Accounting Manual for Electronic Money Provider Companies — BCR — SV

THE COMMITTEE OF STANDARDS OF THE CENTRAL BANK OF RESERVE OF EL SALVADOR,

CONSIDERING:
I. That article 2, first paragraph of the Law for Facilitating Financial Inclusion, stipulates that Electronic Money Provider Companies are fixed-capital anonymous societies; their purpose shall be limited to providing electronic money.
II. That article 2, third paragraph of the Law for Facilitating Financial Inclusion, establishes that the Financial System Superintendence will authorize the constitution and commencement of operations of Electronic Money Provider Companies, that said Companies shall be considered part of the Financial System and shall be supervised by the Financial System Superintendence.
III. That article 2, seventh paragraph of the Law for Facilitating Financial Inclusion, indicates that said companies shall be obliged to have, among others, personnel, equipment, technological platform, security applications, manuals, procedures, policies, internal controls, and business continuity plans that guarantee adequate functioning to offer the services regulated in said law, all in accordance with the current legal framework and the Technical Standards issued for such effect.
IV. That article 5 of the Law for Facilitating Financial Inclusion mentions that electronic money shall be understood as the monetary value registered in favor of a holder or client, which constitutes a payment obligation payable to its provider, which is accepted by other actors who have agreed to receive or provide this service, as a means of payment in an amount equivalent to the cash money delivered, and is stored in an electronic medium.
V. That article 7, seventh paragraph of the Law for Facilitating Financial Inclusion, establishes that Electronic Money Provider Companies must have internal policies on risk management, codes of conduct, and other requirements imposed on them as members of the financial system; and in particular, those referred to in letters c) and d) of article 35 of the Law on Supervision and Regulation of the Financial System, with the Financial System Superintendence being able to request explanations and expansions when it deems appropriate.
VI. That article 99 letter c) of the Law on Supervision and Regulation of the Financial System, establishes that it is the responsibility of the Committee of Standards of the Central Bank of Reserve, the approval of the Technical Standards for the elaboration, approval, presentation, and dissemination of the Financial Statements and supplementary information of the members of the financial system; the determination of accounting obligations and the principles according to which they must keep their accounting and the establishment of criteria for the valuation of assets, liabilities, and the constitution of provisions and reserves for risks.

THEREFORE, by virtue of the regulatory powers conferred by article 99 of the Law on Supervision and Regulation of the Financial System, AGREES to issue the following:

ACCOUNTING MANUAL
FOR ELECTRONIC MONEY
PROVIDER COMPANIES

CONTENTS

CHAPTER I
GENERAL PROVISIONS
Comprises the general application provisions for the recognition, measurement, presentation, and disclosure of the operations of Electronic Money Provider Companies.

CHAPTER II
ACCOUNTING FRAMEWORK
Comprises the accounting principles that Electronic Money Provider Companies will apply for the recording of their operations, which will be composed of two sections indicating how to proceed for the preparation of Financial Statements.

Sections of the Chapter:
SECTION 1. Specific Treatments Defined for the Presentation of Financial Statements.
SECTION 2. Preparation, Presentation, Disclosure, and Publication of Financial Statements.

CHAPTER III
CHART OF ACCOUNTS
Comprises the list of accounts provided for the accounting of the respective operations.

CHAPTER IV
ACCOUNTING APPLICATIONS MANUAL
Comprises the description of the concept of the accounts and the main applications by which they will be affected.

CHAPTER V
FINANCIAL STATEMENTS
Models of Financial Statements.
CHAPTER VI
OTHER PROVISIONS AND VALIDITY

CHAPTER I
GENERAL PROVISIONS

INTRODUCTION

This "Accounting Manual for Electronic Money Provider Companies", hereinafter the Manual, aims to define the set of norms that fix the procedures to be followed for the uniform and homogeneous recording of operations, preparation, and presentation of their Financial Statements and the disclosure of their notes, thus constituting an essential tool for Electronic Money Provider Companies, hereinafter Provider Companies, for the integration of their Financial Statements, which must faithfully reflect the financial situation, results of operations, and management, so that they become a useful instrument for the analysis of information and decision-making by administrators, shareholders, the Financial System Superintendence, hereinafter Superintendence; the Central Bank of Reserve of El Salvador, hereinafter Central Bank, users of their services, and the general public. The Manual is based on basic concepts and principles whose purpose is to provide information that serves as a basis for decision-making, and that allows entities to do at least the following:
a) Identify operations and events relevant to financial accounting; b) Formulate measurement criteria that allow the reasonable and logical recognition of the different elements of the Financial Statements; c) Register transactions using uniform policies; d) Classify information, incorporating financial data into a conceptual, logical, and useful framework; e) Present financial information periodically, so that it becomes an instrument of communication of financial accounting; and f) Interpret the information, which implies the explanation of the accounting process, uses, meanings, and limitations of the reports.
2. OBJECTIVES
2.1. General Objective
To provide a technical instrument for the uniform recognition, measurement, presentation, and accounting disclosure of transactions and operations of an economic and financial nature, based on accounting standards issued or accepted by the Central Bank.
2.2. Specific Objective
To have complete, timely, and homogeneous information on the financial and economic situation of the Provider Companies, which contributes to decision-making by stakeholder groups.
3. SCOPE
The application is mandatory for Provider Companies that provide their services, in accordance with what is established in the Law for Facilitating Financial Inclusion.
The Manual consists of the General Provisions, the Accounting Framework, the Chart of Accounts, the Accounting Applications Manual, and the models of the Financial Statements.
4. PROCESS OF OPERATIONS AND ACCOUNTING SYSTEM

4.1. Processing of Accounting Operations
Provider Companies subject to this Manual may process their accounting operations by the means they deem convenient, provided it allows for their analysis and supervision. To this end, said Provider Companies must present to the Superintendence, prior to the commencement of operations, the accounting information processing system they will use and the description of the computer platform on which it has been developed and which will support its operation and functioning, description of their information systems, description of information backups, contingency and recovery plans, security, and controls in the systems. Likewise, when a change occurs in said system, they must present the change to the Superintendence. The documentary or electronic source of each accounting entry must contain sufficient explanations about the operation being recorded.
4.2. Authorization and Modification of the Accounting System
The accounting system consists of the methods and records established to identify, analyze, classify, register, and report the transactions of Provider Companies.
It comprises:
a) The Chart of Accounts and Application Manual; b) Accounting records, supporting documents, and auxiliary records; c) The accounting processing involved from the initiation of a transaction until its inclusion in the Financial Statements; and d) The financial information process used to prepare the Financial Statements of the Provider Company, including estimates and disclosures of important tables. Electronic accounting records may be kept, provided they comply with what is established in article 455 of the Commercial Code. The minimum information to be detailed within the accounting system, for purposes of approval and modification, will be:
4.2.1. Description of the Accounting System

a) General information of the Provider Company: Trade name or denomination, Tax Identification Number (NIT), Taxpayer Registration Number (NRC), address, telephone, and other relevant information; b) Data of inscription of the deed of constitution; c) Name and registration number of the external auditor; d) Accounting policies and procedures adopted, which consist of presenting the accounting policies and procedures that the Provider Company will use, in accordance with the minimum disclosures required by this Manual and the applicable International Financial Reporting Standards;
4.2.2. Requirements of Accounting Records

a) Method of keeping accounting books. Legal accounting books will be kept in bound and paginated books, in separate paginated sheets, or other physical or electronic means; b) Nature of the system to be used. Description of the name and method of operation of the computer system in which the accounting will be kept; c) Method of recording operations. Expose in what manner it will record its operations in the legalized accounting records; and d) Detail of auxiliary books to be kept and the manner of recording operations in them.

a) Design of the computerized accounting system. The content of this letter comprises a description of the manner of recording, operating, and generating accounting records; b) Description of modules:
i. Name of the module;
ii. Implementation language;
iii. Objective of the module: general description of the main function of the specific accounting module;
iv. Main sub-modules with their respective explanation;
v. Reports issued by the module: on paper, screen, or magnetic files; and
vi. Indicate the name of the report, frequency of issuance, and its objective.
c) Description of databases:
i. Name of the database;
ii. Objective;
iii. Database manager with detailed version;
iv. Data capture method: in this particular area, it must be specified whether the content of the database is generated by the system by automatic calculation or corresponds to information captured by the user;
v. Detailed description of fields including name, type, meaning, and use of the field; and
vi. Data dictionary.
d) Flowchart of modules and programs; the flowchart must show the flow of data through the system and the interrelation between the steps of the process and the computer routines.
4.2.4. Security Measures
It will consist of an exposition of the measures to be taken internally to minimize the inherent risk existing for the different assets, as well as regarding access to information in physical or magnetic files.
4.2.5. Contingency Plan
It will consist of a description of the measures to be taken to avoid loss of information or that in case of disasters, the system can continue operating.

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
4.2.6. Additional Documentation
The following documentation must be attached in original and copy:
a) Source documentation to be used for the recording of operations including income notes, expense notes, journal vouchers, among others; b) Formats of main books, except for books required by the Tax Code and its respective regulation; c) Formats of auxiliary books; d) Technical and operation manual of the computer system; and e) User manual of the computer system. It must incorporate and describe, in addition to the accounting system, other computer systems that affect the accounting records of the Provider Company, in which it must evidence that all electronic money operations performed by clients will be in real time.
5. MODIFICATION OF THE MANUAL
The coding and openings established in this Manual must be respected in their entirety; therefore, no new elements, items, groupings, accounts, sub-accounts, and sub-sub-accounts different from those already established may be opened. Analytical sub-sub-sub-accounts may be added after the tenth (10th) digit, provided they correspond to the nature of the account from which they originate and to the degree and detail they consider necessary for better recording and control of their operations. When any operation or transaction not provided for in this Manual originates, Provider Companies must communicate this to the Central Bank and the Superintendence, attaching the accounting criteria they intend to use. Along with the proposal for accounting treatment, as well as the accounts to be used, they will describe the transaction or event, indicating its quantitative impact on the Financial Statements and the reasons that, in the judgment of the competent administrative body, justify the proposed treatment. Such communication will be sent physically or by email, duly signed by the persons responsible for the Provider Company. The Superintendence will analyze what is proposed and if the operation refers to a topic of application of the Accounting Manual, it will respond, sending a copy to the Central Bank; and if it is a topic of modification of the Manual, the proposed accounting application, if appropriate, will be approved by the Committee of Standards of the Central Bank. Prior to the agreement of the Committee of Standards of the Central Bank, Provider Companies must account for the operation or transaction temporarily in one of the approved accounts. Once the Committee approves the change to the Manual, the Provider Company must make the necessary adjustments, transferring the transaction from the account in which it was temporarily recorded to the corresponding approved one.
6. RESPONSIBILITIES
6.1. Accounting Records
The administration is responsible for the recording of the operations of the Provider Company, from the preparation of vouchers, documents, records, and files of transactions, to the formulation of the Financial Statements and other reports for their corresponding analysis and interpretation. Therefore, it is the responsibility of the Administration, the content of the Financial Statements, and it will be the responsibility of the general accountant the technical preparation of the same. The Provider Company must define the profile that the personnel it hires to perform its accounting operations must meet, in order that the activities and operations it carries out are carried out efficiently and effectively.
6.2. Timeliness of Accounting Recording
The accounting of transactions will be carried out as they are effected, they will be recorded in chronological order and in the accounts whose title corresponds to their nature. The Provider Company must perform the daily cutoff of its operations.
7. SUBMISSION OF INFORMATION
7.1. Timeliness
The Provider Company will remit the corresponding information within the deadlines defined in this Manual. Lack of timeliness in the submission will be sanctioned in accordance with what is established in the Law on Supervision and Regulation of the Financial System.

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
The Provider Company must designate a responsible official as well as its respective substitute, to give timely compliance to the information requirements established in this Manual to be sent to the Superintendence.
7.2. Frequency

7.2.1. Monthly, Semi-Annual, and Annual Financial Information
The Provider Company must obligatorily present monthly financial information, which must be delivered to the Superintendence, electronically within eight (8) business days, counted from the last day of the reported month, except for information relating to the months of June and December of each year, which must be sent within ten (10) business days of the immediate following month. The Provider Company must present its Financial Statements to the Superintendence, in the formats, deadlines, periodicity, and under the grouping norms dictated in this Manual. These Financial Statements are the only valid for all effects, whether for approval in the General Assembly of Shareholders, inclusion in the annual report, and publication in the press or for any other type of dissemination in the country or abroad, with the exception of Financial Statements that must be prepared for tax purposes, while there are fiscal criteria that differ from what is established in this Manual. Semi-annual and annual Financial Statements, such as: Balance Sheet, Statement of Comprehensive Income, Statement of Changes in Equity, Statement of Cash Flows, and the notes to them, that are sent to the Superintendence, must be presented obligatorily with the signatures of the general accountant, the general manager, and the legal representative. The Financial Statements referred to the month of June must be sent with the interim report of the external auditor. In the case of annual Financial Statements, they must send the External Auditor's Report. The Provider Company must communicate to the Superintendence the names, signatures, and positions of the persons authorized to sign the Financial Statements, within the first fifteen (15) business days of the appointment being made.
Table No.1 Frequency of Presentation of Financial Statements
Frequency Models Denomination
Semi-Annual 1 Balance Sheet
Semi-Annual 2 Statement of Comprehensive Income

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
Semi-Annual 3 Statement of Changes in Equity
Semi-Annual 4 Statement of Cash Flows
Semi-Annual Notes to the Financial Statements
Monthly Trial Balance

From the above table, the Trial Balance will be the only one sent to the Superintendence through electronic means according to the mechanisms it informs by circular.
7.3. Mechanisms
The Superintendence will send to the subjects of application of this Manual, with a copy to the Central Bank, the technical details related to the submission of the information requested in this Manual, which will be communicated within a maximum period of thirty (30) days after the entry into force of this Manual. The information requirements will be limited to the collection of information as regulated in this Manual.
7.4. Procedures
The Financial Statements must be presented according to the provisions established in this Manual. In order to guarantee that the submission of the Financial Statements is carried out free of arithmetic errors or in the structure of the file, the Provider Company must perform the prior validations to the submission of information designed by the Superintendence for its submission. The technical characteristics of the files, as well as the transmission medium and report, will be mandatory compliance by the Provider Company.
7.5. Level of Detail
The minimum accounting information to be sent to the Superintendence will comprise sub-accounts up to ten (10) digits; as established in Chapter III of the Chart of Accounts, item 1, Description of the coding method, without prejudice to norms requiring a greater level of detail.
8. CLOSURE OF THE ECONOMIC YEAR

The economic and accounting period will comprise from January 1 to December 31 of each year.

