Article 8 of Law 19/1989 of 25 July 1989 on the partial reform and adaptation of commercial law to the Directives of the European Economic Community on companies and the second provision of the text recast of the Law of Companies, approved by Royal Legislative Decree 1564/1989, of December 22, authorize the Minister of Economy and Finance to, on a proposal from the Institute of Accounting and Audit of Accounts, and by Order, approve the sectoral adaptations to the General Accounting Plan, when the nature of the the activity of such sectors requires a change in the structure, nomenclature and terminology of the balance sheet items and the profit and loss account.

Likewise, the final provision of Royal Decree 1643/1990 of 20 December, which approves the General Accounting Plan, provides for approval by the Minister of Economy and Finance, on a proposal from the Institute of Accounting and Audit of Accounts, and by Order, of the sectoral adaptations of the General Accounting Plan, adding that such sectoral adaptations will be drawn up taking into account the characteristics and nature of the activities of the specific sector in question, in accordance with both the rules and criteria the structure, nomenclature and terminology of the annual accounts.

In this respect it is noted that according to the article 4 of Royal Decree 557/2000, of 27 April, of restructuring of the ministerial departments, the competences until now attributed in this matter to the minister of Economy and Finance, correspond to the Minister of Economy.

For these purposes, a working group to adapt the General Accounting Plan to the specific characteristics and the nature of the operations and to the nature of the operations was established within the Institute of Accounting and Audit of Accounts. activities of the wine sector.

Elaborate adaptation standards are structured as well as the General Accounting Plan in five parts, which are preceded by an Introduction explaining the main characteristics of the activity of the companies in the wine sector, as well as the amendments made to this adaptation and their justification.

The first part, accounting principles, has not been modified in relation to the General Accounting Plan.

In the second part, table of accounts, although not trying to exhaust all the possibilities that can occur in reality, specific accounts have been enabled for the companies of the wine sector, and have been eliminated, in certain cases, as provided for in the General Accounting Plan, without prejudice to the possibility of being used if certain transactions so require. However, as in the General Accounting Plan, the table of accounts is not to be compulsory as regards the numbering and denomination of the accounts, although it constitutes a guide or a binding reference in relation to the headings of the accounts. annual accounts.

The third part, definitions and accounting relationships, gives content and clarity to the accounts under the definitions that are incorporated, adding the specific concepts of the activity of the wine sector.

This third party will also not be mandatory, except in that which refers to or contains valuation criteria or serves for its interpretation, and without prejudice to the explanatory character of the different headings of the annual accounts.

The fourth part, annual accounts, of mandatory compliance, includes the "Rules for the elaboration of annual accounts", in which the requirements for formulating the models of annual accounts in their normal or abbreviated system are collected, as well as clarifications and rules on the material content and the way to complete them. Also included in this part are the models of balance sheet, profit and loss account and memory, which have undergone modifications to adapt their various items to the special characteristics of the companies of the wine sector.

Also, the fourth part of these adaptation rules includes the amendments made to the recast text of the Companies Act by the additional provision of Law 2/1995, of 23 March, of Companies Limited liability as well as the provisions of Royal Decree 572/1997 of 18 April 1997. These modifications have reflected in the present adaptation rules, although they are generally applicable, and can be concretized basically in a new wording of Articles 181 and 190 by extending the possibility of using the (a) short models of annual accounts and the inclusion in the second indication of Article 200 of an extension of the information contained in the Report.

It should be noted that the adaptation rules that are now approved state that the annual accounts should be made in euros. However, a transitional provision is included which sets out the criteria approved by Royal Decree 2814/1998 of 23 December 1998 approving the rules on accounting aspects of the introduction of the euro, so that during the Transitional period for the introduction of the single currency will be reproduced as the option provided for in the standard.

The fifth part, valuation rules, has been modified as it incorporates the mandatory criteria for valuation and accounting of the economic operations and operations carried out by these companies.

In the valuation rules it is included as has already been done in other adaptations of recent approval, although it has general scope, the modification of the accounting treatment of the goodwill introduced in Article 194, paragraph 2, of the recast of the Law on Limited Companies, in the terms laid down in the additional provision, fifteenth paragraph 11 of Law 37/1998 of 16 November, of the reform of Law 24/1988 of 28 July of the Market of Values, to be applied in accordance with the provisions of paragraph 12 of that additional provision.

In the text of the rules for the adaptation of the General Accounting Plan to companies in the wine sector, which is inserted below, only those parts which have been modified in respect of this text have been included. to which the rest fully agrees.

In relation to the foregoing, it must be specified that in all the non-modified provisions the General Accounting Plan will be applied in the terms provided for in Royal Decree 1643/1990 of 20 December, as well as the Resolutions issued by the Accounting and Audit Institute under the fifth final provision of the aforementioned standard.

In order to clearly define the application of the various sectoral adaptations for those undertakings which jointly carry out various activities, an additional provision is introduced in general, which establishes the obligation of the rules governing each activity, specifying that in any case the relevant valuation rules will be applied and that the annual accounts will be formulated taking into account the specific information of each activity.

This Order also contains a final provision that includes the date of entry into force, as well as the enforcement of these rules of adaptation to the General Accounting Plan.

For all the above, in order to allow companies in the wine sector to have a technically prepared text to provide, in a standardised manner, the corresponding accounting information, in agreement with the Council of State, and on a proposal from the Accounting and Audit Institute of Accounts, this Ministry has agreed:

First. Approval.-To approve the rules for adapting the General Accounting Plan to companies in the wine sector, the text of which is inserted below.

Second. Scope and enforcement. -1. This text will be mandatory for all companies, regardless of their legal, individual or corporate form, which must be kept in accordance with the Trade Code.

By way of derogation from the preceding subparagraph, the numbering and the denomination of accounts of the second part of these adaptation rules, and the accounting movements included in the accounts, shall not be binding. the third part of them.

2. The General Accounting Plan will be implemented in all the unmodified terms in the terms of Royal Decree 1643/1990 of 20 December 1990, as well as the resolutions issued by the Accounting and Audit Institute of Accounts of the fifth final provision of the said standard.

Single additional disposition. Multiactivity.

For companies that perform the activity of the wine sector in conjunction with another or other ordinary activities, the adjustment rules for each activity shall apply. In any case, the following applies:

1. The valuation rules that correspond to each of the activities.

2. The annual accounts shall be drawn up:

In the Balance and Loss Account and Earnings models, all items corresponding to the various activities, according to the normal or abbreviated model, shall appear, provided that they are significant, in terms of business or in the amount of expenditure, without prejudice to the provisions on grouping, subdivision and the addition of items.

In the Memory, all the information corresponding to each of the activities must be included, breaking down, where appropriate, the corresponding material and intangible fixed assets, stocks, credits and debits for traffic operations, operating expenses and operating income, as well as the turnover corresponding to each activity.

Single transient arrangement. Formulation of annual accounts.

The annual accounts for the financial years for which the closing date occurs during the transitional period for the introduction of the euro, covering from 1 January 1999 to 31 December 2001, may be expressed in pesetas or in euros in accordance with the provisions of Royal Decree 2814/1998 of 23 December 1998 approving the rules on accounting aspects of the introduction of the euro.

Single end disposition. Entry into force.

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

The rules for the adaptation of the General Accounting Plan shall be binding, in the terms set out in the second paragraph of this Order, for exercises that are initiated after the date of entry into force of the Order.

Madrid, 11 May 2001.

HANGING OUT AND FIGAREDO

Ilmos. Mr Undersecretary for Economic Affairs and President of the Accounting and Audit Institute.

RULES FOR ADAPTING THE GENERAL ACCOUNTING PLAN TO THE WINE SECTOR

Introduction

I

1. After a time since the adoption of Law 19/1989 of 25 July, of partial reform and adaptation of the commercial law to the directives of the EEC in the field of societies, and consequently amended the Code of Commerce and the Law of Companies Anonymous, the regulatory development in the field of accounting was produced through Royal Decree 1643/1990, of December 20, for which the General Plan of Accounting is approved.

From this moment on, it is possible to speak properly of the existence of a true accounting law, which is characterized by the existence of general principles recognized in these legal norms. In

this sense, the independence of the accounting regulations regarding those other norms that can also be found subject to the accounting subjects (fiscal, mercantile and financial supervision), allows to maintain the objective of the accounting rules which, in short, is to obtain pure economic information, directed at the user in general, without prejudice to the necessary coordination which must exist between the accounts and those disciplines, which determine a part of the information to be taken into account when reflecting the annual accounts; economic reality of the various operations and situations of the companies.

As it is recognized in the introduction of the aforementioned Plan, important work remained outstanding that would be the subject of a later development, among which the relative to the adaptations of the Plan that would be necessary for those sectors, whose differential characteristics cannot be included in a general rule, so they require specific rules of assessment or a structure or terminology of their own in the model of accounts year.

Until now, by virtue of the content of the final provision of Royal Decree 1643/1990 of 20 December 1990, which states that the approval of the rules of sectoral adaptation to the Minister for Economic Affairs and Finance is concerned, on a proposal from the Accounting and Audit Institute of Accounts, the following have been approved:

Construction companies (Order of 27 January 1993).

Sports Federations (Order of 2 February 1994).

Real Estate Companies (Order of 28 December 1994).

Public limited liability companies (Order of 23 June 1995, today repealed by the update of that made by Order of 27 June 2000).

Health care companies (Order of 23 December 1996); Companies in the electricity sector (Royal Decree 437/1998 of 20 March; this range is required by Article 20 of Law 54/1997 of 27 November 1997). Electric).

Non-profit entities (Royal Decree 776/1998 of 30 April 1998; this rule is dictated in compliance with the provisions of the eighth additional provision of Law 30/1994, of 24 November, of Foundations and Incentives Tax on Private Participation in Activities of General Interest).

concessionary companies for motorways, tunnels, bridges and other toll roads (Order of 10 December 1998).

Companies in the water supply and sanitation sector (Order of 10 December 1998).

It should be noted that this normative development must be in tune with the continued emergence of changes in economic and financial systems. In particular, the internationalisation of the markets and the globalisation of the economy increasingly pose the need for greater levels of harmonisation of economic information, the basic objective of which is that of the accounting. Thus, the progress made in accounting matters must be very much in the way of international accounting standards, and in particular those of the European Union, which is currently being the subject of an effort to achieve this. This is the case for a number of countries with a view to avoiding discrepancies in the economic information of companies.

II

2. According to the above, the rules for adapting the General Accounting Plan to the special characteristics of the wine sector companies have been drawn up by a group of experts who have carried out their work at the Institute. Accounting and Audit of Accounts. This working group, composed of representatives from the Ministry of Economy, Ministry of Finance and the Ministry of Agriculture, Fisheries and Food, sector technicians, accounting associations, auditors, as well as Representatives of the University and the Institute itself, in the course of the meetings held, have studied the different issues raised by the subject, delving into the most typical problems of the wine activity and proposing, in each case, the solutions that are judged more reasonable, with the aim of obtaining a text technically appropriate to properly account for the operations which constitute the typical activity of the companies in this sector, enabling the information to be obtained at the end of the financial year by means of an appropriate calculation process. They must, in any case, provide the economic and social operators with the annual accounts; in any case, these rules of adaptation, like all those formulated by the Accounting and Audit Institute, are open for the collection of changes that will be made in the future in terms of the evolution of the sector and the experience in the application of the model.

The present rules are based on the principles, structure and systematic of the General Plan of Accounting, approved by Royal Decree 1643/1990 of 20 December, which constitutes development in the field of In the case of the Court of Justice, the Court held that the Court of Justice held that the Court of Justice held that the Court of Justice held that the Court of Justice held that the Court of First companies, and therefore the Community directives.

3. These adaptation rules shall apply to undertakings which carry out the activities listed below, without prejudice to Article 326 of the Trade Code, in accordance with the name contained in the Royal Decree. 1560/1992, of 18 December, approving the national classification of economic activities, and which have been defined by the working group as follows:

01.131 Crop of the vine.

Production of wine grapes and table grapes; wine production is also included from its own production grapes.

15.9 Beverage production.

Obtaining natural spirits by distillation of wine.

15.93 Wine production.

Elaboration of table wine and denomination of origin, as well as sparkling or gasified.

It will also apply to those activities that are similar, from an economic point of view, to those mentioned above.

4. The adaptation of the General Plan to the companies in the wine sector has been imposed by the special characteristics offered by these companies in relation to other sectors of activity. Among them we can quote:

Agricultural process, derived from the cultivation of the vine, and that had not been addressed by the national accounting regulations.

Specific investments for the production, in particular, the breeding and ageing of the wines.

Time needed to carry out the ageing and ageing process, which in some cases may be higher than the year, which leads to a particular financial structure and the influence of inflation.

Strong seasonality in the use of certain installations linked to the work derived from the harvest, which are usually carried out once a year.

Importance of wine production in the Spanish economy.

5. The working group which has studied the adaptation of the General Accounting Plan was aware, from the outset, that the peculiarities of this sector required a detailed study of the economic facts of the companies of the wine sector, which the General Accounting Plan could not contemplate.

In this process, the working group has analyzed all the criteria set out by its components, although at the time of making decisions, those criteria have been first established, based on the lines set out in the Plan. General Accounting and taking into account the nature of the facts, allow us to achieve a more adequate accounting reflection of its economic and financial significance.

III

6. The rules for adapting the General Accounting Plan to companies in the wine sector have the same structure as that.

Contains five parts:

Accounting principles.

Chart of Accounts.

Definitions and Accounting Relationships.

Annual accounts.

Valuation rules.

7. The first part, accounting principles, does not contain modifications to the text of the General Accounting Plan, since it develops, systematizes and complements the provisions of Article 38 of the Commercial Code, applicable to all types of employers.

8. The second part, table of accounts, incorporates specific accounts and sub-groups of the companies in the wine sector that do not appear in the General Accounting Plan, as well as those that have suffered some form of adaptation. However, in cases where certain transactions so require, these companies will have to use other accounts included in the General Accounting Plan.

The titles and structure of the General Accounting Plan have been respected, as far as possible, but the elaboration of the sectoral adaptation has in some cases demanded the change in the name of accounts, as well as the breakdown of several of them into accounts of four or more figures. On the other hand, specific accounts of the sector's own activity have been enabled.

9. In the third part, definitions and accounting relationships, in order to incorporate the peculiarities of the activity of the companies of the wine sector it has been necessary to make certain changes in the definition and movement of some accounts, between The following are the following:

In Group 1, account 109, "Operational Fund", has been introduced, essentially intended to register the capital written or agreed upon in the founding act of the temporary unions of enterprises and communities of goods, having the particularity of being an account for the exclusive use of these entities.

Subgroup 13 has also experienced modifications. In particular, account 130, "Official Capital Grants", has been extended to specifically collect those received from the European Union, in order to properly register these types of grants. Furthermore, account 132, 'Other grants', which collects the amounts corresponding to grants, donations and legacies, other than those of capital which, in accordance with the relevant standard of assessment, are charged to the results of exercises after that of the concession.

In subgroup 14, account 145, "Provision for environmental actions", is reproduced, as is included in the rules for adapting the General Accounting Plan to companies in the electricity sector, which collects the constituted to meet legal or contractual obligations of the company or commitments acquired by it, to prevent, reduce or repair damage to the environment; and includes account 146, " Provision for productive recovery works of the land ", which allows to be provided on a systematic basis during the exercises in which it is (i) an agricultural land, the amounts necessary to restore the productivity of the said land.

Account 147, "Provision for investments made in agricultural land transferred", records the part of those investments that will not be amortized in the contract period for which the use of the agricultural land has been obtained; is a specificity that is subsequently commented upon in this introduction.

Finally, account 148, "Provision for negative residual value" has been incorporated to record the possible negative residual value of certain types of immobilized.

In group 2 it is important to note:

Account 216, "Replanting Rights", collects the amount of acquisition of the necessary rights to be able to make a plantation of vines.

Account 218 has also been incorporated, "Rights on investments made in agricultural land transferred", in order to incorporate the investments made in agricultural land, the use of which has been obtained by cession, necessary to carry out a certain exploitation of vine cultivation, as is the subject of a comment in this Introduction in the section on valuation standards.

In order to include in a single account the assets related to the planting carried out on the agricultural land on which the vine is grown, account has been created 222, "Plantations and replantations of vines".

A specific topic for the sector, and very specifically for a certain type of production, such as the production of wines and wine derivatives in "soleras and criaderas", has necessitated the creation of an immobilized account material which includes the assets incorporated in these assets to bring this production system into operation; for this account 224, 'Soleras and criaderas' has been enabled. Together with the above, the elements necessary for the production of wine are included in the account 226, "Barricas, boots, deposits and others".

Group 3, dedicated to stocks, has accommodated its structure to the management needs of companies in the wine sector; in this sense it is necessary to emphasize that the following classification of the different products obtained by the sector:

Grapes.

Must.

Calm wines.

Cavas.

Solera wines.

Vinyl Derivatives.

A specific characteristic of the activity of this sector, is the long term necessary for the production of certain wines or wine derivatives.

In this respect, this adaptation, in line with other statements made in accounting standards, is inclined to establish the criterion that the rating of an asset (non-financial) as existence or fixed assets, does not depend on the period of time necessary for its manufacture, but on its purpose; that is, if the product obtained is made to be converted into liquid availabilities through the sale as ordinary activity of the company, this must qualified as stocks.

If, on the other hand, the product obtained by the company is intended to be used to obtain other products that constitute the business of the company, it will be in the presence of a fixed asset.

However, in order to provide the appropriate annual accounts with the appropriate information, stocks have been included with appropriate names that allow them to reflect the cycle of their preparation; these accounts are located in the following subgroups:

33. "Products in short cycle parenting process".

34. "Long-cycle aging and aging products".

These accounts nourish the corresponding balance sheet items, thus achieving the user of the annual accounts can obtain the characteristic information of this type of activity.

Groups 4 and 5 do not have wide variations regarding the contents of the General Accounting Plan. However, it is necessary to quote, in Group 4, the necessary ones to adapt certain concepts, relating to the Corporate Tax, to Law 43/1995, of 27 December, of the Tax on Societies; account 448 has also been created.

Debtors for indemnities of insurance entities in the activity " to collect the credits with the insurance entities as a result of compensation to be paid, circumstance that is incorporated in the present rules, can be used in other sectors of activity.

For its part, subgroup 55 contains an account not provided for in the General Accounting Plan, account 554 through which transactions are collected with the temporary unions of companies and communities of goods in which the company participates.

Group 6 incorporates the different concepts of expenditure that it has been necessary to include in order to give adequate registration to the specific operations of this sector of activity.

As far as Group 7 is concerned, as in Group 6, sector-specific accounts are introduced.

A singular issue has been the connection with the activities carried out by the company itself to implement certain provisions for risks and expenses (environment, land repairs etc.). In short, when the internal structure of a company produces an expense for the realisation of such an activity, the necessary disappearance of the risk covered by the provision would in principle qualify as an excess of that provision; However, in order to obtain the appropriate information from the operation carried out, an account "ex novo", 735, "Activities carried out in the application of provisions for risks and expenses" is included, so as to qualify as an income, identifies the activity performed. To conclude, it should be noted that although this procedure is regulated in the present adaptation, it does not represent a specific nature of the wine sector, although it occurs with a certain frequency, which has allowed the incorporation of a standard for the treatment of wine. (a) the accounting system applied in a general manner when this situation occurs in another sector of activity.

In this group, account 756 has also been created, "Income from insurance claims for claims in the ordinary business", and account 767, "Income from insurance claims for exchange risk", which collect the income derived from the compensation received from insurance institutions.

10. The fourth part, annual accounts, has been the subject of some modification. First of all, the amendments made to the recast text of the Companies Act by Law 2/1995 of 23 March, of Limited Liability Societies, and by Royal Decree 572/1997 of 18 April, are incorporated. changes that are of general application, they represent changes that in particular refer to certain information in the Memory and the extension of the limits to formulate Balance and Short Memory and Account of Losses and Short Earnings.

The rules for drawing up the annual accounts incorporate new paragraphs, which indicate how companies in the wine sector should draw up their annual accounts when they participate in one or more unions. temporary companies or communities of goods. The content of these paragraphs is in line with those laid down in the Rules for the adaptation of the General Accounting Plan to companies in the electricity sector, approved by Royal Decree 437/1998 of 20 March, where it is available on a general regulation.

The Balance and Profit and Profit Account models have undergone the necessary modifications to adapt their items to the concepts of companies in the wine sector.

