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Order Of 23 June 1995 That Approve The Rules Of Adaptation Of The Chart Of Accounts To The Sports Corporations.

Original Language Title: Orden de 23 de junio de 1995 por la que se aprueban las normas de adaptación del Plan General de Contabilidad a las sociedades anónimas deportivas.

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TEXT

Article 8 of Law 19/1989, of 25 July, of partial reform and adaptation of commercial law to the Directives of the European Economic Community in the field of companies, and the second provision of the Royal Legislative Decree 1564/1989 of 22 December 1989 approving the recast of the Law on Companies, authorizing the Minister of Economy and Finance to propose, on a proposal from the Accounting and Audit Institute of Accounts and by Order, approve the sectoral adaptations of the General Accounting Plan, when nature 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.

To these effects, a working group was established in the Accounting and Audit Institute of Accounts to adapt the General Accounting Plan to the specific characteristics and nature of the operations and activities of the these entities.

Taking into account that this adaptation is directed not only to the limited sports companies, but to other entities such as clubs or sports associations that do not have a commercial form, the enforcement of the corresponding rules of adaptation for the latter entities shall be imposed by another provision which, where appropriate, is approved by the competent authority.

The detailed rules for adaptation are structured in the same way as the General Accounting Plan in five parts, which are preceded by an introduction explaining the main features of the activity of the entities to which they are addressed, as well as the modifications 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 attempting to exhaust all the possibilities that may occur in reality, specific accounts have been enabled for these entities and have been eliminated, in some cases, accounts provided for in the General Accounting Plan, without prejudice to the possibility that they may be used if certain transactions so require. However, from the perspective of 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, by virtue of the definitions that are incorporated, adding the specific concepts of the sports activity performed by these entities. This third party shall not be compulsory, except where it refers to or contains criteria for assessment or serves for its interpretation, and without prejudice to the explanatory nature of the various items in the annual accounts.

The fourth part, annual accounts, of mandatory observance, includes some "Standards for the elaboration of annual accounts", which collect the requirements for formulating the annual accounts models in their normal or abbreviated system, as well as as definitions, clarifications and rules on the material content and how to complete these models. Also incorporated in this part are the models of balance sheet, profit and loss account and memory, both normal and short.

Also, the fourth part of these adaptation rules includes the amendments made to the recast text of the Companies Act by the second provision of Law 2/1995 of 23 March, of Companies of Limited Liability. These modifications have reflected in the present adaptation rules, although they are of general application and can be concretized basically in a new wording of Articles 181 and 190 extending the possibility of using models (a) the annual accounts abbreviated and the inclusion in the second indication of Article 200 of an extension of the information contained in the report.

The fifth part, valuation rules, has been the subject of important modifications, since it incorporates the mandatory criteria for valuation and accounting of the operations and economic events carried out by these entities.

In the text of the rules for the adaptation of the General Accounting Plan to public limited liability companies, which is inserted below, only those parts that have been modified with respect to the General Plan have been included, because the remainder is fully in line with the latter.

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.

For all the above, in order to allow the aforementioned entities to have a text technically prepared to provide, in a standardised manner, the corresponding accounting information, in agreement with the State Council and Proposal of the Accounting and Audit Institute of Accounts,

This Ministry has agreed:

First. -Approve the rules of adaptation of the General Plan of Accounting to the public limited companies, the text of which is inserted below.

Second. -1. This text will be mandatory for all public limited liability companies.

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 under the of the fifth final provision of the said standard.

Final disposition.

This rule shall enter into force on the day following that of its publication in the "Official Gazette of the State". The rules for the adaptation of the General Accounting Plan shall be binding, in accordance with the terms laid down in the second paragraph of this Order, for the financial years after 30 June 1995.

What I communicate to VV. EE. and VV. II. for their knowledge and effects.

Madrid, June 23, 1995.

SOLBES MIRA

Excms. and Ilmos. Mr Secretary of State for Economic Affairs, Secretary of State for Finance, Undersecretary for Economic Affairs and Finance and President of the Accounting and Audit Office.

RULES FOR ADAPTING THE GENERAL ACCOUNTING PLAN TO PUBLIC LIMITED LIABILITY COMPANIES

INTRODUCTION

I

1. For the purposes of drawing up the rules for adapting the General Accounting Plan to the special characteristics of the public limited liability companies, a working group consisting of experts from the High Council for Sport, of the Professional leagues, the Audit of Accounts, the University, as well as the Accounting and Audit Institute of Accounts.

In the course of the meetings of this working group the issues and peculiarities that affect these entities have been studied in depth in order to obtain a text that is technically adapted to be counted. the operations performed by these entities.

These adaptation rules provide for the transactions carried out by these entities with the various economic operators, providing, at the end of the financial year, the appropriate calculation process, the external information they contain. the annual accounts.

It is not necessary to say that these standards of adaptation, like all those formulated by this Institute, are open to accept all the modifications that proceed depending on the evolution of these entities, of the accounting progress and suggestions from professionals and experts supported by comments when applying the model.

These rules are based on the principles, criteria, structure and systematic of the General Accounting Plan, approved by Royal Decree 1643/1990 of 20 December, which constitutes development in the field of accounting for commercial law.

2. These adaptation rules are intended in principle for public limited companies, as well as for all other entities such as sports clubs or associations, whether they participate in professional sports competitions or not. professional.

However, clubs, associations and any other type of sports entity that does not have a commercial form, in principle, will not be obliged to apply the General Accounting Plan or to the rules that we are dealing with. Consequently, the obligation for such non-commercial entities shall be imposed, where appropriate, by other administrative provisions emanating from the competent authority.

3. The adaptation of the General Accounting Plan to public limited liability companies has been imposed by the special characteristics offered by these entities in relation to other sectors of activity.

4. The working group that has studied the adaptation of the General Accounting Plan was aware, from the very beginning, that the peculiarities of these entities require a careful study to be able to collect the operations and economic facts of these entities that are not specifically included in the General Accounting Plan.

II

5. The rules for adapting the General Accounting Plan to public limited liability companies have the same structure as that. They contain five parts:

Accounting principles.

Chart of Accounts.

Definitions and Accounting Relationships.

Annual accounts.

Valuation rules.

6. 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 Trade Code, which is applicable in character (a) a general rule of all types of entity that carries out an economic activity and claims that the annual accounts express the true and fair view of the assets, the financial situation and the results of the institution.

7. The second part, table of accounts, contains the accounts of the General Accounting Plan which will normally be used by public limited liability companies, without prejudice to these entities, and in cases where certain transactions are require, be able to use the other accounts included in that text, and that it has in principle been considered appropriate to eliminate as a rule, for example: Capital, research and development expenditure or the accounts of the sub-group. 71, "Stock Variation".

Also, in some cases, account names have been changed and the necessary breakdowns have been made; for example, the term company has been replaced by the entity, understanding it in a broad sense, for example. be able to collect both the companies themselves and the associations, clubs or other entities, taking into account that this plan is directed not only to the limited companies but to other sports entities that do not have this form mercantile.

On the other hand, and since this Plan is addressed, as has already been said, not only to the limited companies, but, when it is established, to other entities that do not have that commercial form, the table of accounts also collects certain accounts of this type of entity, such as "Social Fund" or "Partner of clubs, part not paid up", which shall not apply to the limited liability companies. All this without prejudice to these entities being able to open all the necessary accounts to collect their specific operations and circumstances.

8. In the third part, definitions and accounting relationships, in order to adapt to the peculiar characteristics of public limited liability companies, it has been necessary, in addition to the second part, to introduce certain changes in the numbering and in the definition of some accounts. However, efforts have been made to respect as far as possible the structure of the General Accounting Plan, including by maintaining some accounts that collect situations that may not have too much significance in these entities.

In Group 1, account 133, 'deferred income by transfer of rights', has been introduced for these entities to reflect the income derived from certain exclusive contracts which provide for the transfer of certain rights to players.

This group also includes, as a novelty, the provision of a provision that covers the economic risks that may arise due to exceptional circumstances, both in terms of stadiums or other sports facilities, as to the sports life of the players. Such provisions, given the experience gained by each institution, shall reasonably cover such risks at the end of each financial year.

In the sub-group of loans for loans received, specific three-figure accounts have been set up to collect the contracts with sports entities, which are understood by the sports associations defined in Article 12 of the Law 10/1990 of 15 October of the Sport.

In this group, just like throughout the Plan, we have chosen to include some accounts such as the 101 "Social Fund", or the 196 "Club Partners", an unpaid part which, although they may not be applied by the public limited companies This adaptation is also directed to sport, if it will be for other types of sports entities without commercial form, to which, as has been indicated, this adaptation is also directed.

Group 2 highlights the following aspects:

A much discussed topic in the course of the work meetings was that of the accounting reflection of the expenses and investments that these entities carry out on land or facilities that are not owned by them; the decision was made to make the next distinction:

When the land is ceded to the entity in precarious.

When there is some type of contractual link in the transfer of such land or facilities.

In the first case, all expenses incurred for the construction of facilities of the entity on these grounds shall be accounted for as establishment expenses, amortised on the basis of the life of the investment and, in any case, within a period not exceeding five years.

Investments made in land on which there is a type of contract will be reflected as a intangible fixed asset, depreciating according to the life of the contract or the duration of the contract. less.

Particular importance has for the sports anonymous companies the accounting treatment of the acquisition rights that are satisfied to obtain the services of certain players.

The established criterion has been to consider the acquisition costs of players as an intangible asset, collected in account 215, "Player acquisition rights", upon the occurrence of such expenses under a transaction onerous and only for the amount of the "transfer". This account shall be amortised according to the duration of the contract.

In the subgroup of intangible fixed assets, account 217 has also been created to collect the rights to participate in certain sports competitions, as well as the expenses that the entity may incur for the obtaining the right to organise certain sporting events; in both cases, and given the characteristics of these rights, it is recommended that they be amortised as soon as possible.

In terms of material immobilizations, the classification of the General Accounting Plan has been maintained, introducing only the account 224, "Estadios and pavilions marinas", in which it is worth mentioning the inclusion of the value of the land in which these buildings are located.

As far as financial investments are concerned, it should be noted only that it has been decided to include, although in some cases it will not be necessary, all accounts which collect the relations with entities of the group, multigroup and associated. Specific accounts have also been created to collect the relationships that these entities may have with other sports entities.

Another novelty is the creation in subgroup 27, "Expenses to distribute in various exercises", of an account that collects the amount satisfied to a certain player for obtaining their image rights, when it is for a period more than one year. Also included is an account that is intended for the expenses per franchise contract.

Group 3 is hardly important because it is a group of entities in the services sector. The development of the aforementioned group has been established only to enable the inventory of certain goods acquired by these entities and intended, in general, for their own use and consumption.

In Group 4, a classification has been made of creditors and debtors other than that of the General Accounting Plan. The group becomes known as "Creditors and debtors of the activity". For these purposes, the term 'activity' seems to be more appropriate for the purpose of collecting the operations resulting from the economic cycle of the entities to which this adjustment is directed, with the collection of both the related operations directly In particular, all necessary for the development of the functions conferred on them by Law 10/1990, of 15 October, of the Sport, as other activities not strictly sports but nevertheless are carried out by the entities.

The subgroup 40, which has not undergone changes with respect to the General Accounting Plan, is used to collect operations with the suppliers themselves. Only the "Envases and Packaging to Return to Suppliers" account has been deleted because it has no meaning in this type of entity.

In sub-groups 41 and 44, the specific accounts collecting debts and commercial credits with certain sports entities such as federations, professional leagues, etc., have been set up for the provision of own services. sports activity.

Subgroup 43 has been reserved for collecting the debts of subscribers or partners (in the event that they are not anonymous companies), which constitute the authentic "clients" in the development of the sports activity of these entities. The concept of a partner in this case should be understood to apply to clubs or other sports entities other than public limited companies.

Group 5 does not make any major changes to the General Accounting Plan; parallel development has been carried out for debt and long-term credit accounts, introducing specific accounts for the collection of accounts. relationships with sports entities.

In Group 6 the expenses of these entities classified by nature are collected, following the line established in the General Accounting Plan. However, and in compliance with the provisions of Royal Decree 1084/1991 of 5 July on Public Limited Companies, the digits necessary to separate these expenses may be opened in the various sections that may have entities and even the different sports competitions in which they participate.

In addition to this general comment, within Group 6, the following aspects should be highlighted:

Group 60 has been maintained for the supplies that these entities may have, even though they will normally be of little importance.

As for subgroup 64, "Personnel expenses," only point out the distinction between "sports template" and "non-sports staff" salaries and salaries.

In subgroup 65, "Other Management Expenses" is where the most significant modifications occur. This subgroup has been used to collect all the usual expenses of these entities, so they will have great importance in the results of the entity, against the residual character that the subgroup has in the General Plan of Accounting, where 'expenditure not included in other sub-groups' is included. In this respect, it is worth mentioning: the rights of arbitration, displacements, expenses for the acquisition of players when it is for a period of less than the year, the subsidies to other sports entities and the sports sanctions that are not considered extraordinary.

A widely debated topic in the working group has been the expenses that these entities make for the training of their players; two possible options were considered:

According to the first such expenses, they must be regarded as an immobilized of immaterial character.

According to the second option, the expenses indicated must not be considered fixed, since these are expenses themselves that will have to be included as such in the corresponding exercise.

After careful consideration of these options, the working group has been inclined to adopt the second, to understand that it is the one that best picks up the principle of prudence and given the preferential nature of this principle. on the other. On the same line as the above, it is also necessary to consider the difficulties involved in the quantification of the costs which are examined for the purposes of their inclusion in the balance sheet as intangible fixed assets, because their quantification it would, in many cases, lead to purely subjective assessments.

Consequently, the expenses incurred by these entities for the training of their players should not be included in the asset, and should be considered as expenditure in the corresponding financial year.

In group 7, as well as the comments on expenses, the necessary digits must be opened to separate the income in the different sections that these entities may have, in compliance with what is legally established.

Group 7 includes important modifications. The subgroup 70 is of particular interest, in which the income obtained by the entity is accounted for as a result of its main activity, which is the participation and organization, if any, in sports competitions; among others include league, cup, retransmission rights, advertising revenue, etc.

subgroup 71 has been reserved for the income of the entity, as a consequence of its principal activity, but in terms of social contributions, or for meat of partners in the case of entities other than public limited companies, or not for the fertilizers to access the sporting events. This subgroup, together with the previous one, constitutes, for these entities, the quantification of the turnover.

In subgroup 75, it is only worth noting the inclusion of the account 750, "Sale of stocks", to understand that for these entities income from this concept is of secondary importance since it does not constitute its activity principal.

9. The fourth part, annual accounts, has been the subject of some amendments.

As for the annual account structure to be presented by these entities, two models, one normal and one abbreviated, have been established, as in the General Accounting Plan. The first applies both to public limited liability companies and, if so established, to other sports entities which participate in professional competitions and which comply with the limits laid down in the rules in force; They shall, as a minimum, make the abbreviated annual accounts.

It should be noted that the fourth part of these adaptation rules directly reflects the amendments made to the recast text of the Companies Act by the second provision of Law 2/1995, of 23 March, of Limited Liability Societies. These modifications, although they reflect these standards of adaptation, are of general application.

The reflection of these changes involves, on the one hand, the extension of the limits laid down in the fourth rule of the rules for the drawing up of annual accounts for the use of short and short balance sheet and memory Short-term profit and loss account and, on the other hand, adds information to the contents of paragraphs 8.2 of normal memory and 8 of abbreviated memory.

In the rules for drawing up the annual accounts, and more specifically in the balance sheet, new items have been opened for the collection of credits and debits with sporting entities which must be included separately in the assets as in the liability.

The following modifications have been made to memory:

Information on compliance with the provisions of Law 10/1990 of 15 October of the Sport, and in particular Royal Decree 1084/1991 of 5 July on public limited liability companies in respect of the funds, is requested. In the case of the Commission, the Commission has not yet taken the necessary action.

The salaries and other personnel costs will be reported by distinguishing between the sports staff and the non-sports staff.

The information required for revenue is extended, with the information required to be reported by competitions; information is also requested on those contracts that provide financing but involve commitments future on revenue.

For its part, the financing table has not undergone any modification than the express inclusion of specific items that collect the flows derived from operations and relationships with sports entities.

A significant novelty in memory is point 21 in which an analytical profit and loss account model is requested but separated by sports sections. This will provide information on all the expenses and revenues inherent in each of the sports sections. This is in line with the provisions set out above.

10. The fifth part, the valuation rules, contains the accounting criteria and the rules applicable to the transactions carried out by the institutions; although these rules have been adjusted as far as possible to those of the General Accounting Plan, It was necessary to include some modifications. In this sense, it should be noted as a novelty, in addition to the general criterion, the inclusion of the value of the land in the assessment of a departure from the immobilized material, such as "Estadios and pavilions".

Another topic under discussion in the working group was the assessment of sports trophies, given the diversity of treatments that can be applied. In the end, a restrictive criterion has been chosen, placing as a condition to be counted that the venal value is significant and that it is also the result of an expert appraisal.

Finally, as indicated in the accounts created specifically in this adaptation, the value criteria corresponding to the heritage items to which reference has been made are included. In particular, criteria are given for the treatment of the rights to acquire players, rights of participation and organization of sports competitions, investments in land transferred in use, as well as the franchise contracts and the income of these entities.

III

11. A subject that deserves special attention and which does not affect a particular part of the text but its entire content is the definition that is made of the concept of sports entity. We have chosen to define this concept in the terms established in the Law of Sport; thus, all sports associations such as clubs, club groups, sports promotion entities, leagues and sports associations will be understood by sports entities. professionals and federations.