RECORDS
9.1. Accounting Books
For the recording of operations, Provider Companies must implement and apply the requirements of the Accounting Books established in Title II of Book Two of the Commercial Code, articles 435 to 455, insofar as they do not conflict with these norms. The movement and balance of accounts will be recorded in the main books and that of sub-accounts in auxiliary books as deemed necessary. The main books that must be legalized are the following:
a) General Journal; b) General Ledger; and c) Financial Statements Book.
In the event that the Provider Company deems it convenient and necessary, it may legalize the General Journal and the General Ledger in a single General Journal-Ledger.
The figures entered in the main books and in the auxiliary books must be presented in absolute values including cents with two decimal places.
The Financial Statements entered in the respective Book must be presented in a comparative form with the figures from the same period of the previous year.

9.2. Tax Books
The Provider Company must keep the books of legal requirement, in accordance with the Law on Tax on the Transfer of Goods and the Provision of Services, which must comply with what is established in the Tax Code and its respective implementing regulation. The Tax Books of legal requirement are:
a) Purchase Registration Book; b) Sales to Taxpayer Registration Book; and c) Sales to Consumer Registration Book.

9.3. Administrative Books

The Provider Company must keep, legalize, and complete the administrative books required by the Commercial Code as follows:
a) Shareholders' General Meeting Minutes Book; b) Board of Directors Minutes Book; and c) Shareholders Registration Book.
For the case of the minutes of the Shareholders' General Meeting and the Board of Directors, in addition to complying with what is stipulated in the Commercial Code, they must be entered in the corresponding Legal Books. All of the above without prejudice to other legal records required by regulations issued by the Central Bank or by another competent authority.

INTERNAL CONTROL APPLIED TO ACCOUNTING RECORDS
The Provider Company will establish internal control systems aimed at reasonably ensuring the reliability of accounting records, as well as the correct integration of operations. The internal control system may contain aspects such as:
a) Accounting records with the necessary detail of the characteristics of assets, liabilities, equity, income, and expenses, so that all the information contained in the different statements to be rendered can be clearly derived from them, which will maintain the necessary correlation both among themselves, when applicable, and with the accounting basis; b) Auxiliary detail of the composition of the balance of each of the sub-sub-accounts, in order to possess an adequate integration of the records; c) Inventory or details of the different items, independent of the books of an obligatory nature required by Salvadoran legislation; and d) Independent of the accounts specified to form the Financial Statements, the details deemed necessary for the preparation of the rest of the complementary informative statements will be established, thus developing an analytical accounting that provides sufficient information for the calculation of costs and returns of the different centers, business lines, or other aspects of interest for adequate management control.
REGISTRATION AND ARCHIVING OF ACCOUNTING DOCUMENTATION
The operations registered in the books mentioned in paragraph 9 must be supported by the corresponding documentation and comply with what is established in the Commercial Code, in articles 439 and 446. The Provider Company must archive the documentation that supports its operations, in chronological order, including the Financial Statements prepared monthly and the Trial Balances. The Provider Company is obliged to conserve the records of its business in general as well as its Financial Statements, according to the deadlines established in articles 451 and 455 of the Commercial Code.
CONCEPTUAL FRAMEWORK OF ACCOUNTING

Accounting will be governed according to the following precedence:
a) Salvadoran legislation that establishes specific accounting treatments; b) Accounting standards issued by the Central Bank; and c) International Financial Reporting Standards (IFRS), provided that they develop topics for which there is no Salvadoran regulation. When the Provider Company applies IFRS, it will use those issued by the International Accounting Standards Board (IASB) and in accordance with what is established in letter c) of this paragraph. When IFRS provide different treatments for the same economic event, the Provider Company will use the most prudent treatment established in said Standards. Accounting will be developed applying the accounting criteria and fundamental characteristics indicated below:

12.1. Fair Presentation
Financial Statements must be drafted clearly, such that the information provided is understandable and useful for users in making their economic decisions, and must represent the fair image of the phenomena it intends to materialize, the equity, the financial situation, and the comprehensive results of the Provider Company, in accordance with legal and regulatory provisions. The systematic and regular application of the requirements, principles, and accounting criteria included in the following subsections must lead to the Financial Statements representing the fair image of the equity, the financial situation, and the results of the Provider Company. To this effect, in the accounting of operations, attention will be paid to their economic reality and not only to their legal form.

When it is considered that compliance with the requirements, principles, and accounting criteria included in this Manual is not sufficient to represent the fair image, the precise complementary information will be provided in the notes to the Financial Statements to achieve this objective. In those exceptional cases where such compliance would be incompatible with the fair image that the Financial Statements must provide, such application will be considered inappropriate. In such cases, the notes to the Financial Statements will sufficiently reason this circumstance and explain its influence on the equity, the financial situation, and the results of the Provider Company.

12.2. Requirements of the Information to be Included in Financial Statements
The information included in the Financial Statements must be relevant and reliable.
Information is relevant when it is useful for making economic decisions, that is, when it helps to evaluate past, present, or future events, or to confirm or correct evaluations made previously. In particular, to meet this requirement, Financial Statements must adequately show the risks to which the Provider Company is exposed. Information is reliable when it is free from material errors and is neutral, that is, it is free from bias and users can trust that it is the fair image of what it intends to represent. A quality derived from reliability is completeness, which is achieved when financial information contains, in a complete manner, all data that can influence decision-making, without any omission of significant information. Additionally, financial information must comply with the qualities of comparability and clarity. Comparability is the quality that financial information has to be able to compare it over time. Information will be formulated with related criteria of identification, valuation, recording, and presentation that allow the possibility of comparing the financial situation, the results achieved, and the compliance with legal provisions of the Provider Company, in different periods or with other similar Provider Companies, with the aim of facilitating the analysis, evaluation, supervision, and audit of management and adequate accountability.

On the other hand, clarity implies that, based on a reasonable knowledge of economic activities, accounting, and corporate finance, users of the Financial Statements, through a diligent examination of the information provided, can form judgments that facilitate decision-making.

12.3. Accounting Principles
The accounting of the Provider Company and, in particular, the recording and valuation of the elements of the Financial Statements, will be developed by obligatorily applying the accounting principles and fundamental hypotheses indicated below:

12.3.1. Going Concern
The management of the Provider Company will be considered indefinite. Financial Statements must be prepared based on the going concern hypothesis. Consequently, the application of accounting principles will not be aimed at determining the value of equity for the purposes of its global or partial alienation nor the resulting amount in case of liquidation. If Financial Statements are not prepared on the basis of going concern and there is doubt about the continuity of the business, such circumstance must be revealed along with the alternative criteria that have been used and the reasons why the Provider Company cannot be considered as a going concern.

12.3.2. Accrual
The effects of transactions or economic events will be recorded when they occur, imputing to the exercise to which the annual Financial Statements refer, the expenses and income that affect it, independent of the date of their payment or collection.

12.3.3. Uniformity
Once a criterion has been adopted in the application of Accounting Principles within the alternatives that, if applicable, allow it, it must be maintained over time as long as the assumptions that motivated the choice of said criterion are not altered. If for justified cause these change, the affected Financial Statements will be accompanied by an explanatory note that allows appreciating the origin of the new criteria and their quantitative and qualitative effect on equity, results, and total assets. Likewise, such changes and their effects will be recorded in the notes to the Financial Statements.

12.3.4. Non-Compensation
Under no circumstances can the items of assets and liabilities of the General Balance Sheet, nor those of expenses and income of the Statement of Comprehensive Income, be offset, unless specifically permitted or required by IFRS, which must be reported to the Superintendence. When this happens, it must be revealed in a note to the Financial Statements.

12.3.5. Materiality
Each item that possesses sufficient relative importance must be presented separately in the Financial Statements. Items of insignificant amounts must appear grouped with others of similar nature or function, provided that they are not required to be presented separately. The strict application of some of the accounting principles and criteria will be admitted when the relative importance in quantitative or qualitative terms of the variation that such fact produces is scarcely significant and, consequently, does not alter the expression of the fair image. In cases of conflict between accounting principles, the one that best leads to the Financial Statements expressing the fair image of the equity, the financial situation, and the comprehensive results of the Provider Company shall prevail.

CHAPTER II
ACCOUNTING FRAMEWORK

SECTION 1
SPECIFIC TREATMENTS DEFINED FOR THE PRESENTATION OF FINANCIAL STATEMENTS

OBJECTIVE
This Section aims to establish the method of presentation of Financial Statements.
SCOPE
The methods that must be applied by the Provider Company for the presentation of the General Balance Sheet, the Statement of Comprehensive Income, and the Statement of Cash Flows are established.

PRESENTATION CRITERIA FOR ELEMENTS OF FINANCIAL STATEMENTS
Presentation refers to the way of incorporating accounting information into Financial Statements, in such a way that said incorporation is uniform, period after period, reliable, and relevant for a better reading and interpretation of the different elements of the Financial Statements. Below, the models or methods defined for the presentation of the elements of the Financial Statements are detailed.

Financial Statement	Presentation Method	Comments
General Balance Sheet	Assets and liabilities will be presented according to their term type and whether they are current or non-current.	This presentation method takes into consideration the ease of conversion into cash of assets and the exigibility of payment of liabilities, ignoring whether both are current or non-current. This method is considered appropriate for the Provider Company, because information on expected dates of realization of assets and exigibility of liabilities is useful to evaluate the liquidity and solvency of the Provider Company and provides reliable and more relevant information. The adoption of this method does not exempt the Provider Company from revealing the amounts expected to be recovered or settled in a period less than or equal to one year after the date of the reported period and those to be recovered in a period greater than one year after the date of the reported period.
Statement of Comprehensive Income	Expenses will be accounted for applying the Method of the Nature of Expenses and revealing additional items that are considered necessary for the adequate understanding of the financial performance of the Provider Company.	Taking into consideration the nature of the Provider Company, this method of presentation of expenses is considered to provide a reliable and more relevant presentation, as it provides useful information on expenses that are materially representative of the Provider Company, while it can be easy to apply; it is complemented with a detail of expenses that contribute to a better understanding of the financial performance of the Provider Company.
Statement of Cash Flows	Direct Method applied to operating, financing, and investment activities.	The advantage of presenting operating activities under the Direct Method is that it provides useful information to estimate future flows, which is not available when the indirect method is applied.

SECTION 2
PREPARATION, PRESENTATION, DISCLOSURE, AND PUBLICATION OF FINANCIAL STATEMENTS

OBJECTIVE
This Section aims to establish procedures that allow the preparation, presentation, and disclosure of Financial Statements, in accordance with regulatory requirements of the Central Bank's Standards Committee and, where applicable, IFRS, in order to provide the public with sufficient and timely financial information on the financial, economic, and legal situation of Provider Companies.
SCOPE
This Section establishes the models of Financial Statements that the Provider Company must use to present its financial information, as well as the minimum framework of notes to them that they must observe when making disclosures of information for each line of the General Balance Sheet, Statement of Comprehensive Income, Statement of Changes in Equity, and Statement of Cash Flows, which must be prepared according to models established in Chapter V of this Manual.
REQUIREMENTS AND CONTENT OF FINANCIAL STATEMENTS
The most relevant aspects that must be considered in the presentation and disclosure of Financial Statements are the following:
a) Technical Standards, Fundamental Hypotheses, and Qualitative Characteristics: Financial Statements must be prepared based on the standards issued by the Central Bank's Standards Committee that are applicable to them and IFRS;

b) Expression of Figures: The figures of the Financial Statements and those of their notes must be expressed in thousands of United States dollars with two decimal places; c) Accounting Origin of Balances: The figures of the Financial Statements and those of their notes must have their origin in the balances of the general ledger at the corresponding reference date, which must contain definitive figures; d) Amounts to be Disclosed in Financial Statements: The amounts presented in the Financial Statements will be those that meet the condition of an asset, liability, equity, income, or expense; and e) Accounts of a Nature Contrary to the Main Account where They Underlie: When it is necessary to disclose valuation and correction accounts that have a nature different from the accounts where they underlie, for example: accumulated depreciation, amortization, and impairment, which net off the accounts that generate them within the asset, among others. In these cases, such accounts must be presented in parentheses.

FINANCIAL STATEMENTS
The Financial Statements that must be prepared with reference to December 31 are: the General Balance Sheet, the Statement of Comprehensive Income, the Statement of Changes in Equity, the Statement of Cash Flows according to models included in Chapter V, and their respective notes which must contain a summary of the most significant accounting policies and other explanatory information. Likewise, the Provider Company must prepare a complete set of Financial Statements with reference to June 30 of each year. The notes present information about the bases for the preparation of the Financial Statements and about accounting policies, supply narrative descriptions, and are an integral part of them, contain additional information, in detail, that complements the balances reflected in the Financial Statements. In addition, a General Balance Sheet must be prepared at the beginning of the first comparative period, when a Provider Company applies an accounting policy retroactively or performs a retroactive re-expression of items in its Financial Statements, or when it reclassifies items in its Financial Statements. Financial Statements must be presented in comparative form for the same previous period.
ADDITIONAL NOTES
The Provider Company may incorporate additional notes that it deems convenient for a greater clarification of its figures and operations, without altering the correlational number designated to the notes established in this Manual.

