Accounting Manual for Electronic Money Provider Companies

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THE STANDARDS COMMITTEE 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 start of operations of Electronic Money Provider Companies, that such 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 due 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 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. (3) 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 Standards Committee of the Central Bank of Reserve, the approval of the Technical Standards for the elaboration, approval, presentation, and dissemination of 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 creation 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:

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ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES

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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

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CHAPTER I GENERAL PROVISIONS

1. INTRODUCTION

This "Accounting Manual for Electronic Money Provider Companies", hereinafter the Manual, aims to define the set of norms that establish 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 becoming 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 at least the following: a) Identify the 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) Record 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. For this purpose, said Provider Companies must present to the Superintendence, prior to the start 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 the operation and functioning thereof, 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, record, and report the transactions of Provider Companies.

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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 Provider Company's Financial Statements, 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 Code of Commerce. 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 from the 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. The legal accounting books will be kept in bound and paginated books, on 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. Explain in what manner operations will be recorded in the legalized accounting records; and d) Detail of auxiliary books to be kept and the method of recording operations in them.

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4.2.3. Description of Computerized Information Systems

a) Design of the computerized accounting system. The content of this letter comprises a description of the method 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 version detail; iv. Method of data capture: in this particular area, it must be specified whether the content of the database is generated by the system through automatic calculation or corresponds to information captured through 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 to operate.

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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 the 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 Standards Committee of the Central Bank.

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Prior to the agreement of the Standards Committee of the Central Bank, Provider Companies must account for the operation or transaction temporarily in one of the accounts they deem appropriate. 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 Provider Company's operations, 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 chief accountant the technical preparation of the same. The Provider Company must define the profile that the personnel it hires must meet to perform its accounting operations, in order that the activities and operations it performs are carried out efficiently and effectively. 6.2. Timeliness of Accounting Recording The accounting of transactions will be carried out as they are carried out, they will be recorded in chronological order and in the accounts whose title corresponds to their nature. The Provider Company must carry out the daily cut-off 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.

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The Provider Company must designate a responsible official as well as its respective substitute, to timely comply with 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 the information relating to the months of June and December of each year, which must be sent within ten (10) business days of the immediate subsequent month. The Provider Company must present its Financial Statements to the Superintendence, in the formats, deadlines, periodicity, and under the grouping standards dictated in this Manual. These Financial Statements are the only valid for all effects, whether for approval in the General Shareholders' Meeting, 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 thereto, that are sent to the Superintendence, must be presented obligatorily with the signatures of the chief 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

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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

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From the previous table, the Trial Balance will be the only one sent to the Superintendence through electronic means in accordance with the mechanisms that it informs through 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 sending of the information requested in this Manual, which will be communicated within a maximum period of thirty (30) days following 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 sending of the Financial Statements is carried out free of arithmetic errors or in the structure of the file, the Provider Company must perform prior validations before sending information designed by the Superintendence for its sending. The technical characteristics of the files, as well as the transmission and reporting medium, will be mandatory compliance by the Provider Company.

7.5. Level of Opening 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 that may require 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.

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9. 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 oppose these norms. The movement and balance of accounts will be recorded in the main books and that of sub-accounts in auxiliary books that are considered necessary. The main books that must be legalized are the following: a) Journal; b) General Ledger; and c) Financial Statements Book. In case the Provider Company considers it convenient and necessary, they may legalize the Journal and the General Ledger in a single Journal-Ledger. The figures entered in the main books and in the auxiliary books must be presented in absolute values including cents with two decimals. The Financial Statements entered in the respective Book must be presented in a comparative form with the figures of 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 Movable Goods and the Provision of Services, which must comply with what is established in the Tax Code and its respective application 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

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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 Meeting 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 that may be required by regulations issued by the Central Bank or by another competent authority.