In particular, different specific items have been opened in the normal Balance Sheet model: In the Asset under heading B. II, "Intangible assets " such as replanting rights and investment rights carried out on temporary agricultural land, as well as in B. III, "Material assets ", plantations and replantations of vines, soleras and criaderas and, barrels and deposits; in the Passive within the" Provisions for risks and expenses " have been open three items to collect the provision for environmental action, provision for productive land recovery and provision for investments made in agricultural land.

A very discussed topic within the working group was the classification of stocks; in short, and as has already been indicated, it was a question of delimiting if a long period of stay allows to qualify as these assets as fixed assets or if on the other hand remain stocks. The solution that prevailed was to include independent sections under the heading D. II, "Stocks ", to collect products in the process of short cycle breeding and products in the process of aging and aging of long cycle, offering the information necessary for the proper understanding of the sector of activity referred to in this adaptation.

In turn, a series of specific items of operations performed by the sector are introduced into the Profit and Loss Account. In particular, the sales produced in the agricultural activity and those corresponding to wines and their derivatives are broken down in the turnover. Another particularity, although as indicated above, is likely to occur in other sectors of activity, are the items which collect the compensation of insurance institutions and the activities carried out in the application of certain provisions for risks and expenses; the latter are described as an income from the holding, a specific item having been created whose name is ' Works carried out by the undertaking for risk provisions and expenses. "

On the other hand, several sections of the Memory, including those relating to the immobilized material, immaterial, stocks, grants, donations and legacies, provisions for risks and expenses, debts not Trade, fiscal situation, revenue and expenditure, are expanded with specific information from the sector.

Also included in a section of the Annual Accounts Report, the information regarding the environment in the terms provided for in the rules of adaptation of the General Plan of Accounting to the companies of the sector electricity, where this information is generally regulated by considering the accuracy of the content of the General Accounting Plan. Finally, and also included in the above mentioned standard, a section is created in the Memory to collect the information regarding the temporary unions of companies and the communities of goods.

In the financing table a classification has been made within the stock for its production cycle, distinguishing between the short and long term.

Finally, note that the Annual Accounts Memory collects the minimum information so that they meet the objective of the faithful image. However, if the facts or operations included in certain paragraphs are not given at times, they will not be completed; on the contrary, and given the minimum character of this information, any other information must be incorporated. that not being collected in the models included in the present adaptation, is significant for the understanding of the annual accounts and the achievement of the objective of the image faithful to that has been previously referred to. In particular, and although it is not a specific aspect of the wine sector but is proper to the General Accounting Plan, companies that can formulate their annual accounts in the abbreviated model should include those sections of the Normal memory, or other necessary ones, that are not included in the abbreviated model correspond to facts or operations that affect those companies and that are necessary for the achievement of the faithful image of the patrimony, of the results and the financial situation.

11. The fifth part, the valuation rules, contains the accounting criteria and the rules applicable to the economic operations or events carried out by the companies in the sector. Although the adaptation rules have been adjusted as far as possible to those of the General Accounting Plan, it has been necessary to include amendments.

In accordance with the above, it should be specified that in everything not modified expressly the rules and criteria of valuation contained in the General Plan of Accounting, as well as the Resolutions dictated by the Accounting and Audit Institute of Accounts, under the fifth final provision of Royal Decree 1643/1990 of 20 December, approving the General Accounting Plan. In particular, the following developments have been included:

In the intangible fixed assets the rights of replanting are treated, the acquisition of which is necessary to carry out the planting of vines; since this is an asset that can be alienated, it is considered in the rules as an intangible asset.

A specific valuation criterion has been the one incorporated in the rights on investments made in agricultural land transferred. In this case, given the special characteristics of agricultural production (as far as the vine is concerned), they are the singularity that has this production process in terms of the time needed to obtain the yields derived from the an agricultural holding, the special regulation which has required such contracts, as well as the very nature of the production (the optimum production period is between the seventh and the twenty-fifth year), it is established that the incorporated in agricultural land the use of which has been obtained by means of a lease or similar figure; amorticen in the contract period if it is less than its useful life.

In the immobilized material, in addition to the plantations and replantations it is included as a differentiated asset, the soleras and criaderas.

In terms of plantations and replantations, they constitute the basic asset of agricultural production, which collects the elements incorporated in a field for agricultural production; it is therefore an asset that is Systematically depreciates. On the other hand, the land where the planting is carried out is not depreciated, without prejudice to the provision of the corresponding provisions to recover its initial production characteristics at the end of the period of use.

A singular issue is the asset called soleras and criaderas. In short, it is a production process characteristic of certain types of wines and wine derivatives which are succinctly consisting of the following: From the grape must be obtained the must that after its fermentation is selected and classified to establish the type of wine to which it can be destined and depending on it will be "headed" raising its alcoholic strength slightly what makes it the so called "overhang"; on the other hand of the distillation of the wine is obtained the "distillate". The "overlay", in the case of wines, or the "distillate" in the wine derivatives is introduced into the boots (barrels) located on several scales, so that the last one at the level of the ground receives the name "solera", and by means of a series of periodic transfers ("sacs") of the upper to the lower scale, in a period that generally exceeds the year, allows for its transformation and obtaining the type of product desired for its sale. Thus, it is necessary to indicate that "it takes" is that portion of "wine or derivative type", that is, a part of the product that is in each boot, that the process of elaboration and the Regulations of the different Regulatory Councils allow to extract from the soleras and criaderas, because they are already in suitable conditions to continue, the next phases of the production process of each elaborate wine, (from the first row or criadera to the second and so on), always tending to the natural process and the the differentiation to be made of each one; through this process it is ensured that finally in the The introduced broth has been transformed for sale, without prejudice to the mermas in such a long process. The finished product is the result of additional processing processes, which consist of clarification, stabilization and bottling, which make it become a product available for sale.

The entire process described involves the use of a long time period; this time limit, which as indicated above, does not represent the qualification of these assets as immobilized, motivates the creation in the asset of the balance sheet of a heading under the heading 'Stocks', which includes the long term of production, not only for the product obtained from 'soleras and criaderas' but for any other type of wine for which the processing period is higher than the year.

Consequently, for the exclusive case of the production of wines and distillates in "soleras and criaderas", since it requires the creation and maintenance of a series of substances inside the barrels (constituted by some micro-organisms or bacteria, "flower" or "mothers", which allow for the production of the final product), it is necessary that the broth introduced allows the generation of these substances. Therefore, this adaptation provides that the quantification of the costs necessary for the creation of the substances referred to above shall be classified as fixed. In addition, if such substances were to be purchased from third parties, the amount of their purchase shall be the asset.

For their part, the different ways in which certain assets are incorporated into companies in the sector, have forced the working group to study valuation rules on income to be distributed in various financial years. taking into account the criteria for imputation to the result of the

themselves, and which in short coincide with those outlined in the General Accounting Plan for capital grants.

A valuation standard is collected to establish the accounting criteria for the activity of companies in the wine sector carried out through the UTES, introduced in general by the These rules will be adapted from the General Accounting Plan to companies in the electricity sector.

Regarding the different provisions for risks and expenses included in the present adaptation, in particular, the provision for productive recovery of agricultural land and the provision for investments carried out on land, the criteria and rules of valuation for the allocation to be made in each financial year are determined, as well as the justification for its incorporation in the Balance Sheet.

In this sector, the treatment of the perceived compensation of insurance entities for the risks covered by these risks is regulated. The general criterion is that if there is a disaster, the expenditure incurred will be recorded at the time. If it is covered, the estimated compensation to be charged shall be as high as the amount of expenditure incurred. Where the income is removed, the amount of the compensation shall be entered in the amount, in addition, where appropriate, the amount which has already been recorded. However, for the general criterion, it is established that, if the disaster has affected a fixed asset, the compensation shall cover the amount of the loss to be recorded.

12. Finally, the Accounting and Audit Institute of Accounts recommends that companies in the wine sector apply any cost accounting system, thereby enriching the information in the external accounts and with this is open to the possibility of a deep understanding of the costs, as well as of applying the most appropriate price policy in their economic transactions at any given moment.

IV

13. In accordance with the requirements of the Code of Commerce, the recast of the Law on Limited Companies and in accordance with the fourth Directive, particular attention has been paid to the objective of the annual accounts being the true image of the the company's assets, its financial position and its results. According to this way of thinking, it is a question of avoiding interferences of foreign elements, which condition the rigor as a basic requirement of the accounting information that produces the application of a very careful model, as is the General Plan of Accounting.

Adapted the General Accounting Plan to the special characteristics of the companies in the wine sector, the Accounting and Audit Institute of Accounts has the assurance that they will have a very good instrument useful for their own management. In addition, the standard information obtained through the implementation of the plan will lead to such companies formulating their annual accounts with sufficient content to meet the demands of the various economic operators and to improve national statistics.

FIRST PART

Accounting principles

Note: As there has been no change in the General Accounting Plan, it is not included, so it is consistent with those of the General Accounting Plan.

SECOND PART

Chart of Accounts

Note: Only sector-specific accounts and sub-groups that do not appear in the General Accounting Plan and those that have been the subject of modification in terms of their accounting definition or relationships are included.

For these purposes, these accounts are integrated with an asterisk, in the corresponding subgroup with the rest of the accounts that complete the same.

Group 1

BASIC FINANCING

10. Capital

100. Social Capital.

1000. Ordinary capital.

1001. Privileged capital.

1002. Non-voting capital.

1003. Capital with restricted rights.

101. Social fund.

102. Capital.

109. Operational Fund (*).

13. Revenue to be distributed in various exercises

130. Official capital grants (*).

1300. State subsidies.

1301. Grants from other public administrations.

1302. Grants from the European Union (*).

131. Capital grants (*).

132. Other grants (*).

135. Deferred interest income.

136. Positive differences in currency other than the euro (*).

14. Provisions for risks and expenses

140. Provision for obligations to staff (*).

141. Provision for taxes.

142. Provision for responsibilities.

143. Provision for major repairs.

144. Reversal fund.

145. Provision for environmental action (*).

146. Provision for productive recovery work on land (*).

147. Provision for investments made in agricultural land (*).

148. Provision for negative residual value (*).

17. Long-term debts for loans received and other concepts

170. Long-term debt with credit institutions.

1700. Long-term loans of credit institutions.

1709. Other long-term debts with credit institutions.

171. Long-term debts.

172. Long-term debts that can be converted into grants (*).

173. Suppliers of fixed assets in the long term.

174. Effects to be paid in the long term.

Group 2

QUIESCED

21. Intangible fixed assets

210. Research and development expenditure.

2100. Research and development expenditure on unfinished projects.

2101. Research and development expenditure on completed projects.

211. Administrative concessions.

212. Industrial property.

213. Trade fund.

214. Transfer rights.

215. Computer applications.

216. Replanting rights (*).

217. Property rights under the leasing scheme.

218. Rights to investments made in agricultural land (*).

219. Advances for intangible fixed assets.

22. Tangible assets

220. Land and natural property (*).

2201. Solar without building (*).

2202. Agricultural land (*).

2203. Rustic estates (*).

2209. Other land (*).

221. Buildings.

2210. Warehouses and industrial buildings (*).

2211. Administrative buildings (*).

2212. Commercial buildings (*).

2219. Other buildings and buildings (*).

222. Plantations and replantations of vines (*).

223. Technical installations (*).

2230. Installations in vineyards and farms (*).

2231. Wine-making facilities (*).

2232. Stabilisation and breeding facilities (*).

2233. Bottling lines and fitted (*).

2234. Storage and distribution facilities for products (*).

2239. Other facilities (*).

224. Soleras and criaderas (*).

2241. Soleras and criaderas of wines (*).

22410. Chamomile soleras and criaderas (*).

22411. Soleras and crairies of fine (*).

22412. Soleras and crairies (*).

22413. Soleras and crayerries (*).

2242. Wine-derived soleras and criaderas (*).

22420. (*) Soleras and criaderas of brandies (*).