Alameda Juan Pablo II, entre 15 y 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
6. RESPONSIBLE FOR PREPARING THE FINANCIAL STATEMENTS
The preparation of the Financial Statements is the responsibility of the management of the Provider Company. The Financial Statements to be published must be signed by the General Accountant and the President or Legal Representative; and must be accompanied by the interim report or external auditor's opinion, where applicable.
7. SUBMISSION OF THE FINANCIAL STATEMENTS
7.1. Semi-Annual Financial Statements
The semi-annual Financial Statements must be presented to the Board of Directors of the Provider Companies for their respective authorization, in the session immediately following the reference date of said Financial Statements. The Provider Company must submit to the Superintendence the certification of the agenda item of the Board of Directors meeting in which said Financial Statements were presented and authorized. The Financial Statements to be published, their notes, and the corresponding interim report from the external auditor as of June 30, must be submitted to the Superintendence by the Management of the Provider Company, no later than five (5) business days before their publication. Along with what is required in the previous paragraph, the certification of the agenda item of the Shareholders' General Meeting session where the content of the Financial Statements was presented and authorized and the publication thereof was agreed upon, must also be submitted to the Superintendence.
7.2. Annual Financial Statements
The Annual Financial Statements and the certification of the agenda item of the Board of Directors meeting in which they were authorized, plus the corresponding external auditor's opinion, must be submitted by the Provider Company to the Superintendence, no later than five (5) business days before the Shareholders' General Meeting of the Provider Company is held, at which they will be considered for approval. The Annual Financial Statements must be considered and approved by the Shareholders' General Meeting, in the first meeting held after the reference date of said Financial Statements, leaving written record in the respective minutes regarding their review and submitting copies of said minutes to the Superintendence no later than the last day of the publication deadline for the Financial Statements. In the event that there are observations or objections from the Shareholders' General Meeting, these

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8. DISCLOSURE OF THE FINANCIAL STATEMENTS
The set of Financial Statements delivered to shareholders, those published in the annual report, and in general any disclosure thereof, must include all Financial Statements, their notes in full, and the external auditor's opinion. The Provider Company, in accordance with current legal standards, must publish the Financial Statements as of December thirty-one (31) of each year along with the external auditor's opinion, sixty (60) calendar days after the end of the accounting year, in a newspaper of national circulation, and may additionally use any other means of communication. The notes to the Financial Statements form an integral part of them and are therefore mandatory for publication. The notes required in this Manual are the minimum that the Provider Company must publish on its website, within the previously established deadlines. (2) The Balance Sheet must be presented in comparative form with the Balance Sheet from the same period of the immediate preceding year; the remaining Financial Statements will be presented with their counterpart from the immediate preceding accounting year. (2) Likewise, the Provider Company must publish, on a quarterly basis, on its website, the Balance Sheet and the Statement of Comprehensive Income. (2) If the Superintendence determines the existence of data that alter, modify, or affect the published Financial Statements, the notes, or that the latter have not been published in their entirety, it will require the Provider Company to publish a new version, in the same newspaper of national circulation in which it was originally published, accompanied by an explanatory note proposed by the Provider Company and approved by the Superintendence. A correction notice will be published when the errors do not alter the Financial Statements; otherwise, the provisions in the previous paragraphs must be carried out. In the event that the Provider Company refuses to publish the new Financial Statements proposed by the Superintendence and the corrected notes, required in this Manual, the Superintendence will grant a deadline for the Provider Company to publish said corrected Financial Statements, and in the event that it does not do so within the granted deadline, the Superintendence will sanction the Provider Company in accordance with what is established in the Law on Supervision and Regulation of the Financial System.

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The Financial Statements for the closing of the economic year and management must be included in the Annual Work Report to be presented at the Shareholders' General Meeting, for its approval by the same, taking into account the following procedure:
a) The Board of Directors of the Provider Company must annually prepare the Work Report; and b) The Work Report must contain at minimum:
i. Identification of the Provider Company;
ii. Registration entry in the Public Registry of the Superintendence;
iii. President's letter;
iv. Main achievements;
v. Description of the company;
vi. Shareholder details;
vii. Board of Directors;
viii. Management and personnel;
ix. Global remuneration of key management personnel;
x. Activities and business of the company;
xi. Risk factors;
xii. Financial reports: administrative and external auditor's reports; and
xiii. Responsibility declaration that will include the name, position, and signature of the Board of Directors and General Manager.
This Annual Work Report will be submitted to the Superintendence within a period of ten (10) business days after being approved by the Shareholders' General Meeting.
9. NOTES TO THE FINANCIAL STATEMENTS

Note 1. Identification of the Provider Company The Provider Company will describe as part of its identification the information corresponding in accordance with the following requirements:
a) Name of the reporting Provider Company as well as changes relative to said information since the end of the previous period reported; b) Description of the nature of the Financial Statements; c) Closing date of the period on which the report is made or the period covered by the Financial Statements; d) Legal form of the Provider Company, country of incorporation, address of its registered office or main domicile where it carries out its activities, if this were different from the registered office; e) Description of the nature of the Provider Company's operations and main activities;

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Validity: 15/11/2016 f) Duration of the Provider Company's life if it is of limited life; g) Date of authorization by the Board of Directors or its equivalent for the disclosure of the Financial Statements; and h) Explanation of the fact that the shareholders of the Provider Company or others have the power to modify the Financial Statements after disclosure. Note 2. Preparation Bases

a) Declaration on Preparation Bases: the standards used in the preparation of the Financial Statements have been issued by the Standards Committee of the Central Bank. The Financial Statements have been prepared by the Provider Company based on the standards issued by the Central Bank applicable to it and the IFRS, furthermore, when these present different forms and options to measure and account for the same element or event, the most conservative criterion of the IFRS must be adopted. The main divergences between the standards used and the IFRS must be presented in a note, if they exist; b) Measurement Bases: The Provider Company will declare the measurement bases it has used to prepare its Financial Statements; c) Functional and Presentation Currency: The Provider Company will declare the functional and presentation currency of the Financial Statements and the degree of rounding applied when presenting figures in said Financial Statements; d) Use of Estimates and Criteria: The Provider Company will make a description of the estimates and accounting criteria used for the preparation of the Financial Statements and that affect the application of accounting policies and the amounts of assets, liabilities, income, and expenses reported, as well as what each applied estimate and criterion consists of; and e) Changes in Accounting Policies: the Provider Company will describe and identify the areas in which accounting policies have been changed; what the new accounting policy consists of or what it is based on and the reason for the change, as well as describe the previous accounting basis or policy.

Note 3. Significant Accounting Policies
The Provider Company will make a summary of the significant accounting policies applied, which are defined as the principles, bases, agreements, rules, and specific procedures adopted in the preparation and presentation of its Financial Statements. Note 4. Management of Financial and Operational Risks

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The Provider Company will carry out a general description of the risks to which it is exposed in the business, the units assigned for the management of the mentioned risks, as well as the tools established for their identification, measurement, control, mitigation, monitoring, and communication. Provider Companies must disclose in a summarized manner in the notes to the semi-annual Financial Statements to be published the way in which they manage risks and compliance with their policies. Additionally, the Provider Company will reveal in this note regarding each risk, the following:
4.1. Credit Risk
It will describe, by tabulation, the maximum exposure to credit risk by class of asset and risk classification, both within and outside the Balance Sheet without having considered any guarantee or other credit enhancement in its possession. For this section, the amounts to be described are the net book amounts of estimates or impairment losses as they are reported in the Balance Sheet of the Provider Company.
4.2. Liquidity Risk
Likewise, the Provider Company will describe in tabulated form the financial liabilities to be paid and the financial assets held to manage liquidity risk, both by classes and classifying them by their remaining contractual maturities. The amounts revealed in the tabulation will be the undiscounted contractual cash flows. Furthermore, it will describe the assets held to manage liquidity risk and other elements it considers pertinent, without maturity date. For example, cash, bank deposit accounts, and other titles that are used in repo operations.
4.3. Operational Risk
The Provider Company will describe the methodology it uses to manage operational risk, which implies describing the entire management process it carries out on this risk, from the factors used to identify it to those that serve for its measurement, control, mitigation, monitoring, and communication.

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Note 5. Cash and Cash Equivalents
The Provider Company must reveal in tabulated form the components of cash and cash equivalents and present a reconciliation of the amounts of its Cash Flow Statement with the equivalent items reported in the Balance Sheet.

Additionally, it will reveal the criteria adopted to determine the composition of the cash and cash equivalents item. Likewise, it will state which resources are restricted, the purpose and origin of the restriction, and the terms thereof. Note 6. Restricted Deposit at the Central Bank It will reveal a detail in which the reconciliation of the balance of the Deposit at the Central Bank that guarantees the fulfillment of payment obligations that the Provider Company incurs with the holders of electronic money records is verified; and the balance of electronic money for the payment obligations of the Provider Company with the holders of electronic money records, plus the electronic money that converts for future payments of the Provider Company or for future assignments to its customers. In this detail, it must be verified that the deposit at the Central Bank is equal to or greater than the balance of the liability account for electronic money records. Note 7. Financial Investments The Provider Company will reveal the detail of the financial instruments that form part of the Financial Investments, in which the classifications applied to perform their subsequent valuation are identified; it will also include information that allows users of its Financial Statements to evaluate the nature and scope of the risks arising from the financial instruments to which the Provider Company is exposed at the end of the period on which the report is made. In the case that there are contracts for operations with financial derivative instruments for risk management, the Provider Company will reveal in tabulated form the following information: type of financial derivative instrument, notional amount of the contract, fair value of the contract as of the date of the Financial Statements whether asset or liability, and any additional information useful for the understanding of the operations. The Provider Company will reveal regarding financial instruments measured at amortized cost, the following:
a) All types of securities that make up these assets; b) Impairment corrections constituted on the indicated portfolio;

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Validity: 15/11/2016 c) Classification of the portfolio taking into account the length of the term to recover contractual cash flows; d) Reconciliation of the correction account used to correct the value of financial assets that have suffered impairment due to credit and market losses; and e) Any other information that is necessary for users of the Financial Statements. The Provider Company will reveal regarding restricted or matured financial instruments, the following:
a) Detail of restricted or matured financial assets, segregating them for each of the sub-classifications in held for trading and those held at amortized cost; b) The book amount of financial assets pledged as guarantee for liabilities; and c) Description of the terms and conditions of financial assets pledged as guarantee for liabilities. The Provider Company will reveal for financial instruments at fair value, the following:
a) A detail, in tabulated form, of financial instruments measured at fair value, describing all pertinent clarifications related to these instruments. b) Information that allows users of its Financial Statements to evaluate the nature and scope of the risks arising from the financial instruments to which the Provider Company is exposed at the end of the period on which the report is made. Note 8. Accounts Receivable

8.1 Accounts Receivable from Third Parties
The Provider Company will reveal the following:
a) A detail accompanied by a description of the accounts that make up this item by type of participant in the business platform; and b) Any information necessary for a better understanding by users of the Financial Statements.
8.2 Accounts Receivable from Related Parties

9.1 Property, Plant, and Equipment
9.1.1. Disclosures
The Provider Company will reveal with respect to each of the classes of Property, Plant, and Equipment, the following information:
a) The gross book amount, accumulated depreciation, and accumulated amount of impairment losses, both at the beginning and at the end of each period; and b) A reconciliation table between the book values at the beginning and at the end of the period, showing:
i. Additions;
ii. Impairment losses recognized in the period's result;

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iii. Impairment losses that have been reversed and have been recognized in the period's result;
iv. Depreciation; and
v. Other changes.
9.1.2. Other Information to be Revealed
The Provider Company will also reveal:
a) The existence and corresponding amounts of ownership restrictions, as well as the Property, Plant, and Equipment that are affected as guarantee for the fulfillment of obligations; b) The amount of expenditures recognized in the book value, in the cases of elements of Property, Plant, and Equipment under construction; c) The amount of commitments to acquire Property, Plant, and Equipment; d) The amount of third-party compensations that are included in the period's result for elements of Property, Plant, and Equipment whose value had been impaired, lost, or delivered; e) The book amount of elements of Property, Plant, and Equipment that are temporarily out of service; f) The gross book amount of any Property, Plant, and Equipment that, being fully depreciated, are still in use; and g) The book amount of Property, Plant, and Equipment withdrawn from active use.

9.2 Intangible Assets

9.2.1. Disclosures
The Provider Company will reveal information for each of the classes of intangible assets, distinguishing between assets that have been generated internally and the others, according to the following detail:
a) The amortization methods used for intangible assets with finite useful lives; b) The gross book amount, accumulated amortization, and accumulated amount of impairment losses, at the beginning and at the end of the period;

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Validity: 15/11/2016 c) The line in the statement of comprehensive income in which the amortization, impairment losses, and gains from reversal of impairment losses of intangible assets are included; and d) A reconciliation that shows separately the following:
i. Increases, with separate indication of those resulting from internal developments and those acquired separately;
ii. Impairment losses recognized, in the period's result;
iii. Reversals of previous impairment losses, during the period, if any;
iv. The amount of amortization recognized during the period;
v. Net differences of changes derived from the conversion of Financial Statements to the presentation currency and from the conversion of a foreign operation to the presentation currency of the entity; and
vi. Other changes occurred in the book amount during the period.
9.2.2. Other Information to be Revealed
The Provider Company will also reveal:
a) A description of the book amount and remaining or residual amortization period of any individual intangible asset that is significant in the Financial Statements; b) Intangible assets with their book amount whose ownership has some restriction, as well as those that have been pledged as guarantee for debts; c) The amount of contractual commitments for the acquisition of intangible assets; d) The accumulated amount of expenditures for research and development that have been recognized as expenses during the period; e) Expenditures for research and development will include all that are directly attributable to research and development activities; f) A description of intangible assets that are fully amortized but are still in use; and g) A description of significant intangible assets controlled by the Provider Company but not recognized for not meeting the recognition criteria.