10. INTERNAL CONTROL APPLIED TO ACCOUNTING RECORDS The Provider Company will establish internal control systems directed to reasonably ensure 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 derived clearly from them, which will maintain the necessary correlation both among themselves, when appropriate, as 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 the costs and returns of the different centers, business lines, or other aspects of interest for adequate management control.

11. REGISTRATION AND ARCHIVING OF ACCOUNTING DOCUMENTATION The operations that are registered in the books mentioned in item 9, must be backed 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 backs up its operations, in chronological order, including the Financial Statements that are 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 periods established in articles 451 and 455 of the Commercial Code.

12. 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 item c) of this item. 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.

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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, in the notes to the Financial Statements, this circumstance will be sufficiently reasoned and its influence on the equity, the financial situation, and the results of the Provider Company will be explained.

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 of material errors and is neutral, that is, it is free of 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 similar 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, in order to facilitate the analysis, evaluation, supervision, and audit of management and adequate accountability.

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On the other hand, clarity implies that, based on a reasonable knowledge of economic activities, accounting, and corporate finance, users of 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 applying obligatorily 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 from the hypothesis of going concern. 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 is adopted in the application of Accounting Principles within the alternatives that, if any, allow, 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.

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12.3.4. Non-Compensation In no case can the items of assets and liabilities of the Balance Sheet, nor those of expenses and income of the Statement of Comprehensive Income, be offset, unless IFRS specifically allow or require it, 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 must not 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 PRESENTATION OF FINANCIAL STATEMENTS

1. OBJECTIVE This Section aims to establish the method of presentation of Financial Statements.

2. SCOPE The methods that must be applied by the Provider Company for the presentation of the Balance Sheet, the Statement of Comprehensive Income, and the Statement of Cash Flows are established.

3. CRITERIA FOR PRESENTATION OF ELEMENTS OF FINANCIAL STATEMENTS Presentation refers to the way of incorporating accounting information into Financial Statements, such 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
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 assets and liabilities, 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 that are 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 that will 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; the same 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

1. OBJECTIVE This Section aims to establish procedures that allow the preparation, presentation, and disclosure of Financial Statements, in accordance with regulatory requirements of the Standards Committee of the Central Bank 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.

2. 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 carrying out the disclosure of information for each line of the 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.

3. 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 Standards Committee of the Central Bank 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 decimals; 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 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 originate them within the asset, among others. In these cases, such accounts must be presented in parentheses.

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4. FINANCIAL STATEMENTS The Financial Statements that must be prepared with reference to December 31 are: the 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 regarding 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. Furthermore, a 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 restatement of items in its Financial Statements, or when it reclassifies items in its Financial Statements. The Financial Statements must be presented in comparative form for the same previous period.

5. ADDITIONAL NOTES The Provider Company may incorporate additional notes it deems convenient for greater clarification of its figures and operations, without altering the sequential number designated to the notes established in this Manual.

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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 that are published must be signed by the signatures of the Comptroller General, and the President or Legal Representative; and must be accompanied by the interim report or external auditor's opinion, when 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 send to the Superintendence the certification of the point of the Board of Directors minutes in which said Financial Statements were presented and authorized. The Financial Statements to be published, their notes, and the corresponding interim report of the external auditor as of June 30, must be sent 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 point of the minutes of the General Shareholders' Meeting session where the content of the Financial Statements were presented and authorized and their publication was agreed upon, must be sent to the Superintendence.

7.2. Annual Financial Statements The annual Financial Statements and the certification of the point of the Board of Directors minutes in which they were authorized, plus the corresponding external auditor's opinion, must be sent by the Provider Company to the Superintendence, no later than five (5) business days before the General Shareholders' Meeting of the Provider Company is held, in which they will be known for their approval. The annual Financial Statements must be considered and approved by the General Shareholders' Meeting, in the first meeting held after the reference date of said Financial Statements, leaving written record in the respective minutes about their review and sending copies of said minutes to the Superintendence no later than the last day of the publication deadline for the Financial Statements. In case of observations or objections by the General Shareholders' Meeting, these

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must be reported immediately to the Superintendence.

