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Resolution Of 8 October 2013, Of The Presidency Of The Court Of Auditors, Which Publishes The Agreement Of The Plenary Of 26 September 2013, Of Approval Of The Plan Of Accounting-Oriented Policies Formations.

Original Language Title: Resolución de 8 de octubre de 2013, de la Presidencia del Tribunal de Cuentas, por la que se publica el Acuerdo del Pleno de 26 de septiembre de 2013, de aprobación del Plan de Contabilidad Adaptado a las Formaciones Políticas.

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TEXT

Organic Law 8/2007 of 4 July 2007 on the financing of political parties, in its Additional Provision 8, provides for the drawing up by the Court of Auditors of a specific plan of accounts for training policies, which must be approved by the Court prior to analysis and debate by the Joint Committee on Relations with the Court of Auditors.

For the elaboration of the Accounting Plan Adapted to Political Formations, the Court of Auditors has counted on the collaboration of the Accounting and Audit Institute of Accounts, as well as with legal experts. Constitutional, Financial and Tax Law and Accounting.

The Joint Congressional-Senate Committee for Relations with the Court of Auditors analyzed the Draft Plan of Accounting Adapted to Political Formations, with the corresponding date of March 12, 2013. resolutions, which have been taken into consideration by the Court of Auditors ' plenary for the final approval of the Accounting Plan Adapted to Political Formations.

Therefore, in application of the additional provision of the 8th of the Organic Law 8/2007 of 4 July 2007 on the financing of political parties, the Court of Auditors is entrusted with drawing up a plan The Court of Auditors, in its plenary session of 26 September 2013, has adopted the following

:

AGREEMENT

First. Approval of the Plan.

1. The approval of the Adapted Accounting Plan to the Political Formations is agreed upon, the text of which is then inserted, once analyzed and discussed the Draft Plan by the Joint Congressional-Senate Committee for Relations with the Court of Justice. Accounts and reviewed by the Court after taking into consideration the contents of the resolutions of the Joint Committee.

Second. Enforcement of the Plan.

1. The Accounting Plan Adapted to the Political Formations will be mandatory for the political parties, federations, coalitions or groups of voters included in the scope of the Organic Law 8/2007 on financing of political parties.

2. However, the accounting movements included in the fifth part of the Accounting Plan and the numbering and denomination aspects of accounts incorporated in the fourth part shall not be binding, except for those containing registration or assessment criteria.

First transient disposition. Application rules in the first exercise that starts from the Plan entry into effect.

The criteria contained in this Accounting Plan Adapted to Political Formations should be applied, in general, with the exceptions that are indicated below.

To this end, the opening balance corresponding to the first financial year starting from the entry into force of this Plan shall be drawn up in accordance with the following rules:

a) The heritage elements shall be reclassified in accordance with the provisions of these rules.

b) These heritage elements will be valued for their value in books.

c). Its value deterioration will be checked on that date.

Without prejudice to the foregoing, the policy formation shall apply retroactively to the rules contained in this adaptation to the operations produced in the field of the materials referred to below, in order to reflect contacably the corresponding balances in the situation balance sheet and allow its subsequent imputation to results according to the criteria contained in the second part of this Plan:

-Finalist grants for the acquisition of assets and the financing of specific expenses.

-Non-monetary donations and legacies.

-Assets and rights of patrimonial content and non-monetary nature restored to political formation under the provisions of Law 43/1998.

-Debt operations.

The adjustments to be made to comply with all of the above will have as a counterpart an account of surplus from previous years.

The annual accounts for the first financial year starting from the entry into force of this Plan shall be considered as initial annual accounts and no comparative figures shall be reflected in the annual accounts.

Without prejudice to the foregoing, the balance sheet and the profit and loss account for the annual accounts of the previous year shall be reflected in the Annual Accounts Report.

Also, in the Memory of the initial annual accounts, a section will be created with the name "Aspects of the transition to the new accounting rules", which will include an explanation of the main differences between the accounting criteria applied in the previous year and the current ones, as well as the quantification of the impact that this variation of accounting criteria produces on the net worth of political training. In particular, a reconciliation covering the date of the opening balance shall be included.

However, political training may present comparative information from the previous financial year adapted to this Accounting Plan, in order to prepare a balance sheet for the opening of the preceding financial year in accordance with the new criteria.

Second transient disposition. Rules in relation to consolidated annual accounts.

1. While the Plan aims to achieve the formulation of consolidated information in order to achieve the objective of the faithful image of the entire organization implemented by the training to carry out its political activity, there are reasons that advise that this process is carried out in a gradual manner, with the intention of this Court that within two years the implementation of the elaboration and formulation of the consolidated annual accounts will take place.

2. To this end, the political formations will be able to integrate into their annual accounts for 2016, by consolidation, in the terms of Royal Decree 1159/2010 of 17 September, approving the rules for the Consolidated Annual Accounts, information on the companies controlled by the political parties.

3. In addition, the political groups will be able to integrate the information concerning the related foundations into their annual accounts for the financial year 2016. The final decision for the entry into force of the consolidation obligation shall be adopted by the Court of Auditors in the light of the progress of the development of the consolidation rules for foundations.

4. Until the consolidation or aggregation obligation provided for in the above points enters into force, the political formations shall report on the activity of the companies controlled by the companies and the related foundations in the 'Other information', indicating in particular the volume of revenue received, as well as the contributions made by any concept to the political formations of which they are dependent or to which they are located. linked, respectively.

Single end disposition. Entry into force.

This Plan shall enter into force on 1 January 2014 and shall apply for the financial years starting from that date.

Madrid, October 8, 2013.-The President of the Court of Auditors, Ramón Álvarez de Miranda García.

ACCOUNTING PLAN TAILORED TO POLICY FORMATIONS

INTRODUCTION

I

Political parties play a significant role in the functioning of the democratic state, as evidenced by the widespread incorporation into the various constitutional texts of references to their functions and organisation. In this sense, the Spanish Constitution of 1978 states in its sixth article that these formations are a vehicle of expression of political pluralism, contributing to the formation and manifestation of the will of the people and being an instrument fundamental for citizen participation in political life.

Despite the importance of these functions, their nature as private associations, freely constituted, is not altered as it has been confirmed in various judgments of the Constitutional Court, in which it manifests itself. that, despite the public dimension that they acquire the functions assumed by them, they are not organs of the State, position that has been expressly collected in our legal order. Thus, the Organic Law 6/2002, of 27 June, of Political Parties, in its explanatory statement, took a clear view of this approach by pointing out that, although political parties are not constitutional bodies but private entities with an associative basis, they are an essential part of the constitutional architecture and perform functions of a primary constitutional importance, expressly recognizing that the parties are fundamental instruments of state action.

As a result of these considerations, the doctrine on the role and meaning of the political parties in the functioning of the Spanish democratic system has been consolidated, being defined as private organizations of constitutional relevance. This concept aims to bring together the importance given to the political parties in the Spanish constitutional regime and the submission to the private regime of the associations.

At present, the configuration established in the Constitution in relation to the political parties is basically developed in the aforementioned Organic Law 6/2002, of June 27, of political parties, and in the Law Organic 8/2007, July 4, on the financing of political parties, which amended the previous Organic Law 3/1987 on this same subject, and, finally, and with regard specifically to the electoral activity, in the Organic Law 5/1985, of 19 June, of the General Electoral Regime, and in the electoral laws of the corresponding Autonomous Communities.

In particular, the Organic Law 8/2007, provides in its Additional Provision eighth the elaboration by the Court of Auditors of a specific accounting plan for the political formations, respecting, in any case, the limits and provisions of the Law, in accordance with the criteria that the Court has stated in the various reports of the Fiscalization of Political Parties.

In order to develop the general conceptual foundations on which the accounting rules of these formations should be based, the Court of Auditors ' plenary session, held on 24 June 2010, adopted the Framework for the of the financial information of the political parties, a document that has served as a basis for the elaboration of this Plan of Accounting, together with the criteria approved by the Court of Auditors for the audit of the accounting The election results from the successive electoral processes held in the Spanish territory.

The national legislative framework and the above mentioned background must be added to the initiative undertaken by the European Community bodies in relation to the parties involved in this field and which takes its utmost expression through the Regulation (EC) No 2004/2003 of the European Parliament and of the Council of 4 November 2003 on the regulation of rules on the statute and financing of political parties at European level (as amended by the Regulation) (EC) No 1524/2007 of the European Parliament and of the Council of 18 December 2007) and different conclusions and recommendations adopted by the Group of States against Corruption of the Council of Europe (GRECO) aimed at Member States in order to achieve greater transparency in the field of party financing politicians.

In this normative context, for the purposes of this Accounting Plan, the expression political party or political formation must be understood in the broadest terms referred to in Article 1 of the Organic Law 8/2007, July 4, understanding both the political parties in their strictest acceptance and the different federations, coalitions or groups of voters.

II

The singular configuration of political parties as private associations that fulfill a transcendental public function in our democratic system represents a significant reference for the establishment of the Framework Conceptual of the financial information to be developed by these entities. Thus, among the features of the economic and legal environment that directly affect the aforementioned information, it is worth highlighting the aspects related to the creation and dissolution of the political parties; with their organization, operation and activities; and with its funding, the most relevant aspects of which have been taken into account for the preparation of this Accounting Plan.

The regulation of political parties, which is provided for in the Organic Law 6/2002 of 27 June, respects the principle of minimum intervention that follows from the Constitution itself, and the principle of positive freedom of creation, establishing that the Spanish will be able to create political parties freely, without the requirement in the aforementioned Law for the constitution of the same to establish the obligation to contribute initially a capital or endowment The Foundation's founding, in contrast to the rules governing companies and foundations, respectively. This extreme conditions the content of the financial information of the political parties to the extent that the patrimony of the political parties will be generated by their ordinary and electoral activity.

In particular, the registration in the Register of Political Parties confers on the party legal personality; it publishes its constitution and its statutes; it binds the public authorities and it is a guarantee for the third parties that relate to the same. This registration produces effects indefinitely as long as its suspension or dissolution is not noted, either by notification of the decision agreed by the party itself in accordance with the statutory provisions, or by being declared judicially illegal and dissolved or suspended.

The internal democracy required in the Spanish Constitution translates into the requirement that these formations should establish their organization and their internal functioning by means of rules that permit the participation of the members in the management and control of the governing bodies and through the recognition of rights and privileges to the members in order to achieve their participation in the formation of the party's will.

To finalize these brief notes on the legal nature of the political parties, which logically condition the subsequent accounting record, it should be noted that while they may freely exercise their activity, which extends to different territorial areas generally related to the electoral constituencies in which they submit applications, coinciding with the territory of the Spanish State, with that of one or more Autonomous Communities, or with that of the field Municipal Law 8/2007 limits these actions to the political sphere, prohibiting political parties from developing activities of a commercial character of any kind.

III

In the exercise of the rating attributed to the Court of Auditors by the eighth additional provision of Law 8/2007, the Accounting and Audit Institute of Accounts and the Court signed the appropriate agreement, in which A working group was set up to draw up the preliminary draft which would serve as a basis for the subsequent drafting of these rules, involving representatives of the two institutions, experts in constitutional law, law and order. Financial and Tax and Accounting, who have contributed their valuable knowledge to normalize the accounting obligations of these private associations of constitutional relevance.

It follows from the above that this text is the work of a set of experts who have tried to combine double vision, i.e. looking for the solutions that have been considered most suitable in the framework of the Plan of companies and non-profit-making entities, and, in particular, that is, in the light of the uniqueness that their legal framework of reference introduces in this accounting subject.

