With the entry into force of Royal Decree 1491/2011 of 24 October, approving the rules of adaptation of the General Plan of Accounting to non-profit entities and the model of plan of action of the For non-profit-making entities, a useful financial reporting framework is made available to these accounting subjects, in line with the General Accounting Plan and, as a consequence, with international financial reporting standards, the Systematic implementation will allow the funds, beneficiaries and other stakeholders to contribute to the the activity developed by these entities, they may know the true picture of their assets, the financial situation and the changes in net worth during the financial year.

The adaptation rules adopted in 2011, in force for the financial years starting from 1 January 2012, have the same structure as the General Accounting Plan, without prejudice to the fact that, At the time it was considered appropriate to collect only the specific rules of these entities, that is to say, those that are most closely related to the activities carried out in the performance of their purposes, without any encouragement profit, irrespective of whether the delivery of the goods or the provision of the service is granted in a manner free or by way of consideration.

In coherence with the standardisation technique followed, Article 5 of Royal Decree 1491/2011 of 24 October 2011 points out that in everything not specifically modified by the rules of adaptation, non-profit-making entities The General Accounting Plan should be applied, as provided for in Royal Decree 1514/2007 of 16 November, as well as the sectoral adaptations and the Resolutions of the Institute of Accounts and Audit of Accounts (ICAC) approved by the protection of the first and third final provisions, respectively, of the said royal decree.

In this context, with the aim of providing these accounting subjects with a single operational framework containing all the elements necessary for the recording of the operations they can carry out, including those arising, in The final Disposition of Royal Decree 1491/2011, of 24 October, enables the ICAC to produce, by resolution, a text that in a recast form the Plan of Accounting of Non-Profit Entities, considering the specific regulation approved.

This Resolution comes to fulfill the aforementioned mandate. To this end, the ICAC has drawn up the recast text which is included as Annex I, with submission, as it could not be otherwise, to the criteria approved by Royal Decree 1491/2011 of 24 October, incorporating all the Criteria of the General Accounting Plan that are of common application to companies and to these entities.

In short, this Resolution fully incorporates both texts, without any innovation or modification of the provisions mentioned in the above rules, without prejudice to the adaptations which have been necessary in certain cases on the basis of the legal nature of the entities to which it is directed. In this sense, special care has been taken in the compilation work to identify the aspects that are included in the General Accounting Plan, for example, operations with own equity instruments or compound financial instruments, have no place in this type of entity.

Similarly, regulation on business combinations has also not been included, either because it is considered that its application to these entities is not provided for in its substantive regulation, such as the operations of merger or division, or because it has no relevance in its day-to-day operation as would be the case for the acquisition of a business on the basis of a sale, without prejudice to the fact that the entity has to apply the provisions to that effect for the undertakings in question assumption that the operation would be produced.

The Accounting Plan of the Non-Profit Entities, as well as the adaptation rules of 1998, has as the recipient the aforementioned entities, being of obligatory compliance for the foundations of competition state and public utility associations, without prejudice to the fact that other entities may be compulsorily included within their scope if the relevant substantive rule so provides.

In this sense, it would be desirable that if the respective regulatory standard imposes the obligation to carry an accounting that expresses the faithful image of the patrimony, the financial situation and the results of the entity, the record, assessment and presentation of the operations in the annual accounts would be carried out on the basis of the integrity of the criteria that are now approved, thus being discouraged by an "à la carte" application.

For all of the above, this Institute of Accounts and Audit of Accounts, according to the final Disposition first of Royal Decree 1491/2011, of October 24, gives the following Resolution:

Standard first. Approval of the Accounting Plan of non-profit entities.

The Accounting Plan for non-profit entities, the text of which is inserted below, is approved as an annex to this Resolution.

Standard second. Application of the Accounting Plan of non-profit entities.

1. The Accounting Plan for non-profit-making entities shall be mandatory for all state competition foundations and public utility associations. In particular, it will apply to the foundations of the state public sector that make up the public sector.

2. By way of derogation from the above paragraph, the accounting movements included in the fifth part and the numbering and denomination aspects of accounts included in the fourth part shall not be binding, except for those aspects containing criteria for registration or assessment.

Madrid, March 26, 2013. -President of the Accounting and Audit Institute, Ana María Martínez-Pina García.

ANNEX

Non-profit entities accounting plan

FIRST PART

Accounting conceptual framework

1. Annual Accounts. True image.

The annual accounts of a non-profit entity comprise the balance sheet, the profit and loss account, and the memory. These documents form a unit.

Full, comprehensive and comments on the information contained in the balance sheet and the results account. In particular, it shall contain a detailed description of the cash flows and the degree of compliance with the entity's activities, as indicated in the third part of this Accounting Plan.

The annual accounts must be clearly worded so that the information provided is understandable and useful for the contributors, beneficiaries and other stakeholders, and must show the true image of the heritage, of the situation financial and variations arising from the net worth during the financial year, as well as the activity carried out, in accordance with the legal provisions.

To this end, in the accounting of transactions, the economic reality and not only its legal form will be addressed, and the annual accounts must include relevant and reliable information on the following aspects:

-The degree of performance in the exercise of the activities planned to meet the objectives of the entity.

-The nature of the entity's assets, liabilities and net worth. In particular, the restrictions on which the assets are subject shall be reported.

-The surplus of the year as a result of the activities carried out, and measure of the self-financing capacity of the entity, showing the variation of net worth originating in the period for this concept.

-The total variation of the entity's net worth, as an expression of its future viability and the ability to meet the general interest purposes entrusted to it.

When it is considered that compliance with the requirements, principles and accounting criteria included in this Plan is not sufficient to show the true image, the additional information will be provided in the memory accurate to achieve this goal.

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, the memory will sufficiently motivate this circumstance and explain its influence on the equity, financial situation and results of the entity.

The accounting officer who reports as an individual legal person, within the framework of this Plan, will do so independently of the group of entities to which he may belong, without prejudice to the information breakdowns to be incorporated in the the annual accounts.

The entities to which these rules are addressed, together with the non-profit activity, may carry out lucrative activities of a commercial character with the objective of contributing to the financial viability of those entities provided that the The legal regime applicable to it does not prohibit it. The purpose of this Plan is to regulate the accounting treatment of all the activities carried out by the institution, both those carried out in the performance of its purposes, without profit, regardless of whether the service or service is provide for free or through consideration, such as business activities that you can perform.

2. º Requirements of the information to be included in the annual accounts.

The information included in the annual accounts must be relevant and reliable.

Information is relevant when it is useful for decision-making, that is, when it helps to evaluate past, present, or future events, or to confirm or correct previously performed assessments. In particular, in order to comply with this requirement, the annual accounts should adequately show the extent to which the objectives set for the institution in the financial year are met, derived from the purposes of their activity.

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.

Additionally, financial information must meet the qualities of comparability and clarity. Comparability, which should be extended to both the annual accounts of a non-profit-making entity over time and those of different entities at the same time and for the same period of time, should enable the situation and activity of the institutions to be contrasted. entities, and involves similar treatment for transactions and other economic events occurring in similar circumstances. For its part, clarity implies that, on the basis of a reasonable knowledge of the activities of the entity, the role of volunteering, projects and programmes, accounting and finance, the users of the annual accounts, by means of a Diligent examination of the information provided, trials that facilitate decision-making can be formed.

Financial information is useful for the decision-making process, but at the same time, it 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 non-profit entities and, in particular, the recording and valuation of the elements of the annual accounts, shall be developed by obligatorily applying the accounting principles set out below:

1. Entity in operation. Unless proof to the contrary, the activity of the entity intended to achieve its purposes shall be considered to continue for the foreseeable future, and the application of the accounting principles and criteria is not intended to determine the the value of the net worth for the purposes of its overall or partial transmission, or the amount resulting in liquidation.

In cases where this principle does not apply, in the terms that are determined in the implementing rules of this Plan, the entity shall apply the rules of registration and valuation that are best suited to reflect the true image of the operations intended to carry out the asset, cancel the 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. Accrual. The effects of transactions or economic events shall be recorded when they occur, with the result that the year to which the annual accounts relate to the expenditure and revenue affecting the financial year, irrespective of the date of their payment or their recovery.

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. The prudence does not justify that the valuation of the assets does not respond to the faithful image that must reflect the accounts year.

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 risks, with origin in the financial year or in the previous year, as soon as they are known, even if they were only known between the date of closure of the annual accounts and the date on which they were issued. 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. º Elements of annual accounts.

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 the entity as a result of past events, of which the entity is expected to obtain profitable returns in its future activity. In particular, this definition will be met by those who incorporate a service potential for the users or beneficiaries of the entity.

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

3. Net worth: It constitutes the residual part of the assets of the institution, after deduction of all liabilities. It includes contributions made in the form of a fund or social fund, either at the time of its formation or in subsequent cases, by the founders or associates, who do not have the consideration of liabilities, as well as the surplus accumulated or other variations affecting you.

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

4. Income: Increments in the entity's net worth during the financial year, either in the form of inflows or increases in the value of the assets, or in the form of a decrease in liabilities, provided that they do not originate in new contributions, whether monetary or not, to the foundational endowment or social fund.

5. Expenditure: Decrements in the entity's net worth 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 surplus for the year is the difference between the income and expenses incurred in the period to which the annual accounts relate, except those that are directly accounted for in the net worth.

The entity's profit or loss account shall show the changes in the net worth originating in the financial year. In particular, the variation resulting from the surplus of the financial year shall be presented with due breakdown.

5. Registration criteria or accounting recognition of the items in the annual accounts.

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

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 does not detract from its reliability. In particular:

1. Assets should be recognised in the balance sheet where the acquisition is likely to be made from the same returns as they can be used in their future activity, and provided that they can be reliably assessed. 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 will be delivered or transferred that incorporate profitable returns in their future activity, and provided that they can be assessed with reliability. 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 institution, 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 an expense takes place as a result of a decrease in the resources of the institution, 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 revenue and expenditure incurred in the year, in the case where it is relevant, a correlation between the two, which in no case may lead to the record of assets or liabilities that do not meet the definition of assets or liabilities.

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 Accounting Plan of non-profit entities.

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 purchase price or production cost.

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 cost of production includes the purchase price of the raw materials and other consumable materials, the price of the factors of production directly attributable to the asset, and the fraction that reasonably corresponds to the costs (a) production indirectly related to the asset, to the extent that they relate to the period of production, construction or manufacturing, are based on the level of use of the normal working capacity of the means of production and are necessary for the putting of the asset under operating 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 on an active market shall be the best fair value benchmark, on the basis of the active market where the following conditions are met:

a) Goods or services exchanged on the market are homogeneous;

b) They can be virtually at any time buyers or sellers for a certain good or service; and

c) Prices are known and easily accessible to the public. These prices additionally reflect actual, current, and regularly produced market transactions.

For those elements for which there is no active market, the fair value shall be obtained, where appropriate, by the application of valuation models and techniques. Models and valuation techniques include the use of references to recent transactions under conditions of mutual independence between interested parties and duly informed parties, if available, as well as references to value other assets that are substantially equal, estimated future cash flow discount methods and models generally used to assess options. In any event, the valuation techniques used must be consistent with the methodologies accepted and used by the market for pricing, and should be used, if any, the valuation technique used by the market shown to be the one that gets more realistic estimates of prices.

The valuation techniques used should maximize the use of observable market data and other factors that market participants would consider when setting the price, limiting as much as possible the use of subjective and non-observable or verifiable data considerations.

The entity shall assess the effectiveness of the valuation techniques it uses on a regular basis, using as a reference the observable prices of recent transactions in the same asset that is valued or used by the entity. prices based on data or observable market indices that are available and applicable.

The fair value of an asset for which there are no comparable transactions on the market can be reliably assessed if the variability in the range of estimates of the fair value of the asset is not significant or the probabilities of the different estimates, within that range, can be reasonably assessed and used in the estimation of fair value.

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 or production cost, which is, where appropriate, minorised by the corrective items of their value which may correspond, making reference in the memory of this fact and of the circumstances that motivate him.

3. Net realizable value.

The net realisable value of an asset is the amount that the entity can obtain for its disposal on the market, in the normal course of the activity, deducting the estimated costs necessary to carry it out, as well as, in the the case of raw materials and products in progress, the estimated costs necessary to complete their production, construction or manufacture.

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 entity would not have incurred the decision to sell, excluding financial expenses and profit taxes. 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, issuance, disposal or other form of disposal of a financial asset, or to the issuance or assumption of a financial liability, in which it would not have been incurred if the entity 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 entity 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 have reached the age and other conditions that you are expected to have at the end of your life.

Useful life is the period during which the entity 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 depreciated in order to reflect the asset under its current conditions and thus consider the service potential already consumed from 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 entity's activity.

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 shall be considered.

7. Principles and generally accepted accounting standards.

Generally accepted accounting principles and standards are considered for non-profit entities 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 to be recorded by the non-profit and the regulated entity in the market.

(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. th 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 the registration and valuation of the non-profit-making entities set out below are based on the special nature of their non-cash-flow assets, or on the need to develop certain assets. operations that occur more frequently in these entities.

3. The rules for the registration and valuation of the non-profit-making entities set out below are of mandatory application.

2. Inmobilized material.

1. Definitions.

(a) Assets of fixed cash flow generators: they are the ones that are held in order to obtain a profit or to generate a commercial return through the delivery of goods or the provision of services.

An asset generates a commercial performance when it is used in a manner consistent with that adopted by profit-making entities.

The possession of an asset to generate a commercial performance indicates that the entity intends to obtain cash flows through that asset (or through the cash-generating unit to which the asset belongs) and obtain a cash flow. performance that reflects the risk involved in owning it.

(b) Non-cash-flow-generating fixed assets: are those that are held for a purpose other than that of generating a commercial return, such as the social economic flows that generate such assets and which benefit the community, that is, their social benefit or potential for service.

On certain occasions, an asset, although maintained primarily to produce social economic flows for the benefit of a collectivity, may also provide commercial returns through a portion of its assets. facilities or components or through an incidental use and different from their main use. Where the cash flow generating component or use can be considered as an accessory with respect to the main objective of the asset as a whole, it cannot operate or operate independently of the other components and facilities members of the asset shall be considered in full as non-cash flow generator.

In some cases it may not be clear if the primary purpose of owning an asset is to generate or not a commercial performance. In these cases, and given the general objectives of the non-profit entities, there is a presumption that, with the exception of clear evidence to the contrary, such assets belong to the category of non-cash-flow-generating assets.

In the assumption that a property asset that did not generate cash flows will be used in gainful activities, developed by the entity itself, it will reclassify the value in books at the moment in time. there is clear evidence that such reclassification is appropriate.

A reclassification, by itself, does not necessarily cause a deterioration check or a reversal of impairment loss.

(c) Operating or service unit: is the smallest identifiable group of assets that generates profitable returns in the activity of the entity that are, to a large extent, independent of derivatives of other assets or asset groups.

2. Initial assessment.

Goods included in the tangible fixed assets shall be valued at their cost, either the purchase price or the cost of production.

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

It shall also form part of the value of the tangible fixed assets, the initial estimate of the current value of the assumed liabilities arising from the decommissioning or withdrawal and other associated with the asset, such as the costs of rehabilitation of the place on which it is based, provided that these obligations result in the registration of provisions in accordance with the provisions of the applicable law.

For immobilized persons who need a period of more than one year to be in conditions of use, the purchase price or production cost shall include the financial expenses that have become due prior to the under conditions of operation of the tangible fixed assets and which have been provided by the supplier or correspond to loans or other types of financing other than, specific or generic, directly attributable to the acquisition, manufacture or construction.

2.1 Acquisition price.

The purchase price includes, in addition to the amount invoiced by the seller after deducting any discount or price markdown, all additional and directly related expenses that occur until their entry into operating conditions, 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.

Debts for the purchase of fixed assets shall be valued in accordance with the provisions of the Financial Instruments Standard.

2.2 Production cost.

The cost of production of the elements of the immobilized material manufactured or constructed by the entity itself will be obtained by adding to the purchase price of the raw materials and other consumable materials, the other costs directly imputable to such goods. The proportion which reasonably corresponds to the costs indirectly attributable to the goods in question shall also be added to the extent that such costs correspond to the manufacturing or construction period and are necessary for the implementation of the active in operating conditions. In any event, the general criteria for determining the cost of stocks shall apply.

2.3 Permutas.

For the purposes of this Plan, 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.

2.3.1 Goods of fixed assets non-cash flow generators.

The tangible fixed assets received will be valued for the book value of the delivered in exchange for more, if any, the monetary compensatory amounts paid or outstanding, with the limit of the fair value of the fixed assets received if This was less. The transferred fixed assets shall be reduced by their value in books.

When there are impairment losses affecting the fixed assets, the difference between their purchase price and their 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.

To swap swaps for which generators and non-cash flow generators are exchanged, the criteria included in the following paragraph shall apply to them.

2.3.2 Goods of fixed assets for cash flow generators.

In commercial swap transactions, the tangible fixed assets received shall be valued at the fair value of the asset delivered more, where appropriate, the monetary compensatory amounts that would have been delivered in return, except a clearer evidence of the fair value of the asset received and the limit of the asset received. The valuation differences that may arise when the item is discharged in return will be recognized in the results account.

A permuse will be considered to have a commercial character if:

a) The configuration (risk, timing, and amount) of the cash flows of the received fixed assets differs from the configuration of the cash flows of the delivered asset; or

b) The current value of the after-tax cash flows of the entity's activities affected by the swap is modified as a result of the transaction.

In addition, it is necessary that any of the differences arising from previous causes (a) or (b) be significant when compared to the fair value of the assets exchanged.

Where the swap is not commercial or if a reliable estimate of the fair value of the elements involved in the transaction cannot be obtained, the fixed assets received shall be valued at the book value of the goods delivered more, where applicable, the monetary compensatory amounts that would have been delivered in return, with the limit, where available, of the fair value of the fixed assets received if it was less.

2.4 Contributions of immobilized to the endowment or social fund.

Assets of fixed assets received as a non-cash contribution to the endowment or social fund shall be valued at fair value at the time of the contribution.

3. Further assessment.

After initial recognition, the elements of the tangible fixed assets shall be valued for their purchase price or cost of production minus the accumulated depreciation and, where applicable, the cumulative amount of the Recognised impairment value adjustments.

3.1 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 or commercial obsolescence that may affect them.

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. The same shall apply in the case of reversal of the impairment valuation corrections.

3.2 Impairment of value.

At least at the end of the financial year, the institution shall assess whether there are indications that any tangible assets or, where appropriate, any operating or service unit may be impaired, in which case it shall estimate its amounts recoverable by making the appropriate value adjustments.

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.

The calculations of the deterioration of the elements of the immobilized material will be carried out individually. If it is not possible to estimate the recoverable amount of each individual asset, the entity shall determine the recoverable amount of the operating or service unit to which each item of the fixed asset belongs.

3.2.1 Impairment of asset value of fixed assets non-cash flow generators.

The impairment of a non-cash flow asset is the loss of service potential of an asset, other than the systematic and regular depreciation that constitutes amortization. The deterioration therefore responds to a decrease in the utility that provides the asset to the entity that controls it.

A impairment loss shall occur on the value of an item of the fixed non-cash flow material when its accounting value exceeds its recoverable amount, understood to be the largest amount between its value less reasonable sales costs and their value in use. For this purpose, the value in use shall be determined by reference to the replacement cost.

In the event that the institution is required to recognise a impairment loss on an operating or service unit, it shall reduce the accounting value of the assets that make it up in proportion to its book value, up to the limit of the highest value. between the following: their fair value minus the selling costs, their replacement cost, and zero.

3.2.2 Impairment of asset value of fixed cash flow generators.

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.

In the event that the entity is required to recognise a impairment loss of a cash-generating unit to which all or part of a goodwill has been allocated, it shall first reduce the book value of the goodwill corresponding to that unit. If the impairment exceeds the amount of the impairment, second, it shall reduce in proportion to its accounting value that of the other assets of the cash-generating unit up to the limit of the highest value among the following: its fair value minus the selling costs, their value in use and zero.

4. Low.

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

Credit for the sale of fixed assets shall be valued in accordance with the provisions of the Financial Assets Standard.

4.1 Low assets of fixed assets non-cash flow generators.

The assets of the fixed non-cash-flow material will be discharged at the time of disposal or disposal by another means or when a potential for service of the assets is not expected to be obtained in the future. same.

4.2 Low assets of fixed cash flow generators.

The elements of the fixed cash flow generating material shall be discharged at the time of disposal or disposal by another means or when no future economic returns or returns of the cash flows are expected. same.

5. Immobilized by the entity without consideration.

The deliveries or disposals of a fixed asset without consideration, in perpetuity or for a time equal to or greater than the useful life of the asset, in compliance with the non-profit of the entity, shall be counted as an expense in the results count by the in-book value of the given asset.

If the transfer is for a period of less than the useful life of the fixed asset, the expenditure shall be recognised for an amount equal to the value in books of the transferred right using as a counterpart a clearing account for the fixed assets. For the case of depreciable assets, the balance of the clearing account shall be reclassified to the accumulated amortisation over the time of the transfer as the systematic depreciation of the asset occurs.

3. Special Rules on Material Immobilized.

In particular, the following rules will apply to the goods that are listed in each case:

a) Unbuilt Solares. The costs of conditioning, such as closures, the movement of land, drainage and drainage works, the demolition of buildings where necessary in order to be able to carry out new plant works, the costs of the purchase of new plant, inspection and lifting of plans when carried out on the basis of their acquisition, as well as, where appropriate, the initial estimate of the present value of the present obligations arising from the costs of solar rehabilitation.

The grounds normally have an unlimited life and therefore do not depreciate. However, where rehabilitation costs are included in the initial value, because the conditions laid down in paragraph 2 of the standard relating to tangible fixed assets are met, that portion of the land shall be amortised over the period in question. the economic benefits or returns to be incurred for having incurred those costs.

In the case of land qualified as assets of the fixed assets non-cash flow generators, if the initial value includes rehabilitation costs incurred on a regular basis to preserve the capacity of the service, that portion of the land shall be amortised as the service potential of the said asset is consumed.

b) Constructions. Its purchase price or cost of production shall be composed of, in addition to all those installations and elements which are of a permanent nature, the fees inherent in the construction and the optional project and management fees. works. The value of the land and buildings and other buildings shall be assessed separately.

c) Technical installations, machinery and tools. Its valuation shall include all procurement or manufacturing and construction costs until it has been put into operation.

(d) The tools and tools incorporated into mechanical elements shall be subject to the valuation and depreciation rules applicable to such items.

Generally, utensils and tools that are not part of a machine, and whose period of use is estimated to be less than one year, shall be charged as expenditure for the financial year. If the period of their use is greater than one year, it is recommended, for reasons of operational ease, the annual regularisation procedure, by means of a physical account; acquisitions shall be debited from the fixed assets account, at the end of the financial year, depending on the inventory taken, with reasonable low per demerit.

Templates and moulds used on a permanent basis in series fabrications shall be part of the fixed material, calculating their depreciation according to the useful life period.

Custom moulds, used for insulated manufacturing, shall not be considered as inventorable unless they have a net realizable value.

(e) The expenditure incurred during the financial year in respect of the works and works which the institution carries out for itself shall be charged to the corresponding expenditure accounts. The current tangible fixed assets shall be charged for the amount of such expenses, with credit to the income item that collects the work performed by the entity for itself.

(f) The costs of renewal, extension or improvement of the assets of the tangible fixed assets shall be incorporated into the asset as the highest value of the asset in so far as they entail an increase in capacity, productivity or elongation of its assets. useful life, the accounting value of the items that have been replaced should be lowered.

g) The costs of renewal, extension or improvement of assets of the non-cash-flow non-generators shall be incorporated into the asset as a higher value of the asset as they result in an increase in the capacity of the fixed assets. service of the quoted asset, the accounting value of the items that have been replaced should be lowered.

(h) The impact of costs related to major repairs shall be taken into account in determining the amount of the fixed assets. In this respect, the amount equivalent to these costs will be amortised differently from the rest of the item, during the period up to the great repair. If these costs are not specified in the acquisition or construction, for the purpose of identification, the current market price for a similar repair may be used.

When the great repair is performed, its cost will be recognized in the book value of the immobilized as a replacement, as long as the conditions for its recognition are met. In addition, any amount associated with the repair which may remain in the book value of the fixed assets shall be reduced.

(i) 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 separable from the leased or transferred asset in use, shall be accounted for as tangible assets when they meet the definition of the asset. The depreciation of these investments will be made on the basis of their useful life, which will be the duration of the lease or lease-including the renewal period when there is evidence to bear that it will be produced-when it is is less than the economic life of the asset.

4. Real Estate Investments.

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

5. Intangible fixed assets.

The criteria laid down in the rules relating to fixed assets shall apply to the elements of intangible fixed assets, without prejudice to the provisions set out below, as laid down in the special rules on the intangible fixed assets as well as established for the goodwill in the business combinations rule of the General Accounting Plan.

1. Recognition.

For the initial recognition of a fixed asset of an intangible nature, it is necessary that, in addition to fulfilling the definition of the asset and the criteria for the recording or recognition of the accounting contained in the Conceptual Framework of the Accounting, meet the criteria for identifiability.

The cited identiability criterion implies that the immobilized will meet either of the following two requirements:

a) Be separable, that is, liable to be separated from the entity and sold, transferred, delivered for exploitation, leased or exchanged.

b) Surges legal or contractual rights, irrespective of whether such rights are transferable or separable from the entity or from other rights or obligations.

In no case shall the expenses incurred for the purpose of the establishment, the marks, the headers of newspapers or magazines, the stamps or the editorial names, the lists of clients or the other similar items, which have been generated internally.

2. Further assessment.

The entity will appreciate if the useful life of an intangible fixed asset is defined or indefinite. An intangible fixed asset will have an indefinite shelf life when, on the basis of an analysis of all relevant factors, there is no foreseeable limit to the period during which the asset is expected to generate profitable returns for the entity.

An intangible fixed asset with an indefinite shelf-life shall not be amortised, even if its eventual deterioration is to be considered whenever there are indications of it and at least annually. The useful life of an intangible fixed asset that is not being amortised will be reviewed every year to determine if there are facts and circumstances that allow an indefinite life for that asset to continue to be maintained. Otherwise, the lifetime of indefinite to defined shall be changed, proceeding as provided for in relation to changes in the accounting estimate, unless this is an error.

6. Special rules on intangible fixed assets.

In particular, the rules that are expressed with respect to the goods and rights that are indicated in each case shall apply:

a) Research and development.

to₁) Research and development expenses that meet the definition of non-cash flow-generating fixed assets.

The research expenditure shall be the expenditure of the financial year in which it is carried out. However, they may be activated as intangible fixed assets from the moment they meet the following conditions:

-Be specifically individualized by projects and their cost clearly set so that it can be distributed over time.

-Have good reasons for technical success and the generation of a service potential in the future activity of the project entity or projects in question.

The research expenditure listed in the asset must be amortised over its lifetime, and always within the five-year period; in the event that there are reasonable doubts about the technical success of the project or the generation of a service potential in the future activity of the institution, the amounts recorded in the asset shall be directly imputed to loss of the financial year.

Development expenses, when the conditions indicated for the activation of the research expenditure are met, shall be recognised in the asset and shall be amortised over their useful life, which is, in principle, presumed, except proof to the contrary, that it is not more than five years; in the case where there are reasonable doubts about the technical success of the project or the generation of a service potential in the future activity of the entity, the amounts recorded in the asset be directly imputed to loss of the year.

to₂) Research and development expenses that meet the definition of fixed cash flow generator.

The research expenditure shall be the expenditure of the financial year in which it is carried out. However, they may be activated as intangible fixed assets from the moment they meet the following conditions:

-Be specifically individualized by projects and their cost clearly set so that it can be distributed over time.

-Have good reasons for the technical success and economic-commercial profitability of the project or projects concerned.

The research costs that appear on the asset must be amortised over their useful life, and always within the five-year period; in the case where there are reasonable doubts about technical success or profitability The project's commercial-economic, the amounts recorded in the asset, must be directly imputed to loss of the year.

Development expenses, when the conditions indicated for the activation of the research expenditure are met, shall be recognised in the asset and shall be amortised over their useful life, which is, in principle, presumed, except proof to the contrary, which is not more than five years; where there are reasonable doubts as to the technical success or the economic-commercial profitability of the project, the amounts recorded in the asset must be directly imputed to losses of the exercise.

b) Industrial property. In this respect, capitalised development costs shall be taken into account when obtaining the corresponding patent or similar, including the cost of registration and formalisation of the industrial property, without prejudice to the amounts which are also may be accounted for by acquisition of the corresponding rights to third parties. They should be the subject of depreciation and valuation correction for impairment as specified in general for intangible immobilized.

c) Trade Fund. It may only be included in the asset, where its value is evidenced by an onerous acquisition, in the context of a business combination.

Your amount shall be determined in accordance with the business combinations standard of the General Accounting Plan and shall be allocated from the date of acquisition between each of the generating units of the General Accounting Plan. cash or groups of cash-generating units of the entity, on which the benefits of the synergies of the business combination are expected to fall.

The goodwill will not be written off. Instead, the cash-generating units or groups of cash-generating units to which the goodwill has been allocated shall, at least annually, be subject to the verification of the deterioration of the value, where appropriate, where appropriate. recording of the valuation correction for impairment, in accordance with the provisions of paragraph 3.2 of the standard on tangible fixed assets.

Impairment value adjustments recognized in the goodwill shall not be reversed in subsequent years.

d) Transfer rights. They may be included in the asset only where the value of the asset is disclosed under an onerous acquisition and must be the subject of amortisation and valuation of the impairment as specified in general for the fixed assets. intangible.

(e) Computer programmes which meet the criteria for recognition of paragraph 1 of the standard relating to intangible fixed assets shall be included in the asset, both those acquired from third parties and those made by their own entity for itself, using its own means, including the development costs of the web pages included among the above.

In no case can the maintenance costs of the IT application be included in the asset.

The same registration and amortisation criteria as those established for development expenditure shall apply, in respect of the impairment of the valuation for the impairment of the criteria specified in general for the purposes of the intangible immobilized.

f) Other intangible immobilized. In addition to the intangible elements mentioned above, there are others that will be recognized as such on balance, provided that they meet the criteria contained in the Accounting Framework and the requirements specified in these rules for registration and valuation. Such elements may include the following: administrative concessions, trade rights, intellectual property or licenses.

The above elements should be the object of depreciation and valuation correction for impairment as specified in general for intangible immobilized.

7. th Non-current assets and item-to-be groups of items, held for sale.

1. Non-current assets held for sale.

The entity will classify a non-current asset as held for sale if its book value will be recovered fundamentally through its sale, rather than for its continued use, and provided the following are met. requirements:

a) The asset must be available in its current conditions for immediate sale, subject to the usual and customary terms for sale; and

b) Your sale must be highly likely, because the following circumstances are present:

b₁₎ The entity must be committed to a plan to sell the asset and have started a program to find a buyer and complete the plan.

b₂₎ The asset sale must be actively traded at an appropriate price relative to its current fair value.

b₃₎ It is expected to complete the sale within the year following the date of classification of the asset as held for sale, unless, by facts or circumstances beyond the control of the entity, the sales period is has to lengthen and there is sufficient evidence that the entity remains committed to the asset disposition plan.

b₄₎ Actions to complete the plan indicate that significant changes to the plan are unlikely or will be withdrawn.

Non-current assets held for sale shall be valued at the time of their classification in this category, for the lesser of the following two amounts: their book value and their fair value less selling costs.

For the determination of the book value at the time of reclassification, the impairment of the value shall be determined at that time and a valuation correction for impairment of that asset shall be recorded, if applicable.

As long as an asset is classified as non-current held for sale, it shall not be depreciated, the appropriate valuation corrections should be provided in such a way that the book value does not exceed the fair value minus the costs of sale.

When an asset no longer meets the requirements to be classified as held for sale, it shall be reclassified in the balance sheet item corresponding to its nature and shall be valued at the lowest amount, on the date it proceeds. the reclassification, between its accounting value prior to its rating as non-current asset for sale, adjusted, if applicable, by the amortisation and value adjustments that would have been recognised as having not been classified as held for the sale, and its recoverable amount, recording any difference in the departure of the account results that correspond to your nature.

The valuation criterion provided above shall not apply to the following assets, which, although classified for the purposes of their presentation in this category, are governed by their specific rules:

(a) Deferred tax assets, to which the profit tax rule applies.

(b) Assets from remuneration to employees, which are governed by the rule on liabilities for long-term remuneration to staff.

(c) Financial assets, except investments in the assets of group, multi-group and associated entities, which are within the scope of the financial instruments rule.

The valuation corrections for impairment of non-current assets held for sale, as well as their reversal when the circumstances that motivated them would have ceased to exist, will be recognised in the results, except where appropriate to register them directly in net worth in accordance with the general criteria applicable to the assets in their specific rules.

2. Renajable groups of items held for sale.

A set of items held for sale, the set of assets and liabilities directly associated with which it is to be jointly arranged, as a group, in a single transaction. Any asset and associated liability of the entity may be part of a qualifying group, even if it does not meet the definition of non-current assets, provided that they are jointly issued.

For your assessment, the same rules apply as in the previous section. Consequently, the assets and their associated liabilities that are excluded from their scope are valued in accordance with the specific rule applicable to them. Once this valuation has been carried out, the group of elements together shall be valued at the lowest amount between their book value and their fair value minus the selling costs. In the case of a record in this group of items jointly valued at a value impairment valuation, the accounting value of the non-current assets of the group shall be reduced by following the established allocation criterion. In paragraph 3.2 of the standard on tangible fixed assets.

8. Historic Heritage Assets.

1. Scope of application.

The expression "Property of Historical Heritage" applies to those elements listed in Law 16/1985, of 25 June, of the Spanish Historical Heritage. They are goods that the community considers fit to preserve for reasons of artistic or cultural nature, being one of its characteristic features the fact that they cannot be replaced.

2. Initial and subsequent valuation of the assets of the Historical Heritage.

The criteria contained in the rules relating to the immobilized material shall apply to the assets of the Historical Heritage, without prejudice to the following provisions.

The major repairs to which these goods must be submitted will be counted according to the following criteria:

(a) In determining the purchase price, account shall be taken of the impact of costs related to major repairs. In this respect, the amount equivalent to these costs will be amortised differently from the rest of the item, during the period up to the great repair. If these costs are not specified in the acquisition or construction, for the purpose of identification, the current market price for a similar repair may be used.

b) When the great repair is performed, its cost will be recognized in the book value of the good as a replacement, as long as the conditions for its recognition are met. In addition, any amount associated with the repair which may remain in the book value of the goods shall be reduced.

When the property of the Historical Heritage cannot be reliably valued its purchase price will be constituted by the expenses of conditioning, according to its original characteristics. The value of such goods shall not form part of the value of the facilities and other elements of the use of such facilities or of their exorations, even if they are of a permanent nature. Such installations and components shall be entered in the balance sheet in the item corresponding to their nature.

Historical Heritage assets will not be subject to amortization when their service potential is used so slowly that their estimated useful lives are undefined, without them suffering wear and tear due to their functioning, use or enjoy.

Works of art and collectibles that do not have the status of a property of the Historical Heritage must be subject to depreciation, unless the entity proves that the useful life of these goods is also indefinite.

9. 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 fees, the right to use an asset for a specified period of time, irrespective of whether the lessor is obliged to provide services in relation to the holding or maintenance of that asset.

The rating of contracts as financial or operating leases depends on the circumstances of each of the parties to the contract so they may be rated differently by the lessee and the lessor.

1. Leasing.

1.1 Concept.

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, and shall be recorded in accordance with the terms set out in the following paragraphs.

In a lease agreement for an asset with an option to purchase, it will be presumed that all risks and benefits inherent in the property are transferred substantially, where there is no reasonable doubt that it will be exercised. that option. This transfer shall also be presumed, unless otherwise proved, even if there is no option to purchase, inter alia, in the following cases:

(a) Lease contracts where the ownership of the asset is transferred, or its conditions are deducted to be transferred, to the tenant at the end of the lease term.

(b) Contracts where the term of the lease coincides or covers most of the economic life of the asset, and provided that the economic rationality of the maintenance of the lease is divested from the agreed conditions usage.

The lease term is the non-revocable period for which the lessee has contracted the lease of the asset, along with any additional period in which the tenant has the right to continue the lease, with or without additional payment, provided that at the beginning of the lease there is reasonable certainty that the lessee will exercise such an option.

c) In those cases where, at the beginning of the lease, the current value of the minimum payments agreed by the lease assumes the full fair value of the leased asset.

d) When the special characteristics of the assets object of the lease make their utility restricted to the tenant.

e) The tenant can cancel the lease and the losses incurred by the landlord because of such cancellation are assumed by the tenant.

(f) The results of fluctuations in the fair value of the residual amount shall be borne by the lessee.

g) The lessee has the possibility to extend the lease for a second period, with lease payments that are substantially lower than market regulars.

1.2 Tenant Accounting.

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 smallest of the fair value of the leased asset and the current value at the start of the lease of the agreed minimum payments, including the payment for the purchase option where there are no reasonable doubts about its financial year and any amount that has guaranteed, directly or indirectly, and excludes quotas of a contingent nature, the cost of services and taxes passed on by the lessor. For these purposes, it is understood by quota quotas that the lease payments the amount of which is not fixed but depends on the future evolution of a variable. In addition, the initial direct costs inherent in the operation in which the lessee incurs are to be considered as the higher value of the asset. For the calculation of the current value the implicit interest rate of the contract will be used and if this cannot be determined, the tenant's interest rate for similar operations.

The total financial burden shall be distributed over the term of the lease and shall be charged to the profit or loss account of the year in which it is due, applying the effective interest rate method. Quota shares shall be the expenditure of the year in which they are incurred.

The lessee will apply to assets that have to recognize in the balance sheet as a consequence of the lease the criteria of amortization, deterioration and low that correspond to them according to their nature and to the decline of the liabilities financial instruments as provided for in paragraph 3.5 of the Financial Instruments Standard.

1.3 Lessor accounting.

The lessor, at the initial time, will recognize a credit for the current value of the minimum payments to receive for the lease plus the residual value of the asset even if it is not guaranteed, discounted to the implied interest rate of the contract.

The lessor shall recognise the result arising from the lease operation as provided for in paragraph 4 of the standard on tangible fixed assets, except where it is the manufacturer or distributor of the well-leased property, in which case commercial traffic operations shall be considered and the criteria set out in the standard on sales and service delivery revenue shall apply.

The difference between the credit entered in the balance sheet asset and the amount receivable, corresponding to non-accrual interest, shall be charged to the profit or loss account of the financial year in which the interest is payable, the method of the effective interest rate.

Value adjustments for impairment and the loss of credits recorded as a result of the lease shall be treated in accordance with the criteria set out in paragraphs 2.1.3 and 2.9 of the Financial Instruments Standard.

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.

The lessor will continue to present and value the lease assets in accordance with its nature, increasing its accounting value in the amount of the direct costs of the contract that are imputable to it, recognise as expenditure during the term of the contract by applying the same criterion used for the recognition of the income from the lease.

Any collection or payment that could be made when hiring a qualified lease right as an operative, will be treated as an early payment or payment for the lease that 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 term of the lease and shall be charged to the profit or loss account of the year in which it is due, applying the effective interest rate method. Quota shares shall be the expenditure of the year in which they are incurred.

The lessor will account for the corresponding financial asset in accordance with paragraph 1.3 of this rule.

4. Leases of land and buildings.

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.

10. Financial Instruments.

A financial instrument is a contract that gives rise to a financial asset in an entity and, at the same time, to a financial liability or equity instrument in another entity.

This rule applies to the following financial instruments:

a) Financial assets:

-Cash and other equivalent liquid assets as defined in standard 8. of the compilation of annual accounts;

-Commercial Operations Credits: Multiple Customers and Debtors;

-Third-party credits: Such as loans and financial credits granted, including those arising from the sale of non-current assets;

-Representative debt securities of other acquired entities: Such as bonds, bonds, and promissory notes;

-Equity instruments of other acquired entities: Shares, shares in collective investment institutions and other equity instruments;

-Derivatives with favorable valuation for the entity: Among them, futures, options, financial swaps, and foreign currency trading in time, and

-Other financial assets: Such as deposits with credit institutions, advances and loans to staff, bonds and deposits made and dividends receivable.

b) Financial liabilities:

-Debites by business operations: Multiple suppliers and creditors;

-Debts with credit institutions;

-Obligations and other marketable securities issued: Such as bonds and promissory notes;

-Derivatives with unfavorable valuation for the entity: Among them, futures, options, financial swaps, and foreign currency trading in time;

-Debts with special features;

-Other financial liabilities: Debts with third parties, such as loans and financial credits received from persons or entities other than credit institutions included in the purchase of non-current assets, bonds and deposits received and disbursements required by third parties on shareholdings.

A financial derivative is a financial instrument that meets the following characteristics:

1. Its value changes in response to changes in variables such as interest rates, prices of financial instruments and listed commodities, exchange rates, credit ratings and indices on them and that in the case of If they are not financial variables, they must not be specific to one of the parties to the contract.

2. It does not require an initial investment or requires a lower investment than is required by other types of contracts where a similar response to changes in market conditions could be expected.

3. It is liquid at a future date.

Also, this rule is applicable in the treatment of accounting coverages and transfers of financial assets, such as commercial discounts, factoring operations and temporary disposals and securitisations. of financial assets.

1. Recognition.

The entity shall recognize a financial instrument on its balance sheet when it becomes a obligated party to the contract or legal business in accordance with its provisions.

2. Financial assets.

A financial asset is any asset that is: cash, an equity instrument of another entity or company, or assumes a contractual right to receive cash or other financial asset, or to exchange assets or financial liabilities with third parties on potentially favourable terms.

Financial assets, for the purpose of their valuation, shall be classified in one of the following categories:

1. Loans and receivables.

2. Investments held to maturity.

3. Financial assets held for trading.

4. Other financial assets at fair value with changes in the exercise surplus.

5. Investments in the assets of group, multi-group and associated entities.

6. Financial assets available for sale.

2.1 Loans and receivables.

This category shall be classified, unless the following paragraphs 2.3 and 2.4 apply:

a) Commercial transaction credits: are those financial assets that originate from the sale of goods and the provision of services by the entity's traffic operations, and

(b) Credit for non-commercial transactions: are those financial assets which, not being equity instruments or derivatives, have no commercial origin, the charges of which are determined or determinable and which are not trade in an active market. Those financial assets for which the holder may not substantially recover all initial investment, due to circumstances other than credit impairment, shall not be included.

2.1.1 Initial rating.

The financial assets included in this category will initially be valued at fair value, which, unless otherwise evidenced, will be the price of the transaction, which will be equal to the fair value of the consideration. delivered more transaction costs that are directly attributable to them.

Notwithstanding the foregoing in the preceding paragraph, credit for commercial transactions with a maturity of not more than one year and which do not have a contractual interest rate, as well as advances and loans to staff, dividends receivable and the required disbursements on equity instruments, the amount of which is expected to be received in the short term, may be valued at face value if the effect of not updating cash flows is not significant.

2.1.2 Post rating.

The financial assets included in this category will be valued for their amortised cost. Accrued interest shall be accounted for in the profit or loss account, applying the effective interest rate method.

Contributions made as a result of a contract of participating accounts and the like shall be valued at the cost, increased or decreased for the benefit or loss, respectively, that correspond to the entity as a non-manager, and less, where applicable, the cumulative amount of the impairment valuation corrections.

notwithstanding the foregoing, the maturity of claims not exceeding one year which, in accordance with the provisions of the preceding paragraph, is initially valued at nominal value, shall continue to be valued for that amount, unless have deteriorated.

2.1.3 Impairment of value.

At least at the end of the financial year, the necessary valuation corrections shall be made whenever there is objective evidence that the value of a credit, or of a group of claims with similar risk characteristics collectively valued, has deteriorated as a result of one or more events that occurred after its initial recognition and which resulted in a reduction or delay in future estimated cash flows, which may be motivated by the insolvency of the debtor.

The impairment loss of these financial assets will be the difference between their book value and the current value of future cash flows that are estimated to be generated, discounted to the effective interest rate. calculated at the time of initial recognition. For financial assets at the variable interest rate, the effective interest rate corresponding to the closing date of the annual accounts shall be used in accordance with the contractual conditions. In the calculation of the impairment losses of a group of financial assets, models based on statistical formulas or methods may be used.

Impairment valuation corrections, as well as their reversal when the amount of such loss decreases for causes related to a subsequent event, will be recognized as an expense or income, respectively, in the account. results. The reversion of the impairment shall be limited to the book value of the credit that would be recognized at the date of reversal if the impairment of the value had not been recorded.

2.2 Investments held to maturity.

The representative debt securities may be included in this category, with a fixed maturity date, determined or determinable amount receivable, which are traded on an active market and the entity intends to effective and the ability to retain them until their expiration.

2.2.1 Initial rating.

Investments held to maturity will be initially valued at fair value, which, unless otherwise evidenced, will be the price of the transaction, which will be equal to the fair value of the given consideration. the transaction costs that are directly attributable to them.

2.2.2 Post-assessment.

Investments held to maturity 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.

2.2.3 Impairment of value.

At least at the end of the financial year, the valuation corrections shall be made using the criteria set out in paragraph 2.1.3 above.

However, as a substitute for the current value of future cash flows, the market value of the instrument may be used, provided that the instrument is sufficiently reliable to be representative of the value of the instrument. could retrieve the entity.

2.3 Financial assets held for trading.

The financial assets to be traded shall be valued in accordance with the provisions of this paragraph.

A financial asset is considered to be owned for trading when:

a) It originates or acquires for the purpose of selling it in the short term (e.g., debt securities, whatever its maturity, or equity instruments, listed, which are acquired for sell them in the short term).

b) Forme part of a portfolio of jointly identified and managed financial instruments of which there is evidence of recent performances for short-term gains, or

(c) Be a derivative financial instrument, provided that it is not a financial collateral contract or has been designated as a hedging instrument.

2.3.1 Initial rating.

The financial assets held to be traded shall initially be valued at fair value, which, unless otherwise evidenced, shall be the price of the transaction, which shall be equal to the fair value of the consideration. delivered. The transaction costs that are directly attributable to them shall be recognised in the profit or loss account for the financial year.

Dealing with equity instruments will form part of the initial valuation of the amount of the preferred subscription rights and similar rights that would otherwise have been acquired.

2.3.2 Post rating.

The financial assets held for trading shall be valued at fair value, without deducting the transaction costs incurred in their disposal. Changes that occur at fair value shall be attributed to the profit or loss account for the year.

2.4 Other financial assets at fair value with changes in exercise surplus.

This category shall include the hybrid financial assets referred to in the last paragraph of paragraph 4.1 of this Standard.

You may also include the financial assets that the entity designates at the time of initial recognition for inclusion in this category. This designation can only be performed if it results in more relevant information, because:

(a) Significant inconsistencies in the recognition or valuation (also known as accounting asymmetries) that would otherwise arise from the valuation of assets or liabilities or the recognition thereof are eliminated or significantly reduced; of the losses or gains of the same with different criteria.

(b) A group of financial assets or financial assets and liabilities is managed and its performance is assessed on the basis of its fair value in accordance with a documented risk management or investment strategy and provide group information also on the basis of fair value to key management personnel as defined in standard 13. of the compilation of the annual accounts.

The memory will report the use of this option.

Initial and later assessment.

In the valuation of the financial assets included in this category, the criteria set out in paragraph 2.3 of this standard shall apply.

2.5 Investments in the assets of group, multigroup, and associated entities.

Investments in the assets of entities or companies of the group, multigroup and associates, as defined in the 11th standard of the annual accounts, have to be assessed using the criteria of this paragraph, cannot be included in other categories for the purpose of its assessment.

2.5.1 Initial rating.

Investments in the assets of group, multigroup and associated entities or companies shall be initially valued at cost, which shall be equal to the fair value of the consideration delivered plus transaction costs be directly attributable, where applicable, where appropriate, in relation to the entities in the group, the criterion set out in paragraph 2 of the rule relating to transactions between entities in the group and the criteria for determining the cost of the group combination provided for in paragraph 2.3 of the standard on business combinations included in the second part of the General Accounting Plan.

However, if there is an investment prior to its rating as an entity or company of the group, multigroup or associate, the cost of such investment shall be considered to be the book value that should have the same immediately before that the entity is to have that rating. Where applicable, the ex-ante valuation adjustments associated with that investment directly accounted for in the net worth shall be maintained in the net worth until one of the circumstances described in paragraph 2.5.3 below occurs.

The amount of the preferred subscription rights and the like that would have been acquired will be part of the initial valuation.

2.5.2 Post-assessment.

Investments in the assets of group, multi-group and associated entities or companies shall be valued at their cost, minus, where applicable, the cumulative amount of impairment valuation corrections.

When value is to be assigned to these assets on the basis of the balance sheet or other reason, the weighted average cost method shall be applied by homogeneous groups, with the values having equal rights being understood.

In the case of the sale of preferential subscription rights and the like or segregation thereof to exercise them, the amount of the cost of the rights will decrease the book value of the respective assets. This cost shall be determined by applying a general acceptance value formula.

2.5.3 Impairment of value.

At least at the end of the financial year, the necessary valuation corrections shall be made whenever there is objective evidence that the carrying value of an investment shall not be recoverable.

The amount of the valuation correction shall be the difference between its carrying value and the recoverable amount, which is understood to be the largest amount between its fair value minus the selling costs and the current value of the future cash derivatives of the investment, calculated either by the estimate of those expected to be received as a result of the distribution of dividends by the participating entity or company and the disposal or reduction in the accounts of the investment in the same, either by estimating its share in the cash flows expected to be they are generated by the participating entity or company, both from its ordinary activities and from its disposal or discharge into accounts. Except for better evidence of the recoverable amount of investments, in the estimation of the impairment of this asset class, the net worth of the entity or investee fixed by the existing tacit capital gains shall be taken into consideration. the date of the valuation. In the determination of that value, and provided that the participating entity or undertaking participates in another, the net worth that is derived from the consolidated annual accounts shall be taken into account by applying the criteria included in the the Trade Code and its implementing rules.

When the participating entity or company has its domicile outside the Spanish territory, the net worth to be taken into consideration shall be expressed in the rules contained in this provision. However, if they measure high inflation rates, the values to be considered shall be those resulting from the adjusted financial statements in the sense set out in the foreign currency rule.

Impairment valuation corrections and, if applicable, their reversal, shall be recorded as an expense or income, respectively, in the income statement. The reversion of the impairment shall be limited to the value in books of the investment that would be recognized on the date of reversal if the impairment of the value had not been recorded.

However, in the event that an investment in the entity or undertaking has occurred, prior to its qualification as an entity or company of the group, multigroup or associate, and prior to that qualification, they would have been value adjustments directly imputed to the net worth arising from such investment, such adjustments shall be maintained after the rating up to the disposal or reduction of the investment, at which time they shall be recorded in the profit or loss account; or the following circumstances occur:

(a) In the case of prior value adjustments for value increases, the impairment valuation corrections shall be recorded against the item of net worth to collect the value adjustments previously made up to the the amount of the same and the excess, where applicable, shall be recorded in the profit or loss account. The impairment valuation correction directly attributed to the net worth shall not revert.

(b) In the case of prior value adjustments for value reductions, where the recoverable amount is later higher than the accounting value of the investments, the latter shall be increased, up to the limit of the indicated value. value reduction, against the item that has collected the previous valuation adjustments and from that point on the new amount raised shall be considered as the cost of the investment. However, where there is objective evidence of impairment in the value of the investment, losses accumulated directly in equity shall be recognised in the profit or loss account.

2.6 Financial assets available for sale.

This category shall include the representative debt securities and equity instruments of other entities that have not been classified in any of the above categories.

2.6.1 Initial rating.

The financial assets available for sale will be initially valued at fair value, which, unless otherwise evidenced, will be the price of the transaction, which will be equal to the fair value of the consideration. delivered, plus transaction costs that are directly attributable to them.

The amount of the preferred subscription rights and the like that would have been acquired will be part of the initial valuation.

2.6.2 Later Valuation.

The financial assets available for sale shall be valued at fair value, without deducting the transaction costs incurred in their disposal. Changes occurring in fair value shall be recorded directly in equity, until the financial asset causes the balance sheet to be reduced or is impaired, when the amount thus recognised shall be charged to the account of the results.

Notwithstanding the foregoing, the valuation corrections for impairment of the value and the losses and gains resulting from differences of exchange in foreign currency monetary financial assets, in accordance with the The latter shall be recorded in the results account.

The amount of interest, calculated according to the method of the effective interest rate, and accrued dividends shall also be recorded in the income statement.

Investments in equity instruments whose fair value cannot be reliably determined shall be valued at their cost, minus, where applicable, the cumulative amount of the value impairment valuation corrections.

When these assets are to be assigned value on the basis of a balance sheet or other reason, the weighted average value method shall be applied by homogeneous groups.

In the exceptional case that the fair value of an equity instrument ceases to be reliable, prior adjustments recognised directly in equity shall be treated in the same way as set out in paragraph 2.5.3. of this rule.

In the case of the sale of preferential subscription rights and the like or segregation thereof to exercise them, the amount of the rights will decrease the book value of the respective assets. This amount shall correspond to the fair value or cost of the rights, in a manner consistent with the valuation of the associated financial assets, and shall be determined by applying some general acceptance value formula.

2.6.3 Impairment of value.

At least at the end of the financial year, the necessary valuation corrections shall be made whenever there is objective evidence that the value of a financial asset available for sale, or group of financial assets available for sale with similar risk characteristics collectively valued, has deteriorated as a result of one or more events that have occurred after their initial recognition, and which cause:

(a) In the case of acquired debt instruments, a reduction or delay in future estimated cash flows, which may be motivated by the insolvency of the debtor; or

(b) In the case of investments in equity instruments, the lack of recoverability of the value in books of the asset, evidenced, for example, by a prolonged or significant decline in fair value. In any event, the instrument shall be presumed to have deteriorated in the face of a fall of one and a half years and 40% in its contribution, without the recovery of its value, without prejudice to the need to recognise a loss due to deterioration before the time limit has elapsed or the contribution has decreased by that percentage.

The valuation correction of the value of these financial assets shall be the difference between their cost or amortised cost less, if any, any impairment value correction previously recognised in the account the results and fair value at the time the valuation is carried out.

Cumulative losses recognised in the net worth by a decrease in fair value, provided that there is objective evidence of impairment in the value of the asset, shall be recognised in the profit or loss account.

If in subsequent years the fair value is increased, the value correction recognised in previous years shall revert to the profit and loss account of the financial year. However, where the fair value of an equity instrument is increased, the value correction recognised in previous years shall not revert to the income statement and the increase shall be recorded. of fair value directly against net worth.

In the case of equity instruments that are valued for their cost, because their fair value cannot be reliably determined, the impairment valuation correction shall be calculated in accordance with the provisions of paragraph 2.5.3 of this Article. this rule, relating to investments in the assets of group, multi-group and associated entities, and the reversal of the valuation correction recognised in previous years shall not be possible.

2.7 Reclassification of financial assets.

The entity may not reclassify any financial assets initially included in the category of held for trading or fair value with changes in the surplus for the financial year, other categories, or those to those categories, except where appropriate to qualify the asset as an investment in the equity of group, multigroup or associated entities.

No financial asset may be classified or classified in the category of investments held until maturity if in the financial year referred to in the annual accounts or in the preceding two years, they have been sold or reclassified assets included in this category for an amount that is not insignificant in relation to the total amount of the investment category held to maturity, other than those corresponding to sales or reclassifications:

a) Very close to expiration, or

b) That have occurred when the entity has taken the whole principal practice, or

c) Attributable to an isolated event, outside of the entity's control, not recurring and reasonably could not have been anticipated by the entity.

When the classification of a financial asset as an investment held to maturity ceases to be appropriate, as a result of a change in the intention or financial capacity of the entity or by the sale or reclassification of an amount that is not insignificant in accordance with the preceding paragraph, that asset, together with the remaining financial assets of the investment category held to maturity, shall be reclassified into the category of available for sale and shall be valued at fair value. The difference between the amount by which it is registered and its fair value shall be recognised directly in the entity's net worth and the rules relating to the assets available for sale shall apply.

If as a result of a change in the entity's intent or financial capacity, or if past two full exercises since the reclassification of a financial asset from the investment category held to the the maturity date of the sale, the reclassification of a financial asset in the investment category held to maturity, the accounting value of the financial asset at that date shall be converted into its new amortised cost. Any loss or gain arising from that asset which has previously been recognised directly in equity shall be maintained in the net worth and shall be recognised in the profit and loss account over the residual life of the investment held up to the maturity, using the effective interest rate method.

When the investment in the equity of a group, multigroup or associated entity ceases to have such a rating, the investment that, if any, is maintained in that entity shall be valued in accordance with the rules applicable to the financial assets available for sale.

2.8 Interest and dividends received from financial assets.

The interest and dividends of financial assets 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 assets shall be independently recorded, taking into account 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.

Also, if the distributed dividends are unambiguously derived from results generated prior to the acquisition date because amounts higher than the profit generated by the investee have been distributed from the acquisition, shall not be recognised as income, and shall be the accounting value of the investment.

2.9 Low financial assets.

As stated in the Conceptual Framework, in the analysis of transfers of financial assets, the economic reality must be taken into account, not only in its legal form nor in the name of contracts.

The entity shall terminate a financial asset, or part thereof, when the contractual rights on the cash flows of the financial asset expire or have been transferred, where it is necessary that they have been transferred in a manner substantial risks and benefits inherent in its ownership, in circumstances that will be assessed by comparing the exposure of the entity, both before and after the transfer, to the variation in the amounts and in the calendar of the net cash flows of the Transferred asset. It shall be understood that the risks and benefits inherent in the ownership of the financial asset have been substantially transferred when their exposure to such variation ceases to be significant in relation to the total change in the current value of the flows. net future cash associated with the financial asset (such as asset sales, disposals of trading credits in factoring operations where the entity does not retain any credit or interest risk, sales of financial assets with a repurchase agreement for fair value and asset securitisations financial institutions in which the transferor does not withhold subordinated financing, nor does it grant any type of guarantee or assume any other type of

.

If the entity has not transferred or substantially retained the risks and benefits, the financial asset will be discharged when it has not retained control of the entity, a situation that will be determined depending on the capacity of the entity. transferee to transmit such an asset. If the entity does not maintain control of the asset, it shall continue to recognise it for the amount to which the entity is exposed to changes in the value of the transferred asset, i.e. for its continued involvement, and shall recognise an associated liability.

When the financial asset is lowered, the difference between the net received consideration of the attributable transaction costs, considering any new assets obtained less any liabilities assumed, and the value in books of the financial asset, plus any accumulated amount that has been directly recognised in the net worth, shall determine the gain or loss arising from the discharge, and shall form part of the result of the financial year in which the asset is produces.

The above criteria will also apply to transfers from or part of a group of financial assets.

The entity shall not discharge the financial assets and shall recognise a financial liability for an amount equal to the consideration received, which shall be treated subsequently in accordance with paragraph 3 of this Standard, in the disposals of financial assets in which it has substantially retained the risks and benefits inherent in its ownership, such as in the effects discount, the factoring with recourse, the sales of financial assets with a repurchase agreement to a fixed price or the selling price plus an interest and the securitisations of financial assets in which the ceding entity has subordinated financing or other guarantees that substantially absorb all expected losses.

3. Financial liabilities.

Financial instruments issued, incurred or assumed shall be classified as financial liabilities, in whole or in one of their parts, provided that in accordance with their economic reality they assume an obligation for the institution contractual, direct or indirect, to deliver cash or other financial assets, or to exchange financial assets or liabilities with third parties under potentially unfavourable conditions, such as a financial instrument providing for its buy-in mandatory on the part of the issuer, or which gives the holder the right to require the issuer to ransom on a date and for a particular or determinable amount.

Financial liabilities, for the purpose of their valuation, shall be classified in one of the following categories:

1. Debits and items to be paid.

2. Financial liabilities held for trading.

3. Other financial liabilities at fair value with changes in the exercise surplus.

Additionally, financial liabilities arising as a result of transfers of assets, in which the institution has not transferred or substantially retained its risks and benefits, shall be assessed in a manner consistent with the ceded.

3.1 Debts and items to be paid.

This category shall be classified, unless the following paragraphs 3.2 and 3.3 apply:

a) Debits from business operations: These are those financial liabilities that originate from the purchase of goods and services by the entity's traffic operations, and

b) Debates for non-commercial transactions: These are those financial liabilities that are not derivative instruments and have no commercial origin.

3.1.1 Initial assessment.

The financial liabilities included in this category will initially be valued at fair value, which, unless otherwise evidenced, will be the price of the transaction, which will be equal to the fair value of the consideration. received adjusted for transaction costs that are directly attributable to them.

Notwithstanding the above paragraph, debits for commercial transactions with a maturity of not more than one year and which do not have a contractual interest rate, as well as the disbursements required by third parties on shares, the amount of which is expected to be paid in the short term, may be valued at face value, where the effect of not updating cash flows is not significant.

3.1.2 Post-assessment.

The financial liabilities included in this category will be valued for their amortised cost. Accrued interest shall be accounted for in the profit or loss account, applying the effective interest rate method.

Contributions received as a result of a contract of participating accounts and the like shall be valued at the cost, increased or decreased for the benefit or loss, respectively, to be attributed to the unit-holders. non-managers.

notwithstanding the foregoing, debits with a maturity of not more than one year which, in accordance with the provisions of the previous paragraph, are initially valued at their nominal value, shall continue to be valued for that amount.

3.2 Financial liabilities held for trading.

The financial liabilities to be traded shall be valued in accordance with the provisions of this paragraph.

A financial liability is considered to be held for trading when:

a) It is primarily issued for the purpose of reacquiring it in the short term.

b) Forme part of a portfolio of jointly identified and managed financial instruments of which there is evidence of recent performances for short-term gains, or

(c) Be a derivative financial instrument, provided that it is not a financial collateral contract or has been designated as a hedging instrument.

The fact that a financial liability is used to finance trading activities does not in itself imply its inclusion in this category.

Initial and later assessment.

In the valuation of the financial liabilities included in this category, the criteria set out in paragraph 2.3 of this standard shall apply.

3.3 Other financial liabilities at fair value with changes in the exercise surplus.

This category shall include the hybrid financial liabilities referred to in the last paragraph of paragraph 4.1 of this Standard.

You may also include financial liabilities that the entity designates at the time of initial recognition for inclusion in this category. This designation can only be performed if it results in more relevant information, because:

(a) Significant inconsistencies in the recognition or valuation (also known as accounting asymmetries) that would otherwise arise from the valuation of assets or liabilities or the recognition thereof are eliminated or significantly reduced; of the losses or gains of the same with different criteria.

(b) A group of financial liabilities or financial assets and liabilities is managed and its performance is assessed on the basis of its fair value in accordance with a documented risk management or investment strategy and provide information from the group also on the basis of fair value to the key staff of the administrative body as defined in the 13th standard of drawing up the annual accounts.

The memory will report the use of this option.

Initial and later assessment.

In the valuation of the financial liabilities included in this category, the criteria set out in paragraph 2.3 of this standard shall apply.

3.4 Reclassification of financial liabilities.

The entity may not reclassify any financial liabilities initially included in the category of held for trading or fair value with changes in the exercise surplus to other categories, or from those to those categories.