8. DISCLOSURE OF THE FINANCIAL STATEMENTS The set of Financial Statements that are delivered to shareholders, those published in the annual report and in general any disclosure of them, must include all Financial Statements, their notes in full and the external auditor's opinion. The Provider Company, in accordance with current legal norms, must publish the Financial Statements as of thirty-one (31) December of each year together 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 are an integral part of them and therefore are 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 of the same immediate previous period, the remaining Financial Statements will be presented with their similar from the immediate previous accounting year. (2) Likewise, it must publish, quarterly, on the Provider Company's 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 anew, in the same newspaper of national circulation in which it was originally published, accompanied by its explanatory note proposed by the Provider Company and approved by the Superintendence. A correction notice will be published when they are errors that do not alter the Financial Statements, otherwise what is established in the previous paragraphs must be carried out. In case 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 give a deadline for the Provider Company to publish said corrected Financial Statements and in case 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 of 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 Management Report to be presented at the General Shareholders' 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 Management Report; and b) The Management Report must contain as a minimum: i. Identification of the Provider Company; ii. Registry Entry in the Public Registry of the Superintendence; iii. President's letter; iv. Main achievements; v. Description of the company; vi. Detail of Shareholders; vii. Board of Directors; viii. Administration and personnel; ix. Remuneration in global form 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 Management Report will be sent to the Superintendence within a period of ten (10) business days after being approved by the General Shareholders' 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 that corresponds according to 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 being reported; b) Description of the nature of the Financial Statements; c) Closing date of the period on which it is reported or the period covered by the Financial Statements; d) Legal form of the Provider Company, country of incorporation, address of its social domicile or main domicile where it develops its activities, if this were different from the social one; e) Description of the nature of the Provider Company's operations and main activities;

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f) Duration of the life of the Provider Company 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. Bases of Preparation

a) Declaration on the Bases of Preparation: the standards used in the preparation of the Financial Statements have been issued by the Committee of Standards of the Central Bank. The Financial Statements have been prepared by the Provider Company based on the standards issued by the Central Bank that are 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 the 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 estimate and criterion applied 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 elaboration 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 inside and outside the Balance 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 pay 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, deposit accounts in banks 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 Statement of Cash Flows with the equivalent items on which it reports in the Balance Sheet.

Furthermore, 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 of the same.

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; and the balance of electronic money for the Provider Company's payment obligations 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 electronic money records liability account.

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 carry out 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 that arise from the financial instruments to which the Provider Company is exposed at the end of the period on which it is reported. In the case that there are contracts for operations with derivative financial instruments for risk management, the Provider Company will reveal in tabulated form the following information: type of derivative financial instrument, notional amount of the contract, fair value of the contract on 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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c) Classification of the portfolio according to the extent 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 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 fair value financial instruments, the following: a) A detail, in tabulated form, of financial instruments measured at fair value, describing all relevant clarifications related to these instruments. b) Information that allows users of its Financial Statements to evaluate the nature and scope of the risks that arise from the financial instruments to which the Provider Company is exposed at the end of the period on which it is reported.

Note 8. Accounts Receivable

8.1 Accounts Receivable 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 of the users of the Financial Statements.

8.2 Accounts Receivable Related Parties

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If there are related parties, the Provider Company will reveal the amounts receivable between the Provider Company and said parties.

8.3 Other Accounts Receivable The Provider Company will reveal a description of the other accounts receivable, including the following: a) When there are payments on behalf of users, it must clearly reveal the concepts, amounts and the conditions under which said payments were made; b) The amount corresponding to financial income receivable; and c) The impairment recognized during the year and the reversals of impairment. Additionally, it must include other disclosures that are necessary for a better understanding for users of the Financial Statements.

