Order Eco/3614/2003, Of December 16, By Which Approve The Standards On The Accounting Aspects Of The Cooperative Societies.

Original Language Title: ORDEN ECO/3614/2003, de 16 de diciembre, por la que se aprueban las normas sobre los aspectos contables de las Sociedades Cooperativas.

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The article eight of law 19/1989, of 25 July, partial reform and adaptation of the commercial law to the directives of the European economic community in company, and the first of the text of the Corporations Act disposal approved by Royal Legislative Decree 1564 / 1989, of December 22, authorizes the Government to approve the Plan of accounts.


Likewise, the third of the Royal Decree 1643 final disposition / 1990 of 20 December, which approves the Plan of accounts, provides for the approval by the Minister of economy and finance, on the proposal of the Institute of accountancy and audit of accounts, and by ministerial order, the adaptation of the rules of assessment and preparation of the annual accounts of the accounting subject specific conditions.


In this respect it should be noted that in accordance with article 4 of Royal Decree 557/2000, 27 April, restructuring of government ministries, until now powers conferred in this matter to the Minister of economy and finance, correspond to the Minister of the economy.


For this purpose, under cover of the provisions of article 61.1 of the State Law 27/1999 of 16 July, cooperatives, which establishes that the cooperatives must keep accounts orderly and appropriate to their activity pursuant to the provisions of the code of Commerce and accounting regulations, with the peculiarities contained in the Act and regulations that develop it as well as provisions of the respective autonomous laws of cooperatives, a working group was constituted in the bosom of the Institute of accountancy and audit of accounts to fit the chart of accounts to the specific characteristics and the nature of the operations and activities of these societies.


All this, in any case, on the basis of exclusive competences in the field of commercial law attributable to the State under article 149.1.6. of the Spanish Constitution, without prejudice to meet and contemplated in the rules that now are approved, the peculiarities that have collected various laws of the autonomous, under the powers assumed by the autonomous communities in their respective statutes of autonomy of cooperative with incidence in the accounting field, , but always respecting the trade legislation, which are continuous references in the articles of those provisions.


The above considerations allow to affirm that the present standards dictated pursuant to the authorization contained in the third final provision of the Royal Decree on approval of the Plan of accounts, and which are intended to adapt the rules of valuation and preparation of the annual accounts to the peculiarities of cooperative societies, are mandatory regardless of where to develop your main activity and regional regulations to which they are subject.


The first paragraph of the order approves rules on the accounting aspects of the cooperative societies which are detailed later.


In the second section is delimited the scope of application. In this sense, establishing compulsory for all cooperatives of the rules governing the accounting aspects of these societies, indicating that, at all not regulated therein, shall apply the General Accounting Plan approved by Royal Decree 1643 / 1990, of 20 December, the sectoral adaptations made pursuant to the first final provision of the Royal Decree of approval of the Plan and which have their origin in the nature of the activities of sectors concrete, as well as the resolutions issued by the Institute of accountancy and audit of accounts pursuant to the fifth final provision of this Royal Decree.


It should be specified that any regulation that joins these rules, complemented, modified or adapted regulated in the General Accounting Plan, so unless modified strictly, applies in its entirety this Plan.


Another aspect that has been necessary to collect specifically in the field of application is the cooperative societies that perform financial activities, mainly credit unions and cooperatives of insurance, which shall apply the specific accounting regulations established for this type of entities, so these rules only will be enforcement in the unregulated expressly in those.


The order contains an additional provision of Habilitation, as a consequence of the structure chosen for the adoption of these accounting rules that differs from the one established in the chart of accounts.


Therefore, in order to facilitate its application, mentioned additional provision empowers the Institute of accountancy and audit of accounts, to approve, by a resolution, a consolidated text of the mentioned Plan adapted to the specific conditions of the cooperative societies, for which must logically take into account the specific regulation which is approved by this Ministerial order.


The order also includes a repeal provision of the rules of equal or lower rank which opposes the established therein, as well as a final disposition that collects the date of entry into force.


The rules on the accounting aspects of the cooperative societies are structured in five chapters. The first chapter aims to delimit the own funds of the cooperative societies and consists of five standards in which, after a general definition of the own funds of this type of companies, outlined the particularities of the various concepts that form them.


The criteria for this classification took into account a prior analysis of the aspects, both legal and economic, of the different concepts in the laws of cooperatives, which in principle could be regarded as equity. In line with this reasoning, contributions to title of "Temporary Capital" provided for in certain laws, despite its name, as long as they are conditioned to a certain duration have been qualified as a debt to certain characteristics on which there will be information in memory. On the contrary, the fifth standard regulates certain funds subordinate due in the liquidation of the cooperative, as these items, such as equity in the cooperative society, taking care that it is a form of financing which remains in the cooperative until the approval of its liquidation, and that in terms of priority of credits is placed behind all common creditors.


The accounting aspects of the Fund of obligatory reserve and the refund Fund or update are also regulated in the chapter on equity in a norm expressly dedicated to the specific reserve funds of cooperative societies. On the contrary, in these rules, no accounting rules applicable to the voluntary reserve funds of equitably and irrepartible nature referred to in the legislation on cooperatives, to understand that the nature of these funds does not require an accounting treatment different to that established in the chart of accounts has been developed.


The second chapter is intended to the delimitation of the accounting nature of Education Fund, training and promotion, specific aspect of cooperative societies. The particularities that presents its Endowment and the different qualification which receives this Fund in the various laws of cooperatives, has considered that the best solution for posting is to create a new grouping called "Fund of education, training and promotion" liabilities of the balance which will be located immediately after the grouping of "Deferred income" which facilitates the analysis of the annual accounts by potential users.


Without limiting the foregoing, the endowment of the Fund will be incorporated as an expense, in a group independent of the account of profit and loss, using for this purpose an account opened in the subgroup 65 of the chart of accounts. At the same time, the 13 plan sub-group will be renamed "Specific financing and income funds" to deferred and will add an account for the registration of the Fund of education, training and promotion. Subsidies, grants and fines aimed at the bottom will be recorded as an income independent of the income statement online and will be added to the endowment of the Fund by increasing the corresponding expenditure account. This registration form allows to identify on account of losses and profits, a result of comparable l'exercice to other economic units and other so-called "cooperative over" affected by certain items that only occur in cooperatives.


Funds, regulated in different laws of cooperatives, incorporated into the third chapter of the regulations, will be recorded, where appropriate, on specific accounts created for this purpose in the subgroups 15 and 50 and will be integrated into the balance sheet liabilities forming part of the groups "Long-term creditors" or "Creditor short-term" depending on its maturity.


Moreover, the rules of the fourth chapter focuses on account of losses and profits from cooperative societies to regulate the accounting specifics that affect to the determination of the result of the exercise and its distribution, as well as different concepts of spending and income derived from operations carried out with the members of the cooperative and compensation to social capital.



For the purposes of determining the outcome of the exercise and the development of cooperative societies profit and loss account, apply mandatory principles and standards contained in the first, fourth and fifth part of the chart of accounts, without prejudice to the specific rules contained in the regulations.


In any case, so that the annual accounts of cooperative societies reflect the true picture of heritage, the financial situation and results of the company, rules ninth, tenth and eleventh on the ledger of income and expenses result of operations with partners, demand that you take into account the true nature of the operation according to their economic substance.


For its part, dedicated to the distribution of results standard has two sections to reflect in the annual accounts of the application of profits and losses, respectively, co-operative societies.


The posting of what is possibly one of the most unique aspects of cooperatives is regulated in the thirteenth rule: pay equity and, where appropriate, to other items of own funds, recognized in the laws of cooperatives.


The remuneration of the contributions, in accordance with the provisions of article 48 of the law 27/1999 of 16 July, cooperatives, must be individualized in the account of profit and loss, so that you can meet specifically their impact on the result of the cooperative. At the same time, the distribution of remuneration of contributions to the prior existence of positive results in the fiscal year, circumstance or conditioning which recurs in different regional laws of cooperatives, is not common to all of them is conditioned in this article.


Synthetically, the register of remunerations of the contributions to the capital or other specific own funds of cooperatives, will be reflected in the following way: If there is prior benefit, and to the extent of this, is considered an expense, with nature, of the cooperative.


If there is no previous benefit or remuneration exceeds the amount, the only way to give coherence to such remuneration is to qualify it as a lower own co-operative background, well diminishing reserves, well ahead of expenses on future benefits, this last very similar appearance to the treatment provided for dividends on account of commercial companies.


In the fifth chapter of the regulations regulates the information that cooperatives should be incorporated into the normal and short models of the notes on the accounts. The objective of the report is complete, enlarge and comment on the information contained in the balance sheet and on the account of profit and loss, in such a way that it has opted to add to the information requested in memory models established in the General Accounting Plan other information which was considered necessary for the comprehension of the annual accounts submitted by cooperative societies , in order that those reflect the true image heritage, the financial situation and the results of the cooperative society.


To this end, the number of sections of normal and short memory models has expanded to include information about the separation of items from the account of losses and gains for the determination of the different results, the separation section, Education Fund, training and promotion, operations with partners and the temporary "capital". Likewise, new wording has given to the section on distribution of outcomes, which has been referred to as interests of capital and distribution of results, and the of own funds, including this last as a new paragraph in the model abbreviated instead of the paragraph relating to the share capital.


As in the rest of the rules, in this chapter, dedicated to providing specific information on cooperative models of memory, they have tried to meet the requirements of State law and all regional laws of cooperatives, so depending on the geographical area in which each cooperative operates may arise where information requested generally is not significant and therefore it is not necessary to fill in the corresponding points.


Annexed to these rules on accounting aspects of cooperative societies, are presented to the balance and the account of profit and loss, in their abbreviated, and normal models that make up the annual accounts together with the memory.


By virtue, according to the Council of State, and on the proposal of the Institute of accountancy and audit of accounts, this Ministerial order is given: first. Approval-approved standards on the accounting aspects of the cooperative societies, whose text is then inserted.


Second. Application-1 the present rules will be mandatory for cooperative societies.


In all the non-modified specifically in these rules, shall apply the General Accounting Plan, in the terms laid down in the Royal Decree 1643 / 1990, of 20 December, as well as the sectoral adaptations and the resolutions of the Institute of accountancy and audit of accounts, adopted under the aegis of the final provisions first and fifth, respectively, of the Royal Decree.


2. However, cooperative financial institutions, shall be governed by the specific accounting provisions that applicable, still these rules apply only in matters not provided for in those.


Sole additional provision. Habilitation.


To facilitate the application of these rules, the Institute of accountancy and audit of accounts approved, by resolution, a text presenting Accounting Plan adapted to the specific conditions of the cooperative societies, to which will have to take into account the approved specific regulation and inserted in the present order of recast form.


Sole repeal provision. Repeal legislation.


The rules of equal or lower rank which opposes to this Ministerial order are hereby repealed.


Sole final provision. Entry into force.


This order shall apply to the financial periods started on January 1, 2004.


What they communicate to VV.II. for their knowledge and effects.


Madrid, 16 December 2003.


DE RATO Y FIGAREDO Ilmos. Mr Subsecretario of Economics and President of the Institute of accountancy and audit of accounts.


RULES on the aspects accounting of LAS societies cooperatives introduction I rules on accounting aspects of cooperative societies have been elaborated by a group of experts that has developed his work in the bosom of the Institute of accountancy and audit of accounts.


In the course of the meetings have been studied different issues affecting the matter, delving into the most characteristic aspects of these entities and proposing, in each case, the accounting solutions that have been estimated to be more reasonable to comply with the conditions of cooperative societies.


