Advanced Search

Royal Decree 1491 / 2011, On 24 October, Laying Down The Rules Of Adaptation Of The General Accounting Plan To Non-Profit Entities And Model Plan Of Action Of Non-Profit Entities.

Original Language Title: Real Decreto 1491/2011, de 24 de octubre, por el que se aprueban las normas de adaptación del Plan General de Contabilidad a las entidades sin fines lucrativos y el modelo de plan de actuación de las entidades sin fines lucrativos.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

TEXT

I

Following the approval of the General Accounting Plan by Royal Decree 1514/2007 of 16 November and the General Plan of Accounting for Small and Medium-sized Enterprises (SMBs) by Royal Decree 1515/2007 of the same date, the non-profit entities have been able to continue to apply the adaptation approved by Royal Decree 776/1998 of 30 April 1998. However, in practice, these entities have been affected by the new contents of the General Accounting Plan or, where appropriate, of the General Plan of Accounting for Small and Medium-sized Enterprises (SMEs), in so far as they agree with their In the light of the above, all those aspects of the adaptation which were opposed to those texts had been repealed.

On the other hand, the third final provision of Law 50/2002, of 26 December, of Foundations, states that it is up to the Government to update the rules for adapting the General Accounting Plan to the non-profit-making entities.

In the exercise of this rating, and taking into account the special characteristics and nature of the activity and the operations carried out by the non-profit entities, it was established within the Institute of Accounting and Audit of Accounts, by Resolution of 18 November 2010, a working group to adapt the 1998 rules to the new financial reporting framework and to facilitate the implementation of the reform in these entities accounting officer undertaken in Spain in 2007.

The rules of adaptation that are now approved, as a result of the group's reflections, are generally applicable to non-profit-making entities, although the obligation of such entities will be imposed by the specific provisions to be made to this effect. Thus, Article 3 provides for its compulsory application to the foundations of State competition in accordance with Article 25 of Law 50/2002 of 26 December of Foundations and the associations declared to be of public interest to the establish the obligation under Article 5 of Royal Decree 1740/2003 of 19 December on procedures relating to public utility associations, without prejudice to the possibility of other provisions establishing their compulsory application to different non-profit-making entities.

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, and therefore an "à la carte" application of these provisions would be discouraged.

II

In the wake of the aforementioned accounting reform, the doctrine of the Accounting and Audit Institute has come to clarify in the first years of the General Accounting Plan, the application to the entities Profits from the internal dual model of annual accounts regulated for business. In this context, when the working party started its work, it was considered that the most appropriate thing was not to depart from the above model, without prejudice, of course, to introduce the necessary developments and clarifications in the light of the singular nature of the activity developed by these entities.

According to this decision, the royal decree reproduces in the operative part much of the regulation contained in Royal Decree 1515/2007, of 16 November, for which the General Plan of Accounting of Small and Medium-sized enterprises and the specific criteria of micro-enterprises, setting out the accounting model described below.

The state competition foundations and the public utility associations are obliged to apply the five parts of the adaptation rules, albeit, as is the case with the General Plan of Accounting, the fourth and fifth part referred to in the table of accounts and the accounting definitions and relationships, respectively, shall be binding only to the extent that they include criteria for registration and valuation.

The first part, the Conceptual Framework of Accounting, collects the documents that make up the annual accounts as well as the requirements, principles and accounting criteria for recognition and assessment, which must lead to the annual accounts show the true image of the equity, the financial situation and the results of the entity.

Following the model of the General Accounting Plan, in this part, the elements that make up the annual accounts and the criteria for recognition and valuation are also defined, depending on the unique nature of the assets For the purposes of non-profit-making purposes, the reference to the achievement of economic benefits or returns is to be replaced by the generation of profitable returns in their future activity. this requirement in cases where the right or right incorporates a potential of service for the users or beneficiaries of the entity, even if it does not generate cash flows.

In Part Two, Registration and Valuation Rules, it has been considered appropriate to deal exclusively with economic operations or facts which required a particular criterion based on the special nature of its assets. cash flow generators, or of the convenience of clarifying the accounting treatment of situations that are most frequently presented in non-profit-making entities.

In other words, although by means of the economy of the media are not collected here in an express way, these entities will have to apply the rules of registration and valuation in the second part of the General Accounting Plan. In particular, the general provisions on tangible fixed assets shall apply to them, except in the case of the regulation approved for non-cash-flow-generating assets, intangible assets, investments and investments. real estate, leases and transactions of a similar nature, financial assets and liabilities, stocks, foreign currency, value added tax, corporation tax, provisions and contingencies, liabilities for long-term remuneration Time with staff, business combinations, joint ventures, operations between entities in the group, changes in accounting criteria, errors and accounting estimates and events after the end of the financial year.

Without prejudice to the foregoing, state competition foundations and public utility associations which comply with the requirements laid down in Articles 6 and 8 of the royal decree may, in relation to these general provisions, for applying the rules of registration and valuation included in the second part of the General Plan for the Accounting of SMEs and the specific criteria for micro-entities covered by Article 8 itself, but the limits on which the scope of application of the latter is constructed, have been established considering the definition of microentity used in the substantive rule.

In this respect, it is recalled that for the state competition foundations and the associations declared to be of public utility those limits have been laid down in Article 25.4 of Law 50/2002 of 26 December, and in the Additional provision of the Regulation of the National Register of Associations and its relations with the other registers of associations, approved by Royal Decree 1497/2003 of 28 November respectively, at the following thresholds: total of the assets of the asset less than EUR 150 000, the amount of the annual revenue per the own activity, plus, where applicable, that of the annual turnover of its business, less than EUR 150 000, and the average number of employees employed during the financial year is not more than five.

Secondly, in order to facilitate the application of the accounting standard, the ratio of simplified criteria applicable to micro-entities is extended in the following cases: loans granted and received at interest rates zero or below market interest and multi-year aid.

The dual model is complemented by the third, fourth, fifth and sixth additional provisions that regulate the criteria to be followed in the cases of abandonment or incorporation into the different legal frameworks of information financial.

Law 50/2002, of December 26, of Foundations and the Organic Law 1/2002, of March 22, regulatory of the Law of Association have the documents that integrate the annual accounts of these entities are the Balance, the Account Results and Memory. In order to provide content to the above documents, the majority of the members of the working group felt that, in order to comply with the objective of the faithful image, the content of the results account of the current adaptation had to be replaced. by a state showing increases and decreases in net worth originating in the financial year, as an expression of the total income of the institution, by difference between the contributions and decreases in the fund or the social fund; and the revenue and expenditure of the accounts as part of the surplus for the financial year and those directly included in the net worth pending their subsequent reclassification to the surplus. Complete the total result of the adjustments that need to be counted in the reserves that are the result of the errors and changes of criteria.

Considering the relevance of this change, compared to the model applicable by the companies, in establishing the different margins that make up the said result, a special caution has been observed for to identify under the heading of 'Surplus' to which it appeared as a balance of the profit and loss account of the models approved in 1998, to the effect that this magnitude of singular legal relevance, such as the core of the (i) the taxation of non-exempt income or of regulation on the destination of income and income; taking as a reference for the tax and substantive rules, thus ensuring that the step forward that the aforementioned account implies in the achievement of a more relevant information does not detract from the usefulness that the said purpose provided accounting of these entities to date.

Additionally, and in line with the international pronouncements on the matter, most of the group's members considered it appropriate to include in the report information on cash flows, in addition to the required one, in where appropriate, by the substantive rule on the degree of compliance with the activities envisaged by the institution at the beginning of the financial year, differentiating the resources obtained and applied in each of them, and identifying the number of beneficiaries or users and human resources used to achieve such purposes.

On the basis of this conclusion, the third part contains the drawing rules and the models of the normal, abbreviated and simplified annual accounts of non-profit-making entities, adapted to their special characteristics. In other words, in a manner consistent with the standardization technique followed in the second part, in the memory models, except for the simplified one, the information that is imposed by the specialty of the accounting subject to which they are based is exclusively regulated. These rules are addressed.

To this end, it should be noted that the entities that choose to apply the general provisions included in the second part of the SME Plan will draw up their balance sheet and results in the abbreviated models, considering the details set out in them for such an assumption, unless they in turn choose to apply the specific criteria of the micro-entities, in which case the memory shall be completed in the simplified model.

Additionally, when balance and memory can be formulated in abbreviated model, or the rules for recording and valuing the General Plan of Small and Medium Enterprises Accounting, information on flows of cash will not be mandatory.

The fourth part, Table of Accounts, includes the changes in the denomination of the subgroups and accounts that have been considered necessary in order to be able to reflect the operations contained in the second part of the adaptation, and the general provisions on registration and valuation, without trying to exhaust all the situations that may arise in reality.

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

Part Five, Definitions and Contable Relations, provides clarity and content to the fourth-party account table, including the corresponding definitions, accounting relationships and movements that will give rise to the charge and credit grounds. This fifth part should also be complemented by the general charge and credit requirements laid down in the Business Plan, and the same shall not apply, except where it refers to or contains criteria for registration and assessment, or to be used for its interpretation, without prejudice to the explanatory nature of the various items in the annual accounts.

A single transitional provision is also included for the implementation for the first time of the rules for the adaptation of the General Accounting Plan to non-profit-making entities, in order to regulate, inter alia, the reclassifications that may arise from the entry into force of the new legislation.

III

This Royal Decree also approves the format of the performance plan of the non-profit entities and the models to meet the requirements of information regarding income and income destination established by substantive regulation.

In particular, Article 26 of Royal Decree 1337/2005 of 11 November, approving the Regulation of State Competition Foundations, provides that the action plan shall contain identifying information for each Member State. one of the activities of their own and the business activities, of the estimated costs for each of them and of the revenue and other resources previewed, as well as any other indicator that allows to check in the memory the degree of realization of each activity or the extent to which the objectives are met.

That is, compared to the budget required by Law 30/1994 of 24 November, the current regulation is enacted by the action plan, of which the various Protectors have been approving their own models. In this way, and since the degree of compliance with the same information will be included in the memory of the annual accounts, indicating the resources used, its origin and the number of beneficiaries in each of the different Actions carried out (Article 25 of Law 50/2002), it has been considered appropriate to develop a general model of action plan, in order to give more homogeneity to the information provided by these entities.

In addition, in this area, the information to require non-profit entities on the destination of income and income, given the social purpose that characterizes their work, stands out in importance.

Thus, the adaptation rules of 1998 established the need to include in the memory of the annual accounts a paragraph on the application of the heritage elements to the own ends. This information included the 'income and income destination', in the form of numerical tables, and which was intended to verify compliance with the requirement laid down in Article 25 of the previous Law 30/1994 of 24 November, and today referred to in Article 27 of the current Law 50/2002 of 26 December, which consists in allocating at least 70% of the results of the economic holdings to be carried out and the revenue which it has received, are obtained by any other concept, deducted the costs incurred for obtaining it.

In practice, the elaboration of this information has caused numerous doubts to the non-profit entities, without prejudice to the progress that the regulation of this matter brought about in the Regulation of the Development of Law 50/2002. For this reason, in order to clarify the criteria to be followed in order to comply with this obligation, a number of clarifications have been included in the report clarifying the information that the income and income destination should provide entities.

IV

State competition foundations may participate in commercial companies and, as a consequence, maintain a link with these entities which will confer control on them in the terms provided for in Article 42 of the Code of Trade. In these cases, Article 25.9 of Law 50/2002 of 26 December of State competition foundations and its implementing regulation impose on these entities the obligation to consolidate, a forecast which has been collected in the Additional Disposition First of the royal decree.

Additionally, non-profit entities may establish cooperation links with other non-profit entities for the best exercise of their social purposes, in relationships other than those of property, control or common management, such as the use of a common name, sharing of policies, quality procedures, strategies or professional resources or voluntary work, both in its operational activity and in terms of its financing or investment; or information policy and account performance. These networks of entities may constitute coordination groups which are not required to consolidate, but which do not have to establish such accounts, must do so in accordance with the mandates laid down in the Rules for the Forms of Accounts. Consolidated Annual Reports approved by Royal Decree 1159/2010 of 17 September 2010.

the second provision of the royal decree maintains the accounting scheme of the sports associations declared of public utility, in the same terms as established by Royal Decree 776/1998, of April 30, although, in the current accounting model in force.

The ratings for future normative developments are incorporated in the final disposition, first collecting the competences established in the current legislation on the development of adaptation. In particular, the Institute of Accounting and Audit of Accounts should be highlighted to produce, by way of resolution, a text that recused the Accounting Plan and the Small and Medium-sized Accounting Plan. non-profit-making entities, considering the specific regulation that is now approved, with the aim of providing these accounting subjects with a single operational framework containing all the elements necessary for the registration of transactions which they may carry out, including those arising, where appropriate, from the activity of a character Commercial or profit-making.

Finally, Royal Decree 776/1998 of 30 April 1998 approving the Rules for the adaptation of the General Accounting Plan to non-profit entities and the rules on the budgetary information of these entities is hereby repealed. entities.

According to the final disposition of the royal decree, its entry into force is scheduled for the annual exercises beginning on January 1, 2012.

In its virtue, on the proposal of the Vice President of the Government of Economic Affairs and Minister of Economy and Finance, in agreement with the Council of State and after deliberation of the Council of Ministers at its meeting on October 21 of 2011,

DISPONGO:

Article 1. Approval of the rules for the adaptation of the General Accounting Plan to non-profit entities.

The rules for adapting the General Accounting Plan to non-profit entities, the text of which is inserted below, are approved as Annex I to this Royal Decree.

Article 2. Approval of the performance plan of non-profit entities.

The model of the performance plan of the non-profit entities, the text of which is inserted below, is approved as Annex II to this Royal Decree.

Article 3. Scope of the rules for the adaptation of the General Accounting Plan to non-profit entities.

1. The rules for the adaptation of the General Accounting Plan to non-profit-making entities shall be mandatory for all state competition foundations and public utility associations. In particular, they 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.

Article 4. Scope of the action plan of the non-profit entities.

The action plan of the non-profit-making entities shall be drawn up by the state competition foundations, in accordance with the model set out in Annex II.

Article 5. Application of the General Accounting Plan and the General Plan of Accounting for Small and Medium Enterprises to non-profit entities.

1. In any case not specifically modified by the adaptation rules included in Annex I, the General Accounting Plan shall apply, as provided for in Royal Decree 1514/2007 of 16 November, as well as the adjustments to the sectoral and the Resolutions of the Institute of Accounts and Audit of Accounts approved under the first and third final provisions, respectively, of the aforementioned Royal Decree.

2. Non-profit entities which, in accordance with Articles 6, 7 and 8 below, have chosen to implement the General Plan for the Accounting of Small and Medium-sized Enterprises or, where appropriate, the criteria applicable to micro-entities where they are contained, they shall apply such a plan or criteria in any case not modified by the rules set out below.

Article 6. Scope of the rules for the registration and valuation of the General Plan for Small and Medium-sized Enterprises (SMBs).

1. All non-profit-making entities, irrespective of their legal form, may be applied by the General SME Accounting Plan, for two consecutive financial years, to the closing date of each of them, at least two of the following circumstances:

(a) That the total of the assets of the asset does not exceed two million eight hundred and fifty thousand euros.

b) That the net amount of its annual volume of revenue does not exceed five million euro. For these purposes, the sum of items 1 shall be understood as a net amount of the annual volume of revenue. 'entity's income from its own activity' and, where appropriate, from the net amount of the annual turnover of the business.

c) That the average number of employees employed during the financial year is not more than fifty.