8.4 Accounts Receivable Estimation of Uncollectability The Provider Company will present a detail of the constitution of estimates of uncollectability for accounts receivable, by type of account and if there is any reversal of impairment, present said detail.

Note 9. Physical and Intangible Assets

9.1 Properties, Plant and Equipment

9.1.1. Disclosures The Provider Company will reveal with respect to each of the classes of Properties, 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. The additions; ii. Impairment losses recognized in the result of the period;

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iii. Impairment losses that have been reversed and have been recognized in the result of the period; iv. Depreciation; and v. Other changes.

9.1.2. Other Information to Reveal The Provider Company will also reveal: a) The existence and corresponding amounts of ownership restrictions, as well as the Properties, 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 Properties, Plant and Equipment under construction; c) The amount of commitments to acquire Properties, Plant and Equipment; d) The amount of third-party compensations that are included in the result of the period for elements of Properties, Plant and Equipment whose value had been impaired, lost or delivered; e) The book amount of elements of Properties, Plant and Equipment that are temporarily out of service; f) The gross book amount of any Properties, Plant and Equipment that, being fully depreciated, are still in use; and g) The book amount of Properties, 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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Alameda Juan Pablo II, between 15 and 17 Av. Norte, San Salvador, El Salvador. Tel. (503) 2281-8000 www.bcr.gob.sv Page 38 of 74 CNBCR-11/2016 NASF-06 ACCOUNTING MANUAL FOR ELECTRONIC MONEY PROVIDER COMPANIES Approval: 26/10/2016 Validity: 15/11/2016 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 will add any necessary description to know the various elements that generate 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 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 preceding letter. As a minimum, the information to be disclosed includes: i. The amount of transactions; ii. The amount of pending balances, including commitments: • Their terms and conditions, including if they are guaranteed, 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.

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1. 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, lacking that, originate contingent rights or obligations, enable the Provider Company the right to future claims, evidence ownership or justify the existence of certain rights or obligations, indicating the number and name of the element, item, group, account, sub-account, and sub-sub-account. The Catalog includes the codes and accounts that by regulation must be sent periodically to the Superintendence, consequently, for its internal records it may disaggregate within each sub-sub-account the detail that best suits its needs.

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Level	Meaning	Values
Minimum Value: 1
Maximum Value: 9
Second Item of accounts in the Financial Statement
11 Current Assets
12 Non-Current Assets
21 Current Liabilities
22 Non-Current Liabilities
31 Capital
32 Reserves
33 Results to Apply
34 Restricted Equity
Minimum Value: 1
Maximum Value: 9
Third and Fourth	Grouping	Collects the account groupings 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

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Level	Meaning	Values
Ninth and Tenth	Sub-sub-account	Identifies the detail sub-sub-account for transaction recording. 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 FOR ASSETS

Element 1 ASSET Item 11 CURRENT ASSETS 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 business of the Provider Company. It will be debited for the entry of cash, with credit to the accounts that serve as the counterpart, according to the nature of the operation that generates the increase in cash. It will be credited for the exit of cash, with debit to the accounts that serve as the counterpart, according to the nature of the operation that generates the decrease.

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Grouping 1101 BANKS AND OTHER LOCAL FINANCIAL ENTITIES Account 110100 BANKS AND OTHER FINANCIAL ENTITIES This grouping must represent the amounts of money deposited in banks and other entities of the local financial system, which the Provider Companies enable for the payment of their expenses and for the operability of their main activity. It will be debited for 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 will be credited for the exit of cash, with debit to the accounts that serve as the counterpart, according to the nature of the operation that generates the expenditure.

Account 110101 OPERATIONS IN FAVOR PENDING CONFIRMATION Amounts that at the accounting close are still not confirmed by the banks in which deposits or transfers in favor of the Provider Company have been made are recorded in this account. It will be debited by the Credit Notes and/or remittances received from 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 will be credited when the bank confirms the increase in deposits with debit to the deposit accounts that correspond.

