PARAGRAPH 11 OF THE INTRODUCTION OF THE GENERAL ACCOUNTING PLAN, APPROVED BY DECREE 530/1973 OF 22 FEBRUARY 1973, PROVIDES FOR THE ESTABLISHMENT OF SPECIFIC RULES FOR THE SECTORS OF ECONOMIC ACTIVITY WHICH REQUIRE IT. TO THIS EFFECT, A WORKING GROUP HAS BEEN ESTABLISHED IN THE INSTITUTE OF ACCOUNTING PLANNING TO ADAPT THIS PLAN TO THE SPECIFIC CHARACTERISTICS OF THE COMPANIES OF MANUFACTURE OF FOOTWEAR

THIS WORKING GROUP DREW UP THE TEXT OF THE ABOVEMENTIONED ADAPTATION, WHICH IS IN LINE WITH THE PROVISIONS OF ARTICLE 4, 3. THE ROYAL DECREE 1982/1976 OF 24 AUGUST HAS BEEN FAVOURABLY INFORMED BY THE STANDING COMMITTEE OF THE NATIONAL ACCOUNTING COUNCIL.

FOR ALL THE ABOVE, THIS MINISTRY HAS AGREED:

FIRST. APPROVE THE TEXT WHICH IS SUBSEQUENTLY CONTAINED IN THE RULES FOR THE ADAPTATION OF THE GENERAL ACCOUNTING PLAN TO THE UNDERTAKING OF FOOTWEAR MANUFACTURERS

SECOND. THIS TEXT SHALL APPLY FROM THE FIRST ECONOMIC YEAR WHICH STARTS AFTER 31 DECEMBER 1981 BY UNDERTAKINGS WHICH CARRY OUT THE ACTIVITY INDICATED AND WHICH, IN ACCORDANCE WITH THE PROVISIONS GOVERNING THE MATTER, ARE OBLIGED TO CARRY OUT YOUR ACCOUNTING ADJUSTED TO THE CURRENT ACCOUNTING PLANNING RULES

THIRD. WHAT IS ESTABLISHED IN THIS TEXT FOR ITS CONTENT AND PURPOSE, MAY NOT AFFECT CORPORATE TAX RULES OR ANY OTHER TAX

MADRID, MARCH 18, 1981. -GARCIA ANOVA

ACCOUNTING PLANNING INSTITUTE

MINISTRY OF FINANCE

FOOTWEAR MANUFACTURING COMPANIES

GENERAL ACCOUNTING PLAN ADAPTATION RULES

INTRODUCTION

1. IN ORDER TO STUDY THE RULES FOR ADAPTING THE GENERAL ACCOUNTING PLAN TO THE SPECIAL CHARACTERISTICS OF FOOTWEAR MANUFACTURING COMPANIES, A WORKING GROUP OF EXPERTS WAS SET UP, WHICH HAS WORKED IN THE PLANNING INSTITUTE. CONTABLE

THE PROPOSAL FORMULATED BY THE WORKING GROUP HAS BEEN REVIEWED BY THE TECHNICAL SERVICES OF THIS INSTITUTE, DEEPENING THE MOST TYPICAL PROBLEMS OF THE ACTIVITY OF THESE COMPANIES AND PROPOSING IN EACH CASE THE SOLUTIONS THAT ARE JUDGED MORE REASONABLE

THE RESULT OF THIS TASK AND THE SUGGESTIONS AND COMMENTS MADE BY THE STANDING COMMITTEE OF THE NATIONAL ACCOUNTING COUNCIL ARE THE PRESENT ADAPTATION RULES, WHICH COVER THE TRANSACTIONS OF THE AFOREMENTIONED COMPANIES WITH THE VARIOUS ECONOMIC OPERATORS, PROVIDING, AT THE END OF THE FINANCIAL YEAR, THROUGH THE APPROPRIATE CALCULATION PROCESS, THE EXTERNAL INFORMATION OF THE ANNUAL ACCOUNTS

OBVIOUSLY, THESE STANDARDS OF ADAPTATION, LIKE ALL THE ONES FORMULATED BY THE INSTITUTE, ARE OPEN TO ACCEPTING THE NECESSARY MODIFICATIONS IN A MORE OR LESS NEAR FUTURE. ALL WILL DEPEND ON THE TECHNOLOGICAL EVOLUTION OF THE FOOTWEAR INDUSTRY, THE CHANGES THAT EXPERIENCE ITS OWN VARIABLES, THE ACCOUNTING PROGRESS AND THE SUGGESTIONS OF PROFESSIONALS AND EXPERTS SUPPORTED BY OBSERVATIONS DEDUCED FROM THE APPLY THE MODEL

2. THESE RULES OF ADAPTATION ARE INTENDED FOR THE MANUFACTURE OF FOOTWEAR, WITH THE UNDERSTANDING AS SUCH THAT THEY ARE INTENDED TO MANUFACTURE FOOTWEAR (LEATHER, TEXTILES OR SYNTHETIC FOOTWEAR WITH TRADITIONAL MANUFACTURING PROCESSES (ASSEMBLED, GLUED, STITCHING, ETC.), INJECTION, MACHINING OR MOLDING. ALSO INCLUDED ARE COMPANIES ENGAGED IN THE MANUFACTURE OF MATERIALS AND ACCESSORIES FOR THE MANUFACTURE OF FOOTWEAR, THAT IS, THOSE THAT ONLY PERFORM PARTIAL MANUFACTURING PROCESSES

3. THE FIRST PART, TABLE OF ACCOUNTS, OF THE PRESENT ADAPTATION RULES CONTAINS THE ACCOUNTS OF THE GENERAL ACCOUNTING PLAN WHICH WILL NORMALLY BE USED BY THE FOOTWEAR MANUFACTURING COMPANIES AS WELL AS THE SPECIFIC ACCOUNTS (INDICATED WITH +) OF ITS ACTIVATIONS. HOWEVER, SUCH UNDERTAKINGS MAY BE USED BY THE OTHER UNDERTAKINGS INCLUDED IN THAT QUANTUM TEXT THE CHARACTERISTICS OF THE ACCOUNTING MOVEMENTS SO REQUIRE

AS MAY BE OBSERVED BY THE EXPERTS, THE STRICTER SUBORDINATION OF THE GENERAL ACCOUNTING PLAN HAS LED TO THE PREPARATION OF THESE ADAPTATION RULES. THE SPECIFIC ACCOUNTS OF THE BUSINESS OF THESE COMPANIES, AS WELL AS THEIR DEFINITIONS AND ACCOUNTING RELATIONSHIPS, ARE PERFECTLY SUITED TO THE TERMINOLOGY AND THE CRITERIA APPLIED IN THE ABOVE MENTIONED TEXT

4. IT IS APPROPRIATE TO MAKE A BRIEF COMMENT ON THE VALUATION OF MACHINERY. THE BASIC IDEA BEHIND THE MODEL IS THAT THE MODEL SHOULD BE PROPERLY AMORTISED, TAKING INTO ACCOUNT THE RULES SET OUT IN THE GENERAL ACCOUNTING PLAN ADAPTED TO THE DIFFERENT TYPES OF MACHINERY MORE CHARACTERISTIC OF THESE COMPANY

THE MACHINERY THAT IS NOT SUBJECT TO A STRONG TECHNOLOGICAL EVOLUTION NOR TO THE AVATARS OF THE FASHION NOR HAS IT ACQUIRED TO DEVELOP SOME SPECIAL MODEL, AS IT CAN BE THE ASSEMBLY, THE ONE OF TROQUELAR, TO TAKE OUT HORMAS, CULCANIZE, INJECT, ETC., IT WILL BE AMORTIZED ACCORDING TO THE DEPRECIATION THAT NORMALLY SUFFERS ACCORDING TO ITS INTERVENTION IN THE PRODUCTIVE PROCESS

THE MACHINERY THAT IS NOT SUBJECT TO A STRONG EVOLUTION, SUCH AS THE ONE OF MATING, PREFABRICATED, FINISHING, PACKAGING, ETC., WILL BE AMORTIZED, TAKING CARE OF, IN ADDITION AND IN PARTICULAR, THE OBSOLESCENCE THAT IT COULD BE OBJECT

FINALLY, THE MACHINERY ACQUIRED TO DEVELOP SOME SPECIAL OR TEMPORARY FASHION WILL BE DEPRECIATED TAKING INTO ACCOUNT IN PARTICULAR THE PURPOSE OF THE SAME, WHICH IS THE ONE THAT CONDITIONS THE USEFUL LIFE OF SAID MACHINERY IN THE COMPANY

THESE CIRCUMSTANCES, WHICH ARE ONLY GIVEN AS AN INDICATION, SHOULD BE CONSIDERED VERY WELL BY THE EXPERTS IN ORDER TO ESTABLISH A POLICY OF DIRECT DEPRECIATION, WHICH, IF NECESSARY IN ALL COMPANIES, IS REALISTIC. FOR ELEMENTARY REASONS OF MANAGEMENT, IT PRESENTS IN THE MANUFACTURE OF SHOES SPECIAL NOTES DEFINED BY THE CHANGING CHARACTERISTICS OF FASHION AND BY THE REQUIREMENTS OF INTERNATIONAL TRADE

5. ANOTHER ISSUE OF GREAT INTEREST IS THE TREATMENT ENVISAGED FOR THE ACCOUNTING OF STANDARDS, MOULDS AND TROQUELS. IN GENERAL, THE ACQUISITION OF THESE MATERIALS WILL BE COUNTED IN SUB-GROUP 60 ACCOUNTS-PURCHASES-IN PRINCIPLE, FOLLOWING THE PROCESS OF THE ACCOUNTING MODEL, THE HORMAS, MOULDS AND DIES WILL NORMALLY BE CONSIDERED AS EXPENSES. OF THE FINANCIAL YEAR. THEY SHALL BE COUNTED AS STOCKS ONLY IF, ON THE BASIS OF THE FASHION, THE MATERIALS INDICATED ARE STILL IN FORCE AT THE END OF THE FINANCIAL YEAR OR WHEN THEIR PERIOD OF USE HAS NOT YET BEEN COMPLETED; OR, WHERE THEY HAVE A CERTAIN VALUE. RESIDUAL. IN THESE CASES THE MATERIALS CONCERNED MUST BE ACCOUNTED FOR IN SUBGROUP 37, MATERIAL FOR CONSUMPTION AND REPLENISHMENT

HOWEVER, WHEN IN THE VIEW OF THE COMPANIES SOME OF THE MATERIALS THAT ARE BEING TREATED CONSTITUTE PERMANENT INVESTMENT, IT IS OBVIOUS THAT THEY MUST BE INCORPORATED INTO THE IMMOBILIZED AND AMORTIZED ACCORDING TO THE GENERAL CRITERIA. TO CARRY OUT THIS INCORPORATION, THE COMPANIES WILL USE THE ACCOUNTS OF SUBGROUP 77, STOCKS INCORPORATED IN THE FIXED ASSETS. FOR THIS PURPOSE, ACCOUNT 208, OTHER TANGIBLE FIXED ASSETS, SHALL BE CHARGED WITH CREDIT TO THAT OF SUB-GROUP 77

6. IN ACCORDANCE WITH INTERNATIONAL PRACTICES AND RECOMMENDATIONS, THE INSTITUTE FOR ACCOUNTING PLANNING HAS A STRONG CONCERN TO ENSURE THAT THE ANNUAL ACCOUNTS ARE THE EXPRESSION OF THE FIRM 'S TRUE IMAGE OF THE COMPANY' S ASSETS. FINANCIAL AND ITS RESULTS. ACCORDING TO THIS WAY OF THINKING, THE INSTITUTE TRIES TO AVOID THE INTERFERENCE OF FOREIGN ELEMENTS TO THOSE THAT CONDITION THE RIGOR AS A BASIC REQUIREMENT OF THE ACCOUNTING INFORMATION QE PRODUCES THE APPLICATION OF A VERY CAREFUL MODEL LIKE THE GENERAL PLAN OF THE ACCOUNTING. GIVEN THE QUESTION IN THE TAX PLANE IT IS OBSERVED THAT THE AUTHORS OF THE ABOVE MENTIONED TEXT HAVE FELT THE SAME CONCERN AS VERY WELL CAN BE WARNED WITH THE READING OF PARAGRAPH 8 OF THE INTRODUCTION OF THE GENERAL PLAN