The fact that these rules relate to adapting the rules of valuation and preparation of the annual accounts to the specific conditions of cooperative societies, allows to say that you it's open standards, whose innovation will depend on the evolution of cooperative societies, professionals and experts from its application tips , in particular, the development of the adaptation of the Spanish accounting law to the new European regulations.


In trying to delimit the scope of these rules arises the concurrence of two competence titles, which correspond to the relative competition to establish the legal regime of the cooperatives and the competence to approve the rules and accounting criteria applicable to these cooperatives is located within the commercial competition.


The autonomous communities have assumed in their respective statutes of autonomy of cooperative skills, but always respecting the mercantile legislation, since under article 149.1.6. ade the Spanish Constitution powers exclusive mercantile legislation are attributed to the State.


Thus, as set forth in article 2 of the State Law 27/1999 of 16 July, cooperatives, State is projected exclusively on institutions that develop their activity cooperativizada in Ceuta or Melilla or in several autonomous communities without nin guna of them main character. Thus, cooperatives that develop its activity primarily or exclusively in the territory of a single autonomous community, except in the autonomous cities of Ceuta and Melilla, they shall be subject to the rules of that being the way extra, except in the case of autonomous communities that lack of own and cooperative-specific standard, applicable state in which case , pursuant to article 149(3) of the Constitution, would be applicable state law 27/1999 of 16 July. All this, without prejudice to the specialty planned for credit unions, article 104 of the Act, in the wording given by article 54 of the Act 55/1999, of 29 December, on fiscal, administrative and social order.


The autonomous regulations on cooperatives has materialized so far in the following laws: law 2/1999 of 31 March of cooperative societies in Andalusia.



Law 9/1998, of December 22, cooperatives of Aragon.


Law 18/2002, of 5 July, of cooperatives of Catalonia.


Law 4/1993, 24 June, Euskadi cooperatives.


Law 2/1998, 26 March of cooperative societies of Extremadura.


Law 5/1998, 18 December, cooperatives in Galicia.


Law 4/1999 of 30 March, cooperatives of the community of Madrid.


Law Foral 12/1996, of 2 July, of cooperatives in Navarre.


Law 4/2001, of 2 July, cooperatives of La Rioja.


Law 4/2002, of 11 April, cooperatives of the community of Castilla y León.


Law 20/2002, of 14 November, cooperatives of the community of Castilla - La Mancha.


Law 8/2003, 24 March, cooperatives of the Valencian Community.


Law 1/2003, of 20 March, cooperatives of the Balearic Islands.


In the explanatory statement of these laws is designated the exclusive competence of the respective community to regulate cooperatives, while bearing in mind the State commercial law, which are continuous references in the articles of those provisions.


As indicated above, within the commercial competition is comprised the approval of the accounting rules, and is demonstrated in the fact that the basic accounting principles and standards are regulated in the code of Commerce, which is the basic commercial law norm, which refer to the regulations of various types of companies and in particular regional and State cooperative laws. In this sense the article 61.1 of the State law of cooperatives, establishes that cooperatives must keep accounts orderly and appropriate to your activity pursuant to the provisions of the code of Commerce and accounting regulations, with the peculiarities contained in this same law and regulations that develop it.


Bearing in mind the above, it should be noted that the development of accounting regulations is collected in the Royal Decree 1643 / 1990, of 20 December, which approves the General Accounting Plan, which includes express authorizations to issue accounting standards, which are also integrated in commercial law, in particular in the accounting law, which include pick-ups in its final provisions first third and fifth. In particular, the third final provision establishes that the Minister of economy and finance, on the proposal of the Institute of accounting and auditing and through ministerial order, can adapt the valuation rules and preparation of the annual accounts to the specific conditions of the accounting subject, circumstance that it serves as base for development that occurs below.


In this regard, we should point out that, in accordance with article 4 of Royal Decree 557/2000, 27 April, restructuring of government ministries, the competence in this matter, until now attributed to the Minister of economy and finance, correspond to the Minister of economy.


So, can conclude that the autonomous communities, by virtue of its exclusive competence title, will regulate the structure of cooperatives which develop their main activity in its territory, and may even establish peculiarities in terms of books that must be to reflect its operations; but the depiction of its accounting operations should be in accordance with the State regulations, which, under the qualifications contained in the Royal Decree 1643 / 1990, of 20 December, can be adapted to the peculiarities of each subject.


The above considerations allow to affirm that the present standards dictated pursuant to the authorization contained in the third final provision of the Royal Decree on approval of the Plan of accounts, and are designed to the adaptation of the rules of assessment and preparation of the annual accounts to the peculiarities of cooperative societies, they can be used by all regardless of where to develop your main activity and regional regulations to which they are subject. For these purposes, the fact of being applicable to all cooperatives has demanded to take into consideration all peculiarities, which with incidence in the accounting field, have picked up the different regional laws.


II to develop these standards, has started from a definition of cooperative that has been present as indicated by the International Cooperative Alliance, according to which a cooperative is "an autonomous association of persons United voluntarily to meet their needs and economic, social and cultural aspirations in common through a jointly owned and democratically controlled enterprise".


The statement on the cooperative identity of that Alliance, indicated that cooperatives are based on the values of self-help, self-responsibility, democracy, equality, equity and solidarity. Following the tradition of their founders, cooperative members make yours the ethical values of honesty, transparency, responsibility and social vocation.


These values of cooperatives are put into practice through the following principles: principle of voluntary and open membership: cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.


Principle of democratic governance by members: cooperatives are organizations managed democratically by the members, which actively participate in setting their policies and making decisions. The men and women elected to represent and manage cooperatives are accountable to members. In first degree cooperatives, members have equal rights (one Member, one vote) vote, and other grades are also organized in a democratic way.


Principle of economic participation of members: members contribute equitably to the capital of their co-operatives and manage it in a democratic way. At least part of that capital is usually the common property of the cooperative. Usually, members receive compensation, if any, limited equity delivered as a condition for membership. Members allocate surpluses all or any of the following purposes: developing their co-operative, possibly by setting up reserves, part of which would be at least irrepartibles; the benefit of the partners in proportion to their transactions with the cooperative; and supporting other activities approved by the partners.


Principle of autonomy and independence: cooperatives are autonomous organizations of self-help, managed by its partners. If they sign agreements with other organizations, including Governments, or if they get capital from external sources, do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.


Principle of education, training and information: cooperatives provide education and training to partners, elected representatives, managers and employees so they can contribute effectively to the development of their cooperatives. They inform the general public, especially young people and leaders of opinion, the nature and benefits of cooperation.


Principle of cooperation among cooperatives: cooperatives serve their members more effectively and strengthen the cooperatives working together through local, national, regional and international structures.


Principle of interest for the community: cooperatives work for the sustainable development of their communities through policies approved by their members.


To meet these characteristics, emerging standards on accounting aspects of cooperative societies which is structured in five chapters and incorporate an annex with the models of balance and account of profit and loss (documents that make up the annual accounts together with memory) adapted to the peculiarities of this type of companies.


The first chapter of the regulations aims to delimit the own funds of the cooperative societies and consists of five standards in which, after a general definition of the own funds of this type of companies, outlined the particularities of the various concepts that form them.


As the first batch of the own funds of the cooperative society is distinguished social capital corresponding to the capital subscribed in accordance with the law and is characterized, basically, by their nature of permanence, expressly established in article 47.2 of the law 27/1999 of 16 July, cooperatives, their involvement to the activities of the entity and by guaranty social creditors.


For the purposes of the accounting register of the contributions of capital develop a series of social capital-account subdivisionarias accounts, in which in accordance with the specific legislation of cooperatives (cooperatives laws), differs depending on the compulsory or voluntary nature of the contribution, as well as contributions made by collaborators and partners or supporting partners. This requires to specify that you for cases such as the provisions of article 28 of the law 4/1999 of 30 March, cooperatives of the community of Madrid, in which a contributor may not have membership, the contribution made by this shall be recorded according to their nature.



Cooperative societies can reduce its capital by different causes that are regulated specifically in their laws, although from an accounting perspective discussed in particular the shape of log reductions due to the repayment of the contributions of partner that causes low. This type of reductions, even in the so-called regulated in paragraph 8 of article 45 of the law 27/1999 of 16 July, cooperatives, produce from the moment in which acquires firmness the formalization of the baja, the birth of a debt agreement, register in open qualifying accounts in subgroups 17 or 52 depending on the deadline paid-credited contributions of capital and any other game of own funds, as happens in the case of the partial distribution of the mandatory reserve fund, regulated in paragraph 3 of article 84 of the Act 2/1999 of 31 March, of Andalusian cooperative societies. In another case, any deduction that is carried out on the values to reimburse the partner that causes low, involving a result for society, will fall within reserves.


Finally, the capital of cooperatives standard incorporates the accounting regulation of figures, which called in the legal texts "temporary capital", they qualify as debt with specific characteristics, to be explained in the report. Such accounting qualification is a consequence of the criterion according to which when the agreement to reduce capital is taken, or this was created with an explicit return period, as in the case of these emissions, produced its qualification as a debt, to prevail the fact of its commitment to return. Thus, to regulate this figure in the articles 26.2 of the Act 4/1993, 24 June, Euskadi cooperatives; 20(2) of law 4/1999 of 30 March, cooperatives of the community of Madrid; Law 2/1998, 26 March of cooperative societies of Extremadura, 21.6 and 19.3 of the law 8/2003, 24 March, cooperatives of the Valencian Community.


The members of the cooperatives can also carry out other non-refundable contributions which, to the extent that they do not constitute consideration for the delivery of goods or services provided by the cooperative, qualify as equity although not part of the social capital; This is the case of the provisions of article 52 of the law 27/1999 of 16 July, cooperatives.


The addition to the balance of these contributions or non-refundable fees, requiring the cooperative members, shall be carried out under the heading "Reservations" case of entry fees or contributions aimed directly at increasing the reserve funds of the cooperative and under the heading "Results from prior years", provided that in the case of contributions required from members in order to compensate for total or partially the losses of the cooperative society.


The accounting aspects of the Fund of obligatory reserve and the refund Fund or update are regulated in the chapter on equity in a norm expressly dedicated to the specific reserve funds of cooperative societies. These reserves have the following characteristics: the obligatory reserve fund is a legal reserve imposed by the regulations applicable to cooperatives, which is typically be aimed at consolidation, guarantee and development of those and be irrepartible among its partners.


Article 58.1 of the law 27/1999 of 16 July, cooperative sets the obligation to allocate to this fund a percentage of reported surpluses for the determination of the cooperative outcome, once deducted losses of any nature of previous years and before consideration of the tax.


Additionally necessarily go to the mandatory reserve fund other concepts detailed in the various laws of cooperatives, which include: income of members fees, deductions on the mandatory contributions in the event of low's partners and the results of operations that are carried out under cooperative agreements regulated by article 79.3 of law 27/1999 , July 16, of cooperatives.


The refund Fund or update is a special reserve regulated in the laws of cooperatives of the autonomous communities of Andalusia, Madrid, Extremadura, Galicia, Valencia, Catalonia and Castile - La Mancha, which is to allow the updating of contributions to the social capital that is returned to the partners and outgoing, for the exclusive purpose of correcting the effects of inflation and that certain established percentages of available profits will be allocated.


The fact that cooperative societies can benefit from the laws of regularization of balances on the same terms and with the same benefits as the rest of companies under common law, has allowed that in certain cases the laws of cooperatives established the possibility to equip the refund Fund or update with charge available reserves of regularization.