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9.3 Expenses for Depreciation and Amortization
The Provider Company shall disclose the details of expenses incurred for depreciation or amortization, allowing users to understand the integration of these components. Additionally, it shall add any necessary description to identify the various elements that give rise to expenses for the Provider Company under the indicated concepts. Note 10. Assets and Liabilities for Deferred Taxes The Provider Company shall disclose the following information separately:
a) With respect to each type of temporary difference, tax losses, and unused tax credits:
i. The amount of assets and liabilities for deferred taxes recognized in the Balance Sheet, for each period presented; and
ii. The amount of income or expenses for deferred taxes recognized in the period's result, if this information is not evident when considering the changes in the amounts recognized in the Balance Sheet.
b) The amount, and validity date if applicable, of deductible temporary differences, unused tax losses, or unused tax credits for which assets and liabilities for deferred taxes have not been recognized in the Balance Sheet; c) Explanation of changes in effective tax rates compared to the previous year; and d) Expiration date of deductible temporary differences. Note 11. Other Assets The Provider Company shall disclose the following information:
a) Identification of the assets that make up the line of other assets; b) Reconciliation of the amounts of these assets at the beginning of the period with the amounts at the end of the period; and c) Other information that is important for a better understanding by users of the Financial Statements. Note 12. Liabilities for Electronic Money The Provider Company shall disclose the detail of the balance included in electronic money accounts, that is, balances in favor of: clients or end-users, distributors, agents, and other participants who have electronic money registration in the Provider Company, and which must be reflected in the electronic platform where it records the allocations of electronic money made; it must also reflect the balance of electronic money intended to be provided and which has not yet been allocated in its clients' records or which the Provider Company converts for its own payments. Note 13. Loans Payable The Provider Company shall disclose the following information:
a) The amounts of loans obtained by class, for example: from local financial system entities, international financial entities, or it could be classified by purpose such as for working capital, for investment in fixed assets, for restructuring, among others; b) Interest rates at which the loans are contracted; c) Classification of the aforementioned loans by term; d) Terms and conditions under which the loans have been received from creditor entities; and e) Other information that the Provider Company considers important and pertinent for the better understanding of users of the financial information. Note 14. Accounts Payable The Provider Company shall disclose the following:
a) Detail by concepts of pending payment accounts for services received from third parties such as, for example, auditors, advertising and marketing services, fees for various advisory services, among others, related to management and operational activities; and b) Detail of taxes and withholdings payable. The Provider Company shall disclose detailed information that allows the reader to understand the integration of these accounts. Note 15. Provisions
15.1 Reconciliation of Provisions
The Provider Company shall disclose for each type of provision a reconciliation that shows the following information:
a) The book amount at the beginning and at the end of the period; b) The constitutions of new provisions made during the period, including also increases in existing provisions; c) The amounts used, being those applied or charged against the provision, during the period; d) The unused amounts that have been settled or reversed in the period; e) The increase during the period in the discounted amount arising from the passage of time and the effect of any change in the discount rate; f) Any other information necessary to generate the reconciliation of this line; and g) Classification of the amount established at the end of the reporting periods, into current and non-current.
15.2 Other Information to Disclose
The Provider Company shall also disclose, for each type of provision, the following information:
a) A brief description of the nature of the obligation incurred, as well as the expected schedule of economic benefit outflows resulting from it; b) An indication regarding uncertainties related to the amount or schedule of outflows of those resources; and c) The amount of any potential reimbursement, additionally informing of the quantity of assets that have been recognized to collect the expected potential reimbursements. Note 16. Equity The Provider Company shall disclose the following information:
a) For each class of shares:
i. The number of authorized shares;
ii. The number of issued and fully paid shares;
iii. The nominal value of the shares;
iv. A reconciliation between the number of shares in circulation at the beginning and at the end of the period;
v. The rights, privileges, and restrictions corresponding to each class of shares, including restrictions on the distribution of dividends and the repayment of capital;
vi. Shares whose issuance is reserved as a consequence of contracts for the sale of shares, including the corresponding conditions and amounts; and
vii. Amounts of authorized capital reductions by the supervisory body or for loss coverage and their corresponding repayment by terms, if applicable.
b) A description of the nature, composition, and destination of each additional element to share capital that appears in equity, such as uncaptured equity contributions, reserves, accumulated results from previous years and profits, as well as other non-distributable equity adjustments such as, for example, items of other comprehensive income, among others. Disaggregate to the extent necessary for a better understanding of the contents. In addition to the disclosures that the Provider Company makes in compliance with the aforementioned letter b), it shall specifically add in the order that the Provider Company considers pertinent within the indicated letter, the following descriptions:
16.1 Legal Reserve
The Provider Company shall describe the legal requirement established for the calculation of this reserve in the corresponding laws, the reserve constituted in the period being reported, the total amount it reaches, the percentage amount reached with respect to share capital, and any other information that management considers pertinent for a better understanding of users of the Financial Statements.
16.2 Distributable Profit
The Provider Company shall describe the legal requirement established in the corresponding laws, with respect to the retention of profits after the legal reserve, then proceeding to establish the distributable profit according to the following table:
Concept
Current Exercise
Previous Exercise
Integral Profit of the Exercise
US$
US$
Less:
Legal Reserve
Distributable Profit
US$
US$
Plus:
Distributable profit from previous exercises
Distributable Profit
US$
US$
16.3 Earnings per Share
The Provider Company shall disclose the following information:
a) The amounts used as numerators in the calculation of basic and diluted earnings per share and a reconciliation of said amounts with the period's result. The reconciliation will include the individual effect of each class of instrument that affects earnings per share; b) The weighted average of the number of ordinary shares used in the denominator for the calculation of basic and diluted earnings per share, and a reconciliation of the denominators with each other. The reconciliation will include the individual effect of each class of instruments that affects earnings per share; c) Instruments that could potentially dilute basic earnings per share in the future, but which have not been included in the calculation of diluted earnings per share because they have antidilutive effects in the period or periods for which information is reported; and d) A description of transactions with ordinary shares or potential ordinary shares, other than those registered according to the following subsection, that take place after the period for which information is reported and that would have significantly modified the number of ordinary shares or potential ordinary shares in circulation at the end of the period if those transactions had taken place before the close of the period for which information is presented. Increases or decreases in ordinary shares following are not included in the description of the aforementioned letter d): increases by capitalization of profits, a free issuance, or a stock split, or decreases that are a consequence of a share consolidation.
16.4 Dividends per Share
The Provider Company shall disclose the following information:
a) The amount of dividends proposed or declared before the Financial Statements were authorized for issuance but not recognized as a distribution to shareholders during the period and the related amount per share; and b) The amount of any unrecognized cumulative preferred dividends. Note 17. Contingent Liabilities and Contingent Assets The Provider Company shall disclose for each type of contingent liability at the end of the period for which information is reported, a brief description of its nature, for example: legal demands, capital commitments, financial guarantees, among others, and when possible:
a) An estimate of its financial effects; b) An indication of uncertainties related to the amount or schedule of resource outflows corresponding; and c) The possibility of obtaining potential reimbursements. When there is a probability of future inflow of a flow, the Provider Company shall disclose a brief description of the nature of contingent assets at the end of the period being reported, and when feasible, an estimate of the financial effects measured using the principles established to measure provisions. In those cases where situations involving contingent liabilities or contingent assets are not disclosed, because management considers that their disclosure could seriously harm the position of the Provider Company, it shall disclose the generic nature of the dispute along with the fact that information has been omitted and the reasons that led to taking such a decision. Note 18. Guarantees Granted A comparative information of two periods shall be included, detailed regarding the guarantees constituted by the Provider Company in favor of third parties; it must at minimum include the nature of the guarantees, issuer, representative of the benefits of the guarantee, amount, and validity of the same, among others. In this note, the guarantee referred to in Article 10 of the Law for Facilitating Financial Inclusion must not be included, because the disclosures of that guarantee are already established in other notes. Note 19. Income from Electronic Money Account Services The amounts recognized for commissions for services of providing electronic money shall be included. Note 20. Expenses for Electronic Money Account Services The detail of the amounts incurred for the provision of electronic money account management services shall be disclosed. Note 21. General Administrative and Personnel Expenses A summary of each of the expenses that make up general administrative and personnel expenses shall be disclosed by their nature. Additionally, it shall add any necessary description to identify the various elements that give rise to expenses for the Provider Company under the indicated concept. Note 22. Related Parties The Provider Company shall disclose regarding related parties the following information:
a) The relationships between the Provider Company and its related parties regardless of whether there have been transactions between them. It shall disclose the name of its parent company and, if different, the name of the ultimate controlling party; b) Remuneration of key management personnel in total and for each of the following categories:
i. Short-term employee benefits;
ii. Post-employment benefits;
iii. Other long-term benefits; and
iv. Termination benefits.
c) Transactions with related parties during the periods covered by the Financial Statements, indicating the nature of the relationship with the related party, as well as information about the transactions and pending balances, including commitments, that is necessary for users to understand the potential effect of the relationship on the Financial Statements. These information disclosure requirements are additional to those required in the aforementioned letter. As a minimum, the information to be disclosed shall include:
i. The amount of the transactions;
ii. The amount of pending balances, including commitments:

Their terms and conditions, including whether they are secured, as well as the nature of the consideration fixed for their settlement; and
Details of any guarantee granted or received;
iii. Estimates for doubtful debts relative to amounts included in pending balances; and
iv. The expense recognized during the period, relative to uncollectible or doubtful debts, arising from related parties.
Likewise, they shall disclose the conditions and requirements regarding related parties and transactions that are established according to the legal framework.
Note 23. Pending Litigation
The Provider Company shall disclose in detail judicial or administrative processes, in which it is sued and which are initiated by interested parties, in the normal course of its operations, of various kinds. These actions may positively or negatively impact legal or economic aspects of the Provider Company. Note 24. Significant Differences between International Financial Reporting Standards (IFRS) and Accounting Standards Issued by the Central Bank Standards Committee The Provider Company shall disclose, if they exist, the significant differences between IFRS and the principles according to which it keeps its accounting. Note 25. Events Occurring after the Period for Which Information is Reported The Provider Company shall disclose the following information:
a) Update of disclosures regarding conditions that existed at the date of the period being reported, in light of new information related to those conditions that has been obtained after the period being reported; and b) Regarding each significant category of events occurring after the period for which information is reported that do not imply adjustment:
i. The nature of the event; and
ii. An estimate of its financial effect, or a statement that such estimation cannot be made.
CHAPTER III
CHART OF ACCOUNTS

DESCRIPTION OF THE CODIFICATION METHOD
The Chart of Accounts contains the basic accounts required for the accounting recording of economic events that meet the conditions for their recognition or, failing that, originate contingent rights or obligations, enable the Provider Company to have future claims, evidence ownership or justify the existence of certain rights or obligations, indicating the number and name of the element, item, grouping, account, sub-account, and sub-sub-account. The Chart includes the codes and accounts that by regulation must be periodically reported to the Superintendence; consequently, for its internal records, it may disaggregate within each sub-sub-account the detail that best suits its needs.

The structure of the Chart of Accounts is identified as follows: Elements with one digit, Items with two digits, Groupings with four digits, Accounts with six digits, sub-accounts with eight digits, and sub-sub-accounts with ten digits, as exemplified below:
Element 1 ASSET
Item 11 CURRENT ASSET
Grouping 1100 CASH
Account 110000 CASH
Sub-account 11000000 GENERAL CASH
Sub-sub-account 1100000000 GENERAL CASH
Element 2 LIABILITY
Item 21 CURRENT LIABILITY
Grouping 2100 FOR ELECTRONIC MONEY
Account 210000 ELECTRONIC MONEY RECORDS
Sub-account 21000000 ELECTRONIC MONEY IN FAVOR OF HOLDERS OR CLIENTS Sub-sub-account 2100000000 OBLIGATIONS FOR ELECTRONIC MONEY ACCOUNTS Element 3 EQUITY Item 31 CAPITAL Grouping 3100 SHARE CAPITAL Account 310000 SUBSCRIBED CAPITAL Sub-account 31000000 SUBSCRIBED CAPITAL PAID Sub-sub-account 3100000000 SUBSCRIBED CAPITAL PAID The Chart of Accounts has been established with a six-level structure, which corresponds to the position occupied by the account; the meaning of each of the levels is as follows:
Level Meaning Values
First Account element in the Financial Statement 1 Asset 2 Liability 3 Equity 4 Expenses 5 Income 6 Contingent and Order Accounts 7 Contingent and Order Accounts by Contra Minimum value: 1 Maximum value: 9 Second Item of accounts in the Financial Statement 11 Current Asset 12 Non-Current Asset 21 Current Liability 22 Non-Current Liability 31 Capital 32 Reserves 33 Results to Apply 34 Restricted Equity Minimum Value: 1 Maximum value: 9 Third and Fourth Grouping Collects the groupings of accounts associated with the previous level. Identified by 4 digits. 1100 Cash 1101 Banks and Other Local Financial Entities 1102 Restricted Demand Deposits 1103 Financial Products Receivable 1104 Financial Investments 1105 Accounts Receivable 1106 Taxes 1107 Other Assets Minimum value: 00 Maximum value: 99 Fifth and Sixth Account Identifies the position of each account within each grouping. Identified by 6 digits. 110000 Cash 110001 Remittances in Transit 110100 Banks and Other Financial Entities Minimum value: 00 Maximum value: 99 Seventh and Eighth Sub-account Identifies the position of each sub-account within the accounts identified by 8 digits. 11000000 General Cash 11000100 Remittances in Transit Minimum value: 00 Maximum value: 99 Ninth and Tenth Sub-sub-account Identifies the detail Sub-sub-account for the recording of transactions. Identified by 10 digits. 1100000000 General Cash 1100010000 Remittances in Transit Minimum value: 00 Maximum value: 99

The Chart of Accounts to be used is presented in Annex No. 1 of this Accounting Manual.
CHAPTER IV
ACCOUNTING APPLICATIONS MANUAL
SECTION 1
ACCOUNTING APPLICATIONS MANUAL OF ASSETS

Element 1 ASSET
Item 11 CURRENT ASSET
This element comprises monetary resources in cash, demand bank deposits, products and accounts receivable, and prepaid expenses that are presented in the Balance Sheet along with cash equivalents. The following groupings, accounts, and sub-accounts correspond to this item:
Grouping 1100 CASH
Account 110000 CASH
Account 110001 REMITTANCES IN TRANSIT
This grouping represents monetary resources, available in treasury and offices of the central office, as well as local remittances in transit, for the development of the Provider Company's business. It shall be debited by the entry of cash, with credit to the accounts that will serve as the counterpart, according to the nature of the operation that generates the increase in cash. It shall be credited by the exit of cash, with debit to the accounts that will serve as the counterpart, according to the nature of the operation that generates the decrease.

Group 1101 LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS Account 110100 LOCAL BANKS AND OTHER FINANCIAL INSTITUTIONS This group must represent the amounts of money deposited in local banks and other entities of the local financial system, which the Provider Companies enable for the payment of their expenses and for the operation of their main activity. It is debited by the establishment of deposits, with credit to the accounts that serve as the counterpart, according to the nature of the operation that generates the opening as well as the increases in them. It is credited by the exit of cash, with debit to the accounts that serve as the counterpart, according to the nature of the operation that generates the disbursement.

Account 110101 OPERATIONS IN FAVOR PENDING CONFIRMATION This account recognizes the amounts that at the accounting close are still not confirmed by the banks in which the deposits or transfers in favor of the Provider Company have been made. It is debited by the Notes of Credit and/or remittances received from the Agents that at the close of the day are not confirmed by the Banks, with credit to the accounts that serve as the counterpart, according to the nature of the operation that will generate the increase in bank deposits. It is credited when the bank confirms the increase in deposits with debit to the deposit accounts that correspond.