PR THIS, IN THIS ADAPTATION YOU AVOID MAKING EXPRESS REFERENCE TO THE SO-CALLED , AS IT HAS ALREADY BEEN DONE IN OTHER PREVIOUSLY APPROVED ADAPTATIONS

NOW, THIS STANCE TAKEN BY THE INSTITUTE DOES NOT CAUSE ANY DIFFICULTY FOR THE COMPANIES. WHERE THEY ARE REQUIRED TO APPLY TAX ACCOUNTS, THEY SHALL COMPLY WITH THE SPECIFIC PROVISIONS OF THE REGULATIONS THEMSELVES. THE FLEXIBILITY OF THE GENERAL ACCOUNTING PLAN PROVIDES OPTIMAL SOLUTIONS FOR THE VARIOUS SCENARIOS THAT MAY ARISE, WITH THE TASK OF PROFESSIONALS AND EXPERTS BEING THE LOCATION OF EACH OF THE TAX ACCOUNTS TO BE OPENED IN THE GROUP THAT LOGICALLY CORRESPOND IN HARMONY WITH THE LINES THAT DRAW THE STRUCTURE OF THE TABLE OF ACCOUNTS. THE USE OF GROUP 0 WITH THE ACCOUNTS CONTAINED IN SOME ADAPTATION RULES, SUCH AS THE CASE OF ELECTRIC AND STEEL COMPANIES, WILL ALLOW A VERY SIMPLIFIED RESOLUTION OF THE NUMBER OF ISSUES

ALSO, THE INSTITUTE IS FIRMLY CONVINCED THAT THE IMPLEMENTATION OF THE GENERAL ACCOUNTING PLAN AND THE ADJUSTMENTS TO BE ADOPTED SHOULD LEAD TO THE ANNUAL ACCOUNTS EXPRESSING THE TRUE IMAGE OF THE HERITAGE, OF THE SITUATION FINANCIAL AND BUSINESS RESULTS. THEREFORE, WHERE THIS PURPOSE CAN BE AMENDED BY APPLICATION OF TAX RULES, IT IS ADVISABLE FOR COMPANIES TO INCLUDE IN THE ANNEX SUFFICIENT INFORMATION ON THE PROPORTION IN WHICH, FOR THE REASON INDICATED, THE CALCULATION OF THE RESULT OF THE EXERCISE

THE CRITERION IS A GOOD STEP FORWARD IN THE CONTEXT OF OUR ACCOUNTING PLANNING; ANNUAL ACCOUNT INFORMATION IS ENRICHED BY THE FACT OF REACHING HIGHER LEVELS OF QUALITY, AND IF THIS IS IMPORTANT IN THE NATIONAL CONTEXT, ITS SIGNIFICANCE IS EVEN GREATER WHEN IT IS PROJECTED AT INTERNATIONAL LEVEL, AS IT WILL SOON BE FACED WITH THE PROBLEM OF HARMONISING OUR ACCOUNTING RULES AND PRACTICES WITH THE FOURTH DIRECTIVE OF THE EEC, ADOPTED BY THE COUNCIL OF THE COMMUNITIES ON 25 JULY 1978

7. ADAPTING THE GENERAL ACCOUNTING PLAN TO THE SPECIAL FEATURES OF THE FOOTWEAR MANUFACTURING INDUSTRY, THE INSTITUTE FOR ACCOUNTING PLANNING IS ASSURED THAT THE COMPANIES CONCERNED WILL HAVE A VERY USEFUL INSTRUMENT FOR THE HIS OWN MANAGEMENT. IN ADDITION, THE STANDARD INFORMATION OBTAINED THROUGH THE IMPLEMENTATION OF THE PLAN WILL LEAD TO SUCH UNDERTAKINGS MAKING THEIR ANNUAL ACCOUNTS SUFFICIENT TO MEET THE DEMANDS OF THE VARIOUS ECONOMIC OPERATORS AND TO MEET THE REQUIREMENTS OF THE TO IMPROVE NATIONAL STATISTICS

FIRST PART

ACCOUNT BOX

NOTES.-THE SPECIFIC ACCOUNTS OF THE FOOTWEAR MANUFACTURING SECTOR AND THOSE OTHER THAN THOSE INTRODUCED INTO THESE ADAPTATION RULES, NOT INCLUDED IN THE GENERAL ACCOUNTING PLAN, ARE INDICATED BY THE

+)

GROUP 1

BASIC FINANCING

10. CAPITAL

100. SOCIAL CAPITAL

1000. ORDINARY CAPITAL

1001. PREFERRED CAPITAL

1002. CAPITAL WITH RESTRICTED RIGHTS

101. SOCIAL FUND

102 CAPITAL

103. AMORTISED CAPITAL

11 RESERVATIONS

110. SHARE ISSUE PREMIUM

111. ASSET REVALUATION GAIN

113. LEGAL RESERVES

1130. LEGAL RESERVATION (ART. 106, ACT OF S. A

115. STATUTORY RESERVES

116. VOLUNTARY RESERVATIONS

1160. ORDINARY RESERVES

1161. RESERVES TO WRITE DOWN OBLIGATIONS

1162. RESERVES FOR AMORTISED LIABILITIES

1163. RESERVES BY REGULARISATION OF DIVIDENDS

1164. RESERVATIONS PR RENEWAL OF DETENTION

12. Forecasts 120. FOR RISKS

121. FOR DIFFERENCES OF CHANGE

122. AUTOSECURE

123. PR ACCELERATION OF REDEMPTIONS

13. PENDING APPLICATION RESULTS

130. REMAINDER

131. NEGATIVE RESULT FOR FINANCIAL YEAR 19 ...

132. NEGATIVE RESULT FOR FINANCIAL YEAR 19 ...

14. GRANTS IN CAPITAL

140. OFFICIAL GRANTS

1400. OF THE STATE

1401. OTHER GRANTS

1410. FROM THE COMPANY TO

1411. OF THE COMPANY B

15. BORROWINGS

150. SIMPLE BONDS AND BONDS

1500. EMISSION OBLIGATIONS ...

1501. OBLIGATIONS, ISSUE ...

1505. BONDS, ISSUE ...

1506. BONDS, ISSUE ...

151. CONVERTIBLE SIMPLE BONDS AND BONDS

152. OBLIGATIONS AND COVERED BONDS

153. CONVERTIBLE SECURED BONDS AND BONDS

16. LOANS RECEIVED AND OTHER DEBTS TO GROUP COMPANIES

160. LONG-TERM LOANS

1600. COMPANY A

1601. COMPANY B

161. MEDIUM TERM LOANS

162. SHORT TERM LOANS

165. LONG-TERM CREDITORS

1650. COMPANY A

1651. COMPANY B

166. MEDIUM-TERM CREDITORS

167. SHORT TERM CREDITORS

17. LOANS RECEIVED AND OTHER DEBTS TO COMPANIES OUTSIDE THE GROUP

170. LONG-TERM LOANS

1700. OF OFFICIAL BANKS

1701. OF PRIVATE BANKS

1702. OF OFFICIAL BODIES

1703. OF PRIVATE ENTITIES

1704. OF SAVINGS BOXES (+)

1705. OF INTERNATIONAL ORGANISMS

1706. OF FOREIGN FINANCIAL INSTITUTIONS AND BANKS

1707. WITH MORTGAGE GUARANTEE OR PIGNORATICIA (ARTICLE 103, ACT OF S. A.)

171. MEDIUM TERM LOANS

175. LONG-TERM CREDITORS

1750. COMPANY A

1751. COMPANY B

176. MEDIUM-TERM CREDITORS

18 FIANZAES AND RECEIVED DEPOSITS

180. LONG-TERM BONDS

181. MEDIUM-TERM BONDS

185. LONG-TERM DEPOSITS

186. MEDIUM-TERM DEPOSITS

19. TRANSITIONAL FINANCING SITUATIONS

190. SHAREHOLDERS, UNDISBURSED CAPITAL

191. SHAREHOLDERS, UNDISBURSED ISSUANCE PREMIUM

192. PARTNERS, UNDISBURSED PART

193. OWN ACTIONS IN SPECIAL SITUATIONS

1930. OWN ACTIONS (ART. 32, ACT OF S. A.)

1931. OWN ACTIONS (ART. 47, ACT OF S. A.)

1932 OWN ACTIONS (ART. 85, ACT OF S. A.)

1933 OWN ACTIONS (ART. 135, S. A. LAW)

1934 OWN ACTIONS (ART. 144, ACT OF S. A.)

1935. OWN ACTIONS (ACT 83/1968)

195. OBLIGATIONS AND BONDS OUTSTANDING

196. OBLIGATIONS AND BONUSES COLLECTED

GROUP 2

QUIESCED

20. TANGIBLE FIXED ASSETS

200. LAND AND NATURAL ASSETS

2000. SOLARES WITHOUT EDIFICAFR

2001. RUSTIC ESTATES

2003. FACTORY GROUNDS (+)

202. BUILDINGS AND OTHER BUILDINGS

2020. INDUSTRIAL

2021. ADMINISTRATIVE

2022. TRADE

2023. OTHER BUILDING

2025. URBANIZATION AND IMPROVEMENT OF LAND (+)

2026. DWELLINGS (+)

203. MACHINERY, INSTALLATIONS AND TOOLS

20309 MACHINERY

20300. OF CUT (+)

20302. OF APARATED (+)

20304. PREINSTALLED (+)

20305. OF MOUNTED (+)

20306. FINISHING AND PACKAGING (+)

20306. AUXILIARY ($)

20308. OF CONSERVATION (+)

20309. WITHOUT USE (+)

2031. INSTALLATIONS

20310 WATER. (+)

20311. OF ALUMBARADO N$)

20312. ICAS (+)

20313. DE IBLEN (+)

20314. AIR CONDITIONING (+)

20315. COMPRESSED AIR (+)

20316. OF COMMUNICATIONS (+)

20317. SECURITY (+)

2032. INTERNAL TRANSPORT ELEMENTS

20320. FIXED (+)

20321. MOFILES (+)

2033. TOOLS AND TOOLS

204. TRANSPORT ELEMENTS

2040. CAR MATERIAL

205. FURNITURE AND GOODS

2050. FURNITURE

20500. OF OFFICE (+)

20501. INDUSTRIAL (+)

2051. OFFICE EQUIPMENT

20K29 OFFICE MATERIAL

206. EQUIPMENT FOR INFORMATION PROCESSES

207. PARTS FOR FIXED ASSETS

208. OTHER TANGIBLE FIXED ASSETS

2083. HORMAS (+)

20849 N$ MOLDS)

2085. TROQULES (+)

21. TANGIBLE FIXED ASSETS

211. INDUSTRIAL PROPERTY

21109 PATENTS

2111. TRADEMARKS AND TRADE NAMES

2112. Manufacture

s)

212. TRADE FUND

213. TRANSFER RIGHTS

23. QUIESCE IN PROGRESS

230. ADAPTATION OF LAND AND NATURAL ASSETS

232. BUILDINGS AND OTTS IN PROGRESS

233. MACHINERY AND INSTALLATIONS IN ASSEMBLY

236. EQUIPMENT FOR INFORMATION PROCESSES, IN ASSEMBLY

238 ..................