3.5 Low financial liabilities.

The entity will degenerate a financial liability when the obligation has been extinguished. It will also lower the own financial liabilities that it acquires, even if it is intended to reposition them in the future.

If an exchange of debt instruments between a lender and a borrower is produced, provided that they have substantially different conditions, the original financial liability will be lowered and the new financial liability arising. In the same way, a substantial modification of the current conditions of a financial liability will be recorded.

The difference between the book value of the financial liability or the part of the financial liability that has been discharged and the paid consideration including the attributable transaction costs and in which any such transaction costs A given asset other than the cash or liabilities assumed, it shall be recognised in the profit or loss account of the financial year in which it takes place.

In the case of an exchange of debt instruments that do not have substantially different conditions, the original financial liability shall not be debased on the balance sheet recording the amount of the fees paid as an adjustment of the its accounting value. The amortised cost of the financial liability shall be determined by applying the effective interest rate, which shall be equal to the value in books of the financial liability at the date of modification with the cash flows to be paid under the new conditions.

For these purposes, the terms of the contracts will be considered substantially different when the current value of the cash flows of the new financial liability, including the net fees charged or paid, is different, at least ten per cent of the current value of the remaining cash flows from the original financial liability, both of which are updated at the effective interest rate of the original financial liability.

4. Particular cases.

4.1 Hybrid financial instruments.

Hybrid financial instruments are those that combine a non-derivative principal contract and a financial derivative, referred to as an implicit derivative, which cannot be transferred independently and whose effect is that some of the cash flows of the hybrid instrument vary in a similar way to the cash flows of the derivative considered independently (e.g. bonds referenced at the price of shares or the evolution of an index stock).

The entity will recognize, value, and separately present the principal contract and the implied derivative, when the following circumstances are simultaneously given:

a) The economic characteristics and risks inherent in the implicit derivative are not closely related to those of the main contract.

b) An independent instrument with the same conditions as those of the implicit derivative would meet the definition of a derivative instrument.

c) The hybrid instrument is not valued at fair value with changes in the surplus of the financial year.

Implicit derivative will be treated contably as a derivative financial instrument and the main contract will be accounted for by its nature. This assessment shall only be carried out at the time of initial recognition, unless there has been a change in the terms of the contract that significantly changes the cash flows that will occur, in which case it shall A new assessment will be performed.

If the entity is unable to reliably determine the fair value of the embedded derivative, this will be the difference between the fair value of the hybrid instrument and that of the main contract, if both could be determined with reliability.

If the entity is not capable of assessing the implied derivative separately or is unable to reliably determine its fair value, whether at the time of its acquisition or at a later date, it shall treat accounting purposes. the hybrid financial instrument as a whole as a financial asset or a financial liability included in the category of other financial assets (or liabilities) at fair value with changes in the surplus of the financial year. This same criterion shall apply when the institution chooses, at the time of its initial recognition, to assess the hybrid financial instrument at fair value.

4.2 Derivatives that have as their underlying investments in non-listed equity instruments whose fair value cannot be reliably determined.

Derivatives that are linked and settled by the delivery of non-listed equity instruments whose fair value cannot be reliably determined shall be valued at their cost less, where applicable, the amount accumulated of the impairment valuation corrections.

4.3 Contracts that are maintained for the purpose of receiving or delivering a non-financial asset.

Contracts that are maintained for the purpose of receiving or delivering a non-financial asset in accordance with the needs of the entity's purchase, sale or use of such assets shall be treated as advances to account or commitments, purchases or sales, as appropriate.

However, they shall be recognised and valued in accordance with this rule for derivative financial instruments, those contracts which may be settled by differences, in cash or in another financial instrument, or by the exchange of financial instruments or, even where they are settled by the delivery of a non-financial asset, the entity has the practice of selling it in a short period of time and less than the normal period of the sector in which the entity with the intention of obtaining a profit for its intermediation or for the fluctuations of its price, or the non-financial asset is easily convertible into cash.

4.4 Financial Warranty Contracts.

A financial collateral contract is the one that requires the issuer to make specific payments to reimburse the holder for the loss in which he incurs when a specific debtor fails to fulfil his or her obligation to pay conditions, originals or modified, of a debt instrument, such as a bond or an endorsement.

These contracts will initially be valued at fair value, which, unless otherwise evidenced, will be equal to the premium received plus, where applicable, the current value of the premiums to be received.

After initial recognition, and unless at that time it has been classified as other financial liabilities at fair value through changes in the profit or loss account or the provisions of paragraph 2.9 apply to them. of this rule for arising in the disposal of financial assets that do not meet the requirements for their balance sheet, shall be valued at the largest of the following amounts:

(a) The one that results in accordance with the provisions of the provisions and contingencies.

b) The initially recognized least, where applicable, the portion of the same imputed to the result account because it corresponds to accrued income.

4.5 Fiances delivered and received.

In bonds delivered or received by operating leases or service provision, the difference between their fair value and the amount disbursed (due, for example, to the fact that the bond is long-term and not (a) shall be deemed to be a payment or early payment for the lease or provision of the service, which shall be charged to the profit or loss account during the period of the lease, as referred to in paragraph 2 of the above leases and other operations of a similar nature, or during the period in which the service is provided, of the rule on revenue from sales and service delivery.

When estimating the fair value of the bonds, the minimum committed contractual period during which the amount cannot be repaid shall be taken as the remaining period, without taking into account the statistical behaviour of the return.

When the bond is short-term, the cash flow discount will not be required if its effect is not significant.

5. Accounting coverages.

By means of a hedging transaction, one or more financial instruments, called hedging instruments, are designated to cover a specifically identified risk that may have an impact on the profit or loss account, as a result of changes in fair value or cash flows of one or more covered items.

Accounting coverage assumes that, when certain requirements are met, the hedging instruments and the covered items will be recorded in accordance with the specific criteria set out in this paragraph.

As a general rule, the instruments that can be designated as hedging instruments are derivatives whose fair value or future cash flows compensate for changes in fair value or in the flows of future cash from items that meet the requirements to be qualified as covered items.

In the case of exchange rate hedges, they may also be classified as hedging instruments, financial assets and financial liabilities other than derivatives.

May have the status of covered items, recognised assets and liabilities, unrecognised firm commitments, highly probable expected transactions and net investments in a foreign business, which they expose the entity to specifically identified risks of changes in fair value or cash flows. In no case shall a net position of assets and liabilities be considered as a cover.

All accounting coverages will require at the initial time a formal designation and a documentation of the coverage ratio. In addition, coverage should be highly effective. A hedge shall be considered highly effective if, at the beginning and during its lifetime, the entity can expect, prospectively, that changes in fair value or cash flows from the covered item that are attributable to the covered risk are almost entirely offset by changes in fair value or cash flows from the hedging instrument, and that, retrospectively, the results of the coverage have ranged from a range of 80 to the One hundred and twenty-five percent of the result of the cover item.

For the purposes of their registration and valuation, hedging transactions shall be classified in the following categories:

(a) Fair value coverage: covers exposure to changes in the fair value of recognised assets or liabilities or unrecognised firm commitments, or a particular part thereof, which is attributable to a risk in (a) a particular reference to which the profit or loss account may be affected (e.g. the hiring of a financial swap to cover the risk of a fixed interest rate). Changes in the value of the hedging instrument and the cover item attributable to the covered risk shall be recognised in the profit or loss account.

b) Coverage of cash flows: covers the exposure to the variation of cash flows that is attributed to a particular risk associated with recognised assets or liabilities or a highly likely expected transaction, always which may affect the profit or loss account (for example, the hedging of exchange rate risk related to purchases and expected sales of tangible assets, goods and services in foreign currency or the hiring of a financial swap to cover the risk of variable interest rate financing.) Hedging the exchange rate risk of a firm commitment can be accounted for as a hedge of cash flows. The share of the gain or loss of the hedging instrument that has been determined as an effective hedge shall be recognised as a transitional part of the net worth, being attributed to the profit or loss account in the financial year or years in which the covered operation shall affect the outcome unless the coverage corresponds to a planned transaction ending in the recognition of a non-financial asset or liability, in which case the amounts recorded in the equity shall be included in the the cost of the asset or liability where it is acquired or assumed.

c) Coverage of net investment in foreign business: covers the exchange rate risk for investments in dependent, associated, joint ventures and branches, whose activities are based on or are taken to in a functional currency other than that of the entity that produces the annual accounts.

In net investment hedging transactions in joint ventures that lack independent legal personality and overseas branches, changes in the value of hedging instruments attributable to risk covered, shall be recognised as a transitional in the net worth, imputed to the profit or loss account in the financial year or exercises in which the disposal or disposal is carried out by another means of net investment in the business abroad.

Net investment coverage operations in foreign businesses in dependent, multi-group and associated entities shall be treated as fair value hedges by the exchange rate component.

Net investment in a foreign business is composed, in addition to equity participation, by any monetary item receivable or payable, the liquidation of which is not contemplated or likely to be it produces in the foreseeable future, excluding commercial items.

The hedging instruments shall be valued and recorded in accordance with their nature to the extent that they are not, or are no longer, effective hedges.

11. th Credits and debits from your own activity.

1. Scope of application.

This rule applies to the following assets and liabilities:

(a) Credit for your own activity: are the collection rights that originate in the development of your own activity against the beneficiaries, users, sponsors and affiliates.

(b) Debts for their own activity: are the obligations arising from the granting of aid and other allocations to the beneficiaries of the entity in compliance with their own purposes.

2. Initial and subsequent valuation of credits.

Quotas, donations and other similar aid, from sponsors, affiliates or other debtors, with short-term maturity, will result in a collection right that will be accounted for by its nominal value. If the maturity exceeds that period, they shall be recognised for their current value. The difference between the current and the nominal value of the credit shall be recorded as a financial income in the income statement in accordance with the amortised cost criterion.

Loans granted in the exercise of self-activity at zero interest rate or below market interest shall be accounted for at fair value. The difference between the fair value and the amount delivered shall be recognised at the initial time as an expense in the income statement according to its nature. After initial recognition, the reversal of the discount will be counted as a financial income in the income statement.

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. For this purpose, the criteria set out in the standard of registration and tenth valuation in the second part of this Accounting Plan of non-profit-making entities to recognise the deterioration of financial assets shall apply. are accounted for by applying the amortised cost criterion.

3. Initial and subsequent valuation of debits.

Aid and other allocations granted by the institution to its beneficiaries, with short-term maturity, will result in the recognition of a liability for its nominal value. If the maturity exceeds that period, they shall be recognised for their current value. The difference between the current and the nominal value of the debit shall be counted as a financial expense in the income statement in accordance with the amortised cost criterion.

If the grant of the aid is multi-annual, the liability shall be recorded at the current value of the amount committed irrevocably and unconditionally. This same criterion will apply in cases where the extension of the aid is not subject to periodic evaluations, but to the mere compliance with formal or administrative formalities.

12. Existence.

1. Initial assessment.

Goods and services included in stocks will be valued at their cost, either the purchase price or the cost of production.

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

In stocks that require a period of more than one year to be in a position to be sold, they shall be included in the purchase price or cost of production, the financial expenses, as provided for in the rule on the fixed assets.

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

Debits for business transactions shall be valued in accordance with the provisions of the Financial Instruments Standard.

1.1 Acquisition 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 in the nominal debits, and will be added all additional costs incurred until the goods are located for sale, such as transport, customs duties, insurance and others directly attributable to the purchase of the stocks. Notwithstanding the foregoing, the interest incorporated in debits with a maturity of not more than one year that does not have a contractual interest rate may be included where the effect of not updating cash flows is not significant.

1.2 Production cost.

The cost of production will be determined by adding to the purchase price of raw materials and other consumable materials, the costs directly attributable to the product. The proportion of the costs indirectly attributable to the products in question must also be added to the extent that such costs correspond to the period of manufacture, production or construction, in which they are has incurred the location for sale and is based on the level of use of the normal working capacity of the means of production.

1.3 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 entity 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.

In the case of goods not interchangeable with each other or goods produced and segregated for a specific project, the value shall be assigned by identifying the price or costs specifically attributable to each individual asset. considered.

1.4 Cost of stock in service delivery.

The criteria set out in the preceding paragraphs will be applicable to determine the cost of the stock of the services. In particular, stocks shall include the cost of production of the services as long as the corresponding service provision has not yet been recognised in accordance with the provisions of the revenue and sales income standard services.

2. Further assessment.

When the net realisable value of the stock is lower than its purchase price or production cost, the appropriate value adjustments shall be made by recognizing them as an expense in the profit or loss account.

In the case of raw materials and other consumable materials in the production process, no valuation correction shall be made provided that the finished products to which they are incorporated are expected to be sold above the cost. Where appropriate, the price of replacement of raw materials and other consumable materials may be the best available measure of their net realisable value.

In addition, goods or services which have been the subject of a contract for the sale or supply of services on a firm basis, the fulfilment of which must subsequently take place, shall not be subject to the valuation correction, provided that that the selling price stipulated in that contract covers at least the cost of such goods or services, plus all the costs that are outstanding for the performance of the contract.

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.

3. A particular standard of stocks intended for the institution's own purposes.

3.1 Scope.

This rule shall apply to stocks intended for delivery to the beneficiaries of the entity in compliance with their own purposes, without consideration or in return for a significantly lower consideration than the market value.

Stocks received free of charge by the entity shall be recorded at fair value.

3.2 Impairment Losses.

For the purposes of calculating the impairment of these assets, the net recoverable amount to be considered shall be the largest between its realisable net value and its replacement cost.

3.3 Delivered by entities without consideration.

Deliveries made in compliance with the purposes of the entity shall be counted as an expense for the accounting value of the delivered goods.

13. Foreign Currency.

1. Foreign currency transactions.

A foreign currency transaction is a transaction whose amount is denominated or required to be settled in a currency other than the functional currency.

The functional currency is the currency of the main economic environment in which the entity operates. Unless proof to the contrary, the functional currency of the entities domiciled in Spain is presumed to be the euro.

For the purposes of this rule, the heritage elements shall be differentiated, according to their consideration, in:

(a) Currency items: cash as well as assets and liabilities to be received or paid with a certain or determinable amount of monetary units. This includes, inter alia, loans and receivables, debits and items to be paid and investments in debt securities that meet the above requirements.

(b) Non-monetary items: are assets and liabilities that are not considered monetary items, that is, that they are to be received or paid with an undetermined or determinable amount of monetary units. This includes, inter alia, the immobilized materials, real estate investments, goodwill and other intangible assets, stocks, investments in the assets of other entities that meet the above requirements, advances on account of purchases or sales, as well as liabilities to be settled by the delivery of a non-cash asset.

1.1 Initial rating.

Any foreign currency transaction shall be converted into a functional currency, by application of the foreign currency amount, of the spot exchange rate, that is, of the exchange rate used in the transactions with delivery. immediate, between the two currencies, at the date of the transaction, understood as the date on which the requirements for recognition are met.

An average exchange rate of the period (at the monthly maximum) may be used for all transactions taking place during that interval, in each of the foreign currency classes in which they were held, except that such type has undergone significant variations during the time interval considered.

1.2 Post rating.

1.2.1 Monetary items.

At the end of the financial year, the exchange rate, understood as the average spot exchange rate, existing on that date, shall be assessed using the closing rate.

The differences of change, both positive and negative, arising in this process, as well as those arising from the settlement of such assets, shall be recognised in the profit or loss account of the financial year in which the arise.

In the particular case of monetary financial assets classified as available for sale, the determination of the exchange differences produced by the change in the exchange rate between the date of the sale the transaction and the date of the close of the financial year shall be as if those assets are valued at the amortised cost in the foreign currency, so that the exchange differences will result from changes in such amortised cost as a consequence of changes in exchange rates, irrespective of their fair value. The exchange differences thus calculated shall be recognised in the profit or loss account of the year in which they arise, while the other changes in the carrying amount of these financial assets shall be recognised directly in the net worth of the provisions of paragraph 2.6.2 of the standard on financial instruments.

1.2.2 Non-monetary items.

1.2.2.1. Non-cash items valued at historical cost.

They will be valued by applying the exchange rate of the transaction date.

When an asset denominated in foreign currency is amortized, the amounts to be amortized shall be calculated on the functional currency amount by applying the exchange rate of the date on which it was initially recorded.

The valuation thus obtained may not exceed, at each subsequent closing, the amount recoverable at that time, applying to this value, if necessary, the exchange rate of the closure; that is, of the date referred to in the annual accounts.

When, in accordance with the provisions of the Financial Instruments Standard, the net worth of an investable entity, as the case may be, is to be determined by the tacit capital gains on the date of valuation, the exchange rate shall be applied to the net worth and unspoken capital gains to that date.

However, if it were foreign entities that are affected by high inflation rates, the aforementioned securities to be considered should result from tight financial statements, prior to their conversion. The adjustments will be made in accordance with the criteria included in the "Adjustments for High Inflation Rates" in the Standards for the Form of Consolidated Annual Accounts, which are developed by the Commercial Code.

It is considered that there are high inflation rates when certain characteristics are given in the economic environment of a country, including, in a non-exhaustive way, the following:

(a) The cumulative rate of inflation over three years approaches or exceeds 100%.

b) The general population prefers to preserve their wealth in non-cash assets or in another stable foreign currency.

c) Monetary amounts are usually referred to in terms of another stable foreign currency, and even prices can be established in another currency.

d) Sales and purchases on credit take place at prices that offset the expected loss of purchasing power during the deferral, even when the period is short, or

e) Interest rates, wages and prices are linked to the evolution of a price index.

1.2.2.2 Non-monetary items valued at fair value.

They will be valued by applying the change type of the fair value determination date.

Where losses or gains arising from changes in the valuation of a non-monetary item, such as investments in equity instruments classified as assets, are directly recognised in the equity Financial assets available for sale, any difference in exchange, included in those losses or gains, will also be directly recognised in equity. On the other hand, where losses or gains arising from changes in the valuation of a non-monetary item are recognised in the profit or loss account of the financial year, such as investments in equity instruments classified as assets financial assets held for trading or other financial assets at fair value with changes in the surplus for the financial year, any difference in exchange, including such losses or gains, shall also be recognised in the result of the financial year.

2. Conversion of annual accounts to the currency of presentation.

The presentation currency is the currency in which the annual accounts are formulated, i.e. the euro.

Exceptionally, when the currency or the functional currencies of a Spanish entity are different from the euro, the conversion of their annual accounts to the currency of presentation shall be carried out using the criteria laid down on "Conversion of financial statements into functional currency other than the currency of presentation" in the Rules for the Form of Consolidated Annual Accounts, which are developed by the Trade Code.

Conversion differences will be recorded directly in the net worth.

When a Spanish entity is a participant in jointly controlled foreign assets or holdings as defined in the standard on joint ventures and the functional currency of those businesses is not the euro, follow the presentation currency conversion procedures indicated above. For joint ventures that are integrated into the annual accounts of the participant, foreign currency transactions made by such businesses shall be converted into a functional currency by applying the rules contained in the first paragraph of this Article. standard. These same criteria shall apply to branches of the institution abroad.

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

Non-deductible input VAT will be part of the purchase price of current and non-current assets, as well as services, which are the subject of tax-taxed transactions. In the case of internal self-consumption, that is, own production for the institution's fixed assets, the non-deductible VAT shall be added to the cost of the respective non-current assets.

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, if any, to the IGIC and any other indirect taxes that will be imposed by the entity and which is received on behalf of the Public Finance. However, they will be counted as expenses and therefore will not reduce the number of businesses, those taxes that to determine the quota to be entered take as reference the number of businesses or other related magnitude, but whose taxable fact is not the operation by which the assets are transmitted or services are provided.

15. Benefits Taxes.

The benefit taxes referred to in this standard are those direct taxes, whether domestic or foreign, which are settled on the basis of a result of the entity calculated in accordance with the tax rules are applicable.

When such calculation is not performed on the basis of actual economic transactions, but through the use of objective signs, indices and modules, the part of this rule that corresponds to the deferred tax shall not apply. (a) the extent to which, where such procedures are applied only partially in the calculation of the tax or in the determination of income, assets or liabilities may arise from deferred tax.

1. Current tax assets and liabilities.

The current tax is the amount that the entity satisfies as a result of tax settlements or tax on profit related to an exercise. To this end, in order to determine the current tax, the accounting result shall be reduced by the amount of the results from the exempted activities.

Deductions and other tax advantages in the tax rate, excluding withholding and payment on account, as well as the compensable tax losses from previous years and effectively applied in this, will result in a lower amount of current tax. However, those deductions and other tax advantages in the tax quota which have an economic nature equivalent to the subsidies may be recorded in accordance with the provisions of paragraph 4 of this standard and the relative standard. to grants, donations and legacies received.

The current tax for the current financial year and the preceding financial year shall be recognised as a liability to the extent that it is outstanding. Otherwise, if the amount already paid, corresponding to the current financial year and the preceding financial year, exceeds the current tax for those financial years, the excess shall be recognised as an asset.

In those jurisdictions that allow the return of fees paid in previous years because of a tax loss in the current financial year, the current tax will be the share of previous financial years that the entity as a result of tax settlements of the tax or profit related to the financial year. In these cases, the amount to be charged for the return of quotas satisfied in previous years will be recognized as an asset by current tax.

2. Deferred tax assets and liabilities.

2.1 Temporary Differences.

Temporary differences are those arising from the different valuation, accounting and fiscal, attributed to assets and liabilities, to the extent that they have an impact on the future tax burden.

The tax valuation of an asset and liability, called the tax base, is the amount attributed to that item in accordance with applicable tax law. There may be an element that has a tax base even though it lacks the accounting value and is therefore not recognised in the balance sheet.

The temporary differences occur:

(a) Normally, due to the existence of temporary differences between the tax base and the accounting result before tax, the origin of which is found in the different temporary criteria of imputation used to determine both magnitudes and therefore revert to subsequent periods.

b) In other cases, such as:

-In income and expenses directly recorded in equity that are not computed in the tax base, including changes in the value of assets and liabilities, provided that such variations differ from those attributed for tax purposes;

-In a business combination, when the assets are recorded by an accounting value that differs from the value attributed for tax purposes; and

-In the initial recognition of an item, which does not come from a business combination, if its book value differs from that attributed for tax purposes.

The temporary differences are sorted in:

(a) taxable temporary differences, which are those that will result in higher amounts to be paid or lower amounts to be returned for taxes in future years, normally as assets are recovered or settled the liabilities from which they are derived.

b) Deductible Temporary Differences, which are those that will result in lower amounts payable or higher amounts to be returned for taxes in future years, normally as assets are recovered or settled. the liabilities from which they are derived.

2.2 Liabilities to deferred tax.

In general, a deferred tax liability will be recognised for all taxable temporary differences, unless they have arisen from:

a) The initial recognition of a goodwill. However, deferred tax liabilities related to a goodwill shall be recorded as long as they have not arisen from their initial recognition.

b) The initial recognition of an asset or liability in a transaction that is not a combination of business and also did not affect either the accounting result or the tax base.

2.3 Deferred tax assets.

In accordance with the principle of prudence only deferred tax assets will be recognised in so far as it is likely that the entity will have future tax gains that allow the application of these assets.

Whenever the above condition is met, a deferred tax asset will be recognized in the following assumptions:

a) For deductible temporary differences;

b) For the right to compensate in subsequent years for tax losses;

c) For deductions and other unused tax benefits, which are pending tax enforcement.

Without prejudice to the foregoing, a deferred tax asset shall not be recognised when the deductible temporary difference has arisen from the initial recognition of an asset or liability in a transaction other than a combination In addition, it did not affect either the accounting result or the tax base.

On the closing date of each financial year, the entity will reconsider the recognised deferred tax assets and those that it has not previously recognised. At that time, the entity will degenerate a previously recognised asset if its recovery is no longer likely, or will record any assets of this nature not previously recognised, provided that the entity is likely to have Future tax gains in sufficient amount to allow their implementation.

3. Valuation of current and deferred tax assets and liabilities.

Current tax assets and liabilities will be valued for the amounts expected to be paid or recovered from the tax authorities, in accordance with current or approved regulations and pending publication on the closing date. of the exercise.

Deferred tax assets and liabilities will be valued according to the expected tax rates at the time of their reversal, according to the regulations that are in force or approved and pending publication at the closing date of the exercise, and in accordance with the manner in which the asset or liability is reasonably expected to be recovered or paid.

Where appropriate, the modification of the tax legislation-in particular the modification of the tax rates-and the evolution of the economic situation of the entity will result in the corresponding variation in the amount of the liabilities and deferred tax assets.

Deferred tax assets and liabilities should not be discounted.

4. Income tax (income).

Income tax expense (income) of the year will include the share of the income tax (income) from the current tax and the part corresponding to the expense (income) from the deferred tax.

Current tax expense or income will correspond to the cancellation of deductions and payments on account as well as the recognition of current tax assets and liabilities.

The deferred tax expense or income will correspond to the recognition and cancellation of deferred tax assets and liabilities, as well as, where applicable, recognition and imputation to the income account of the income directly imputed to the net worth that may result from the accounting of those deductions and other tax advantages that have the economic nature of the grant.

Both the expense or income from current tax as deferred, will be entered into the income account. However, in the following cases the current and deferred tax assets and liabilities shall have as their counterpart the following:

(a) If they relate to a transaction or event that has been directly recognised in a net worth item, it shall be recognised as a charge or a credit to that item.

(b) If they have arisen because of a business combination, they shall be recognised as the other assets of the acquired business, unless they constitute assets or liabilities of the acquirer, in which case their recognition or It will not be part of the business combination. The current tax expense, which is evidenced as a result of the cancellation of the prior participation in the acquired entity, shall be entered in the profit or loss account.

When the amendment of the tax legislation or the evolution of the economic situation of the entity has resulted in a variation in the amount of the liabilities and deferred tax assets, such adjustments shall constitute a income or expenditure, as appropriate, by deferred tax, in the income statement, except in so far as they relate to items that were previously charged or paid for in accordance with the rules of this Accounting Plan directly to equity, in which case they shall be directly imputed to the equity.

In the event that a non-profit entity participates in business combinations with companies, when the initial accounting of the combination was not recognised separately by deferred tax assets of the company acquired, because it does not meet the recognition criteria, and subsequently the recognition of such assets, will be performed as follows:

(a) Deferred tax assets that are recognised within the valuation period referred to in paragraph 2.6 of the business combinations of the General Accounting Plan; and (a) the following information on facts and circumstances that existed at the date of acquisition shall, where appropriate, reduce the carrying amount of the goodwill related to that acquisition. If the carrying amount of that goodwill is null, any deferred tax asset must be recognized as an adjustment to the negative difference.

(b) Deferred tax assets that are recognised after the said valuation period, or within the valuation period but which bring about facts or circumstances that did not exist at the date of acquisition, shall not give rise to place for adjustments in the book amount of the goodwill or the negative difference, and shall be recognised in profit or loss, or if the rule so requires, directly in equity.

In the particular case of an entity in which all temporary differences at the beginning and close of the financial year have been caused by temporary differences between the tax base and the accounting result before tax, the expenditure (income) per deferred tax may be directly assessed by the algebraic sum of the following amounts, each with the corresponding sign:

(a) The amounts resulting from the application of the appropriate rate of charge to the amount of each of the differences indicated, recognised or applied in the financial year, and the negative taxable bases to be offset in financial years subsequent, recognized or applied in the exercise;

(b) The amounts of deductions and other tax advantages to be applied in subsequent years, recognised or applied in the financial year, as well as, where appropriate, the recognition and allocation to the profit or loss account the income directly imputed to the net worth which may result from the accounting of those deductions and other tax advantages in the tax quota which have an economic nature equivalent to the grants;

(c) The amounts arising from any valuation of liabilities or assets by deferred tax, usually by changes in the rates or circumstances affecting subsequent disposal or recognition of such liabilities or assets.

Also in this particular case, the total income tax expense (income) will comprise the part relative to the current tax and the part corresponding to the deferred tax calculated in accordance with the this case.

16. th expense and own income of non-profit entities.

1. Expenses.

1.1 General recognition criteria.

The costs incurred by the institution shall be accounted for in the profit or loss account for the financial year in which the financial current is incurred. In particular, the aid granted by the institution 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 multiannual nature.

1.3 Multi-annual expenditure.

Aid granted by the institution and other committed expenditure of a multi-annual nature shall be taken into account in the profit or loss account of the financial year in which its concession is approved with a liability account, 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 (exhibitions, congresses, conferences, etc.) will be recognized in the the entity as an expense on the date on which they are incurred, unless they are related to the acquisition of assets of the fixed assets, rights to organise the event or any other concept that meets the definition of the asset.

2. Revenue.

In accounting for revenue in compliance with the purposes of the entity, the following rules shall be taken into account:

(a) Revenue from supplies of goods or services shall be valued at the agreed amount.

(b) User or affiliate fees shall be recognised as income in the period to which they correspond.

c) Revenue from promotions for resource, sponsor, and collaboration will be recognized when campaigns and events occur.

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

17. Sales Revenue and Service Delivery.

1. Common aspects.

Revenue from the sale of goods and the provision of services shall be valued at the fair value of the counterparty, received or received, derived therefrom, which, unless otherwise evidenced, shall be the price agreed for such goods or services, deducted: the amount of any discount, price reduction or other similar items that the entity may grant, as well as the interest incorporated in the nominal amount of the credits. However, interest in commercial credits with a maturity of not more than one year that do not have a contractual interest rate may be included where the effect of not updating cash flows is not significant.

Taxes on the sale of goods and services that the entity has to pass on to third parties such as value added tax and excise duties, as well as the amounts received by Third-party account shall not be part of the revenue.

Commercial transaction credits shall be valued in accordance with the provisions of the Financial Instruments Standard.

No income will be recognized for the permuse of goods or services, for traffic operations, of similar nature and value.

In order to account for revenue on the basis of the economic background of transactions, it may be that the identifiable components of the same transaction should be recognised by applying different criteria, such as a sale of goods and services annexed; Conversely, different but linked transactions shall be dealt with in a joint manner.

Where there are doubts regarding the recovery of a previously recognised amount as income from sale or service provision, the amount whose collection is estimated to be unlikely shall be recorded as a value correction expense per deterioration and not as a lower income.

2. Sales revenue.

Only revenue from the sale of goods shall be accounted for when all of the following conditions are met:

(a) The entity has transferred to the buyer the significant risks and benefits inherent in the ownership of the goods, irrespective of their legal transmission. It shall be presumed that the said transfer has not occurred, where the buyer has the right to sell the goods to the entity, and there is an obligation to buy them for the initial sale price plus the normal return on which a lender.

(b) The entity does not maintain the current management of the goods sold to a degree normally associated with its ownership, nor does it retain effective control of the goods.

c) The amount of revenue can be reliably valued.

d) The entity is likely to receive the economic returns or returns arising from the transaction, and

e) The costs incurred or incurred in the transaction can be reliably valued.

3. Income from service delivery.

Service delivery revenue shall be recognised when the outcome of the transaction can be reliably estimated, considering the percentage of performance of the service at the end of the financial year.

Consequently, only revenue from service delivery will be accounted for when all of the following conditions are met:

a) The amount of revenue can be reliably valued.

b) The entity is likely to receive the economic returns or returns arising from the transaction.

c) The degree of completion of the transaction, at the end of the financial year, can be reliably valued, and

d) The costs already incurred in the provision, as well as those that remain to be incurred until completed, can be reliably assessed.

The entity will review and, if necessary, modify the estimates of the revenue to be received, as the service is being provided. The need for such revisions does not necessarily indicate that the outcome or outcome of the service delivery operation cannot be reliably estimated.

When the result of a transaction involving the provision of services cannot be reliably estimated, revenue shall be recognised, only in the amount in which the recognised expenditure is considered to be recoverable.

18. Visions And Contingencies.

1. Recognition.

The entity shall recognize as provisions the liabilities that, in compliance with the definition and the criteria for the recording or accounting recognition contained in the Conceptual Framework of Accounting, are indeterminate with respect to its 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, its birth is situated in the valid expectation created by the entity against third parties, assuming an obligation on the part of the entity.

In the memory of the annual accounts, it is necessary to report on the contingencies that the entity has 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.

The compensation to be received from a third party at the time of the settlement of the obligation shall not imply a minorition of the amount of the debt, without prejudice to the recognition in the entity's asset of the corresponding collection right, provided that there is no doubt that such reimbursement will be received. The amount by which the said asset is registered shall not exceed the amount of the obligation on record. Only where there is a legal or contractual link, for which part of the risk has been externalised, and under which the institution is not required to respond, shall be taken into account to estimate the amount by which, where appropriate, the provision.

19. th Liabilities to long-term remuneration to staff.

They will have long-term pay consideration for staff, post-employment benefits, such as pensions and other retirement or retirement benefits, as well as any other long-term benefits that will be provided. economic compensation to be met on a deferred basis, in respect of the time at which the service is provided.

1. Long-term remuneration for defined contribution.

Long-term remuneration to staff will have the input character defined when they consist of default character contributions to a separate entity-such as an insurance institution or a plan of pensions-provided that the institution does not have a legal, contractual or implicit obligation to make additional contributions if the separate entity is unable to meet its commitments.

The contributions to be made by defined contribution remuneration will result in a liability for long-term remuneration to staff when, at the end of the financial year, unsatisfied accrued contributions are included.

2. Long-term benefits of defined benefit.

Long-term remuneration to staff who do not have the defined contribution character shall be considered as a defined benefit. In this case, the amount to be recognised as a provision for long-term staff remuneration shall be the difference between the present value of the committed remuneration and the fair value of any assets affected by the commitments to the employees. the obligations shall be settled. It shall also, where appropriate, be reduced in the amount of costs for past services not yet recognised in the terms set out in this standard. All changes in the previous amounts that occur in the financial year shall be recognised in the profit or loss account, except for those which, as referred to in the following paragraphs, are to be directly imputed to the equity.

If an asset arises from the application of the preceding paragraph, its valuation may not exceed the current value of the economic benefits that may return to the entity in the form of direct or minor reimbursements. future contributions, plus, where appropriate, the pending portion of the costs incurred for past services. Any adjustment to be made by this limit in the valuation of the asset, linked to post-employment remuneration, shall be directly attributed to equity, being recognised as reserves.

To estimate the amount of the current value of the defined benefit committed remuneration will be used actuarial methods of calculation and financial assumptions and actuarials insinced and compatible with each other.

They shall be understood as assets, including insurance policies, those that are not owned by the entity but are legally separate and are only available for the settlement of remuneration to the employees. Such assets cannot return to the entity except where the remaining assets to meet all obligations are sufficient. In the case of insurance policies, the insurance undertaking should not be a related party of the entity as defined in the 13. annual accounts. Where assets have a long-term benefit fund for employees, they cannot be non-transferable financial instruments issued by the institution.

The change in the calculation of the current value of the post-employment remuneration committed or in its case of the asset affected, on the date of the close of the financial year, due to actuarial losses and gains will be attributed to the year in the which arises directly in the net worth, being recognised as reserves. For these purposes, actuarial losses and gains are exclusively the changes that occur as a result of changes in actuarial assumptions or differences between previous calculations based on the assumptions actuarial used and events effectively occurred.

If the entity can require an insurance institution, the payment of a part or the entire disbursement required to cancel a defined benefit obligation, it is practically true that the entity is a financial institution. (a) to repay any or all of the disbursements required to cancel that obligation, but the insurance policy does not meet the conditions to be an asset, the entity shall recognize its right to reimbursement on the asset which, in other aspects will be treated as an active affection. In particular, this right shall be valued at fair value.

Costs for past services arising from the establishment of a long-term benefit plan for defined post-employment benefits or an improvement in the conditions of the post-employment service shall be recognised as expenditure and shall be charged to the result count as follows:

a) If these are irrevocable rights, the expense will be charged to the result account immediately.

(b) If these rights are revocable, the expense shall be charged to the income account in a linear manner in the remaining average period until the rights for past services are irrevocable. However, if an asset is to arise in accordance with the provisions of this rule, the revocable rights shall be imputed to the profit or loss account immediately, unless there is a reduction in the current value of the economic benefits which they may return to the entity in the form of direct repayments or in the form of lower future contributions, in which case the account of results shall be imputed immediately to the excess over such a reduction.

Costs for past services arising in any other type of long-term remuneration to staff shall be immediately recognised as expenses in the income statement for their current value.

20. th Grants, donations and legacies received.

1. Recognition.

Non-reintegrable grants, grants and legacies shall be accounted for, as a general rule, directly in the entity's net worth for subsequent reclassification to the surplus of the financial year as revenue, a systematic and rational basis in a manner correlated to the costs of the grant, grant or legacy, in accordance with the criteria set out in paragraph 3 of this standard. Non-reintegrable grants, grants and legacies that are obtained without allocation for a specific purpose shall be directly accounted for in the surplus of the financial year in which they are recognised.

If the grants, donations or legacies are granted by the associates, founders or employers, this same criterion will be followed, except that they are awarded on the basis of a foundation endowment or social fund, in which case they will be recognized directly in the own funds of the institution. Contributions made by a third party to the fund or to the social fund shall also be recognised directly in own funds.

Grants, donations and legacies that have a reintegrable character will be recorded as liabilities until they acquire the condition of non-reintegrables. For these purposes, they shall be considered as non-reintegrable when there is an individual agreement to grant the grant, grant or legacy in favour of the entity, the conditions laid down for its grant have been met and there are no doubts reasonable on their receipt.

In particular, in order to understand these conditions, the following criteria apply:

a) Those obtained to acquire an asset will only qualify as non-reintegrable when the corresponding asset is acquired.

If the terms of the grant require the investment to be maintained for a certain number of years, they shall be deemed not to be reintegrable when the investment has been made at the end of the year and there is no reasonable doubt that shall be maintained in the period laid down in the terms of the concession.

In particular, this criterion will be applied when the conditions of the grant require permanently to invest the amount received in a financial asset, and to allocate the return on that investment exclusively to the (a) compliance with the purpose or activity itself. The return on investment shall be accounted for in accordance with the general registration and valuation criteria established for financial assets.

(b) Those obtained for the construction, improvement, renewal or extension of an asset, if the conditions of the grant require the completion of the work and its implementation, shall be considered as non-reintegrable where the performance has been executed at the end of the financial year, in whole or in part.

In the case of partial execution, the subsidy shall be qualified as non-reintegrable in proportion to the work performed, provided that there is no reasonable doubt that the construction of the asset or the execution of the assets will be completed. actions for improvement, renewal or extension under the conditions set out in the concession agreement.

(c) Those obtained to finance specific multi-annual implementation costs, if the conditions of the grant require the completion of the action plan and the justification that the relevant activities have been carried out, For example, the performance of training courses shall be considered as non-reintegrable when the performance has been executed, in whole or in part, at the end of the financial year.

In the case of partial execution, the amount received shall be qualified as non-reintegrable in proportion to the expenditure executed, provided that there is no reasonable doubt that it will be concluded in the terms set out in the grant.

If the institution invests the funds received in a financial asset on a transitional basis, waiting to apply them to its purpose, the return on investment shall be accounted for in accordance with the general criteria for registration and valuation established for the said asset item, without prejudice to the fact that the return on investment should also be applied to the purpose for which the aid was granted.

However, in those cases where the recipient of the aid is not the beneficiary of the funds received, it acts as a mere intermediary between the grantor and its final recipients, the amount (a) it shall not have any influence on its profit or loss account, but only cash movements that occur shall be recorded, without prejudice to the fact that, if the entity is liable for the good end of the aid received, the the corresponding provision should be accounted for.

2. Assessment.

Monetary grants, grants and legacies shall be valued at the fair value of 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 surplus of the year.

The imputation to the surplus of the financial year of the grants, donations and legacies that have the character of non-reintegrables will be carried out according to their purpose.

In this sense, the criterion of imputation of a grant, donation or legacy of a monetary character must be the same as that applied to another grant, donation or legacy received in kind, when they relate to the acquisition of the same type of asset or the cancellation of the same type of liability.

For purposes of imputation to the exercise surplus, the following types of grants, donations and legacies should be distinguished:

(a) When they are obtained to finance specific expenses: they shall be charged as income in the same financial year in which the expenses they are financing are due.

b) When they are obtained to acquire assets or cancel liabilities, the following cases can be distinguished:

b₁) Assets of intangible fixed assets, material and real estate investments: shall be charged as income for the year in proportion to the amount of depreciation made during that period for the said items or, where applicable, where the disposal takes place, a valuation correction for impairment or a balance sheet. This same criterion applies if the aid is intended to compensate for the costs of major repairs to be carried out on the assets of the Historical Heritage.

b₂) Historical Heritage assets: they shall be charged as income from the year in which their disposal occurs, valuation correction for deterioration in the balance sheet or, where appropriate, in proportion to the allocation to the depreciation made during that period for the above mentioned elements.

b₃) Stocks that are not obtained as a result of a commercial rappel: they shall be charged as income from the year in which their disposal is produced, a valuation correction for a deterioration in the balance sheet.

b₄) Financial assets: they shall be charged as income from the year in which their disposal occurs, valuation correction for impairment or low balance sheet.

b₅) Cancellation of debts: shall be charged as income from the year in which such cancellation occurs, except where they are granted in respect of a specific financing, in which case the imputation shall be made in function of the funded item.

Without prejudice to the foregoing, in the event of the disposal of the asset received, if the entity were obliged to allocate the consideration obtained simultaneously to the acquisition of an asset of the same nature, the grant, grant or legacy shall be charged as income from the financial year in which the said restriction ceases.

In any event of an irreversible nature, the valuation corrections for the deterioration of the elements in the part in which they have been financed free of charge shall be considered irreversible.

4. Transfers received from non-cash assets and services without consideration.

Without prejudice to the provisions of paragraph 2 of this rule, the following criteria shall apply to the disposals of goods and services provided for free below.

4.1 Cession of land use free of charge and time.

The entity shall recognize an intangible fixed asset for the amount of fair value attributable to the right of use. It shall also record an income directly on equity, which shall be reclassified to the surplus of the year as income on a systematic and rational basis, in accordance with the criteria set out in paragraph 3 of this Standard.

The above duty shall be amortised in a systematic manner within the time of the transfer. In addition, investments made by the entity that are not separable from the land transferred in use shall be accounted for as material immobilised when they meet the definition of the asset.

These investments will be amortized according to their useful life, which will be the term of the transfer-including the renewal period when there is evidence to bear that it will be produced-when it is less than its life. economic. In particular, this accounting treatment shall be applicable to the buildings which the institution builds on the site, irrespective of whether the property is transferred to the transferor or to the entity.

4.2 Cession of land use and construction for free and time.

If the accounting treatment is transferred together with the land, the accounting treatment shall be as described in paragraph 4.1 of this Standard. However, if the transfer period exceeds the lifetime of the construction, considering the economic background of the operation, the right of use attributable to the transaction shall be accounted for as a tangible fixed asset, amortised under the terms of the general criteria applicable to these assets. This same treatment shall apply to the land if it is given for an indefinite period.

4.3 Property of the building free of charge for a period of one year extendable for equal periods, or for an indefinite period.

If the cession is agreed for a period of one year, renewable for equal periods, or for an indefinite period reserving the transferor the power to revoke it at the close of each financial year, the entity shall not account for any assets, By limiting itself to recognizing all years an expense according to its nature and a grant/donation income in the income statement for the best estimate of the right given.

However, where there are indications that could show that such extensions will be permanently agreed without imposing conditions on the entity, other than the simple continuity of their activities, the treatment the accounting officer of the transaction shall be treated as described in paragraph 4.2. Similar treatment will be applied in the case of an indefinite period.

4.4 Services received without consideration.

The entity will recognize in the results account an expense according to its nature and a grant/grant income for the best estimate of the fair value of the service received.

21. Ments between non-profit entities.

1. Scope of application.

This rule shall apply to mergers in which non-profit entities are exclusively involved.

When a non-profit entity acquires a business, the criteria set out in the General Accounting Plan, approved by Royal Decree 1514/2007 of 16 November, shall apply.

2. Accounting valuation of the assets.

The assets of the entity resulting from the merger shall be measured by the accounting values they have in each of the entities prior to the transaction.

Similarly, the resulting entity will move to its net worth the headings and items that look in the net worth of the entities participating in the merger.

Fees paid to legal advisors, or other professionals involved in the transaction will be counted as an expense in the income statement.

3. Elimination of reciprocal credits and debits.

Any impairment loss previously recognised by those entities in respect of reciprocal credits and debits shall be reversed and accounted for as an income in the income statement of the entity that would have been accounted for the impairment loss. On the date of the transfer of the assets to the entity resulting from the transaction, the said credit and debits shall be cancelled in the accounts of the latter.

22. th Joint Business.

1. Scope of application.

A joint venture is an economic activity controlled jointly by two or more natural or legal persons. For these purposes, joint control is a statutory or contractual arrangement under which two or more persons, who shall be referred to in this standard "unit-holders", agree to share the power to direct financial and operating policies. on an economic activity in order to obtain economic benefits, in such a way that strategic decisions, both financial and operating, relating to the activity require the unanimous consent of all members.

2. Joint business categories.

Joint businesses can be:

(a) Joint business that does not manifest itself through the constitution of an entity or the establishment of an independent financial structure of the unit-holders, such as the temporary unions of entities and the communities of goods, and among which they are distinguished:

to₁) Joint-controlled holdings: activities involving the use of assets and other resources owned by unit-holders.

to₂) Joint-controlled assets: assets that are owned or controlled jointly by the unit-holders.

(b) Joint ventures that are manifested through the constitution of an independent legal person or jointly controlled entities.

2.1 Joint-controlled holdings and assets.

The participating in a holding or jointly controlled assets shall record on its balance sheet the proportional share corresponding to it, based on its share of the share, of the jointly controlled assets and the liabilities incurred jointly, as well as the assets affected by the joint holding which are under their control and liabilities incurred as a result of the joint venture.

You will also recognize in your income statement the corresponding portion of the revenue generated and the expenses incurred by the joint venture, as well as the expenses incurred in connection with your business participation. together, and that according to the provisions of this Plan of Accounting they must be imputed to the account of the results. In the same way they shall be reflected in the income account, the property changes corresponding to the proportional share of the amounts of the joint business items that correspond to it, depending on the percentage of participation established in the agreements reached.

Where appropriate, the cash flow statement of the participant shall also be the proportional share of the amounts of the items in the joint business that correspond to it according to the percentage of participation established in the agreements reached.

The unrealized results that could exist for transactions between the participant and the joint venture should be eliminated, in proportion to the participation that corresponds to that one. The amounts of assets, liabilities, income, expenses and reciprocal cash flows shall also be disposed of.

If the joint venture develops financial statements for the purpose of controlling its management, it may be operated by integrating the same into the individual annual accounts of the unit-holders according to the percentage of participation. Such integration shall take place after the necessary temporary homogenisation, taking into account the date of closure and the financial year of the participant, the valuation homogenisation in the event that the joint venture has used criteria values other than those used by the participant, and the reconciliations and reclassifications of necessary items.

2.2 Joint-controlled entities.

The participant shall record its participation in a jointly controlled entity in accordance with the provisions for investments in the equity of group, multi-group and associated entities in paragraph 2.5 of the standard on financial instruments.

23. Operations between entities in the group.

1. Scope and general rule.

This rule shall apply to transactions performed between entities within the same group, as defined in the 11 th rule of production of the annual accounts contained in the third part of this Plan of Non-profit entities.

Operations between entities in the same group, regardless of the degree of linkage between the participating group entities, shall be accounted for in accordance with the general rules.

Consequently, as a general rule, the elements which are the subject of the transaction concerned with the business activity shall be counted at the initial moment at their fair value. Where appropriate, if the price agreed in an operation differs from its fair value, the difference shall be recorded in the light of the economic reality of the transaction. The subsequent assessment shall be carried out in accordance with the provisions of the relevant rules.

Operations affected by the activity itself will be counted at the initial time for the agreed price.

2. Special rule: non-cash contributions.

Particular rules will only apply when the items that are the object of the transaction are to be qualified as a business.

A business is an integrated set of activities and assets that can be managed and managed for the purpose of providing a performance, lower costs or other economic benefits directly to its owners or Participants and control is the power to direct the financial and operating policies of a business in order to obtain economic benefits from its activities.

For the purposes of this rule, equity holdings that grant control over an entity that constitutes a business will also have this rating.

In non-cash contributions to an entity of the group, the contributor shall assess its investment in the book value of the assets delivered in the individual annual accounts on the date of the operation.

24. 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 it is 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 entity could have obtained and taken into account in the formulation of those 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.

25. ª 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 operating entity principle shall be taken into account in the formulation of the annual accounts. Consequently, the annual accounts shall not be drawn up on the basis of that principle if the managers, even after the end of the financial year, determine that they intend to liquidate the entity or to cease their business or that they do not there is a more realistic alternative to doing so.

THIRD PART

Annual accounts

I. Rules for drawing up annual accounts

1. th Documents that make up the annual accounts.

The annual accounts of non-profit entities comprise the balance sheet, the profit and loss account, and the memory. These documents form a unit and must show the true image of the assets, the financial situation and the results of the entity's activities.

Full, comprehensive and comments on the information contained in the balance sheet and the results account. In particular, it shall contain a detailed description of the flow of personnel and the degree of compliance with the entity's activities. Where balance and memory can be made in an abbreviated model, information on cash flows shall not be required.

2. Annual Account Form.

1. The annual accounts shall be drawn up on a 12-month basis, except in cases of incorporation, modification of the date of closure of the exercise or dissolution.

2. The annual accounts shall be drawn up by the governing body of the institution, which shall be responsible for its veracity. The time limit for formulation and approval shall be no more than six months from the end of the financial year. However, if they are audited annual accounts, they shall be made within three months of the end of the financial year.

The formulation and approval of the annual accounts and, where appropriate, the subsequent review by the competent body, shall follow the arrangements provided for in the relevant regulatory standard of the legal system of the institution. For these purposes, the annual accounts must be signed by all the persons who have the power to do so, and if the signature of any of them is lacking, an indication of the cause shall be expressed in each of the documents in which it is lacking. In any case, the annual accounts shall express the date on which they were formulated.

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

4. The annual accounts shall be drawn up by expressing their values in euro; however, the values may be expressed in thousands or millions of euro when the size of the figures so advises, and this should be indicated in the accounts. year.

3. th Structure of annual accounts.

1. The annual accounts of non-profit-making entities shall be adapted to the normal model.

2. Non-profit-making entities may use the annual accounts abbreviated in the following cases:

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

-That the total of the assets of the asset does not exceed two million eight hundred and fifty thousand euros. For these purposes, the total amount shown in the model of the balance sheet shall be fully understood.

-That the net amount of its annual revenue volume does not exceed five million euros. For these purposes, the sum of items 1 shall be understood as a net amount of the annual volume of revenue. "Income from own activity" and, where applicable, item 2. "Sales and other income from business activity".

-That the average number of workers employed during the exercise is not greater than 50.

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

-That the total of the assets of the asset does not exceed the eleven million four hundred thousand euros. For these purposes, the total amount shown in the model of the balance sheet shall be fully understood.

-That the net amount of its annual volume of revenue does not exceed twenty-two billion euros. For these purposes, the sum of items 1 shall be understood as a net amount of the annual volume of revenue. "Income from own activity" and, where applicable, item 2. "Sales and other income from business activity".

-That the average number of workers employed during the financial year is not greater than 250.

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

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 entities that can use it. In addition, provided that such entities perform operations whose in-memory information is regulated in the normal model of the annual accounts and not in the abbreviated one, they shall include such information in abbreviated memory. These transactions may include: accounting coverages, the acquisition of a business and information on the environment, among others.

4. A common rules for the balance sheet and the results count.

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

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

4. 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.

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

6. Items preceded by Arab numbers in the balance sheet, or letters in the income statement and cash flow statement, may be grouped if they represent only an irrelevant amount to show the true picture or if clarity is favoured.

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

8. Claims and debts with group and associated entities, as well as the income and expenses arising from them, shall be included in the corresponding items, with the separation of those that do not correspond to group or associate entities, respectively. In any case, the items relating to associated entities will also include relationships with multi-group entities.

9. Entities participating in one or more joint ventures which do not have legal personality (temporary unions of undertakings, communities of goods, etc.) shall submit this information, taking into account the provisions of the registration standard and assessment of joint ventures, integrating in each consignment of the models of the different financial statements the amounts corresponding to the joint ventures in which they participate, and reporting on their breakdown in memory.

5.

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 entity 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.

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

-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.

The other assets of the asset, in particular the assets of the Historical Heritage, 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 institution does not have an unconditional right to defer its 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. A financial asset and a financial liability may be presented in the balance sheet for the net amount provided that the following conditions are met:

a) That the entity has at that time, the required right to compensate for the recognized amounts, and

b) That the entity intends to liquidate the amounts by net or to perform the asset and to cancel the liability simultaneously.

The same conditions must be met for the entity to be able to file for its net amount the assets for taxes and the liabilities for taxes.

Without prejudice to the foregoing, if a transfer of a financial asset that does not meet the conditions for its loss of the balance sheet as provided for in the registration and valuation rules, the associated financial liability is produced, it is recognized that it cannot be compensated by the related financial asset.

3. 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.

4. Where the institution has research expenditure activated in accordance with the relevant registration and valuation standard, a specific item 'Investigation' shall be created under the heading A. I 'Intangible fixed assets' of the the normal balance sheet asset.

5. The land or buildings which the entity is intended to obtain for lease income or have the purpose of obtaining capital gains through its disposal, outside the ordinary course of its operations, shall be included under heading A. IV. "Real estate investments" of the asset.

The land or buildings which the institution will make, in the exercise of its own activity, to the transfer to third parties without consideration or in exchange for a significantly lower consideration than the market, shall be included in Heading A. III. "Tangible assets" of the asset.

6. In the case where the institution has a cycle production stock of more than one year, the items under item B. II. of asset 3. "Products in progress" and 4. 'Finished products' of the normal balance sheet shall be broken down in order to collect the short-cycle and the long-cycle production separately.

7. Where the institution has credit for sales and services with a maturity of more than one year, item A. VIII shall be set out in the non-current asset, with the name 'Non-current debtors'.

Credits with users, sponsors or affiliates with a maturity of more than one year shall be presented under this heading, with the appropriate breakdown.

8. The non-required endowment or social fund shall be included in item A-1.I. 2 (Unrequired foundational allocation/Unrequired social fund) ' of the net worth.

9. Where the institution has debts to suppliers with a maturity of more than one year, item B. VI shall be created on the non-current liability, with the name 'Non-current creditors'.

10. Debits with beneficiaries with a maturity of more than one year shall be presented under item B. VI of the liability, as referred to in the previous paragraph, with the appropriate breakdown.

11. If there are related transactions, item B. III 'Users and other debtors of the activity of the asset' shall be broken down into 'Group Entities', 'Associated Entities' and 'Other'.

12. If related transactions exist, the heading C.V. Liability-Acreers of the liability shall be broken down into "Group Entities", "Associated Entities" and "Other".

13. Grants, donations and non-reintegrable legacies granted by third parties, associates, founders or employers, which are pending against results, shall form part of the entity's net worth, registering in the subpool A-3. "Grants, donations and legacies received." Grants, grants and non-reintegrable legacies awarded by third parties, partners, founders or employers in the form of a fund or a social fund shall be part of the net worth, within the own funds, by registration. under the heading A-1. "Own funds".

14. Where the institution has investments in assets that meet the financial asset definition in paragraph 2 of the reporting and valuation standard on financial instruments, they are not regulated by that standard and do not specifically include in other balance sheet items (such as assets linked to post-employment benefits of defined benefit which are to be recognised in accordance with the standard of registration and valuation of liabilities for long-term remuneration to staff), shall create the 'Other investments' included in the headings A. V, A. VI, B. V and B. VI of the balance sheet asset normal, depending on whether they are in the long or short term and against entities in the group and associated or not.

15. If, exceptionally, the currency or the functional currencies of the institution are different from the euro, the changes in value resulting from the conversion to the currency of presentation of the annual accounts shall be recorded under a specific heading ' Difference of conversion " that will be created within the A-2 subpool. 'Adjustments for changes in value' of the net worth of the normal balance sheet. This item shall include changes in the value of the net investment hedging instruments in a foreign business which, in accordance with the rules of registration and valuation, are to be attributed to equity.

16. The institution shall present on the balance sheet, separately from the rest of the assets and liabilities, the non-current assets held for sale and the assets corresponding to an eligible group of items held for sale, which shall be included in the balance sheet. the asset and the liabilities that are part of a set group of items held for sale, which shall be listed under the liability item C.I. These assets and liabilities shall not be compensated or presented as a single amount.

17. Where the institution has assets classified as 'non-current assets held for sale' or as 'liabilities linked to non-current assets held for sale', the valuation changes of which are to be recorded directly in the net worth (e.g. financial assets available for sale), a specific heading 'Non-current assets and related liabilities held for sale' shall be created within the A-2 sub-pool. "Adjustments for changes in value" of the net worth of the normal balance sheet.

6. Results Count.

The results count collects the variations originated in net worth over the course of the financial year, by the following concepts:

a) The exercise surplus.

(b) The amount of income or expenses recognised directly in equity, as required by the rules of registration and valuation.

(c) Transfers or reclassifications made to the surplus for the financial year as required by the registration and valuation rules.

d) Adjustments due to changes in accounting criteria and bug fixes.

e) Variations in the foundational endowment or social fund.

f) The remaining variations that occur in the net worth.

This document will be formulated by applying the following rules for each of these concepts.

1. Exercise surplus.

Collects the portion of the result of the period, consisting of the income and expenses of the period, except where appropriate direct imputation to the net worth in accordance with the provisions of the registration and valuation rules.

It will be formulated considering that:

(a) Revenue and expenditure shall be classified according to its nature.

(b) The amount corresponding to the sales, services and other income of the activity shall be reflected in the income statement for the net amount of returns and discounts.

(c) The amounts corresponding to activities carried out by other entities in the production process shall be shown in Item 6. "Supplies".

(d) Grants, donations and legacies received which finance assets or expenses affected by the fulfilment of the purposes of the institution shall be reflected in item (1) (d) "Subsidies attributed to the surplus for the financial year " and (e) "Donations and legacies imputed to the surplus of the financial year" of the normal model of the income statement, and (d) "Grants, donations and legacies charged to the surplus of the financial year " of the abbreviated model, while grants, donations and Legacies which finance assets of tangible or intangible fixed assets shall be imputed to results, in accordance with the standard of registration and valuation, through item 11. "Grants, donations and capital legacies transferred to the surplus of the financial year". Grants, grants and legacies awarded to cancel debts that are awarded without a specific purpose shall also be charged to item 11.

If an expense or an asset of a financial nature is financed, the corresponding income shall be included in the surplus of the financial transactions by incorporating, if significant, the corresponding item with the Title "Imputation of grants, donations and legacies of financial character".

If the entity performs business activities and receives grants, donations, or legacies related to such activities, it will apply the following criteria:

i. Those incorporating the normal operating cycle shall be shown in heading 7. "Other income from the activity." For this purpose, the following breakdown shall be included: (a) Revenue and other current management and (b) Grants, donations and legacies of exploitation affected by the business activity.

ii. Those that finance assets of intangible fixed assets, material or real estate investments shall be shown in item 11. "Grants, donations and capital legacies transferred to the surplus of the financial year". For this purpose, the corresponding breakdown shall be included in the breakdown between the "affections to the own activity" and the "affections to the business activity".

iii. If an expenditure or an asset of a financial nature is financed, the criterion indicated in relation to its own activity shall apply. To this end, the following breakdown shall be included in the heading "Imputation of grants, donations and legacies of a financial character": the "affections to the own activity" and the "affections to the business activity".

e) Item 12. 'Excess of provisions' means reversions of provisions in the financial year, with the exception of those relating to staff which are reflected in item 8. 'Personnel expenses' and those derived from commercial transactions that are reflected in item 9.c) of the standard and 8 of the abbreviated model.

f) In the exceptional assumption that in a business combination the value of the identifiable assets acquired less that of the liabilities assumed is higher than the cost of the business combination, a departure will be created with the denomination "Negative difference of business combinations", forming part of the surplus of the activity.

(g) The revenue and expenditure incurred by the hedging instruments which, in accordance with the provisions of its registration and valuation standard, are to be charged to the profit or loss account, shall be included in the item of expenditure or revenue, respectively, which generates the cover item, reporting in detail in the memory.

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

(i) Where the entity presents exceptional and significant revenue or expenditure, such as those produced by floods, fires, fines or penalties, a consignment with the name 'Other' shall be created. results ", forming part of the surplus of the activity and will report in detail in the memory.

(j) In item 16.a) "Fair value change in financial instruments, trading book and other " of the normal model shall be reflected in changes in the fair value of the financial instruments included in the categories of 'Financial assets (liabilities) held for trading' and 'Other financial assets (liabilities) at fair value with changes in the surplus for the financial year' in the terms of the registration and valuation rule relating to financial instruments, the amount of accrued interest calculated on the basis of the effective interest rate method as well as the amount of accrued dividends may be charged. to be charged, in the appropriate headings, according to their nature.

2. Revenue and expenditure recognised directly in net worth and reclassifications to surplus for the year.

The amounts relating to revenue and expenditure directly attributed to the net worth and reclassifications to the profit or loss account shall be recorded in the gross amount, shown in a separate item, tax effect.

If there is a property item classified as "Non-current assets held for sale" or as "Liabilities linked to non-current assets held for sale", which implies that its valuation produces changes that A specific item 'Non-current assets and related liabilities held for sale' shall be created under a specific heading in the net worth (e.g. financial assets available for sale). 'Revenue and expenditure directly imputed to the net worth' and D. ' surplus of the exercise ".

In case of exceptionally, their currency or functional currencies were different from the euro, the changes in value resulting from the conversion to the currency of presentation of the annual accounts shall be recorded in the net worth for which a specific heading 'Conversion differences' shall be established within the 'Income and expenditure recognised in net worth' and 'Reclations to the surplus for the financial year'. These headings shall include changes in the value of the net investment hedge instruments of a foreign business which, in accordance with the rules of registration and valuation, are to be charged to equity.

3. Adjustments due to changes in accounting criteria and error corrections.

When an error is reported in the financial year to which the annual accounts corresponding to an exercise prior to the comparative exercise are concerned, the report shall be reported in the report and shall include the corresponding adjustment in the profit or loss account. the initial assets of that comparative exercise shall be amended in order to ensure that the error is corrected. Where the error corresponds to the comparative exercise, the profit or loss account for the previous year shall be reexpressed.

The same rules apply to accounting criteria changes.

4. Variations in the foundational endowment or social fund.

The contributions of founders, associates and third parties to the endowment or social fund shall be collected, as well as the changes that may arise in these concepts from the reclassification of other assets net or other operations affecting them.

5. In item 20 'Surplus of the year from net tax transactions' of the normal profit or loss account model, where the institution shall include a single amount comprising:

The after-tax result of the interrupted activities; and

The result after tax recognised by the fair value valuation minus the selling costs, or by the disposal or disposal by other means of the assets or groups of items constituting the interrupted activity.

The entity shall present in this item the amount of the previous year corresponding to the activities that are interrupted at the date of the close of the financial year to which the annual accounts correspond.