Entities will lose the ability to implement the General Plan of SME Accounting if they fail to meet, for two consecutive years, the closing date for each of them, two of the circumstances referred to in the previous paragraph.

In the economic performance of their formation or transformation, institutions may apply the General Plan of Accounting for SMEs if they meet at least two of the three circumstances expressed in this financial year at the end of that financial year. paragraph.

If the entity is part of a group of entities in the terms described in the rule of elaboration of the annual accounts 11th Group, multigroup and associated entities contained in the third part of the Adaptation included in Annex I, the above limits shall apply to the sum of the asset, the net amount of its annual volume of revenue and the average number of workers in the group of entities forming the group.

The accounting measures referred to in this paragraph shall be those arising from accounting rules that have resulted from implementation in the last financial year and in the absence thereof, those of the General Accounting Plan SMB.

The record of the operations must be conditional upon the foreseeable compliance with those requirements.

2. Under no circumstances may the General Plan for the Accounting of SMEs be applied, the entities that are in any of the following circumstances:

a) That they are part of a group of entities that they formulate or should have formulated consolidated annual accounts.

b) That your functional currency is different from the euro.

3. The option that an entity, included in the scope of the General Plan of Accounting for SMEs, should exercise to follow this Plan or the General Accounting Plan, in addition to the rules that are now approved, should be maintained on a continuous basis, at least for three years, unless the institution loses the power to implement the General Plan for the Accounting of SMEs, as set out in the previous paragraphs, before the end of that period.

Article 7. Application of the General Plan of Small and Medium Business Accounting to non-profit entities.

1. The entity that, in compliance with the requirements set out in the previous Article, opts for the implementation of the General Plan of Accounting for SMEs, shall apply it in full.

2. Where an entity applying the General Plan of SME Accounting performs an operation whose accounting treatment is not covered by that text, it shall refer to the relevant rules and paragraphs contained in the General Plan of Accounting with the exception of those relating to non-current assets and inajable groups of items held for sale, which shall in no case be applicable.

Article 8. Specific criteria for non-profit-making micro-entities.

1. The criteria set out in the following paragraphs of this Article may be applied by all entities that have chosen to apply the General Plan of SME Accounting, during two consecutive years, to the closing date of each of them, at least two of the following circumstances:

(a) That the total of the asset items does not exceed EUR 150,000.

(b) The net amount of its annual revenue volume does not exceed EUR 150 000. For these purposes, the sum of items 1 shall be understood as a net amount of the annual volume of revenue. 'entity's income from its own activity' and, where appropriate, from the net amount of the annual turnover of the business.

c) That the average number of employees employed during the financial year is not more than five.

Entities shall lose the ability to apply the specific criteria contained in this Article if they fail to meet, for two consecutive years, the closing date of each of them, two of the circumstances referred to in the preceding paragraph.

In the economic performance of their formation or transformation, institutions may apply the specific criteria contained in this Article if they meet at least two of the three circumstances at the end of that financial year. expressed in this section.

If the entity is part of a group of entities in the terms described in the rule of production of the annual accounts 11. Group entities, multigroup and associated, contained in the third part of the Adaptation included in Annex I, for the quantification of amounts, account shall be taken of the sum of the asset, the net amount of its annual volume of revenue and the average number of workers in the group of entities forming the group.

For these exclusive purposes, where the specific criteria for micro-entities are to be considered, the total assets shall be increased by the amount of outstanding financial commitments arising from the arrangements described in the First rule of paragraph 3 of this Article.

The record of the operations must be conditional upon the foreseeable compliance with those requirements.

2. The option for a micro-entity to apply or not to apply the specific criteria set out in paragraph 3 below shall be maintained on a continuous basis for at least three years, unless, prior to the course of the time limit, the institution loses the power to apply the specific criteria for micro-entities, as set out in the previous paragraph.

3. Entities that opt for the specific criteria of micro-entities shall have to do so jointly, with the following rules, in respect of the operations described below:

1. Financial lease agreements and others of a similar nature.

In the rating of a lease agreement as a financial one, the corresponding registration and valuation rule included in the second part of the General SME Accounting Plan will be available.

Tenants of financial leasing agreements or other similar nature that do not have as their object land, solar or other non-depreciable assets, shall account for the contributions due in the financial year as an expense in the results account. Where appropriate, at the time of the exercise of the purchase option, the asset shall be recorded for the purchase price of that option.

Tenants of leasing agreements or other similar nature that have as their object land, solar or other non-depreciable assets, shall apply the criteria for registration and valuation relating to the financial leases and other similar operations contained in the second part of the SME General Accounting Plan.

2. th Loans granted and received in the exercise of self-activity at zero interest rate or below market interest.

Loans granted and received in the exercise of self-activity at zero interest rate or below market interest shall be accounted for by the amount delivered or received, respectively. Where appropriate, the interests of the transaction shall be recognised, for the amount agreed, in the profit or loss account.

3. First Aid for aid granted in the exercise of its own activity.

Monetary aid granted by the institution to its beneficiaries, with short or long-term maturity, will result in the recognition of a liability for its nominal value.

If the grant of the aid is a multi-year, the liability shall also be recorded at the nominal 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.

4. Benefits Tax.

Profit tax expense shall be accounted for in the income account for the amount resulting from the tax settlements of the corporate tax on the financial year. For this purpose, at the end of the financial year, the expenditure accounted for by the amounts due shall be increased or decreased by the amount applicable, by registering the corresponding debt or credit against the Public Finance.

4. The accounts to be used for the accounting records of the operations described in paragraph 3 above shall, in general, be as follows:

a) Account 621. "Leases and royalties" provided for in Part Four of the General Small and Medium Business Accounting Plan will be broken down into the following four-figure accounts:

6210. "Leases and royalties".

6211. "Financial Leases and Others".

The movement of account 6211 is as follows:

It will be loaded:

For the amount accrued by the financial lease and other similar fees, with credit, normally, to sub-group 57 accounts.

It will be paid:

Charge to account 129.

b) The account " 447. Users, debtors " provided for in the fourth part of the rules of adaptation of the General Accounting Plan to non-profit entities.

c) The account " 412. 'Beneficiaries, creditors' and account 650. 'monetary aid' provided for in Part 4 of the rules for the adaptation of the General Accounting Plan to non-profit-making entities.

d) The account 6300. "Current tax" provided for in Part Four of the General Accounting Plan.

5. Entities applying the specific criteria set out in paragraph 3 of this Article shall include in paragraph 2.1.a) an express reference to the application of these criteria.

Additional disposition first. Consolidated annual accounts.

1. Foundations participating in commercial companies and in any of the cases provided for by the dominant company in Articles 42 and 43 of the Code of Commerce shall draw up consolidated annual accounts in the provided for in that Code and in Royal Decree 1159/2010 of 17 September 2010 approving the Rules for the Form of Consolidated Annual Accounts and amending the General Accounting Plan approved by Royal Decree 1514/2007, 16 November and the General Plan of Accounting for Small and Medium Enterprises approved by Real Decree 1515/2007 of 16 November.

2. A network of non-profit-making entities is an organised structure of non-profit-making entities, which aim at cooperation for the best exercise of their social purposes.

If a network of non-profit-making entities voluntarily produces the aggregated or combined annual accounts of the entities that make it, those accounts shall be made by the mandatory application of the Consolidated Annual Accounts approved by Royal Decree 1159/2010 of 17 September 2010.

The formulation and approval of these annual accounts and, where appropriate, the subsequent review by the competent body, shall follow the arrangements provided for in the consolidated accounts in the relevant regulatory standard of the legal system of the entity. The annual accounts must be signed by all the persons who have the power to do so, and if the signature of any one 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 consolidated annual accounts shall be deposited in the Trade Register in accordance with the provisions of Section 2 of Chapter III of Title III of their Rules of Procedure.

Additional provision second. Sports associations.

The rules for adapting the General Accounting Plan to non-profit-making entities will not apply to Spanish sports federations and territorial territorial federations integrated into them or to Professional Clubs and Sports Associations declared of public utility which, taking into account the terms of the transitional provision fifth of Royal Decree 1514/2007 approving the General Plan of Accounting, will be governed by the Order of the Ministry of Economic Affairs and Finance of 2 February 1994 for the Federal Republic of Germany In the case of professional clubs and sports associations, the Order of the Ministry of the Economy of 27 June 2000, without prejudice to the inclusion of the information in the annual accounts, is without prejudice to the nature of the The General Accounting Plan is required to be adapted to non-profit-making entities. In particular, they shall include in the memory of the annual accounts information relating to:

a) Entity activity.

(b) Where applicable, the basis of presentation and the information of the settlement of the budget.

c) Excess of the exercise.

d) Revenue and expenses.

e) Application of heritage elements for their own purposes.

f) Changes to the governing body, address, and representation.

g) Information on authorisations granted by the relevant administrative authority that are necessary for certain actions.

h) Any other information that is significant.

Additional provision third. Adjustments resulting from the abandonment of the specific criteria applicable by micro-entities.

At the beginning of the first financial year in which an entity ceases to apply the specific criteria of micro-entities, the new criteria shall be applied retroactively. The counterpart of the adjustments to be made in recognition of the assets and liabilities to be made shall be a reserve item unless, in accordance with the criteria laid down in the second part of the adaptation rules set out in Annex I, other items of equity are to be used.

In the first annual accounts that are formulated by abandoning the specific criteria applicable by micro-entities, the entity will create in memory a section with the name "Aspects derived from the abandonment of the criteria". (a) specific accounting criteria for micro-entities that are applicable in the preceding and current financial year, as well as the quantification of the impact it produces; this variation of accounting criteria in the entity's net worth.

Additional provision fourth. Incorporation of the specific criteria applicable by micro-entities.

In the year in which an institution moves to apply the specific micro-entity criteria, it shall carry out this application in a forward-looking manner from the beginning of that financial year, and shall be accounted for in accordance with the previous criteria for outstanding cancellation balances.

In the memory of the annual accounts, the accounting treatment of each of the subscribed financial leasing agreements shall be reported.

Additional provision fifth. Application by non-profit entities of criteria of the General Plan of Accounting of SMEs when in previous years the General Accounting Plan criteria have been used.

In the first exercise in which an entity, in compliance with the provisions of these adaptation rules, no longer applies the criteria of the General Accounting Plan and applies the criteria of the General Plan of Small and medium-sized enterprises (SMEs), which will carry out this application retroactively, cancelling at the beginning of that financial year adjustments for changes in value which appear in the net worth from or to the items of the financial instruments which have caused the above adjustments.

In the first annual accounts that are formulated according to the criteria of the General Plan of Accounting of SMEs, the entity will create in the memory a section with the name " Aspects derived from the transition to the criteria of the General plan for the accounting of SMEs ", which will include an explanation of the main differences between the accounting criteria applied in the previous year and the current ones, as well as the quantification of the impact that this variation produces. of accounting criteria in the entity's net worth.

Additional provision sixth. Adjustments resulting from the application of criteria of the General Accounting Plan by non-profit entities.

At the beginning of the first financial year in which the institution ceases to apply the criteria of the General Accounting Plan of SMEs, including, where applicable, the specific registration and valuation criteria for micro-entities, it shall apply the Criteria for the General Accounting Plan retroactively, and all assets and liabilities whose recognition requires the General Accounting Plan must be recorded. The counterpart of the adjustments to be made shall be a reserve item unless, in accordance with the criteria included in the second part of the General Accounting Plan, other items of net worth are to be used.

In the first annual accounts that are formulated applying the criteria of the General Accounting Plan, the entity will create in memory a specific section with the name "Aspects derived from the transition to the criteria". the General Accounting Plan ", which will include an explanation of the main differences between the accounting criteria applied in the previous year and the current ones, as well as the quantification of the impact that this variation of accounting criteria in the entity's net worth.

Single transient arrangement. Rules for the implementation of the rules for the adaptation of the General Accounting Plan to non-profit-making entities in the first financial year starting from 1 January 2012.

1. The opening balance of the financial year in which the present adjustment rules are applied for the first time shall be drawn up in accordance with the following rules:

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

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

c) Your impairment of value on that date will be checked.

Without prejudice to the foregoing, the entity may choose to assess all the assets referred to in point (a) above for the amount corresponding to the retroactive application of these rules.

The counterpart of the adjustments to be made in order to comply with the first application of these rules will be a reserve item.

2. The annual accounts for the first financial year starting from 1 January 2012 may be submitted:

(a) Including comparative information without adapting to the new criteria, in which case the annual accounts shall be classified as initial for the purposes of applying the principle of uniformity and the requirement of comparability.

b) Including comparative information adapted to the new criteria. In this case the date of first application is the date of commencement of the previous year to which it starts from 1 January 2012.

3. In the memory of the annual accounts for the first financial year starting from 1 January 2012, a paragraph shall be established with the name 'Aspects of the transition to the new accounting rules' in which it is include an explanation of the main differences between the accounting criteria applied in the previous year and in the present year, as well as the quantification of the impact that this variation of accounting criteria produces on the net worth of the entity.

Single repeal provision. Regulatory repeal.

Royal Decree 776/1998 of 30 April 1998 approving the rules for the adaptation of the General Accounting Plan to non-profit-making entities and the rules on budgetary information of these institutions is hereby repealed. entities, as well as the rules of equal or lower rank whose content is opposed to what is established in this Royal Decree.

Final disposition first. Regulatory enablement.

1. In accordance with the provisions of the first provision of Law 16/2007 of 4 July of 4 July, the reform and adaptation of commercial law in accounting matters for international harmonisation on the basis of the European Union's legislation, the The Accounting and Audit Audit Institute may, by resolution, approve binding rules that develop the rules for adapting the General Accounting Plan to non-profit entities and their standards. in particular, in relation to the rules for registration and valuation and the rules for the production of annual accounts. These rules shall be in accordance with the procedure laid down in Article 24.1 of Law 50/1997 of 27 November of the Government.

2. In order to facilitate the implementation of the rules for the adaptation of the General Accounting Plan to non-profit-making entities, the Accounting and Audit Institute shall, by means of a resolution, approve a text which is recast present the Accounting Plan and the Accounting Plan for Small and Medium-sized Non-Profit Entities, for which it must comply with the regulation contained in Annex I, which is inserted below. These rules shall follow the procedure laid down in Article 24.1 of Law 50/1997 of 27 November of the Government.

Final disposition second. Competence title.

This Royal Decree, in relation to the declared public utility associations, is approved under Article 149.1.14 of the Constitution, without prejudice to the foral tax regimes in force in the Territories. Historical in the Basque Country and in the Community of Navarra.

Final disposition third. Entry into force.

This rule shall enter into force on 1 January 2012 and shall apply in the terms provided for in this Royal Decree, for the financial years starting from that date.

Given in Madrid, 24 October 2011.

JOHN CARLOS R.

The Vice President of the Government of Economic Affairs and Minister of Economy and Finance,

ELENA SALGADO MENDEZ

ANNEX I

Rules of Adaptation of the General Accounting Plan to Non-Profit Entities

1. In the previous regulatory framework, the 1990 General Accounting Plan and its development provisions, the rules for adapting the General Accounting Plan to non-profit entities and their reporting standards were approved. budget. The initiative found justification in the special characteristics of this type of entities, whose main activity does not pursue the obtaining of a profit but ends of general interest.