Group 1102 RESTRICTED CHECKING DEPOSITS
This group must represent the amounts of money deposited in the Central Bank restricted because they will be used to back the electronic money accounts of the clients. Deposits in Banks and Other Entities of the Financial System that from their origin or during the validity of the accounts have been restricted by contractual or implicit conditions that oblige the administration of the Provider Company to present them separately for their fulfillment are also included.

Account 110200 CENTRAL BANK OF RESERVE
This account must represent the resources deposited and that serve as backing for the amount of electronic money that the Provider Company intends to provide to its clients, in accordance with what Article 10 of the Law for Facilitating Financial Inclusion establishes. The balance of this account at all times must be greater than or equal to the balance

Account 110201 LOCAL BANKS AND OTHER ENTITIES OF THE FINANCIAL SYSTEM This account records deposits that from their origin or during the validity of the accounts have been restricted by contractual or implicit conditions that oblige the administration of the Provider Company to present them separately for their fulfillment. That is, it will be used to record operations different from the electronic money provider service. It is debited with the cash and equivalents originated from their beginning as restricted and with the reclassified ones, and it is credited when the restrictive conditions disappear, returning them to their original condition, or when they have been used to comply with the conditions that originated their reclassification.

Group 1103 FINANCIAL PRODUCTS RECEIVABLE
Account 110300 LOCAL BANKS AND OTHER ENTITIES OF THE FINANCIAL SYSTEM This account will recognize all concepts of interest or similar that correspond to the yield generated by cash and accounts of local banks and other financial entities. It is debited by contractual interest and accrued yields and credited by recoveries in cash or by adjustments for balance correction to it originated by various causes.

Group 1104 FINANCIAL INVESTMENTS
This group includes investments in financial instruments acquired by the Provider Company with the purpose of keeping them for a period and converting them into cash in the short term and obtaining a gain as a result of their sale. This group presents investments in financial instruments acquired by the Provider Company with the purpose of keeping them for a period and converting them into cash in the short term and obtaining a gain as a result of their sale.

Account 110400 FINANCIAL ASSETS FOR TRADING AT FAIR VALUE WITH CHANGES IN RESULTS This account includes financial instruments for trading measured at fair value whose changes in value are applied to results, in accordance with the business model that the Provider Company has established for the management of its portfolio. It is debited by the amounts corresponding to the fair value of debt or equity instruments acquired by the Provider Company excluding transaction costs, which are applied directly to results, debiting the account.

Account 110401 FINANCIAL ASSETS AT AMORTIZED COST This account will present all financial assets for which the objective, according to the business model of the Provider Company, is to recover their contractual cash flows of principal and interest on specific dates in periods of one year. It includes sub-accounts to reflect the types of financial instruments, accrued yields, as well as adjustments for recognition of impairment.

Account 110402 RESTRICTED FINANCIAL INSTRUMENTS This sub-account will recognize financial assets held at fair value or amortized cost, which have been restricted by having been given as collateral or other type of restriction. These assets will be reclassified to their original accounts, at the moment that they are freed from all encumbrance.

Group 1105 ACCOUNTS RECEIVABLE
Account 110500 FOR ELECTRONIC MONEY SERVICES
This group will recognize the amounts of accounts receivable in favor of the Provider Company. (2) accrued for the services provided to the clients of the Provider Company Service. (2)

It is debited by accrued income with credit to the corresponding contra accounts of operating income. It is credited by the recovery of the income or when they are removed from the Balance due to established uncollectibility.

Account 110501 RELATED PARTIES
This account will record the amounts receivable from Related Parties with the Provider Company, and which at the close of the Financial Statements are pending collection.(2)

Account 110599 ESTIMATE OF UNCOLLECTABILITY FOR ACCOUNTS RECEIVABLE (CR) This account will record the estimate for accounts receivable of doubtful collection.
Amounts that according to established policies have not been recovered and there is no evidence of the possibility of collection will be applied to this account, and these will be recognized as expenses in the exercise in which such event is determined. It is credited with the amounts for accounts classified as uncollectible and debited when such balances are recovered partially or totally, or when the accounts receivable to which the corresponding estimate has been created is settled.

Group 1106 TAXES
Account 110600 VAT, FISCAL CREDIT
This group will register the values in favor of the Provider Company in the concept of taxes.
This account will register the value of the Tax on the Transfer of Movable Goods and on the Provision of Services charged to the Provider Company by suppliers, creditors, state institutions and others, in the acquisition of tangible goods or services, documented with fiscal credit receipts and/or merchandise declarations, duly registered in the corresponding purchase book. This account is debited by the amounts of the Tax on the Transfer of Movable Goods and on the Provision of Services (VAT), paid in the purchases of movable goods or acquisition of services, likewise it is debited by the amounts corresponding to the percentage of VAT withheld by large taxpayers for sales made to them, when applicable.

Furthermore, it is debited by the amount received by large taxpayers for purchases made to them. It is credited monthly when the payment to the fiscal authority is made.
In all cases, the sub-accounts will be used to the extent that they are applicable.

Account 110601 INCOME TAX ON CURRENT PROFITS
Sub-account 11060100 PAYMENT ON ACCOUNT
It is used to register the amounts of payment on account established on the amount of the monthly fiscal period gross income to be declared with credit to the sub-account It is debited by the amounts of the tax determined, which is subject to payment in cash or to compensation with remaining balances of said tax. It is credited, with its annual settlement when determining the income tax, resulting in a settlement against the tax payable or transfer to the account Remaining Taxes on Profits.

Sub-account 11060101 WITHHELD TAXES
The amounts of tax withheld by third parties are registered with credit to the affected financial asset with the withholding.
It is debited by the amounts of the Income Tax withheld by Financial Institutions or third parties.
It is credited, with its annual settlement when determining the income tax, resulting in a settlement against the tax payable or transfer to the account Remaining Taxes on Profits.

Sub-account 11060102 REMAINING INCOME TAX ON PROFITS This sub-account represents a balance in favor of the Provider Company for the excess of advance payment on account paid, which can be deducted in subsequent fiscal periods, is the

It is affected with debit by the amount established as remaining when settling, with debit

Group 1107 OTHER ASSETS
This group must represent the acquisition cost of the different goods, services and rights that are used for the development of the operations of the Provider Company's business. It is debited with the acquisition value of the different goods, services and rights. It is credited with the amount when settled against expense accounts or by sale of the rights on the registered assets.

Account 110700 INVENTORIES
Account 110701 PREPAID EXPENSES
These accounts collect the disbursements incurred in goods and services that will be used or will accrue as expenses, within a term of one year, throughout the accounting period or in subsequent periods and that meet the definition of an asset. The corresponding amounts will be applied to the corresponding expense applying the policy that the Provider Company has for such effects.

Item 12 NON-CURRENT ASSET
This item comprises tangible and intangible assets that the Provider Company has acquired for the development of its operations and that form part of the structure to function, including deferred income taxes.

Group 1200 NON-DEPRECIABLE PROPERTIES
Account 120000 LAND
Account 120001 CONSTRUCTIONS IN PROCESS
This group presents the value of goods that by their nature are not subject to depreciation. These assets are subject to the recognition of impairment loss whenever the book value of the asset is greater than its recoverable amount.

The accounts that make up this group will be debited at the time of purchase, by their acquisition value, with credit to cash and local banks and other financial entities accounts of cash or well to accounts payable. They will be credited:

In the case of sale of the asset.
At the end of constructions in process with debit to the account that corresponds.(1)
If gains or losses arise from the sale or liquidation, they will be credited or debited to the

Group 1201 PROPERTIES, PLANT, EQUIPMENT AND INTANGIBLES Account 120100 BUILDINGS Account 120101 INSTALLATIONS Account 120102 TRANSPORT EQUIPMENT Account 120103 FURNITURE AND OFFICE EQUIPMENT Account 120104 ASSETS TAKEN UNDER FINANCIAL LEASE Account 120105 INTANGIBLES These accounts recognize the assets of the Properties, Plant and Equipment subject to depreciation and the intangible assets subject to amortization that are destined for the development of the activities of the Provider Company. These assets are subject to the recognition of impairment loss whenever the book value of the asset is greater than its recoverable amount. The Provider Company will value in its initial recognition, all items of Properties, Plant, Equipment and intangibles at acquisition cost. For the case of assets acquired under financial lease, their initial cost will be the lower value between the fair value of the leased asset and the present value of the payments except the transaction cost. Subsequent to their recognition as an asset, any item of the Properties, Plant, Equipment and Intangibles, including the financial leases incorporated in this account, will be accounted for by its acquisition cost less accumulated depreciation or amortization, as well as any amount of impairment loss.

In account 120105 Intangibles, assets such as licenses, computer programs, among others, will be recognized.

Account 120199 ACCUMULATED DEPRECIATION, AMORTIZATION AND IMPAIRMENT (CR) Sub-account 12019900 ACCUMULATED DEPRECIATION (CR) Sub-account 12019901 ACCUMULATED AMORTIZATION (CR) Sub-account 12019902 ACCUMULATED IMPAIRMENT (CR) Sub-account 12019900 is credited with the amounts of periodic depreciation with Sub-account 12019901 is credited with the amounts of amortizations of intangible assets with debit (1) Sub-account 12019902 is credited with the amounts of impairment losses or the account that corresponds.

Impairment registration:
Impairment by Impairment of
Reversal of
The new book value of the asset after the reversal of an impairment loss will not exceed the book value that could have been obtained net of depreciation if an impairment loss for the asset had not been recognized in previous periods.

Group 1202 TAXES
Account 120200 DEFERRED INCOME TAX ON PROFITS
This account registers the amounts of taxes on profits to be recovered in future periods, related to deductible temporary differences.

It is debited, initially, by the amount of deferred tax assets computed, applying the current tax rates, on the deductible temporary differences that at the date they are constituted increase fiscal income and whose future reversal will increase fiscal expenses thereby decreasing the future tax payable, with credit to Deductible (Balance It is credited when the deductible temporary differences constituted in Reversal of Temporary Differences It is debited or credited, as appropriate, in subsequent reviews, generally at the close of the accounting exercise, when the administration makes the corresponding adjustments based on the temporary differences registered in previous periods and those established in the current period. It must be kept in mind that, on some occasions, deferred assets or deferred liabilities for temporary differences will affect equity accounts instead of income accounts; in such case, the equity account will be registered net of the corresponding asset or liability; example: revaluations of Property, such asset or liability for deferred tax will be reversed gradually as the asset or liability that affected equity is realized or removed from the Balance. The criteria that gave rise to the registration of these assets must be evaluated at least at each annual closing date. The Provider Company must have a control register that allows the reliable identification of the assets or liabilities that generate the temporary differences and the values corresponding to such differences, both of the current period and of previous ones, which will facilitate the reconciliations and appropriate disclosures on the expenses and income of the income taxes. The book value of deferred tax assets and liabilities may change, even when the amount of the corresponding temporary differences has not changed. This may happen, for example, as a result of:
a) A change in tax rates or regulations; b) A reassessment of the recoverability of deferred tax assets; or c) A change in the expected manner of recovering the book value of an asset.

The deferred tax, corresponding to these changes, will be recognized in the statement of results except to the extent that it relates to items previously charged or credited directly to equity accounts.

Group 1203 LONG-TERM FINANCIAL INVESTMENTS
This group presents all investments in financial instruments at Amortized Cost, made by the Provider Company, with terms greater than one year, other than accounts receivable and other financial instruments classified at fair value with changes in results. The treatment of income and expenses for taxes both current and deferred is aligned with the financial framework; the effects of the application of the fiscal framework are not treated here.

Group (3) 1299 (3) OTHER NON-CURRENT ASSETS (3) This group presents all those values in favor of the Provider Company that meet the conditions for their recognition, and that have not been included in the groups described above. (3)

SECTION 2
ACCOUNTING APPLICATIONS MANUAL OF LIABILITIES

Element 2 LIABILITY
Item 21 CURRENT LIABILITY
In this element, obligations incurred by the Provider Company for normal operations of its business derived from the services of providing electronic money are presented, based on the characteristics of electronic money established in Article 6 of the Law for Facilitating Financial Inclusion and the accounts payable and taxes that originate from the realization of its purpose which is limited to that of providing electronic money. The current liability item represents the obligations of the Provider Company whose maturity is less than one year.

Group 2100 FOR ELECTRONIC MONEY
Account 210000 ELECTRONIC MONEY RECORDS

Sub-account 21000000 ELECTRONIC MONEY IN FAVOR OF HOLDERS OR CLIENTS Sub-account 21000001 PENDING ASSIGNMENT ELECTRONIC MONEY This group includes the obligations of the Provider Companies that derive from the contracts signed with the agents, as well as with the clients for the provision of electronic money provider services, which according to their characteristics do not constitute deposits in any of their modalities, likewise it includes the value of electronic money that the Provider Company intends to provide to its clients or that it will use to make its own payments in electronic money. Sub-account 21000000 Electronic Money in Favor of Holders or Clients is credited by the sums that the clients deliver or credit to the Provider Companies and is debited with the payments that the Provider Company makes to third parties by express instruction of its clients. Sub-account 21000001 Pending Assignment Electronic Money is credited by the cash sums that the Provider Company deposits in the Central Bank for future assignments of electronic money in favor of its clients or to make its own payments and is debited by the electronic money amounts credited in favor of its clients, in this case with credit to sub-account 21000000 Electronic Money in Favor of Holders or Clients. Its balance represents the value of electronic money that the Provider Company has registered on the electronic platform in favor of third parties and the electronic money that it intends to provide and that it already has available on said platform.

Account 210001 OPERATIONS IN CONTRA PENDING COMPENSATION It is used to register payment operations carried out by the Provider Company and that at the close have not yet been confirmed by the agents. It is credited with the payment instructions to the agents and that at the accounting close have not been confirmed with debit to liability or expense accounts, as appropriate. It is debited when the Agents confirm the receipt of the payment with credit to the account of the group Local Banks and Other Financial Entities, as appropriate.

Account 210002 COMMISSIONS PAYABLE FOR ELECTRONIC MONEY SERVICES This account is used to record commissions pending payment to agents, distributors, and other participants with whom the Provider Companies have contracts to provide electronic money services, which at the accounting close have already been accrued.

