As laid down in Law 46/1998 of 17 December 2001 on the introduction of the euro, the so-called 'transitional period for the introduction of the euro', which was launched on 1 January 1999, is completed on 31 December 2001. that the euro became the currency of the national monetary system. During this period the euro and the peseta have coexisted-albeit the latter as a sub-divisional of the former-as units of account of the monetary system in every legal instrument and as means of payment.

However, from 1 January 2002, the peseta will lose the consideration of the unit of account of the monetary system, thus leaving the euro as the only unit of account throughout the national territory.

Also, as of March 1, 2002, the peseta will also lose its consideration of payment of legal tender, while retaining a mere exchange value with the Banco de España.

The Order of the Minister for Economic Affairs and Finance of 18 February 1999, which provides instructions for public accounting for the transitional period for the introduction of the euro and amends the General Accounting Plan Public, it established that during this transitional period both the accounting records and the accounting information of the entities belonging to the state public sector, submitted to the General Public Accounting Plan (PGCP) would be carried out in the unit of account in which their respective budgets are to be approved.

During the exercises that have covered the aforementioned transitional period, the General Budget of the State, in which the budgets of the state public sector entities submitted to the PGCP, are integrated, among others. they have been approved in pesetas, so the accounting records and the accounting information of such entities have been carried out in that unit of account.

However, as of 1 January 2002, when the peseta disappeared as a unit of account of the national monetary system, the General Budget of the State and therefore the budgets of the public accounting entities in them In addition, the accounting records to be carried out by these institutions and their accounting information shall necessarily be made in euro.

For all of the above, it is necessary to lay down the necessary rules governing the transfer of an accounting in pesetas-the one carried by these entities until 31 December 2001-to an accounting in euros, starting from 1 January of 2002. The criteria for making such a transfer are broadly based on Law 46/1998, but they are specifically regulated and developed for state public sector entities submitted to the PGCP, in this Order.

This Order consists of six rules, a transitional provision and three final provisions.

The first rule, establishes who are the recipients of the same, all state public sector entities submitted to PGCP. These are the same addressees of the Order of 18 February 1999, mentioned above, of which the present is a necessary supplement to the closure of the accounting adjustment process to the euro for these entities.

The second rule states the obligation to carry out, as from 1 January 2002, the accounting records in euro, and to draw up the accounting information relating to the financial years starting from that date. that unit of account.

The third rule establishes the procedure for the conversion of the accounting records into pesetas to accounting records in euros. The same third standard is also regulated as the differences in rounding that may arise as a result of the transfer of the information in pesetas to information in the financial accounts of these entities are to be recorded in the patrimonial economic accounts of these entities. euro. The criterion of highlighting those differences in the opening seat of the entity's economic accounts is taken into account by the allocation of those differences to accounts for expenditure and financial revenue for the financial year 2002.

The fourth rule regulates the registration and imputation of the rounding differences produced in the entity's treasury and that have not been revealed at the time of the opening of the same, either because they had not been produced to that date or because their amount had not been determined. In this rule, the rounding differences arising from the existence of pesetas in the cash boxes of the entity as well as rounding differences that occur in their bank accounts are regulated. In relation to the rounding differences regarding the payment restricted bank accounts the standard refers to the General Intervention of the State Administration the development of the same.

The fifth rule states that information should be included in the memory of the annual accounts for the financial year 2002 in relation to the process of conversion of pesetas to euro.

Standard sixth establishes the inclusion in the state of Treasury of the memory of the annual accounts of the entities included in the scope of this Order, of the rounding differences relative to the treasury of the entity in the reflected.

In addition, a transitional arrangement and three endings are included in the text.

The transitional provision amends, with exclusive application for the financial year 2002, the operation to be carried out in respect of the operations to be applied to the budget at 31 December 2001, as well as the order of precedence for the implementation of the new budget of expenditure commitments and other operations of previous years, established respectively in Rules 52 and 55 of the Accounting Office of the Office of the Accounting Officer, to continue in the execution of State expenditure, approved by the Order of the Ministry of Economy and Finance of 1 February 1996.

The previous amendment is a consequence of the provisions of the second provision of Law 13/2000 of December 28 of the State Budget for the year 2001.

The final provision first establishes a set of rules regarding references in accounting standards and documents to pesetas and national currency, which as of January 1, 2002 will not, in strict, correct terms.

The second final provision empowers the General Intervention of Social Security, in the field of the entities that make up the Social Security System, to develop the present Order within the powers conferred on it. gives the recast text of the General Budget Law.

Finally, a third final disposition is included, indicating the moment of entry into force of this Order.

