or conditions that may provide significant doubt as to whether the entity may continue to function normally, proceed to reveal them in this section. In the event that the annual accounts are not drawn up under the principle of a functioning undertaking, that fact will be the subject of explicit disclosure, together with the alternative scenarios on which they have been drawn up, as well as the reasons why the entity cannot be considered to be a running company.
4. Comparison of the information. -Without prejudice to the following paragraphs regarding changes in accounting criteria and error correction, the following information will be incorporated in this section:
a) Explanation of the causes that prevent the comparison of the annual accounts of the year with those of the previous one.
(b) Explanation of the adjustment of the amounts of the preceding financial year to facilitate the comparison and, if not, the exceptional reasons which have rendered the reexpression of the comparative figures impracticable.
5. Items collected under various items. -Identification of the assets, with their amount, that are recorded in two or more items in the balance sheet, with an indication of the balance sheet items and the amount included in each item.
6. Changes in accounting criteria. -Detailed explanation of adjustments for changes in accounting criteria made in the financial year. In particular, information should be provided on:
a) Nature and description of the change produced and the reasons why the change allows for more reliable and relevant information.
(b) Amount of correction for each of the items corresponding to the documents in the annual accounts, affected in each of the financial years presented for comparative purposes, and
(c) If the retroactive application is impracticable, the circumstances that explain it and from when the change in the accounting criterion has been applied shall be reported.
When the change of criteria is due to the application of a new standard, it will be indicated and the provisions of the new standard will be indicated, informing of its effect on future exercises.
It will not be necessary to include comparative information in this section.
7. Correction of errors. -Detailed explanation of the adjustments for correction of errors made in the financial year. In particular, information should be provided on:
a) Nature of the error and the exercise or exercises in which it occurred.
(b) Amount of the correction for each of the items corresponding to the documents that make up the annual accounts concerned in each of the financial years presented for comparative purposes
andc) If the retroactive application is impracticable, the circumstances that explain it and from when the error has been corrected will be reported.
It will not be necessary to include comparative information in this section.
8. Criteria for imputation of expenditure and revenue. -In the case where the entity operates simultaneously in the life and non-life activities, an explanation of the criteria followed for the affectation of the investments to one or another activity, in order to the imputation to the same of the expenditure and financial revenue and, in any case, explanation of the criteria used for the allocation of any revenue and expenditure corresponding to the activity of non-life to the various classes.
3. Application of results
Information about the application proposal of the result of the exercise, according to the following scheme:
| Amount | ||
|---|---|---|
|
and Profits |
| |
|
Remover |
| |
|
volunteers |
| |
|
|
| |
| Other free disposition reservations |
| |
| Total |
| |
| Amount | ||
|
| ||
|
| ||
|
|
|
|
| Business Fund Reserve |
| |
|
Other Special Reservations |
| |
| Voluntary Reservations |
| |
| . |
dividends | |
|
| ||
| . |
| |
| A loss compensation previous exercises |
| |
| Total |
|
4. Registration and valuation rules
The accounting criteria applied for the following items shall be indicated:
1. Intangible fixed assets; indicating the criteria used for capitalisation or activation, amortisation and valuation corrections for impairment.
Justification of the circumstances that have led to the indefinite qualification of the useful life of an intangible fixed asset.
In particular, the valuation criterion used to calculate the recoverable value of the goodwill and the expense of the disposal of the portfolio, as well as the other intangible fixed assets, should be specified in detail. indefinite useful life.
In any event, for the economic rights derived from policy portfolios acquired from a mediator, the estimated depreciation period in accordance with the provisions of the registration and/or the registration rule should be adequately justified. assessment of intangible fixed assets.
2. Tangible fixed assets and real estate investments, indicating depreciation criteria, valuation corrections for deterioration and reversal of depreciation, capitalization of financial expenses, enlargement costs, modernisation and improvements, costs for decommissioning or withdrawal, as well as the costs of the rehabilitation of the place where an asset is located and the criteria for determining the cost of the work carried out by the institution for the purposes of the work.
3. The criterion for qualifying land and buildings as real estate investments shall be indicated, specifying for these criteria the criteria set out in the previous paragraph.
4. Leases; indicating the criteria for accounting for leasing contracts and other similar operations.
5. Permutas; indicating the criterion followed and the justification for their application, in particular the circumstances which led to the qualification of a commercial swap.
6. Advance commissions and other acquisition expenses activated; indicating the criteria used for activation, amortization and, where applicable, sanitation. The criteria for the timing of commissions and other acquisition costs in the non-life classes will also be indicated.
7. Financial instruments; shall be indicated:
(a) Criteria used for the rating and valuation of the different categories of financial assets and financial liabilities, as well as for the recognition of fair value changes; in particular, the reasons why securities issued by the institution which, in accordance with the legal instrument used, should in principle have been classified as equity instruments, have been accounted for as financial liabilities.
(b) The nature of the financial assets and financial liabilities initially designated as at fair value with changes in the profit and loss account, as well as the criteria applied in that designation and an explanation of how the institution has complied with the requirements set out in the standard of registration and valuation relating to financial instruments.
(c) The criteria applied to determine the existence of objective evidence of deterioration, as well as the recording of the correction of value and its reversal and the definitive discharge of impaired financial assets. In particular, the criteria used to calculate the valuation corrections relating to commercial debtors and other receivables shall be highlighted. The accounting criteria applied to financial assets whose conditions have been renegotiated and which otherwise would be due or impaired shall also be indicated.
d) Criteria used for the registration of financial assets and financial liabilities.
(e) Hybrid financial instruments; indicating the criteria that have been followed to assess separately the instruments that integrate them, on the basis of their economic characteristics and risks or, where appropriate, the the impossibility of such separation. In addition, the valuation criteria followed with particular reference to impairment valuation corrections shall be detailed.