The Accounting Plan of the political formations has the same structure as the General Accounting Plan. According to the above, five parts are included:

-Accounting Conceptual Framework

-Registration and Valuation Rules

-Annual accounts

-Account table

-Accounting definitions and relationships

The first part, the Conceptual Framework of Accounting, establishes the fundamental premises for accounting for the operations carried out by the political formations, subsequently developed in the second and third parts of the Plan. In its drafting, the document "Framework of the Financial Information of Political Parties" adopted by the Court of Auditors, and the legal regulation contained in Article 14 of the Organic Law 8/2007, has been broken down. Paragraph 5 provides that the annual accounts are composed of the balance sheet, the profit and loss account and an explanatory memorandum for both documents.

In this sense, among others, they have moved to the Conceptual Framework that now approves the following contents of the one elaborated by the Court of Auditors: in case of conflict, prevalence is given to the reliability in front of the relevance, the principle of business in operation is established as a principle of continuity of economic activity, and in that of accrual the accounting treatment of electoral grants is emphasized.

Additionally, considering that the activity of the political parties is not oriented towards the achievement of a result, in its elaboration also similarities with the Conceptual Framework of the applicable accounting are appreciated. by non-profit-making entities, which were also shown in the document drawn up by the Court of Auditors, in particular as regards the definition and the criteria for the recognition of the elements of the accounts annual, as well as the incorporation of the valuation criterion of the depreciated replacement cost, for to support, inter alia, the accounting treatment of non-cash flow generating assets.

Once the Conceptual Framework of Accounting is defined, it is necessary to analyze the specialties included in the rules of registration and valuation to follow the political formations, collected in the second part of the Plan.

Unlike the Business Plan and the Accounting Plan for non-profit entities, the one that is now approved for political formations does not include the one that has been referred to as the internal dual model. In other words, the rules for the registration and valuation of the political formations do not make any difference in the accounting treatment of transactions according to the economic size of the reporting entity, without prejudice to the forecast contained in the the third part for the purposes of presenting the information.

This decision is justified by a double motive. The prohibition of commercial activities introduces without doubt and in general a simplification in the accounting criteria that must be applied by the political formations, being in this context less necessary, therefore, (a) the inclusion of two blocks of criteria, having been chosen as a general rule, as indicated in the Small and Medium-sized Enterprises Plan; and, secondly, that a number of criteria should be included in the plan. gradual implementation of the accounting requirements will ensure effective compliance with the new obligations imposed by Organic Law 8/2007.

Entering the analysis of the most relevant aspects of the second part, it is necessary to bring up the criterion to account for the deterioration of the immobilized material, considering as value in use of the asset its cost of Depreciated replenishment. This same criterion applies to stocks that are delivered without consideration or in return for a symbolic or reduced consideration. In both cases, this special criterion is justified on the basis of the special characteristics of the political groups, the object of which is not to obtain economic performance and whose assets are consequently not intended to generate cash flows.

Similarly, in order to regulate the accounting treatment of swaps, it has been understood that in the absence of a generation of cash flows, it is difficult to apply the "Test" on the commercial or non-commercial nature of the exchange, the most appropriate was to follow the criterion set out in the General Administration Accounting Plan, in which recognition for the fair value of the asset received is conditional on the swap of assets with a different nature and function and, consequently, it can be concluded that, in essence, the delivered is a means of payment.

In the field of financial instruments, it has been decided to introduce simplified criteria, in line with the reasons already stated. Thus, it has been specified that the credits that originate in the development of the own activity (in front of the affiliates, adwounded or sympathizers), and the debits related to the said activity must be recognized and valued at its nominal value, if its maturity does not exceed twelve months.

In any case, it is available that loans granted at zero or below market interest are accounted for by the amount delivered, recognizing, where appropriate, the interest of the transaction by the amount agreed as an income in the income statement.

In the presentation of the most significant issues of the Plan, it is necessary to refer to the criteria that have been established to account for the income and expenditure of the political formation, where it has been taken as a reference. the rules applied by non-profit-making entities, which in the absence of criteria would have to be used to complete the aforementioned regulation and, in addition, have incorporated unique aspects of these formations as is the reflection of the revenue and expenditure related to the electoral activity, as detailed below.

In the accounting record of profit tax expense, given the low relevance of the transaction, it has been chosen to establish a simplified criterion in which the expenditure to be recognised in each financial year will be the amount paid or to be paid, without, as a result, the registration of deferred tax assets and liabilities.

The content of the standard in terms of grants, donations and legacies is conditioned by the non-finisher nature of the aid received by these training courses, except in relation to security costs. As a general rule, all grants and monetary donations received shall be recognised directly in the income account, with the exception of the cases in which they are to be recorded directly in the net worth.

IV

The form of constitution adopted by political formation (federation, confederation, coalition ...), its dimension and the level at which economic decisions are made conditions the administrative and accounting organization established by the party and determines the degree of centralization of financial information. This diversity is especially intensified at the local level, in which the degree of functional, administrative and accounting autonomy of the territorial and institutional organization varies significantly from the parties with national implementation to those restricting their activity to the local and municipal level.

In accordance with the provisions of the Organic Law 8/2007, this structure has a projection on the annual accounts of political parties, extending these to the state, regional, regional and provincial areas. the latter in which the activity of the local offices is included, so that the annual accounts referred to represent all the economic and financial activity carried out by the territorial organisation of the political party, irrespective of the the degree of functional autonomy and the territorial structure established by it. On the other hand, the consolidated annual accounts of party and coalition federations will include those of the federated and coalition parties.

Regarding the economic activity of the parliamentary groups of the General Cortes, the Legislative Assemblies of the Autonomous Communities, the General Boards, and the Political Groups in the Local Corporations, as well. as in the case of the youth groups, it is presumed that, unless otherwise proved, the economic activity of these groups is linked to the political activity of the party which has submitted the corresponding electoral candidacy, regardless of the degree of autonomy implemented in the economic decision-making process. Consequently, for the purposes of the representativeness of the financial statements of the political parties, it is considered that the consolidated annual accounts are the ones that best reflect, in all the significant aspects, the economic and financial activity. of the political party.

On the other hand, different foundations have been formed in the environment of political parties, the activity of which is linked to that of the party, which generally translates into financial flows and relations. between the two entities that affect the financial information of the political formation. This relationship has been recognized in Organic Law 8/2007 on the financing of political parties, submitting donations that receive the Foundations and Associations linked organically to political parties with representation in the Courts. General to the control and control mechanisms and sanctioning regime provided for in the aforementioned Organic Law.

For the purposes of the exercise of the audit competence attributed to the Court of Auditors, the Court of Auditors has deemed it necessary to establish a number of criteria for determining such an organic link, criteria which were adopted by agreement. of the plenary session of 28 May 2009. In particular, a political party shall be considered to be those foundations which have been constituted with a direct or indirect majority contribution of the same; those, whose founding patrimony, with a permanent character, is formed by more than 50 per 100 for goods or rights contributed or transferred by the party; or those whose Patronato is controlled by the party in similar terms to those that are regulated for the mercantile society the link in Article 42 of the Trade Code.

Without prejudice to the legal nature of the foundations and their peculiar operating system, it is considered that, for the purposes of the representativeness of the financial statements of the political parties, the annual accounts These are the ones that best reflect, in all the significant aspects, the economic-financial activity of the political party, regardless of the information to be incorporated in the Memory on the related foundations and nature of the economic-financial relations with them maintained.

In some cases, the political parties are holding shares in public limited companies, usually for the total of the social capital, whose main activity is the holding and administration of real estate. linked to the development of the party's own activities, as well as in the real estate management of the party's headquarters and the operation of hospitality services. In this respect, the new Organic Law on Financing has introduced the prohibition for political parties to carry out activities of a commercial character of no nature, which will oblige them to review existing shareholdings. in such companies, given the commercial character assigned to them by the rules governing them.

Except for commercial companies, whose activity is expressly prohibited by the Organic Law 8/2007 on the financing of political parties, the current regulation does not provide for any mechanism of control over relations. economic-financial of the political formations with the other companies in which it participates. However, in the event of a party control over these companies, consolidated financial information will be required to ensure the transparency of the activity developed by the political parties, without prejudice to the collection of sufficient information in the accounts of the party's annual accounts on the above mentioned companies.

The third part of the Plan, rules for drawing up the annual accounts, devotes its first "consolidated annual accounts of political training" to systematize all these reflections, clarifying what the content of the consolidated accounts to be drawn up.

That is, in line with the above, it is considered essential to define the scope of the accounting subject to which this Accounting Plan is directed at its different levels. On the one hand would be the political party, strictly considered, that following the terminology applied in the aforementioned Organic Law 8/2007, on financing of the political parties, in principle, it should elaborate and present a few states consolidated accounting which includes those corresponding to each unit of its organization, both territorial and institutional, consisting of the latter by the different parliamentary groups and groups of elected offices in the local corporations and, in his case, youth groups; and, on the other, the political party considered to be a single economic-financial reality, which as such should present consolidated statements in which they are integrated, in addition to the accounting statements of their territorial and institutional organization, those corresponding to the activity developed by the foundations linked to it and by the companies and companies of the dependents. Only in this way could an overall view of all the activity developed by the political parties be obtained and its advertising and transparency would be enhanced in the terms proclaimed in its regulatory regulations.

Without prejudice to the foregoing, and as has been stated, the Plan provides that if an accounting unit of the territorial or institutional organization of the political formation integrated into the consolidated accounts, produces accounts (a) the criteria for the consolidated accounts of the individual, either for reasons of internal management of the training or for other reasons, the criteria to follow, in general, shall be those laid down for consolidated accounts; related parties are not the subject of the appropriate eliminations, but of detailed information in the memory.

The economic and financial information system of the political parties must incorporate all the manifestations of their activity, both ordinary and electoral, understanding the one developed in the corresponding period in the respective electoral rules. In this sense, the third part of the Accounting Plan provides for criteria of differentiation and segregation in order to facilitate the accountability of the electoral accounting, in the corresponding balance sheet and the results, in the political parties. when, in accordance with the results obtained, they are obliged to the same.

Furthermore, in order for the present Plan to be a useful tool to verify the degree of compliance with the Organic Law 8/2007, when proposing a content for the annual accounts models, the the need to identify clearly the sources of funding for political training.

In this sense, the results count clearly shows the system of mixed financing of the ordinary activity of these formations, which is reproduced for the financing of the electoral activity, with the requirements and Specific limitations are included in the Organic Law 5/1985 of the General Electoral Regime and Autonomous Electoral Laws. According to this system, the resources have their origin, on the one hand, in the public authorities as a means of guaranteeing the independence of the political parties and of the sufficiency of the required funding; and, on the other hand, in the contributions private persons from natural and legal persons, with the limitations and requirements referred to in the respective regulations, together with the members ' shares, irrespective of the indebtedness operations which they may arrange with the credit institutions which, in any case, must be identified in a memory annex.

Following the study of the results account, it should be noted that as a consequence of the fact that most of the income of the political formations corresponds to public subsidies, the amounts of which are determined in (a) the accounting results achieved and are awarded annually, the accounting result presents a different meaning from the one given in the area of profit-making entities. This circumstance causes the balance to be explained as the difference between the expenditure incurred in carrying out the political activities and the income obtained to finance them, thus establishing a singular correlation between revenue and expenditure, representing such a result the level of savings or savings produced during the financial year on the basis of the amount of own funds which the political party has decided to maintain in time to ensure the permanence of its economic activity as an instrument to develop its political activity.

Considering this circumstance, the maintenance of the net worth at levels that ensure the permanence of the economic activity of the political party necessarily entails an adjustment of that activity to the income realized, except where an increase in future resources is expected to compensate for excess economic activity, in addition to the costs of the necessary financial leverage.