An interrupted activity is any component of an entity that has been or has been disposed of by another path, or that has been classified as maintained for sale, and:

a) Represent a business line or geographical area of the holding, which is significant and can be considered separate from the rest;

(b) Form part of an individual and coordinated plan to dispose of or dispose of another line of business line or geographical area of the holding that is significant and can be considered separate from the rest; or

c) Be a dependent entity acquired exclusively for the purpose of selling it.

For these purposes, an entity's component is the activities or cash flows which, because they are separate and independent in their operation or for the purposes of financial information, are clearly distinguished from the rest of the entity, such as a dependent entity or a business or geographic segment.

The revenue and expenditure generated by non-current assets and items of assets held for sale, which do not meet the requirements to qualify as discontinued operations, shall be recognised in the the account of the results corresponding to their nature.

7. 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. Those entities which jointly carry out non-profit activities (irrespective of whether the benefit or service is granted free of charge or by way of consideration) with gainful activities of a commercial nature, must to differentiate within the fixed assets, the stocks, as well as the operating expenses and revenues, the affections to own activities and those that are affected to commercial activities, determining the operating result that corresponds to each of these activities, for which a specific paragraph will be created with the following name: "Property assets affected by business activity".

3. Any other information not included in the model of the memory which is necessary to enable knowledge of the situation and activities of the institution in the financial year shall be indicated, facilitating the understanding of the annual accounts which are the subject of presentation, in order for them to reflect the true image of the assets, the financial situation and the results of the institution; in particular, qualitative data relating to the situation of the previous financial year shall be included when This is significant. Additionally, in memory, any information that other regulations require to include in this document will be incorporated in the annual accounts.

In this sense, in non-profit-making entities, it is generally appropriate to distinguish the following categories of assets:

-Assets with permanent constraints (limitations on the target or the mandatory investment of assets).

-Assets with temporary (present and future) constraints.

-Assets without restriction of use.

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. What is established in the memory in relation to the associated entities should be understood as also referring to the multi-group entities.

6. 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.

8. Information on cash flows.

The information on the origin and use of the cash representative cash assets and other equivalent liquid assets shall be shown in the statement of cash flows within the meaning of paragraph 30 of the Memory, classifying the movements by activities and indicating the net variation of that magnitude in the exercise.

Cash and other equivalent liquid assets, which as such are set out in item B. VIII of the balance sheet asset, i.e. the cash deposit deposited in the entity's cash, 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.

Also, for the purposes of the cash flow statement, it may be included as a cash component, occasional overdrafts when they are an integral part of the entity's cash management.

This document will be formulated considering 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 operating activities and management activities are primarily those caused by the activities that constitute the main source of income of the entity, as well as by other activities that do not can be qualified 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.

The commercial paper discount, or the advance for any other type of agreement, of the amount of the sales to customers will be treated for the purposes of the cash flow statement as a charge to clients that has been brought forward in the time. It shall also apply to similar discounts on operations carried out by the institution.

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

c) Cash flows by interest, including those accounted for as higher asset value, and dividend collections.

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 contributions to the fund or social fund, the resources granted by financial institutions or third parties in the form of loans or other financing instruments, as well as payments made for repayment or repayment of the amounts contributed by them.

4. Charges and payments from financial assets, as well as those for high turnover financial liabilities, may be shown net, provided that this is reported in the memory. The rotation period shall be deemed to be high where the period between the date of acquisition and the date of maturity does not exceed six months.

5. 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.

6. The entity should report any significant amount of its cash balances and other cash equivalent liquid assets that are not available for use.

7. Where accounting coverage is available, the flows of the hedging instrument shall be incorporated in the same heading as those of the cover item, indicating in memory this effect.

8. In the case of interrupted operations, the flows of the different activities shall be detailed in the relevant note of the memory.

9. 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.

10. The change in cash and other equivalent liquid assets caused by the acquisition or disposal of a set of assets and liabilities forming a business or line of business shall be included as a single item in the investment activities, under the heading of investments or divestitures as appropriate, with a specific item being created with the name 'Business Unit'.

9. th annual business figure.

The net amount of the annual turnover shall be determined by deducting from the amount of the sales of the goods and the services or other income corresponding to the gainful activities of a commercial character of the entity, the amount of any discount (bonuses and other reductions on sales) and the amount of value added tax and other taxes directly related to them, which must be the subject of an impact.

10. The average number of workers.

For the determination of the average number of workers, all persons who have or have had a working relationship with the institution during the financial year shall be considered to be averaged according to the time during which they have provided their services.

11. Group Entities, multigroup, and associated.

For the purposes of the presentation of the annual accounts of a non-profit-making entity, another entity shall be understood to be part of the group where they are linked by a direct or indirect control relationship, analogous to the provided for in Article 42 of the Code of Commerce for groups of companies or where institutions are controlled by any means by one or more natural or legal persons acting jointly or under a single direction by statutory agreements or clauses.

In particular, two non-profit entities shall be presumed to have the qualification of group entities to the sole purpose of fulfilling the duty of reporting in their respective individual annual accounts, in the required by this Plan, when in both entities the majority of the persons who make up their respective governing bodies coincide.

An entity shall be understood to be associated when, in the case of an entity of the group, in the sense above, the entity or some or some of the entities in the group in the event of an entity, including entities, is an entity. or dominant natural persons, exercise on such entity a significant influence by having a participation in it which, creating with this a lasting linkage, is intended to contribute to its activity.

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) The entity or one or more entities in the group, including the dominant entities or natural persons, participate in the entity, and

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

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

1. Representation in the governing body of the investee entity;

2. Participation in policy-setting processes;

3. Transactions of relative importance to the investee;

4. Exchange of management personnel; or

5. Provision of essential technical information.

It shall be presumed, unless proof to the contrary, that there is significant influence when the entity or one or more entities of the group, including the controlling entities or natural persons, has at least 20 per 100 of the rights of another entity's vote.

A multi-group entity shall be understood to be a multi-group entity that is jointly managed by the entity or some or some of the entities in the group in case of existence, including the dominant entities or natural persons, and one or more third parties outside the entity group.

12. th interim financial statements.

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

13. Related Parties.

1. One party is considered to be linked to another party where one or a set acting in concert, exercises or has the possibility to exercise directly or indirectly or under covenants or agreements between founders, members of the governing body or partners, control over another or a significant influence on the financial and exploitation decision-making of the other.

2. In any case, related parties shall be considered:

(a) Entities that have the entity consideration of the group, associate or multigroup, in the sense indicated in the previous 11th standard of drawing up the annual accounts.

However, an entity shall be exempt from including the information collected in the section of memory relating to related party transactions, where the first one is controlled or significantly influenced by an entity. State, regional or local public administration and the other entity is also controlled or significantly influenced by the same Public Administration, provided that there is no indication of an influence between the two. Such influence shall be understood, inter alia, where operations are not carried out under normal market conditions (unless such conditions are imposed by a specific regulation).

(b) natural or legal persons who have the status of founders, members of the governing body, associates or who, where appropriate, directly or indirectly hold any participation in the voting rights of the entity; or the dominant entity of the same, provided that such condition or participation in voting rights allows them to exercise significant influence over one or the other. The next family members of the above natural persons are also included.

(c) The key personnel of the entity or its parent, understanding by such individuals with authority and responsibility for the planning, direction and control of the entity's activities, either directly or indirectly. indirectly, including founders and associates. The next family members of the above natural persons are also included.

(d) Entities on which any of the persons referred to in points (b) and (c) may exercise significant influence.

e) Entities that share any founder, associate or member of the governing body or manager with the entity, unless the entity does not have a significant influence on the financial and operating policies of both.

(f) Persons who have the consideration of next family members of the representative of the institution's administrator, when he/she is a legal person.

g) Pension plans for employees of the entity itself or any other party that is a related party to it.

3. For the purposes of this rule, family members close to those who may exercise influence on, or be influenced by, that person in their decisions related to the entity shall be understood. They will include:

(a) The spouse or person with a similar affectivity relationship;

(b) Ascendants, descendants and siblings and the respective spouses or persons with a similar affectivity relationship;

c) Ancestors, descendants and siblings of the spouse or person with a similar affectivity relationship; and

d) The persons in charge or in charge of the spouse or person with a similar relationship of affectivity.

NORMAL ANNUAL ACCOUNT MODELS

Balance

Balance sheet at year 200X

ACCOUNTS

ACTIVE	MEMORY NOTES	200X	200X-1
	A) ACTIVE NOT CURRENT
	I. Intangible fixed assets
201, (2801), (2901)	1. Development
202, (2802), 2902)	2. Concessions
203, (2803), (2903)	3. Patents, licenses, brands and the like
204	4. Goodwill
206, (2806), 2906)	5. Computer applications
207, (2807), (2907)	6. Rights to assets ceded in use
205, 209, (2805), (2830), 2905)	7. Other intangible fixed assets
	II. Historical Heritage Assets
240, (2990)	1. Real Estate
241, (2991)	2. Files
242, (2992)	3. Libraries
243, (2993)	4. Museums
244, (2994)	5. Furniture
249	6. Advances on Historic Heritage assets
	III. Immobilized material
210, 211, (2811), 2831), 2910), (2911)	1. Grounds and constructs
212, 213, 214, 215, 216, 217, 218, 219, (2812), (2813), (2814), (2817), (2818), (2819), (2912), (2913), (2914), (2915), (2916), (2917), (2918), (2919)	2. Technical installations and other tangible assets
23	3. Immobilized in progress and advances
	IV. Real Estate Investments
220 (2920)	1. Grounds
221, (282), (2921), (2832)	2. Constructs
	V. Investments in group entities and long-term associates
2503, 2504, (2593), (2594), (293)	1. Heritage Instruments
2523, 2524, (2953), (2954)	2. Credits to entities
2513, 2514, (2943), (2944)	3. Debt representative values
	4. Derivatives
	5. Other financial assets
	VI. Long-term financial investments
2505, (2595), 260, (269)	1. Heritage Instruments
2525, 262, 263, 264, (2955), (298)	2. Credits to third parties
2515, 261, (2945), (297)	3. Debt representative values
265	4. Derivatives
268, 27	5. Other financial assets
474	VII. Deferred tax assets
	B) CURRENT ACTIVE
	580, 581, 582, 583, 584, (599)	I. Non-current assets held for sale
	II. Stocks
30, (390)	1. Goods destined for the activity
31, 32, (391), (392)	2. Raw materials and other supplies
33, 34, (393), (394)	3. Products in progress
35, (395)	4. Finished Products
36, (396)	5. By-products, waste and recovered materials
407	6. Advances to suppliers
447, 448, (495)	III. Users and other debtors of your own activity
	IV. Commercial debtors and other accounts receivable
430, 431, 432, 435, 436, (437), (490), (4935)	1. Customers by sales and service capabilities
433, 434, (4933), (4934)	2. Clients, group entities, and associates
440, 441, 446, 449	3. Multiple debtors
460, 464, 544	4. Staff
4709	5. Current tax assets
4700, 4707, 4708, 471, 472	6. Other credits with Public Administrations
558	7. Founders by required disbursements
	V. Investments in group entities and short-term associates
5303, 5304, (5393), (5394), (593)	1. Heritage Instruments
5323, 5324, 5343, 5344, (5953), (5954)	2. Credits to entities
5313, 5314, 5333, 5334, (5943), (5944)	3. Debt representative values
	4. Derivatives
5353, 5354, 5523, 5524	5. Other financial assets
	VI. Short-term financial investments
5305, 540, (5395), (549)	1. Heritage Instruments
5325, 5345, 542, 543, 547, (5955), (598)	2. Credits to entities
5315, 5335, 541, 546, (5945), (597)	3. Debt representative values
5590, 5593	4. Derivatives
5355, 545, 548, 551, 5525, 565, 566	5. Other financial assets
480, 567	VII. Short term periods
	VIII. Cash and other equivalent liquid assets
570, 571, 572, 573, 574, 575	1. Treasury
576	2. Other equivalent liquid assets
	TOTAL ACTIVE (A + B)

ACCOUNTS

585, 586, 587, 588, 589

NET AND PASSIVE ASSETS	NOTES FROM MEMORY	200X	200X-1
	A) NET WORTH
	A-1) Own funds
	I. Foundational endowment/Social Fund
100, 101	1. Foundational endowment/Social Fund
	2. (Unrequired foundational endowment/Unrequired Social Fund)
	II. Reservations
111	1. Statutory
113, 114, 115	2. Other reservations
	III. Previous exercise surpluses
120	1. Remnant
(121)	2. (Previous exercise negative surpluses)
129	IV. Exercise surplus
	A-2) Adjustments by value changes
	133	I. Financial assets available for sale
1340	II. Coverage operations
137	III. Other
	A-3) Grants, donations, and legacies received
	130, 1320	I. Grants
131, 1321	II. Donations and legacies
	B) PASSIVE NON-STREAM
	I. Long-term provisions
140	1. Long-term performance obligations to staff
145	2. Environmental performances
146	3. Restructuring provisions
141, 142, 143	4. Other provisions
	II. Long-term debts
177, 179	1. Obligations and other negotiable values
1605, 170	2. Debt to credit institutions
1625, 174	3. Financial leasing creditors
176	4. Derivatives
1615, 1635, 171, 172, 173, 175, 180, 185, 189	5. Other financial liabilities
1603, 1604, 1613, 1614, 1623, 1624, 1633, 1634	III. Debts to group entities and long-term associates
479	IV. Deferred tax liabilities
181	V. Long-term periods
	C) PASSIVE STREAM
I. Liabilities linked to non-current assets held for sale
, 529	II. Short-term provisions
	III. Short term debts
500, 505, 506	1. Obligations and other negotiable values
5105, 520, 527	2. Debt to credit institutions
5125, 524	3. Financial leasing creditors
5595, 5598	4. Derivatives
509, 5115, 5135, 5145, 521, 522, 523, 525, 528, 5525, 551, 555, 5565, 5566, 560, 561, 569	5. Other financial liabilities
5103, 5104, 5113, 5114, 5123, 5124, 5133, 5134, 5143, 5144, 5523, 5524, 5563, 5564	IV. Debts to group entities and short-term associates
412	V. Beneficiaries-Creditors
	VI. Commercial creditors and other accounts payable
400, 401, 405, (406)	1. Suppliers
403, 404	2. Suppliers, group entities, and associates
410, 411, 419	3. Multiple creditors
465, 466	4. Staff (payback payments)
4752	5. Current tax liabilities
4750, 4751, 4758, 476, 477	6. Other debts to Public Administrations
438	7. Advances received by orders
485, 568	VII. Short term periods
	TOTAL NET AND PASSIVE EQUITY (A + B + C)

Results Account

Results count for the year ended on ..... 200X

ACCOUNTS

721

(651)

(658)

(631), (634), 636, 639

(656), (659)

(68)

(670), (671), (672), 770, 771, 772

7610, 7611, 76200, 76201, 76210, 76211

	NOTE	(Must) Haber
		200X	200X-1
	1. Revenue from your own activity
720	a) Partner and affiliate quotas
b) User inputs
722, 723	c) Promotions, sponsors, and collaborations revenue
	740, 748
747	e) Donations and legacies imputed to exercise surplus
728	Reintegrated of aids and allocations
	700, 701, 702, 703, 704, 705, (706), (708), (709)	2. Sales and other revenue from merchant activity
	3. Help and other expenses
) Currency Aids
b) Aid not monetary
(653), (654)	c) Expenses by collaborations and the governing body
d) Reintegrated grants, donations, and legacies
(6930), 71 *, 7930	4. Stock variation of finished and in-flight products
	73	5. Jobs performed by the entity for your asset
(600), (601), (602), 6060, 6061, 6062, 6080, 6081, 6082, 6090, 6091, 6092, 610 *, 611 *, 612 *, (607), (6931), (6932), (6933), 7931, 7932, 7933	6. Provisioning
75	7. Other activity revenue
	8. Staff expenditures
	a) Wages, salaries, and assimilated
(642), (643), (649)
) Provisions
	9. Other activity expenses
) External Services
b) Tributes
(655), (694), (695), 794, 7954	c) Losses, deterioration and variation of provisions by business operations
d) Other current management expenses
10. Amortization of the immobilized
	11. Grants, donations and capital legacies transferred to exercise surplus
745	a) Transpast capital grants to exercise surplus
746	b) Donations and capital legacies transferred to the exercise surplus
7951, 7952, 7955, 7956	12. Excess provisions
	13. Impairment and result by inmobilings
(690), (691), (692), 790, 791, 792	a) Impairment and Losses
b) Results by enajenations and other
	A. 1) EXCESS ACTIVITY (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13)
	14. Financial Revenue
	a) Of shareholdings in heritage instruments
7600, 7601	to1) On group and associated entities
7602, 7603	to2) On third parties
	b) Of marketable securities and other financial instruments
b1) Group entities and associated
7612, 7613, 76202, 76203, 76212, 76213, 767, 769	b2) From third parties
	15. Financial expenses
	a) By debts to group entities and associated
	b) For debts to third parties
(660)	c) Per update of provisions
	16. Fair value variation in financial instruments
(6630), (6631), (6633), 7630, 7631, 7633	a) Negotiating Portfolio and others
	b) Imputation to exercise surplus by financial assets available for sale
(668), 768	17. Change differences
	18. Deterioration and result by financial instrument enajenations
696), (697), (698), (699), 796, 797, 798, 799	a) Deteriores and losses
	b) Results by enajenations and other
A. 2) SURPLUS OF FINANCIAL OPERATIONS (14 + 15 + 16 + 17 + 18)
	A. 3) SURPLUS BEFORE TAX (A. 1 + A. 2)
	(6300) *, 6301 *, (633), 638	19. Benefits Taxes
	A. 4) SURPLUS FROM CONTINUED OPERATIONS (A. 3 + 19)
	20. Surplus from exercise net of tax breaks
	A. 5) Net worth variation recognized in exercise surplus (A. 4 + 20)
	C) Revenue and expenses directly imputed to the net worth.
	(800), (89), 900, 991, 992	1. Financial assets available for sale.
	2. Cash flow coverage operations.
940, 9420	3. Grants received.
941, 9421	4. Donations and legacies received.
(85), 95	5. Actuarial gains and losses and other adjustments.
(8300) *, 8301, (833), 834, 835, 838	6. Tax effect.
	C. 1 Net equity change by income and expenses directly recognized in net worth (1 + 2 + 3 + 4 + 5 + 6)
	D) Reclassifications to exercise surplus
802), 902, 993, 994	1. Financial assets available for sale
	2. Cash flow coverage operations
	3. Grants received
	4. Donations and Legacy Received
8301 *, (836), (837)	5. Tax effect
	D. 1 Net equity change by reclassifications to exercise surplus (1 + 2 + 3 + 4 + 5)
	E) Net equity variations by income and expenses directly attributed to equity (C. 1 + D. 1)
	F) Adjustments by criteria changes
	G) Adjustments to errors
	H) Variations in the foundational endowment or social fund
	I) Other variations
	J) TOTAL RESULT, NET WORTH VARIANCE IN EXERCISE (A. 5 + E + F + G + H + I)

* Your sign can be positive or negative.

Memory

Memory content

1. Entity Activity

1. Without prejudice to the information to be included in note 24, the purposes of the entity listed in its statutes and the activity or activities carried out in the financial year, as well as the domicile and legal form of the institution, shall be described succinctly. entity, and the place where you develop the activities if it is different from the registered office.

2. Where the institution is the most active entity in the group of entities in the group, in the terms laid down in the rule for the drawing up of the annual accounts 11. Group, multi-group and associated entities of this third party, the entity shall be informed of the more significant entities that integrate it, describing its activities and indicating the aggregate volume of assets, liabilities, revenues and expenses.

It is understood by a higher-active entity that at the time of its incorporation into the group, it presents a higher figure in the total assets of the balance sheet model.

3. Where the institution is not the most active entity in the group of entities in the group in the terms set out in the previous point, it shall indicate the Register where the annual accounts of the institution containing the information required at the point are deposited. previous.

4. In the case of being the dominant entity of a group, within the terms provided for in Article 42 of the Trade Code, the formulation of consolidated annual accounts or, where appropriate, the type of exemption which justifies the lack of formulation of the same, among those referred to in Article 43 of the Code.

5. Where there is a functional currency other than the euro, this circumstance shall be clearly stated, indicating the criteria taken into account for its determination.

2. Basis for the presentation of the annual accounts

1. True image:

(a) The entity shall make an explicit statement that the annual accounts reflect the true and fair view of the assets, the financial situation and the results of the entity, and the degree of compliance with its activities; as of the veracity of the flows incorporated in the cash flow statement.

(b) Exceptional reasons why, in order to show the true image, no legal provisions have been applied in accounting matters, with an indication of the non-applied legal provision, and qualitative and quantitative influence for each the financial year for which information is presented, such as the assets, financial situation and the results of the institution.

c) Complementary information, indicating its location in memory, that it is necessary to include when the application of the legal provisions is not sufficient to show the true image.

2. Non-mandatory accounting principles applied.

3. Critical aspects of the assessment and estimation of uncertainty.

(a) Without prejudice to the above in each specific note, this section will report on the key assumptions about the future as well as other relevant data on the estimate of the uncertainty at the closing date of the exercise, provided that they are associated with an important risk that may lead to significant changes in the value of assets or liabilities in the following financial year. For such assets and liabilities, information on their nature and book value shall be included on the closing date.

(b) The nature and amount of any change in an accounting estimate that is significant and which affects the current financial year or which is expected to affect future financial years shall be indicated. When it is impractical to estimate the effect in future exercises, this fact will be revealed.

(c) When management is aware of the existence of significant uncertainties, relating to events or conditions that may provide significant doubt as to whether the entity may continue to function normally, proceed to reveal them in this section. In the event that the annual accounts are not drawn up under the principle of operating entity, such an event shall be the subject of explicit disclosure, together with the alternative scenarios on which they have been drawn up, as well as the reasons why the entity cannot be considered as a functioning entity.

4. Comparison of the information.

Without prejudice to the following sections regarding changes in accounting criteria and error correction, the following information will be incorporated in this section:

(a) Exceptional reasons justifying the modification of the balance sheet structure and the profit or loss account of the previous year.

b) Explanation of the causes that prevent the comparison of the annual accounts of the year with those of the previous one.

(c) Explanation of the adjustment of the amounts of the preceding financial year to facilitate the comparison and, if not, the exceptional reasons which have rendered the reexpression of the comparative figures impracticable.

5. Pool of items.

The breakdown of the items that have been the subject of the balance sheet and the profit or loss account shall be reported.

It will not be necessary to present the above information if this disaggregation is contained in other sections of the memory.

6. Items collected in multiple items.

Identification of the assets, with their amount, that are recorded in two or more items in the balance sheet, with an indication of these and the amount included in each balance sheet.

7. Changes in accounting criteria.

Detailed explanation of adjustments for changes in accounting criteria made in the financial year. In particular, information should be provided on:

a) Nature and description of the change produced and the reasons why the change allows for more reliable and relevant information.

(b) Amount of correction for each of the items corresponding to the documents in the annual accounts, affected in each of the financial years presented for comparative purposes, and

(c) If the retroactive application is impracticable, the circumstances that explain it and from when the change in the accounting criterion has been applied shall be reported.

When the change of criteria is due to the application of a new standard, it will be indicated and the provisions of the new standard will be indicated, informing of its effect on future exercises.

It will not be necessary to include comparative information in this section.

8. Error correction.

Detailed explanation of the error correction adjustments made in the exercise. In particular, information should be provided on:

a) Nature of the error and the exercise or exercises in which it occurred.

(b) Amount of the correction for each of the items corresponding to the documents that make up the annual accounts concerned in each of the financial years presented for comparative purposes

and

c) If the retroactive application is impracticable, the circumstances that explain it and from when the error has been corrected will be reported.

It will not be necessary to include comparative information in this section.

3. Surplus for the year

1. Analysis of the main items that form the surplus of the financial year reporting the significant aspects of the exercise.

2. Information on the proposal for the accounting application of the surplus, according to the following scheme:

Supporting Base	Amount
Surplus.
Remover.
volunteers.
Other free disposition reservations.
Total	--------------------

	Amount
A foundational endowment/social fund.
special reservations.
To voluntary reservations.
A compensation for negative surpluses from previous exercises.
Total	---------------------

3. Information on the limitations for the application of the surplus in accordance with the legal provisions.

4. Registration and valuation rules

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

1. Intangible fixed assets; indicating the criteria used for capitalisation or activation, amortisation and valuation corrections for impairment.

Justification of the circumstances that have led to the indefinite qualification of the useful life of an intangible fixed asset.

In particular, the valuation criterion followed to calculate the recoverable value of the goodwill, as well as the rest of intangible fixed assets with indefinite shelf life, should be specified in detail.

The criteria for determining the nature of non-cash-flow assets, criteria used for capitalization or activation, amortisation, valuation corrections for impairment and disposal shall also be indicated. of these assets.

2. Tangible fixed assets, indicating the criteria for depreciation, valuation corrections for deterioration and reversal of depreciation, capitalisation of financial expenses, enlargement costs, modernisation and improvements, decommissioning or withdrawal costs, as well as the costs of rehabilitation of the place where an asset is settled and the criteria for determining the cost of the work carried out by the institution for its fixed assets.

In addition, the criteria for accounting for leasing contracts and other similar operations shall be specified.

The criteria for determining the nature of assets of non-fixed assets, non-cash flow generators, depreciation criteria, valuation corrections for impairment and reversion of the assets shall also be indicated. the rehabilitation costs of the place where an asset is settled and the disposal of these assets.

3. The criterion for qualifying land and buildings as real estate investments shall be indicated, specifying for these criteria the criteria set out in the previous paragraph.

4. Property belonging to the Historical Heritage; indicating the criteria on valuation, valuation corrections for deterioration and reversal of the same, capitalization of financial expenses, costs of enlargement, modernization and improvements, costs of decommissioning or withdrawal, as well as the costs of rehabilitation of the place where an asset is located and the criteria for determining the cost of the work carried out by the entity for these goods, and those followed in relation to the large repairs that affect them.

5. Leases; indicating the criteria for accounting for leasing contracts and other similar operations.

6. Permutas; indicating the criterion followed and the justification for their application, in particular the circumstances which led to the qualification of a commercial swap.

The justification of the applied criterion for non-cash flow-generating assets shall also be indicated.

7. Financial instruments; shall be indicated:

(a) Criteria used for the rating and valuation of the different categories of financial assets and financial liabilities, as well as for the recognition of fair value changes.

(b) The nature of the financial assets and financial liabilities initially designated as at fair value with changes in the surplus for the financial year, as well as the criteria applied in that designation and an explanation of how the institution has complied with the requirements set out in the standard of registration and valuation relating to financial instruments.

(c) The criteria applied to determine the existence of objective evidence of deterioration, as well as the recording of the correction of value and its reversal and the definitive discharge of impaired financial assets. In particular, the criteria used to calculate the valuation corrections relating to commercial debtors and other receivables shall be highlighted. The accounting criteria applied to financial assets whose conditions have been renegotiated and which otherwise would be due or impaired shall also be indicated.

d) Criteria used for the registration of financial assets and financial liabilities.

(e) Hybrid financial instruments; indicating the criteria that have been followed to assess separately the instruments that integrate them, on the basis of their economic characteristics and risks or, where appropriate, the the impossibility of such separation. In addition, the valuation criteria followed with particular reference to impairment valuation corrections shall be detailed.

f) Financial collateral contracts; indicating the criterion followed in both the initial and subsequent valuation.

g) Investments in group, multi-group and associated entities; the criterion followed in the valuation of these investments, as well as the one applied to record impairment valuation corrections, shall be reported.

(h) The criteria used in determining the revenue or expenditure arising from the various categories of financial instruments: interest, premiums or discounts, dividends, etc.

8. Accounting hedges; indicating the valuation criteria applied by the institution in its hedging operations, distinguishing between fair value hedges, cash flows and net investments in foreign business, as well as the valuation criteria applied for the recording of the accounting effects of their interruption and the reasons for which they originated.

9. Loans and debits for own activity, indicating the valuation criteria applied. In particular, those followed to calculate the value adjustments.

10. Stocks; indicating the valuation criteria and, in particular, specifying those followed by valuation corrections for deterioration and capitalization of financial expenses.

Also, the valuation criteria shall be indicated, and in particular the criteria for valuation corrections for impairment of non-cash flows.

11. Foreign currency transactions; indicating:

a) Criteria for valuation of foreign currency transactions and criteria for imputation of exchange differences.

b) When there has been a change in the functional currency, it will become manifest, as well as the reason for such a change.

(c) For the items contained in the annual accounts which at present or at their origin have been expressed in foreign currency, the procedure used to calculate the exchange rate shall be indicated in euro.

d) Criterion used for conversion to presentation currency.

12. Profit taxes; indicating the criteria used for the registration and valuation of deferred tax assets and liabilities.

13. Revenue and expenditure; indicating the general criteria applied. In particular, in relation to the performance of services carried out by the institution, the criteria used for the determination of the revenue shall be indicated; in particular, the methods used to determine the percentage of performance in the provision of services and shall be reported if its application has been impracticable.

The general criteria applied to the entity's own revenue and expenditure shall also be indicated. In particular, multi-annual expenditure and criteria for temporary imputation.

14. Provisions and contingencies; indicating the criterion of valuation, as well as, where appropriate, the treatment of compensation to be received from a third party at the time of the settlement of the obligation. In particular, a general description of the method of estimation and calculation of each of the risks shall be given in relation to the provisions.

15. Heritage elements of an environmental nature, indicating:

(a) Criteria for valuation, as well as for imputation to the results of the amounts intended for environmental purposes. In particular, the criterion used to consider these amounts as expenditure for the year or as the higher value of the corresponding asset shall be indicated.

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

16. Criteria used for the recording and valuation of staff expenditure, in particular, for pension commitments.

17. Grants, donations and legacies; indicating the criteria used for their classification and, where applicable, their imputation to results.

18. Mergers between non-profit entities; indicating the criteria for employee registration and valuation.

19. Joint ventures; indicating the criteria followed by the entity to integrate the balances corresponding to the joint venture into its annual accounts.

20. Criteria used in related party transactions.

21. Non-current assets held for sale; the following criteria shall be indicated for qualifying and valuing such assets or groups of items as held for sale, including the associated liabilities.

22. Interrupted operations; criteria for identifying and qualifying an activity as interrupted, as well as the revenue and expenses that originate.

5. Tangible fixed assets

1. Movement analysis during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections, indicating the following:

a) Initial save.

b) Entries or envelopes, specifying acquisitions made by business combinations and non-cash contributions, as well as those due to extensions or improvements.

c) Reversion of Impairment Valuation corrections.

d) Increases/decreases by transfers or transfers of other items; in particular to non-current assets held for sale or discontinued operations.

e) Outputs, casualties, or reductions.

(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.

g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.

h) End save.

2. Information about:

(a) Estimated decommissioning, retirement or rehabilitation costs, including as the highest value of assets, specifying the circumstances that have been taken into account for their valuation.

(b) Useful expenses or depreciation coefficients used by item classes, as well as the methods of amortisation used, reporting the depreciation of the financial year and the cumulative amount corresponding to each significant item of this heading.

(c) Whenever it has a significant impact on the present or future financial year, it shall be reported on changes in estimates affecting residual values, estimated costs of decommissioning, withdrawal, or rehabilitation, useful lives and methods of depreciation.

(d) Characteristics of investments in tangible fixed assets acquired from group and associated companies, with an indication of their book value, amortisation and cumulative impairment valuation corrections.

(e) Characteristics of investments in tangible fixed assets located outside the Spanish territory, with an indication of their book value, amortisation and cumulative impairment valuation corrections.

f) Amount of the financial expenses capitalized on the financial year, as well as the criteria followed for their determination.

g) For each significant impairment valuation correction, recognised or reversed during the financial year for a fixed individual material, it shall be indicated:

-Nature of the immobilized material.

-Amount, events, and circumstances that have led to the recognition and reversal of impairment loss.

-Criterion used to determine the fair value minus the selling costs, if any, or to determine the depreciated reorder cost and

-If the method used was the value in use, the type or types of update used in the current and previous estimates, a description of the key assumptions on which the projections of cash flows and how their securities have been determined, the period covering the projection of cash flows and the growth rate of cash flows from the fifth year onwards.

(h) In respect of aggregate losses and reversions for which the information referred to in the preceding letter is not disclosed, the principal classes of immobilized persons affected by the impairment losses and reversions and the main events and circumstances that have led to the recognition and reversal of such impairment valuation corrections.

(i) The amount of third-party compensation that is included in the result of the exercise by items of tangible fixed assets whose value would have deteriorated, had been lost or withdrawn shall be reported.

(j) If the tangible fixed assets are included in a cash generating unit, the information on the impairment loss shall be given in accordance with paragraph 2 of Note 8.

k) Characteristics of the tangible fixed assets did not directly affect the business or own business, indicating its book value, amortization and cumulative impairment valuation corrections.

l) Amount and characteristics of fully amortized goods in use, distinguishing between constructions and other items.

m) Goods affected by collateral and reversion, as well as the existence and amounts of restrictions on ownership.

n) Grants, donations and legacies received related to the tangible fixed assets, also indicating the amount of such assets.

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

p) Any other substantive circumstances affecting property of the fixed assets such as: leases, insurance, litigation, liens and similar situations.

q) Financial leases and other transactions of a similar nature on assets of tangible fixed assets. Without prejudice to the information required in other parts of the memory.

r) In the case of buildings, the value of the construction and the land shall be separately indicated.

s) The result of the exercise arising from the disposal or disposal by other means of elements of the material immobilized.

3. In addition to the above information requested, the following information will be reported:

(a) For each significant impairment valuation correction, recognised or reversed during the exercise of a fixed non-cash flow non-generating material, it shall be indicated:

-Nature of the immobilized material.

-Amount, events, and circumstances that have led to the recognition and reversal of impairment loss.

-Criteria used to determine the fair value minus the selling costs, if any, or to determine the depreciated reorder cost.

(b) In respect of aggregate losses and reversions for which the information referred to in the preceding letter is not disclosed, the principal classes of immobilized persons affected by the impairment and losses the main events and circumstances that have led to the recognition and reversal of such impairment valuation corrections.

(c) Information on the properties transferred to the entity and on the assets transferred by it, specifying the terms of the respective disposals. Additionally, the fair value of the transferred right shall be reported when the difference with its value in books is significant.

d) The restrictions on the provision that exist on hold with these goods and rights shall be reported.

6. Property of the Historical Heritage

Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:

a) Initial save.

b) Entries

c) Outputs

d) End Balance.

In addition, they will be described:

1. The amount of net revaluations accumulated at the end of the financial year, carried out under a law that authorizes it.

2. The characteristics of investments in historical heritage assets acquired from group and associated entities, with an indication of their book value.

3. The characteristics of investments in historical heritage assets located outside the Spanish territory with an indication of their book value.

4. The characteristics of the property of the Historical Heritage do not directly affect the activity itself indicating its book value.

5. Property of Historic Heritage affected by guarantees.

6. Grants, donations and legacies received related to the property of the Historical Heritage.

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

8. Impact of the costs related to major repairs on the property of the Historical Heritage.

9. Main assumptions used to determine the fair value of these assets, when they were incorporated into the asset by that value.

10. The properties transferred to the entity and the assets transferred by it, specifying the terms of the respective disposals. In addition, the fair value of the transferred right shall be reported where the difference with its book value is significant and the amount of such fair value can be reliably determined.

11. Any other material of a substantive nature affecting the property of the Historical Heritage, in particular where these goods have been the subject of delivery for the payment of tax debts under the provisions of the rules governing this method of payment, indicating the taxes paid with the delivery and the amount of the same.

7. Real estate investments

In addition to the information required in note 5, the properties classified as real estate investments shall be described, and shall be reported:

1. Types of real estate and destination investments that are being owned.

2. Income from these investments as well as the expenses for their exploitation; will differentiate the investments that generate income from those that do not.

3. The existence and the amount of the restrictions on the realization of real estate investments, the collection of the income derived from them or the resources obtained by their disposal or disposal by other means, and

4. Contractual obligations for acquisition, construction or development of real estate investments or for repairs, maintenance or upgrades.

8. Intangible fixed assets

8.1 General.

Except for the goodwill, for which the information referred to in paragraph 2 of this note shall be provided, the following information shall be included:

1. Movement analysis during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative value impairment corrections; indicating the following:

a) Initial save.

b) Inputs or endowments, specifying internally generated assets and those acquired through business combinations and non-cash contributions.

c) Reversion of Impairment Valuation corrections.

d) Increases/decreases by transfers or transfer of another item, in particular to non-current assets held for sale.

e) Outputs, casualties, or reductions.

(f) Impairment Valuation (s), differentiating those recognised in the financial year, from cumulative ones.

g) Amortiations, differentiating those recognized in the exercise, from the accumulated ones.

h) End save.

2. Information about:

a) Assets affected by collateral and reversion, as well as the existence and amounts of restrictions on ownership.

(b) Useful expenses or depreciation coefficients used by item classes, as well as the methods of amortisation used, reporting the depreciation of the financial year and the cumulative amount corresponding to each significant item of this heading.

c) Whenever it has a significant impact on the present or future financial years, it shall be reported on changes in estimates affecting residual values, useful lives and methods of depreciation.

(d) Characteristics of investments in intangible fixed assets acquired from group and associated companies, with an indication of their book value, amortisation and cumulative impairment valuation corrections.

e) Characteristics of investments in intangible fixed assets the rights of which may be exercised outside the Spanish territory or are related to investments located outside the Spanish territory, with an indication of their book value, amortisation and cumulative impairment valuation corrections.

f) Amount of the financial expenses capitalized on the financial year, as well as the criteria followed for their determination.

g) For each significant impairment valuation correction, recognised or reversed during the financial year for an individual intangible fixed asset, it shall be indicated:

-Nature of intangible fixed assets.

-Amount, events, and circumstances that have led to the recognition and reversal of impairment loss.

-Criterion used to determine the fair value minus the selling costs, if any, and

-If the method used was the value in use, the type or types of update used in the current and previous estimates, a description of the key assumptions on which the projections of cash flows and how their securities have been determined, the period covering the projection of cash flows and the growth rate of cash flows from the fifth year onwards.

(h) In respect of aggregate losses and reversions for which the information referred to in the preceding letter is not disclosed, the principal classes of immobilized persons affected by the impairment losses and reversions and the main events and circumstances that have led to the recognition and reversal of such impairment valuation corrections.

(i) If intangible fixed assets are included in a cash generating unit, the information on impairment loss shall be given in accordance with paragraph 2 of this note.

j) Characteristics of intangible fixed assets did not directly affect the business or own business, indicating its book value, amortization and cumulative impairment valuation corrections.

k) Amount and characteristics of the fully amortized intangible immobilizes in use.

l) Grants, donations and legacies received related to intangible fixed assets, also indicating the amount of such assets.

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

n) The result of the exercise arising from the disposal or disposal by other means of elements of intangible fixed assets.

o) The aggregate amount of the research and development disbursements that have been recognized as expenses during the financial year, as well as the justification for the circumstances that support the capitalization of research and development.

p) The immobilized with indefinite shelf life other than the trade fund shall be detailed, indicating their amount, nature and the reasons on which the estimate of such indefinite shelf life is supported.

q) Any other substantive circumstances affecting intangible fixed assets such as: leases, insurance, litigation, liens and similar situations.

8.2 Trading Fund.

The following information will be included in this section:

1. For each business combination that has been carried out in the financial year, the trade fund figure shall be expressed, broken down to the different business combinations.

Dealing with business combinations that individually lack relative importance, the above information will be displayed in aggregate.

This information must also be expressed for the business combinations between the closing date of the annual accounts and the date of their formulation, unless it is not possible, in this case the reasons for the that this information cannot be provided.

2. The institution shall make a reconciliation between the carrying amount of the goodwill at the beginning and end of the financial year, showing separately:

(a) The gross amount of the same and the cumulative impairment value adjustments at the beginning of the financial year.

(b) The additional goodwill recognised during the period, differentiating the trading fund included in a qualifying group of items that has been classified as held for sale, in accordance with the rules of registration and valuation. It shall also be reported on the low trading fund during the period without previously being included in any qualifying group of items classified as held for sale.

(c) Impairment Valuation corrections recognised during the financial year.

e) Any other changes to the amount in books during the exercise, and

(f) The gross amount of the goodwill and the cumulative impairment value adjustments at the end of the financial year.

3. Description of the factors which have contributed to the registration of the goodwill as well as, shall be justified and shall indicate the amount of the goodwill and other intangible fixed life intangible assets attributed to each unit generating unit cash.

4. For each significant impairment loss of the goodwill, the following shall be reported:

(a) Description of the cash-generating unit that includes the goodwill as well as other intangible or intangible assets and the way the pool is made to identify a cash-generating unit when is different from the one performed in previous exercises.

b) Amount, events, and circumstances that have led to the recognition of a impairment valuation correction.

c) Criteria used to determine the fair value minus the selling costs, if any, and

d) If the method used is the value in use, the type or types of update used in the current and previous estimates, a description of the key assumptions on which the data are based, shall be reported. projections of cash flows and how their securities have been determined, the period covering the projection of cash flows and the growth rate of cash flows from the fifth year onwards.

5. With respect to aggregate impairment losses for which the information referred to in the preceding number is not disclosed, the main events and circumstances that have led to the recognition of such impairment valuation corrections.

6. The assumptions used for the determination of the recoverable amount of assets or cash-generating units.

9. Leases and other operations of a similar nature

The information required below for lease operations must also be provided when the entity performs other operations of a similar nature.

9.1 Financial leases.

1. The lessors shall report:

(a) A reconciliation between total gross investment in leases classified as financial (pointing out, where applicable, the purchase option) and its current value at the end of the financial year. The minimum charges to be received for such leases and their current value shall be reported in each of the following periods:

-Up to one year;

-Between one and five years;

-More than five years.

b) A reconciliation between the total amount of the lease contracts at the beginning and end of the financial year.

c) A general description of the significant financial lease agreements.

d) Non-accrual financial income and the distribution criterion of the financial component of the operation.

e) The amount of contingent quotas recognised as income for the year.

(f) The correction of the impairment value that covers the insolvencies by amounts derived from the lease outstanding.

2. Tenants shall report:

(a) For each asset class, the amount by which the asset was initially recognised, indicating whether it corresponds to the fair value of the asset or, where applicable, the current value of the minimum payments to be made.

(b) A reconciliation between the total amount of the minimum future lease payments (indicating, where applicable, the purchase option) and its current value at the end of the financial year. In addition, the minimum lease payments and their current value shall be reported in each of the following periods:

-Up to one year;

-Between one and five years;

-More than five years.

(c) The amount of contingent quotas recognised as expenditure for the year.

(d) The total amount of the minimum future payments expected to be received at the end of the financial year for non-cancelable financial assets.

e) A general description of the significant financial lease agreements, where it will be reported:

-The basis for determining any quota of a contingent character that has been agreed.

-The existence and, where applicable, the terms of renewal of the contracts, as well as the purchase options and the update or price-staggering clauses, and

-The restrictions imposed on the entity under lease contracts, such as those relating to the distribution of dividends, to additional borrowing or to new lease contracts.

(f) To the assets arising out of these contracts, the information to be included in memory corresponding to the nature of the contracts, as set out in the previous notes, relating to tangible fixed assets, shall apply to them. property and intangible investments.

9.2 Operating Leases.

1. The lessors shall report:

(a) The total amount of the minimum future lease charges for non-cancelable operating leases, as well as the amounts corresponding to the following instalments:

-Up to one year;

-Between one and five years;

-More than five years.

b) A general description of the assets and the significant lease agreements.

(c) The amount of the quota shares recognised as revenue for the financial year.

2. Tenants shall report:

(a) The total amount of the minimum future lease payments for non-cancelable operating leases, as well as the amounts corresponding to the following instalments:

-Up to one year;

-Between one and five years;

-More than five years.

(b) The total amount of the minimum future payments expected to be received at the end of the financial year by non-cancelable operating income.

(c) The shares of operating leases and sub-leases recognised as expenditure and revenue for the year, differentiating between: amounts of minimum lease payments, contingent quotas and sub-lease fees.

d) A general description of the significant lease agreements, where it will be reported:

-The basis for determining any quota of a contingent character that has been agreed.

-The existence and, where applicable, the terms of renewal of the contracts, as well as the purchase options and the update or price-staggering clauses, and

-The restrictions imposed on the entity under lease contracts, such as those relating to the distribution of dividends, to additional borrowing or to new lease contracts.

10. Financial instruments

10.1 General considerations.

The information required in the following paragraphs shall apply to the financial instruments included in the scope of the 10th registration and valuation standard.

For the purposes of reporting in memory, certain information should be provided by classes of financial instruments. These shall be defined taking into account the nature of the financial instruments and the categories set out in the 10th standard of registration and valuation. The classes defined by the entity must be reported.

10.2 Information on the relevance of financial instruments to the financial situation and the results of the entity.

10.2.1 Balance related information:

a) Categories of financial assets and financial liabilities.

The book value of each of the categories of financial assets and financial liabilities identified in the record and valuation standard shall be disclosed in accordance with the following structure.

a.₁) Financial assets, except investments in the group, multigroup, and associated entity assets.

Categories	Classes
	Long-term Financial Instruments						Short-Term Financial Instruments						Total
	Instruments		Debt Representative Values		Other Derived Credits		Heritage Instruments		Debt Representative Values		Other Derived Credits
Ej X	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1
Assets at fair value with surplus changes from exercise. -Maintained to negotiate. -Other.
held to maturity.
and items to be charged.
Assets available for sale: -Valoured at fair value. - Valued at cost.
Derivatives coverage.
Total.

a.₂) Financial liabilities.

Categories	Classes
	Long-term Financial Instruments						Short-Term Financial Instruments						Total
	Debts with credit entities		Obligations and other negotiable values		Other Derivatives		Debts with credit entities		Obligations and other negotiable values		Other Derivatives
Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1
Debts and Items to Pay.
Passive to fair value with changes in exercise surplus. -Maintained to negotiate. -Other.
Coverage Derivatives.
Total.

(b) Financial assets and financial liabilities measured at fair value through changes in the exercise surplus.

The amount of the fair value variation shall be reported, during the year and the amount accumulated since its designation, and shall indicate the method used to carry out such calculation.

With respect to derivative financial instruments, other than those that qualify as hedging instruments, the nature of the instruments and the important conditions that may affect the amount shall be reported. the timing and certainty of future cash flows.

Where the institution has designated financial assets or financial liabilities in the category of "Other financial assets at fair value with changes in the surplus for the financial year" or in the "Other financial liabilities to value" reasonable with changes in the surplus of the financial year ", shall report on the use of this option, specifying compliance with the requirements of the registration and valuation rule.

c) Reclassifications.

If, in accordance with the record and 10th valuation standard, a financial asset has been reclassified in such a way that the financial asset is valued at the cost or amortised cost, rather than at fair value, or vice versa, the amounts of such reclassification for each category of financial assets shall be reported and a justification thereof shall be included.

d) Classification by maturities.

For financial assets and financial liabilities that have a particular or determinable maturity, the amounts that are due in each of the five years following the end of the financial year and the rest shall be reported. until its last expiration. These indications shall be separately for each item of financial assets and financial liabilities in accordance with the balance sheet model.

e) Financial asset transfers.

When the institution has made disposals of financial assets in such a way that a part of them or their whole does not meet the conditions for the balance sheet, as set out in paragraph 2.9 of the registration rule and valuation of financial instruments, provide the following information grouped by asset classes.

-The nature of the assets that are ceded.

-The nature of the risks and benefits inherent in the property to which the entity remains exposed.

-The book value of the assets transferred and the associated liabilities, which the entity maintains, and

-When the entity recognizes the assets based on their continued involvement, the book value of the assets that were initially on the balance sheet, the book value of the assets that the entity continues to recognise and the value in books of the associated liabilities.

f) Assets that are ceded and accepted as collateral.

The value in books of the financial assets delivered as collateral, of the class to which they belong, as well as the terms and conditions related to that guarantee operation shall be reported.

If the entity held third-party assets in collateral, whether financial or not, of which it can dispose even if the non-payment has not occurred, it shall report:

-The fair value of the asset received in warranty.

-The fair value of any assets received as collateral for which the institution has disposed and whether it has an obligation to return it or not, and

-The terms and conditions relating to the entity's use of the assets received as collateral.

g) Value impairment corrections arising from credit risk.

For each class of financial assets, an analysis of the movement of the corrective accounts representative of the impairment losses arising from the credit risk shall be presented.

h) Impayment and breach of contractual terms.

For loans outstanding at the end of the financial year, the following shall be reported:

-Details of any default of principal or interest that occurred during the financial year.

-The book value on the date of the end of the financial year of those loans in which a default was incurred, and

-If the default has been remedied or the loan conditions have been renegotiated, before the date of formulation of the annual accounts.

If during the year there had been a non-payment of non-payment and provided that the creditor was granted the right to claim the advance payment, similar information would be provided to the creditor. described, except if the non-compliance had been remedied or the conditions were renegotiated before the end of the financial year.

10.2.2 Information related to the income account and net worth.

The:

(a) Net profit or loss from the various categories of financial instruments defined in the 10th standard of registration and valuation.

(b) Income and financial expenses calculated by applying the effective interest rate method.

(c) The amount of impairment valuation corrections for each class of financial assets, as well as the amount of any financial income attributed to the income statement related to such assets.

10.2.3 Other information to include in memory.

a) Coverage accounting.

The entity shall include, by accounting coverage classes, a detailed description of the hedging operations it performs, of the financial instruments designated as hedging instruments, as well as its securities reasonable at the date of the closure of the financial year and the nature of the risks that have been covered. In particular, it shall justify compliance with the requirements laid down in the registration and valuation standard for financial instruments.

Additionally, in cash flow hedges, the entity shall report on:

a) The exercises in which cash flows are expected to occur and the exercises in which they are expected to affect the income statement.

(b) The amount recognised in net worth during the financial year and the amount that has been charged to the profit or loss account from equity, detailing the amounts included in each item of the profit or loss account.

(c) The amount that has been reduced from net worth during the financial year and has been included in the initial valuation of the purchase price or the book value of an asset or non-financial liability, where the item covered is a highly likely expected transaction, and

d) All transactions intended for which hedge accounting has previously been applied, but are not expected to occur.

The fair value hedges shall also be reported on the amount of the loss or earnings of the hedging instrument and the losses or gains of the cover item attributable to the covered risk.

The amount of the ineffectiveness recorded in the income statement in relation to the coverage of cash flows and the coverage of net investment in business abroad shall also be disclosed.

b) Reasonable value.

The entity shall disclose the fair value of each financial instrument class and compare it with its corresponding book value.

It will not be necessary to disclose the fair value in the following assumptions:

(a) Where the value in books constitutes an acceptable approximation of fair value; for example, in the case of loans and debits for short-term business operations.

(b) In the case of equity instruments not listed on an active market and derivatives held by them on an underlying basis, which, as set out in the 10th registration and valuation rule, are valued at their cost.

In this case, the entity shall disclose this fact and describe the financial instrument, its value in books and the explanation of the causes that prevent the reliable determination of its fair value. It shall also be reported whether or not the entity intends to dispose of it and when.

In the case of a loss of the balance sheet of the financial instrument during the financial year, this shall be disclosed, as well as the value in books and the amount of the loss or gain recognised at the time of the discharge.

It shall also be indicated whether the fair value of financial assets and financial liabilities is determined, in whole or in part, by reference to prices quoted in active markets or estimated using a technical Assessment. In the latter case, the assumptions and methodologies considered in the fair value estimate for each financial asset class and financial liabilities shall be reported.

The entity shall disclose the fact that the reasonable values recorded or reported in the memory are determined, in whole or in part, using valuation techniques based on assumptions that are not supported by market conditions in the same instrument or in observable market data that are available. Where the fair value has been determined in accordance with this subparagraph, the total amount of the fair value variation attributed to the profit or loss account for the financial year shall be reported.

c) Group, multigroup, and associated entities.

Information about group, multigroup, and associated entities will be detailed, including:

(a) Denomination, domicile and legal form of the entities of the group, specifying for each entity:

-Activities that they exercise.

-Capital Fraction and voting rights held directly and indirectly, distinguishing between both.

-Amount of capital, reserves, other items of net worth and result of the last financial year resulting from the criteria included in the Trade Code and its implementing rules, differentiating the result of operating and breaking down the continued operations and the interrupted operations, in case the group entity is required to give this information in its individual annual accounts.

-Value based on capital participation books.

-Dividends received in the exercise.

-Indication of whether or not the shares are listed on the Stock Exchange and, where applicable, the average price of the last quarter of the year and the closing of the financial year.

(b) The same information as that of the previous point with respect to the associated multigroup entities, those in which the entity still holds more than 20% of the capital, does not exert significant influence and those in which the institution an entity is a collective partner, provided that its legal status permits participation in such companies. It shall also report on any contingencies incurred in relation to those entities. If the entity has significant influence over another holding a percentage less than 20% of the capital or holding more than 20% no significant influence is exercised, the circumstances affecting those relationships shall be explained.

(c) The acquisitions made during the financial year that have led to the rating of an entity as a subsidiary shall be detailed, indicating the share of capital and the percentage of voting rights acquired.

d) Amount of the impairment valuation corrections recorded in the different units, differentiating those recognized in the exercise of the accumulated ones. In addition, where appropriate, information shall be provided on the allocations and reversions of the impairment valuation corrections charged and paid, respectively, against the item of net worth of the valuation adjustments, as indicated in the above terms. in the registration and valuation rule.

e) The result derived from the disposal or disposition by another means, of investments in entities of the group, multigroup and associated.

d) Other information type.

Information must be included about:

(a) Firm commitments to purchase financial assets and predictable sources of financing, as well as firm commitments to sell.

(b) Contracts for the purchase or sale of non-financial assets, which are recognised and valued in accordance with paragraph 5.4 of the standard of registration and valuation of financial instruments, as provided for in that rule.

c) Any other substantive circumstances affecting financial assets such as: litigation, liens, etc.

d) The amount available on the discount lines, as well as the credit policies granted to the entity with their respective limits, specifying the willing part.

e) The amount of the debts with collateral, with an indication of their form and nature.

10.3 Information on the nature and level of risk from financial instruments.

10.3.1 Qualitative information.

For each type of risk: credit risk, liquidity risk and market risk (the latter includes exchange rate risk, interest rate risk and other price risks), risk exposure shall be reported and as produces this, as well as describing the objectives, policies and procedures for risk management and the methods used for its measurement.

If there are changes in these extremes from one exercise to another, they should be explained.

10.3.2 Quantitative information.

For each risk type, it will be presented:

(a) A summary of the quantitative information regarding the exposure to the risk at the end of the financial year. This information shall be based on the information used internally by the board of the entity or equivalent governing body.

(b) Information on risk concentrations, including a description of how the concentration is to be determined, the common characteristics of each concentration (geographical area, currency, market, counterpart, etc.); and the amount of risk exposures associated with financial instruments that share such characteristics.

11. Users and other debtors of their own activity

Breakdown under item B. III of the balance sheet asset "Users and other debtors of own activity", pointing to the movement during the financial year and indicating the initial balance, increases, decreases and final balance users, sponsors, affiliates and other debtors of the entity's own activity, and distinguishing, where appropriate, whether they come from group, multi-group or associated entities.

12. Beneficiaries-Acreers

Breakdown under heading C. V of the liabilities of the balance sheet "Beneficiaries-Creditors", indicating the movement during the financial year and indicating the initial balance, increases, decreases and final balance for beneficiaries and others creditors of the entity's own activity, and distinguishing, where appropriate, whether they come from group, multi-group or associated entities.

13. Own funds

Reports on:

(a) Breakdown under heading A. 1 of the liability of the balance sheet, indicating movement during the financial year and indicating the initial balance, increases, decreases and final balance of the various items.

b) Contributions to the social fund or endowment made in the financial year, distinguishing the cash from non-cash. Also, where appropriate, the outstanding disbursements as well as the date of enforceability shall be indicated for each contribution.

c) Specific considerations that affect reservations.

14. Stocks

1. Reports on:

(a) The circumstances that have led to the valuation corrections for the deterioration of stocks and, where applicable, the reversal of those corrections, recognised in the financial year, as well as their amount.

(b) The amount of the financial expenses capitalised during the year in the production cycle stocks of more than one year, as well as the criteria followed for their determination.

(c) Firm buying and selling commitments, as well as information on future contracts or stock options.

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

e) Any other substantive circumstance affecting the ownership, availability or valuation of stocks, such as: litigation, insurance, liens, etc.

2. For each significant impairment valuation correction, recognised or reversed during the financial year for non-cash flow generating stocks, it shall be indicated:

-Nature of stock.

-Amount, events, and circumstances that have led to the recognition and reversal of impairment loss.

-Criterion used to determine the net realizable value, or, if applicable, the followed to determine the depreciated reorder cost.

3. The stocks received free of charge by the institution, as well as those delivered to the beneficiaries of the entity in compliance with their own purposes, shall be reported.

15. Foreign currency

1. Total amount of assets and liabilities denominated in foreign currency, including a breakdown of more significant assets and liabilities classified by currency. The amounts corresponding to purchases, sales and services received and provided shall also be indicated.

2. The entity shall disclose the following information:

(a) The amount of exchange differences recognised in the exercise surplus by classes of financial instruments, separately presenting those arising from transactions that have been settled over the period of those that are outstanding or outstanding at the end of the financial year, with the exception of those from financial instruments that are measured at fair value through changes in the surplus of the financial year, and

(b) Conversion differences classified as a separate component of equity, under the heading 'Conversion differences', as well as a reconciliation between the amounts of these differences at the beginning and end of the exercise.

3. When there has been a change in the functional currency, either from the reporting entity or from any significant business abroad, this will be revealed as well as the reason for such a change.

4. In the exceptional case that the institution uses more than one functional currency, it shall disclose the amount of the assets, turnover and results that have been expressed in each of those functional currencies.

5. Where applicable, the functional currency of a business abroad, specifying the net investment in the foreign business, where it is different from the currency of presentation of the annual accounts.

6. Where the institution has business abroad and is subject to high inflation rates, it shall report on:

(a) The fact that the annual accounts, as well as the figures for previous years, have been adjusted to consider changes in the general purchasing power of the functional currency and which, as a result of they are expressed in the currency unit current at the end of the financial year, and

(b) The identification and value of the general price index at the end of the financial year, as well as the movement of the same during the current and the previous financial year.

16. Tax situation

16.1 Benefits Taxes.

(a) Information on the tax regime applicable to the entity. In particular, the share of income and income to be incorporated as a tax base for corporate tax purposes shall be reported.

(b) Where appropriate, the sections of the memory in which the information required by the tax legislation has been included to qualify for non-profit-making entities for the purposes of the Act shall be specified. 49/2002, dated December 23. In particular, the entities required by the tax legislation to include the economic memory in the memory of the annual accounts shall include that information in this paragraph.

(c) Explanation of the difference between the net amount of the revenue and expenditure of the financial year and the tax base (tax result). For this purpose, the following reconciliation shall be included, taking into account that those differences between those magnitudes that are not identified as temporary according to the registration and valuation standard shall be classified as differences permanent.

Reconciliation of the net income and expense of the financial year with the tax base of the profit tax

Compensation of taxable bases

negative from previous exercises.

	Results Account			Revenue and expenses directly imputed to net
and expense of the year						..........
	Augments	Decreases		Augments	Decreases
Tax.	.............	............	...........	...........	.........	.........
Differences:						.........
-Results exempt.	.............	............	...........	...........	.........	.........
-Other differences.	.............	............	...........	...........	.........	.........
Temporary Differences:
-with source in the exercise.	.............	............	...........	...........	.........	.........
-with source in exercises previous.	.............	............	...........	...........	.........	.........
		(------------------)			(---------)
Base taxable (tax result).			------------------

Explanation and numerical reconciliation between income tax expense/income and the result of multiplying the applicable tax rates to total revenue and recognized expenses, differentiating the balance of the account results.

In addition, the following information must be indicated.

1. Breakdown of expenditure or income by income tax, differentiating the current tax and deferred tax variation, which is imputed to the surplus of the income account-distinguishing the one corresponding to the continued operations and to discontinued operations if any and provided that the institution is required to report separately from the results from discontinued operations, as well as the directly imputed to the net worth, differentiating the one that affects each item, from the results account.

2. In relation to deferred taxes, this difference should be broken down, distinguishing between assets (temporary differences, credit for negative taxable bases and other claims) and liabilities (temporary differences).

3. The amount and time limit for the application of deductible temporary differences, negative tax bases and other tax credits, where the corresponding deferred tax asset has not been recorded in the balance sheet.

4. The amount of deferred tax assets, indicating the nature of the evidence used for their recognition, including, where applicable, tax planning, when the performance of the asset is dependent on future earnings in excess of those correspond to the reversal of the taxable temporary differences, or where the institution has experienced a loss, either in the current financial year or in the previous year, in the country with which the deferred tax asset relates.

5. Nature, amount and commitments acquired in relation to the tax incentives applied during the financial year, such as benefits, deductions and certain permanent differences, as well as those to be deducted. In particular, the tax incentives to be reported shall be reported, indicating the amount charged to the financial year and the amount remaining to be charged.

6. Additionally, the tax payable to the different tax jurisdictions will be reported, detailing the withholding taxes and payments made.

7. The remaining permanent differences will be identified by pointing out their amount and nature.

8. Changes in the applicable tax rates compared to the previous financial year. The effect on deferred taxes recorded in previous years shall be indicated.

9. Information relating to provisions arising from the tax on profits as well as on the contingencies of a fiscal nature and on post-closure events involving a change in the tax rules affecting the assets and registered tax liabilities. In particular, the exercises to be checked shall be reported.

10. Any other substantive circumstances in relation to the tax situation.

16.2. Other tributes.

Any circumstances of a significant nature in relation to other taxes shall be reported; in particular any fiscal contingency, as well as the exercise of checking.

17. Revenue and Expenditure

1. Breakdown of item 3.a) of the income statement "Monetary aid", indicating the reintegrals produced and distinguishing by activities, and breakdown of item 3.b) "Non-monetary aid ".

2. Breakdown of item 6. "Supplies" detailing the amount corresponding to the consumption of goods for the activity and consumption of raw materials and other consumable materials and distinguishing between purchases and variation of stocks. National purchases, intra-Community acquisitions and imports will also be differentiated.

Breakdown of item 8.b) of the "Social Cargas" results account, distinguishing between contributions and endowments for pensions and other social charges.

In the case where the institution makes the abbreviated result account, it shall include in this paragraph the breakdowns referred to in items 6 above. "Supplies" and 8. 'Staff expenses' of the abbreviated model of that account. In addition, heading 9 shall be broken down. 'Other expenditure of the activity', specifying the amount of the valuation corrections for the impairment of the claims and the failures.

3. Revenue from promotions, sponsors, and collaborations.

4. The amount of the sale of goods and services produced by the swap of non-cash goods and services.

5. Where applicable, information under the heading 'Other results'.

18. Provisions and contingencies

1. For each provision recognised in the balance sheet it shall be indicated:

a) Analysis of the movement of each balance sheet item during the financial year, indicating:

-Initial save.

-Dotations.

-Applications.

-Other adjustments made.

-End Balance.

It will not be necessary to include comparative information in this section.

b) Information about the increase, during the financial year, on the balances updated at the discount rate due to the passage of time, as well as the effect that any change in the discount rate could have.

It will not be necessary to include comparative information in this section.

c) A description of the nature of the assumed obligation.