Grouping 1102 RESTRICTED DEMAND DEPOSITS This grouping must represent the amounts of money deposited in the Central Bank restricted because they will be used to back the electronic money accounts of 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 are also included.

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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 is established in article 10 of the Law for Facilitating Financial Inclusion. The balance of this account at all times must be greater than or equal to the balance

Account 110201 BANKS AND OTHER ENTITIES OF THE LOCAL FINANCIAL SYSTEM 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 are recorded in this account. That is, it will be used to record operations other than the electronic money provider service. It will be debited with the cash and equivalents originated from their start as restricted and with the reclassified ones, and it will be credited when the relevant restrictive conditions disappear, returning them to their original condition, or when they have been used to comply with the conditions that originated their reclassification.

Grouping 1103 FINANCIAL PRODUCTS RECEIVABLE Account 110300 BANKS AND OTHER ENTITIES OF THE LOCAL FINANCIAL SYSTEM All concepts of interest or similar that correspond to the yield generated by cash and bank and other local financial entity accounts will be recognized in this account. It will be debited for contractual interest and accrued yields and credited for recoveries in cash or for adjustments to correct the balance to it originated by various causes.

Grouping 1104 FINANCIAL INVESTMENTS 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 are included in this grouping. 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 are presented in this grouping.

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

Account 110401 FINANCIAL ASSETS AT AMORTIZED COST 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 specified dates in periods of one year will be presented in this account. Sub-accounts are included to reflect the types of financial instruments, accrued yields, as well as adjustments for recognition of impairment losses.

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

Grouping 1105 ACCOUNTS RECEIVABLE Account 110500 FOR ELECTRONIC MONEY SERVICES This grouping 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 Servic . (2)

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It will be debited for accrued income with credit to the corresponding contra accounts of operating income. It will be credited for the recovery of the income or when they are removed from the Balance due to established uncollectability.

Account 110501 RELATED PARTIES Amounts receivable from Related Parties with the Provider Company, and which at the close of the Financial Statements are pending collection, will be recorded in this account. (2)

Account 110599 ESTIMATE OF UNCOLLECTABILITY FOR ACCOUNTS RECEIVABLE (CR) An estimate for doubtful collection accounts receivable will be recorded in this account. 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; these will be recognized as expenses in the exercise in which such event is determined. It will be 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.

Grouping 1106 TAXES Account 110600 VAT, TAX CREDIT Values in favor of the Provider Company in the concept of taxes will be recorded in this grouping. In this account, 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 tax credit receipts and/or merchandise declarations, duly registered in the corresponding purchase book, will be recorded. This account is debited for the amounts of the Tax on the Transfer of Movable Goods and on the Provision of Services (VAT), paid in the purchase of movable goods or acquisition of services; likewise, it will be debited for the amounts corresponding to the percentage of VAT withheld by large taxpayers for sales made to them, when applicable.

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In addition, it is debited for the amount received by large taxpayers for purchases made to them. It is credited monthly when the settlement of the payable to the tax authority is made. In any case, 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 record the payment on account amounts established on the amount of the gross income of the monthly fiscal period to be declared with credit to the sub-account It is debited for the determined tax amounts, which are subject to payment in cash or to compensation with remaining balances of said tax. It is credited, with its annual settlement when determining income tax, resulting in a settlement against the tax payable or transfer to the account Remaining Taxes on Profits.

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

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

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

Grouping 1107 OTHER ASSETS This grouping must represent the acquisition cost of the different goods, services, and rights that are used for the development of the operations of the business of the Provider Company. 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 INVENTORY 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 ASSETS This item comprises the 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; it includes deferred income taxes.

Grouping 1200 NON-DEPRECIABLE PROPERTIES Account 120000 LAND Account 120001 CONSTRUCTIONS IN PROGRESS The value of goods that by their nature are not subject to depreciation is presented in this grouping. These assets are subject to the recognition of impairment loss whenever the book value of the asset is greater than its recoverable amount.