In these rules, no accounting rules applicable to the voluntary reserve funds of equitably and irrepartible nature referred to in the legislation on cooperatives, to understand that the nature of these funds does not require an accounting treatment different to that established in the chart of accounts has been developed.


With regard to the reservations, article 44.12 Foral law 12/1996, of 2 July, cooperatives of Navarre set "capital grants received by the cooperatives will be irrepartibles, sitting directly to the heritage of these special reserves with reserves by grant name." In this regard, it should be noted that, in accordance with the provisions of the Plan of accounts, capital grants non-refundable must appear as "Deferred income" as liabilities of the balance sheet, so a possible interpretation of the reproduced precept would consist of, registered after the granting of the subsidy of capital as an entry to deferred What comes to be considered as heritage for the purposes of this Act — should provide the "reserve for subsidies" in each fiscal year, at least in the amount of that charged to the result. The game will be part of own funds. Ultimately, the annual accounts reflect the total amount of the grant, taking into account the tax effects.


The departure of "Returns to account" refers to possible profit-sharing advances and held since in the law of Catalonia, this split is included as minoradora of the equity on the balance model established in the regulations for deposit accounts in the register of cooperatives.


Last chapter of equity standard relates to the regulation of the accounting aspects of Fund subordinate due in the liquidation of the cooperative, whose accounting records must be made in the subgroup of "Capital and capitalized funds" and that has opened has the caption "Capitalized funds" within the grouping of "Own funds" of the balance sheet liabilities taking care that it is a form of financing which remains in the cooperative until the approval of its liquidation, and that in terms of priority of credits is placed behind all common creditors.


The second chapter is intended to the delimitation of the accounting nature of Education Fund, training and promotion, specific aspect of cooperative societies.


In General, the endowment of the Fund of education, training and promotion based on the positive outcome of the cooperative in the exercise, and incorporates also grants, donations and aid granted to the cooperative, as well as the sanctions imposed on members, which are linked to the aforementioned Fund in accordance with the legislation on cooperatives.


The particularities that presents its Endowment and the different qualification which receives this Fund in the various laws of cooperatives have resulted in two alternative positions for its accounting treatment approach, as it affects their consideration as own funds or borrowing.


The discussion of these alternatives on the bottom of the education, training and promotion, it is a game that can pick up characteristics of own Fund and non-Fund, has made eclectically considered that the most appropriate solution for posting is to create a new grouping called "Fund of education, training and promotion" liabilities of the balance which will be located immediately after the grouping of "Deferred income" which facilitates the analysis of the annual accounts by potential users.



Without limiting the foregoing, the endowment of the Fund will be incorporated as an expense, in a group independent of the account of profit and loss, using for this purpose an account opened in the subgroup 65 of the chart of accounts. At the same time, the 13 plan sub-group will be renamed "Specific financing and income funds" to deferred and will add an account for the registration of the Fund of education, training and promotion. Subsidies, grants and fines aimed at the bottom will be recorded as an income independent of the income statement online and will be added to the endowment of the Fund by increasing the corresponding expenditure account. This registration form allows to identify on account of losses and gains, a profit for the year, comparable to other economic units, and other so-called "cooperative over" affected by certain items that only occur in cooperatives.


Funds, regulated in different laws of cooperatives, incorporated into the third chapter of the regulations, will be recorded, where appropriate, on specific accounts created for this purpose in the subgroups 15 and 50 and will be integrated into the balance sheet liabilities forming part of the groups "Long-term creditors" or "Creditor short-term" depending on its maturity.


The rules of the fourth chapter focuses on account of losses and gains of cooperative societies to regulate the accounting specifics that affect to the determination of the result of the exercise and its distribution, as well as different concepts of spending and income derived from operations carried out with the members of the cooperative and compensation to social capital.


For the purposes of determining the outcome of the exercise and the development of cooperative societies profit and loss account, apply mandatory principles and standards contained in the first, fourth and fifth part of the chart of accounts, without prejudice to the specific rules contained in the regulations.


The rules on procurement partners for goods and services work, or otherwise, affect especially the application of the principles of accrual and purchase price, demanding that each exercise reflect operations on the basis of the actual stream of them regardless of when the monetary or financial flow deriving them occurs and , in any case, valued by its purchase price.


The valuation of procurement of goods and services partners for cooperative management requires an accounting treatment in cases in which the purchase price is set depending on future circumstances and, in particular, where the laws of cooperatives from different autonomous communities impose a limit to the price, or agreed that the purchase price may not exceed the actual settlement price or the market price. Thus set out in articles 55.2 and 57.2 of the law 9/1998, of December 22, cooperatives of Aragon; (66.2 to) law 4/1993, 24 June, Euskadi cooperatives; (58.2 and 61.3 a) of law 2/1998, 26 March of cooperative societies of Extremadura; (86.2 and 89.2 a) of the Act 2/1999 of 31 March of cooperative societies in Andalusia; (73.2 to) law 4/2002, of 11 April, cooperatives of the community of Castilla y León. ((67.3 to) Act 20/2002, of 14 November, cooperatives of the community of Castilla la Mancha, and 67.3. a) of law 8/2003, 24 March, cooperatives of the Valencian Community; ((while not imposed limits in articles 57.2 and 59.4) law 4/1999 of 30 March, cooperatives of the community of Madrid and 61.3 and 65.1) of Act 18/2002, of 5 July, of cooperatives of Catalonia.


For the accounting records of these assumptions are based on an estimated price of acquisition that, insofar as it exceeds the price paid or agreed to pay firm, will have as a counterpart a creditor account with partners outstanding, created for this purpose in the subgroup 40. The acquisition price will be estimated again at the end of each of the exercises that mediate between the dates of acquisition and liquidation, as well as when interim financial statements are prepared taking into account the best possible estimate at each time. Finally, when the operation is settled, shall be adjusted excess of purchase price estimated at over the limits imposed, where appropriate, by the law or by agreement between the parties.


For the purposes of the accounting register of purchases of goods and services to partners for cooperative management, these rules have created specific accounts in groups 3, 4 and 6 of the chart of accounts.


In the same way, you give them real partners and cooperativizados services, which are understood in terms of compensation costs, represent an income for the cooperative by the corresponding compensations, to register on the account opened for this purpose in the Group 7 included in the second and third part of the Plan.


The addition to the account of profit and loss of accounts from groups 6 and 7 mentioned in the preceding paragraph, occurs in the cluster "acquisitions partners" must and under the heading "Income from operations with partners" have, which respectively, are created for that purpose.


In relation to this type of income, it should be noted, according to the fifth additional provision of law 27/1999, of cooperatives, have no consideration of sales, supplies of goods or supplies of services made to its partners by cooperatives, so if they are produced by them as if they sold to third parties for their social purposes.


In any case, so that the annual accounts of cooperative societies reflect the true picture of heritage, the financial situation and the results of the society, the rules on the ledger of income and expenses result of operations with partners, demand that you take into account the true nature of the operation according to their economic substance.


For his part, dedicated to the distribution of results standard has two sections to reflect in the annual accounts of the application of profits and losses of the cooperative societies.


The result of the exercise in a cooperative society is obtained by the algebraic sum of the cooperative outcome and the extracooperativo. For this purpose, the legislation on cooperatives defined as extracooperativos results, basically, the resulting from operations of the activity cooperativizada when done with third non-members, derivatives of economic activities or sources outside the specific purposes of the cooperative and those obtained from investment and financial participations in other companies that do not constitute activities preparatory, complementary or subordinate to itself LCCU as well as certain extraordinary income derived from capital gains obtained from the disposal of certain elements of the fixed assets.


When the exercise is positive, according to provisions of different laws of cooperatives, should be to make tax deductions corresponding to concepts such as negative results of prior years and spending, as well as to provide the mandatory reserve fund according to percentages and legal bases of calculation.


Carried out once the previous deductions, the available positive result is distributed according to the provisions of the statutes or agreements of the General Assembly, in the form of cooperative return partners, volunteer reserve funds, endowments exceeding the legal contributions of members to the social capital and other items of own funds regulated by regional laws of cooperatives and mandatory reserve fund.


"For the purposes of the ledger of debts with partners from the cooperative return and, where appropriate, of the interest earned by such returns, as they regulate certain laws [(Artículos 62.2 b) (law 2/1998 Extremadura, article 62.2 and law 8/2003 68.3 Comunidad Valenciana and 58.4 c) of law 9/1998 Aragon], accounts have been created in 52 subgroups." "" Short term debts for loans received and other concepts "and 17." Debt long-term received loans and other concepts".


Where the result of the exercise is negative, in the following year will be transferred to the departure of negative results from prior years, and shall be compensated, in accordance with the provisions in the laws of cooperatives, charged to voluntary reserves, compulsory reserve fund - which can even become negative in cases where the legislation of the autonomous region permitted - , or shall be apportioned amongst the partners.


The amount of negative outcomes accused members or classes of partners, as a general rule, can be met through direct contributions, compensation of liabilities, capital reductions and, where appropriate, charged to future cooperative returns.


The accounting records of future cooperative returns occurs in accounts opened in 25 subgroups or 54 of the chart of accounts, depending on maturity, which are loaded with fertilizer to 122 account." Contributions of partners to offset losses"and that are reflected in the assets of the balance under the heading"Credit cooperative returns to compensate for", taking into account the corresponding financial effect.



In the penultimate rule in this chapter regulates the accounting, what is possibly one of the most unique aspects of cooperatives: pay equity and, where appropriate, to other items of own funds, recognized in the laws of cooperatives.


The remuneration of the contributions, in accordance with the provisions of article 48 of the law 27/1999 of 16 July, cooperatives, must be individualized in the account of profit and loss, so that you can meet specifically their impact on the result of the cooperative. At the same time, the distribution of remuneration of contributions to the prior existence of positive results in the fiscal year, circumstance or conditioning which recurs in different regional laws of cooperatives, is not common to all of them is conditioned in this article.


This legal requirement of a positive result together with the basic objective of accounting standardization to facilitate the understanding and comparability of accounting information produced by any entity, in that it will serve to publicize his situation to a heterogeneous group of people and entities interested in it, have been advised to create a specific group in the profit and loss account should located next to the "profit for the period (benefits)", insofar as it is considered that up to this the result of the cooperative society concept is comparable with the of any other entity economic making annual accounts (companies, foundations, associations, etc.).


From such magnitude, the amounts of compensation contributions are reflected (capital and own funds thus paid) and, as already stated earlier, of the endowment to fund education and promotion, separately in the last two lines of the profit and loss account should, which create specific groups prior to the surplus of the cooperative to the extent that specific concepts are laid down in the laws of cooperatives that respond to the characteristics of these societies.


In cooperative societies the distribution of outcomes is not based on the percentages of participation of the partners in the capital but in the participation in the cooperativizada activity.


However, compensation (interest) to the share capital be quantified by a percentage of the amount of the contributions to the capital and are conditioned in the most cooperative laws that the result is positive, in such a way that they share many aspects with the distribution of benefits of the capital companies, although there is again an element (accrued interest) that has characteristics common to two accounting concepts : dividends and expenses. For this reason, your accounting records in cases where the law allows your "deal" despite the losses cooperative in the exercise, resulted in an additional problem whose solution has called the approach of different postures of the raised, in order to establish criteria that attending to lines marked by the General Accounting Plan and the nature of the facts they attain a proper accounting reflection of its financial and economic significance.


In cases in which society has had a negative result in the exercise, the accounting treatment of contributions wages, permitted by regional law of cooperatives, it means providing a technical solution that allow to obtain the proper consistency of accounting regulations.