In the event that a sports entity, having regard to the previous definition, forms part of a group or has some kind of linkage to those established in the General Accounting Plan as an associated or multigroup entity, the concept of group on the sports entity shall always prevail, for the purposes of classification in the annual accounts models.

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

SECOND PART

Chart of Accounts

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

For these purposes, these accounts appear in the corresponding subgroup, with the rest of the accounts that complete the same.

In this adaptation, those subgroups and accounts of the General Accounting Plan in which the term "company" appears has been replaced by "entity", but this substitution has not been considered significant enough to introduce it as an amendment to the General Accounting Plan; therefore the sub-groups and accounts which have suffered only this variation are not included in this text.

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.

13. Income to be distributed in various exercises.

130. Official capital grants *.

1300. Capital grants from the Higher Sports Council *.

1301. Capital grants from Autonomous Communities *.

1309. Capital grants from other public entities *.

131. Capital grants of sports entities *.

1310. Capital grants of federations *.

1311. National Professional League capital grants *.

132. Capital grants *.

133. Deferred revenue by cession of rights *.

135. Deferred interest income *.

136. Positive differences in foreign currency.

14. Provisions for risks and expenses.

140. Provision for pensions and similar obligations *.

141. Provision for taxes.

142. Provision for responsibilities.

143. Provision for major repairs.

144. Reversal fund.

145. Provision for risks *.

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 transformed into grants *.

173. Long-term fixed asset suppliers *.

174. Effects to be paid in the long term.

175. Long-term debt with sports entities *.

1750. Federations loans *.

1751. Professional National League loans *.

1759. Loans from other sports entities *.

176. Sports entities, effects to pay long term *.

19. Transitional financing situations.

190. Shareholders for unrequired disbursements.

191. Shareholders by non-required disbursements, entities of the group.

192. Shareholders for unrequired disbursements, associated entities.

193. Shareholders for outstanding non-cash contributions.

194. Shareholders for outstanding non-cash contributions, entities of the group.

195. Shareholders for outstanding non-cash contributions, associated entities.

196. Club partners, part not disbursed *.

198. Own actions in special situations.

199. Own shares for capital reduction.

GROUP 2

Quiesced

20. Establishment costs.

200. Expenditure of the constitution.

201. Cost of first establishment.

202. Capital increase expenditure.

203. Costs of installation and conditioning of land transferred in precarious conditions.

21. Intangible fixed assets.

210. Administrative concessions *.

211. Industrial property *.

212. Goodwill *.

213. Local transfer rights *.

214. Computer applications *.

215. Player acquisition rights *.

216. Property rights under the financial leasing scheme *.

2160. Rights to sporting goods under the financial leasing scheme *.

2161. Duties on other goods under the financial leasing scheme *.

217. Rights to participate in competitions and organisation of sporting events *.

2170. Rights to participate in competitions *.

2171. Rights of organisation of sporting events *.

218. Rights to investments made in land or facilities provided *.

219. Advances for intangible fixed assets.

2190. Advances for intangible fixed assets *.

2191. Advances for other intangible fixed assets *.

22. Tangible fixed assets.

220. Land and natural goods *.

221. Constructs *.

2210. Social Local *.

2211. Offices *.

2219. Other constructs *.

222. Technical installations *.

2220. Electrical installations *.

2221. Address *.

2222. Electronic bookmark *.

2223. Tornos *.

223. Machinery *.

224. Sports stadiums and pavilions *.

2240. Stadiums *.

2241. Sports pavilions *.

2249. Other sports constructions *.

225. Other facilities.

226. Furniture and sports equipment *.

2260. Furniture *.

2261. Sports material *.

2262. Trophies *.

227. Equipment for information processes.

228. Transport elements.

229. Other tangible fixed assets.

2290. Medical equipment, appliances and medical instruments *.

23. Tangible assets in progress.

230. Adaptation of land and natural goods.

231. Constructions in progress.

232. Technical installations in assembly.

233. Machinery in assembly.

234. Sports stadiums and pavilions in progress *.

237. Equipment for mounting information processes.

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. Permanent financial investments in sports entities *.

2503. Other 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.

255. Long-term credit to sports entities *.

256. Long-term interest in fixed income securities.

257. Long-term interest on loans.

2570. Long-term interest in credits to sports entities *.

2571. Long-term interests of other credits *.

258. Long-term impositions.

259. Outstanding disbursements on shares.

27. Expenses to be distributed in various exercises.

270. Expenditure on formalisation of debts.

271. Deferred interest expense of marketable securities.

272. Deferred interest expense.

273. Player image rights *.

274. Expense for franchise contracts *.

28. Accumulated depreciation of fixed assets.

281. Accumulated depreciation of intangible fixed assets.

2810. Accumulated amortization of administrative concessions *.

2811. Accumulated depreciation of industrial property *.

2812. Accumulated amortisation of goodwill *.

2813. Cumulative amortization of local transfer rights *.

2814. Cumulative amortization of computer applications *.

2815. Cumulative amortization of player acquisition rights *.

2816. Accumulated depreciation of rights on goods under the financial leasing scheme *.

2817. Accumulated depreciation of rights to participate in competitions and organisation of sporting events *.

2818. Accumulated depreciation of rights on investments made in land or facilities provided *.

282. Accumulated depreciation of tangible fixed assets.

2821. Accumulated depreciation of buildings.

2822. Accumulated depreciation of technical facilities.

2823. Accumulated depreciation of machinery.

2824. Cumulative depreciation of stadiums and sports pavilions *.

2825. Accumulated depreciation of other facilities.

2826. Accumulated depreciation of furniture and sports equipment *.

2827. Accumulated depreciation of 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.

2910. Provisions for depreciation of immobilised sports equipment *.

2911. Provisions for depreciation of other intangible fixed assets *.

292. Provision for depreciation of tangible fixed assets.

293. Provision for depreciation of long-term marketable securities of group entities.

2930. Provision for depreciation of long-term equity holdings of group entities.

2935. Provision for depreciation of long-term fixed income securities of group entities.

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

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

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

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

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

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

298. Provision for long-term credit insolvencies.

GROUP 3

Stocks

30. Sports material *.

300. Sports Material A *.

301. Sports material B *.

31. Medicinal products and consumer health material *.

310. Medicines A *.

311. Drugs B *.

315. Sanitary Material A *.

316. Health Material B *.

32. Propaganda material *.

320. Propaganda material A *.

321. Propaganda material B *.

33. Other supplies *.

330. Fuels *.

331. Spare parts *.

335. Miscellaneous materials *.

336 Office Material *.

39. Provisions for depreciation of stocks.

390. Provision for depreciation of sports equipment *.

391. Provision for depreciation of medicinal products and consumer health material *.

392. Provision for depreciation of propaganda material *.

393. Provision for depreciation of other supplies *.

GROUP 4

Creditors and debtors of the activity

40. Suppliers.

400. Suppliers *.

4000. Suppliers (pesetas).

4004. Suppliers (foreign currency).

4009. Suppliers, invoices to receive or to formalize.

401. Suppliers, commercial effects to be paid.

402. Suppliers, entities of the group.

4020. Suppliers, group entities (pesetas).

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

4024. Suppliers, entities of the group (foreign currency).

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

403. Suppliers, associated entities.

407. Advances to suppliers *.

41. Miscellaneous creditors.

410. Creditors for service provision *.

4100. Creditors for services provided (pesetas).

4101. Creditors for the provision of services (foreign currency).

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

411. Federations, creditors *.

412. Professional National League, creditors *.

413. Other sports entities, creditors *.

415. Creditors, commercial effects to be paid *.

416. Sports entities, commercial effects to pay *.

419. Creditors for transactions in common.

43. Subscribers and Partners *.

430. Subscribers *.

431. Partners, by quotas *.

435. Subscribers and partners of doubtful collection *.

437. Subscriber and partner advances *.

44. Several debtors.

440. Debtors *.

4400. Debtors (pesetas).

4404. Debtors (foreign currency).

4409. Debtors, invoices to be formalized.

441. Federations, debtors *.

442. Professional National League, debtors *.

443. Other sports entities, debtors *.

445. Debtors, commercial effects receivable *.

4450. Debtors, commercial effects in portfolio *.

4451. Debtors, discounted trade effects *.

4452. Debtors, commercial effects on collection management *.

4455. Debtors, unpaid business effects *.

446. Sports entities, commercial effects to be charged *.

4460. Sports entities, commercial effects in portfolio *.

4461. Sports entities, discounted commercial effects *.

4462. Sports entities, commercial effects on collection management *.

4465. Sports entities, unpaid business effects *.

447. Debtors of doubtful collection *.

448. Sports entities of doubtful collection *.

449. Debtors for transactions in common.

46. Personal.

460. Advances in remuneration.

465. Remuneration outstanding *.

4650. Payables to be paid, sports template *.

4651. Unpaid remuneration for non-sports staff *

47. Public Administrations.

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, withholding 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.

49. Provisions by operations of the activity *.

490. Provision for activity insolvencies *.

493. Provision for insolvencies of group entities activity *.

494. Provision for insolvencies of associated entity activity *.

495. Provision for insolvencies of the activity of sports entities *.

499. Provision for other operations of the activity *.

GROUP 5

Financial Accounts

52. Short term debts for loans received and other concepts.

520. Short-term debt with credit institutions.

5200. Short-term loans of credit institutions.

5201. Short-term debts by willing credit.

5208. Debts for discounted effects *.

521. Short-term debts.

522. Short-term debt with sports entities *.

5220. Federations loans *.

5221. Professional National League loans *.

5224. Loans from other sports entities *.

523. Short-term fixed asset suppliers *.

524. Effects to be paid in the short term.

525. Sports entities, effects to be paid in the short term *.

526. Active dividend payable *.

527. Short-term interest on debt with credit institutions *.

528. Short-term interest on debts *.

5280. Short-term interest on debt with sports entities *.

5281. Short-term interest on other debts *.

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.

5402. Temporary financial investments in sports entities *.

5403. Other temporary financial investments in capital *.

541. Fixed income securities in the short term.

542. Short term credits *.

5420. Short-term credits for the disposal of fixed assets *.

5429. Other short-term credits *.

543. Short-term credits to sports entities *.

544. Short-term credit to staff.

545. Dividend receivable.

546. Short-term interest on fixed income securities.

547. Short term interest on loans.

5470. Short-term interest on credits to sports entities *.

5471. Short-term interests of other credits *.

548. Short-term impositions.

549. Outstanding disbursements on short-term shares.

55. Other non-bank accounts.

551. Current account with entities in the group.

552. Current account with associated entities.

553. Current account with partners and administrators.

554. Current account with sports entities *.

555. Items to be applied.

556. Disbursements required on shares.

5560. Required disbursements on shares of group entities.

5561. Required disbursements on shares of associated entities.

5562. Required disbursements on shares of other entities.

557. Active dividend to account *.

558. Shareholders for required disbursements.

559. Expense advances to justify *.

GROUP 6

Purchases and Expenses

60. Shopping.

600. Purchases of sports equipment *.

601. Purchases of medicines and consumer health material *.

602. Purchases of propaganda material *.

603. Purchases of other supplies *.

608. Purchases returns and similar transactions.

6080. Purchases of sports material *.

6081. Purchase returns for medicines and consumer health material *.

6082. Sales returns of propaganda material *.

6083. Purchases returns from other supplies *.

609. "Rappels" for purchases.

6090. "Rappels" for purchases of sports material *.

6091. "Rappels" for purchases of medicines and consumer health material *.

6092. "Rappels" for purchases of propaganda material *.

6093. "Rappels" for purchases of other supplies *.

61. Change in stocks.

610. Stock variation of sports material *.

611. Change in stocks of medicinal products and consumer health material *.

612. Stock variation of propaganda material *.

613. Stock variation of other supplies *.

62. External services.

620. Communications *.

621. Leases and royalties.

622. Repairs and conservation.

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 *.

64. Staff costs.

640. Wages and salaries, sports template *.

6400. Fixed remuneration *.

6401. Remuneration for image rights *.

6403. Premiums matches *.

6404. Annual premiums *.

6405. Diets *.

6409. Other remunerations *.

641. Salaries and salaries of non-sports staff *.

6410. Fixed remuneration *.

6411. Eventual remunerations *.

6419. Other remunerations *.

642. Indemnities *.

6420. Indemnities, sports template *.

6421. Compensation to non-sports staff *.

643. Social security in charge of the entity *.

6430. Social security, sports template *.

6431. Social security of non-sports staff *.

644. Contributions to supplementary pension systems *.

649. Other social expenses *.

65. Other management costs.

650. Bad commercial credit losses *.

651. Results of operations in common.

6510. Benefit transferred (manager).

6511. Loss supported (participate or non-manager associated).

652. Arbitration rights *.

653. Player acquisition expenses *.

654. Displacements *.

655. Quotas for sports entities *.

656. Participation costs in sports competitions *.

657. Grants to other sports entities *.

658. Sports sanctions *.

659. Other losses in current management *.

66. Financial expenses.

661. Bond and bond interest.

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

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

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

6615. Interest on short-term bonds and bonds in group entities.

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

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

662. Interest on long-term debts.

6620. Long-term debt interest with group entities.

6621. Long-term debt interest with associated entities.

6622. Long-term debt interest with credit institutions.

6623. Long-term debt interest with sports entities *.

6624. Long-term debt interest with other entities *.

663. Interest on short-term debts.

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

6631. Interest on short-term debts with associated entities.

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

6633. Short-term debt interest with sports entities *.

6634. Short-term debt interest with others

entities *.

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.