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The accounts that make up this grouping will be debited at the time of purchase, for their acquisition value, with credit to cash and bank accounts and other local financial entities 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 progress with debit corresponds.(1) If gains or losses arise from the sale or liquidation, the

Grouping 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 In these accounts, the assets of Properties, Plant, and Equipment subject to depreciation and intangible assets subject to amortization that are destined for the development of the activities of the Provider Company are recognized. 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 at 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 ments except the transactional cost. Subsequent to their recognition as an asset, any item of Properties, Plant, Equipment, and Intangibles, including 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.

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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 corresponding sub-account.

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

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

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It will be debited, initially, for 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, thus decreasing the future tax payable, with credit to Deductible (Balance It will be credited when the deductible temporary differences constituted in Reversal of Temporary Differences It will be 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 result accounts; in such case, the equity account will be the one registered net of the corresponding asset or liability; example: revaluations of Property, such deferred tax asset or liability 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 on 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 appropriate reconciliations and disclosures on the expenses and income of income taxes. The book amount of assets and liabilities for deferred taxes 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 re-estimation of the recoverability of deferred tax assets; or c) A change in the expected manner of recovering the book amount of an asset.

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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 income. The treatment of income and expenses for both current and deferred taxes 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 assets in favor of the Provider Company that meet the conditions for recognition and have not been included in the previously described groups. (3)

SECTION 2 ACCOUNTING APPLICATIONS MANUAL FOR LIABILITIES

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

Group 2100 FOR ELECTRONIC MONEY Account 210000 ELECTRONIC MONEY RECORDS

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

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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 FINANCIAL COMPANIES FROM ABROAD Account 210103 FINANCIAL EXPENSES FOR OVERDRAFTS AND LOANS PENDING PAYMENT This group includes financing 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 arising from these financing and overdrafts.

Group 2102 ACCOUNTS PAYABLE In this group, accounts payable and documented obligations originating 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, will be recorded. They are credited with the amounts of the obligations assumed when assets and/or services are received with a debit to the affected accounts, which will generally be expenses 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, if required.

Group 2103 TAXES Account 210300 VAT FISCAL DEBIT

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Account 210301 INCOME TAX ON CURRENT EARNINGS Sub-account 21030100 PAYMENT ON ACCOUNT It is used to recognize the payment obligation of the current tax corresponding to the present and previous periods, to the extent that it has not been settled. Its operation is as follows: It is credited, initially, for the obligation of the payment on account, with a debit to the sub-account It is debited on the date that the Provider Company remits the payment to the corresponding tax authorities.

Sub-account 21030101 INCOME TAX ON EARNINGS OF THE PERIOD 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 year 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 as income tax, being the amount recognized in this account computed by applying the tax rate on fiscal earnings, with a debit to this This sub-account is debited, subsequently, with a credit to the sub-accounts .

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Account 210302 SPECIAL CONTRIBUTIONS BY LAW Sub-account 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 monthly increases and debited with monthly decreases of the same and when the tax is paid.

Item 22 NON-CURRENT LIABILITY It 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 FINANCIAL COMPANIES FROM ABROAD In this group, obligations incurred by the Provider Company with third parties, domiciled or non-domiciled, whose maturity term is greater than one year, will be recorded. It is credited with financing 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 LEASE OBLIGATIONS Account 220100 FINANCIAL LEASE OBLIGATIONS Account 220101 OPERATING LEASE OBLIGATIONS

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Group 2202 DEFERRED INCOME TAX Account 220200 DEFERRED INCOME TAX This account will record 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, increasing Constitution of Taxable Temporary Differences (Sal 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 year, when the administration makes the corresponding adjustments based on the differences temporarily recorded 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 the one 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 recording of these liabilities must be evaluated at least on each annual closing date.