(d) A description of the estimates and calculation procedures applied for the valuation of the corresponding amounts, as well as the uncertainties that may arise in those estimates. Where appropriate, the adjustments to be made shall be justified.

e) Indication of the amounts of any right of reimbursement, indicating the amounts that have been recognised in the balance sheet asset for these rights.

2. Unless the resource output is remote, for each contingency type, it will be indicated:

a) A brief description of their nature.

b) Predictable evolution, as well as the factors it depends on.

(c) A quantified estimate of the potential effects on financial statements and, in the event of failure to be carried out, information on such impossibility and uncertainties that motivate it, indicating maximum and minimum risks.

d) The existence of any refund rights.

e) In the exceptional case where a provision has not been able to be recorded on the balance sheet because it cannot be reliably valued, additionally, the reasons why such an assessment cannot be made will be explained.

3. In the event that profit or economic income for the entity from assets that do not meet the recognition criteria is likely to be entered, it shall be indicated:

a) A brief description of their nature.

b) Predictable evolution, as well as the factors it depends on.

(c) Information on the criteria used for their estimation, as well as the possible effects on the financial statements and, in the event of failure to perform, information on such impossibility and uncertainties that motivate it.

4. Exceptionally, where the information required in the preceding paragraphs is seriously prejudicial to the position of the institution, the information required in the preceding paragraphs shall not be required to provide such information, but the information shall be described. nature of the dispute and inform the omission of this information and the reasons which have led to such a decision.

19. Environmental information

Information about:

(a) Description and characteristics of the most significant systems, equipment and installations incorporated into the immobilised material, the purpose of which is to minimise the environmental impact and the protection and improvement of the environment indicating its nature, destination, as well as the book value and the corresponding accumulated depreciation of the same as long as it can be determined on an individual basis, as well as the valuation corrections for impairment, recognized in the exercise, from the accumulated ones.

(b) Expenditure incurred in the financial year for the purpose of protecting and improving the environment, indicating its destination.

(c) Risks covered by provisions corresponding to environmental actions, with particular reference to the derivatives of ongoing litigation, indemnities and others; the required information shall be indicated for each provision for the provisions recognised in the balance sheet in paragraph 1 of note 18.

(d) Contingencies related to the protection and improvement of the environment, including the information required in paragraph 2 of note 18.

e) Investments made during the year for environmental reasons.

f) Compensation to receive from third parties.

20. Long-term remuneration to staff

1. Where the institution grants long-term remuneration to the staff of the defined contribution or benefit, it shall include a general description of the type of plan concerned.

2. In the case of long-term remuneration to the defined benefit staff, in addition, the information required for the provisions recognised in the balance sheet shall be included in note 18 (1) and shall be detailed:

a) A reconciliation between assets and liabilities recognised in the balance sheet.

b) Amount of items included in the fair value of the assets affected to the plan.

c) Main actuarial assumptions used, with their values at the end of the financial year.

21. Grants, donations and legacies

Reports on:

1. The amount and characteristics of the grants, donations and legacies received that appear on the balance sheet, as well as those charged to the exercise surplus.

2. Analysis of the movement of the contents of the corresponding subpool of the balance sheet, indicating the initial and final balance as well as the increases and decreases. In particular, the amounts received and, where appropriate, returned shall be reported.

3. Information on the origin of the grants, donations and legacies, indicating, for the first, the public Ente that grants them, specifying whether the grant of the same is the local, regional, state or international administration.

4. Information on whether or not the conditions associated with grants, donations and legacies are met.

5. The main assumptions used to determine the fair value of non-cash assets or services received or transferred without consideration.

22. Mergers between non-profit entities and business combination

1. In the case of merger between non-profit entities, once the transaction has been agreed, the entities participating in the transaction must report the process in progress. In particular, the manner in which the merger affects the entity and the equity contributed by each of the merging institutions shall be indicated.

2. If the entity acquires a business, the information set out in note 19 shall be included. "Business combinations" of the standard memory model included in Part Three of the General Accounting Plan.

23. Joint businesses

1. The entity shall indicate and describe the significant interests in joint ventures by performing a detail of the form that the business takes, distinguishing between.

(a) Jointly Controlled Holdings, and

b) Jointly Controlled Assets.

2. Without prejudice to the information required in paragraph 2 of note 18, the aggregate amount of the following contingencies shall be reported separately, unless the probability of loss is remote.

(a) Any contingency in which the entity as a participant has incurred in relation to investments in joint ventures and their share in each of the contingencies that have been incurred in conjunction with others unit.

b) Your share of the contingencies of the joint businesses in which you can be responsible, and

c) Those contingencies arising because the entity as a participant may be liable for the liabilities of other unit-holders in a joint venture.

3. The institution shall report separately from the total amount of the following commitments:

(a) Any commitment to capital investment, which it has assumed in relation to its share in joint ventures, as well as its share of capital investment commitments undertaken jointly with other unit-holders, and

b) Your participation in the capital investment commitments assumed by the joint ventures themselves.

4. This shall be broken down for each significant balance sheet item, the income statement and, where applicable, the statement of cash flows collected in the memory, the amounts corresponding to the joint business. This information shall be included in aggregate for the total of joint ventures in which the entity participates.

24. Activity of the entity. Application of heritage elements for their own purposes. Administration expenses

24.1 Entity activity.

1. The state competition foundations shall provide the following information in accordance with the provisions of Law 50/2002 of 26 December and in its Implementing Regulation.

I. Activities performed.

Activity 1 (Fill in as many tabs as activities have the Foundation.

A) Identification.

Denomination of Activity

Type of activity *
activity by sectors
Activity development site

* Indicate whether this is a business or own activity.

Detailed description of the activity performed.

B) Human resources used in the activity.

Type

Number		N. hours/year
	Done	Expected
Employee Staff
with Service Contract

C) Beneficiaries or users of the activity.

Type

Number
	Realized
people
persons

D) Economic resources used in the activity.

Expenses/Investments

Expenses

Amortization of the Inmobilized

Reasonable Value Variations in Financial Instruments

Differences

-commercial debt cancellation

Amount
	Realized
and other expenses
) Monetary aids
b) Non-monetary aids
) Expenses by collaborations and governance bodies
Variation of finished and ongoing product stocks manufacturing
Aprovisioning
Activity Expenses
impairment and result by inmobiling
Expenses
deterioration and result by enajenations of instruments financial
Taxes
Subtotal expenses
Acquisitions (except Heritage Assets History)
Heritage Acquisitions
Subtotal resources

E) Objectives and indicators of the activity.

	Indicator	Quantification

II. Total economic resources employed by the entity.

Activity Expenses

Amortization Immobilized

Reasonable Value Variations in Financial Instruments

Subtotal expenses

gasts/investments	Activity 1	Activity 2	Activity 3	Activity 4	Total Activities	Not Imputed to Activities	TOTAL
and other expenses
	) Currency Aids
c) Expenses by collaborations and governance bodies
stock change finished and in manufacturing
expenses
Impairment and result by alienation of quiesced
expenses
Impairment and Result by Financial Instruments Enajenations
Taxes
Heritage Acquisitions
-commercial debt cancellation
EMPLOYEE RESOURCES

III. Total economic resources obtained by the entity.

A. Income earned by the entity.

	revenue	Expected
and service capabilities of your own activities
and other revenue from business activities
Sector Grants
contributions
income types
TOTAL EARNED INCOME

B. Other economic resources obtained by the institution.

financial obligations assumed

	RESOURCES	Expected
TOTAL OTHER EARNED RESOURCES

IV. Collaboration agreements with other entities.

	Revenue	Expenses	No produces goods and services
Convention 1. With entity (X), subscribed for
Convention 2. With entity (Y), subscribed for

V. Deviations between action plan and data performed.

The most significant deviations that have occurred between the amounts provided for in the action plan and those actually carried out shall be detailed, indicating the causes that have caused them.

2. The remaining entities shall identify and quantify the purposes they pursue in each of the significant activities they carry out, reporting at least the following:

a) With which means the activity has been financed and what economic resources have been used for its realization.

b) The human resources applied, grouped by the following categories: salaried staff, staff with contract of services and volunteer staff, specifying in the latter case their time dedication.

c) The number of beneficiaries or users of their activities, differentiating between natural and legal persons.

24.2 Application of heritage items for their own purposes.

Information about:

(a) The goods and rights that form part of the endowment or social fund, and those directly linked to the fulfilment of their own purposes, detailing the significant elements included in the various headings of the Balance Asset and the restrictions to which they are submitted.

b) The income and income destination referred to in Law 50/2002 of 26 December of Foundations, indicating the fulfillment of the income and income destination and the limits to which it is required, according to the criteria set out in their specific regulations and according to the model attached.

1. Degree of income and income destination compliance.

Exercise

EXERCISE SURPLUS	NEGATIVE SETTINGS	POSITIVE SETTINGS	CALCULATION BASE	INCOME TO ALLOCATE		RESOURCES FOR PURPOSES (EXPENSES + INVESTMENTS)	APPLICATION OF RESOURCES INTENDED TO MEET THEIR FINES*
							N-4	N-3	N-2	N-1	N	OUTSTANDING AMOUNT
				Amount	%
	N-4
N-3
N-2
	N-1
N
TOTAL

* In the event that the entity accumulates a deficit in the application of resources, in the following periods the applications will compensate, first, the deficits of previous years, starting with the oldest, and the excess will be computed as applied resources of the current exercise.

A detailed explanation of those significant items contained in the table that are affected to the specific purpose shall be included. This explanation shall be particularly focused on the columns of adjustments in which the following concepts are incorporated:

a) Negative adjustments. Not to be included as revenue:

a.1) Revenue reflected in the account of results from the disposal or lien of goods and rights contributed by the founders or by third parties, as a foundational endowment.

a.2) Revenue reflected in the profit or loss account arising from the onerous transfer of real estate in which the entity develops its own business, provided that the amount obtained in the transfer is reinvested in real estate intended for the same purpose.

b) Positive adjustments. They will not be deducted as expenses:

b.1) Expenses imputed to the profit or loss account which are directly related to the institution's own activity, including depreciation and impairment losses on the fixed assets. own activity.

b.2) A proportional amount of the expenses common to all the activities carried out by the entity which, according to objective criteria deducted from the effective application of resources to each activity, correspond to the activity of the entity. Common expenses include administrative expenses as well as expenses for which the employers have the right to pay the expenses.

(c) In addition, it shall be included as a positive or negative adjustment, depending on its sign, the result directly recorded in the net worth as a result of changes in the accounting criteria or the sub-healing of errors.

2. Resources applied in the exercise.

		IMPORT			TOTAL
1. Purposes *
	Own Funds	Grants, donations, and legacies	Debt
2. Purposes * (2.1 + 2.2)
Realized in Exercise
) Deures cancelled in the exercise incurred in previous exercises
) Imputation of grants, donations, and capital legacies from previous exercises
TOTAL (1 + 2)

* According to the provisions of article 32.6 of the Regulation of Law 50/2002 of 26 December of Foundations, the amount of the expenses and investments made in each financial year is considered for the purpose of the founding purposes they have actually contributed to the fulfilment of the foundation's own purposes specified in their statutes, except for the amounts to the write-downs and provisions. Where investments for the purpose of founding purposes have been financed with revenue to be distributed in various financial years in excess, such as grants, donations and legacies, or with other financial resources, such investments shall be shall be counted in the same proportion as the income has been, or the financing of others has been amortised.

(c) If any entity is not obliged to make the above information, it shall adapt this model to the specific characteristics of the information, in order to provide information on the destination of income and income. Information shall also be collected on the resources intended for the performance of the purposes in accordance with the model in paragraph 2.

24.3 Administration expenses.

The state competition foundations must provide a detailed account of the costs directly incurred by the administration of the assets and rights that are part of the assets of the foundation, and of the expenses of the Employers have the right to be redress. This information will be provided in the following table:

ADMINISTRATIVE EXPENSE DETAIL

ACCOUNT	EXPENSE DETAIL	EXPENSE DETAIL	ALLOCATION CRITERION TO THE WEALTH MANAGEMENT FUNCTION	IMPORT
TOTAL ADMINISTRATION EXPENSES

Additionally, the compliance of the limit to the amount of these expenses will be reported, in the following table:

Exercise	Alternative Limits (Art. 33 Regulation R.D. 1337/2005)		Expenses directly incurred by wealth management (3)	Eligible Expenses to Employers (4)	TOTAL ACCRUAL EXPENSE IN EXERCISE (5) = (3) + (4)	Supera (+) Do not exceed (-) the maximum limit (greater than 1 and 2)-5
	5% of own funds (1)	20% of the Art calculation base. 27 Law 50/2002 and Art. 32.1 Regulation R.D. 1337/05 (2)

25. Non-current assets held for sale and operations interrupted

1. For each activity to be classified as interrupted, it must be indicated.

a) The income, expenses, and pre-tax outcome of the interrupted activities, recognized in the results account.

b) The profit tax expense relative to the previous result. .

c) Net cash flows attributable to operating and management activities, investment and financing of disrupted activities.

(d) A detailed description of the property assets affected by the activity, indicating their amount and the circumstances that have led to such classification.

(e) Adjustments to be made in the current financial year to amounts previously submitted which relate to activities which have been interrupted and which are directly related to the disposal or disposal of other activities in a previous year or, where applicable, those originating in the absence of such disposal.

f) The results relating to the activity that have previously been presented as interrupted activities, and which have not yet been completed.

2. For each non-current asset or group of items to be classified as held for sale, including those for discontinued activities, it shall be reported.

(a) A detailed description of the assets, indicating their amount and the circumstances that have led to such classification.

b) The recognized result in the result count, for each significant element.

(c) Adjustments to be made in the current financial year to amounts previously submitted that relate to non-current assets or to the disposal of items held for sale and which are directly related to assets related to the disposal or disposal by another route of the disposal in a previous year or, where appropriate, those originating in the absence of such disposal.

3. Where the requirements for qualifying a non-current asset or a qualifying group of items as held for sale are met after the end date of the financial year, but before the formulation of the annual accounts, the entity does not qualify as held for sale in the annual accounts that you formulate. However, it must provide the information described in point (a) of the previous paragraph in relation to them.

26. Post-closure events

The entity will report back.

1. Subsequent events which show circumstances which already existed at the end of the financial year which did not, in accordance with their nature, include an adjustment in the figures contained in the annual accounts, but the information contained in the memory must be modified according to that subsequent fact.

2. Subsequent events showing conditions which did not exist at the close of the financial year and which are of such importance that, if no information is provided, could affect the assessment capacity of the users of the annual accounts. In particular, the subsequent event shall be described and the estimation of its effects shall be included. Where it is not possible to estimate the effects of the said fact, an express expression shall be included on this point, together with the reasons and conditions which cause such an impossibility of estimation.

3. Events occurring after the closure of the annual accounts affecting the implementation of the operating entity principle, reporting.

a) Description of the subsequent fact and its nature (a factor that is in doubt with respect to the application of the operating entity principle).

b) Potential impact of the subsequent event on the situation of the entity.

c) Related mitigating factors, if any, with the subsequent fact.

27. Related party operations

1. Information on related party transactions shall be provided separately for each of the following categories.

a) Dominant entity.

b) Other entities in the group.

(c) Joint business in which the entity is one of the unit-holders.

d) Associated entities.

e) Entities with joint control or significant influence over the entity.

f) Key personnel of the entity or the parent entity.

g) Other related parts.

2. The institution shall provide sufficient information to understand the related party transactions it has carried out and the effects thereof on its financial statements, including, inter alia, the following aspects.

a) Identification of the persons or entities with whom the related operations have been performed, expressing the nature of the relationship with each involved party.

b) Detail of the transaction and its quantification, expressing the price policy followed, by putting it in relation to which the entity uses with respect to similar transactions made with parties that do not have the consideration of linked. Where there are no analogous operations carried out with parties that do not have the consideration of related links, the criteria or methods followed to determine the quantification of the operation.

(c) Profit or loss that the transaction has originated in the entity and description of the functions and risks assumed by each related party with respect to the transaction.

(d) Amount of outstanding balances, both assets and liabilities, their terms and conditions, the nature of the consideration established for settlement, grouping assets and liabilities by type of financial instrument (with the structure that appears on the entity's balance sheet) and guarantees granted or received.

e) Value adjustments for doubtful claims related to previous outstanding balances.

(f) Expenditure recognised in the financial year as a result of bad debts or of doubtful recovery of related parties.

3. In any case, the following types of related party transactions should be reported:

a) Sales and purchases of current and non-current assets.

b) Delivery and receipt of services.

c) Financial lease contracts.

d) Research and development transfers.

e) License agreements.

(f) Financing agreements, including loans and capital injections, whether in cash or in kind. For the acquisition and disposal of equity instruments, the number, the nominal value, the average price and the result thereof shall be specified, specifying the final intended destination in the case of acquisition.

g) Interest paid and charged; as well as those accrued but not paid or charged.

h) Dividends and other benefits received.

i) Guarantees and endorsements.

j) Remuneration and allowances.

k) Contributions to pension and life insurance plans.

l) Commitments on firm basis for purchase or sale options or other instruments that may involve a transmission of resources or obligations between the entity and the related party.

m) Cost-sharing agreement in relation to the production of goods and services to be used by various related parties.

n) Treasury management agreements, and

or) Debt forgiveness and prescription agreements.

4. The above information may be presented in an aggregated form when referring to items of a similar nature. In any case, information of an individual nature shall be provided on the related operations which are significant for their size or relevant to a proper understanding of the annual accounts.

5. It shall not be necessary to inform in the case of transactions which, belonging to the ordinary traffic of the entity, are carried out under normal market conditions, are of little quantitative importance and are of relevance to express the true image of the assets, the financial situation and the results of the entity.

6. On the amount of salaries, allowances and remuneration of any class accrued in the course of the year by senior management staff and members of the governing body, whatever their cause, as well as the obligations incurred in the case of pensions or the payment of life insurance premiums in respect of former and current members of the governing body and senior management staff. Information on severance payments shall also be included. Where the members of the governing body are legal persons, the above requirements shall relate to the natural persons representing them. Such information may be given in a comprehensive manner by way of remuneration, by collecting separately those corresponding to the senior staff of the members of the governing body.

7. Information on the amount of advances and credits granted to senior management staff and members of the governing bodies, with an indication of the interest rate, their essential characteristics and the amounts eventually, shall also be reported. returned, as well as the obligations assumed on behalf of them as collateral. Where the members of the governing body are legal persons, the above requirements shall relate to the natural persons representing them. This information may be given in a comprehensive manner for each category, separately collecting the information corresponding to the senior management staff of the members of the governing body.

8. In the case of belonging to a group of entities, the financial structure of the group shall be described.

28. Other information

Information about.

1. Changes in the governing body, address and representation.

2. Information on the authorisations, granted by the Protectorate or the relevant administrative authority, which are necessary to carry out certain actions. Requests for authorisation on which the relevant agreement has not yet been received shall also be reported.

3. The average number of persons employed in the course of the year, indicating those with a disability greater than or equal to 33%, and expressing the categories to which they belong.

The gender distribution at the end of the institution's staff exercise, broken down into a sufficient number of categories and levels, including those of managers and members of the governing body.

4. The amount broken down by concepts of the audit fees for accounts and other services provided by the auditors; in particular, the total of fees charged by other verification services as well as the total shall be detailed of the fees charged for tax advice services. The same breakdown of information shall be made of the fees for any entity in the same group as the auditor of accounts, or any other entity with which the auditor is linked by control, common property or management.

5. The nature and purpose of the business of the entity's agreements that do not appear on balance sheet and on which no information has been incorporated in another note of memory, as well as its possible financial impact, provided that this information is significant aid for the determination of the financial position of the institution.

6. Annual information on the degree of compliance with the Code of Conduct for non-profit-making entities for the performance of temporary financial investments, in accordance with the applicable law.

29. Segmented information

Where appropriate, the entity shall inform the distribution of the net amount of the turnover corresponding to its ordinary activities of a commercial nature, by categories of activities, as well as by geographical markets, in the extent to which, from the point of view of the organisation of the sale of products and the provision of services or other income corresponding to the ordinary activities of the institution, those categories and markets differ from one form to another considerable.

Entities that can formulate abbreviated results can omit this information.

30. Cash Flow Status

The origin and use of the cash representative cash assets and other equivalent liquid assets shall be described in the description, classifying the movements by activities and indicating the net variation of such magnitude. in the exercise. For these purposes, the accompanying model must be completed.

Cash Flow Status for Exercise Ended on ..... of 200X

		200X	200X-1
) CASH FLOWS FROM OPERATING AND MANAGEMENT ACTIVITIES
				1. Surplus from pre-tax year.
				2. Result adjustments
				) Amortization of the quiesced (+). b) Impairment Valuation (+ /-) Corrections. c) Change of provisions (+ /-). d) Imputation of grants, donations and legacies (-) e) Results for casualties and enajenations of the fixed assets (+ /-). f) Results from losses and financial instruments (+ /-). g) Financial revenue (-). h) Financial expenses (+). i) Change differences (+ /-). j) Fair value change in financial instruments (+ /-). k) Other income and expenses (-/+). 3. Changes in current capital. a) Stocks (+ /-). b) Debtors and other receivables (+ /-). c) Other current assets (+ /-). d) Creditors and other accounts payable (+ /-). e) Other current liabilities (+ /-). f) Other non-current assets and liabilities (+ /-). 4. Other cash flows from operating and management activities. a) Interest payments (-). b) Dividend cobros (+). c) Interest (+). d) Cobros (payments) for profit tax (+ /-). e) Other payments (charges) (-/+) 5. Cash flows from operating and management activities (+ /-1 + /-2 + /-3 + /-4)
	B) CASH FLOWS FROM INVESTMENT ACTIVITIES
	. Payments for investments (-)
b) Intangible fixed assets.
	c) Material Immobilized. d) Historical Heritage Assets. e) Real Estate Investments.
f) Other financial assets.
g) Non-current assets held for sale.
7. Charges for Disinvestments (+).
b) Intangible fixed assets.
	c) Material Immobilized. d) Historical Heritage Assets. e) Real Estate Investments.
f) Other financial assets.
g) Non-current assets held for sale. h) Other assets. 8. Cash flows from investment activities (7-6)
) CASH FLOWS FROM FINANCING ACTIVITIES
	. Collections and payments for equity transactions. a) Contributions to the endowment or social fund (+). b) Social fund decreases (-). c) Grants, donations, and legacies received (+). 10. Payments and payments for financial liabilities instruments. a) Issue 1. Obligations and other marketable securities (+). 2. Debt with credit institutions (+). 3. Debt to group and associated entities (+). 4. Other debts (+). b) Return and amortization of 1. Obligations and other marketable securities (-). 2. Debt with credit institutions (-). 3. Debts to group entities and associated (-). 4. Other debts (-). 11. Cash flows from financing activities (+ /-9 + /-10)
	D) EFFECT OF CHANGE TYPES VARIATIONS
	E) INCREMENT/DECREASE NET OF CASH OR EQUIVALENTS (+ /-5 + /-8 + /-11 +/-D)
or equivalent at the beginning of the exercise.
or equivalent at the end of the exercise.

31. Inventory

The inventory referred to in Article 25.2 of Law 50/2002 of 26 December shall include the assets of the entity's balance sheet, distinguishing the different assets, rights, obligations and other assets. items that compose it.

To this effect, a document will be drawn up in which it will be indicated for the various heritage elements that the Protectorates will determine in function, among other criteria, their quantitative importance and the linkage to the entity's own, the following aspects.

-Description of the element.

-Acquisition date.

-Accounting value.

-Variations produced in the valuation.

-Impairment losses, write-downs, and any other compensating items that affect the asset item.

-Any other significant circumstance affecting the assets, such as encumbrances, affectation, or if they are part of the endowment.

ABBREVIATED ANNUAL ACCOUNT MODELS

Short balance

Short balance sheet at year 200X close

ACCOUNTS

ACTIVE	MEMORY NOTES	200X	200X-1
	A) ACTIVE NOT CURRENT
20, (280), (2830), (290)	I. Intangible fixed assets
240, 241, 242, 243, 244, 249, (299)	II. Historical Heritage Assets
21, (281), (2831), (291), 23	III. Immobilized material
22, (282), (2832), (292)	IV. Real Estate Investments
2503, 2504, 2513, 2514, 2523, 2524, (2593), (2594), (293), (2943), (2944), (2953), (2954)	V. Investments in group entities and long-term associates
2505, 2515, 2525, (2595), 260, 261, 262, 263, 264, 265, 267, 268, (269), 27, (2945), (2955), (297), (298)	VI. Long-term financial investments
474	VII. Deferred tax assets
	B) CURRENT ACTIVE
	580, 581, 582, 583, 584, (599)	I. Non-current assets held for sale
30, 31, 32, 33, 34, 35, 36, (39), 407	II. Stocks
447, 448, (495)	III. Users and other debtors of your own activity
430, 431, 432, 433, 434, 435, 436, (437), (490), (493), 440, 441, 446, 449, 460, 464, 470, 471, 472, 558, 544	IV. Commercial debtors and other accounts receivable
5303, 5304, 5313, 5314, 5323, 5324, 5333, 5334, 5343, 5344, 5353, 5354, (5393), (5394), 5523, 5524, (593), (5943), (5944), (5953), (5954)	V. Investments in group entities and short-term associates
5305, 5315, 5325, 5335, 5345, 5355, (5395), 540, 541, 542, 543, 545, 546, 547, 548, (549), 551, 5525, 5590, 5593, 565, 566, (5945), (5955), (597), (598)	VI. Short-term financial investments
480, 567	VII. Short term periods
57	VIII. Cash and other equivalent liquid assets
	TOTAL ACTIVE (A + B)

585, 586, 587, 588, 589

ACCOUNTS	NET AND PASSIVE ASSETS	NOTES FROM MEMORY	200X	200X-1
	A) NET WORTH
	A-1) Own Funds
	I. Foundational endowment/Social Fund
100, 101	1. Foundational endowment/Social Fund
	2. (Unrequired foundational endowment/Unrequired Social Fund)
111, 113, 114, 115	II. Reservations
120, (121)	III. Previous exercise surpluses
129	IV. Exercise surplus
133, 1340, 137	A-2) Adjustments to value changes
, 131, 132	A-3) Grants, donations, and legacy received
	B) NON-CURRENT PASSIVE
14	I. Long-term provisions
	II. Long-term debts
1605, 170	1. Debt to credit institutions
1625, 174	2. Financial leasing creditors
1615, 1635, 171, 172, 173, 175, 176, 177, 179, 180, 185, 189	3. Other long-term debts
1603, 1604, 1613, 1614, 1623, 1624, 1633, 1634	III. Debts to group entities and long-term associates
479	IV. Deferred tax liabilities
181	V. Long-term periods
	C) PASSIVE STREAM
I. Liabilities linked to non-current assets held for sale
, 529	II. Short-term provisions
	III. Short term debts
5105, 520, 527	1. Debt to credit institutions
5125, 524	2. Financial leasing creditors
500, 505, 506, 509, 5115, 5135, 5145, 521, 522, 523, 525, 528, 551, 5525, 555, 5565, 5566, 5595, 5598, 560, 561, 569	3. Other short-term debts
5103, 5104, 5113, 5114, 5123, 5124, 5133, 5134, 5143, 5144, 5523, 5524, 5563, 5564	IV. Debts to group entities and short-term associates
412	V. Beneficiaries-Creditors
	VI. Commercial creditors and other accounts payable
400, 401, 403, 404, 405, (406)	1. Suppliers
410, 411, 419, 438, 465, 466, 475, 476, 477	2. Other creditors
485, 568	VII. Short term periods
	TOTAL NET AND PASSIVE EQUITY (A + B + C)

ABBREVIATED RESULTS ACCOUNT

Abbreviated result count for the end of 200X

ACCOUNTS

721

728

(651)

(658)

940, 9420

	NOTE	(Must) Haber
		200X	200X-1
	)
	1. Revenue from your own activity
720	a) Partner and affiliate quotas
b) User inputs
722, 723	c) Promotions, sponsors, and collaborations revenue
	740, 747, 748	d) Grants, donations, and legacies imputed to exercise surplus
e) Reintegrated aids and allocations
700, 701, 702, 703, 704, 705, (706),	2. Sales and other revenue from merchant activity
(708), (709)	3. Help and other expenses
) Currency Aids
b) Aid not monetary
(653), (654)	c) Expenses by collaborations and the governing body
d) Reintegrated grants, donations, and legacies
(6930), 71 *, 7930	4. Stock variation of finished and in-flight products
	73	5. Jobs performed by the entity for your asset
(600), (601), (602), 6060, 6061, 6062, 6080, 6081, 6082, 6090, 6091, 6092, 610 *, 611 *, 612 *, (607), (6931), (6932), (6933), 7931, 7932, 7933	6. Provisioning
75	7. Other activity revenue
	8. Staff expenditures
	9. Other activity expenses
(68)	10. Amortization of the immobilized
745, 746	11. Grants, donations and capital legacies transferred to exercise surplus
7951, 7952, 7955, 7956	12. Excess provisions
	13. Impairment and result by inmobilings
	A. 1) EXCESS ACTIVITY (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12 + 13)
760, 761, 762, 767, 769	14. Financial Revenue
	15. Financial expenses
(663), 763	16. Fair value variation in financial instruments
(668), 768	17. Change differences
	18. Deterioration and result by financial instrument enajenations
	A. 2) EXCESS FINANCIAL OPERATIONS (14 + 15 + 16 + 17 + 18)
	A. 3) SURPLUS BEFORE TAX (A. 1 + A. 2)
6300) *, 6301 *, (633), 638	19. Benefits Taxes
	A. 4) Net worth variation recognized in exercise surplus (A. 3 + 19)
	B) Revenue and expenses directly imputed to equity
1. Grants received.
941, 9421	2. Donations and legacies received.
	3. Other revenue and expense.
	4. Tax effect.
	B. 1) Net equity change by income and expenses directly recognized in net worth (1 + 2 + 3 + 4)
	C) Reclassifications to the exercise surplus.
(840), (8420)	1. Grants received.
	2. Donations and legacies received.
	3. Other revenue and expense.
8301 *, (836), (837)	4. Tax effect.
	C. 1) Net equity change by reclassifications to exercise surplus (1 + 2 + 3 + 4)
	D) Net equity Variations by income and expenses directly attributed to equity (B. 1 + C. 1) **
E) Adjustments by criteria changes
	F) Adjustments to errors
	G) Variations in the foundational endowment or social fund
	H) Other variations
	I) TOTAL RESULT, NET WORTH VARIANCE IN EXERCISE (A. 4 + D + E + F + G + H)

* Your sign can be positive or negative.

Abbreviated memory

Short memory content

1. Entity Activity

1. Without prejudice to the information to be included in note 15, the purposes of the entity listed in its statutes and the activity or activities carried out in the financial year, as well as the address and legal form of the institution, shall be described in a succinct manner. entity, and the place where you develop the activities if it is different from the registered office.

2. Where the institution is the most active entity in the group of entities in the group, in the terms laid down in the rule for the drawing up of the annual accounts 11. Entities of the group, multigroup and associates of this third party, shall be reported more significant entities that integrate it, describing its activities and indicating the aggregate volume of assets, liabilities, revenues and expenses.

It is understood by a higher-active entity that at the time of its incorporation into the group, it presents a higher figure in the total assets of the balance sheet model.

3. Where the institution is not the most active entity in the group of entities in the group in the terms set out in the previous point, it shall indicate the Register where the annual accounts of the institution containing the information required at the point are deposited. previous.

4. Where there is a functional currency other than the euro, this circumstance shall be clearly stated, indicating the criteria taken into account for its determination.

2. Basis for the presentation of the annual accounts

1. True image:

(a) The entity shall make an explicit statement that the annual accounts reflect the true and fair view of the assets, the financial position and the results thereof, as well as the degree of compliance of their assets. activities.

(b) Exceptional reasons why, in order to show the true image, no legal provisions have been applied in accounting matters, indicating the non-applied legal provision, and qualitative and quantitative influence, indicating the the impact for each financial year for which information is presented, on the entity's assets, financial position and results.

c) Complementary information, indicating its location in memory, that it is necessary to include when the application of the legal provisions is not sufficient to show the true image.

2. Non-mandatory accounting principles applied.

3. Critical aspects of the assessment and estimation of uncertainty.

(a) Without prejudice to the above in each specific note, this section will report on the key assumptions about the future as well as other relevant data on the estimate of the uncertainty at the closing date of the exercise, provided that they are associated with an important risk that may lead to significant changes in the value of assets or liabilities in the following financial year. For such assets and liabilities, information on their nature and book value shall be included on the closing date.

(b) The nature and amount of any change in an accounting estimate that is significant and which affects the current financial year or which is expected to affect future financial years shall be indicated. When it is impractical to estimate the effect in future exercises, this fact will be revealed.

(c) Where the management of the institution is aware of the existence of significant uncertainties, relating to events or conditions that may provide significant doubt as to the possibility of the entity continuing to operate normally, they shall disclose them in this paragraph. In the event that the annual accounts are not drawn up under the principle of operating entity, such an event shall be the subject of explicit disclosure, together with the alternative scenarios on which they have been drawn up, as well as the reasons why the entity cannot be considered as a functioning entity.

4. Comparison of the information.

Without prejudice to the following sections regarding changes in accounting criteria and error correction, the following information will be incorporated in this section:

(a) Exceptional reasons justifying the modification of the balance sheet structure and the results of the previous financial year.

b) Explanation of the causes that prevent the comparison of the annual accounts of the year with those of the previous one.

(c) Explanation of the adjustment of the amounts of the preceding financial year to facilitate the comparison and, if not, the exceptional reasons which have rendered the reexpression of the comparative figures impracticable.

5. Items collected in multiple items.

Identification of the assets, with their amount, that are recorded in two or more items in the balance sheet, with an indication of these and the amount included in each balance sheet.

6. Changes in accounting criteria.

Detailed explanation of adjustments for changes in accounting criteria made in the exercise, indicating the reasons why the change allows for more reliable and relevant information.

If the retroactive application is impracticable, the circumstances that explain it and from when the change in the accounting criteria has been applied will be reported.

It will not be necessary to include comparative information in this section.

7. Error correction.

Detailed explanation of the error correction adjustments made in the exercise, indicating the nature of the error.

If the retroactive application is impracticable, the circumstances that explain it and from when the error has been corrected will be reported.

It will not be necessary to include comparative information in this section.

3. Surplus for the year

1. Analysis of the main items that form the surplus of the financial year reporting the significant aspects of the exercise.

2. Information on the proposed accounting application of the surplus for the financial year, in accordance with the following scheme:

Supporting Base	Amount
Surplus.
Remover.
volunteers.
Other free disposition reservations.
Total	-------

	Amount
A foundational endowment/social fund.
special reservations.
To voluntary reservations.
A compensation for negative surplus from previous exercises.
Total	-------

3. Information on the limitations for the application of the surplus in accordance with the legal provisions.

4. Registration and valuation rules

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

1. Intangible fixed assets; indicating the criteria used for capitalisation or activation, amortisation and valuation corrections for impairment.

Justification of the circumstances that have led to the indefinite qualification of the useful life of an intangible fixed asset.

In particular, the valuation criterion followed to calculate the recoverable value of the goodwill, if any, as well as the rest of intangible fixed assets with indefinite shelf life, should be specified in detail.

The criteria for determining the nature of non-cash-flow assets, criteria used for capitalization or activation, amortisation, valuation corrections for impairment and disposal shall also be indicated. of these assets.

2. Tangible fixed assets, indicating the criteria for depreciation, valuation corrections for deterioration and reversal of depreciation, capitalisation of financial expenses, enlargement costs, modernisation and improvements, decommissioning or withdrawal costs, as well as the costs of rehabilitation of the place where an asset is settled and the criteria for determining the cost of the work carried out by the institution for its fixed assets.

In addition, the criteria for accounting for leasing contracts and other similar operations shall be specified.

The criteria for determining the nature of assets of non-fixed assets, non-cash flow generators, depreciation criteria, valuation corrections for impairment and reversal of assets shall also be indicated. the rehabilitation costs of the place where an asset is settled and the disposal of the assets.

3. The criterion for qualifying land and buildings as real estate investments shall be indicated, specifying for these criteria the criteria set out in the previous paragraph.

In addition, the criteria for accounting for leasing contracts and other similar operations shall be specified.

4. Property belonging to the Historical Heritage; indicating the criteria on valuation, valuation corrections for deterioration and reversal of the same, capitalization of financial expenses, costs of enlargement, modernization and improvements, costs of decommissioning or withdrawal, as well as the costs of rehabilitation of the place where an asset is located and the criteria for determining the cost of the work carried out by the entity for these goods, and those followed in relation to the large repairs that affect them.

5. Permutas; indicating the criterion followed and the justification for their application, in particular the circumstances which led to the qualification of a commercial swap.

The justification of the applied criterion for non-cash flow-generating assets shall also be indicated.

6. Financial instruments; shall be indicated:

(a) Criteria used for the rating and valuation of the different categories of financial assets and financial liabilities.

(b) The nature of the financial assets and financial liabilities initially designated as at fair value through changes in the income statement, as well as the criteria applied in that designation and an explanation of how the entity has complied with the requirements set out in the standard of registration and valuation relating to financial instruments.

(c) The criteria applied to determine the existence of objective evidence of deterioration, as well as the recording of the correction of value and its reversal and the definitive discharge of impaired financial assets. In particular, the criteria used to calculate the valuation corrections relating to commercial debtors and other receivables shall be highlighted. The accounting criteria applied to financial assets whose conditions have been renegotiated and which otherwise would be due or impaired shall also be indicated.

d) Criteria used for the registration of financial assets and financial liabilities.

e) Investments in group, multi-group and associated entities; the criterion followed in the valuation of these investments, as well as the one applied to record impairment valuation corrections, shall be reported.

(f) The criteria used in determining the revenue or expenditure arising from the various categories of financial instruments: interest, premiums or discounts, dividends etc.

7. Loans and debits for own activity, indicating the valuation criteria applied. In particular, those followed to calculate the value adjustments.

8. Stocks; indicating the valuation criteria and in particular, specifying those followed by valuation corrections for deterioration and capitalization of financial expenses.

The valuation criteria shall also be indicated, and in particular the criteria for valuation corrections for impairment of non-cash flows.

9. Foreign currency transactions; indicating:

a) Criteria for valuation of foreign currency transactions and criteria for imputation of exchange differences.

b) When there has been a change in the functional currency, it will become manifest, as well as the reason for such a change.

(c) For the items contained in the annual accounts which at present or at their origin have been expressed in foreign currency, the procedure used to calculate the exchange rate shall be indicated in euro.

10. Profit taxes; indicating the criteria used for the registration and valuation of deferred tax assets and liabilities.

11. Revenue and expenditure; indicating the general criteria applied In particular, in relation to the performance of services carried out by the institution, the criteria used for the determination of the revenue shall be indicated; in particular, the methods used to determine the percentage of performance in the provision of services and shall be reported if its application has been impracticable.

The general criteria applied to the entity's own revenue and expenditure shall also be indicated. In particular, multi-annual expenditure and criteria for temporary imputation.

12. Provisions and contingencies; indicating the criterion of valuation, as well as, where appropriate, the treatment of compensation to be received from a third party at the time of the settlement of the obligation. In particular, a general description of the method of estimation and calculation of each of the risks shall be given in relation to the provisions.

13. Criteria used for the recording and valuation of staff expenditure, in particular, for pension commitments.

14. Grants, donations and legacies; indicating the criteria used for their classification and, where applicable, their imputation to results.

15. Business combination; in the case of applying the registration and valuation standard 19. of the General Accounting Plan, the criteria for registration and valuation shall be indicated.

16. Mergers between non-profit entities, indicating the criteria for employee registration and valuation.

17. Joint ventures; indicating the criteria followed by the entity to integrate the balances corresponding to the joint venture into its annual accounts.

18. Criteria used in related party transactions.

5. Tangible, intangible and real estate assets

1. Analysis of the movement during the exercise of each of these headings and their corresponding cumulative write-downs and cumulative value impairment corrections; indicating the following:

a) Initial save.

b) Entries.

c) Outputs.

d) End Balance.

In particular, the intangible immobilized with indefinite shelf life and the reasons for supporting the estimation of such an indefinite useful life will be detailed.

Information relating to real estate investments will also be specified, including a description of real estate investments.

If there is a significant item, by its nature or amount, the relevant additional information will be provided.

2. Financial leases and other operations of a similar nature on non-current assets. In particular, specifying in accordance with the terms of the contract: cost of the goods of origin, duration of the contract, years elapsed, quotas satisfied in previous years and in the financial year, outstanding shares and, where appropriate, the value of the option of purchase.

3. For each significant impairment valuation correction, recognised or reversed during the financial year, of an item of the fixed non-cash flow asset, it shall be indicated:

a) Nature of the immobilized.

b) Amount, events, and circumstances that have led to the recognition and reversal of impairment loss.

c) A criteria used to determine the fair value minus the selling costs, if any, or to determine the depreciated reorder cost.

(d) In respect of aggregate losses and reversions for which the information indicated in the preceding number is not disclosed, the principal classes of immobilized persons affected by impairment losses and reversions and the main events and circumstances that have led to the recognition and reversal of such impairment valuation corrections.

4. It shall be reported on the properties transferred to the entity and on the assets transferred by it, specifying the terms of the respective disposals.

5. The restrictions on the provision that exist in relation to these goods and rights shall be reported.

6. Property of the Historical Heritage

Analysis of movement during the exercise of each balance sheet item included in this item and its corresponding cumulative write-downs and cumulative impairment valuation corrections; indicating the following:

a) Initial save.

b) Entries.

c) Outputs.

d) End Balance.

In addition, they will be described:

1. The amount of net revaluations accumulated at the end of the financial year, carried out under a law that authorizes it.

2. The characteristics of investments in historical heritage assets acquired from group and associated entities, with an indication of their book value.

3. The characteristics of investments in historical heritage assets located outside the Spanish territory with an indication of their book value.

4. The characteristics of the property of the Historical Heritage do not directly affect the activity itself indicating its book value.

5. Property of Historic Heritage affected by guarantees.

6. Grants, donations and legacies received related to the property of the Historical Heritage.

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

8. Impact of the costs related to major repairs on the property of the Historical Heritage.

9. Main assumptions used to determine the fair value of these assets, when they were incorporated into the asset by that value.

10. The properties transferred to the entity and over the ceded by it, specifying the terms of the respective disposals.

11. Any other material of a substantive nature affecting the property of the Historical Heritage, in particular where these goods have been the subject of delivery for the payment of tax debts under the provisions of the rules governing this method of payment, indicating the taxes paid with the delivery and the amount of the same.

7. Financial assets

1. The value in books of each of the categories of financial assets identified in the relevant registration and valuation standard shall be disclosed, with the exception of investments in the assets of group, multi-group and associated entities.

For these purposes, each item shall be broken down on the basis of the categories set out in the 10th registration standard and shall be reported on the classes defined by the entity:

Categories	Classes
	Long-term Financial Instruments						Short-Term Financial Instruments						Total
	Instruments		Debt Representative Values		Derived Credits Other		Instruments heritage		Debt representative values		Credits Derivatives Other
Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ejx-1
Assets at fair value with changes in exercise surplus.
held to maturity.
and items to be charged.
Assets available for sale.
Derivatives
Total.

In any case, all information about transfers or reclassifications between the different categories of financial assets that have occurred in the financial year should be provided. In particular, the amounts of such reclassification for each category of financial assets shall be reported and a justification thereof shall be included.

2. For each class of financial assets, an analysis of the movement of the corrective accounts representative of the impairment losses caused by the credit risk shall be presented.

3. Where financial assets have been valued at fair value, it shall be indicated:

(a) If fair value is determined, in whole or in part, by reference to prices quoted in active markets or estimated using valuation models and techniques. In the latter case, the main assumptions on which the above models and valuation techniques are based will be identified.

(b) By category of financial assets, fair value, changes in value recorded, where applicable, in the profit or loss account, as well as those entered directly in equity.

(c) With respect to derivative financial instruments, other than those that qualify as hedging instruments, the nature of the instruments and the important conditions that may affect the financial instruments shall be reported. amount, timing and certainty of future cash flows.

4. Entities in the group, multigroup, and associated.

Information about group, multigroup, and associated entities will be detailed, including:

(a) Denomination, domicile and legal form of the entities of the group, specifying for each entity:

-Activities that they exercise.

-Fraction of capital and voting rights held directly and indirectly, distinguishing between both.

-Amount of capital, social fund or foundational endowment, reserves, other items of net worth and result of the last financial year, differentiating the operating result.

-Value based on capital participation books.

-Dividends received in the exercise.

-Indication of whether or not the shares are listed on the Stock Exchange, and, where applicable, on average of the last quarter of the year and on the closing of the financial year.

(b) The same information as that of the previous point with respect to the associated multigroup entities, those in which more than 20% of the capital still holds, the entity does not have significant influence and those in which the an entity is a collective partner, provided that its legal status permits participation in such companies. It shall also report on any contingencies incurred in relation to those entities. If the entity has significant influence over another holding a percentage less than 20% of the capital or holding more than 20% no significant influence is exercised, the circumstances affecting those relationships shall be explained.

(c) Purchases made during the financial year that have led to the rating of an entity as a subsidiary shall be detailed, indicating the share and percentage of acquired rights.

(d) Amount of the impairment valuation corrections recorded in the various units, differentiating those recognised in the exercise of the accumulated shares.

The allocation and reversions of the impairment valuation corrections charged and credited, respectively, against the item of net worth to collect the valuation adjustments shall also be reported as appropriate. the terms indicated in the registration and valuation rule.

8. Financial liabilities

1. The value in books of each of the categories of financial liabilities identified in the 10th standard of registration and valuation shall be disclosed.

For these purposes, each item shall be broken down on the basis of the above categories and shall be reported on the classes defined in the following terms:

Categories	Classes
	Long-term Financial Instruments						Short-Term Financial Instruments						Total
	Debts with credit entities		Obligations and other negotiable values		Derivatives Other		Debts with entities credit		Obligations and other negotiable values		Derivatives Other
Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1	Ej x	Ej x-1
Passive to fair value with changes in exercise surplus.
Other.
Total.

2. Information about:

(a) The amount of the debts that are due in each of the five years following the end of the financial year and the rest until the last maturity. These indications shall be separately for each of the headings and items relating to debts, in accordance with the short-balance sheet model.

(b) The amount of the debt with collateral, with an indication of its form and nature.

c) The amount available on the discount lines, as well as the credit policies granted to the entity with their respective limits, specifying the willing part.

3. For loans outstanding at the end of the financial year, the following shall be

:

a) Details of any default of principal or interest that occurred during the financial year.

(b) The value in books on the date of the end of the financial year of those loans in which a default was incurred, and

(c) If the default has been remedied or the terms of the loan have been renegotiated, before the date of formulation of the annual accounts.

9. Users and other debtors of their own activity

Breakdown under item B. III of the balance sheet asset "Users and other debtors of own activity", pointing to the movement during the financial year and indicating the initial balance, increases, decreases and final balance users, sponsors, affiliates and other debtors of the entity's own activity and distinguishing where appropriate, whether they come from group, multi-group or associated entities.

10. Beneficiaries-Acreers

Breakdown under heading C. V of the liability of the balance sheet "Beneficial-Acreers", pointing to the movement during the financial year and indicating the initial balance, increases, decreases and final balance for beneficiaries and others creditors of the entity's own activity, and distinguishing, where appropriate, whether they come from group, multi-group or associated entities.

11. Own funds

Reports on:

(a) Contributions to the social fund or endowment made in the financial year, distinguishing the cash from non-cash. Also, where appropriate, the outstanding disbursements as well as the date of enforceability shall be indicated for each contribution. This same information will be required for other contributions from founders, partners and third parties.

b) Specific considerations that affect reservations.

12. Tax situation

12.1 Tax on benefits.

(a) The tax regime applicable to the entity. In particular, the share of income and income to be incorporated as a tax base for corporate tax purposes shall be reported.

(b) Where appropriate, the sections of the memory in which the information required by the tax legislation has been included to qualify for non-profit-making entities for the purposes of the Act shall be specified. 49/2002, dated December 23. In particular, the entities required by the tax legislation to include the economic memory in the memory of the annual accounts shall include that information in this paragraph.

(c) Information regarding the deductible and taxable temporary differences recorded in the balance sheet at the end of the financial year.

(d) Antiquity and expected tax recovery time of credits for negative taxable bases.

e) Tax incentives applied in the exercise and commitments assumed in relation to them.

(f) Provisions arising from the profit tax as well as on tax contingencies and on post-closure events involving a change in the tax rules affecting the assets and registered tax liabilities. In particular, the exercises to be checked shall be reported.

g) Any other substantive circumstances in relation to the tax situation.

12.2 Other Tributes.

Any circumstances of a significant nature in relation to other taxes shall be reported; in particular any fiscal contingency, as well as the exercise of checking.

13. Revenue and Expenditure

Reports on:

1. Breakdown of item 3.a) of the income statement "Monetary aid", indicating the reintegrals produced and distinguishing by activities, and breakdown of item 3.b) "Non-monetary aid ".

2. Breakdown of item 6. "Supplies" detailing the amount corresponding to the consumption of goods for the activity and consumption of raw materials and other consumable materials and distinguishing between purchases and variation of stocks. National purchases, intra-Community acquisitions and imports will also be differentiated.

Breakdown of item 8. 'Staff expenses' of the income statement distinguishing contributions and endowments for pensions and other social charges.

3. Breakdown of item 9. 'Other expenditure of the activity', specifying the amount of the valuation corrections for the impairment of the claims and the failures.

4. Revenue from promotions, sponsors, and collaborations.

5. The amount of the sale of goods and services produced by the swap of non-cash goods and services.

6. Information from the item "Other results".

14. Grants, donations and legacies

Reports on:

1. The amount and characteristics of the grants, donations and legacies received that appear on the balance sheet, as well as those charged in the income statement.

2. Analysis of the movement of the contents of the corresponding subpool of the balance sheet, indicating the initial and final balance as well as the increases and decreases. In particular, the amounts received and, where appropriate, returned shall be reported.

3. Information on the origin of the grants, donations and legacies, indicating, for the first, the public Ente that grants them, specifying whether the grant of the same is the local, regional, state or international administration.

4. Information on whether or not the conditions associated with grants, donations and legacies are met.

5. The main assumptions used to determine the fair value of non-cash assets or services received or transferred without consideration.

15. Activity of the entity. Application of heritage elements for their own purposes. Administration expenses

15.1. Activity of the entity.

1. The state competition foundations shall provide the following information in accordance with the provisions of Law 50/2002 of 26 December and in its Implementing Regulation:

I. Activities performed.

ACTIVITY 1 (Fill in as many tabs as activities have the Foundation).

A) Identification.

of the activity.
Type of activity.
activity by sectors.
Place of activity development.

* Indicate whether this is a business or own activity

Detailed description of the activity performed.

B) Human resources used in the activity.

Type

Number		N. hours/year
	Done	Expected
Employee Staff
with Service Contract

C) Beneficiaries or users of the activity.

Type

Number
	Realized
people
persons

D) Economic resources used in the activity.

Expenses/Investments

Expenses

Amortization of the Inmobilized

Reasonable Value Variations in Financial Instruments

Differences

-commercial debt cancellation

Amount
	Realized
and other expenses
) Monetary aids
b) Non-monetary aids
) Expenses by collaborations and governance bodies
Variation of finished and ongoing product stocks manufacturing
Aprovisioning
Activity Expenses
impairment and result by inmobiling
Expenses
deterioration and result by enajenations of instruments financial
Taxes
Subtotal expenses
Acquisitions (except Heritage Assets History)
Heritage Acquisitions
Subtotal resources

E) Objectives and indicators of the activity.

	Indicator	Quantification

II. Total economic resources employed by the entity.

Activity Expenses

Amortization Immobilized

Reasonable Value Variations in Financial Instruments

Subtotal expenses

gasts/investments	Activity 1	Activity 2	Activity 3	Activity 4	Total Activities	Not Imputed to Activities	TOTAL
and other expenses
	) Currency Aids
c) Expenses by collaborations and governance bodies
stock change finished and in manufacturing
expenses
Impairment and result by alienation of quiesced
expenses
Impairment and Result by Financial Instruments Enajenations
Taxes
Heritage Acquisitions
-commercial debt cancellation
EMPLOYEE RESOURCES

III. Total economic resources obtained by the entity.

A. Income earned by the entity.

	revenue	Expected
and service capabilities of your own activities
and other revenue from business activities
Sector Grants
contributions
income types
TOTAL EARNED INCOME

B. Other economic resources obtained by the institution.

financial obligations assumed

	RESOURCES	Expected
TOTAL OTHER EARNED RESOURCES

IV. Collaboration agreements with other entities.

	Revenue	Expenses	No produces goods and services
Convention 1. With entity (X), subscribed for
Convention 2. With entity (Y), subscribed for

V. Deviations between the performance plan and data performed.

The most significant deviations that have occurred between the amounts provided for in the action plan and those actually carried out shall be detailed, indicating the causes that have caused them.

2. The remaining entities shall identify and quantify the purposes they pursue in each of the significant activities they carry out, reporting at least the following:

a) With which means the activity has been financed and what economic resources have been used for its realization.

b) The human resources applied, grouped by the following categories: salaried staff, staff with contract of services and volunteer staff, specifying in the latter case their time dedication.

c) The number of beneficiaries or users of their activities, differentiating between natural and legal persons.

15.2. Application of heritage elements for their own purposes.

Information about:

(a) The goods and rights that form part of the endowment or social fund, and those directly linked to the fulfilment of their own purposes, detailing the significant elements included in the various headings of the Balance Asset and the restrictions to which they are submitted.

b) The income and income destination referred to in Law 50/2002 of 26 December of Foundations, indicating the fulfillment of the income and income destination and the limits to which it is required, according to the criteria set out in their specific regulations and according to the model attached:

1. Degree of income and income destination compliance.

Exercise

EXERCISE SURPLUS	NEGATIVE SETTINGS	POSITIVE SETTINGS	CALCULATION BASE	INCOME TO ALLOCATE		RESOURCES FOR PURPOSES (EXPENSES + INVESTMENTS)	APPLICATION OF RESOURCES INTENDED TO MEET THEIR FINES*
							N-4	N-3	N-2	N-1	N	OUTSTANDING AMOUNT
				Amount	%
	N-4
N-3
N-2
	N-1
N
TOTAL

* In the event that the entity accumulates a deficit in the application of resources, in the following periods the applications will compensate, first, the deficits of previous years, starting with the oldest, and the excess will be computed as applied resources of the current exercise.

A detailed explanation of those significant items contained in the table that are affected to the specific purpose shall be included. This explanation shall be particularly focused on the columns of adjustments in which the following concepts are incorporated:

a) Negative adjustments. Not to be included as revenue:

a.1) Revenue reflected in the account of results from the disposal or lien of goods and rights contributed by the founders or by third parties, as a foundational endowment.

a.2) Revenue reflected in the profit or loss account arising from the onerous transfer of real estate in which the entity develops its own business, provided that the amount obtained in the transfer is reinvested in real estate intended for the same purpose.

b) Positive adjustments. They will not be deducted as expenses:

b.1) Expenses imputed to the profit or loss account which are directly related to the institution's own activity, including depreciation and impairment losses on the fixed assets. own activity.

b.2) A proportional amount of the expenses common to all the activities carried out by the entity which, according to objective criteria deducted from the effective application of resources to each activity, correspond to the activity of the entity. Common expenses include administrative expenses as well as expenses for which the employers have the right to pay the expenses.

(c) In addition, it shall be included as a positive or negative adjustment, depending on its sign, the result directly recorded in the net worth as a result of changes in the accounting criteria or the sub-healing of errors.

2. Resources applied in the exercise.

		IMPORT			TOTAL
1. Purposes *
	Own Funds	Grants, donations, and legacies	Debt
2. Purposes * (2.1 + 2.2)
Realized in Exercise
) Deures cancelled in the exercise incurred in previous exercises
) Imputation of grants, donations, and capital legacies from previous exercises
TOTAL (1 + 2)

* According to the provisions of article 32.6 of the Regulation of Law 50/2002 of 26 December of Foundations, the amount of the expenses and investments made in each financial year is considered for the purpose of the founding purposes they have actually contributed to the fulfilment of the foundation's own purposes specified in their statutes, except for the amounts to the write-downs and provisions. Where investments for the purpose of founding purposes have been financed with revenue to be distributed in various financial years in excess, such as grants, donations and legacies, or with other financial resources, such investments shall be shall be counted in the same proportion as the income has been, or the financing of others has been amortised.

(c) If any entity is not obliged to make the above information, it shall adapt this model to the specific characteristics of the information, in order to provide information on the destination of income and income. Information shall also be collected on the resources intended for the performance of the purposes in accordance with the model in paragraph 2.

15.3. Administration expenses.

The state competition foundations must provide a detailed account of the costs directly incurred by the administration of the assets and rights that are part of the assets of the foundation, and of the expenses of the Employers have the right to be redress. This information will be provided in the following table:

ADMINISTRATIVE EXPENSE DETAIL

ACCOUNT	EXPENSE DETAIL	EXPENSE DETAIL	ALLOCATION CRITERION TO THE WEALTH MANAGEMENT FUNCTION	IMPORT
TOTAL ADMINISTRATION EXPENSES

Additionally, the compliance of the limit to the amount of these expenses will be reported, in the following table:

Exercise	Alternative Limits (Art. 33 Regulation R.D. 1337/2005)		Expenses directly incurred by wealth management (3)	Eligible Expenses to Employers (4)	TOTAL ACCRUAL EXPENSE IN EXERCISE (5) = (3) + (4)	Supera (+) Do not exceed (-) the maximum limit (greater than 1 and 2)-5
	5% of own funds (1)	20% of the Art calculation base. 27 Law 50/2002 and Art. 32.1 Regulation R.D. 1337/05 (2)

16. Related party operations

1. Information on related party transactions shall be provided separately for each of the following categories:

a) Dominant entity.

b) Other entities in the group.

(c) Joint business in which the entity is one of the unit-holders.

d) Associated entities.

e) Entities with joint control or significant influence over the entity.

f) Key personnel of the entity or the parent entity.

g) Other related parts.

2. The institution shall provide sufficient information to understand the related party transactions it has carried out and the effects thereof on its financial statements, including, inter alia, the following:

a) Identification of the persons or entities with whom the related operations have been performed, expressing the nature of the relationship with each involved party.

b) Detail of the transaction and its quantification, expressing the price policy followed, by putting it in relation to which the entity uses with respect to similar transactions made with parties that do not have the consideration of linked. Where there are no analogous operations carried out with parties that do not have the consideration of related links, the criteria or methods followed to determine the quantification of the operation.

(c) Profit or loss that the transaction has originated in the entity and description of the functions and risks assumed by each related party with respect to the transaction.

(d) Amount of outstanding balances, both assets and liabilities, their terms and conditions, the nature of the consideration established for settlement, grouping the assets and liabilities under the heading that appears in the balance sheet the entity and guarantees granted or received.

e) Value adjustments for doubtful claims related to previous outstanding balances.

(f) Expenditure recognised in the financial year as a result of bad debts or of doubtful recovery of related parties.

3. The above information may be presented in an aggregated form when referring to items of a similar nature. In any case, information of an individual nature shall be provided on the related operations which are significant for their size or relevant to a proper understanding of the annual accounts.

4. It shall not be necessary to inform in the case of transactions which, belonging to the ordinary traffic of the entity, are carried out under normal market conditions, are of little quantitative importance and are of relevance to express the true image of the assets, the financial situation and the results of the entity.

5. On the amount of salaries, allowances and remuneration of any class accrued in the course of the year by senior management staff and members of the governing body, whatever their cause, as well as the obligations incurred in the case of pensions or the payment of life insurance premiums in respect of former and current members of the governing body and senior management staff. Information on severance payments shall also be included. Where the members of the governing body are legal persons, the above requirements shall relate to the natural persons representing them. Such information may be given in a comprehensive manner by way of remuneration, by collecting separately those corresponding to the senior staff of the members of the governing body.

6. Information on the amount of advances and credits granted to senior management staff and members of the governing bodies, with an indication of the interest rate, their essential characteristics and the amounts eventually, shall also be reported. returned, as well as the obligations assumed on behalf of them as collateral. Where the members of the governing body are legal persons, the above requirements shall relate to the natural persons representing them. This information may be given in a comprehensive manner for each category, separately collecting the information corresponding to the senior management staff of the members of the governing body.

17. Other information

Information about:

1. Changes in the governing body, address and representation.

2. The average number of persons employed in the course of the year, indicating those with a disability greater than or equal to 33%, and expressing the categories to which they belong.

The gender distribution at the end of the institution's staff exercise, broken down into a sufficient number of categories and levels, including those of managers and members of the governing body.

3. Annual information on the degree of compliance with the Code of Conduct for non-profit-making entities for the performance of temporary financial investments, in accordance with the applicable law.

18. Inventory

The inventory referred to in Article 25.2 of Law 50/2002 of 26 December shall include the assets of the entity's balance sheet, distinguishing the different assets, rights, obligations and other assets. items that compose it.

To this effect, a document will be drawn up in which it will be indicated for the various heritage elements that the Protectorates will determine in function, among other criteria, their quantitative importance and the linkage to the entity's own, the following:

-Description of the element.

-Acquisition date.

-Accounting value.

-Variations produced in the valuation.

-Impairment losses, write-downs, and any other compensating items that affect the asset item.

-Any other significant circumstance affecting the assets, such as encumbrances, affectation, or if they are part of the endowment.