(f) Compound financial instruments; the valuation criterion followed for quantifying the component of these instruments to be classified as financial liability shall be indicated.
g) Financial collateral contracts; indicating the criterion followed in both the initial and subsequent valuation.
h) Investments in group, multi-group and associated entities; the criterion followed in the valuation of these investments, as well as the one applied to record impairment valuation corrections, shall be reported.
i) The criteria used in determining the income or expenses arising from the various categories of financial instruments: interest, premiums or discounts, dividends, etc.
j) Own equity instruments held by the institution; indicating the criteria for valuation and registration of employees.
8. Accounting hedges; indicating the valuation criteria applied by the institution in its hedging operations, distinguishing between fair value hedges, cash flows and net investments in foreign business, as well as the valuation criteria applied for the recording of the accounting effects of their interruption and the reasons for which they originated.
9. Appropriations for insurance and reinsurance operations, distinguishing those for insurers, reinsurers, transferors and co-insurers, as well as mediators and policyholders, with an indication of the criteria applied for the implementation of Value adjustments.
10. Foreign currency transactions; indicating:
a) Criteria for valuation of foreign currency transactions and balances and criteria for imputation of exchange differences.
b) When there has been a change in the functional currency, it will become manifest, as well as the reason for such a change.
(c) For the items contained in the annual accounts which at present or at their origin have been expressed in foreign currency, the procedure used to calculate the exchange rate shall be indicated in euro.
d) Criterion used for conversion to presentation currency.
11. Profit taxes; indicating the criteria used for the registration and valuation of deferred tax assets and liabilities.
12. Revenue and expenditure, indicating in particular the criteria for the reclassification of expenditure by nature in expenditure by destination.
13. Technical provisions; indicating the assumptions and methods of calculation used for each of the provisions constituted.
14. Provisions and contingencies; indicating the criterion of valuation, as well as, where appropriate, the treatment of compensation to be received from a third party at the time of the settlement of the obligation. In particular, a general description of the method of estimation and calculation of each of the risks shall be given in relation to the provisions.
15. Property assets of an environmental nature, indicating, where applicable, the description of the method of estimation and calculation of provisions arising from the environmental impact.
16. Criteria used for the recording and valuation of staff expenditure, in particular, for pension commitments.
17. Stock-based payments; indicating the criteria used for accounting.
18. Grants, donations and legacies; indicating the criteria used for their classification and, where applicable, their imputation to results.
19. Business combinations; indicating the criteria for employee registration and valuation.
20. Joint ventures; indicating the criteria followed by the entity to integrate the balances corresponding to the joint venture into its annual accounts.
21. Criteria used in related party transactions.
22. Assets held for sale; the following criteria shall be indicated for qualifying and valuing such assets or groups of items as held for sale, including the associated liabilities.
23. Interrupted operations; criteria for identifying and qualifying an activity as interrupted, as well as the revenue and expenses that originate.
5. Tangible fixed assets
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:
a) Initial save.
b) Entries or envelopes, specifying acquisitions made by business combinations and non-cash contributions, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfers of other items; in particular to assets held for sale or discontinued operations.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
6. Real estate investments
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:
a) Initial save.
b) Entries or envelopes, specifying acquisitions made by business combinations and non-cash contributions, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfers of other items; in particular to assets held for sale or discontinued operations.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
7. Intangible fixed assets
Analysis of the movement during the exercise of each balance sheet item included in this item and its corresponding accumulated write-downs and cumulative value impairment adjustments; next:
a) Initial save.
b) Inputs or endowments, specifying internally generated assets and those acquired through business combinations and non-cash contributions.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfer of another item, in particular to assets held for sale.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
8. Financial Instruments
1. Categories of financial assets and financial liabilities. -Book value shall be disclosed, with reference to each of the categories of financial assets and financial liabilities identified in the standard of registration and valuation of instruments financial instruments, of the various financial instruments in each of them included, grouped by typologies, reporting the variation from the previous year. The financial instruments whose investment risk is assumed by the policyholders, investments affecting the preparatory operations of insurance contracts and those linked to participation in the benefits of the policyholders shall be detailed.
1.1) Financial assets.
| Cash and other liquids equivalents | Financial assets held for trading | Other financial assets at fair value with changes in PyG | Financial assets available for sale | Loans and Receivables | Expiration Portfolio | Coverage Derivatives | Participations in entities in the group and associated | TOTAL | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hybrid Financial Instruments | Correction of accounting asymmetries | Managed instruments based on fair value strategy | Reasonable value | Cost | |||||||||
|
Instruments: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
-Investments financial in capital. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
-Investment funds participations. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Risk capital fund participations. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Other heritage instruments. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
representative values: |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Fixed income values. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Other debt representative values. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
instruments. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
: |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Loans and advances on policies. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Loans to entities in the group. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| -Mortgage loans. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Other loans. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
Repositories constituted by accepted reinsurance. |
|
|
|
|
|
|
|
|
|
|
|
| |
| Credit for direct insurance operations: |
|
|
|
|
|
|
|
|
|
|
|
| |
| - Insurance takers: |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| -Mediators: |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Pending balances with mediators. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Provision for balance impairment with mediators. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Pending Saldos with Reinsurers. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Provision for balance impairment with reinsurance. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| -Pending balances with coinsurers. |
|
|
|
|
|
|
|
|
|
|
|
| |
| - Balance impairment provision with coinsurance. |
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| ||
| Other Credits: |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Credits with Public Administrations. |
|
|
|
|
|
|
|
|
|
|
|
| |
| -Credit Rest. |
|
|
|
|
|
|
|
|
|
|
|
| |
| financial assets. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
. |
|
|
|
|
|
|
|
|
|
|
|
| |
| . |
|
|
|
|
|
|
|
|
|
|
|
| |
1.2) Financial liabilities.