Even when the legislation on funding of political parties forces the annual accounts for the last financial year before the Court of Auditors to be held for political parties receiving some form of subsidy public to meet its regular operating expenses, the implementation of this Accounting Plan will be extended to all political parties, whatever their degree of territorial implementation and the electoral results they may have. have reached. However, in order to facilitate its implementation, as indicated above, the use of short models of annual accounts has been envisaged for those political groups with a lower level of implementation and, therefore, with reduced activity, the criteria set out in the paragraph on the rules for the drawing up of annual accounts.

Part 4, Table of Accounts, includes the sub-groups and accounts that have been deemed necessary in order to be able to reflect the operations contained in the second part of the Plan, and the general provisions on of registration and assessment, without trying to exhaust all the situations that may occur in reality.

To do this, based on the coding of the Business Plan, specific accounts have been enabled and others have been modified. The accounts provided for in the General Accounting Plan have also been removed, without prejudice to the possibility for these entities to use them in the cases where certain transactions so require. In any event, the table of accounts shall not be compulsory in respect of its numbering and denomination, without prejudice to the establishment of a compulsory guide or reference in relation to the headings and headings of the annual accounts.

However, without a doubt, at this point the main novelty is the creation of specific subgroups to account for the operations related to the electoral activity, with the aim that the system of carrying out the accounting allows the identification of the property elements affected by the activity.

Part Five, Definitions and Contable Relations, provides clarity and content to the fourth-party account table, including the corresponding definitions, accounting relationships and movements that will give rise to the charge and credit grounds. This fifth part, where appropriate, must also be supplemented by the general charges and charges laid down in the Business Plan, and in the same way that it shall not be compulsory, except where it refers to or contains criteria for registration and valuation, or serve for their interpretation, without prejudice to the explanatory nature of the different items in the annual accounts.

V

It should be emphasized that the adoption of a uniform system of economic and financial information of the political parties not only has the objective of propitiating those responsible for their organization and their affiliates with the knowledge of its activity and the heritage situation at any time and the taking of the relevant decisions, but also make it possible for the citizens to access this information, as the main users of the information, in line with the nature of the public of its functions and the quantitative and qualitative importance of public resources intended for their financing. On the other hand, the monitoring of common principles and criteria in the accounting records of their operations significantly facilitates the interpretation of the corresponding accounting statements and allows for the immediate comparison of the situation. between different political parties and know the application given to public resources.

The activity of the political parties is subject to the principles of regularity, publicity and transparency, the fulfillment of which will be driven by the application of the same criteria in the registration of their activity. financial-economic, objective to which the present Accounting Plan responds, together with other measures that may be adopted for the sake of greater publicity for their accounting statements.

FIRST PART

Accounting conceptual framework

1. Annual Accounts. Faithful image

The public dimension of the functions assigned to the political parties, as well as the regime established for the financing of their activity, together with the submission of the same to the private regime of the associations, make up the basic framework to which its financial information system should be accommodated, so that it can identify the origin of the public and private resources perceived and determine its application, both in its ordinary and electoral activities, to the functions that you have attributed, as well as evaluating the outcome of your activity and your situation financial and patrimonial.

The nature of the functions assigned by the political parties limits the importance of the economic objectives in the evaluation of their activity, whose most representative measurement is carried out through the outcome of the exercise, without prejudice to the desirability of efficient use of the resources used.

The annual accounts that every political party, identified as an accounting officer, has to produce as a result of the system of economic and financial information in place will have to offer a true image of the activity developed in the financial year to which they refer and the financial and financial situation at the end of the financial year.

For such purposes, the political party as the accounting officer is composed of all that organization, with or without independent legal personality, with the capacity to develop an economic activity or to have resources financial, public or private, which contribute to the fulfillment of the political objectives of the ideological program of the corresponding political party. Each accounting unit, integrated into the overall structure of the party, shall keep accounts of the activity carried out in its respective field of action, in accordance with the degree of autonomy it has recognised within the organisation of the party. The consolidated accounts of the party shall be the result of the integration of the accounting statements prepared by each accounting unit.

The annual accounts to be drawn up by the political formations include the balance sheet, the results and the memory account, which will be formulated and approved in accordance with their statutes in compliance with the democratic principles that the Constitution imposes on parties in terms of their internal structure and functioning. These documents form a unit.

Annual accounts should be clearly worded so that the information provided is understandable and useful for citizens in general and voters in particular, so that the transparency of the sources of information the financing and the economic activity carried out can be valued by the electors, facilitate the linkage to the political formation of the members, adwounded and sympathizers, and guarantee the exercise of the competences attributed to the different Institutions, in accordance with the legally established requirements and conditions. To this end, the accounting of transactions shall be in keeping with their economic reality and not only in their legal form.

When it is considered that compliance with the accounting requirements, principles and criteria included in this Accounting Plan of the political parties is not sufficient to show the true image, in the memory they will be supplied the precise complementary information to achieve this objective.

In those exceptional cases where such compliance is incompatible with the true and fair image to be provided by the annual accounts, that application shall be deemed to be inappropriate. In such cases, this circumstance will be sufficiently motivated and its influence on the heritage, financial situation and results of the political formation will be explained.

2. º Information Requirements to Include in Annual Accounts

The information included in the annual accounts must be relevant and reliable. In the case of the impossibility of simultaneously achieving maximum degrees of one and another quality, and considering that the exercise of economic activity is a mere instrument for the development of the public functions assigned to the training In the preparation of the financial information, the reliability of the financial information must prevail, without prejudice to the application of the relevance on those particular cases which could affect the future economic evolution of the match.

Information is reliable when it is free of material errors and is neutral, that is, it is free of bias, and users can trust that it is the true image of what it intends to represent.

A quality derived from reliability is integrity, which is achieved when financial information contains, in a complete way, all data that can influence decision making, without any omission of information. significant.

The information is relevant when it is useful for economic decision-making by the party leadership, as well as for the citizens ' knowledge of the decisions and objectives pursued; that is, when it helps to evaluate past, present, or future events, or to confirm or correct previously performed evaluations. In particular, in order to comply with this requirement, the annual accounts must adequately show the degree of compliance with the objectives set for the political training in the financial year, derived from the objectives pursued with their activity.

Additionally, financial information must meet the qualities of comparability and clarity.

Comparability, which should be extended to both the annual accounts of political training in time and those of different training at the same time and for the same period of time, should allow for a contrasting and activity of political parties, and involves similar treatment for transactions and other economic events occurring in similar circumstances.

For its part, clarity requires that, on the basis of a reasonable knowledge of the political objectives and the ideological programme of political training, its accounting and finances, the users of the accounts (a) the annual report of the European Council of the European Union on the implementation of the European Community's financial contribution. Clarity does not justify the exclusion of complex operations from annual accounts, provided they are relevant.

Financial information is useful for the decision-making process but, at the same time, its procurement causes costs. The information to be provided to the various users should take into account the cost-utility criterion when judging the level of aggregation or development of certain data which may favour a more detailed knowledge of the data. facts.

3. Accounting Principles

The accounting of the political formations and, in particular, the recording and valuation of the elements of the annual accounts, shall be carried out in accordance with the following accounting principles:

1. Continuity of economic activity. Unless otherwise proved, the economic activity resulting from the implementation of the training policy programme shall be considered to continue for the foreseeable future, and the application of the accounting principles and criteria shall not be aimed at determining the value of the liquidation of their assets, unless the dissolution of the political formation occurs.

In cases where the political party is dissolved, the training shall apply the rules of registration and valuation which are best suited to reflect the true image of the operations intended to be carried out by the asset, write off debts and, where appropriate, deliver the resulting net worth, and provide in the memory of the annual accounts all significant information on the criteria applied.

2. Devengo. The effects of transactions or economic events shall be recorded when they occur, with the result of the year to which the annual accounts relate, the expenditure and the revenue affecting the financial year, irrespective of the date of their payment or recovery. In this regard, and as regards the accounting of the grants to be paid for the results obtained in the various electoral campaigns, their registration shall be carried out in full at the time the results are firm, regardless of the time of their recovery and the length of the period for which their representatives have been elected.

3. Uniformity. Adopted a criterion within the alternatives which, where appropriate, will be allowed, should be maintained over time and applied uniformly for transactions, other events and conditions which are similar, as long as the assumptions that are made are not altered. motivated their choice. If these assumptions are altered, the criterion adopted in their day may be changed; in this case, these circumstances shall be recorded in the memory, indicating the quantitative and qualitative impact of the variation on the annual accounts.

4. Prudence. It should be prudent in the estimates and valuations to be carried out under conditions of uncertainty. Prudence does not justify that the valuation of the assets does not correspond to the true image that must reflect the annual accounts.

Without prejudice to the application of the fair value criterion, only the income obtained up to the end date of the financial year shall be accounted for. On the other hand, account must be taken of all the risks, with origin in the financial year or in the previous year, as soon as they are known, even if their knowledge occurs between the date of closure of the annual accounts and the date on which they are formulen. In such cases, information shall be given in the memory, without prejudice to its reflection, when a liability and expenditure have been generated, in other documents belonging to the annual accounts. Exceptionally, if the risks were known between the formulation and prior to the approval of the annual accounts and will significantly affect the true image, the annual accounts shall be reformulated.

The depreciation and impairment of asset impairment should be taken into account, whether the surplus in the financial year is positive or negative.

5. Not compensation. Unless otherwise expressly provided for in a rule, the assets and liabilities or expenses and income items shall not be offset, and the members of the annual accounts shall be assessed separately.

6. Relative importance. The strict non-application of some of the accounting principles and criteria shall be permitted where the relative importance in quantitative or qualitative terms of the variation which such a development produces is scarcely significant and, consequently, alter the expression of the faithful image. Items or amounts whose relative importance is scarcely significant may be grouped together with other items of a similar nature or function.

In cases of conflict between accounting principles, the one that best leads to the annual accounts expressing the faithful image of the patrimony, the financial situation and the results obtained by the activities developed.

4. Annual Accounts Items

The elements that, when they meet the recognition criteria that are subsequently set, are recorded in the balance sheet are:

1. Assets: assets, rights, and other resources economically controlled by political training as a result of past events, which training is expected to yield exploitable returns on its activity Future policy. In particular, these will be met by those who incorporate a service potential for citizens in general.

2. Liabilities: Current obligations arising as a result of past events, for whose extinction the political formation expects to divest from economic resources. For these purposes, provisions are understood to be included.

3. Net worth: constitutes the residual portion of the assets of the political formation, once all its liabilities are deducted. Includes accumulated surpluses or other variations affecting you.

The elements that, when they meet the recognition criteria that are subsequently set, are recorded in the results account or, where appropriate, directly in wealth accounts, are:

4. Revenue: increases in the net worth of political training during the financial year, either in the form of inflows or increases in the value of assets, or in the form of a decrease in liabilities.

5. Expenses: decreases in the net worth of political training during the financial year, either in the form of outflows or decreases in the value of assets, or in the form of recognition or increase in the value of liabilities.

The revenue and expenditure for the financial year shall be charged to the profit and loss account and shall form part of the surplus, except where appropriate direct imputation to the net worth, in which case it shall be reported in detail in memory, in accordance with the provisions of the second part of this Accounting Plan or in a standard that develops it.

5. Registration Criteria or Accounting Recognition of the Elements of Annual Accounts

The accounting record or recognition is the process by which different elements of the annual accounts are incorporated into the balance sheet or the income statement, in accordance with the provisions of the registration rules relating to each of them, included in the second part of this Accounting Plan.

