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Practical Handbook for Companies 2021

Statements of accounts (boxes 00050 to 00055 and 00061)

Boxes [00050], [00051], [00052], [00053], [00054] and [00055], included in the section Statements of Accounts on page 1 of form 200, shall not be ticked by institutions that have ticked boxes [00003] or [00004] (Collective investment undertakings), [00024] (credit institutions), [00025] (insurance institutions), [00036] (mutual guarantee or counter-guarantee societies) or [00058] (mutual insurance or mutual provident societies).

Boxes [00053], [00054] and [00055] relating to the Profit and Loss Account must also not be ticked by entities that have ticked box [00026] (inactive entity).

All taxpayers to whom the General Accounting Plan approved by Royal Decree 1514/2007 of 16 November 2007 is compulsory, or who apply the General Accounting Plan for Small and Medium Enterprises approved by Royal Decree 1515/2007 of 16 November 2007, must tick two boxes:one box between boxes [00050], [00051] and [00052], and one box between boxes [00053], [00054] and [00055].However, entities that tick boxes [00009] (parent entity of tax group) or [00010] (subsidiary entity of tax group) on page 1 of Form 200 should not tick boxes [00052] and [00055].

With effect from 1 January 2021, the General Accounting Plan approved by Royal Decree 1514/2007 of 16 November 2007 and the General Accounting Plan for Small and Medium-sized Companies approved by Royal Decree 1515/2007 of 16 November 2007, in order to adapt our accounting regulatory framework to that of the European Union, have been amended by Royal Decree 1/2021 of 12 January, which amends the General Accounting Plan approved by Royal Decree 1514/2007 of 16 November;the General Accounting Plan for Small and Medium-Sized Enterprises approved by Royal Decree 1515/2007 of 16 November 2007;the Rules for the Preparation of Consolidated Financial Statements approved by Royal Decree 1159/2010 of 17 September;and the rules for the adaptation of the General Accounting Plan to non-profit entities approved by Royal Decree 1491/2011 of 24 October.

Boxes [00075], [00076] and [00077] relating to the Statement of changes in equity are voluntary when any of the boxes [00051] or [00052] are ticked.However, box [00075] must be completed when box [00050] is ticked, and cannot be completed when either box [00051] or [00052] has been ticked.

On the other hand, and taking into account the purpose of box [00061] "Entities that are not Collective Investment Undertakings using the statements applicable to them", entities that tick this box should not tick boxes [00050] to [00055] or boxes [00075] to [00077], and vice versa.

Box No.Taxpayers who must complete it
[00050] Taxpayers who have used the normal form of accounts for the Balance Sheet should check this box.
[00051] Taxpayers who have used the abbreviated form of accounts for the Balance Sheet should check this box.
[00052] Taxpayers who have used the SMEs form of accounts for the Balance Sheet should check this box.
[00075] Taxpayers who have used the normal Statement of Changes in Net Assets form should check this box.
[00076] Taxpayers who have used the abbreviated form of the Statement of Changes in Net Equity should check this box.This box is voluntary.
[00077] Taxpayers who have used the SMEs form of the Statement of Changes in Net Equity should check this box.This box is voluntary.
[00053] This box should be ticked by taxpayers who have used the normal model of accounts for Profit and Loss.
[00054] Taxpayers who have used the abbreviated form of accounts for Profit and Loss should tick this box.
[00055] This box should be ticked by taxpayers who have used the SME form of accounts for Profit and Loss.
[00061] This box should be ticked by those entities which, without being collective investment undertakings, use the form of accounts established in Circular 3/2008, of 11 September, of the Securities Market Commission, on accounting standards, annual accounts and confidential information statements of collective investment undertakings.
Entities ticking this box must complete boxes 44 to 48 of Form 200 relating to Collective Investment Undertakings, instead of pages 3 to 11 of Form 200.