FOURTH PART

Account Tables

GROUP 1

Basic Financing

10. CAPITAL.

100. Foundational endowment.

101. Social fund.

103. Founders/associates by unrequired disbursements.

1030. Founders, for unrequired disbursements.

1034. Associated, by unrequired disbursements.

104. Founders/associates for outstanding non-cash contributions.

1040. Founders, for outstanding non-cash contributions.

1044. Associates, for outstanding non-cash contributions.

11. RESERVATIONS.

111. Statutory reserves.

113. Voluntary reservations.

114. Special reservations.

115. Reserves for actuarial gains and losses and other adjustments.

12. SURPLUS OUTSTANDING.

120. Remnant.

121. Negative surpluses from previous years.

129. Exercise surplus.

13. GRANTS, DONATIONS, LEGACIES, AND OTHER ADJUSTMENTS FOR VALUE CHANGES.

130. Official capital grants.

1300. State grants.

1301. Grants from other public administrations.

131. Donations and capital legacies.

132. Other grants, donations and legacies.

1320. Other grants.

1321. Other donations and legacies.

133. Valuation adjustments in financial assets available for sale.

134. Coverage operations.

1340. Cash flow hedges.

1341. Coverage of a net investment in a foreign business.

135. Conversion differences.

136. Valuation adjustments in non-current assets and inajable groups of items held for sale.

137. Tax revenue to be distributed in various exercises.

1370. Tax revenue for permanent differences to be distributed in various exercises.

1371. Tax receipts for deductions and bonuses to be distributed in various exercises.

14. PROVISIONS.

140. Provision for long-term remuneration to staff.

141. Provision for taxes.

142. Provision for other responsibilities.

143. Provision for decommissioning, removal or rehabilitation of the immobilized.

145. Provision for environmental actions.

146. Provision for restructurings.

16. LONG-TERM DEBT WITH RELATED PARTIES.

160. Long-term debt with related credit institutions.

1603. Long-term debt with credit institutions, group entities.

1604. Long-term debt with credit institutions, associated entities.

1605. Long-term debts to other related credit institutions.

161. Long-term fixed assets suppliers, related parties.

1613. Long-term fixed asset suppliers, group entities.

1614. Long-term immobilised suppliers, associated entities.

1615. Suppliers of long-term fixed assets, other related parties.

162. Long-term financial leasing creditors, related parties.

1623. Long-term financial leasing creditors, group entities.

1624. Long-term financial leasing creditors, associated entities.

1625. Long-term financial leasing creditors, other related parties.

163. Other long-term debt with related parties.

1633. Other long-term debt, group entities.

1634. Other long-term debts, associated entities.

1635. Other long-term debts, with other related parties.

17. LONG-TERM DEBTS FOR LOANS RECEIVED, BORROWINGS AND OTHER CONCEPTS.

170. Long-term debt with credit institutions.

171. Long-term debts.

172. Long-term debts that can be transformed into grants, donations and legacies.

1720. Long-term debts that can be transformed into grants.

1721. Long-term debts that can be transformed into endowments and legacies.

173. Providers of fixed assets in the long term.

174. Creditors for long-term financial leasing.

175. Long-term effects to be paid.

176. Liabilities for long-term financial derivatives.

1765. Liabilities for long-term financial derivatives, trading book.

1768. Liabilities for long-term financial derivatives, hedging instruments.

177. Bonds and bonds.

179. Debts represented in other marketable securities.

18. LIABILITIES FOR BONDS, GUARANTEES AND OTHER LONG-TERM CONCEPTS.

180. Bonds received in the long term.

181. Advances received by long-term sales or service performance.

185. Long-term received deposits.

189. Long-term financial guarantees.

GROUP 2

Non-current active

20. INTANGIBLE FIXED ASSETS.

200. Research.

201. Development.

202. Administrative concessions.

203. Industrial property.

204. Goodwill.

205. Transfer rights.

206. Computer applications.

207. Rights to assets that are in use.

209. Advances for intangible fixed assets.

21. TANGIBLE FIXED ASSETS.

210. Land and natural assets.

211. Constructs.

212. Technical installations.

213. Machinery.

214. Tools.

215. Other facilities.

216. Furniture.

217. Teams for information processes.

218. Transport elements.

219. Other tangible fixed assets.

22. REAL ESTATE INVESTMENTS.

220. Investments in land and natural assets.

221. Investments in constructions.

23. TANGIBLE FIXED ASSETS.

230. Adaptation of land and natural assets.

231. Builds in progress.

232. Technical installations in assembly.

233. Machinery in assembly.

237. Equipment for mounting information processes.

239. Advances for tangible fixed assets.

24. ASSETS OF HISTORICAL HERITAGE.

240. Real Estate.

2400. Monuments.

2401. Historic gardens.

2402. Historical sets.

2403. Historical sites.

2404. Archaeological zones.

241. Files.

242. Libraries.

243. Museums.

244. Movable property.

249. Advances on Property of Historic Heritage.

2490. Advances on Real Estate of Historical Heritage.

2491. Advances on archives of the Historical Heritage.

2492. Advances on libraries of the Historical Heritage.

2493. Advances on museums of the Historical Heritage.

2494. Advances on movable property of the Historical Heritage.

25. LONG-TERM FINANCIAL INVESTMENTS IN RELATED PARTIES.

250. Long-term shareholdings in related parties.

2503. Long-term holdings in group entities.

2504. Long-term shareholdings in associated entities.

2505. Long-term interests in other related parties.

251. Representative long-term debt securities of related parties.

2513. Representative long-term debt securities of group entities.

2514. Representative long-term debt securities of associated entities.

2515. Representative long-term debt securities of other related parties.

252. Long-term credit to related parties.

2523. Long-term credit to group entities.

2524. Long-term credits to partner entities.

2525. Long-term credits to other related parties.

259. Outstanding disbursements on long-term shares in related parties.

2593. Outstanding disbursements on long-term holdings in group entities.

2594. Outstanding disbursements on long-term shareholdings in associated entities.

2595. Outstanding disbursements on long-term shareholdings in other related parties.

26. OTHER LONG-TERM FINANCIAL INVESTMENTS.

260. Long-term financial investments in equity instruments.

261. Long-term representative debt securities.

262. Long-term credits.

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

264. Long-term credit to staff.

265. Assets for long-term financial derivatives.

2650. Assets for long-term financial derivatives, trading book.

2653. Assets for long-term financial derivatives, hedging instruments.

267. Reimbursement entitlements arising from insurance contracts relating to long-term remuneration to staff.

268. Long-term impositions.

269. Outstanding disbursements on equity holdings in the long-term net worth.

27. LONG-TERM ESTABLISHED BONDS AND DEPOSITS.

270. Long-term established bonds.

275. Long-term, constituted deposits.

28. CUMULATIVE DEPRECIATION OF FIXED ASSETS AND OTHER CORRECTIVE ACCOUNTS.

280. Accumulated amortization of intangible fixed assets.

2800. Accumulated depreciation of research.

2801. Cumulative amortization of development.

2802. Accumulated amortization of administrative concessions.

2803. Accumulated depreciation of industrial property.

2805. Accumulated amortization of transfer rights.

2806. Cumulative amortization of computer applications.

2807. Accumulated amortization of rights to assets transferred in use.

281. Accumulated depreciation of tangible fixed assets.

2811. Cumulative amortization of builds.

2812. Accumulated amortization of technical facilities.

2813. Accumulated depreciation of machinery.

2814. Cumulative depreciation of tools.

2815. Accumulated amortization of other facilities.

2816. Accumulated amortization of furniture.

2817. Accumulated amortization of equipment for information processes.

2818. Cumulative amortization of transport items.

2819. Accumulated amortization of other tangible assets.

282. Cumulative amortization of real estate investments.

283. Use disposals without consideration.

2830. Disposals of use of intangible fixed assets.

2831. Disposals of use of tangible fixed assets.

2832. Disposals of use of real estate investments.

29. NON-CURRENT ASSET VALUE IMPAIRMENT.

290. Impairment of intangible fixed assets.

2900. Impairment of research value.

2901. Deterioration of the development value.

2902. Impairment of administrative concessions value.

2903. Deterioration of industrial property value.

2905. Impairment of transfer rights value.

2906. Deterioration of the value of computer applications.

2907. Impairment of rights value over assets ceded in use.

291. Impairment of the value of tangible fixed assets.

2910. Deterioration in the value of land and natural assets.

2911. Building value deterioration.

2912. Deterioration of the value of technical installations.

2913. Deterioration in the value of machinery.

2914. Deterioration of the value of tools.

2915. Deterioration of value of other facilities.

2916. Impairment of furniture value.

2917. Equipment value deterioration for information processes.

2918. Transport element value deterioration.

2919. Impairment of value of other tangible assets.

292. Deterioration in the value of real estate investments.

2920. Deterioration of the value of land and natural assets.

2921. Building value deterioration.

293. Impairment of long-term value of shares in related parties.

2933. Impairment of long-term interest in group entities.

2934. Impairment of long-term equity to associated entities.

294. Impairment of value of representative long-term debt securities of related parties.

2943. Impairment of the value of representative long-term debt securities of group entities.

2944. Impairment of the value of representative long-term debt securities of associated entities.

2945. Impairment of the value of representative long-term debt securities of other related parties.

295. Impairment of long-term credit value to related parties.

2953. Impairment of long-term credit value to group entities.

2954. Impairment of long-term credit value to associated entities.

2955. Impairment of long-term credit value to other related parties.

297. Impairment of the value of representative long-term debt securities.

298. Impairment of long-term credit value.

299. Deterioration of the value of property of the Historical Heritage.

2990. Impairment of real estate value.

2991. File value deterioration.

2992. Library value impairment.

2993. Deterioration of the value of Museums.

2994. Impairment of the value of movable property.

GROUP 3

Stocks

30. GOODS DESTINED FOR THE ACTIVITY.

300. Goods A.

301. Goods B.

302. Articles A.

303. Articles B.

31. RAW MATERIALS.

310. Raw materials A.

311. Raw materials B.

32. OTHER SUPPLIES.

320. Embeddable elements and assemblies.

321. Fuels.

322. Spare parts.

325. Miscellaneous materials.

326. Packaging.

327. Packaging.

328. Office material.

33. PRODUCTS IN CURSO.

330. Products in progress A.

331. Products under way B.

34. SEMI-FINISHED PRODUCTS.

340. Semi-finished products A.

341. Semi-finished products B.

35. TERMINATED PRODUCTS.

350. Finished Products A.

351. Finished products B.

36. RECOVERED BY-PRODUCTS, WASTE AND MATERIALS.

360. By-products A.

361. By-products B.

365. Waste A.

366. Waste B.

368. Recovered materials A.

369. Recovered materials B.

39. IMPAIRMENT OF STOCK VALUE.

390. Deterioration of the value of the goods destined for the activity.

391. Deterioration of the value of raw materials.

392. Impairment of value of other supplies.

393. Deterioration of the value of the products in progress.

394. Deterioration of the value of semi-finished products.

395. Deterioration of the value of finished products.

396. Deterioration of the value of the by-products, residues and materials recovered.

GROUP 4

Creditors and debtors by activity operations

40. PROVIDERS.

400. Suppliers.

4000. Suppliers (euro).

4004. Suppliers (foreign currency).

4009. Suppliers, invoices to receive or to formalize.

401. Suppliers, commercial effects to be paid.

403. Providers, entities in the group.

4030. Suppliers, group entities (euro).

4031. Commercial effects to be paid, entities in the group.

4034. Suppliers, entities of the group (foreign currency).

4036. Packaging and packaging to be returned to suppliers, entities in the group.

4039. Suppliers, entities in the group, invoices to receive or to formalize.

404. Providers, associated entities.

405. Suppliers, other related parties.

406. Packaging and packaging to be returned to suppliers.

407. Advances to suppliers.

41. MISCELLANEOUS BENEFICIARIES AND CREDITORS.

410. Creditors for service provision.

4100. Creditors for services (euros).

4104. Creditors for the provision of services (foreign currency).

4109. Creditors for services, invoices to receive or to formalize.

411. Creditors, commercial effects to be paid.

412. Beneficiaries, creditors.

419. Creditors for transactions in common.

43. CLIENTS.

430. Clients.

4300. Clients (euros).

4304. Clients (foreign currency).

4309. Clients, invoices pending formalize.

431. Customers, commercial effects to be charged.

4310. Commercial effects on portfolio.

4311. Discounted business effects.

4312. Commercial effects on collection management.

4315. Unpaid business effects.

432. Customer "factoring" operations.

433. Clients, entities in the group.

4330. Clients, group entities (euro).

4331. Commercial effects to be charged, entities in the group.

4332. Group entities, "factoring" operations.

4334. Group entities (foreign currency).

4336. Clients of the doubtful collection group.

4337. Packaging and packaging to be returned to customers, entities in the group.

4339. Group entities clients, invoices pending formalize.

434. Associated entities clients.

435. Customers other related parties.

436. Clients of doubtful collection.

437. Packaging and packaging to be returned by customers.

438. Customer advances.

44. MISCELLANEOUS USERS AND DEBTORS.

440. Debtors.

4400. Debtors (euro).

4404. Debtors (foreign currency).

4409. Debtors, invoices pending formalize.

441. Debtors, commercial effects to be charged.

4410. Debtors, commercial effects on portfolio.

4411. Debtors, discounted trade effects.

4412. Debtors, commercial effects on collection management.

4415. Debtors, unpaid business effects.

446. Debtors of doubtful recovery.

447. Users, debtors.

448. Sponsors, affiliates and other debtors.

4480. Sponsors.

4482. Affiliates.

4489. Other debtors.

449. Debtors for transactions in common.

46. PERSONAL.

460. Advances in remuneration.

464. Deliveries for expenses to be justified.

465. Remuneration to be paid.

466. Remuneration using a defined contribution system to be paid.

47. PUBLIC ADMINISTRATIONS.

470. Public Finance, debtor for various concepts.

4700. Hacienda Pública, debtor for VAT.

4707. Hacienda Pública, debtor for collaboration in the delivery and distribution of grants (art. 12 of the Grant Act).

4708. Public Finance, debtor for grants awarded.

4709. Hacienda Pública, debtor for tax refund.

471. Social Security Agencies, debtors.

472. Public Finance, VAT supported.

473. Public Finance, withholding and payments on account.

474. Deferred tax assets.

4740. Assets for deductible temporary differences.

4742. Allowances for deductions and allowances to be applied.

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

475. Public Finance, creditor for tax concepts.

4750. Public Finance, VAT creditor.

4751. Hacienda Pública, accretive for retentions practiced.

4752. Public Finance, creditor by corporation tax.

4757. Hacienda Pública, a creditor for grants received as a contributing entity (art. 12 Grant Act)).

4758. Public Finance, which is a grant for reintegrating.

476. Social Security Agencies, creditors.

477. Public finances, VAT passed on.

479. Liabilities for taxable temporary differences.

48. ADJUSTMENTS TO BE MADE.

480. Anticipated expenses.

485. Anticipated revenue.

49. IMPAIRMENT OF CREDIT VALUE FOR OPERATIONS OF THE ACTIVITY AND PROVISIONS IN THE SHORT TERM.

490. Impairment of credit value by operations of the activity.

493. Impairment of credit value by operations of the activity with related parties.

4933. Impairment of credit value by operations of the activity with entities in the group.

4934. Impairment of credit value by operations of the activity with associated entities.

4935. Impairment of credit value by operations of the activity with other related parties.

495. Impairment of credit value of users, sponsors, affiliates and other debtors.

499. Provision by operations of the activity.

4994. Provision for onerous contracts.

4999. Provision for other operations of the activity.

GROUP 5

Financial Accounts

50. BORROWINGS, AND OTHER SIMILAR SHORT-TERM ISSUES.

500. Short-term bonds and bonds.

505. Debts represented in other marketable securities in the short term.

506. Short-term interest on borrowings and other similar issues.

509. Amortised marketable securities.

5090. Bonds and bonds depreciated.

5095. Other marketable securities amortised.

51. SHORT-TERM DEBTS WITH RELATED PARTIES.

510. Short-term debts with related credit institutions.

5103. Short term debt with credit institutions, group entities.

5104. Short-term debts with credit institutions associated entities.

5105. Short-term debts to other related credit institutions.

511. Short-term fixed assets suppliers, related parties.

5113. Short-term fixed asset providers entities in the group.

5114. Providers of fixed term assets, associated entities.

5115. Short-term fixed assets suppliers, other related parties.

512. Short term financial leasing creditors, related parties.

5123. Short term financial leasing creditors, group entities.

5124. Short term financial leasing creditors, associated entities.

5125. Short term financial leasing creditors, other related parties.

513. Other short-term debts with related parties.

5133. Other short-term debts with group entities.

5134. Other short-term debts with associated entities.

5135. Other short-term debts with other related parties.

514. Short-term interest on debt with related parties.

5143. Short-term interest on debt, group entities.

5144. Short-term interest on debts, associated entities.

5145. Short-term interest on debts, other related parties.

52. SHORT TERM LOANS FOR LOANS RECEIVED AND OTHER ITEMS.

520. Short-term debt with credit institutions.

5200. Short-term loans from credit institutions.

5201. Short-term debts by willing credit.

5208. Debts for discounted purposes.

5209. Debt for factoring operations.

521. Short-term debts.

522. Short term debts that can be transformed into grants, donations and legacies.

523. Short-term fixed assets suppliers.

524. Short-term financial leasing creditors.

525. Effects to be paid in the short term.

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

528. Short-term interest on debts.

529. Short-term provisions.

5290. Short term provision for staff remuneration.

5291. Short term provision for taxes.

5292. Short term provision for other responsibilities.

5293. Short-term provision for decommissioning, withdrawal or rehabilitation of the fixed assets.

5295. Short term provision for environmental actions.

5296. Short term provision for restructuring.

53. SHORT-TERM FINANCIAL INVESTMENTS IN RELATED PARTIES.

530. Short-term shareholdings in related parties.

5303. Short-term holdings in group entities.

5304. Short-term shareholdings in associated entities.

5305. Short-term holdings in other related parties.

531. Representative short-term debt securities of related parties.

5313. Representative short-term debt securities of group entities.

5314. Representative short-term debt securities of associated entities.

5315. Representative short-term debt securities of other related parties.

532. Short term credits to related parties.

5323. Short term loans to group entities.

5324. Short term credits to associated entities.

5325. Short term credits to other related parties.

533. Short-term interest of representative debt securities of related parties.

5333. Short-term interest on representative debt securities of group entities.

5334. Short-term interests of representative debt securities of associated entities.

5335. Short-term interest of debt securities of other related parties.

534. Short-term interest on loans to related parties.

5343. Short term interest on loans to group entities.

5344. Short term interest on credit to associated entities.

5345. Short-term interest on loans to other related parties.

535. Dividend receivable from financial investments in related parties.

5353. Dividend receivable from group entities.

5354. Dividend receivable from associated entities.

5355. Dividend receivable from other related parties.

539. Outstanding disbursements on short-term shares in related parties.

5393. Outstanding disbursements on short-term holdings in group entities.

5394. Outstanding disbursements on short-term shareholdings in associated entities.

5395. Outstanding disbursements on short-term holdings in other related parties.

54. OTHER SHORT-TERM FINANCIAL INVESTMENTS.

540. Short-term financial investments in equity instruments.

541. Short-term representative debt securities.

542. Short-term credits.

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

544. Short-term credit to staff.

545. Dividend receivable.

546. Short-term interest on debt securities.

547. Short term interest on loans.

548. Short-term impositions.

549. Outstanding disbursements on shares in the net worth in the short term.

55. OTHER NON-BANK ACCOUNTS.

551. Current account with employers and others.

552. Current account with other people and linked entities.

5523. Current account with entities in the group.

5524. Current account with associated entities.

5525. Current account with other related parties.

553. Current accounts in mergers.

5530. Current account with the dissolved entity.

5531. Current account with the absorbent or newly created entity.

554. Current account with temporary joins of entities and communities of goods.

555. Items pending application.

556. Disbursements required on equity holdings.

5563. Required disbursements on units, group entities.

5564. Required disbursements on shareholdings, associated entities.

5565. Disbursements required on shareholdings, other related parties.

5566. Required disbursements on shares of other entities.

558. Founders and partners for required disbursements.

559. Short-term financial derivatives.

5590. Assets for short-term financial derivatives, trading book.

5593. Assets for short-term financial derivatives, hedging instruments.

5595. Financial derivatives liabilities in the short term, trading book.

5598. Liabilities for short-term financial derivatives, hedging instruments.

56. BONDS AND DEPOSITS RECEIVED AND CONSTITUTED IN THE SHORT TERM AND ADJUSTMENTS FOR THE PERIOD.

560. Bonds received in the short term.

561. Deposits received in the short term.

565. Securities incorporated in the short term.

566. Deposits made up in the short term.

567. Interest paid in advance.

568. Interest charged in advance.

569. Short-term financial guarantees.

57. Treasury.

570. Box, EUR.

571. Box, foreign currency.

572. Banks and credit institutions c/c view, euro.

573. Banks and credit institutions c/c view, foreign currency.

574. Banks and credit institutions, savings accounts, euros.

575. Banks and credit institutions, savings accounts, foreign currency.

576. Short-term investments with high liquidity.

58. NON-CURRENT ASSETS HELD FOR SALE AND ASSOCIATED ASSETS AND LIABILITIES.

580. Fixed.

581. Investments with related persons and entities.

582. Financial investments.

583. Stocks, commercial debtors and other receivables.

584. Other assets.

585. Provisions.

587. Debts to persons and related entities.

588. Commercial creditors and other accounts payable.

589. Other liabilities.

59. IMPAIRMENT OF VALUE OF SHORT-TERM FINANCIAL INVESTMENTS AND NON-CURRENT ASSETS HELD FOR SALE.

593. Impairment of value of short-term shares in related parties.

5933. Impairment of short-term interest in group entities.

5934. Impairment of short term interest in associated entities.

594. Impairment of the value of short term debt securities of related parties.

5943. Impairment of the value of representative short-term debt securities of group entities.

5944. Impairment of the value of representative short-term debt securities of associated entities.

5945. Impairment of the value of short-term debt securities of other related parties.

595. Impairment of short-term credit value to related parties.

5953. Impairment of short-term credit value to group entities.

5954. Impairment of short-term credit value to associated entities.

5955. Impairment of short-term credit value to other related parties.

597. Impairment of value of debt securities in the short term.

598. Impairment of short-term credit value.

599. Impairment of non-current asset value held for sale.

5990. Impairment of non-current fixed immobilized value for sale.

5991. Impairment of value of investments with non-current related persons and entities held for sale.

5992. Impairment of value of non-current financial investments held for sale.

5993. Impairment of stock value, commercial debtors and other accounts receivable integrated into a holding group held for sale.

5994. Impairment of other assets held for sale.

GROUP 6

Purchases and Expenses

60. BUY.

600. Purchases of goods destined for the activity.

601. Purchases of raw materials.

602. Purchases of other supplies.

606. Discounts on purchases for early payment.

6060. Discounts on purchases for soon payment of goods destined for the activity.

6061. Discounts on purchases for early payment of raw materials.

6062. Discounts on purchases for early payment of other supplies.

607. Jobs performed by other entities.

608. Purchase returns and similar operations.

6080. Returns of purchases of goods destined for the activity.

6081. Commodity purchases returns.

6082. Purchases returns from other supplies.

609. "Rappels" for purchases.

6090. "Rappels" for purchases of goods destined for the activity.

6091. "Rappels" for raw material purchases.

6092. "Rappels" for purchases of other supplies.

61. STOCK VARIATION.

610. Change in stocks of goods destined for the activity.

611. Change in stocks of raw materials.

612. Change in stocks of other supplies.

62. EXTERNAL SERVICES.

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

621. Leases and royalties.

622. Repairs and preservation.

623. Services of independent professionals.

624. Transport.

625. Insurance premiums.

626. Banking and similar services.

627. Advertising, propaganda and public relations.

628. Supplies.

629. Other services.

63. Tributes.

630. Profit tax.

6300. Current tax.

6301. Deferred tax.

631. Other tributes.

633. Negative adjustments to taxation on profits.

634. Negative adjustments to indirect taxation.

6341. Negative adjustments to current active VAT.

6342. Negative adjustments in investment VAT.

636. Tax refund.

638. Positive adjustments in taxation on profits.

639. Positive adjustments in indirect taxation.

6391. Positive adjustments in current active VAT.

6392. Positive adjustments in investment VAT.

64. PERSONNEL EXPENSES.

640. Wages and salaries.

641. Compensation.

642. Social security in charge of the entity.

643. Long-term remuneration through defined contribution systems.

644. Long-term remuneration through defined benefit systems.

6440. Annual contributions.

6442. Other costs.

649. Other social expenses.

65. MONETARY AID OF THE INSTITUTION AND OTHER MANAGEMENT COSTS.

650. Monetary aid.

6501. Individual monetary aids.

6502. Monetary aid to entities.

6503. Monetary aid made through other institutions or institutions.

6504. Monetary aid for international cooperation.

651. Non-monetary aid.

6511. Individual non-monetary aid.

6512. Non-monetary aid to entities.

6513. Non-monetary aid made through other institutions or institutions.

6514. Non-monetary aid for international cooperation.

653. Compensation of expenses for collaboration benefits.

654. Reimbursement of expenses to the governing body.

655. Losses of non-performing loans arising from the activity.

656. Results of operations in common.

6560. Benefit transferred (manager).

6561. Supported loss (participate or non-manager partner).

658. Reimbursement of grants, donations and legacies received, affected by the entity's own activity.

659. Other losses in current management.

66. FINANCIAL EXPENSES.

660. Financial expenses per update of provisions.

661. Bond and bond interest.

6610. Long-term bond and bond interests, group entities.

6611. Long-term bond and bond interests, associated entities.

6612. Interest on long-term bonds and bonds, other related parties.

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

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

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

6617. Interest on short-term bonds and bonds, other related parties.

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

662. Interest on debts.

6620. Interest on debts, group entities.

6621. Interest on debts, associated entities.

6622. Interest on debts, other related parties.

6623. Interest on debt with credit institutions.

6624. Interest on debts, other entities.

663. Valuation losses of financial instruments at fair value.

6630. Trading portfolio losses.

6631. Losses of designated by the entity.

6632. Losses available for sale.

6633. Loss of hedging instruments.

665. Interest on effects discount and factoring operations.

6650. Interest on discount of effects on credit institutions of the group.

6651. Interest on effects discount on associated credit institutions.

6652. Interest on discount for effects on other related credit institutions.

6653. Interest on discount for effects on other credit institutions.

6654. Interest in factoring transactions with credit institutions in the group.

6655. Interest in factoring operations with associated credit institutions.

6656. Interest on "factoring" transactions with other related credit institutions.

6657. Interest in factoring operations with other credit institutions.

666. Losses in units and debt securities.

6660. Losses in representative long-term debt securities, group entities.

6661. Losses in representative long-term debt securities, associated entities.

6662. Losses on representative long-term debt securities, other related parties.

6663. Losses in shares and securities representing long-term debt, other entities.

6665. Losses in units and securities representative of short-term debt, entities of the group.

6666. Losses on short-term debt securities and equity securities, associated entities.

6667. Losses on representative short-term debt securities, other related parties.

6668. Losses on representative short-term debt securities, other entities.

667. Credit losses.

6670. Long-term credit losses, group entities.

6671. Long-term credit losses, associated entities.

6672. Long-term credit losses, other related parties.

6673. Long-term credit losses, other entities.

6675. Short term credit losses, group entities.

6676. Short term credit losses, associated entities.

6677. Short term credit losses, other related parties.

6678. Short term credit losses, other entities.

668. Negative differences of change.

669. Other financial expenses.

67. LOSSES FROM NON-CURRENT ASSETS AND EXCEPTIONAL EXPENSES.

670. Losses from intangible fixed assets.

671. Losses arising from tangible assets and assets of the Historical Heritage.

672. Losses from real estate investments.

673. Losses arising from long-term shares in related parties.

6733. Losses from long-term holdings, entities in the group.

6734. Losses from long-term holdings, associated entities.

6735. Losses from long-term holdings, other related parties.

675. Losses from operations with own obligations.

678. Exceptional expenses.

68. ENDOWMENTS FOR REDEMPTIONS.

680. Amortization of intangible fixed assets.

681. Depreciation of tangible fixed assets.

682. Depreciation of real estate investments.

69. IMPAIRMENT LOSSES AND OTHER ENDOWMENTS.

690. Impairment losses on intangible fixed assets.

691. Losses due to impairment of material and property assets of the Historical Heritage.

6910. Impairment losses on tangible fixed assets.

6911. Losses from deterioration of property of the Historical Heritage.

692. Impairment losses on real estate investments.

693. Impairment losses on stocks.

6930. Impairment losses of finished and in-flight products.

6931. Impairment losses on goods intended for the activity.

6932. Impairment losses on raw materials.

6933. Impairment losses on other supplies.

694. Impairment losses from operations of the activity.

695. Provision for the provision by operations of the activity.

6954. Provision for provision for onerous contracts.

6959. Provision for provision for other operations of the activity.

696. Impairment losses on shares and securities representing long-term liabilities.

6960. Impairment losses on holdings in long-term net worth instruments, entities in the group.

6961. Impairment losses on shares in long-term net worth instruments, associated entities.

6962. Impairment losses on shares in long-term equity instruments, other related parties.

6963. Impairment losses on holdings in long-term equity instruments, other entities.

6965. Impairment losses on representative long-term debt securities, group entities.

6966. Impairment losses on representative long-term debt securities, associated entities.

6967. Impairment losses on representative long-term debt securities, other related parties.

6968. Impairment losses on representative long-term debt securities, other entities.

697. Long-term credit impairment losses.

6970. Long-term credit impairment losses, group entities.

6971. Long-term credit impairment losses, associated entities.

6972. Long-term credit impairment losses, other related parties.

6973. Long-term credit impairment losses, other entities.

698. Impairment losses on short term debt securities and equity securities.

6980. Impairment losses on shares in short-term net worth instruments, entities of the group.

6981. Impairment losses on shares in short-term net worth instruments, associated entities.

6985. Impairment losses on representative short-term debt securities, group entities.

6986. Impairment losses on representative short-term debt securities, associated entities.

6987. Impairment losses on representative short-term debt securities, other related parties.

6988. Impairment losses on representative short-term debt securities, other entities.

699. Short-term credit impairment losses.

6990. Short term impairment losses, group entities.

6991. Short term impairment losses, associated entities.

6992. Short term impairment losses, other related parties.

6993. Short term impairment losses, other entities.

GROUP 7

Sales and revenue

70. SALES OF GOODS, OF OWN PRODUCTION, OF SERVICES, ETC.

700. Merchandise sales.

701. Sales of finished products.

702. Sales of semi-finished products.

703. Sales of by-products and waste.

704. Sales of packaging and packaging.

705. Services capabilities.

706. Sales discounts for early payment.

7060. Sales discounts for early payment of merchandise.

7061. Sales discounts for early payment of finished products.

7062. Sales discounts for early payment of semi-finished products.

7063. Sales discounts for early payment of by-products and waste.

708. Sales returns and similar operations.

7080. Merchandise sales returns.

7081. Sales returns for finished products.

7082. Sales returns for semi-finished products.

7083. Sales returns for by-products and waste.

7084. Sales returns of packaging and packaging.

709. "Rappels" about sales.

7090. "Rappels" on merchandise sales.

7091. "Rappels" on sales of finished products.

7092. "Rappels" on sales of semi-finished products.

7093. "Rappels" on sales of by-products and waste.

7094. "Rappels" on sales of packaging and packaging.

71. STOCK VARIATION.

710. Product stock variation in progress.

711. Change in stocks of semi-finished products.

712. Stock variation of finished products.

713. Variation of stocks of by-products, residues and recovered materials.

72. THE ENTITY ' S OWN REVENUE.

720. Membership and affiliate fees.

721. User quotas.

722. Promotions for resource fetch.

723. Revenue from sponsors and collaborations.

7230. Sponsorship.

7231. Advertising sponsorship.

7233. Business collaborations.

728. Revenue from reimbursement of aid and allocations.

73. JOBS PERFORMED FOR THE ENTITY.

730. Work done for intangible fixed assets.

731. Work carried out for the fixed assets.

732. Work done on real estate investments.

733. Work carried out for the fixed assets in progress.

74. GRANTS, DONATIONS AND LEGACIES.

740. Grants, donations and legacies to the activity.

745. Capital grants transferred to the exercise surplus.

746. Donations and capital legacies transferred to the exercise surplus.

747. Other donations and legacies transferred to the exercise surplus.

748. Other grants transferred to the exercise surplus.

75. OTHER MANAGEMENT REVENUE.

751. Results of operations in common.

7510. Loss transferred (manager).

7511. Attributed benefit (participant or non-manager associate).

752. Revenue from leases.

753. Industrial property revenue ceded in operation.

754. Fee income.

755. Income from services to staff.

759. Miscellaneous Services Revenue.

76. FINANCIAL REVENUE.

760. Income from equity holdings in equity instruments.

7600. Income from equity in equity instruments, group entities.

7601. Income from equity holdings, associated entities.

7602. Income from equity holdings, other related parties.

7603. Income from equity in equity instruments, other entities.

761. Income from debt securities.

7610. Income from debt securities, group entities.

7611. Income from debt securities, associated entities.

7612. Income from debt securities, other related parties.

7613. Income from debt securities, other entities.

762. Revenue from credits.

7620. Long-term credit income.

76200. Long-term credit income, group entities.

76201. Long-term credit income, associated entities.

76202. Long-term credit income, other related parties.

76203. Long-term credit income, other entities.

7621. Short-term credit income.

76210. Short term credit income, group entities.

76211. Short term credit income, associated entities.

76212. Income from short-term credits, other related parties.

76213. Short term credit income, other entities.

763. Profit by valuation of financial instruments at fair value.

7630. Trading portfolio benefits.

7631. Benefits of designated by the entity.

7632. Benefits of available for sale.

7633. Benefits of hedging instruments.

766. Profit on shares and debt securities.

7660. Profit on representative long-term debt securities, group entities.

7661. Profit on representative long-term debt securities, associated entities.

7662. Profit on representative long-term debt securities, other related parties.

7663. Profit on shares and securities representing long-term debt, other entities.

7665. Profit in units and securities representative of short-term debt, entities of the group.

7666. Profit on short term debt securities and equity securities, associated entities.

7667. Profit on short term representative debt securities, other related parties.

7668. Profit on representative short-term debt securities, other entities.

767. Income from affected assets and redemption rights related to long-term redistributions.

768. Positive differences of change.

769. Other financial income.

77. BENEFITS FROM NON-CURRENT ASSETS AND EXCEPTIONAL INCOME.

770. Benefits from intangible fixed assets.

771. Profits from the tangible assets and assets of the Historical Heritage.

772. Benefits from real estate investments.

773. Profit from long-term shares in related parties.

7733. Profit from long-term holdings, entities in the group.

7734. Benefits from long-term shareholdings, associated entities.

7735. Profit from long-term holdings, other related parties.

774. Negative difference in business combinations.

775. Profits from operations with own obligations.

778. Exceptional revenue.

79. EXCESS AND APPLICATION OF PROVISIONS AND IMPAIRMENT LOSSES.

790. Reversal of impairment of intangible fixed assets.

791. Reversal of the deterioration of the material and property assets of the Historical Heritage.

792. Reversal of the deterioration of real estate investments.

793. Reversion of stock impairment.

7930. Reversal of the deterioration of finished and in-flight products.

7931. Reversal of the deterioration of goods destined for the activity.

7932. Reversion of the deterioration of raw materials.

7933. Reversal of deterioration of other supplies.

794. Reversal of impairment of credit by operations of the activity.

795. Excess provisions.

7950. Excess provision for staff remuneration.

7951. Excess provision for taxes.

7952. Excess provision for other responsibilities.

7954. Excess provisioning by operations of the activity.

79544. Excess provision for onerous contracts.

79549. Excess provisioning for other operations of the activity.

7955. Excess provision for environmental actions.

7956. Excess provision for restructurings.

796. Reversal of impairment of long-term debt securities and equity securities.

7960. Reversal of the impairment of shares in long-term net worth instruments, entities in the group.

7961. Reversal of the impairment of shares in long-term net worth instruments, associated entities.

7965. Reversal of impairment of representative long-term debt securities, group entities.

7966. Reversal of impairment of representative long-term debt securities, associated entities.

7967. Reversal of impairment of representative long-term debt securities, other related parties.

7968. Reversal of impairment of representative long-term debt securities, other entities.

797. Reversal of long-term credit impairment.

7970. Reversal of long-term credit impairment, group entities.

7971. Reversal of long-term credit impairment, associated entities.

7972. Reversal of long-term credit impairment, other related parties.

7973. Reversal of long-term credit impairment, other entities.

798. Reversal of impairment of short-term debt securities and equity securities.

7980. Reversal of the impairment of shares in short-term net worth instruments, group entities.

7981. Reversal of impairment of equity holdings in short-term net worth instruments, associated entities.

7985. Reversal of impairment on representative short-term debt securities, group entities.

7986. Reversal of impairment on representative short-term debt securities, associated entities.

7987. Reversal of deterioration in representative short-term debt securities, other related parties.

7988. Reversal of impairment on representative short-term debt securities, other entities.

799. Reversal of short-term credit impairment.

7990. Reversal of short-term credit impairment, group entities.

7991. Reversal of short-term credit impairment, associated entities.

7992. Reversal of short-term credit impairment, other related parties.

7993. Reversal of short-term credit impairment, other entities.

GROUP 8

Expenses charged to net worth

80. FINANCIAL EXPENSES FOR THE VALUATION OF ASSETS AND LIABILITIES.

800. Losses in financial assets available for sale.

802. Transfer of benefits in financial assets available for sale.

81. EXPENSES ON HEDGING OPERATIONS.

810. Losses from cash flow hedges.

811. Losses from net investments in a foreign business.

812. Transfer of benefits by hedge of cash flows.

813. Transfer of benefits by net investment coverage in a foreign business.

82. EXPENSE FOR CONVERSION DIFFERENCES.

820. Negative conversion differences.

821. Transfer of positive conversion differences.

83. PROFIT TAX.

830. Profit tax.

8300. Current tax.

8301. Deferred tax.

833. Negative adjustments to taxation on profits.

834. Tax revenue from permanent differences.

835. Tax receipts for deductions and bonuses.

836. Transfer of permanent differences.

837. Transfer of deductions and bonuses.

838. Positive adjustments in taxation on profits.

84. TRANSFERS OF GRANTS, DONATIONS AND LEGACIES.

840. Transfers of official capital grants.

841. Transfers of donations and capital legacies.

842. Transfers of other grants, donations and legacies.

8420. Transfers of other grants.

8421. Transfers of other donations and legacies.

85. ACTUARIAL LOSS EXPENSE AND ADJUSTMENTS IN ASSETS FOR LONG-TERM BENEFITS OF DEFINED BENEFIT.

850. Actuarial losses.

851. Negative adjustments in assets for long-term benefits of defined benefit.

86. EXPENSES FOR NON-CURRENT ASSETS FOR SALE.

860. Losses on non-current assets and renajable groups of items held for sale.

862. Transfer of profits on non-current assets and on-line groups of items held for sale.

89. EXPENSE OF HOLDINGS IN GROUP ENTITIES OR ASSOCIATED WITH PRIOR POSITIVE VALUE ADJUSTMENTS.

891. Impairment of equity holdings, group entities.

892. Impairment of equity holdings, associated entities.

GROUP 9

Income imputed to net worth

90. FINANCIAL INCOME BY VALUATION OF ASSETS AND LIABILITIES.

900. Benefits in financial assets available for sale.

902. Transfer of financial asset losses available for sale.

91. REVENUE IN HEDGING OPERATIONS.

910. Benefits from cash flow hedges.

911. Benefits from hedges of a net investment in a foreign business.

912. Transfer of losses by hedge of cash flows.

913. Transfer of losses by hedges of a net investment in a foreign business.

92. REVENUE FROM CONVERSION DIFFERENCES.

920. Positive conversion differences.

921. Transfer of negative conversion differences.

94. INCOME FROM GRANTS, DONATIONS AND LEGACIES.

940. Revenue from official capital grants.

941. Income from donations and capital legacies.

942. Income from other grants, donations and legacies.

9420. Revenue from other grants.

9421. Income from other donations and legacies.

95. ACTUARIAL GAINS INCOME AND ADJUSTMENTS IN ASSETS FOR LONG-TERM BENEFITS OF DEFINED BENEFIT.

950. Actuarial gains.

951. Positive adjustments in assets for long-term benefits of defined benefit.

96. INCOME FROM NON-CURRENT ASSETS FOR SALE.

960. Benefits in non-current assets and inajable groups of items held for sale.

962. Transfer of losses on non-current assets and renajable groups of items held for sale.

99. INCOME FROM HOLDINGS IN GROUP ENTITIES OR ASSOCIATED WITH PREVIOUS NEGATIVE VALUE ADJUSTMENTS.

991. Recovery of previous negative value adjustments, entities in the group.

992. Recovery of previous negative value adjustments, associated entities.

993. Impairment transfer of previous negative value adjustments, group entities.

994. Impairment transfer of previous negative value adjustments, associated entities.

PART QUINTA

Accounting definitions and relationships

GROUP 1

Basic Financing

It comprises the own resources and long-term foreign financing of the institution which is generally intended to finance the non-current asset and to cover a reasonable margin of the current; it also includes transitional situations of funding.

In particular, the following rules apply:

(a) The financial liabilities included in this group shall be classified, as a general rule, for the purposes of their valuation, in the category of 'Debits and items to be paid'. However, they may also be included in the category of 'Other financial liabilities at fair value with changes in the exercise surplus' in the terms set out in the rules of registration and valuation. This group also includes financial derivatives of both hedging and trading when their settlement is over one year.

(b) In accordance with the rules for the drawing up of annual accounts, this group cannot include long-term financial liabilities which, exceptionally, are to be classified at the time of their initial recognition in the category of 'Financial liabilities held for trading' to meet the requirements set out in the rules of registration and valuation, except for financial derivatives whose settlement period is longer than one year.

(c) If financial liabilities are classified for the purposes of their valuation in more than one category, the accounts of four or more figures that are necessary to differentiate the category in which they are included shall be developed.

(d) If hybrid financial liabilities are issued or assumed to be valued in accordance with the rules of registration and valuation as a whole at fair value, they shall be included in the account corresponding to the nature of the of the main contract, for which it will be created with due breakdown, accounts of four or more figures identifying that this is a long-term hybrid financial liability valued jointly. Where the main contract and the implicit derivative are recognised separately, the principal contract and the underlying derivative contract shall be treated as if it had been independently contracted and shall be included in the group 1, 2 or 5 account and the main contract it shall be collected in the account corresponding to its nature, with due breakdown of four or more figures which identify that this is a long-term hybrid financial principal contract.

(e) An account that collects financial liabilities classified in the category of "Other financial liabilities at fair value through changes in the surplus of the financial year" shall be paid or charged, for changes in fair value, with charge or credit, respectively, to accounts 663 and 763.

(f) An account which collects financial liabilities which, in accordance with the seventh registration and valuation standard, are part of a set group of items held for sale, shall be charged at the time when meet the conditions for their classification with credit to the respective account of subgroup 58.

g) The difference between the value for which the financial liabilities are initially recognised and their redemption value shall be recorded as a credit (or, where applicable, as a charge) in the account where the liability is registered financial with charge (or credit) to the account of the subgroup 66 corresponding to the nature of the instrument.

10. CAPITAL.

100. Foundational endowment.

101. Social fund.

103. Founders/associates by unrequired disbursements.

104. Founders/associates for outstanding non-cash contributions.

The accounts of this subgroup will be included in the net worth of the balance sheet, forming part of the own funds.

100. Foundational endowment.

Amount of the foundational contributions and the surpluses destined to increase the foundational Endowment.

Your move is as follows:

a) It will be paid:

to₁) For the initial and successive extensions.

to₂) By agreement of the governing body, by increasing the foundational endowment from reserves or surpluses.

b) Charged:

b₁) For the transfer of negative surpluses from previous exercises.

b₂) In general, by the extinction of the foundation after the settlement period has elapsed.

101. Social fund.

Amount of the contributions made in the associations and surpluses to increase the Social Fund.

Your movement is analogous to the one pointed out for the account 100.

103. Founders/associates by unrequired disbursements.

Foundation endowment or social fund pending disbursement not required in foundations and associations.

They shall be in the net worth, with a negative sign, minoring the starting endowment or social fund.

Your move is as follows:

(a) The amount of the undisbursed cash contributions shall be charged to the accounts of the subgroup 10.

(b) It shall be paid as the disbursements are required to be charged to account 558.

104. Founders/associates for outstanding non-cash contributions.

Contributions from founders and associates pending disbursement that corresponds to non-cash contributions in foundations and partnerships.

They shall be in the net worth, with a negative sign, minoring the starting endowment or social fund.

Your move is as follows:

(a) The amount of non-cash contributions not disbursed with credit to sub-group 10 accounts shall be charged.

(b) You shall pay as the disbursements are made, from the non-cash assets provided.

11. RESERVATIONS.

111. Statuesque reserves.

113. Voluntary reservations.

114. Special reservations.

115. Reserves for actuarial gains and losses and other adjustments.

The accounts of this subgroup will be included in the net worth of the balance sheet, forming part of the own funds.

111. Statutory reserves.

They are those set out in the entity's statutes.

Your move is as follows:

a) It will be paid, generally, to account for 129.

b) You will be charged for the disposition that is made of this reservation.

113. Voluntary reservations.

They are the ones freely constituted by the entity. Its movement is analogous to that indicated for account 111, without prejudice to the following paragraphs:

When a change of accounting criteria occurs or the sub-healing of an error, the adjustment for the accumulated effect calculated at the beginning of the financial year, of changes in the assets affected by the application The new criterion or the correction of the error shall be attributed to reserves of free disposal. On a general basis, the voluntary reserves will be charged, as follows:

(a) It shall be paid for the amount resulting from the net creditor effect of the changes experienced by the application of a new accounting criterion compared to the old one or the correction of the error, with charge and credit, if any, to the respective representative accounts of the assets affected by this fact, including those related to the accounting of the tax effect of the adjustment.

(b) The amount resulting from the net borrowing effect of the changes experienced by the application of a new accounting criterion compared to the old one or the correction of an accounting error, with credit or charge, shall be charged; case, to the respective representative accounts of the assets affected by this fact, including those related to the accounting of the tax effect of the adjustment.

114. Special reservations.

Those set by any legal disposition that are mandatory, other than those included in other accounts in this subgroup.

Your movement will be in each case the one set forth in the corresponding Law.

115. Reserves for actuarial gains and losses and other adjustments.

Net equity component arising from the recognition of actuarial gains and losses and adjustments in the value of the assets by post-employment remuneration to the defined benefit staff, in accordance with the provisions in the rules of registration and valuation.

Your move is as follows:

a) It will be paid:

to₁) At the close of the exercise, for the amount of the recognized gain, from the accounts of the subgroup 95.

to₂) For benefit tax expense related to these aspects, from the accounts in subgroup 83.

b) Charged:

b₁) At the end of the financial year, for the amount of the recognised loss, with credit to the accounts of subgroup 85.

b₂) For benefit tax expense related to these aspects, with credit to the accounts in subgroup 83.

12. SURPLUS OUTSTANDING.

120. Remnant.

121. Negative surpluses from previous years.

129. Exercise surplus.

The accounts of this sub-group shall be included in the net worth of the balance sheet, forming part of the own funds, with a positive or negative sign, as appropriate.

120. Remnant.

Positive surpluses not specifically applied to any other account, after the approval of the annual accounts and the distribution of surplus by agreement of the entity's governing body.

Your move is as follows:

a) Account is paid to account 129.

b) It will be charged for its application with credit generally, to the accounts of subgroup 11.

121. Negative surpluses from previous years.

Surplus negative from previous years.

Your move is as follows:

a) The account is loaded with credit 129.

(b) The account or accounts with which your balance is cancelled shall be paid from the account or accounts.

The entity shall develop in four-digit accounts the negative surplus for each financial year.

129. Exercise surplus.

Surplus positive or negative, last year closed, pending application.

Your move is as follows:

a) It will be paid:

to₁) To determine the surplus for the exercise, from the accounts of groups 6 and 7 that present at the end of the financial year credit balance.

to₂) By transferring the negative surplus, in charge of account 121.

b) Charged:

b₁) To determine the surplus for the financial year, with credit to the accounts of groups 6 and 7 that present at the end of the financial year the debtor balance.

b₂) When the positive surplus is applied according to the distribution agreement of the same, with credit to the corresponding accounts.

13. GRANTS, DONATIONS, LEGACIES, AND ADJUSTMENTS FOR VALUE CHANGES.

130. Official capital grants.

131. Donations and capital legacies.

132. Other grants, donations and legacies.

133. Valuation adjustments in financial assets available for sale.

134. Coverage operations.

1340. Cash flow coverage.

1341. Coverage of an investment in a business abroad.

135. Conversion differences.

136. Valuation adjustments in non-current assets and in-item groups of items held for sale.

137. Tax revenue to be distributed in various exercises.

1370. Tax revenue for permanent differences to be distributed in various exercises.

1371. Tax receipts for deductions and bonuses to be distributed in various exercises.

Grants and legacies, non-reintegrable, granted by third parties other than the founders or associates, received by the entity and other income and expenses directly accounted for in the equity, until such time as in accordance with the provisions of the rules of registration and valuation, where appropriate, the transfer or allocation of the results shall be made.

The accounts of this subgroup will be in net worth.

130. Official capital grants.

Those granted by public administrations, both domestic and international, for the establishment or fixed structure of the entity (non-current assets) when they are not reintegrable, according to the criteria established in the rules of registration and valuation.

Your move is as follows:

a) It will be paid:

to₁) At the end of the financial year, for the grant granted, from the corresponding account of the subgroup 94.

to₂) For the benefit tax expense linked to the grant imputed or transferred to the results account, from the accounts of subgroup 83.

b) Charged:

b₁) At the end of the financial year, by imputation to the received grant results account, with credit to the corresponding subgroup 84 account.

b₂) For the benefit tax expense linked to the grant directly attributed to the net worth, with credit to the accounts of subgroup 83.

131. Donations and capital legacies.

Donations and legacies granted by entities or individuals, for the establishment or fixed structure of the institution (non-current assets) where they are not reintegrable, in accordance with the criteria laid down in the rules of registration and valuation.

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

132. Other grants, donations and legacies.

Grants, donations and legacies granted that are not included in the accounts above, where they are not reintegrable, and are pending to be imputed to the surplus in accordance with the criteria laid down in the registration and valuation. This is the case for grants awarded to fund programs that will generate future expenses.

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

133. Valuation adjustments in financial assets available for sale.

Adjustments produced by the fair value valuation of the financial assets classified in the category of available for sale, in accordance with the standard of registration and valuation relating to financial instruments.

With a general character, your move is as follows:

a) It will be paid:

to₁) At the close of the financial year, for positive changes in the fair value of the financial assets available for sale, with account of the account 900.

to₂) At the close of the financial year, for the financial asset loss transfers available for sale, from account 902.

to₃) At the end of the financial year, when investments were made prior to the consideration of equity holdings as group, multi-group or associated entities, by recovery or transfer to the account of the impairment of the value adjustments for value reductions directly attributed to the net worth, from the corresponding accounts of the subgroup 99.

to₄) For benefit tax expense caused by these adjustments, from the accounts in subgroup 83.

b) They will be loaded:

b₁) At the end of the financial year, due to negative changes in the fair value of the financial assets available for sale, with credit to account 800.

b₂) At the close of the financial year, for the transfer of profits in financial assets available for sale, with credit to account 802.

b₃) At the end of the financial year, due to the deterioration in equity investments of group, multigroup and associated entities that previously caused value adjustments for value increase, with credit to the corresponding accounts for subgroup 89.

b₄) For benefit tax expense caused by these adjustments, with credit to the accounts in subgroup 83.

134. Coverage operations.

Amount of the loss or gain of the hedging instrument that has been determined as an effective hedge, in the case of hedge of cash flows or hedging of a net investment in a foreign business.

1340. Cash flow coverage.

With a general character, your move is as follows:

a) It will be paid:

to₁) At the close of the financial year, for cash flow hedge benefits, with account 910.

to₂) At the close of the financial year, for losses transferred in cash flow hedges from account 912.

to₃) For the benefit tax expense that arises from these operations, from the accounts in subgroup 83.

b) Charged:

b₁) At the close of the financial year, for losses from cash flows, with credit to account 810.

b₂) At the close of the financial year, for the benefits transferred in cash flow hedges, with credit to account 812.

b₃) For the benefit tax expense arising from these operations, with credit to the accounts in subgroup 83.

1341. Coverage of a net investment in a foreign business.

The coverage of a net investment in a foreign business includes the coverage of a monetary item that is considered as part of the said net investment, as it is not contemplated or the liquidation of such a net investment is likely to be considered. (a) for the foreseeable future in terms of the terms of the registration and valuation rule.

Your movement is analogous to the one pointed out for account 1340.

135. Conversion differences.

Difference arising from converting to the currency of presentation, euro, balance sheet items and the profit or loss account in the event that the functional currency is different from the currency of presentation.

With a general character, your move is as follows:

a) It will be paid:

to₁) At the close of the exercise, by the conversion difference revenue, from account 920.

to₂) At the close of the exercise, by transferring negative conversion differences, from account 921.

to₃) For benefit tax expense linked to the conversion difference, from the accounts in subgroup 83.

b) Charged:

b₁) At the end of the financial year, for conversion differences, with credit to account 820.

b₂) At the close of the exercise, by transferring positive conversion differences, with credit to account 821.

b₃) For profit tax expense linked to the conversion difference, with credit to the accounts in subgroup 83.

136. Valuation adjustments in non-current assets and in-item groups of items held for sale.

Fair value adjustments of non-current assets classified as held for sale, and directly associated assets and liabilities, classified as collateral groups of items held for sale, whose value variations, prior to their classification in this category, were already attributed to another account of subgroup 13.

With a general character, your move is as follows:

(a) At the time of its classification in this category, it shall be paid or charged, for the variation in value directly attributed to the net worth up to that time, with a charge or a credit, to the corresponding accounts of this subgroup 13.

(b) Subsequently, shall be paid or charged, for the change in the value of non-current assets held for sale, and of directly associated assets and liabilities classified as eligible groups of items held for the sale, with or without charge, respectively, to the accounts of groups 96 and 86.

c) The reasons for charge and credit for the tax effect are similar to those indicated for account 133.

137. Tax revenue to be distributed in various exercises.

Tax advantages in terms of permanent differences and deductions and bonuses which, because they have an economic nature equivalent to subsidies, are imputed to the profit or loss account in several exercises.

For these purposes, the permanent differences are, in general, materialised in income which is not incorporated in the determination of the taxable profit tax base and which does not revert in subsequent periods.

The four-figure cited accounts move is as follows:

1370. Tax revenue for permanent differences to be distributed in various exercises.

(a) The amount of the tax effect of the permanent differences to be charged in several financial years shall be paid at the end of the financial year to account for 834.

(b) The amount charged in the exercise of the tax effect of the permanent difference shall be charged at the end of the financial year with credit to the account 836.

1371. Tax receipts for deductions and bonuses to be distributed in various exercises.

Your movement is analogous to the one pointed out for account 1370.

14. PROVISIONS.

140. Provision for long-term remuneration to staff.

141. Provision for taxes.

142. Provision for other responsibilities.

143. Provision for decommissioning, removal or rehabilitation of the immobilized.

145. Provision for environmental actions.

146. Provision for restructurings.

long-term express or tacit obligations, clearly specified as to their nature, but which, on the date of the end of the financial year, are not determined as to their exact amount or the date on which they will be produced.

The accounts of this subgroup shall be on the non-current liability of the balance sheet.

The portion of the provisions whose cancellation is provided for in the short term must be included in the current liabilities of the balance sheet under the heading "Short-term Provisions"; for these purposes the amount representing the provisions with short maturity to the corresponding four-figure accounts of account 529.

140. Provision for long-term remuneration to staff.

Legal, contractual or implied obligations with the staff of the entity, other than the collection in account 146, on which there is uncertainty about their amount or maturity, such as post-employment remuneration defined benefit or disability benefits.

The provision corresponding to long-term benefits of defined benefit shall be quantified taking into account any assets affected, in the terms of the registration and valuation rule.

If an asset arises from the application of the provisions of this rule, the entity shall create the corresponding account in group 2 which shall be included in the non-current assets of the balance sheet, under the heading 'Other investments'.

The reasons for charging and crediting this asset will be analogous to those indicated for this account 140.

Your move is as follows:

a) It will be paid:

to₁) By estimates of annual accruals, from a subgroup 64 account.

to₂) For the recognition of actuarial losses, under account 850, in the case of post-employment retributions, a sub-group 64 account should be charged in the remaining long-term remuneration to the personnel.

to₃) For the amount of any adjustments that arise from the update of values, from the 660 account.

to₄) For the amount imputed to the cost results account for past services, from account 6442.

b) Charged:

b₁) By the provision that is made from the provision, with credit, generally, to the accounts of subgroup 57.

b₂) For the recognition of actuarial gains, with credit to account 950, in case of post-employment retributions, a sub-group 64 account must be paid in the remaining long-term remuneration to the personnel.

b₃) For the expected performance of the affected assets, with credit to account 767.

b₄) For excess provisioning, with credit to account 7950.

141. Provision for taxes.

Estimated amount of tax liabilities whose payment is undetermined as to their exact amount or the date on which it will occur, depending on whether or not certain conditions are met.

Your move is as follows:

(a) It shall be paid for the annual accrual estimate, from the expenditure accounts for the various components that integrate them. In particular:

to₁) To sub-group 63 accounts by the provision portion for the exercise fee.

to₂) To accounts in subgroup 66 for the interest of delay for the exercise.

to₃) To the 678 account, if any, by the associated sanction.

to₄) Account 113 for the quota and interest for earlier exercises.

b) Charged:

b₁) When provisioning is applied, with credit to subgroup 47 accounts.

b₂) For excess provisioning, with credit to account 7951.

142. Provision for other responsibilities.

Non-financial liabilities arising from non-determined claims not included in any of the other accounts of this subgroup; inter alia, those arising from ongoing litigation, indemnities or derivative obligations of guarantees and other similar guarantees by the institution.

Your move is as follows:

a) It will be paid:

to₁) At the birth of the obligation determining the compensation or payment, or for subsequent changes in their amount that result in an increase in the provision, with charge, to the group 6 accounts that correspond.

to₂) For the amount of any adjustments that arise from the update of values, from the 660 account.

b) Charged:

b₁) To the firm resolution of the dispute, or when the final amount of the compensation or payment is known, with credit, generally, to the accounts of subgroup 57.

b₂) For excess provisioning, with credit to account 7952.

143. Provision for decommissioning, removal or rehabilitation of the immobilized.

Estimated amount of the costs of decommissioning or removal of the fixed assets, as well as the rehabilitation of the place on which it is based. The entity may incur these obligations at the time of acquiring the fixed assets or to be able to use it for a certain period of time.

When this obligation is incurred at the time of the acquisition of the fixed asset or arises as a consequence of using the immobilized with purpose other than the production of stocks, its movement is as follows:

a) It will be paid:

to₁) At the birth of the obligation, or for subsequent changes in their amount that result in an increase in the provision, generally taken into account in subgroup 21.

to₂) For the amount of any adjustments that arise from the update of values, from the 660 account.

b) Charged:

b₁) At the end of the financial year, by the decreases in the amount of the provision originated by a new estimate of their amount, with credit, generally, to sub-group 21 accounts.

b₂) When the provision is applied, with credit, generally, to the accounts of subgroup 57.

When the obligation is incurred as a consequence of having used the immobilized to produce stock, its movement is analogous to that noted for account 142.

145. Provision for environmental actions.

Legal, contractual or implied obligations of the entity or undertakings acquired by it, of indeterminate amount, to prevent or repair damage to the environment, except those that have its origin in the decommissioning, removal or rehabilitation of the fixed assets, which shall be counted as set out in account 143.

Your move is as follows:

a) It will be paid:

to₁) At the birth of the obligation or subsequent changes in its amount that result in an increase in the provision, with account 622 or 623.

to₂) For the amount of any adjustments that arise from the update of values, from the 660 account.

b) Charged:

b₁) When provisioning is applied, with credit, generally, to subgroup 57 accounts.

b₂) For excess provisioning, with credit to account 7955.

146. Provision for restructurings.

Estimated amount of costs that arise directly from a restructuring, as long as the following two conditions are met:

-Are necessarily restructuring taxes.

-Not associated with activities that continue in the entity.

For these purposes, a planned and entity-controlled programme of action is understood to be a restructuring, resulting in a significant change in:

-The scope of the activity carried out by the entity, or.

-How to manage your activity.

With a general character, your move is as follows:

a) It will be paid:

to₁) At the birth of the obligation or subsequent changes in its amount that result in an increase in the provision, generally taken into account for subgroups 62 and 64.

to₂) For the amount of any adjustments that arise from the update of values, from the 660 account.

b) Charged:

b₁) When provisioning is applied, with credit, generally, to subgroup 57 accounts.

b₂) For excess provisioning, with credit to account 7956.

16. LONG-TERM DEBT WITH RELATED PARTIES.

160. Long-term debt with related credit institutions.

1603. Long-term debt with credit institutions, group entities.

1604. Long-term debt with credit institutions, associated entities.

1605. Long-term debts to other related credit institutions.

161. Long-term fixed assets suppliers, related parties.

1613. Long-term fixed asset suppliers, group entities.

1614. Long-term immobilised suppliers, associated entities.

1615. Suppliers of long-term fixed assets, other related parties.

162. Long-term financial leasing creditors, related parties.

1623. Long-term financial leasing creditors, group entities.

1624. Long-term financial leasing creditors, associated entities.

1625. Long-term financial leasing creditors, other related parties.

163. Other long-term debt with related parties.

1633. Other long-term debt, group entities.

1634. Other long-term debts, associated entities.

1635. Other long-term debts, with other related parties.

Debts whose maturity is to occur within a period of more than one year, as opposed to entities in the group, multigroup, associates and other related parties, including accrued interest with a maturity of more than one year. In this sub-group, the accounts of three or more figures to be developed shall be collected in respect of debts which, by their nature, should be included in sub-groups 17 or 18.

In the event that the debt accrues explicit interest with a maturity of more than one year, the accounts necessary to identify them shall be created, and the balance sheet shall be included in the balance sheet in which the liability is included. generates them.

The accounts of this subgroup shall be on the non-current liability of the balance sheet.

The share of long-term debt which has a short maturity shall be included in the current liabilities of the balance sheet under the heading 'Debt to group entities and associated with the short term'; the amount shall be transferred to the amount of the balance sheet which represent long-term debts with short maturity to the relevant accounts of subgroup 51.

160. Long-term debt with related credit institutions.

Contracted with credit institutions linked by loans received and other debits, with a maturity of more than one year.

The four-figure cited accounts move is as follows:

1603/1604/1605.

a) They will be paid:

to₁₎ To the formalization of the debt or loan, for the amount received, mined in the transaction costs, usually charged to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

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

It will be included with due development in accounts of five or more figures, the amount of long-term debts for discounted effects.

161. Long-term fixed assets suppliers, related parties.

Debts to related parties as suppliers of goods defined in Group 2, including those formalised for spin purposes, with a maturity of more than one year.

The four-figure cited accounts move is as follows:

1613/1614/1615.

a) They will be paid:

to₁) By the receipt of the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) They shall be charged for the early, total or partial cancellation of debts, with credit, generally, to the accounts of subgroup 57.

162. Long-term financial leasing creditors, related parties.

Debts with a maturity of more than one year with related parties in the capacity of transferors of the use of goods in agreements to be classified as financial leases in the terms of the registration rules and assessment.

The four-figure cited accounts move is as follows:

1623/1624/1625.

a) They will be paid:

to₁) By the receipt pursuant to the right of use on the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) They shall be charged for the early, total or partial cancellation of debts, with credit, generally, to the accounts of subgroup 57.

163. Other long-term debt with related parties.

Contracted with related parties by loans received and other debits not included in other accounts of this subgroup, with maturity exceeding one year.

1633/1634/1635.

The movement of the quoted four-digit accounts is analogous to the one pointed out for account 160.

17. LONG-TERM DEBTS FOR LOANS RECEIVED, BORROWINGS AND OTHER CONCEPTS.

170. Long-term debt with credit institutions.

171. Long-term debts.

172. Long-term debts that can be transformed into grants, donations and legacies.

173. Providers of fixed assets in the long term.

174. Creditors for long-term financial leasing.

175. Long-term effects to be paid.

176. Liabilities for long-term financial derivatives.

1765. Liabilities for long-term financial derivatives, trading book.

1768. Liabilities for long-term financial derivatives, hedging instruments.

177. Bonds and bonds.

179. Debts represented in other marketable securities.

Long-term foreign financing contracted with third parties that do not have a rating of related parties, including accrued interest with a maturity of more than one year. The issuance and subscription of the marketable securities shall be recorded in the form that the entities have as appropriate while the securities are found in the subscription period.