Group 2101 LOANS AND OVERDRAFTS WITH BANKS AND OTHER ENTITIES OF THE FINANCIAL SYSTEM Account 210100 OVERDRAFTS WITH BANKS AND OTHER ENTITIES OF THE LOCAL FINANCIAL SYSTEM Account 210101 LOANS WITH BANKS AND OTHER ENTITIES OF THE LOCAL FINANCIAL SYSTEM Account 210102 LOANS WITH BANKS AND FOREIGN FINANCIAL INSTITUTIONS Account 210103 FINANCIAL EXPENSES FOR PENDING OVERDRAFTS AND LOANS PAYMENT This group includes financings and overdrafts obtained from Banks and Other Entities of the Local Financial System which are aimed at covering the liquidity needs of the Provider Company, as well as the accrual of interest and other costs that arise from these financings and overdrafts.

Group 2102 ACCOUNTS PAYABLE
This group will register accounts payable and documented obligations arising from the main purpose of the Provider Company and from the acquisition of assets for infrastructure and services for its operation, as well as from other activities it carries out. They are credited with the amounts of assumed obligations when assets and/or services are received with a debit to the affected accounts which will generally be expense or asset accounts. They are debited when the assumed obligations are paid with a credit to cash and bank and other local financial entity accounts or others, as required.

Group 2103 TAXES
Account 210300 VAT CREDIT TAX
This group will be increased by crediting it with the amounts collected in the concept of VAT in transactions for the provision of services subject to the application of the respective Law. It will be debited by liquidating it against the VAT Payable account. In the event that credits are greater than fiscal debits, the difference will be transferred to the subaccount Account 210301 INCOME TAX ON CURRENT EARNINGS Subaccount 21030100 PAYMENT ON ACCOUNT This is used to recognize the payment obligation for the current tax corresponding to the present period and to previous ones, to the extent that it has not been liquidated. Its operation is as follows:
It is credited, initially, for the payment obligation on account, with a debit to the subaccount It is debited on the date that the Provider Company remits the payment to the corresponding tax authorities. Subaccount 21030101 INCOME TAX ON EARNINGS OF THE EXERCISE It is credited, initially and subsequently, at the end of each monthly period, for the amount of tax calculated based on the expenses and income of each monthly close with a debit to this account constituted throughout the accounting exercise. It is reversed with a debit at the end of the fiscal obligations total at the end of the period starting from zero. At the end of the accounting period, it is credited for the definitive amount established in the concept of income tax, being the amount recognized in this account computed by applying the tax rate on fiscal earnings, with a debit to this account. This subaccount is debited, subsequently, with a credit to the subaccounts

The creditor balance that remains from this netting will represent the income tax pending payment which will be liquidated with a credit to cash and bank and other local financial entity accounts or another account that corresponds. In the event that the balance remaining after the netting is a debtor balance, such amount will be transferred with a debit to Account 210302 SPECIAL CONTRIBUTIONS BY LAW Subaccount 21302000 CITIZEN SECURITY PLAN - LARGE TAXPAYERS This account represents the special contribution for the citizen security plan that the entity is required to pay. This account will be credited with the monthly increases and debited with the monthly decreases of the same and when the tax is paid.

Item 22 NON-CURRENT LIABILITIES
Represents the set of obligations, on behalf of the Provider Company, whose payment obligation or maturity occurs at more than one year term.

Group 2200 LONG-TERM LOANS
Account 220000 LOANS WITH BANKS AND OTHER ENTITIES OF THE LOCAL FINANCIAL SYSTEM Account 220001 LOANS WITH BANKS AND FOREIGN FINANCIAL INSTITUTIONS This group will register obligations contracted by the Provider Company with third parties, domiciled or not domiciled, whose maturity term is greater than one year term. It is credited with the financings received from financial institutions for a term greater than one year. It will be debited with the reclassification of the current portion or with the total cancellation of the obligation.

Group 2201 OBLIGATIONS FOR LEASES
Account 220100 OBLIGATIONS FOR FINANCIAL LEASES Account 220101 OBLIGATIONS UNDER OPERATIVE LEASES Represents the future payments in which the Provider Company will incur in financial and operative leases. It is credited with the value of future payments to more than one year in favor of the lessor. It will be debited with the amounts paid for the contracted obligation or by the reclassification of the short-term portion.

Group 2202 DEFERRED INCOME TAX
Account 220200 DEFERRED INCOME TAX
This account will register the amounts of taxes on earnings to be paid in future periods, related to taxable temporary differences.
It will be credited, initially, for the amount of deferred taxes computed, applying the current tax rates, on the taxable temporary differences that at the date they are constituted increase fiscal expenses, consequently reducing the tax to be paid and whose future reversal will increase fiscal income. Constitution of Taxable Temporary Differences (Creditor Balance) It will be debited in the following cases:
a) When the taxable temporary differences constituted in previous periods are reversed.
Reversal of b) In subsequent reviews, generally at the close of the accounting exercise, when the administration makes the corresponding adjustments based on the temporary differences registered in previous periods and those established in the current period, if the result implies a downward adjustment. It must be kept in mind that on some occasions assets for deferred taxes or liabilities for deferred taxes for temporary differences will affect equity accounts instead of income accounts; in such a case, the equity account will be registered net of the asset or liability for the corresponding tax; for example, in the revaluations of property, plant and equipment, etc. Such asset or liability for deferred tax will be reversed gradually as the asset or liability that affected equity is realized or removed from the Balance Sheet. The criteria that gave rise to the registration of these liabilities must be evaluated at least at each annual closing date.

Group 2203 PROVISIONS
This group represents obligations registered by the Provider Company in the concept of future obligations; which are based on legal regulations or in internal policies of this Company. Its recognition will take place, only if the following three conditions are met:
a) If the Provider Company has a present obligation as a result of a past event; b) If it is probable that the Provider Company will have to part with resources that incorporate economic benefits to cancel such an obligation; and c) If the Provider Company can make a reliable estimate of the amount of the obligation.

Account 220300 LABORAL
This account represents the obligations assumed for some or all of the following concepts:
Estimation of dismissal indemnification, voluntary retirements, other benefits related to the termination of the labor relationship, etc., which, or are contemplated in the legal framework that governs labor obligations or are an implicit assumption due to the historical behavior of the Provider Company with respect to them. It will be credited for the estimated amount of the assumed obligation with a debit to the account It will be debited:
a) When the provision is applied, for its payment, with a credit to cash and bank and other local financial entity accounts, or by its recognition in accounts payable; or b)

Account 220301 FOR JUDICIAL LAWSUITS
This account will represent the loss estimates, according to the best estimate applied by the Provider Company, in relation to lawsuits filed against it and for whose negative resolution, the Provider Company considers its occurrence probable, which could originate an outflow of economic resources. It will be debited:
a) When the provision is applied, for its payment, with a credit to cash and bank and other local financial entity accounts, or by its recognition in accounts payable; and b)

Account 220302 ONEROUS CONTRACTS
An onerous contract is one in which the inevitable costs of fulfilling the committed obligations are greater than the benefits expected to be received from it.
If the Provider Company has an onerous contract, the final debt that derives from it must be recognized and measured as a provision.

Account 220399 OTHER PROVISIONS
This account will be affected by any other provision that meets the conditions for its recognition and that is not one of those cited above. in case that such are different.

Group (3) 2299 (3) OTHER NON-CURRENT LIABILITIES (3) In this group, all those obligations of the Provider Company that meet the conditions for their recognition, and that have not been included in the previously cited groups, are presented. (3)

SECTION 3
ACCOUNTING APPLICATIONS MANUAL OF EQUITY

Item 3 EQUITY
This element recognizes all those items that meet the definition of equity, which is defined as the residual participation in the assets of the Provider Company after deducting all its liabilities. This can be subdivided, among others, in funds contributed by shareholders, profits pending distribution, specific reserves originating from profits and reserves for adjustments to maintain capital.

Item 31 CAPITAL
Group 3100 SOCIAL CAPITAL
Account 310000 SUBSCRIBED CAPITAL
This group registers the total of the shares subscribed for the constitution of the initial social capital of the Provider Company.
It is credited for the subscribed capital and for successive expansions, with a debit to the accounts of cash and banks and other local financial entities, which correspond in payment of the competent body. It is debited for the reductions authorized by the supervisory entity with a credit to cash and bank and other financial entity accounts, accounts payable, loss amortization, etc., in any case, the one that corresponds.

Account 310001 UNPAID SUBSCRIBED CAPITAL
This account will be initially affected with a debit for the amounts corresponding to unpaid social capital subscription and subsequently it will be credited for the amortized calls that are carried out based on the constitution statutes of the Provider Company or other legal character that apply.

Item 32 RESERVES
Group 3200 CAPITAL RESERVES
Group 3201 OTHER MANDATORY RESERVES
Group 3202 VOLUNTARY RESERVES
Capital reserves are originated as an appropriation of the profits of the exercise or of retained profits and their constitution has a specific purpose, by legal mandate, by internal policies or statutes of the Provider Company. They are credited for the amount designated annually in the concept of the specific reserve corresponds.

For profits generated by the Provider Company, due to restrictions included in its Deed of Constitution or that it has been decided not to distribute in the General Meeting of Shareholders. It is debited when the restriction for its use or distribution is eliminated.

Item 33 RESULTS TO APPLY
Group 3300 RESULTS OF PREVIOUS EXERCISES
Group 3301 RESULTS OF THE PRESENT EXERCISE
These groups are credited (debited) with the amounts that represent the profits (losses) generated in previous periods or in the present exercise and for which the Provider Company has not yet taken decisions on their final destination. They are credited (debited) with the amounts of net results obtained at the end of each accounting period, with a debit (credit) to the income accounts, on the date that the cited ones are liquidated. At the close of the accounting exercise, the results of the present exercise are transferred to results of previous exercises.

Item 34 RESTRICTED EQUITY
Group 3400 ADJUSTMENTS BY VALUATION OF OTHER COMPREHENSIVE INCOME ACCUMULATED In this group, the amounts that at the close of the exercise have been Consequently, these amounts will be accumulated from the current exercise and previous exercises while the items that gave rise to them remain within the General Balance Sheet.

Group 3401 OTHER COMPREHENSIVE INCOME
This group will receive with a credit or debit, depending on the nature that the movement or the item presents at the moment of its recognition, of all those amounts that represent gains or losses on items whose valuation requires that the gains or losses on them be recognized within equity.

Account 340100 REVALUATIONS
This account will be increased by crediting it with the amounts of revaluations of value carried out on the entity's real estate or other class of assets that are subject to revaluation of value and the latter affects the financial statements. The amounts of revaluation established and that affect the financial statements will be presented at net values by applying with a debit or credit, whichever corresponds, to It will be debited when the amounts of revaluation established are negative, that is, amounts lower than those established previously, with a credit to the value of the affected asset or to the asset value correction account if applicable. On this same date, the value of the tax established in this account will be corrected.

Account 340101 FOREIGN EXCHANGE CONVERSION DIFFERENCES It will register expenses for exchange losses and in the purchase and sale of foreign currency related to foreign currency operations.

Account 340102 TAXES
In this account, the taxes that correspond to each of the items recognized in other comprehensive income will be registered. This account has an application similar to the tax expense account incorporated in the income accounts.

SECTION 4
ACCOUNTING APPLICATIONS MANUAL OF EXPENSES

Item 4 EXPENSES

Item 41 OPERATING EXPENSES
This element includes operating expense accounts related to the activities carried out by the Provider Company in the development of its main purpose of providing electronic money. It includes expenses originated by services received from electronic money correspondents, as well as other expenses that arise from its main activity; general administrative and personnel expenses as well as by depreciation, amortization, and impairment of its assets.

Group 4100 EXPENSES FOR ELECTRONIC MONEY ACCOUNT SERVICES Expenses are registered in this group for the cost of commissions that Provider Companies pay to Agents for the opening of electronic money records; the cost of bank commissions and other expenses that arise from the exclusive activity they carry out. They are charged by the accrual of commissions and by the receipt of services in sub-subaccounts of cash or bank account and other local entities if at the moment of their registration the respective payment is made.

Group 4101 GENERAL ADMINISTRATIVE AND PERSONNEL EXPENSES This group is debited for expenses incurred in the concept of items such as remuneration, staff benefits, advertising and marketing, professional fees, and other expenses of officials and employees with a credit to the accounts of or others, whichever correspond.

Group 4102 EXPENSES FOR DEPRECIATION, IMPAIRMENT, AND AMORTIZATION OF ASSETS The accounts that make up this group are debited for the amounts recognized as depreciation or amortization expense based on the systematic distribution assigned to the goods incorporated in each of the cited accounts; with a credit to the sub

Group 4103 OTHER OPERATING EXPENSES
Expenses that the Provider Company incurs for various concepts that are necessary for its operation are registered in this group with a credit to the for pending payment expenses.

Item 42 FINANCIAL EXPENSES
Group 4200 EXPENSES FOR FINANCIAL INVESTMENTS
Group 4201 EXPENSES FOR OBLIGATIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS Costs of commissions and other expenses that are generated by stock market investments and by the financings that the Provider Company acquires either to place funds in financial investments or to obtain financings to cover liquidity needs, through loans and financings with local and foreign institutions, are included in the groups of this item.

Item 43 INCOME TAXES
In this item, all concepts related to income tax, both current and deferred, and likewise both income and expenses for this concept, are applied.

Group 4300 EXPENSES FOR INCOME TAXES
Account 430000 EXPENSE FOR INCOME TAX
Subaccount 43000000 CURRENT INCOME TAX EXPENSE This group is affected by debiting it with the amounts corresponding to the fiscal taxes of the exercise, that is, the taxes that result from applying the tax rate on fiscal profit.

Subaccount 43000001 CONSTITUTION OF TAXABLE TEMPORARY DIFFERENCES (DEBTOR BALANCE) This subaccount will be affected with a debit for the amounts corresponding to the constitution of deferred tax liabilities that originate from applying the tax rate on the taxable temporary differences constituted. This subaccount increases fiscal expenses on the date of its constitution, consequently reducing the current taxes to be paid to the tax authority.