22429. Other soleras and criaderas of vinyl derivatives (*).

225. Machinery and tools (*).

2250. Machinery (*).

22500. Agricultural machinery (*).

22501. Warehouse and cavas machinery (*).

2251. Tools (*).

22510. Agricultural use (*).

22511. Use of bodegas and cavas (*).

226. Barrels, boots, tanks and other (*).

2260. Barrels, boots and wood toneles (*).

2261. Stainless steel tanks (*).

2262. Deposits of other materials (*).

2263. Cages (*).

2264. Packages for the collection of grapes (*).

227. Furniture and equipment for information processing (*).

2270. Furniture (*).

2271. Equipment for the processing of information (*).

228. Transport elements (*).

2280. Transport elements in vines (*).

2281. Transport elements in bodegas (*).

2282. Commercial transport elements (*).

229. Other tangible fixed assets.

23. Tangible assets in progress

230. Adaptation of land and natural goods.

231. Constructions in progress.

232. Plantations and replantations of vines in progress (*).

233. Technical installations in assembly.

234. Soleras and criaderas in progress (*).

235. Machinery and equipment in assembly (*).

237. Furniture and equipment for information processes in assembly (*).

239. Advances for tangible fixed assets.

25. Other permanent financial investments

250. Permanent financial investments in capital.

2500. Permanent financial investments in shares with trading on an organised secondary market.

2501. Permanent financial investments in non-traded shares in an organised secondary market.

2502. Other financial investments in capital.

251. Fixed income securities.

252. Long-term loans (*).

2521. Appropriations for the compensation of insurance institutions (*).

2529. Other long-term loans (*).

253. Long-term credit for the disposal of fixed assets.

254. Long-term credit to staff.

256. Long-term interest in fixed income securities.

257. Long-term interest on loans.

258. Long-term impositions.

259. Outstanding disbursements on shares.

28. Cumulative depreciation of fixed assets

281. Accumulated depreciation of intangible fixed assets.

2810. Accumulated depreciation of research and development expenditure.

2811. Accumulated depreciation of administrative concessions.

2812. Accumulated depreciation of industrial property.

2813. Accumulated amortisation of goodwill.

2814. Cumulative amortisation of transfer rights.

2815. Cumulative depreciation of IT applications.

2817. Accumulated depreciation of rights on goods under the leasing scheme.

2818. Accumulated depreciation of rights on investments made in agricultural land (*).

282. Accumulated depreciation of tangible fixed assets.

2821. Accumulated depreciation of buildings.

2822. Accumulated depreciation of plantations and replantations of vines (*).

2823. Accumulated depreciation of technical facilities.

2825. Accumulated depreciation of machinery and equipment (*).

2826. Accumulated depreciation of barrels, boots, deposits and other (*).

2827. Accumulated depreciation of furniture and equipment for information processes (*).

2828. Accumulated depreciation of transport elements.

2829. Accumulated depreciation of other tangible assets.

29. Provisions for fixed assets

291. Provision for depreciation of intangible fixed assets.

292. Provision for depreciation of tangible fixed assets (*).

293. Provision for depreciation of long-term marketable securities of companies in the group.

2930. Provision for depreciation of long-term equity holdings of companies in the group.

2935. Provision for depreciation of long-term fixed income securities of companies in the group.

294. Provision for depreciation of long-term marketable securities of associated companies.

2941. Provision for depreciation of long-term equity holdings of associated companies.

2946. Provision for depreciation of long-term fixed income securities of associated companies.

295. Provision for long-term credit insolvencies to group companies.

296. Provision for long-term credit insolvencies to associated companies.

297. Provision for depreciation of marketable securities in the long term.

298. Provision for long-term credit insolvencies.

Group 3

STOCKS

30. Commercial stocks (*)

300. Commercial quiet wines (*).

301. Commercial cavas (*).

302. Commercial solera wines (*).

303. Commercial wine derivatives (*).

31. Raw materials (*)

310. Grapes (*).

311. Must (*).

312. Wine for mixture (*).

313. Alcohols (*).

314. Surcharges (*).

319. Other raw materials (*).

32. Other supplies

320. Embeddable elements and assemblies.

3200. Plugs (*).

3201. Capsules (*).

3202. Tags (*).

3209. Other elements (*).

321. Fuels.

322. Spare parts.

323. Agricultural components (*).

3230. Strains, feet and vines (*).

3231. Fertilizers, fertilizers, disinfectants, etc. (*).

3232. Posts, wires, etc. (*).

3239. Other products (*).

325. Miscellaneous materials.

326. Packaging.

3260. Boxes (*).

3261. Wrappers (*).

3262. Covers (*).

3269. Other packaging (*).

327. Packaging.

3270. Bottles (*).

3279. Other packaging (*).

328. Office material.

33. Products in short cycle-raising (*)

330. Quiet wines in the short cycle (*).

331. Cavas in short cycle process (*).

333. Vinyl derivatives in the short cycle process (*).

34. Products in the process of ageing and ageing of the long cycle (*)

340. Calm wines in the process of long cycle (*).

341. Cavas in long cycle process (*).

342. Solera wines in the long cycle (*).

343. Vinyl derivatives in long-cycle process (*).

35. Agricultural products in progress (*)

350. Strains, feet and vines in progress (*).

351. Grapes in progress (*).

359. Other agricultural products in progress (*).

36. Semi-finished products and in the process of bottling (*)

360. Semi-finished semi-finished wines in the process of bottling (*).

361. Semi-finished cavas in the process of bottling (*).

362. Semi-finished solera wines in the process of bottling (*).

363. Semi-finished wine derivatives in the process of bottling (*).

37. Finished Products (*)

370. Calm wines (*).

371. Cavas (*).

372. Solera wines (*).

373. Vinyl derivatives (*).

374. Finished agricultural products (*).

38. By-products, waste and recovered materials (*)

380. By-products and residues from the agricultural process (*).

381. By-products and residues from the winemaking process (*).

382. By-products and residues from the stabilisation process (*).

383. By-products and residues from the breeding process (*).

384. By-products and residues from the process of soleras (*).

389. Other by-products, residues and recovered materials (*).

39. Provisions for depreciation of stocks

390. Provision for depreciation of commercial stocks (*).

391. Provision for depreciation of raw materials.

392. Provision for depreciation of other supplies.

393. Provision for depreciation of products in the process of short cycle breeding (*).

394. Provision for depreciation of products in the process of ageing and ageing of the long cycle (*).

395. Provision for depreciation of agricultural products in progress (*).

396. Provision for depreciation of semi-finished products and in the process of bottling (*).

397. Provision for depreciation of finished products (*).

398. Provision for depreciation of by-products, waste and recovered materials (*).

Group 4

CREDITORS AND DEBTORS FOR TRAFFIC OPERATIONS

40. Suppliers

400. Suppliers.

4000. Suppliers (euro) (*).

4004. Suppliers (currency other than euro) (*).

4009. Suppliers, invoices to receive or to formalize.

401. Suppliers, commercial effects to be paid.

402. Suppliers, companies of the group.

4020. Suppliers, group companies (euro) (*).

4021. Commercial effects to be paid, companies of the group.

4024. Suppliers, group companies (currency other than euro) (*).

4026. Packaging and packaging to be returned to suppliers, companies of the group.

4029. Suppliers, group companies, invoices to receive or to formalize.

403. Suppliers, associated companies.

406. Packaging and packaging to be returned to suppliers.

407. Advances to suppliers.

41. Miscellaneous creditors

410. Creditors for services services.

4100. Creditors for services (euro) (*).

4104. Creditors for services (currency other than the euro) (*).

4109. Creditors for services, invoices to be received or to be formalised.

411. Creditors, commercial effects to be paid.

419. Creditors for transactions in common.

43. Clients

430. Customers.

4300. Customers (euro) (*).

4304. Clients (currency other than euro) (*).

4309. Customers, invoices pending formalize.

431. Customers, commercial effects to be charged.

4310. Commercial effects on portfolio.

4311. Discounted trade effects.

4312. Commercial effects on collection management.

4315. Unpaid business effects.

432. Customers, companies in the group.

4320. Clients, group companies (euro) (*).

4321. Commercial effects to be charged, companies of the group.

4324. Clients, group companies (currency other than euro) (*).

4326. Packaging and packaging to be returned to customers, companies in the group.

4329. Customers, companies in the group, invoices to be formalized.

433. Customers, associated companies.

435. Clients of doubtful collection.

436. Packaging and packaging to be returned by customers.

437. Customer advances.

44. Miscellaneous debtors

440. Debtors.

4400. Debtors (euro) (*).

4404. Debtors (currency other than euro) (*).

4409. Debtors, invoices to be formalized.

441. Debtors, commercial effects to be charged.

4410. Debtors, commercial effects in portfolio.

4411. Debtors, discounted trade effects.

4412. Debtors, commercial effects in recovery management.

4415. Debtors, unpaid trade effects.

445. Debtors of doubtful recovery.

448. Debtors by indemnities of insurance entities for the activity (*).

449. Debtors for transactions in common.

47. General government

470. Public Finance, debtor for various concepts.

4700. Hacienda Pública, debtor for VAT.

4708. Public finances, debtor for grants awarded.

4709. Hacienda Pública, debtor for tax refund.

471. Social Security Agencies, debtors.

472. Public finances, VAT incurred.

473. Public finances, deductions and payments on account (*).

474. Advance benefit tax and loss compensation.

4740. Advance benefit tax.

4745. Credit for losses to compensate for the financial year.

475. Public Finance, creditor by tax concepts.

4750. Hacienda Pública, creditor for VAT.

4751. Hacienda Pública, creditor for withholding taxes.

4752. Public finances, creditor by corporation tax (*).

4758. Public Finance, creditor for grants to be reintegrated.

476. Social Security Agencies, creditors.

477. Public finances, VAT passed on.

479. Deferred benefit tax.

Group 5

FINANCIAL ACCOUNTS

54. Other temporary financial investments

540. Temporary financial investments in capital.

5400. Temporary financial investments in shares traded on an organised secondary market.

5401. Temporary financial investments in non-traded shares in an organised secondary market.

5409. Other temporary financial investments in capital.

541. Fixed income securities in the short term.

542. Short-term loans (*).

5420. Appropriations for the compensation of insurance institutions (*).

5429. Other short-term loans (*).

543. Short-term loans for the disposal of fixed assets.

544. Short-term credit to staff.

545. Dividend receivable.

546. Short-term interest on securities at fixed income.

547. Short term interest on loans.

548. Short-term impositions.

549. Outstanding disbursements on short-term shares.

55. Other non-bank accounts

550. Holder of the holding.

551. Current account with companies in the group.

552. Current account with associated companies.

553. Current account with partners and administrators.

554. Current account with temporary unions of enterprises and communities of goods (*).

5540. Shares in temporary joint ventures (*).

5541. Contributions to temporary joint ventures (*).

5542. Other operations with temporary joint ventures (*).

5547. Holdings in communities of goods (*).

5548. Contributions to communities of goods (*).

5549. Other operations with communities of goods (*).

555. Items to be applied.

556. Disbursements required on shares.

5560. Disbursements required on shares of companies in the group.

5561. Required disbursements on shares of associated companies.

5562. Required disbursements on shares of other companies.

557. Active dividend on account.

558. Shareholders for required disbursements.

57. Treasury

570. Box, euro (*).

571. Box, currency other than euro (*).

572. Banks and credit institutions c/c view, euro (*).

573. Banks and credit institutions c/c view, currency other than euro (*).

574. Banks and credit institutions, savings accounts, euro (*).

575. Banks and credit institutions, savings accounts, currency other than the euro (*).

Group 6

PURCHASES AND EXPENSES

60. Purchases

600. Purchases of commercial stocks (*).

6000. Calm wines (*).

6001. Cavas (*).

6002. Solera wines (*).

6003. Vinyl derivatives (*).

601. Purchases of raw materials (*).

6010. Grapes (*).

6011. Must (*).

6012. Wine for mixture (*).

6013. Alcohols (*).

6019. Other raw materials (*).

602. Purchases of other supplies (*).

6020. Embeddable elements and assemblies (*).

60200. Plugs (*).

60201. Capsules (*).

60202. Tags (*).

60209. Other elements (*).

6021. Fuels (*).

6022. Spare parts (*).

6023. Agricultural products (*).

60230. Strains, feet and vines (*).

60231. Fertilizers, fertilizers, disinfectants, etc. (*).

60232. Posts, wires, etc. (*).

60239. Other products (*).

6025. Miscellaneous materials (*).

6026. Packaging (*).

60260. Boxes (*).

60261. Wrappers (*).

60262. Covers (*).

60269. Other packaging (*).

6027. Packaging (*).

60270. Bottles (*).

60279. Other packaging (*).

6028. Office equipment and miscellaneous (*).

607. Work done by other companies.

608. Purchases returns and similar transactions.

6080. Commercial stock purchases returns (*).

6081. Commodity purchases returns.

6082. Purchases returns from other supplies.

609. "Rappels" for purchases.

6090. "Rappels" for purchases of commercial stocks (*).

6091. "Rappels" for commodity purchases.

6092. "Rappels" for purchases of other supplies.

61. Stock variation

610. Change in commercial stocks (*).

611. Change in stocks of raw materials.

612. Change in stocks of other supplies.

62. External services

620. Expenditure on research and development of the financial year.

621. Leases, aparceria and canyons (*).

622. Repairs and preservation (*).

623. Services of independent professionals (*).

624. Transport.

625. Insurance premiums (*).

6250. Insurance on plantations (*).

6251. Other insurance (*).

626. Banking and similar services.

627. Advertising, propaganda and public relations.

6270. Advertising and propaganda (*).

6271. Protocol and representation (*).

628. Supplies.

6280. Electrical energy (*).

6281. Water (*).

6282. Gas (*).

6289. Other supplies (*).

629. Other services.

63. Tributes

630. Profit tax (*).

631. Other tributes.

6310. State taxes (*).

6311. Autonomous taxes (*).

6312. Local taxes (*).

6313. Rate of equivalence (*).

6319. Other fees (*).

633. Negative adjustments in taxation on profits.

634. Negative adjustments to indirect taxation.

6341. Negative adjustments in circulating VAT.

6342. Negative adjustments in VAT on investments.

636. Tax refund.

638. Positive adjustments in taxation on profits.

639. Positive adjustments in indirect taxation.

6391. Positive adjustments in circulating VAT.

6392. Positive adjustments in VAT on investments.

64. Staff costs

640. Wages, salaries and wages (*).

641. Compensation.

642. Social security in charge of the company.

643. Contributions to supplementary pension schemes and other obligations to staff (*).

649. Other social expenditure.

66. Financial expenses

661. Bond and bond interest.

6610. Long-term bond and bond interest in group companies.

6611. Long-term bond and bond interest in associated companies.

6613. Interest on long-term bonds and bonds in other companies.

6615. Interest on short-term bonds and bonds in companies in the group.

6616. Interest on short-term bonds and bonds in associated companies.

6618. Interest on short-term bonds and bonds in other companies.

662. Interest on long-term debts.

6620. Long-term debt interest with group companies.

6621. Long-term debt interest with associated companies.

6622. Long-term debt interest with credit institutions.

6623. Long-term debt interest with other companies.

663. Interest on short-term debts.

6630. Interest on short-term debts with companies in the group.

6631. Short-term debt interest with associated companies.

6632. Interest on short-term debts with credit institutions.

6633. Interest on short-term debts to other companies.

664. Interest on discount for effects.

6640. Interest on discount of effects on credit institutions of the group.

6641. Interest on discount of effects on associated credit institutions.

6643. Interest on discount for effects on other credit institutions.

665. Sales discounts for early payment.

6650. Sales discounts for early payment to companies in the group.

6651. Sales discounts for early payment to associated companies.

6653. Discounts on sales for early payment to other companies.

666. Losses in marketable securities.

6660. Losses on long-term marketable securities of group companies.

6661. Losses on long-term marketable securities of associated companies.

6663. Losses on long-term marketable securities of other companies.

6665. Losses on short-term marketable securities of group companies.

6666. Losses on short-term marketable securities of associated companies.

6668. Losses on short-term marketable securities of other companies.

667. Credit losses.

6670. Long-term credit losses to companies in the group.

6671. Long-term credit losses to associated companies.

6673. Long-term credit losses to other companies.

6675. Short term credit losses to companies in the group.

6676. Short term credit losses to associated companies.

6678. Short-term credit losses to other companies.

668. Negative differences of change (*).

669. Other financial expenditure (*).

67. Losses from fixed assets and exceptional expenses.

670. Losses arising from intangible fixed assets (*).

671. Losses arising from tangible fixed assets (*).

672. Losses from shares in the long-term capital of the group.

673. Losses from long-term equity holdings of associated companies.

674. Losses from operations with own shares and obligations.

675. Penalty for overproduction (*).

678. Extraordinary expenses (*).

679. Expenditure and losses of previous years.

68. Endowments for redemptions

680. Depreciation of establishment expenses.

681. Depreciation of intangible fixed assets.

682. Depreciation of tangible fixed assets.

6821. Depreciation of buildings (*).

68210. Depreciation of warehouses and industrial buildings (*).

68211. Depreciation of administrative buildings (*).

68212. Depreciation of commercial buildings (*).

68219. Depreciation of other buildings and buildings (*).

6822. Depreciation of plantations and replanting of vines (*).

6823. Depreciation of technical installations (*).

68230. Depreciation of technical installations in vineyards and farms (*).

68231. Depreciation of wine-making facilities (*).

68232. Depreciation of stabilisation and breeding facilities (*).

68233. Amortization of bottling lines and fitted (*).

68234. Depreciation of storage facilities and distribution of products (*).

68239. Depreciation of other installations (*).

6825. Depreciation of machinery and equipment (*).

6826. Depreciation of barrels, boots, tanks and other (*).

6827. Depreciation of furniture and equipment for information processes (*).

6828. Depreciation of transport elements (*).

6829. Depreciation of other fixed assets (*).

Group 7

SALES AND REVENUE

70. Sales of commercial stocks, own production, services, etc. (*)

700. Sales of commercial stocks (*).

7000. Domestic sales of commercial stocks (*).

70000. Calm wines (*).

70001. Cavas (*).

70002. Solera wines (*).

70003. Vinyl derivatives (*).

7001. Sales on the market of the European Union of commercial stocks (*).

70010. Calm wines (*).

70011. Cavas (*).

70012. Solera wines (*).

70013. Vinyl derivatives (*).

7002. Sales in other commercial stock markets (*).

7003. Sales of commercial stocks to group companies (*).

7004. Sales of commercial stocks to associated companies (*).

701. Sales of finished wine products (*).

7010. Domestic sales of finished wine products (*).

70100. Calm wines (*).

70101. Cavas (*).

70102. Solera wines (*).

70103. Vinyl derivatives (*).

7011. Sales on the European Union market of finished wine products (*).

70110. Calm wines (*).

70111. Cavas (*).

70112. Solera wines (*).

70113. Vinyl derivatives (*).

7012. Sales in other markets for finished wine products (*).

70120. Calm wines (*).

70121. Cavas (*).

70122. Solera wines (*).

70123. Vinyl derivatives (*).

7013. Sales of finished wine products to group companies (*).

7014. Sales of finished wine products to associated companies (*).

702. Sales of agricultural products (*).

7020. Sales of strains, feet and vines (*).

7021. Sales of grapes (*).

7029. Sales of other agricultural products (*).

703. Sales of semi-finished products (*).

704. Sales of by-products and waste (*).

7040. Sales of by-products and residues from the agricultural process (*).

7041. Sales of by-products and residues from the winemaking process (*).

7042. Sales of by-products and residues from the stabilisation process (*).

7043. Sales of by-products and residues from the breeding process (*).

7044. Sales of by-products and residues from the process of soleras (*).

7049. Sales of other by-products and residues (*).

705. Sales of packaging and packaging (*).

706. Provision of services (*).

7060. Provision of services (*).

7061. Services provided to companies in the group (*).

7062. Services provided to associated enterprises (*).

708. Sales returns and similar transactions.

7080. Sales returns from commercial stocks (*).

7081. Sales returns of finished products (*).

7082. Sales refunds for agricultural products (*).

7083. Sales returns of semi-finished products (*).

7084. Sales returns of by-products and waste (*).

7085. Sales returns of packaging and packaging (*).

709. "Rappels" about sales.

7090. "Rappels" on sales of commercial stocks (*).

7091. "Rappels" on sales of finished wine products (*).

7092. Rappels on sales of agricultural products (*).

7093. "Rappels" on sales of semi-finished products (*).

7094. "Rappels" on sales of by-products and waste (*).

7095. "Rappels" on sales of packaging and packaging (*).

71. Stock variation

710. Change in stocks of products in the process of short-cycle breeding (*).

7100. Quiet wines in the process of short cycle breeding (*).

7101. Cavas in the process of short cycle breeding (*).

7103. Vinyl derivatives in the short cycle process (*).

711. Change in stock of products in the process of ageing and ageing of the long cycle (*).

7110. Calm wines in the process of long cycle (*).

7111. Cavas in long cycle process (*).

7112. Solera wines in the long cycle (*).

7113. Vinyl derivatives in long-cycle process (*).

712. Change in stocks of agricultural products in progress (*).

7120. Strains, feet and vines in progress (*).

7121. Grapes in progress (*).

7129. Other agricultural products in progress (*).

713. Change in stocks of semi-finished products and in the process of bottling (*).

7130. Semi-finished semi-finished wines in the process of bottling (*).

7131. Semi-finished cavas in the process of bottling (*).

7132. Semi-finished solera wines in the process of bottling (*).

7133. Semi-finished wine derivatives in the process of bottling (*).

714. Change in stocks of finished products (*).

7140. Finished wines (*).

7141. Cavas finished (*).

7142. Finished solera wines (*).

7143. Finished vinyl derivatives (*).

7144. Finished agricultural products (*).

715. Change in stocks of by-products, residues and recovered materials (*).

7150. By-products and residues from the agricultural process (*).

7151. By-products and residues from the winemaking process (*).

7152. By-products and residues from the stabilisation process (*).

7153. By-products and residues from the breeding process (*).

7154. By-products and residues from the process of soleras (*).

7159. Other by-products and residues (*).

73. Jobs performed for the company

730. Incorporation into the asset of establishment expenses.

731. Work carried out for intangible fixed assets.

732. Work carried out for the fixed assets.

733. Work carried out for the fixed equipment.

735. Activities carried out in the application of provisions for risks and expenses (*).

737. Incorporation into the formalization expense asset.

75. Other management revenue

751. Results of operations in common.

7510. Loss transferred (manager).

7511. Profit attributed (participating or non-managing partner).

752. Income from leases and sharecropping (*).

753. Industrial property revenue ceded in operation.

754. Fee income.

755. Income from services to staff.

756. Income from insurance claims for claims in the ordinary business (*).

759. Miscellaneous services revenue.

76. Financial income

760. Income from equity participations.

7600. Income from equity holdings of companies in the group.

7601. Income from equity holdings of associated companies.

7603. Income from equity holdings of other companies.

761. Income from fixed income securities.

7610. Income from fixed income securities of companies in the group.

7611. Income from fixed income securities of associated companies.

7613. Income from fixed income securities of other companies.

762. Revenue from long-term loans.

7620. Revenue from long-term loans to companies in the group.

7621. Revenue from long-term credit to associated companies.

7623. Revenue from long-term loans to other companies.

763. Short-term credit income.

7630. Short term credit income to companies in the group.

7631. Short term credit income to associated companies.

7633. Short-term credit income to other companies.

765. Discounts on purchases for early payment.

7650. Discounts on purchases for soon payment from companies of the group.

7651. Discounts on purchases for soon payment from associated companies.

7653. Discounts on purchases for early payment from other companies.

766. Benefits in marketable securities.

7660. Profit on long-term marketable securities of companies in the group.

7661. Benefits in long-term marketable securities of associated companies.

7663. Benefits in long-term marketable securities of other companies.

7665. Benefits in short term marketable securities of group companies.

7666. Benefits in short term marketable securities of associated companies.

7668. Benefits in short term marketable securities of other companies.

767. Income from insurance compensation for exchange rate risk (*).

768. Positive differences of change (*).

769. Other financial income.

77. Benefits from immobilised and exceptional income

770. Profits from intangible fixed assets.

771. Profits from tangible fixed assets.

772. Profit from long-term equity holdings of companies in the group.

773. Profits from long-term equity holdings of associated companies.

774. Profit from operations with own shares and obligations.

775. Capital grants transferred to the result of the financial year (*).

778. Extraordinary income (*).

7780. Compensation for insurance (*).

7781. Compensation for extraordinary damages (*).

7789. Other extraordinary income (*).

779. Income and benefits from previous years.

THIRD PART

Accounting definitions and relationships

Note. -Only those subgroups and accounts identified with an asterisk whose name, definition or accounting relationship has been the subject of modification are included.

Group 1

BASIC FINANCING

Comprises own resources and long-term foreign financing of the company, generally intended to finance the permanent asset and to cover a reasonable margin of circulation; it also includes the income to be distributed in various exercises, own actions and other transitional situations of basic financing.

10. Capital

100. Social capital.

101. Social fund.

102. Capital.

109. Operational Fund (*).

109. Operational Fund (*)-Capital of temporary unions of enterprises and communities of goods. This is an account that does not appear in the annual accounts.

Your move is as follows:

(a) It shall be paid for the initial contributions made.

b) The extinction of the temporary union or community of goods shall be charged.

13. Revenue to be distributed in various exercises

130. Official capital grants (*).

131. Capital grants (*).

132. Other grants (*).

135. Deferred interest income.

136. Positive differences in currency other than the euro (*).

130. Official capital grants (*)-Those granted by public administrations, both domestic and international, for the establishment or fixed structure of the company, where they are not reintegrable, according to the criteria established in the Valuation Rules.

Your move is as follows:

a) It will be paid:

a1) By the grant awarded to the company with a charge, generally, to the accounts of the subgroup 47 or 57.

a2) For long-term debts that are transformed into grants, from account 172.

(b) The amount of the subsidy charged as revenue shall be charged at the end of the financial year with a subscription to the account 775.

131. Capital grants (*)-Grants, grants and legacies granted by undertakings or individuals, for the establishment or fixed structure of the undertaking, where they are not reintegrable, in accordance with the criteria laid down in the Rules of Procedure Valuation.

Your movement is analogous to the one pointed out for account 130.

132. Other grants (*)-Grants, donations and legacies granted which are not included in the accounts above, where they are not reintegrable, in accordance with the criteria laid down in the Valuation Rules.

Four-figure accounts will be opened to distinguish those granted by Public Administrations, companies and individuals.

Your movement is analogous to the one pointed out for account 130.

136. Positive differences in currency other than the euro (*).

-Positive differences produced by the conversion of currency balances other than the euro representing fixed income, credit and debt securities; in accordance with the provisions of the Valuation Rules of this text.

Your move is as follows:

(a) The amount of positive differences shall be paid.

(b) It shall be debited when the securities, claims and debts arising out of these differences or when they are attributable to results in accordance with the Valuation Rules, shall be debited or cancelled in advance account 768.

14. Provisions for risks and expenses

140. Provision for obligations to staff (*).

141. Provision for taxes.

142. Provision for responsibilities.

143. Provision for major repairs.

144. Reversal fund.

145. Provision for environmental action (*).

146. Provision for productive recovery work on land (*).

147. Provision for investments made in agricultural land (*).

148. Provision for negative residual value (*).

140. Provision for staff obligations (*)-Funds intended to cover the legal or contractual obligations relating to the staff of the undertaking.

Your move is as follows:

a) It will be paid:

A1) By estimates of annual accruals, with account 643.

a2) For the amount of income attributable to the provision constituted, with account 662.

b) Charged:

b1) When the provision is applied, with credit, generally, to sub-group 57 accounts.

b2) Due to excess provisioning, with credit to account 790.

145. Provision for environmental actions (*)-Those constituted as a result of legal or contractual obligations of the company or undertakings acquired by it, in order to prevent, reduce or repair damage to the environment.

Your move is as follows:

(a) It shall be paid at the birth of the obligation or commitment, usually charged to the account 622 or 623.

b) Charged:

b1) When the provision is applied, with credit, generally, to sub-group 57 accounts.

b2) When your application is made by the company itself, with credit to the account 735.

b3) For excess provisioning, with credit to account 790.

146. Provision for land productive recovery work (*)-Estimated amount corresponding to the costs necessary to recover the initial productive characteristics of agricultural land after a period of use; and provided that it does not proceed in accordance with the Valuation Standards as the highest value of the corresponding fixed assets.

Your move is as follows:

(a) It shall be paid for the annual accrual estimate, from the accounts of subgroup 62.

b) Charged:

b1) When the provision is applied, with credit, generally, to sub-group 57 accounts.

b2) When your application is made by the company itself, with credit to the account 735.

b3) For excess provisioning, with credit to account 790.