666. Losses in marketable securities.

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

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

6662. Losses on permanent financial investments in sports entities *.

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

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

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

6667. Losses on temporary financial investments in sports entities *.

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

667. Credit losses.

6670. Long-term credit losses to group entities.

6671. Long-term credit losses to associated entities.

6672. Long-term credit losses to sports entities *.

6673. Long-term credit losses to other entities.

6675. Short-term credit losses to entities in the group.

6676. Short-term credit losses to associated entities.

6677. Short-term credit losses to sports entities *.

6678. Short-term credit losses to other entities.

668. Negative differences of change.

669. Other financial expenses.

67. Losses from fixed assets and exceptional expenses.

670. Losses from intangible fixed assets *.

671. Losses from tangible fixed assets.

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

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

674. Losses from operations with own shares and obligations.

676. Loss from player transfer *.

678. Extraordinary expenses *.

6780. Penalties *.

6789. Other extraordinary expenses *.

679. Expenditure and losses of previous years.

68. Endowments for redemptions.

680. Depreciation of establishment expenses.

681. Depreciation of intangible fixed assets *.

6810. Amortization of player acquisition rights *.

6811. Depreciation of other intangible assets *.

682. Depreciation of tangible fixed assets *.

69. Allocations to the provisions.

690. Allocation to the reversal fund.

691. Allocation to the provision of intangible fixed assets.

692. Provision for the provision of tangible fixed assets.

693. Allocation to the provision of stocks.

694. Provision for the provision for insolvencies of the activity *.

695. Provision to provision for other operations of the activity *.

696. Provision for the provision for long-term marketable securities.

6960. Provision for the provision for long-term equity holdings of group entities.

6961. Provision for the provision for long-term equity holdings of associated entities.

6963. Provision for the provision for long-term marketable securities of other entities.

6965. Provision for the provision for long-term fixed income securities of group entities.

6966. Provision for the provision for long-term fixed income securities of associated entities.

697. Provision for the provision of long-term credit insolvencies.

6970. Provision for the provision of long-term credit insolvencies to group entities.

6971. Provision for the provision of long-term credit insolvencies to associated entities.

6973. Provision for the provision of long-term credit insolvencies to other entities.

6974. Provision for the provision of long-term credit insolvencies to sports entities *.

698. Provision for the provision for marketable securities in the short term.

6980. Provision for the provision for short-term marketable securities of group entities.

6981. Provision for the provision for short-term marketable securities of associated entities.

6983. Provision for the provision for short-term marketable securities of other entities.

699. Provision for the provision of short-term credit insolvencies.

6990. Provision for the provision of short-term credit insolvencies to group entities.

6991. Provision for the provision of short-term credit insolvencies to associated entities.

6993. Provision for the provision of short-term credit insolvencies to other entities.

6994. Provision for the provision of short-term credit insolvencies to sports entities *.

GROUP 7

Sales and revenue

70. Sports revenue *.

700. League revenue *.

701. Cup income *.

702. Revenue from international official competitions *.

703. Revenue from other competitions and friendly matches *.

707. Retransmission rights *.

708. Advertising revenue *.

7080. Static advertising revenue *.

7081. Dynamic Advertising Revenue *.

7082. Income per Professional National League *.

709. Participation in Mutual Sports Bets *.

71. Revenue by subscribers and partners *.

710. Subscriber Revenue *.

711. Income from meats *.

73. Jobs performed for the entity.

730. Incorporation into the asset of establishment expenses.

731. Jobs performed for the intangible fixed assets *.

732. Work carried out for the fixed assets.

733. Work carried out for the fixed equipment.

737. Incorporation into the asset of debt formalization expenses.

74. Subtentions to the holding.

740. Official subsidies to the holding *.

7400. Subsidies for the exploitation of the Superior Council of Sports *.

7401. Grants to the exploitation of Autonomous Communities *.

7409. Grants to the holding of other public entities *.

741. Subsidies for the exploitation of sports entities *.

7410. Subsidies for the exploitation of federations *.

7411. Grants to the exploitation of the National Professional League *.

7419. Subsidies for the exploitation of other sports entities *.

742. Other subsidies to the holding *.

75. Other management revenue.

750. Stock Sales *.

751. Results of operations in common.

7510. Loss transferred (manager).

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

752. Revenue from leases.

754. Fee income.

755. Income from services to staff.

757. Revenue by cession of players *.

759. Other income *.

76. Financial income.

760. Income from equity participations.

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

7601. Income from equity holdings of associated entities.

7603. Income from equity holdings of other entities.

761. Income from fixed income securities.

7610. Income from fixed income securities of group entities.

7611. Income from fixed income securities of associated entities.

7613. Income from fixed income securities of other entities.

762. Revenue from long-term loans.

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

7621. Long-term credit income to associated entities.

7623. Long-term credit income to other entities.

7624. Long-term credit income to sports entities *.

763. Short-term credit income.

7630. Short-term credit income to group entities.

7631. Short-term credit income to associated entities.

7633. Short-term credit income to other entities.

7634. Short term credit income to sports entities *.

765. Discounts on purchases for early payment.

7650. Discounts on purchases for early payment by group entities.

7651. Discounts on purchases for soon payment of associated entities.

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

766. Benefits in marketable securities.

7660. Profit on long-term marketable securities of group entities.

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

7662. Benefits in permanent financial investments in sports entities *.

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

7665. Benefits in short-term marketable securities of group entities.

7666. Benefits in short-term marketable securities of associated entities.

7667. Benefits in temporary financial investments in sports entities *.

7668. Benefits in short-term marketable securities of other entities.

768. Positive differences of change.

769. Other financial income.

77. Benefits from fixed assets and exceptional income.

770. Benefits from intangible fixed assets *.

771. Profits from tangible fixed assets.

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

773. Profit from long-term equity holdings of associated entities.

774. Profit from operations with own shares and obligations.

775. Capital grants transferred to the outcome of the financial year.

776. Benefits from player transfer *.

778. Extraordinary income.

779. Income and benefits from previous years.

79. Excess and application of provisions.

790. Excess provision for risks and expenses.

791. Excess supply of intangible fixed assets.

792. Excess supply of the fixed assets.

793. Provision of applied stocks.

794. Provision for insolvencies of the applied activity *.

795. Provision for other operations of the applied activity *.

796. Excess provision for long-term marketable securities.

7960. Excess provision for long-term equity holdings of group entities.

7961. Excess provision for long-term equity holdings of associated entities.

7963. Excess provision for long-term marketable securities of other entities.

7965. Excess provision for long-term fixed income securities of group entities.

7966. Excess provision for long-term fixed income securities of associated entities.

797. Excess provision for long-term credit insolvencies.

7970. Excess provision for long-term credit insolvencies of group entities.

7971. Excess provision for long-term credit insolvencies of associated entities.

7973. Excess provision for long-term credit insolvencies of other entities.

7974. Excess provision for long-term credit insolvencies of sports entities *.

798. Excess provision for marketable securities in the short term.

7980. Excess provision for short-term marketable securities of group entities.

7981. Excess provision for short-term marketable securities of associated entities.

7983. Excess provision for short-term marketable securities of other entities.

799. Excess provision for short-term credit insolvencies.

7990. Excess provision for short-term credit insolvencies of group entities.

7991. Excess provision for short-term credit insolvencies of associated entities.

7993. Excess provision for short-term credit insolvencies of other entities.

7994. Excess provision for short-term credit insolvencies of sports entities *.

THIRD PART

Accounting definitions and relationships

Note. -Only those subgroups and accounts whose coding, definition or accounting relationship have been the subject of modification are included.

GROUP 1

Basic Financing

It includes the own resources and long-term foreign funding of the institution, which is generally intended to finance the permanent asset and to cover a reasonable margin for the 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.

100. Capital. -Capital subscribed in the companies which are in the form of a commercial form.

Dealing with public limited liability companies, the issue and subscription of shares shall be recorded in the form that they have as appropriate, as long as they are in the period of subscription and no registration has been made in the Commercial Register.

Your move is as follows:

(a) It shall be paid for the initial capital and subsequent extensions.

(b) It shall be charged for the reductions of the same and the extinction of the company after the settlement period has elapsed.

13. Income to be distributed in various exercises.

130. Official capital grants *.

131. Capital grants of sports entities *.

132. Capital grants *.

133. Deferred revenue by cession of rights *.

135. Deferred interest income *.

136. Positive differences in foreign currency.

130. Official capital grants *. Those granted by the Superior Council of Sports, Autonomous Communities and other public entities, for the establishment or fixed structure of the entity, when they are not reintegrable.

Your move is as follows:

a) It will be paid:

(a) For the grant granted to the entity from the accounts of the subgroup 47 or 57.

(a) For long-term debts that are transformed into grants, under 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 of sports entities *. -Those granted by federations, the National Professional League and other sports entities for the establishment or fixed structure of the entity, when they are not reintegrable.

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

132. Capital grants *.-Those granted by undertakings or individuals, for the establishment or fixed structure of the institution, where they are not reintegrable.

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

133. Deferred income by cession of rights *.-Income derived from exclusive contracts that provide for the transfer of different rights.

The movement of this account shall be carried out in accordance with the provisions of the valuation standard 21.

135. Deferred interest income *-The interest incorporated in the nominal amount of the loans granted in operations of the activity, the imputation of which must be carried out in future years.

Your move is as follows:

(a) It shall be paid for the amount of financial income that is different for successive years, usually from the accounts of subgroup 44.

(b) The amount of deferred revenue to be charged to the financial year shall be charged at the end of the financial year with a subscription to the accounts of subgroup 76.

14. Provisions for risks and expenses.

140. Provision for pensions and similar obligations *.

141. Provision for taxes.

142. Provision for responsibilities.

143. Provision for major repairs.

144. Reversal fund.

145. Provision for risks *.

140. Provision for pensions and similar obligations *. -Funds intended to cover legal or contractual obligations relating to staff of the institution, on the occasion of their retirement or other social care (widowage, orphan's, etc.).

Your move is as follows:

a) It will be paid:

(a) By estimates of annual accruals, with account of account 644.

(a) For the amount of the income attributable to the provision constituted, under account 662.

b) Charged:

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

b) For excess provision, with credit to account 790.

145. Provision for risks *.-Funds intended by the institution to cover the economic risk, indeterminate in its exact amount, where there has been an extraordinary circumstance, both as regards stadiums or sports facilities, and the Sports life of players: Accidents, diseases, injuries, etc.

Your move is as follows:

(a) It shall be paid on the basis of the annual accrual estimate, usually taken into account in subgroup 67.

b) Charged:

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

b) For excess provision, with credit to account 790.

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 transformed into grants *.

173. Long-term fixed asset suppliers *.

174. Effects to be paid in the long term.

175. Long-term debt with sports entities *.

176. Sports entities, effects to pay long term *.

172. Long-term debts that can be converted into grants *. -Cantities granted by public administrations, companies or individuals with a reintegrable grant.

Your move is as follows:

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

b) Charged:

(b) For any circumstance determining the total or partial reduction thereof, in accordance with the terms of its concession, with credit, generally, to the account 4758.

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

173. Suppliers of fixed assets in the long term *. -Deures with suppliers of goods defined in Group 2, except for those contracted with sports entities, with a maturity of more than one year.

Your move is as follows:

(a) It shall be paid for the receipt in accordance with the goods supplied, from group 2 accounts and, where appropriate, account 272.

b) Charged:

b) By the acceptance of the effects to be paid, with credit to the account 174.

(b) For the early cancellation, in whole or in part, of the debts, with a credit to the accounts of the sub-group 57 and, where applicable, account 272.

175. Long-term debt with sports entities *. -Those contracted with federations, the National Professional League and other sports entities for loans received and other debits, with a maturity of more than one year.

Your movement is analogous to the one for account 171.

It will include, with due development in the accounts of four or more figures, the amount of the debts to be included in this subgroup when they contract with different sports entities.

176. Sports entities, effects to be paid in the long term *. -Deures contracted with federations, the National Professional League and other sports entities for loans received and other debits with maturity of more than one year, instrumented by spin effects, including those that have their origin in supplies of fixed assets.

Your movement is analogous to the one pointed out for account 174.

19. Transitional financing situations.

190. Shareholders for unrequired disbursements.

191. Shareholders by non-required disbursements, entities of the group.

192. Shareholders for unrequired disbursements, associated entities.

193. Shareholders for outstanding non-cash contributions.

194. Shareholders for outstanding non-cash contributions, entities of the group.

195. Shareholders for outstanding non-cash contributions, associated entities.

196. Club partners, part not disbursed. *

198. Own actions in special situations.

199. Own shares for capital reduction.

196. Club partners, non-paid-up part *. -Trating to entities without a commercial form, will, if appropriate, include in this account the outstanding amounts of disbursement by amounts that the partners and subscribers satisfy in one and several times, in the concept of basic entry fees or any other contributions which have the character of the contribution to the social fund.

This account meets the same purpose, as far as the indicated entities are concerned, that count 190.

It will appear in the balance sheet asset.

Your movement is analogous to the one pointed out for account 190.

GROUP 2

Quiesced

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

20. Establishment costs.

200. Expenditure of the constitution.

201. Cost of first establishment.

202. Capital increase expenditure.

203. Installation and conditioning costs of land given in precarious *.

203. The costs of installation and conditioning of land transferred in precarious *. -Investments made by the entity on land used by it and which have been transferred to it in precarious.

Your movement is analogous to the one pointed out for account 201.

21. Intangible fixed assets.

210. Administrative concessions *.

211. Industrial property *.

212. Goodwill *.

213. Local transfer rights *.

214. Computer applications *.

215. Player acquisition rights *.

216. Property rights under the financial leasing scheme *.

217. Rights to participate in competitions and organisation of sporting events *.

218. Rights to investments made in land or facilities provided *.

219. Advances for intangible fixed assets.

210. Administrative concessions *. -Expenditure incurred for obtaining rights of exploitation granted by the State or other Public Administrations, or the purchase price for those concessions that may be transmitted.

Your move is as follows:

(a) It shall be charged for the costs incurred in obtaining the concession, or for the purchase price, with credit, generally, to the accounts of subgroup 57.

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

211. Industrial property *.-Amount satisfied by the property or by the right to use or to grant the use of the various manifestations of the industrial property, in cases where, by the stipulations of the contract, they must be invented by the acquiring institution.

Your move is as follows:

a) It will be loaded:

(a) By the acquisition to other companies, with credit, generally, to the accounts of subgroup 57.

(a) For the disbursements required for registration in the corresponding Register, with credit, generally, to the accounts of subgroup 57.

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

212. Goodwill *. -Set of intangible assets, such as name or social reason and others of a similar nature, that imply value for the entity.

This account will only be opened in the event that the goodwill has been acquired for consideration.

Your move is as follows:

(a) It shall be charged for the amount resulting from the transaction in question, with the payment, generally, to the accounts of subgroup 57.

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

213. Local transfer rights *.-Amount satisfied by the local lease rights.

Your movement is analogous to the one pointed out for account 212.

214. Computer applications *. -Amount satisfied by the property or by the right to the use of computer programs; they will be included those elaborated by the own entity.

Your move is as follows:

a) It will be loaded:

(a) By the acquisition to other companies, with credit, generally, to the accounts of subgroup 57.

(a) For own processing, with credit to account 731.

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

215. Rights to acquire players *. -Amount satisfied by the acquisition of the right to the services of a certain player, in concept of "transfer", as well as all the expenses incurred that are necessary for the acquisition of this player.

Your move is as follows:

(a) It shall be charged for the amount resulting from the transaction in question.

(b) It shall be paid for the transfer of the player or when the player is causing a loss for any other reason, usually with a charge of sub-group 57 and in the case of losses to account 676.

216. Property rights under the financial leasing scheme *.-Value of the right of use and of the option of purchase on the assets which the entity uses under the leasing scheme.

The movement of this account shall be carried out in accordance with the provisions of the valuation rules.

217. Rights of participation in competitions and organization of sporting events *. -Amount satisfied by the right to participate in sports competitions, as well as the expenses incurred for obtaining rights on the organization of sports sports events, or the purchase price of these rights when, being susceptible to transmission, they have been acquired.

Your move is as follows:

(a) It shall be charged for the purchase price or for the amount of expenses incurred to obtain these rights, with credit to the accounts of subgroup 57 or account 731, respectively.

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

218. Rights to investments made in land or facilities transferred *. -Investments made on land or facilities transferred by public or private entities, by administrative concession, lease or other type of contract.

Your move is as follows:

(a) It shall be charged for the investments to be included in this account, with credit, generally, to the accounts of subgroup 57 and, where applicable, account 731.

(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 fixed assets.

220. Land and natural goods *.

221. Constructs *.

2210. Social Local *.

2211. Offices *.

2219. Other constructs *.

222. Technical installations *.

223. Machinery *.

224. Sports stadiums and pavilions.

2240. Stadiums *.

2241. Sports pavilions *.

2249. Other sports constructions *.

225. Other facilities.

226. Furniture and sports equipment *.

227. Equipment for information processes.

228. Transport elements.

229. Other tangible fixed assets.

220. Land and natural property *. -Solares of urban nature, rustic estates, other non-urban land, mines and quarries. The land to be included in other accounts of this sub-group shall not be included.

221. Constructs *.

2210. Social Local *. -Edifications of the entity's registered office. Offices, meeting rooms, etc. will be included.

The social site is also included in this account, even if it is located in any of the buildings defined in the account 224.

2211. Offices *. -Edifications for the offices of the institution, where they are not part of those included in other accounts.

2219. Other constructs *. -Edifications whose main destination is not the practice of a sport, nor are they included in other accounts of this subgroup.

222. Technical installations *.-Complex units of use specialized in sports, such as public address, electronic marker, tornos, etc. including computer systems which, while being separable by nature, are linked in a way (a) definitive for its operation and subject to the same rate of depreciation; spare parts or spare parts for such installations shall also be included.

223. Machinery *. -Set of machines whose use allows the development of the activity of the entity.

This account will include all those elements of internal transport that are intended for the transfer of personnel, animals and materials within the facilities without going outside.

224. Sports stadiums and pavilions *.

2240. Stadiums *. -Edifications, including land, where the principal activity of the entity is developed.

2241. Sports pavilions *. -Edifications, including land, the destination of which is the practice of sports in close quarters.

2249. Other sports buildings *. -Edifices, including land, whose main purpose is the practice of sports modalities other than the main one.

226. Furniture and sports equipment *. Furniture, sports equipment, trophies and office equipment, with the exception of those to be included in account 227.

23. Tangible assets in progress.

230. Adaptation of land and natural goods.

231. Constructions in progress.

232. Technical installations in assembly.

233. Machinery in assembly.

234. Sports stadiums and pavilions in progress *.

237. Equipment for mounting information processes.

239. Advances for tangible fixed assets.

230/238. ... *. -Inmobilizations in adaptation, construction or assembly, at the end of the financial year.

Your move is as follows:

a) They will be loaded:

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

(a) For the works and works that the entity 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.

255. Long-term credit to sports entities *.

256. Long-term interest in fixed income securities.

257. Long-term interest on loans.

258. Long-term impositions.

259. Outstanding disbursements on shares.

250. Permanent financial investments in capital *. long-term investments in capital rights-shares with or without listing on an organised secondary market or other securities of institutions that do not have the consideration of group entities; multigroup or associated.

It will also include the holdings that the entities may have in the Professional Leagues or in other sports entities, when they do not have the consideration of entities of the group, multigroup or associates.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The subscription or purchase shall generally be debited from accounts of subgroup 57 and, where applicable, account 259.

b) It will be paid for the enajenations and generally for the low in inventory, with charge, generally, to accounts of the subgroup 57, if there are outstanding disbursements to the account 259 and in case of losses to the account 666.

253. Long-term credit for the disposal of fixed assets *. -Credits to third parties whose maturity is greater than one year, with origin in transactions involving the disposal of fixed assets, except those granted to sports entities.

When the credit for the disposal of fixed assets has been agreed with group, multi-group and associated entities, the investment shall be reflected in account 244 or 245, as appropriate.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The amount of such claims shall be debited from the sum of the accounts of Group 2.

(b) It shall be paid to the early cancellation, in whole or in part or in inventory, with a charge, in general, to the accounts of subgroup 57 and in the case of losses to the account 667.

255. Long-term loans to sports entities *. -Loans and other non-commercial loans granted to sports entities, including those formalized by way of rotation, with a maturity of more than one year.

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

It will appear in the balance sheet asset.

Your movement is analogous to the one pointed out for account 252.

It will be included, with due development in the accounts of four or more figures, the amount of the credits, with origin in operations of the disposal of fixed assets granted to sports entities.

27. Expenses to be distributed in various exercises.

270. Expenditure on formalisation of debts.

271. Deferred interest expense of marketable securities.

272. Deferred interest expense.

273. Player image rights *.

274. Expense for franchise contracts *.

273. Player image rights *. -Total amount satisfied to a given player to the signing of the contract to obtain the right of image of that player for a period of more than one year.

Your move is as follows:

(a) The amount of the contract will be charged on the basis of a sub-group 57.

(b) It shall be paid for the amount to be charged annually to results, from accounts in subgroup 64.

274. Expenses for franchise contracts *.-Total amount of the consideration for the franchise obtained in connection with the rights of participation in competitions.

Your move is as follows:

(a) The total amount of the contract will be charged to the accounts of subgroup 41 or 57.

(b) It shall be paid for the amount to be charged annually to the results of the account 656.

GROUP 3

Stocks

Sports equipment, medicines, propaganda material and other supplies.

30. Sports material *.

300. Sports Material A *.

301. Sports material B *.

Sports articles intended, normally, for the use and consumption of entities.

