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Practical Handbook for Companies 2021

Result of the net gains and losses account (box 00500)

1.In general terms

The amount shown as profit or loss in box [00500] "Result of the profit and loss account" on page 12 of form 200 shall be transferred to box [00500] "Result of the profit and loss account" on page 8 of form 200.In the case of a negative result, the amount to be entered shall be preceded by a minus sign (-).

2.Special cases

  1. If it is an entity obliged to keep its accounts in accordance with the rules of the Bank of Spain, it shall transfer to this box the amount that appears as the result for the financial year in box [00500] on page 30 of form 200.In the case of a negative result, the amount to be entered shall be preceded by a minus sign (-).

  2. If the reporting entity is an insurance company to which the accounting plan approved by Royal Decree 1317/2008 of 24 July is compulsorily applicable, it shall transfer to this box the amount that appears as the result for the financial year in box [00500] on page 40 of form 200.In the case of a negative result, the amount to be entered shall be preceded by a minus sign (-).

  3. If the reporting entity is subject to Circular 3/2008, of 11 September, of the Securities Market Commission, on accounting standards, annual accounts and confidential information statements of collective investment institutions, it shall transfer to this box the amount that appears as the result for the financial year in box [00500] on page 46 of form 200.In the case of a negative result, the amount to be entered in that box shall be preceded by a minus sign (-).

  4. If the reporting entity is a mutual guarantee company , to which the provisions of Order EHA/1327/2009, of 26 May, on special rules for the preparation, documentation and presentation of the accounting information of mutual guarantee companies apply, it shall transfer to this box the amount that appears as the result for the financial year in box [00500] on page 51 of form 200.In the case of a negative result, the amount to be entered in this box must be preceded by a minus sign (-).

Reports:

Taxation of donations.For accounting purposes, donations of intangible assets, property, plant and equipment and investment property are recognised as income for the year in proportion to the depreciation taken on these assets during the year or, where applicable, when they are disposed of, impaired or derecognised.Fiscally, the regime is different:in the case of acquisitions for gain, the market value of the item in the tax period in which it is received must be included in the tax base and, therefore, an increase in the accounting result will be necessary.