In this sense, and in synthetic form, the register of remunerations of the contributions to the capital or other specific own funds of cooperatives, will reflect as follows: If there is prior benefit, and to the extent of this, is considered an expense, with nature, of the cooperative.


If there is no previous benefit or remuneration exceeds the amount, the only way to give coherence to such remuneration is to qualify it as a lower own co-operative background, well diminishing reserves, well ahead of expenses on future benefits, this last very similar appearance to the treatment provided for dividends on account of commercial companies.


In the fifth chapter of the regulations regulates the information that cooperatives should be incorporated into the normal and short models of the notes on the accounts. The objective of the report is complete, enlarge and comment on the information contained in the balance sheet and on the account of profit and loss, in such a way that it has opted to add to the information requested in memory models established in the General Accounting Plan other information which was considered necessary for the comprehension of the annual accounts submitted by cooperative societies , in order that those reflect the true image heritage, the financial situation and the results of the cooperative society.


To this end, the number of sections of normal and short memory models has expanded to include information about the separation of items from the account of losses and gains for the determination of the different results, the separation section, Education Fund, training and promotion, operations with partners and the temporary "capital". Likewise, new wording has given to the section on distribution of outcomes, which has been referred to as interests of capital and distribution of results, and the of own funds, including this last as a new paragraph in the model abbreviated instead of the paragraph relating to the share capital.


As in the rest of the rules, in this chapter, dedicated to providing specific information on cooperative models of memory, they have tried to meet the requirements of State law and all regional laws of cooperatives, so depending on the geographical area in which each cooperative operates may arise where information requested generally is not significant and therefore it is not necessary to fill in the corresponding points.


Annexed to these rules on accounting aspects of cooperative societies, are presented to the balance and the account of profit and loss, in their abbreviated, and normal models that make up the annual accounts together with the memory.


Chapter 1 first delimitation of own funds in cooperative societies. Own funds.


1. concept. Equity of a cooperative society are identified with the amount that is deducted from the assets of the company, deferred income deferred, the education, training and promotion fund, provisions for risks and expenses and creditors which constitute obligations of the cooperative, presenting the following features: reflect the set of resources with permanent General, property of members or other participants.


The amount is made up of contributions from members or other participants and by resources generated by the company itself do not have the nature of enforceable obligation.


Its availability is subject, in General, a number of limitations and statutory requirements, form which, in the liquidation of the company, holders are located, reimbursement of the own funds which they are entitled, behind all the common creditors.


Warranty or solvency of the society against third parties.


2. items constituting own funds. In particular, within the own funds can be distinguished: social Capital.


Reserves, from profits generated in prior periods, or provided by the members themselves; in particular, the reserve fund compulsory, voluntary, as the reserve by subsidies and those derived from legal revaluations of assets.


Other items, such as: with positive sign: the positive surplus in the cooperative, the contributions of partners to offset losses and the remainder and capitalized funds referred to in the fifth standard.


With negative sign: negative over of the cooperative, the "return to account", the negative results of previous years and, in his case, own shares acquired for capital reduction.


The second. Social capital.


2.1 Constitution and increase: 2.1.1 concept. The share capital of a cooperative society is constituted by the contributions, mandatory and voluntary, made for that purpose, both cash as no cash, either at the time of the formation of the company or in another post, either by the incorporation of new partners or as a result of subsequent agreements of voluntary contributions or capital increase , and corresponds to the capital subscribed in accordance with the law. The basic characteristics of social capital are: its character of permanence or stability, in such a way that your refund or reduction is subject to a number of limitations imposed by the law.


It is fond of the activity of the society and, therefore, to the absorption of possible social losses, in the manner established by law.


It acts as a guarantee of the social creditors.


In addition, the cooperative share capital brings the following specific aspects: does not work, in General, to structure the right to vote.


It is not used as a basis for benefit-sharing and allocation of losses.



2.1.2. annual accounts. Social capital, which collects the amount corresponding to the contributions, compulsory and voluntary partners, collaborators and partners, or attached, in the terms provided for by law, look under the heading "Cooperative subscribed Capital" of the group "Own funds" of the liability, thus leaving modified normal and abbreviated balance models, contained in the fourth part of the chart of accounts. When the contributor does not have membership, effected contribution shall be registered in accordance with its nature.


2.1.3 accounts to be used. For purposes of the accounting register of the different contributions to the share capital, the Bill 100. "Social capital" included in the second and third part of the chart of accounts, may be used with the following development: 1000. "Cooperative social capital: mandatory contributions".


1001 "cooperative social capital: voluntary contributions".


1002 "cooperative social capital: collaborators and partners or supporting partners".


10020 "partners".


10021 "associated or supporting."


Definitions and movements of these accounts are as follows: 1000. "Cooperative social capital: mandatory contributions".


Subscribed capital in cooperative societies as a result of compulsory contributions in accordance with the law.


Their movement is as follows: to) shall be paid by the initial capital and the successive enlargements of the corresponding mandatory contributions or other corresponding, as it can be the capitalization of certain amounts.


(b) will be charged by reductions in share capital and the extinction of the company after the liquidation period.


1001 "cooperative social capital: voluntary contributions".


Subscribed capital in cooperative societies as a result of voluntary contributions in accordance with the law.


Their movement is as follows: to) shall be paid by the initial capital and the successive enlargements for voluntary contributions.


(b) will be charged by reductions in share capital and the extinction of the company after the liquidation period.


1002 "cooperative social capital: collaborators and partners or supporting partners".


Subscribed capital in cooperative societies as a result of contributions made by collaborators and partners or supporting partners in accordance with the law.


Their movement is as follows: to) shall be paid by the capital contributions made by collaborators and partners or supporting partners.


(b) will be charged by reductions in share capital and the extinction of the company after the liquidation period.


2.1.4. remuneration of the capital. The accounting treatment of the interests who are giving back the social cooperative capital, as defined in the Act, will be the provisions of the thirteenth Norma.


2.2 reductions: 2.2.1 concept. The cooperative share capital reduction, corresponds to the decrease of this concept as a result of the repayment of contributions from partners that may cause drop, the attribution of losses and other causes, in accordance with the provisions of the law.


2.2.2. reduction of capital by partners low. The cooperative share capital reductions, motivated by the refund of contributions to the partner that causes low, will produce, from the moment that you purchase firmness the agreement of the Governing Council that formalizes this low, the change of the nature of the item, in such a way that it will qualify as debt by the amount of the accredited value of contributions to the share capital at the date in which it is produced.


If as a result of the reduction in capital is reembolsase any other amount corresponding to other items of own funds, will they qualify on the same terms as those listed above.


This operation requires the amount to reimburse contributions to partner that causes low register heading "Debts with partners", created for the purpose, within the heading 'Debts to group companies, associated and partners' of the group "Creditors in the short term" or "Creditor in the long term", depending on the maturity of the liability of the normal balance included in the fourth part of the chart of accounts. The abbreviated balance model, will create the "Debt in the short term with partners" heading within the grouping 'creditors in the short term"liabilities. Enforceability of these debts were there in the long run, will create the heading "Payables on long-term partners" who collect these amounts in the 'Long-term creditors' group; in any case, be taken into account the financial effect resulting from the operation.


2.2.3 deductions to be in amounts to be reimbursed to the partner.


When occur deductions on the accredited value of contributions arising from the existence of charged and attributable losses and unjustified low, which caused a result for the cooperative society, this will fall within headings of reservations that apply in accordance with the provisions of the law.


For the purposes of the preceding paragraph, those losses not specifically identified in accounting at the time in which occurs the low, but that shall be taken into account on the balance sheet closing that it will form the basis for the calculation of the final amount to reimburse the partner, in accordance with the law, are considered attributable losses.


2.2.4 accounts to be used. For purposes of the accounting register of the reduction of capital operations, the capital accounts referred to in paragraph 2.1 above, with a credit to an account that suits the operation, i.e., reserves or debt may be used. In particular, when it is appropriate to reimburse partners made contributions as well as the interests that might be required, it may be used, within the 17 sub-groups. "Debt long-term received loans and other concepts" and 52. "Payables short-term loans received and other concepts" included in the second and third part of the chart of accounts, accounts created for this purpose under the following name 178. 'Long-term debt by repayment of contributions to members' and 528. 'Payables short-term repayment of contributions to members'; whose definition and movement are: 178. "Long-term debt by repayment of contributions to partners".


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


Their movement is as follows: to) the agreement of the Governing Council that formalizes partner lowering shall be paid for the amount of the reimbursement long-term contributions to partners that may cause low, as well as any interest that may be payable, at the time that you purchase firmness.


b) will be charged for the advance, total or partial reinstatement with a credit to accounts of the subgroup 57.


528 "Payables short-term repayment of contributions to partners".


Short-term debts by the cooperative society as a result of the repayment of contributions to partners that may cause falls in the terms provided for in the law.


Their movement is as follows: to) the agreement of the Governing Council that formalizes partner lowering shall be paid by the amount of the refund for short-term contributions to partners that may cause low, as well as any interest that may be payable, at the time that you purchase firmness.


b) will be charged when paying with credit, generally, 57 sub-group accounts.


2.3 temporary "capital".


2.3.1 concept. The term temporary "capital" contained in certain laws, is made up of temporary or transitory nature resources obtained by the cooperative from the admission of contributions arising from the establishment of social bonds for a fixed term and that result from temporary or definite membership of the cooperative partner. Accounting nature is indebted to certain characteristics on which there will be information in memory.


2.3.2 compensation. The accounting treatment of remuneration of contributions to the temporary "capital" will be that corresponding to debts, creating a game for that purpose within the "Financial expenses and similar expenses" groupings of the normal and abbreviated models must of account gains and losses included in the fourth part of the chart of accounts.


2.3.3. annual accounts. The temporary "capital" that has been mentioned in previous issues will be included in the items created for this purpose, within groupings "Creditor in the long term" and "Creditors in the short term", as applicable, the liabilities of the balance sheet, whose names will be: "Creditors by temporary"Capital"long-term" and "Creditors by temporary"Capital"at short notice", respectively.


2.3.4 accounts to be used. For the purposes of the accounting register, within the 17 sub-groups. "Debt long-term received loans and other concepts" and 52. "Payables short-term loans received and other concepts" contained in the second and third part of the chart of accounts, may be used, respectively, 179 accounts.


"Creditor for temporary"Capital"in the long term" and 529. "Creditors by temporary"Capital"at short notice", with the next move and definition: 179. "Creditors by temporary"Capital"in the long term".


Amount of the resources of temporary or transitory nature obtained by the cooperative society from the admission of contributions arising from the establishment of social bonds for a fixed term, the legal form of temporary "capital".


Their movement is as follows:



(a) you pay for the amount of the contributions of this nature obtained with charge, usually, 57 sub-group accounts.


b) will be charged, as a general rule, in the early termination of fixed-term social link.


529 "creditors by temporary"Capital"at short notice".


Amount of the resources of temporary or transitory nature obtained in the short term by the cooperative society from the admission of contributions arising from the establishment of social bonds for a fixed term, the legal form of temporary "capital".


Their movement is as follows: to) shall be paid by the amount of the contributions of this nature obtained, with charge, usually, to 57 sub-group accounts.


b) will be charged, in General, in the cancellation of the social bond's duration.


Third. Other contributions by the partners.


1 contributions or non-refundable fees. The amount demanded by the cooperative society to its partners, in respect of contributions or non-refundable fees, whether character monetary or non-monetary, will qualify as equity when it is not the consideration or remuneration of any goods or services provided by the cooperative members - that are regulated in the eleventh Norma-, distinguishing: a) "Income shares" of new partners in the legally established terms.