| Financial liabilities held for trading | Other financial liabilities at fair value with changes in PyG | Debits and receivables | Liabilities financial assets associated with transferred financial assets | Coverage Derivatives | TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|
|
Financial Instruments |
Correcting accounting asymmetries | Managed instruments based on fair value | |||||||
|
derivatives. |
|
|
|
|
|
|
|
| |
|
liabilities. |
|
|
|
|
|
|
|
| |
| Repositories received by ceded reinsurance. |
|
|
|
|
|
|
|
| |
|
Widows by insurance operations: |
|
|
|
|
|
|
|
|
|
| -Widows with policyholders. |
|
|
|
|
|
|
|
| |
| Debts with mediators. |
|
|
|
|
|
|
|
| |
| -Widows conditions. |
|
|
|
|
|
|
|
| |
|
Deures by reinsurance operations. |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| ||
|
Borrowings. |
|
|
|
|
|
|
|
| |
| Debts with Credit Entities: |
|
|
|
|
|
|
|
| |
| -Financial lease debts. |
|
|
|
|
|
|
|
| |
| -Other debts with credit entities. |
|
|
|
|
|
|
|
| |
| Widows by insurance contract preparatory operations. |
|
|
|
|
|
|
|
| |
|
Other debts: |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
| ||
| -Rest of debts. |
|
|
|
|
|
|
|
| |
| Debts by asset lease operations. |
|
|
|
|
|
|
|
| |
| Other financial liabilities. |
|
|
|
|
|
|
|
| |
|
TOTAL. |
|
|
|
|
|
|
|
| |
2. Entities in the group, multigroup, and associated. -Detailed information about group, multigroup, and associated entities, including:
Denomination, domicile, and legal form of the group, multigroup, and associated entities, specifying for each:
Activities that they exercise.
Fraction of capital and voting rights held directly and indirectly, distinguishing between both.
Amount of capital, reserves, other items of net worth and result of the last financial year resulting from the criteria included in the Trade Code and its implementing rules, differentiating the operating result and breakdown of the continued operations and the discontinued operations, in the event that the group entity is required to give this information in its individual annual accounts.
Value according to books of capital participation.
Dividends received in the year.
Indication of whether or not the shares are listed on the Stock Exchange and, where applicable, the average price of the last quarter of the year and the closing of the financial year.
9. Provisions
Analysis of movement during the exercise of each balance sheet item included within the provisions of provisions, indicating:
Initial balance.
Envelopes.
Applications.
Other adjustments made (business combinations, etc.).
Final Balance.
It will not be necessary to include comparative information in this section.
10. Post-closure events
The entity will report:
1. Subsequent events which show circumstances which already existed at the end of the financial year which did not, in accordance with their nature, include an adjustment in the figures contained in the annual accounts, but the information contained in the memory must be modified according to that subsequent fact.
2. Subsequent events showing conditions which did not exist at the close of the financial year and which are of such importance that, if no information is provided, could affect the assessment capacity of the users of the annual accounts. In particular, the subsequent event shall be described and the estimation of its effects shall be included. Where it is not possible to estimate the effects of the said fact, an express expression shall be included on this point, together with the reasons and conditions which cause such an impossibility of estimation.
11. Other information
Information about:
The average number of persons employed in the course of the financial year, expressed by category.
The distribution by gender at the end of the exercise of the company's staff, broken down into a sufficient number of categories and levels, including those of senior managers and members.
12. Technical information
1. The entity shall disclose information relating to:
a) Accounting policies regarding insurance contracts.
(b) The objectives related to risk management by insurance contracts, risk management policies and procedures and the methods used for their measurement.
c) The reinsurance policy.
d) The concentration of insurance risk.
e) The quantification of exposures to life insurance policy risks referred to in Article 36.2 of the Private Insurance Management and Supervision Regulation.
2. In relation to life insurance, the following information will also be detailed:
2.1 Composition of the life business, by volume of premiums (direct insurance).
a) a.1 Primas for individual contracts.
a.2 Primas for collective insurance contracts.
b) b.1 Regular Prims.
b.2 Single Prims.
c) c.1 Contract Primes with no profit participation.
c.2 Premium contracts with profit participation.
c.3 Primary contracts where the investment risk falls on policy-holders.
The information contained in this paragraph shall be completed only where the life-class premiums represent more than 10 per 100 of the total business of the entity in direct insurance.
The preceding information shall also relate to the reinsurance premiums accepted when they represent at least 10 per 100 of the total lifetime premiums.
2.2. Technical conditions of the main life insurance modalities.
The information indicated must relate to the insurance arrangements that represent more than 5 per 100 of the premiums or the mathematical provisions of the class of life, dealing with aspects such as the type of coverage to which the modality referred to, tables used, the technical interest and whether or not it is granted participation in benefits; in such case, the amount of the benefit distributed to the insured in each modality, as well as the form of distribution of benefit.
It will be indicated if it is the mode a.1, a.2, b.1, b.2, c.1, c.2, according to the nomenclature used for the previous section 2.1.
3. In relation to the non-life insurance, the following information shall also be detailed:
3.1. Revenue and technical expenditure per class. -Only for classes in which the premiums issued exceed EUR 2,000,000; but in any case, this paragraph shall be completed for the three most important classes.
|
| Direct insurance | Reassured accepted (1) |
|---|---|---|
| I. Premiums imputed (Direct and accepted). |
|
|
| 1. Premiums written net of cancellations and extortions. |
|
|
|
2. +/-variation provision for unconsumed premiums. |
|
|
|
3. +/-variation provision for risks in courses |
|
|
| 4. +/-variation provision for premiums pending collection. |
|
|
|
II. Reinsurance Premiums (Ceded And Regressed) |
|
|
| 1. Net accruals of cancellations. |
|
|
| 2. +/-variation provision for unconsumed premiums. |
|
|
|
A. Total Reinsurance Net Premiums (I-II). |
|
|
| III. Sinister (Direct and Accepted) |
|
|
| 1. Capabilities and expenses imputable to capabilities. |
|
|
|
2. +/-variation technical provisions for capabilities. |
|
|
|
IV. Reinsurance Sinister (Ceded and Backward). |
|
|
| 1. Benefits and expenses paid. |
|
|
|
2. +/-variation technical provisions for capabilities. |
|
|
|
B. Total net reinsurance reinsurance (III-IV). |
|
|
|
V. +/-variation other net reinsurance technical provisions. |
|
|
|
VI. Acquisition (Direct and Accepted) expenses. |
|
|
|
VII. Administration (Direct and Accepted) Expenses. |
|
|
|
VIII. Other technical expenses (Direct and accepted) |
|
|
|
IX. Commissions and participations in the transferred reinsurance and regressed. |
|
|
|
C. Total operating expenses and other net technical expenses (V + VI + VII + VIII). |
|
|
(1) This column shall be completed only, with the breakdown of the information corresponding to the direct insurance and the reinsurance accepted, where the acceptances assume more than 10% of the total premium volume.