In the event that the debt accrues explicit interest with a maturity of more than one year, the accounts necessary to identify them shall be created, and the balance sheet shall be included in the balance sheet in which the liability is included. generates them.

The accounts of this subgroup shall be on the non-current liability of the balance sheet.

The share of long-term debt that has a short maturity shall be included in the current liabilities of the balance sheet under the heading 'Short-term debt'. For this purpose, the amount representing the long-term debt shall be transferred to the balance sheet. short term maturity of the relevant accounts of the sub-groups 50 and 52.

170. Long-term debt with credit institutions.

Contracted with credit institutions for loans received and other debits, with a maturity of more than one year.

Your move is as follows:

a) It will be paid:

to₁) To the formalization of the debt or loan, for the amount received, mined in the transaction costs, usually charged to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It shall be charged for the anticipated, total or partial refund, with credit, generally, to sub-group 57 accounts.

It will be included, with due development in accounts of four or more figures, the amount of debts for discounted effects.

171. Long-term debts.

Contracted with third parties for loans received and other debits not included in other accounts of this subgroup, with maturity exceeding one year.

Your move is as follows:

a) It will be paid:

to₁) To the formalization of the debt or loan, for the amount received, mined in the transaction costs, usually charged to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) Charged:

b₁) By accepting effects to be paid, with credit to account 175.

b₂) Due to the early, total or partial cancellation of debts, with credit, generally, to the accounts of subgroup 57.

172. Long-term debts that can be transformed into grants, donations and legacies.

Amounts granted by public administrations, both domestic and international, entities or individuals with a grant, donation or reintegrable legacy, with a maturity of more than one year.

Your move is as follows:

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

b) Charged:

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

b₂) If you lose your reintegrable character, credit your balance to accounts 940, 941, or 942 or to subgroup 74 accounts.

173. Providers of fixed assets in the long term.

Debts to suppliers of goods defined in Group 2, with a maturity of more than one year.

Your move is as follows:

a) It will be paid:

to₁) By the receipt of the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) Charged:

b₁) By accepting effects to be paid, with credit to account 175.

b₂) Due to the early, total or partial cancellation of debts, with credit, generally, to the accounts of subgroup 57.

174. Creditors for long-term financial leasing.

Debts with a maturity of more than one year with other entities as a transferor of the use of goods, in agreements to be classified as financial leases in the terms of the registration rules and assessment.

a) It will be paid:

to₁) By the receipt pursuant to the right of use on the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It shall be charged for the early cancellation, in whole or in part, of the debts, with credit, generally, to the accounts of subgroup 57.

175. Long-term effects to be paid.

Debts incurred by loans received and other debits with maturity of more than one year, instrumented by spin effects, including those that originate from supplies of fixed assets.

Your move is as follows:

a) It will be paid:

to₁) When the entity accepts the effects, generally, with charge, to accounts in this subgroup.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It shall be charged for the advance payment of the effects, with credit, generally, to sub-group 57 accounts.

176. Liabilities for long-term financial derivatives.

Amount corresponding to the financial derivative transactions with an unfavourable valuation for the institution with a settlement period of more than one year. Also included are the implied derivatives of hybrid financial instruments acquired, issued or assumed, that meet the criteria for inclusion in this account, with the creation of accounts of four or more figures that identify that is an implicit derivative.

In particular, the premiums charged in options transactions shall be collected in this account, as well as, as a general rule, changes in the fair value of the financial derivatives liabilities to which the institution operates: options, futures, financial swaps, foreign currency trading, etc.

1765. Liabilities for long-term financial derivatives, trading book.

Your move is as follows:

a) It will be paid:

to₁) For the amount received at the time of the hiring, generally held to account for subgroup 57.

to₂) For any losses that are generated in the exercise, from account 6630.

b) Charged:

b₁) For earnings that are generated in the financial year up to the limit of the amount for which the derivative was recorded on the liability in the previous financial year, with credit to account 7630.

b₂) For the amounts satisfied at the time of settlement, with credit, generally, to the accounts of subgroup 57.

1768. Liabilities for long-term financial derivatives, hedging instruments.

Your move is as follows:

(a) It shall be paid for the amount received at the time of the procurement, usually from the accounts of subgroup 57.

(b) When the derivative is used as a hedging instrument, in fair value coverage:

b₁) It will be loaded:

(i) For earnings that are generated in the financial year when applying the rules governing hedge accounting, up to the limit of the amount by which the derivative was recorded in the liability in the previous financial year, with credit to an account which shall be charged to the profit and loss account in the same item in which the losses incurred in the items covered are included in the assessment of the risk covered by its fair value.

(ii) At the time when the asset is acquired or the liabilities covered are assumed, with credit to the accounts in which such assets are accounted for.

b₂) It shall be paid for any losses incurred in the financial year when applying the rules governing the accounting for hedges, with an account to be charged to the profit or loss account in the same item as the earnings that are generated in the covered items are included in the assessment of the risk covered by their fair value.

(c) Where the derivative is used as a hedging instrument, in other hedging operations, on the effective part, it shall be charged or paid, for the gain or loss generated in the financial year when applying the rules governing the accounting for hedges, with credit or charge, to the accounts of subgroup 91 and 81, respectively, and for the ineffective part, to accounts 7633 and 6633.

(d) It shall be charged for the amounts satisfied at the time of settlement, with credit, generally, to sub-group 57 accounts.

177. Bonds and bonds.

Obligations and bonds in circulation.

Your move is as follows:

a) It will be paid:

to₁) At the time of issue, for the amount received, minorted on transaction costs, charged to subgroup 57 accounts.

to₂) For the financial expense incurred until the debt repayment value is reached, generally taken into account 661.

(b) The amount shall be charged to reimburse the securities for the early repayment, in whole or in part, of the securities, with credit, generally, to the account 509 and, where applicable, account 775.

179. Debts represented in other marketable securities.

Other financial liabilities represented in marketable securities, offered to public savings, other than those above.

Its content and movement is analogous to the one pointed out for account 177.

18. LIABILITIES FOR BONDS, GUARANTEES AND OTHER LONG-TERM CONCEPTS.

180. Bonds received in the long term.

181. Advances received by long-term sales or service performance.

185. Long-term received deposits.

189. Long-term financial guarantees.

The accounts of this subgroup shall be on the non-current liability of the balance sheet.

The share of securities, advances and deposits received and financial guarantees granted in the long term whose maturity or extinction is expected in the short term shall be included in the current liabilities of the balance sheet under the heading " Debt to short term "or" short-term periods " as appropriate; for these purposes the amount representing the bonds, advances, deposits received and financial guarantees granted in the long term with short maturity to the corresponding accounts in subgroup 48 or 56.

180. Bonds received in the long term.

Cash received as a guarantee of compliance with an obligation, longer than one year.

With a general character, your move is as follows:

a) It will be paid:

to₁) To the constitution, by the fair value of the financial liability, from account of subgroup 57.

to₂) For the accrued financial expense until you reach the bond redemption value, generally charged to account 662.

b) Charged:

b₁) To early cancellation, with credit to subgroup 57 accounts.

b₂) For non-compliance with the established obligation to determine losses on the bond, with credit to account 759.

181. Advances received by long-term sales or service performance.

Amount received "on account" of future sales or service capabilities.

With a general character, your move is as follows:

a) It will be paid:

to₁) For the amount received from the accounts in subgroup 57.

to₂) For the amount of the adjustments that arise from the update of its value, generally taken into account 662.

b) It will be charged when the income is due, with credit to the accounts of the subgroup 70.

185. Long-term received deposits.

Cash received as an irregular deposit, longer than one year.

With a general character, your move is as follows:

a) It will be paid:

to₁) To the constitution, by the fair value of the financial liability, from account of subgroup 57.

to₂) For the accrued financial expense until you reach the refund value of the deposit, generally charged to account 662.

b) Early cancellation will be charged, with credit to sub-group 57 accounts.

189. Long-term financial guarantees.

Financial guarantees granted by the institution over a period of more than one year. In particular, endorsements granted, provided that their registration does not apply in subgroup 14.

With a general character, your move is as follows:

a) It will be paid:

to₁) To the constitution, by the fair value of the financial liability, from account of subgroup 57.

to₂) For accrual financial expense, generally, to account 662.

to₃) By increasing the obligation, with account 669.

b) Charged:

b₁) By the decrease in the obligation and by the earned income, with credit to account 769.

b₂) To early cancellation, with credit to subgroup 57 accounts.

GROUP 2

Non-current active

comprises assets intended to serve in a lasting manner in the activities of the institution, including financial investments whose maturity, disposal or completion is expected to occur within a period of more than one year. year.

In particular, the following rules apply:

(a) This group also includes financial derivatives with a favourable valuation for the entity of both hedging and trading when its settlement is over one year.

(b) In accordance with the rules for the drawing up of annual accounts, this group cannot include the long-term financial assets to be classified at the time of their initial recognition in the 'Financial assets held to be traded' for meeting the requirements set out in the rules for registration and valuation, except for financial derivatives for which the settlement period is longer than one year.

(c) The accounts of four or more figures shall be developed which are necessary to differentiate the different categories in which the financial assets have been included in accordance with the rules of registration and assessment.

(d) If hybrid financial assets are acquired in accordance with the rules of registration and valuation as a whole at fair value, they shall be included in the account corresponding to the nature of the main contract, for which it will be created with due breakdown, accounts of four or more figures identifying that this is a long-term hybrid financial asset valued jointly. Where the main contract and the implicit derivative are recognised separately, the principal contract and the underlying derivative contract shall be treated as if it had been independently contracted and shall be included in the group 1, 2 or 5 account and the main contract shall be included in the account corresponding to its nature, being developed with due breakdown of four or more figures identifying that this is a long-term hybrid financial principal contract.

(e) An account that collects financial assets classified in the category of "Other financial assets at fair value with changes in the surplus of the financial year" shall be charged or paid for the changes in fair value, with credit or charge, respectively, to accounts 763 and 663.

(f) An account that collects a non-current asset which, in accordance with the seventh registration and valuation standard, is to be classified as a non-current asset held for sale or is part of a qualifying group of items held for sale shall be paid at the time the conditions for their classification are met, with the respective account of the subgroup 58.

g) The difference between the value for which the financial assets are initially recognised and their redemption value shall be recorded as a charge (or, where applicable, as a credit) in the account where the asset is registered financial with credit (or charge) to the account of the subgroup 76 corresponding to the nature of the instrument.

20. INTANGIBLE FIXED ASSETS.

200. Research.

201. Development.

202. Administrative concessions.

203. Industrial property.

204. Goodwill.

205. Transfer rights.

206. Computer applications.

207. Rights to assets that are in use.

209. Advances for intangible fixed assets.

Intangible fixed assets are non-cash assets without physical appearance that are subject to economic valuation, as well as advances to be provided to suppliers of these immobilized.

In addition to the aforementioned intangible elements, there are other elements of this nature that will be recognized as such on balance, as long as they meet the conditions outlined in the Conceptual Framework of Accounting. as the requirements specified in the registration and valuation rules. Among others, the following: commercial rights, intellectual property or licenses. For your registration, an account will be opened in this subgroup whose movement will be similar to the one described below for the remaining intangible fixed assets.

The accounts for this subgroup will be in the non-current asset of the balance sheet.

200. Research.

It is the original and planned inquiry that seeks to discover new knowledge and superior understanding of the existing ones in the scientific or technical fields. It contains the research expenses activated by the entity, in accordance with the rules of registration and valuation of this text.

Your move is as follows:

(a) The amount of the costs to be included in this account shall be charged with credit to the account 730.

(b) It shall be paid for the discharge of the asset, if any, from account 670.

When it comes to research by order to other entities or to Universities or other institutions dedicated to scientific or technological research, the movement of account 200, is also the one that has been indicated.

201. Development.

It is the concrete application of the achievements obtained from research or any other type of scientific knowledge, to a particular plan or design for the production of materials, products, methods, processes or systems new, or substantially improved, until production is started.

Contains the development expenses activated by the entity in accordance with the rules for recording and evaluating this text.

Your move is as follows:

(a) The amount of the costs to be included in this account shall be charged with credit to the account 730.

b) It will be paid:

b₁) Down the asset, if any, from the 670 account.

b₂) For the positive results and, if applicable, entered in the corresponding Public Registry, with count 203 or 206, as applicable.

When it comes to development by order to other entities or to Universities or other institutions dedicated to scientific or technological research, the movement of account 201, is also the one that has been indicated.

202. Administrative concessions.

Expenses incurred in obtaining the rights of research or exploitation granted by the State or other Public Administrations, or the purchase price of those concessions that may be transmitted.

Your move is as follows:

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

(b) It shall be paid for the securities and in general for its discharge from the asset, generally charged to the accounts of subgroup 57 and in the event of losses to the account 670.

203. Industrial property.

Amount satisfied by the property or by the right to use or to grant the use of the various manifestations of industrial property, in cases where, by the stipulations of the contract, they must be invented by the acquiring institution. This concept includes, among others, patents for invention, certificates of protection of utility models and patents for introduction.

This account shall also include expenditure incurred in development where the results of the respective projects undertaken by the institution are positive and, in compliance with the necessary legal requirements, are included in the corresponding Record.

Your move is as follows:

a) It will be loaded:

to₁) By acquisition to other entities, with credit, generally, to subgroup 57 accounts.

to₂) By being positive and enrolled in the corresponding Public Registry, the development results, with credit to account 201.

to₃) For the outlays required for registration in the corresponding Register, with credit, generally, to subgroup 57 accounts.

(b) It shall be paid for the disposal and in general for the discharge of the asset, usually carried out at the accounts of subgroup 57 and in the case of losses to the account 670.

204. Goodwill.

It is the excess, at the date of acquisition, of the cost of the business combination on the corresponding value of the identifiable assets acquired less that of the liabilities assumed. As a result, the goodwill will only be recognised when it has been acquired for consideration, and corresponds to future economic benefits from assets that have not been individually identified and recognised by separated.

Your move is as follows:

(a) The amount resulting from the application of the acquisition method shall be debited, with credit, generally, to the accounts of subgroup 57, or to account 553.

b) It will be paid:

b₁) For the amount of the estimated impairment, charge the account 690.

b₂) By enajenations and in general by the asset's low, generally charged to the accounts of subgroup 57 and in case of losses to the account 670.

205. Transfer rights.

Amount satisfied by the lease rights of premises, in which the acquirer and new tenant, is subrogated to the rights and obligations of the transferor and former tenant arising from a previous contract.

Your move is as follows:

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

(b) It shall be paid for the securities and in general for its discharge from the asset, generally charged to the accounts of subgroup 57 and in the event of losses to the account 670.

206. Computer applications.

Amount satisfied by the ownership or by the right to the use of computer programs acquired from third parties as well as by the entity itself. It also includes the development costs of the web pages, provided that their use is foreseen during several exercises.

Your move is as follows:

a) It will be loaded:

to₁) By acquisition to other entities, with credit, generally, to subgroup 57 accounts.

to₂) By own processing, with credit to account 730 and, if applicable, account 201.

(b) It shall be paid for the securities and in general for its discharge from the asset, generally charged to the accounts of subgroup 57 and in the event of losses to the account 670.

207. Rights to assets that are in use.

Value of the right of use on assets or assets, which the entity uses in the development of its activity.

The movement of this account shall be carried out in accordance with the provisions of the 20th Registration and Valuation Standard included in the second part of this Plan.

209. Advances for intangible fixed assets.

Deliveries to suppliers and other suppliers of intangible fixed assets, usually in cash, in the form of "on account" of supplies or future work.

With a general character, your move is as follows:

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

(b) It shall be paid for the corresponding deliveries in accordance, generally taken into account in this subgroup.

21. TANGIBLE FIXED ASSETS.

210. Land and natural assets.

211. Constructs.

212. Technical installations.

213. Machinery.

214. Tools.

215. Other facilities.

216. Furniture.

217. Teams for information processes.

218. Transport elements.

219. Other tangible fixed assets.

Tangible asset items represented by goods, furniture, or real estate, except those that are to be classified in other subgroups, in particular in subgroup 22.

The accounts for this subgroup will be in the non-current asset of the balance sheet.

Your move is as follows:

(a) They shall be charged for the purchase price or production cost or for their change of use, with credit, generally, to the accounts of subgroups 22 or 57, account 731 or, where applicable, to the accounts of subgroup 23.

(b) They shall be paid for the disposal, for their change of use and in general for their discharge from the asset, usually from the accounts of the sub-groups 22 or 57 and in the case of losses to account 671.

210. Land and natural assets.

Solar urban nature, rustic land, other non-urban land, mines and quarries.

211. Constructs.

Buildings in general whatever their destination within the entity's productive activity.

212. Technical installations.

Complex units of use specialized in the production process, comprising: buildings, machinery, material, parts or elements, including computer systems which, while being separable by nature, are linked definitively for its operation and subject to the same rate of depreciation; spare parts or spare parts for such installations shall also be included.

213. Machinery.

A set of machines or equipment by which products are extracted or processed.

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

214. Tools.

Set of utensils or tools that can be used autonomously or in conjunction with machinery, including molds and templates.

Annual regularisation (by physical count) to which the registration and valuation rules relate will require the credit of this account, which is charged to account 659.

215. Other facilities.

A set of elements permanently linked to their operation and subject to the same rate of depreciation, other than those mentioned in the account 212; they shall also include spare parts or spare parts whose validity is exclusive for this type of facility.

216. Furniture.

Furniture, equipment and office equipment, with the exception of those to be included in account 217.

217. Teams for information processes.

Computers and other electronic assemblies.

218. Transport elements.

Vehicles of all kinds usable for land, sea or air transport of persons, animals, materials or goods, except those to be recorded in the account 213.

219. Other tangible fixed assets.

Any other tangible assets not included in the other accounts of subgroup 21. Packaging and packaging which by its characteristics must be considered as fixed and the parts for fixed assets with a storage cycle of more than one year shall be included in this account.

22. REAL ESTATE INVESTMENTS.

220. Investments in land and natural assets.

221. Investments in constructions.

Non-current assets that are real and owned for rent, plusses, or both, rather than for:

-Your use in the production or supply of goods or services, or for administrative purposes; or.

-Your sale in the ordinary course of operations.

The accounts for this subgroup will be in the non-current asset of the balance sheet.

Your move is as follows:

(a) They shall be charged for the purchase price or production cost or for their change of use, with credit, generally, to the accounts of subgroups 21 or 57 or account 732.

(b) They shall be paid for the disposal, for their change of use and in general for their discharge from the asset, usually from the accounts of sub-groups 21 or 57 and in the case of losses to account 672.

23. TANGIBLE FIXED ASSETS.

230. Adaptation of land and natural assets.

231. Builds in progress.

232. Technical installations in assembly.

233. Machinery in assembly.

237. Equipment for mounting information processes.

239. Advances for tangible fixed assets.

The accounts for this subgroup will be in the non-current asset of the balance sheet.

230/237.

Adaptation, construction or assembly work at the end of the financial year carried out prior to the operation of the various elements of the fixed assets, including those made in properties.

Your move is as follows:

a) They will be loaded:

to₁) By receiving works and jobs that correspond to the ongoing inmobilizations.

to₂) For the works and jobs that the entity carries out for itself, with credit to account 733.

(b) These works and works shall be paid upon completion of the work, from the accounts of the subgroup 21.

239. Advances for tangible fixed assets.

Deliveries to suppliers and other suppliers of items of tangible fixed assets, usually in cash, in the form of "on account" of supplies or future work.

With a general character, your move is as follows:

a) It will be charged for cash deliveries to suppliers, with credit, generally, to subgroup 57 accounts.

(b) It shall be paid for the corresponding deliveries in accordance, generally with the accounts of this subgroup and of the subgroup 21.

24. ASSETS OF HISTORICAL HERITAGE.

240. Real Estate.

2400. Monuments.

2401. Historic gardens.

2402. Historical sets.

2403. Historical sites.

2404. Archaeological zones.

241. Files.

242. Libraries.

243. Museums.

244. Movable property.

249. Advances on Property of Historic Heritage.

2490. Advances on Real Estate of Historical Heritage.

2491. Advances on archives of the Historical Heritage.

2492. Advances on libraries of the Historical Heritage.

2493. Advances on museums of the Historical Heritage.

2494. Advances on movable property of the Historical Heritage.

Property elements movable or immovable of artistic, historical or paleontological, archaeological, ethnographic, scientific or technical, as well as bibliographic documentary heritage, deposits, archaeological zones, natural sites, gardens and parks that have artistic, historical or anthropological value.

In particular, all goods that meet the conditions required by Law 16/1985 of 25 June of Historical Heritage, regardless of whether they have been inventoried or declared of interest, will be included in this subgroup. cultural.

The accounts for this subgroup will be in the non-current asset of the balance sheet.

The movement of this subgroup, except for account 249, is as follows:

(a) They shall be charged for the purchase price or production cost, with credit generally, to the accounts of subgroup 57 or, if applicable, to account 249.

(b) They shall be paid for the enajenations and in general on the basis of the generally low inventory, to the accounts of subgroup 57 and in case of losses to account 671.

240. Real Estate.

Those listed in Article 334 of the Civil Code, as well as the elements which may be considered to be of use with the buildings and form part of the buildings or their exorno, or have been formed, even if in the case of being Apart from being a perfect application to other constructions or uses other than their original, whatever the matter of which they are formed and even if their separation does not visibly prejudice the historical or artistic merit of the property to which they are attached.

241. Files.

Organic sets of documents, or the meeting of several of them, gathered by legal persons, public or private, in the exercise of their activities, in the service of their use for research, culture, information and administrative management.

242. Libraries.

Sets or collections of books, manuscripts and other bibliographic materials or reproduced by any means for reading in public room or through temporary loan, in the service of education, research, culture and information.

243. Museums.

Sets and collections of historical, artistic, scientific and technical value or any other cultural nature.

244. Movable property.

Movable property uniquely considered, not susceptible to integration in any of the organized sets or collections included in the other accounts of the subgroup 24.

249. Advances on Property of Historic Heritage.

Deliveries to suppliers of goods of the Historical Heritage, usually in cash, in terms of "on account" of future supplies.

With a general character, your move is as follows:

a) It will be charged for cash deliveries to suppliers, with credit, generally, to subgroup 57 accounts.

(b) It shall be paid for the corresponding deliveries to the accounts of this sub-group, with a general charge.

25. LONG-TERM FINANCIAL INVESTMENTS IN RELATED PARTIES.

250. Long-term shareholdings in related parties.

2503. Long-term holdings in group entities.

2504. Long-term shareholdings in associated entities.

2505. Long-term interests in other related parties.

251. Representative long-term debt securities of related parties.

2513. Representative long-term debt securities of group entities.

2514. Representative long-term debt securities of associated entities.

2515. Representative long-term debt securities of other related parties.

252. Long-term credit to related parties.

2523. Long-term credit to group entities.

2524. Long-term credits to partner entities.

2525. Long-term credits to other related parties.

259. Outstanding disbursements on long-term shares in related parties.

2593. Outstanding disbursements on long-term holdings in group entities.

2594. Outstanding disbursements on long-term shareholdings in associated entities.

2595. Outstanding disbursements on long-term shareholdings in other related parties.

Long-term financial investments in entities in the group, multigroup, associated and other related parties, whatever their form of instrumentation, including accrued interest, with a maturity of more than one year or without maturity (such as equity instruments), where the institution does not intend to sell them in the short term. The long-term bonds and deposits constituted and other types of financial assets and long-term investments with these persons or entities shall also be included in this sub-group. These investments will be collected in the accounts of three or more figures to be developed.

In the event that the debt securities or claims bear explicit interest with a maturity of more than one year, the accounts necessary to identify them shall be created and must be included in the balance sheet the starting point in which the asset that generates them is included.

The share of long-term investments, with related persons or entities, having a short maturity shall be included in the current assets of the balance sheet, under the heading " Investments in group entities and associated with short (a) the amount representing the long-term investment with short-term maturity, including the accrued interest, shall be transferred to the relevant accounts of the sub-group 53.

250. Long-term shareholdings in related parties.

Long-term investments in equity rights-with or without listing on a regulated market-of related parties, generally, shares issued by an anonymous company or shares in entities of limited liability.

It will appear in the non-current asset of the balance sheet.

2503/2504. Long-term holdings in entities of the group/in associated entities.

The four-figure cited accounts move is as follows:

a) They will be loaded:

to₁) To the subscription or purchase, with credit, generally, to the accounts of subgroup 57 and, if applicable, account 259.

to₂) Where applicable, at the time the recoverable amount is higher than the accounting value of the investments, up to the limit of the prior negative value adjustments directly imputed to equity, with credit to 991 or 992 accounts.

b) They will be paid:

b₁) Where appropriate, for the amount of the estimated impairment, up to the limit of the prior positive value adjustments directly imputed to equity, from accounts 891 or 892.

b₂) By means of the securities and in general due to their absence from the asset, generally taken into account in subgroup 57, if there are outstanding disbursements to the account 259 or, where applicable, account 539 and in case of losses to the account account 673.

2505. Long-term interests in other related parties.

The movement of the cited account is as follows:

(a) The subscription or purchase will be charged, with credit, generally, to the accounts of subgroup 57 and, if applicable, account 259.

b) It will be paid:

b₁) For the amount of the estimated impairment, at account 696.

b₂) By means of the securities and in general by their discharge from the asset, generally held, to accounts of subgroup 57, if there are outstanding disbursements to the account 259 or, if applicable, to account 539 and in case of losses to the account account 673.

(c) If the shares are classified in the category of "Financial assets available for sale", it shall be charged or paid for the changes in their fair value with credit or charge, respectively, to the accounts 900 and 800.

251. Representative long-term debt securities of related parties.

Long-term investments in bonds, bonds or other debt securities, including those that set their performance on the basis of indices or similar systems, issued by related parties, with maturity more than one year.

It will appear in the non-current asset of the balance sheet.

2513/2514/2515.

Generally speaking, the four-figure quoted accounts move is as follows:

a) They will be loaded:

to₁) To the subscription or purchase, by the acquisition price, excluding the explicit accrued interest and not due, with credit, to the accounts of subgroup 57.

to₂) For the financial income earned until the value of the value is reached, with credit, generally, to account 761.

(b) They shall be paid for the securities, early or low amortisation of the assets of the securities, with charge, to the accounts of the subgroup 57 and in case of losses to the account 666.

(c) If the securities are classified in the category of "Financial assets available for sale", they shall be charged or paid for the changes in fair value, with credit or charge, respectively, to the accounts 900 and 800, except the part corresponding to differences of change to be recorded with credit or charge to accounts 768 and 668. They shall also be charged when the value for the negative balance accumulated in the net worth is impaired, with credit to account 902.

252. Long-term credit to related parties.

Long-term investments in loans and other non-commercial loans, including derivatives of fixed assets, those arising from leasing transactions and long-term impositions, whether or not they are formalised by means of spin, granted to related parties, with a maturity of more than one year. The different appropriations mentioned shall be in five-digit accounts.

It will appear in the non-current asset of the balance sheet.

2523/2524/2525.

The four-figure cited accounts move is as follows:

a) They will be loaded.

to₁) To credit formalization, for the amount of credit, with credit, generally, to subgroup 57 accounts.

to₂) For the financial income earned until the credit repayment value is reached, with credit, generally, to account 762.

(b) They shall be paid for the anticipated, total or partial or low return of the asset, generally payable to the accounts of subgroup 57 and in the event of losses to account 667.

259. Outstanding disbursements on long-term shares in related parties.

Outstanding, non-required disbursements on equity instruments in related parties.

It shall be included in the non-current assets of the balance sheet, by minoring the item in which the relevant units are accounted for.

2593/2594/2595.

The four-figure cited accounts move is as follows:

(a) The purchase or subscription of the equity instruments shall be paid, for the amount outstanding, from the account of the account 250.

(b) They shall be charged for the disbursements that are required, with credit to account 556 or account 250 for outstanding balances when they are in full undisbursed equity instruments.

26. OTHER LONG-TERM FINANCIAL INVESTMENTS.

260. Long-term financial investments in equity instruments.

261. Long-term representative debt securities.

262. Long-term credits.

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

264. Long-term credit to staff.

265. Assets for long-term financial derivatives.

2650. Assets for long-term financial derivatives, trading book.

2653. Assets for long-term financial derivatives, hedging instruments.

267. Reimbursement entitlements arising from insurance contracts relating to long-term remuneration to staff.

268. Long-term impositions.

269. Outstanding disbursements on equity holdings in the long-term net worth.

Long-term financial investments not related to related parties, whatever their form of instrumentation, including accrued interest, with a maturity of more than one year or without maturity (such as equity instruments), where the institution does not intend to sell them in the short term.

In the event that the debt securities or claims bear explicit interest with a maturity of more than one year, the accounts necessary to identify them shall be created and must be included in the balance sheet the starting point in which the asset that generates them is included.

The share of long-term investments that have a short maturity must be included in the current balance sheet asset under the heading 'Short-term financial investments'; for these purposes, the amount representing the long-term investment with short maturity, including the accrued interest, to the relevant accounts of the subgroup 54.

260. Long-term financial investments in equity instruments.

Long-term investments in equity rights-shares with or without listing on a regulated market or other securities, such as, shares in collective investment institutions, or shares in entities of limited liability-of entities that do not have the consideration of related parties.

It will appear in the non-current asset of the balance sheet.

Your move is as follows:

(a) The subscription or purchase will be charged, with credit, generally, to the accounts of subgroup 57 and, where applicable, account 269.

b) It will be paid:

b₁) For the amount of the estimated impairment, at account 696.

b₂) By means of the securities and in general due to their absence from the asset, generally charged to the accounts of subgroup 57, if there are outstanding disbursements to account 269 or, where applicable, account 549 and in case of losses to the account 666 account.

(c) If the investment is classified in the category of "Financial assets available for sale", it shall be charged or paid for the changes in fair value, with credit or charge, respectively, at the accounts 900 and 800.

261. Long-term representative debt securities.

Long-term investments in bonds, bonds or other debt securities, including those that set their performance on the basis of indices or similar systems.

When securities entered into or acquired have been issued by related parties, the investment shall be reflected in account 251.

It will appear in the non-current asset of the balance sheet.

With a general character, your move is as follows:

a) It will be loaded:

to₁) To the subscription or purchase, by the acquisition price, excluding the explicit accrued interest and not due, with credit, to the accounts of subgroup 57.

to₂) For the financial income earned until the value of the value is reached, with credit, generally, to account 761.

(b) It shall be paid for the securities, early or low amortisation of the assets of the securities, with charge, to the accounts of the subgroup 57 and in case of losses to the account 666.

(c) If the securities are classified in the category of "Financial assets available for sale", it shall be charged or paid for the changes in their fair value, with credit or charge, respectively, to the accounts 900 and 800, except for a part corresponding to differences of change to be recorded with credit or charge to accounts 768 and 668. It shall also be charged when the value for the negative balance accumulated in the net worth is impaired, with credit to account 902.

262. Long-term credits.

Loans and other non-commercial loans granted to third parties, including those formalised by way of turn, with a maturity of more than one year.

When the credits have been agreed with related parties, the investment will be reflected in the account 252.

It will appear in the non-current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) To credit formalization, for the amount of credit, with credit, generally, to subgroup 57 accounts.

to₂) For the financial income earned until the credit repayment value is reached, with credit, generally, to account 762.

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

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

Credits to third parties whose maturity is greater than one year, with origin in the disposal of fixed assets.

When credit for the disposal of fixed assets has been agreed with related parties, the investment shall be reflected in the account 252.

It will appear in the non-current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) For the amount of such credits, excluding any interest that would otherwise have been agreed, with credit to group 2 accounts.

to₂) For the financial income earned until the credit repayment value is reached, with credit, generally, to account 762.

(b) It shall be paid to the cancellation, in whole or in part or in part, of the asset, in charge, generally, to the accounts of subgroup 57 and in the event of losses to account 667.

264. Long-term credit to staff.

Credits granted to the staff of the institution, which does not have a related party rating, the maturity of which is greater than one year.

It will appear in the non-current asset of the balance sheet.

Your movement is analogous to the one pointed out for account 262.

265. Assets for long-term financial derivatives.

Amount corresponding to the financial derivative transactions with a favourable valuation for the institution with a settlement period of more than one year. Also included are the implied derivatives of hybrid financial instruments acquired, issued or assumed, that meet the criteria for inclusion in this account, with the creation of accounts of four or more figures that identify that is an implicit derivative.

In particular, premiums paid in options, as well as, in general, changes in the fair value of the assets by financial derivatives with which the institution operates shall be collected in particular: options, futures, financial swaps, foreign currency trading, etc.

It will appear in the non-current asset of the balance sheet.

2650. Assets for long-term financial derivatives, trading book.

Your move is as follows:

a) It will be loaded:

to₁) For the amounts satisfied at the time of the hiring, with credit, generally, to subgroup 57 accounts.

to₂) For the earnings that are generated in the exercise, with credit to account 7630.

b) It will be paid:

b₁) For any losses incurred in the financial year up to the limit of the amount for which the derivative was recorded in the asset in the previous financial year, with the account of the account 6630.

b₂) For the amount received at the time of settlement, generally held at the accounts of subgroup 57.

2653. Assets for long-term financial derivatives, hedging instruments.

Your move is as follows:

a) It will be charged for the amounts satisfied at the time of the hiring, with credit, generally to the accounts of subgroup 57.

(b) When the derivative is used as a hedging instrument, in fair value coverage:

b₁) You will be charged for the earnings that are generated in the exercise when you apply the rules governing hedge accounting, with credit to an account that will be charged to the income account in the same item as the losses that are generated in the covered items are included in the assessment of the covered irrigation at fair value.

b₂) It will be paid:

(i) For losses incurred in the financial year when applying the rules governing the accounting of hedges, up to the limit of the amount for which the derivative was recorded in the asset in the previous financial year, with a charge an account to be charged to the profit or loss account in the same item in which the earnings that are generated in the covered items are included in the assessment of the risk covered by its fair value.

(ii) At the time the asset is acquired or the liability is assumed to be covered, by the accounts in which the assets are accounted for.

(c) Where the derivative is used as a hedging instrument, in other hedging operations, on the effective part, it shall be charged or paid, for the gain or loss generated in the financial year when applying the rules governing the accounting for hedges, with credit or charge, to the accounts of subgroup 91 and 81, respectively, and for the ineffective part, to accounts 7633 and 6633.

(d) It shall be paid for the amount received at the time of settlement, generally held at the accounts of subgroup 57.

267. Reimbursement entitlements arising from insurance contracts relating to long-term remuneration to staff.

Refund rights payable to an insurance institution, which does not meet the requirements to be qualified as an asset in accordance with the provisions of the registration and valuation rules must be recognised in the asset from the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) For the amounts satisfied in premium concept, with credit, generally, to subgroup 57 accounts.

to₂) For the recognition of actuarial gains, with credit to the account 950, in case of post-employment retributions, a sub-group 64 account must be paid in the remaining long-term remuneration to the personnel.

to₃) For the expected return on refund rights, with credit to account 767.

b) It will be paid:

b₁) By the provision that is made from the chargeback right, charged to account 140, or from accounts in subgroup 57.

b₂) For the recognition of actuarial losses, under account 850, in the case of post-employment retributions, a sub-group 64 account should be charged in the remaining long-term remuneration to the personnel.

b₃) For excess value of the refund right that involves a direct refund, from a sub-group 57 accounts.

268. Long-term impositions.

Favorable balances in Banks and Credit Institutions formalized by means of "term account" or similar, with maturity of more than one year and in accordance with the conditions governing the financial system.

When the forward impositions have been agreed with related credit institutions, the investment shall be reflected in the account 252.

It will appear in the non-current asset of the balance sheet.

Your move is as follows:

a) It will be charged to formalization, for the amount delivered.

b) You will be paid for the recovery or early transfer of funds.

269. Outstanding disbursements on equity holdings in the long-term net worth.

Outstanding, non-required disbursements on equity instruments of entities that do not have the consideration of related parties.

It shall be included in the non-current assets of the balance sheet, by minoring the item in which the relevant units are accounted for.

Your move is as follows:

(a) The acquisition or subscription of the equity instruments shall be paid, for the amount outstanding, to be charged to the account 260.

(b) It shall be debited from the disbursements that are required, with credit to account 556 or account 260 for outstanding balances when undisbursed equity instruments are in full.

27. LONG-TERM ESTABLISHED BONDS AND DEPOSITS.

270. Long-term established bonds.

275. Long-term, constituted deposits.

The accounts for this subgroup will be in the non-current asset of the balance sheet.

The share of long-term deposits and deposits that have a short maturity must be included in the current balance sheet asset under the heading "Short-term financial investments"; for these purposes the amount shall be transferred represent long-term securities and deposits with short maturity to the relevant accounts of subgroup 56.

270. Long-term established bonds.

Cash delivered as a guarantee of compliance with an obligation, longer than one year.

With a general character, your move is as follows:

a) It will be loaded:

to₁) To the constitution, by the fair value of the financial asset, with credit to sub-group 57 accounts.

to₂) For the accrued financial income until you reach the redemption value of the bonds with credit, generally, to account 762.

b) It will be paid:

b₁) By early cancellation, from account of subgroup 57.

b₂) For non-compliance with the established obligation to determine losses on the bond, at account 659.

275. Long-term, constituted deposits.

Cash delivered as an irregular deposit with a term of more than one year.

With a general character, your move is as follows:

a) It will be loaded:

to₁) To the constitution, by cash delivered, with credit to subgroup 57 accounts.

to₂) For the accrued financial income until reaching the reimbursement value of the deposits with credit, generally, to account 762.

b) You will be paid for early cancellation, from account of subgroup 57.

28. CUMULATIVE DEPRECIATION OF FIXED ASSETS AND OTHER CORRECTIVE ACCOUNTS.

280. Accumulated amortization of intangible fixed assets.

281. Accumulated depreciation of tangible fixed assets.

282. Cumulative amortization of real estate investments.

283. Use disposals without consideration.

Accounting expression of the time distribution of investments in fixed assets for their intended use in the production process and real estate investments.

The accumulated write-downs recorded in this subgroup shall be shown in the balance sheet asset by minoring the item in which the corresponding asset item is accounted for.

In this subgroup, the value adjustments of the assets derived from the disposals of use without consideration or by a consideration lower than the market value shall also be accounted for in this subgroup.

280. Accumulated amortization of intangible fixed assets.

Value correction for the depreciation of intangible fixed assets in accordance with a systematic plan.

Your move is as follows:

(a) It shall be paid for the annual allocation, with the account of 680.

(b) It shall be debited when the intangible fixed asset is entered or the asset is debased for any other reason, with credit to the accounts of the subgroup 20.

281. Accumulated depreciation of tangible fixed assets.

Value correction for the depreciation of tangible fixed assets in accordance with a systematic plan.

Your move is as follows:

(a) It shall be paid for the annual allocation, under account 681.

(b) It shall be debited when the tangible fixed assets are put in place or the asset is debased for any other reason, with credit to sub-group 21 accounts.

282. Cumulative amortization of real estate investments.

Value correction for depreciation of real estate investments made in accordance with a systematic plan.

Your movement is as follows.

(a) It shall be paid for the annual allocation, under account 682.

(b) It will be charged when the real estate investment is sold or is discharged from the asset for any other reason, with credit to sub-group 22 accounts.

283. Use disposals without consideration.

Value corrective account for non-cash disposals made without consideration or/and when the lease occurs for a period less than the life of the transferred asset.

In the event that the assignment affects a heritage item other than the land or buildings, a four-digit account will be created that will show a negative sign compensating for the item in which the item is displayed. element.

Your move is as follows:

(a) The transfer of the non-cash asset shall be paid out of an amount equal to the amounts to the amortisation which it would have been necessary to practise during the period of the transfer of the asset, with account of account 651.

b) It will be charged as the service potential of the transferred asset is consumed, reclassified with credit to sub-group 28 accounts.

29. NON-CURRENT ASSET VALUE IMPAIRMENT.

290. Impairment of intangible fixed assets.

291. Impairment of the value of tangible fixed assets.

292. Deterioration in the value of real estate investments.

293. Impairment of long-term value of shares in related parties.

2933. Impairment of long-term interest in group entities.

2934. Impairment of long-term interest in associated entities.

294. Impairment of value of representative long-term debt securities of related parties.

2943. Impairment of the value of representative long-term debt securities of group entities.

2944. Impairment of the value of representative long-term debt securities of associated entities.

2945. Impairment of the value of representative long-term debt securities of other related parties.

295. Impairment of long-term credit value to related parties.

2953. Impairment of long-term credit value to group entities.

2954. Impairment of long-term credit value to associated entities.

2955. Impairment of long-term credit value to other related parties.

297. Impairment of the value of representative long-term debt securities.

298. Impairment of long-term credit value.

299. Deterioration of the value of property of the Historical Heritage.

Accounting expression of value-driven value corrections due to the value impairments of the non-current asset items.

The estimation of such losses should be performed systematically over time. In the case of subsequent recoveries of value, in the terms set out in the relevant registration and valuation rules, the recognised impairment value adjustments shall be reduced to their full recovery, if so proceed in accordance with the provisions of those rules.

The accounts of this subgroup shall be included in the non-current balance sheet asset by minoring the item on which the relevant asset item is listed.

290/291/292. Impairment of fixed assets.

Amount of the value impairment corrections that correspond to intangible fixed assets, tangible fixed assets, and real estate investments.

Your move is as follows:

(a) They shall be paid for the amount of the estimated impairment, payable to the accounts 690, 691 or 692.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to the accounts 790, 791, or 792, are removed.

b₂) When the quiesced or is discharged from the asset for any other reason, with credit to subgroup 20, 21, or 22 accounts.

293. Impairment of long-term value of shares in related parties.

Amount of value impairment valuation corrections that corresponds to long-term holdings in group entities and associates.

2933/2934.

The four-figure cited accounts move is as follows:

(a) They shall be paid for the amount of the estimated impairment to be charged to the profit or loss account in accordance with the provisions of the registration and valuation rules, under account 696.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to account 796, disappear.

b₂) When the financial immobilized or is discharged from the asset for any other reason, with credit to the accounts of the subgroup 25.

294. Impairment of value of representative long-term debt securities of related parties.

Amount of the value impairment valuation corrections that corresponds to long-term investments in debt securities issued by persons or entities that have the status of related parties.

2943/2944/2945.

The four-figure cited accounts move is as follows:

(a) They shall be paid for the amount of the estimated impairment, charged to account 696.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to account 796, disappear.

b₂) When the financial immobilized or is discharged from the asset for any other reason, with credit to the accounts of the subgroup 25.

295. Impairment of long-term credit value to related parties.

Amount of value impairment valuation corrections corresponding to long-term credits, granted to related parties.

2953/2954/2955.

The four-figure cited accounts move is as follows:

(a) They shall be paid for the amount of the estimated impairment, charged to account 697.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to the account 797, disappear.

b₂) By the credit portion that is bad, with credit to account 252.

297. Impairment of the value of representative long-term debt securities.

Amount of valuation corrections for impairment of value corresponding to long-term investments in debt securities issued by persons or entities that do not have a party rating linked.

Your movement is analogous to the one pointed out for account 294.

298. Impairment of long-term credit value.

Amount of Value Impairment Corrections of Value in Subgroup 26 Credits.

Your move is analogous to the one flagged for account 295.

299. Deterioration of the value of property of the Historical Heritage.

Amount of the value for impairment of the value corresponding to the assets of the Historical Heritage.

Your move is as follows:

(a) It shall be paid for the amount of the estimated impairment, charged to account 691.

b) Charged:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to account 791, disappear.

b₂) When the quiesced or is discharged from the asset for any other reason, with credit to subgroup 24 accounts.

GROUP 3

Stocks

They are assets owned to be sold in the normal course of the activity, in the process of production or in the form of materials or supplies to be consumed in the production process or in the provision of services.

Goods for activity, raw materials, other supplies, products in progress, semi-finished products, finished products and by-products, waste and recovered materials.

An account that collects stocks which, in accordance with the rules of registration and valuation, are part of a set group of items held for sale, shall be paid at the time when the conditions for classification by the respective account of the subgroup 58.

30. GOODS DESTINED FOR THE ACTIVITY.

300. Goods A.

301. Goods B.

302. Articles A.

303. Articles B.

Assets acquired by the entity and intended for delivery without transformation.

Accounts 300/309 shall be included in the current assets of the balance sheet; they shall only work for the purpose of the end of the financial year.

Your move is as follows:

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

b) They will be charged for the amount of the inventory of end-of-year stock that is closed, with credit to the 610 account.

If the goods destined for the activity on the way are owned by the entity, according to the terms of the contract, they will appear as stocks at the end of the year in the respective accounts of the subgroup 30. This rule shall also apply where products, materials, etc. are on the way, including in the following sub-groups.

31. RAW MATERIALS.

310. Raw materials A.

311. Raw materials B.

Those that, by processing or transformation, are destined to be part of the manufactured products.

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

32. OTHER SUPPLIES.

320. Embeddable elements and assemblies.

321. Fuels.

322. Spare parts.

325. Miscellaneous materials.

326. Packaging.

327. Packaging.

328. Office material.

320. Embeddable elements and assemblies.

Those manufactured normally outside the entity and acquired by it to be incorporated into their production without undergoing transformation.

321. Fuels.

Energy materials that are susceptible to storage.

322. Spare parts.

Parts intended to be mounted on installations, equipment or machines to replace others. Those with a storage cycle of less than one year shall be included in this account.

325. Miscellaneous materials.

Other consumer materials that are not to be incorporated into the manufactured product.

326. Packaging.

Covers or wrappers, generally irretrievable, intended to protect products or goods to be transported.

327. Packaging.

Vessels or vessels, normally intended for sale in conjunction with the product they contain.

328. Office material.

The purpose of the purpose that indicates its name, unless the entity chooses to consider that the office material acquired during the financial year is consumed in the exercise.

The accounts 320/329 will be shown in the current assets of the balance sheet and their movement is analogous to that for the accounts 300/309.

33. PRODUCTS IN CURSO.

330. Products in progress A.

331. Products under way B.

Goods or services that are in the form of training or transformation in an activity centre at the end of the financial year and which are not to be recorded in the accounts of subgroups 34 or 36.

Accounts 330/339 will be included in the current assets of the balance sheet; they will only work for the end of the financial year.

Your move is as follows:

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

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

34. SEMI-FINISHED PRODUCTS.

340. Semi-finished products A.

341. Semi-finished products B.

Those manufactured by the entity and not normally intended for sale or delivery until they are the subject of further elaboration, incorporation or transformation.

The 340/349 accounts shall be shown in the current balance sheet asset and its movement is analogous to that reported for accounts 330/339.

35. TERMINATED PRODUCTS.

350. Finished Products A.

351. Finished products B.

Those manufactured by the entity and intended for final consumption or use by other entities.

The 350/359 accounts shall be included in the current balance sheet asset and its movement is analogous to that reported for accounts 330/339.

36. RECOVERED BY-PRODUCTS, WASTE AND MATERIALS.

360. By-products A.

361. By-products B.

365. Waste A.

366. Waste B.

368. Recovered materials A.

369. Recovered materials B.

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

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

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

The accounts 360/369 shall be included in the current assets of the balance sheet and their movement is similar to that for accounts 330/339.

39. IMPAIRMENT OF STOCK VALUE.

390. Deterioration of the value of the goods destined for the activity.

391. Deterioration of the value of raw materials.

392. Impairment of value of other supplies.

393. Deterioration of the value of the products in progress.

394. Deterioration of the value of semi-finished products.

395. Deterioration of the value of finished products.

396. Deterioration of the value of the by-products, residues and materials recovered.

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

The accounts of this subgroup shall be included in the current balance sheet asset by minoring the item on which the relevant asset item is listed.

Your move is as follows:

(a) They shall be paid for the estimate of the deterioration that is carried out in the financial year that is closed, with account of account 693.

(b) They shall be charged for the estimation of the deterioration effected at the close of the preceding financial year, with credit to account 793.

GROUP 4

Creditors and debtors by activity operations

Financial instruments and accounts that have their origin in the activities of the entity, both the business and the business activity, as well as the accounts with the general government, including those that correspond to balances with a maturity of more than one year. For the latter and for the purposes of their classification, sub-groups 42 and 45 may be used or the reclassification shall be carried out on their own accounts.

In particular, the following rules apply:

(a) The financial assets and financial liabilities included in this group shall be classified, as a general rule, for the purposes of their valuation, in the categories of 'Loans and items receivable' and 'Debits and items to be paid', respectively.

(b) If financial assets and financial liabilities are classified for the purposes of their valuation in more than one category, the accounts of four or more figures shall be developed which are necessary to differentiate the category in which they are have included.

(c) An account that collects financial assets or financial liabilities classified in the categories of "Financial assets held to trade" or " Other financial assets at fair value with changes in the surplus of the 'financial liabilities held for trading' or 'Other financial liabilities at fair value with changes in the surplus for the financial year', respectively, shall be paid or charged for changes in their fair value, with charge or credit, respectively, to accounts 663 and 763.

(d) An account which collects creditors or debtors for commercial transactions which, in accordance with the rules of registration and valuation, are part of a group of items held for sale, shall be charged or be paid, respectively, at the time the conditions for classification are met, with credit or charge to the respective account of the subgroup 58.

40. PROVIDERS.

400. Suppliers.

401. Suppliers, commercial effects to be paid.

403. Providers, entities in the group.

404. Providers, associated entities.

405. Suppliers, other related parties.

406. Packaging and packaging to be returned to suppliers.

407. Advances to suppliers.

400. Suppliers.

Debts with goods suppliers and other goods defined in Group 3.

This account will include debt to service providers used in the production process.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

a) It will be paid:

to₁) By the "to compliance" receipt of the remittance from the suppliers, from the accounts of the subgroup 60.

to₂) For packaging and packaging loaded by invoice by suppliers with the ability to return them to these, from account 406.

to₃) If applicable, for the accrued financial expense, generally charged to account 662.

b) Charged:

b₁) By formalizing debt for accepted spin effects, with credit to the 401 account.

b₂) By the total or partial cancellation of the entity's debts to the suppliers, with credit to sub-group 57 accounts.

b₃) For the "rappels" that correspond to the entity, granted by the suppliers, with credit to the account 609.

b₄) For discounts, not included in invoice, that you grant to the entity for soon payment by your suppliers, with credit to account 606.

b₅) For purchases returns made, with credit to account 608.

b₆) For packaging and packaging returned to suppliers that were invoiced by these and received with return faculty, with credit to account 406.

401. Suppliers, commercial effects to be paid.

Debts to suppliers, formalized for accepted spin effects.

It will appear in the current liabilities of the balance sheet.

With a general character, your move is as follows:

a) It will be paid:

to₁) By receiving "in compliance" with the remittance of the suppliers, from the accounts of the subgroup 60, by acceptance of the spin effects.

to₂) When the entity agrees to formalize the obligation to the suppliers by accepting spin effects, generally charged to the account 400.

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

403. Providers, entities in the group.

Debts to the group's entities in their capacity as suppliers, even if the debts have been formalized for spin purposes.

It will appear in the current liabilities of the balance sheet.

Your movement is analogous to the one pointed out for account 400.

404. Providers, associated entities.

Debts to multi-group or associated entities in their quality of suppliers, even if the debts have been formalized for spin purposes.

It will appear in the current liabilities of the balance sheet.

Your movement is analogous to the one pointed out for account 400.

405. Suppliers, other related parties.

Debts to other persons or entities related to their quality of suppliers, even if the debts have been formalized for spin purposes.

It will appear in the current liabilities of the balance sheet.

Your movement is analogous to the one pointed out for account 400.

406. Packaging and packaging to be returned to suppliers.

Amount of packaging and packaging loaded on invoice by suppliers, with the ability to return them.

It will appear in the balance sheet current liability by minoring the account 400.

Your move is as follows:

(a) The amount of the packages and packages shall be charged at the reception of the goods contained therein, with the payment of the account 400.

b) It will be paid:

b₁) For the amount of packages and packages returned, with account of 400.

b₂) For the amount of packaging and packaging that the entity decides to reserve for use as well as mismatched and damaged, with account 602.

407. Advances to suppliers.

Deliveries to suppliers, typically in cash, as "on account" of future supplies.

When these deliveries are made to entities in the group, multigroup, associated or other related parties, the corresponding three-figure accounts shall be developed.

It will appear in the current asset of the balance sheet under the heading "Stocks".

With a general character, your move is as follows:

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

(b) It shall be paid for remittance of goods or other goods received from suppliers "in conformity", usually taken into account in the sub-group 60.

41. MISCELLANEOUS BENEFICIARIES AND CREDITORS.

410. Creditors for service provision.

411. Creditors, commercial effects to be paid.

412. Beneficiaries, creditors.

419. Creditors for transactions in common.

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

410. Creditors for service provision.

Debts to service providers that do not have the strict status of suppliers.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

a) It will be paid:

to₁) By the "to compliance" receipt of services, generally held at the accounts of subgroup 62.

to₂) If applicable, to reflect the accrual financial expense, generally, to account 662.

b) Charged:

b₁) By formalization of debt for accepted spin effects, with credit to account 411.

b₂) By the total or partial cancellation of the entity's debts to the creditors, with credit to the accounts corresponding to the subgroup 57.

411. Creditors, commercial effects to be paid.

Debts to service providers who do not have the strict condition of suppliers, formalized in accepted spin effects.

It will appear in the current liabilities of the balance sheet.

With a general character, your move is as follows:

a) It will be paid:

to₁) By the "in compliance" receipt of services, generally taken into account in subgroup 62, by acceptance of spin effects.

to₂) When the entity agrees to formalize the obligation to the creditors by accepting spin effects, generally charged to account 410.

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

412. Beneficiaries, creditors.

Debts incurred by the institution as a result of aid and allocations granted in the fulfilment of the entity's own purposes.

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

Your move is as follows:

(a) It shall be paid when the entity agrees to grant the aid and allowances, usually charged to the accounts 650 or 651.

b) Charged:

b₁) By the total or partial cancellation of the debt with credit, generally, to the accounts of subgroup 57.

b₂) By the amounts to be reintegrated by the beneficiaries for non-compliance with the conditions required when granting the aid and allowances or for any other cause that motivates their return with credit to the account 728.

419. Creditors for transactions in common.

Debts with unit-holders in the operations covered by Articles 239 to 243 of the Trade Code and in other common operations of similar characteristics.

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

Your move is as follows:

a) It will be paid:

to₁) For the contributions received by the entity as a manager, generally held to account in subgroup 57.

to₂) Being the entity participating manager, for the benefit to be attributed to non-managers, with charge of account 6510.

to₃) For the loss that corresponds to the entity as a non-manager, when its balance in the common transaction becomes a creditor, at account of 6511.

b) Charged:

b₁) To payment of the debts, with credit to subgroup 57 accounts.

b₂) Being the participating entity, for the loss to be attributed to non-managers while their balance in the common transaction is a creditor, with credit to account 7510.

b₃) For the benefit that corresponds to the entity as a non-manager, with credit to account 7511.

43. CLIENTS.

430. Clients.

431. Customers, commercial effects to be charged.

432. Clients, factoring operations.

433. Clients, entities in the group.

434. Clients, associated entities.

435. Customers, other related parties.

436. Clients of doubtful collection.

437. Packaging and packaging to be returned by customers.

438. Customer advances.

430. Clients.

Credits with buyers of goods and other goods defined in Group 3, as well as with the users of the services provided by the entity, provided they constitute a main business activity.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) By sales made, with credit to subgroup 70 accounts.

to₂) By invoice-loaded packaging and packaging to customers with the ability to return them, with credit to account 437.

to₃) If applicable, to reflect the accrued financial income, with credit, generally, to account 762.

b) It will be paid:

b₁) By formalizing credit for customer-accepted spin effects, with charge to the 431 account.

b₂) By the total or partial cancellation of the clients ' debts or the firm transfer of the receivables to third parties, usually taken into account in subgroup 57.

b₃) By classification as clients of doubtful collection, with account 436.

b₄) For the part that will definitely be uncollectible, from account 655.

b₅) For "rappels" that correspond to clients, with account 709.

b₆) For discounts, not included in invoice, that are granted to customers for early payment, with account 706.

b₇) For sales returns, with account 708.

b₈) For packages returned by customers that were loaded to these on invoice and sent with return faculty, with account 437.

b₉) By the assignment, of the receivables in "factoring" operations in which the entity continues to substantially retain the risks and benefits, with the account of the account 432.

431. Customers, commercial effects to be charged.

Credits with clients, formalized for accepted spin effects.

This account shall include the portfolio effects, the discounted, the receivables and the unpaid bills; in the latter case only when they are not to be reflected in account 436.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

a) It will be loaded:

to₁) By sales or service delivery derived from the main activity by accepting customers for spin effects, with credit to subgroup 70 accounts.

to₂) By formalizing the collection right in customer-accepted spin effects, with credit, generally, to account 430.

b) It will be paid:

b₁) For the collection of the effects at maturity, from accounts in subgroup 57.

b₂) By its classification as doubtful collection, with account 436.

b₃) For the part that will definitely be uncollectible, from account 655.

The financing obtained by the effects discount is a debt that should generally be collected in the relevant accounts of the subgroup 52. As a result, account 4311 shall be paid at the end of the effects of the service, and shall be charged to account 5208.

432. Clients, factoring operations.

Credits with clients that have been divested in "factoring" operations in which the entity substantially retains the risks and benefits of the receivables.

This account shall include the charging rights for customers who have been transferred to factoring operations, except where they are to be reflected in account 436.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

a) The assignment of the rights shall be charged, with credit, generally, to the account 430.

b) It will be paid:

b₁) By its classification as doubtful collection, with account 436.

b₂) For the part that will definitely be uncollectible, from account 655.

The financing obtained in this transaction is a debt that should generally be collected in the relevant accounts of the subgroup 52. As a result, due to the payment entitlements received, this account will be paid out of account 5209.

433. Clients, entities in the group.

Credits with group entities in their capacity as clients, even if they have been formalized for spin purposes or are assigned credits in "factoring" operations in which the entity substantially retains the risks and the benefits of the payment entitlements.

It will appear in the current asset of the balance sheet.

Your movement is analogous to the one pointed out for account 430.

434. Clients, associated entities.

Credits with multi-group entities and associated in their client quality, even if they have been formalized for spin purposes or are assigned credits in "factoring" operations in which the entity retains substantially the risks and benefits of collection rights.

It will appear in the current asset of the balance sheet.

Your movement is analogous to the one pointed out for account 430.

435. Customers, other related parties.

Credits with other persons or entities related to their quality of clients, even if they have been formalized for spin purposes or are assigned credits in "factoring" operations in which the entity retains substantially the risks and benefits of collection rights.

It will appear in the current asset of the balance sheet.

Your movement is analogous to the one pointed out for account 430.

436. Clients of doubtful collection.

Balances of clients, including those formalized for spin purposes or ceded in "factoring" transactions in which the entity substantially retains the risks and benefits of the receivables, in which they compete circumstances that reasonably allow their qualification as being of doubtful recovery.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) It shall be charged for the amount of the balances of doubtful collection, with credit to account 430, 431 or 432.

b) It will be paid:

b₁) For firm insolvencies, count 655.

b₂) For the total collection of the balances, from the accounts of subgroup 57.

b₃) For partial collection, from account of subgroup 57 on the collected portion, and account 655 for what will be uncollectible.

437. Packaging and packaging to be returned by customers.

Amount of packaging and packaging loaded on invoice to customers, with the ability to return them.

It will appear in the balance current asset by minoring the account 430.

Your move is as follows:

(a) The amount of the packaging and packaging shall be paid to the consignment of the goods contained therein, with a charge of the account 430.

b) Charged:

b₁) To the receipt of the returned packaging and packaging, with credit to account 430.

b₂) When the return deadline passed, it would not have been made, with credit to account 704.

438. Customer advances.

Customer deliveries, typically in cash, as a "to account" for future supplies.

When these deliveries are made by entities in the group, multigroup, associated or other related parties, the corresponding three-figure accounts shall be developed.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) It shall be paid for the cash receipts, with the corresponding account of subgroup 57.

(b) It shall be charged for the remittance of goods or other goods to the customers, with credit, generally, to the accounts of the subgroup 70.

44. MISCELLANEOUS USERS AND DEBTORS.

440. Debtors.

441. Debtors, commercial effects to be charged.

446. Debtors of doubtful recovery.

447. Users, debtors.

448. Sponsors, affiliates and other debtors.

449. Debtors for transactions in common.

When debtors are entities of the group, multigroup or associated or other related parties, three-digit accounts shall be opened that specifically collect the credits with the same, including those formalised for the purposes of spin.

440. Debtors.

Credits with service buyers who do not have the strict status of customers and other debtors of the activity not included in other accounts in this group.

This account shall also account for the amount of donations and legacies to the activity granted to the institution, which are settled by the delivery of cash or other financial assets, excluding the grants which they owe to be registered in subgroup 47 accounts.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) For service delivery, with credit to subgroup 75 accounts.

to₂) For the donation or legacy to the granted activity, with credit to the subgroup 74 accounts.

to₃) If applicable, to reflect the accrued financial income, with credit, generally, to account 762.

b) It will be paid:

b₁) By formalization of credit in order of turn accepted by the debtor, with account 441.

b₂) By the total or partial cancellation of the debts, generally taken into account in subgroup 57.

b₃) By classification as indoubt debtors, charged to account 446.

b₄) For the part that will definitely be uncollectible, from account 655.

441. Debtors, commercial effects to be charged.

Credits with debtors, formalized for accepted spin effects.

This account shall include the portfolio effects, the discounted, the receivables and the unpaid; in the latter case only when they are not to be reflected in account 446.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

a) It will be loaded:

to₁) For service delivery, accepting the perceptive spin effects, with credit to subgroup 75 accounts.

to₂) By the formalization of the right of collection in order of turn accepted by the recipient of the service or debtor, with credit, generally, to the account 440.

b) It will be paid:

b₁) For the collection of the effects at maturity, from accounts in subgroup 57.

b₂) By its classification as doubtful collection, with account 446.

b₃) For the part that will definitely be uncollectible, from account 655.

The financing obtained by the effects discount is a debt that should generally be collected in the relevant accounts of the subgroup 52. As a result, account 4411 shall be paid at the end of the effects taken into account, with account 5208.

446. Debtors of doubtful recovery.

Debtors ' balances included in this subgroup, including those in the form of a spin, in which circumstances that reasonably enable their rating to be considered as doubtful.

It will appear in the current asset of the balance sheet.

Your movement is analogous to the one pointed out for account 436.

447. Users, debtors.

Credits with users for deliveries of goods and services provided by the entity in the exercise of its own activity.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

(a) It shall be charged for the delivery of goods or the provision of services with credit to account 721.

b) It will be paid:

b₁) By the total or partial cancellation of the debts, generally taken into account in subgroup 57.

b₂) For the part that will definitely be uncollectible, from account 655.

448. Sponsors, affiliates and other debtors.

Credits with sponsors, affiliates and others for the amounts to be collected to contribute to the purposes of the entity's own activity, in particular donations and legacies.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

(a) The amounts to be charged shall generally be charged to the accounts of subgroups 13, 17 and 72.

b) It will be paid:

b₁) By the total or partial cancellation of the debts, generally taken into account in subgroup 57.

b₂) For the part that will definitely be uncollectible, from account 655.