239. INFESTATIONS, STUDIES AND ONGOING PROJECTS

24. FINANCIAL INVESTMENTS IN GROUP COMPANIES

240. SHARES WITH OFFICIAL LISTING

241. NO OFFICIAL LISTING

242. OTHER SHAREHOLDINGS

243. BONDS AND BONDS

2430. BONDS AND BONDS OF SPANISH ENTITIES 2431. BONDS AND BONDS OF FOREIGN ENTITIES

244. LONG-TERM LOANS

245. MEDIUM TERM LOANS

246. SHORT TERM LOANS

249. OUTSTANDING DISBURSEMENTS ON SHARES AND HOLDINGS

2490. OF REQUIRED SPANISH COMPANIES

2491. OF SPANISH COMPANIES, NOT REQUIRED

2465. OF FOREIGN COMPANIES, REQUIRED

2496. OF FOREIGN COMPANIES, NOT REQUIRED

25. OTHER PERMANENT FINANCIAL INVESTMENTS

250. SHARES WITH OFFICIAL LISTING

251. SHARES WITHOUT OFFICIAL LISTING

252. SHARES IN COMPANIES OF COMPANIES

254. LONG-TERM LOANS

255. MEDIUM TERM LOANS

259. PENDING DISBURSEMENTS ON SHARES

2590. OF SPANISH COMPANIES, EXTINCT

2591. OF SPANISH COMPANIES, NOT EXTINCT

2595. OF FOREIGN COMPANIES, EXTINGUISHED

2596. OF FOREIGN COMPANIES, NOT EXTINGUISHED

26. ESTABLISHED BONDS AND DEPOSITS

260. LONG-TERM BONDS

261. MEDIUM-TERM BONDS

265. LONG-TERM DEPOSITS

266. MEDIUM-TERM DEPOSITS

27. DEPRECIABLE EXPENSES

270. EXPENDITURE ON THE CONSTITUTION

271. FIRST-ESTABLISHMENT GASPS

272. CAPITAL INCREASE EXPENDITURE

273. START-UP COSTS

274. COSTS OF ACQUISITION OF FIXED ASSETS

275. EXPENDITURE ON THE ISSUANCE OF LOANS AND LOAN FORMALISATION BONDS

2750. ISSUE, MODIFICATION AND CANCELLATION OF BONDS AND BONDS

2751. OF FORMAT, MODIFICATION AND CANCELLATION OF LOANS

276. DEFERRED FINANCIAL EXPENSES

2760. DEBT AND BOND REPAYMENT PREMIUMS (+)

2769. OTHER DEFERRED FINANCIAL EXPENSES (+)

277. RESEARCH, STUDIES AND PROJECTS TO BE AMORTISED

278. MODIFICATION OF MONETARY AND EXCHANGE RATE PARITY (+)

279. OTHER DEPRECIABLE EXPENSES

28. DEPRECIATION OF FIXED ASSETS

280. CUMULATIVE DEPRECIATION OF FIXED ASSETS 2800. OF NATURAL GOODS

2802. OF BUILDINGS AND OTHER BUILDINGS 2803. OF MACHINERY, INSTALLATIONS AND TOOLS

2804. OF TRANSPORT ELEMENTS

2805. OF FURNITURE AND GOODS

2806. OF EQUIPMENT FOR INFORMATION PROCESSES

2808. OF OTHER TANGIBLE FIXED ASSETS

281. CUMULATIVE AMORTIZATION OF INTANGIBLE IMMOVIISATION

2810. INDUSTRIAL PROPERTY

29. PROVISIONS (FIXED)

291. PROVISIONS FOR EXTRAORDINARY WORKS AND REPAIRS

2910. WORK OR REPAIR TO

2911. WORK OR REPAIR B

292. PROVISION FOR DEPRECIATION OF LAND

293. PROVISION FOR DEPRECIATION OF PERMANENT FINANCIAL INVESTMENTS

295. PROVISION FOR INSOLVENCIES

2950. SALDO A

2951. SALDO B

GROUP 3

STOCKS

30. TRADE

300. CALZADOS (+)

304. SLIPPERS (+)

308. OTHER CALZADOS (+)

309. OTHER PRODUCTS (+)

31. TERMINATED PRODUCTS

310. CALZADOS (+)

314. SLIPPERS (+)

318. OTHER CALZADOS (+)

319. OTHER TERMINATED PRODUCTS (+)

32. SEMI-FINISHED PRODUCTS

302. OF CALZADOS (+)

30200. CORTES (+)

3202. AP-CUT (+)

3203. PREVIEW (+)

3204. UNPACKED FINISHES (+)

324. OF SLIPPERS (+)

3240. CORTES (+)

3242. ATTACHED CUTS (+)

PREINSTALLED (+)

3244. UNPACKED FINISHES (+)

328. OF OTHER CALZADOS (+)

3280. CORTES (+)

3282. AP-CUT (+)

3283. PREVIEW (+)

3284. UNPACKED FINISHES (+)

329 OTHER PRODUCTS (+)

33. BY-PRODUCTS AND WASTE

330. SUBPRODUCTS

335. WASTE

34. PRODUCTS AND WORK IN PROGRESS

340. PRODUCTS IN COURSE OF FOOTWEAR (+)

3400. IN CUT (+)

3240. IN APARADO (+)

3404. IN PREVIEW (+)

3405. ON MOUNTED (+)

ON MOUNTED (+)

3406. IN FINISHING AND PACKAGING ($)

344. PRODUCTS IN THE COURSE OF SLIPPERS (+)

3440. IN CUT (+)

3442. ON APARATED ($)

3445. ON MOUNTED (+)

3486. IN FINISHING AND PACKAGING (+)

349. OTHER PRODUCTS IN CURSO (+)

35. RAW MATERIALS AND AUXILIARIES

350. CORTE MATERIAL (+)

3500. PIELES (+)

3501. (+)

3502. SYNTHETIC (+)

351. PISO (+) MATERIAL

3510. (+)

3511. CAUCHOS (+)

3512. SINTERICOS (+)

3516. WOODS AND CORKS (+)

354. FORNITURAS (+)

359. OTHER AS (+)

36. EMBEDDABLE ELEMENTS AND ASSEMBLIES

360. CORTES (+)

361. FLOORS, HEELS AND TEMPLATES (+)

369. OTHER EMBEDDABLE ELEMENTS AND ASSEMBLIES (+)

3690. CAPS AND BUTTRESSES (+)

37. MATERIALS FOR CONSUMPTION AND REPLENISHMENT

370.

IBM

371. Miscellaneous MATERIALS

372. SPARE parts

373. HORMAS (+)

374. MOULDS (+)

375. TROQULES (+)

38. PACKAGING AND PACKAGING

380. AMBALAJES

385. ENVASES

39. PROVISIONS FOR DEPRECIATION OF STOCKS

390. OF GOODS

391. OF TERMINAL PRODUCTS

392. OF SEMI-FINISHED PRODUCTS

394. OF PRODUCTS IN CURSO

395. OF RAW MATERIALS AND AUXILIARIES

397. OF MATERIALS FOR CONSUMPTION AND REPLENISHMENT

396. OF PACKAGING AND PACKAGING

GROUP 4

CREDITORS AND DEBTORS FOR TRAFFIC OPERATIONS

40. SUPPLIERS

400. SUPPLIERS

400. SUPPLIERS (PESETAS)

4001. SUPPLIERS (FOREIGN CURRENCY)

401. GROUP COMPANIES, SUPPLIER ACCOUNT

4010. GROUP COMPANIES (PESETAS)

4011. GROUP COMPANIES (FOREIGN CURRENCY)

402. SUPPLIERS, INVOICES TO RECEIVE OR TO FORMALIZE

404. ADVANCES FOR JOBS TO BE PERFORMED BY THIRD PARTIES (+)

405. ADVANCES FOR WORK TO BE CARRIED OUT BY OTHER COMPANIES IN THE GROUP (+)

407. PACKAGING TO BE RETURNED TO SUPPLIERS

4070. PACKAGING TO BE RETURNED

4075. PACKAGING TO RETURN

408. ADVANCES TO SUPPLIERS

409. ADVANCES TO GROUP COMPANIES, SUPPLIER ACCOUNT

41. OTHER CREDITORS

410. MISCELLANEOUS CREDITORS

4100. FOR LEASES

4101. FOR REPAIRS AND CONSERVATION

4102. FOR SUPPLIES

4103. BY TRANSPORT (+)

4104. BY ROYALTIES (+)

4105. BY ADVERTISEMENT (+)

4109. FOR OTHER SERVICES (+)

411. GROUP COMPANIES, ACCOUNT OF OTHER CREDITORS (+)

412. CREDITORS, INVOICES TO RECEIVE OR FORMALIZE (+)

413. REPRESENTATIVES AND COMMISSION (+)

4130. NATIONAL (+)

4131. FOREIGNERS (+)

414. ADVANCES TO REPRESENTATIVES AND COMMISSION (+)

418. ADVANCES TO OTHER CREDITORS (+)

419. ADVANCES TO GROUP COMPANIES, ACCOUNT OF OTHER CREDITORS (+)

42. COMMERCIAL EFFECTS TO BE PAID

4200. EFFECTS TO BE PAID (PESETAS)

4201. EFFECTS TO BE PAID (FOREIGN CURRENCY)

43. CLIENTS

430. CLIENTS 4300. CLIENTS (PESETAS)

4301. SPANISH STATE, CUSTOMER ACCOUNTS

4302. OTHER PUBLIC ENTITIES, CUSTOMER ACCOUNTS

4303. CLIENTS (FOREIGN CURRENCY)

431. GROUP COMPANIES, CUSTOMER ACCOUNT

4310. GROUP COMPANIES (PESETAS)

431U. GROUP COMPANIES (FOREIGN CURRENCY)

435. CLIENTS OF DOUBTFUL COLLECTION

437. PACKAGING TO BE RETURNED BY CUSTOMERS

4370. PACKAGING TO BE RETURNED

4375. PACKAGING TO RETURN

438. CUSTOMER ADVANCES

439. GROUP BUSINESS ADVANCES, CUSTOMER ACCOUNT

44. OTHER DEBTORS

440. MISCELLANEOUS DEBTORS

4400. FOR LEASES

4401. FOR THE PROVISION OF SERVICES

4402. FOR GRANTS AWARDED (PRIVATE ENTITIES)

441. GROUP COMPANIES, ACCOUNT OF OTHER DEBTORS (+)

445. DEBTORS OF DOUBTFUL RECOVERY

45. ACTIVE COMMERCIAL EFFECTS

450. COMMERCIAL EFFECTS TO BE CHARGED

4500. RECEIVABLES (PESETAS)

4501. RECEIVABLES (FOREIGN CURRENCY)

4502. EFFECTS TO BE NEGOTIATED (PESETAS)

4503. EFFECTS TO BE NEGOTIATED (FOREIGN CURRENCY)

455. UNPAID BUSINESS EFFECTS

4550. PROTECTIVE EFFECTS

4551. UNPAID EFFECTS WITHOUT PROTEST

46. PERSONAL

460. ADVANCES IN REMUNERATION

464. ADVANCES FOR EXPENDITURE TO BE JUSTIFIED (+)

465. REMUNERATION TO BE PAID

47. PUBLIC ENTITIES

470. DEBTOR PUBLIC FINANCE FOR VARIOUS CONCEPTS

4700. FOR GRANTS AWARDED

4701. FOR TAX RELIEF

4702. BY TAX REFUND

471. OTHER PUBLIC ENTITIES, DEBTORS

4710. DEPUTATIONS

4711. Town halls 4712. OTHER PUBLIC ENTITIES

472. SOCIAL SECURITY AGENCIES, DEBTORS

4720. NATIONAL FORECASTING INSTITUTE

4721. MUTUALITY TO

4722. MUTUALITY B

475. PUBLIC FINANCES, CREDITORS FOR TAX CONCEPTS

476. OTHER PUBLIC ENTITIES, CREDITORS

4760. DEPUTATIONS

4761. MUNICIPALITIES

4762. OTHER PUBLIC ENTITIES

477. SOCIAL SECURITY AGENCIES, CREDITORS

4770. NATIONAL FORECASTING INSTITUTE

4771. MUTUALITY TO

4772. MUTUALITY B

48. ADJUSTMENTS TO BE MADE

480. ADVANCE PAYMENTS

4800. FOR RENTALS

481. DEFERRED PAYMENTS

1810. PAYMENT DEPENDENT ACCRUAL FEES

485. ANTICIPATED COLLECTIONS

4800. OF RENTALS

486. DEFERRED CHARGES

4860. ACCRUALS DEPENDENT FEES

49, PROVISIONS (TRAFFIC)