Following the approval of Royal Decree 1514/2007 of 16 November approving the General Plan of Accounting, as well as of Royal Decree 1515/2007 of 16 November, approving the General Plan for Accounting Small and Medium-sized Enterprises and the specific accounting criteria for micro-enterprises, under the fifth transitional provision of Royal Decree 1514/2007 of 16 November (with a similar content the Sixth Transitional Provision of the Royal Decree) Decree 1515/2007 of 16 November), the validity of the said adaptation has been maintained, except in those aspects that expressly oppose the criteria contained in the new Plan.

In order to clarify its application, and in line with the aforementioned transitional law, the Institute of Accounting and Audit of Accounts published in its Bulletin (BOICAC) number 73, September 2008, the interpretation on the criteria to be followed by non-profit entities, which have so far been subject to the 1998 adjustment rules, to draw up their annual accounts for the financial years starting on 1 January 2008. In addition, in the BOICAC number 76 of December 2008, another interpretation was published on the concrete content of the balance sheet models and the results to be produced by these entities.

The rules that are now approved, the result of the empowerment attributed to the Government in the final Disposition third of Law 50/2002, of December 26, of Foundations, to update the norms of adaptation of the General Plan of Accounting to the non-profit entities, they assume, in the fundamental, the aforementioned doctrine and aim to collect, in the framework of the new General Plan of Accounting the treatment of specific aspects own of the entities without end of profit, contemplating the different activities performed by this type of entity.

2. The present rules, like their immediate antecedent, have as their addressee the abovementioned entities, with the obligation to comply with the State competition foundations and the associations declared to be of public interest, without prejudice to the 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, and therefore an "à la carte" application of these provisions would be discouraged.

For its elaboration, the work carried out by the group of experts appointed by the President of the Accounting and Audit Institute of Accounts, in the Resolution of 18 November 2010, made up of technical experts of the Institute, representative associations of the sector and by professionals and academics who provided their knowledge and experience of great utility both from a global consideration and referred to specific operations of this type of institutions, thus bringing together the theoretical and pragmatic double perspective embodied in the dynamic the world's evolutionary non-profit.

It follows from the above that these adjustment rules, adjusted to the General Accounting Plan, are the work of a very large set of accounting experts whose configuration has been sought to achieve an adequate balance in the Participation of professional experts in the accounting of non-profit entities, university professors related to the subject and representatives of the Public Administration.

Furthermore, although all the criteria set out by the various components of the working group have been assessed, the decisions taken have given priority to those which, in line with the lines set out in the General Plan of Accounting and taking into account the nature of the facts, they allow an adequate accounting reflection of their economic and financial significance.

3. The adaptation of the General Accounting Plan to non-profit entities is imposed by the differential characteristics of the accounting subject to which it is addressed. They are entities whose aim is not to obtain commercial profit but to pursue general interest for the benefit of the community, among which social, civic, educational, cultural, scientific, sporting, cultural, and cultural assistance can be cited. health, development cooperation, environmental protection or the promotion of the economy or research, the promotion of volunteering or any other similar nature.

In the course of the different meetings, the members of the working group have had this circumstance at all times. In other words, the fact that the accounts of the non-profit-making entities cannot ignore the element which characterises them, the absence of profit, if compared with other economic operators involved in the market with the objective of to make your investment profitable, in general, in the form of cash flows.

In the face of these operators, non-profit entities do not seek their own benefit and their subsequent distribution among the partners or members, but the benefit of the community in general, which motivates the faithful image that they must show their annual accounts, in particular, their income statement, must have an impact on the presentation of the resources obtained in a period and their employment or destination in the attainment of the different purposes, with the aim of provided is understandable and useful for contributors, beneficiaries and other stakeholders, such as the Public Administration.

In short, the funds provided in these entities do not make their decisions to "invest" according to the performance generated by their contribution, but depending on the aforementioned purposes, with which they are identified, and their degree of compliance.

4. The rules which are now approved, in so far as they constitute a legislative development of Law 16/2007 of 4 July, and an adaptation of the General Accounting Plan to non-profit-making entities, as well as the aforementioned rules, have as their The aim is to deepen the harmonisation of national accounting rules with the international one. Therefore, they introduce into the accounting framework that it is applicable to the individual annual accounts of non-profit-making entities in Spain, rules compatible with international standards, including the details considered necessary to treat the specialty of these entities from a rational economic perspective.

At this point, it is worth highlighting the absence at the present time of an International Financial Reporting Standard that regulates the accounting treatment applicable to the activity developed by the non-profit entities. However, the work of the American Financial Accounting Standards Board (FASB), through its concept document number 4, on the Objectives of financial information in the non-financial institutions, is worth noting in this area. For profit, as well as the content of the coding of American accounting standards that in its Concept 958 "Not-for-profit Entities" has integrated the Accounting of non-profit entities.

Similarly, within the international context it is possible to consider as a reference, by the similarity in the very essence and object of social character of the non-profit entities with those of a public nature, the International Standards for the Public Sector issued by the IPSASB (International Public Sector Accounting Standards Board), the aim of which is to deal with the accounting specialties of public sector entities, while promoting convergence with the International Financial Reporting Standards themselves.

At internal level, it is necessary to refer to the work carried out in recent years by the Spanish Association of Accounting and Administration of Enterprises in the following texts: document n. 1: Conceptual framework Financial Information for Non-Profit Entities, June 2008, and document No. 2: The Accounting States of the Non-Profit Entities, 2010.

The aforementioned experiences were taken by the working group as a source of inspiration for the purpose of giving birth to the document that has been used as a basis for drafting these rules.

5. The adaptation has the same structure as the General Accounting Plan, although it has been considered appropriate, by means of economy of means, to collect only the specific rules of these entities, that is, those that are more closely related to the activities carried out in the performance of their non-profit purposes, irrespective of whether the delivery of the goods or the provision of the service is granted free of charge or by way of consideration.

The accounting treatment of the remaining facts and transactions does not present any difference with that provided for in the general rule, a circumstance that justifies the technique of normalization that has been chosen, for the sake of clarity. To this end, it deserves to be highlighted the enablement conferred on the Accounting and Audit Institute of Accounts to produce, by Resolution, a text that recused the Accounting Plan of the Non-Profit and Profit Entities. the Accounting Plan for Small and Medium-sized Non-Profit Entities, considering the specific regulation that is now approved, with the aim of providing these accounting subjects with a single operational framework containing all the elements necessary for the recording of the operations that they can perform; including those that are (a) they shall, where appropriate, derive from the activity of a commercial or profit-making nature. In this work, logically, the criteria that are now approved must be considered.

Consequently, non-profit-making entities must apply in a mandatory manner to all operations and economic events not provided for in this adaptation, the General Accounting Plan, or, where appropriate, the General Plan of Accounting for Small and Medium Enterprises, as well as the specific criteria of micro-entities.

According to the above, five parts are included:

-Accounting Conceptual Framework.

-Registration and valuation rules.

-Annual accounts.

-Account table.

-Definitions and accounting relationships.

6. Compared to the Corporate Accounting Conceptual Framework, the approved for non-profit entities includes the following changes.

The first and, perhaps, the most important modification is the one that affects the documents that make up the annual accounts by showing up in a single state, the profit count, the variations in the net worth that the companies shows in the profit and loss account and the status of changes in net worth.

Law 50/2002, of 26 December, of Foundations, and the Organic Law 1/2002, of March 22, regulatory of the Law of Association, provide that the documents that make up the annual accounts are the balance, the account of results and the memory, without considering the two new documents, the state of changes in the net worth and the statement of cash flows. The divergence logically responds to the fact that the wording of these rules predates the reform incorporated in Article 34 of the Trade Code by Law 16/2007 of 4 July.

Leaving aside this circumstance and getting into the bottom of the matter, in particular, what the appropriate content of a non-profit entity's profit account should be, after an intense debate the majority of the the group considered that this document should show the increases and decreases in the net worth produced in the financial year, as an expression of the variation in the net resources that are not payable to the institution, in that financial year, for the fulfilment of its purposes.

So, faced with the option of having to stick to the regulated model for companies, the majority of the group members maintained that this account is better matched with the objective of the faithful image that the accounting must achieve. of these entities, according to their special nature, was in tune with the criterion followed by other issuers of standards at international level such as the FASB in the USA. At the internal level, it should be noted that the criterion chosen is also in line with that proposed by the Commission of Non-Profit Entities of the Spanish Association of Accounting and Business Administration in document No. 2: Accountants of the Non-profit Entities, 2010.

Once this "broad" content of the results account has been set, the members of the working group have concluded that the inclusion of a state of changes in net worth, of course, is no longer relevant.

Finally, with respect to the cash flow statement, it was considered that the most opportune thing was to place it in the memory in view of the legal forecast on the documents that make up the annual accounts of the competition foundations. state.

The second change in the conceptual framework is the one introduced in the drafting of the elements that make up the annual accounts: assets, liabilities, net worth, income and expenses. In particular, the new definition of "asset" and its recognition criterion in response to the objectives of a social nature which, in general, are pursued by these entities, which requires the replacement of the reference to profit-making. or economic returns, in the expectation of obtaining profitable returns in the future activity, mention that encompasses the first and additionally extends the definition to those that without generating the aforementioned benefits if they incorporate a service potential for the users of the entity.

In line with that purpose, the third relevant modification is that introduced in the valuation criteria in which the replacement cost is incorporated as the best estimate of the value in use of non-generating assets. of cash flows, for the purpose of calculating their deterioration, by analogy the treatment regulated in Order EHA/733/2010 of 25 March 2010 for non-cash-flow generating assets of the public companies operating in the certain circumstances.

To end with the exposure of the most novel aspects gathered in the conceptual framework it is necessary to make a brief reference to how the confluence has been resolved in the same annual accounts of the own activity and the business activity that may be performed by some entities, where their substantive rule so provides.

Article 25.9 of Law 50/2002 of 26 December of State competition foundations provides that when economic activities are carried out, the accounts of these entities shall be in accordance with the provisions of the Trade Code. For its part, Article 23 of its Implementing Regulation provides that foundations may develop their own activities and commercial activities, identifying, for these exclusive purposes, a correspondence between the terms "activity". economic "and" business activity ". In turn, from the reading of Article 23.2 of the Rules of Procedure, it seems to be inferred that the latter, in general, is the one carried out by the entity in receipt of a market price for the service it provides, irrespective of whether it relates to the foundational purposes, whether complementary or ancillary.

In this normative context, and with the objective of preserving the comparability of the economic-financial information of the business activity in the internal accounting model, regardless of the legal nature of the economic operator, this regulation determines that the accounting criteria applied by these entities in the exercise of their business activity do not differ from those applied by the companies, without prejudice to the differences already pointed out in relation to the documents which make up the annual accounts which shall in any event be the fixed by the regulatory rule of the legal regime of the entity.

7. The second part of the rules for adapting the General Accounting Plan to non-profit-making entities contains the rules of registration and valuation applicable to the various transactions or economic facts, as well as to the various heritage elements.

It is necessary to remember that the criteria that have been included in the adaptation should be complemented with those provided for in the second part of the General Accounting Plan or, where appropriate, in the General Plan of Accounting for SMEs, except for that the approved ones are opposed to the general regulation, in which case, logically, the special standard here will prevail.

Thus, the subjects that have been considered necessary to develop or regulate in a specific way are as follows:

-Immobilized non-cash flow generating material.

-Particular rules on research and development expenses that may qualify as non-cash flow generating assets.

-Property of Historic Heritage.

-Credits and debits from your own activity.

-Non-cash flow generating stocks.

-Benefits taxes.

-Non-profit entities ' expense and income.

-Grants, donations, and legacies received.

-Mergers between non-profit entities.

8. The General Accounting Plan provides that a impairment loss of a property of fixed assets shall be recognised if its value in books is higher than its recoverable amount, understood to be the largest amount between its fair value minus the selling costs and their value in use.

Depending on the special characteristics of non-profit entities, the object of which is not to obtain an economic performance and whose assets, as a result, are not intended to generate cash flows, most of which are the members of the working group did not consider it appropriate to apply such a criterion, because in some circumstances it would be complex to determine the fair value of these goods and, in general, their value in use could not be determined reference to cash flows. On the contrary, it was correct that the treatment of this impairment loss was realized by taking as a reference the service potential that keeps the asset in tune with the regulation included in Order EHA/733/2010, of March 25, for non-cash flow-generating assets of public companies operating under certain circumstances.

This Order, inspired by the International Standard of Public Sector Accounting No. 21. Impairment of non-cash-generating assets, replaces the value in use with the "depreciated reorder cost" as a parameter to perform the "Impairment Test".

Likewise, and in the particular field of foundations, other countries (this is the case of Australia; "ACT Accounting Policy-Impairment of Assets", November 2008) have adopted criteria similar to the replacement cost depreciated to account for the impairment of the value of the assets affected by the non-profit activity.

At this point, an intense debate was opened on the desirability of adjective the assets of non-profit entities as non-cash-flow generators, the general rule being precisely this, that is, the fact that These goods do not produce such yields, differentiation which could additionally result in an additional difficulty as is the need to identify the two categories of elements of the fixed assets, generators and non-generators of (i) cash, and the general criteria of the Plan for the implementation of the deterioration, casualties and permutts and the latter are now approved.

This division is finally maintained as a reflection of the very difference underlying the economic analysis of these assets. Some of them are maintained for the purpose of generating cash flows, as a result, with a similar motivation to the one that supports the criterion applicable in the general framework, which the standard cannot ignore without the risk of introducing distortions and inconsistencies. in the internal accounting model, and the others other than that purpose, which motivates them to give them adequate accounting treatment on the line that has been exposed.

A greater abundance is required to indicate that, as clarified in the standard itself in those cases where it may not be clear whether an asset is owned for the main purpose of generating or not a commercial performance, given the objectives pursued by 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.

Another novelty included in the material immobilized rule is the accounting treatment of swaps, when assets are exchanged for non-cash-flow-generating assets. In these cases, the majority of the members of the group also considered that the regulation of the General Accounting Plan should be exceptionated and that considering the nature of these entities, the most opportune thing was to assimilate the accounting treatment. of these operations to that provided for in the general regulation for the assumption of non-commercial permutas.

Without prejudice to the above, it is necessary to highlight the special nature of these criteria, limited in scope to non-cash flow generating assets. Consequently, if these entities hold assets for the purpose of generating cash flows, they will implement the General Accounting Plan to recognize and assess the operations of permuse, casualties and the deterioration of the assets of the fixed assets.

Additionally, the criterion to be followed is specified when existing losses due to deterioration previously accounted for the fair value of the asset received exceeds the accounting value of the delivered, in line with the current regulation in This is a matter for businesses.

It is also clarified, in accordance with the provisions of the Business Plan and the substantive regulation itself, that contributions made in the form of a fund or social fund must be recognised at fair value. The contributor shall account for this transaction as an expense, in line with the ICAC's doctrine on the recording of these transactions which, when they are of exceptional character and significant amount, will be shown in the item of "Other Results" to be set up as part of the surplus of the activity, in accordance with the 7 th rule of production of the annual accounts, contained in the third part of the General Accounting Plan.

Finally, the material immobilized standard treats the disposal operations without consideration when the entity acts as a transferor and the rule on grants, donations and legacies analyzes the different assumptions in which is a beneficiary of the cession, in both cases assuming the ICAC doctrine in the response to the consultations made by the non-profit entities on these issues.

9. With regard to intangible fixed assets, the definition and criterion for the recognition of an asset which is included in the conceptual framework requires, in turn, to specify in the third standard the treatment of research and development expenditure which complies with the the requirements to qualify as non-cash-flow-generating fixed assets.