3.2. Technical result per year of occurrence.
In the non-life insurance classes, the following breakdown shall be made taking into account the following:
The premiums shall be the accruals in the financial year, excluding the cancellation and cancellation of previous financial years.
The claims shall be those occurring in the financial year and the costs of the claims shall be attributable to the claims.
| I. Purchased premiums (Direct and accepted) |
|
| 1. Premiums written net of cancellations and extortions. |
|
|
2. +/-variation provision for unconsumed premiums. |
|
|
3. +/-variation provision for premiums pending collection. |
|
|
II. Reinsurance periodized premiums. |
|
| 1. Premiums written net of cancellations and extortions. |
|
|
2. +/-variation provision for unconsumed premiums. |
|
|
A. Total Reinsurance Net Acquired Premiums (I-II). |
|
|
III. Sinister (Direct and Accepted) |
|
| 1. Capabilities and expenses imputable to capabilities. |
|
|
2. Technical provision for casualty benefits in exercise. |
|
|
IV. Reinsurance Sinister (Ceded). |
|
| 1. Claims and expenses paid for claims occurred in the exercise. |
|
| 2. Technical provisions for casualty benefits in exercise. |
|
|
B. Total net reinsurance reinsurance (III-IV). |
|
|
V. Acquisition expenses (Direct) |
|
|
VI. Administration Expenses (Direct) |
|
|
VII. Other technical expenses (Direct) |
|
|
VIII. Commissions and shares in the transferred reinsurance and regressed (Transferred). |
|
|
IX. Net technical financial income from expenses of the same nature. |
|
4. If, pursuant to paragraph 3 of the registration and valuation standard 9, the institution recognises through the net worth or the profit and loss account and/or assets or liabilities correctors of accounting asymmetries, it shall include information in the memory of the notes made for each type of insurance transaction, as well as the reconciliation of the balance of the assets and liabilities for accounting asymmetries at the beginning and at the close of the financial year.
13. State of hedges of technical provisions
In this section, the models that the entities of the Technical Provisions of the Coverage of the Technical Provisions must produce for the purposes of the fulfillment of the Statistical-Accounting Documentation must be reproduced.
For these states, you should indicate:
Assessment criteria used.
This will be included for the previous year. In the case of intermediate financial statements, the preceding period shall be provided.
In the event of a deficit, reasons which the entity's judgement has caused it and measures taken or to be taken to overcome this situation, with indication in its case of goods that do not yet meet the requirements of fitness, could be affected Transitional mode until such requirements are obtained.
Changes in the allocation of eligible assets from life to non-life and/or vice versa.
14. State of the solvency margin and guarantee fund
The model that the State of the Margin of Solvency and Guarantee Fund that the entities must make for the purposes of the completion of the Statistical-Accounting Documentation must be reproduced in this section.
It should also be indicated:
Assessment criteria used.
This will be included for the previous year. In the case of intermediate financial statements, the preceding period shall be provided.
Main variations in terms of the minimum amount payable in respect of the previous year.
In case of membership of a consolidated group of insurance institutions, indication of the minimum amount of the consolidated solvency margin and the uncommitted consolidated equity.
In the event of a deficit, circumstances that the entity considers to have originated and measures taken or to be taken to remedy that situation.
Changes in the allocation of solvency margin items from life to non-life activity and/or vice versa.
ANNEX III
SUMMARY OF THE MEMORY TO BE PUBLISHED BY THE BUSINESS STATE PUBLIC SECTOR CREDIT INSTITUTIONS
Memory Summary (5)
(5) In cases where the information requested is not significant, the corresponding sections will not be completed.
At least one report will be reported:
1. Accounting criteria
Summary of the most significant accounting criteria, giving at least the following information:
(a) Bases for the submission of annual accounts, stating clearly that the annual accounts have been formulated in accordance with the public financial information rules of Circular 4/2004;
b) Use of judgments and estimates in the preparation of financial statements;
c) Foreign currency operations;
d) Revenue recognition;
(e) Financial instruments, with a breakdown of the various portfolios of financial assets and financial liabilities;
f) Credit risk hedges and method used for their calculation;
g) Accounting coverages and risk mitigation;
h) Financial asset transfer operations;
i) Material assets;
j) Stocks;
k) Trade fund and other intangible assets;
l) Leases;
m) Non-current assets for sale;
n) Staff expenses;
o) Remuneration to staff based on capital instruments;
p) Other provisions and contingencies;
q) Commissions;
r) Material and intangible asset swaps;
s) Insurance Contracts;
t) Benefits tax;
u) Off-balance sheet client resources (investment funds, pension funds, managed assets, etc.), and
v) Other accounting criteria.
2. Changes in accounting criteria
When a change in accounting criteria takes effect in the current financial year or in any previous year, the entity shall report on the nature and reasons for the change.
3. Facts after the balance sheet date
The entity shall report on the events occurring after the closure of the financial statements that may affect the implementation of the business scenario in operation.
4. Errors and changes in accounting estimates
When the entity fixes an error corresponding to one or more previous exercises, it will report the nature of the error and the correction made.
The entity shall indicate the nature and amount of any change in an accounting estimate that affects the current financial year or is expected to affect future financial years.