In its virtue, on the proposal of the General Intervention of the State Administration, and in the use of the powers granted to this Ministry by Articles 124 and 125 of the recast text of the General Budget Law and the one of the second final provision of Law 46/1998, of 17 December, on the introduction of the Euro, according to the Council of State, I come to have:

First. Scope of application. -The rules contained in this Order apply to the General Administration of the State, its autonomous agencies and all public bodies integrated in the State Public Sector that must be trained and accountable. their accounts in accordance with the General Public Accounting Plan.

Second. Unit of account in which the accounting records are made and the accounting information is expressed as of 1 January 2002. From 1 January 2002, the accounting of the entities integrated in the scope of this Order (a) a ministerial meeting of the European Council.

As of 1 January 2002, the documents to be used as a support for the accounting records of transactions shall be completed in the euro account unit.

Also, the annual accounts to be given to the Court of Auditors by the entities integrated in the field of application of this standard, relating to exercises which are closed from 1 January 2002, shall be expressed in euro.

Third. Conversion of the information into pesetas to information in euro in the accounting information systems of the entities submitted to the General Plan of Public Accounting. -1. The conversion of the accounting records into pesetas corresponding to operations in force for accounting records in euro shall be made at the opening of the accounts at 1 January 2002, applying to the information contained in the records in pesetas, at the close of the previous financial year, the conversion rate and the rounding established in Article 11 of Law 46/1998 of 17 December on the introduction of the euro, in accordance with the procedure laid down in the paragraph next.

The conversion of amounts in pesetas to amounts in euro shall be made at the highest level of disaggregation with which the data of the transactions in the institution's accounting information system are recorded, adding subsequently the above amounts to the level set for each registration.

If, as a consequence of the conversion of the pesetas to euro information, rounding differences occur, these shall be recorded in the entity's economic accounting, in the opening seat of the entity, as expenditure or as financial income through the corresponding expenditure or revenue accounts for differences of rounding euro, as provided for in the General Public Accounting Plan for this purpose.

2. They may be converted into euro in an aggregated manner, by application of the principle of relative importance, for data which is exceptionally not available at the time of the opening of the accounting for details in euro. Where such detailed information is available in euro, the accounting records to which it is concerned shall be adjusted in accordance with the criterion set out in point 1 above.

If, as a result of the adjustments provided for in the preceding paragraph, corrections to the balances existing at 1 January 2002 are to be made in the entity's wealth accounting, they shall be made up to 31 December 2002, using as a counterpart the corresponding expenditure or financial income accounts due to the rounding differences provided for in the General Plan of Public Accounting according to its sign.

Fourth. Record of the rounding differences produced in the treasury of the integrated entities within the scope of this standard. -1. Rounding differences arising from stocks in cash in the cash box: Entities which, as at 31 December 2001, have stocks in the cash box which are materialised in pesetas, shall be valued at 1 January of this year. 2002, on the basis of the euro equivalent of its balance of accounts in pesetas.

With the frequency of the entity performing the actual cash box tonnage, the entities referred to in the preceding paragraph shall compare the accounting balance in euro of the representative account of the cash box and the actual balance of the same value in euro, determined in the cash tonnage to those dates. The difference between the two balances resulting from the rounding off shall be positive if the accounting balance is less than the actual and negative balance if the accounting balance is greater than the actual balance. In both cases, they must be adjusted in the entity's economic accounts, so that both balances coincide.

The record of positive differences will result in the entity's wealth accounting of a debit in the representative account of the cash box and a credit on account 7698 " Income from differences arising from the Euro rounding " provided for in the General Public Accounting Plan.

The record of the negative differences will result in a debit in the account 6698 "Expenditure for differences arising from the rounding euro" with credit to the representative account of the cash box.

The General Administration of the State shall carry out the annotations provided for in the preceding paragraphs using the Accounting Document for its registration in the Accounting Information System. Box in pesetas ' the model and rules for completion are set out in the Annex to this Order.

2. Rounding differences in the bank accounts of the institution other than the payment restricted: The balance in euro of the accounts held by the institution in credit institutions as at 31 December 2001, other than that of the accounts Restricted payments may be determined as at 1 January 2002 by any of the following methods:

(a) By the equivalent in euro of the balance of accounts in pesetas which each of the accounts held at 31 December 2001.

(b) By the bank balance at 31 December 2001, converted into euro plus each of the positive items of the reconciliation with the accounting balance to that date converted into euro, minus each of the negative items of reconciliation with the book balance converted to euro, for each of the bank accounts at 31 December 2001.