449. Debtors for transactions in common.

Appropriations with unit-holders in the operations covered by Articles 239 to 243 of the Trade Code and other common operations of similar characteristics.

It will appear in the balance sheet asset.

Your move is as follows:

a) It will be loaded:

to₁) By contributions made by the entity as a non-manager participant, with credit, generally, to subgroup 57 accounts.

to₂) Being the participating entity, for the loss to be attributed to non-managers when their balance in the common transaction becomes debtor, with credit to account 7510.

to₃) For the benefit that corresponds to the entity as a non-manager, with credit to account 7511.

b) It will be paid:

b₁) For the collection of the credits, from the accounts of subgroup 57.

b₂) Being the participating entity, for the benefit to be attributed to the non-managers as long as their balance in the common transaction is debtor, with account of 6510.

b₃) For the loss that corresponds to the entity as a non-manager participant, under account 6511.

46. PERSONAL.

460. Advances in remuneration.

464. Deliveries for expenses to be justified.

465. Remuneration to be paid.

466. Remuneration through defined contribution systems to be paid.

Balances with persons providing their services to the entity or to the entities with which post-employment remuneration commitments are implemented, and whose remuneration is accounted for in subgroup 64.

460. Advances in remuneration.

Remuneration to the staff of the entity.

Any other advances that have the consideration of loans to staff shall be included in account 544 or account 254, according to the maturity period.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

(a) The deliveries referred to above shall be charged on the basis of sub-group 57 accounts.

(b) It shall be paid by offsetting advances with accrued remuneration, from accounts in subgroup 64.

464. Deliveries for expenses to be justified.

Amounts given to the staff or managers of the entity for further justification.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

(a) The deliveries referred to above shall be charged on the basis of sub-group 57 accounts.

(b) It shall be paid on the basis of the accounts of group 6 which correspond, and in the case of surplus to sub-group 57 accounts.

465. Remuneration to be paid.

Entity Debits to staff by the concepts cited in the 640 and 641 accounts.

It will appear in the current liabilities of the balance sheet.

With a general character, your move is as follows:

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

b) It will be charged when the remuneration is paid, with credit to the accounts of subgroup 57.

466. Remuneration through defined contribution systems to be paid.

Outstanding amounts of payment to a separate entity for long-term remuneration to staff, such as pensions and other retirement or retirement benefits, that have the defined contribution character, according to the terms set out in the registration and valuation rules.

It will appear in the current liabilities of the balance sheet.

With a general character, your move is as follows:

(a) It shall be paid for the accrued and unpaid amounts, charged to account 643.

b) It will be charged when paying outstanding contributions to the accounts of subgroup 57.

47. PUBLIC ADMINISTRATIONS.

470. Public Finance, debtor for various concepts.

4700. Hacienda Pública, debtor for VAT.

4707. Public Finance, debtor for collaboration in the delivery and distribution of grants (Article 12 of the Grant Act).

4708. Public Finance, debtor for grants awarded.

4709. Hacienda Pública, debtor for tax refund.

471. Social Security Agencies, debtors.

472. Public Finance, VAT supported.

473. Public Finance, withholding and payments on account.

474. Deferred tax assets.

4740. Assets for deductible temporary differences.

4742. Allowances for deductions and allowances to be applied.

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

475. Public Finance, creditor for tax concepts.

4750. Public Finance, VAT creditor.

4751. Hacienda Pública, accretive for retentions practiced.

4752. Public Finance, creditor by corporation tax.

4757. Public finances by grants received as a contributing entity (Article 12 Grant Law).

4758. Public Finance, which is a grant for reintegrating.

476. Social Security Agencies, creditors.

477. Public finances, VAT passed on.

479. Liabilities for taxable temporary differences.

470. Public Finance, debtor for various concepts.

Grants, compensations, reliefs, tax refunds, and, in general, how many perceptions are due for tax or promotion reasons made by the Public Administrations, excluding Social Security.

It will appear in the balance sheet asset.

The content and movement of the quoted four-figure accounts is as follows:

4700. Hacienda Pública, debtor for VAT.

Excess, in each tax period, of the input VAT deductible on VAT.

(a) It shall be charged at the end of each settlement period, for the amount of the excess, with credit to account 472.

b) It will be paid:

b₁) In case of compensation in subsequent settlement-settlement, with account 477.

b₂) In cases of return by Public Finance, from a sub-group 57 accounts.

4707. Public Finance, debtor for collaboration in the delivery and distribution of grants (Article 12 Grant Law).

Credits with the Public Finance for grants awarded in which the entity acts as a contributor.

(a) It shall be charged for the deliveries made by the entity to the final recipients of the grants, with credit, generally, to sub-group 57 accounts.

(b) It shall be paid for the settlement of the grant received and justified, with regard to account 4757.

4708. Public Finance, debtor for grants awarded.

Appropriations with the Public Finance for grants awarded.

(a) It will be charged when the grants are awarded, with credit, generally, to the accounts 172, 740 or accounts of the subgroup 94.

(b) It shall be paid to the collection, in charge, generally, to sub-group 57 accounts.

4709. Hacienda Pública, debtor for tax refund.

Credits with the Public Finance for tax refund.

a) It will be loaded:

to₁) By retentions and payments to be returned, with credit to account 473.

to₂) For the previous exercise fee that the entity retrieves as a result of tax or tax clearance on the benefit, with credit, to account 6300 or, if applicable, account 8300.

to₃) Dealing with returns from other taxes that would have been accounted for in expense accounts, with credit to account 636. If they have been loaded into group 2 accounts, these accounts shall be the accounts paid for the amount of the refund.

(b) It shall be paid to the collection, with account of subgroup 57.

471. Social Security Agencies, debtors.

Credits in favor of the entity, of the various Social Security Organizations, related to the social benefits that they perform.

It will appear in the balance sheet asset.

Your move is as follows:

(a) It will be charged for the benefits in charge of Social Security, with credit, generally, to the accounts of subgroup 57.

b) It will be paid when the credit is canceled.

472. Public Finance, VAT supported.

VAT due on the acquisition of goods and services and other transactions included in the legal text, which has a deductible character.

Your move is as follows:

a) It will be loaded:

to₁) For the amount of the VAT deductible when the tax is due, with credit to the accounts of creditors or suppliers of groups 1, 4 or 5 or to the accounts of subgroup 57. In cases of change of affectation of goods, with credit to account 477.

to₂) For positive differences resulting in the deductible VAT corresponding to transactions of goods or services of the current asset or of investment goods when the regularisations provided for in the Rule are practiced of Prorrata, with credit to account 639.

b) It will be paid:

b₁) For the amount of the deductible VAT that is offset in the declaration-settlement of the settlement period, with account of the account 477. If, after this seat has been lodged, the balance in account 472, the amount of the account shall be debited to account 4700.

b₂) For negative differences resulting in deductible VAT corresponding to transactions in goods or services of the current asset or investment property when the regularisations provided for in the Rule are practised of Prorrata, with a charge of account 634.

(c) The amount of the deductible VAT corresponding to the case of price changes after the date on which the accounts were made shall be charged or paid, with credit or charge to groups 1, 2, 4 or 5. taxable transactions, or where they are not fully or partially in effect, or where the tax base is to be reduced by virtue of discounts and allowances granted after the tax accrual.

473. Public Finance, withholding and payments on account.

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

With a general character, your move is as follows:

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

b) It will be paid:

b₁) For the amount of the supported holds and the income on account of the corporation tax, up to the amount of the period's liquid quota, from account 6300 or, if applicable, to the account 8300.

b₂) For the amount of the supported holds and income on account of the corporation tax that must be returned to the entity, with charge of account 4709.

474. Deferred tax assets.

Assets for deductible temporary differences, claims for the right to compensate in subsequent financial years for negative taxable bases pending compensation and deductions and other unused tax advantages that remain to apply in the settlement of tax on profits.

This account will include the full amount of deferred tax assets corresponding to income taxes, not being eligible for compensation with deferred tax liabilities, or even within the same. exercise. All this, without prejudice to the provisions of Part Three of this Plan, for the purposes of its submission to the annual accounts.

It will appear in the non-current asset of the balance sheet.

The content and movement of the quoted four-figure accounts is as follows:

4740. Assets for deductible temporary differences.

Tax assets for differences that will result in lower amounts to be paid or higher amounts to be paid back for profit in future years, usually as assets are recovered or the assets are settled. liabilities from which they are derived.

a) It will be loaded:

to₁) For the amount of the asset for deductible temporary differences originating in the exercise, with credit, generally, to account 6301.

to₂) For the amount of the deductible temporary differences assets that arise in a transaction or event that would have been recognized directly in a net worth item, with credit to account 8301.

to₃) By increasing assets for deductible temporary differences, with credit, generally, to account 638.

to₄) By increasing assets for deductible temporary differences originating from a transaction or event that would have been recognized directly in a net worth item, with credit, to account 838.

b) It will be paid:

b₁) By reductions in assets for deductible temporary differences, generally taken into account 633.

b₂) By reductions in assets for deductible temporary differences originating from a transaction or event that would have been directly recognized in a net worth item, under account 833.

b₃) When assets are imputed for deductible temporary differences, generally, from account 6301.

b₄) When assets are imputed for deductible temporary differences originating from a transaction or event that would have been directly recognized in a net worth item, under account 8301.

4742. Allowances for deductions and allowances to be applied.

Amount of the decrease in benefit tax payable in the future arising from the existence of deductions or bonuses from such tax to be applied.

a) It will be loaded:

to₁) By the tax credit derived from the deduction or bonus in profit tax obtained in the exercise, with credit, generally, to account 6301.

to₂) By increasing the tax credit, with credit, generally, to account 638.

b) It will be paid:

b₁) By decreasing the tax credit, generally charged to account 633.

b₂) By the tax application of the deductions or bonuses from previous exercises, generally charged to account 6301.

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

Amount of the reduction of the tax on profits to be paid in the future arising from the existence of negative taxable bases of such tax to be paid.

a) It will be loaded:

to₁) By the tax credit derived from the negative tax base on profit taxes obtained in the year, with credit, generally, to account 6301.

to₂) By increasing the tax credit, with credit, generally, to account 638.

b) It will be paid:

b₁) By tax credit reductions, generally charged to account 633.

b₂) When the negative taxable bases of previous exercises are compensated, generally, at account 6301.

475. Public Finance, creditor for tax concepts.

Taxes in favor of Public Administrations, pending payment, whether the entity is a taxpayer or a substitute for the same or a retainer.

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

The content and movement of the quoted four-figure accounts is as follows:

4750. Public Finance, VAT creditor.

Excess, in each tax period, of VAT passed on deductible input VAT.

(a) It shall be paid at the end of each settlement period for the amount of the excess referred to in account 477.

(b) The amount of the excess shall be debited when payment is made, with subscription to sub-group 57 accounts.

4751. Hacienda Pública, accretive for retentions practiced.

Amount of tax deductions made to the Public Finance pending payment.

(a) The tax accrual shall be paid, where the entity is a substitute for the taxpayer or retainer, with the accounts of groups 4, 5 or 6.

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

4752. Public Finance, creditor by corporation tax.

Amount to be paid for corporation tax.

(a) You will pay for the fee to be entered, usually charged to the account 6300 and, if applicable, account 8300.

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

4757. Public Finance, which is a grant for grants received as a contributing entity (Article 12 Law 50/2002).

Debts to the Public Finance on the basis of grants received for the delivery and distribution of public funds to beneficiaries.

(a) Be paid to the receipt of the grant awarded, generally, to the accounts of subgroup 57.

b) Charged:

b₁) By the settlement that is made from the grant received and justified, with credit to account 4707.

b₂₎ For the drawback, if any, to the Public Finance, with credit to subgroup 57 accounts.

4758. Public Finance, which is a grant for reintegrating.

Debts to the Public Finance for grants to return.

(a) It shall be paid for the amount of the grant to be reintegrated, usually charged to accounts 172 or 522.

b) The refund will be charged, with credit to the accounts of subgroup 57.

476. Social Security Agencies, creditors.

Debts outstanding with Social Security Agencies as a result of the benefits they perform.

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

Your move is as follows:

a) It will be paid:

to₁) By the quotas that correspond to the entity, with account 642.

to₂) By quota holds that correspond to the entity's staff, with the count of 465 or 640.

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

477. Public finances, VAT passed on.

VAT due on the delivery of goods or the provision of services and other transactions included in the legal text.

Your move is as follows:

a) It will be paid:

For the amount of VAT passed on when the tax is due, from accounts of debtors or clients of groups 2, 4 or 5 or to accounts of subgroup 57. In the case of a change in the affectation of goods, the account of the account 472 and the account of the asset in question.

(b) The amount of the deductible input VAT shall be charged to the settlement statement of the settlement period, with credit to account 472. If, after this seat has been lodged, balance in account 477, the amount of the account shall be paid to the account 4750.

(c) It shall be paid or debited, charged or credited to groups 2, 4 or 5, for the amount of the VAT passed on in the case of price changes after the date on which the VAT was paid. taxable transactions or when they are not fully or partially in effect or where the tax base is to be reduced by virtue of discounts and allowances granted after the tax accrual.

479. Liabilities for taxable temporary differences.

Differences that will result in higher amounts to be paid or lower amounts to be paid back for benefits in future years, usually as assets are recovered or the liabilities of which are settled are settled. derive.

This account will include the full amount of deferred tax liabilities, not being eligible for compensation with the deferred income tax assets. All this, without prejudice to the provisions of Part Three of this Plan, for the purposes of its submission to the annual accounts.

It will appear on the non-current liability of the balance sheet.

Your move is as follows:

a) It will be paid:

to₁) For the amount of liabilities for taxable temporary differences originating in the financial year, generally taken into account by the account 6301.

to₂) For the amount of liabilities for taxable temporary differences that arise in a transaction or event that would have been recognized directly in a net worth item, under account 8301.

to₃) By increasing liabilities for taxable temporary differences, generally charged to account 633.

to₄) By increasing liabilities for taxable temporary differences originating from a transaction or event that would have been directly recognized in a net worth item, with account 833.

b) Charged:

b₁) By reductions in liabilities for taxable temporary differences, with credit, generally, to account 638.

b₂) By reductions in liabilities for taxable temporary differences originating in a transaction or event that would have been directly recognised in a net worth item, with credit, to account 838.

b₃) When liabilities are canceled for taxable temporary differences with credit, generally, to account 6301.

b₄) When liabilities for taxable temporary differences originated in a transaction or event that were directly recognized in a net worth item, with credit to account 8301, are cancelled.

48. ADJUSTMENTS TO BE MADE.

480. Anticipated expenses.

485. Anticipated revenue.

480. Anticipated expenses.

Expenses accounted for in the exercise that is closed and corresponding to the next.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) The balance of the financial year shall be charged to the accounts of Group 6 which have recorded the expenditure to be charged for the subsequent financial year.

(b) It shall be paid at the beginning of the following year by group 6 accounts.

485. Anticipated revenue.

Revenue accounted for in the year that is closed and corresponding to the next.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) Be paid at the end of the financial year by the accounts of Group 7 that have recorded the income for the subsequent year.

(b) It shall be charged at the beginning of the following year with credit to group 7 accounts.

49. IMPAIRMENT OF CREDIT VALUE FOR OPERATIONS OF THE ACTIVITY AND PROVISIONS IN THE SHORT TERM.

490. Impairment of credit value by operations of the activity.

493. Impairment of credit value by operations of the activity with related parties.

4933. Impairment of credit value by operations of the activity with entities in the group.

4934. Impairment of credit value by operations of the activity with associated entities.

4935. Impairment of credit value by operations of the activity with other related parties.

495. Impairment of credit value of users, sponsors, affiliates and other debtors.

499. Provisions for operations of the activity.

4994. Provision for onerous contracts.

4999. Provision for other operations of the activity.

Impairment of the value of financial assets by transactions in the activity due to latent situations of insolvency of clients and other debtors included in sub-groups 43 and 44 and current obligations, at the end of the financial year, for expenses incurred after the delivery of the goods or the provision of services, such as, for example, the cover of expenses for sales returns, guarantees on products sold and other similar concepts.

The accounts for this subgroup, except for 499. Provision for operations of the activity shall be shown in the balance sheet asset by minoring the item on which the relevant asset item is listed.

490. Impairment of credit value by operations of the activity.

Amount of the valuation corrections for impairment of bad credit, with origin in operations of the activity.

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

1. Where the institution encrypts the amount of impairment at the end of the financial year by means of a comprehensive estimate of the risk of existing failures in the balance of clients and debtors, provided that their amount, individually considered, is not significant:

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

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

2. When the entity encrypts the impairment amount by an individualized system for tracking customer and debtor balances:

(a) The amount of the loss being estimated shall be paid, over the financial year, to account 694.

(b) It will be charged as the client and debtor balances for which the corrective account has been individually established or when the estimated loss decreases as a result of a subsequent event, will be debited. credit to account 794.

493. Impairment of credit value by operations of the activity with related parties.

Amount of the valuation corrections for impairment of bad credit, with origin in operations of the activity carried out with related parties.

4933/4934/4935.

The movement of the four-digit quoted accounts is analogous to the one for the 490 account.

495. Impairment of credit value of users, sponsors, affiliates and other debtors.

Impairment corrections of the value of the bad credit, with origin in operations of the entity's own activity, made with users, sponsors, affiliates and other debtors.

When debtors are group, multi-group or associated entities, four-digit accounts will be opened that specifically collect the value adjustments for these credits.

Figures 447 and 448 will be included in the balance sheet asset.

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

499. Provisions for operations of the activity.

Provisions for the recognition of obligations present arising from operations of the entity's activity.

They will be on the liability side of the balance sheet.

The provisions for operations of the activity whose cancellation is foreseen in the long term shall be included in the non-current liability of the balance sheet under the heading "Long-term Provisions".

4994. Provision for onerous contracts.

Provision that arises when the costs incurred in fulfilling a contract exceed the economic benefits expected to be received from the contract.

Your move is as follows:

(a) The amount of the estimate made shall be paid at the end of the financial year to account for 6954.

b) Charged:

b₁) At the end of the financial year, if the entity chooses to comply with the contract, for the excess provision accounted for, with credit to account 79544.

b₂) If the entity opts for the cancellation of the contract, with credit, generally, to the accounts of subgroup 57.

4999. Provision for other operations of the activity.

Provision for expense coverage for sales returns, repair warranties, reviews, and other similar concepts.

Your move is as follows:

(a) The amount of the estimate made shall be paid at the end of the financial year to account for 6959.

(b) The allocation made in the previous year shall be charged at the end of the financial year with credit to account 79549.

GROUP 5

Financial Accounts

Financial instruments for transactions outside the business, the maturity, disposal or completion of which is expected to occur within a period of not more than one year and available liquid means.

In particular, the following rules apply:

(a) This group includes financial derivatives of both hedging and trading when their settlement is no longer than one year.

(b) Financial assets and financial liabilities that are classified, respectively, in the categories of "Financial Assets held" in accordance with the rules for the registration and valuation of the annual accounts. to negotiate "and" Financial liabilities held to negotiate ", in general terms will be included in this group. In particular, financial investments in equity instruments of entities that do not have the consideration of group, multi-group or associated entities that have been acquired with the intention of being sold in this category shall be included in this category. the short term.

(c) The accounts of four or more figures shall be developed which are necessary to differentiate the categories in which financial assets and financial liabilities have been included in accordance with the rules of registration and valuation.

(d) If hybrid financial assets are acquired or hybrid financial liabilities are issued or assumed that in accordance with the rules of registration and valuation are valued as a whole at fair value, they shall be included in the account corresponding to the nature of the main contract, for which a breakdown is to be created, accounts of four or more figures which identify that this is a jointly valued short-term hybrid financial asset or liability. Where the main contract and the implicit derivative are recognised separately, the principal contract and the underlying derivative contract shall be treated as if it had been independently contracted and shall be included in the group 5 account to be taken and the main contract shall be collected. in the account that corresponds to its nature, developing with due breakdown accounts of four or more figures that identify that this is a short term hybrid financial principal contract.

e) An account that collects financial assets or financial liabilities classified in the categories of "Financial assets held to trade" or " Other financial assets at fair value with changes in the surplus of the 'financial liabilities held for trading' or 'Other financial liabilities at fair value with changes in the surplus for the financial year', respectively, shall be paid or charged for changes in their fair value, with charge or credit, respectively to accounts 663 and 763.

(f) An account that collects liabilities or assets included in this group which, in accordance with the rules of registration and valuation, are part of a set group of items held for sale, shall be charged or pay, respectively, at the time the conditions for their classification are met, with credit or charge to the respective account of the subgroup 58.

g) The difference between the value for which financial assets or financial liabilities are initially recognised and their redemption value shall be recorded as a charge or a credit (or where applicable, a credit or charge), in the account where the financial asset or financial liability is recorded, taking into consideration the account of subgroup 76 or 66, which corresponds to the nature of the instrument.

50. BORROWINGS, DEBTS WITH SPECIAL CHARACTERISTICS AND OTHER SIMILAR SHORT-TERM ISSUES.

500. Short-term bonds and bonds.

505. Debts represented in other marketable securities in the short term.

506. Short-term interest on borrowings and other similar issues.

509. Amortised marketable securities.

Non-equity financing instruments, the maturity of which is due to occur within a period of not more than one year.

The accounts of this subgroup shall be on the current liabilities of the balance sheet.

The share of long-term debt that has a short maturity shall be included in the current liabilities of the balance sheet; for this purpose, the amount representing long-term debts due to maturity shall be transferred to this sub-group. short of the corresponding accounts in subgroup 17.

500. Short-term bonds and bonds.

Obligations and bonds in circulation whose maturity is to occur within a period of not more than one year.

With a general character, your move is as follows:

a) It will be paid:

to₁) At the time of issue, for the amount received, minorted on transaction costs, charged to subgroup 57 accounts.

to₂) For the financial expense incurred until the debt repayment value is reached, generally taken into account 661.

(b) The amount to be repaid of the securities shall be debited from the amount to be repaid, with credit to the account 509.

505. Debts represented in other marketable securities in the short term.

Other financial liabilities whose maturity is to occur within a period of not more than one year, represented in marketable securities, offered for public savings, other than previous ones.

Its content and movement is analogous to the one pointed out for the 500 account.

506. Short-term interest on borrowings and other similar issues.

Interest payable, with short-term maturity, of borrowings and other similar issues.

Your move is as follows:

(a) It shall be paid for the amount of the explicit interest accrued during the financial year, including the non-expired, with account 661.

b) Charged:

b₁) By withholding tax, where applicable, with credit to account 475.

b₂) To payment, with credit to subgroup 57 accounts.

509. Amortised marketable securities.

Debts for amortized marketable securities.

With a general character, your move is as follows:

(a) It shall be paid for the redemption value of the amortised securities, from accounts of this subgroup or subgroup 17.

(b) The redemption value of the amortized securities shall be debited, with credit to sub-group 57 accounts.

51. SHORT-TERM DEBTS WITH RELATED PARTIES.

510. Short-term debts with related credit institutions.

5103. Short term debt with credit institutions, group entities.

5104. Short term debt with credit institutions, associated entities.

5105. Short-term debts to other related credit institutions.

511. Short-term fixed assets suppliers, related parties.

5113. Short-term, fixed-time, group entities.

5114. Short-term, fixed asset suppliers, associated entities.

5115. Short-term fixed assets suppliers, other related parties.

512. Short term financial leasing creditors, related parties.

5123. Short term financial leasing creditors, group entities.

5124. Short term financial leasing creditors, associated entities.

5125. Short term financial leasing creditors, other related parties.

513. Other short-term debts with related parties.

5133. Other short-term debts with group entities.

5134. Other short-term debts with associated entities.

5135. Other short-term debts with other related parties.

514. Short-term interest on debt with related parties.

5143. Short-term interest on debt, group entities.

5144. Short-term interest on debts, associated entities.

5145. Short-term interest on debts, other related parties.

Debts whose maturity is to occur within a period of not more than one year, as opposed to group, multi-group, associated and other related entities, including those which by their nature should be included in the sub-groups 50 or 52, the short-term securities and deposits received from sub-group 56 and the financial derivatives which should be included in the account 559. These debts will be collected in the accounts of three or more figures to be developed.

The accounts of this subgroup shall be on the current liabilities of the balance sheet.

The share of long-term debt, with related persons or entities, having a short maturity shall be included in the current liabilities of the balance sheet under the heading 'Debt to group entities and associated with the short term'; These effects shall be transferred to this sub-group the amount representing long-term debts with short maturity of the relevant accounts of the sub-group 16.

510. Short-term debts with related credit institutions.

Contracted with credit institutions linked by loans received and other debits, with maturity not exceeding one year.

5103/5104/5105.

The four-figure cited accounts move is as follows:

a) They will be paid:

to₁) To the formalization of the debt or loan, for the amount received, mined in the transaction costs, usually charged to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) They shall be charged for the full or partial refund on maturity, with credit to sub-group 57 accounts.

It will include, with due development in accounts of five or more figures, the amount of short-term debts for discounted effects.

511. Short-term fixed assets suppliers, related parties.

Debts to related parties as suppliers of goods defined in Group 2, including those formalised for spin purposes, with a maturity of not more than one year.

5113/5114/5115.

The four-figure cited accounts move is as follows:

a) They will be paid:

to₁) By the receipt of the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) They shall be charged for the cancellation, in whole or in part, of the debts, with credit, generally, to the accounts of subgroup 57.

512. Short term financial leasing creditors, related parties.

Debts with a maturity of less than one year with related parties in the capacity of transferors of the use of goods in agreements to be classified as financial leases in the terms of the registration rules and assessment.

The four-figure cited accounts move is as follows:

5123/5124/5125.

a) They will be paid:

to₁) By the receipt pursuant to the right of use on the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) They shall be charged for the cancellation, in whole or in part, of the debts, with credit, generally, to the accounts of subgroup 57.

513. Other short-term debts with related parties.

Contracted with related parties by loans received and other debits not included in other accounts of this subgroup, with maturity not exceeding one year.

5133/5134/5135.

The movement of the four-digit quoted accounts is analogous to the one described for the 510 account.

514. Short-term interest on debt with related parties.

Interest payable, with short-term maturity, of debts to related parties.

5143/5144/5145.

The movement of these four-figure accounts is as follows:

(a) They shall be paid for the amount of the explicit interest accrued during the financial year, including the non-expired, with account 662.

b) They will be loaded:

b₁) By withholding tax, where applicable, with credit to account 475.

b₂) To payment, with credit to subgroup 57 accounts.

52. SHORT TERM LOANS FOR LOANS RECEIVED AND OTHER ITEMS.

520. Short-term debt with credit institutions.

5200. Short-term loans from credit institutions.

5201. Short-term debts by willing credit.

5208. Debts for discounted purposes.

5209. Debt for factoring operations.

521. Short-term debts.

522. Short term debts that can be transformed into grants, donations and legacies.

523. Short-term fixed assets suppliers.

524. Short-term financial leasing creditors.

525. Effects to be paid in the short term.

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

528. Short-term interest on debts.

529. Short-term provisions.

5290. Short term provision for staff remuneration.

5291. Short term provision for taxes.

5292. Short term provision for other responsibilities.

5293. Short-term provision for decommissioning, withdrawal or rehabilitation of the fixed assets.

5295. Short term provision for environmental actions.

5296. Short term provision for restructuring.

Short-term foreign financing not instrumented in marketable securities nor contracted with persons or entities having the status of related parties. Also, this subgroup includes provisions whose cancellation is expected in the short term.

The accounts of this subgroup shall be on the current liabilities of the balance sheet.

The share of long-term liabilities that have a short maturity shall be included in the current liabilities of the balance sheet; for this purpose, the amount representing the long-term debts and provisions shall be transferred to this sub-group. short maturity of the relevant accounts of subgroups 14 and 17.

520. Short-term debt with credit institutions.

Contracted with credit institutions for loans received and other debits, with maturity not exceeding one year.

The content and movement of the quoted four-figure accounts is as follows:

5200. Short-term loans from credit institutions.

The amount that corresponds to this concept according to the contract stipulations.

a) It will be paid:

to₁) To the formalization of the loan, for the amount received, mined in the transaction costs, usually charged to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It will be charged for the full or partial refund with subscription to the accounts of subgroup 57.

5201. Short-term debts by willing credit.

Debts by amounts arranged in credit policy.

a) It will be paid:

to₁) By the amounts arranged, generally charged to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It shall be charged for the cancellation, in whole or in part, of the debt, with credit to sub-group 57 accounts.

5208. Debts for discounted purposes.

Short-term debts to credit institutions as a result of the effect discount.

a) It will be paid:

to₁) When you discount the effects, for the amount perceived, generally, to account in subgroup 57 and, for the interest and expenses supported, generally taken into account 665.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) Charged:

b₁) Due to the effects taken care of, with credit, generally, to accounts 431 and 441.

b₂) For the amount of unserved effects to maturity, with credit to subgroup 57 accounts.

5209. Debt for factoring operations.

Short-term debt to credit institutions as a result of factoring operations in which the entity substantially retains the risks and benefits of the receivables.

a) It will be paid:

to₁) For the financing obtained, generally charged to the accounts of subgroup 57 and, for the interest and expenses incurred, generally taken into account 665.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) Charged:

b₁) Due to the payment entitlements served, with credit, generally, to account 432.

b₂) For the amount of the receivables not served at maturity, with credit to sub-group 57 accounts.

521. Short-term debts.

Contracted with third parties for loans received and other debits not included in other accounts of this subgroup, with maturity not exceeding one year.

Your move is as follows:

a) It will be paid:

to₁) To the formalization of the debt or the loan, for the amount received, mined in the transaction costs, with charge, generally, to the accounts of subgroup 57.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It will be charged for the full or partial refund with subscription to the accounts of subgroup 57.

522. Short term debts that can be transformed into grants, donations and legacies.

Amounts granted by public administrations, both domestic and international, entities or individuals with a grant, donation or reintegrable legacy, with a maturity of not more than one year.

Your move is as follows:

(a) It shall be paid for the amounts granted to the institution, usually charged to the accounts of subgroups 47 or 57.

b) Charged:

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

b₂) If you lose your reintegrable character, credit your balance to accounts 940, 941, or 942 or to subgroup 74 accounts.

523. Short-term fixed assets suppliers.

Debts to suppliers of goods defined in Group 2, with a maturity of not more than one year.

Your move is as follows:

a) It will be paid:

to₁) By the receipt of the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

b) Charged:

b₁) By the instrumentation of the debts in effect to be paid, with credit to account 525.

b₂) By the cancellation, total or partial, of the debts, with credit to subgroup 57 accounts.

524. Short-term financial leasing creditors.

Debts with a maturity of not more than one year with other entities in the capacity of transferors of the use of goods, in agreements to be classified as financial leases in the terms of the registration rules and assessment.

Your move is as follows:

a) It will be paid:

to₁) By the receipt pursuant to the right of use on the goods supplied, from group 2 accounts.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It shall be charged for the cancellation, in whole or in part, of the debts, with credit, generally, to the accounts of subgroup 57.

525. Effects to be paid in the short term.

Debts incurred by loans received and other debits with maturity of not more than one year, instrumented by spin effects, including those that originate from supplies of fixed assets.

Your move is as follows:

a) It will be paid:

to₁) When the entity accepts the effects, generally, with charge, to accounts in this subgroup.

to₂) For the accrued financial expense until the debt repayment value is reached, generally charged to account 662.

(b) It shall be charged for the payment of the effects upon maturity, with credit to sub-group 57 accounts.

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

Interest payable, with short-term maturity, of debts to credit institutions.

Your move is as follows:

(a) It shall be paid for the amount of the explicit interest accrued during the financial year, including the non-expired, with account 662.

b) It will be charged when payment occurs, with credit to sub-group 57 accounts.

528. Short-term interest on debts.

Interest payable, with short-term maturity, of debts, excluding those that are to be recorded in account 527.

Your move is as follows:

(a) It shall be paid for the amount of the explicit interest accrued during the financial year, including the non-expired, with account 662.

b) Charged:

b₁) By withholding tax, where applicable, with credit to account 475.

b₂) To payment, with credit to subgroup 57 accounts.

529. Short-term provisions.

Provisions included in sub-group 14 whose cancellation is expected in the short term, shall be included under the heading of the current liabilities "Short-term Provisions"; for this purpose the amount shall be transferred to this sub-group represents the long-term obligation with short maturity of the relevant accounts of the subgroup 14.

The movement of the four-digit quoted accounts included in this subgroup is analogous to that of the corresponding subgroup 14 accounts.

53. SHORT-TERM FINANCIAL INVESTMENTS IN RELATED PARTIES.

530. Short-term shareholdings in related parties.

5303. Short-term holdings in group entities.

5304. Short-term shareholdings in associated entities.

5305. Short-term holdings in other related parties.

531. Representative short-term debt securities of related parties.

5313. Representative short-term debt securities of group entities.

5314. Representative short-term debt securities of associated entities.

5315. Representative short-term debt securities of other related parties.

532. Short term credits to related parties.

5323. Short term loans to group entities.

5324. Short term credits to associated entities.

5325. Short term credits to other related parties.

533. Short-term interest of representative debt securities of related parties.

5333. Short-term interest on representative debt securities of group entities.

5334. Short-term interests of representative debt securities of associated entities.

5335. Short-term interest of debt securities of other related parties.

534. Short-term interest on loans to related parties.

5343. Short term interest on loans to group entities.

5344. Short term interest on credit to associated entities.

5345. Short-term interest on loans to other related parties.

535. Dividend receivable from financial investments in related parties.

5353. Dividend receivable from entities in the group.

5354. Dividend receivable from associated entities.

5355. Dividend receivable from other related parties.

539. Outstanding disbursements on short-term shares in related parties.

5393. Outstanding disbursements on short-term holdings in group entities.

5394. Outstanding disbursements on short-term shareholdings in associated entities.

5395. Outstanding disbursements on short-term holdings in other related parties.

Short-term financial investments in entities of the group, multigroup, associates and other related parties, whatever their form of instrumentation, including dividends and accrued interest, with maturity not more than one year or without maturity (such as equity instruments) when the institution intends to sell them in the short term. Also included in this sub-group are the short-term bonds and deposits made up of these persons or entities and other types of financial assets and short-term investments with these persons or entities. These investments will be collected in the accounts of three or more figures to be developed.

The share of long-term investments, with related persons or entities, having a short maturity shall be included in the current assets of the balance sheet, under the heading " Investments in group entities and associated with short (b) the amount representing the long-term investment with short-term maturity of the relevant accounts of the subgroup 25 shall be transferred to this sub-group.

530. Short-term shareholdings in related parties.

Short-term investments in equity rights-with or without listing on a regulated market-of related parties; generally, shares issued by an anonymous company or shares in companies of limited liability.

It will appear in the current asset of the balance sheet.

5303/5304. Short-term holdings in entities in the group/in associated entities.

The four-figure cited accounts move is as follows:

a) They will be loaded:

to₁) To the subscription or purchase, with credit, generally, to the accounts of subgroup 57 and, if applicable, account 539.

to₂) Where applicable, at the time the recoverable amount is higher than the accounting value of the investments, up to the limit of the prior negative value adjustments directly imputed to equity, with credit to 991 or 992 accounts.

b) They will be paid:

b₁) Where appropriate, for the amount of the estimated impairment, up to the limit of the prior positive value adjustments directly imputed to equity, from accounts 891 or 892.

b₂) By the enajenations and in general by its low of the asset, with charge, generally, to the accounts of the subgroup 57, if there are outstanding disbursements to the account 539 and in case of losses to the account 666.

5305. Short-term holdings in other related parties.

The movement of the cited account is as follows:

a) It will be loaded:

to₁) To the subscription or purchase, with credit, generally, to the accounts of subgroup 57 and, if applicable, account 539.

to₂) By variations in fair value, with credit to account 763.

b) It will be paid:

b₁) By variations in fair value, with account 663.

b₂) By enajenations and in general by its asset low, generally held at the accounts of subgroup 57 and if there are outstanding disbursements to account 539.

531. Representative short-term debt securities of related parties.

Short-term investments in bonds, bonds or other debt securities, including those that set their performance on the basis of indices or similar systems, issued by related parties, with maturity not more than one year.

It will appear in the current asset of the balance sheet.

5313/5314/5315.

Generally speaking, the four-figure quoted accounts move is as follows:

a) They will be loaded:

to₁) To the subscription or purchase, for the purchase price, excluding the explicit accrued and unexpired interest, with credit to subgroup 57 accounts.

to₂) For the financial income earned until the value of the value is reached, with credit, generally, to account 761.

(b) They shall be paid for the disposal, amortisation or deactivation of the assets of the securities, usually charged to the accounts of subgroup 57 and in case of losses to the account 666.

(c) If the securities are classified in the category of "Financial assets available for sale", they shall be charged or paid for the changes in fair value, with credit or charge, respectively, to the accounts 900 and 800, except the part corresponding to differences of change to be recorded with credit or charge to accounts 768 and 668. They shall also be charged when the value for the negative balance accumulated in the net worth is impaired, with credit to account 902.

532. Short term credits to related parties.

Short-term investments in loans and other non-commercial loans, including derivatives of fixed assets, those arising from leasing transactions and short-term impositions, whether or not they are formalised by means of rotation, granted to related parties, with a maturity of not more than one year. The different appropriations mentioned shall be in five-digit accounts.

It will appear in the current asset of the balance sheet.

5323/5324/5325.

The four-figure cited accounts move is as follows:

a) They will be loaded.

to₁) To credit formalization, for the amount of credit, with credit to subgroup 57 accounts.

to₂) For the financial income earned until the credit repayment value is reached, with credit, generally, to account 762.

(b) They shall be paid for the full or partial or low return of the asset, generally payable to the accounts of subgroup 57 and in the event of losses to account 667.

533. Short-term interest of representative debt securities of related parties.

Interest receivable, with maturity not exceeding one year, of debt securities to related parties.

It will appear in the current asset of the balance sheet.

5333/5334/5335.

The four-figure cited accounts move is as follows:

a) They will be loaded:

to₁) To the subscription or purchase of the securities, for the amount of accrued and unexpired explicit interest whose maturity is not greater than one year, with credit, generally, to the accounts of subgroup 57.

to₂) For the explicit interest accrued, the maturity of which is not greater than one year, with credit to account 761.

b) They will be paid:

b₁) For the amount of interest charged, from the accounts of subgroup 57.

b₂) To the disposal, amortisation or deactivation of the asset of the securities, with charge, generally, to the accounts of subgroup 57 and in case of losses to the account 666.

534. Short-term interest on loans to related parties.

Interest receivable, with maturity not exceeding one year, of credits to related parties.

It will appear in the current asset of the balance sheet.

5343/5344/5345.

The four-figure cited accounts move is as follows:

(a) They shall be charged for the explicit interest accrued, the maturity of which is not more than one year, with credit to account 762.

b) They will be paid:

b₁) For the amount of interest charged, from the accounts of subgroup 57.

b₂) For the full or partial, or partial, drawback of the asset, generally taken into account in subgroup 57 and in case of losses to account 667.

535. Dividend receivable from financial investments in related parties.

Dividend credits, whether definitive or "on account", receivable, from financial investments in related entities.

It will appear in the current asset of the balance sheet.

5353/5354/5355.

The four-figure cited accounts move is as follows:

a) They will be charged for the amount accrued, with credit to the account 760.

(b) They shall be paid for the amount charged, usually charged to the accounts of subgroup 57 and for the withholding of account 473.

539. Outstanding disbursements on short-term shares in related parties.

Outstanding, non-required disbursements on shares in the net worth of related parties, when they have the consideration of short-term financial investments.

It shall be included in the current balance sheet asset, by minoring the item in which the corresponding holdings are accounted for.

5393/5394/5395.

The four-figure cited accounts move is as follows:

(a) They shall be paid to the acquisition or subscription of the shares, for the amount outstanding, with the account of the account 530.

(b) They shall be charged for the disbursements that are required, with credit to account 556, or account 530 for outstanding balances, when assets are not fully disbursed.

54. OTHER SHORT-TERM FINANCIAL INVESTMENTS.

540. Short-term financial investments in equity instruments.

541. Short-term representative debt securities.

542. Short-term credits.

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

544. Short-term credit to staff.

545. Dividend receivable.

546. Short-term interest on debt securities.

547. Short term interest on loans.

548. Short-term impositions.

549. Outstanding disbursements on short-term equity instruments.

Temporary financial investments not related to related parties, whatever their form of instrumentation, including accrued interest, with maturity not exceeding one year or without maturity, when the company intends to sell them in the short term.

The share of long-term investments that have a short maturity must be included in the current balance sheet asset under the heading 'Short-term financial investments'; for this purpose, the amount of the balance shall be transferred to this sub-group. which represents the long-term investment with short-term maturity of the relevant accounts of the subgroup 26.

540. Short-term financial investments in equity instruments.

Short-term investments in equity rights-shares with or without listing on a regulated market or other securities, such as, shares in collective investment institutions, or shares in entities of limited liability-of entities that do not have the consideration of related parties.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) To the subscription or purchase, with credit to sub-group 57 accounts and, if applicable, account 549.

to₂) By variations in fair value, with credit to account 763.

b) It will be paid:

b₁) By variations in fair value, with account 663.

b₂) By the enajenations and in general by the asset's decline, with charge, generally, to the accounts of subgroup 57 and if there are outstanding disbursements to account 549.

541. Short-term representative debt securities.

Short-term investments, by subscription or acquisition of bonds, bonds or other fixed income securities, including those that set their performance on the basis of indices or similar systems.

When securities entered into or acquired have been issued by related parties, the investment shall be reflected in account 531.

It will appear in the current asset of the balance sheet.

With a general character, your move is as follows:

a) It will be loaded:

to₁) To the subscription or purchase, by the acquisition price, excluding the explicit accrued interest and not due, with credit, to the accounts of subgroup 57.

to₂) For the financial income earned until the value of the value is reached, with credit, generally, to account 761.

(b) It shall be paid for the disposal, amortization or discharge of the assets of the securities, usually charged to the accounts of subgroup 57 and in case of losses to the account 666.

(c) If the securities are classified in the category of "Financial assets available for sale", it shall be charged or paid for the changes in their fair value, with credit or charge, respectively, to the accounts 900 and 800, except for a part corresponding to differences of change to be recorded with credit or charge to accounts 768 and 668. It shall also be charged when the value for the negative balance accumulated in the net worth is impaired, with credit to account 902.

542. Short-term credits.

Loans and other non-commercial loans granted to third parties including those formalised by way of rotation, with a maturity of not more than one year.

When the credits have been agreed with related parties, the investment will be reflected in the account 532.

This account shall also include capital donations and legacies, reintegrable or not, granted to the institution, to be paid in the short term, which are settled by the delivery of cash or other financial instruments, excluding grants to be registered in the accounts of subgroups 44 or 47.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) To credit formalization for the amount of credit, with credit, generally, to subgroup 57 accounts.

to₂) For the financial income earned until the credit repayment value is reached, with credit, generally, to account 762.

(b) It shall be paid for the full or partial or low return of the asset, generally payable to the accounts of subgroup 57 and in the event of losses to account 667.

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

Credits to third parties whose maturity does not exceed one year, with origin in the disposal of fixed assets.

When the credit for the disposal of fixed assets has been agreed with related parties, the investment shall be reflected in the account 532.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) For the amount of such credits, excluding any interest that would otherwise have been agreed, with credit to group 2 accounts.

to₂) For the financial income earned until the credit repayment value is reached, with credit, generally, to account 762.

(b) It shall be paid for the full or partial or low return of the asset, generally payable to the accounts of subgroup 57 and in the event of losses to account 667.

544. Short-term credit to staff.

Credits granted to the staff of the institution, which does not have a related party rating, the maturity of which is not more than one year.

It will appear in the current asset of the balance sheet.

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

545. Dividend receivable.

Dividend credits, whether final or "on account", receivable.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be charged for the amount due, with credit to the account 760.

(b) It shall be paid for the amount charged, usually charged to the accounts of subgroup 57 and for the retention supported on account 473.

546. Short-term interest on debt securities.

Interest receivable, with a maturity of not more than one year, of debt securities.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be loaded:

to₁) To the subscription or purchase of the securities, for the amount of the explicit interest accrued and not due, the maturity of which is not greater than one year, with credit, generally, to the accounts of subgroup 57.

to₂) For the explicit interest accrued, the maturity of which is not greater than one year, with credit to account 761.

b) It will be paid:

b₁) For the amount of interest charged, from the accounts of subgroup 57.

b₂) To the disposal, amortisation or deactivation of the asset of the securities, with charge, generally, to the accounts of subgroup 57 and in case of losses to the account 666.

547. Short term interest on loans.

Interest receivable, with maturity not exceeding one year, of claims.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) It shall be charged for the explicit interest accrued, the maturity of which is not more than one year, with credit to account 762.

b) It will be paid:

b₁) For the amount of interest charged, from the accounts of subgroup 57.

b₂) For the total or partial repayment of the asset, in charge, generally to the accounts of subgroup 57 and in case of losses to account 667.

548. Short-term impositions.

Favorable balances in Banks and Credit Institutions formalized by means of "term account" or similar, with maturity not exceeding one year and in accordance with the conditions governing the financial system. Interest receivable, with a maturity of not more than one year, shall also be included with due development in four-digit accounts.

When the forward impositions have been concerted with related parties, the investment shall be reflected in the account 532.

It will appear in the current asset of the balance sheet.

Your move is as follows:

a) It will be charged to formalization, for the amount delivered.

b) You will be paid to recover or transfer funds.

549. Outstanding disbursements on shares in the net worth in the short term.

Outstanding, non-required disbursements on equity holdings of entities that do not have the consideration of related parties, in the case of short-term financial investments.

It shall be included in the current balance sheet asset, by minoring the item in which the corresponding holdings are accounted for.

Your move is as follows:

(a) The acquisition or subscription of the shares shall be paid, for the amount outstanding, payable to account 540.

(b) It shall be debited from the disbursements that are required, with credit to account 556 or account 540 for outstanding balances, when assets are not fully disbursed.

55. OTHER NON-BANK ACCOUNTS.

551. Current account with employers and others.

552. Current account with other people and linked entities.

5523. Current account with entities in the group.

5524. Current account with associated entities.

5525. Current account with other related parties.

553. Current accounts in mergers.

5530. Current account with the dissolved entity.

5531. Current account with the acquiring or newly created society.

554. Current account with temporary joins of entities and communities of goods.

555. Items pending application.

556. Disbursements required on equity holdings.

558. Founders and partners for required disbursements.

559. Short-term financial derivatives.

5590. Assets for short-term financial derivatives, trading book.

5593. Assets for short-term financial derivatives, hedging instruments.

5595. Financial derivatives liabilities in the short term, trading book.

5598. Liabilities for short-term financial derivatives, hedging instruments.

551. Current account with employers and others.

Current account with employers and any other natural or legal person other than the Bank, banker or credit institution, or client or provider of the entity, and which do not correspond to participating accounts.

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

With a general character, your move is as follows:

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

552. Current account with other people and linked entities.

Current cash accounts with any other natural or legal person other than employer, bank, banker or credit institution, or client or provider of the entity, and which do not correspond to participating accounts.

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

With a general character, your move is as follows:

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

553. Current accounts in mergers.

Current accounts to record the transfer of the assets, the delivery of consideration and the corresponding changes in net worth of the entities involved in the merger operations.

Generally speaking, the content and movement of the four-digit quoted accounts is as follows:

5530. Current account with the dissolved entity.

Current account of the newly created absorbent entity.

(a) It shall be paid at the time of receipt of the transfer of the acquired assets and liabilities assumed.

(b) It shall be charged at the time of the increase in own funds, with credit to the corresponding accounts of the subgroup 10.

5531. Current account with the absorbent or newly created entity.

Current account of entities that are extinguished in a merge.

(a) The time of the transfer shall be charged to the acquiring or newly created entity of the acquired assets and liabilities assumed.

(b) The entity shall be paid, after the termination of the institution, from the corresponding accounts of the entity's net worth that is extinguished.

554. Current account with temporary joins of entities and communities of goods.

Collects the movements with the temporary unions of entities and communities of goods in which the entity participates, derivatives of cash contributions, including the foundation, money returns of the temporary unions of entities, mutual benefits of means, services and other supplies, and allocations of the results obtained therein.

Your move is as follows:

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

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

555. Items pending application.

Remittances from funds received whose cause is not, in principle, identifiable and provided that they do not correspond to operations which by their nature should be included in other sub-groups. Such remittances will remain registered in this account the time strictly necessary to clarify their cause.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) It shall be paid for the charges that are incurred, from the accounts of subgroup 57.

b) It will be charged when the application is made, with credit to the account to which it actually corresponds.

556. Disbursements required on equity holdings.

Required disbursements and outstanding payments for equity holdings.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) It shall be paid when the disbursement is required, from the accounts of the subgroups, 25, 26, 53 or 54.

(b) It shall be charged for the disbursements that are made, with credit to sub-group 57 accounts.

558. Founders and partners for required disbursements.

Foundation endowment or social fund, pending disbursement, the amount of which has been required of the founders or associates.

It will be broken down with due development into four-figure accounts, outstanding disbursements in arrears.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) You will be charged for the required disbursements, with credit to the accounts 103 and 104 as appropriate.

(b) It shall be paid to the extent that such disbursements are carried out, from the accounts of subgroup 57.

559. Short-term financial derivatives.

Amount corresponding to transactions in financial derivatives whose settlement period is not more than one year. In particular, premiums paid or charged in respect of options as well as, in general, changes in the fair value of the financial instruments that the institution operates shall be collected in this account: options, futures, financial swaps, foreign currency trading, etc. Also included are the implied derivatives of hybrid financial instruments acquired, issued or assumed, that meet the criteria for inclusion in this account, with the creation of accounts of four or more figures that identify that is an implicit derivative.

The four-figure cited accounts move is as follows:

5590. Assets for short-term financial derivatives, trading book.

It will appear in the current asset of the balance sheet.

a) It will be loaded:

to₁) For the amounts satisfied at the time of the hiring, with credit, generally, to subgroup 57 accounts.

to₂) For the earnings that are generated in the exercise, with credit to account 7630.

b) It will be paid:

b₁) For any losses incurred in the financial year up to the limit of the amount for which the derivative was recorded in the asset in the previous financial year, with the account of the account 6630.

b₂) For the amount received at the time of settlement, generally held at the accounts of subgroup 57.

5593. Assets for short-term financial derivatives, hedging instruments.

It will appear in the current asset of the balance sheet.

a) It will be charged for the amounts satisfied at the time of the hiring, with credit, generally to the accounts of subgroup 57.

(b) When the derivative is used as a hedging instrument, in fair value coverage:

b₁) You will be charged for the earnings that are generated in the exercise when you apply the rules governing hedge accounting, with credit to an account that will be charged to the income account in the same item as the losses that are generated in the covered items are included in the assessment of the covered irrigation at fair value.

b₂) It will be paid:

(i) For losses incurred in the financial year when applying the rules governing the accounting of hedges, up to the limit of the amount for which the derivative was recorded in the asset in the previous financial year, with a charge an account to be charged to the profit or loss account in the same item in which the earnings that are generated in the covered items are included in the assessment of the risk covered by its fair value.

(ii) At the time the asset is acquired or the liability is assumed to be covered, by the accounts in which the assets are accounted for.

(c) Where the derivative is used as a hedging instrument, in other hedging operations, on the effective part, it shall be charged or paid, for the gain or loss generated in the financial year when applying the rules governing the accounting for hedges, with credit or charge, to the accounts of subgroup 91 and 81, respectively, and for the ineffective part, to accounts 7633 and 6633.

(d) It shall be paid for the amount received at the time of settlement, generally held at the accounts of subgroup 57.

5595. Financial derivatives liabilities in the short term, trading book.

It will appear in the current liabilities of the balance sheet.

a) It will be paid:

to₁) For the amount received at the time of the hiring, generally held to account for subgroup 57.

to₂) For any losses that are generated in the exercise, from account 6630.

b) Charged:

b₁) For earnings that are generated in the financial year up to the limit of the amount for which the derivative was recorded on the liability in the previous financial year, with credit to account 7630.

b₂) For the amounts satisfied at the time of settlement, with credit, generally, to the accounts of subgroup 57.

5598. Liabilities for short-term financial derivatives, hedging instruments.

It will appear in the current liabilities of the balance sheet.

(a) It shall be paid for the amount received at the time of the procurement, usually from the accounts of subgroup 57.

(b) When the derivative is used as a hedging instrument, in fair value coverage:

b₁) It will be loaded:

(i) For earnings that are generated in the financial year when applying the rules governing hedge accounting, up to the limit of the amount by which the derivative was recorded in the liability in the previous financial year, with credit to an account which shall be charged to the profit and loss account in the same item in which the losses incurred in the items covered are included in the assessment of the risk covered by its fair value.

(ii) At the time when the asset is acquired or the liabilities covered are assumed, with credit to the accounts in which such assets are accounted for.

b₂) It shall be paid for any losses incurred in the financial year when applying the rules governing the accounting for hedges, with an account to be charged to the profit or loss account in the same item as the earnings that are generated in the covered items are included in the assessment of the risk covered by their fair value.

(c) Where the derivative is used as a hedging instrument, in other hedging operations, on the effective part, it shall be charged or paid, for the gain or loss generated in the financial year when applying the rules governing the accounting for hedges, with credit or charge, to the accounts of subgroup 91 and 81, respectively, and for the ineffective part, to accounts 7633 and 6633.

(d) It shall be charged for the amounts satisfied at the time of settlement, with credit, generally, to sub-group 57 accounts.

56. BONDS AND DEPOSITS RECEIVED AND CONSTITUTED IN THE SHORT TERM AND ADJUSTMENTS FOR THE PERIOD.

560. Bonds received in the short term.

561. Deposits received in the short term.

565. Securities incorporated in the short term.

566. Deposits made up in the short term.

567. Interest paid in advance.

568. Interest charged in advance.

569. Short-term financial guarantees.

The part of the bonds and deposits, received or constituted and financial guarantees granted, in the long term having a short maturity must appear on the liabilities or current assets of the balance sheet; for this purpose it shall be transferred to this sub-group is the amount representing the long-term bonds, deposits and financial guarantees with short maturity of the relevant accounts of subgroups 18 and 27.

560. Bonds received in the short term.

Cash received as a guarantee of compliance with an obligation, not longer than one year.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) Be paid to the constitution, for the cash received, from accounts of subgroup 57.

b) Charged:

b₁) To cancel, with credit to subgroup 57 accounts.

b₂) For non-compliance with the established obligation to determine losses on the bond, with credit to account 759.

561. Deposits received in the short term.

Cash received as an irregular deposit, no longer than one year.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) Be paid to the constitution, for the cash received, from accounts of subgroup 57.

b) The cancellation will be debited, with subscription to sub-group 57 accounts.

565. Securities incorporated in the short term.

Cash delivered as a guarantee of compliance with an obligation, not longer than one year.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) The constitution shall be charged for the cash delivered by crediting to the accounts of subgroup 57.

b) It will be paid:

b₁) To the cancellation, from the accounts of the 57 subgroup.

b₂) For non-compliance with the established obligation to determine losses on the bond, at account 659.

566. Deposits made up in the short term.

Cash delivered as an irregular deposit, not later than one year.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) The constitution shall be charged for the cash delivered by crediting to the accounts of subgroup 57.

b) You will pay to the cancellation, from the accounts of subgroup 57.

567. Interest paid in advance.

Interest paid by the entity corresponding to subsequent years.

It will appear in the current asset of the balance sheet.

Your move is as follows:

(a) It shall be charged at the end of the financial year with credit to the accounts of the sub-group 66 that have recorded the interest accounted for.

(b) It shall be paid at the beginning of the following financial year from the accounts of subgroup 66.

568. Interest charged in advance.

Interest charged by the entity corresponding to subsequent years.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

(a) Be paid at the end of the financial year in charge of the accounts of sub-group 76 that have recorded the interest accounted for.

(b) The following year shall be charged with credit to the accounts of subgroup 76.

569. Short-term financial guarantees.

Financial guarantees granted by the institution within a period of not more than one year. In particular, endorsements granted, provided that their registration does not apply to account 529.

It will appear in the current liabilities of the balance sheet.

Your move is as follows:

a) It will be paid:

to₁) To the constitution, by the cash received, from account of subgroup 57.

to₂) By increasing the obligation, with account 669.

b) Charged:

b₁) By the decrease in the obligation and by the earned income, with credit to account 769.

b₂) To cancel, with credit to subgroup 57 accounts.

57. Treasury.

570. Box, EUR.

571. Box, foreign currency.

572. Banks and credit institutions c/c view, euro.

573. Banks and credit institutions c/c view, foreign currency.

574. Banks and credit institutions, savings accounts, euros.

575. Banks and credit institutions, savings accounts, foreign currency.

576. Short-term investments with high liquidity.

570/571. Box, ...

Liquid-in-box media disposal.

They will be in the current asset of the balance sheet.

Your move is as follows:

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

572/573/574/575. Banks and credit institutions ...

Balances in favor of the entity, in current accounts and savings of immediate availability in Banks and Credit Institutions, with the understanding of such savings banks, rural banks and credit unions. balances located in Spain and similar entities in the case of balances located abroad.

The balances in the banks and institutions referred to when they are not immediately available, as well as the balances of immediate disposition if they are not held by banks or the banks, shall be excluded from accounting in this subgroup. institutions concerned. Bank overdrafts shall also be excluded which shall in any case be included in the current liabilities of the balance sheet.

They will be in the current asset of the balance sheet.

Your move is as follows:

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

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

576. Short-term investments with high liquidity.

Cash convertible financial investments, with a maturity of not more than three months from the date of acquisition, that do not have significant value change risks and which are part of the normal management policy of the entity's treasury.

It will appear in the current asset of the balance sheet.

Your move is as follows:

It shall be charged at the entry of the financial investments and shall be paid upon departure, with credit and charge to the accounts to be served as a counterpart.

58. NON-CURRENT ASSETS HELD FOR SALE AND ASSOCIATED ASSETS AND LIABILITIES.

580. Fixed.

581. Investments with related persons and entities.

582. Financial investments.

583. Stocks, commercial debtors and other receivables.

584. Other assets.

585. Provisions.

586. Debts with special characteristics.

587. Debts to persons and related entities.

588. Commercial creditors and other accounts payable.

589. Other liabilities.

Non-current assets on an individual basis, as well as other non-current or current assets and liabilities included in a pool of items, the recovery of which is expected to be performed primarily through its sale, in place of continued use, including those that are part of an interrupted operation that would have been classified as maintained for sale.

580/584.

These accounts will figure in the current asset of the balance sheet.

Your movement, generally, is as follows:

a) They will be loaded:

to₁) At the time the conditions for classification are met, in accordance with the rules of registration and valuation contained in the second part of this text, with credit to the respective current and non-current asset accounts.

to₂) For financial assets that, for the purposes of their valuation, are classified in the category of "Financial assets held for trading" or "Other financial assets at fair value" changes in the profit and loss account ' due to changes in fair value, with credit to account 763.

to₃) In the case of financial assets which, for the purpose of their valuation, are classified in the category of "Financial assets available for sale", for changes in fair value, with credit to the account 960, except the share of exchange differences in monetary items to be recorded with credit to account 768.

to₄) Where applicable, by the accrual financial income, with credit to the corresponding account of subgroup 76.

b) They will be paid:

b₁) At the time the disposal or disposal is produced by another route of the non-current asset or the set group of items, generally charged to the accounts of subgroup 57 and in case of losses to the account from subgroup 67 that corresponds to the nature of the asset.

b₂) In the case of financial assets which, for the purpose of their valuation, are classified in the category of "Financial assets held for trading" or "Other financial assets at fair value" changes in the profit and loss account ', due to changes in fair value, from account 663.

b₃) In the case of financial assets which, for the purposes of their valuation, are classified in the category of "Financial assets available for sale", for changes in fair value from the account 860, with the exception of the share of exchange differences in monetary items to be recorded under account 668.

b₄) If the non-current asset or the item's enajenable group will cease to meet the requirements for its classification as maintained for sale in accordance with the provisions of the contained registration and valuation rules in the second part of this text, from the respective accounts of the current and non-current asset.

585/589.

These accounts shall be in the current liabilities of the balance sheet.

Your movement, generally, is as follows:

a) They will be paid:

to₁) At the time the conditions for classification are met, in accordance with the provisions of the registration and valuation rules contained in the second part of this text, from the respective accounts of current and non-current liabilities.

to₂) In the case of financial liabilities which, for the purposes of their valuation, are classified in the category of "Financial liabilities held for trading" or "Other financial liabilities at fair value" changes in the profit and loss account ', due to changes in fair value, from account 663.

to₃) If applicable, for the accrued financial expense, from the corresponding account of subgroup 66.

b) They will be loaded:

b₁) At the time that the disposal or disposition is produced by another path in the item's enajenable group.

b₂) In the case of financial liabilities which, for the purposes of their valuation, are classified in the category of 'Financial liabilities held for trading' or 'Other financial liabilities at fair value' changes in the profit and loss account ' due to changes in fair value, with credit to account 763.

b₃) If the item-inable group of items no longer meets the requirements for classification as maintained for sale in accordance with the rules of registration and valuation contained in the second part of the this text, with credit to the respective current and non-current liability accounts.

59. IMPAIRMENT OF THE VALUE OF SHORT-TERM FINANCIAL INVESTMENTS AND NON-CURRENT ASSETS HELD FOR SALE.

593. Impairment of value of short-term shares in related parties.

5933. Impairment of short-term interest in group entities.

5934. Impairment of short term interest in associated entities.

594. Impairment of the value of short term debt securities of related parties.

5943. Impairment of the value of representative short-term debt securities of group entities.

5944. Impairment of the value of representative short-term debt securities of associated entities.

5945. Impairment of the value of short-term debt securities of other related parties.

595. Impairment of short-term credit value to related parties.

5953. Impairment of short-term credit value to group entities.

5954. Impairment of short-term credit value to associated entities.

5955. Impairment of short-term credit value to other related parties.

597. Impairment of value of debt securities in the short term.

598. Impairment of short-term credit value.

599. Impairment of non-current asset value held for sale.

Accounting expression of value corrections driven by impairment losses of assets included in group 5.

In the case of subsequent value recoveries, in accordance with the relevant registration and valuation rules, the recognised impairment losses should be reduced to their total recovery, where appropriate in accordance with the provisions of those rules.

The accounts of this subgroup shall be included in the current balance sheet asset by minoring the item on which the relevant asset item is listed.

593. Impairment of value of short-term shares in related parties.

Amount of value impairment valuation corrections corresponding to short-term investments in related parties.

5933/5934.

The four-figure cited accounts move is as follows:

(a) They shall be paid for the amount of the estimated impairment, to be charged to the profit or loss account in accordance with the provisions of the registration and valuation rules, under account 698.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to account 798, disappear.

b₂) When the values are set or are dropped from the asset for any other reason, with credit to subgroup 53 accounts.

594. Impairment of the value of short term debt securities of related parties.

Amount of the value impairment valuation corrections that corresponds to short-term investments in debt securities issued by persons or entities that have the status of related parties.

5943/5944/5945.

The four-figure cited accounts move is as follows:

(a) They shall be paid for the amount of the estimated impairment, charged to account 698.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to account 798, disappear.

b₂) When the values are set or are dropped from the asset for any other reason, with credit to subgroup 53 accounts.