147. Provision for investments made in agricultural land transferred (*).-Estimated amount of investments made in agricultural land transferred, provided that they will not be recovered within the time of the transfer of the land in accordance with the provisions laid down in the Rules of Valuation.

Your move is as follows:

(a) It shall be paid by the annual accrual estimate, with a charge, generally to the accounts of subgroup 67.

b) Charged:

b1) When the provision is applied, with credit, generally, to sub-group 57 accounts.

b2) Due to excess provisioning, with credit to account 790.

148. Provision for negative residual value (*)-Estimated amount of negative residual value of a fixed asset, in particular of plantations and replantations.

Your move is analogous to the one pointed out for account 147.

17. Long-term debts for loans received and other concepts

170. Long-term debt with credit institutions.

171. Long-term debts.

172. Long-term debts that can be converted into grants (*).

173. Suppliers of fixed assets in the long term.

174. Effects to be paid in the long term.

172. Long-term debts that can be converted into grants (*).

-Cantities granted by the Public Administrations, companies or individuals with a grant, donation and reintegrable legacy.

Your move is as follows:

(a) It shall be paid for the amounts granted to the undertaking in charge, generally, to the accounts of the subgroup 47 or 57.

b) Charged:

b1) For any circumstance that determines the total or partial reduction of the same, according to the terms of its concession, with credit, generally, to the account 4758.

b1) If you lose your reintegrable character, with credit of your account balance 130, 131 or 132.

Group 2

QUIESCED

Comprises the elements of the patrimony destined to serve in a lasting way in the activity of the company. Also included in this group are "establishment expenses" and "expenses to be distributed in various exercises."

21. Intangible fixed assets

210. Research and development expenditure.

211. Administrative concessions.

212. Industrial property.

213. Trade fund.

214. Transfer rights.

215. Computer applications.

216. Replanting rights (*).

217. Property rights under the leasing scheme.

218. Rights to investments made in agricultural land (*).

219. Advances for intangible fixed assets.

216. Replanting rights (*). -Amount satisfied or to be satisfied, by the acquisition of the planting rights in land.

Your move is as follows:

(a) It will be charged, for the amount satisfied in the acquisition of the rights with credit, generally to the accounts of subgroup 57.

(b) It shall be paid in general for the fall in inventory, in charge, generally, to the accounts of subgroup 57, and in the case of losses to the account 670.

218. Rights to investments made in agricultural land transferred (*). -Investments made on land transferred to the company, and which are not separable from the land, by lease or similar contracts covered by the Leases Act Rustic.

Your move is as follows:

(a) The amount of investments made with credit, generally, to the accounts of subgroup 57 and, where applicable, account 731, shall be charged.

(b) It shall be paid in general for the fall in inventory, in charge, generally, to the accounts of subgroup 57, and in the case of losses to the account 670.

22. Tangible assets

220. Land and natural property (*).

221. Buildings.

222. Plantations and replantations of vines (*).

223. Technical installations (*).

2230. Installations in vineyards and farms (*).

2231. Wine-making facilities (*).

2232. Stabilisation and breeding facilities (*).

2233. Bottling lines and fitted (*).

2234. Storage and distribution facilities for products (*).

2239. Other facilities (*).

224. Soleras and criaderas (*).

225. Machinery and tools (*).

2250. Machinery (*).

2251. Tools (*).

226. Barrels, boots, tanks and other (*).

2260. Barrels, boots and wood toneles (*).

2261. Stainless steel tanks (*).

2262. Deposits of other materials (*).

2263. Cages (*).

2264. Packages for the collection of grapes (*).

227. Furniture and equipment for information processing (*).

228. Transport elements (*).

229. Other tangible fixed assets.

220. Land and natural property (*). -Solares of urban nature, rustic estates, rustic land adapted for exploitation as vineyards and other urban and non-urban land, mines and quarries.

222. Plantations and replantations of vines (*). -Value of the works prior to planting and the incorporation of all the necessary expenses to perform it (feet, grafts, posts, wire rod for the vine, etc.).

223. Technical installations (*).

2230. Installation in vineyards and farms (*). -Facilities for the mechanization of irrigation, collection of rainwater, preparation of plant protection treatments and fertilizers or collection of grapes.

2231. Wine-making facilities (*). -Facilities for the process of pre-reception analysis of grapes, brushy, light-off, pressing and fermentation control.

2232. Stabilisation and breeding facilities (*)-Facilities for stabilising, clarifying and further raising the wine produced, excluding the product itself which will be collected according to its nature.

2233. Bottling lines and fitted (*). -Facilities for the bottling process, labeled and fitted.

2234. Storage and distribution facilities for products (*)-Facilities for the shelves of classification, palletizers, cargo shippers, and in general to facilitate the tasks of distribution of finished products.

2239. Other facilities (*)-Complex units of specialized use that are not collected in other accounts.

224. Soleras and criaderas (*). -Amount of the purchase price or production cost of the "broth or distillate" introduced at the scales (overruns) and which is incorporated for final use (flower or mothers), constituting one of the elements necessary for obtaining by means of "sacs" of the winemaking, in the terms established in the Standards of Valuation.

225. Machinery and tools (*).

2250. Machinery (*). -Set of machines by which the manufacture of the products is carried out.

This account will include all those elements of internal transport that are intended for the transfer of personnel, animals, materials and commercial stocks within factories, workshops, farms, etc., necessary for the process production.

2251. Tool (*). -Set of utensils or tools that can be used autonomously or in conjunction with the machinery, including moulds and templates.

The annual regularization (by physical count) to which the Valuation Rules refer will require the payment of this account, with account 659.

226. Barrels, boots, tanks and other (*).

2260. Barrels, boots and toneles made of wood (*). -Species of container made of wood, usually of oak, where the wine must remain in the process of breeding.

2261. Stainless steel tanks (*)-stainless steel containers used, generally, for the manufacture of wine.

2262. Deposits of other materials (*). -Recients used, usually for the storage of the wine.

2263. Cages (*). -Envases intended to facilitate the storage of wine bottles in the process of breeding in the cellar after the process of breeding in the barrel.

2264. Packages for the collection of grapes (*). -Boxes and trailers for the collection of grapes and their transport to the wineries.

227. Furniture and equipment for the processing of information (*)-Mobilary, equipment and office equipment, computers and other electronic assemblies.

228. Transport elements (*)-Vehicles of all kinds which may be used for the transport of persons, animals, goods or commercial stocks by land, sea or air, except those to be registered in the account 225.

23. Tangible assets in progress

230. Adaptation of land and natural goods.

231. Constructions in progress.

232. Plantations and replantations of vines in progress (*).

233. Technical installations in assembly.

234. Soleras and criaderas in progress (*).

235. Machinery and equipment in assembly (*).

237. Furniture and equipment for information processes in assembly (*).

239. Advances for tangible fixed assets.

230/238...............

Mobilizations in adaptation, construction or assembly, at the end of the financial year.

Your move is as follows:

a) They will be loaded.

A1) By the reception of works and works corresponding to the ongoing immobilizations.

a2) For the works and works that the company carries out for itself, with credit to the account 733.

(b) These works and works shall be paid after completion of the work, from the accounts of the subgroup 22.

25. Other permanent financial investments

250. Permanent financial investments in capital.

251. Fixed income securities.

252. Long-term loans (*).

253. Long-term credit for the disposal of fixed assets.

254. Long-term credit to staff.

256. Long-term interest in fixed income securities.

257. Long-term interest on loans.

258. Long-term impositions.

259. Outstanding disbursements on shares.

252. Long-term loans (*)-Loans and other non-commercial loans granted to third parties, including those formalised by way of rotation, with a maturity of more than one year. They shall include insurance allowances to be paid as a result of claims affecting concepts other than those resulting in expenditure whose nature is operating, in accordance with the terms laid down in the Rules of Valuation.

When the credits have been agreed with group, multi-group and associated companies, the investment will be reflected in account 244 or 245, as appropriate.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The formalisation of the credit shall be charged, for the amount of the credit, with credit, generally, to sub-group 57 accounts.

(b) It shall be paid for the anticipated, total or partial or low inventory repayment, in charge, generally, to the accounts of subgroup 57 and in case of losses to account 667.

29. Provisions for fixed assets

291. Provision for depreciation of intangible fixed assets.

292. Provision for depreciation of tangible fixed assets (*).

293. Provision for depreciation of long-term marketable securities of companies in the group.

294. Provision for depreciation of long-term marketable securities of associated companies.

295. Provision for long-term credit insolvencies to group companies.

296. Provision for long-term credit insolvencies to associated companies.

297. Provision for depreciation of marketable securities in the long term.

298. Provision for long-term credit insolvencies.

292. Provision for depreciation of tangible fixed assets (*). Amount of the valuation corrections for reversible losses on the tangible fixed assets. In particular, the possible depreciation of the soleras and criaderas should be estimated. The estimation of such losses shall be carried out in a systematic manner in time and in any case at the end of the financial year.

Your move is as follows:

(a) It shall be paid for the amount of the estimated depreciation, charged to account 692.

b) Charged:

b1) When the causes that determined the provision to the provision, with credit to the account 792, disappear.

b2) When the tangible fixed assets are put in place or are taken out of the inventory for any other reason, with credit to sub-group 22 accounts.

Group 3

STOCKS

Commercial stocks, raw materials, other supplies, products in the process of breeding, agricultural products in progress, semi-finished products, finished products and by-products, residues and recovered materials.

30. Commercial stocks (*)

300. Commercial quiet wines (*).

301. Commercial cavas (*).

302. Commercial solera wines (*).

303. Commercial wine derivatives (*).

Elements acquired by the company and destined for sale without transformation; in particular, wines, cavas and other wine derivatives. For these purposes it is understood by:

Calm wines: These are products obtained from the alcoholic fermentation of fresh grapes, whether or not crushed, or grape must; in particular, it includes table wines.

Cavas: These products are obtained from alcoholic fermentation and in the process it produces or is added carbon dioxide; these products include sparkling wines, needle, etc.

Solera wines: They are the ones obtained from the production by soleras and criaderas (in particular sherry and chamomile).

Vinyl Derivatives: In particular, they are collected in this concept:

Brandy: Obtained from associated wine spirits or not a wine distillate.

Vinegar of wine, wine, grape marc, piqueta, etc. that are obtained from the various elements used in the production of wine.

The accounts 300/309 will be in the balance sheet asset; they will only work on the occasion of the end of the financial year.

Your move is as follows:

(a) The amount of the initial stock inventory shall be paid at the end of the financial year to account for 610.

(b) They shall be charged for the amount of the inventory of stocks at the end of the financial year that is closed, with credit to the account 610.

If the commercial stocks on the way are owned by the company, under the terms of the contract, they will be listed as stocks at the end of the year in the respective accounts of the sub-group 30. This rule shall also apply where products, materials, etc. are on the way, including in the following sub-groups.

31. Raw materials (*)

310. Grapes (*).

311. Must (*).

312. Wine for mixture (*).

313. Alcohols (*).

314. Surcharges (*).

319. Other raw materials (*).

Grapes, must, wine for blending, alcohols and other raw materials acquired, which are incorporated by production or processing into production. For these purposes it is understood by:

Grapes: The fruit of the vine used in the vinification and capable of spontaneously starting an alcoholic fermentation.

Must: Product obtained from the fresh grape by pressure, and with a certain alcoholic strength by volume.

Overheads: Product obtained through the process that is called "header", by which the classified musts are raised slightly from graduation according to the type of wine to which the breed is destined.

The accounts 310/319 will appear in the balance sheet asset and its movement is analogous to the one for the accounts 300/309.

32. Other supplies

320. Embeddable elements and assemblies.

321. Fuels.

322. Spare parts.

323. Agricultural components (*).

325. Miscellaneous materials.

326. Packaging.

327. Packaging.

328. Office material.

323. Agricultural components (*).

Elements acquired by the company, or own production, for the treatment, preparation of land (posts, wires, etc.) that do not have the consideration of immobilized, are stored waiting for their use.

33. Products in short cycle-raising (*)

330. Quiet wines in the short cycle (*).

331. Cavas in short cycle process (*).

333. Vinyl derivatives in the short cycle process (*).

Products in breeding whose processing or processing is equal to or less than one year. It shall be valued for the purchase price or production cost in accordance with the criteria laid down in the valuation rules.

Accounts 330/339 will be included in the balance sheet asset; they will only work for the end of the financial year. Four-digit accounts shall be established which collect the different or specific designations of origin.

Your move is as follows:

(a) The amount of the initial stock inventory shall be paid at the end of the financial year to the account 710.

b) They will be charged for the amount of the inventory of end-of-year stock that is closed, with credit to the account 710.

34. Products in the process of ageing and ageing of the long cycle (*)

340. Calm wines in the process of long cycle (*).

341. Cavas in long cycle process (*).

342. Solera wines in the long cycle (*).

343. Vinyl derivatives in long-cycle process (*).

Products that are in the process of aging and aging whose processing-transformation is over one year. It shall be valued for the purchase price or production cost in accordance with the criteria laid down in the valuation rules.

Accounts 340/349 will be included in the balance sheet asset and its movement is similar to that for the accounts for 330/339. Four-digit accounts shall be established which collect the different or specific designations of origin.

35. Agricultural products in progress (*)

350. Strains, feet and vines in progress (*).

351. Grapes in progress (*).

359. Other agricultural products in progress (*).

Products that at the time of the end of the exercise, are in an incomplete vegetative process, waiting for the precise time to be completed, to be incorporated into the corresponding production process and not they must be registered in the accounts of subgroups 34 or 36.

The 350/359 accounts shall be included in the balance sheet assets and their movement is similar to that for the accounts for 330/339.

36. Semi-finished products and in the process of bottling (*)

360. Semi-finished semi-finished wines in the process of bottling (*).

361. Semi-finished cavas in the process of bottling (*).

362. Semi-finished solera wines in the process of bottling (*).

363. Semi-finished wine derivatives in the process of bottling (*).

Products that have already completed their aging and aging process and at the time of the end of the exercise are pending completion processes (clarification, stabilized, filtering, bottling, labelling, fitted), prior to the issue of the product.

The accounts 360/369 will be included in the balance sheet asset and its movement is similar to that for the accounts 330/339.

37. Finished Products (*)

370. Calm wines (*).

371. Cavas (*) 372. Solera wines (*).

373. Vinyl derivatives (*).

374. Finished agricultural products (*).

Those produced by the company and intended for marketing.

The accounts 370/379 will be included in the assets of the Balance Sheet and its movement is similar to the one for the accounts 330/339. Four-digit accounts shall be established which collect the different or specific designations of origin.

38. By-products, waste and recovered materials (*)

380. By-products and residues from the agricultural process (*).

381. By-products and residues from the winemaking process (*).

382. By-products and residues from the stabilisation process (*).

383. By-products and residues from the breeding process (*).

384. By-products and residues from the process of soleras (*).

389. Other by-products, residues and recovered materials (*).

For these purposes it is understood by:

By-products: The secondary or accessory of the main manufacturing.

Wastes: Those obtained inevitably and at the same time as the products or by-products, provided they have intrinsic value and can be used or sold.

Recovered materials: Those that, because they have intrinsic value, enter the warehouse again after they have been used in the production process.

The 380/389 accounts shall be included in the balance sheet assets and their movement is similar to that for the accounts for 330/339.

39. Provisions for depreciation of stocks (*)

390. Provision for depreciation of commercial stocks (*).

391. Provision for depreciation of raw materials.

392. Provision for depreciation of other supplies.

393. Provision for depreciation of products in the process of short cycle breeding (*).

394. Provision for depreciation of products in the process of ageing and ageing of the long cycle (*).

395. Provision for depreciation of agricultural products in progress (*).

396. Provision for depreciation of semi-finished products and in the process of bottling (*).

397. Provision for depreciation of finished products (*).

398. Provision for depreciation of by-products, waste and recovered materials (*).

Accounting expression of reversible losses that are evidenced by the inventory of exercise closing stocks.

The 390/398 accounts will appear in the balance sheet asset by minoring the stock.

Your move is as follows:

(a) They shall be paid for the allocation to be made in the financial year which is closed, under account 693.

(b) They shall be charged for the allocation made at the end of the preceding financial year, with payment of account 793.

Group 4

CREDITORS AND DEBTORS FOR TRAFFIC OPERATIONS

Personal accounts and active and passive commercial effects that have their origin in the company's traffic, as well as accounts with public administrations, including those that correspond to balances with a maturity of more than one year. For the latter and for the purposes of classification, sub-groups 42 and 45 may be used or the reclassification of sub-groups may be carried out in their own accounts.

44. Miscellaneous debtors

440. Debtors.

441. Debtors, commercial effects to be charged.

445. Debtors of doubtful recovery.

448. Debtors by indemnities of insurance entities for the activity (*).

449. Debtors for transactions in common.

448. Debtors by indemnities of insurance entities in the activity (*).

Appropriations with insurance institutions for compensation for stocks and other items affecting the business of the undertaking that cause operating expenses, including therefore the derivatives of commercial and excluded credits the resulting from the fixed assets and other elements other than the previous ones, in accordance with the provisions of the Valuation Rules.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The amount of the allowance shall be debited from the accounts of the group 75.

(b) It shall be paid for the cancellation, generally, to the accounts of subgroup 57.

47. General government

470. Public Finance, debtor for various concepts.

4700. Hacienda Pública, debtor for VAT.

4708. Public finances, debtor for grants awarded.

4709. Hacienda Pública, debtor for tax refund.

471. Social Security Agencies, debtors.

472. Public finances, VAT incurred.

473. Public finances, deductions and payments on account (*).

474. Advance benefit tax and loss compensation.

4740. Advance benefit tax.

4745. Credit for losses to compensate for the financial year.

475. Public Finance, creditor by tax concepts.

4750. Hacienda Pública, creditor for VAT.

4751. Hacienda Pública, creditor for withholding taxes.

4752. Public finances, creditor by corporation tax (*).

4758. Public Finance, creditor for grants to be reintegrated.

476. Social Security Agencies, creditors.

477. Public finances, VAT passed on.

479. Deferred benefit tax.

473. Public finances, deductions and payments on account (*).

Amounts retained to the company and payments made by the same to tax account.

Your move is as follows:

(a) The amount of the withholding or payment shall be charged, with credit, generally, to group 5 accounts and to sub-group 76 accounts.

b) It will be paid:

b1) For the amount of the supported holds and the income on account of the corporation tax, up to the amount corresponding to the period, resulting from the payment of the full fee in the deductions and bonuses different from the above mentioned amounts, from account 630.

b22) For the amount of the supported holds and income on account of the corporation tax that must be returned to the company, with charge of the account 4709.

475. Public Finance, creditor by tax concepts.

4752. Public finances, creditor by corporation tax (*).

Amount to be charged on corporation tax payable.

(a) It shall be paid for the amount to be entered, usually charged to the account 630.

(b) It will be charged when payment is made, with subscription to sub-group 57 accounts.

Group 5

FINANCIAL ACCOUNTS

Debts and credits for operations other than traffic with a maturity of not more than one year and available liquid assets.

54. Other temporary financial investments

540. Temporary financial investments in capital.

541. Fixed income securities in the short term.

542. Short-term loans (*).

543. Short-term loans for the disposal of fixed assets.

544. Short-term credit to staff.

545. Dividend receivable.

546. Short-term interest on fixed income securities.

547. Short term interest on loans.

548. Short-term impositions.

549. Outstanding disbursements on short-term shares.

542. Short-term loans (*).

Loans and other non-commercial loans granted to third parties including those formalised by way of rotation, with a maturity of not more than one year. It includes insurance allowances to be paid as a result of claims affecting concepts other than those resulting in expenditure whose nature is operating, in the terms laid down in the valuation standard.

When the credits have been agreed with group, multi-group and associated companies, the investment will be reflected in account 534 or 535, as appropriate.

This account will also include capital grants, reintegrable or not, granted to the company, to be charged in the short term, excluding those that are to be recorded in sub-group 47 accounts.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The formalization of the credit shall be charged for the amount of credit, with credit to sub-group 57 accounts.

(b) It shall be paid for the full or partial or low inventory, generally charged to the accounts of subgroup 57 and in the case of losses to account 667.

55. Other non-bank accounts

550. Holder of the holding.

551. Current account with companies in the group.

552. Current account with associated companies.

553. Current account with partners and administrators.

554. Current account with temporary unions of enterprises and communities of goods (*).

555. Items to be applied.

556. Disbursements required on shares.

557. Active dividend on account.

558. Shareholders for required disbursements.

554. Current account with temporary unions of companies and communities of goods (*). -Collect movements with the temporary unions of companies and communities of goods in which the company participates, derivatives of cash contributions, including (a) the purpose of this Regulation is to provide for the exchange of information on the basis of the information provided by the Member State concerned.