5. Financial instruments
5.1) Credit Risk. -For each financial instrument class, the exposure to credit risk shall be reported, including:
(a) The amount that best represents the highest level of credit risk exposure on the date referred to in the financial statements without deducting the collateral or the credit enhancements received to ensure the compliance.
b) A description of the collateral or credit enhancements related to exposure to credit risk, including for both:
i. Policies and procedures for managing and valuing them.
ii. A description of its main types.
iii. The main counterparties and their credit quality.
iv. Risk concentrations in relation to these types of collateral or credit enhancements.
5.2) Risk of Liquidity. -Financial liabilities shall be classified by maturity, taking as a reference the periods remaining between the date referred to in the financial statements and the contractual date of their expiration.
The entity will perform a description of how it manages the liquidity risk. If it does so on the basis of the expected maturity of the financial instruments, it shall include an expected maturity analysis of the financial assets and liabilities and report on how it carries out these estimates and the main reasons for the differences with contractual deadlines.
5.3) Market risk.
1. The institution shall include a sensitivity analysis for each type of market risk to which it is exposed on the date referred to in the financial statements, showing how the net worth and profit and loss account would be affected, for the reasonably possible changes in each relevant risk variable (exchange rate, interest rate or other variables, such as prices of capital instruments and listed commodities) if they had been applied to the risk exposures to that date. When disclosing the information on sensitivity to the different risk variables, it shall indicate the methods and assumptions which have been used as a basis for preparing the information and shall inform the information of any changes in the information concerning the risk variables. previous exercise and the reasons for such changes.
When sensitivity analysis is at risk of change, a breakdown shall be made for each currency in which the entity has significant exposure.
2. If the institution prepares a sensitivity analysis, such as the value at risk, that reflects the interdependencies between risk variables and uses it to manage financial risks, it may disclose this analysis rather than the one in the previous paragraph. In this case, you must also disclose:
a) An explanation of the method used to prepare this sensitivity analysis, including information about all the relevant assumptions and parameters that have been handled, such as the confidence interval and the time horizons used.
b) An explanation of the objective of the method used, as well as the limitations of the method that could make the information not fully reflect the fair value of the financial assets and liabilities involved.
c) A description of the financial instruments whose market risk is managed using this analysis.
5.4) Risk concentrations. -The institution shall provide information on the risk concentrations of financial instruments with similar characteristics and may be similarly affected by changes economic or otherwise.
5.5) Reasonable value. -The entity shall disclose the fair value of each portfolio of financial assets and liabilities compared, as well as the fair value of the financial assets, indicating whether it is determined on the basis of active markets or through valuation techniques.
In the case of assets available for sale, the amount of any recognised gain or loss in net worth during the financial year and the amount that has been transferred from equity to the account of the profit and loss.
The effect on the profit and loss account produced by changes in fair value will be indicated.
5.6) Coverage activities. -A ratio of derivative classes to be provided, indicating, for each class, whether they have purpose of coverage or not. If yes, it shall be reported separately for fair value hedges, cash flows (or net investment abroad.)
5.7) Reclassifications.-The amount of reclassifications that have taken place between the different portfolios as provided for in the second rule, and the justification for such reclassifications, shall be provided, as well as changes in valuation criteria for equity instruments or derivatives on equity instruments from cost to fair value, and vice versa.
5.8) Asset transfers. -When the entity has transferred financial assets in such a way that part or all of the financial assets are not debased, the entity shall disclose for each class of those assets financial:
a) The nature of assets
b) The nature of the risks and benefits to which the entity remains exposed.
c) When the entity continues to fully recognize the assets, the book value of the assets and the associated liabilities.
(d) When the entity continues to recognise assets in the measure of its continued commitment, the book value of the original assets, the amount of the assets that the institution continues to recognise and the book value of the assets. associated liabilities.
6. Tangible assets and intangible assets
The entity will provide the following information: Regarding the material asset will be reported on:
Amortization methods, useful lives, and amortization percentages used.
Analysis of movement during the exercise of items of material and intangible assets, and their corresponding accumulated write-downs and cumulative amount of impairment losses, indicating:
Initial balance.
Investments or additions made.
Non-current assets classified as for sale and other enajenations or provisions by other means or transfers.
Redemptions.
Amount of impairment losses as well as those that have been reversed during the financial year.
Net Change Differences.
Other moves.
7. Other provisions, contingent liabilities and credit commitments
7.1) Other provisions. -The entity shall provide a brief description for each of the provisions constituted, of the nature of the assumed obligation, of the estimates and calculation procedures applied for the valuation of the corresponding amounts.
7.2) Contingent liabilities and contingent assets. The entity shall perform, for each type of asset and contingent liability, a brief description of its nature, foreseeable evolution and factors on which it depends.
7.3) Credit commitments. -The entity will distinguish between the immediate availability credit commitments of those whose availability is conditional upon the occurrence of future events.
8. Foreign currency transactions
The entity will point to:
The overall amount of the assets and liabilities denominated in foreign currency, expressed in the currency of presentation, including a breakdown by items of the assets and liabilities classified in the currencies plus significant.
The valuation method used to calculate the conversion of such assets and liabilities and the exchange rates applied shall also be indicated.
The amount of change differences recognized in the profit and loss account, except those included in the portfolio of financial assets and liabilities at fair value with changes in profit and loss.
When the functional currency is different from the euro, that fact must be revealed, along with information regarding the functional currency.
9. Leases
The entity shall report on the amount of the leasing transactions broken down between the corresponding balance sheet items, together with a general description of the most significant terms of the contracts, indicating, in addition, contingent payments or charges.
The entity will provide an overview of the most significant operating lease terms conditions.
10. Non-current assets for sale
The entity shall provide a classification of the non-current assets for sale and the assets and liabilities of the disposition groups, separately from the remaining assets and liabilities.
11. Insurance contracts
The entity shall explain the amounts collected in the financial statements resulting from the insurance contracts as well as the amounts, instalments and uncertainty of future payments and charges arising from such contracts.
