7,4,2,2. Gross income

All income derived from the exercise of the activity that may come from:

1. Operating income

   Operating income is the amount of compensation obtained from the sale of goods and the provision of services that constitute the object of the activity, including those from services ancillary to the main activity.

2. Financial income derived from the deferral or fractionation of operations carried out in the development of the activity.

   The compensation obtained by the taxpayer for the deferral or fractionation of the price of operations carried out in the development of his usual economic activity.

3. Current grant income

   These are generally granted to ensure a minimum profitability or compensate for losses incurred in the activity. They are generally recorded as income in the period in which they accrue, that is, when the subsidy is firmly recognized and quantified.

4. Allocation of income from capital grants.

   These are granted to support the establishment of the activity, the realization of fixed asset investments or the realization of multi-year projection expenses. They are recorded as income in proportion to the depreciation experienced in the year (amortization) by the assets or expenses financed with said subsidies.

   In the case of non-depreciable assets, the subsidy will be charged to the results of the year in which the sale or write-off in inventory occurs, with a 30% reduction applied as they are considered to be income obtained in a notoriously irregular manner over time.

5. Self-consumption of goods and services

   The normal market value of the goods and services that are the object of the activity and that the taxpayer gives or lends to third parties free of charge or are intended for personal use or consumption will be included as income. Likewise, when there is consideration and this is significantly lower than the normal market value of the goods and services, the latter will be taken into account.

6. VAT accrued

   Income should not include the amount of VAT charged, unless the activity carried out is, for example, in the Special Regime of the Equivalence Surcharge or in the Special Regime for Agriculture, Livestock and Fishing.

7. Variation of existences

   The variation in stock is the difference between the initial stock and the final stock, so that when the valuation of stock at the beginning of the year is lower than at the end of it, this difference must be reflected as income.

8. Other income

   The following concepts, among others, will be included in this section:

   1. Work carried out for the company itself

      Without prejudice to its computation as an expense according to its nature, at the end of the financial year the cost of production of the fixed assets manufactured or constructed by the company itself will be considered as counterpart income.

   2. Surpluses and applications of provisions

      Excesses and applications of provisions and impairment losses will be recorded as income.

   3. Other management revenue

      For example, compensation for mediation services performed accidentally, or for the occasional provision of certain services (transport, repairs, advice, reports, etc.), or income for services to staff.

   4. Compensation received from insurance companies

      Compensation received from insurance companies for incidents affecting operating products (stocks of merchandise, raw materials, containers, packaging, etc.).

9. T transfer of assets that have enjoyed freedom of amortization: Excess of deducted amortization with respect to deductible amortization (Additional Provision Thirtieth LIRPF)

   If assets that would have enjoyed the freedom of amortization provided for in the Eleventh Additional Provision of the consolidated text of the LIS have been transferred during the year, for the calculation of the capital gain or loss, the acquisition value will not be reduced by the amount of tax-deductible amortization that exceeds what would have been tax-deductible had the freedom of amortization not been applied. For the transferor, the aforementioned excess will be considered as full income from the economic activity in the tax period in which the transfer is made.