Exploitation variables
The variables relating to the accounting statements (ASSETS, LIABILITIES and NET WORTH) that appear in the Corporate Tax Return for the non-financial corporations They are defined in Royal Decree 1514/2007, which approves the General Accounting Plan, and in Royal Decree 1515/2007, which approves the General Accounting Plan for Small and Medium-Sized Enterprises, which came into force in 2008. Non-current assets consist of intangible assets, tangible fixed assets, real estate investments, long-term investments in group and associated companies, long-term financial investments, deferred tax assets, and non-current trade receivables. Current Assets are made up of the following group of accounts: Non-current assets held for sale, Inventories, Trade debtors and other receivables, Short-term investments in group companies and associates, Short-term financial investments, Short-term accruals, Cash and other cash equivalents. The sum of Current Assets and Non-Current Assets results in Total Assets. Net worth consists of equity, adjustments for changes in value, adjustments to net worth, and grants, donations, and legacies received. Non-current liabilities consist of long-term provisions, long-term debts, long-term debts with group companies and associates, deferred tax liabilities, long-term accruals, non-current trade creditors and long-term debt with special characteristics. Current Liabilities are comprised of Liabilities linked to non-current assets held for sale, Current provisions, Current debts, Current debts with group companies and associates, Trade creditors and other accounts payable, Current accruals and Current debts with special characteristics. The sum of Net Worth, Non-Current Liabilities and Current Liabilities results in Total Net Worth and Liabilities.
The entities subject to the accounting standards of the Bank of Spain are required to prepare their annual accounts according to the accounting standards dictated by the Bank of Spain; these include banks, savings banks, and other financial institutions. The regulations in force for the preparation of its financial statements are Circular 5/2014 of November 28 of the Bank of Spain, on public and reserved financial reporting standards and financial statement models, and for tax periods commencing on or after January 1, 2018, Royal Decree-Law 27/2018, of December 28, adopting certain measures in tax and cadastral matters, with the aim of introducing the effects of Circular 4/2017, of November 27, of the Bank of Spain, into the Corporate Income Tax will be taken into account. As in the case of insurance entities there is no clear distinction between current assets and non-current assets, the same can be said of their liabilities. The difference between the two concepts in accounting is whether or not they are available for sale, that is, their realization, and, in the case of debts with third parties, whether their maturity is less or more than one year.
The annual accounts of the insurance companies They are regulated in the Sectoral Accounting Plan approved by Royal Decree 1736/2010, of December 23, and are included in the declaration model in the same terms. The details of the accounts can be consulted in the tables corresponding to the Balance Sheet of these entities. The most notable element is that there is no differentiation between Current and Non-current, neither in Assets nor in Liabilities.
The balance of the Collective investment institutions It fully complies with the accounting statements adapted to Circular 3/2008, of September 11, of the Securities Market Commission on accounting standards, annual accounts and information statements of collective investment institutions. Presenting both in its assets and liabilities the distinction between current and non-current.
In the statistics, the variables presented in the composite balance sheet of Assets and Liabilities, Adjustments to the accounting result and Settlement are the original ones declared by the taxpayers.