Your move is as follows:

(a) It is charged for the remittances or deliveries made by the company, with credit to the accounts of the groups 2, 5 and 7 that correspond.

(b) It shall be paid for the receipts in favour of the undertaking, from the accounts of the groups 2, 5 and 6.

57. Treasury

570. Box, euro (*).

571. Box, currency other than euro (*).

572. Banks and credit institutions c/c view, euro (*).

573. Banks and credit institutions c/c view, currency other than euro (*).

574. Banks and credit institutions, savings accounts, euro (*).

575. Banks and credit institutions, savings accounts, currency other than the euro (*).

570/571. Box, ............. (*). -Cash-in-box liquid media.

They will be in the balance sheet asset.

Your move is as follows:

They will be charged at the entrance of the liquid media and will be paid on their way out, with credit and charge to the accounts that are to serve as counterpart, according to the nature of the operation that causes the collection or payment.

572/573/574/575. Banks and credit institutions ... (*). -Saldos in favor of the company, in current accounts and savings of immediate availability in Banks and Credit Institutions, understanding for such Savings Banks, Rural and Cooperative Banks credit for balances located in Spain and similar institutions in the case of balances located abroad.

The balances in the banks and institutions mentioned above shall be excluded from accounting in this subgroup when they are not immediately available.

The balances of immediate disposition will also be excluded if they are not held by banks or the institutions concerned.

They will be in the balance sheet asset.

Your move is as follows:

(a) They shall be charged for cash deliveries and transfers, with credit to the account to be served as a counterpart, depending on the nature of the transaction that causes recovery.

(b) They shall be paid for the provision, in whole or in part, of the balance, with the account to be used as a counterpart, depending on the nature of the transaction causing the payment.

Group 6

PURCHASES AND EXPENSES

Supplies of commercial stocks and other goods acquired by the company to resell them, either without altering their form and substance, or prior to submission to processing processes.

Also includes all expenses for the year, including purchases of services and consumable materials, the variation of acquired stocks and the extraordinary losses of the financial year.

All accounts in Group 6 are generally paid at the end of the financial year, with account for 129 accounts; for this reason, the movements of the successive accounts of the group will only be referred to the post. The exceptions shall include the reasons for payment and the counterpart accounts.

60. Purchases

600. Purchases of commercial stocks (*).

601. Purchases of raw materials (*).

602. Purchases of other supplies (*).

607. Work done by other companies.

608. Purchases returns and similar transactions.

609. "Rappels" for purchases.

600/601/602/607. Purchases of ....... (*). -Aprovisioning of the company of goods included in sub-groups 30, 31 and 32.

It also includes the works that, as part of the production process itself, are more expensive to other companies.

These accounts will be charged for the amount of the purchases, the receipt of the remittances from the suppliers or their entry on the way if the commercial stocks and goods are transported on behalf of the company, with credit to the accounts from subgroup 40 or 57.

In particular, the account 607 will be charged to the reception of the works entrusted to other companies.

61. Stock variation

610. Change in commercial stocks (*).

611. Change in stocks of raw materials.

612. Change in stocks of other supplies.

610/611/612. Change in stocks of ...... (*).-Accounts to record, at the end of the financial year, changes between final and initial stocks, corresponding to sub-groups 30, 31 and 32 (commercial stocks, raw materials and other stocks). Supplies).

Your move is as follows:

They shall be charged for the amount of the initial stock and shall be paid for the final stock, with credit and charge, respectively, to the accounts of the sub-groups 30, 31 and 32. The balance resulting from these accounts shall be charged or paid, as the case may be, to account 129.

62. External services

620. Expenditure on research and development of the financial year.

621. Leases, aparceria and canyons (*).

622. Repairs and preservation (*).

623. Services of independent professionals (*).

624. Transport.

625. Insurance premiums (*).

626. Banking and similar services.

627. Advertising, propaganda and public relations.

628. Supplies.

629. Other services.

621. Leases, aparceria and canyons (*).

Leases.

The accruals for the rental of movable and immovable property in use or at the disposal of the company.

Apparel:

The accruals for the use of rustic farms through these types of contracts.

Canyons:

Fixed or variable amounts that are satisfied by the right to use or the granting of use of the various manifestations of industrial property.

622. Repairs and preservation (*).

The maintenance of the goods included in Group 2, as well as the costs to reduce or repair the damage caused by the environment.

623. Services of independent professionals (*).

Amount that professionals are satisfied with the services provided to the company. It includes the fees of economists, engineers, lawyers, auditors including the environmental, notaries, etc., as well as the commissions of independent mediators.

625. Insurance premiums (*).

Amounts satisfied in terms of insurance premiums, other than those relating to the company's staff and those of a financial nature; in particular, insurance premiums covering the risk on the plantations and crops.

63. Tributes

630. Profit tax (*).

631. Other tributes.

633. Negative adjustments in taxation on profits.

634. Negative adjustments to indirect taxation.

6341. Negative adjustments in circulating VAT.

6342. Negative adjustments in VAT on investments.

636. Tax refund.

638. Positive adjustments in taxation on profits.

639. Positive adjustments in indirect taxation.

6391. Positive adjustments in circulating VAT.

6392. Positive adjustments in VAT on investments.

630. Profit tax (*).

Income tax amount accrued in the year.

Your move is as follows:

a) It will be loaded:

A1) For the amount to be entered, with credit to account 4752.

a2) For the supported holds and the income on account of the tax, up to the corresponding amount of the period, resulting from minoring the full quota in the deductions and bonuses other than those mentioned amounts to be credited to account 473.

a3) By deferred tax in the year, with credit to account 479.

a4) For the application of advance taxes in previous years, with credit to the account 4740.

a5) By the application of the tax credit as a result of the compensation in the exercise of negative tax bases of previous years, with credit to the account 4745.

b) It will be paid:

b1) Due to the advance tax in the financial year, charged to the account 4740.

b2) By the tax credit generated in the financial year as a result of the existence of a negative tax base to compensate, with the count of 4745.

b3) By applying deferred taxes in previous years, with account 479.

c) It will be paid or charged, charged or credited to account 129.

64. Staff costs

640. Wages, salaries and wages (*).

641. Compensation.

642. Social security in charge of the company.

643. Contributions to supplementary pension schemes and other obligations to staff (*).

649. Other social expenditure.

640. Wages, salaries and wages (*).

Remuneration, fixed and eventual, to the company's staff, as well as the employees.

(a) The full amount of accrued wages and wages shall be charged:

a1) For cash payment, with credit to sub-group 57 accounts.

a2) For accruals and unpaid, with credit to account 465.

a3) For compensation of outstanding debts, with credit to accounts 254, 460 and 544 as applicable.

a4) For the withholding of taxes and social security contributions from the staff, with credit to the accounts of the subgroup 47.

643. Contributions to supplementary pension schemes and other obligations to staff (*).

Amount of accrued contributions to pension plans or other similar system of coverage of retirement, invalidity or death, as well as other obligations to the company's staff.

a) It will be loaded:

A1) By the amount of annual contributions to pension plans or other similar institutions outside the company, with credit, generally, to the accounts of subgroups 52 or 57.

a2) By the annual estimates that are made in order to nurture the internal funds, with credit to the account 140.

66. Financial expenses

661. Bond and bond interest.

662. Interest on long-term debts.

663. Interest on short-term debts.

664. Interest on discount for effects.

665. Sales discounts for early payment.

666. Losses in marketable securities.

667. Credit losses.

668. Negative differences of change (*).

669. Other financial expenditure (*).

668. Negative differences of change (*).

Losses produced by changes in the exchange rate in fixed income, credit, debt and cash securities, in currency other than the euro, in accordance with the criteria set out in the valuation rules.

a) It will be loaded:

a1) At the end of the financial year or when they sell the respective securities, credits or debits, with credit to groups 1, 2, 4 or 5 of the securities, claims, debits and cash, in currency other than the euro.

a2) When securities and credits are charged, debits are paid or cash is delivered in currency other than the euro, with credit to sub-group 57 accounts.

669. Other financial expenditure (*).

Expenditure of a financial nature not collected in other accounts of this subgroup, including the annual fee that corresponds to the exercise of the expenses included in the account 270. It shall also collect insurance premiums covering risks of a financial nature, that is, inter alia, those covering the risk of insolvency of non-commercial claims and the risk of a currency exchange rate other than the euro.

It will be charged for the amount of the expenses incurred and for the amount to be charged in the exercise of the expenses of formalization of debts collected in the asset, with credit, in the latter case, to the account 270.

67. Losses from fixed assets and exceptional expenses

670. Losses arising from intangible fixed assets (*).

671. Losses arising from tangible fixed assets (*).

672. Losses from shares in the long-term capital of the group.

673. Losses from long-term equity holdings of associated companies.

674. Losses from operations with own shares and obligations.

675. Penalty for overproduction (*).

678. Extraordinary expenses (*).

679. Expenditure and losses of previous years.

670/671. Losses from ...... (*).

losses incurred in the disposal of intangible or tangible fixed assets, or by the reduction in total or partial inventory, as a result of losses due to irreversible depreciation of such assets. For these purposes, the amount of the compensation of insurance institutions shall, in accordance with the terms of the valuation rules, be reduced by the corresponding loss.

They will be charged for the loss produced in the disposal, with credit to the group 2 accounts that correspond.

675. Penalty for overproduction (*).

Amounts to be paid as a penalty for exceeding the production limits laid down in the relevant legislation.

678. Extraordinary expenses (*).

Significant losses and expenses that are not to be considered periodic when evaluating the future results of the company.

As a general rule a loss or expense will be considered as an extraordinary item only if it originates from facts or transactions that, taking into account the business sector in which the company operates, meet both conditions. following:

They fall outside of ordinary and typical business activities, and are not reasonably expected to occur frequently.

The following are indicated: those produced by floods, fires and other accidents; costs of a public offer to buy shares without success; penalties and fines or penalties. In particular and for this sector of activity, the losses of grapes shall be included due to climatic circumstances or uncontrollably and extraordinary health adversities.

Group 7

SALES AND REVENUE

Disposal of goods and services that are the object of the company's traffic; it also includes other income, variation of stocks and extraordinary profits from the financial year.

In general, all accounts in Group 7 are charged at the end of the financial year, with credit to account 129; therefore, when the group is set up, only the credit will be made reference. The exceptions shall include the reasons for the charge and the counterpart accounts.

70. Sales of commercial stocks, own production, services, etc. (*)

700. Sales of commercial stocks (*).

701. Sales of finished wine products (*).

702. Sales of agricultural products (*).

703. Sales of semi-finished products (*).

704. Sales of by-products and waste (*).

705. Sales of packaging and packaging (*).

706. Provision of services (*).

708. Sales returns and similar transactions.

709. "Rappels" about sales.

700/706. Sales of ........ (*).

Transactions, with departure or delivery of the goods or services object of traffic of the company, by price.

These accounts will be paid for the amount of the sales, from the accounts of the subgroup 43 or 57. Four-digit accounts must be set up to collect the different designations of origin or specific names, corresponding to own production sales.

71. Stock variation

710. Change in stocks of products in the process of short-cycle breeding (*).

711. Change in stock of products in the process of ageing and ageing of the long cycle (*).

712. Change in stocks of agricultural products in progress (*).

713. Change in stocks of semi-finished products and in the process of bottling (*).

714. Change in stocks of finished products (*).

715. Change in stocks of by-products, residues and recovered materials (*).

710/715. Change of stocks of ..... (*).

Accounts intended to record, at the end of the financial year, variations between final stocks and the initial stocks corresponding to subgroups 33, 34, 35, 36, 37 and 38 (products in the process of rearing, agricultural products in course, semi-finished products and in the process of bottling, finished products and by-products, residues and recovered materials.

Your move is as follows:

They shall be charged for the amount of the initial stock and shall be paid for that of the final stock, with credit and charge, respectively, to the accounts of the sub-groups 33, 34, 35 and 36, 37 and 38. The balance resulting from these accounts shall be charged or paid, as the case may be, to account 129.

73. Jobs performed for the company

730. incorporation into the asset of establishment expenses.

731. Work carried out for intangible fixed assets.

732. Work carried out for the fixed assets.

733. Work carried out for the fixed equipment.

735. Activities carried out in the application of provisions for risks and expenses (*).

737. Incorporation into the formalization expense asset.

735. Activities carried out in the application of provisions for risks and expenses (*).

Expenditure incurred by the company in application of the provision for risks and expenses corresponding, in particular, the provision for responsibilities, for environmental actions, for productive recovery work of the land and for the compensation of costs of off-duty fixed assets.

It will be paid for the amount of the expenses, from the accounts of the subgroup 14.

75. Other management revenue

751. Results of operations in common.

7510. Loss transferred (manager).

7511. Profit attributed (participating or non-managing partner).

752. Income from leases and sharecropping (*).

753. Industrial property revenue ceded in operation.

754. Fee income.

755. Income from services to staff.

756. Income from insurance claims for claims in the ordinary business (*).

759. Miscellaneous services revenue.

752. Income from leases and sharecropping (*).

The accruals for the leasing or sharecropping of movable, immovable or rustic property transferred for use or disposal by third parties.

It will be paid for the amount of the income, from the accounts of the subgroup 44 or 57.

756. Income from insurance claims for claims in the ordinary business (*).

Income from claims arising out of stocks and other items affecting the business of the undertaking resulting in expenditure whose nature is of exploitation, therefore excluding those resulting from the fixed assets and of other elements other than the above, in the terms set out in the Valuation Rules. For these purposes, account should be taken of the information given in sub-group 77 in relation to the nature of the operation.

It will be paid for the amount of revenue, with charge, usually to account 448 or to sub-group 57 accounts.

76. Financial income

760. Income from equity participations.

761. Income from fixed income securities.

762. Revenue from long-term loans.

763. Short-term credit income.

765. Discounts on purchases for early payment.

766. Benefits in marketable securities.

767. Income from insurance compensation for exchange rate risk (*).

768. Positive differences of change (*).

769. Other financial income.

767. Income from insurance compensation for exchange rate risk (*).

Income from claims arising from currency exchange differences other than the euro.

It will be paid for the amount of revenue, usually charged to the accounts of subgroup 57.

768. Positive differences of change (*).

Benefits produced by changes in the exchange rate in fixed income, credit, debt and cash securities, in currency other than the euro, in accordance with the criteria set out in the Valuation Rules.

a) It will be paid:

a1) When they sell the securities, the claims and debts that originated the said benefits, from the accounts of groups 1, 2, 4 or 5 representative of the securities, credits or debits in currency other than the euro.

a2) At the end of the financial year, under the accounts of the sub-group 57 representative of cash in currency other than the euro.

a3) When profits are attributable to results in accordance with the Valuation Standards, with account of account 136.

a4) When securities and credits are collected, debits are paid or cash is delivered in currency other than the euro, from account of subgroup 57.

77. Benefits from immobilised and exceptional income

770. Profits from intangible fixed assets.

771. Profits from tangible fixed assets.

772. Profit from long-term equity holdings of companies in the group.

773. Profits from long-term equity holdings of associated companies.

774. Profit from operations with own shares and obligations.

775. Capital grants transferred to the result of the financial year (*).

778. Extraordinary income (*).

779. Income and benefits from previous years.

775. Capital grants transferred to the result of the financial year (*).

Amount transferred to the result of the grant exercise in accordance with the criteria set out in the Valuation Standard.

Your movement is explained in account 130.

778. Extraordinary income (*).

Benefits and revenues of significant amounts that are not to be considered periodic when evaluating the future results of the company.

As a general rule, a profit or income shall be considered as an extraordinary item only if it originates from facts or transactions which, taking into account the sector of activity in which the company operates, both comply with the two Following conditions:

They fall outside of ordinary and typical business activities, and are not reasonably expected to occur frequently.

They will include, among others, those from the rehabilitation of those credits that in their day were amortized by firm insolvencies, as well as the indemnities settled by insurance companies in claims, different from those collected in subgroup 75 or 76.

FOURTH PART

Annual accounts

Note: Only those rules for drawing up annual accounts that have been adapted are included.

Balance and profit and loss account models are included in their entirety.

In relation to memory models, only those sections that have been adapted so that the sections of it that have undergone some change, including the different numbering, are included in their memory models are included in their all.

I. RULES FOR DRAWING UP ANNUAL ACCOUNTS

2.a Annual Account Form

1. The annual accounts shall be drawn up by the employer or the administrators within the maximum period of three months from the end of the financial year. For this purpose, the annual accounts shall express the date on which they were formulated and must be signed by the employer, by all the partners who are responsible for the social debts, in the event of a collective or a joint venture, or all administrators, in the case of a limited liability company or a limited liability company; if any of them is not signed, an indication of the cause shall be expressed in each of the documents in which it is missing.

2. The balance sheet, the profit and loss account and the memory shall be identified; the name, the undertaking to which they correspond and the financial year to which they relate are clearly indicated in each of these documents.

3. The annual accounts shall be drawn up by expressing their values in euro; however, the values may be expressed in thousands of euros when the magnitude of the figures so advises, in this case this circumstance shall be indicated in the accounts. In any event, they must be clearly worded and show the true image of the assets, the financial situation and the results of the company.

3. Annual Accounts Structure

The annual accounts of public limited liability companies, including those of limited liability companies, simple collective and limited liability companies when all partners are closed to the financial year They are either Spanish or foreign companies, they will have to adapt to the normal model.

4. Short Annual Accounts

1. The companies identified in standard 3.a may use the annual accounts abbreviated in the following cases:

(a) Short balance sheet and memory: companies where at the end of the financial year, at least two of the following conditions are met:

The total of the assets of the asset does not exceed EUR 2,373,997,81 (395 million pesetas). For these purposes, the total amount shown in the model of the balance sheet shall be taken as total assets.

The net amount of its annual business figure is less than € 4,747,995.63 (790 million pesetas).

The average number of employees employed during the financial year is not more than 50.

(b) Short-term profit and loss account: companies in which at the end of the financial year, at least two of the following conditions are met:

That the total of the assets of the asset does not exceed 9,495,991.25 euros (1,580 million pesetas). For these purposes, the total amount shown in the model of the balance sheet shall be taken as total assets.

The net amount of its annual business figure is lower than 18,991,982.5 euros (3.16 billion pesetas).

The average number of employees employed during the financial year is not more than 250.

When a company, on the date of the end of the financial year, becomes two of the circumstances mentioned above or ceases to comply with them, such a situation will only produce effects as to what is stated in this paragraph if repeated for two consecutive exercises.

2. Companies with a different corporate form not mentioned in the previous standard as well as individual entrepreneurs will be required to make at least the abbreviated annual accounts.

3. The requirements set out in the following rules for normal models shall be in line with the characteristics of the abbreviated models.

5

The balance sheet, comprising, with due separation, the assets and rights that constitute the company's assets and the obligations and own funds that form the liability of the company shall be made taking into account that:

(a) In addition to the figures for the financial year which is closed, the following shall be shown for each item immediately preceding the preceding financial year.

For these purposes, where some and other effects are not comparable, either because there has been a change in the balance sheet structure or a change in imputation, the amounts of the financial year must be adjusted. precedent, for the purposes of its presentation in the current financial year.

(b) The criteria for accounting for one year to another shall not be amended, except for exceptional cases which shall be indicated and justified in memory.

(c) The items to which no amount corresponding in the financial year or in the preceding year shall not be included.

(d) The structure from one financial year to another shall not be modified unless exceptional cases are indicated in memory.

e) New items may be added to those provided for in the normal and abbreviated models, provided that their content is not provided for in the existing ones.

f) A more detailed subdivision of the items appearing on the models can be made, both in the normal and the abbreviated.

g) Items preceded by Arabic numbers may be grouped together, if they represent only an irrelevant amount to show the true image or if clarity is favoured.

(h) Credit and debt to group or associated companies, whatever their nature, shall be in the corresponding assets or liabilities, with the separation of those that do not correspond to group or associated companies, respectively. For these purposes, the associated companies will also include relationships with multi-group companies.

(i) The short-to long-term classification shall be made taking into account the expected maturity, disposal or cancellation.

It shall be considered as a long-term period of more than one year from the date of the end of the financial year.