If the entity has determined the euro accounting balance of the accounts opened in banks and credit institutions by the procedure set out in paragraph (a) above, rounding differences may arise as as a result of the bank charge during the financial year which the institution had already registered at 31 December 2001 and vice versa.

The rounding differences referred to in the preceding paragraph shall be adjusted at least at 31 December 2002 in the entity's economic assets accounting by means of a debit in the relevant cash account, if they are positive, with credit to account 7698 'Income from differences arising from the rounding of euro' provided for in the General Public Accounting Plan, or by a debit on account 6698 'Expenditure on differences arising from the rounding of euro' with credit to the relevant cash account, if they are negative.

Also, if at 31 December 2002, there are items relating to the bank reconciliation carried out at 31 December 2001, not yet imputed and therefore included in the conciliation procedure. date, the rounding differences relating to those items shall be determined and imputed at that time as expenditure or revenue from the financial year.

The General Administration of the State shall make the annotations provided for in the preceding paragraphs using the Accounting Document "Differences in the rounding of bank accounts" for its registration in the Accounting Information System in euro ', the model and rules for completion of which are set out in the Annex to the Resolution of 23 February 1999, of the General Intervention of the State Administration, which regulates the accounting of differences by rounding produce as a result of the existence of euro bank accounts and accounting records in pesetas.

3. Rounding differences in the payment restricted accounts: The euro book balance of the payment restricted accounts which the institution has opened in banks and credit institutions as at 1 January 2002 shall be determined by the value of the The balance of accounts in pesetas as at 31 December 2001.

The General Intervention of the State Administration shall dictate the precise instructions for registration in the holding entity of the payment restricted accounts of the rounding differences that occur, both in the the opening of the accounts as at 1 January 2002 as in the financial year 2002.

Fifth. Information in the memory of the annual accounts relating to the peseta-euro conversion process.-The annual accounts for the financial year 2002 will be reported on the process of conversion of information into pesetas for information in euro describing the criteria used for each of the accounts of the opening of the accounts.

A supporting statement of the amounts of the opening seat accounts shall also be accompanied, reflecting the rounding differences for each of them.

Sixth. State of Treasury. -In the State of Treasury, integrated in the memory of the annual accounts of the entities submitted to the PGCP, for the financial year 2002, the rounding differences that have affected the treasury of the entity will be integrated during the period that financial year, determined in accordance with the provisions of the fourth rule of this Ministerial Order, the amount of which shall be added or subtracted, in accordance with its sign, from the difference between charges and payments determined in accordance with paragraphs 1 and 2 of that Regulation; state.

Single transient arrangement.

As a consequence of the provisions of the second provision of Law 13/2000, of December 28, of General State Budgets for the year 2001, the rules 52 "Operations to be applied to the budget" and 55 "Implementation of the new budget of expenditure commitments and other operations" of the Accounting Office of Operations to continue in the execution of State Expenditure, approved by the Order of the Ministry of Economy and Finance of 1 February 1996, shall, for the financial year 2002, have the following wording:

" Rule 52. "Operations to be applied to the budget."

Where, for justified reasons, the recognition of obligations relating to goods or services actually received in that financial year has not been carried out within the year 2001, the centres of expenditure take the appropriate measures to send to the accountancy office before the end of January of the following year the documents necessary to record those obligations under the budget for the financial year 2002.

Taking as a reference the date of completion of the expenditure which, as provided for in point 5 of Rule 23, must appear in the accounting document, shall be recorded in the economic accounts for the financial year 2001. a creditor for operations pending the implementation of the budget, through the account 409 provided for in the General Plan of Public Accounting. This account shall be settled when the budgetary allocation for the operation in the following financial year is recorded in the economic accounts.

Subsequently, the accounting office must obtain a list of all the transactions recorded in accordance with the procedure laid down in this rule, which shall justify the aforementioned entries in the accounts economic-heritage of the previous year. "

"Rule 55" Application to the new Expense Commitments Budget and other operations ".

1. Following the closure of the expenditure budget for the financial year 2001 and the opening of the expenditure budget for the financial year 2002, the budget shall be recorded in accordance with the criterion laid down in the third of the budget. Order of the Ministry of Finance of 19 October 2001, which regulates the transition from an accounting in pesetas to an accounting in euros in the General Administration of the State and in those public bodies submitted to the General Plan of Public Accounting, and on the following order:

First.-The annuities corresponding to the financial year starting from the multiannual expenditure commitments entered into in previous years will be counted.

Second. -All expenditure commitments which in the previous year's budget would have been outstanding from the recognition of obligations, provided that such commitments were effectively contracted with a a person or entity clearly identified in the relevant file and other than the General Administration of the State.