Accounts 300/309 will be included 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 sporting material on the way is owned by the entity, under the terms of the contract, it shall be listed as stocks at the end of the financial year in the respective accounts of the sub-group 30. This rule shall also apply where articles falling within the following sub-groups are on the way.

31. Medicinal products and consumer health material *.

300. Medicines A *.

311. Drugs B *.

315. Sanitary Material A *.

316. Health Material B *.

Medicines, kit material and sanitary material intended for the use and consumption of the entity.

Accounts 310/319 will be included in the balance sheet asset and its movement is similar to that for the 300/309 accounts.

32. Propaganda material *.

320. Propaganda material A *.

321. Propaganda material B *.

Objects acquired by entities and intended for sale or gift to partners, sports penalties, visitors, supporters, etc. For example, flags, badges, shields, photographs, postcards, brochures, etc. are cited.

Accounts 320/329 will be included in the balance sheet asset and its movement is similar to that for the 300/309 accounts.

33. Other supplies *.

330. Fuels *.

331. Spare parts *.

335. Miscellaneous materials *.

336. Office Material *.

330. Fuels *. -Energy materials susceptible to storage.

331. Parts *. -Parts intended to be mounted on installations, equipment or machines to replace other such parts. This account shall include those with a storage cycle of less than one year.

335. Miscellaneous materials *. -Other consumer matters which are not to be incorporated into the activity of the entity.

336. Office material *.-The purpose of which is to indicate its name, unless the entity chooses to consider that the office material acquired during the financial year is the subject of consumption.

The accounts 330/339 will appear in the balance sheet asset and its movement is analogous to the one for the accounts 300/309.

39. Provisions for depreciation of stocks.

390. Provision for depreciation of sports equipment *.

391. Provision for depreciation of medicinal products and consumer health material *.

392. Provision for depreciation of propaganda material *.

393. Provision for depreciation of other supplies *.

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

The 390/393 accounts will be listed in the balance sheet asset by minoring stocks.

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 of the activity

Personal accounts and assets and liabilities that have their origin in the activity of the institution, as well as the accounts with the general government, 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.

40. Suppliers.

400. Suppliers *.

401. Suppliers, commercial effects to be paid.

402. Suppliers, entities of the group.

403. Suppliers, associated entities.

407. Advances to suppliers.

400. Suppliers *. -Deures with suppliers of sports equipment and other goods defined in Group 3.

This account will include debts with service providers directly used in your activity.

It will appear on the liability side of the balance sheet.

Your movement, generally, is as follows:

(a) It shall be paid for the "in conformity" receipt of the suppliers ' remittances, from the accounts of the sub-group 60.

b) Charged:

b) By the formalization of the debt in order of turn accepted, with credit to the account 401.

b) By the total or partial cancellation of the entity's debts to the suppliers, with credit to the accounts of subgroup 57.

b) By the "rappels" corresponding to the entity, granted by the suppliers, with credit to the account 609.

b) For the discounts, whether or not included in the invoice, that you grant to the entity for soon payment of its suppliers, with credit to the account 765.

b) For the purchases made, with credit to the account 608.

407. Advances to suppliers *. -Deliveries to suppliers, usually in cash, as a "account" of future supplies.

When these deliveries are made to group, multi-group or associated entities, the corresponding three-figure accounts must be developed.

It will appear in the balance sheet asset.

Your move is as follows:

(a) It will be charged for cash deliveries to suppliers, with credit to sub-group 57 accounts.

(b) It shall be paid for consignments of sports equipment or other goods received from "to conformity" suppliers, usually from sub-group 60 accounts.

41. Miscellaneous creditors.

410. Creditors for service provision *.

411. Federations, creditors *.

412. Professional National League, creditors *.

413. Other sports entities, creditors *.

415. Creditors, commercial effects to be paid *.

416. Sports entities, commercial effects to pay *.

419. Creditors for transactions in common.

When creditors are group, multi-group or associated entities, three-digit accounts shall be opened that specifically collect debits with the same, including those formalized for spin purposes.

410. Creditors for services services *. -Debt with suppliers of services that do not have the strict condition of suppliers.

It will appear on the liability side of the balance sheet.

Your move is as follows:

(a) It shall be paid for the "in conformity" receipt of the services, with a charge, generally, to the accounts of the subgroup 62 or 65.

b) Charged:

b) By the formalization of the debt in order of turn accepted, with credit to account 415.

(b) By the total or partial cancellation of the entity's debts to the creditors, with credit to the accounts corresponding to the sub-group 57.

411/413 ... *. -Deures with Federations, the National Professional League and other sports entities for management expenses.

Appear on the liabilities side of the balance sheet.

Your move is as follows:

(a) They shall be paid for the corresponding amount, usually charged to the accounts of subgroup 65.

(b) They shall be charged for the total or partial cancellation of debts, with credit to sub-group 57 accounts.

415. Creditors, commercial effects to be paid *. -Debts with suppliers of services that do not have the strict condition of suppliers, formalized in order of turn accepted.

It will appear on the liability side of the balance sheet.

Your move is as follows:

(a) It shall be paid when the entity accepts the effects, generally charged to account 410.

(b) The payment of the effects shall be charged upon arrival, with credit to the accounts corresponding to the sub-group 57.

416. Sports Entities, commercial effects to be paid *. -Deures with Federations, the National Professional League and other sports entities for management expenses, formalized in accepted spin effects.

It will appear on the liability side of the balance sheet.

Your movement is analogous to the one pointed out for account 415.

43. Subscribers and Partners *.

430. Subscribers *.

431. Partners, by quotas *.

435. Subscribers and partners of doubtful collection *.

437. Subscriber and partner advances *.

When subscribers and partners are group, multigroup, or associated entities, three-digit accounts will be opened that specifically collect debits with them.

430/431. Subscribers/Partners, by quotas *. -Debts of subscribers and partners for credits and quotas whatever their concept.

It will appear in the balance sheet asset.

Your move is as follows:

(a) It shall be charged for the amount of the debts referred to, with credit, generally to sub-group 71 accounts.

b) It will be paid:

b) By its classification as of doubtful collection, with charge to the account 435.

(b) For total or partial recovery from accounts of subgroup 57.

435. Subscribers and partners of doubtful recovery *. -Saldos of subscribers and partners, in which circumstances that reasonably allow their qualification as doubtful to be charged.

It will appear in the balance sheet asset.

Your move is as follows:

(a) It shall be charged for the amount of the balances of doubtful recovery, with credit to the account 430 or 431.

b) It will be paid:

b) For firm insolvencies, with account of the account 650.

b) For the total collection of the balances, from the accounts of subgroup 57.

(b) For partial recovery, from the accounts of the sub-group 57 in the cashed-out part, and to the account 650 for which it will be uncollectible.

437. In advance of subscribers and partners *. -Deliveries of subscribers and partners, usually in cash, in terms of "on account" of future payments.

It will appear on the liability side of the balance sheet.

Your move is as follows:

(a) It shall be paid for the cash receipts from the account corresponding to the sub-group 57.

(b) It shall be charged when the advances are applied, with credit, generally, to sub-group 71 accounts.

44. Several debtors.

440. Debtors *.

441. Federations, debtors *.

442. Professional National League, debtors *.

443. Other sports entities, debtors *.

445. Debtors, commercial effects receivable *.

446. Sports entities, commercial effects to be charged *.

447. Debtors of doubtful collection *.

448. Sports entities of doubtful collection *.

449. Debtors for transactions in common.

When debtors are group, multi-group or associated entities, four-digit accounts will be opened that specifically collect debits with the same, including those formalized for spin purposes.

440. Debtors *. -Credit for sports income when the debt does not correspond to partners or subscribers and to other debtors for operations of the activity not included in other accounts of this group.

This account shall also account for the amount of operating grants granted to the institution, excluding those that are to be recorded in sub-group 47 accounts or in other accounts of this sub-group.

It will appear in the balance sheet asset.

Your move is as follows:

a) It will be loaded:

(a) For sports revenue, with credit to sub-group 70 accounts.

(a) For the operating grant granted, with credit to account 742.

(a) For other management revenue, with credit to sub-group 75 accounts.

b) It will be paid:

(b) By the formalization of the credit in order of turn accepted by the debtor, with the account of the account 445.

(b) By the total or partial cancellation of debts, generally taken into account in subgroup 57.

b) By its classification as debtors of doubtful collection, with account 447.

b) For the part that will definitely be uncollectible, with account of the account 650.

441/443 ... *. -Appropriations with Federations, the National Professional League and other sports entities for operating grants granted by these entities and for other income.

They will be in the balance sheet asset.

Your move is as follows:

(a) It shall be charged for the corresponding revenue, with credit to group 7 accounts.

(b) In general, it shall be paid for the recovery of the appropriations, in general from the accounts of subgroup 57.

445. Debtors, commercial effects to be charged *. -Credits with debtors, formalized in accepted spin effects.

It will appear in the balance sheet asset.

Your move is as follows:

a) The acceptance of the effects will be charged, with credit, generally, to the account 440.

b) It will be paid:

(b) For the collection of the effects on maturity, from accounts of subgroup 57.

b) By its classification as of doubtful collection, with account 447.

b) For the part that will definitely be uncollectible, with account of the account 650.

The financing obtained by the effects discount is a debt that should generally be collected in the relevant accounts of the subgroup 52.

As a result, the account 4451 will be paid to the account 5208, due to the expiration of the effects.

446. Sports Entities, commercial effects to be charged *. -Credits with Federations, the National Professional League and other sports entities, formalized in accepted spin effects.

It will appear in the balance sheet asset.

Your movement is analogous to the one pointed out for account 445.

The financing obtained by the effects discount is a debt that should generally be collected in the relevant accounts of the subgroup 52. As a result, the account shall be paid out of account 4461, with account 5208, at the end of the effects.

447. Debtors of doubtful recovery *. -Salts of debtors included in the accounts 440 and 445, in which circumstances are met that reasonably allow their qualification as doubtful to be charged.

It will appear in the balance sheet asset.

Your movement is analogous to the one pointed out for the 435 account.

448. Sports entities of doubtful recovery *. -Salts of Federations, the National Professional League and other sports entities, including those formalized for spin purposes, in which circumstances that reasonably permit their qualification as of doubtful recovery.

Your movement is analogous to the one pointed out for the 435 account.

46. Personal.

460. Advances in remuneration.

465. Remuneration outstanding *.

465. Payments to be paid *. -Debit of the entity to the staff by the concepts mentioned in the accounts 640, 641 and 642.

It will appear on the liability side of the balance sheet.

Your move is as follows:

(a) It shall be paid for accrued and unpaid remuneration, payable to the accounts 640, 641 and 642.

b) It will be charged when the remuneration is paid, with credit 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, withholding 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.

476. Social Security Agencies, creditors *. -Deures pending with Social Security agencies as a result of the benefits they perform.

It will appear on the liability side of the balance sheet.

Your move is as follows:

a) It will be paid:

(a) By the shares that correspond to the entity, with account 643.

(a) For the withholding of quotas that correspond to the staff of the entity, with account of 465, 640 or 641.

(b) It will be charged when the debt is cancelled, with subscription to sub-group 57 accounts.

49. Provisions by operations of the activity *.

490. Provision for activity insolvencies *.

493. Provision for insolvencies of group entities activity *.

494. Provision for insolvencies of associated entity activity *.

495. Provision for insolvencies of the activity of Sports Entities *.

499. Provision for other operations of the activity *.

490. Provision for insolvencies of the activity *. -Provisions for non-performing loans, with origin in operations of the activity, excluding those to be recorded in the account 495.

The balance sheet asset shall be shown by offsetting the corresponding accounts of subgroups 43 and 44.

Your move is as follows, depending on the alternative adopted by the entity:

1. Where the institution encrypts the amount of the provision at the end of the financial year by means of a comprehensive estimate of the risk of failures in the balance of subscribers, partners and other debtors:

(a) At the end of the financial year, the estimate shall be paid out of account 694.

(b) It shall be charged, at the end of the financial year, for the allocation made at the end of the preceding financial year, with payment of account 794.

2. Where the institution encrypts the amount of the provision by means of an individualized system for monitoring the balances of subscribers, partners and other debtors:

(a) In the course of the financial year, account shall be paid of the amount of the risks to be estimated from the account 694.

(b) It shall be debited as the balances of subscribers, partners and debtors for which the individual provision was made are discharged or the risk is eliminated, by the amount of the risk, with credit to the account 794.

493. Provision for insolvencies of the activity of group entities *. -Provisions for bad loans, with origin in operations of the activity carried out with entities of the group.

The balance sheet asset shall be shown by offsetting the corresponding accounts in subgroup 44.

Your movement is analogous to the one pointed out for the 490 account.

494. Provision for insolvencies of the activity of associated entities *. -Provisions for bad loans, with origin in operations of the activity carried out with multigroup and associated entities.

The balance sheet asset shall be shown by offsetting the corresponding accounts in subgroup 44.

Your movement is analogous to the one pointed out for the 490 account.

495. Provision for insolvencies of the activity of sports entities *. -Provisions for bad loans, with origin in operations of the activity carried out with sports entities.

The balance sheet asset shall be shown by offsetting the corresponding accounts in subgroup 44.

Your movement is analogous to the one pointed out for the 490 account.

499. Provision for other operations of the activity *. -Provisions for coverage of expenses for returns of income, and other similar concepts.

It will appear on the liability side of the balance sheet.

Your move is as follows:

(a) The amount of the estimate made, at account 695, shall be paid at the end of the financial year.

(b) The allocation made in the previous year shall be charged at the end of the financial year with a subscription to the account 795.

GROUP 5

Financial Accounts

Debts and claims for transactions other than the business of the institution with a maturity of not more than one year and available liquid assets.

52. Short term debts for loans received and other concepts.

520. Short-term debt with credit institutions.

5200. Short-term loans of credit institutions.

5201. Short-term debts by willing credit.

5208. Debts for discounted effects *.

521. Short-term debts.

522. Short-term debt with sports entities *.

523. Short-term fixed asset suppliers *.

524. Effects to be paid in the short term.

525. Sports entities, effects to be paid in the short term *.

526. Active dividend payable *.

527. Short-term interest on debt with credit institutions *.

528. Short-term interest on debts *.

5208. Debt for discounted purposes *. -Short term debt with credit institutions as a result of the effect discount.

(a) It shall be paid when the effects are deducted, for the amount collected, generally payable to the accounts of subgroup 57 and, for the interest and expenses incurred, generally taken into account 664.

b) Charged:

(b) Due to the effects served by credit, generally, to account 445 and 446.

(b) For the amount of the unserved effects at maturity, with credit to sub-group 57 accounts.

522. Short-term debts with sports entities *. -Those contracted with Federations, the National Professional League and other sports entities, with a maturity of not more than one year.

Your movement is analogous to the one pointed out for account 521.

The amount of debts with sports entities when they are suppliers of goods defined in Group 2 will be included, with due development in the accounts of four or more figures.

523. Suppliers of fixed assets in the short term *. -Deures with suppliers of goods defined in Group 2, except for those contracted with sports entities, with a maturity of not more than one year.

Your move is as follows:

(a) It shall be paid for the receipt in accordance with the goods supplied, from group 2 accounts.

b) Charged:

b) By the implementation of the debts in order to pay, with credit to the account 524.

b) By the cancellation, in whole or in part, of the debts, with credit to the accounts of the subgroup 57.

525. Sports entities, effects to be paid in the short term *. -Deures contracted with Federations, the National Professional League and other sports entities for loans received and other debits with maturity not exceeding one year, instrumented by spin effects, including those that have their origin in supplies of fixed assets.

Your movement is analogous to that pointed out for account 524.

526. Active Dividend to Pay *. -Debt to shareholders for active dividends, be definitive or "on account" of the profit of the year.

a) It will be paid:

(a) For the "on account" dividend to be agreed, with account 557.

(a) For the final dividend, excluding the dividend "on account", when the profit distribution is approved, with account for the account 129.

(a) To agree on the allocation of free express reserves, from the accounts of subgroup 11.

b) Charged:

b) By withholding tax, with credit to account 475.

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

527. Short-term interest in debt with credit institutions *. -Interest to pay, with short-term maturity, of debts with credit institutions.

Your move is as follows:

(a) It shall be paid for the amount of interest accrued during the financial year, including the non-expired, from accounts 662 and 663.

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

528. Short-term interest on debts *. -Interest payable, with short-term maturity of debts, excluding those to be recorded in account 527.

Your move is as follows:

(a) It shall be paid for the amount of interest accrued during the financial year, including the non-expired, from accounts 662 and 663.

b) Charged:

b) By withholding tax, where applicable, with credit to account 475.

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

54. Other temporary financial investments.

540. Temporary financial investments in capital *.

541. Fixed income securities in the short term.

542. Short term credits *.

543. Short-term credits to sports entities *.

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.

540. Temporary financial investments in capital *-short-term investments in capital rights-shares with or without listing on an organised secondary market or other securities-of companies which do not have the consideration of group entities, multigroup or associated.

It will also include the holdings that the entities may have in the Professional Leagues or in other sports entities, when they do not have the consideration of entities of the group, multigroup or associates.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The subscription or purchase shall generally be charged to accounts of subgroup 57 and, where applicable, account 549.

b) It will be paid for the enajenations and in general for the low in inventory with charge, generally, to accounts of the subgroup 57, if there are outstanding disbursements to the account 549 and in case of losses to the account 666.

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. Also included shall be the appropriations which have their origin in operations involving the disposal of fixed assets.

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

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

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 held at the accounts of subgroup 57 and in the case of losses to account 667.

543. Short-term loans to sports entities *. -Loans and other non-commercial loans granted to sports entities, including those formalized by means of rotation with a maturity of not more than one year.

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

Your movement is analogous to the one pointed out for account 542.