595. Impairment of short-term credit value to related parties.

Amount of value impairment valuation corrections for short term loans granted to related parties.

5953/5954/5955.

The four-figure cited accounts move is as follows:

(a) They shall be paid for the amount of the estimated impairment, charged to account 699.

b) They will be loaded:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to account 799, disappear.

b₂) By the credit portion that is nonperforming, with credit to subgroup 53 accounts.

597. Impairment of value of debt securities in the short term.

Amount of value impairment valuation corrections that corresponds to short-term investments in debt securities issued by persons or entities that do not have a party rating linked.

Your movement is analogous to the one pointed out for account 594.

598. Impairment of short-term credit value.

Amount of Value Impairment Corrections of Value in Subgroup 54 Credits.

Your movement is analogous to that noted for account 595.

599. Impairment of non-current asset value held for sale.

Amount of value impairment valuation corrections on non-current assets held for sale or on assets that are part of a pool of items held for sale.

Your move is as follows:

(a) It shall be paid for the amount of the estimated impairment, from the corresponding account of subgroup 69.

b) Charged:

b₁) When the causes that determined the recognition of the impairment value correction, with credit to the account corresponding to the subgroup 79, disappear.

b₂) When the asset is set to or is lowered from the asset for any other reason, with credit to the group 58 accounts.

GROUP 6

Purchases and Expenses

Expenses that have their origin in the supply of goods destined for the activity, either without altering their form and substance, or prior submission to processes of adaptation, transformation or construction. It also includes all expenditure for the financial year, including purchases of services and consumable materials.

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

60. BUY.

600. Purchases of goods destined for the activity.

601. Purchases of raw materials.

602. Purchases of other supplies.

606. Discounts on purchases for early payment.

607. Jobs performed by other entities.

608. Purchase returns and similar operations.

609. "Rappels" for purchases.

The accounts of subgroup 60 shall be adapted by the entities to the characteristics of the operations they perform, with the specific name that corresponds to them.

600/601/602/607. Shopping for ...

Sourcing the entity of goods included in subgroups 30, 31, and 32.

Also understand the jobs that, as part of the production process itself, are more expensive to other entities.

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

In particular, account 607 will be charged to the receipt of the jobs entrusted to other entities.

606. Discounts on purchases for early payment.

Discounts and assimilates that grant the entity its suppliers, for payment, not included in the invoice.

Your move is as follows:

(a) It shall be paid for the discounts and assimilated granted, usually charged to the accounts of the subgroup 40.

(b) The balance shall be charged at the end of the financial year, with credit to account 129.

608. Purchase returns and similar operations.

Remittances returned to suppliers, usually for non-compliance with the order conditions. This account shall also account for discounts and similar discounts arising from the same cause, which are after receipt of the invoice.

Your move is as follows:

(a) It shall be paid for the amount of the purchases that are returned and, where applicable, for the discounts and the like obtained, from the accounts of the subgroup 40 or 57.

(b) The balance shall be charged at the end of the financial year, with credit to account 129.

609. "Rappels" for purchases.

Discounts and similar ones that are based on having reached a certain order volume.

With a general character, your move is as follows:

(a) It shall be paid for the "rappels" corresponding to the entity, granted by the suppliers, from the accounts of the subgroup 40 or 57.

(b) The balance shall be charged at the end of the financial year, with credit to account 129.

61. STOCK VARIATION.

610. Change in stocks of goods destined for the activity.

611. Change in stocks of raw materials.

612. Change in stocks of other supplies.

610/611/612. Variation of stocks of ...

Accounts intended to record, at the end of the financial year, changes between final and initial stocks, corresponding to sub-groups 30, 31 and 32 (goods for the activity, raw materials and other supplies).

Your move is as follows:

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

62. EXTERNAL SERVICES.

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

621. Leases and royalties.

622. Repairs and preservation.

623. Services of independent professionals.

624. Transport.

625. Insurance premiums.

626. Banking and similar services.

627. Advertising, propaganda and public relations.

628. Supplies.

629. Other services.

Services of a different nature acquired by the institution, not included in the sub-group 60 or which are not part of the purchase price of fixed assets or short-term financial investments.

Charges in the accounts 620/629 shall normally be credited to account 410, to the accounts of subgroup 57, to provisions of subgroup 14 or account 529 or, if applicable, to account 475.

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

Research and development expenses for services entrusted to other entities.

621. Leases and royalties.

Leases.

Accruals for the rental or operating lease of movable and immovable property in use or at the disposal of the entity.

Canyons.

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

622. Repairs and preservation.

The sustainment of the goods in group 2.

623. Services of independent professionals.

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

624. Transport.

Transport by the entity carried out by third parties, where it is not necessary to include them in the purchase price of the fixed asset or the stock. This account will include, among others, sales transports.

625. Insurance premiums.

Amounts satisfied by insurance premiums, except those relating to the entity's staff and those of a financial nature.

626. Banking and similar services.

Amounts satisfied in terms of banking services and the like, which do not have the consideration of financial expenses.

627. Advertising, propaganda and public relations.

Amount of expenses satisfied by the concepts indicating the naming of this account.

628. Supplies.

Electricity and any other supplies that do not have the quality of storage.

629. Other services.

Those not included in the accounts above.

This account will include, among others, the travel expenses of the entity's staff, including transportation, and office expenses not included in other accounts.

63. Tributes.

630. Profit tax.

6300. Current tax.

6301. Deferred tax.

631. Other tributes.

633. Negative adjustments to taxation on profits.

634. Negative adjustments to indirect taxation.

6341. Negative adjustments to current active VAT.

6342. Negative adjustments in investment VAT.

636. Tax refund.

638. Positive adjustments in taxation on profits.

639. Positive adjustments in indirect taxation.

6391. Positive adjustments in current active VAT.

6392. Positive adjustments in investment VAT.

630. Profit tax.

Amount of the profit tax due in the exercise, except for the reason of a transaction or event that has been recognised directly in a net worth item, or because of a combination of business.

Generally speaking, the content and movement of the four-digit quoted accounts is as follows:

6300. Current tax.

a) It will be loaded:

to₁) For the fee to enter, credit to account 4752.

to₂) For the supported holds and income on account of the tax made, up to the amount of the period's liquid quota, with credit to account 473.

(b) It shall be paid for the share of previous financial years recovered by the institution as a result of tax settlements or tax on profit, with account of 4709.

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

6301. Deferred tax.

a) It will be loaded:

to₁) For the amount of liabilities for taxable temporary differences originating in the financial year, with credit to account 479.

to₂) By applying the assets for temporary differences deductible from previous exercises, with credit to account 4740.

to₃) For the application of the tax credit as a result of the compensation in the exercise of negative taxable bases of previous years, with credit to account 4745.

to₄) For the amount of the tax effect of permanent differences to be imputed in multiple exercises, with credit to account 834.

to₅) For the amount of the tax effect corresponding to deductions and bonuses to be imputed in various exercises, with credit to account 835.

to₆) By the tax application of the previous exercise deductions or bonuses, with credit to account 4742.

to₇) For the amount of the tax effect derived from the transfer to income results directly imputed to the net worth that would have caused the corresponding current tax in previous years, with credit to account 8301.

b) It will be paid:

b₁) For the amount of assets for deductible temporary differences originating in the year, with account of 4740.

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

b₃) By the cancellation of liabilities for taxable temporary differences from previous years, with account 479.

b₄) Due to the periodic differences that are caused by the exercise, count 836.

b₅) For the periods deductions and allowances that are charged to the exercise, with account 837.

b₆) By the assets by deductions and other unused tax advantages, pending tax enforcement, charged to account 4742.

b₇) For the amount of the tax effect resulting from the transfer to results of expenses directly attributed to the net worth that would have caused the corresponding current tax in previous years, with charge to account 8301.

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

631. Other tributes.

Amount of the taxes on which the entity is a contributor and do not have a specific seat in other accounts of this subgroup or in account 477.

Also excepted are the taxes that must be charged in other accounts according to the definitions of the same, as is the case, among others, with the accounts in the accounts 600/602 and in the subgroup 62.

This account will be charged when the taxes are payable, with credit to the accounts of the subgroups 47 and 57. The amount of the provision provided for in the financial year shall also be charged to the accounts 141 and 5291.

633. Negative adjustments to taxation on profits.

Decrease, known in the exercise, of deferred tax assets or increase, equally known in the financial year, of deferred tax liabilities, in respect of previously deferred tax assets and liabilities generated, unless such balances have originated as a result of a transaction or event that would have been directly recognised in a net worth item.

It will be loaded:

to₁) For the least amount of the asset for deductible temporary differences, with credit to account 4740.

to₂) For the least amount of the loss tax credit to compensate, with credit to account 4745.

to₃) By the least amount of the asset by deductions and bonuses to be applied, with credit to account 4742.

to₄) For the largest amount of the liability for taxable temporary differences, with credit to account 479.

634. Negative adjustments to indirect taxation.

Increased indirect tax expense, which occurs as a result of regularizations and changes in the entity's tax situation.

6341/6342. Negative adjustments in VAT ...

Amount of the negative differences resulting from the deductible input VAT corresponding to the transactions of goods or services of the current asset or of investment goods, when the derivative annual regularisations are carried out of the application of the Prorrata Rule.

These accounts will be charged for the amount of the annual regularization, with credit to account 472.

636. Tax refund.

Amount of tax refunds payable by the entity as a result of payments unduly made, excluding those that had been loaded into group 2 accounts.

Your move is as follows:

(a) It shall be paid when the returns are payable, with the account of 4709.

(b) The balance shall be charged at the end of the financial year, with credit to account 129.

638. Positive adjustments in taxation on profits.

Increase, known in the financial year, of assets by deferred tax or decrease, equally known in the financial year, of deferred tax liabilities, in respect of previously deferred tax assets and liabilities generated, unless such balances have originated as a result of a transaction or event that would have been directly recognised in a net worth item.

With a general character, your move is as follows:

a) It will be paid:

to₁) For the largest amount of the asset for deductible temporary differences, from the 4740 account.

to₂) For the largest amount of the loss tax credit to be offset, charged to account 4745.

to₃) By the largest amount of the asset by deductions and bonuses that are pending to be applied, under account 4742.

to₄) By the lower amount of the taxable temporary differences liability, charged to account 479.

(b) The balance shall be charged at the end of the financial year, with credit to account 129.

639. Positive adjustments in indirect taxation.

Decrease in indirect tax expense, which occurs as a result of regularizations and changes in the entity's tax situation.

6391/6392. Positive adjustments in VAT.

Amount of the positive differences resulting from the deductible input VAT corresponding to the transactions of goods or services of the current asset or of investment goods, when the derivative annual regularisations are carried out of the application of the Prorrata Rule.

Your move is as follows:

(a) They shall be paid for the amount of the annual regularisation, charged to account 472.

(b) They shall be charged for the balance at the end of the financial year, with credit to account 129.

64. PERSONNEL EXPENSES.

640. Wages and salaries.

641. Compensation.

642. Social security in charge of the entity.

643. Long-term remuneration through defined contribution systems.

644. Long-term remuneration through defined benefit systems.

6440. Annual contributions.

6442. Other costs.

649. Other social expenses.

Remuneration to staff, whatever form or concept they are satisfied with; Social Security contributions by the entity and other expenses of a social nature.

640. Wages and salaries.

Remuneration, fixed and eventual, to the staff of the entity.

To be charged for the full amount of accrued remuneration:

to₁) For cash payment, with credit to subgroup 57 accounts.

to₂) For accruals and unpaid, with credit to account 465.

to₃) For outstanding debt compensation, with credit to accounts 264, 460, and 544 as applicable.

to₄) By withholding taxes and Social Security contributions from staff, with credit to subgroup 47 accounts.

641. Compensation.

Quantities that are delivered to the entity's personnel to resarcirle from damage or injury. Specifically included in this account are severance payments and early retirements.

It will be charged for the amount of compensation, with credit, generally, to the accounts of subgroups 14, 46, 47 or 57.

642. Social security in charge of the entity.

Fees of the entity in favor of the Social Security agencies for the various benefits that they perform.

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

643. Long-term remuneration through defined contribution systems.

Amount of contributions due on long-term remuneration to the staff of the institution, such as pensions or other retirement or retirement benefits, which are articulated through a defined contribution system.

a) It will be loaded:

to₁) For the amount of annual contributions to pension plans or other similar institutions external to the cash-satisfied entity, with credit to sub-group 57 accounts.

to₂) For the amount of premiums written and unpaid, with credit to account 466.

644. Long-term remuneration through defined benefit systems.

Amount of contributions due on long-term remuneration to the staff of the institution, such as pensions or other retirement or retirement benefits, which are articulated through a defined benefit system.

6440. Annual contributions.

Amount of the annual contribution to the defined benefit system.

It will be charged for the amount of the cost of the service of the current exercise related to pension plans or other similar institutions external to the institution, satisfied in cash, with credit, generally, to the accounts of the subgroup 57 or account 140.

6442. Other costs.

Amount of costs charged to the income statement for past services arising from the establishment of a defined benefit long-term remuneration plan or an improvement in the terms of the benefit.

It will be charged for the amount that proceeds in accordance with the registration and valuation rule applicable to these long-term remuneration plans, with credit to account 140.

649. Other social expenses.

Social expenses incurred in compliance with a provision legally or voluntarily by the entity.

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

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

65. MONETARY AID OF THE INSTITUTION AND OTHER MANAGEMENT COSTS.

650. Monetary aid.

651. Non-monetary aid.

653. Compensation of expenses for collaboration benefits.

654. Reimbursement of expenses to the governing body.

655. Losses of non-performing loans arising from the activity.

656. Results of operations in common.

6560. Benefit transferred (manager).

6561. Supported loss (participate or non-manager partner).

658. Reimbursement of grants, donations and legacies received, affected by the entity's own activity.

659. Other losses in current management.

Expenses for monetary and non-monetary aid arising from the fulfilment of the entity's own business activities, as well as other expenses for the management of the entity.

650. Monetary aid.

Amount of monetary benefits granted directly to individuals or families, as well as to entities, and performed in compliance with the entity's own purposes. The amount of monetary benefits that are made under a concerted regime through entities or institutions outside the institution is also collected, as well as the amount of aid related to international cooperation.

This account may be developed at the level of four figures, taking into account each type of aid: individuals, entities or through other entities or institutions.

Indicative title, subsidies, scholarships, maintenance and accommodation, awards, social cooperation and health care are cited.

It will be charged for the amount of aid granted, with credit to account 412 or sub-group 57 accounts.

651. Non-monetary aid.

Amount of non-cash benefits granted to individuals or families, as well as to entities, and performed in compliance with the entity's own purposes. It also covers the amount of non-cash benefits that are made on a concerted basis through entities or institutions outside the institution, as well as the amount of aid related to international cooperation.

Your movement is analogous to that of the 650 account.

If non-monetary aid consists in the disposal of a non-cash asset without consideration for a period of less than the useful life of the transferred asset, as set out in the registration and valuation rule, the amount shall be charged for the amount of the value in books of the right of use, with credit to the account 283 compensator of the asset. If the cession occurs in perpetuity, or for a period equal to or greater than its useful life, it will be charged by the book value of the asset.

653. Compensation of expenses for collaboration benefits.

Expenses incurred by volunteers and other collaborators as a result of the activities carried out in the entity; transport, food and clothing expenses are cited as an example.

For these purposes, it is understood by voluntary that it collaborates with the entity for the development of programs and activities that constitute the own end of the same and not half remuneration of any kind, either in money or in species.

It will be charged for the amount of expenses incurred with credit, generally, to subgroup 57 accounts.

654. Reimbursement of expenses to the governing body.

Amounts that are delivered to the members of the governing body as a result of the reimbursement of expenses, duly justified, that the performance of their function causes them.

It will be charged for the amount of expenses to be reimbursed with credit, generally, to subgroup 57 accounts.

655. Losses of non-performing loans arising from the activity.

Losses by firm insolvencies of customers and debtors in group 4.

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

656. Results of operations in common.

6560. Benefit transferred.

Profit which corresponds to non-management unit-holders in the transactions covered by Articles 239 to 243 of the Trade Code and in other common operations of similar characteristics.

In account 6560 the managing body shall account for such benefit, after the requirements of Article 243 have been completed, or those arising under the applicable law for other joint operations.

Account 6560 will be charged for the benefit to be attributed to non-management unit-holders, with credit to account 419, 449 or to sub-group 57 accounts.

6561. Loss supported.

Loss that corresponds to the entity as a non-manager of the finished operations to quote.

You will be charged for the amount of the loss, with credit to account 419, 449, or to subgroup 57 accounts.

658. Reimbursement of grants, donations and legacies received, affected by the entity's own activity.

Amount of grants, grants and legacies which, having been imputed to results, are payable as a result of the entity's failure to comply with the requirements or conditions laid down in the grant of the same.

It will be charged for the amount of the refund with credit, generally, to group 4 or subgroup 57 accounts.

659. Other losses in current management.

Those with this nature do not appear in previous accounts. In particular, it will reflect the annual regulation of tools and tools.

66. FINANCIAL EXPENSES.

660. Financial expenses per update of provisions.

661. Bond and bond interest.

662. Interest on debts.

663. Valuation losses of financial instruments at fair value.

6630. Trading portfolio losses.

6631. Losses of designated by the entity.

6632. Losses available for sale.

6633. Loss of hedging instruments.

665. Interest on effects discount and factoring operations.

666. Losses in units and securities representing debt.

667. Credit losses.

668. Negative differences of change.

669. Other financial expenses.

660. Financial expenses per update of provisions.

Amount of the financial burden corresponding to the value adjustments of the provisions as a financial update.

To be charged for the recognition of financial adjustment, with credit to the corresponding provisions accounts, including sub-groups 14 and 52.

661. Bond and bond interest.

Amount of interest accrued during the financial year corresponding to the financial instrument used in debt securities, irrespective of the maturity and the manner in which they are implemented such interest, including due breakdown in accounts of four or more figures, the implied interest that corresponds to the timing of the difference between the amount of redemption and the issue price of the securities, minus the costs associated with the transaction.

The accrual of interest shall be charged for the full interest of the interest, with credit, generally, to the accounts of the subgroups 17, 50 or 51 and, if applicable, to the account 475.

662. Interest on debts.

Amount of interest on loans received and other outstanding debts to be amortized, whatever the way such interest is implemented, the breakdowns in the accounts of four or more figures are performed. required; in particular, to record the implied interest associated with the operation.

The accrual of interest shall be charged for the full interest of the interest, with credit, generally, to the accounts of the subgroups 16, 17, 40, 51 or 52 and, if applicable, to the account 475.

663. Valuation losses of financial instruments at fair value.

losses arising from the fair value valuation of certain financial instruments, including those that occur on the occasion of their reclassification.

Generally speaking, the content and movement of the four-digit quoted accounts is as follows:

6630. Trading portfolio losses.

losses arising from the fair value valuation of the financial instruments classified in the category 'Financial assets held for trading' or 'Financial liabilities held for trading'.

It will be charged for the decrease in the fair value of the financial assets or the increase in the value of the financial liabilities classified in this category, with credit to the corresponding account of the asset item.

6631. Losses of designated by the entity.

Losses arising from the fair value valuation of the financial instruments classified in the category 'Other financial assets at fair value with changes in the surplus for the financial year' or ' Other financial liabilities at fair value with changes in the exercise surplus ".

Your movement is analogous to the one pointed out for account 6630.

6632. Losses available for sale.

losses arising from the loss, disposal or cancellation of financial instruments classified in the category of "Financial assets available for sale".

It will be charged at the time of the loss, disposal or cancellation of the financial instrument, due to the negative balance accumulated in the net worth with credit to the account 902.

6633. Loss of hedging instruments.

Losses incurred on hedging instruments, on cash flow hedging operations when the entity does not expect the intended transaction to take place.

The transfer to the account of the results of the negative amount directly recognised in the net worth shall be charged, with credit to account 912.

665. Interest on effects discount and factoring operations.

Interest in the discount operations of letters and other effects, as well as in "factoring" operations in which the entity substantially retains the risks and benefits of the receivables.

It will be charged for the amount of interest, with credit, generally, to account 5208 or 5209.

666. Losses in units and securities representing debt.

losses caused by the decline, disposal, or cancellation of debt securities and equity instruments, excluding those that are to be recorded in accounts 663 and 673.

It will be charged for the loss produced, with credit to sub-groups 25, 26, 53 and 54.

667. Credit losses.

Losses produced by firm insolvencies of credits.

It will be charged for loss due to firm insolvency, with credit to sub-groups 25, 26, 53 and 54.

668. Negative differences of change.

Losses produced by changes in the exchange rate in currency items denominated in currency other than the functional currency.

It will be loaded:

to₁) In each closing, by the loss of valuation of the monetary items alive to that date, with credit to the accounts representative of the same denominated in currency other than the functional one.

to₂) At the time of the low, disposal, or cancellation of the heritage item associated with a negative conversion difference, with credit to account 921.

to₃) By the transfer to the income statement of the negative amount directly recognised in the net worth in the hedging transactions in a net investment in a foreign business, with credit to the account 913.

to₄) When cash items are sold or cancelled in advance, by delivery of currency other than the functional currency, with credit, generally, to the accounts of subgroup 57.

669. Other financial expenses.

Expenses of a financial nature not collected in other accounts of this subgroup. It shall also collect insurance premiums covering risks of a financial nature, including those covering the risk of insolvency of non-commercial claims and the risk of foreign exchange rate.

It will be charged for the amount of accrued expenses, with credit, generally, to the accounts of subgroup 57 or a representative account of debts.

67. LOSSES FROM NON-CURRENT ASSETS AND EXCEPTIONAL EXPENSES.

670. Losses from intangible fixed assets.

671. Losses arising from tangible assets and assets of the Historical Heritage.

672. Losses from real estate investments.

673. Losses arising from long-term shares in related parties.

6733. Losses from long-term holdings, entities in the group.

6734. Losses from long-term holdings, associated entities.

6735. Losses from long-term holdings, other related parties.

675. Losses from operations with own obligations.

678. Exceptional expenses.

670/671/672. Losses from fixed assets ...

losses incurred in the disposal of intangible fixed assets, material, property of historical heritage or real estate investments or their loss of assets, as a result of irreversible losses of such assets.

They will be charged for the loss produced in the disposal or low, with credit to the group 2 accounts that correspond or to the 580 account.

673. Losses arising from long-term shares in related parties.

losses incurred in the disposal of long-term shares in related parties or on the basis of their loss of the asset.

6733/6734/6735.

The quoted four-digit accounts will be charged for the loss produced in the disposal or loss, with credit to the accounts of the subgroup 25 or account 581.

675. Losses from operations with own obligations.

Losses produced on the basis of repayment of obligations.

It will be charged, for the loss produced by writing down the values with credit, generally to the accounts of subgroup 57.

678. Exceptional expenses.

Exceptional losses and expenses and significant amounts that are not to be accounted for in other accounts of Group 6 or Group 8 on the basis of their nature.

The following are indicated: those produced by floods, penalties and fines, fires, etc.

68. ENDOWMENTS FOR REDEMPTIONS.

680. Amortization of intangible fixed assets.

681. Depreciation of tangible fixed assets.

682. Depreciation of real estate investments.

680/681/682. Amortization of ...

Expression of the effective annual systematic depreciation suffered by intangible and material immobilized, by its application to the production process, and by real estate investments.

They will be charged for the financial year, with credit to the accounts 280, 281 and 282.

69. IMPAIRMENT LOSSES AND OTHER ENDOWMENTS.

690. Impairment losses on intangible fixed assets.

691. Losses due to impairment of material and property assets of the Historical Heritage.

692. Impairment losses on real estate investments.

693. Impairment losses on stocks.

694. Impairment losses from operations of the activity.

695. Provision for the provision by operations of the activity.

6954. Provision for provision for onerous contracts.

6959. Provision for provision for other operations of the activity.

696. Impairment losses on long-term debt securities and equity securities.

697. Long-term credit impairment losses.

698. Impairment losses on short term debt securities and equity securities.

699. Short-term credit impairment losses.

690/691/692. Impairment losses on fixed assets ...

Valuation correction of reversible character impairment in intangible and material fixed assets, historical assets and real estate investments. The impairment valuation corrections recognised in the goodwill shall not be reversed.

To be charged for the amount of the estimated impairment, with credit to account 204 or to accounts 290, 291 and 292, as applicable.

693. Impairment losses on stocks.

Valuation correction, carried out at the end of the financial year, for the reversible deterioration in stocks.

It will be charged for the amount of the estimated impairment, with credit to the accounts of subgroup 39 or account 599.

694. Impairment losses from operations of the activity.

Valuation correction, carried out at the end of the financial year, for a reversible deterioration in client and debtor balances.

It will be charged for the amount of the estimated impairment, with credit to the 490, 493, or 599 accounts.

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

695. Provision for the provision by operations of the activity.

Envelope made by the institution for the recognition of obligations present arising from operations of its activity, provided that they do not reflect in other accounts group 6; in particular, they shall be accounted for in this accounts for losses associated with onerous contracts, and commitments made as a result of the delivery of goods or the provision of services.

Generally speaking, the content and movement of the four-digit quoted accounts is as follows:

6954. Provision for provision for onerous contracts.

It will be charged for the estimated loss, with credit to account 4994.

6959. Provision for provision for other operations of the activity.

Endowment, performed at the end of the financial year, for risks arising from sales returns, repair guarantees, reviews and other operations of the activity.

It will be charged for the amount of the estimated obligation, with credit to account 4999.

696. Impairment losses on long-term debt securities and equity securities.

Value impairment correction on investments of subgroups 25 and 26 or, where applicable, of subgroup 58.

It will be charged for the amount of the estimated impairment, with credit to the accounts 2505, 260, 294, 295, 297, 599 or to group 9 accounts.

697. Long-term credit impairment losses.

Value impairment correction of the value of the sub-groups 25 and 26 or, where applicable, of the subgroup 58.

It will be charged for the amount of the estimated impairment, with credit to accounts 295, 298, or 599.

698. Impairment losses on short term debt securities and equity securities.

Value impairment correction on investments of subgroups 53 and 54 or, where applicable, of subgroup 58.

It will be charged for the estimated depreciation amount, with credit to accounts 593, 594, 597, 599 or group 9 accounts.

699. Short-term credit impairment losses.

Value impairment correction of the value of the sub-groups 53 and 54 or, where applicable, of the subgroup 58.

It will be charged for the amount of the estimated impairment, with credit to accounts 595, 598, or 599.

GROUP 7

Sales and revenue

Revenue from shares and other funds earned by the entity's own activity, as well as derivatives from the disposal of goods and services; it also includes other income, changes in stocks and profits of the exercise.

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

70. SALES OF GOODS, OF OWN PRODUCTION, OF SERVICES, ETC.

700. Merchandise sales.

701. Sales of finished products.

702. Sales of semi-finished products.

703. Sales of by-products and waste.

704. Sales of packaging and packaging.

705. Services capabilities.

706. Sales discounts for early payment.

708. Sales returns and similar operations.

709. "Rappels" about sales.

The accounts of subgroup 70 shall be adapted by the entities to the characteristics of the operations they perform, with the specific name that corresponds to them.

700/705. Sales of ...

Transactions, with the output or delivery of the entity's traffic-object goods or services, by price.

These accounts will be paid for the amount of sales from the accounts of the subgroup 43 or 57.

706. Sales discounts for early payment.

Discounts and assimilates that the entity grants to its customers, for payment, not included in the invoice.

Your move is as follows:

(a) It shall be charged for the discounts and assimilated granted, with credit, generally, to the accounts of subgroup 43.

(b) The balance shall be paid at the end of the financial year, at the expense of account 129.

708. Sales returns and similar operations.

Remittances returned by customers, usually for non-compliance with the order conditions. This account shall also account for discounts and similar discounts arising from the same cause, which are subsequent to the issue of the invoice.

Your move is as follows:

(a) The amount of the sales returned by customers and, where applicable, the discounts and the like granted, shall be charged with credit to the accounts of the sub-groups 43 or 57 which correspond.

(b) The balance shall be paid at the end of the financial year, at the expense of account 129.

709. "Rappels" about sales.

Discounts and similar that are based on having reached a certain order volume.

Your move is as follows:

(a) The "rappels" which correspond to or are granted to the clients shall be charged with credit to the accounts of the respective subgroups 43 or 57.

(b) The balance shall be paid at the end of the financial year, at the expense of account 129.

71. STOCK VARIATION.

710. Product stock variation in progress.

711. Change in stocks of semi-finished products.

712. Stock variation of finished products.

713. Variation of stocks of by-products, residues and recovered materials.

710/713. Variation of stocks of ...

Accounts intended to record, at the end of the financial year, changes between final stocks and initial stocks corresponding to sub-groups 33, 34, 35 and 36 (current products, semi-finished products, products finished and by-products, waste and recovered materials).

Your move is as follows:

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

72. THE ENTITY ' S OWN REVENUE.

720. Membership and affiliate fees.

721. User quotas.

722. Promotions for resource fetch.

723. Revenue from sponsors and collaborations.

728. Revenue from reimbursement of aid and allocations.

Revenue earned from the entity's own activity.

720. Membership and affiliate fees.

Periodic character and amount amounts, received by shares of persons affiliated to or associated with the entity.

It will be paid for the amount of revenue, with charge, generally to the accounts of subgroup 44 or 57.

721. User quotas.

Perceived amounts of users in terms of participation in the cost of the entity's own activity.

Indicative title, quotas for participation in congresses, courses, seminars, as well as those derived from supplies of goods, social benefits or care.

Your movement is analogous to the one pointed out in account 720.

722. Promotions for resource fetch.

Revenue derived from campaigns for the collection of resources in their different modalities, such as participation operations or other similar income other than sponsorship. For these purposes, four or more figures may be created for different campaigns and modalities.

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

723. Revenue from sponsors and collaborations.

Perceived amounts of business sponsors and collaborations in order to contribute to the realization of the entity's own activity purposes.

Your move is analogous to the one pointed out for account 720.

728. Revenue from reimbursement of aid and allocations.

Amounts entered by refund of aid and allocations of own activity granted by the entity and collected in subgroup 65, for non-compliance with the conditions required or for any other cause to be determined by the institution return.

It will be paid for the amount of the revenue, from the accounts of subgroup 41 or 57.

73. JOBS PERFORMED FOR THE ENTITY.

730. Work done for intangible fixed assets.

731. Work carried out for the fixed assets.

732. Work done on real estate investments.

733. Work carried out for the fixed assets in progress.

Counterpart of expenses incurred by the institution for its immobilized, using its equipment and personnel, which are activated. It shall also be accounted for in this sub-group by other entities for research and development purposes.

730. Work done for intangible fixed assets.

Research and development expenses and other expenses for the creation of the goods included in the subgroup 20.

It will be paid for the amount of the expenses that are the object of inventory, with account of 200, 201 or 206.

731. Work carried out for the fixed assets.

Construction or extension of goods and items included in subgroup 21.

It will be paid for the annual amount of the expenses, from the accounts of the subgroup 21.

732. Work done on real estate investments.

Extending the properties in the subgroup 22.

It will be paid for the annual amount of the expenses, with charge in the accounts of the subgroup 22.

733. Work carried out for the fixed assets in progress.

Jobs performed during the exercise and not terminated at the end of the exercise, including those performed in real estate.

It will be paid for the annual amount of the expenses, from the accounts of the subgroup 23.

74. GRANTS, DONATIONS AND LEGACIES.

740. Grants, donations and legacies to the activity.

745 Capital grants transferred to the exercise surplus.

746. Donations and capital legacies transferred to the exercise surplus.

747. Other donations and legacies transferred to the exercise surplus.

748. Other grants transferred to the exercise surplus.

Amounts to be charged to the exercise surplus for grants, donations and legacies. The entity shall open the necessary three-digit accounts to reflect the grants, donations and legacies affected by the business activity.

740. Grants, donations and legacies to the activity.

Amounts received from Public Administrations, entities or individuals, to the object, in general, to finance the institution's normal operating expenses.

It will be paid for the amount granted from the accounts of subgroups 44, 47 or 57.

745. Capital grants transferred to the exercise surplus.

Amount transferred to the surplus from the capital grants exercise.

Your movement is explained in the 840 account.

746. Donations and capital legacies transferred to the exercise surplus.

Amount transferred to surplus from the exercise of donations and capital legacies.

Your movement is explained in the 840 account.

747. Other donations and legacies transferred to the exercise surplus.

Amount transferred to surplus from other donations and legacies.

Your movement is explained in account 842.

748. Other grants transferred to the exercise surplus.

Amount transferred to surplus from other grants exercise.

Your movement is explained in account 842.

75. OTHER MANAGEMENT REVENUE.

751. Results of operations in common.

7510. Loss transferred (manager).

7511. Attributed benefit (participant or non-manager associate).

752. Revenue from leases.

753. Industrial property revenue ceded in operation.

754. Fee income.

755. Income from services to staff.

759. Miscellaneous Services Revenue.

Revenue from management not included in other subgroups.

751. Results of operations in common.

7510. Loss transferred.

Loss corresponding to non-management unit-holders in transactions governed by Articles 239 to 243 of the Trade Code and in other common operations of similar characteristics.

In account 7510 the managing body shall account for such loss, after completion of the requirements of Article 243, or those arising under the applicable law for other joint operations.

Account 7510 shall be paid for the loss to be attributed to the non-managing unit-holders, with account 419, 449 or sub-group 57 accounts.

7511. Profit attributed.

Profit that corresponds to the entity as a non-manager participant in the finished operations to quote.

It will be paid for the benefit amount, charged to account 419, 449 or to the accounts of subgroup 57.

752. Revenue from leases.

Accruals for the rental or operating lease of movable or immovable property for use or disposal by third parties.

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

753. Industrial property revenue ceded in operation.

Fixed and variable amounts that are perceived by the cession in operation, the right to use, or the granting of the use of the various manifestations of industrial property.

Your movement is analogous to the one pointed out for account 752.

754. Fee income.

Fixed amounts or variables perceived as consideration for accidental mediation services. If the mediation is the main object of the entity's activity, the revenue from this concept shall be recorded in account 705.

Your movement is analogous to the one pointed out for account 752.

755. Income from services to staff.

Income for miscellaneous services, such as economates, canteens, transportation, housing, etc., provided by the entity to its staff.

It will be paid for the amount of revenue, usually charged to the accounts of subgroup 57 or account 649.

759. Miscellaneous Services Revenue.

Those originated by the eventual provision of certain services to other entities or individuals. Transport, repairs, advice, reports, etc. are cited as examples.

Your movement is analogous to the one pointed out for account 752.

76. FINANCIAL REVENUE.

760. Income from equity holdings in equity instruments.

761. Income from debt securities.

762. Revenue from credits.

7620. Long-term credit income.

7621. Short-term credit income.

763. Profit by valuation of financial instruments at fair value.

7630. Trading portfolio benefits.

7631. Benefits of designated by the entity.

7632. Benefits of available for sale.

7633. Benefits of hedging instruments.

766. Profit on shares and debt securities.

767. Income from active assets and repayment rights relating to long-term remuneration.

768. Positive differences of change.

769. Other financial income.

760. Income from equity holdings in equity instruments.

Income in favour of the institution, accrued in the financial year, from holdings in equity instruments.

It shall be paid when the right to receive dividends, for the full amount of the dividends, is paid out of the accounts of subgroup 53 or 54 and, where applicable, account 473.

761. Income from debt securities.

Interest in fixed income securities in favour of the institution, accrued in the financial year.

It will be paid:

(a) The accrual of interest, both implied and explicit, by the whole of the interest, from the accounts of the subgroups 25, 26, 53 or 54 and, where appropriate, account 473.

(b) By recognition in the income statement, over its residual life, of the positive balance accumulated in the net worth of a financial asset available for sale that has been reclassified as a maintained investment until the expiry of the terms laid down in the rules of registration and valuation, with regard to account 802.

762. Revenue from credits.

Amount of interest on loans and other loans, accrued in the year.

The accrual of interest, both implicit and explicit, shall be paid for the full interest of the interest, charged to the accounts of the subgroups 25, 26, 27, 43, 44, 53 or 54 and, where applicable, account 473.

763. Profit by valuation of financial instruments at fair value.

Benefits arising from the fair value valuation of certain financial instruments, including those that occur on the occasion of their reclassification.

Generally speaking, the content and movement of the four-digit quoted accounts is as follows:

7630. Trading portfolio benefits.

Benefits arising from the fair value valuation of financial instruments classified in the category "Financial assets held for trading" or "Financial liabilities held for trading".

It shall be paid for the increase in the fair value of the financial assets or the decrease in the value of the financial liabilities classified in this category, from the corresponding account of the assets.

7631. Benefits of designated by the entity.

Benefits arising from the fair value valuation of the financial instruments classified in the category 'Other financial assets at fair value with changes in the surplus for the financial year' or ' Other liabilities financial at fair value with changes in the surplus of the financial year. '

Your movement is analogous to that of account 7630.

7632. Benefits of available for sale.

Benefits arising from the removal or disposal of financial instruments classified in the category of "Financial assets available for sale".

To be paid at the time of the loss or disposal of the financial instrument, due to the positive balance accumulated in the net worth from account 802.

7633. Benefits of hedging instruments.

Benefits originated in hedging instruments, in cash flow hedge operations when the entity does not expect the intended transaction to take place.

It shall be paid for the transfer to the profit or loss account of the positive amount directly recognised in the net worth, under account 812.

766. Profit on shares and debt securities.

Benefits produced in the disposal of representative debt securities and excluded equity instruments to be recorded in the accounts 763 and 773.

It will be paid for the benefit produced in the disposal, generally charged to the accounts of subgroup 57.

767. Income from active assets and repayment rights relating to long-term remuneration.

Amount of the expected return on the assets affected by the commitments to which the institution's obligations will be settled for long-term benefits of defined benefit or the repayment rights to be paid to cancel those obligations.

It will be paid for the expected positive performance, from accounts 140 or 267.

768. Positive differences of change.

Benefits produced by changes in the exchange rate in currency items denominated in currency other than the functional currency.

It will be paid:

to₁) In each closing, by the valuation gain of the monetary items alive to that date, from the representative accounts of the same denominated in currency other than the functional one.

to₂) At the time of the loss, disposal, or cancellation of the asset item associated with a positive conversion difference, from account 821.

to₃) By the transfer to the profit or loss account of the positive amount directly recognised in the net worth in the hedging transactions in a net investment in a foreign business, from the account 813.

to₄) When cash items are sold or cancelled in advance, by delivery of currency other than the functional currency, generally held at the accounts of subgroup 57.

769. Other financial income.

Financial nature revenue not collected in other accounts in this subgroup.

It will be paid for the amount of revenue accrued.

77. BENEFITS FROM NON-CURRENT ASSETS AND EXCEPTIONAL INCOME.

770. Benefits from intangible fixed assets.

771. Profits from the tangible assets and assets of the Historical Heritage.

772. Benefits from real estate investments.

773. Profit from long-term shares in related parties.

7733. Profit from long-term holdings, entities in the group.

7734. Benefits from long-term shareholdings, associated entities.

7735. Profit from long-term holdings, other related parties.

774. Negative difference in business combinations.

775. Profits from operations with own obligations.

778. Exceptional revenue.

770/771/772. Benefits from fixed assets ...

Benefits produced in the disposal of intangible fixed assets, material or real estate investments.

They shall be paid for the benefit obtained in the disposal of the corresponding group 5 accounts, generally.

773. Profit from long-term shares in related parties.

Benefits produced in the disposal of long-term shareholdings in related parties.

7733/7734/7735.

The quoted four-digit accounts shall be paid for the benefit obtained in the disposal, usually charged to the group 5 accounts that correspond.

774. Negative difference in business combinations.

It is the excess, at the date of acquisition, of the fair value of the identifiable assets acquired less that of the liabilities assumed, on the cost of the business combination.

It will be paid, for that amount charged to the corresponding groups 2, 3, 4 and 5 accounts.

775. Profits from operations with own obligations.

Benefits produced for the purpose of repayment of obligations.

It will be paid, for the benefits produced when the securities are written off to the accounts of subgroup 17.

778. Exceptional revenue.

Exceptional benefits and income and significant amounts that are not to be accounted for in other accounts of Group 7 or Group 9 on the basis of their nature.

They will include, among others, those from those credits that in their day were amortized by firm insolvencies.

79. EXCESS AND APPLICATION OF PROVISIONS AND IMPAIRMENT LOSSES.

790. Reversal of impairment of intangible fixed assets.

791. Reversal of the deterioration of the material and property assets of the Historical Heritage.

792. Reversal of the deterioration of real estate investments.

793. Reversion of stock impairment.

794. Reversal of impairment of credit by operations of the activity.

795. Excess provisions.

7950. Excess provision for long-term pay to staff.

7951. Excess provision for taxes.

7952. Excess provision for other responsibilities.

7954. Excess provisioning by operations of the activity.

79544. Excess provision for onerous contracts.

79549. Excess provisioning for other operations of the activity.

7955. Excess provision for environmental actions.

7956. Excess provision for restructurings.

796. Reversal of impairment of long-term debt securities and equity securities.

797. Reversal of long-term credit impairment.

798. Reversal of impairment of short-term debt securities and equity securities.

799. Reversal of short-term credit impairment.

790/791/792. Reversal of impairment of fixed assets ...

Value correction, value recovery, intangible and material fixed assets, historical assets and real estate investments, up to the limit of previously recorded losses.

They shall be paid for the amount of the value correction, charged to accounts 290, 291, 292, 293 or 599.

793. Reversion of stock impairment.

Amount of the existing impairment correction at the close of the previous year.

To be paid, at the end of the financial year, for the impairment recorded in the preceding financial year, from the accounts of subgroup 39 or account 599.

794. Reversal of impairment of credit by operations of the activity.

Amount of the existing impairment correction at the close of the previous year.

It shall be paid for the impairment recorded in the preceding financial year, with the accounts 490,493 or 599.

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

795. Excess provisions.

7950/7951/7952/7954/7955/7956/.

Positive difference between the amount of the existing provision and the amount corresponding to the closing of the financial year or at the time of the corresponding obligation.

The quoted four-digit accounts will be paid out, for the excess of provision from the corresponding sub-group 14 accounts or to the accounts 499 or 529.

796. Reversal of impairment of long-term debt securities and equity securities.

Value correction, value recovery in financial investments of sub-groups 25 and 26 or, where applicable, of subgroup 58, up to the limit of previously reported losses.

It will be paid for the amount of the value correction, charged to the accounts 293, 294, 297 or 599.

797. Reversal of long-term credit impairment.

Valuation correction, by value recovery in sub-groups 25 and 26.

It will be paid for the amount of the value correction, from the accounts 295, 298, or 599.

798. Reversal of impairment of short-term debt securities and equity securities.

Valorative correction, by value recovery in financial investments of subgroups 53 and 54, up to the limit of previously accounted for losses.

It will be paid for the amount of the value correction, charged to accounts 593, 594, 597 or 599.

799. Reversal of short-term credit impairment.

Valuation correction, by value recovery in sub-groups 53 and 54 or, where applicable, subgroup 58.

It will be paid for the amount of the value correction, charged to the 595, 598 or 599 accounts.

GROUP 8

Expenses charged to net worth

80. FINANCIAL EXPENSES FOR THE VALUATION OF FINANCIAL ASSETS.

800. Losses in financial assets available for sale.

802. Transfer of benefits in financial assets available for sale.

800. Losses in financial assets available for sale.

Your move is as follows:

(a) It shall be charged for negative changes in the fair value of the financial assets classified as available for sale, including those that occur in the case of reclassification, with credit to the accounts of the corresponding heritage elements.

(b) The account shall be paid at the end of the financial year, 133.

802. Transfer of benefits in financial assets available for sale.

Your move is as follows:

a) It will be loaded:

to₁) At the time the low or disposal of the available financial asset for the sale, including those that have been reclassified, is produced, due to the positive balance accumulated in the net worth with credit to account 7632.

to₂) In case of reclassification to an investment held to maturity, for the positive balance accumulated in the net worth that is recognized in the income statement, over its residual life, as a increase of financial income in terms of the terms set out in the registration and valuation standard, with credit to account 761.

to₃) When a combination of staged businesses has occurred, in accordance with the provisions of the General Accounting Plan's record and valuation standard 19, for the positive value variations attributed directly to the net worth corresponding to any prior participation in the acquiree that was classified as financial assets available for sale, with credit to account 7632.

(b) The account shall be paid at the end of the financial year, 133.

81. EXPENSES ON HEDGING OPERATIONS.

810. Losses from cash flow hedges.

811. Losses from net investments in a foreign business.

812. Transfer of benefits by hedge of cash flows.

813. Transfer of benefits by net investment coverage in a foreign business.

810. Losses from cash flow hedges.

Your move is as follows:

(a) It shall be charged, for the amount derived from considering the lower value of the following amounts: the cumulative negative result of the hedging instrument from the start of the hedge or the accumulated change in fair value of the expected future cash flows of the item covered from the start of the coverage; with credit, generally, to accounts 176, 265 or 559.

(b) The account shall be paid at the end of the financial year 1340.

811. Losses from net investments in a foreign business.

Your move is as follows:

(a) The amount of the coverage to be determined shall be charged, with the payment, generally, to the accounts 176, 265 or 559.

(b) The account shall be paid at the end of the financial year 1341.

812. Transfer of benefits by hedge of cash flows.

Your move is as follows:

a) It will be loaded:

to₁) When the coverage of an expected transaction or the exchange rate risk coverage of a firm commitment, results in the subsequent recognition of a financial asset or financial liability, for the amount positive credit directly recognised in the net worth, as the asset or liability concerns the surplus for the financial year, with credit to an account which shall be charged to the profit or loss account in the same item in which the loss is included generate on the cover item.

to₂) When the coverage of an expected transaction or the exchange rate risk coverage of a firm commitment, results in the recognition of a non-financial asset or liability, for the recognised positive amount directly in the net worth, with credit to the account of the corresponding asset item.

to₃₎ When in the coverage of an expected transaction or the hedge of the exchange rate risk of a firm commitment, the downside of an asset or a covered non-financial liability occurs, for the positive amount recognised directly in the net worth, with credit to an account to be charged to the profit or loss account in the same item in which the loss is included in the cover item.

to₄) When in the coverage of an asset or a recognized liability, the cover item affects the surplus, with credit to an account that will be charged to the income statement in the same item that includes the loss which is generated in the cover item.

to₅) For the amount of the gain directly recognized in the net worth, if the entity does not expect the intended transaction to take place, with credit to account 7633.

(b) The account shall be paid at the end of the financial year 1340.

813. Transfer of benefits by net investment coverage in a foreign business.

Your move is as follows:

(a) The amount of the benefit of the hedging instrument directly imputed to the net worth, with credit to the net worth, shall be charged at the time of sale or disposal by another route of net investment in a foreign business. Account 768.

(b) The account shall be paid at the end of the financial year 1341.

82. EXPENSE FOR CONVERSION DIFFERENCES.

820. Negative conversion differences.

821. Transfer of positive conversion differences.

820. Negative conversion differences.

Your move is as follows:

(a) It shall be charged for the net debtor effect arising from the difference in the value of the assets and liabilities valued in functional currency other than that of presentation as a result of the conversion to the currency of presentation, with charge and/or credit to the respective accounts representing such assets and liabilities.

(b) The account shall be paid at the end of the financial year 135.

821. Transfer of positive conversion differences.

Your move is as follows:

a) It will be charged, at the time of writing down, to dispose of or cancel the associated heritage item, with credit to account 768.

(b) The account shall be paid at the end of the financial year 135.

83. PROFIT TAX.

830. Profit tax.

8300. Current tax.

8301. Deferred tax.

833. Negative adjustments to taxation on profits.

834. Tax revenue from permanent differences.

835. Tax receipts for deductions and bonuses.

836. Transfer of permanent differences.

837. Transfer of deductions and bonuses.

838. Positive adjustments in taxation on profits.

830. Profit tax.

8300. Current tax.

Your move is as follows:

a) It will be loaded:

to₁) For the fee to enter associated with the income attributed to the net worth, with credit to account 4752.

to₂) For the supported holds and income on account of the tax incurred, associated with the income attributed to the net worth, up to the amount of the period's liquid quota, with credit to account 473.

(b) It shall be paid for the share of previous financial years recovered by the institution as a result of tax or tax settlements on the benefit, payable, to account 4709.

(c) At the end of the financial year, the following shall be charged or paid with credit or charge to the relevant sub-group 13 accounts.

8301. Deferred tax.

Your move is as follows:

a) It will be loaded:

to₁) For deferred tax associated with revenue directly recognized in net worth, with credit to account 479.

to₂) At the time the transfer to results of the negative amount accumulated in the net worth occurs, with credit to account 4740.

to₃) For the amount of the tax effect arising from the transfer to results of expenses directly imputed to the net worth that would have caused the corresponding current tax in previous years, with Credit to account 6301.

b) It will be paid:

b₁) By deferred tax associated with expenses recognized directly in net worth, charged to account 4740.

b₂) At the time the transfer to results of the cumulative positive amount in net worth occurs, with account 479.

b₃) For the amount of the tax effect resulting from the transfer to income results directly attributed to the net worth that would have caused the corresponding current tax in previous years, with the account 6301.

(c) At the end of the financial year, the following shall be charged or paid with credit or charge to the relevant sub-group 13 accounts.

833. Negative adjustments to taxation on profits.

Decrease, known in the exercise, of deferred tax assets or increase, equally known in the financial year, of deferred tax liabilities, in respect of previously deferred tax assets and liabilities generated, as long as such balances have originated as a result of a transaction or event that would have been directly recognised in a net worth item.

With a general character, your move is as follows:

a) It will be loaded:

to₁) For the least amount of the asset for deductible temporary differences, with credit to account 4740.

to₂) For the largest amount of the liability for taxable temporary differences, with credit to account 479.

(b) At the end of the financial year, the corresponding sub-group 13 accounts shall be paid.

834. Tax revenue from permanent differences.

Your move is as follows:

(a) The amount of the tax effect of the permanent differences to be charged for several financial years shall generally be paid out of account 6301.

b) At the end of the financial year, account 137 will be charged.

835. Tax receipts for deductions and bonuses.

Your move will be analogous to the planned 834 account.

836. Transfer of permanent differences.

With a general character, your move is as follows:

(a) It shall be charged, generally, with credit to account 6301, for the part corresponding to impute in the financial year, in a manner correlated with the depreciation of the asset that motivates the permanent difference.

(b) At the end of the financial year, account 137 shall be paid.

837. Transfer of deductions and bonuses.

Your move will be analogous to the planned 836 account.

838. Positive adjustments in taxation on profits.

Increase, known in the financial year, of assets by deferred tax or decrease, equally known in the financial year, of deferred tax liabilities, in respect of previously deferred tax assets and liabilities generated, provided that such balances have originated as a result of a transaction or event that would have been directly recognised in a net worth item.

With a general character, your move is as follows:

a) It will be paid:

to₁) For the largest amount of the asset for deductible temporary differences, from the 4740 account.

to₂) By the lower amount of the taxable temporary difference liability, charged to account 479.

(b) At the close of the end of the financial year, the corresponding sub-group 13 accounts shall be paid.

84. TRANSFERS OF GRANTS, DONATIONS AND LEGACIES.

840. Transfer of official capital grants.

841. Transfer of donations and capital legacies.

842. Transfer of other grants, donations and legacies.

840/841. Transfer of ...

Your move is as follows:

(a) Be charged, at the time of the imputation to the income account of the grant received, with credit to account 745 or 746.

(b) They shall be paid at the end of the financial year by account 130 or 131, as appropriate.

842. Transfer of other grants, donations and legacies.

Your move is as follows:

(a) It will be charged, at the time of the imputation to the income account of the grant received, with credit to the account 747 or 748.

(b) The account shall be paid at the end of the financial year 132.

85. ACTUARIAL LOSS EXPENSE AND ADJUSTMENTS IN ASSETS FOR LONG-TERM BENEFITS OF DEFINED BENEFIT.

850. Actuarial losses.

851. Negative adjustments in assets for long-term benefits of defined benefit.

850. Actuarial losses.

Your move is as follows:

(a) To be charged, at the end of the year for the actuarial loss produced by the increase in the current value of the post-employment benefits committed in defined benefit systems or by the decrease in value reasonable of the assets related to them, with credit to accounts 140 or 257.

(b) The account shall be paid at the end of the financial year 115.

851. Negative adjustments in assets for long-term benefits of defined benefit.

Your move is as follows:

(a) It shall be charged at the end of the financial year for the negative adjustment to be made for the limitation laid down in the rules of registration and valuation in the assets for long-term post-employment remuneration to the staff of the defined benefit, with credit to account 140 or 257.

(b) The account shall be paid at the end of the financial year 115.

86. EXPENSES FOR NON-CURRENT ASSETS FOR SALE.

860. Losses on non-current assets and renajable groups of items held for sale.

862. Transfer of profits on non-current assets and on-line groups of items held for sale.

860. Losses on non-current assets and renajable groups of items held for sale.

With a general character, your move is as follows:

(a) It shall be charged for negative changes in the fair value of non-current assets held for sale, and of directly associated assets and liabilities classified in a qualifying group of items held for sale. the sale, which is to be valued at fair value with changes in net worth in accordance with the rules of registration and valuation, with credit to sub-group 58 accounts.

(b) The account shall be paid at the end of the financial year 136.

862. Transfer of profits on non-current assets and on-line groups of items held for sale.

With a general character, your move is as follows:

(a) It shall be charged at the time of the absence or disposal of the non-current asset held for sale, or of the directly associated asset or liability classified in a qualifying group of items held for sale; sale, which is to be valued at fair value through changes in net worth in accordance with the provisions of the registration and valuation rules, with credit, generally to account 7632.

(b) The account shall be paid at the end of the financial year 136.

89. EXPENSE OF HOLDINGS IN GROUP ENTITIES OR ASSOCIATED WITH PRIOR POSITIVE VALUE ADJUSTMENTS.

891. Impairment of equity holdings, group entities.

892. Impairment of equity holdings, associated entities.

The accounts of this subgroup shall collect impairment losses on group, multi-group or associated entities, which are to be directly imputed to equity, when investments have been made. prior to the consideration of the holdings as being of group, multigroup or associated entities, and the same would have resulted in value adjustments for value increases directly attributed to the equity. All this, in accordance with the relevant rules of registration and valuation, are available in this respect.

891/892.

Your move is as follows:

(a) They shall be charged at the time of the impairment of the value of the financial asset, up to the limit of the prior positive value adjustments, with credit to the accounts 250 or 530.

(b) The account shall be paid at the end of the financial year by the account 133.

GROUP 9

Income imputed to net worth

90. FINANCIAL INCOME BY VALUATION OF FINANCIAL ASSETS.

900. Benefits in financial assets available for sale.

902. Transfer of financial asset losses available for sale.

900. Benefits in financial assets available for sale.

Your move is as follows:

(a) It shall be paid for positive changes in the fair value of the financial assets classified as available for sale, including those that occur in the case of reclassification, from the accounts of the corresponding financial assets.

(b) It shall be charged at the end of the financial year with credit to account 133.

902. Transfer of losses in financial assets available for sale.

Your move is as follows:

a) It will be paid:

to₁) At the time the low or disposal of the available financial asset for the sale, including those that have been reclassified, occurs, due to the negative balance accumulated in the net worth with charge for account 6632.

to₂) At the time of the deterioration of the financial instrument, due to the negative balance accumulated in the net worth from the accounts of the corresponding debt instruments or account 696 in the case of investments in equity instruments.

to₃) In case of reclassification to an investment held to maturity, due to the negative balance accumulated in the net worth that is recognized in the income statement over its residual life, with a minorization of the financial income in the terms set out in the registration and valuation standard, with account 761.

to₄) When a combination of staged businesses has occurred in accordance with the provisions of the General Accounting Plan's record and valuation standard 19, for the negative value changes attributed directly to the net worth corresponding to any prior participation in the acquiree that was classified as financial assets available for sale, with account of the account 6632.

This will be charged at the end of the financial year with credit to account 133.

91. REVENUE IN HEDGING OPERATIONS.

910. Benefits from cash flow hedges.

911. Benefits from hedges of a net investment in a foreign business.

912. Transfer of losses by hedge of cash flows.

913. Transfer of losses by hedges of a net investment in a foreign business.

910. Benefits from cash flow hedges.

Your move is as follows:

(a) It shall be paid for the amount derived from considering the lower value of the following amounts: the cumulative positive result of the hedging instrument from the start of the hedge or the accumulated change in fair value of the expected future cash flows of the item covered from the start of the coverage; generally, from accounts 176, 265 or 559.

b) You will be charged at the end of the financial year, with credit to account 1340.

911. Benefits from hedges of a net investment in a foreign business.

Your move is as follows:

(a) It shall be paid for the positive result in the amount of the coverage that is determined to be effective, usually charged to accounts 176, 265 or 559.

(b) It shall be charged at the end of the financial year with credit to account 1341.

912. Transfer of losses by hedge of cash flows.

Your move is as follows:

a) It will be paid:

to₁) When the coverage of an expected transaction or the exchange rate risk coverage of a firm commitment, results in the subsequent recognition of an asset or financial liability, for the negative amount directly recognised in net worth, as such asset or liability affects the surplus in the financial year, from an account to be charged to the profit or loss account in the same item in which the profit to be generated is included in the Cover item.

to₂) When the coverage of an expected transaction or the exchange rate risk coverage of a firm commitment, results in recognition of a non-financial asset or liability, for the recognised negative amount directly in the net worth, from the account of the relevant asset item.

to₃) When in the coverage of an expected transaction or the hedge of the exchange rate risk of a firm commitment, the downside of a covered non-financial asset or liability is caused by the negative amount recognised directly in net worth, from an account to be charged to the profit or loss account in the same item in which the profit to be generated in the cover item is included.

to₄) When in the coverage of an asset or a recognized liability, the cover item will affect the surplus, from an account that will be charged to the income statement in the same item as the profit which is generated in the cover item.

to₅) For the amount of loss directly recognized in the net worth that the entity does not expect to recover, from account 6633.

(b) It shall be charged at the end of the financial year with credit to the account 1340.

913. Transfer of losses by hedges of a net investment in a foreign business.

Your move is as follows:

(a) The amount of the loss of the hedging instrument directly attributed to the net worth, with a charge of the net investment, shall be paid, at the time of sale or provision by other means of net investment in a foreign business. Account 668.

(b) It shall be charged at the end of the financial year with credit to account 1341.

92. REVENUE FROM CONVERSION DIFFERENCES.

920. Positive conversion differences.

921. Transfer of negative conversion differences.

920. Positive conversion differences.

Your move is as follows:

(a) It shall be paid for the net creditor effect arising from the difference in the value of the assets and liabilities valued in functional currency other than that of presentation as a result of the conversion to the currency of presentation, with position and/or credit to the respective balance sheet accounts representing those assets and liabilities.

b) You will be charged, at the end of the financial year, with credit to account 135.

921. Transfer of negative conversion differences.

Your move is as follows:

(a) At the time of the termination, the disposal or cancellation of the associated heritage item shall be paid to the account 668.

b) You will be charged, at the end of the financial year, with credit to account 135.

94. INCOME FROM GRANTS, DONATIONS AND LEGACIES.

940. Revenue from official capital grants.

941. Income from donations and capital legacies.

942. Income from other grants, donations and legacies.

940/941/942. Revenue from ...

Your move is as follows:

a) They will be paid:

to₁) For the grant, grant, or legacy granted to the entity in charge, generally, to the accounts of subgroup 47 or 57.

to₂) For debts that are transformed into grants or legacy grants, from accounts 172 or 522.

(b) Be charged at the end of the financial year with credit to accounts 130, 131 or 132, as appropriate.

95. ACTUARIAL GAINS INCOME AND ADJUSTMENTS IN ASSETS FOR LONG-TERM BENEFITS OF DEFINED BENEFIT.

950. Actuarial gains.

951. Positive adjustments in assets for long-term benefits of defined benefit.

950. Actuarial gains.

Your move is as follows:

(a) To be paid, at the end of the financial year for the actuarial gain produced by the decrease in the current value of the post-employment benefits committed in defined benefit systems or by the increase in value reasonable of the assets related to the assets, from accounts 140 or 257.

b) To be charged, at the end of the financial year, with credit to the account 115.

951. Positive adjustments in assets for long-term benefits of defined benefit.

Your move is as follows:

(a) To be paid, at the end of the financial year for the positive adjustment to be made in accordance with the provisions of the rules of registration and valuation in the assets for post-employment long-term remuneration to the staff of the defined benefit, from accounts 140 or 257.

b) To be charged, at the end of the financial year, with credit to the account 115.

96. INCOME FROM NON-CURRENT ASSETS FOR SALE.

960. Benefits in non-current assets and inajable groups of items held for sale.

962. Transfer of losses on non-current assets and renajable groups of items held for sale.

960. Benefits in non-current assets and inajable groups of items held for sale.

With a general character, your move is as follows:

(a) It shall be paid for positive changes in the fair value of non-current assets held for sale, and of directly associated assets and liabilities classified in a qualifying group of items held for sale. the sale, which is to be valued at fair value with changes in net worth in accordance with the provisions of the registration and valuation rules, from accounts of subgroup 58.

b) You will be charged at the end of the financial year with credit to account 136.

962. Transfer of losses on non-current assets and renajable groups of items held for sale.

With a general character, your move is as follows:

a) It will be paid:

to₁) At the time the low or the disposal of the non-current asset held for sale occurs, or the directly associated asset or liability classified in a rentable group of items held for the sale for sale, which is to be valued at fair value through changes in net worth in accordance with the provisions of the registration and valuation rules, generally taken into account for the account 6632.

to₂) At the time of the deterioration of the non-current asset held for sale, or of the directly associated asset classified in a qualifying group of items held for sale, which must be be valued at fair value through changes in net worth in accordance with the rules of registration and valuation, due to the negative balance accumulated in net worth, from the accounts of the relevant instruments of the debt or account 698 in the case of investments in equity instruments.

b) You will be charged at the end of the financial year with credit to account 136.

99. INCOME FROM HOLDINGS IN THE ASSETS OF GROUP ENTITIES OR ASSOCIATED WITH PRIOR NEGATIVE VALUE ADJUSTMENTS.

991. Recovery of previous negative value adjustments, entities in the group.

992. Recovery of previous negative value adjustments, associated entities.

993. Impairment transfer of previous negative value adjustments, group entities.

994. Impairment transfer of previous negative value adjustments, associated entities.

The accounts of this sub-group will collect the recovery of value adjustments for value reductions directly attributed to equity, when investments have been made prior to the consideration of the equity holdings as group, multi-group and associated entities. Transfers to the profit and loss account of these valuation adjustments in the event of deterioration shall also be collected. All this, in accordance with the relevant rules of registration and valuation, are available in this respect.

991/992. Recovery of previous negative value adjustments, entities in the associated group/entities.

Your move is as follows:

(a) They shall be paid at the time the recoverable amount is higher than the accounting value of the investments, up to the limit of the previous negative value adjustments, from the accounts 250 or 530.

(b) They shall be charged at the end of the financial year with credit to account 133.

993/994 Transfer by impairment of previous negative value adjustments, entities in the associated group/entities.

Your move is as follows:

(a) They shall be paid at the time of the deterioration of the financial asset, due to the prior negative value adjustments, from accounts 696 or 698.

(b) They shall be charged at the end of the financial year with credit to account 133.