The political parties shall take appropriate measures for the proper conservation and custody of the accounting books, as well as the duly approved annual accounts, together with the supporting documentation of operations carried out over a period of at least 10 years as long as the specific rules do not provide for a different time limit or a procedure for the requirement of liability is in progress.

The political parties will have to carry out detailed accounting books that allow at all times to know their financial and patrimonial situation and the fulfillment of the legal obligations. The economic and financial operations carried out by the political party shall be recorded in chronological order, in accordance with the most appropriate procedure, in the book Diario, which shall serve as the main support for the information collected in the annual accounts. The values of the accounting records recorded in the accounting books shall be expressed in euro.

The record of the items shall be recorded when, in accordance with the definition of the items included in the previous paragraph, the probability criteria for obtaining or disposing of resources are met and their value can be determined by an adequate degree of reliability. Where the value is to be estimated, the use of reasonable estimates shall not impair its reliability. In particular:

1. Assets should be recognized in the balance sheet when it is probable to obtain them from the same of the profitable returns in their future activity, and provided that they can be valued reliably. The accounting recognition of an asset also implies the simultaneous recognition of a liability, the reduction of another asset or the recognition of income or other increases in equity.

2. Liabilities should be recognised in the balance sheet where it is likely that, at maturity and for the settlement of the obligation, resources that incorporate potential returns in their business are to be delivered or transferred, and provided that can be measured reliably. The accounting recognition of a liability involves the simultaneous recognition of an asset, the reduction of another liability or the recognition of an expense or other decreases in net worth.

3. The recognition of an income takes place as a result of an increase in the resources of the political formation, and whenever its value can be determined reliably. It therefore entails simultaneous recognition or the increase of an asset, or the disappearance or decrease of a liability and, at times, the recognition of an expense.

4. The recognition of expenditure takes place as a result of a reduction in the resources of political training, and whenever its value can be measured or estimated reliably. It therefore entails simultaneous recognition or the increase of a liability, or the disappearance or decrease of an asset and, at times, the recognition of an income or a net worth item.

The period referred to in the annual accounts shall be recorded, the costs incurred in this and the revenue required for its financing which meet the criteria for recognition.

6. º Valuation Criteria

The valuation is the process by which a monetary value is assigned to each of the members of the annual accounts, in accordance with the rules of registration and valuation relating to each of them, included in the second part of this Contable Plan.

For this purpose, the following value criteria and related definitions will be considered:

1. Historical cost or cost

The historical cost or cost of an asset is its acquisition price.

The purchase price is the cash amount and other equivalent paid or outstanding items of payment plus, where applicable and where applicable, the fair value of the other committed consideration derived from the acquisition, all of which must be directly related to it and be necessary for the putting of the asset under operational conditions.

The historical cost or cost of a liability is the value corresponding to the counterparty received in exchange for incurring the debt or, in some cases duly identified, the amount of cash and other liquid assets. equivalent expected to be delivered to settle a debt in the normal course of the activity.

2. Fair value

It is the amount by which an asset or a liability can be exchanged, between interested parties and duly informed parties, that perform a transaction in conditions of mutual independence. The fair value shall be determined without deducting the transaction costs incurred in its disposal. It shall in no case have the character of fair value that is the result of a forced, urgent transaction or as a result of an involuntary liquidation situation.

On a general basis, fair value shall be calculated by reference to a reliable market value. In this regard, the price quoted in an active market, as defined in the General Accounting Plan, approved by Royal Decree 1514/2007 of 16 November, will be the best reference of fair value.

For those elements in respect of which there is no active market, fair value shall be obtained, where appropriate, by the application of valuation models and techniques in accordance with the terms set out in the said General Plan of Accounting.

Where the fair value valuation is applicable, the items that cannot be reliably valued, either by reference to a market value or by the application of the valuation models and techniques indicated, they shall be valued, as appropriate, for their amortised cost or for their purchase price, which is, where appropriate, mined for any corrective items of their value which may correspond, making reference to the memory of this fact and the circumstances which motivate you.

3. Net realizable value

The net realizable value of an asset is the amount that the political formation can obtain for its disposal in the market, in the normal course of the activity, deducting the estimated costs necessary to carry it out.

4. Current value

The current value is the amount of cash flows to be received or paid in the normal course of the activity, whether an asset or liability, respectively, updated at a suitable discount rate.

5. Value in use

The value in use of an asset or a cash-generating unit is the current value of expected future cash flows, through its use in the normal course of the activity and, where applicable, its disposal or other the form of provision, taking into account its current and updated status at a risk-free market interest rate, adjusted for the specific risks of the asset that have not adjusted the estimates of future cash flows. Cash flow projections shall be based on reasonable and substantiated assumptions; normally the quantification or distribution of cash flows is subject to uncertainty, and should be considered as being likely to be different estimates of cash flows. In any event, such estimates shall take into account any other assumption that market participants would consider, such as the degree of liquidity inherent in the valued asset.

The value in use of an asset or a unit of operation or service that does not generate cash flows is the current value of the asset or unit considering its future service potential at the time of the analysis. This amount is determined by reference to its replacement cost.

6. Selling costs

These are the incremental costs directly attributable to the sale of an asset in which the political formation would not have incurred not having taken the decision to sell, excluding financial expenses and taxes on benefits. The legal expenses necessary to transfer ownership of the asset and the sales commissions are included.

7. Amortized cost

The amortised cost of a financial instrument is the amount to which a financial asset or a financial liability was initially valued, minus the principal repayments that would have occurred, more or less, as appropriate, the the party charged in the profit or loss account, by using the cash interest rate method, of the difference between the initial amount and the repayment value on maturity and, in the case of financial assets, less any reduction in value for impairment that would have been recognised, either directly as a decrease in the amount of the asset or by a corrective account of its value.

The effective interest rate is the type of update that matches the book value of a financial instrument with the estimated cash flows over the expected life of the instrument, based on its terms and conditions. In the calculation, the financial fees to be charged in advance in the award of financing shall be included in the calculation of the contract and without regard to future credit risk losses.

8. Transaction costs attributable to an asset or financial liability

These are the incremental costs directly attributable to the purchase, disposal or other form of disposal of a financial asset, or to the issuance or assumption of a financial liability, in which the training would not have been incurred policy would not have performed the transaction. These include fees and commissions paid to agents, advisers and intermediaries, such as brokering, intervention expenses for public securities and others, as well as taxes and other rights that fall on the company. transaction, and exclude premiums or discounts earned on purchase or issue, financial expenses, maintenance costs, and internal administrative costs.

9. Book value or in books

The book value or in books is the net amount by which an asset or liability is recorded on the balance sheet after deduction, in the case of assets, of its accumulated amortisation and any valuation correction by cumulative deterioration that has been recorded.

10. Residual value

The residual value of an asset is the amount that the political formation estimates it could obtain at the current time for its sale or other form of disposal, once the selling costs are deducted, taking into account that the asset would have reached the age and other conditions that you expect to have at the end of your life.

Useful life is the period during which political training expects to use the depreciable asset in its activity or the number of production units it expects to obtain from it. In particular, in the case of assets subject to reversion, their useful life is the concession period when it is lower than the economic life of the asset.

Economic life is the period during which the asset is expected to be usable by one or more users or the number of production units expected to be obtained from the asset by one or more users.

11. The cost of replacing an asset.

The replacement cost of an asset is the current amount that should be paid if an asset with the same capacity or service potential is acquired, minus, where applicable, the accumulated amortization calculated on the basis of such an asset. cost, in such a way as to reflect the operation, use and enjoyment already made of the asset, without prejudice to the technical obsolescence that might affect it.

In assets subject to amortisation this cost is calculated taking into account its accumulated depreciation, in order to reflect the asset under its current conditions and thus consider the service potential already consumed. of the asset. The calculation shall not include excess capacity or inefficiencies with respect to the service potential required for the asset, without prejudice to the maintenance of a certain additional service capacity for safety reasons, appropriate to the circumstances of the activity of the political formation.

An asset can be replaced by its playback or by replacing its service potential. When determining the replacement cost, the lowest amount resulting from the previous minus, where applicable, the accumulated depreciation that would correspond to that cost (depreciated replacement cost) shall be considered.

7. Generally accepted accounting principles and rules

Generally accepted accounting principles and standards for policy formations will be considered as set out in:

(a) The Trade Code, the remaining trade legislation and its development provisions, in particular the General Accounting Plan, the General Plan for Small and Medium Enterprises Accounting and its adaptations (a) in so far as an identity of reason can be assessed between the transaction or the economic fact which must account for political and regulated training in the commercial field.

(b) The rules of development which, in accounting matters, establish in its case the Institute of Accounts and Audit of Accounts, and

c) Other Spanish legislation that is specifically applicable.

SECOND PART

Registration and Valuation Rules

1. Development of the Accounting Conceptual Framework

1. The rules of registration and valuation develop the accounting principles and other provisions contained in the first part of this text, relating to the Conceptual Framework of Accounting. They include criteria and rules applicable to different transactions or economic facts, as well as to various heritage elements.

2. The rules for registration and valuation which are subsequently formulated are of compulsory application. Where a training carries out an operation whose accounting treatment is not covered by the rules for the registration and valuation of this text, it shall be referred to the relevant rules and paragraphs contained in the General Accounting Plan. However, the standard of registration and valuation provided for in the General Accounting Plan for non-current assets and inajable groups of items held for sale shall not apply.

2. Inmobilized Material

1. Initial assessment

Goods included in the tangible fixed assets shall be valued for their purchase price according to the definition included in the Conceptual Framework of this Plan.

1.1 Acquisition Price

In particular, the purchase price includes all additional and directly related expenses that occur until they are put into operation, including location on site and any other conditions necessary to enable it to operate as intended; inter alia: expunation and demolition costs, transport, tariff duties, insurance, installation, assembly and similar charges.

Indirect taxes on the assets of tangible fixed assets will only be included in the purchase price when they are not directly recoverable from the Public Finance.

1.2 Permutas

It is understood that an item of material immobilized is acquired by permuse when it is received in exchange for the delivery of non-cash assets or a combination of these with monetary assets.

Assets acquired in permuse will be valued according to the following cases:

(a) In those cases where the assets exchanged are not similar from a functional point of view or useful life and a reliable estimate of the fair value of the assets can be established: the fair value of the asset received. In the event of failure to reliably assess the fair value of the asset received, the fair value of the asset delivered, adjusted for the amount of any cash transferred in the transaction.

The valuation differences that might arise when the delivered asset is discharged will be imputed to the result count.

When differences between the reasonable values of the assets being exchanged are not adjusted by cash, they will be treated as donations received or delivered, as the case may be.

(b) In those cases where the assets exchanged are similar from a functional point of view and useful life, or where a reliable estimate of the fair value of any of the exchanged assets cannot be obtained:

b1) If no cash exchange is performed on the transaction: for the accounting value of the asset delivered with the limit, when available, of the fair value of the asset received if it was less.

b2) If an additional cash payment is made in the transaction: by the accounting value of the delivered asset increased by the amount of cash payment made in addition to the limit, when available, of the value reasonable of the asset received if it was less.

b3) If the transaction would have an additional cash recovery: the entity must differentiate the part of the transaction that represents a sale-cash consideration-of the part of the transaction that materializes in a swap. -asset received-taking into account in this respect the proportion that each of these parties assumes on the total of the consideration-treasury and fair value of the good received-.

For the part of the transaction that would result in a sale, the difference between the sale price and the book value of the part of the property in the property will result in a positive or negative result from the fixed asset.

For the part of the operation that will assume a permuse will be applied as provided in paragraph b1) above.