It will be included, with due development in the accounts of four or more figures, the amount of credits with origin in operations of the disposal of fixed assets granted to sports entities.

55. Other non-bank accounts.

551. Current account with entities in the group.

552. Current account with associated entities.

553. Current account with partners and administrators.

554. Current account with sports entities *.

555. Items to be applied.

556. Disbursements required on shares.

557. Active dividend to account *.

558. Shareholders for required disbursements. 559. Expense advances to justify *.

551/552/553/554. Current accounts with ... *. Current accounts of cash with partners, administrators, sports entities and any other natural or legal person other than the Bank, banker or credit institution, or debtor or supplier of the entity, and which do not correspond to accounts in participation.

The sum of debtor balances shall be included in the balance sheet asset, and the sum of creditor balances.

Your move is as follows:

They will be charged for the remittances or deliveries made by the entity and will be paid for the receipts in favor of the entity, with credit and charge, respectively, to the accounts of the subgroup 57.

557. Active dividend for account *. -Amounts, of a profit "on account", the distribution of which is agreed by the competent body.

It will figure in the balance sheet liabilities, minoring own funds.

Your move is as follows:

(a) It will be charged when its distribution is agreed upon, with credit to account 526.

(b) It shall be paid for the amount of your balance when the decision on the distribution and application of the benefits is taken, with account taken to account 129.

559. Advances of expenditure to be justified *. -Cantities delivered to the delegates of the entities for expenses arising from the activity and subsequent justification.

It will appear in the balance sheet asset.

Your move is as follows:

(a) The delivery shall be charged on the basis of a sub-group 57 account.

(b) The delivery from the accounts of group 6 which corresponds, and in excess of the case, to the accounts of sub-group 57 shall be paid upon justification.

GROUP 6

Purchases and Expenses

Comprises purchases and expenses necessary for the performance of sports activities, including purchases of services and consumable materials, variation of acquired stock and extraordinary losses of the exercise.

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.

The entities will open in this group the accounts of four or more figures, for the different sports sections, necessary to facilitate the information required in the memory.

60. Shopping.

600. Purchases of sports equipment *.

601. Purchases of medicines and consumer health material *

602. Purchases of propaganda material *.

603. Purchases of other supplies *.

608. Purchases returns and similar transactions.

609. "Rappels" for purchases.

600/601/602/603. Purchases of ... *. -Aprovisioning of the entity of goods included in sub-groups 30, 31, 32 and 33.

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 goods are transported on behalf of the entity, with credit to the accounts of the subgroup 40 or 57.

61. Change in stocks.

610. Stock variation of sports material *.

611. Change in stocks of medicinal products and consumer health material *.

612. Stock variation of propaganda material *.

613. Stock variation of other supplies *.

610/611/612/613. Change in stocks of ... *.-Accounts intended to record, at the end of the financial year, changes between final and initial stocks, corresponding to sub-groups 30, 31, 32 and 33 (sports equipment, medicines and equipment) consumer health, propaganda material and other 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, 32 and 33. The balance resulting from these accounts shall be charged or paid, as the case may be, to account 129.

62. External services.

620. Communications *.

621. Leases and royalties.

622. Repairs and conservation.

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 *.

620. Communications *. -Cantities satisfied by expenses derived from the use of telephones, fax, mails, telegraphs, etc.

629. Other services *. -Those not included in the previous accounts.

This account shall include, among other things, the travel expenses of the non-sports staff of the entity, including those of transport, and the costs of office not included in other accounts.

64. Staff costs.

640. Wages and salaries, sports template *.

641. Salaries and salaries of non-sports staff *.

642. Indemnities *.

643. Social security in charge of the entity *.

644. Contributions to supplementary pension systems *.

649. Other social expenses *. -Staff contributions, whatever the form or concept they are satisfied with; Social Security contributions by the entity and other social expenses.

640. Wages and salaries, sports staff *. -Fixed remunations, image rights, premiums per party and annual premiums, allowances, incentives, etc. of the players and technicians that make up the teams of the entity. Also included in this account will be remuneration in kind (travel, housing, etc.).

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

(a) For the cash payment, with credit to sub-group 57 accounts.

(a) For accruals and unpaid, with credit to account 4650.

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

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

641. Salaries and salaries of non-sports staff *-Fixed and possible non-sports staff (managerial, administrative, other workers).

Your movement is analogous to the one pointed out for the 640 account.

642. Indemnities *. -Cantities that are given to the staff of the entity to resarcirle of damage or injury. Specifically included in this account are severance payments and early retirements.

It will be charged for the amount of the compensation, with credit to the accounts of the subgroups 46, 47 or 57.

643. Social security in charge of the entity *. -Quota of the entity in favor of the Social Security agencies for the various benefits that they perform.

It will be charged for the fees payable, with credit to account 476.

644. Contributions to supplementary pension schemes *.-Amount of contributions due to pension schemes or other similar system of coverage of retirement, invalidity or death situations in relation to the staff of the institution.

a) It will be loaded:

(a) For the amount of annual contributions to pension plans or other similar institutions external to the institution, with credit, generally, to the accounts of subgroups 52 or 57.

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

649. Other social expenses *. -Expenditure of a social nature carried out in compliance with a provision legally or voluntarily by the entity.

Grants to economates and canteens are cited, as an indication; support for schools and vocational training institutions; scholarships for study; premiums for life insurance contracts, accidents, illness, etc., except for the Social Security contributions.

It will be charged for the amount of the expenses, with credit to groups 5 or 7, as they are paid in cash or in other products.

65. Other management costs.

650. Bad commercial credit losses *.

651. Results of operations in common.

6510. Benefit transferred (manager).

6511. Loss supported (participate or non-manager associated).

652. Arbitration rights *.

653. Player acquisition expenses *.

654. Displacements *.

655. Quotas for sports entities *.

656. Participation costs in sports competitions *.

657. Grants to other sports entities *.

658. Sports sanctions *.

659. Other losses in current management *.

650. Bad commercial credit losses *.

Losses by firm insolvencies of Group 4 debtors.

It will be charged for the amount of firm insolvencies, with credit to sub-groups 43 and 44.

652. Rights of arbitration *. -Cantities satisfied to the arbitrators, on the occasion of official competitions, summer trophies, tours, etc., or for their participation in the various sports activities.

It will be charged for the expenses incurred, with credit to the accounts of the subgroups 41 or 57.

653. Player acquisition expenses *. -This account will include all costs of acquiring the services of a certain player, when they are for periods of less than one year.

It will be charged for the expenses incurred, with credit to the accounts of the subgroups 41 or 57.

654. Displacements *.-Transportation expenses, stay in hotels and other expenses incurred as a result of the displacements of sports teams to play games, conduct concentrations, etc.

It will be charged for the expenses incurred with credit to the accounts of the subgroups 41 or 57.

655. Quotas for sports entities *. -Amount of the expenses for membership fees and the derivatives of the relations that these entities maintain with those agencies.

It will be charged for the expenses incurred, with credit to the accounts of the subgroups 41 or 57.

656. Participation expenses in sports competitions *. -Amount of annual fees for rights to participate in sports competitions and that are not susceptible of transmission.

It will be charged, in general, for the amount to be charged to the financial year, with credit to account 274.

657. Grants to other sports entities *. -Amount of those granted to other Sports Entities.

It will be charged for the amount of the subsidy, with credit to the accounts of the subgroups 41 or 57.

658. Sports sanctions *. -It will collect the amount of the penalties that the entity supports and that will be imposed by Sports Organisms as a result of violations committed by the technical team or the sports staff of the entity.

It will be charged for the amount of the penalty, with credit, generally, to the accounts of the subgroups 41 or 57.

659. Other losses in current management *. -Those which, having this nature, do not appear in previous accounts.

67. Losses from fixed assets and exceptional expenses.

670. Losses from intangible fixed assets *.

671. Losses from tangible fixed assets.

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

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

674. Losses from operations with own shares and obligations.

676. Loss from player transfer *.

678. Extraordinary expenses *.

679. Expenses and losses of previous years *.

670/671. Losses arising from the ... * losses arising from the disposal of intangible or tangible fixed assets, or by the reduction in total or partial inventory, as a result of losses due to the irreversible depreciation of such assets, except for produced by the transfer of players, which will be recorded in account 676.

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

676. Losses from the transfer of players *.-Losses produced as a result of the transfer of the players of the entity.

It will be charged for the loss produced in the operation, with credit to account 215. 678. Extraordinary expenses *. -Losses and expenses of significant amounts that are not to be considered periodic when evaluating the future results of the entity.

As a general rule a loss or expense 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 entity operates, meet both conditions following:

Fall outside of ordinary and typical entity activities, and

It is not expected, reasonably, 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, tax or criminal fines and generally imposed penalties as a result of sporting events, which should not be included in the account 658.

68. Endowments for redemptions.

680. Depreciation of establishment expenses.

681. Depreciation of intangible fixed assets *. 682. Depreciation of tangible fixed assets *.

681/682. Depreciation of the fixed assets ... *. -Expression of the effective annual systematic depreciation suffered by the intangible and material immobilized, by its application to the development of sports activities.

To be charged for the financial year, with credit to the accounts 281 and 282.

69. Allocations to the provisions.

690. Allocation to the reversal fund.

691. Allocation to the provision of intangible fixed assets.

692. Provision for the provision of tangible fixed assets.

693. Allocation to the provision of stocks.

694. Provision for the provision for insolvencies of the activity (*).

695. Provision to provision for other operations of the activity *.

696. Provision for the provision for long-term marketable securities.

697. Provision for the provision of long-term credit insolvencies.

698. Provision for the provision for marketable securities in the short term.

699. Provision for the provision of short-term credit insolvencies.

694. Allocation to the provision for insolvencies of the activity *. -Valorative correction, carried out at the end of the financial year, for depreciation of a reversible character in debtors.

It will be charged for the estimated depreciation amount, with credit to the 490, 493, 494, or 495 accounts.

When the second alternative provided for in the account 490, definition and movement of accounts is used, it shall be adapted to that set out in that account.

695. Provision for the provision for other operations of the activity *. -Endowment, carried out at the end of the financial year, for risks and expenses for the return of income and other operations carried out in the development of the activity.

It will be charged for the estimated depreciation amount, with credit to account 499.

GROUP 7

Sales and revenue

Revenue from shares of partners and subscribers, provision of services and other sporting revenues such as transfers and transfers of players, grants, etc., which are the subject of the entity's activity; other income and other benefits of 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.

The entities will open in this group the accounts of four or more figures, for the different sports sections, necessary to facilitate the information required in the memory.

70. Sports revenue *.

700. League Revenue *.

701. Cup Income *.

702. Revenue from international official competitions *.

703. Revenue from other competitions and friendly matches *.

707. Retransmission rights *.

708. Advertising revenue *.

709. Participation in Mutual Sports Bets *.

700/703. Income ... *. -They understand the income received by the different competitions in which the entity participates as a result of the development of its activity, on the occasion of the party celebration, excluding the income of the subgroup 71.

These accounts will be paid for the amount of the corresponding income, from group 4 or 5 accounts.

707. Right of retransmission *. -This account includes the rights that can be obtained from sports broadcasts for various reasons (party, special programs, etc.).

It will be paid for the amount of the corresponding income, from the accounts of groups 4 or 5.

708. Advertising revenue *. -This account comprises the income obtained by the entity from the advertising, either static or dynamic.

It will be paid for the amount of the corresponding income, from the accounts of groups 4 or 5.

709. Participation in Mutual Sports Bets *. -This account includes the rights that correspond to each entity for its participation in the collection of the Mutual Sports Betting.

It will be paid for the amount of the corresponding income, from the accounts of groups 4 or 5.

71. Revenue by subscribers and partners *.

710. Subscriber Revenue *.

711. Income from meats *.

710/711. Income of ... *. -Comprises all the income derived from the social contributions and the credits that are not in concept of "entry" (or similar).

These accounts will be paid for the amount of the income, from the accounts of the subgroups 43 or 57.

73. Jobs performed for the entity.

730. Incorporation into the asset of establishment expenses.

731. Jobs performed for the intangible fixed assets *.

732. Work carried out for the fixed assets.

733. Work carried out for the fixed equipment.

737. Incorporation into the asset of debt formalization expenses.

731. Work carried out for intangible fixed assets *. Expenditure incurred for the creation of the goods covered by sub-group 21.

It shall be paid for the amount of the expenditure that is the subject of inventory, from the accounts of the subgroup 21.

74. Subsidies for exploitation.

740. Official subsidies to the holding *.

741. Grants to the exploitation of Sports Entities *.

742. Other subsidies to the holding *.

Those granted by Public Administrations, Sports Entities, companies or individuals to the object, in general, to ensure minimum profitability or to compensate for operating deficits. In the latter case, those made by the group, multigroup or associated partners or entities shall be excluded.

740. Official subsidies to the holding *. Those received from the Superior Council of Sports, Autonomous Communities and other public entities.

To be paid for the amount of the grant, from the accounts of the subgroups 47 or 57.

741. Subsidies for the exploitation of Sports Entities *.-The received from Federations, the National Professional League and other sports entities.

It will be paid for the amount of the grant, from the accounts 441, 442, 443 or to the accounts of subgroup 57.

742. Other subsidies to the holding *. Those received from companies or individuals.

To be paid for the amount of the grant, from the accounts of the subgroups 44 or 57.

75. Other management revenue.

750. Stock Sales *.

751. Results of operations in common.

7510. Loss transferred (manager).

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

752. Revenue from leases.

754. Fee income.

755. Income from services to staff.

757. Revenue by cession of players *.

759. Other income *.

750. Stock sales *. Income derived from the sale of items, whether sporting or not, susceptible to economic activity.

It will be paid for the amount of the sales, from the accounts of the subgroups 44 or 57.

757. Revenue by disposal of juqers *. Income obtained as a result of the transfer of the entity's players.

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

759. Other income *. This account includes income from raffles, car parks, etc.

It will be paid for the amount of the sales, generally charged to the accounts of subgroup 57.

77. Benefits from fixed assets and exceptional income.

770. Benefits from intangible fixed assets *.

771. Profits from tangible fixed assets.

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

773. Profit from long-term equity holdings of associated entities.

774. Profit from operations with own shares and obligations.

775. Capital grants transferred to the outcome of the financial year.

776. Benefits from player transfer *.

778. Extraordinary income.

779. Income and benefits from previous years.

770/771. Benefits from ... *. -Benefits produced in the disposal of the intangible or material immobilized, except those produced by the transfer of players, which will be recorded in the account 776.

They will be paid for the benefit obtained in the disposal, usually charged to the group 5 accounts that correspond.

776. Benefits from the transfer of players *. -Amount of the profits earned as a result of the transfer of the players of the entity.

It shall be paid for the benefit obtained in the operation, usually charged to the group 5 accounts that correspond.

79. Excess and application of provisions.

790. Excess provision for risks and expenses.

791. Excess supply of intangible fixed assets.

792. Excess supply of the fixed assets.

793. Provision of applied stocks.

794. Provision for insolvencies of the applied activity *.

795. Provision for other operations of the applied activity *.

796. Excess provision for long-term marketable securities.

797. Excess provision for long-term credit insolvencies.

798. Excess provision for marketable securities in the short term.

799. Excess provision for short-term credit insolvencies.

794. Provision for insolvencies of the applied activity *. Amount of the existing provision at the close of the previous year.

It shall be paid for the amount in the preceding financial year, under the accounts 490, 493, 494 or 495.

When the second alternative provided for in the account 490, definition and movement of accounts is used, it shall be adapted to that set out in that account.

795. Provision for other operations of the applied activity *. Amount of the existing provision at the close of the previous year.

To be paid, at the end of the financial year, for the amount provided in the preceding financial year, under account 499.

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 subject to adaptation are included, so that the sections of it that have undergone some change, even the different numbering, are included in their all.

I. Rules for drawing up annual accounts

2. Annual Account Form:

1. The annual accounts shall be drawn up by the administrators within the maximum period of three months from the end of the financial year. For these purposes, the annual accounts shall express the date on which they were formulated and must be signed by all the administrators, in the case of a public limited liability company; if any of them fail to be signed, an indication of the cause shall be given, 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 entity 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 pesetas; however, the values may be expressed in thousands or in millions of pesetas when the magnitude of the figures so advises, in this case it must be indicated In the case of the annual accounts, in any case, they must be clearly worded and show the true image of the assets, the financial situation and the results of the institution.

3. Annual accounts structure.-The annual accounts of the Sports Anonymous Companies, and when so established, of the sports companies that limit the liability of the members, as well as of the other Entities Sports, which without adopting this social form, participate in professional competitions, must adapt to the normal model.

4. Abbreviated Annual Accounts:

1. The entities referred to in Standard 3 may use the models of abbreviated annual accounts in the following cases:

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

That the total assets of the asset does not exceed 300 million pesetas. For these purposes, the total amount shown in the model of the balance sheet shall be taken as total assets.

That the net amount of your annual turnover does not exceed 600 million pesetas.

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

(b) Short-term profit and loss account: Entities where at least two of the following circumstances are met at the end of the financial year:

That the total of the asset items does not exceed 1.2 billion pesetas. For these purposes, the total amount shown in the model of the balance sheet shall be taken as total assets.

That the net amount of your annual turnover does not exceed 2.4 billion pesetas.

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

When an entity, on the date of the end of the financial year, becomes two of the above circumstances 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. Sports entities not mentioned in the previous standard shall 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 entity's assets and the obligations and the own funds that form the liability of the entity, shall be made in 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 preceding financial year shall be adjusted for the purposes of of its presentation in the current exercise.