(j) The overall amount of the duties on assets affected by leasing transactions to be shown in the asset shall be entered in separate heading. For these purposes, a item under item B. II of the balance sheet asset shall be created, with the name 'Rights on assets under the financial lease'. The debts relating to such operations shall be entered in separate headings. For these purposes, the items 'Long-term financial leasing creditors' and 'Short-term financial leasing creditors' shall be created in the headings D. II and E. II, respectively, of the liability of the balance sheet.

k) Financial investments with a maturity of not more than one year shall be under the heading D. IV of the asset, "Temporary financial investments".

(l) Pending disbursements on actions constituting permanent financial investments, which are not required but which are required in the short term under Article 42 of the Recast Text of the Companies Act shall be included in item E.V. 3 of the balance sheet liability.

m) Non-financing with a maturity of not more than one year shall be included in the liability group E, "Short-term creditors".

n) Where there are provisions for risks and expenses with a maturity of not more than one year, the liability group F shall be created with the name 'Provisions for short-term risks and expenses'.

or) Where own shares are held, pending redemption, acquired in execution of a capital reduction agreement adopted by the General Board shall be created under the heading A. VIII of the liability, with the name "Shares" own for capital reduction. " This heading, which will always have a negative sign, will cover the amount of own funds.

p) For the debit accounts for traffic operations with a maturity of more than one year, item B. VI of the asset shall be created, with the name 'Debtors for long-term traffic operations'; the breakdown shall be made required.

q) For the accounts for traffic operations with a maturity of more than one year, the liability item D. VI shall be created, with the name of "Creditors for long-term traffic operations"; the breakdown shall be made required.

r) Companies participating in one or more temporary joint ventures must present the balance sheet, subject to the provisions of the Standard of Valuation 22.a, in one of the following ways:

By integrating into each balance sheet the amounts corresponding to the temporary unions of companies in which they participate.

Differentiating in each balance sheet the amount corresponding to the company itself and to the temporary unions of companies.

Chosen one of the above options for drawing up the balance sheet, the same should be applied for the profit and loss account.

Companies participating in one or more communities of goods shall present the balance sheet of one of the two forms indicated above, in accordance with the provisions of the Standard of Valuation 22.a.

6. Profit and Loss Account

The profit and loss account, comprising, with due separation, the revenue and expenditure of the financial year and, by contrast, the result of the exercise, shall be made taking into account that:

(a) In each item, the figures for the financial year which are closed shall be shown in addition to the figures for the preceding financial year.

For these purposes, where some and other effects are not comparable, either because there has been a change in the structure of the profit and loss account or a change in imputation, the changes must be made. amounts of the preceding financial year for the purposes of its presentation in the current year.

(b) The items to which no amount corresponding in the financial year or in the preceding year shall not be included.

(c) The structure of one financial year shall not be modified unless exceptional cases are indicated in the memory.

(d) New items may be added to those provided for in the normal and abbreviated models, provided that their content is not provided for in the existing ones.

e) A more detailed subdivision of the items appearing in the models, both in normal and abbreviated, may be made.

(f) Items preceded by Arabic numbers may be grouped together if they represent only an irrelevant amount to show the true image or if they favour clarity.

g) In the associated companies, the relationship with multi-group companies will also be included.

h) The financial expenses of long-term debt with short maturity will be included in the Deba, in Pool 7. "Financial expenses and expenses assimilated".

i) Companies participating in one or more temporary joint ventures shall be required to present the profit and loss account, in accordance with the provisions of the Standard of Valuation 22.a, in one of the following ways:

By integrating into each item of the profit and loss account the amounts corresponding to the temporary unions of companies in which they participate.

Differentiating in each item from the profit and loss account the amount corresponding to the company itself and to the temporary unions of companies.

Companies participating in one or more communities of goods shall be required to present the profit and loss account in one of the two forms indicated above, in accordance with the provisions of the Standard of Valuation 22.a

7. Memory

Full, comprehensive and comments on the information contained in the balance sheet and the profit and loss account; it will be made taking into account that:

(a) The memory model collects the minimum information to be completed; however, in cases where the information requested is not significant, the corresponding paragraphs will not be completed.

(b) Any other information not included in the model of the memory which is necessary to facilitate the understanding of the annual accounts to be presented shall be indicated in order to reflect the true image of the accounts. of the assets, the financial situation and the results of the company.

(c) What is established in memory in relation to the associated enterprises should also be understood as referring to multigroup companies.

(d) The requirements of paragraph 4 of the memory shall be adapted for presentation, in any case, in a synthetic manner and in accordance with the requirement of clarity.

(e) Companies participating in one or more temporary joint ventures and opting to present the balance sheet model by integrating the amounts corresponding to the temporary unions of undertakings into each item of the balance sheet the figures for these temporary unions of undertakings shall be detailed in each section of the report.

In addition, companies that choose to present the balance sheet model by integrating the corresponding amounts of the communities of goods into which they participate in each item will have to detail, in each section of the memory, the figures that correspond to those communities of goods.

8. th Financing table

The financing table, which collects the resources obtained in the exercise and its different origins, as well as the application or the use of the same in fixed or circulating, will be part of the memory.

It will be formulated considering that:

(a) In each item, in addition to the figures for the financial year, the figures for the financial year immediately preceding the preceding financial year.

When each and other are not comparable, the amounts of the preceding financial year shall be adjusted for the purposes of their presentation in the current financial year. However, where the preceding financial year has drawn up an abbreviated memory, the figures for the preceding financial year may be omitted.

(b) The headings included in the financing table should be adapted in the light of the importance of the different operations for the institution, making groupings of the different concepts when they are minor importance and incorporating those not included which may be significant in assessing and interpreting the changes in the financial situation.

(c) The financing table shall show separately the different sources and permanent applications of resources on the basis of the operations which have produced them and whether or not these operations have affected or not formally, to working capital, including, inter alia, capital increases carried out through the conversion of long-term debts, which must be included simultaneously as an application and as a source of funds. It shall also summarise the increases and decreases which have occurred in the financial year in that working capital.

(d) The results of the financial year shall be corrected to eliminate the profits or losses resulting from the valuation of fixed assets or long-term liabilities, expenses and revenues that are not (a) the change in working capital and the results obtained in the disposal of fixed assets.

The items that result in the correction of the result are, among others, the following:

Increased benefit or decrease in loss:

1. Allocations to depreciation and provisions for fixed assets.

2. Provision for the provision for risks and expenses.

3. Expenses arising from deferred interest.

4. Amortization of debt formalisation expenses.

5. Negative change differences.

6. Losses from the disposal of fixed assets.

7. Deferred corporate tax on the financial year and the relevant adjustments.

Decreased benefit or increased loss:

1. Overruns of fixed assets.

2. Excess of provisions for risks and expenses.

3. Income derived from deferred interest.

4. Positive change differences.

5. Benefits in the disposal of fixed assets.

6. Capital grants and other transfers to the result of the financial year.

7. Corporate tax in the financial year and tax credit generated in the financial year for loss compensation and relevant adjustments.

When the result of the corrected exercise is positive (profit) it will be shown in resources under the name "Resources from the operations". On the other hand, if the result of the corrected exercise is negative (loss), it will be displayed in applications with the name "Resources applied in the operations".

As a note to the financing table, a summary of the corrections to the result should be included, reconciling the accounting result of the exercise with the resources from the operations shown in the report. table.

e) Resources obtained in the disposal or early cancellation of tangible, intangible or financial fixed assets shall be obtained by adding or subtracting, respectively, the net book value of the corresponding fixed assets, the profit or loss obtained in the operation.

(f) revaluations of fixed assets made in the financial year under a law shall not be considered as sources or applications of resources, without prejudice to the revaluations that have affected elements of fixed assets in the financial year, are considered as higher book value for the purposes of determining the resources obtained in the financial year as a result of such disposal.

g) The different sources and applications of resources for transactions formalised in the financial year will be shown in the financing table for their actual amount, i.e. deducted the deferred interest expense and income, and any other expenditure or income to be distributed in various financial years that has not been a change in working capital.

(h) Differences in the exchange of fixed income securities, debts and long-term claims incurred during the financial year shall not be shown as a source or application of funds, and the corresponding correction should therefore be made. the result or your compensation with income to be distributed in various exercises.

(i) The application of resources to permanent financial investments resulting from the renegotiation or transfer of temporary financial investments will be shown separately under the name " Renegotiation of temporary financial investments ' where the importance of their volume so advises. This rule will also apply to resources obtained by renegotiating short-term debts, and must be included separately, where appropriate, with the name 'Renegotiation of short-term debts'.

j) The resources applied for short-term transfer of long-term debts will be shown by the debt repayment value.

k) The resources applied for early cancellation of long-term debts will be shown by the effective amount of the cancellation.

(l) Resources from shareholders ' contributions shall be shown in the financing table as a source of funds in the year in which the effective contribution is made or where the disbursement has been agreed.

m) When long-term business operations occur, debits and credits constitute, respectively, permanent sources or applications of resources and must be shown separately in the financing table, according to the next detail:

Resources applied in traffic operations:

Long-term commercial credits.

Short-term transfer of commercial debts.

Resources obtained by traffic operations:

Long-term commercial debts.

Short-term transfer of commercial credits.

FOLLOW MODELS

(SEE IMAGES, PAGE 19049 TO 19052)

MEMORY

4. Valuation rules

The accounting criteria applied for the following items shall be indicated:

(a) Establishment expenses; indicating the criteria used for capitalization, depreciation and, where applicable, sanitation.

(b) Intangible fixed assets; indicating the criteria used for capitalization, depreciation, provisions and, where applicable, sanitation.

Justification, where applicable, for the amortisation of the goodwill over a period of more than five years; indicating the amounts of revenue that is expected to generate such assets during its amortisation period.

In addition, the criteria for accounting for leasing contracts will be specified.

c) Fixed material, indicating the criteria for:

Amortization and provision of provisions.

Capitalization of interest and exchange differences.

Accounting for extension, modernization, and improvement costs.

Determination of the cost of the works performed by the company for its fixed assets.

The items of the fixed assets held in the asset for a fixed amount.

Value updates practiced under a law.

(d) marketable securities and other similar financial investments, distinguishing in the short and long term; indicating the valuation criteria and, in particular, specifying the criteria for valuation corrections.

e) Non-commercial credits, distinguishing in the short and long term; indicating the criteria for valuation and, in particular, specifying those followed in the valuation corrections and, where applicable, the accrual of interest.

(f) Stocks; indicating the valuation criteria and, in particular, specifying the criteria for valuation corrections and the capitalisation of interest in the long-cycle production.

In addition, the criteria for the valuation of the items in the asset for a fixed amount shall be specified.

g) Own shares held by the company.

h) Grants, donations and legacies; indicating the criterion of imputation to results.

i) Provisions for staff obligations; indicating the accounting criterion and carrying out a general description of the method of estimation and calculation of each of the risks covered.

(j) Other provisions of Group 1; indicating the accounting criterion and making a general description of the method of estimation and calculation of the risks or expenses included in those provisions.

k) Debts, distinguishing in short and long term; indicating the valuation criteria, as well as the imputation of the results of the interest or deferred premiums.

l) Profit tax; indicating the criteria used for accounting.

m) Currency transactions other than the euro; indicating the following:

Currency balances valuation criteria other than the euro.

A procedure used to calculate the euro exchange rate of assets that are currently or at the origin of which have been expressed in currency other than the euro.

Criteria for accounting for change differences.

n) Revenue and expenses.

o) Business actuations with environmental impact, indicating:

Assessment criteria, as well as imputation to the results of the amounts intended for the preceding purposes. In particular, the criterion followed to consider these amounts as expenditure for the year or as the higher value of the corresponding asset shall be indicated.

Description of the estimation method and calculation of provisions arising from the environmental impact.

p) Work of productive recovery of the land, indicating the criteria used for its quantification.

q) Criteria for estimation in the provision for investments made in agricultural land.

6. Intangible fixed assets

Analysis of the movement during the exercise of each balance sheet item included in this item and its corresponding accumulated redemptions and provisions; indicating the following:

Initial balance.

Entries or envelopes.

Increases by transfers or transfers from another account.

Outputs, casualties, or reductions.

Decreases by transfers or transfers to another account.

Final Balance.

These effects will be distinguished between concessions, patents, licenses, trademarks and similar acquired for onerous purposes and those created by the company itself.

The goods used under the leasing arrangements shall be reported, specifying in accordance with the terms of the contract: cost of the goods at source, distinguishing the value of the option of purchase, duration of the contract, The following years have been met, quotas satisfied in previous years and in the financial year, outstanding shares and the value of the purchase option.

In particular, information on the characteristics relating to replanting rights shall be reported, indicating the book value.

Also, the investments made in the transferred land and the depreciation criterion used will be detailed.

Significant elements that may exist in this heading will be detailed and additional information on their use, expiry date and amortisation period will be provided.

7. Tangible fixed assets

7.1 Analysis of the movement during the exercise of each balance sheet item included in this item and its corresponding accumulated redemptions and provisions; indicating the following:

Initial balance.

Entries or envelopes.

Increases by transfers or transfers from another account.

Outputs, casualties, or reductions.

Decreases by transfers or transfers to another account.

Final Balance.

When updates are made, it must be indicated:

Law that authorizes it.

Amount of revaluation for each item, as well as the increase in accumulated amortization.

Effect of the update on the allocation to amortisation and, therefore, on the outcome of the next financial year.

7.2 Information about:

Amount of net revaluations accumulated at the end of the financial year, carried out under a law and the effect of those revaluations on the allocation to the depreciation and the provisions in the financial year.

Amortization coefficients used by item groups.

Characteristics of investments in tangible fixed assets acquired from group and associated companies, with an indication of their book value and the corresponding accumulated depreciation.

Characteristics of investments in tangible fixed assets located outside the Spanish territory, with an indication of their book value and the corresponding accumulated depreciation.

Amount and characteristics of the active soleras and criaderas, pointing in particular to the amount of stock of broth incorporated therein.

Amount of interest and exchange differences capitalized on the financial year.

Characteristics of the fixed assets did not directly affect the holding, indicating its book value and the corresponding accumulated depreciation.

Amount and characteristics of investments made in plantations and replantations in vineyards.

Amount and characteristics of fully amortized, technically obsolete or unused assets.

Goods affected by guarantees and reversion.

Grants, donations and legacies received related to the immobilized material.

Firm commitments to purchase and predictable sources of financing, as well as firm commitments to sell.

Any other material of a substantive nature affecting property of the fixed assets such as: leases, insurance, litigation, liens and similar situations.

8. Financial investments

8.1 Analysis of movement during the exercise of each balance sheet item included in the headings of "Financial assets" and "Temporary financial investments" and their corresponding provisions, indicating both for the long as for the short term, the following:

Initial balance.

Entries or envelopes.

Increases by transfers or transfers from another account.

Outputs or reductions.

Decreases by transfers or transfers to another account.

Final Balance.

For these purposes, each item shall be broken down according to the nature of the investment, distinguishing, where appropriate, between capital shares, fixed income securities, loans and interest credits.

8.2 Group company and partner information, detailing:

Denomination, domicile and legal form of the companies in the group, specifying for each of them:

Activities that they exercise.

Fraction of capital held directly or indirectly, distinguishing between both.

Amount of capital, reserves and result of the last financial year, breaking down the extraordinary.

Value according to books of equity participation.

Dividends received in the financial year.

Indication of whether or not the shares are listed on an official secondary market and, where applicable, the average price of the last quarter of the year and the closing of the financial year.

Only the information required at this point may be omitted when, by its nature, it can cause serious harm to the undertakings concerned; in that case the omission must be justified.

The same information as the previous point with respect to the associated companies and the companies in which the company is a collective partner.

Notifications made pursuant to Article 86 of the recast of the Law on Limited Companies, to the participating companies, directly or indirectly, by more than 10 per 100.

8.3 Other information about:

Amount of fixed income and other similar financial investments, as well as of the credits, which are due in each of the five years following the end of the financial year and the rest until the end of the year; distinguishing by debtors (group companies, associates, and others). These particulars shall be shown separately for each of the items relating to financial investments, in accordance with the balance sheet model.

Amount of accrued and uncollected interest.

Negotiable securities, other similar financial investments and credits given or affected by collateral.

Breakdown of marketable securities and other similar financial investments, as well as of credits, according to the types of currency in which they are instrumented and, where applicable, coverage of existing exchange differences, distinguishing those issued by group companies, associates and others.

Average rate of return on fixed income and other similar financial investments, by homogeneous groups and, in any case, distinguishing those issued by group companies, associates and others.

Firm commitments to purchase marketable securities and other similar financial investments and predictable sources of financing, as well as firm commitments to sell.

Characteristics and amount of any guarantees received in connection with the credits granted by the institution (such as, guarantees, apparel, domain reserves, repurchase agreements, etc.).

Any other substantive circumstances affecting marketable securities, other similar financial investments and loans, such as: Litigation, liens, etc.

9. Stocks

Information about:

Firm buying and selling commitments, as well as information on future contracts relating to stocks. In particular, contracts with farmers for the purchase of grapes, pointing out the agreed terms and conditions.

Limitations on the availability of stocks by guarantees, pignorations, bonds and other similar reasons, indicating the items to which they affect and their temporary projection.

Amount of stocks that are listed in the asset by a fixed amount.

Amount of interest and exchange differences in currency other than the euro capitalised in the year as stocks with a long production cycle. The capitalised amount of both concepts corresponding to previous financial years shall also be indicated and shall form part of the value of the items remaining on the asset.

Amount of stocks produced by the company, grouping by designations of origin or specific ones, and those acquired from other companies.

Amount of stocks whose production cycle is higher than the year.

Classification of stocks by their different anadas.

Any other substantive circumstances affecting the ownership, availability or valuation of stocks, such as:

Litigation, insurance, liens, etc.

11. Grants, donations and legacies

Information on the amount and characteristics of the grants, donations and legacies received that appear in the corresponding balance sheet items and the profit and loss account.

Analysis of the movement of the corresponding balance sheet items, indicating the initial and final balance as well as increases and decreases.

Information on the origin of grants, donations and legacies, specifying whether they are received from the public or private sector and for the first to indicate the Ente that grants it, specifying, in any case, whether they are Administration of the European Union, State Administration, Autonomic or Local granting of the same.

In particular, the amounts granted for damage caused by natural disasters shall be specified.

Information about the commitments or conditions to be met and the degree of compliance and non-compliance, associated with grants, donations and legacies.

12. Provisions for obligations to staff

12.1 Analysis of the movement of this balance sheet item during the financial year; distinguishing provisions for the active and passive personnel as well as the various concepts, indicating:

Initial balance.

Envelopes, distinguishing from their origin (financial expenses, staff expenses, ...

Applications.

Final Balance.

12.2 Information about:

Risks covered.

Capitalization type used.

13. Other provisions of Group 1

13.1 Analysis of the movement of each balance sheet item during the financial year; indicating:

Initial balance.

Envelopes.

Applications.

Final Balance.

In particular, the movement and characteristics of the "Provision for productive recovery of the land", the "Provision for investments made in agricultural land transferred" and the "Provision by value" will be detailed. negative residual ".

13.2 Information about risks and expenses covered.

14. Non-commercial debts

14.1 Breakdown of item D. IV. 2 of the liability of the balance sheet, "Other debts", distinguishing between debts that can be converted into grants, fixed assets and others.

Breakdown of items E. III.1 and E. III.2 of the balance sheet liability, 'Debt to group companies' and 'Debt to associated companies', distinguishing between loans and other debts and interest-bearing debts.

14.2 Information, distinguishing between short and long term, about:

Amount of the debts that are due in each of the five years following the end of the financial year and up to its cancellation, distinguishing between group companies, associates and others. These particulars shall be shown separately for each of the debt items in accordance with the balance sheet model.

Amount of debts with collateral.

Breakdown of currency debts other than the euro according to the types of currency in which they are engaged and, where applicable, coverage of differences of exchange, distinguishing between group companies, associates and others.

Average interest rate on non-commercial long-term debts.

Amount available on discount lines, as well as credit policies granted to the company with their respective limits, specifying the willing part.

Amount of accrued and unpaid financial expenses.

Detail of bonds and bonds in circulation at the end of the financial year, indicating the main characteristics of each one (interest, maturities, guarantees, convertibility conditions, etc.).

15. Tax situation

Explanation of the difference between the accounting result of the financial year and the tax result.

Reconciliation of the result with the tax base of corporation tax

Accounting result for the financial year.........................................................

(SEE IMAGE, PAGE 19055)

Increases

Decreases

Company tax.......................................................