Third. -Annualities corresponding to the financial year starting from multi-annual credit holds made in previous years relating to files registered on the basis of the provisions of Article 3 of Law 11/1996, of 27 December, of Measures of Budgetary Discipline, and in the additional provision fourteenth of the recast text of the Law of Contracts of Public Administrations and in the transitional provision sixth of Law 50/1998, of 30 of December, of Fiscal, Administrative and Social Order Measures, which are pending compromise.

Fourth. -Credit deductions that in the budget of the previous financial year would have been left to be committed in relation to files registered on the basis of the provisions of Article 3 of Law 11/1996, 27 of December, of Measures of Budgetary Discipline, and in the additional provision fourteenth of the recast text of the Law of Contracts of Public Administrations and in the transitional provision sixth of Law 50/1998, of December 30, Fiscal, Administrative and Social Order measures.

Fifth. -And by this order, the commitments and the authorizations for advance processing referred to in Section 5.a of this chapter, as well as the taking of reason of those files of advance processing for which I do not know has accounted for the approval of the expenditure.

2. Once the operations described in the preceding paragraph have been recorded, the accounting office shall obtain supporting documents relating to those operations, specifying the files concerned with one to one, indicating all the information required. relating to their accounting records, which shall be sent to the corresponding Management Services.

3. On the basis of the previous supporting documents, the Management Services shall verify that the amounts converted into euro, for which the previous transactions have been entered, are in accordance with the amounts deducted from the conversion of the detail information for the corresponding operations.

If, as a result of the verification referred to in the preceding paragraph, there are differences involving an increase or decrease in the recorded amounts of the previous operations, the Manager Service it shall issue the accounting documents which are complementary to the operation to which they relate.

4. Where there is no credit in the current financial year's budget, or is insufficient to cover the expenditure operations referred to in point 1 above, the accounting information system shall provide a list of those transactions. which could not have been imputed to the budget, indicating the various files concerned.

The accounting office shall forward this relationship to the respective Management Service, which shall determine the actions to be taken. "

Final disposition first.

As of 1 January 2002, all references to foreign currency included in the accounting rules applicable to entities incorporated in the scope of this rule shall be construed as being made to " currency other than euro. " All references to peseta, in the same rules, shall also be construed as being made to euro.

As of 1 January 2002, all references to pesetas included in the accounting documents to be used by the General Administration of the State in the register of its operations to pesetas shall be understood to be EUR. Also, all references made in the same documents to foreign currency or foreign currency shall be construed as being made to "currency other than the euro".

The indicative "unit of account", which has been included in the accounting documents of the expenditure budget of the General Administration of the State, which expresses the unit of account in which the file has been processed, disappears, to lose their sense, starting from 1 January 2002.

As of January 1, 2002, the data "amount", to be completed in the accounting records that are recorded in the Accounting System of each entity, will be carried out in euros with two decimal places.

Also, the fields "amount", as provided for in the accounting documents to be used by the General Administration of the State for the registration of its operations, shall be completed in euro with two decimal places.

Final disposition second.

The General Intervention of Social Security, within the scope of the entities that make up the Social Security System, will dictate the relevant accounting instructions on the operations referred to in this Order, in the framework of the powers laid down in Article 151 (3) (c) of the recast text of the General Budget Law, adopted by Royal Decree No 1091/1988 of 23 September 1988.

Final disposition third.

This Order shall enter into force on the day following that of its publication in the "Official State Gazette".

Madrid, 19 October 2001.

MONTORO ROMERO

ANNEX

(VIEW IMAGE, PAGE 39535)

Fulfillment rules

To fill in the document "Stock-in-stock rounding-off differences" the following clarification notes will be taken into account:

1. Accounting office: The code and name for the accounting office of the managing centre affected by the operation shall be indicated.

2. Sign: The appropriate box shall be indicated.

It will be positive differences that increase the balance of the treasury ordinal. It will be negative differences which will decrease this balance.

3. Exercise: The financial year in which the transaction is to be accounted shall be indicated.

4. Treasury ordinal: Code assigned in the treasury subsystem of the Accounting Information System to the cash box that is adjusted.

5. The initial and final dates of the period referred to in the adjustment shall be entered.

6. Amount (in point): The amount of the adjustment shall be entered in point.

7. Amount: The same amount as the previous note shall be indicated in figures.

8. Free text: Space intended to indicate, where appropriate, the clarification notes for the operation being recorded.

9. The date of issue of the document and the signature of the Chief Accounting Officer shall be entered in this space.

10. In this space it will extend the due diligence that accredits the registration of the operation.