(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 with group or associated entities, whatever their nature, shall be included in the corresponding assets or liabilities, with the separation of those that do not correspond to group entities or associated, respectively. For these purposes, the associated entities shall also include relationships with multi-group entities.

i) Credit and debt with Sports Entities, whatever their nature, shall be separately from other claims and debts, in the corresponding assets or liabilities.

j) The short-to long-term classification shall be carried out 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.

k) The overall amounts of the rights to property affected by the leasing transactions to be shown in the asset shall be contained in separate headings. For the purposes of the leasing contract, assets intended directly for sporting activity or for other assets shall be set up under the heading 'Rights on sports assets under the financial leasing scheme' and 'Rights on other assets under the financial lease' in the headings B. II and B. III, respectively, of the balance sheet asset.

The debts relating to such transactions shall be entered in separate heading. 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.

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

m) 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. 5 of the balance sheet liability.

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

or) 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'.

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

q) The amount of deferred revenue arising from exclusive contracts covering the transfer of rights shall be entered in an independent heading. For this purpose, a balance sheet item B shall be created with the name 'Deferred income by assignment of rights'.

r) For the debit accounts by transactions of the activity with a maturity of more than one year, item B. VII of the asset shall be created, with the name "Debtors for long-term business operations"; breakdown required.

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

6. th profit and loss account. -The profit and loss account, which includes, with due separation, the income and expenses of the financial year and, by difference, the result of the exercise, 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 structure of the profit and loss account or a change in imputation, the amounts of the the preceding financial year, for the purposes of its submission in the current financial 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 corresponding items to associated entities, relationships with multi-group entities will also be included.

(h) The financial expenses of long-term debt with short maturity shall be included in the Debit, in Pool 6, "Financial expenses and related expenses".

9. Annual business figure.-The net amount of the annual turnover shall be determined by deducting from the amount of the revenue of subscribers and partners, and from the sports revenue corresponding to the ordinary activities of the entity, the amount of the bonuses and other reductions on this income and the amount of value added tax and other taxes directly related to them.

12. Operations with Sports Entities. -It is understood by Sports Entity, the Sports Associations established in article 12 of Law 10/1990, of October 15, of the Sport, which classifies them in: Sports clubs, which a they are classified in elementary sports clubs, basic sports clubs and public limited companies; groups of clubs within the state; sports promotion entities of the state; professional leagues and sports federations Spanish.

For the purposes of the annual accounts, transactions with sports entities shall be included in separate items. However, where the sporting entities comply with the requirements set out in the previous standard to be considered as an entity of the group, associated or multi-group entity, the latter shall be treated for the purposes of the classification of their operations.

13. The intermediate financial statements. -The intermediate financial statements shall be presented in the form and the criteria laid down for the annual accounts; for these purposes, they shall be made without any accounting, for which, where appropriate, the accounting entries for the performance of those financial statements shall be cancelled.

II. ANNUAL ACCOUNTS MODELS

Balance

Exercise .....

Number of Accounts/Assets/Exercise N/Exercise N-1

190, 191, 192, 193, 194,

195, 196/A)/Shareholders (partners) for unrequired disbursements.

B)/Quiesced.

20/I. Establishment expenses.

II. Intangible immobilizations.

215/1. Player acquisition rights.

217/2. Rights to participate in competitions and organization of sporting events.

218/3. Rights to investments made in land or facilities.

2190/4. Advances.

(2910)/5. Provisions.

(2815), (2817), (2818)/6. Redemptions.

III. Other intangible fixed assets.

210, 211, 212, 213, 214/1. Other intangible fixed assets.

2191/2. Anticipates.

(2911)/3. Provisions.

(2810), (2811), (2812),

(2813), (2814)/4. Redemptions.

IV. Tangible fixed assets.

224/1. Sports stadiums and pavilions.

220, 221/2. Other land and buildings.

222, 223/3. Technical installations and machinery.

225, 226/4. Other facilities and furniture and sports equipment.

23/5. Advances and tangible fixed assets.

227, 228, 229/6. Another immobilized.

(292)/7. Provisions.

(282)/8. Redemptions.

V. Financial fixed assets.

240/1. Shares in entities of the group.

242, 244, 246/2. Credits to entities in the group.

241/3. Shares in associated entities.

243, 245, 247/4. Credits in associated entities.

2500, 2501, 2503, 251, 256/5. Portfolio of long-term securities.

2502/6. Long-term participation in sports entities.

255, 2570/7. Credits to sports entities.

252, 253, 254, 2571, 258/8. Other appropriations.

260, 265/9. Deposits and bonds constituted in the long term.

(293), (294), (295), (296),

(297), (298)

198/10. Provisions.

VI. Own actions.

27/C)/Expenses to be distributed in various exercises.

D)/Working assets.

558/I. Shareholders for required disbursements.

30, 31, 32, 33, 407, (39)/II. Stocks.

III. Debtors.

430, 431, 435/1. Subscribers and partners by quotas.

551/2. Group entities, debtors.

552/3. Associated entities, debtors.

441, 442, 443, 446, 448, 554/4. Sports entities, debtors.

440, 445, 447, 449, 553, 559/5. Several debtors.

460, 544/6. Personal.

470, 471, 472, 474/7. Public Administrations.

(490), (493), (494), (495)/8. Provisions.

IV. Temporary financial investments.

530, (538)/1. Shares in entities of the group.

532, 534, 536/2. Credits to entities in the group.

531, (539)/3. Shares in associated entities.

533, 535, 537/4. Credits to associated entities.

5400, 5401, 5403, 541,/5. Short-term portfolio of securities.

546, (549)

5402/6. Short-term holdings in sports entities.

543, 5470/7. Credits to sports entities.

542, 545, 5471, 548/8. Other appropriations.

565, 566/9. Deposits and bonds made up in the short term.

(593), (594), (595), (596),

(597), (598)/10. Provisions.

V. Short-term own shares.

57/VI. Treasury.

480, 580/VII. Adjustments for the time-to-year

Overall (A + B + C + D)

Exercise N/Exercise N-1/Number of accounts/P a s i v o

A)/Own funds.

10/III. Subscribed capital.

110/III. Emission premium.

111/III. Reserve of revaluation.

IV. Reservations.

112/1. Legal reservation.

115/2. Reservations for own shares.

114/3. Reserves for shares of the dominant company.

116/4. Statutory reserves.

113, 117, 118/5. Other reservations.

V. Results of previous exercises.

120/1. Remnant.

(121)/2. Negative results from previous exercises.

122/3. Contributions from partners for loss compensation.

129/VI. Profit or loss (profit or loss).

(557)/VII. Dividend to account delivered in the financial year.

B)/Revenue to be distributed in various exercises.

130, 132/1. Capital grants.

131/2. Capital grants of sports entities.

136/3. Positive differences of change.

135/4. Other income to distribute in various exercises.

C)/Provisions for risks and expenses.

140/1. Provisions for pensions and similar obligations.

141/2. Tax Provisions.

142, 143, 145/3. Other provisions.

144/4. Reversal fund.

(d)/Long-term creditors.

I. Bond issues and other marketable securities.

150/1. Non-convertible debentures.

151/2. Convertible obligations.

155/3. Other debts represented in marketable securities.

170/II. Debt with credit institutions.

III. Debts to group entities and associates.

160, 162, 164/1. Debts to group entities.

161, 163, 165/2. Debts with associated entities.

IV. Other creditors.

174/1. Debts represented for purposes to be paid.

176/2. Sports entities, effects to be paid.

171, 172, 173/3. Other debts.

175/4. Debts to sports entities.

180, 185/5. Bonds and deposits received in the long term.

V. Outstanding disbursements on non-required shares.

248/1. Of entities in the group.

249/2. Associated entities.

259/3. From other entities.

e)/Short-term creditors.

I. Bond issues and other marketable securities.

500/1. Non-convertible debentures.

501/2. Convertible obligations.

505/3. Other debts represented in marketable securities.

506/4. Interest on bonds and other securities.

II. Debt with credit institutions.

520/1. Loans and other debts.

527/2. Interest rates.

III. Debt to group entities and associated with short-term liabilities.

402, 510, 512, 514, 516, 551/1. Debts to group entities.

403, 511, 513, 515, 517, 552/2. Debts with associated entities.

IV. Commercial creditors.

437/1. Advances made by subscribers and partners by quotas.

400, 410, 419/2. Debts for purchases or services.

401, 415/3. Debts represented for purposes to be paid.

416/4. Sports entities, commercial effects to pay.

411, 412, 413/5. Debts to sports entities.

V. Other non-commercial debts.

475, 476, 477, 479/1. Public Administrations.

524/2. Deures represented by effects to be paid.

525/3. Sports entities, effects to be paid.

522, 554, 5280/4. Debts to sports entities.

509, 521, 523, 526, 5281

553, 555, 556/5. Other debts.

4650/6. Remuneration to be paid to the sports staff.

4651/7. Unpaid remuneration for non-sports staff.

560, 561/8. Bonds and deposits received in the short term.

499/VI. Provisions for operations of the activity.

485, 585/VII. Adjustments for the time-to-year

Overall (A + B + C + D + E)

Loss and Profit Account

Exercise .....

Number of accounts/D and b e/Exercise N/Exercise N-1

A) Expenses:

1. Supplies:

600, (6080), (6090), 610 */a) Sports material consumption.

601, 602, 603, (6081), (6082),

(6083), (6091), (6092), (6093),

611 *, 612 *, 613 */b) Other consumption and external expenses.

2. Staff costs:

640, 6420/a) Salaries and salaries of sports staff.

641, 6421/b) Other wages, salaries and assimilated.

643, 644, 649/c) Social loads.

3. Allocations for depreciation of fixed assets:

6810/a) Depreciation of player acquisition rights.

680, 6811, 682/b) Other redemptions.

650, 693, 694, 695, (793),

(794), (795)/4. Change in provisions of the activity and losses of bad loans.

5. Other operating expenses:

62/a) External services.

631, 634, (636), (639)/b) Tributes.

654/c) Displacements.

653/d) Player acquisition expenses.

651, 652, 655, 656, 657, 658,

659/e) Other current management expenses.

690/f) Dotting to the reversal fund.

I. Operating profit (B1 + B2 + B3-A1-A2-A3-A4-A5)

6. Financial expenditure and related expenditure:

6610, 6615, 6620, 6630, 6640/a) By debt to group entities.

6611, 6616, 6621, 6631, 6641/b) By debts to associated entities.

6613, 6618, 6622, 6624, 6632,

6634, 6643, 669, 6623, 6633/c) For debts to third parties and assimilated expenses.

d) For debts with sports entities.

666, 667/e) Losses of financial investments.

6963, 6965, 6966, 697, 698,

699, (7963), (7965), (7966),

(797), (798), (799)/7. Change in the provisions of financial investments.

668/8. Negative differences of change.

II. Positive financial results (B4 + B5 + B6 + B7-A6-A7-A8).

III. Benefits of ordinary activities (AI + AII BI-BII).

691, 692, 6960, 6761, (791),

(792), (7960), (7961)/9. Change in the provisions of intangible fixed assets, material and control portfolio.

670, 671, 672, 673/10. Losses arising from intangible fixed assets, material and control portfolio.

674/11. Losses from operations with own shares and obligations.

676/12. Losses from the transfer of players.

678/13. Extraordinary expenses.

679/14. Expenses and losses of other financial years.

IV. Extraordinary positive results (B8 + B9 + B10 + B11 + B12 + B13-A9-A10-A11 A12-A13-A14).

V. Profit before tax (AIII + AIV-BIII BIV).

630 **, 633, (638)/15. Corporation tax.

16. Other taxes.

VI. Result of the exercise (benefits) (AV-A15 A16).

* With a positive or negative sign based on your balance.

** This account may have a credit balance and therefore item A 15 may have a negative sign.

Number of accounts/H to b e r/Exercise N/Exercise N-1

B) Revenue:

1. Net amount of business figure:

70/a) Sports revenue.

71/b) Revenue by subscribers and partners.

73/2. Jobs performed by the institution for the fixed assets.

3. Other operating income:

75/a) Revenue and other current management.

74/b) Grants.

790/c) Excess of risk and expense provisions.

I. Operating losses (A1 + A2 + A3 + A4 + A5-B1-B2-B3).

4. Income from equity holdings:

7600/a) In entities in the group.

7601/b) In associated entities.

7603/c) In entities outside the group.

5. Income from other marketable securities and fixed assets:

7610, 7620/a) Of entities in the group.

7611, 7621/b) Of associated entities.

7613, 7623/c) Of entities outside the group.

7624/d) Of sports entities.

6. Other interest and income assimilated:

7630, 7650/a) Of entities in the group.

7631, 7651/b) Of associated entities.

7633, 7653, 769/c) Other interests.

7634/d) Of sports entities.

766/e) Benefits in financial investments.

768/7. Positive differences of change.

II. Negative financial results (A6 + A7 + A8-B4-B5-B6-B7).

III. Loss of ordinary activities (BI + BII AI-AII).

770, 771, 772, 773/8. Benefits in the disposal of intangible fixed assets, material and control portfolio.

774/9. Profit from operations with own shares and obligations.

775/10. Capital grants transferred to the outcome of the financial year.

776/11. Benefits from the transfer of players.

778/12. Extraordinary income.

779/13. Income and benefits of other exercises.

IV. Extraordinary negative results (A9 + A10 + A11 + A12 + A13 + A14-B8-B9-B10 B11-B12-B13).

V. Pre-tax losses (BIII + BIV-AIII AIV).

VI. Profit or loss (loss) (BV + A15 + A16).

* With a positive or negative sign based on your balance.

** This account may have a credit balance and therefore item A 15 may have a negative sign.

MEMORY

Memory content

3. Distribution of results. -Information about the proposed profit distribution, according to the following scheme:

Distribution Base/Amount

Loss and Earnings

Remnant

Voluntary Bookings

Reservations

Total

Distribution/Amount

A legal reservation

To special reservations

To voluntary reservations

A

To dividends

A

A loss compensation for previous years

Total

In the case of distribution of dividends to account in the financial year, the amount of the dividend must be indicated and the provisional accounting statement made precept to show the existence of liquidity. sufficient. That accounting statement shall cover a period of one year from the time the dividend distribution is agreed to.

Limitations for dividend distribution. For these purposes, inter alia, the limitations set out in Article 27 of Law 10/1990 of 15 October of the Sport and in Article 22.1 of Royal Decree 1084/1991 of 5 July 1991 on Sports Anonymous Companies shall be taken into account.

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. In any event, the criteria used for capitalisation, depreciation and, where appropriate, consolidation of expenditure incurred on land disposed of in precarious conditions shall be specified.

b) Intangible fixed assets.

b.1) Immobilized sports equipment; indicating the criteria used for capitalization, depreciation, provisions and, where applicable, sanitation.

In addition, the criteria for accounting for leasing contracts on assets that are directly intended for sporting activity will be specified.

b.2) Other intangible fixed assets, indicating the criteria for capitalisation, depreciation, provisions and, where applicable, sanitation.

Justification, if any, for the amortisation of the goodwill over a period of more than five years.

In addition, the criteria for accounting for leasing contracts that should not be included in the previous paragraph 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 work performed by the entity 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 conditions and circumstances for which they were accounted for, as well as the valuation criteria and, in particular, specifying those followed by valuation corrections.

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 entity.

h) Grants; indicating their origin, nature and conditions and the criterion of imputation to results.

i) Provisions for pensions and similar 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 I; 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) Foreign currency transactions; indicating the following:

Criteria for the valuation of foreign currency balances.

A procedure used to calculate the exchange rate in pesetas of assets that are currently or in origin expressed in foreign currency.

Criteria for accounting for change differences.

n) Revenue and expenses.

5. Establishment expenses.-Analysis of the movement of this balance sheet item during the last financial year; indicating the following:

Initial balance.

Additions.

Amortization.

Sanitation.

Final Balance.

In particular, information will always be provided on the expenditure that would have been incurred on temporary land.

If there is any significant departure, by its nature or by its amount, the relevant additional information shall be provided.

6. Intangible fixed assets.

6.1 Sports intangible assets. -Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding accumulated write-downs and provisions, indicating the following:

Initial balance.

Input or endowments.

Increases by transfers or transfers from another account.

Outputs, casualties, or reductions.

Decreases by transfers or transfers to another account.

Final Balance.

The assets intended directly for the sporting activity used under the leasing scheme, to be included under this heading, shall be reported, specifying in accordance with the terms of the contract: either at source, distinguishing the value of the option of purchase, the duration of the contract, years elapsed, the fees paid in previous years and in the year, the outstanding shares and the value of the purchase option.

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.

6.2 Other intangible fixed assets. -Analysis of 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 the concessions, patents, licenses, trademarks and similar acquired for consideration and those created by the entity 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.

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. 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, please indicate:

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 accumulated net revaluations, 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 entities and associated 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 of interest and exchange differences capitalized on the financial year.

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

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

Goods affected by collateral and reversion.

Grants and donations received related to the fixed assets.

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

Specific criteria adopted to assess the assets obtained in tournaments or competitions.

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

7.3 The information in the two preceding paragraphs shall be provided for the assets directly intended for the sporting activity. 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 and associated entity information, detailing:

Denomination, domicile and legal form of the entities 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 entities to which it relates; in that case the omission must be justified.

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

Notifications made in compliance with the provisions of Article 86 of the Recast Text of the Company Law, to the companies involved, directly or indirectly, in more than 10 per 100.

Special mention of compliance with the provisions of Article 9 of Royal Decree 1084/1991 of 5 July on public limited liability companies.

8.3 Other information about:

Amount of fixed income and other similar financial investments, as well as loans, which are due in each of the five years following the end of the financial year and the remainder until their last maturity; by debtors (group entities, associates, sports entities 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 entities in the group, associated 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 entities of the group, 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.-The information set out in the General Accounting Plan will be provided when it is significant for the entity.