10. The fourth standard is dedicated to the accounting treatment of the property of the Historical Heritage. The main debate on these goods focused on whether or not to maintain the specific valuation standard for 1998 on initial valuation, when they were received on a free basis, and the accounting treatment of repairs and extraordinary character conservations that typically require these assets.

The majority of the members of the group were in favour of not introducing differences in this case, in relation to the general model, and, consequently, recognising them at the initial moment at their fair value, without prejudice to the fact that Given the nature of these assets, where the value of the goods could not be reliably estimated, the purchase price would be made up of the amount paid for the conditioning costs incurred.

To a greater abundance, given the notable difficulty in many times of weighting an adequate fair value for this type of goods, the members of the group agreed that a good indicator of the value of this value could be the amount the value in alternative use, the value for which it was acquired by the donor or the amount by which they are listed in the accounts of the donor. Logically, in those cases where there are several available values, the standard does not allow any of them to opt for the most reliable one in tune with what is foreseen in the Conceptual Framework of Accounting, considering the cost of obtaining these values.

On the desirability of extending the non-amortization criterion to other assets that do not enjoy the legal status of historical heritage assets, the members of the group expressed that it could be justified provided that the entity accredit that the useful life of such goods is also indefinite. To this end, it should be considered that, in order to allow such a rule to be excepted, the asset should not suffer from its operation, use or enjoyment. In other words, their cultural or historical value is foreseen (there is evidence) that will endure over time, and the holder of the same guarantees their protection and conservation with the necessary technological infrastructures.

In coherence with the above, if for various causes such as vibrations, the use of the public, pollution, etc., these assets should be the object of continuous repairs, restorations and arrangements to preserve their value, the same must be subject to depreciation. It should also be borne in mind that any rehabilitation costs or similar costs which have been capitalised, other than the usual maintenance or maintenance costs, must be amortised over the period of time when the benefits are obtained. economic or potential service for having incurred such costs.

Finally, if the above mentioned assets have their origin in the work carried out by the institution itself, the members of the group considered that unless otherwise proved, it should be assumed that the above requirement is not complies, in such a way that they should be subject to depreciation on the basis of timely estimates in which their useful life and the criterion for accounting for systematic depreciation are determined.

11. The fifth standard is devoted to credits and debits originating from the fulfillment of the objectives. It highlights the regulation of loans granted in the exercise of self-activity at zero interest rate or below market interest, in line with the general criterion included in the Business Plan, in order to make the difference between the fair value of the credit on the date of its concession and the amount provided shall show the monetary aid granted.

Another aspect discussed in depth was the accounting treatment of the multi-year aid granted by the institution, irrevocably and unconditionally, that is to say, the one of those whose granting shows a liability in the the initial moment and the corresponding right of recovery in the beneficiary, focusing the discussion on the criterion to be followed in order to assess this debt. Thus, in the face of the members who defended the one we could call a more orthodox solution consisting in recognizing the expenditure and the liability for the current value of the aid granted, and subsequently updating the debt by accounting for the corresponding financial expenditure, other members of the group held that the complexity of this criterion made it advisable to recognise aid and debt at face value or, alternatively, the liability for its present value and to account for the difference in expenditure, registered by the nominal, in a kind of compensating account.

In order to reconcile both approaches, the recognition of expenditure and liabilities by the present value has been successful in the standard, but at the same time the possibility of registering for the nominal value in those cases is enabled. the entity chooses to apply the specific registration and valuation criteria for micro-entities.

12. In the sixth standard, stocks delivered without consideration or for a symbolic or reduced amount and in any case less than their market value are regulated, pointing out that they should be regarded as an expense in the profit or loss account for their value. accounting.

Special regulation of non-cash flow generating stocks is completed with the application, for the purposes of calculating its possible deterioration, of a criterion similar to that described for the fixed asset.

13. The accounting treatment of corporate tax expense included in the adaptation clarifies that the results from the exempted economic activities will result in the timely adjustment to the exclusive effects of calculating the tax base, What will motivate, given its permanent difference nature, a lower current tax.

14. The criteria established for the recognition and assessment of expenditure and revenues that are most commonly produced in these organisations are also eligible.

In particular, the eighth standard provides that the aid granted shall be recognised at the time it is approved, in accordance with the principle of accrual.

Additionally, the treatment of the disbursements made for the organization of future events is clarified, a question that has raised doubts in practice, pointing out that they will have to be recognized, in general, in the the entity's results count as an expense on the date on which they are incurred.

In the accounting of the entity's own revenues, in addition to the implementation of the accrual principle and the need to carry out the necessary periods, one issue deserves to be highlighted. the other. The fact that supplies of goods and services are provided are accounted for by the amount agreed, provided that they correspond to the logic held by these entities, that is to say, provided that the difference is in favour of the beneficiary or user as an expression of the aid or service provided by the entity in compliance with its purposes.

15. A highly developed and widely debated provision in the group is the ninth standard dedicated to grants, donations and bequests received.

In addition to collecting the ICAC's doctrine on certain operations, the general criteria in the matter contained in the Plan of Companies, subsequently developed in the Disposition, are also recast and revised. Single additional to Order EHA/733/2010 of 25 March 2010, in respect of when a grant is to be classified as non-reintegrable.

It is appropriate to clarify, in the light of the doubts raised within the working group, that the entity will only act as a mere intermediary when it is not the beneficiary of the aid, that is, when acting on behalf of the person (a) to grant the powers conferred on it to lay down the conditions to be met by the beneficiaries and to assess their degree of compliance, in order to allocate the aid, either very small or almost nil. To the contrary, the entity shall act on its own account in cases where, despite the fact that the contributor imposes a condition, for example, to restrict the use of the funds received to a particular purpose that it wishes to promote, the entity retain control over the funds received and consequently be the one that ultimately sets the criteria for its distribution.

It should also be specified that in relation to the accounting treatment of non-monetary aid received and, in particular, the provision of services, it was concluded that they could not be qualified as such voluntary, that is, natural persons who, in an altruistic manner, collaborate with the entity engaged in a work other than the exercise of their business or professional activity.

16. Finally, in the tenth rule, the general aspects relating to the accounting treatment of mergers between non-profit entities are regulated, resulting exclusively from the restructuring operations in which they are involved. exclusively non-profit entities.

17. The third part of the adaptation includes the rules for drawing up the annual accounts and the balance sheet models, the results and the memory to be approved by the non-profit entities, in accordance with their specific rules.

Following the criteria of the General Accounting Plan, in order to facilitate the comparability of financial information, defined format models have been developed, with specific denominations and mandatory application. In addition, three models of annual accounts have been drawn up, the normal one, the abbreviated and the simplified one, which will be used by micro-entities that opt for the registration and valuation criteria included in Article 8 of the royal decree for which they are approve these rules.

Article 25.3 of Law 50/2002 of December 26, of Foundations, provides that these entities may formulate annual accounts in abbreviated form when they meet the requirements established in this respect for companies mercantile. In this respect, the reference to the net amount of the annual turnover, as set out in the commercial law, is understood to be the annual turnover of the activity itself, if applicable, the annual turnover of its activity mercantile. In essence, they will also apply the abbreviated models, with the necessary adaptations, the entities that choose to follow the criteria of registration and valuation included in the second part of the General Plan of Accounting of SMEs.

Without a doubt, the results account is the one that presents the most significant changes when it is a document where the income and expenses attributed to the result of the exercise are reflected exclusively, to a model that presents all changes in net worth, distinguishing the following concepts:

-Exercise surplus.

-Revenue and expenses directly attributed to equity.

-Reclassifications to the exercise surplus.

-Adjustments to changes in criteria and errors.

-Contributions and decreases in the endowment or social fund.

In view of this composition it is inferred that the balance of the said account consists of the contributions and decreases of the endowment or social fund, and for all the income and expenses of the financial year and the previous exercises to be recorded in the present because of a change of criteria or the subhealing of an accounting error.

In the General Accounting Plan and the General Plan of Accounting for SMEs, the above information is shown in the balance of the total state of changes in equity. The profit and loss account presents the result of the period in an independent manner, setting out from this presentation an isolated magnitude that allows to form the core of the tax base of the corporation tax, or to apply mercantile rules to identify the deliverable benefit.

While in the non-profit entities both purposes are less relevant, it is no less true that both the substantive and the fiscal norms have constructed the requirement for very high obligations. relevant as the degree of compliance of the income and income destination to its own purposes.

Considering this circumstance, and the complementary nature of the registration and valuation provisions included in the second part of the General Accounting Plan and the General Small and Medium Accounting Plan Companies, in the adaptation it is clarified that the references that in these texts are made to the profit and loss account must be understood to the surplus of the account of the results of the new adaptation. Once this point of connection has been established between the two models, that of the company and that of the non-profit entities, the presentation in a single document of the totality of the revenue and expenditure is only in an increase of the relevance of the information provided.

As indicated, in addition to all revenue and expenditure, the new income statement shows the changes in net worth that cause the operations directly related to increases or decreases. of the endowment or social fund. This criterion seeks to identify the variation of non-chargeable resources originating in the exercise, as an indicator of the capacity to develop the purposes in the following exercises. In other words, it is not intended to assimilate the concept of endowment or contributions to the social fund to the definition of income, and its decrease in expenditure, but the aim pursued is to show the economic background of the transaction, which, unlike the contributions to the capital of commercial companies, does not seek their recovery more a return, but to provide economic viability to a certain project, in which the aforementioned funds could be consumed.

18. The memory, as with the General Plan of Accounting, acquires greater relevance in the adaptation than in its immediate antecedent. Three models are incorporated: the normal, the abbreviated and the simplified.

The use of the different models that, in any case, incorporate the minimum information to be completed, will depend on the size of the non-profit entity, in such a way that the abbreviated memory model must be used by the entities that comply with the requirements set out in the General Accounting Plan for the formulation of short balance and memory, which have been reproduced in the third part of the adjustment, as well as by the entities fulfilling the conditions established, opt for the application of the criteria of the General Plan of Small and Medium-sized Enterprises.

The simplified memory model should be used exclusively by entities that, in compliance with the requirements set out, choose to apply the specific criteria for microentities.

In particular, taking into account the special characteristics of the activity carried out by these accounting subjects and in compliance with the provisions laid down in the specific legislation, these models incorporate paragraphs intended to facilitate information on the following subjects:

-Property members of the Historical Heritage.

-Users and other debtors of your own activity.

-Beneficiaries and creditors.

-Activity memory.

-Application of heritage items to own purposes.

-Administration expenses.

-Inventory.

The memory of activities and the application of the heritage elements to their own ends are undoubtedly two of the most important information that these organizations must provide and in certain cases, such as happens with the state competition foundations, the corresponding substantive rule requires as mandatory content.

On the other hand, it should be noted that entities carrying out their own activities in conjunction with economic/commercial activities should incorporate into the model of memory using a new paragraph called "Elements". (a) the value of the assets and the income and expenses which are affected by the business or the business activity, and the surplus which is also determined by the excess of the amount of the assets and expenses; corresponds to each of these activities.

Finally, it should be noted that, although in memory relevant information is collected to verify the degree of performance of each activity or the degree of achievement of the objectives, the action plan is not part of the accounts. annual, without prejudice to the fact that it has logically had to be taken as a reference for identifying information that must be included in the memory on its degree of compliance.

19. The fourth part of the adaptation refers to the developments in the table of accounts, which are normally used by non-profit entities, and which, like the General Accounting Plan and the 1998 adaptation, follows the decimal classification.

The structure of the sub-groups and the titles of the General Accounting Plan, as well as the names of the specific accounts and the breakdown of the accounts in four figures, have been attempted as far as possible. that the 1998 adaptation had to be included in relation to the 1990 Plan.

Moreover, to the extent that Law 50/2002, of December 26, of Foundations provides for the possibility for non-profit entities to jointly carry out commercial activities, in which case they must (a) to keep the accounts required by the Trade Code and its accompanying provisions, an attempt has been made to respect all the sub-groups and accounts necessary to ensure that the entities which are required to apply this adjustment, as well as the institutions which, on a voluntary basis, choose to apply it, can account for all the activities that you perform.

20. The new definitions and accounting relationships included in the fifth part in relation to the ones collected in the Plan of companies coincide mostly with the ones existing in the adaptation of 1998, where the effort to identify the changes has already been made necessary, with respect to the 1990 Plan, both in definitions and in the movement of some accounts in order to adapt them to the peculiarities of non-profit-making entities.

The accounting relationships that are now presented, in the same way that the previous adaptation has already been, describe the most common reasons of charge and credit of the accounts, without exhausting the possibilities that each one of them supports. Therefore, in the case of transactions for which the accounting is not explicitly stated in the text, the seat or seats that come using the criteria to be established shall be formulated.

As already expressed in the 1998 adaptation, the fourth and fifth parts are optional. However, it is advisable to use similar names in the case of making use of this option in order to facilitate the preparation of the annual accounts, the structure and rules of which are set out in their content and presentation. mandatory.

The following are the main developments that have been included in this adaptation, due to the peculiarities of these entities, in relation to the previous one.

In subgroup 14, the account 145 "Provision for repairs and conservation of property of the Historical Heritage" has been deleted, which collected the estimated amounts needed to provide for repairs and conservation of character "extraordinary" of the goods belonging to the subgroup "Property of Historic Heritage".

The standard of registration and valuation indicates that when a property is incorporated in the Historical Heritage Site, the amount of the costs necessary to carry out such actions must be estimated and identified. These costs will be amortised as a differentiated component of the cost of the asset up to the date of the great repair, at which time it will be treated as a replacement, giving out any amount associated with the repair. that could remain in the book value of the quoted asset.

The above criterion is a novelty in relation to the 1998 adaptation, where it was indicated that the assets of the Historical Heritage were not the subject of depreciation, but that a fund of repairs was established. to be carried out in a systematic way over time, so that the time of great repair is reached, the entity has the necessary resources to be able to cope with it.

Group 2 includes an account within subgroup 20 with the name "Rights on assets transferred in use" to account for transfers received from non-cash assets for free. In return, the entity shall record the corresponding income directly attributed to the equity, and which shall be reclassified to the surplus of the financial year, as income on a systematic and rational basis, in accordance with the criteria included in the eighth standard of this adaptation.

In addition to the subgroup 28, the account "Non-consideration use Cefunes" is included to record the non-cash asset disposals performed by the entity without consideration, when the lease occurs for a period of time. less than the life of the given asset.

Group 3, 4, and 5 do not have relevant variations in relation to the previous adaptation.

Subgroup 65 presents a new sort to show the aids that these entities perform. In particular, account 651 of the previous adaptation has been integrated into account 650, so that a new account 651 is now included with the name 'Non-monetary aid', in order to collect the amount for which they are required to account for the disposals of goods without consideration. Within those accounts, each institution may open the sub-accounts of four or more figures containing the specific expenditure of its activity. However, as in the previous adaptation, it is proposed to continue to differentiate between individual monetary or non-monetary aid, to entities, or made through other entities or institutions.

The subgroup 72 continues to collect the own income of the entity that normally represents the main source of financing, differentiating the origin of the income that the different entities obtain for their own activity. The change in the denomination of the account 720, which becomes known as "Partner and affiliate quotas", is highlighted, thus passing the account 721 to be called "User quotas".

21. With the approval of the rules of adaptation of the General Accounting Plan, to the special characteristics of non-profit entities, this Institute has the assurance that these accounting subjects will have a very useful text. for its own management. In addition, they may formulate their annual accounts with sufficient content to respond to the demands of the various economic operators and to improve any other information required by the national bodies.