(b) contributions or fees required in order to compensate totally or partially of the cooperative society.


(c) contributions or dues aimed directly at increasing the reserve funds of the cooperative.


When the amounts required partners constitute the consideration carried out by partners in Exchange for the delivery of goods or provision of cooperativizados services will they qualify as income when they accrued, offsetting the cost of those pursuant to the eleventh Norma.


2. annual accounts. Contributions that has been mentioned, will be reflected in the annual accounts in the "Own funds" grouping of the liabilities of the balance in accordance with the following: a) "Income shares" of new members referred to in the letter to) of paragraph 1 above, must bear forming part of the heading "Mandatory reserve fund" contained under the heading "reservations" liabilities of the balance sheet, as shown in the Norma Cuarta.


((b) the contributions or fees referred to in point (b)) of paragraph 1 above, will be collected under the heading "Contributions of partners to offset losses" from the heading "Results of previous years".


((c) the contributions or fees referred to in point (c)) of paragraph 1 above, will be collected in the corresponding match of the heading "Reservations", according to which in this regard agreed cooperative society.


3. accounts to be used. The accounting records of operations with the "mandatory reserve fund" can be made using the account 112. "Mandatory reserve fund," created in the fifth standard. On the other hand, the Bill 122 can be used. ("Contributions of partners to offset losses" contained in the second and third part of the chart of accounts to check the operations referred to in point (b)) of paragraph 2 above.


-Fourth. Specific reserve funds of cooperative societies.


4.1. mandatory reserve fund.


4.1.1 concept. "Mandatory reserve fund" is a fund that goes to the consolidation, development and guarantee of the cooperative society, so it is identified with a round of equity, qualifying as a legal reserve.


4.1.2 staffing. Will be provided through the implementation of the outcome of the cooperative with the limits laid down in the law, provided that there is available benefit referred to in point (b)) (1) of the twelfth Norma. If the law thus also sets it nutria with the amount corresponding for the revaluation of balances, without prejudice to the fulfilment of the obligations arising from the corresponding law update.


Notwithstanding as directed, are considered transfers to the reserve amounts of deductions that could settle on the mandatory contributions to the share capital arising from the low of partners and the amounts of quotas of income of partners as indicated in the rules of the second and third.


Also, part of the cooperative outcome corresponding to intercooperativos agreements, must be the "mandatory reserve fund", setting of the law, in accordance with the following: if it is positive, will increase the reservation up to the limit of available profit; If this was not enough and the law would oblige its Endowment, voluntary reserves are applied.


If it is negative, by that amount the 'mandatory reserve fund' affecting, will be reduced in the case that there were no amount sufficient fund, to voluntary reserves.


4.1.3. annual accounts. "Mandatory reserve fund" will appear as liabilities of the balance sheet, group "Own funds", creating within the heading "reservations", an item with the heading "Mandatory reserve fund".


4.1.4 accounts to be used. For purposes of the accounting records, the 112 account may be used. "Compulsory reservation Affiliate" created for this purpose in the subgroup 11. "Reservations" contained in the second and third part of the chart of accounts; its definition and movement are the following: 112. "Mandatory reserve fund".


This account will register the legal reserve of the cooperative societies called "Mandatory reserve fund" in accordance with the provisions of the law.


Their movement is as follows: to) will be paid: a.1) for the implementation of the outcome of the cooperative society with the criteria established in the law, provided that there is available benefit, with 129 account.


a.2) for the amount of the deductions on the mandatory contributions to the share capital arising from unjustified low of partners, with 100 account.


a.3) for the amount of quotas of income of partners that corresponds.


b) will be charged by the provision that is made of this reserve, in the terms provided for in the law.


4.2 Fund reimbursement or update: 4.2.1 concept. The "refund or upgrade Fund" is a reserve generated by the cooperative society in order to collect the revaluation or updating of the contributions that will return in the future, in the terms provided for by law.


4.2.2 provision. Will be provided through the implementation of the outcome of the cooperative in accordance with the provisions of the law, provided that there is available benefit referred to in point (b)) (1) of the twelfth Norma. If in accordance with the commercial code was enacted a law permitting the revaluation of assets, which will generate, in your case, a revaluation reserve, where it is available is incor porara this fund the part applicable or, in your case, what point to the law.


4.2.3. annual accounts. The "refund or upgrade Fund" will appear as liabilities of the balance sheet, group "Own funds", created under the caption '' reservoir '', an item with the heading "Background of refund or update".


4.2.4 accounts to be used. For purposes of the accounting records, the 114 account may be used. "Refund Fund or update" created in the subgroup 11. "Reservations" contained in the second and third part of the chart of accounts. Its definition and movement are the following: 114. "Refund Fund or update".


1140 "Fund by incorporation of profits".


1141 "Fund revaluation of assets".


Reserves constituted by cooperative societies in order to allow the revaluation or update of contributions that is returned in the terms provided for by law.


Their movement is as follows: to) shall be paid, with charge to count 129, for the implementation of the outcome of the cooperative, whenever available, or through the account benefit there is 111, in the case of revaluation or updating of balances, when the reserve originated in such operations was available, in accordance with the provisions of the law.


(b) will be charged, in General, by the provision that is made of this reserve, in the terms provided for in the law.


Quinta. Funds subordinate due in the liquidation of the cooperative.


5.1 Participation Fund.


5.1.1 concept. Are shares issued by subscribed by third parties or partners, aimed at financing, cooperatives whose maturity will not take place until the approval of the liquidation of the cooperative and that, for the purposes of priority of credits, will be placed behind all common creditors. Own funds of the cooperative society will be considered as indicated.


5.1.2 remuneration. The accounting treatment of the remuneration of these holdings will be the provisions of the thirteenth Norma.


5.1.3. annual accounts. Entries that has been mentioned in previous issues will be under a heading created for the purpose, within the grouping "Own funds" of liabilities of the balance sheet, under the name "Capitalized funds".


5.1.4 accounts to be used. For the purposes of the accounting register, within the subgroup 10 called "Capital and funds capitalized" contained in the second and third part of the chart of accounts, Bill 107 may be used. "Fund holdings and other subordinated funds maturing in the settlement", with the next move and definition: 107 "fund shares and other subordinate due in settlement funds".


1070 ' fund shares due in liquidation'.



1071 "other funds subordinate due in liquidation".


Shares issued or funds obtained by earmarked for financing cooperatives, subscribed by third parties or partners, whose maturity does not take place until the approval of the liquidation of the cooperative and that, for the purposes of priority of credits, is located behind all common creditors.


Their movement is as follows: to) shall be paid by the amount of the shares subscribed with charge to the 57 sub-group accounts.


in General, b) will be charged at the time of the liquidation of the cooperative.


5.2. other subordinated funds: concept. Funds obtained by cooperatives whose maturity will not take place until the approval of the liquidation of the cooperative and that, for the purposes of priority of credits, will be placed behind all common creditors.


The accounting treatment of the remuneration of these funds, their incorporation in the annual accounts and the accounts to be used for your accounting records, shall be in accordance with paragraphs 5.1.2, 5.1.3 and 5.1.4. earlier.


Chapter 2D sixth delimitation of the Fund for education, training and promotion of co-operative societies. Fund education, training and promotion 1. Concept. The "education, training and promotion fund" identifies items which necessarily must become cooperatives with the aim of implementing specific activities benefiting members, workers and, where appropriate, the community in general, so that its Endowment, is an expenditure for the cooperative.


The accounting records of the Fund, corresponds to a specific grouping of balance created to effect for these companies under the following name: "Fund of education, training and promotion".


2 staffing. Accordingly, the corresponding to the Fund allocation will affect the result as an expense, which is duly reflected in the account of profit and loss, without prejudice to its quantification for having as a base the own profit for the period, in the terms laid down in the law.


In those cases in which the cooperative receives grants, donations or other assistance, or funds derived from the imposition of sanctions, binding to the Fund in accordance with the law, such items shall be recorded according to their nature of accounting, whereas an income for the cooperative, without prejudice to the accounting register of the consequent allocation "Fund of education, training and promotion".


3 application. The implementation of this Fund to your purpose will produce its low, registering with fertilizer, usually, to a checkbook.


However, when the implementation of the Fund will materialize through activities carried out by the companies through its internal structure, the necessary accounts to be able to reflect the information requested in the notes on the accounts, so that you can detail carried out background applications will be utilized.


4. annual accounts. The various items of the annual accounts affected by this operation are: "Fund of education, training and promotion" shall appear in the liabilities of the balance sheet in the group created for this purpose under the name "Education Fund, training and promotion", immediately before the corresponding to "Provisions for risks and expenses" balance models included in the fourth part of the chart of accounts.


Its endowment will be recorded in an item with the heading: "Staffing"Fund of education, training and promotion"" in the group created for this purpose, immediately after the result of the exercise, in the must of the profit and loss account models included in the fourth part of the chart of accounts.


If grants, donations, or other AIDS are obtained, or imposed sanctions on members that should be attributed to the "Fund of education, training and promotion", will be reflected in the group created for this purpose, "Income attributable to the"Fund of education, training and promotion"" to the credit of the profit and loss account models included in the fourth part of the chart of accounts , immediately after the result of the exercise. This imputation, will cause the simultaneous allocation, amounting to equal "Education Fund, training and promotion" in accordance with the designated above.


5 accounts to be used. The following accounts be used for the purposes of the accounting records of previous operations: within the subgroup 13. "Special funds and deferred income" included in the second and third part of the chart of accounts, you create the account 139. "Fund of education, training and promotion", with the following contents: 139. "Fund of education, training and promotion."


Funds to comply with the obligations laid down in the law aimed at the realization of education and promotion activities.


Their movement is as follows: to) shall be paid by the amount of made allocations, with 657 account.


b) will be charged at the time of the application of the provision with manure, in General, to accounts of 57 subgroup or the Group 6.


Within the subgroup 65. "Other expenditure management and cooperative-specific" included in the second and third part of the chart of accounts, you create the account 657. "Endowment"Fund of education, training and promotion", whose content is: 657." Endowment to fund education, training and promotion".


Staffing is done in the background of education, training and promotion.


You will be charged for the amount of the Endowment, with a credit to the account 139.


Within the subgroup 75. "Other income from management and cooperative-specific" included in the second and third part of the chart of accounts, the 757 account is created. "Revenue attributable to the"Fund for education, training and promotion", with the following contents: 757." Attributable income to fund education, training and promotion".


7570 "sanctions imposed on attributable"Fund of education, training and promotion"partners".


7571 "subsidies attributable to"Fund of education, training and promotion"".


7572 "attributable"Fund of education, training and promotion"donations".


7573 "other income attributable to the"Fund of education, training and promotion"".


Revenue from penalties imposed on members of the cooperative society, subsidies, donations and any assistance received for the fulfilment of the purposes of the Fund which, in accordance with the law, must be attributed to the "Fund of education, training and promotion".


You pay for the amount of penalties imposed to partners, grants, donations, and others, with charge, usually, 57 sub-group accounts.


Chapter 3rd seventh delimitation of borrowing in cooperative societies. Borrowing.


1. concept. Obligations, the admission of voluntary financing of members or non-members third under any legal means and other investments and financing, subordinated or not, whose maturity does not occur on the date of liquidation of the cooperative society, will be regarded as a general rule, foreign funds and as such they must appear on the liabilities of the balance of the annual accounts.


In particular, participatory titles are part of the borrowing, notwithstanding that their remuneration is fixed depending on the evolution of the activity of the cooperative, and can also incorporate a fixed interest rate, being its accounting treatment the same as that established for the equity loans regulated in article 20 of the Royal Decree-Law 7/1996, of 7 June i.e. are they considered as debts of the cooperative.