10. Own funds:

10.1 Analysis of movement during the exercise of each balance sheet item included in this pool, indicating the origins of increases and causes of decreases, as well as initial and final balances.

The movement of the epigraps of their own actions will also be included.

10.2 The amount of the minimum capital established by the Joint Commission, as provided for in Article 3 of Royal Decree 1084/1991 of 5 July 1991 on Anonymous Sports Companies, Shall Be Indicated.

Furthermore, it will be specifically reported on the fulfillment of the endowment and maintenance of the legal reserve established in Article 22 of Royal Decree 1084/1991, of July 5, on public limited companies.

10.3 Information about:

Number of shares and nominal value of each of them, distinguishing by classes of shares, as well as the rights granted to them and the restrictions they may have. Also, where appropriate, the outstanding disbursements as well as the date of enforceability shall be indicated for each class of shares.

Capital increase in progress indicating the number of shares to subscribe, their nominal value, the issue premium, the initial disbursement, the rights they will incorporate and restrictions they will have, as well as the existence of Preferred subscription rights in favour of shareholders or debenture holders; and the time allowed for the subscription.

Amount of capital authorized by the shareholders ' meeting to be put into circulation by the directors, indicating the period to which the authorization is extended.

Rights incorporated into the convertible bonds and similar financial liabilities, with an indication of their number and the extent of the rights they confer.

Specific Circumstances that restrict the availability of reservations.

Number, nominal value and average purchase price of the entity's own shares held by the institution, or of a third party on behalf of the entity, specifying its intended final destination and the amount of the reserve per acquisition of own actions. The number, nominal value and amount of the reserve corresponding to the own shares accepted as collateral shall also be reported.

The share of capital that, if any, is owned by another entity, directly or through its subsidiaries, when it is equal to or greater than 10 per 100.

Shares of the entity admitted to trading.

11. Grants:

Information on the nature of the grants received, distinguishing their origin and origin.

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

Information on compliance and non-compliance with the conditions attached to the grants.

Special reports on:

Capital grants to finance investments made on land transferred to the entity in precarious conditions.

Grants that constitute a contribution of funds to compensate for loss of assets or losses.

14. Non-commercial debts:

14.1 Breakdown of items D. IV.3 and D. IV.4 of the liabilities side of the balance sheet, "Other debts" and "Deures with sports entities" distinguishing between debts that can be transformed into grants, fixed assets and others.

Breakdown of items E. III.l, E. III.2 and E.V. 4 of the liability of the balance sheet, "Debt to group entities", "Debt to associated entities" and "Deures with sports entities", distinguishing between loans and other debts and debts interests.

14.2 Information, distinguishing between short and long term on:

Amount of the debts that expire in each of the five years following the end of the financial year and up to its cancellation, distinguishing between group entities, associates, sports entities 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 foreign currency debts according to the types of currency in which they are contracted and, where applicable, coverage of differences of exchange, distinguishing between group entities, associates, sports entities and others.

Average interest rate on non-commercial long-term debts.

Amount available on discount lines, as well as credit policies granted to the entity with their respective limits, specifying the willing party.

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, maturity, guarantees, convertibility conditions, etc.).

16. Guarantees committed to third parties and other contingent liabilities:

16.1 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 guarantee classes and distinguishing those related to group entities, associates, sports entities and others. Special mention shall be made of those subrogated guarantees from or to third parties.

16.2 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 the results; if any, the reasons that prevent it will be indicated this assessment and the existing maximum and minimum risks.

16.3 Risk and expense information covered. With particular reference to potential risks inherent in their activity and which have their base and origin in the special circumstances of the market, the existing contracts of the entity with third parties and other possible contingencies. In particular, provisions covering contingencies on player contracts shall be reported.

17. Revenue and expenditure:

17.1 Breakdown of items 2.a "Sports template salaries and salaries" and 2.b "Other wages, salaries and similar" and item 3.a "Depreciation of player acquisition rights" of the loss account and earnings, detailing by homogeneous blocks the totals that would have been accrued among others by the following concepts:

Wages and salaries.

bonuses and bonuses.

Endowment to write down the right to acquire players.

Remuneration for image rights.

Breakdown of item 2.c of the profit and loss account "Social charges", distinguishing between contributions and endowments for pensions and other social charges.

Breakdown of item 4 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.

17.2 Information about:

Services received and provided.

Interest paid and loaded.

Dividends and other distributed profits.

Transactions made in foreign currency, with separate indication of purchases, sales and services received and provided.

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.

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.

17.3 Special reports on:

The distribution of the net amount of the business figure corresponding to each of the entity's ordinary activities, by categories of activities as well as by geographic markets. At least the revenue will be distinguished by domestic and international official competitions and revenue from other competitions and friendly matches.

In the case where they exist, details of contracts that provide third-party financing shall be reported in detail on a part or all of the future revenue of the entity. The policy of recognition of the income of the amounts received in advance shall be indicated in their case, indicating the rate of capitalization that such amounts represent.

18. Other information. -Information about:

Amount of salaries, allowances and remuneration of any kind accrued in the course of the financial year by the members of the administrative body, whatever their cause. This information shall be given in a comprehensive manner by means of remuneration.

The amount of advances and credits granted to all members of the administrative body, indicating the interest rate, essential characteristics and amounts returned, as well as the obligations, shall be broken down. taken on behalf of them as a guarantee.

Amount of pension and life insurance obligations to the former and current members of the administrative body. This information shall be given in a comprehensive manner and with separation of the benefits in question.

Operations in which there is some type of guarantee, indicating the assets affected to them even in the case of liquid availabilities, pointing out in this case the existing limitations of availability.

Any other type of linkage between the entity and the members of its management body or major shareholders that has produced transactions or onerous commitments, to precarious or any other nature with the entity, including the guarantees that they would have provided.

19. Post-shutdown events:

Additional information on events occurring after the closure that do not affect the annual accounts to that date, but whose knowledge is useful-or necessary-for the user of the financial statements.

Additional information on events occurring after the closure of the annual accounts affecting the implementation of the operating business principle.

20. Table of financing-The financial resources obtained in the financial year are described, as well as their implementation or use and the effect of such operations on working capital. For these purposes, the accompanying model must be completed.

Financing table

Exercise .....

Applications/Exercise N/Exercise N-1/Origins/Exercise N/Exercise N-1

1. Resources applied to operations.

2. Expenditure on the establishment and formalisation of debts.

3. Acquisitions of fixed assets:

a) Intangible assets:

(a) Intangible intangible assets.

(a) Other intangible assets.

b) Material assets.

c) Financial assets:

c) Group entities.

c) Associated entities.

c) Sports entities.

c) Other financial investments.

4. Acquisition of own shares.

5. Capital reductions.

6. Dividends.

7. Short-term cancellation or transfer of long-term debts:

(a) Borrowings and other similar liabilities.

b) Of entities in the group.

c) Associated entities.

d) Of sports entities.

e) From other debts.

f) From fixed and other suppliers.

8. Provisions for risks and expenses. /1. Resources from operations.

2. Contributions from shareholders or partners:

a) Contributions from shareholders or partners.

b) For loss compensation.

3. Capital grants:

a) Official capital grants.

b) Other capital grants.

4. Long-term debts:

(a) Borrowings and other similar liabilities.

b) Of entities in the group.

c) Associated entities.

d) Of sports entities.

e) From other debts.

f) From fixed and other suppliers.

5. Disposal of fixed assets:

a) Intangible assets:

(a) Intangible intangible assets.

(a) Other intangible imovilizations.

b) Material Immolizations.

c) Financial assets:

c) Group entities.

c) Associated entities.

c) Sports entities.

c) Other financial investments.

6. Disposal of own shares.

7. Early cancellation or short-term transfer of financial fixed assets:

a) Entities of the group.

b) Associated entities.

c) Sports entities.

d) Other financial investments. ///Total applications over-source applications (increase of circu-lant capital). /Total source excess applications on origins (decrease in working capital).

Circulating capital change/Exercise N: Augments/Decreases/Exercise N-1: Augments/Decreases

1. Shareholders (partners) for required disbursements:

a) Shareholders.

b) Partners.

2. Stocks.

3. Dedures.

4. Creditors.

5. Temporary financial investments.

6. Own actions.

7. Treasury.

8. Adjustments for the time-to-year

Total variation in working capital.

21. Information broken down.-The revenue and expenditure of each of the sports, professional and non-professional sections, which are integrated into the entity, shall be reported. Institutions shall open in groups 6 and 7 the accounts of four or more figures required to provide this information. For this purpose, the details of the accompanying information shall be provided for each of them.

Analytics profit and loss account by sports sections

No. of Accounts/Concepts/By Sports Sections/Exercise N: 1/Amount/%/ 2 /Amount/%/ m/Amount/%/ Total/Amount/%/ Exercise N-1: 1/Amount/%/ 2/Amount/%/ m/Amount/%/ Total/Amount/%

70, 71/+ Net amount of business figure

73/+ Jobs performed by the entity for the quiesced

74/+ Operating Grants

= Activity Revenue

60, 61/-Consumes

= Value Added

75, 790/+ Other revenue

62, 631, 634

(636), (639),

651, 652, 653,

654, 655, 656,

657, 658, 659/-Other operating expenses

64/-Staff expenses

= Gross operating result

68/-Dotations for immobilized redemptions

690/-Reversal Fund Dotations

650, 693,

(793), 694,

(794), 695,

(795)/-Credit insolvencies and variation of activity provisions

= Net operating result

76/+ Financial Revenue

66/-Financial expenses

6963, 6965,

6966, 697,

698, 699

(7963), (7965)

(7966), (797)

(798), (799)/-Dotations for write-downs and financial provisions

= Result of ordinary activities

77/+ Benefits from immobilized and exceptional income

67/-Loss from fixed assets and exceptional expenses

691, 692,

6960, 6961,

(791), (792),

(7960), (7961)/-Variation of the provisions of intangible fixed assets, material and control portfolio

= Result before tax

630, 633,

(618)/± Corporate Taxes

= Result after tax (benefit or loss)

III. MODELS OF ABBREVIATED ANNUAL ACCOUNTS

Short balance

Exercise ..........

Number of Accounts/Assets/Exercise N/Exercise N-1

190, 191, 192, 193, 194, 195, 196/A) Shareholders (partners) for unrequired disbursements

B) Quiesced:

20/I. Establishment expenses

215, 217, 218, 2190, (2910),

(2815), (2817), (2818)/II. Intangible fixed assets

210, 211, 212, 213, 214, 2191,

(2911), (2810), (2811), (2812),

(2813), (2814)/III. Other intangible fixed assets

22, 23, (282), (292)/IV. Tangible assets

240, 241, 242, 243, 244, 245, 246,

247, 250, 251, 252, 253, 254, 255,

256, 257, 258, 26, (293), (294),

(295), (296), (297), (298)/V. Financial assets

198/VI. Own actions

27/C) Expenses to distribute in various exercises

D) Working assets:

558/I. Required disbursements

30, 31, 32, 33, (39), 407/II. Stocks

430, 431, 435, 44, 460, 470, 471,

472, 474, (490), (493), (494),

(495), 544, 551, 552, 553, 554, 559/III. Debtors

53, 540, 541, 542, 543, 545, 546,

547, 548, (549), 565, 566, (59)/IV. Temporary financial investments

-/V. Short-term own shares

57/VI. Treasury

480, 580/VII. Adjustments to the Consolidation

Overall (A + B + C + D)

Number of Accounts/Assets/Exercise N/Exercise N-1

A) Own funds:

10/I. subscribed capital

110/II. Emission premium

111/III. Repricing reserve

112, 113, 114, 115, 116, 117, 118/IV. Reserves

120, (121), 122/V. Previous exercise results

129/VI. Profit or loss (profit or loss)

(557)/VII. Dividend to account delivered in the year

13/B) Revenue to be distributed in various exercises

14/C) Provisions for risks and expenses

15, 16, 17, 18, 248, 249, 259/D) Long-term creditors

400, 401, 402, 403, 41, 437, 465,

475, 476, 477, 479, 485, 499, 50,

51, 52, 551, 552, 553, 554, 555

556, 560, 561, 585/e) Short-term creditors

Overall (A + B + C + D + E)

Short Profit and Loss Account

Exercise ..............

Number of Accounts/MUST/Exercise N/Exercise N-1/Number of Accounts/HABER/Exercise N/Exercise N-1

A) Expenses:/B) Revenue:

60, 61 *

640, 641, 642,

643, 644, 649

68/1. Operating consumption

2. Staff costs:

(a) Wages, salaries and assimilates

b) Social loads

3. Endowments for depreciation of fixed assets/

70.71

73, 74, 75, 790/1. Operating income:

a) Net amount of business figure

b) Other operating income

650, 693, 694, 695,

(793), (794), (795)/4. Change in the provisions of the activity and losses of bad loans

62, 631, 634, (636),

(639), 651, 652,

653, 654, 655, 656,

657, 658, 659, 690/5. Other operating expenses

I. Operating profit (B1-A1-A2-A3-A4 A5)/I. Operating losses (A1 + A2 + A3 + A4 + A5-B1)

661, 662, 663, 664,

669

666, 667

6963, 6965, 6966,

697, 698, 699,

(7963), (7965), (7966),

(797), (798), (799)/6. Financial expenditure and related expenditure:

a) By debts

b) Loss of financial investments

7. Change in provisions on financial investments/

760, 761, 762, 763

765, 769

766

768/2. Financial revenue:

a) Revenue and interest

b) Benefits in financial investments

3. Positive differences of change

668/8. Negative differences of change

II. Positive financial results (B2 + B3-A6-A7-A8)/II. Negative financial results (A6 + A7 + A8-B2-B3)

III. Benefits of ordinary activities (AI + AII BI-BII)/III. Loss of ordinary activities (BI + BII-AI-AII)

691, 692, 6960,

6961, (791), (792),

(7960), (7961)

670, 671, 672, 673

674

676

678

679/9. Change in the provisions of intangible fixed assets, material and control portfolio

10. Losses arising from intangible fixed assets, material and control portfolio

11. Losses from operations with own shares and obligations

12. Loss from player transfer

13. Extraordinary expenses

14. Expenses and losses of other exercises/770, 771, 772, 773

774

775

776

778

779/4. Benefits in the disposal of intangible fixed assets, material and control portfolio

5. Profit from operations with own shares and obligations

6. Capital grants transferred to the outcome of the financial year

7. Benefits from player transfer

8. Extraordinary revenue

9. Income and benefits of other exercises

IV. Extraordinary positive results (B4 + B5 + B6 + B7 + B8 + B9-A9-A10-A11-A12-A13-A14)/IV. Negative Extraordinary Results (A9 + A10 + A11 + A12 + A13 + A14-B4-B5-B6-B7-B8-B9)

V. Profit before tax (AIII + AIV-BIII BIV)/V. Losses before tax (BIII + BIV AIII-AIV)

630 * *, 633, (638)/15. Corporation Tax

-/16. Other taxes

VI. Result of the exercise (benefits) (AV-A15-A16)/VI. Profit or loss (loss) (BV + A15 + A16)

* With a positive or negative sign based on your balance.

** This account may have a credit balance and therefore the A15 item may have a negative sign.

ABBREVIATED MEMORY

Abbreviated Memory Content

3. Distribution of results. -Information about the proposed profit distribution, according to the following scheme:

Distribution Base/Amount

Loss and Earnings

Remnant

Voluntary Bookings

Reservations

Total

Distribution/Amount

A legal reservation

To special reservations

To voluntary reservations

A

To dividends

A

A loss compensation for previous years

Total

In the case of distribution of dividends to account in the financial year, the amount of the dividend must be indicated and the provisional accounting statement made precept to show the existence of liquidity. sufficient. That accounting statement shall cover a period of one year from the time the dividend distribution is agreed to.

Limitations for dividend distribution. For these purposes, inter alia, account shall be taken of the limitations set out in Article 27 of Law 10/1990 of 15 October of the Sport and of Article 22.1 of Royal Decree 1084/1991 of 5 July 1991 on Sports Anonymous Companies.

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. In any event, the criteria used for capitalisation, depreciation and, where appropriate, consolidation of expenditure incurred on land disposed of in precarious conditions shall be specified.

b) Intangible fixed assets

b.1) Immobilized sports equipment; indicating the criteria used for capitalization, depreciation, provisions and, where applicable, sanitation.

In addition, the criteria for accounting for leasing contracts on assets that are directly intended for sporting activity will be specified.

b.2) Other intangible fixed assets, indicating the criteria for capitalisation, depreciation, provisions and, where applicable, sanitation.

Justification, if any, for the amortisation of the goodwill over a period of more than five years.

In addition, the criteria for accounting for leasing contracts that should not be included in the previous paragraph 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 work performed by the entity 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 conditions and circumstances for which they were accounted for, as well as the valuation criteria and, in particular, specifying those followed by valuation corrections.

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 entity.

h) Grants; indicating their origin, nature and conditions and the criterion of imputation to results.

i) Provisions for pensions and similar 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 l; indicating the accounting criterion and carrying out 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) Foreign currency transactions; indicating the following:

Criteria for the valuation of foreign currency balances.

A procedure used to calculate the exchange rate in pesetas of assets that are currently or in origin expressed in foreign currency.

Criteria for accounting for change differences.

n) Revenue and expenses.

6. Own funds:

When there are several classes of shares, the number and nominal value of the shares belonging to each of them will be indicated.

The amount of the minimum capital established by the Joint Commission, as provided for in Article 3 of Royal Decree 1084/1991 of 5 July 1991 on Anonymous Sports Companies, Shall Be Indicated.