Subaccount 43000002 REVERSAL OF DEDUCTIBLE TEMPORARY DIFFERENCES (DEBTOR BALANCE) This subaccount will be affected with a debit for the amounts corresponding to the reversal of deferred tax assets that originate from applying the tax rate on the reversed deductible temporary differences. This subaccount increases fiscal expenses on the date of its reversal, consequently reducing the current taxes to be paid to the tax authority.

Subaccount 43000003 CONSTITUTION OF DEDUCTIBLE TEMPORARY DIFFERENCES (CREDITOR BALANCE)

Section 1
ACCOUNTING APPLICATIONS MANUAL OF ASSETS

Element 1 ASSETS

Rubric 11 CURRENT ASSETS

Aggregation 1100 CASH AND CASH EQUIVALENTS

Account 110000 CASH
This account will be debited with the amounts corresponding to cash on hand, whether in national or foreign currency, and credited with the amounts disbursed.

Account 110001 BANK CHECKS
This account will be debited with the amounts corresponding to bank checks received, and credited with the amounts deposited in banks or disbursed.

Account 110002 CASH IN TRANSIT
This account will be debited with the amounts corresponding to cash in transit, and credited with the amounts deposited in banks or disbursed.

Account 110003 SHORT-TERM BANK DEPOSITS
This account will be debited with the amounts corresponding to short-term bank deposits, and credited with the amounts withdrawn or disbursed.

Account 110004 OTHER CASH AND CASH EQUIVALENTS This account will be debited with the amounts corresponding to other cash and cash equivalents, and credited with the amounts withdrawn or disbursed.

Aggregation 1101 FINANCIAL INVESTMENTS

Account 110100 FINANCIAL INVESTMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS This account will be debited with the amounts corresponding to financial investments at fair value through profit or loss, and credited with the amounts sold or written off.

Account 110101 FINANCIAL INVESTMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME This account will be debited with the amounts corresponding to financial investments at fair value through other comprehensive income, and credited with the amounts sold or written off.

Account 110102 FINANCIAL INVESTMENTS HELD TO MATURITY This account will be debited with the amounts corresponding to financial investments held to maturity, and credited with the amounts collected or sold.

Account 110103 AVAILABLE FOR SALE FINANCIAL INVESTMENTS This account will be debited with the amounts corresponding to available for sale financial investments, and credited with the amounts sold or written off.

Account 110104 OTHER FINANCIAL INVESTMENTS
This account will be debited with the amounts corresponding to other financial investments, and credited with the amounts sold or written off.

Aggregation 1102 ACCOUNTS RECEIVABLE, NET

Account 110200 ACCOUNTS RECEIVABLE FROM CUSTOMERS This account will be debited with the amounts corresponding to accounts receivable from customers, and credited with the amounts collected or written off.

Account 110201 ALLOWANCE FOR DOUBTFUL ACCOUNTS This account will be credited with the amounts corresponding to the allowance for doubtful accounts, and debited with the amounts written off.

Account 110202 OTHER ACCOUNTS RECEIVABLE
This account will be debited with the amounts corresponding to other accounts receivable, and credited with the amounts collected or written off.

Aggregation 1103 TAXES

Account 110300 CURRENT TAXES
This account will be debited with the amounts corresponding to current taxes, and credited with the amounts paid or refunded.

Account 110301 DEFERRED TAXES
This account will be debited with the amounts corresponding to deferred taxes, and credited with the amounts paid or refunded.

Aggregation 1104 OTHER ASSETS

Account 110400 PREPAID EXPENSES
This account will be debited with the amounts corresponding to prepaid expenses, and credited with the amounts expensed.

Account 110401 DEPOSITS AND GUARANTEES
This account will be debited with the amounts corresponding to deposits and guarantees, and credited with the amounts returned or forfeited.

Account 110402 OTHER CURRENT ASSETS
This account will be debited with the amounts corresponding to other current assets, and credited with the amounts used or written off.

Rubric 12 NON-CURRENT ASSETS

Aggregation 1200 PROPERTY, PLANT AND EQUIPMENT

Account 120000 LAND
This account will be debited with the amounts corresponding to land, and credited with the amounts sold or written off.

Account 120001 BUILDINGS
This account will be debited with the amounts corresponding to buildings, and credited with the amounts sold or written off.

Account 120002 MACHINERY AND EQUIPMENT
This account will be debited with the amounts corresponding to machinery and equipment, and credited with the amounts sold or written off.

Account 120003 VEHICLES
This account will be debited with the amounts corresponding to vehicles, and credited with the amounts sold or written off.

Account 120004 FURNITURE AND FIXTURES
This account will be debited with the amounts corresponding to furniture and fixtures, and credited with the amounts sold or written off.

Account 120005 ACCUMULATED DEPRECIATION
This account will be credited with the amounts corresponding to accumulated depreciation, and debited with the amounts written off.

Aggregation 1201 INTANGIBLE ASSETS

Account 120100 SOFTWARE
This account will be debited with the amounts corresponding to software, and credited with the amounts sold or written off.

Account 120101 PATENTS AND LICENSES
This account will be debited with the amounts corresponding to patents and licenses, and credited with the amounts sold or written off.

Account 120102 GOODWILL
This account will be debited with the amounts corresponding to goodwill, and credited with the amounts sold or written off.

Account 120103 OTHER INTANGIBLE ASSETS
This account will be debited with the amounts corresponding to other intangible assets, and credited with the amounts sold or written off.

Account 120104 ACCUMULATED AMORTIZATION
This account will be credited with the amounts corresponding to accumulated amortization, and debited with the amounts written off.

Account 120105 IMPAIRMENT LOSSES
This account will be debited with the amounts corresponding to impairment losses, and credited with the amounts reversed or written off.

Aggregation 1202 TAXES

Account 120200 DEFERRED TAX ASSETS
This account will be debited with the amounts corresponding to deferred tax assets, and credited with the amounts used or written off.

Aggregation 1203 LONG-TERM FINANCIAL INVESTMENTS

Account 120300 LONG-TERM FINANCIAL INVESTMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS This account will be debited with the amounts corresponding to long-term financial investments at fair value through profit or loss, and credited with the amounts sold or written off.

Account 120301 LONG-TERM FINANCIAL INVESTMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME This account will be debited with the amounts corresponding to long-term financial investments at fair value through other comprehensive income, and credited with the amounts sold or written off.

Account 120302 LONG-TERM FINANCIAL INVESTMENTS HELD TO MATURITY This account will be debited with the amounts corresponding to long-term financial investments held to maturity, and credited with the amounts collected or sold.

Account 120303 OTHER LONG-TERM FINANCIAL INVESTMENTS This account will be debited with the amounts corresponding to other long-term financial investments, and credited with the amounts sold or written off.

Section 2
ACCOUNTING APPLICATIONS MANUAL OF LIABILITIES

Element 2 LIABILITIES

Rubric 21 CURRENT LIABILITIES

Aggregation 2100 ELECTRONIC MONEY

Account 210000 ELECTRONIC MONEY ISSUED
This account will be credited with the amounts corresponding to electronic money issued, and debited with the amounts redeemed or written off.

Account 210001 ELECTRONIC MONEY REDEEMED
This account will be debited with the amounts corresponding to electronic money redeemed, and credited with the amounts issued.

Aggregation 2101 LOANS AND OVERDRAFTS WITH BANKS AND OTHER FINANCIAL SYSTEM ENTITIES

Account 210100 SHORT-TERM LOANS
This account will be credited with the amounts corresponding to short-term loans, and debited with the amounts paid or written off.

Account 210101 SHORT-TERM OVERDRAFTS
This account will be credited with the amounts corresponding to short-term overdrafts, and debited with the amounts paid or written off.

Account 210102 OTHER SHORT-TERM BORROWINGS
This account will be credited with the amounts corresponding to other short-term borrowings, and debited with the amounts paid or written off.

Aggregation 2102 ACCOUNTS PAYABLE

Account 210200 ACCOUNTS PAYABLE TO SUPPLIERS
This account will be credited with the amounts corresponding to accounts payable to suppliers, and debited with the amounts paid.

Account 210201 ACCOUNTS PAYABLE TO EMPLOYEES
This account will be credited with the amounts corresponding to accounts payable to employees, and debited with the amounts paid.

Account 210202 OTHER ACCOUNTS PAYABLE
This account will be credited with the amounts corresponding to other accounts payable, and debited with the amounts paid.

Aggregation 2103 TAXES

Account 210300 CURRENT TAXES PAYABLE
This account will be credited with the amounts corresponding to current taxes payable, and debited with the amounts paid.

Account 210301 DEFERRED TAXES PAYABLE
This account will be credited with the amounts corresponding to deferred taxes payable, and debited with the amounts paid.

Rubric 22 NON-CURRENT LIABILITIES

Aggregation 2200 LONG-TERM LOANS

Account 220000 LONG-TERM LOANS
This account will be credited with the amounts corresponding to long-term loans, and debited with the amounts paid or written off.

Aggregation 2201 LEASE OBLIGATIONS

Account 220100 LEASE OBLIGATIONS
This account will be credited with the amounts corresponding to lease obligations, and debited with the amounts paid.

Aggregation 2202 DEFERRED INCOME TAX

Account 220200 DEFERRED INCOME TAX
This account will be credited with the amounts corresponding to deferred income tax, and debited with the amounts paid or reversed.

Aggregation 2203 PROVISIONS

Account 220300 PROVISIONS FOR EMPLOYEE BENEFITS This account will be credited with the amounts corresponding to provisions for employee benefits, and debited with the amounts paid.

Account 220301 PROVISIONS FOR WARRANTIES
This account will be credited with the amounts corresponding to provisions for warranties, and debited with the amounts paid.

Account 220302 OTHER PROVISIONS
This account will be credited with the amounts corresponding to other provisions, and debited with the amounts paid.

Section 3
ACCOUNTING APPLICATIONS MANUAL OF EQUITY

Element 3 EQUITY

Rubric 31 SHARE CAPITAL

Account 310000 SHARE CAPITAL
This account will be credited with the amounts corresponding to share capital, and debited with the amounts returned or cancelled.

Rubric 32 CAPITAL RESERVES AND OTHER RESERVES

Account 320000 CAPITAL RESERVES
This account will be credited with the amounts corresponding to capital reserves, and debited with the amounts used.

Account 320001 LEGAL RESERVES
This account will be credited with the amounts corresponding to legal reserves, and debited with the amounts used.

Account 320002 OTHER RESERVES
This account will be credited with the amounts corresponding to other reserves, and debited with the amounts used.

Rubric 33 RESULTS TO BE APPLIED

Account 330000 CURRENT YEAR RESULTS
This account will be credited with the amounts corresponding to current year results, and debited with the amounts transferred to retained earnings or losses.

Account 330001 RETAINED EARNINGS
This account will be credited with the amounts corresponding to retained earnings, and debited with the amounts distributed or losses.

Account 330002 ACCUMULATED LOSSES
This account will be debited with the amounts corresponding to accumulated losses, and credited with the amounts recovered.

Rubric 34 RESTRICTED EQUITY

Account 340000 RESTRICTED EQUITY
This account will be credited with the amounts corresponding to restricted equity, and debited with the amounts released.

Account 340001 MINIMUM RESERVE REQUIREMENTS
This account will be credited with the amounts corresponding to minimum reserve requirements, and debited with the amounts released.

Section 4
ACCOUNTING APPLICATIONS MANUAL OF EXPENSES

Element 4 EXPENSES

Rubric 41 OPERATING EXPENSES

Aggregation 4100 EXPENSES FOR ELECTRONIC MONEY ACCOUNT SERVICES

Account 410000 EXPENSES FOR ELECTRONIC MONEY ACCOUNT SERVICES This account will be debited with the amounts corresponding to expenses for electronic money account services, and credited with the amounts paid or accrued.

Aggregation 4101 GENERAL ADMINISTRATIVE AND PERSONNEL EXPENSES

Account 410100 SALARIES AND WAGES
This account will be debited with the amounts corresponding to salaries and wages, and credited with the amounts paid or accrued.

Account 410101 SOCIAL SECURITY CONTRIBUTIONS
This account will be debited with the amounts corresponding to social security contributions, and credited with the amounts paid or accrued.

Account 410102 OTHER PERSONNEL EXPENSES
This account will be debited with the amounts corresponding to other personnel expenses, and credited with the amounts paid or accrued.

Account 410103 OFFICE EXPENSES
This account will be debited with the amounts corresponding to office expenses, and credited with the amounts paid or accrued.

Account 410104 RENT AND LEASES
This account will be debited with the amounts corresponding to rent and leases, and credited with the amounts paid or accrued.

Account 410105 UTILITIES
This account will be debited with the amounts corresponding to utilities, and credited with the amounts paid or accrued.

Account 410106 INSURANCE
This account will be debited with the amounts corresponding to insurance, and credited with the amounts paid or accrued.

Account 410107 OTHER GENERAL ADMINISTRATIVE EXPENSES This account will be debited with the amounts corresponding to other general administrative expenses, and credited with the amounts paid or accrued.

Aggregation 4102 DEPRECIATION, IMPAIRMENT AND AMORTIZATION EXPENSES

Account 410200 DEPRECIATION EXPENSE
This account will be debited with the amounts corresponding to depreciation expense, and credited with the accumulated depreciation.

Account 410201 IMPAIRMENT LOSS EXPENSE
This account will be debited with the amounts corresponding to impairment loss expense, and credited with the impairment losses.

Account 410202 AMORTIZATION EXPENSE
This account will be debited with the amounts corresponding to amortization expense, and credited with the accumulated amortization.

Aggregation 4103 OTHER OPERATING EXPENSES

Account 410300 PROFESSIONAL FEES
This account will be debited with the amounts corresponding to professional fees, and credited with the amounts paid or accrued.

Account 410301 AUDIT FEES
This account will be debited with the amounts corresponding to audit fees, and credited with the amounts paid or accrued.

Account 410302 LEGAL FEES
This account will be debited with the amounts corresponding to legal fees, and credited with the amounts paid or accrued.

Account 410303 MARKETING AND ADVERTISING EXPENSES This account will be debited with the amounts corresponding to marketing and advertising expenses, and credited with the amounts paid or accrued.

Account 410304 TRAVEL AND ENTERTAINMENT EXPENSES This account will be debited with the amounts corresponding to travel and entertainment expenses, and credited with the amounts paid or accrued.

Account 410305 OTHER OPERATING EXPENSES
This account will be debited with the amounts corresponding to other operating expenses, and credited with the amounts paid or accrued.