The decision taken by the Community institutions to harmonise the accounts of the groups listed under international financial reporting standards, and the Government's willingness to extend such harmonisation to the individual accounts, opens a stage of possible changes in the Spanish accounting model induced by those that may occur internationally. In this context, the standardisation technique that has been chosen will allow any modification in the rules of registration and valuation of the General Accounting Plan, or of the information to be included in the memory, to also operate in relation to the non-profit-making entities.

However, in order to preserve the legal certainty that should govern all normalizing activity, the revision of the rules that are now approved, as well as that of the General Accounting Plan, should only be subject to changes. substantial at international level, which in turn would be the trigger for amendments to the Conceptual Framework, the rules for registration and valuation or the rules for drawing up annual accounts.

FIRST PART

Accounting conceptual framework

1. Annual Accounts. Faithful 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 Part Three of this Adaptation.

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 Adaptation 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 Adaptation, shall do so independently of the group of entities to which he may belong, without prejudice to the information breakdowns to which he/she must to be incorporated in 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. This adaptation is intended to regulate the accounting treatment of activities carried out in the performance of their non-profit purposes, irrespective of whether the provision or service is granted free of charge or by means of consideration.

When the entity develops business activities, its accounting shall be in accordance with the General Accounting Plan, without prejudice to the provisions of Part Three of this Adaptation.

2. º Information Requirements to Include in 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 carried out in accordance with the accounting principles set out in the continuation:

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 terms of the rules for the development of this Adaptation, 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. Annual Accounts Items

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

1. Assets: assets, rights and other resources controlled economically 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: is 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: increases 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: decreases in the net worth of the institution 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 Elements of 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 of them, included in the second part of this Adaptation.

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 may in no case lead to registration. 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 Adaptation.

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. Generally accepted accounting principles and rules

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. 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 operations that occur more frequently in these entities.

3. Non-profit entities should apply these rules in a mandatory manner, as well as those contained in the second part of the General Accounting Plan, or, where appropriate, of the General Plan of Accounting for Small and Medium-sized Enterprises and the criteria specific accounting of micro-entities, in all that they do not object to what is indicated below.

2. Inmobilized Material

1. Scope of application.

The rules that are regulated in this paragraph shall apply to non-cash flow generating assets.

1.1 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.

1.2 Permutas:

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 swap assets and non-cash flow generators will apply the criteria included in the General Accounting Plan.

1.3 Amortization of land rehabilitation costs:

The grounds normally have an unlimited life and therefore do not depreciate. However, if the initial value includes rehabilitation costs incurred on a regular basis in order to maintain the service capacity, this portion of the land shall be amortised as the service potential of the service is consumed. active.

1.4 Impairment:

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.

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 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.

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.

The valuation corrections for the deterioration of the elements of the immobilized material non-generating cash flows, as well as their reversal when the circumstances that motivated them would have ceased to exist, will be recognized as an expense or an income, respectively, in the income statement. 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.

1.5 Low:

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.

1.6 Refresh, extension, or enhancement costs:

The costs of renewal, extension or improvement of assets of non-cash-flow non-cash-flow 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.

2. Contributions from fixed assets to the fund 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. 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 intangible fixed assets

1. Scope of application.

This standard shall apply to research and development expenditure that meets the definition of non-cash-flow-generating fixed assets.

2. Initial recognition and subsequent assessment.

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.

4. 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.

5. th Credits and Debits

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. To this end, the criteria set out in the General Accounting Plan or in the General Plan for the Accounting of Small and Medium-sized Enterprises, as appropriate, shall be applied in order to recognize the deterioration of the financial assets that are accounted for 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 a multi-year, 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.

6.

1. Scope of application.

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.

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. Deliveries made by the 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.

7. Benefits Taxes

Non-profit entities will account for corporate tax expense by applying the criteria contained in the General Accounting Plan, in the General Plan for Small and Medium Enterprises Accounting and, in their case, the specific criterion applicable to micro-enterprises. 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.

8. Non-profit entities ' own expenses and own income

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 multi-year character.

1.3 Multi-year expenses

The aid granted by the institution and other committed expenditure of a multi-year nature shall be taken into account in the profit or loss account of the year in which the grant is approved with a payment to 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.

9. Grants, donations and bequests 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-year implementation costs, if the conditions of the grant require the completion of the action plan and the justification that the corresponding 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:

b.1) 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, if applicable, where its disposal occurs, 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.

b.2) Property of the Historical Heritage: shall be charged as income from the financial year in which its disposal occurs, valuation correction for deterioration in the balance sheet.

b.3) Stocks not obtained as a result of commercial rappelling: they shall be charged as income from the year in which their disposal is produced, a valuation correction for deterioration in the balance sheet.

b.4) Financial assets: shall be charged as income from the year in which their disposal occurs, valuation correction for impairment or low balance sheet.

b.5) Cancellation of debts: shall be charged as income from the year in which such cancellation occurs, except where they are granted in relation to a specific financing, in which case the imputation shall be performed on the basis 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. Transfer 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. Transfer of land use and construction in a free form 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. Transfer of the property 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.

10. 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 listed in the General Accounting Plan 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.

THIRD PART

Annual accounts

I. RULES FOR DRAWING UP ANNUAL ACCOUNTS

1. th Documents that integrate the annual accounts

Annual accounts comprise the balance sheet, the income statement, and the memory. These documents form a unit and must show the true image of the 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 cash flows and the degree of compliance with the entity's activities.

When balance and memory can be formulated in an abbreviated model, or the rules of registration and valuation of the General Small and Medium Business Accounting Plan are applied, the information on cash flows will not be mandatory.

2. Annual Accounts 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. Annual Accounts Structure

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. 'entity's income from its own activity' and, where appropriate, from the net amount of the annual turnover of the business.

-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. 'entity's income from its own activity' and, where appropriate, from the net amount of the annual turnover of the business.

-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.

5. Non-profit entities that choose to apply the General Plan of Small and Medium Enterprises Accounting approved by Royal Decree 1515/2007 of 16 November, will draw up the balance sheet, the results and the memory account For short models, given the details given in these models.

6. Non-profit-making entities which opt for the application of the criteria for micro-entities shall draw up the balance sheet and the profit-and-loss account in accordance with the abbreviated models, taking into account the details indicated in those models. The memory of these entities shall be in accordance with the simplified model included in this third part.

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

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

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

2. The 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 in the General Accounting Plan or the General Plan for the Accounting of Small and Medium-sized Enterprises, integrating in each item of the models of the various financial statements the corresponding amounts joint ventures in which they participate, and report 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 production of a cycle of more than one year, the items under the asset item ' 3. Products in progress "and" 4. Finished products ' of the normal balance sheet shall be broken down for separately collecting the short-cycle and the long-cycle production.

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 related transactions exist, item B. II 'Users and other debtors of the activity of the asset' shall be broken down into 'Group Entities', 'Associated Entities' and 'Other'.

12. If there are related operations, the heading C. IV. Liability-Acreers of the liability shall be broken down into "Group Entities", "Associated Entities" and "Other".

13. If the entity chooses to apply the registration and valuation rules included in the second part of the General Small and Medium Business Accounting Plan, when it has tax revenues to distribute in various financial years, or perform an operation that, by applying the criteria contained in the General Accounting Plan, it leads to other revenue or expenditure directly attributed to the net worth, the changes in the net worth shall be shown in accordance with the criteria laid down by the entities that draw up the balance sheet in the abbreviated model.

14. 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' or, where appropriate, in the A-2 sub-pool 'Grants, donations and legacies received' if the institution applies the registration and valuation rules included in the second part of the General Accounting Plan Small and Medium-sized Enterprises. 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

15. If the entity does not apply the registration and valuation rules included in the second part of the General Small and Medium Business Accounting Plan, additionally, the following criteria shall be considered:

(a) 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 appear specifically in other balance sheet items (such as assets linked to post-employment benefits of defined benefit to be recognised in accordance with the standard of registration and valuation of liabilities for long-term remuneration to the (a) shall create the item 'Other investments', which shall include in the headings A. V, A. VI, B. IV and B. V of the normal balance sheet asset, depending on whether they are in the long or short term and against group entities and associated or not.

(b) If, exceptionally, the entity's 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 under a heading specific "Conversion Difference" 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.

(c) The criteria for the presentation of non-current assets held for sale and eligible groups of items covered by Part Three of the General Accounting Plan, to the effect of which they shall be, shall apply. Include in the balance sheet the necessary breakdowns as provided for in Part Three of the said Plan.

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 thereof, except where appropriate direct imputation to the net worth in accordance with the provisions of the registration and valuation rules. For these purposes, the references that are made in the General Accounting Plan and in the General Plan of Accounting for Small and Medium Enterprises to the profit and loss account shall be understood as being made to this balance of the account of the results.

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 operating income shall be reflected in the income statement for the net amount of returns and discounts.

(c) If the entity carries out commercial activities, the sales and other revenue of that activity shall be shown in the item "Sales and other revenue of the business activity", which shall be created for that purpose, following the entry 1. "Income from own activity", forming part of the operating result.

(d) The amounts corresponding to activities carried out by other entities in the production process shall be shown in Item 5. "Supplies".

(e) 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 10. "Grants, donations and capital legacies transferred to the surplus of the financial year". Grants, grants and legacies awarded to cancel debts that are granted without a specific purpose shall also be charged to item 10.

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 6. "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 fund assets of intangible fixed assets, material or real estate investments shall be shown in item 10. "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 above mentioned item must be differentiated between the "own activity" and the "affections to the business activity".

f) Item 11. 'Excess of provisions' means reversions of provisions in the financial year, with the exception of those relating to staff which are reflected in item 7. 'Personnel expenses' and those derived from commercial transactions that are reflected in item 8.c) of the standard and 8 of the abbreviated model.

g) 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 operating result.

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

(i) 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.

(j) Where the entity presents exceptional income or expenses and significant amounts, such as those produced by floods, fires, fines or penalties, a consignment shall be created with the name ' Other results ", forming part of the operating result and reporting in detail in the memory.

(k) In item 15.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 profit and loss account' in the terms of the registration and valuation rule relating to financial instruments, the amount of accrued interest calculated as being imputed in accordance with the cash interest rate method and the method of the accrued dividends to be charged, in the relevant items, 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 the entity does not apply the registration and valuation rules included in the second part of the General Small and Medium Business Accounting Plan, in addition, in case of exceptionally, its currency or currencies In the case of non-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 ' Reclassifications to the account of the results '. 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. If the entity does not apply the registration and valuation rules included in the second part of the General Small and Medium Business Accounting Plan, the reporting criteria for regulated interrupted transactions shall apply. in the General Accounting Plan, to the effect that the necessary breakdowns in accordance with the provisions of Part Three of the said Plan shall be included in the results account.

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. The requirements set out in note 3 of the memory 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

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

Cash and other equivalent liquid assets, which as such are set out in item B. VII of the balance sheet asset, i.e. the cash 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 that are primarily caused by the activities that constitute the main source of income of the entity, as well as by other activities that cannot be classified as investment or financing. The change in cash flow caused by these activities shall be shown by their net amount, with the exception of cash flows corresponding to interest and income taxes, which shall be reported separately.

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

a) The settings to remove:

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

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

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

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.

(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 and their monetary current.

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

d) Cash flows by profit tax.

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

Cash flows by financing activities include collections from 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. 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.

9. 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 products and the services or other income corresponding to the gainful activities of a character the entity's business, the amount of any discount (bonuses and other sales reductions) and the value added tax and other taxes directly related to them, which must be the subject of an impact.

10. No. 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 Adaptation, 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. Third Intermediate 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 institution itself or of any other related party to it, unless the institution chooses to apply the registration and valuation rules included in the second part of the Plan General of Small and Medium Business Accounting.

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 BALANCE SHEET MODELS

BALANCE SHEET AT YEAR

200X

ACCOUNTS

) CURRENT

ACTIVE

MEMORY NOTES

200X

200X-1

A) ACTIVE NOT

Intangible fixed

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

. Historical Heritage

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

. Real Estate

220, (2920)

1. Grounds

221, (282), (2921), (2832)

2. Constructs

 

V. Investments in group entities and long-term

2503, 2504, (2593), (2594), (293) 2523, 2524, (2953), (2954), 2513, 2514, (2943), (2944)

1. Heritage Instruments

2. Credits to entities

3. Debt representative values

4. Derivatives

5. Other financial assets

. Long-term financial

2505, (2595), 260, (269)

1. Heritage Instruments

2525, 262, 263, 264, (2955), (298)

2. Credits to third parties

2515, 261, (297), (2945)

3. Debt representative values

265

4. Derivatives

268, 27

5. Other financial assets

474

. Deferred tax

I . 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)

II. Users and other debtors of your own activity

III. Commercial debtors and other accounts

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, 5531, 5533

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

. Investments in group entities and short-term

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

Short-term financial

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

VI. Short term

. Cash and other equivalent liquid

570, 571, 572, 573, 574, 575

1. Treasury

576

2. Other equivalent liquid assets

ACTIVE (A + B)

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

120

1. Remnant

(121)

2. (Previous exercise negative surpluses)

129

IV. Exercise

A-2) Adjustments by value

133

I. Financial assets available for the vente

1340

II. Coverage

137

III. Other

 

A-3) Grants, donations, and legacies received

130, 1320

I. Grants

131, 1321

II. Donations and legacies

) PASSIVE NON-STREAM

I. Long-term

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

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

479

IV. Deferred tax

181

Long term

) PASSIVE STREAM

, 529

I. Short-term

. Short term

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, 5530, 5532, 555, 5565, 5566, 560, 561, 569

5. Other financial liabilities

5103, 5104, 5113, 5114, 5123, 5124, 5133,5134, 5143, 5144, 5523, 5524, 5563, 5564

III. Debt to group entities and short-term

412

IV. Beneficiaries-Acreers

Commercial creditors and other accounts

400, 401, 405, (406)

1. Suppliers

403, 404

2. suppliers, entities, group, and associates

410, 411, 419

3. Multiple creditors

465, 466

4. Staff (pay pending remuneration

4752

5. Current tax liabilities

4750, 4751, 4758, 476, 477

6. Other debts to Public Administrations

438

7. Advances received by orders

485, 568

VI. Short term

NET AND PASSIVE EQUITY (A + B + C)

 

RESULT COUNT

RESULT COUNT FOR THE FINISHED EXERCISE ON .... OF 200X

ACCOUNTS

721

(651)

(658)

(631), (634), 636, 639

745

NOTE

(Must) Haber

200X

200X-1

A) Exercise

. Revenue from your own activity

720

a) Partner and affiliate quotas

721

722, 723

c) Revenue from promotions, sponsors, and collaborations

740,748

d) Subventions imputed to exercise surplus

747

e) Donations and legacies imputed to exercise surplus

728

f) Refull of aids and assignments

2. Expenses for Aids and

) 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

3. Stock variation of finished and in-flight

 

73

4. Jobs performed by the entity for your

(600), (601), (602), 6060, 6061, 6062, 6080, 6081, 6082, 6090, 6091, 6092, 610 *, 611 *, 612 *, (607), (6931), (6932), (6933), 7931, 7932, 7933

5.