12. Tax on profits
The entity will disclose the main components of the expense or income tax income separately by reporting, in addition to:
The total amount of income and income tax income recorded directly against net worth, with a breakdown of profit tax related to each item of income statement and expenses recognized.
A numerical reconciliation between expense or income tax revenue and accounting result.
The amount or time of positive temporary differences, negative taxable bases, or credits for non-recorded fee deductions
ANNEX IV
SUMMARY OF MEMORY TO BE PUBLISHED BY FOUNDATIONAL STATE PUBLIC SECTOR ENTITIES
Memory Summary (6)
(6) Entities that present abbreviated models will only fill in those sections of the Summary of Memory that appear in their abbreviated memory.
Reported (7), at least, about:
(7) In cases where the information requested is not significant, the corresponding sections will not be completed.
1. Entity Activity
This section describes the purposes of the entity and the activity or activities to which it is engaged, carrying out a specific description of the activity or activities of the institution or its own, informing, among other aspects, about the users or beneficiaries of the same.
2. Basis for the presentation of annual accounts:
1. True image:
(a) The entity shall make an explicit statement that the annual accounts reflect the fair value of the assets, the financial situation and the results of the entity.
(b) Exceptional reasons why, in order to show the true image, no legal provisions have been applied in accounting matters, with an indication of the non-applied legal provision, and qualitative and quantitative influence for each the financial year for which information is presented, such as the assets, financial situation and the results of the institution.
c) Complementary information, indicating its location in memory, that it is necessary to include when the application of the legal provisions is not sufficient to show the true image.
2. Non-mandatory accounting principles applied.
3. Critical aspects of the assessment and estimation of uncertainty.
(a) Without prejudice to the above in each specific note, this section will report on the key assumptions about the future as well as other relevant data on the estimate of the uncertainty at the closing date of the exercise, provided that they are associated with an important risk that may lead to significant changes in the value of assets or liabilities in the following financial year. For such assets and liabilities, information on their nature and book value shall be included on the closing date.
(b) The nature and amount of any change in an accounting estimate that is significant and which affects the current financial year or which is expected to affect future financial years shall be indicated. When it is impractical to estimate the effect in future exercises, this fact will be revealed.
(c) When the employer is aware of the existence of significant uncertainties, relating to events or conditions that may provide significant doubt as to whether the entity is still normally managed, proceed to reveal them in this section. In the event that the annual accounts are not drawn up under the principle of operating entity, such an event shall be the subject of explicit disclosure, together with the alternative scenarios on which they have been drawn up, as well as the reasons why the entity cannot be considered as a functioning entity.
4. Comparison of the information. -Without prejudice to the following paragraphs regarding changes in accounting criteria and error correction, the following information will be incorporated in this section:
(a) Exceptional reasons justifying the modification of the balance sheet structure and the profit or loss account of the previous year.
b) Explanation of the causes that prevent the comparison of the annual accounts of the year with those of the previous one.
(c) Explanation of the adjustment of the amounts of the preceding financial year to facilitate the comparison and, if not, the exceptional reasons which have rendered the reexpression of the comparative figures impracticable.
5. Pool of items.-The breakdown of the items that have been the subject of the balance sheet and the profit or loss account shall be reported.
It will not be necessary to present the above information if this disaggregation is contained in other sections of the memory.
6. Items collected under various items. -Identification of the assets, with their amount, that are recorded in two or more items in the balance sheet, with an indication of the balance sheet items and the amount included in each item.
7. Changes in accounting criteria. -Detailed explanation of adjustments for changes in accounting criteria made in the financial year. In particular, information should be provided on:
a) Nature and description of the change produced and the reasons why the change allows for more reliable and relevant information.
(b) Amount of correction for each of the items corresponding to the documents in the annual accounts, affected in each of the financial years presented for comparative purposes, and
(c) If the retroactive application is impracticable, the circumstances that explain it and from when the change in the accounting criterion has been applied shall be reported.
When the change of criteria is due to the application of a new standard, it will be indicated and the provisions of the new standard will be indicated, informing of its effect on future exercises.
It will not be necessary to include comparative information in this section.
8. Correction of errors. -Detailed explanation of the adjustments for correction of errors made in the financial year. In particular, information should be provided on:
a) Nature of the error and the exercise or exercises in which it occurred.
(b) Amount of the correction for each of the items corresponding to the documents that make up the annual accounts concerned in each of the financial years presented for comparative purposes
andc) If the retroactive application is impracticable, the circumstances that explain it and from when the error has been corrected will be reported.
It will not be necessary to include comparative information in this section.
3. Surplus for the year
1. Analysis of the main items that form the surplus of the year, reporting on the significant aspects of the exercise.
2. Information on the proposal for the implementation of the exercise surplus, according to the following scheme:
| Supporting Base | Amount |
|---|---|
|
of the account results |
|
| Remainer |
|
|
| |
| Table_table_izq"> Other Free Available Reservations |
|
|
Total |
|
| Application | Amount |
| A foundational endowment/social fund |
|
| To Special Reservations |
|
| voluntary reservations |
|
|
reservations by trade funds |
|
|
A.. |
|
| To Previous Exercise Loss Compensation |
|
| Total |
|
4. Valuation rules
The accounting criteria applied for the following items shall be indicated:
1. Intangible fixed assets; indicating the criteria used for capitalisation or activation, amortisation and valuation corrections for impairment.
Justification of the circumstances that have led to the indefinite qualification of the useful life of an intangible fixed asset.
In particular, the valuation criterion followed to calculate the recoverable value of the goodwill, as well as the rest of intangible fixed assets with indefinite shelf life, should be specified in detail.
2. Property belonging to the Historical Heritage; indicating the criteria on valuation, valuation corrections for deterioration and reversal of the same, accounting of costs that assume greater value of the same as well as the criteria on the determination of the cost of the work carried out by the entity for the property belonging to the Historical Heritage.