Where there are impairment losses affecting the transferred fixed assets, the difference between the purchase price and the accumulated depreciation shall be the limit by which the fixed assets received in return may be valued, in the case of that the fair value of the latter was greater than the value in books of the well-ceded.

The costs incurred by the fixed assets received until they are put into operation shall increase the value of the fixed assets provided that they do not exceed the fair value of the goods.

2. Rear rating

After initial recognition, the items of the tangible fixed assets shall be valued for their purchase price minus the accumulated depreciation and, where applicable, the cumulative amount of the valuation corrections by Recognized impairment.

2.1 Amortization

redemptions should be established in a systematic and rational manner according to the useful life of the goods and their residual value, taking into account the depreciation they normally suffer from their functioning, use and enjoyment, without prejudice to the technical obsolescence that may affect them.

The endowment of the amortisation of each period should be recognised as an expense in the profit or loss account of the financial year

Each part of an item of material immobilised that has a significant cost in relation to the total cost of the item and a useful life other than the rest of the item shall be amortised separately.

Changes that may arise in the residual value, the useful life and the method of amortisation of an asset, shall be accounted for as changes in the accounting estimates, except in the case of an error.

When, in accordance with the provisions of the following paragraph, it is appropriate to recognise impairment valuation corrections, the amortisation of the following exercises of impaired fixed assets shall be adjusted, taking into account the new book value. This same criterion shall apply in the event of reversal of the impairment valuation corrections.

2.2 Impairment of value

A impairment loss on the value of an item of tangible fixed assets shall occur where its book value exceeds its recoverable amount, which is understood to be the largest amount between its fair value minus the costs of sale and its value in use. Except for better evidence, the value in use of the asset shall be determined by reference to its depreciated replacement cost.

At least at the end of the financial year, the policy formation will assess whether there are indications that any tangible assets or, where appropriate, any operating or service unit may be impaired. This situation should be appreciated by estimating its recoverable amounts by making the appropriate value adjustments.

A unit of exploitation or service is the smallest identifiable group of assets that generates profitable returns in the activity of political formation that are, to a large extent, independent of the derivatives of other assets or groups of assets.

The valuation corrections for the deterioration of the elements of the tangible fixed assets, as well as their reversal when the circumstances that motivated them would have ceased to exist, will be recognized as an expense or income, respectively, in the result count. The reversion of the impairment shall be limited to the book value of the fixed asset which would be recognised at the date of reversal if the impairment of the value had not been recorded.

3. Low

The assets of the tangible fixed assets shall be reduced in the balance sheet at the time of disposal or disposal by another means, as well as when it has been permanently withdrawn, provided that it is not expected to be obtained Profitable returns in the future.

The difference between the amount that, where applicable, is obtained from an item of tangible fixed assets, net of the selling costs, and its book value, shall be charged to the profit or loss account of the year in which the loss occurs.

4. Particular cases

(a) Land and buildings are independent assets and must be assessed separately, even if they have been jointly acquired. In general terms, the land has an unlimited life and therefore does not depreciate. On the contrary, buildings have a limited life and are therefore depreciable assets.

(b) In agreements which, in accordance with the rule relating to leases and other similar transactions, are to be classified as operating leases, investments made by the lessee other than (a) separable from the leased or transferred asset in use shall be accounted for as material immobilised when the asset definition is met. The depreciation of these investments will be carried out according to their useful life, which will be the duration of the lease or lease, when this is less than the economic life of the asset, including the renewal period if there is evidence that they support the same is going to occur.

3. Real Estate Investments

Real estate investments comprise the real estate that is owned for rent, capital gains or both, thus excluding those for administrative purposes.

The criteria set out in the above rules, relating to tangible fixed assets, will apply to real estate investments.

4. Intangible Immobilized

The criteria contained in the rules for the fixed assets shall apply to intangible fixed assets.

In no case will the expenses occasioned by the creation of the political formation be recognized as intangible immobilized.

Additionally, the following details will be considered for the following items:

a) Transfer rights. They may be included in the asset only where their value is disclosed under an onerous acquisition.

b) Computer applications. They shall be included in the asset, both acquired from third parties and those drawn up by the political training itself, using the own means available to it, provided that it is intended to be used in several exercises, included among the previous development expenses of the web pages.

The depreciation of IT applications will be done systematically within the time period in which they are used, without exceeding the 5-year deadline.

The book value of the application will not, in any case, include the following concepts:

b.1) The costs incurred as a result of the modification or modernisation of existing applications or IT systems within the operational structure of the political training.

b.2) Costs arising from the training of staff for the application of the IT system.

b.3) Costs arising from queries to other entities or companies and global reviews of control of computer systems and applications.

b.4) The maintenance costs of the computing application.

c) Intellectual property. The costs incurred in obtaining the right to use or granting the use of the various manifestations of intellectual property shall be assessed, provided that, due to the economic conditions resulting from the contract, they must be invented for the acquiring political training.

5. Historic Heritage Assets

The assets of the Historical Heritage, which, if any, the political formations will have to be accounted for applying the criteria contained in the rules of registration and assessment of the adaptation of the General Plan of Accounting to the non-profit-making entities.

6. ª Leases and other operations of a similar nature

It is understood by lease, for the purposes of this rule, any agreement, regardless of its legal instrument, whereby the lessor yields to the lessee, in exchange for a single sum of money or a series of payments or quotas, the right to use an asset for a given period of time

1. Leasing

When of the economic conditions of a lease agreement, it is deduced that substantially all the risks and benefits inherent in the property of the asset subject to the contract are transferred, such an agreement must qualify as a financial lease.

In a lease agreement for an asset with an option to purchase, all risks and benefits inherent in the property are assumed to be substantially transferred, where there is no reasonable doubt that the asset will be exercised. that option. This transfer shall also be presumed, unless otherwise proved, in the cases provided for in the rule of registration and valuation on leases of the General Accounting Plan, approved by Royal Decree 1514/2007 of 16 November, although not there is an option to purchase.

The lessee, at the initial time, shall register an asset according to its nature, in the case of an item of tangible or intangible fixed assets, and a financial liability for the same amount, which shall be the the fair value of the leased asset calculated at the beginning of the period, excluding taxes passed on by the lessor. The initial direct costs, inherent in the operation, incurred by the lessee shall be considered as the highest value of the asset.

The total financial burden shall be distributed over the lease term and shall be charged to the profit or loss account of the year by applying the effective interest rate method.

2. Operating lease

This is an agreement whereby the lessor agrees with the lessee to the right to use an asset for a specified period of time, in exchange for a single amount or a series of payments or fees, without deal with a lease of a financial character.

The income and expenses, corresponding to the lessor and the lessee, arising out of the operating lease agreements shall be considered, respectively, as income and expenditure for the year in which they are payable, being imputed to the result count.

Any collection or payment that could be made when hiring a qualified lease right as an operative, will be treated as a collection or payment anticipated by the lease, which will be charged to results over the period of the lease. leasing as the economic benefits of the leased asset are transferred or received.

3. Sale with subsequent financial lease

When by the economic conditions of a disposal, connected to the subsequent lease of the assets in question, it is apparent that this is a method of financing and, consequently, a lease financial, the lessee will not vary the rating of the asset, nor will it recognise any profits or losses arising from this transaction. In addition, it shall record the amount received by credit to a consignment showing the corresponding financial liability.

The total financial burden shall be distributed over the lease term and shall be charged to the profit or loss account of the year by applying the effective interest rate method.

4. Land and building leases

The land and building sets will be classified as operational or financial with the same criteria as the leases of another asset type.

However, as the land normally has an indefinite economic life, in a joint financial lease, the land and building components shall be considered separately, with the corresponding to the land as an operating lease, unless the tenant is expected to acquire the property at the end of the lease term.

For these purposes, the minimum lease payments shall be distributed between the earner and the building in proportion to the relative reasonable values representing the lease rights of both components, unless such distribution is not reliable, in which case the entire lease shall be classified as financial, unless it is evident that it is operational.

7.

The credit derivatives of transactions arising from the economic and financial activity of the political formation, as well as the remainder of the receivables with a maturity of not more than one year shall be accounted for by their value nominal. If the maturity exceeds that period, it shall be recognised at the initial time at its fair value. The difference between fair value and nominal credit shall be recorded as a financial income in the profit or loss account applying the method of the effective interest rate.

Loans granted by political formations will be accounted for by the amount delivered. Where appropriate, the interests of the transaction shall be recognised, for the amount agreed, as an income in the income statement. This same criterion applies to loans granted by political training at zero or below market interest rates.

At least at the end of the financial year, the necessary valuation corrections shall be made whenever there is objective evidence that there has been a deterioration in value in these assets. The difference between the book value and the recoverable amount of the credit will be counted as an expense in the income statement.

8.

The debts of the political parties, in particular those arising from the loans subscribed to by the credit institutions, will initially be valued at fair value, which, unless otherwise evidenced, will be the price of the transaction, which shall be equal to the fair value of the consideration received adjusted for the transaction costs which are directly attributable to them; however, the latter, as well as the financial fees charged to the training If the debt is incurred, it may be recorded in the profit or loss account in the time of initial recognition.

After that, the debts will be valued for their amortized cost. Accrued interest shall be accounted for in the profit or loss account, applying the effective interest rate method.

However, debits with a maturity of not more than one year may be valued at face value.

Also, interest on late payment, as well as any other default penalty, which appears among the conditions for the granting of a debt due, shall be counted in the profit or loss account up to the time of the extinction of the debt. same.

The political formation will lower a debt when the obligation is extinguished.

In the event that the initial conditions of a debt are renegotiated, the financial expense will be recognised by applying the effective interest rate resulting from the new agreed conditions, even if they were agreed upon. periods of absence.

In memory, the new conditions should be reported, in particular, all significant information on the agreements to be concluded with credit institutions shall be included under the second transitional provision of the Organic Law 8/2007 of 4 July on the financing of political parties.

Where appropriate, for the sole accounting purposes, the debt waivers shall be accounted for in accordance with Rule 15, without prejudice to the provisions of this Law.

9. Financial Investments

1. Rule of thumb

Financial investments in groups 2 or 5, whether fixed or variable, shall be valued at the initial time at fair value, which, unless otherwise specified, shall be the price of the transaction, which shall be equal to the fair value of the consideration delivered plus the transaction costs which are directly attributable to them. It shall form part of the initial valuation of the amount of the preferred subscription rights and similar rights which, if any, would have been acquired.

At least at the end of the financial year, the necessary valuation corrections shall be made whenever there is objective evidence of deterioration. In particular, financial investments admitted to trading shall be accounted for by the price of the transaction or the market price if it is lower than that. In the case of financial investments not admitted to trading, they shall appear on the balance sheet for the price of the transaction. However, where the price of the transaction is higher than the amount resulting from the application of rational value criteria admitted in practice, the corresponding valuation correction shall be recorded for the difference.

The interest and dividends of the financial investments accrued after the time of the acquisition will be recognized as income in the income statement. Interest should be recognised using the effective interest rate method and dividends when the partner's right to receive it is declared.

For these purposes, the initial valuation of the financial investments shall be independently recorded, on the basis of their maturity, the amount of the explicit interest accrued and not due at that time as well as the the amount of the dividends agreed by the competent body at the time of the acquisition. For these purposes, "explicit interests" shall mean those that are obtained from applying the contractual interest rate of the financial instrument.

In the case of divestiture of the investment, the difference between the net received consideration of the attributable transaction costs, and the book value of the financial asset, shall be accounted for in the income statement of the exercise in which it occurs.