490. FOR INSOLVENYOU

4900. CLIENTS OF DOUBTFUL COLLECTION

49019 INDOUBT DEBTORS

492. FOR RESPONSIBILITIES

GROUP 5. FINANCIAL Accounts

50. LOANS RECEIVED AND OTHER DEBTS TO COMPANIES OUTSIDE THE GROUP

500. SHORT TERM LOANS

5000. OF OFFICIAL BANKS

5001. OF PRIVATE BANKS

5002. OF OFFICIAL BODIES

5003. OF PRIVATE ENTITIES

5004. OF SAVINGS BOXES (+)

5005. OF INTERNATIONAL ORGANISMS

5006. OF FOREIGN BANKS AND FINANCIAL INSTITUTIONS

5007. WITH MORTGAGE GUARANTEE OR PIGNORATICIA (ARTICLE 103. ACT OF S. A.)

502. SHORT TERM LOANS, EXPORT CREDIT (+)

5020. OF OFFICIAL BANKS (+)

5021. OF PRIVATE BANKS (+)

505. SHORT TERM CREDITORS

5050. COMPANY A

5051. COMPANY B

51. NON-COMMERCIAL CREDITORS

510. BY INTERESTS

5100. OF OBLIGATIONS, ISSUE ...

5101. OF OBLIGATIONS, ISSUE ...

5105. OF BONDS, ISSUE ...

5106. OF BONDS, ISSUE ...

5109. OF LOANS

511. BONDS AND AMORTISED LOANS

5110. AMORTIZED REPAYMENTS OUTSTANDING, ISSUE ...

5111. WRITTEN OBLIGATIONS OUTSTANDING REPAYMENT, ISSUE ...

5115. AMORTIZED BONDS OUTSTANDING FOR REPAYMENT, ISSUANCE ...

5116. AMORTIZED BONDS OUTSTANDING FOR REPAYMENT, ISSUANCE ...

5119. LOANS DUE TO BE REPAID

512. FOR ACTIVE DIVIDENDS

513. FOR AMORTIZED SHARES

52. BONDS AND DEPOSITS RECEIVED

520. SHORT TERM BONDS

525. SHORT TERM DEPOSITS

53. TEMPORARY FINANCIAL INVESTMENTS

530. PUBLIC FUNDS

5300. PUBLIC DEBT OF THE SPANISH STATE

5301. DEBT OF DEPUTATIONS

5302. DEBT OF MUNICIPALITIES

5319 OTHER FIXED INCOME SECURITIES

5310. SPANISH COMPANIES

5311. FOREIGN STATES

53129 FOREIGN CORPORATIONS

5313. FOREIGN COMPANIES

532. SHARES WITH OFFICIAL LISTING

533. SHARES WITHOUT OFFICIAL LISTING

534. SHORT TERM LOANS

5340. TO THE STAFF FOR VARIOUS CONCEPTS

535. FIXED TERM IMPOSITIONS

536. IMPOSITIONS AFFECTED BY ONGOING RISKS (+)

539. OUTSTANDING DISBURSEMENTS ON SHARES

5390. OF SPANISH COMPANIES, REQUIRED

5391. OF SPANISH COMPANIES, NOT REQUIRED

5395. OF FOREIGN COMPANIES, REQUIRED

5396. OF FOREIGN COMPANIES, NOT REQUIRED

54. ESTABLISHED BONDS AND DEPOSITS

540. SHORT TERM BONDS

545. SHORT TERM DEPOSITS

55. OTHER NON-BANK ACCOUNTS

550. CURRENT ACCOUNTS, WITH COMPANIES IN THE GROUP

5500. WITH ACCRUAL OF INTEREST (+)

5501. NO INTEREST ACCRUAL (+)

551. CURRENT ACCOUNTS WITH PARTNERS AND ADMINISTRATORS

5510. WITH ACCRUAL OF INTEREST (+)

5511. NO INTEREST ACCRUAL (+)

555. APPLICATION DEPENDENT ITEMS

556. DIFFERENCES IN VALUATION IN FOREIGN CURRENCY (+)

559. ASSET ASSET

57. TREASURY

570. BOX, PESETAS

571. BOX, FOREIGN CURRENCY

572. BANKS AND CREDIT INSTITUTIONS C/C. VISTA, PESETAS

573. BANKS AND CREDIT INSTITUTIONS C/C. VIEW, FOREIGN CURRENCY

574. BANKS AND CREDIT INSTITUTIONS, SAVINGS ACCOUNTS

58. ADJUSTMENTS TO BE MADE

580. INTEREST PAYABLE, NOT DUE

581. INTEREST RECEIVABLE, NOT DUE

585. INTEREST PAID IN ADVANCE

586. INTEREST CHARGED IN ADVANCE

59. PROVISIONS

590. FOR INSOLVENYOU

5901. SALDO A

5902. SALDO B

592. FOR DEPRECIATION OF TEMPORARY FINANCIAL INVESTMENTS

GROUP 6. PURCHASES AND EXPENSES BY NATURE

60. BUY

600. OF CALZADOS (+)

6004. OF SLIPPERS (+)

6008. OF OTHER CALZADOS (+)

6009. OF OTHER PRODUCTS (+)

6019 COMMODITY PURCHASES

6010. CORTE MATERIAL (+)

6311. PISO (+) MATERIAL

6014. FORNITURAS (+)

6019. OTHER AS (+)

602. PURCHASES OF ANCILLARY MATERIALS

603. PURCHASES OF EMBEDDABLE ELEMENTS AND ASSEMBLIES

6030. CORTES (+)

6031. FLOORS, HEELS AND TEMPLATES (+)

6039. OTHER EMBEDDABLE ELEMENTS AND ASSEMBLIES (+)

604. PURCHASES OF MATERIALS FOR CONSUMPTION AND REPLENISHMENT

6040.

IBM

6041. Miscellaneous MATERIALS

6042. SPARE parts

6043. HORMAS (+)

6044. MOULDS (+)

6045. TROQULES (+)

606. PACKAGING PURCHASES

607. PACKAGING PURCHASES

608. PURCHASES RETURNS

6080. MERCHANDISE

6081. RAW MATERIALS

6082. AUXILIARY MATERIALS (+)

6083. EMBEDDABLE ELEMENTS AND ASSEMBLIES (+)

6084. MATERIALS FOR CONSUMPTION AND REPLENISHMENT (+)

6086. PACKAGING (+)

6087. ENVASES (+)

609. BY BUY

61. PERSONNEL COSTS

610. WAGES AND SALARIES

6100. FIXED REMUNERATION

6101. EVENTUAL REMUNERATION

6102. ALLOWANCES AND ALLOWANCES FOR TRAVEL EXPENSES (+)

612. SALES COMMISSIONS (+)

6120. NATIONAL (+)

6121. FOREIGNERS (+)

616. TRANSPORT OF STAFF

6160. OWN SERVICE

6161. OTHER COMPANY SERVICE

617. SOCIAL SECURITY IN CHARGE OF THE COMPANY

618. OTHER SOCIAL EXPENDITURE

6180. PENSIONS AND PENSIONS

6181. Eaters

6182. ECONOMY

6183. VOCATIONAL TRAINING (+)

6184. SCHOOL AID 7 +)

6185. HEALTH ASSISTANCE (+)

6189. OTHER SOCIAL EXPENDITURE (+)

62. FINANCIAL EXPENSES

620. CAPITAL INCREASE

6200. WRITING AND RECORDING

6201. TRIBUTES

6202. TITLE OF TITLES

621. ISSUE, MODIFICATION AND CANCELLATION OF BONDS AND BONDS

622. OF FORMAT, MODIFICATION AND CANCELLATION OF LOANS

623. INTEREST ON BONDS AND BONDS

6230. INTEREST, ISSUE ...

6231. INTEREST, ISSUE ...

624. INTEREST ON LOANS

6240. INTEREST, LOAN TO

6241. INTEREST, LOAN B

625. COSTS OF CHARGES TO DEBTORS (+)

6520. BY TIMBRES AND EFFECTS (+)

6251. FOR THE MANAGEMENT OF NATIONAL CHARGES (+)

6252. FOR MANAGEMENT OF CHARGES ABROAD

6253. DISCOUNT FOR NATIONAL EFFECTS (+)

6254. FOR DISCOUNT OF EFFECTS ON FOREIGN (+)

6255. BY DEBOLUTIONS AND PROTEST OF EFFECTS (+)

626. EARLY PAYMENT DISCOUNTS

628. NEGATIVE DIFFERENCES IN FOREIGN CURRENCY (+)

629. OTHER FINANCIAL EXPENSES

6290. BANK FEES FOR THE SERVICE OF PAYMENT OF DIVIDENDS, INTEREST, ETC

6294. BANK COMMISSIONS BY ENDORSEMENTS (+)

6295. EXPENSES OF THE UNION OF OBLIGATIONISTS (+)

6299. OTHER FINANCIAL EXPENSES

63. TRIBUTES

630. RIBUTOS

6300. TRIBUTE TO

6301. B-TRIBUTE

64. EXTERNAL WORK, SUPPLIES AND SERVICES

640. LEASES

6433. OF LAND AND NATURAL GOODS (+)

6402. OF BUILDINGS (+)

6403. OF Machinery (+)

6404. OF TRANSPORT ELEMENTS

6405. OF EQUIPMENT FOR INFORMATION PROCESSES (+)

6409. OF OTHER LEASES (+)

641. REPAIRS AND CONSERVATION

6410. OF LAND (+)

6412. OF BUILDINGS AND OTHER BUILDINGS (+)

6413. OF MACHINERY, INSTALLATIONS AND TOOLS (+)

6414. OF TRANSPORT ELEMENTS (+)

6415. OF FURNITURE AND GOODS (+)

6416. OF EQUIPMENT FOR INFORMATION PROCESSES (+)

6418. OF OTHER TANGIBLE ASSETS (+)

642. SUPPLIES

6420. WATER

6421. GAS

6422. ELECTRICITY

643. CANONES

6430. PATENTS

6431. TECHNICAL ASSISTANCE

6432. TRADEMARKS AND TRADE NAMES

644. REMUNERATION FOR INDEPENDENT MEDIATORS

6440. NATIONAL (+)

6441. FOREIGNERS (+)

645. WORK DONE BY THIRD PARTIES (+)

6450. OF CUT (+)

6452. APERADO (+)

LJKJ. PREINSTALLED (+)

LJKK. OF MOUNTED (+)

