11.2.1.1 Computable income

Column: Cooperative results

In this field, income of a cooperative nature will be recorded, as stated in article 17 of the aforementioned "Law 20/1990":

• Those arising from the exercise of cooperative activity carried out with the partners themselves.

• Periodic dues paid by members.

• Current grants.

• The allocation of capital grants to the financial year in the manner provided for in the applicable accounting standards.

• Interest and returns arising from the cooperative's participation, as a member or associate, in other cooperatives.

• Financial income from ordinary treasury management, necessary for carrying out cooperative activities. 

Column: Extra-cooperative results

This field will record those incomes that have the character of extra-cooperative income, which are those listed in article 21 of the aforementioned "Law 20/1990":

• Those arising from the exercise of cooperative activity when carried out with non-members.

• Those obtained from investments or financial participations in non-cooperative companies.

• Those obtained from economic activities or sources other than the specific purposes of the cooperative.

These will include those from the Credit Sections of the cooperatives, with the exception of those resulting from active operations carried out with partners, those obtained through credit cooperatives and those from investments in public funds and securities issued by public companies (these last exceptions are considered cooperative results).

In order to ensure that the cooperative's status as a tax-protected cooperative is not lost, the volume of operations with non-member third parties may not exceed 50% of the cooperative's total operations.