2. Financial derivatives and hedging operations

By exception to the general rule, in any case, derivative financial instruments shall be valued at fair value, and changes in value, positive or negative, shall be accounted for in the profit or loss account.

Additionally, the hedging operations that could be undertaken by political training (e.g., the hiring of a financial swap to cover the risk of variable interest rate financing) will be accounted for agreement with the provisions of the General Accounting Plan.

10.

1. Initial assessment

The goods and services included in stocks shall be valued for their purchase price.

The purchase price includes the amount invoiced by the seller after deducting any discount, price reduction or other similar items as well as the interest incorporated at the nominal amount of the debits, except that the maturity does not exceed the year, and all additional costs related to the transaction, such as transports, customs duties, insurance and others directly attributable to the acquisition of the stock, will be added.

Indirect taxes on stocks will only be included in the purchase price when they are not directly recoverable from the Public Finance.

Advances to suppliers on account of future stock supplies will be valued at their cost.

The debits originating from the acquisition of stocks shall be valued in accordance with the provisions of Standard

.

2. Value allocation methods

In the case of assigning value to individual goods that are part of an inventory of interchangeable goods, the method of the average price or weighted average cost shall be adopted in general. The FIFO method is acceptable and can be taken if the political formation considers it more convenient for its management. A single method of value allocation shall be used for all stocks having a similar nature and use.

3. Rear rating

When the net realisable value of the stock is less than its acquisition price, the appropriate valuation corrections shall be made, recognizing them as an expense in the income statement.

If the circumstances that caused the stock value to be corrected would have ceased to exist, the amount of the correction will be reversed by recognizing it as an income in the income statement.

11. Value Added Tax (VAT), Indirect General Tax (IGIC) and other indirect taxes

Deductible input VAT will not be part of the purchase price of goods and services subject to tax-taxed transactions, and will be subject to registration under a specific heading.

Non-deductible input VAT will be part of the purchase price of current and non-current assets, as well as services, that are the subject of tax-taxed transactions.

They shall not alter the initial valuations of the corrections in the amount of non-deductible input VAT resulting from the regularization arising from the definitive pro rata, including the adjustment for investment goods.

The VAT passed on will not be part of the income derived from the transactions taxed by that tax or the net amount obtained in the disposal or disposal by another way in the case of the absence of non-current assets.

The rules on non-deductible input VAT shall apply, where appropriate, to the IGIC and any other indirect taxes incurred on the acquisition of assets or services, which are not directly recoverable from the Treasury Public.

The rules on VAT passed on will be applicable, where appropriate, to the IGIC and any other indirect taxes that are serious on the operations carried out by the political formation and which are received on behalf of the Public Finance.

12. Benefits Taxes

Non-exempt income tax expense shall be accounted for in the income account for the amount resulting from the tax settlements of the corporate tax on the financial year. For this purpose, the expenditure accounted for by the amounts due shall be increased or decreased at the end of the financial year as appropriate, with the corresponding debt or credit facing the Public Finance.

13. Expense And Revenue

In accordance with the provisions of the Organic Law 8/2007 of 4 July on the financing of political parties, as well as in the electoral regulations, political formation will have to keep a differentiated record of the income and electoral revenues, as well as the expenses and expenses of the elections, differentiating, in turn, the derivatives of advertising and electoral propaganda and those that are subject to some of the sub-limits provided for in the aforementioned electoral rules.

1. Expenses arising from ordinary business

1.1 General Recognition Criteria

The expenditure incurred by the political formation in its ordinary business shall be counted in the profit or loss account of the financial year in which it is incurred, irrespective of the date on which the financial current occurs. In particular, aid granted by political training shall be recognised at the time it is approved.

1.2 Temporary imputation rules

On occasion, the recognition of these expenses is deferred pending the completion of certain circumstances necessary for their accrual, which allow for their final consideration in the income statement.

These rules apply to the following cases:

a) When the financial stream occurs before the actual stream, the operation in question will result in an asset, which will be recognized as an expense when perfecting the fact that determines that actual stream.

(b) Where the actual current is extended for periods longer than the economic year, each of the periods must recognise the corresponding expenditure, calculated on a reasonable basis, without prejudice to the expenditure indicated for the expenditure of a multi-year character.

1.3 Multi-year expenses

Aid granted in the form of political training and other committed multi-year expenditure shall be taken into account in the results of the financial year in which the grant is approved with a payment to a liability account, for the current value of the commitment assumed.

1.4 Particular criteria applicable to disbursements incurred for the organization of future events

In accordance with the provisions of paragraph 1.1 of this Standard, disbursements related to the organization of future events (congresses, conferences, etc.) will be recognized in the training results account policy as an expense on the date on which they are incurred, unless they are related to the acquisition of assets of the fixed assets, stocks or any other concept that meets the definition of the asset.

2. Election expenses

2.1 Definition

It is electoral expenses that the political formations carry out during the electoral period, from the day of the convocation to the proclamation of the elect, and are directed to the organization and execution of the election campaign in order to promote the vote to their candidacies for the concepts that are contemplated in the electoral regulations.

2.2 Temporary imputation and differential logging rules

The expenses incurred by political training as a result of participation in the electoral process and the development of the corresponding electoral campaign will be recorded in specific accounts and will be displayed in a manner separated into the result count.

When the financial stream occurs before the actual stream, the operation in question will result in an asset, which will be recognized as an expense when perfecting the fact that determines that actual stream.

When the financial stream occurs after the actual current, the current will be made within the legally established maximum period of time.

When the electoral period is extended to several exercises, each of them must recognize the expenditure according to the corresponding actual current regardless of the electoral accounting to present to the organ of the corresponding control group all the electoral expenses of the respective campaign.

In the event that the expenses for sending propaganda and electoral publicity could be subsidized in accordance with the requirements of the corresponding electoral regulations, these expenses will be the subject of a segregated record.

In the event that the regulatory regulations of the corresponding electoral process provide for the obligation to respect the sublimits of foreign advertising and publicity in periodic press and radio stations of ownership (a) the operations corresponding to these categories of expenditure shall also be the subject of a segregated register. To this end, expenditure on external advertising and private radio broadcasts shall be regarded as expenditure strictly derived from that purpose, without including expenditure relating to the making up of the content or material to be covered. of advertising or broadcast.

In the case of a number of electoral processes, the political formation will establish a criterion for the allocation and differential registration of the electoral expenses for each of the electoral campaigns in the who has participated. In the case of common expenses, the allocation shall be made on the basis of proportionate and reasonable criteria according to the policy objectives to be achieved in each campaign, according to the strategy defined by the political training.

3. Income derived from ordinary business

In the accounting of the income of the ordinary activity, account must be taken of the public or private origin of the resources according to the classification provided for in Organic Law 8/2007, of 4 July, on the financing of political parties, and in particular the following rules:

(a) The fees and contributions of members, injured and sympathizers, received in accordance with the statutes of the political formation, shall be recognised as income, in differentiated accounts, for their full amount in the period up to which correspond, irrespective of the recovery procedure and the territorial scope in which they are collected. The revenue corresponding to accrued contributions which would not have been made effective shall be in return for the recognition of the corresponding credit in favour of political training.

b) Revenue from promotions for resource collection and collaboration will be recognized when campaigns and events occur.

(c) Revenue from supplies of goods or services shall be accounted for in accordance with the criteria included in the General Accounting Plan.

d) Revenue for public grants, donations and legacies shall be recorded in accordance with the provisions of Standard 15.

e) In any case, the necessary periods must be performed.

4. Income linked to election campaigns

The income of the political formation as a result of participation in the electoral process and the development of the corresponding electoral campaign will be recorded in specific accounts and will be displayed in a way separated into the result count.

The contributions made by the political formation to the electoral campaign will be counted through non-bank current accounts, the balances of which are recorded in the regular accounts, due to the transfers issued, compensate with the corresponding records in the electoral accounting, for the transfers received.

As far as electoral grants are concerned, their registration will be accommodated as provided for in Standard 15.

14. St Visions and Contingencies

1. Recognition

The political formation will recognize as provisions the liabilities that, in compliance with the definition and the criteria of record or accounting recognition contained in the Conceptual Framework of this Plan, are indeterminate with respect to their amount or the date on which they are cancelled. Provisions may be determined by a legal, contractual or implicit or tacit obligation. In the latter case, his birth is situated in the valid expectation created by the political formation against third parties, of assuming an obligation on the part of that one.

In the memory of the annual accounts, it is necessary to report on any contingencies that have the political formation related to obligations other than those mentioned in the previous paragraph.

2. Assessment

According to the information available at any time, the provisions shall be valued at the end of the financial year, at the current value of the best estimate of the amount necessary to cancel or transfer to a third the obligation, with the adjustments arising from the update of the provision as a financial expense as they become due. In the case of provisions with a maturity of less than or equal to one year, and the financial effect is not significant, no discount shall be required.

15. th Grants, Donations and Legacies Received

1. Recognition

Non-finalist grants and monetary donations and legacies will be directly accounted for in the results account. In particular, this criterion will be followed by grants for electoral expenses, annual grants for operating expenses, extraordinary grants and contributions from the institutional groups listed in the Organic Law. 8/2007 of 4 July on financing of political parties.

The remaining grants will be accounted for, at the initial time, as a liability, as soon as the following conditions are not met:

(a) Finalist grants for the acquisition of assets, including those related to security activities, shall be reclassified to equity where the relevant asset has been acquired, for subsequent imputation to the income statement as revenue, in accordance with the criteria set out in paragraph 3 of this standard.

b) Finalist grants to finance specific expenditure, such as security expenditure, shall be charged to the income statement as revenue, in accordance with the criteria set out in the paragraph 3 of this rule.

Non-monetary donations and legacies received at the initial time shall be recognised in the net worth for subsequent imputation to the profit or loss account in accordance with the criteria laid down for the grants for the acquisition of assets.

2. Assessment

Grants, donations and monetary legacies will be valued for the amount granted.

Non-monetary or in-kind character shall be valued for the fair value of the good or service received, provided that the fair value of the goods or service can be reliably determined.

3. Criteria for imputation to the results of the results of grants of a finalist character and of donations and legacies of non-monetary character

Finalist grants and non-cash donations and legacies will be charged to the results account by applying the following criteria:

(a) Grants for the acquisition of assets and non-cash donations and legacies shall be charged as income for the year in proportion to the amount of the amortisation made during that period for the purposes of the The above mentioned elements or, where applicable, where their disposal occurs, valuation correction for deterioration or low balance sheet.

(b) Grants to cover specific expenses shall be charged as income from the financial year in a manner correlated to the expenses they are financing.

4. Goods and rights restored to political training, under the provisions of Law 43/1998, of December 15

The monetary amounts returned to the political formation under the provisions of Law 43/1998 of December 15 will be recognized directly in the results account.

Real estate or other rights of patrimonial content and non-monetary nature that are restored to political formation shall be recognised directly in the net worth for subsequent imputation to the account results as their amortization, decline or impairment occurs.

16 th Joint Electoral Activities

In accordance with the electoral rules, the political formations through coalition pacts will be able to compete jointly with the electoral processes that are called. The constituted coalition shall have no legal personality.

The coalition's political parties will exercise control over the electoral activity, which involves the collection of funds and their application to electoral expenses through the designated electoral administrator. the corresponding Electoral Board.

Each political formation shall recognize in its annual accounts, classified in specific headings according to its electoral nature, the proportional share corresponding to it, according to the percentages of participation established in the coalition pacts, of the assets it controls in conjunction with the other coalition members and the liabilities in which they have jointly incurred. In addition, the proportional share corresponding to the income received to finance the electoral campaign and the expenses incurred in the electoral campaign by the electoral coalition shall be recognized.