75

6. Other activity

. Staff

a) Wages, salaries, and assimilated

(642), (643), (649)

) Provisions

8. Other activity

) External Services

c) Losses, deterioration and variation of provisions by business operations

d) Other current management expenses

(68)

9. Amortization of the quiesced

. Grants, donations and capital legacies transferred to exercise

a) Transpast capital grants to exercise surplus

746

b) Donations and capital legacies transferred to exercise surplus

7951, 7952, 7955, 7956

11. Excess provisions

. Impairment and result by quiescing

(690), (691), (692), 790, 791, 792

a) Impairment and losses

b) Results by enajenations and other

A. 1) SURPLUS OF THE ACTIVITY (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)

 

13. Financial

a) Of shareholdings in heritage instruments

7600, 7601

1) On group and associated entities

7602, 7603

a2) On third parties

 

7610, 7611, 76200, 76201, 76210, 76211

b1) From group and associated entities

7612, 7613, 76202, 76203, 76212, 76213, 767, 769

b2) From third parties

14. Financial expenses

a) By debts to group entities and associated

b) For debts to third parties

 

(660)

c) Per update of provisions

15. Fair value variation in financial instruments

(6630), (6631), (6633), 7630, 7631, 7633

a) Trading Portfolio and others

b) Imputation to exercise surplus by financial assets available for sale

(668), 768

16. Change differences

. 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 OPERATIONS FINANCIAL (13 + 14 + 15 + 16 + 17)

A. 3) SURPLUS BEFORE TAX (A. 1 + A. 2)

6300 *, 6301 *, (633), 638

18. Benefits Taxes * *

4) Net worth variation recognized in exercise surplus (A. 3 + 18)

) Revenue and expenses directly imputed to the net worth

(800), (89), 900, 991, 992

1. Financial assets available for sale

(810), 910

2. Cash flow coverage operations

9420

3. Grants received

9421

4. Donations and Legacy Received.

(85), 95

5. Actuarial gains and losses and other adjustments.

(8300) *, 8301, (833), 834, 835, 838

6. Tax effect

1) Net equity change by income and expenses directly recognized in net worth (1 + 2 + 3 + 4 + 5 + 6)

C) Reclassifications to exercise surplus.

(802), 902, 993, 994

1. Financial assets available for sale

(812), 912

2. Cash flow coverage operations

(840), (8420)

3. Grants received

4. Donations and Legacy Received.

8301 *, (836), (837)

5. Tax effect

C. 1) Net equity change by reclassifications to exercise surplus (1 + 2 + 3 + 4 + 5)

) Net equity variations by income and expenses directly attributed to net worth (B. 1 + C. 1)

E) Adjustments by criteria

F) Adjustments to errors

G) Variations in the foundational endowment or social

H) Other Variations

I) TOTAL RESULT, HERITAGE VARIATION NET IN THE FINANCIAL YEAR (A. 4 + D + E + F + G + H)

* Your sign may be positive or negative

NORMAL MEMORY

MEMORY CONTENT

The memory notes below, complete, extend, and comment on the registration and assessment rules collected in this adaptation.

Non-profit entities shall compulsorily apply these notes, as well as those contained in the normal accounting model of the General Accounting Plan, except for information on discontinued and non-active transactions. streams and inajable groups of items held for sale, which will not result in them being applied.

1. Entity Activity

1. Without prejudice to the information to be included in note 13, 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 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. Group, multigroup and associated entities of this third party, 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. 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. Exercise surplus

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

2.2. 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

....... .

Application

Amount

A foundational endowment/social fund

special reservations

Table_table_izq"> A .........................

A negative surplus compensation from previous exercises

Total

..... .

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

3. Registration and valuation rules

In addition to the information requested in note 4 of the normal memory model of the General Accounting Plan, the accounting criteria applied for the following items shall be indicated:

1. Intangible fixed assets; indicating the criteria for determining the nature of non-cash-flow-generating assets, criteria used for capitalisation or activation, amortisation, valuation corrections for impairment and disposal of assets these goods.

2. Tangible fixed assets, indicating the criteria for determining the nature of assets of fixed assets not generating cash flows, criteria on depreciation, valuation corrections for impairment and reversal of the same, the costs of rehabilitation of the place where an asset is settled and the disposal of these assets.

3. 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.

4. Permutas; indicating the justification of the criterion applied in relation to non-cash-flow-generating assets.

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

6. Stocks; indicating the valuation criteria and in particular the ones followed by valuation corrections for impairment of non-cash flows.

7. Revenue and expenditure; indicating the general criteria applied to the entity's own revenue and expenditure. In particular, the costs of a multi-year character and criteria for temporary imputation.

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

4. Fixed assets

In addition to the information requested in note 5 of the normal memory model of the General Accounting Plan, it will be reported:

1. 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.

2. With respect to aggregate losses and reversions for which the information referred to in the preceding letter is not disclosed, the main classes of immobilized persons affected by the losses and reversions due to deterioration and major events and circumstances that have led to the recognition and reversal of such impairment valuation corrections.

3. Information on the properties transferred to the entity and on the assets transferred by the entity, 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.

4. Restrictions on the provision that exist in the holding with these goods and rights shall be reported.

5. Property of 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 substantive circumstances affecting the property of the Historical Heritage Site.

6. Users and other debtors of their own activity

Breakdown under item B. II 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.

7. Beneficiaries-Creditors

Breakdown under heading C. IV 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.

8. 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. This same information will be required for other contributions from founders, partners and third parties.

c) Specific considerations that affect reservations.

9. Stocks

In addition to the information requested in note 10 of the normal memory model of the General Accounting Plan, it will be reported:

1. 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.

2. 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.

10. Tax situation

In addition to the information requested in note 12 of the normal memory model of the General Accounting Plan, in relation to the tax benefit, the following information shall be reported:

(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.

11. Revenue and Expenses

1. Breakdown of item 2.a) of the income statement "Monetary aid", indicating the reintegrals produced and distinguishing by activities, and breakdown of item 2.b) "Non-monetary aid ".

2. Breakdown of item 5. "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 7.b) of the income statement "Social charges", distinguishing between contributions and endowments for pensions and other social charges.

In the case where the institution formulates the abbreviated results account, it shall include in this paragraph the breakdowns indicated above in relation to items 5. "Supplies" and 7. 'Staff expenses' of the abbreviated model of that account. Additionally, match 8 will 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'.

12. Mergers between non-profit entities and business combinations

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.

13. Activity of the entity. Application of heritage elements for their own purposes. Administration expenses

13.1. 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 (Fulfill as many tabs as activities have the Foundation)

A) Identification.

Denomination of Activity

Type of activity *

activity by sectors

Place 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

# 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

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

operating expenses

impairment and result by inmobiling

Expenses

deterioration and result by enajenations of instruments financial

Taxes

Subtotal

Acquisitions of Immobilized (except Goods Historical Heritage)

Heritage Acquisitions

-commercial debt cancellation

Subtotal resources

TOTAL

E) Objectives and indicators of the activity.

Indicator

Quantification

II. Total economic resources employed by the entity.

Expenses/Investments

Amortization Immobilized

Reasonable Value Variations in Financial Instruments

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

Other operating expenses

Impairment and result by alienation of quiesced

 

expenses

 

Impairment and Result by Financial Instruments Enajenations

 

Taxes

Subtotal expenses

Immobilized (except Historical Heritage) Acquisitions

 

Heritage Acquisitions

 

-commercial debt cancellation

Subtotal investments

TOTAL EMPLOYEE RESOURCES

 

III. Total economic resources obtained by the entity.

A. Income earned by the entity

Revenue

Preview

Realized

and service capabilities of your own activities

Revenue from business activities

Sector Grants

contributions

income types

TOTAL EARNED INCOME

B. Other economic resources obtained by the institution

Other Resources

financial obligations assumed

Preview

Realized

TOTAL OTHER RESOURCES OBTAINED

IV. Collaboration agreements with other entities

Description

Income

Expenses

No produces goods and services

Convention 1. With entity (X), subscribed for

Convention 2. With entity (Y), subscribed for

V. Deviations between 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.

13.2. 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.

N-1

Exercise

Accounting Result

Negative Adjusters

Positive Adjustments

Calculation Base

Earned Income

Resources for purposes (expenses + investments)

Application of the resources intended to meet your purposes *

N-4

N-3

N-2

N-1

N

Pending Amount

Amount

%

N-4

 

N-3

 

N-2

 

 

TOTAL

 

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 Will not 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.

* 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 one, and the excess will be computed as applied resources of the current exercise.

2. Resources applied in the exercise.

Amount

1. Purposes *

Own Funds

Grants, Donations, and Legacies

Debt

2. Purposes * (2.1 + 2.2)

2.1. Performed in the exercise

2.2. From previous exercises

a) Deures cancelled in exercise incurred in previous exercises

b) Imputation of grants, donations, and capital legacies from exercises previous

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.

(b) 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.

13.3. 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:

ADMINISTRATION EXPENSE DETAIL

No.

Results Account Item

Spending Detail

The imputation criterion to the wealth management function

Amount

TOTAL ADMINISTRATION EXPENSES .........

Additionally, the compliance of the limit to the amount of these expenses will be reported, in the following table:

ADMINISTRATION EXPENSES

Exercise

Alternative Limits (Art. 33 Regulation R.D. 1337/2005)

Expenses directly incurred by wealth management (3)

Liabilities to employers (4)

TOTAL ACCRUAL CATS IN EXERCISE

(5) = (3) + (4)

Supera (+) Does not exceed (-) the limit maximum

(greater than 1

and 2) -5

5% of own funds (1)

20% of the basis of calculation of Art. 27 Act 50/2004 and Art. 32.1 Regulation R. D. 1337/05 (2)

 

14. Related party operations

In addition to the information requested in note 23 of the normal memory model of the General Accounting Plan, it will be reported:

1. 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.

2. 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.

15. 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.

16. 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 FLOWS STATUS FOR THE YEAR ENDED ... OF 200X

j) Reasonable value change in instruments financial (+ /-).

NOTES

200X

200X-1

A) CASH FLOWS FROM OPERATING ACTIVITIES

. Surplus from pre-tax exercise

2. Result adjustments

b) Impairment Valuation (+ /-) Corrections.

c) Provisions change (+ /-).

) Subsidy grants, donations, and legacies (-)

e) Results from low and fixed inmobilations (+ /-).

f) Results by low and enajenations of financial instruments (+ /-).

g) Financial Revenue (-)

 

h) Financial expenses (+).

i) Change (+ /-).

k) Other revenue and expense (-/+).

. Changes in current capital

a) Existences (+ /-).

) Other Current Assets (+ /-).

d) Creditors and other accounts payable (+ /-).

e) Other Current Liabilities (+ /-).

f) Other non-current assets and liabilities (+ /-).

. Other cash flows from operating activities

) Interest payments (-).

b) Dividend cobros (+).

c) Interest (+).

 

d) Benefits Tax (+ /-).

) Other payments (charges) (-/+)

. Cash flows from operating activities (+/-1 + /-2 + /-3 + /-4)

) CASH FLOWS FROM INVESTMENT ACTIVITIES

6. Payments for investments (-)

b) Intangible fixed assets.

c) Immobilized material.

d) Historical Heritage Assets.

f) Other financial assets.

g) Non-current assets held for sale.

) Other assets.

. Charges for Disinvestments (+).

b) Intangible fixed assets.

c) Immobilized material.

d) Historical Heritage Assets.

f) Other financial assets.

g) Non-current assets held for sale.

) Other assets.

. Cash flows from investment activities (7-6)

) CASH FLOWS FROM

ACTIVITIES

. Collections and payments for heritage operations

a) Contributions to the foundational endowment or social fund.

) Social fund decreases.

c) Grants, donations, and legacies received (+).

. Charges and payments for financial liability instruments

) Issue

1. Obligations and other negotiable values (+).

2. Debts to credit institutions (+).

3. Debts to group entities and associates (+).

4. Other debts (+).

b) Return and amortization of

1. Obligations and other negotiable (-) values.

2. Debts to credit institutions (-)

3. Debts to entities in the group and associated (-).

4. Other debts (-)

11. Cash flows from financing activities (+ /-9 + /-10)

D) Effect of change

E) NET INCREASE/DECREASE IN CASH OR EQUIVALENTS (+ /-5 + /-8 + /-11 +/-D)

or equivalent at the beginning of the exercise.

 

Cash or equivalent at the end of the exercise.

16. 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.

ABBREVIATED ANNUAL ACCOUNT MODELS

SHORT BALANCE SHEET AT END OF YEAR 200X

ACCOUNTS

ACTIVE

MEMORY NOTES

200X

200X-1

A) ACTIVE NOT

20, (280), (2830), (290)

I. Intangible fixed

240, 241, 242, 243, 244, 249, (299)

II. Historical Heritage

21, (281), (2831), (291), 23

III. Immobilized material

22, (282), (2832), (292)

IV. Real Estate

2503, 2504, 2513, 2514, 2523, 2524, (2593), (2594), (293), (2943), (2944), (2953), (2954)

V. Investments in group entities and long-term

2505, 2515, 2525, (2595), 260, 261, 262, 263, 264, 265, 267, 268, (269), 27, (2945), (2955), (297), (298)

VI. Long-term financial

474

. Deferred tax assets ( )

B) CURRENT

30, 31, 32, 33, 34, 35, 36, (39), 407

I. Stocks

447, 448, (495)

II. 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

III. Commercial debtors and other accounts

5303, 5304, 5313, 5314, 5323, 5324, 5333, 5334, 5343, 5344, 5353, 5354, (5393), (5394), 5523, 5524, (593), (5943), (5944), (5953), (5954)

IV. Investments in group entities and short-term

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)

V. Short-term financial

480, 567

VI. Short term

57

. Cash and other equivalent liquid

TOTAL ACTIVE (A + B)

A-1) Own

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

129

IV. Exercise

133, 1340, 137

A-2) Adjustments for value changes ( )

130, 131, 132

A-3) Grants, donations, and legacies received

B) NON-CURRENT PASSIVE

. Long-term

. Long-term

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

479

IV. Deferred tax liabilities (R&C)

181

Long term

) PASSIVE STREAM

, 529

I. Short-term

. Short term

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, 5530, 5532, 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

III. Debt to group entities and short-term

412

IV. Beneficiaries-Creditors

Commercial creditors and other accounts

400, 401, 403, 404, 405, (406)

1. Suppliers

410, 411, 419, 438, 465, 466, 475, 476, 477

2. Other creditors

485, 568

VI. Short term

NET AND PASSIVE EQUITY (A + B + C)

 

The entities that choose to apply the registration and valuation criteria included in the second part of the General Plan for Small and Medium Enterprises Accounting (PGC SMBs), approved by RD 1515/2007 of 16 November, draw up their balance sheet and results in the form of abbreviated models, with the exception of items bearing the sign (s) which are not applicable in PGC SMEs. Institutions that choose to apply the approved criteria for micro-entities shall also not collect the item marked with the sign (s).

ABBREVIATED RESULTS ACCOUNT FOR THE FINISHED EXERCISE ON .... OF 200X

ACCOUNTS

721

(651)

(658)

7951, 7952, 7955, 7956

NOTE

(Must) Haber

200X

200X-1

A) Exercise Surplus

. Revenue from your own activity

720

a) Partner and affiliate quotas

721

722, 723

c) Revenue from promotions, sponsors, and collaborations

740, 747, 748

d) Grants, donations, and legacies imputed to exercise surplus

728

e) Refull of aids and assignments

. Expenses for Aids and

) 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

3.

4. Jobs performed by the entity for your

(600), (601), (602), 6060, 6061, 6062, 6080, 6081, 6082, 6090, 6091, 6092, 610 *, 611 *, 612 *, (607), (6931), (6932), (6933), 7931, 7932, 7933

5.