3. Tangible fixed assets, indicating the criteria for depreciation, valuation corrections for deterioration and reversal of depreciation, capitalisation of financial expenses, enlargement costs, modernisation and improvements, decommissioning or withdrawal costs, as well as the costs of rehabilitation of the place where an asset is settled, and the criteria for determining the cost of the work carried out by the institution for its fixed assets.
4. The criterion for qualifying land and buildings as real estate investments shall be indicated, specifying for these criteria the criteria set out in the previous paragraph.
5. Leases; indicating the criteria for accounting for leasing contracts and other similar operations.
6. Permutas; indicating the criterion followed and the justification for its application; in particular, the circumstances which have led to the qualification of a commercial permuse.
7. Financial instruments; shall be indicated:
(a) Criteria used for the rating and valuation of the different categories of financial assets and financial liabilities, as well as for the recognition of fair value changes.
(b) The nature of the financial assets and financial liabilities initially designated as at fair value with changes in the profit and loss account, as well as the criteria applied in that designation and an explanation of how the institution has complied with the requirements set out in the registration and valuation rule relating to financial instruments of the PGC 2007.
(c) The criteria applied to determine the existence of objective evidence of deterioration, as well as the recording of the correction of value and its reversal and the definitive discharge of impaired financial assets. In particular, the criteria used to calculate the valuation corrections relating to non-activity claims and other receivables shall be highlighted. The accounting criteria applied to financial assets whose conditions have been renegotiated and which otherwise would be due or impaired shall also be indicated.
d) Criteria used for the registration of financial assets and financial liabilities.
(e) Hybrid financial instruments; indicating the criteria that have been followed to assess separately the instruments that integrate them, on the basis of their economic characteristics and risks or, where appropriate, the the impossibility of such separation. In addition, the valuation criteria followed with particular reference to impairment valuation corrections shall be detailed.
(f) Compound financial instruments; the valuation criterion followed for quantifying the component of these instruments to be classified as financial liability shall be indicated.
g) Financial collateral contracts; indicating the criterion followed in both the initial and subsequent valuation.
h) Investments in group, multi-group and associated entities; the criterion followed in the valuation of these investments, as well as the one applied to record impairment valuation corrections, shall be reported.
i) The criteria used in determining the income or expenses arising from the various categories of financial instruments: interest, premiums or discounts, dividends, etc.
8. Accounting hedges; indicating the valuation criteria applied by the institution in its hedging operations, distinguishing between fair value hedges and cash flows, as well as the valuation criteria applied for the recording of the accounting effects of their interruption and the reasons for the interruption.
9. Stocks; indicating the valuation criteria and, in particular, specifying those followed by valuation corrections for deterioration and capitalization of financial expenses.
10. Foreign currency transactions; indicating:
a) Criteria for valuation of foreign currency transactions and criteria for imputation of exchange differences.
(b) For the items contained in the annual accounts which at present or at their origin have been expressed in foreign currency, the procedure used to calculate the exchange rate shall be indicated in euro.
11. Profit taxes; indicating the criteria used for the registration and valuation of deferred tax assets and liabilities.
12. Revenue and expenditure; indicating the general criteria applied. In particular, where the commercial activity includes services provided by the foundation, the criteria used for the determination of the revenue shall be indicated; in particular, the methods used for the purposes of the determine the percentage of performance in the provision of services and shall be reported if its application has been impracticable.
13. Provisions and contingencies; indicating the criterion of valuation, as well as, where appropriate, the treatment of compensation to be received from a third party at the time of the settlement of the obligation. In particular, a general description of the method of estimation and calculation of each of the risks shall be given in relation to the provisions.
14. Heritage elements of an environmental nature, indicating:
(a) Criteria for valuation, as well as for imputation to the results of the amounts intended for environmental purposes. In particular, the criterion used to consider these amounts as expenditure for the year or as the higher value of the corresponding asset shall be indicated.
(b) Description of the estimation method and calculation of provisions arising from the environmental impact.
15. Criteria used for the recording and valuation of staff expenditure, in particular, for pension commitments.
16. Grants, donations and legacies; indicating the criteria used for their classification and, where applicable, their imputation to results.
17. Business combinations; indicating the criteria for employee registration and valuation.
18. Joint ventures; indicating the criteria followed by the company to integrate in its annual accounts the balances corresponding to the joint business in which it participates.
19. Criteria used in related party transactions.
20. Non-current assets held for sale; the following criteria shall be indicated for qualifying and valuing such assets or groups of items as held for sale, including the associated liabilities.
21. Interrupted operations; criteria for identifying and qualifying an activity as interrupted, as well as the revenue and expenses that originate.
5. Property of Historical Heritage
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative impairment valuation corrections; indicating the following:
a) Initial save.
b) Entries or envelopes, specifying those received for non-cash contributions to the social fund, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Augments/decreases by transfers or transfers of other items.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
6. Other tangible fixed assets
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:
a) Initial save.
(b) Inputs or endowments, specifying acquisitions made by business combinations and non-cash contributions to the social fund, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfers of other items; in particular to non-current assets held for sale or discontinued operations.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
7. Real estate investments
Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:
a) Initial save.
(b) Inputs or endowments, specifying acquisitions made by business combinations and non-cash contributions to the social fund, as well as those due to extensions or improvements.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfers of other items; in particular to non-current assets held for sale or discontinued operations.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
8. Intangible fixed assets
Analysis of the movement during the exercise of each balance sheet item included in this item and its corresponding accumulated write-downs and cumulative value impairment adjustments; next:
a) Initial save.
b) Inputs or endowments, specifying internally generated assets and those acquired through business combinations and non-cash contributions.
c) Reversion of Impairment Valuation corrections.
d) Increases/decreases by transfers or transfer of another item, in particular to non-current assets held for sale.
e) Outputs, casualties, or reductions.
(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.
g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.
h) End save.