2. remuneration. The borrowing fee is recorded as a financial expenditure, forming part of the financial result, whether that amount can be set from the result of the cooperative.


3. annual accounts. Funds subordinates who have consideration of foreign funds, must appear on the items of the liabilities of the balance within groupings "Creditors long term" or "Creditor short-term" based on their period of maturity.


4 accounts to be used. For the purpose of accounting records, 157 accounts you may create within subgroups 15 "loans and other similar emissions" and 50 "loans and other similar short term emissions" contained in the second and third part of the chart of accounts, corresponding. "Other participations in the long term" and 507. "Other participations in the short term".


Chapter 4th delimitation of concepts of cooperative societies eighth profit and loss account. Result.


1 concept-the result of the fiscal year of cooperative societies shall be determined in accordance with the principles and rules of valuation contained in the General Accounting Plan and these rules.


2 account of profit- and loss account income of cooperative societies will be formulated according to the standards of development and structure of the chart of accounts, without prejudice to the specific rules laid down in these rules.


Novena. Acquisitions of goods to members.


1 rating-valuation of acquisitions of goods for cooperative management partners will be, at the time that operation, carried out by the purchase price; i.e. by the amount paid or pending payment corresponding to the carried out transaction, without prejudice to later stated.



If that price is set depending on future circumstances, among which may be the actual settlement price, the price of market or any other parameter, an initial estimate, shall be made in order to determine the purchase price. The portion of the estimated purchase price that exceeds the amount paid or agreed to pay firm, shall contain, for the purpose of your accounting records, in a game won of liabilities of the balance sheet. If half a closing of exercise from the acquisition until the final liquidation, be estimated again such circumstances on that date according to the available information; This new estimate will be made also in the case of preparation of interim financial statements.


However, in the case that the law dictates the limit, or when it has been agreed that the purchase price may not exceed the actual settlement price or the market price, and finally any of these last is less than initially estimated purchase price, the difference between the two will reduced purchase price, in such a way that if it had paid or agreed to pay an amount exceeding that finally it will be assessed It will be revealed a credit in favour of the cooperative against the partner, or a lower amount of debt initially registered.


In any case, the accounting register of purchases of goods for cooperative management partners is will take into account the true nature of the operation according to their economic substance, so the annual accounts reflect the true picture of heritage, the financial situation and the results of the cooperative society.


2. concept of actual settlement price and market price.


2.1. actual price of liquidation.-means real price of settlement or net worth of preparation, the value which corresponds to the price of sale to third parties of goods acquired partners, after deducting costs necessary to make the sale and, where appropriate, to transform the property acquired.


2.2. market price-refers to market price or price of replacement, in General, the value by which an asset among independent in a free transaction parties can be exchanged.


The market price will be orientation the amount paid for goods with similar characteristics in the area where the cooperative activity, without prejudice to considering the particularities of the transaction takes place.


3. annual accounts-in the normal and abbreviated models must of the profit and loss account, will join specific groups for procurement of goods partners, under the name of "procurement partners".


4 accounts to be used-to register as directed, you can create: within the subgroup 40. "Suppliers", in the statement contained in the second and third part of the General Accounting Plan 400 "suppliers", count 4007. "Suppliers cooperative partners". The definition and movement are the following: 4007. "Suppliers cooperative partners".


Amount estimated or to pay for goods purchased from partners when that price is set depending on future circumstances, among which may be the actual settlement price or the market price of the operation.


Their movement is as follows: to) will be credited for the amount of the pending payment, charge, carried out estimation generally, 606 account.


(b) will be charged, in General, at the time of the liquidation of the operation with a credit to accounts of the 57 subgroup or, where appropriate, to count 606.


Within the subgroup 44. "Sundry" contained in the second and third part of the chart of accounts, account 447 may be used. "Debtor partners: credit operations carried out with partners", with the following content: 447. "Debtor partners: credit for operations carried out with partners".


Import to return by partners as a result of having initially received an amount greater than the actual price of liquidation of the acquisition operation or, where appropriate, to the agreed.


Their movement is as follows: to) will be charged for the amount of the disbursement made on the purchase that exceeds the actual price of liquidation, with fertilizer, generally, 606 account.


b) shall be paid, as a general rule, at the time of the perception of the return, charged to accounts of the 57 subgroup.


Within the subgroup 60. "Shopping" contained in the second and third part of the chart of accounts, you can use count 606.


"Purchases made to members", whose movement and definition are the following: 606. "Purchases to members".


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


This account will be charged the amount of the purchases made to members in accordance with the standard of valuation, receipt of remittances from members or put into road if goods and goods are transported on behalf of the cooperative, with fertilizer to the 4007 account or accounts of the 57 subgroup.


In particular, estimates of the circumstances behind the purchase price will produce, in his case, the charge or credit for this account, payment or charge, respectively, 4007 account, in General.


Within the subgroup 61. "Changes in inventories" contained in the second and third part of the chart of accounts, the 617 account may be used. "Variation of inventory acquired partners": 617. "Variation of inventory acquired partners".


You will be charged for the amount of the initial inventory acquired partners and shall be paid by the of ending stocks, with fertilizer and cargo, respectively, 307-317 accounts. The balance that will result in this account will be charged or paid, as the case may be, to count 129.


Within the subgroup 30. "Commercial" contained in the second and third part of the chart of accounts, may be used to count 307.


"Goods purchased from partners".


Similarly, within the subgroup 31. "Materials bonuses" contained in the second and third part of the chart of accounts, the 317 account may be used. "Materials premiums acquired partners".


In 608, 609 and accounts 756 included in the second part of the chart of accounts, accounts of four digits for transactions with partners, will be created in what refers to discounts on purchases.


5. operations carried out on behalf of the partners. However all of the above, if the cooperative performs the operations indicated by the partner account, in such a way that acquisitions are not produced or sales of goods, will be recorded movements that correspond and financial, in their case, the retribution that get by the mediation service as income for the year, without prejudice to give the corresponding provision for responsibilities that may affect the co-operative by saying process.


6. other acquisitions partners. When purchased services partners other than the work that are included in the following rule, shall apply the provisions of the preceding paragraphs of this standard with the necessary adaptations.


Tenth. Procurement of services to members and employees work.


10.1 acquisitions of work services to members.


10.1.1 evaluation-the assessment of services provided by the worker-members of the cooperative work, will be held for the purchase price corresponding to the services provided, applying, where appropriate, the rules in the previous standard. In each fiscal year is attend the real current associated to services regardless of the financial mainstream, so advances referred to in the law, to the extent that constitute a chargeable service to a financial remuneration, shall be considered as expense in the period.


In any case, in the accounting records of the services provided by the worker-members or work, be taken into account the true nature of the operation according to their economic substance, so the annual accounts reflect the true picture of heritage, the financial situation and the results of the cooperative society.


10.1.2. annual accounts-in the profit and loss account fees will be incorporated by the services provided by partners under a specific heading, whose name will be: "acquisitions partners".


10.1.3 accounts.-in order to pick up in accounting fees for the services provided by partners to use, you can create in the subgroup 64. "Staff costs", the second and third part of the chart of accounts, count 647. "Compensation to the worker-members" whose definition and movement are the following: 647. "Compensation to the worker-members".


Remuneration fixed and possible, by any concept, derived from the work done by the worker-members or work of the cooperative society.


Will be charged, in general, the full amount of the accrued wages: a1) by cash payment, with a credit to accounts of the 57 subgroup.


A2) for the accrued and unpaid, with a credit to accounts of the 46 subgroup.


A3) for the withholding of taxes and, where appropriate, quotas of Social Security in charge of the worker with a credit to accounts of the subgroup 47.


A4) via compensation of debts with credit to the accounts of the Group 2, 4 or 5 matching.


10.2 acquisitions of services workers-the accrued amount of remuneration of the employees of the cooperative shall be registered pursuant to the chart of accounts.



Expense in the period notwithstanding that the final remuneration of salaried workers could be quantified taking as a basis the results of the financial year, in accordance with provisions in the statutes or by agreement of the General Assembly will be considered.


Eleventh. Result of operations with partners income.


1 concept-the contributions constituting the consideration made by the partners in Exchange for the delivery of goods or provision of services cooperativizados, present or future, are understood in terms of compensation costs.


2 accounts per year.-in General, and always do not have the character of ordinary activity, for the registration of the above operation, will create a game to the credit of the account of profit and loss under the following name: "Income from operations with partners", which will be part of the group "Other operating income" of having the normal model of the account of profit and loss and the group "Operating income" of having of the abbreviated model of account of profit and loss, in the fourth part of the chart of accounts.


In any case, the accounting records of the consideration of partners for goods and services delivered by the cooperative is will take into account the true nature of the operation according to their economic substance, so the annual accounts reflect the true picture of heritage, the financial situation and the results of the cooperative society.


3 accounts use.-for the purposes of the accounting register pursuant to this regulation, within the subgroup 75. "Other income from management and cooperative-specific" included in the second and third part of the chart of accounts, 756 account may be used. "Income from operations with partners", with the following content: 756. "Income from operations with partners".


The amount of the consideration, in terms of compensation of costs carried out by partners in Exchange for the delivery of goods or provision of services cooperativizados.


You pay for the amount of income that constitute the consideration made by the partners in Exchange for the delivery of goods or provision of services cooperativizados, charged to accounts of the subgroup 44, or 57.


Twelfth. Distribution of results.


1 application of benefit-distribution of positive cooperative society, i.e. the profit or surplus obtained by the cooperative in the exercise, which results from the algebraic sum of surpluses or cooperative benefits and extracooperativos and extraordinary benefits, will be held in accordance with the following rules: a) the quantification of the possible cast to "Mandatory reserve fund" and the provision to the "Education Fund ", Training and promotion" which referred to the former Norma Sexta 2, will be carried out in accordance with the percentages and bases of calculation laid down in the law.


b) the available profit resulting from applying the provisions above, i.e. after deducting the amounts established by law, will be used, according to provisions of the by-laws or as agreed by the General Assembly, a: b.1) cooperative return to partners; You must appear on the liabilities of the balance sheet under the caption "Debts to group companies, associated and partners" of the group "Creditors in the short term". For the purpose of accounting records within the subgroup 52. "Payables short-term loans received and other concepts" included in the second and third part of the chart of accounts, the 525 account may be used. "Cooperative return to pay in the short term", with the following definition and content: 525. "Cooperative return to pay in the short term".


Short-term debts with partners for cooperative returns resulting from the distribution of the benefit available, under the terms provided by law.


Their movement is as follows: to) shall be paid, in General, for the amount of the cooperative return, upon approval of the application of the surplus, with 129 account.


((b) cancellation or no-show: b1) for the withholding of taxes, with a credit to count 475.


B2) to pay, with a credit to accounts of the 57 subgroup.


When payment of the cooperative return partners is long term and by postponing interest-bearing, the amount of this debt will appear on the liabilities of the balance sheet by the value of refund within the 'Long-term creditors' group. For the purpose of accounting records within the subgroup 17. "Debt long-term received loans and other concepts" included in the second and third part of the chart of accounts, account 175 may be used. "Cooperative return to pay in the long run", with the following definition and content: 175. "Cooperative return to pay in the long run".


Long-term debt with partners for cooperative returns resulting from the distribution of the benefit available, under the terms laid down in the law.


Their movement is as follows: to) shall be paid, in General, for the amount of long term cooperative return, upon approval of the application of the surplus, with 129 account.