75

6. Other activity

(640), (641), (642), (643), (644), (649), 7950

7. Staff

8. Other activity

9. Amortization of the quiesced

745, 746

10. Grants, donations and capital legacies transferred to exercise

11. Excess provisions

. Impairment and result by quiescing

A. 1) EXCESS ACTIVITY (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 + 10 + 11 + 12)

760, 761, 762, 767, 769

13. Financial

. Financial expenses

15. Fair value variation in financial instruments

(668), 768

16. Change

(666), (667), (673), (675), (696), (697), (698), (699), 766, 773, 775, 796, 797, 798, 799

. Deterioration and result by financial instrument enajenations

A. 2) EXCESS FINANCIAL OPERATIONS (13 + 14 + 15 + 16 + 17)

A. 3) SURPLUS BEFORE TAX (A. 1 + A. 2)

(6300 *), 6301 *, (633), 638

18. Benefits

4) Net worth variation recognized in exercise surplus (A. 3 + 18)

) Revenue and expenses directly imputed to net worth * *.

940, 9420

1. Grants received

941, 9421

2. Donations and Legacy Received.

3. Other revenue and expense

4. Tax effect

1) Net equity change by income and expenses directly recognized in net worth (1 + 2 + 3 + 4)

C) Reclassifications to exercise surplus.

(840), (8420)

1. Grants received

2. Donations and Legacy 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)

) Net equity variations by income and expenses directly attributed to net worth (B. 1 + C. 1) **

E) Adjustments by criteria

F) Adjustments to errors

G) Variations in the foundational endowment or social

H) Other Variations

I) TOTAL RESULT, HERITAGE VARIATION NET IN THE FINANCIAL YEAR (A. 4 + D + E + F + G + H)

* Your sign may be positive or negative

** Where appropriate, to calculate this balance, the entities that choose to apply the registration and valuation criteria included in the second part of the General Plan of Small and Medium Enterprises Accounting (PGC SMBs), approved by RD 1515/2007 of 16 November must identify the increases (income and transfer of losses) and decreases (expenditure and transfers of profits) in the net worth arising from the various transactions entered into subgroup 13.

ABBREVIATED MEMORY

MEMORY CONTENT

The memory notes below, complete, extend, and comment on the registration and assessment rules collected in this adaptation.

Non-profit entities must compulsorily apply these notes, as well as those contained in the short memory model of the General Accounting Plan, or, where appropriate, of the memory included in the General Plan of Accounting for Small and Medium Enterprises, other than information on non-current assets and the disposal groups of items held for sale, which will not result in them being applied.

1. Entity Activity

1. Without prejudice to the information to be included in note 11, 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.

When the entity is not the most active entity in the group of entities in the group in the terms indicated in the preceding paragraph, it shall indicate the Register where the annual accounts of the entity containing the information are deposited. required at the previous point.

3. 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. Exercise surplus

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

2.2. 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

..........

Application

Amount

A foundational endowment/social fund

special reservations

Table_table_izq"> A ......................................................

A compensation for negative surplus of exercises previous

Total

..........

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

3. Registration and valuation rules

In addition to the information requested in note 4 of the short model of memory of the General Accounting Plan, or, if applicable, of the memory included in the General Plan of Accounting for Small and Medium Enterprises, they will be indicated the accounting criteria applied for the following items:

1. Intangible fixed assets; indicating the criteria for determining the nature of non-cash-flow-generating assets, criteria used for capitalisation or activation, amortisation, valuation corrections for impairment and disposal of assets these goods.

2. Tangible fixed assets, indicating the criteria for determining the nature of assets of fixed assets not generating cash flows, criteria on depreciation, valuation corrections for impairment and reversal of the same, the costs of rehabilitation of the place where an asset is settled and the disposal of these assets.

3. 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.

4. Permutas; indicating the justification of the criterion applied in relation to non-cash-flow-generating assets.

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

6. Stocks; indicating the valuation criteria and in particular the ones followed by valuation corrections for impairment of non-cash flows.

7. Revenue and expenditure; indicating the general criteria applied to the entity's own revenue and expenditure. In particular, the costs of a multi-year character and criteria for temporary imputation.

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

4. Tangible and intangible fixed assets

In addition to the information requested in note 5 of the short model of memory of the General Accounting Plan, or, where appropriate, of the memory included in the General Plan of Accounting for Small and Medium Enterprises, report:

1. 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:

-Nature of the immobilized.

-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.

2. With respect to aggregate losses and reversions for which the information referred to in the preceding letter is not disclosed, the main classes of immobilized persons affected by the losses and reversions due to deterioration and major events and circumstances that have led to the recognition and reversal of such impairment valuation corrections.

3. 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.

4. The restrictions on the provision that exist in relation to these goods and rights shall be reported.

5. Property of 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 substantive circumstances affecting the property of the Historical Heritage Site.

6. Users and other debtors of their own activity

Breakdown under item B. II 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.

7. Beneficiaries-Creditors

Breakdown under heading C. IV 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.

8. 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.

9. Tax situation

In addition to the information requested in note 9 of the short model of memory of the General Accounting Plan, or, where appropriate, of the memory included in the General Plan of Accounting for Small and Medium Enterprises, in relation to with the tax benefit, will be reported on:

(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.

10. Revenue and Expenses

Reports on:

1. Breakdown of item 2.a) of the income statement "Monetary aid", indicating the reintegrals produced and distinguishing by activities, and breakdown of item 2.b) "Non-monetary aid ".

2. Breakdown of item 5. "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 7. 'Staff expenses' of the income statement distinguishing contributions and endowments for pensions and other social charges.

3. Breakdown of item 8. '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".

11. Activity of the entity. Application of heritage elements for their own purposes. Administration expenses

11.1. 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 (Fulfill 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

# 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

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

Acquisitions of Immobilized (except Goods Historical Heritage)

Heritage Acquisitions

-commercial debt cancellation

Subtotal resources

TOTAL

E) Objectives and indicators of the activity.

Indicator

Quantification

II. Total economic resources employed by the entity.

Expenses/Investments

Activity Expenses

Amortization Immobilized

Reasonable Value Variations in Financial Instruments

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

Subtotal expenses

Immobilized (except Historical Heritage) Acquisitions

 

Heritage Acquisitions

 

-commercial debt cancellation

Subtotal investments

TOTAL EMPLOYEE RESOURCES

 

III. Total economic resources obtained by the entity.

A. Income earned by the entity

Revenue

Preview

Realized

and service capabilities of your own activities

Revenue from business activities

Sector Grants

contributions

income types

TOTAL EARNED INCOME

B. Other economic resources obtained by the institution

Other Resources

financial obligations assumed

Preview

Realized

TOTAL OTHER RESOURCES OBTAINED

IV. Collaboration agreements with other entities

Description

Income

Expenses

No produces goods and services

Convention 1. With entity (X), subscribed for

Convention 2. With entity (Y), subscribed for

V. Deviations between 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.

11.2. 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.

N-1

Exercise

Accounting Result

Negative Adjusters

Positive Adjustments

Calculation Base

Earned Income

Resources for purposes (expenses + investment9

Application of the resources intended to meet your purposes *

N-4

N-3

N-2

N-1

N

Pending Amount

Amount

%

N-4

 

N-3

 

N-2

 

 

TOTAL

 

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.

* 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 one, and the excess will be computed as applied resources of the current exercise.

2. Resources applied in the exercise.

Amount

1. Purposes *

Own Funds

Grants, Donations, and Legacies

Debt

2. Purposes * (2.1 + 2.2)

2.1. Performed in the exercise

2.2. From previous exercises

a) Deures cancelled in exercise incurred in previous exercises

b) Imputation of grants, donations, and capital legacies from exercises previous

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.

11.3. 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:

ADMINISTRATION EXPENSE DETAIL

ADMINISTRATION EXPENSES .........

No.

Results Account Item

Spending Detail

The imputation criterion to the wealth management function

Amount

Additionally, the compliance of the limit to the amount of these expenses will be reported, in the following table:

ADMINISTRATION EXPENSES

Exercise

Alternative Limits (Art. 33 Regulation R.D. 1337/2005)

Expenses directly incurred by wealth management (3)

Liabilities to employers (4)

TOTAL ACCRUAL CATS IN EXERCISE (5) = (3) + (4)

Supera (+) Does not exceed (-) the maximum limit (greater than 1 and 2) -5

5% of own funds (1)

20% of the Art. 27 Law 50/2004 and Art. 32.1 Regulation R. D. 1337/05 (2)

12. Related party operations

In addition to the information requested in note 12 of the abbreviated model of memory of the General Accounting Plan, or, if applicable, of the memory included in the General Plan of Accounting for Small and Medium Enterprises, report:

1. 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.

2. 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.

13. Other information

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.

14. 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.

SIMPLIFIED MEMORY

MEMORY CONTENT

1. Entity Activity

Without prejudice to the information to be included in note 12, 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 the business, shall be described in a succinct manner. legal form of the entity, and the place where it develops the activities if it is different from the registered office.

2. Annual accounts presentation bases

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 with the activities of the same.

(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. 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. Exercise surplus

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

3.2 Information on the accounting application proposal of the surplus for the financial year, according to the following scheme:

Supporting Base

Amount

Surplus

Remover

volunteers

Other free disposition reservations

Total

..........

Application

Amount

A foundational endowment/social fund

special reservations

offset negative surplus from previous exercises

.........

3.3. 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 for determining the nature of non-cash flow generating assets, those used for capitalisation or activation, amortisation and valuation corrections for impairment, as well as for the disposal of these assets.

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

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 rehabilitation costs 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 particular, the following criteria shall be indicated for the accounting of non-cash-flow-generating 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 dismantling 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 institution for these bines, 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 its application.

7. Financial assets and financial liabilities; shall be indicated:

a. Criteria used for the rating and valuation of the different categories of financial assets and financial liabilities.

b. 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 reduction 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.

c. Criteria used for the registration of financial assets and financial liabilities.

d. 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.

e. The criteria used in determining the revenue or expenditure arising from the various categories of financial assets and liabilities: interest, premiums or discounts, dividends, etc.

8. Credits and debits for own activity; indicating the valuation criteria applied.

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

10. Foreign currency transactions.

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

12. 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.

13. 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.

14. Criteria used for the registration and assessment of personnel costs.

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

16. Criteria used in related party transactions.

5. Tangible, intangible and real estate assets

1. 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 any significant item, by its nature or amount, the relevant additional information shall be provided. In particular, the restrictions on the provision that exist in relation to these goods and rights shall be reported.

The properties transferred to the entity and the ceded by the entity will be reported, specifying the terms of the respective disposals.

2. Financial leases and other operations of a similar nature on non-current assets. In particular, the fair value or the spot value of the asset calculated at the start of the lease and its estimated life, the fees paid, the outstanding debt and the amount by which the option of the lease could be exercised shall be indicated. purchase if any. The information on the quotas should be provided by differentiating the part corresponding to the recovery of the cost of the good and the financial burden. To this end, the following information must be completed for each lease agreement:

...

n

Lease agreement quota

Pending Commitments

Recovery

Financial Load

6. Property belonging to the Historical Heritage

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. The properties transferred to the entity and over the ceded by it, specifying the terms of the respective disposals.

10. Any other substantive circumstances affecting the property of the Historical Heritage Site.

7. Financial liabilities

Reports on:

(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 particulars shall be shown separately for each of the headings and items relating to debts, in accordance with the balance sheet model.

(b) The amount of the debts with collateral, with an indication of their 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.

(d) For loans outstanding at the end of the financial year, the following shall be

:

-Details of any default of principal or interest that occurred during the financial year.

-The value in books at the date of the closing of the exercise of those loans in which a default default would have occurred.

-If the default has been remedied or the loan conditions have been renegotiated, before the date of formulation of the annual accounts.

8. Users and other debtors of their own activity

Breakdown under item B. II 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.

9. Beneficiaries-Creditors

Breakdown under heading C. IV. of the liabilities of the balance sheet "Beneficiaries-Creditors", indicating the movement during the financial year and indicating the initial rate, 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.

10. Tax situation

10.1. Tax on profits. Reports on:

(a) The tax regime applicable to the entity. In particular, information on the share of income and results to be incorporated as a tax base for corporate tax purposes will be provided.

(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.

(c) Differences between the tax base of the tax and the accounting result before tax due to the different rating of income, expenses, assets and liabilities.

d) Negative taxable bases pending tax compensation, terms and conditions.

e) Tax incentives applied in the financial year and the remaining to be deducted, as well as the commitments made in relation to these incentives.

f) Any other substantive circumstances in relation to the tax situation.

10.2. 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.

11. Grants, donations and legacies

Reports on:

1. The amount and characteristics of the grants, donations and legacies received which appear on the balance sheet, as well as those charged to the surplus for the financial year.

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.

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.

12. Activity of the entity. Application of heritage elements for their own purposes. Administration expenses

12.1. 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 (Fulfill 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

# 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

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

Acquisitions of Immobilized (except Goods Historical Heritage)

Heritage Acquisitions

-commercial debt cancellation

Subtotal resources

TOTAL

E) Objectives and indicators of the activity.

Indicator

Quantification

II. Total economic resources employed by the entity.

Expenses/Investments

Activity Expenses

Amortization Immobilized

Reasonable Value Variations in Financial Instruments

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

Subtotal expenses

Immobilized (except Historical Heritage) Acquisitions

 

Heritage Acquisitions

 

-commercial debt cancellation

Subtotal investments

TOTAL EMPLOYEE RESOURCES

 

III. Total economic resources obtained by the entity.

A. Income earned by the entity

Revenue

Preview

Realized

and service capabilities of your own activities

Revenue from business activities

Sector Grants

contributions

income types

TOTAL EARNED INCOME

B. Other economic resources obtained by the institution

Other Resources

financial obligations assumed

Preview

Realized

TOTAL OTHER RESOURCES OBTAINED

IV. Collaboration agreements with other entities

Description

Income

Expenses

No produces goods and services

Convention 1. With entity (X), subscribed for

Convention 2. With entity (Y), subscribed for

V. Deviations between 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.

12.2. 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.

N-1

Exercise

Accounting Result

Negative Adjusters

Positive Adjustments

Calculation Base

Earned Income

Resources for purposes (expenses + investments

Application of the resources intended to meet your purposes *

N-4

N-3

N-2

N-1

N

Pending amount

Amount

%

N-4

 

N-3

 

N-2

 

 

TOTAL

 

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.

* 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 one, and the excess will be computed as applied resources of the current exercise.

2. Resources applied in the exercise.

Amount

1. Purposes *

Own Funds

Grants, Donations, and Legacies

Debt

2. Purposes * (2.1 + 2.2)

2.1. Performed in the exercise

2.2. From previous exercises

a) Deures cancelled in exercise incurred in previous exercises

b) Imputation of grants, donations, and capital legacies from exercises previous

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.

12.3. 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:

ADMINISTRATION EXPENSE DETAIL

ADMINISTRATION EXPENSES .........

No.