6456. FINISHING AND PACKAGING (+)

6457. EMPLOYERS

6458. MODELERS (+)

646. INSURANCE PREMIUMS

6460. FIRE

6461. CATASTROPHIC RISKS

6462. INSOLVENCIES OF DEBTORS (+)

6463. TRANSPORT OF GOODS (+)

6464. TRANSPORT Elements (+)

65. TRANSPORT AND FREIGHT

650. TRANSPORT AND FREIGHT TRANSPORT

6500. NATIONAL (+)

6501. FOREIGNERS

651. SALES AND SALES FREIGHT

6510. NATIONAL (+)

6511. FOREIGNERS (+)

652. OTHER TRANSPORTS AND FREIGHT

66. MISCELLANEOUS EXPENSES

660. OFFICE MATERIAL

661. COMMUNICATIONS

662. PUBLIC RELATIONS

664. LEGAL, CONTENTIOUS

665. ANCILLARY SERVICES

669. OTHER EXPENSES

67. PROSPECTING, DEVELOPMENT AND PROMOTION (+) EXPENSES

670. ATTENDANCE AT FAIRS AND EXHIBITIONS (+)

671. MODELS AND MODELS (+)

672. DOCUMENTATION AND TECHNICAL STUDIES (+)

673. ADVERTISING AND PROPAGANDA (+)

674. MODELERS (+)

675. ITEMS FOR SAMPLING (+)

68. APPROPRIATIONS FOR THE FINANCIAL YEAR FOR AMORTISATION

680. DEPRECIATION OF TANGIBLE FIXED ASSETS

6800. OF NATURAL GOODS

6802. OF BUILDINGS AND OTHER BUILDINGS

6803. OF MACHINERY, INSTALLATIONS AND TOOLS

6804. OF TRANSPORT ELEMENTS

6805. OF MOBILE AND ENSERÉS

6506. OF EQUIPMENT FOR INFORMATION PROCESSES

6808. OF OTHER TANGIBLE FIXED ASSETS

681. DEPRECIATION OF TANGIBLE FIXED ASSETS

6810. OF ADMINISTRATIVE CONCESSIONS

6811. INDUSTRIAL PROPERTY

687. AMORTIZATION OF EXPENSES

6870. OF EXPENDITURE OF THE CONSTITUTION

6871. OF EXPENSES OF FIRST ESTABLISHMENTS

69. ALLOCATIONS TO PROVISIONS

691. PROVISION FOR PROVISIONS FOR EXTRAORDINARY WORKS AND REPAIRS

6910. WORK OR REPAIR TO

6911. WORK OR REPAIR B

693. PROVISION FOR THE PROVISION FOR INSOLVENCIES

6930. FOR LOANS INCLUDED IN GROUP 2

6931. FOR LOANS INCLUDED IN GROUP 4

692. FOR LOANS INCLUDED IN GROUP 5

695. PROVISION FOR THE PROVISION FOR RESPONSIBILITIES

GROUP 7. SALES AND REVENUE BY NATURE

70. SALE OF GOODS AND FINISHED GOODS (OR INCOME FROM SERVICE PROVIDED BY WORK CARRIED OUT, ETC.)

700. SALE OF FOOTWEAR (+)

7000. NATIONAL (+)

7001. FOREIGN (+)

701. SALE OF SLIPPERS (+)

7010. NATIONAL (+)

7011. FOREIGN (+)

702. SALE OF OTHER FOOTWEAR (+)

7020. NATIONAL (+)

7021. FOREIGN (+)

703. SALE OF OTHER PRODUCTS (+)

7030. NATIONAL (+)

7031. FOREIGN (+) 707. SPECIAL BONUSES (+)

708. SALES RETURNS

709. "RAPPELS" ABOUT SALES

71. SALES OF BY-PRODUCTS AND WASTE

710. SALES OF BY-PRODUCTS

715. WASTE SALES

72. SALES OF PACKAGING AND PACKAGING

720. SALES OF PACKAGING

725. SALES OF PACKAGING

73. ANCILLARY REVENUE FROM THE HOLDING

730. FOR THE PROVISION OF SERVICES TO STAFF

7301. Eaters

7302. ECONOMY

731. INDUSTRIAL PROPERTY CEDED IN OPERATION

7310. PATENTS. 7311. TECHNICAL ASSISTANCE

7312. TRADEMARKS AND TRADE NAMES

732. COMMISSIONS

733. TAX RELIEF FOR EXPORT (+)

735. PROVISION OF MISCELLANEOUS SERVICES

738. OTHER INCOME

7380. LEASES

7383. TAX REFUNDS

74. FINANCIAL REVENUE

740. OF SHARES AND UNITS OF UNDERTAKINGS OF THE GROUP

741. BONDS AND BONDS AND LOANS BY GROUP COMPANIES

742. OF OTHER PERMANENT FINANCIAL INVESTMENTS

743. OF TEMPORARY FINANCIAL INVESTMENTS

746. EARLY PAYMENT DISCOUNTS

747. OTHER FINANCIAL INCOME

748. POSITIVE DIFFERENCES IN FOREIGN CURRENCY (+)

75. GRANTS TO THE HOLDING

750. OFFICIAL GRANTS

7500. OF THE STATE

7501. OF THE DEPUTIES

7502. OF THE MUNICIPALITIES

7503. OF OTHER PUBLIC ENTITIES

751. OTHER GRANTS

7510. TO

7511. OF ENTITY B

76. WORK DONE BY THE COMPANY FOR ITS FIXED ASSETS

760. FOR FIXED ASSETS

7600. IN LAND AND NATURAL GOODS

7602. IN BUILDINGS AND OTHER BUILDINGS

7603. IN MACHINERY, INSTALLATIONS AND TOOLS

7604. IN TRANSPORT ELEMENTS

7606. IN EQUIPMENT FOR INFORMATION PROCESSES

7607. IN PARTS FOR FIXED ASSETS

7608. IN OTHER TANGIBLE FIXED ASSETS

761. FOR INTANGIBLE FIXED ASSETS

7610. FOR INDUSTRIAL PROPERTY

763. FOR ONGOING FIXED ASSETS

7630. IN ADAPTATION OF LAND AND NATURAL GOODS

7632. IN BUILDINGS AND OTHER ONGOING CONSTRUCTION

7633. FOR MACHINERY AND INSTALLATIONS IN ASSEMBLY

7636. IN EQUIPMENT FOR INFORMATION PROCESSES, IN ASSEMBLY

7638. IN OTHER ONGOING TANGIBLE ASSETS

767. FOR ESTABLISHMENT AND COMMISSIONING

77. STOCKS INCORPORATED IN FIXED ASSETS (+).

770. EMBEDDED IN FIXED ASSETS (+)

771. MOULDS INCORPORATED INTO FIXED ASSETS (+)

772. FIXED ASSETS FOR FIXED ASSETS (+)

79. PROVISIONS APPLIED TO THEIR PURPOSE

791. EXTRAORDINARY REPAIRS COVERED WITH PROVISIONS

793. INSOLVENCIES COVERED WITH PROVISIONS

795. LIABILITIES COVERED WITH PROVISIONS

GROUP 8

RESULTS

80. EXPLOITATION

800. EXPLOITATION

82. EXTRAORDINARY RESULTS

83. RESULTS OF THE SECURITIES PORTFOLIO

830. RESULTS OF THE SECURITIES PORTFOLIO

89. PROFIT AND LOSS

890. PROFIT AND LOSS

GROUP 0

ORDER AND SPECIAL ACCOUNTS

00. VALUES RECEIVED UNDER WARRANTY

000. SETTINGS IN ADMINISTRATOR WARRANTY

001. SECURITIES IN EMPLOYEE WARRANTY

002. SECURITIES ON THE GUARANTEE OF CONTRACTORS AND SUPPLIERS

005. ADMINISTRATOR WARRANTY

005. EMPLOYEE WARRANTY

007. GUARANTEE OF CONTRACTORS AND SUPPLIERS

01. VALUES DELIVERED UNDER WARRANTY

010. FOR ADMINISTRATION

011. GUARANTEE FOR WORKS, SERVICES AND SUPPLIES CONTRACTS

015. SECURITIES IN WARRANTY BY ADMINISTRATION

016. SECURITIES ON THE BASIS OF CONTRACTS FOR WORKS, SERVICES AND SUPPLIES

02. DISCOUNT RISK OF COMMERCIAL EFFECTS

020. DISCOUNTED EFFECTS DUE TO MATURITY

025. RISK FOR DISCOUNTED EFFECTS

03. GUARANTEES RECEIVED UNDER WARRANTY (+)

030. AVALES RECEIVED (+)

035. AVALISTS (+)

04. GUARANTEES GRANTED UNDER GUARANTEE (+)

040. VALIDATED (+)

045. AVALES GRANTED (+)

08. APPROPRIATIONS, OUTSTANDING BALANCES (+)

080. APPROPRIATIONS, OUTSTANDING BALANCES (+)

0, K. COUNTERPART OF APPROPRIATIONS, OUTSTANDING BALANCES (+)

SECOND PART

ACCOUNTING DEFINITIONS AND RELATIONSHIPS

CONTAINS ONLY THE ACCOUNTING DEFINITIONS AND RELATIONSHIPS OF THE SPECIFIC ACCOUNTS ENTERED IN THE FIRST PART OF THESE ADAPTATION RULES

THE DEFINITIONS AND ACCOUNTING RELATIONSHIPS OF THE OTHER ACCOUNTS ARE AS SET OUT IN THAT TEXT, EXCEPT FOR THE ITEMS THAT ARE LOGICALLY MODIFIED AS A RESULT OF THE FOLLOWING REASONS FOR CHARGE AND CREDIT

GROUP 1

INCLUDES THE RESOURCES OBTAINED BY THE COMPANY, WHICH ARE GENERALLY INTENDED TO FINANCE THE PERMANENT ASSET AND TO COVER A REASONABLE MARGIN OF CIRCULATION. THE CONTENTS OF THIS GROUP ARE DEFINED BY THE RESOURCE DESTINATION

GROUP 2

QUIESCED

ASSETS CONSTITUTING THE COMPANY ' S PERMANENT INVESTMENTS AND EXPENSES INCURRED WITH DEFERRED IMPUTATION

27. DEPRECIABLE EXPENSES

278. CHANGES IN MONETARY AND EXCHANGE RATE PARITY (+)

THIS ACCOUNT IS INTENDED TO RECORD CHANGES IN MONETARY PARITY AND SUBSTANTIAL CHANGES IN THE EXCHANGE RATE WHEN THE COMPANY OPTS FOR ITS PARTIAL OR FULL DEPRECIATION IN FUTURE YEARS. THE EXTENT TO WHICH SUCH MODIFICATIONS AND VARIATIONS HAVE TAKEN PLACE. THIS ACCOUNT SHALL ALSO BE USED IN THE CASE OF A LEGAL PROVISION WHICH ESTABLISHES THE SAME CRITERION FOR AMORTISATION OF SUCH CHANGES AND VARIATIONS

ACCOUNT 278 WILL NECESSARILY BE DEVELOPED IN THOSE OF FOUR, FIVE OR MORE FIGURES THAT ARE ACCURATE TO ACCOUNT SEPARATELY FOR THE VARIOUS MODIFICATIONS AND VARIATIONS MENTIONED (FOR EXAMPLE, THE ACCOUNT ESTABLISHED BY THE ORDER). OF THE MINISTRY OF FINANCE OF 14 JANUARY 1978), AS WELL AS THE PART THEREOF CORRESPONDING TO THE VARIOUS COMMERCIAL OR FINANCIAL BALANCES CONCERNED

TO WRITE DOWN THE BALANCE OF THIS ACCOUNT ANNUALLY, REASONABLE CRITERIA WILL APPLY. HOWEVER, THE PERIOD OF DEPRECIATION OF THE COMPONENTS OF THE SAID BALANCE MAY NOT EXCEED THE YEAR IN WHICH THE RESPECTIVE CLAIMS OR DEBTS ARE DUE

FIGURE IN BALANCE SHEET ASSET

YOUR MOVE IS AS FOLLOWS:

(A) THE AMOUNT OF THE MODIFICATIONS AND VARIATIONS THAT OCCUR AND TO WHICH THE CRITERION OF AMORTISATION IN SUBSEQUENT EXERCISES WITH CREDIT TO THE ACCOUNT 556 APPLIES

B) SHALL BE PAID FOR THE AMOUNT OF THE ANNUAL AMORTISATION CHARGED AT 687

NOTE: VIEW NOTE 2) OF THE 556 ACCOUNT

GROUP 3

STOCKS

GOODS, PRODUCTS, BY-PRODUCTS AND WASTE, RAW MATERIALS AND AUXILIARY MATERIALS, ELEMENTS AND ASSEMBLIES, OTHER MATERIALS AND PACKAGING AND PACKAGING

30. TRADE

300. CALZADOS (+)

304. SLIPPERS (+)

308. OTHER CALZADOS (+)

309. OTHER PRODUCTS (+)

GOODS ACQUIRED BY THE COMPANY AND INTENDED FOR SALE WITHOUT TRANSFORMATION

ACCOUNTS 300/309 SHALL BE INCLUDED IN THE ASSETS OF THE BALANCE SHEET; THEY SHALL ONLY WORK FOR THE PURPOSE OF THE CLOSING OF THE FINANCIAL YEAR AND, WHERE APPROPRIATE, THE DATES CHOSEN FOR THE PERIOD.