Rubric 42 FINANCIAL EXPENSES

Aggregation 4200 EXPENSES FROM FINANCIAL INVESTMENTS

Account 420000 INTEREST EXPENSE
This account will be debited with the amounts corresponding to interest expense, and credited with the amounts paid or accrued.

Account 420001 FINANCIAL LEASE EXPENSE
This account will be debited with the amounts corresponding to financial lease expense, and credited with the amounts paid or accrued.

Account 420002 OTHER FINANCIAL EXPENSES
This account will be debited with the amounts corresponding to other financial expenses, and credited with the amounts paid or accrued.

Aggregation 4201 EXPENSES FROM BANK DEPOSITS

Account 420100 BANK FEES AND COMMISSIONS
This account will be debited with the amounts corresponding to bank fees and commissions, and credited with the amounts paid or accrued.

Account 420101 OTHER BANK EXPENSES
This account will be debited with the amounts corresponding to other bank expenses, and credited with the amounts paid or accrued.

Rubric 43 TAXES

Aggregation 4300 CURRENT TAXES

Account 430000 CURRENT INCOME TAX EXPENSE
This account will be debited with the amounts corresponding to current income tax expense, and credited with the amounts payable.

Account 430001 OTHER CURRENT TAXES
This account will be debited with the amounts corresponding to other current taxes, and credited with the amounts payable.

Aggregation 4301 DEFERRED TAXES

Account 430100 DEFERRED INCOME TAX EXPENSE
This account will be debited with the amounts corresponding to deferred income tax expense, and credited with the deferred tax liabilities.

Account 430101 OTHER DEFERRED TAXES
This account will be debited with the amounts corresponding to other deferred taxes, and credited with the amounts payable.

Aggregation 4300001 CONSTITUTION OF DEFERRED TAX ASSETS This account will be credited with the amounts corresponding to the constitution of deferred tax assets that arise from applying the tax rate on deductible temporary differences established. This account increases fiscal income on the date of its constitution, consequently increasing current taxes payable to the tax authority.

Aggregation 4300004 REVERSAL OF TAXABLE TEMPORARY DIFFERENCES (CREDIT BALANCE) This account will be credited with the amounts corresponding to the reversal of deferred tax liabilities that arise from applying the tax rate on reversed taxable temporary differences. This account increases fiscal income on the date of its reversal, consequently increasing current taxes payable to the tax authority.

Rubric 44 SPECIAL CONTRIBUTIONS

Aggregation 4400 SPECIAL CONTRIBUTIONS BY LAW

Account 440000 SPECIAL CONTRIBUTION FOR CITIZEN SECURITY AND CONVIENCE The net amount of this rubric 44 is equivalent to the income tax, established on profits, that is, accounting profits multiplied by the tax rate. It will be used to record the expense related to the special contribution for citizen security and convenience for communications services and asset acquisition. It will be debited for the value of withholdings made by withholding agents.

Account 440001 CITIZEN SECURITY PLAN - LARGE TAXPAYERS PLAN This account must represent the value of the provision for the Special Contribution to Large Taxpayers for the Citizen Security Plan, which must be made monthly based on accumulated profit. It will be debited when the provision for the Special Contribution to Large Taxpayers for the Citizen Security Plan increases and for which

Rubric 49 OTHER EXPENSES

Aggregation 4900 OTHER EXPENSES
Other operating expenses that are necessary for the functioning of the Provider Company and whose concepts are not included in the previous accounts are recorded in this aggregation.

SECTION 5
ACCOUNTING APPLICATIONS MANUAL OF INCOME

Element 5 INCOME

Rubric 51 OPERATING INCOME

In the accounts of this rubric, income corresponding to all income accrued by the Provider Company that derives from its main purpose is recorded.
The sub-subaccounts of this rubric are debited with the amounts corresponding to financial income from commissions, whether they are collected or are outstanding at the end of the accounting period, or any other gain that has been accrued during the current period or in previous periods.

Aggregation 5100 COMMISSIONS FOR ELECTRONIC MONEY OPERATIONS SERVICES

Commissions accrued by the Provider Company that originate from the electronic money accounts it enables for its customers are recorded in this aggregation.
It is credited with the amounts accrued for this concept with a debit to the corresponding accounts receivable or to cash accounts if payment is on the date of accrual.

Aggregation 5101 OTHER OPERATING INCOME

Other income that the Provider Company obtains that does not originate from the development of its main purpose, but originates from its functioning, is recognized in this aggregation.

Rubric 52 FINANCIAL INCOME

Aggregation 5200 INCOME FROM FINANCIAL INVESTMENTS

In the aggregations of this rubric, income from sales of financial assets, gains from changes in fair value of financial instruments, effective interest accrued, and gains from adjustments to financial investments held at amortized cost by the Provider Company are recorded. It is credited with the amounts accrued for this concept with a debit to the corresponding financial products accounts receivable and/or cash if upon recording its accrual payment is received.

Rubric 53 OTHER INCOME

Aggregation 5300 GAINS FROM REVERSAL OF ASSET IMPAIRMENT

In this aggregation, increases in the value of the Provider Company's assets are recorded, when a loss for asset impairment had previously been recognized, with a debit to the corresponding asset accounts, up to the amount of previously recognized losses.

Aggregation 5399 OTHER

In this aggregation, any other income-flows received by the Provider Company that correspond to income not classified in any of the previous descriptions and that are not of its normal business will be recorded.

SECTION 6
ACCOUNTING APPLICATIONS MANUAL OF CONTINGENT AND MEMO ACCOUNTS

Element 6 CONTINGENT AND MEMO ACCOUNTS

Rubric 61 COMMITMENT CONTINGENT ACCOUNTS
DEBIT

Aggregation 6100 OPEN LAWSUITS AGAINST THE
COMPANY

Account 610000 OPEN LAWSUITS AGAINST THE
COMPANY

This element considers the amounts that represent contingent liabilities, not recorded in element 2 Liability, that is, those events that according to the knowledge the Provider Company has of them, at the date of the financial statements, it is not probable that a present real obligation exists due to them and the possibility that a resource outflow occurs due to them is probable in the future.

Aggregation 6199 OTHER CONTINGENT ACCOUNTS

Account 619900 OTHER CONTINGENT ACCOUNTS

In this aggregation, all those other contingent operations that had not been treated in the previous aggregations and that require their recognition are recorded.
In this rubric, the amounts that must be controlled in non-financial accounts will be recorded, such as the contingent amounts that could favor the Provider Company, due to open lawsuits by the entity against third parties; and from which the possibility of some monetary settlement in favor arises.

Aggregation 6201 GUARANTEES ESTABLISHED IN FAVOR OF THE COMPANY

Represents the guarantees received by the Provider Company, which are recorded at market value or nominal value, whichever is lower when they correspond to values and based on the commercial value determined by an appraiser for pledge and mortgage guarantees.

Aggregation 6202 OWN VALUES AND ASSETS CEDED AS COLLATERAL

In this aggregation, the values and assets of the Provider Company that have been ceded as collateral will be recorded.

SECTION 7
ACCOUNTING APPLICATIONS MANUAL OF CONTINGENT AND MEMO ACCOUNTS BY CONTRA

Element 7
CONTINGENT AND MEMO ACCOUNTS BY
CONTRA

Rubric 71 COMMITMENT CONTINGENT ACCOUNTS
DEBIT BY CONTRA

Aggregation 7100 OPEN LAWSUITS AGAINST THE
COMPANY BY CONTRA

Aggregation 7199 OTHER CONTINGENT ACCOUNTS BY CONTRA

Rubric 62 MEMO ACCOUNTS

Aggregation 6200 OPEN LAWSUITS BY THE
COMPANY

This rubric and its aggregations are used as contra-accounts of all contingent accounts developed in rubric 61.

Rubric 72 MEMO ACCOUNTS BY CONTRA

Aggregation 7200 OPEN LAWSUITS BY THE
COMPANY BY CONTRA

Aggregation 7201 GUARANTEES ESTABLISHED IN FAVOR OF THE COMPANY BY CONTRA

Aggregation 7202 OWN VALUES AND ASSETS CEDED AS COLLATERAL BY CONTRA

This rubric will serve as contra-account of all memo sub-subaccounts developed in rubric 62.

CHAPTER V
FINANCIAL STATEMENT MODELS

Model 1
NAME OF THE PROVIDER COMPANY
Balance Sheet
Balances as of xx of xx (current year) and of (previous year) (Expressed in thousands of United States dollars) Note ( Current Year) (Previous Year) Assets US$ US$ Current Assets Cash and Cash Equivalents (1100 to 11041/) 5 and 6 Financial Investments (1104) 7 Accounts Receivable, Net (1105) 8 Taxes (1106) Other Assets (1107) 11 Non-Current Assets Property, Plant and Equipment (1200 + 1201- (120105+12019901)) 9.1 Intangibles (120105+12019901) 9.2 Taxes (1202) 10 Long-Term Financial Investments (1203) 7 Total Assets Liability Current Liability For Electronic Money (2100) 12

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
Loans and Overdrafts with Banks and Other Entities of the Financial System (2101) 13 Accounts Payable (2102) 14 Taxes (2103) 14 b) Non-Current Liability Long-Term Loans (2200 ) 13 Lease Obligations (2201) Deferred Income Tax (2202) 10 Provisions (2203) 15 Total Liabilities Equity 16 Share Capital (3100) Capital Reserves and Other Reserves (3200 to 3202) Results to Apply (3300 to 3301) Restricted Equity (3400 to 3401) Total Equity Total Liability and Equity 1/) Portion of financial investments that meet the conditions to be considered as Cash Equivalents. The notes on pages _ to __ are an integral part of these financial statements.

Model 2

NAME OF THE PROVIDER COMPANY
Statement of Comprehensive Income
For the period from __ to _______
(Expressed in thousands of United States dollars)

Note
(Current Semester)
(Previous Semester)
OPERATING INCOME 19 US$ US$
Commissions for Services (5100)
Other Operating Income (5101)
OPERATING EXPENSES
Expenses for Electronic Money Account
Services (4100) 20
General Administrative and Personnel
Expenses (4101) 21
Expenses for Depreciation, Impairment and
Amortization of Assets (4102)
Other Operating Expenses (4103)

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
OPERATING RESULTS
Net Financial Gains (Losses) (5200-
(4200+4201))
Other Income (Expenses) (53-(49))
CURRENT YEAR PROFIT (LOSS)
OTHER COMPREHENSIVE INCOME
Revaluations (340100)
Foreign Exchange Conversion Differences (
340101)
Taxes and Others (340102+340199)
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD
Earnings per Share from continuing operations attributable to shareholders during the year (expressed in ___per share):
16.3 and
16.4
Basic
Diluted
The notes are an integral part of these Financial Statements.

Model 3

NAME OF THE PROVIDER COMPANY

Statement of Changes in Equity
For the years ending xx of xx (current semester) and of (previous semester) (Expressed in thousands of United States dollars) CONCEPTS Notes Capital Reserves Results to Apply Restricted Equity Total Equity Balance at January 01 of 20x1 16 Effects of correction of errors Effects of changes in accounting policies Re-expressed Balance

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
Increases
Decreases in
Share Capital
Dividends Paid
Constitution,
Increases and
Decreases in
Reserves
Net Transfers of
Realized Results
Increases
Decreases in
Other Comprehensive
Income
The notes on pages _ to __ are an integral part of these Financial Statements.

Model 4
NAME OF THE PROVIDER COMPANY
Statement of Cash Flows
Years ending xx of xx of (Current Semester) and of (Previous Semester) (Expressed in thousands of United States dollars) Note (Current Semester) (Previous Semester) Cash flows from operating activities: US$ US$ Collection of Commissions for Services Rendered (+) Recovery of Accounts Receivable (+) Increases in Electronic Money Accounts (+) Decreases in Electronic Money Accounts (-) Increase in Restricted Deposit at Central Reserve Bank (-) Decrease in Restricted Deposit at Central Reserve Bank (+) Payments to Personnel (-) Payments to Service Providers (-) Tax Payments (-) Other Collections related to activity (+) Other Payments related to activity (-) Net cash provided (used) by operating activities Cash flows from investing activities Income from Interest on Bank Deposits (+) Income from Returns on Financial Investments (+) Sales of Financial Investments (+)

Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador.
Tel. (503) 2281-8000 www.bcr.gob.sv
CNBCR-11/2016
NASF-06
ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval:
26/10/2016
Validity: 15/11/2016
Purchases of Financial Investments (-)
Payment of Commissions on Stock Market Investments (-) Acquisition of Property, Plant and Equipment (-) Acquisition of Intangibles (+) Sales of Property, Plant and Equipment (+) Sale of Intangibles (+) Net cash provided (used) by investing activities Cash flows from financing activities Payment of Subscribed Shares (+) Dividend Payments (-) Payment of Installments and Commissions on Loans and Overdrafts Banks (-) Disbursements of Loans Acquired from Banks and Financial Institutions (+) Income from Other Financing Activities (+) Expenses from Other Financing Activities (-) Net cash provided (used) in financing activities Net Increase (Decrease) in Cash and Cash Equivalents US$ US$ Cash and Cash Equivalents at January 01 Cash and Cash Equivalents at xx of xxxxx 5 and 6 US$ US$ The notes on pages _ to __ are an integral part of these Financial Statements.

CHAPTER VI
OTHER PROVISIONS AND VALIDITY

SANCTIONS

Non-compliance with the provisions contained in this Manual will be sanctioned in accordance with what is established in the Law of Supervision and Regulation of the Financial System.

UNFORESEEN ASPECTS

Aspects not foreseen in regulatory matters in this Manual will be resolved by the Standards Committee of the Central Bank.

VALIDITY
These Standards will enter into force as of the fifteenth of November of two thousand sixteen.

(1) Modification approved based on the generic procedure agreed upon by the Standards Committee of the Central Reserve Bank in Session CN-01/2016, of February 24, 2016. Modification validity from September 05, two thousand seventeen. (2) Modifications approved by the Central Bank through its Standards Committee, in Session No. CN-13/2020, of date August nineteen, two thousand twenty, with validity from September seven, two thousand twenty. (3) Modifications approved by the Central Reserve Bank through its Standards Committee, in Session No. CN-10/2022, of date November 15, two thousand twenty-two, with validity from December 2, two thousand twenty-two.

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