The electoral coalition that maintains its activity during the term of the legislature will formulate its own annual accounts. In the event of the liquidation of the same, each of the political formations constituting the coalition shall, in their respective annual accounts, integrate the corresponding proportion of the assets resulting from the settlement.

The recognition and valuation of such assets, liabilities, income and expenses shall apply the criteria set out in the relevant recognition and valuation standard.

17. Changes in accounting criteria, errors and accounting estimates

When a change of accounting criterion occurs, which shall only be carried out in accordance with the principle of uniformity, it shall be applied retroactively and its effect shall be calculated from the oldest financial year for which information is available.

The income or expenditure corresponding to previous years arising from that application shall motivate, in the year in which the change of criterion occurs, the corresponding adjustment for the cumulative effect of the changes in the assets and liabilities, which shall be directly imputed to equity, in particular, in a reserve item except that it will affect an expense or income that was imputed in the previous financial years directly on another item of equity. The figures concerned shall also be modified in the comparative information of the financial years for which the change in the accounting criterion is affected.

In the correction of errors related to previous exercises, the same rules will apply as for changes in accounting criteria. For these purposes, errors or omissions in the annual accounts of previous financial years for failure to use, or failure to do so adequately, reliable information that was available when formulated and that the Political training could have been obtained and taken into account in the formulation of these accounts.

However, adjustments in the book value of assets or liabilities, or in the amount of the future consumption of an asset, which are a consequence of obtaining information, shall be classified as changes in accounting estimates. additional experience or knowledge of new facts. The change in accounting estimates shall be applied in a forward-looking manner and its effect shall be charged, according to the nature of the transaction concerned, as income or expenditure in the profit or loss account for the financial year or, where appropriate, directly to the equity net. The eventual effect on future exercises will be imputed in the course of these exercises.

Whenever accounting criteria changes or errors are made for previous exercises, the corresponding information must be incorporated into the annual accounts memory.

The changes in accounting estimates that have produced significant effects in the current financial year, or which are to be produced in subsequent years, shall also be reported in the memory.

18. Acts after the end of the exercise

Any subsequent events which show conditions which already existed at the end of the financial year shall be taken into account for the formulation of the annual accounts. These subsequent events will motivate the annual accounts, depending on their nature, an adjustment, information in memory or both.

The events following the end of the financial year which show conditions which did not exist at the end of the financial year do not amount to an adjustment in the annual accounts. However, where the facts are of such importance that, if no information is provided on the matter, the assessment capacity of the users of the annual accounts could be distorted, the information should be included in the report. nature of the subsequent event together with an estimate of its effect or, where appropriate, a manifestation of the impossibility of making such an estimate.

In any case, any information that may affect the application of the principle of continuity of economic activity shall be taken into account in the formulation of the annual accounts. Accordingly, the annual accounts shall not be drawn up on the basis of that principle if the higher body of the political formation, even after the end of the financial year, has agreed to its dissolution in accordance with its statutes.

THIRD PART

Annual accounts

I. RULES FOR DRAWING UP ANNUAL ACCOUNTS

1. Annual Consolidated Accounts of Political Training

1. The consolidated annual accounts are intended to provide the true picture of the assets, the financial situation and the results corresponding to the entire organization implemented by the political formation in order to carry out its activity, regardless of the degree of functional autonomy established, forming a single economic-financial reality.

2. In accordance with Article 14.Four of the Organic Law 8/2007 of 4 July 2007 on the financing of political parties, the consolidated annual accounts will be extended to the State, Autonomous, Regional and Provincial areas, including within the latter the activity of the local scope. Such annual accounts shall be the result, where appropriate, of the incorporation of the individual annual accounts made by each of the accounting units that make up your organisation.

In particular, in order to achieve the objective of the faithful image, it is considered necessary that the consolidated annual accounts be integrated:

a. The activity carried out in the institutional field by the Parliamentary Groups of the General Courts, the Legislative Assemblies of the Autonomous Communities, the General Boards of the Basque Historical Territories and the Groups of the Local corporations, where the party that has submitted the corresponding electoral candidacy exercises control of its activity or, where appropriate, in the proportional part.

b. The activity developed by the youth associations of the political formation and any other organization that could have been constituted within its organic structure.

3. In order to achieve this objective, the annual accounts must also integrate the activity developed by the companies controlled by the political formation and the foundations that have the qualification of related entities, in terms of regulated in the 11th rule of this third party.

4. As a general rule, the references included in this Accounting Plan to the annual accounts should be understood as being made to the consolidated annual accounts of the political training. However, in order to ensure that this rule is also useful for the elaboration of individual financial statements of the various territorial areas and, where appropriate, institutional, the most generic expression of the "annual accounts".

5. The consolidated annual accounts shall be drawn up by applying the method of global integration to their various territorial and institutional areas, in accordance with the principles laid down in the Rules for the Forms of Annual Accounts. Consolidated, approved by Royal Decree 1159/2010 of 17 September, with the necessary adaptations due to the uniqueness of the accounting officer. In the case of related foundations, societies and associations, the principles that correspond to those rules shall apply.

6. Where applicable, investments in group, associated and multi-group companies shall be accounted for in the individual annual accounts by applying the criterion set out in the Standard of Registration and Valuation 9. 'Financial Investments'.

7. In the consolidated annual accounts these investments shall be accounted for by applying the following criteria:

a. Investments in group companies will be applied to the global integration method, and

b. To investments in associated companies and multigroup the procedure for putting in equivalence.

8. The consolidated annual accounts of the federations of political formations and coalitions shall include those of the federated and coalition formations.

2. th Documents that integrate the annual accounts

Annual accounts comprise the balance sheet, the income statement, and the memory. These documents form a unit and must show the true image of the heritage, the financial situation and the results of the political formation.

Full memory, extends and comments on the information contained in the balance sheet and the results account.

3. Annual Accounts Form

1. All political formations, in order to contribute to the transparency of their economic and financial information, must draw up annual accounts at a rate of 12 months, coinciding with the end of each year with the end of each year. natural, except in cases of constitution or dissolution.

2. The consolidated annual accounts of the political parties required to forward their annual accounts to the Court of Auditors, once approved by the competent body in accordance with the statutes, shall be submitted by the maximum management body for the training policy, who will respond to its veracity. The time limit for referral to the Court of Auditors shall be no more than six months from the end of the financial year to which the annual accounts relate.

Also, in the event that the Court of Auditors requires the referral of its annual accounts to a political party not obliged to render its accounts periodically to the Court, for failing to comply with the requirements laid down in the Law Organic 8/2007, the approval and referral procedure shall be as provided for in the preceding paragraph.

In any case the annual accounts shall express the date on which they were formulated.

3. Once the corresponding elections have been held, as provided for in the electoral regulations, the political formation will produce a balance sheet of situation and account of results that reflect the economic and financial activity carried out during the period set in the respective electoral regulations adjusted to the models included in this third part of the Plan.

Without prejudice to the foregoing, the operations of the electoral activity shall be integrated in the annual accounts as indicated in the rules for the registration and valuation of this Plan. Where the activity is carried out in two financial years, the information to be included in the annual accounts results statement, in respect of income and electoral expenditure, shall in any event be related to the closure of the financial year.

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

5. The annual accounts shall be drawn up by expressing their values in euro.

4. Annual Accounts Structure

1. The annual accounts of the political groups shall be adapted to the standard model, for their formulation at the end of the financial year and for their presentation after the corresponding elections.

2. The political formations may use the models of annual abbreviated accounts if the following circumstances are met by the end of the financial year:

(a) that the total of the asset items does not exceed EUR 2,850,000.

b) That the amount of public and private resources does not exceed EUR 5,700,000.

This faculty may not be used when the political formation forms a parliamentary group in the Congress of the deputies either directly or because the federation or coalition in which it is integrated constitutes it.

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

4. The content of the abbreviated memory, which is included in the section on abbreviated models, has the character of minimum information to be completed by the political groups that can use it. Additionally, provided that such entities perform operations whose in-memory information is regulated in the normal model of the annual accounts and not on the abbreviated one, they will have to include such information in abbreviated memory.

5. First Rules Common to the Balance Sheet and the Results Account

Without prejudice to the provisions of the particular rules, the balance sheet and the income statement shall be made taking into account the following rules:

1. In addition to the figures for the financial year which is closed, the figures for each item shall be shown in the preceding year. For these purposes, where some and other effects are not comparable, either because there has been a change in the structure or because a change in the accounting criterion or the error of error is made, the preceding financial year must be adjusted, effects of its presentation in the financial year to which the annual accounts relate, reporting in detail in the report.

2. The criteria for the registration and assessment of one financial year shall not be amended except in exceptional cases which shall be indicated and justified in the Memory.

3. The items to which no amount corresponding in the financial year or in the preceding year are not included.

4. The structure of an exercise shall not be modified unless exceptional cases are indicated in the memory.

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

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

7. Items preceded by Arabic numbers in the balance sheet or letters in the income statement may be grouped together if they represent only an irrelevant amount to show the true picture or if clarity is favoured.

8. Where appropriate, each consignment shall contain a cross-reference to the relevant information within the memory.

6.

The balance sheet, comprising, with due separation, the entity's assets, liabilities and net worth, shall be made taking into account that:

1. The classification between current and non-current items shall be performed according to the following criteria:

a) The current asset will comprise:

-The assets that the political formation expects to sell, consume or perform in the short term, that is, within the maximum period of one year, counted from the date of the close of the financial year. As a result, non-current financial assets will be reclassified into streams in the appropriate part.

-Cash and other equivalent liquid assets, the use of which is not restricted, to be exchanged or used to cancel a liability at least within the year following the end of the financial year.

Other elements of the asset, in particular, tangible fixed assets, intangible assets, real estate investments and historical-artistic assets, shall be classified as non-current.

(b) Current liabilities shall comprise:

-Obligations whose maturity or extinction is expected to occur in the short term, i.e. within a maximum of one year, from the date of the close of the financial year; in particular, those obligations for the the political formation does not have an unconditional right to defer payment within that period. As a result, non-current liabilities shall be reclassified into streams in the relevant part.

-Financial liabilities accounted for at fair value, except for financial derivatives with a settlement period of more than one year.

Other items in the liability will be classified as non-current.

2. The impairment valuation corrections and the accumulated write-downs shall be the basis of the asset item in which the relevant asset item is listed.

3. Without prejudice to the prohibition for the development of activities of a commercial character, the land or buildings which the entity is intended to obtain from lease or possess in order to obtain capital gains through its own disposal, outside the ordinary course of their operations, shall be included under heading A. IV. "Real estate investments" of the asset.

4. Where the political formation has credits with affiliates, members and supporters with a maturity of more than one year, the heading A. VI shall be created in the non-current asset, with the name 'Affiliates, adhered and long-term supporters'.

5. Grants, donations and legacies pending results, as provided for in the standard of registration and valuation n. º 15 "Grants, donations and legacies received" shall be recorded in the sub-grouping A-2 " Variations assets to be imputed to results ".

6. If the entity applies the accounting technique of cash flow hedging operations, in accordance with the provisions of the General Accounting Plan, the value changes of the hedging instrument shall be recognised under heading IV. 'Cash flow hedges' to be created for that purpose within the A-2 sub-pool of the net worth of the balance sheet.

7. Results Count

The profit or loss account includes the savings or savings in the period, consisting of the income and expenses of the same, except where appropriate direct imputation to the net worth in accordance with the rules of registration and assessment. The result count shall be formulated taking into account that:

1. Revenue and expenditure shall be classified in accordance with its economic nature, with the difference between the revenue and expenditure of the ordinary activity of those from the electoral activity. In turn, the income and expenses of the electoral activity will be differentiated by the derivatives of propaganda and electoral advertising.