Permanent differences...................................................

Temporary differences:

With origin in the exercise....................................................

With origin in previous exercises..................................................

Compensation of negative taxable bases for previous years..................................................... (........ .)

Tax base (tax result).............................................

In addition, the following information must be indicated:

The difference between the tax burden charged to the financial year and the previous years and the tax burden already paid or to be paid for those exercises, in so far as that difference has a certain interest in respect of the future tax burden. This difference must be broken down, distinguishing between advance tax and deferred tax.

The differences that occur between the accounting valuation and the one that would correspond to exceptional value corrections of the assets of the fixed assets and the working assets that are due solely to the application of the tax legislation, duly justified.

Taxable negative bases pending tax compensation, indicating the time and conditions to be able to do so.

Nature and amount of tax incentives applied during the financial year, such as deductions and reliefs to investment, job creation, etc., as well as to deduct.

Commitments acquired in relation to tax incentives.

Information on the tax situation of temporary unions of companies and, where appropriate, of the communities of goods.

Any other substantive circumstances in relation to the tax situation.

16. Guarantees committed to third parties and other contingent liabilities

Overall amount of guarantees committed with third parties, as well as the amount of the liabilities included in the balance sheet liability. This information shall be broken down by class of guarantees and distinguishing those related to group, associate and other undertakings.

Nature of the contingencies, system of assessment of the estimation and factors of which it depends, with indication of the eventual effects on the patrimony and on the results; if any, the reasons that prevent it will be indicated this assessment and the existing maximum and minimum risks.

Guarantees, with indication of the related responsibilities committed to the temporary unions of companies and communities of goods.

17. Revenue and expenditure

17.1 Breakdown of items 2.a and 2.b of the profit and loss account, "Consumption of commercial stocks" and "Consumption of raw materials and other consumable materials", distinguishing between purchases and variation of stocks.

Breakdown of item 3.b of the profit and loss account "Social charges", distinguishing between contributions and endowments for pensions and other social charges.

Breakdown of item 5.b of the account of profit and loss account "Change of provisions and losses of bad loans", distinguishing between failed and the variation of the provision for insolvencies.

In the event that the company makes the short profit and loss account, it shall include in this paragraph the breakdowns indicated above in relation to items 1. "Consumption of exploitation", 2.b. "Social charges" and 4. "Variation of the traffic provisions and losses of bad credits" of the abbreviated model of that account.

17.2 Information about:

Transactions made with group and associated companies detailing the following:

Purchases made, purchases returns, and "rappels".

Sales made, sales returns, and "rappels".

Services received and provided.

Interest paid and loaded.

Dividends and other distributed profits.

Transactions made in currency other than the euro, with separate indication of purchases, sales and services received and provided.

The distribution of the net amount of the business figure corresponding to the company's ordinary activities, by categories of activities as well as by geographic markets, distinguishing, in particular, the sales made in the European Union and in the rest of the world. The omission of the information required at this point must be justified where it is liable to cause serious damage to the undertaking.

Income from estimated or received compensation from insurance institutions for stock or other operating expenses as well as for exchange rate risk.

Average number of persons employed in the course of the financial year, distributed by category.

Extraordinary expenses and revenues, including income and expenses for previous years. In particular, gross receipts shall be reported on the basis of estimated or received compensation from insurance institutions.

Expenses and revenues that, having been accounted for during the financial year, correspond to a later one.

Expenditure and revenue charged to the financial year to be satisfied in a subsequent year.

Revenue produced by the sale of own production products, distinguishing products and designations of origin or specific products, as well as the income of wine products and derivatives acquired from other companies.

20. Table of funding

It will describe the resources obtained in the exercise, as well as their application or employment and the effect that such operations have produced on working capital. For these purposes, the accompanying model must be completed.

FOLLOW MODELS

(SEE IMAGES, PAGE 19056 TO 19058)

22. Environmental information

Information about:

Description and characteristics of the most significant systems, equipment and installations incorporated into the immobilised material, the purpose of which is to minimise the environmental impact and the protection and improvement of the environment indicating its nature, destination, as well as the book value and the corresponding accumulated depreciation of the same as long as it can be determined on an individual basis.

Expenses incurred in the exercise of the protection and improvement of the environment, distinguishing the expenses of ordinary character and those of extraordinary nature, indicating in all cases their destination.

Risks and expenses covered by the provisions corresponding to environmental actions, with particular indication of the derivatives of ongoing litigation, indemnities and others; it will be noted for each provision:

Initial balance.

Envelopes.

Applications.

Final Balance.

Contingencies related to the protection and improvement of the environment, including the risks transferred to other entities, system of assessment of the estimation and factors on which it depends, with indication of possible effects on the assets and results; where appropriate, the reasons for this assessment and the maximum and minimum risks shall be indicated.

23. Temporary unions of businesses and communities of goods

1. Information on each temporary union of companies in which it is involved, indicating:

Valuation criteria used by the temporary join.

Percentage of participation that you own from each temporary join

2. Relationship of temporary unions of companies in which it participates, indicating the overall turnover, as well as any other aspect related to the temporary unions, in particular, among others, the activity of the same.

3. Information on the way in which the operations of the temporary unions of companies in which they participate have been integrated into the company.

4. For each community of goods in which the undertaking participates, the information requested in the preceding paragraphs shall be provided.

FOLLOW MODELS

(SEE IMAGES A, PAGE 19060 TO 19062)

ABBREVIATED MEMORY

4. Valuation rules

The accounting criteria applied for the following items shall be indicated:

(a) Establishment expenses; indicating the criteria used for capitalization, depreciation and, where applicable, sanitation.

(b) Intangible fixed assets; indicating the criteria used for capitalization, depreciation, provisions and, where applicable, sanitation.

Justification, where applicable, for the amortisation of the goodwill over a period of more than five years; indicating the amounts of revenue that is expected to generate such assets during its amortisation period.

In addition, the criteria for accounting for leasing contracts will be specified.

c) Fixed material, indicating the criteria for:

Amortization and provision of provisions.

Capitalization of interest and exchange differences.

Accounting for extension, modernization, and improvement costs.

Determination of the cost of the works performed by the company for its fixed assets.

The items of the fixed assets held in the Asset for a fixed amount.

Value updates practiced under a Law.

(d) marketable securities and other similar financial investments, distinguishing in the short and long term; indicating the valuation criteria and, in particular, specifying the criteria for valuation corrections.

e) Non-commercial credits, distinguishing in the short and long term; indicating the criteria for valuation and, in particular, specifying those followed in the valuation corrections and, where applicable, the accrual of interest.

(f) Stocks; indicating the valuation criteria and, in particular, specifying the criteria for valuation corrections and the capitalisation of interest in the long-cycle production.

In addition, the criteria for the valuation of the items in the asset for a fixed amount shall be specified.

g) Own shares held by the company.

h) Grants, donations and legacies; indicating the criterion of imputation to results.

i) Provisions for staff obligations; indicating the accounting criterion and carrying out a general description of the method of estimation and calculation of each of the risks covered.

(j) Other provisions of Group 1; indicating the accounting criterion and making a general description of the method of estimation and calculation of the risks or expenses included in those provisions.

k) Debts, distinguishing in short and long term; indicating the valuation criteria, as well as the imputation of the results of the interest or deferred premiums.

l) Profit tax; indicating the criteria used for accounting.

m) Currency transactions other than the euro; indicating the following:

Currency balances valuation criteria other than the euro.

A procedure used to calculate the euro exchange rate of assets that are currently or at the origin of which have been expressed in currency other than the euro.

Criteria for accounting for change differences.

n) Revenue and expenses.

o) Business actuations with environmental impact, indicating:

Assessment criteria, as well as imputation to the results of the amounts intended for the preceding purposes. In particular, the criterion followed to consider these amounts as expenditure for the year or as the higher value of the corresponding asset shall be indicated.

Description of the estimation method and calculation of provisions arising from the environmental impact.

p) Work of productive recovery of the land, indicating the criteria used for its quantification.

q) Criteria for estimation in the provision for investments made in agricultural land.

5. Fixed assets

Analysis of the movement during the exercise of the fixed assets, on the basis of an abbreviated balance sheet, and of their accumulated depreciation and provisions, indicating:

Initial balance.

Entries.

Outputs.

Final Balance.

In particular, the accounting value of the replanting rights and their characteristics, investments in land transferred, amount corresponding to soleras and criaderas and the corresponding to plantations and replantations of vines.

8. Group and partner companies

The registered name and legal form of the companies in which the company is a collective partner or in which it owns, directly or indirectly, at least three percent of the capital for those companies that have securities admitted to trading on an official secondary market and 20 per 100 for the remainder, with an indication of the proportion of capital held, as well as the amount of capital and reserves and the result of the last financial year.

11. Stocks

Information about:

Information on contracts with farmers for the purchase of grapes, stating the agreed terms and conditions.

Amount of interest and exchange differences in currency other than the euro capitalised in the year as stocks with a long production cycle. The capitalised amount of both concepts corresponding to previous financial years shall also be indicated and shall form part of the value of the items remaining in the Asset.

Amount of stocks produced by the company itself, grouping by designations of origin or specific ones, and from those acquired to other companies.

Amount of stocks whose production cycle is higher than the year.

Classification of stocks per year.

12. Environmental information

Information about:

Description and characteristics of the most significant systems, equipment and installations incorporated into the immobilised material, the purpose of which is to minimise the environmental impact, protection and improvement of the environment indicating its nature, destination, as well as the book value and the corresponding accumulated depreciation of the same as long as it can be determined on an individual basis.

Expenses incurred in the exercise of the protection and improvement of the environment, distinguishing the expenses of ordinary character and those of extraordinary nature, indicating in all cases their destination.

Risks and expenses covered by the provisions corresponding to environmental actions, with particular indication of the derivatives of ongoing litigation, indemnities and others; it will be noted for each provision:

Initial balance.

Envelopes.

Applications.

Final Balance.

Contingencies related to the protection and improvement of the environment, including the risks transferred to other entities, system of assessment of the estimation and factors on which it depends, with indication of possible effects on the assets and results; where appropriate, the reasons for this assessment and the maximum and minimum risks shall be indicated.

PART QUINTA

Valuation Rules

Note: Only those valuation rules that have been the subject of some modification, as well as those other than those of the General Accounting Plan, are included, although they vary their numbering.

2. Inmobilized Material

1. Valuation.

Goods included in the tangible fixed assets should be valued at the purchase price or the cost of production. In the case of goods acquired for free title, the price of the purchase shall be deemed to be the value of the goods at the time of purchase.

The value of the corresponding fixed assets shall be added to the amount of additional or additional investments made, being valued in accordance with the criteria set out in the preceding paragraph.

2. Purchase price.

The purchase price includes, in addition to the amount invoiced by the seller, all the additional costs incurred until it is placed under operating conditions: expenses for the planning and demolition, transportation, rights tariff, insurance, installations, assembly and similar.

The inclusion of financial expenses in the purchase price is permitted, provided that such expenses have become due prior to the placing on the holding of the asset, and have been rotated by the supplier or correspond to loans or other types of foreign financing, which are intended to finance the acquisition. In this case, your inscription on the Asset should be noted in the memory.

Indirect taxes on the assets of tangible fixed assets will only be included in the purchase price when they are not directly recoverable from the public treasury.

3. Production cost.

The cost of production of the goods manufactured or constructed by the company itself is obtained by adding to the purchase price of the raw materials and other consumable materials, the other costs directly attributable to those goods. The part that reasonably corresponds to the costs indirectly attributable to the goods in question must be added to the extent that such costs correspond to the manufacturing or construction period.

The inclusion of financial expenses in the cost of production is permitted, provided that such expenses have become due prior to the placing on the operating conditions of the asset, and have been rotated by the supplier or corresponding to loans or other types of foreign financing for the purpose of financing manufacturing or construction. In this case, your registration on the asset must be noted in the memory.

If this is an asset made up of separately used parts, and the date on which they are in operating conditions is different for each of them, the capitalization of the expenses shall be interrupted. financial at different times for each part of the asset.

Also, the capitalization of financial expenses will cease in the event of an interruption in the construction of the fixed assets.

In the case of land, in particular agricultural land, for the purpose of incorporating financial expenditure as a higher cost of production, it is understood that they are in operating conditions when the necessary work has been completed. to make them available for production.

If there is no agreement in time on the incorporation of the land into the company's assets and the commencement of the work or works to adapt it, it will be considered that during this period there has been an interruption in the works of adaptation, not being able to capitalize on financial expenses while such a situation remains. From these circumstances information will be given in the memory.

4. Venal value.

The value of a good is the price that is presumed to be willing to pay an eventual acquirer taking into account the state and the place in which it is said well. The venal value will be appreciated according to the situation of the company and, generally, under the hypothesis of continuity of the exploitation of the good.

5. Procedure for capitalizing on financial expenses.

For the purposes of the incorporation of financial expenses as a higher value of the ongoing fixed assets or, where applicable, existing stocks whose ageing and ageing process is a long cycle without taking into account the interrupts, the following rules apply:

(a) First of all, it is understood that the specific sources of funding for each element are the first to be taken into account. For these purposes, in the case of stocks of a long production cycle, it may be considered, where appropriate, as specific sources of financing, the commercial debts corresponding to the various components of their cost of production.

The corresponding share of the amount of financial expenses incurred by the specific sources of financing shall be attributed as the higher value of the current fixed assets or the production stocks to which it has been made reference.

(b) The total amount of the company's own funds shall be allocated as financing to each of the items of the current fixed assets and the stock in the process of ageing and ageing in proportion to its own funds. Accounting value decreased in the amount of the specific financing referred to in the preceding letter.

The amount of the fixed assets and the equity financed from the previous operation will not be allocated any financial expenditure.

(c) The book value of the current fixed asset and the production stock that results once the part financed by specific sources and own funds is discounted, in accordance with points (a) and (b) above, be allocated proportionally, as part of the financing, to other non-commercial non-commercial funds, excluding in any case, the specific financing of other assets.

The amount of the current fixed assets and the stock in the process of ageing and ageing of the long cycle resulting from the application of the preceding paragraph shall be allocated to the corresponding part of the amount of expenditure (a) financial assets to be incurred during the process of the construction of the fixed assets or the production of stocks, respectively, corresponding to the debts which are financed by these elements.

(d) For the purposes of this paragraph, financial expenses, interest and fees accrued as a result of the use of foreign sources of financing for the acquisition or construction of the fixed assets or long-cycle stocks.

(e) In no case may financial expenses be capitalised which make the value of the assets higher than their market value or replacement value, as appropriate for the nature of the asset.

6. Value adjustments for tangible fixed assets.

In all cases, the written amortizations will be deducted, which will have to be established systematically according to the useful life of the goods, taking into account the depreciation normally suffered by its operation, use and enjoy, without prejudice to also consider the obsolescence that could affect them.

The necessary valuation corrections shall be made in order to attribute to each item of tangible fixed assets the lower market value corresponding to the closing of each financial year, provided that the accounting value of the fixed assets are not recoverable by generating sufficient income to cover all costs and expenses, including depreciation.

For long-term depreciation which is not considered definitive, provision must be made; this provision shall also be deducted for the purpose of establishing the assessment of the good in question; in this case the lower valuation if the causes that motivated the correction of value would have ceased to exist.

When the depreciation of the goods is irreversible and different from the systematic depreciation, the loss and the decrease in the value of the corresponding good will be directly accounted for.

3. Special rules on tangible fixed assets

In particular, the rules that are expressed with respect to the goods that are indicated in each case shall apply:

(a) Unbuilt Solares and agricultural land.-The purchase price shall include the costs of packaging such as closures, movement of land, sanitation and drainage, as well as the demolition of buildings where necessary in order to be able to carry out works of a new plant, or to permit the agricultural holding, including in the latter case the costs incurred for access and land planning, prior to planting, provided that they are closely linked to the value of the land and are not identified as a depreciable element, in which case it will be qualified as the nature of the plant; the costs of inspection, drawings and studies shall also be included where they are carried out prior to their purchase; in no case shall the value of the plantation be included, the amount of which shall be recorded as an independent asset.

The agricultural land shall not be amortisation, without prejudice to any other value adjustments that may correspond to it.

(b) Constructions: They shall form part of their purchase price or cost of production, in addition to all those facilities and elements that have a permanent nature, the fees inherent in construction and the fees Project and direction of work. The value of the land and the buildings and other buildings must be shown separately.

All installations and auxiliary elements with a permanence character will be included in this account.

(c) Soleras and criaderas: Liquids obtained from the grape or wine distillation that are definitively introduced into the boots or barrels where they generate the set of organisms ("flower" or "mother") that allow the production of wine and wine derivatives, and therefore necessary to put such assets on operating conditions. The valuation shall be made on the basis of the purchase price when the purchase price is acquired from third parties, or the cost of production, when drawn up by the undertaking, of the items necessary for its operation.

In particular, the cost of production will be composed of:

The purchase price or production cost of the must, broth or distillate that was introduced into the boot or barrel loses its nature and becomes converted by natural transformation into "flower"; for its determination it must be justify through technical studies that permit their objectification, based on the part of the broth introduced that will never be issued as a wine product for sale.

Amortization of the barrel or boot where the "flower" is generated, by the proportion that corresponds to it for the period of time necessary for its formation.

Other indirect costs that during the process of formation of the "flower" are imputable to their manufacture; such as the amortisation of the corresponding part of the building (cellar) where they remain until the formation of the "flower", handling and addition costs, etc.

In principle, it is considered that this asset is not systematically depreciated as it is regenerated by the production process itself, and therefore will not be depreciated, without prejudice to other value adjustments that may correspond.

(d) Technical installations, machinery and tools: Your assessment shall include all costs of purchase, manufacture and construction until it is put into operation.

Includes all those installations that are precise to perform the agricultural exploitation of the vineyards and farms; in particular, the reservoirs or ponds of water storage for irrigation, deposits and pipes will be included, security and fire protection facilities.

e) The tools and tools incorporated into mechanical elements shall be subject to the valuation and depreciation rules applicable to such items.

Generally, utensils and tools that are not part of a machine and whose period of use is estimated to be no more than one year must be charged as expenditure for the financial year. If the period of their use is greater than one year, it is recommended, for reasons of operational ease, the annual regularisation procedure, by means of a physical account; acquisitions shall be debited from the fixed assets account, at the end of the financial year, on the basis of the inventory taken, with a reasonable reduction by demerit.

Templates and moulds used on a permanent basis in series fabrications must be part of the fixed assets, with their depreciation calculated according to the useful life period. The moulds used for isolated fabrications must not be regarded as inventoried.

(f) Plantations and replanting: Your valuation will include the purchase price or production cost of the items needed to put on farm operating conditions a land owned by the company. The purpose of this Regulation is to include, inter alia, the strains, feet, grafts, posts and wire rod for the vine, etc., and the elements which are closely linked to the planting and which are of a permanent nature. The expenses incurred prior to the first productive harvest, i.e. since the plantation is in a position to produce income on a regular basis, will be incorporated as the largest value of the plantation, including, where appropriate, the costs (a) the financing of the financial services of the European Investment Bank;

The value of the agricultural land will not be included as the largest value of the plantation, as a separate asset.

For the "replanting" cases of an existing one, the assets that are replaced (in particular, the grubbing-up of strains), by their net book value, and will be included as the largest value of the plantation, must be unsubscribed. the purchase price or production cost of the new items. If the book value of the replaced goods cannot be identified, these transactions shall be treated as an expenditure for the year.

The depreciation of the value of the plantations and replantations will be carried out according to the useful life of the strain, which will begin to be practiced when it is in operating conditions, that is when it produces grapes for sale or wine-making and wine derivatives. If the residual value is negative, a provision for risks and expenses for the amount of the said value shall be systematically provided during the lifetime of the planting.

g) Barricas, toneles, deposits and other: Price of purchase or production cost of the containers necessary for the production of wine; the depreciation of these elements will be carried out according to their useful life.

(h) The costs incurred during the year in respect of the works and works which the undertaking carries out for itself shall be charged to the accounts corresponding to Group 6. The accounts of sub-group 22 and the end of the year, the accounts 230/237, shall be charged for the amount of such expenditure, with a subscription to the accounts of the sub-group 73.

i) The costs of renewal, extension or improvement of tangible fixed assets shall be incorporated into the Asset as the highest value of the asset as they represent an increase in their capacity, productivity or elongation of their assets. useful life and whenever it is possible to know or estimate reasonably the net book value of the items which, because they have been replaced, must be discharged from the inventory.