In addition, it will be specifically reported on the fulfillment of the endowment and maintenance of the legal reserve established in Article 22 of Royal Decree 1084/1991, of July 5, on Sports Anonymous Societies.

8. Entities of the group and associates. -The denomination, domicile and legal form of the entities in which the entity is a collective partner or in which it has, directly or indirectly, at least 3 per 100 of the capital for those entities 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.

9. Expenditure and revenue: Breakdown of item 2.b of the profit and loss account (short model), "Social charges", distinguishing between contributions and endowments for pensions and other social charges.

Breakdown of item 4 of the profit and loss account (abbreviated model), "Variation of the activity provisions and losses of bad loans", distinguishing between failed and the change in the provision for insolvencies.

In the event that they exist, details will be reported on those contracts that provide third-party financing with commitments on some or all of the entity's future revenues. The policy of recognition of the income of the amounts received in advance shall be indicated in their case, indicating the rate of capitalization that such amounts represent.

11. Information broken down.-The revenue and expenditure of each of the sports, professional or non-professional sections, which are integrated into the entity, shall be reported. Institutions shall open in groups 6 and 7 the accounts of four or more figures required to provide this information. For this purpose, the details of the accompanying information shall be provided for each of them.

Analytics profit and loss account by sports sections

No. of Accounts/Concepts/Exercise N: 1/Amount/%/ 2/Amount/%/ m/Amount/%/ Total/Amount/%/ Exercise N-1: 1/Amount/%/ 2/Amount/%/ m/Amount/%/ Total/Amount/%

70, 71/+ Net amount of business figure

73/+ Jobs performed by the entity for the quiesced

74/+ Operating Grants

= Activity Revenue

60, 61/-Consumes

= Value Added

75, 790/+ Other revenue

62, 631, 634

(636), (639),

651, 652, 653,

654, 655, 656,

657, 658, 659/-Other operating expenses

64/-Staff expenses

= Gross operating result

68/-Dotations for immobilized redemptions

690/-Reversal Fund Dotations

650, 693,

(793), 694,

(794), 695,

(795)/-Credit insolvencies and variation of activity provisions

= Net operating result

76/+ Financial Revenue

66/-Financial expenses

6963, 6965,

6966, 697,

698, 699

(7963), (7965)

(7966), (797)

(798), (799)/-Dotations for write-downs and financial provisions

= Result of ordinary activities

77/+ Benefits from immobilized and exceptional income

67/-Loss from fixed assets and exceptional expenses

691, 692,

6960, 6961,

(791), (792),

(7960), (7961)/-Variation of the provisions of intangible fixed assets, material and control portfolio

= Result before tax

630, 633,

(618)/± Corporate Taxes

= Result after tax (benefit or loss)

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.

3. Special rules on fixed assets. -In particular, the rules that are expressed in respect of the goods that are indicated in each case shall apply:

(a) Unbuilt Solares.-The purchase price shall include the costs of packaging such as closures, movement of land, drainage and drainage works, as well as the demolition of buildings where necessary for be able to carry out works of a new plant; and also the costs of inspection and lifting of plans when carried out with character prior to its acquisition.

(b) Constructions. -They will be part of their purchase price or production cost, in addition to all those facilities and elements that have a permanent character, the fees inherent in the construction and the fees Project and project practitioners. The value of the land and the buildings and other buildings must be shown separately.

(c) Technical facilities. -Your valuation shall include all acquisition costs, and construction costs up to and including operating conditions.

(d) Stadieu and pavilions. -They will be part of their purchase price or cost of production, in addition to all those facilities and elements that have a permanent character, the fees inherent in the construction and the fees Project and direction of work. The value of the land will be included in this price.

(e) The expenditure incurred during the financial year in respect of the works and works which the institution carries out for itself shall be charged to the accounts corresponding to Group 6. The accounts of sub-group 22 and the end of year accounts 230/237 shall be charged for the amount of such accounts

expenses, with credit to sub-group 73 accounts.

(f) The costs of renewal, extension or improvement of tangible fixed assets shall be incorporated into the asset as a higher value of the asset as they result in 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.

g) Sporting trophies. -They may be valued by the entity and appear as fixed assets when they meet the following conditions:

That the venal value of its components is significant and that it is the result of an expert assessment.

That such value is not subject to revaluations or is subject to systematic depreciation (amortization).

5. Special Rules on Intangible Immobilized. -In particular, the rules that are expressed in respect of the goods and rights that are indicated in each case shall apply:

(a) Industrial property: All expenses incurred in obtaining the industrial property, including the cost of registration and formalization of the same, shall be accounted for in this concept.

(b) Trade Fund: They may be included in the asset only if their value is disclosed under an onerous acquisition.

The goodwill should be amortised in a systematic manner, not being able to exceed the period during which that fund contributes to the collection of income, with the maximum limit of ten years. Where the period exceeds five years, the extension of the period shall be justified in memory, subject to the maximum limit of 10 years.

(c) Transfer rights: They may be included in the asset only if their value is disclosed 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.

(d) Computer programs shall be included in the asset only in cases where the use of the computer software is planned for several years.

In no case can the maintenance costs of the IT application be included in the asset.

The amortisation of these assets will be carried out in a systematic manner as soon as possible, not exceeding the five years in any case.

e) Players ' acquisition rights: The amount due to the acquisition of a given player (national or foreign) from another entity is understood by player acquisition rights.

This amount will include all the commitments made by this concept.

This amount is independent of the contract that can be signed between entity and player for the provision of its services.

The amortisation of these rights will be carried out according to the length of time established in each contract.

(f) 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, shall be counted as expenses to be distributed in several 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 amortisation shall be debited from accounts, thereby becoming part of the value of the asset acquired.

The expenses to be distributed in various exercises will be attributed to results according to a financial criterion.

(g) Where, by reason of 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.

h) Rights to participate in competitions: Rights to participate in competitions are considered the amounts satisfied to other entities for the acquisition of the rights of participation in the official competition of the League Professional. They may be included in the asset only where the value of the asset is evidenced by an onerous acquisition and never when it is of a periodic fee.

Given the characteristics of the rights of participation in competitions it is advisable to write them down in a systematic way in the shortest possible time, not exceeding in any case the five years.

The extraordinary depreciation should also be accounted for in the event of the fall in the category of the sports team, or the loss of the right to participate in the official competition for any reason, amount to be amortised.

(i) Rights on the organisation of sporting events: They shall be directly in the asset where their value is disclosed under an onerous acquisition; however, at the end of the financial year, they may also be entitled (a) the costs incurred in obtaining rights relating to the organisation of sporting events shall be activated as immobilised, where there are reasonable grounds for their achievement. These rights shall be amortised in a manner analogous to the goodwill.

(j) Rights on investments made in land or facilities transferred: investments made by the entity on leased land or facilities, obtained by concessions, shall be accounted for in this concept. administrative or any other type of contractual assignment, where such investments are not separable from such land or facilities, provided that they increase their capacity, productivity or long-life extension. The depreciation of these assets shall be made on the basis of their useful life or the duration of the transfer contract if this is less.

6. th Establishment expenses. -Establishment expenses shall be valued for the purchase price or production cost of the goods and services that constitute them. In particular the following rules shall apply:

(a) The following shall be taken into account for the costs of incorporation and capital increase: fees of lawyers, notaries and registrars; printing of memories, bulletins and titles; taxes; advertising; commissions and other expenses (ii) the provision of securities; etc., occasioned by the constitution or the extension of capital.

(b) The following shall be considered as first-establishment expenses: Fees, travel expenses and other expenses for prior technical and economic studies; launch advertising; recruitment, training, and distribution of staff, etc., occasioned by the establishment.

(c) They shall have the consideration of the costs of installation and conditioning of land disposed of in a precarious manner, the investments made by the entity on such grounds as long as they are not separable from them and are as the start of the activity or an extension of its operational capacity and before its activity starts or resumes. In the event that the land was reinvested before the time limit for the amortisation fixed for the investments made, the capitalised costs must be incurred directly for losses in the year in which the land is produced. reversal.

Establishment costs must be amortised systematically within a period of no more than five years.

7. th Expenses to be distributed in various exercises. -The following rules apply:

1. Expenditure on the formalisation of debts. -Expenditure on the formalisation of debts shall be valued for its purchase price or cost of production.

In principle, these expenses should be affected to the financial year corresponding, exceptionally, these expenses may be distributed in several financial years, in which case they will be imputed to results during the maturity of the (a) the amount of the debt and the amount of the debt to be incurred in accordance with a financial plan; in any event, the debt to which the debt is amortised shall be fully charged.

2. Deferred interest expense. -Deferred interest expense shall be valued for the difference between the redemption value and the issuance value of the debts to which they correspond.

Such expenses will be charged to results during the maturity of the corresponding debts and in accordance with a financial plan.

3. Image rights of players. -Expenses derived from this type of contract will be attributed to results proportionally to the duration of the contract, and will have the consideration of salaries and salaries of the sports staff.

4. Franchise contracts. -The costs arising from this type of contract in relation to the rights of participation in competitions shall be imputed to results in proportion to the duration of the contract. The extraordinary loss shall be accounted for in the event of a fall in category, if it occurs before the end of the contract.

12. Debtors and creditors of the activity. -They will be in the balance sheet at face value. Interest on the nominal amount of the loans and debits for operations of a maturity of more than one year shall be recorded in the balance sheet as "Revenue to be distributed in various financial years" or " Expenses to be distributed in several 'financial year', respectively, each year, with the result of a financial criterion.

The valuation corrections to be made shall be made, with the corresponding provisions, where appropriate, provided for the risk of any insolvencies arising from the recovery of the assets in question.

L3. Stocks:

1. Valuation.-Goods included in stocks should be valued at the purchase price or production cost.

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 will be determined by adding to the purchase price of 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.

4. Value adjustments. -Where the market value of a good or any other value corresponding to it is lower than its purchase price or production cost, it shall make value adjustments, 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 goods and finished goods, their value for completion, deducted from the corresponding marketing costs.

(c) For the products in progress, the value for the completion of the corresponding finished products, deducted all the manufacturing costs to be included and the marketing costs.

However, the goods which have been the subject of a contract of sale on a firm whose fulfilment must subsequently take place shall not be the subject of the valuation correction 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 outstanding costs of making necessary 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 appropriate 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 refreshed;

b) That its overall value and composition do not vary significantly, and

c) That such a global value is of secondary importance to the enterprise.

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.

l4. Foreign currency exchange differences:

1. Tangible and intangible fixed assets. -As a general rule, their conversion into national currency 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. -Their conversion into national currency shall be made by applying to the purchase price or production cost the exchange rate in force on the date of each acquisition, and this valuation shall be the one used if the acquisition is applied. a specific identification method for the valuation of stocks, as if the weighted average price, FIFO, LIFO or similar methods 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 foreign currency, the exchange rate in force at that date shall apply for the conversion into national currency.

3. Variable income securities. -Their conversion into national currency shall be made by applying to the acquisition price the exchange rate prevailing 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 national currency of the foreign currency and other liquid assets held by the entity shall be made by applying the exchange rate in force at the date of incorporation into the assets. 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 conversion into national currency of fixed income securities as well as foreign currency credits and debits shall be carried out in accordance with the exchange rate in force at the date of the operation. 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 have official convertibility in Spain 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.-By application of the principle of the purchase price, foreign exchange differences should not be considered as rectifications of the purchase price or the cost of production of the fixed assets. However, where differences in exchange occur in foreign currency debts over a period of more than one year and are intended for the specific financing of the fixed assets, it may be possible to incorporate the potential loss or gain as a greater or lower cost of the corresponding assets, provided that each and every one of the following conditions is met:

That the debt-generating debt has been used unequivocally to acquire a specific and perfectly identifiable fixed asset.

That the period of installation of said fixed assets is greater than twelve months.

That the change in the exchange rate occurs before the immobilized is in operating conditions.

That the amount resulting from the incorporation at the cost does not exceed in any case the market value or the replacement 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.

16. Corporation tax. -For the accounting of the Company Tax, will be considered the differences that may exist between the accounting result and the tax result, understood as the tax base of the tax, provided that must have the following causes:

Differences in the definition of expenditure and revenue between the economic and tax fields.

Differences between the temporary allocation criteria for revenue and expenditure used in those areas.

The admission in the tax field of the compensation of negative taxable bases of previous years.

For these purposes, the following differences can be distinguished:

"Permanent Differences": Those produced between the tax base and the accounting result before tax for the financial year that do not revert in subsequent periods, excluding offset losses.

"Temporary Differences": The existing between the tax base and the accounting result before tax of the year whose origin is in the different temporary imputation criteria used to determine both magnitudes and therefore revert in subsequent periods.

The "offset losses", for the purposes of determining the tax base.

The expense to be recorded by the Company Tax will be calculated on the economic outcome before tax, as modified by the "permanent differences".

The "time differences" and the offset losses shall not change the economic result for the purposes of calculating the amount of the Corporate Tax expense of the financial year.

The existence of tax-compensable losses will give rise to a tax credit that represents a lower tax payable in the future.

For the accounting of the Corporate Tax, it will also be necessary to consider that the bonuses and deductions in the tax quota, excluding deductions and payments on account, will be considered as a minorization in the amount of the accrued corporate tax.

In accordance with the above criteria, the amount to be accounted for by the accruals tax in the financial year shall be calculated by performing the following transactions:

The "adjusted accounting result" will be obtained, which is the pre-tax economic result of the exercise plus or minus the "permanent differences" that correspond to it.

The amount of gross tax will be calculated by applying the tax rate for the financial year on the "adjusted accounting result".

Finally, the amount of the "gross tax", whether positive or negative, will be subtracted or added, respectively, from the allowances and deductions in the quota, excluding deductions and payments on account, to obtain the Tax on accrued companies.

The tax credit as a result of the tax loss compensation shall be calculated by applying the tax rate of the financial year to the negative tax base of the financial year.

The differences between the Company's tax payable and the expense of such a tax, as well as the tax credit for the tax compensation of losses, to the extent that they have a certain interest with respect to the burden Future tax, will be recorded in the accounts 4740-tax on anticipated benefits-, 4745-credit for losses to compensate for the financial year ...-and 479-tax on deferred profits.

When the modification of the tax legislation or the evolution of the economic situation of the entity gives rise to a variation in the amount of the pretax, tax credits and deferred taxes, will proceed to adjust the balance of the aforementioned accounts, with the result that the income or expenditure, as appropriate, is derived from such adjustment.

In accordance with the principle of prudence, only pre-tax and tax credits, whose future performance is reasonably assured, will be counted in the 4740 and 4745 accounts, and those other taxes will be lowered. Those who have any logical doubts about their future recovery.

However, the foregoing may be considered as income or expense of the tax portion corresponding to the permanent differences; likewise, deductions and allowances in the quota may be considered as income, excluding holds and payments on account. Such revenue and expenditure may be subject to a reasonable assessment of the conditions.

l7. Purchases and other expenses. -In the accounting of purchases of goods and other goods to resell them, as well as in that of the expenses for services, 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) Discounts and similar discounts granted to the entity for early payment, including or not on the invoice, shall 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.

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.

18. Sales and revenue.-In the accounting of revenue the following rules will be taken into account:

(a) Revenue shall be accounted for without including the taxes on these transactions. Where appropriate, the costs incurred by the institution, including the transport by the institution, shall be taken into account in the accounts of Group 6, without prejudice to the following points.

b) Discounts and similar bills included in invoices that do not obey soon to be paid will be considered as lower income.

(c) Discounts and similar discounts that are granted by the entity for early payment, whether or not included in the invoice, shall be considered as financial expenses.

d) Discounts and similar ones based on having reached a certain volume of orders and those other that are subsequently granted to the issue of the invoice originated by quality defects, non-compliance with the deadlines or other similar causes shall be taken into account in separate accounts which shall be created for that purpose.

In particular, the accounting of other services revenue will be made taking into account the following rules:

(a) In general, revenue from sporting events should be recognised where such acts of production are concerned.

(b) Income from fertilizers and meat shall be recognised as income in the period to which they correspond. For these purposes, the corresponding periods shall be carried out.

In the accounting of the profits from the disposal of fixed assets or temporary financial investments, the expenses inherent in the operation shall be included as a lower amount.

21. Deferred revenue by transfer of rights.-In contracts for the transfer of a set of rights for a global price, the allocation of the revenue to each of them shall be made on the basis of the estimated value of each of the rights transferred. Where the contract for the transfer of rights is for a period of time exceeding the economic year, each of the financial years shall be charged against each of the financial years in accordance with the estimated value of that right for each of the future financial years; As a general rule, a degressive imputation shall not be admissible unless it is justified and explained in the memory. In any event, the criteria for the allocation of this revenue must be included in the memory.

22. Plan for Sanitation. -In the framework of the Convention on the Sanitation of Professional Football, the extraordinary annual quotas that the limited liability companies must pay each year to the National League of Professional Football, during a period As long as there is no reduction in these companies to the second division or to a lower category, they must be reflected in a specific item within the extraordinary profit and loss account results.

In addition, the process of consolidation of the club carried out under the provisions of Law 10/1990 must be described in the memory, and the amount of the annual contributions that it has to perform must be mentioned.

23. Changes in accounting criteria and estimates. -For the application of the principle of uniformity, the criteria for accounting for one year to another shall not be modified except for exceptional cases which shall be indicated and justified in memory and always within the criteria authorised 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.

24. Generally accepted accounting principles and standards. -Generally accepted accounting principles and standards are those set out 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 the case of accounting, establish the Accounting and Audit Institute of Accounts, and

(d) Other legislation that is specifically applicable.