YOUR MOVE IS AS FOLLOWS:

AT THE END OF THE FINANCIAL YEAR, THE AMOUNT OF THE INITIAL STOCK INVENTORY SHALL BE PAID AT THE END OF THE YEAR AT 800, ' HOLDING, AND SHALL BE CHARGED, WITH THE ADDITION OF 800, FOR THE AMOUNT OF THE STOCK INVENTORY AT THE END OF THE YEAR. EXERCISE THAT CLOSES

IF THE GOODS ON THE WAY ARE OWNED BY THE COMPANY, ACCORDING TO THE TERMS OF THE CONTRACT, THEY WILL APPEAR AS STOCKS 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. TERMINATED PRODUCTS

310. CALZADOS (+)

314. SLIPPERS (+)

318. CALED 3TRA (+)

319. OTHER TERMINATED PRODUCTS (+)

MANUFACTURED BY THE COMPANY AND INTENDED FOR FINAL CONSUMPTION OR USE BY OTHER COMPANIES

FIGURE IN BALANCE SHEET ASSET

THE MOVEMENT OF THESE ACCOUNTS IS ANALOGOUS TO THAT NOTED FOR 300/309

32. SEMI-FINISHED PRODUCTS

320. OF CALZADOS (+)

324. OF SLIPPERS (+)

328 OTHER CALORIES (+)

329. OF OTHER PRODUCTS (+)

MANUFACTURED BY THE COMPANY AND NOT NORMALLY INTENDED FOR SALE UNTIL THEY ARE PROCESSED, INCORPORATED OR SUBSEQUENTLY PROCESSED

ACCOUNTS 320/329 SHALL BE INCLUDED IN THE BALANCE SHEET ASSET AND ITS MOVEMENT IS ANALOGOUS TO THAT INDICATED FOR 300/309

35. RAW MATERIALS AND AUXILIARIES

350. CORTE MATERIAL (+)

351. PISO (+) MATERIAL

354. FORNITURAS (+)

359. OTHER AS (+)

THOSE WHICH ARE INTENDED TO BE PART OF THE PRODUCTS MANUFACTURED OR PROCESSED

ACCOUNTS 350/359 SHALL BE INCLUDED IN THE ASSETS OF THE BALANCE SHEET AND THEIR MOVEMENT IS ANALOGOUS TO THAT INDICATED FOR 300/309

36. EMBEDDABLE ELEMENTS AND ASSEMBLIES

360. CORTES (+)

361. FLOORS, HEELS AND TEMPLATES (+)

369. OTHER EMBEDDABLE ELEMENTS AND ASSEMBLIES (+)

MANUFACTURERS NORMALLY OUTSIDE THE COMPANY AND PURCHASED BY THE COMPANY TO INCORPORATE THEM INTO PRODUCTION WITHOUT UNDERGOING TRANSFORMATION

ACCOUNTS 360/369 SHALL BE INCLUDED IN THE ASSETS OF THE BALANCE SHEET AND THEIR MOVEMENT IS ANALOGOUS TO THAT INDICATED FOR 300/309

37. MATERIALS FOR CONSUMPTION AND REPLENISHMENT

373. HORMAS (+)

374. MOULDS (+)

375. TROQULES (+)

373. HORMAS (+)

ELEMENTS USED TO ASSEMBLE AND SHAPE FOOTWEAR IN ITS MANUFACTURING PROCESS

YOUR INVENTORY OF END-OF-YEAR STOCKS SHALL BE DETERMINED ACCORDING TO THEIR POSSIBLE SUBSEQUENT USE OR ACCORDING TO THEIR RESIDUAL VALUE

374. MOULDS (+)

ELEMENTS USED TO SHAPE THE FLOORS, HEELS AND INSOLES OF THE FOOTWEAR. ALSO INCLUDED IN THIS ACCOUNT ARE THOSE USED FOR MANUFACTURING BY MOLDING

YOUR INVENTORY OF END-OF-YEAR STOCKS SHALL BE DETERMINED ACCORDING TO THEIR POSSIBLE SUBSEQUENT USE OR ACCORDING TO THEIR RESIDUAL VALUE

375. TROQULES (+)

ITEMS USED TO CUT AND CONFIGURE THE VARIOUS PIECES THAT MAKE UP THE FOOTWEAR ASSEMBLY

YOUR INVENTORY OF END-OF-YEAR STOCKS SHALL BE DETERMINED ACCORDING TO THEIR POSSIBLE SUBSEQUENT USE OR ACCORDING TO THEIR RESIDUAL VALUE

ACCOUNTS 370/379 SHALL BE INCLUDED IN THE BALANCE SHEET ASSET AND ITS MOVEMENT IS ANALOGOUS TO THAT INDICATED FOR 300/309

GROUP 4

CREDITORS AND DEBTORS FOR TRAFFIC OPERATIONS

PERSONAL ACCOUNTS AND ASSETS AND LIABILITIES THAT HAVE THEIR ORIGIN IN THE COMPANY ' S TRAFFIC

40. SUPPLIERS

404. ADVANCES FOR WORK TO BE CARRIED OUT BY THIRD PARTIES (+)

405. ADVANCES FOR WORK TO BE CARRIED OUT BY OTHER COMPANIES IN THE GROUP (+) 404. ADVANCES FOR WORK TO BE CARRIED OUT BY THIRD PARTIES (+)

DELIVERIES, TYPICALLY IN CASH, AS A BASIS FOR FUTURE WORK

FIGURE IN BALANCE SHEET ASSET

YOUR MOVE IS ANALOGOUS TO ACCOUNT 408, EXCEPT FOR THE CHARGE ACCOUNT WHICH WILL GENERALLY BE 645

405. ADVANCES FOR WORK TO BE CARRIED OUT BY OTHER COMPANIES IN THE GROUP (+)

ITS DEFINITION, BALANCE SHEET POSITION AND MOVEMENT ARE ANALOGOUS TO THOSE OF ACCOUNT 404, BUT REFERRED TO OTHER COMPANIES IN THE GROUP

41. OTHER CREDITORS

411. GROUP COMPANIES, ACCOUNT OF OTHER CREDITORS (+)

412. CREDITORS, INVOICES TO RECEIVE OR TO FORMALIZE (+)

413. REPRESENTATIVES AND COMMISSION (+)

414. ADVANCES TO REPRÉSENTAS AND COMMISSION (+)

418. ADVANCES TO OTHER CREDITORS (+)

419. ADVANCES TO GROUP COMPANIES, ACCOUNT OF OTHER CREDITORS (+)

411. GROUP COMPANIES, ACCOUNT OF OTHER CREDITORS (+)

SUPPLIERS OF GOODS AND SERVICES BELONGING TO THE GROUP THAT DO NOT HAVE THE STRICT CONDITION OF SUPPLIERS

FIGURE IN THE LIABILITY OF THE BALANCE SHEET

YOUR MOVE IS AS FOLLOWS:

(A) SHALL BE PAID FOR THE "IN CONFORMITY" RECEIPT OF THE GOODS OR SERVICES, FROM THE ACCOUNTS OF SUBGROUP 64

B) WILL BE CHARGED FOR THE TOTAL OR PARTIAL CANCELLATION OF THE COMPANY ' S DEBTS WITH THE CORRESPONDING CREDITORS, WITH CREDIT TO THE 420 "COMMERCIAL EFFECTS TO BE PAID", OR TO THE ACCOUNTS CORRESPONDING TO GROUP 5

412. CREDITORS, INVOICES TO RECEIVE OR TO FORMALIZE (+)

THEIR DEFINITION AND MOVEMENT ARE ANALOGOUS TO THOSE OF ACCOUNT 402, BUT REFERRED TO CREDITORS. FIGURE ON THE LIABILITIES SIDE OF THE BALANCE SHEET

413. REPRESENTATIVES AND COMMISSION (+)

AMOUNTS DUE FOR SERVICES PROVIDED BY INDEPENDENT MEDIATORS

FIGURE IN THE LIABILITY OF THE BALANCE SHEET

YOUR MOVE IS AS FOLLOWS:

(A) SHALL BE PAID FOR AMOUNTS ACCRUED IN ACCORDANCE WITH THE CONTRACTUAL TERMS AND CONDITIONS UNDER ACCOUNT 644 "REMUNERATION TO INDEPENDENT MEDIATORS"

B) SHALL BE CHARGED FOR THE TOTAL OR PARTIAL CANCELLATION OF THE DEBTS OWED TO THE CORRESPONDING ACCOUNTS OF GROUP 5

414. ADVANCES TO REPRESENTATIVES AND COMMISSION (+)

DELIVERIES TO FUTURE SETTLEMENTS

FIGURE IN BALANCE SHEET ASSET

YOUR MOVE IS AS FOLLOWS:

A) DELIVERIES SHALL BE CHARGED UPON PAYMENT, WITH PAYMENT TO GROUP 5 ACCOUNTS

B) SHALL BE PAID FOR THE COMPENSATION OF ADVANCES ON ACCRUALS, PAYABLE TO ACCOUNT 413

418. ADVANCES TO OTHER CREDITORS (+)

YOUR DEFINITION AND MOVEMENT ARE ANALOGOUS TO ACCOUNT 408, BUT REFERRED TO CREDITORS

FIGURE IN THE LIABILITY OF THE BALANCE SHEET

419. ADVANCES TO GROUP COMPANIES, ACCOUNT OF OTHER CREDITORS (+)

THEIR DEFINITION AND MOVEMENT ARE ANALOGOUS TO THOSE IN ACCOUNT 409, BUT REFERRED TO CREDITORS BELONGING TO THE GROUP

FIGURE IN THE LIABILITY OF THE BALANCE SHEET

44. OTHER DEBTORS

441. GROUP COMPANIES, ACCOUNT OF OTHER DEBTORS (+)

BUYERS OF GOODS AND SERVICES BELONGING TO THE GROUP THAT DO NOT HAVE THE STRICT CUSTOMER CONDITION

FIGURE IN BALANCE SHEET ASSET

YOUR MOVE IS AS FOLLOWS:

(A) TO BE CHARGED FOR THE SUPPLY OF GOODS OR FOR THE PROVISION OF SERVICES, WITH CREDIT TO THE ACCOUNTS OF SUBGROUP 75 OR OTHER GROUP 7 ACCOUNTS

B) SHALL BE PAID FOR THE FULL OR PARTIAL CANCELLATION OF DEBTORS ' DEBTS, WITH A CHARGE OF 450 "COMMERCIAL EFFECTS RECEIVABLE" OR GROUP 5 ACCOUNTS, AS APPLICABLE

46. PERSONAL

464. ADVANCES FOR EXPENDITURE TO BE JUSTIFIED (+)

QUANTITIES DELIVERED TO THE COMPANY ' S STAFF FOR SUBSEQUENT JUSTIFICATION EXPENSE

FIGURE IN BALANCE SHEET ASSET

YOUR MOVE IS AS FOLLOWS:

A) DELIVERY WILL BE CHARGED, WITH SUBSCRIPTION TO SUB-GROUP

B) PAYMENT SHALL BE MADE ON THE BASIS OF GROUP 6 ACCOUNTS WHICH CORRESPOND, AND IN THE CASE OF EXCESS, TO SUB-GROUP 57 ' S ACCOUNTS

GROUP 5

FINANCIAL ACCOUNTS

SHORT-TERM CREDITORS AND DEBTORS FOR OPERATIONS OTHER THAN TRAFFIC AND LIQUID MEDIA AVAILABLE

50. SHORT TERM LOANS, EXPORT CREDIT (+)

THOSE OBTAINED WITHIN A PERIOD OF LESS THAN 18 MONTHS BY THE CONCEPT OF EXPORT CREDIT

FIGURE IN THE LIABILITY OF THE BALANCE SHEET

YOUR MOVE IS AS FOLLOWS:

A) SHALL BE PAID TO THE FORMALISATION OF THE LOAN, FOR THE AMOUNT OF THE LOAN, FROM THE ACCOUNTS OF SUBGROUP 57

B) WILL BE LOADED:

B1) BY THE TOTAL OR PARTIAL REFUND ON MATURITY, EQUALLY WITH CREDIT TO SUB-GROUP 57

S

B2) BY NOVATION, WITH CREDIT TO ITS OWN 502

53. TEMPORARY FINANCIAL INVESTMENTS

536. IMPOSITIONS AFFECTED BY ONGOING RISKS (+)

FAVORABLE BALANCES IN BANKS AND CREDIT INSTITUTIONS, FORMALIZED BY MEANS OF TERM ACCOUNTS OR SAVINGS BOOKS, AFFECTED BY ONGOING RISKS

YOUR POSITION IN THE BALANCE AND MOVEMENT IS ANALOGOUS TO THAT OF ACCOUNT 535

55. OTHER NON-BANK ACCOUNTS

556. DIFFERENCES IN VALUATION IN FOREIGN CURRENCY (+)

THIS ACCOUNT IS INTENDED TO RECORD THE NEGATIVE DIFFERENCES THAT OCCUR PURSUANT TO PARAGRAPHS 1) AND 3) OF PARAGRAPH 2. FOREIGN CURRENCY, OF THE VALUE CRITERIA CONTAINED IN THE FOURTH PART OF THESE ADAPTATION RULES

WILL GENERALLY BE CHARGED FOR THE AMOUNT OF NEGATIVE DIFFERENCES INDICATED AT THE TIME THEY OCCUR AND WILL BE PAID AT THE END OF THE FINANCIAL YEAR:

(A) BY THE PART THAT THE COMPANY REASONABLY CONSIDERS TO BE ATTRIBUTABLE TO THE SAME FINANCIAL YEAR IN WHICH THE SAID DIFFERENCES OCCURRED, WITH ACCOUNT 628

B) FOR THE REMAINING OUTSTANDING BALANCE WHEN THE COMPANY OPTS FOR ITS REPAYMENT IN SUBSEQUENT YEARS, WITH ACCOUNT 278

NORMALLY ACCOUNT 556 WILL NOT APPEAR ON THE BALANCE SHEET

NOTES:

1. IF, AT THE TIME OF THE NEGATIVE DIFFERENCES THAT HAVE OCCURRED, THE COMPANY DECIDES TO WRITE OFF THE SAME OR PARTIAL AMOUNTS IN SUBSEQUENT YEARS, ACCOUNT SHALL NOT BE REQUIRED TO BE OPENED 556. IN SUCH A CASE, THE ACCOUNTS SHALL BE DIRECTLY USED 278 AND 628

2. IN THE CASE OF POSITIVE DIFFERENCES FOR THE SAME REASON AS INDICATED IN THE PREVIOUS ACCOUNT, THE 557 "FOREIGN CURRENCY VALUATION DIFFERENCES" SHALL BE OPENED. IN SUCH A CASE, AND IN ORDER TO ESTABLISH THE NECESSARY DISTINCTION, THE TERMS SHALL BE ADDED "NEGATIVE" AT 556 AND "POSITIVE" AT 557

THE INITIAL MOVEMENT OF ACCOUNT 557 IS INVERSE TO THAT OF 556, AS IT RESENDS THE DIFFERENT CONTENT OF BOTH

THE COMPANY MAY CHOOSE TO RETAIN THE BALANCE OF ACCOUNT 557 TO THE MATURITY OF THE DEBITS AND CREDITS TO WHICH IT CORRESPONDS

GROUP 6

SUPPLIES IN GOODS AND OTHER GOODS ACQUIRED BY THE COMPANY TO RESELL THEM, EITHER WITHOUT ALTERING THEIR FORM OR SUBSTANCE, OR SUBJECT TO INDUSTRIAL PROCESSES OF ADAPTATION, TRANSFORMATION OR CONSTRUCTION; ALSO, CLASSIFIED AS CLASSIFIED BY NATURE, OTHER EXPENDITURE CONSIDERED AS OPERATING

61. PERSONNEL COSTS

612. SALES COMMISSIONS (+)

AMOUNTS SATISFIED TO THE COMPANY ' S STAFF FOR THAT CONCEPT

WILL BE CHARGED FOR THE AMOUNT SATISFIED WITH CREDIT TO THE ACCOUNTS OF SUBGROUP 57, OR TO 465. PAYMENTS TO BE PAID, DUE TO THE AMOUNTS ACCRUED BY THE STAFF AND UNPAID, AND 47, FOR THE RETENTION OF CORRESPONDING TAXES

62. FINANCIAL EXPENSES

625. COSTS OF CHARGES TO DEBTORS (+)

628. NEGATIVE DIFFERENCES IN FOREIGN CURRENCY (+)

625. COSTS OF CHARGES TO DEBTORS (+)

EXPENSES INCURRED BY THE COLLECTION SERVICE TO DEBTORS, SUCH AS: TIMBRES, EFFECTS, COMMISSIONS, DISCOUNTS, PROTEST AND HANGOVER EXPENSES, ETC.

CHARGE FOR THE AMOUNT OF THE EXPENSES, WITH CREDIT TO THE ACCOUNTS OF THE GROUPS 4 OR 5 THAT CORRESPOND

628. NEGATIVE DIFFERENCES IN FOREIGN CURRENCY (+)

THE CONTENT OF THIS ACCOUNT AND ITS MOVEMENT ARE PARTIALLY INDICATED IN 556

IN ADDITION, ACCOUNT 628 WILL BE CHARGED IN THE CASES PROVIDED FOR IN PARAGRAPH 2 (2), FOREIGN CURRENCY, OF THE VALUE CRITERIA CONTAINED IN THE IV PART OF THESE ADAPTATION RULES

64. EXTERNAL WORK, SUPPLIES AND SERVICES

645. WORK DONE BY THIRD PARTIES (+)

AMOUNT OF WORK THAT, AS PART OF THE PRODUCTION PROCESS ITSELF, IS ENTRUSTED TO THIRD PARTIES OR THIRD PARTIES IN GENERAL

67. PROSPECTING, DEVELOPMENT AND PROMOTION (+) EXPENSES

670. ATTENDANCE AT FAIRS AND EXHIBITIONS (+)

671. MODELS AND MODELS (+)

672. DOCUMENTATION AND TECHNICAL STUDIES (+)

673. ADVERTISING AND PROPAGANDA (+)

674. MODELERS (+)

675. ITEMS FOR SAMPLING (+)

679 .....

670/679. EXPENSES OF ...

EXPENSES CORRESPONDING TO THE CONCEPTS REFERRED TO IN THE RESPECTIVE ACCOUNTS

TO BE CHARGED FOR THE AMOUNT OF THE EXPENDITURE, WITH CREDIT TO THE SUB-GROUPS 40, 41 OR 57

GROUP 7

SALES AND REVENUE BY NATURE

DISPOSAL OF GOODS AND THE PROVISION OF SERVICES WHICH ARE THE SUBJECT OF THE UNDERTAKING ' S TRAFFIC; IT ALSO INCLUDES, BY NATURE, OTHER INCOME REGARDED AS OPERATING INCOME

70 SALES OF GOODS AND FINISHED PRODUCTS (OR SERVICE DELIVERY INCOME, BY WORK DONE, ETC.)

700. SALE OF FOOTWEAR (+)

701. SALE OF SLIPPERS (+)

702. SALE OF OTHER FOOTWEAR (+)

703. SALE OF OTHER PRODUCTS (+)

707. SPECIAL BONUSES (+)

700/703. SALES ... (+)

TRANSACTIONS, WITH DEPARTURE OR DELIVERY OF THE GOODS THAT ARE THE OBJECT OF THE COMPANY ' S TRAFFIC, BY PRICE

SUBGROUP 70 ACCOUNTS WILL BE ADAPTED BY THE COMPANIES TO THE CHARACTERISTICS OF THE OPERATIONS THEY PERFORM, WITH THE SPECIFIC DENOMINATION THAT CORRESPONDS TO THEM (SALES OF GOODS, SALES OF FINISHED PRODUCTS, INCOME FOR THE PROVISION OF SERVICES, ETC.)

THE MOVEMENT OF ACCOUNTS 700/703 IS AS FOLLOWS:

(A) TO BE PAID FOR THE AMOUNT OF THE SALES, FROM SUB-GROUPS 43 AND 57

B) SHALL BE CHARGED, WITH PAYMENT OF 800, OPERATING, FOR THE BALANCE AT THE END OF THE FINANCIAL YEAR

NOTE: IN GENERAL, ALL ACCOUNTS IN GROUP 7 ARE CHARGED AT THE END OF THE FINANCIAL YEAR, WITH CREDIT TO THE ACCOUNT 800, EXPLOITATION; THEREFORE, WHEN EXPOSING THE GAME OF THE SUCCESSIVE GROUP, ONLY REFERENCE WILL BE MADE TO THE CREDIT. THE EXCEPTIONS SHALL INCLUDE THE REASONS FOR THE CHARGE AND THE COUNTERPART ACCOUNTS

THE FOLLOWING RULES SHALL BE PRESENT IN THE SEATS OF ACCOUNTS 700/703:

FIRST.-THE CORPORATE TRAFFIC TAX (OR, WHERE APPLICABLE, THE LUXURY TAX) THAT TAXES THE SALES OPERATIONS OR THEIR LIKE, WILL BE PAID DIRECTLY TO THE 475 ACCOUNT

SECOND. DISCOUNTS, BONUSES AND DISCOUNTS ON THE INVOICE ITSELF WILL BE CONSIDERED AS THE SMALLEST AMOUNT OF THE SALE

THIS CRITERION WILL ALSO APPLY TO REBATES MADE AFTER THE INVOICE IS SENT, ORIGINATED BY DEFAULT OF QUALITY, NON-COMPLIANCE WITH THE DELIVERY TIMES OR OTHER CAUSES ANALOGOUS TO THOSE MENTIONED

THIRD.-THE FEES, BONUSES AND REBATES THE COMPANY GRANTS FOR EARLY PAYMENT AND OFF-BILL ARE CONSIDERED FINANCIAL EXPENSES, ACCOUNTING FOR 626, DISCOUNTS ON SALES FOR EARLY PAYMENT

FOURTH. THE DISCOUNTS, BONUSES AND REBATES GRANTED, NOT INCLUDED IN THE SECOND AND THIRD RULES, AND IN PARTICULAR WHEN THEY ARE BASED ON HAVING REACHED A CERTAIN VOLUME OF ORDERS, WILL BE INCLUDED IN ACCOUNT 709, "RAPPELS" ON SALES

707. SPECIAL BONUSES (+)

BONUSES GRANTED AFTER THE ISSUANCE OF THE INVOICE FOR PRODUCT QUALITY DEFICIENCIES, OUT-OF-TIME DELIVERIES AND OTHER SIMILAR CAUSES

YOUR MOVE IS AS FOLLOWS:

(A) TO BE CHARGED FOR THE AMOUNT OF THE ALLOWANCE GRANTED, WITH CREDIT TO THE ACCOUNTS OF SUBGROUPS 43 AND 57

B) SHALL BE PAID, UNDER ACCOUNT 800, OPERATING, FOR THE BALANCE AT THE END OF THE FINANCIAL YEAR

73. ANCILLARY REVENUE FROM THE HOLDING

733. TAX RELIEF FOR EXPORT (+)

REVENUE FROM SUCH A CONCEPT, CORRESPONDING TO EXPORTS MADE

SHALL BE PAID FOR THE AMOUNT OF ACCRUALS FROM THE 470 ACCOUNT OR TO THE ACCOUNTS OF SUBGROUP 57, AS APPROPRIATE

74. FINANCIAL REVENUE

748. POSITIVE DIFFERENCES IN FOREIGN CURRENCY (+)

THEIR CONTENT AND MOVEMENT ARE PARTIALLY INDICATED IN NOTE 2) OF THE 556 account

IN ADDITION, ACCOUNT 748 SHALL BE PAID IN THE CASES PROVIDED FOR IN PARAGRAPH 2 (2), FOREIGN CURRENCY, OF THE VALUATION CRITERIA CONTAINED IN PART IV OF THESE ADAPTATION RULES

77. STOCKS INCORPORATED IN FIXED ASSETS

770. EMBEDDED IN FIXED ASSETS (+)

771. MOULDS INCORPORATED INTO FIXED ASSETS (+)

772. FIXED ASSETS FOR FIXED ASSETS (+)

779 ....

770/779 ...

