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Practical Manual of Companies 2021.

Holdings of the taxpayer in other entities

This subsection must refer to all the information related to the direct participations of the reporting entity in other entities, with an amount at the end of the period equal to or greater than 5 percent of the capital or 1 percent in the case of securities that listed on an organized secondary market. For these purposes, the reporting entity must complete the following data in the manner indicated below:

1. Investee details

The data relating to the identification of the investee entity must be completed: « NIF » (in the event that said entity does not have a NIF in Spain, it must enter the equivalent of the country of residence) and «Name or company name» . Likewise, the data relating to the residence of said entity must be completed: «Province/country code» (see in this regard, section « Notes common to sections A and B on page 2 » of this chapter).

2. Data in the declarant's records

The figure corresponding to the percentage of participation (with two decimal places), the total nominal value of the participation, the book value of the participation and the dividend income (corresponding to the participation) received in the year that is declaration object.

In relation to dividend income received in the declared year, the data corresponding to dividends from entities that at the end of the year do not meet the minimum participation (5 percent or 1 percent if listed), but that do they complied with it at the time they received the dividend.

Finally, in column “Total” (boxes [01501] to [01503]), the sum of the amounts collected in the following rows will be recorded: “Total nominal value of the participation” (box [01501]), “Book value of the participation” (box [01502]) and “Income from Dividends received in the declared fiscal year” (box [01503]). In the event that, due to the extent of the data declared (that is, more than three participating entities are related), more than one page must be completed, these boxes will be displayed only on the last page completed for this purpose.

3. Valuation corrections due to impairment and changes in fair value

This section must be completed whenever it concerns shares in which a percentage of more than 5 percent of the capital has been held, or 1 percent if the securities are listed on an organized secondary market throughout the year, and whose value nominal value exceeds 100,000 euros (including in said calculation the shares transferred during the year), recording the following data:

  1. Value correction included in profits and losses for the period .

    The amount of the variation or correction in the value of the shares that, in the accounting field, has been applicable in the Profit and Loss Account must be included with its corresponding sign:

    • In case of decrease in value or deterioration in value, with a negative sign (-).

    • In case of reversal of the deterioration, with a positive sign (+).

    • In case of value increase, with a positive sign (+).

    In the event of disposal of the participation, the amount corresponding to the application of accumulated impairments, with a sign (+), or the amount corresponding to the application of accumulated positive corrections, with a negative sign (-).

  2. Elimination of the accounting impairment included in P and G (article 13.2 b) LIS) .

    The amount of the tax correction corresponding to the elimination, in the terms established in article 13.2.b) of the LIS, of the losses due to impairment of the values representing the participation in the capital must be included with a positive sign (+). or in the own funds of entities that, in the accounting field, have been applicable in the Profit and Loss Account.

  3. Elimination of impairment of repr values. of private in the capital or own funds (art. 15 k) LIS).

    The amount of the tax correction corresponding to the elimination, in the terms established in article 15.k) of the LIS, of the losses due to impairment of the values representing the participation in the capital must be included with a positive sign (+). or in the own funds of entities that, in the accounting field, have been applicable in the Profit and Loss Account.

  4. Adjustment for the decrease in value caused by the fair value criterion (art. 15 l) LIS).

    The amount of the tax correction corresponding to the decreases in value caused by application of the fair value criterion corresponding to values representative of the participations in the capital or in the own funds of the entities to which it refers must be included with a positive sign (+). article 15 l) of the LIS that, in the accounting field, have been applicable to the Profit and Loss Account.

  5. Effect of the valuation correction on the BI of the exercise (= a + b + c + d) .

    The amount relating to the effect that the corrections included in letters a), b), c), d) and e) above, produce on the tax base (BI) of the Corporate Tax for the corresponding year will be included with the resulting sign. This amount will be obtained from the algebraic sum of the amounts stated in letters a), b), c), d) and e) referred to.

  6. Balance of tax corrections (art. 12.3 RDLeg. 4/2004) pending at the end of the year.

    The balance of tax corrections for impairments and decreases in book value that are pending incorporation into the tax base must be included.

    Finally, in column “Total” (boxes [01504], [01506], [01809], [01810], [01507] and [01508]), the sum of the amounts collected in each of the rows corresponding to letters a), b), c), d), e) and f). In the event that, due to the extent of the data declared (that is, more than three participating entities are related), more than one page must be completed, these boxes will be displayed only on the last page completed for this purpose.

4. Additional information about the investee

Only in the case in which the investee entity is foreign and the deterioration suffered is determined in relation to the net equity of the investee entity, the amounts corresponding to the following data must be additionally included: “Capital” , “Reserves and other equity items” , “Other equity items” (with the corresponding (+) or (-) sign) and "Result of the last exercise" (with the corresponding (+) or (-) sign).