((b) cancellation or no-show: b1) for the withholding of taxes, with a credit to count 475.


B2) to the advance payment, with a credit to accounts of the 57 subgroup.


b.2) reserve funds volunteer, registering as a cast of available benefit, in such a way that these reserve funds shall appear in the liabilities of the balance sheet under the caption "Reserves" of the group "Own funds".


b.3) mandatory reserve fund in an amount exceeding the mandatory.


b.4) share Capital, increasing the contributions of the partners in the terms established by law.


b.5) other items of own funds according to the characteristics with which the law set them. When the law may provide that the amount of these items as a basis for the recognition of "interest" to the partners, such compensation accounted for registers pursuant to the thirteenth Norma.


2. application of losses.-in the event that the balance of the profit and loss account is indebted to, i.e. the cooperative generates during a year losses, said amount shall apply in the following financial year registering heading 'Negative results of prior years' of the 'Results of prior years' heading within the grouping "Own funds" of the liabilities of the balance sheet without prejudice to the application of the rules contained in this standard for the purposes of the allocation of losses in that heading.


The amount of the item 'Negative results of previous years', shall be compensated: a) charged to voluntary reserves, in accordance with the law.


(b) with charge to the "reserve fund compulsory", in the terms provided in the law, in such a way that, if this requires that when such a fund is not enough, you collect a special heading, the difference will appear in heading "Mandatory reserve fund" with negative sign, incorporating specific information in the notes on the accounts.


(c) the remaining amount, if any, which will be imputed to the different classes of members of the cooperative in accordance with the law, shall apply in any of the following ways: by its direct subscription; for these purposes, the contributions or fees collected under the heading "Contributions of partners to offset losses" referred to in point (b) may be applied) of paragraph 1 of the Norma Tercera.


By decrease of the share capital, reducing the amount of compulsory and voluntary contributions from members.


By deduction or compensation of any game of liabilities arising as a result of financial investments by partners in the cooperative, whether it be own funds or foreign funds, pursuant to the rules contained in the chapters first and third.


Charged to the future "cooperative returns" on the terms established by law. For this purpose, must register in the assets of the balance sheet under the corresponding heading to "credits partners", taking into account the corresponding financial effect, with a credit to the game "Contributions of partners to offset losses" of the 'Results of previous years' heading of the grouping "Own funds" of the liabilities of the balance sheet. For the purposes of the accounting register, within 25 subgroups. "Other permanent investments" and 54. "Other securities" included in the second and third part of the chart of accounts, accounts 2527 may be used. "Credits with partners for losses to compensate for long-term" and 5427. "Credits with partners for losses to compensate in the short term", which will have the following content: 2527. "Long-term credits with partners for losses to compensate".


Long-term credits with partners as a result of the allocation of losses through the reduction of future cooperative returns, in accordance with the provisions of the law.


Their movement is as follows: to) will be charged for the amount of the credit in the long run with partners as a result of the allocation of losses, with a credit to bill 122.


b) shall be paid when the benefits available, surcharge to 129 account or, where applicable, apply advance account 525.


5427 "short term credits for losses to compensate".


Short term credits with partners as a result of the allocation of losses through the reduction of future cooperative returns, in accordance with the provisions of the law.


Their movement is as follows:



(a) will be charged for the amount of the short-term credit with partners as a result of the allocation of loss, with a credit to bill 122.


b) shall be paid when the benefits available, surcharge to 129 account or, where appropriate, are applied to 525 account.


Where appropriate, in order to register interests which could produce these items, accounts of four digits allowing you to collect the corresponding appropriations will be created.


Thirteenth. Remuneration of the contributions to the share capital.


1. concept.-the remuneration of the contributions, mandatory and voluntary, social capital and, where appropriate, of other items of own funds, is established in the statutes of the cooperative society, or in the admission agreement adopted by a competent authority, in accordance with the provisions of the law.


2. annual accounts.-the remuneration of the mandatory and voluntary contributions, social capital is quantified as laid down in the law and economico-contables effects shall be considered as a heading of expenditure of the profit and loss account, provided that once computed such expenditure, the surplus of the cooperative is positive or zero.


For this purpose, if the law allows contributions to equity compensation without conditioning it to exist in the exercise of surplus of the cooperative and this does not exist, accounted for will be treated, well as a remuneration on account of future benefits or as a cast of reserves.


En_particular, take note of the following rules: to) profit and loss account: a1) in the event that there is a surplus of the cooperative shall be inserted a grouping in the must of the normal and abbreviated model of the profit and loss account immediately after the benefit of exercise, with the following name: "Interests the contributions to the share capital and other funds" a2) in the event that the law does not require the existence of surplus of the cooperative, and this does not exist, the accounting records of possible contributions to equity compensation will not affect the account of profit and loss, whereas, in accordance with the nature of the operation, which is a cast of reserves or a distribution on account of future benefits, circumstances that shall not affect the liability of the members for losses that they charged them taking into account this compensation, in accordance with the law.


((b) balance: b1) in the event that there is a surplus of the cooperative, the heading 'Surplus of the cooperative (positive or negative)' of the passive of normal and short models contained in the fourth part of the chart of accounts, will coincide with the corresponding to the cooperative "surplus" of normal and short of the profit and loss account models.


B2) in the event that the law does not require the existence of surplus of the cooperative, and this does not exist: if contributions to equity compensation is considered to be on account of the future benefits, shall appear under the heading "Compensation to the capital account and delivered in exercise cooperative return to account", created for the purpose, in liabilities of the models of normal and abbreviated balance contained in the fourth part of the General Plan of Accounting; a circumstance that does not affect the liability of the members for losses that are charged to them, taking into account this compensation, in accordance with the law.


If the remuneration of contributions to the share capital is identified with a cast of reserves, recorded downward through the position of the corresponding item for the amount actually delivered; a circumstance that does not affect the liability of the members for losses that are charged to them, taking into account this compensation, in accordance with the law.


3 accounts use.-for the purposes of the accounting register, within the subgroup 65. "Other expenditure management and cooperative-specific" included in the second and third part of the chart of accounts, 656 account may be used. "Interests the contributions to the share capital and other funds".


656 "interests the contributions to the share capital and other funds".


The amount of remuneration, provided that there is a surplus of the cooperative, contributions, mandatory and voluntary, to the capital established in the statutes of the cooperative society, or in the admission agreement adopted by a competent authority, in accordance with the provisions of the law. It will also collect the remunerations of subordinate due in settlement funds.


Their movement is as follows: to) will be charged with fertilizer generally 57 sub-group accounts.


b) shall be paid with charge to count 129.


Within the subgroup 55. "Other features non-banking" included in the second and third part of the chart of accounts, you can use count 559. "Compensation of contributions to the share capital account".


559 "compensation of contributions to the share capital account".


The amount of remuneration and interests, contributions, mandatory and voluntary, to the share capital, "to account" character of future benefits as a result that the law does not require the existence of surplus of the cooperative, and this does not exist, for the remuneration of share capital. Where appropriate, it will cover compensation to fund subordinate due in the liquidation account.


Their movement is as follows: to) will be charged for the amount of the remuneration of the contributions delivered in the year on account of future benefits, manure generally 57 sub-group accounts.


b) shall be paid for the amount of your balance when to obtain the benefit, with 656 account.


129 account included in the second and third part of the chart of accounts, will be called 'Surplus of the cooperative'.


Fourteenth. Corporate income tax expense.


1 determination-for accounting for the tax, will be considered the differences that might exist between the surplus of the cooperative and the fiscal result, understood as the taxable tax, provided that they may be due to the following causes: differences in the definition of expenses and revenues between the economic sphere and the tributary.


Differences between the temporary criteria for allocation of income and expenses used in the indicated fields.


The admission in the fiscal area of the compensation of intact negative assessments of previous years.


For these purposes, it is possible to distinguish the following differences: "Permanent differences": those produced between the tax base and the accounting profit before taxes of exercise which not reversed in subsequent periods, excluding the offset losses.


"Temporary differences": between the tax base and the accounting profit before tax for the year whose origin is in different temporary allocation criteria used to determine both magnitudes and that it therefore reversed in subsequent periods.


"Quotas intact negative offset", for the purposes of the determination of the tax base.


The cost to register for the corporation tax is calculated on the economic result before tax, modified by the "permanent differences".


The "temporary differences" and offset losses shall not modify the economic result for the purpose of calculating the amount of the expenditure by the corporation tax of the exercise.


The existence of compensable losses tax will generate a tax credit that represents a less tax to be paid in the future.


To tax accounting societies will have to consider in addition, bonuses and deductions in the tax fee, excluding withholdings and payments on account, shall be regarded as a reduction in the amount of tax payable.


According to the above criteria, the amount to account for the tax payable in the year is calculated by carrying out the following operations: starting with, where appropriate, separate from the cooperative and extracooperativos results consideration, "accounting profit adjusted", which is the economic result before tax for the year you get more or less the "permanent differences" that corresponds to each type of result.


The amount of the tax "gross", shall be calculated by applying the rate of tax corresponding to each type of result on the respective part of "adjusted accounting profit" attributable to each of them.


Finally, the amount of the tax "gross", as positive or negative, it is subtracted or added, respectively, bonuses and deductions in the quota, excluding withholdings and payments on account, for corporate income tax payable.


Negative full quota credit is calculated by applying, where appropriate, corresponding to the different taxable tax rates.


The differences between tax to pay and expenditure by such a tax, as well as the tax credit tax quotas intact negative compensation, insofar as they have a certain interest regarding the future fiscal burden, will be recorded in the accounts 4740 - advance, 4745-credit losses to compensate for exercise... benefits and 479 - tax tax benefits deferred.


The quantification of the respective credits and debits arising from the tax effect will be made taking into account the type of assessment, cooperative or extracooperativo, which corresponds to the nature of the outcomes associated with these credits and debits.



When amending the tax legislation or the evolution of the economic situation of the cooperative society will lead to a variation in the amount of advance taxes, deferred taxes and tax credits, will proceed to adjust the balance of the accounts mentioned above, computing results in income or expenditure, as appropriate, that it derives from such adjustment.


In accordance with the principle of prudence, only anticipated taxes and tax credits whose future realization is reasonably assured are counted in 4740 and 4745 accounts, and those other envelope arising logical doubts about its future recovery will be low.


However, be considered as income or expenditure part of assessment corresponding to permanent differences; also, may be considered as income deductions and reductions in fees, excluding withholdings and payments on account. These income and expenses may be dollar-cost averaging with reasonable criteria.


2 accounts to use-for the registration of the tax effects of the tax, can use the accounts provided for in the second and third part of the chart of accounts, leaving the account 4745 "credit losses to offset the exercise of..." with the following contents: 4745. Credit losses to offset the exercise...


Amount of reduction of the tax on benefits payable in the future deriving from the existence of carryforwards from tax, fees, compensation earrings.


((a) will be charged: a1) by the tax credit derived quotas negative tax benefits obtained in the exercise, with a credit to the account 630.


A2) for the increase in the tax credit with a credit to the account 638.


((b) will be paid: b1) by reductions of the tax credit, with 633 account.


B2) when they will outweigh negative contributions from previous financial years, with 630 account.


Chapter 5th specific information to be incorporated by the cooperative societies in the memory of the 15th annual accounts. Memory.


(15.1 normal and short models of the notes on the accounts, included in the fourth part of the chart of accounts, are created, as additional information, the following specific sections with the following name and content: to) "Separation of the items of the profit and loss account" for the determination of the different results.