PROVIDE FOR HOURS, MOULDS AND DIES THAT AT THE TIME OF ACQUISITION OR LATER THE COMPANY DECIDES TO BE INCLUDED IN GROUP 2 FOR THE PERFORMANCE OF THE FEATURES OF THE FIXED ASSETS

THE MOVEMENT OF ACCOUNTS 770/779 HAS BEEN EXPLAINED IN SECTION 5 OF THE INTRODUCTION

GROUP 0

ORDER AND SPECIAL ACCOUNTS

INCLUDE, AS INDICATED IN THE TITLE, THE ORDER AND THE SPECIAL ONES; THE LATTER ARE INTENDED TO ACCOUNT FOR CERTAIN FACTS, SITUATIONS OR CIRCUMSTANCES THAT DO NOT ALTER THE ACCOUNTING EXPRESSION OF THE COMPANY ' S ASSETS, OR MODIFY THE FINANCIAL SITUATION OF

THE SAME

GIVEN, AS AN INDICATION, SECURITIES RECEIVED OR DELIVERED UNDER WARRANTY, EFFECTS ON MANAGEMENT OF RECOVERY, GUARANTEES RECEIVED OR GRANTED, GOODS IN DEPOSIT OR IGNORED, SECURITIES IN GUARANTEE OF BANK LOANS, LOANS AND OPTIONS OF ANY KIND OBTAINED OR GRANTED, DEPOSIT OF SECURITIES, "RISK" FOR DISCOUNT OF COMMERCIAL EFFECTS, ETC

03. GUARANTEES RECEIVED UNDER WARRANTY (+)

035. AVALISTS (+)

030. AVALES RECEIVED (+)

RECEIVED AS A GUARANTEE OF COMPLIANCE WITH AN OBLIGATION

YOUR MOVE IS ANALOGOUS TO THAT OF ACCOUNTS 000 /00I

035. AVALISTS (+)

030 COUNTERPART

YOUR MOVE IS ANALOGOUS TO THAT OF ACCOUNTS 005/007

04. VALIDATED (+)

GUARANTEES GIVEN BY THE COMPANY AND BACKED BY THE DELIVERY OF ENDORSEMENTS

YOUR MOVE IS ANALOGOUS TO THAT OF ACCOUNTS 010/011

045. AVALES GRANTED (+)

040 COUNTERPART

YOUR MOVE IS ANALOGOUS TO THAT OF ACCOUNTS 015/016

08. APPROPRIATIONS, OUTSTANDING BALANCES (+)

080. APPROPRIATIONS, OUTSTANDING BALANCES (+)

085. COUNTERPART OF APPROPRIATIONS, OUTSTANDING BALANCES (+)

REFLECT THE AMOUNT OF CREDITS GRANTED TO THE COMPANY AND OUTSTANDING BY THIS COMPANY

NOTE: THE OTHER CONCEPTS THAT ARE OR MAY BE INCLUDED IN THE DEFINITION OF GROUP 0 SHALL BE RECORDED, IF THE COMPANY SO WISHES, WITH THE SYSTEMATIC FOLLOWED FOR THE PRECEDING SUBGROUPS

THIRD PART

ANNUAL ACCOUNTS

INSTRUCTIONS FOR DRAWING UP THE BALANCE SHEET

I. THE ANNUAL ACCOUNTS COMPRISE: THE BALANCE SHEET AND ITS ANNEX; THE OPERATING STATEMENTS, OUTSTANDING RESULTS, RESULTS OF THE SECURITIES AND LOSS AND PROFIT PORTFOLIO, AND THE FINANCING TABLE

II. ALL DOCUMENTS REFERRED TO SHALL CONFORM TO THE MODELS INCORPORATED IN THESE ADAPTATION RULES

III. WHERE, IN COMPLIANCE WITH THE PROVISIONS LAID DOWN IN LEGAL PROVISIONS OF A FISCAL NATURE, UNDERTAKINGS ARE OBLIGED TO INCLUDE IN THEIR BALANCE SHEET CERTAIN ACCOUNTS WHICH ARE REPRESENTATIVE OF SPECIFIC SITUATIONS, THEY SHALL APPLY THE CRITERION AS SOON AS POSSIBLE. CONTENT ON THIS PARTICULAR SUBJECT IN THE INTRODUCTION OF THE PRESENT ADAPTATION RULES

IN ANY CASE, THE COMPANIES SHALL SET OUT IN THE ANNEX A SUMMARY REPORT ON ANY TAX BENEFITS WHICH THEY HAVE ENJOYED IN THE FINANCIAL YEAR AND THEIR MOTIVATIONS.

IV. THE SAME CRITERION SHALL BE OBSERVED WHERE THE OBLIGATION TO INCLUDE A PARTICULAR ACCOUNT IN THE BALANCE SHEET IS IMPOSED BY ANOTHER LEGAL PROVISION, EVEN IF IT DOES NOT REGULATE TAX MATTERS

V. THE BALANCE SHEET AND THE ACCOMPANYING DOCUMENTS SHALL BE DISCUSSED IN A SUCCINCTLY MANNER IN THE ANNEX IN ORDER TO FACILITATE THEIR CORRECT INTERPRETATION IN SUCH A WAY AS TO ENABLE THE TRUE IMAGE OF THE ASSETS, FINANCIAL SITUATION AND RESULTS OF THE FINANCIAL SITUATION TO BE OBTAINED. THE COMPANY

VI. THE FOLLOWING INFORMATION SHALL NECESSARILY BE INCLUDED IN THE ANNEX TO THE FOLLOWING INFORMATION, IF THE ASSUMPTIONS TO WHICH IT RELATES ARE PRODUCED DURING THE FINANCIAL YEAR:

(A) IF A CAPITAL INCREASE IS IN PROGRESS ON THE DAY OF THE END OF THE FINANCIAL YEAR, IT SHALL BE EXPRESSLY STATED, INDICATING THE NUMBER OF SHARES TO BE ISSUED, THE NOMINAL VALUE, THE PREMIUM, IF REQUIRED, AND THE TIME ALLOWED FOR THE Subscription

B) A BRIEF EXPLANATION OF THE RULES ADOPTED-ACCORDING TO CRITERIA SET OUT IN THE FOURTH PART OF THE PLAN-WILL BE INCLUDED FOR THE ASSESSMENT OF THE VARIOUS BALANCE SHEET ITEMS, AND IF THEY WERE NOT THE SAME, THEY SHALL APPLY IN THE PRECEDING PERIOD, THE GROUNDS FOR SUCH AMENDMENT SHALL BE FULLY REASONED.

(C) IF ASSET GAINS ARE ACCOUNTED FOR IN THE FINANCIAL YEAR, THE ACCOUNTS TO WHICH THEY HAVE BEEN AFFECTED SHALL BE INDICATED, THE RESPECTIVE AMOUNTS AND THE REASONS FOR THE OPERATION

(D) IF THE COMPANY DIRECTLY PARTICIPATES, BY ANY TITLE, IN THE CAPITAL OF OTHER UNDERTAKINGS IN A PERCENTAGE EQUAL TO OR GREATER THAN 25 PER 100 OF THE CAPITAL OF EACH OF THEM, IT SHALL INCLUDE A RELATIONSHIP OF THE SAME, INDICATING THEIR ADDRESSES, ACTIVITIES EXERCISING, CAPITAL, THE RESPECTIVE PERCENTAGES OF PARTICIPATION AND THE THEORETICAL VALUE OF THE SHARES RESULTING FROM THE LAST BALANCE SHEET WHICH THE ISSUING COMPANY HAS APPROVED BY ITS COMPETENT BODY

VII. IN PARTICULAR, THE FOLLOWING INFORMATION SHALL BE INCLUDED IN THE ANNEX CONCERNING THE ACCOUNTS WHICH ARE EXPRESSED, PROVIDED THAT THEY ARE SHOWN ON THE BALANCE SHEET:

100. SOCIAL CAPITAL. -DEALING WITH PUBLIC LIMITED COMPANIES OR COMANDITARIAS BY SHARES, NUMBER AND AMOUNT OF DIFFERENT CLASSES OF SHARES: ORDINARY, PREFERRED, WITH RETRACTING RIGHTS. DETAILING THE STRUCTURE OF CAPITAL IN COLLECTIVE AND COMMERCIAL COMPANIES

113. LEGAL RESERVES. -AMOUNT OF THE CONSTITUTED IN COMPLIANCE WITH THE PROVISIONS OF ARTICLE 106 OF THE LAW ON PUBLIC LIMITED LIABILITY COMPANIES ... PESETAS

131 AND FOLLOWING. NEGATIVE RESULTS FROM PREVIOUS YEARS:

YEAR ... PESETAS

YEAR ... PESETAS

TOTAL EQUAL BALANCE ...

150, 151, 152, 153. BONDS AND BONDS IN CIRCULATION-DETAILS BY REASON OF THE NATURE OF THE BORROWINGS:

(OMITTED BOXES)

NOTES

1. THE FINANCING TABLE IS PRESENTED IN TERMS OF FLOW. IT CONSISTS OF THREE INTERDEPENDENT PARTIES. THE FIRST COMPRISES THE APPLICATIONS AND PERMANENT INVESTMENTS OF THE RESOURCES; THE SECOND, THE PERMANENT RESOURCES OBTAINED, AND THE THIRD, THE ACTIVE AND PASSIVE VARIATIONS OF THE CIRCULATING

2. THE STRUCTURE OF THE FINANCING TABLE IS PERFECTLY ADJUSTED TO THE TABLE OF ACCOUNTS. THE FIRST IS ONLY THE SUB-GROUPS (TWO FIGURES); THIS IS BECAUSE THE INFORMATION PROVIDED BY THEM IS SUFFICIENT FOR THE FINANCIAL ANALYSIS. HOWEVER, A DEROGATION MAY BE PROVIDED. THIS IS THE SPECIAL CASE OF SUBGROUP 19. WHERE FLOWS CORRESPONDING TO TRANSITIONAL FINANCING SITUATIONS HAVE OCCURRED, SUB-GROUP 19 SHALL BE DEVELOPED IN THE SPECIFIC ACCOUNTS RELATING TO THOSE FLOWS (190 TO 196)

3. WHEN YOU CONSIDER IT APPROPRIATE WITH A VIEW TO IMPROVING INFORMATION, COMPANIES ARE ENTITLED TO DEVELOP ALL SUB-GROUPS, ADJUSTING TO THE STRUCTURE OF THE TABLE OF ACCOUNTS

4. IN THE CASES OF MERGER OF COMPANIES AND NON-CASH CONTRIBUTIONS, ONE MORE COLUMN WILL BE ENABLED IN THE FINANCING TABLE. IN THIS COLUMN, THE FLOWS PRODUCED BY THE MERGER OPERATION AND BY NON-CASH CONTRIBUTIONS SHALL BE INCLUDED WITH THE SUB-GROUPS OF THE LINES.

FOURTH PART

VALUATION CRITERIA

(THIS PART INCLUDES ONLY THOSE SPECIFIC TO THESE ADAPTATION RULES)

IN GENERAL, THE VALUATION PRINCIPLES AND THE VALUE CRITERIA APPLICABLE TO THE DIFFERENT CLASSES OF GOODS SHALL BE THOSE SET OUT IN THE GENERAL ACCOUNTING PLAN

IN PARTICULAR THE FOLLOWING RULES WILL BE TAKEN INTO ACCOUNT:

1. REDEMPTIONS

IN ORDER TO PRACTICE THE DEPRECIATION OF TANGIBLE FIXED ASSETS, ACCOUNT SHALL BE TAKEN OF THE RULES OF THE GENERAL ACCOUNTING PLAN ADAPTED TO THE SPECIFIC CHARACTERISTICS OF THE GOODS IN QUESTION, AS AN INDICATION, HAS SET OUT IN PARAGRAPH 4 OF THE INTRODUCTION

2. FOREIGN CURRENCY

1) FOREIGN CURRENCY DEBTS IN FAVOUR OF THIRD PARTIES SHOULD BE VALUED AT THE EXCHANGE RATE PREVAILING ON THE MARKET AT THE TIME THE CONTRACT IS PERFECTED. IF THE MONETARY PARITY IS ALTERED, THE VALUE OF THE DEBT IN PESETAS SHALL BE CALCULATED AT THE END OF THE YEAR IN WHICH THE CHANGE OCCURRED, APPLYING THE NEW CHANGE RESULTING THEREFROM. IN THE SAME WAY IT WILL PROCEED IN THE CASE OF SUBSTANTIAL VARIATIONS IN THE EXCHANGE RATE

(2) HOWEVER, ANY POSITIVE OR NEGATIVE DIFFERENCES WHICH MAY ARISE FOR REASONS ONLY OF CHANGES IN THE MARKET PRICE, WHERE THEY ARE NOT REASONABLY TO BE CONSIDERED AS SUBSTANTIAL BY THEIR VALUE BE TAKEN INTO ACCOUNT EITHER AT THE END OF EACH FINANCIAL YEAR OR WHEN THE DEBT IS CANCELLED

3) THE SAME RULES SHALL APPLY WITH RESPECT TO CLAIMS WITH THIRD PARTIES RECEIVABLE IN FOREIGN CURRENCY

4) THE FOREIGN CURRENCY THAT THE COMPANY MAY HAVE, IN ACCORDANCE WITH THE CURRENT LEGISLATION, WILL BE VALUED AT THE PURCHASE PRICE OR ACCORDING TO THE MARKET PRICE, IF IT WILL RESULT IN A LOWER AMOUNT