9. Financial instruments
1. Categories of financial assets and financial liabilities. -The value in books of each of the categories of financial assets and financial liabilities identified in the standard of record and valuation novena shall be disclosed, in accordance with the following structure.
1.1) Financial assets, except investments in the assets of group, multi-group and associated entities.
| Classes | Total | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long Term Financial Instruments | Short-Term Financial | ||||||||||||||||||
|
Instruments | Debt Representative Values | Derived Credits Other | Heritage Instruments | Debt Representative Values | Derivatives Other | ||||||||||||||
| Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | ||||||
| Assets at fair value with change in results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
| -Maintained to negotiate. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
-Other. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
held to maturity. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
and Items to Charge. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
assets available for the selling: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
| -Valued at cost. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
| TOTAL |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||
b) Financial liabilities.
| Classes | Total | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long Term Financial Instruments | Short-Term Financial | |||||||||||||
|
Debts with credit entities | Obligations and other negotiable values | Other Derivatives | Debts with credit entities | Obligations and other negotiable values | Other Derivatives | |||||||||
|
| Ej x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej. x | Ej x-1 | Ej x | |
| Debts and Items to Pay. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Passive to fair value with change in results: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-Maintained to negotiate. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
-Other. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
2. Entities in the group, multigroup, and associated. -Detailed information about group, multigroup, and associated entities, including:
Denomination, domicile, and legal form of the group, multigroup, and associated entities, specifying for each:
Activities that they exercise.
-Capital Fraction and voting rights held directly and indirectly, distinguishing between both.
-Amount of capital, reserves, other items of net worth and result of the last financial year resulting from the criteria included in the Trade Code and its implementing rules, differentiating the result of operating and breaking down the continued operations and the interrupted operations, in case the group entity is required to give this information in its individual annual accounts.
Value according to books of capital participation.
Dividends received in the year.
Indication of whether or not the shares are listed on the Stock Exchange and, where applicable, the average price of the last quarter of the year and the closing of the financial year.
3. Any other substantive circumstances affecting financial assets such as: litigation, liens, etc.
10. Own funds
Reports on:
a) Contributions to the social fund carried out in the financial year, distinguishing the cash from non-cash. Also, where appropriate, the outstanding disbursements as well as the date of enforceability shall be indicated for each contribution. This same information will be required for other contributions from founders and associates.
b) Specific considerations affecting reservations
11. Provisions
Analysis of movement during the exercise of each balance sheet item included in the provisions of provisions, indicating:
Initial balance.
Envelopes.
Applications.
Other adjustments made (business combinations, etc.).
Final Balance.
It will not be necessary to include comparative information in this section.
12. Grants, donations and legacies received
Reports on:
1. The amount and characteristics of the grants, donations and legacies received that appear on the balance sheet, as well as those charged in the income statement.
2. Analysis of the movement of the contents of the corresponding subpool of the balance sheet, indicating the initial and final balance as well as the increases and decreases. In particular, the amounts received and, where appropriate, returned shall be reported.
3. Information on the origin of the grants, donations and legacies, indicating, for the first, the public Ente that grants them, specifying whether the grant of the same is the local, regional, state or international administration.
4. Information on whether or not the conditions associated with grants, donations and legacies are met.
13. Application of the heritage elements for their own purposes
The goods and rights that form part of the endowment or social fund, and those directly related to the fulfillment of their own ends, detailing the significant elements included in the various headings of the Balance Asset.
The income and income destination referred to in Law 50/2002, of December 26, of Foundations, reporting on the fulfillment of the income and income destination and the limits to which it is obliged, according to the criteria set out in their specific regulations and according to the model attached:
| Exercise | Computers Gross Revenue (1) | Computables Required (2) | Taxes (3) | Difference (4) = (1)-(2)-(3) | Amount destined for own | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total (5) | Exercise in exercise | |||||||||
|
|
|
|
|
| Amount | % | n-3 | n-2 | n-1 | n |
|
|
|
|
|
|
|
|
|
|
| |
| n-2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||
|
n |
|
|
|
|
|
|
|
|
|
|
| Exercise | Administration Expenses | Amount for foundational | |||||
|---|---|---|---|---|---|---|---|
| Total | Exercise in exercise | ||||||
| Amount | Amount | n-3 | n-2 | n-1 | n | ||
| n-3 |
|
|
|
|
|
| |
|
|
|
|
|
|
| ||
| n-1 |
|
|
|
|
|
| |
|
|
|
|
|
|
| ||
(n): Exercise to which annual accounts refer.
(5) Amount intended by the institution for its own purposes up to the financial year to which the annual accounts correspond, indicating the percentage representing this amount in respect of the difference reflecting the column (4).
If an entity is not required to make the above information, it will adapt this model to the specific characteristics of the information, in order to provide information on the income and income destination.
A detailed explanation of those significant items contained in the table above that are affected to the specific purpose shall be included.
14. Post-closure events
The entity will report:
1. Subsequent events which show circumstances which already existed at the end of the financial year which did not, in accordance with their nature, include an adjustment in the figures contained in the annual accounts, but the information contained in the memory must be modified according to that subsequent fact.
2. Subsequent events showing conditions which did not exist at the close of the financial year and which are of such importance that, if no information is provided, could affect the assessment capacity of the users of the annual accounts. In particular, the subsequent event shall be described and the estimation of its effects shall be included. Where it is not possible to estimate the effects of the said fact, an express expression shall be included on this point, together with the reasons and conditions which cause such an impossibility of estimation.
15. Other information
Information about:
The average number of persons employed in the course of the financial year, expressed by category.
The gender distribution at the end of the institution's staff exercise, broken down into a sufficient number of categories and levels, including those of managers and members of the Board.
16. Information on the settlement of the budget
The settlement of the revenue and expenditure budget and the distribution by programmes of the settlement of the reporting budget shall be drawn up in accordance with the models and criteria contained in the Rules of Procedure. Budgetary information of non-profit-making entities for the normal model. Details of the causes of the deviations produced and the achievement of the objectives envisaged by the entity shall be reported.