(j) In exceptional cases, certain tangible fixed assets may be valued for a fixed amount and value, if they meet the following conditions:

That its overall value and composition do not vary significantly, and that such global value is of secondary importance to the company.

5. Special Rules on Intangible Assets

In particular, the rules that are expressed with respect to the goods and rights that are indicated in each case shall apply:

(a) Research and development expenses: They shall be expenditure for the financial year in which they are carried out; however, at the end of the financial year, they may be activated as intangible fixed assets when they meet the following conditions:

Be specifically individualized by projects and their cost clearly established so that it can be distributed over time.

Having good reasons for the technical success and the economic-commercial profitability of the project or projects concerned.

The research and development expenditure on the asset must be amortised as soon as possible and within five years after the completion of the research or development project that has been carried out. capitalised; where there are reasonable doubts as to the technical success or the economic-commercial profitability of the project, the capitalised costs must be incurred directly at a loss.

b) Industrial property: This concept shall be accounted for by capitalised research and development expenditure when the corresponding patent or similar is obtained, including the cost of registration and formalisation of the property industrial.

(c) Trade Fund: Only the assets of the balance sheet may appear on the balance sheet when it is acquired for consideration.

Its amortisation, which must be carried out in a systematic manner, cannot be increased or exceed the period during which that fund contributes to the acquisition of income for society, with the maximum limit of twenty years.

When the amortisation exceeds five years, the appropriate justification shall be collected in the memory, indicating the amounts of the income that is expected to be generated during its amortisation period.

(d) Rights to transfer, in particular, to agricultural land or holdings: They may only be included in the asset, where their value is shown under an onerous acquisition.

Transfer rights must be amortised in a systematic manner, not exceeding the period during which the transfer fee contributes to the collection of revenue.

e) Computer programs, whether acquired from third parties or those made by the company itself, will be included in the asset, using the means of its own, and only in cases where its intended use in several exercises.

In no case can the maintenance costs of the IT application be included in the asset.

The same capitalization and amortization criteria will apply as those set for research and development expenses.

f) Replanting rights: This concept collects the amount satisfied or to be satisfied by the acquisition of the planting rights in land. It shall not be subject to systematic depreciation, without prejudice to any other value adjustments that may be appropriate.

(g) Where, by reason of the economic conditions of the lease, there is no reasonable doubt that the purchase option is to be exercised, the lessee shall record the transaction in the terms set out in the paragraph next.

The rights deriving from the leasing contracts referred to in the preceding paragraph shall be accounted for as intangible assets for the spot value of the asset, with the total debt to be reflected in the liability. the quotas plus the amount of the purchase option.

The difference between the two amounts, consisting of the financial expenses of the transaction, will be counted as expenses to be distributed in various financial years. The rights recorded as intangible assets shall be amortised, where appropriate, in the light of the useful life of the object of the contract.

When the purchase option is exercised, the value of the registered rights and their corresponding accumulated amortization will be taken down in accounts, becoming part of the value of the asset.

The expenses to be distributed in various exercises will be attributed to results according to a financial criterion.

(h) When, due to the economic conditions of a disposal, connected to the subsequent leasing of the goods in question, it is apparent that this is a method of financing, the lessee must register the operation in the terms set out in the following paragraph.

The net book value of the object of the transaction shall be reduced, simultaneously being recognised and the intangible value for the same amount. At the same time, the total debt for the shares plus the amount of the purchase option shall be recognised in the liability; the difference between the debt and the financing received in the transaction shall be counted as expenses to be distributed in several financial years.

i) Rights on investments made in agricultural land transferred to use: Collect the investments necessary to carry out agricultural production (vine), carried out by the company on land whose agricultural use has been obtained by means of a lease or similar contract covered by the Rustic Leases Act, and provided that such investments are not separable from the land. The depreciation of this asset will be carried out on the basis of the duration of the transfer contract, taking into account the period in which the transfer contract is to be maintained through successive extensions, or the useful life of the investments if it is less. For the purposes of calculating the duration of the contract, the period within which the contract of transfer is to be maintained shall be estimated through successive extensions.

In the case of carryovers or reductions on the original schedule, the depreciation corresponding to the year in which it is produced and the following shall be made on the basis of the new duration, without adjusting the amortisation accumulated.

If there were doubts about the execution at the end of the contract, which should be clearly specified in the memory, a provision should be made for risks and expenses for the estimated amount of the net book value of non-recoverable investments, provided that the initial estimate of the contract to which the contract has been made shall not be executed. The provision for such a provision shall be made in a systematic manner during the period under which circumstances are known to provide that the time limit laid down in the contract shall not be met. In the estimate of the amount to be provided, account shall be taken, where appropriate, of any repairs to which the undertaking may be required to carry out the contract.

13.

1. Valuation.

Goods included in stocks should be valued at the purchase price or the cost of production.

2. Purchase price.

The purchase price shall include the invoice entry plus any additional costs incurred until the goods are in storage, such as transport, customs, insurance, etc. The amount of indirect taxes levied on the acquisition of stocks shall be included in the purchase price only if that amount is not directly recoverable from the public finances.

3. Production cost.

The cost of production of the goods manufactured by the company itself will be determined by adding to the purchase price of the raw materials and other consumable materials, the costs directly attributable to the product. The proportion which reasonably corresponds to the costs indirectly attributable to the products in question must also be added to the extent that these costs correspond to the manufacturing period.

The inclusion of financial expenses in the cost of production of long-cycle stocks is permitted in the terms and conditions set out in the Valuation Standard 2.a

4. Value adjustments.

When the market value of a good or any other value that corresponds to it is lower than its purchase price or production cost, it shall carry out valuation corrections, giving the relevant provision, where the depreciation is reversible. If the depreciation is irreversible, this shall be taken into account when assessing stocks. For this purpose market value shall be understood as:

(a) For raw materials, their replacement price or net carrying value if they were less.

(b) For commercial stocks and finished products, their carrying value shall be deducted from the corresponding marketing costs.

(c) For the products in progress, the value of carrying out the corresponding finished products, deducted all the manufacturing costs outstanding and the marketing costs.

However, the goods which have been the subject of a contract for sale on a firm whose fulfilment must subsequently take place shall not be the subject of the assessment referred to in the preceding paragraph, provided that the the sale price stipulated in that contract covers, at least, the purchase price or the cost of production of such goods, plus all the costs to be incurred for the performance of the contract.

In the case of goods whose purchase price or production cost is not individually identifiable, the average price or weighted average cost method shall be adopted in general.

The FIFO, LIFO or other analogue methods are acceptable and can be adopted if the company considers them to be more convenient for their management.

In exceptional cases, certain raw materials and consumables may be valued for a fixed amount and value, when they meet the following conditions:

(a) That they are constantly renewed, (b) that their overall value and composition do not vary significantly, and (c) that such global value is of secondary importance to the undertaking.

The application of this system will be specified in the memory, based on its application and the amount that this quantity and fixed value means.

5. Special rules for stocks.

In particular, the following rules shall apply, with respect to the cost of production of the grapes, wine or wine derivatives:

The grapes purchased from suppliers that are incorporated in the winemaking process, will be valued for the purchase price, which must be added all the necessary expenses until their incorporation into the winery.

In the case that the grapes used in the winemaking process are of their own production, they must be valued for the cost of production, including the harvest or harvest and the transport to the winery. For these purposes, the following shall be taken into account:

If losses arise from the characteristics of the agricultural holding in the production of the grapes, that is, those that are usually generated in the production of the grapes and are different from those described as exceptional in the following point, they shall form part of the cost of production of the grapes obtained in a homogeneous unit of production. For this purpose, a homogeneous production unit is defined as a plot or set of plots in which grapes are produced with matching characteristics, either by their final use in a given wine product or because the conditions of their They allow us to consider it as a single productive element.

In the case of climatic circumstances or uncontrolable and extraordinary health conditions, they shall, in any event, be regarded as a loss of the financial year in which they are produced, without prejudice to the the compensation received from insurance entities in accordance with the provisions of the Valuation Standard 23.a

In any case for the valuation of the grapes incorporated in the wine production process, the weighted average cost will be treated.

The wine valuation includes the purchase price or production cost of the grapes and other raw materials incorporated into the production process, as well as the directly imputable costs (after-loading, pressing, fermentation, etc.). neglect, mixing, raising, bottling, cleaning, etc.) plus the reasonable part of the indirect (maintenance, depreciation of the boots or barrels, etc.) that are imputed to the final product obtained.

In no case shall the general administrative or management costs, as well as the marketing costs of the company or those corresponding to the idle productive capacity, be incorporated in the period. For the particular case of the production of the grape, if it is a productive recovery of agricultural land its treatment is regulated in the Standard of Valuation 20.a

14. Currency Exchange Differences Other than the Euro

1. Tangible and intangible fixed assets.

As a general rule, your conversion into euro shall be made by applying the exchange rate in force at the date on which the goods were incorporated into the assets at the purchase price or production cost.

Depreciation and depreciation provisions should be calculated, as a general rule, on the amount resulting from the application of the preceding paragraph.

2. Stocks.

Your conversion into euro will be made by applying the exchange rate prevailing at the date of each acquisition to the purchase price or production cost, and this valuation will be used if the method is applied specific identification for the valuation of stocks, as if the weighted average price methods, FIFO, LIFO or other analogues are applied.

Provision should be made when the valuation thus obtained exceeds the price that stocks have on the market at the date of the closing of the accounts. If that market price is fixed in currency other than the euro, the exchange rate in force at that date shall be applied for conversion into euro.

3. Variable income values.

Your conversion into euro shall be made by applying to the acquisition price the exchange rate in force on the date on which those securities were incorporated into the equity. The valuation thus obtained may not exceed the value of the exchange rate in force at the closing date, at the value of the securities on the market.

4. Treasury.

The conversion into euro of the currency other than this and other liquid assets held by the company shall be made by applying the exchange rate in force at the date of incorporation into the equity. At the end of the financial year they shall appear in the balance sheet at the exchange rate in force at that time.

If, as a result of this assessment, a negative or positive change difference is found, it will be charged or paid, respectively to the result of the exercise.

5. Fixed income, credit and debt securities.

The euro conversion of fixed income securities as well as of credits and debits in currency other than the euro shall be made by applying the exchange rate in force at the date of the transaction. At the end of the financial year, the exchange rate shall be valued at that time. In the case of change coverage (change insurance or similar coverage), only the portion of the risk not covered shall be considered.

The positive or negative exchange differences of each value, debit or credit shall be classified according to the maturity and the currency. For these purposes, those currencies which, although different, will be officially converted into the euro will be grouped together.

(a) Unrealized positive differences occurring in each group, as a general rule, will not be integrated into the results and will be collected in the balance sheet liability as "Income to be distributed in various exercises".

b) On the contrary, the negative differences that occur in each group, as a general rule, will be attributed to results.

However, unrealised positive differences may be achieved when for each homogeneous group results have been attributed to results in previous years or in the exercise itself negative differences of change, and by the amount that would result from undermining those negative differences due to the positive differences recognised in the results of previous years.

Positive differences deferred in previous years will be attributed to results in the exercise that sell or cancel in advance the corresponding fixed income, credit and debt securities or to the extent that They shall recognise differences in negative change equally or higher in each homogeneous group.

6. Special rules.

(a) By application of the principle of the purchase price, differences in currency exchange other than the euro should not be considered as corrections to the purchase price or the cost of production of fixed assets. However, where differences in exchange occur in debt in currency other than the euro in a period of more than one year and intended for the specific financing of the fixed assets, it may be possible to incorporate the potential loss or gain as the largest or lower cost of the corresponding assets, provided that each and every one of the following conditions is met:

The debt-generating debt of the differences has been used unequivocally to acquire a specific and perfectly identifiable fixed asset; whereas the period of installation of such fixed assets is over 12 months; That the change in the exchange rate occurs before the fixed asset is in operating conditions; that the amount resulting from the incorporation at the cost does not in any case exceed the market value or the replacement value of the fixed assets.

Capitalised amounts in accordance with this option will be considered to be one more element of the cost of tangible fixed assets and will therefore be subject to amortization and provision, if any.

(b) By application of the principle of the purchase price, differences in currency exchange other than the euro should not be considered as corrections to the purchase price or the cost of production of the stocks. However, where differences in exchange occur in debt in currency other than the euro in a period exceeding one year and intended for the specific financing of long-cycle production stocks, it may be possible to incorporate the loss or potential gain as a higher or lower cost of the corresponding assets, provided that each and every one of the following conditions is met:

That the debt-generating debt of the differences has been used unequivocally for the production of specific and perfectly identifiable stocks; that the period of production of such stocks is over twelve months; That the change in the exchange rate occurs before stocks are in delivery conditions.

That the amount resulting from the addition to the cost does not in any case exceed the market value or replenishment of the stock.

Capitalised amounts in accordance with this option will be considered to be an item more than the cost of the stock and will therefore be subject to provision, if any.

17. th Shopping and other expenses

In accounting for the purchase of commercial stocks and other goods to resell, the following rules will be taken into account:

(a) The expenditure on purchases, including transport and taxes on acquisitions, excluding the deductible input VAT, shall be charged to the respective account of the sub-group 60.

(b) Discounts and similar items included in invoices that do not comply with the payment will be considered as the least amount of the purchase.

(c) The discounts and the like that are granted to the company for the early payment, including or not on the invoice, will be considered as financial income, accounting for 765.

d) Discounts and similar ones that are based on having reached a certain order volume will be counted in the account 609.

e) Discounts and similar post-receipt of the invoice originating from quality defects, non-compliance with delivery times or other similar causes shall be accounted for in account 608.

(f) The accounting of the containers charged by the suppliers, with the option of returning them, is set out in the account 406.

In the accounting of expenses for services, rules (a) to (e) will apply.

In the accounting of losses by disposal or loss in the inventory of fixed assets or temporary financial investments, the expenses inherent in the operation shall be included as the largest amount of the loss, in its in the case of insurance companies, in the amount of the insurance companies ' compensation, under the terms set out in the relevant valuation standard.

19. th Dotations to the provision for obligations to the staff

In the accounting of the allocations to the provision for obligations with the staff will include the expenses accrued by the estimates made according to actuarial calculations, with the aim to nurture the internal funds necessary to cover legal or contractual obligations, without prejudice to the imputation to the provision of the financial returns generated in their favour.

20. Provision for land productive recovery work

The provision for extraordinary work of productive recovery of the land as a result of its use during a series of economic exercises will collect in each of these exercises the proportional part of the estimate of the costs incurred during the period of time necessary to recover or repair the initial productivity of the agricultural land on which the vine is grown; for this purpose, among others, the fertilizer, fertilisation, aerated land, etc.

21. Capital Grants and Other

The assets received in the grants, donations and legacies shall be valued for their value, with the limit of the market value, when they are non-reintegrable.

For these purposes, grants, donations and legacies in which the conditions laid down for granting or, where appropriate, no reasonable doubt about their future have already been met are considered to be non-reintegrable. compliance.

Grants, donations and legacies will be counted as "income to be distributed in various exercises" and will be attributed to results as extraordinary revenues depending on their purpose; to do this they will be taken into account following rules:

(a) Assets of tangible or intangible fixed assets; the results of the financial year shall be attributed in proportion to the depreciation experienced during the period by the said items. In the case of non-depreciable assets, the result of the financial year in which the disposal or disposal of the assets is carried out shall be charged.

(b) Stocks not obtained as a result of commercial rappels; the results of the financial year in which the disposal, depreciation or inventory of the same are produced shall be charged.

(c) Condonation, assumption or payment of debts; the results of the financial year in which that circumstance occurs.

(d) Interest in debt; the results of the financial year in which the interest on which a grant, donation or legacy is paid shall be charged.

(e) Financial assets and marketable securities; shall be charged to the result of the financial year in which the disposal, depreciation or inventory of such assets takes place.

f) Treasury; results will be charged as follows:

If they are granted without allocation to a particular purpose, they will be recognised as income from the year in which they are granted.

If they are awarded for a particular purpose, they will be charged to results in accordance with the above rules, depending on the purpose of the grant, donation or legacy.

If a subsidy is granted to finance expenditure related to action plans, its allocation to results shall be made at the time the corresponding expenditure is due. If these operations produce a higher value of the assets, the rules set out above for the allocation of the grant to the results shall apply.

Depreciations of all kinds that may affect the assets, will produce the imputation to the results of the corresponding grant in proportion to the same, considering in any case of irreversible nature in the part where these items have been financed free of charge.

If the grant, grant or legacy was granted in order to ensure minimum profitability or to compensate for "deficits" of exploitation, it would be treated as operating income at the time of its concession. However, in the case of compensation for deficits, if they are granted by members or companies of the group, multigroup or associated, they will be treated contably as contributions from partners for loss compensation, without prejudice to the fact that grants are awarded to promote specific activities or the establishment of political prices, in order to compensate for the lower income that is produced, and provided that similar schemes or schemes are implemented in which the amounts and causes of the granting of the amounts are specified, shall be treated as operating income when considering that they ensure a minimum return.

22. Untemporary Unions of Companies and Communities of Goods

1. As far as possible valuation criteria are concerned, the temporary unions will have to follow the criteria used by the company which has a higher share in the temporary union of companies.

2. For the integration and accounting of transactions carried out by the temporary unions of undertakings in the companies that constitute them, the following criterion shall be followed:

(a) Balance sheet of the temporary union. -Each company participating in the temporary union shall, on its balance sheet, integrate the proportional share of the balances of the balance sheet items of the temporary union corresponding to its balance sheet. percentage of participation.

This inclusion will take place after the necessary temporary homogenization, taking into account the closing date and the economic performance of the company, the value homogenization in the case of the temporary union used valuative criteria other than those used by the company and the reconciliations and reclassifications of necessary items.

The unrealized results that could exist for transactions between the company and the temporary union should be eliminated, in proportion to the participation that corresponds to that one. Reciprocal assets and liabilities shall also be disposed of.

(b) A profit and loss account of the temporary union. -Each company participating in the temporary union shall integrate into its profit and loss account the proportional share of the items in the profit and loss account of the temporary union. temporary union corresponding to its share of participation, once the homogenizations and eliminations of results referred to in point (a) above have been carried out. Reciprocal revenue and expenditure shall also be disposed of.

3. The criteria set out in the preceding paragraphs for the temporary unions of undertakings shall apply, where appropriate, to the communities of property.

23. St Indemnities by Insurance Entities

An agreed amount (recognised or cleared by the insurance company) or estimated compensation to be received as a result of a situation or a disaster which was covered by an insurance contract; the the accounting record of the estimated amount shall be limited to the amount of the loss, if any, produced. In particular, the following rules will be observed:

In the event that the claim affects the concepts of expenses that are qualified as an operating result of the company in accordance with the Rules of this Adaptation, the compensation shall be deemed to be an income of the company. nature.

If the covered loss is derived from the exchange rate risk in currency other than the euro, the amount of the allowance shall be considered as a financial income.

In another case, the amount of the compensation will be recorded as an extraordinary income, and if the claim affects a property or right of the immobilized, it will result in the extraordinary loss produced. For these purposes, if a claim is qualified as an extraordinary expense in accordance with the provisions of these Adaptation Rules, in particular in the account 678 included in its third party, the allowance shall also be qualified as an income extraordinary.

In either case, in each financial year until the final settlement of the compensation, an estimate must be made on the basis of the new circumstances. To the extent that there is a right to interest on late payment of the compensation, the amount of the compensation must be estimated and be reflected in each financial year in accordance with a financial criterion.

24. Changes in accounting criteria and estimates

By application of the principle of uniformity, the criteria for accounting for one year to another shall not be altered, except in exceptional cases which shall be indicated and justified in memory and always within the criteria authorized by this text. In these cases, the change shall be deemed to occur at the beginning of the financial year and shall include as extraordinary results in the profit and loss account the cumulative effect of the changes in assets and liabilities, calculated on that date, which are a consequence of the change of criteria.

Changes in those items that require for their assessment to make estimates and which are a consequence of obtaining additional information, greater experience or knowledge of new facts, should not be considered for the purposes referred to in the preceding paragraph as changes in accounting criteria.

25. Generally accepted accounting principles and rules

Generally accepted accounting principles and rules will be considered in:

(a) The Trade Code and the remaining commercial law.

b) The General Accounting Plan and its sectoral adaptations.

c) the implementing rules which, in accounting matters, should be established by the Institute of Accounts and Audit of Accounts, and (d) other legislation which is specifically applicable.