Results Account Item

Spending Detail

The imputation criterion to the wealth management function

Amount

Additionally, the compliance of the limit to the amount of these expenses will be reported, in the following table:

ADMINISTRATION EXPENSES

Exercise

Alternative Limits (Art. 33 Regulation R.D. 1337/2005)

Expenses directly incurred by wealth management (3)

Liabilities to employers (4)

TOTAL ACCRUAL CATS IN EXERCISE

(5) = (3) + (4)

Supera (+) Does not exceed (-) the limit maximum

(greater than 1

and 2) -5

5% of own funds (1)

20% of the basis of calculation of Art. 27 Act 50/2004 and Art. 32.1 Regulation R. D. 1337/05 (2)

 

13. Other information

Information about:

1. The amount of the salaries, allowances and remuneration of any class accrued in the course of the financial year by the members of the governing body, whatever their cause, as well as the obligations incurred in respect of pensions or payments insurance premiums in respect of the former and current members of the governing body. 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. This information may be given in a comprehensive way by way of remuneration.

The amount of advances and credits granted to members of the governing bodies, with an indication of the interest rate, their essential characteristics and the amounts eventually returned, should also be reported. 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.

2. Changes in the governing body, address and representation.

3. The average number of persons employed in the course of the financial year, expressed by category and sex.

4. 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.

5. The percentage of participation that they maintain in business entities.

6. The significant transactions it has carried out with related parties and the effects thereof on their financial statements.

14. 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 BOX

The table of accounts, which is included below, may be used to account for the facts and transactions regulated in the second part.

To recognize the other operations not covered by this adaptation, the non-profit entities may apply the accounts collected in the fourth part of the General Accounting Plan, or, where appropriate, of the General Plan of Small and Medium Business Accounting.

GROUP 1

BASIC FINANCING

10. CAPITAL

100. Foundational endowment.

101. Social Fund

103. Founders/associates by non-required disbursements

1030. Founders, for unrequired disbursements

1034. Associated, by non-required disbursements

104. Founders/associates by outstanding non-cash contributions

1040. Founders, for outstanding non-cash contributions

1044. Associated with outstanding non-cash contributions

12. SURPLUS PENDING IMPLEMENTATION

120. Remaining

121. Negative surplus from previous years

129. Surplus for the year

13. GRANTS, DONATIONS, LEGACIES AND OTHER ADJUSTMENTS FOR VALUE CHANGES

For this subgroup, the accounts collected in the General Accounting Plan, or, where applicable, the General Plan for Small and Medium Business Accounting, are applicable with the following details:

Accounts 130 and 132 are broken down into four-digit accounts:

130. Official capital grants

1300. State grants

1301. Grants from other public administrations

132. Other grants, donations and legacies

1320. Other grants

1321. Other donations and legacies.

Grants, donations and legacies affected by the business activity will be shown in these accounts with the appropriate breakdown.

GROUP 2

ACTIVE NOT CURRENT

20. INTANGIBLE FIXED ASSETS

207. Rights to assets that are in use.

24. ASSETS OF HISTORICAL HERITAGE

240. Real Estate

2400. Monuments

2401. Historic gardens

2402. Historical Sets

2403. Historical sites

2404. Archaeological areas

241. Files

242. Libraries

243. Museums

244. Movable property

249. Advances on property of the Historical Heritage

2490. Advances on real estate of the 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

28. CUMULATIVE DEPRECIATION OF FIXED ASSETS AND OTHER CORRECTIVE ACCOUNTS

280. Cumulative depreciation of intangible fixed assets

2807. Cumulative amortization of rights to assets transferred in use

283. Disposals of use 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

2907. Impairment of rights value over assets ceded in use

299. Deterioration of the value of property of the Historical Heritage

2990. Impairment of real estate value

2991. File Value Impairment

2992. Library Value Impairment

2993. Museum Value Impairment

2994. Impairment of the value of movable property

GROUP 3

STOCKS

For this group, the accounts collected in the General Accounting Plan, or, where appropriate, the General Plan for Small and Medium Business Accounting, are applicable with the following details:

-Subgroup 30 is renamed ASSETS DESTINED FOR THE ACTIVITY.

-The 390 account becomes known as "Impairment of asset value for the activity".

GROUP 4

CREDITORS AND DEBTORS FOR OPERATIONS OF THE ACTIVITY

41. MISCELLANEOUS BENEFICIARIES AND CREDITORS

412. Beneficiaries, creditors

44. MISCELLANEOUS USERS AND DEBTORS

447. Users, debtors

448. Sponsors, affiliates and other debtors

4480. Sponsors

4482. Affiliates

4489. Other debtors

46. PERSONAL

464. Deliveries for expenses to be justified

46. GENERAL GOVERNMENT

470. Public Finance, debtor for various concepts

4707. Hacienda Pública, debtor for collaboration in the delivery and distribution of grants (art. 12 Grant Act)

475. Public Finance, creditor by tax concepts

4757. Public Finance, creditor for grants received as a contributing entity (art.12 Grant Act))

49. IMPAIRMENT OF CREDIT VALUE FOR OPERATIONS OF ACTIVITY AND SHORT-TERM PROVISIONS

For this subgroup, the accounts collected in the General Accounting Plan, or, where appropriate, in the General Plan of Accounting for Small and Medium Enterprises with the following accuracy, are applicable: account 490 passes to The term "impairment of credit value by transactions in the activity", account 493 is referred to as "Impairment of credit value for transactions of the activity with related parties" and account 499 is referred to as " Provisions by operations of the activity ".

Add the 495 account. "Impairment of credit value of users, sponsors, affiliates and other debtors"

GROUP 5

FINANCIAL ACCOUNTS

55. OTHER NON-BANK ACCOUNTS

551. Current account with employers and others

558. Founders and partners for required disbursements

GROUP 6

PURCHASES AND EXPENSES

60. BUY

The accounts 600, 6060, 6080, and 6090 are renamed:

600. Purchases of goods destined for the activity

6060. Discounts on purchases for soon payment of goods destined for the activity

6080. Returns on purchases of goods destined for the activity

6090. "Rappels" for purchases of goods destined for the activity

61. STOCK VARIATION

The 610 account is renamed:

610. Change in stocks of goods for the activity

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. Loss of non-performing loans arising from the activity

656. Common operations results

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

67. LOSSES FROM NON-CURRENT ASSETS AND EXCEPTIONAL EXPENSES

Account 671 is renamed:

671. Losses arising from tangible assets and assets of the Historical Heritage Site

69. IMPAIRMENT LOSSES AND OTHER ENDOWMENTS

Account 691, 694, and 695 are renamed:

691. Losses due to impairment of material and property assets of the Historical Heritage

6910. Impairment losses on tangible fixed assets

6911. Losses from the deterioration of property of the Historical Heritage

694. Impairment losses from operations of the activity

695. Provision for the provision by operations of the activity

GROUP 7

SALES AND REVENUE

72. THE ENTITY ' S OWN REVENUE

720. Membership and affiliate quotas

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

74. GRANTS, DONATIONS AND LEGACIES

740. Grants to the activity

745. Capital grants transferred to the surplus of the year

746. Donations and capital legacies transferred to the exercise surplus

747. Donations and legacies transferred to the exercise surplus

748. Other grants transferred to the exercise surplus

Grants, donations and legacies affected by the business activity will be shown in these accounts with the appropriate breakdown.

77. BENEFITS FROM NON-CURRENT ASSETS AND EXCEPTIONAL INCOME

771. Profits from tangible fixed assets and assets of historic heritage

79. EXCESS AND APPLICATION OF PROVISIONS AND IMPAIRMENT LOSSES

Accounts 791 and 794 are renamed:

791. Reversal of the deterioration of the material and property assets of the Historical Heritage

794. Reversal of impairment of credit by operations of the activity

GROUP 8

EXPENSES CHARGED TO EQUITY

84. TRANSFERS OF GRANTS, DONATIONS AND LEGACIES

For this subgroup the accounts collected in the General Accounting Plan are applicable, with the following details:

Account 842 breaks down into four-digit accounts:

842. Transfers of other grants, donations and legacies

8420. Transfers of other grants

8421. Transfers of other donations and legacies

GROUP 9

REVENUE CHARGED TO EQUITY

94. INCOME FROM GRANTS, DONATIONS AND LEGACIES

For this subgroup the accounts collected in the General Accounting Plan are applicable, with the following details:

Account 942 breaks down into four-digit accounts:

942. Income from other grants, donations and legacies

9420. Revenue from other grants

9421. Income from other donations and legacies

PART QUINTA

ACCOUNTING DEFINITIONS AND RELATIONSHIPS

The accounting definitions and relationships, which are included below, may be used to account for the facts and transactions regulated in the second part.

To recognize the other operations not covered by this adaptation, the non-profit entities may apply the accounts collected in the fourth part of the General Accounting Plan, or, where appropriate, of the General Plan of Small and Medium Business Accounting.

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.

The rules contained in the General Accounting Plan, or, where applicable, the General Accounting Plan for Small and Medium Enterprises, will apply.

10. CAPITAL

100. Foundational endowment

101. Social Fund

103. Founders/associates by non-required disbursements

104. Founders/associates by 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 foundational contributions and surpluses to increase the 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 non-required disbursements

Foundation endowment or social fund to be disbursed 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 by 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) It shall be paid as the disbursements are required, with the charge of the non-cash assets provided.

12. SURPLUS PENDING IMPLEMENTATION

120. Remaining

121. Negative surplus from previous years

129. Surplus for the year

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. Remaining

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 surplus 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. Surplus for the year

Positive or negative surplus, last year closed, pending application. His movement 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 result, with credit to the corresponding accounts.

GROUP 2

ACTIVE NOT CURRENT

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.

The rules contained in the General Accounting Plan, or, where applicable, the General Accounting Plan for Small and Medium Enterprises, will apply.

20. INTANGIBLE FIXED ASSETS

207. Rights to assets transferred in use

207. Rights to assets transferred 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 Standard of Registration and Eighth Assessment included in the second part of this Adaptation.

24. ASSETS OF HISTORICAL HERITAGE

240. Real Estate

2400 Monuments

2401 Historical Gardens

2402 Historical Sets

2403 Historical Sites

2404 Archaeological Zones

241. Files

242. Libraries

243. Museums

244. Movable property

249. Advances on property of the Historical Heritage

2490. Advances on real estate of the 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

The ones listed in Article 334 of the Civil Code, as well as the elements that may be considered to be of use with the buildings and form part of them or their exorno, or have been formed, although in the case of being able to be 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 set 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 concept "on account" of future supplies.

Your move is as follows:

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.

28. CUMULATIVE DEPRECIATION OF FIXED ASSETS AND OTHER CORRECTIVE ACCOUNTS

283. Disposals of use 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

This subgroup collects, the value corrections of the immobilized elements derived from the disposals of use without consideration or for a consideration lower than the market value.

283. Disposals of use 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 to the good, 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

299. Deterioration of the value of property of the Historical Heritage

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) They shall be paid for the amount of the estimated impairment, charged to account 691.

b) They will be loaded:

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 4

CREDITORS AND DEBTORS FOR OPERATIONS OF THE ACTIVITY

Financial instruments and accounts that have their origin in the activities of the institution, both the business and the business activity, as well as the accounts with the public authorities, including those corresponding 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.

The rules contained in the General Accounting Plan, or, where applicable, the General Accounting Plan for Small and Medium Enterprises, will apply.

41. MISCELLANEOUS BENEFICIARIES AND CREDITORS

412. Beneficiaries, creditors

When creditors are entities of the group, multigroup or associated, or other related parties, four-digit accounts shall be opened that specifically collect debits with the same, including those that are formalized for the purposes of spin.

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.

44. MISCELLANEOUS USERS AND DEBTORS

447. Users, debtors

448. Sponsors, affiliates and other debtors

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.

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.

46. PERSONAL

464. Deliveries for expenses to be justified

Balance 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.

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.

47. GENERAL GOVERNMENT

470. Public Finance, debtor for various concepts

4707. Hacienda Pública, debtor for collaboration in the delivery and distribution of grants (art. 12 Grant Act)

475. Public Finance, creditor by tax concepts

4757. Public Finance by grants received as a contributing entity (art.12 Grant Act)

4707. Hacienda Pública, debtor for collaboration in the delivery and distribution of grants (art. 12 Grant Act)

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.

4757. Hacienda Pública, a creditor for grants received as a contributing entity (art. 12 of the Grant Act)

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 the accounts of subgroup 57.

49. DETERIORATION OF VALUE BY OPERATIONS OF ACTIVITY AND SHORT-TERM PROVISIONS

495. Impairment of credit value by users, sponsors, affiliates and other debtors

495. Impairment of credit value by 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.

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.

The rules contained in the General Accounting Plan, or, where applicable, the General Accounting Plan for Small and Medium Enterprises, will apply.

55. OTHER NON-BANK ACCOUNTS

551. Current account with employers and others.

558. Founders and partners for required disbursements

551. Current account with employers and others

Current cash accounts 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.

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.

GROUP 6

PURCHASES AND EXPENSES

Expenses that have their origin in the entity's own activity, the variation of acquired stocks and the extraordinary losses of the financial year, as well as supplies of goods destined for the activity and other goods acquired by the entity for delivery, either without altering its form and substance, or subject to industrial 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.

If the entity is implementing the General Accounting Plan for Small and Medium Enterprises, the references that the account definitions themselves make to accounts 204 and 599, will not apply to them.

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. Loss of non-performing loans arising from the activity

656. Common operations results

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 fulfillment of the entity's own activity, 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 carried out in compliance with the institution'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 fair value of the right of use, with credit to the account 283 compensator of the asset. If the transfer occurs in perpetuity, or for a period equal to or greater than its useful life, it shall be charged for the fair value of the asset. In both cases, the corresponding result may be originated.

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. Loss 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. Common operations results

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. Supported Loss

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.

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.

72. THE ENTITY ' S OWN REVENUE

720. Membership and affiliate quotas

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

Revenue earned from the entity's own activity.

720. Membership and affiliate quotas

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 group 44 or 57 accounts.

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 evolution.

It will be paid for the amount of the income, from the accounts of the subgroups 41 or 57.

79. EXCESS AND APPLICATION OF PROVISIONS AND IMPAIRMENT LOSSES

791. Reversal of the deterioration of the material and property assets of the Historical Heritage

ANNEX II

Action plan of non-profit entities.

State competition foundations should draw up an action plan in which the objectives and activities to be developed during the following financial year are reflected.

The action plan shall contain information on each of the activities and the business activities, the estimated costs for each of them and the revenue and other resources provided, as well as any other an indicator to check the degree of performance of each activity or the degree of achievement of the objectives in the memory.

1. ACTIVITIES OF THE ENTITY

ACTIVITY 1 (Fulfill as many tabs as activities have the Foundation)

A) Identification.

Denomination of Activity

Type of activity *

activity by sectors

Place 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

# hours/year

Preview

Preview

Staff

with Service Contract

staff

C) Beneficiaries or users of the activity.

Type

Number

Physical people

persons

D) Economic resources used in the activity.

Target

Indicator

Quantification

2. FORECAST OF ECONOMIC RESOURCES TO BE USED BY THE ENTITY

Expenses/Investments

Activity Expenses

Amortization Immobilized

Reasonable Value Variations in Financial Instruments

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

Subtotal expenses

Immobilized (except Historical Heritage) Acquisitions

 

Heritage Acquisitions

 

-commercial debt cancellation

Subtotal investments

TOTAL EMPLOYEE RESOURCES

 

3. Forecast of total economic resources obtained by the entity.

3.1. Forecast of income earned by the entity

Revenue

Other income types

Total

Rents and other derived revenue from the heritage

Sales and service capabilities of your own activities

revenue from business activities

Sector Grants

EARNED REVENUE

 

3.2 Forecast of other economic resources obtained by the entity

Other Resources

Total Amount

Debts Back

Other assumed financial obligations

TOTAL OTHER OBTAINED RESOURCES