2. The amount corresponding to the income derived from the party's own activity shall be reflected in the income statement for its net amount of returns and discounts.

3. Grants, donations and legacies received, taking into account the content of the registration and valuation standard number 15, shall be reflected in the following items in the normal model of the income account:

(a) The annual grants received for ordinary operating expenses, the extraordinary grants and the contributions of the institutional groups, all of which come from public funding, will be reflected in (a), (b) and (c), respectively. Public grants for the financing of electoral expenses shall be reflected, according to their legal distribution, in items 8.a) "Grants for election results "and 8.b) "Grants for election submissions."

(b) The grants to cover security costs and all those received by a finalist shall be attributed to results, through items 1 (d) "Imputation of grants for security expenditure " and 1.e) "Other grants imputed to the results of the financial year, respectively.

(c) Monetary donations and legacies shall be reflected in item 2.b.1) "Donations and legacies of the financial year ", while those for the financing of the electoral activity shall be reflected in item 9" Revenue "private electoral". The non-monetary character shall be imputed to results through item 2.b.2) "Imputations of donations and legacies to results of the financial year ".

4. Revenue from shares and contributions from affiliates, adwounded and sympathizers shall be reflected in items 2.a.1) "Affiliate quotas ", 2.a.2) "Public office charges" and 2.a.3) "Other contributions from members, attached and assigned to the sympathizers " of the normal results account model. Losses due to impairment of credits with affiliates, adinjuries and supporters shall be reported in item 4.c) of the normal model.

5. Heading 2 (c). 'Excess of provisions' means reversions of provisions in the financial year, with the exception of those relating to staff which are reflected in item 3. 'Personnel expenses' and those derived from commercial transactions that are reflected in item 4.c) of the normal model.

6. The revenue and expenditure incurred by the hedging instruments which, in accordance with the General Accounting Plan, are to be charged to the profit or loss account, shall be included in the item of expenditure or revenue, respectively, which is generated by the cover, reporting in detail in the memory.

7. Where appropriate, the costs associated with a restructuring shall be recorded in the corresponding items on the basis of their nature and shall be reported in the accounts of the annual accounts of the overall amount of the accounts and, where significant, of the amounts included in each of the items.

8. In the event that the political formation presents an exceptional and significant amount of revenue or expenditure, such as floods, fires, fines or penalties, a consignment with the name 'Other' shall be established. results ", forming part of the result of non-electoral activity, and will be reported in detail in the memory.

9. Income from immovable property and rights of patrimonial content which are the subject of restitution or compensation in favour of political training under the provisions of Law 43/1998 of 15 December 1998 shall be the amount The value of the money received or the part attributed to the results, with the appropriate breakdown in item 7. "Restitution or compensation of seized property and rights (Law 43/1998)" of the normal model of the income statement.

10. Revenue and expenditure of a financial character shall be recorded in the relevant items. In the case of financial expenses, its ordinary or electoral nature will be differentiated. The estimated interest calculated according to the electoral regulations up to the corresponding electoral grant, which is reflected in item 6.b) "Estimated financial expenses " of the account of the results of the activity It shall be adjusted in order to ensure that the financial expenditure actually accrues at the end of the financial year.

8. Information on cash flows

Information on the origin and use of cash representative cash assets and other equivalent liquid assets shall be shown in the statement of cash flows, classifying movements by activities. and indicating the net variation of that magnitude in the financial year.

It is understood by cash and other equivalent liquid assets, which as such are set out in item B. VI of the balance sheet asset, i.e. the cash deposit deposited in the entity's cash deposit box, the bank deposits in the view and the financial instruments that are convertible into cash and that at the time of their acquisition, their maturity is not more than three months, provided that there is no significant risk of changes in value and are part of the normal management policy of the entity's treasury.

This information on cash flows will be made taking into account that:

1. The common rules laid down for the drawing up of the balance sheet and the profit or loss account shall apply.

2. Cash flows from management activities are caused by the activities that constitute the main source of income from political training, as well as by other activities that cannot be classified as investment. or financing. The change in cash flow caused by these activities shall be shown by their net amount, with the exception of cash flows corresponding to interest and income taxes, which shall be reported separately.

For these purposes, the result of the pre-tax year will be corrected to eliminate expenses and revenues that have not produced a cash movement and incorporate the transactions of previous years. collected or paid in the current, separately classifying the following concepts:

a) The settings to remove:

-Value adjustments, such as write-downs, impairment losses, or results arising from the application of fair value, as well as changes in provisions.

-Operations to be classified as investment or financing activities, such as results in the disposal of fixed assets or financial instruments.

-Remuneration of financial assets and financial liabilities whose cash flows are to be shown separately as provided for in paragraph (c) below.

b) Changes in current capital that have their origin in a difference in time between the actual current of goods and services of their activities and their monetary current.

c) Cash flows by interest, including those accounted for as the largest asset value.

d) Cash flows by profit tax.

3. Cash flows by investment activities are the payments that have their origin in the acquisition of non-current assets and other assets not included in the cash and other equivalent liquid assets, such as intangible fixed assets, materials, real estate investments or financial investments, as well as charges arising from their disposal or redemption at maturity.

Cash flows by financing activities include collections from resources granted by financial institutions or third parties, in the form of loans or other financing instruments, as well as payments made by redemption or repayment of the amounts contributed by them.

4. Flows from foreign currency transactions shall be converted into the functional currency at the exchange rate prevailing on the date on which each flow in question occurred, without prejudice to the use of a weighted average representative of the type The change in the period in cases where there is a high volume of transactions made.

If cash and other equivalent liquid assets are included in foreign currency assets, the statement of cash flows of the effect that the variation of the foreign currency rates has had on this heading shall be reported. change.

5. Policy formation should report any significant amounts of its cash balances and other cash equivalent liquid assets that are not available for use.

6. For non-cash transactions, in memory, significant investment and financing operations shall be reported which, because they have not resulted in changes in cash, have not been included in the statement of cash flows (by example, acquiring a fixed asset with deferred payment or an asset through a financial lease.)

In the event of an investment transaction involving cash or equivalent liquid assets and part of other items, the non-monetary party shall be reported on the non-monetary part. information on the cash or equivalent activity that has been included in the statement of cash flows.

7. The cash flows from the management activities and the financing activities will be shown by differentiating the affections to the ordinary activity and the electoral activity.

9. th Memory

Full, comprehensive and comments on the information contained in the other documents that make up the annual accounts. It will be formulated taking into account that:

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

2. In any event, in accordance with Article 14 of Organic Law 8/2007 of 4 July 2007 on the financing of political parties, the Report will include the relationship of public grants and private donations received from individuals. natural or legal persons with specific reference, in each of them, of the elements which enable the donor to be identified and the amount of the capital received. This information will look in an annex, with the appropriate breakdown.

The memory must be accompanied by an annex specifying in detail the contractual terms of the loans or loans of any kind that the party maintains with the credit institutions, identifying the entity, the amount granted, the interest rate, the repayment term and the debt outstanding at the end of the financial year with an indication of any relevant contingency regarding the fulfilment of the agreed conditions.

In the event that a debt renegotiation or write-off has occurred, detailed information will be incorporated into the memory of the conditions under which such operations have occurred.

In addition, in memory, any information that other regulations require to include in this document will be incorporated in the annual accounts.

3. Any other information not included in the model of the memory that is necessary to enable knowledge of the situation and activities of the political formation in the financial year shall be indicated, facilitating the understanding of the annual accounts the purpose of the presentation, in order for them to reflect the true image of the heritage, the financial situation and the results of the political formation; in particular, qualitative data relating to the situation of the previous exercise when this is significant.

In order to comply with the inclusion of information related to the local activity of political formations, the memory will collect information about the income received by any concept by the groups. or local bodies of political organisations-including municipal groups-and the amount of operations carried out for the acquisition of buildings and their financing; and information shall also be included with regard to the contributions performed by some and others to their corresponding formations.

4. The quantitative information required in memory shall relate to the financial year to which the annual accounts correspond, as well as to the previous year for which comparative information is provided, unless specifically an accounting standard

5. As set out in note 4 of the memory, it shall be adapted for presentation, in any case, in a synthetic manner and in accordance with the requirement of clarity.

6. The memory shall contain an explanatory section of the operations carried out, directly or indirectly, with the management staff of the political organisation, with the understanding of the members of the maximum party management bodies, federations, confederations and political groupings, as well as of the societies, associations and foundations which are linked to each of these entities; including, where appropriate, those which may be directed by those close to them.

10. Third Intermediate Financial Statements

Intermediate financial statements will be presented with the form and criteria set for the annual accounts.

11. Related Parties

1. In general, an entity is considered to be linked to another entity when one of them or a set acting in concert exercises or has the possibility to exercise, directly or indirectly or under covenants or agreements, control over another or an influence significant in the financial and exploitation decision-making of the other or when they agree among them a joint and coordinated action of the political activity involving the joint presentation in the elections and their continuity during, less, the term of the legislature, regardless of its formalization through federations, coalitions or other legal figures.

2. For the purposes of the presentation of the annual accounts of a political formation, a company shall be deemed to be linked to a party where it maintains a direct or indirect control relationship, analogous to that provided for in Article 42 of the Code. (a) trade for groups of companies; or where institutions are controlled by any means by one or more natural or legal persons linked to political training, acting jointly or under the sole direction of statutory agreements or clauses.

3. It will be assumed that a foundation is linked to a party, in order to fulfill the duty of reporting in the individual annual accounts of the political formation in the terms required by this Plan, when some of the following are present circumstances:

(a) That the foundation has been constituted with a direct or indirect majority contribution of political formation.

b) That their founding patrimony, with a permanence character, consists of more than 50 per 100 for goods or rights contributed or transferred by the political formation.

c) That the political formation control the Board in similar terms to the ones that are regulated for the mercantile society the linkage in article 42 of the Code of Commerce.

4. With regard to the economic activity of the parliamentary groups of the General Courts, the Legislative Assemblies of the Autonomous Communities, the General Boards and that of the political groups in the Local Corporations, it will be presumed that, Unless proof to the contrary, these groups are linked to the political party that presented the electoral candidacy for which its members were elected, regardless of the degree of autonomy established in the economic activity of the same.

5. In the case of youth organisations which are not integrated into the organisation of the party by maintaining an independent legal structure, it is understood that there is a link when the general circumstances defined in the paragraph are met. first of this section.

6. In any case, it will be understood that there is a link between the parties that make up the federations and coalitions.

7. An entity shall be understood to be associated when, without any linkage in the terms above, the entity or the dominant natural persons exercises over such entity a significant influence by having a stake in it which, creating with this a durable linkage, it is intended to contribute to its activity.

8. In this sense, it is understood that there is significant influence on the management of another entity, when the following two requirements are met:

a) That the political formation or related entities participate in the entity.

b) That you have the power to intervene in the financial and operating policy decisions of the investee, without getting control.

9. Also, the existence of significant influence can be evidenced through any of the following ways:

a) Representation in the governing body of the participating entity.

b) Participation in policy-setting processes.

c) Transactions of relative importance to the investee.

d) Exchange of management personnel.

e) Provision of essential technical information.

10. Unless otherwise proved, there is a presumption that there is significant influence when the political formation or one or more entities of the group, including the dominant physical entities or persons, has at least 20 per 100 of the voting rights of the group. another entity.

12. th Annual Amount of Public and Private Resources

The annual amount of public and private resources shall be determined by the arithmetic sum of items 1, 2 (a), 2 (b) 8 and 9 of the income account.

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