You should detail, when the law so required or, in any case, when it is necessary for obtaining the true picture, the following: for cooperatives that formulate the normal model of memory, the amount of the various members of the profit and loss account items a: cooperative results: consisting of income and expenses arising from transactions in the activity cooperativizada with partners.


Results extracooperativos: consisting of income and expenses arising from transactions in the activity cooperativizada with non-member third.


Results of economic activities of the cooperativizada, including those resulting from outside sources that finance them, without prejudice to financial expenses that correspond to the cooperative and extracooperativos results that will be part of their respective results.


In addition, be informed specifically on the amount of items that form the result derived from: investment or financial interests in companies.


Disposal of non-current assets with the exceptions established by law.


Intercooperativos agreements.


In the event that the cooperative may issue the abbreviated model of memory, may group together the various items making up the account of profit and loss that affect the different results that has been mentioned previously.


For the elaboration of the above information, must apply the following rules of preparation of annual accounts: the allocation of revenues and direct expenses and the allocation of common expenses and revenues will be taking into account: to) identify each of the activities undertaken by the cooperative as indicated above.


(b) to each activity costs and income that apply exclusively or direct way is assigned and shall be charged with the common to two or more activities rational criteria.


(c) the allocation of expenditures and revenue common, will be based on indicators or criteria as objective as possible and that fit the most common practices in this respect in the industry, always with the orientation that expenditures and income charged to each activity, be it more parallel to the cost or costs that have most significant functional relationship with the activities carried out , and in tune with the proper correlation of income and expenses.


(d) in accordance with the principle of uniformity, assignment and allocation of income and expenses criteria must be established and applied systematically, staying in a uniform manner over time.


The assignment and allocation criteria used will be detailed in the memory and, where exceptional and justified reasons they came to modify these criteria, you must realize also in memory of these reasons, as well as the quantitative impact of such changes in the valuation, considering that the changes occur at the beginning of the year.


In the cooperative integrals the above information only refers to activities cooperativizadas according to which the result is distributed.


((b) "information separated by sections"-when cooperative societies have different sections will report separately on assets, liabilities, expenses and income for each of the sections of the cooperative society, taking into account the statutes and these rules contained in the rules of preparation of annual accounts: to) identify each of the sections formed by the cooperative society defined according to the specific regulations, provided that they are significant.


Financial operations which not attributable specifically to a section of those indicated above, shall be charged to the general "section of the cooperative".


(b) to each section is assigned the assets, liabilities, expenses and income that apply to either exclusive or direct and shall be charged with rational criteria, taking into account as indicated in the following letters of this standard, the common to two or more sections.


(c) in cases where with rational criteria can be specific imputation to one or more sections of the assets, liabilities, income and expenses arising from: financial investments.


Deferred expenses.


Treasury.


Debtors by trafficking operations.


Own funds.


To deferred income.


Provisions for risks and charges.


Creditors.


Education, training and promotion fund.


His assignment will be to the "general section of the cooperative", explaining the circumstances that motivate this allocation in memory.


(d) the allocation of assets, liabilities, expenses and revenues common, will be based on indicators or criteria as objective as possible and that fit the most common practices in this respect, always with the orientation that expenditures and income charged to each section, are the more parallel to the cost or costs that have most significant functional relationship with the activities carried out.


(e) the criteria for assignment and allocation of assets, liabilities, income and expenses must be established and applied consistently, staying in a uniform manner over time.


The assignment and allocation criteria used will be detailed in the memory and, where exceptional and justified reasons they came to modify these criteria, you must realize also in memory of these reasons, as well as the quantitative impact of such changes in the valuation, considering that the changes occur at the beginning of the year.


Models collecting the above information are as follows: models: (see image pages 46297 and 46298) c) "Fund of education, training and promotion".


Be informed about: analysis of the movement of this grouping of balance during the financial year, indicating: balance initial endowments applications balance final allocations for the period detail, breaking down the different concepts that integrate them: endowment of the Fund of education, training and promotion of the exercise: concepts comprising the amount - amount depending on the benefits of the cooperative in accordance with the law.


-Interest or income from investments of the Fund.


-Economic sanctions imposed on members.


-Subsidies, grants and other aid.


-Other concepts.


...


...


Total allocations for the detail of the applications of the exercise period, breaking down the different concepts that integrate them: applications of the Fund of education, training and promotion of exercise: concepts that materialize amount is itemised the various operations and amounts in accordance with the nature of the application.


- ...


- ...


All applications for the year assets and to the fulfilment of the purposes of this heading, detailing the following: significant elements pertaining to the fulfilment of the purposes of the Fund.


The amortization of these elements.


Provisions and other valuation corrections affecting them.



When the law required it you must learn about the liquidation budget of revenue and expenditure of the Fund for the previous year, and the plan of investments and expenses for the current year.


(d) "operations with partners".


In the standard model of memory: 1. shall be informed about the policy followed by the cooperative with respect to the procurement operations with partners, in particular to each type of significant operation, indicating the following: games account of income relating to procurement of partners amount of acquisition.........


Relationship with the account items of income relating to procurement of partners, must be the breakdown required of each one of them according to their nature.


2 be informed about the policy followed by the cooperative with respect to income earned in operations with partners, in particular to each type of operation, indicating the following: account items of income income of partners cost of goods and services delivered.........


In the cooperative integrals the above information only refers to activities cooperativizadas according to which the result is distributed.


In the abbreviated model of memory: be informed about the policies followed by the cooperative on the cooperativizadas, active and passive operations, carried out with partners.


For this purpose, in the cooperative integral means cooperativizada activity that or those according to which the result is distributed.


(e) "temporary Capital".


Be designated the amount that is issued as a temporary "capital" indicating the due date and the number of members in this situation.


15.2. the paragraph 3. "Distribution of results" of normal and short models from the notes on the accounts included in the fourth part of the chart of accounts will be written in the following manner: 3. "Interests of capital and distribution of results".


3.1. information: characteristics and amount of remuneration of contributions to the share capital in accordance with the current accounting Plan adapted to the specific conditions of the cooperative societies.


Amount of compensation of compulsory and voluntary contributions to the share capital, indicating the form of calculation of such remuneration; indicating, also and in a way it is expressed, that meet the requirements established by law, and that, in any case, such remuneration exceeds the limits established by law.


Amount of remuneration for the shares issued by the cooperatives, which have the consideration of equity.


Amount of the remuneration of the subordinated debt of cooperatives, having consideration of own funds.


3.2 information on the proposed distribution of benefits, in accordance with the following schema: Base of distribution amount losses and gains (benefit available).


Remnant.


Voluntary reserves.


Reservations...


Total .................. ...............


Distribution or application amount to A mandatory reserve fund reserves voluntary fund for repayment or upgrade to return cooperative to pay to offset losses from prior years (cooperative to offset credit for returns) to share capital Total......


3.3 limitations for the distribution of "cooperative returns".


15.3. the "Own funds" section of the notes on the accounts included in the fourth part of the chart of accounts, will be drafted in the following way: in the standard model of memory: 10. 10.1 equity analysis of movement during the exercise of each item of the balance included in this group; indicating the origin of the increases and decreases causes, as well as the beginning balances and final.


10.2 information: the amount of the minimum share capital set out in the statutes and justification, in your case, your total outlay from the Constitution of the cooperative. In the case of non-monetary contributions to the registered capital, must declare in the exercise that joins the valuation set by the Governing Council. You must also indicate and justify, in his case, that the amount of the contributions made by the partners does not exceed the percentage set by law. Also be informed about the amount of the share capital corresponding to partners or attached.


The amount of share capital which corresponds to inactive members, non-users or surpluses, honorary members, as well as the number of partners that are in each of these situations.


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


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


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


Increase social capital in course, indicating the contributions to subscribe, their amount, the initial outlay, rights which incorporate and restrictions that will be; as well as, the term granted for the subscription.


Reductions in share capital in the process, indicating their nature, amount as well as any other circumstance that is significant.


Specific circumstances that restrict the availability of reserves.


The amount of the resulting refund of the payment of contributions in accordance with provisions of the law, noting the amount of deductions taken. Also, indicate the repayment period and the amount of interest that must be paid annually together with the part of the amount to be refunded.


The amount of funding subordinate due in liquidation which, pursuant to this provision, the nature of equity. Also, be informed about the amount and characteristics of remuneration of debt subordinate due in the liquidation.


When the law so requires, be informed on amounts still to be provide in the exercise to "Mandatory reserve fund".


Amount of voluntary reserves that are repartibles and not repartibles in accordance with the law.


In the abbreviated model of memory: 6. own funds analysis of movement during the exercise of each item of the balance included in this group; indicating the origins of increases and decreases causes, as well as the beginning balances and final.


In particular, it will report on: the amount of the minimum share capital set out in the statutes and the justification of their total disbursement since the establishment of the cooperative; in the case of non-monetary contributions to the registered capital is must declare the valuation set by the Governing Council; the amount of the contributions made by the partners; the amount of the share capital corresponding to partners or attached; the amount of share capital which corresponds to inactive members, non-users or surpluses, honorary members, as well as the number of partners that are in each of these situations and the number of partners to test and the proportion they represent in relation to the total number of members of the cooperative.


When the law so requires, be informed on amounts still to be provide in the exercise to "Mandatory reserve fund".


The amount of the voluntary reserves that are repartibles and not repartibles.


15.4. the "Fiscal situation" section of memory normal model of annual accounts included in the fourth part of the chart of accounts, will be drafted in the following way: 15. Situation tax explanation of the differences between the surplus of the cooperative of the year and the fiscal result.


Reconciliation of the result with the tax base of tax over societies of the cooperative in the exercise......


Increases decreases tax.........


Permanent differences.........


Temporary differences:-with origin in the exercise......... - with origin in previous years.........


Taxable income (tax result)...


In addition, the following information shall be indicated: the difference between the tax charged to exercise and previous financial years and the amount of tax or that it will pay for these exercises, in that that difference has a certain interest regarding the future tax burden. This difference, must be broken by distinguishing between advance tax and deferred tax.


The differences that occur between the accounting valuation and which correspond by exceptional value adjustments of the elements of the fixed assets and current assets that are due only to the application of the tax legislation, duly justified.


Negative intact arrears to compensate fiscally, indicating the time and the conditions to do it.



Nature and amount of tax incentives applied during exercise, such as deductions and incentives to investment, creation of employment, etc., as well as the slopes of deducing.


Also, regardless of the incentives mentioned that the cooperative enjoy, must indicate if the cooperative is home to the taxation of cooperatives, specifying if it is a cooperative protected or specially protected.


Commitments in connection with tax incentives.


Any other circumstance substantive in relation to the fiscal situation.


In the event that the cooperative tribute to different types of assessment, previous reports refer to quantities corresponding to each outcome and their reconciliation.


15.5 the point 2 in the section "Income and expenses" from the standard of the notes on the accounts included in the fourth part of the chart of accounts, is drawn up as follows: 17. Income and expenses.


2. information: transactions with Group companies and associated detailing the following: purchases made, refunds of purchases and "rappels".


Sales, sales and "rappels" returns.


Received and rendered services.


Interest paid and charged.


Dividends and other earnings.


Transactions in currencies other than the euro, indicating separate purchases, sales and services received and rendered.


The distribution of the net amount of the turnover corresponding to the ordinary activities of the cooperative, by categories of activity and geographical markets. The omission of the information required at this point, when by its very nature would result in serious damage to the cooperative must be justified.


Average number of persons employed during the financial year, broken down by categories.


Expenses and extraordinary income, including income and expenditure relating to previous financial years.


Expenses and income which, having been recorded during the year, corresponding to another post.


Revenue and expenditure charged to exercise which have to be fulfilled in another post.





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