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Account 220300 LABOR This account represents the obligations assumed by some or all of the following concepts: Estimation of indemnification for dismissal, voluntary withdrawals, other benefits related to the termination of the employment relationship, etc., which, either are contemplated in the legal framework governing 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, by 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 result in an outflow of economic resources.

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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 derived 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 recognition and is not one of those cited above. case that such are different.

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

SECTION 3 ACCOUNTING APPLICATIONS MANUAL FOR EQUITY

Element 3 EQUITY This element recognizes all those items that meet the definition of equity, which is defined as the residual interest in the assets of the Provider Company after deducting all its liabilities.

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Item 31 CAPITAL Group 3100 SHARE CAPITAL Account 310000 SUBSCRIBED CAPITAL This group records the total of shares subscribed for the constitution of the initial share capital of the Provider Company. It is credited for the subscribed capital and for successive increases, with a debit to cash and bank and other local financial entity accounts, which correspond in payment of the competent body. It is debited for reductions authorized by the supervisory entity with a credit to cash and bank and other local financial entity accounts, accounts payable, amortization of losses, etc., in any case, whichever corresponds.

Account 310001 SUBSCRIBED CAPITAL NOT PAID This account will be initially affected with a debit for the amounts corresponding to the subscription of unpaid share capital and subsequently credited for the amortized calls that are made based on the articles of incorporation of the Provider Company or other legal characteristics that apply.

Item 32 RESERVES Group 3200 CAPITAL RESERVES Group 3201 OTHER MANDATORY RESERVES Group 3202 VOLUNTARY RESERVES Capital reserves originate as an appropriation of the earnings of the period or of retained earnings 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 as the specific reserve corresponds.

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Item 33 RESULTS TO APPLY Group 3300 RESULTS OF PREVIOUS PERIODS Group 3301 RESULTS OF THE CURRENT PERIOD These groups are credited (debited) with the amounts representing the profits (losses) generated in previous periods or in the current period and for which the Provider Company has not yet made 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 aforementioned are settled. At the close of the accounting year, the results of the current period are transferred to results of previous periods.

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

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

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Account 340101 FOREIGN CURRENCY CONVERSION DIFFERENCES It will record 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 corresponding to each of the items recognized in other comprehensive income will be recorded. This account has a similar application to the tax expense account incorporated in the income statement accounts.

SECTION 4 ACCOUNTING APPLICATIONS MANUAL FOR EXPENSES

Element 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 arising from services received from electronic money correspondents, as well as other expenses arising from its main activity; general administrative and personnel expenses, as well as depreciation, amortization, and impairment of its assets.

Group 4100 EXPENSES FOR ELECTRONIC MONEY ACCOUNT SERVICES

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This grouping records the costs 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 perform. It is debited for the accrual of commissions and for the receipt of services in sub-subaccounts of cash or bank accounts and other local entities if, at the time of its registration, the respective payment is made.

Grouping 4101 GENERAL ADMINISTRATIVE AND PERSONNEL EXPENSES This grouping is debited for expenses incurred for items such as remuneration, employee benefits, advertising and marketing, professional fees, and other expenses for officials and employees with credit to the accounts of or others, as applicable.

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

Grouping 4103 OTHER OPERATING EXPENSES Expenses incurred by the Provider Company for various concepts necessary for its operation are recorded in this grouping with credit to for expenses pending payment.

Item 42 FINANCIAL EXPENSES Grouping 4200 EXPENSES FOR FINANCIAL INVESTMENTS Grouping 4201 EXPENSES FOR OBLIGATIONS WITH BANKS AND OTHER FINANCIAL INSTITUTIONS

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The groupings in this item include the costs of commissions and other expenses generated by stock market investments and by the financing that the Provider Company acquires, whether to place funds in financial investments or to obtain financing to cover liquidity needs, through loans and financing with local and foreign institutions.

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

Grouping 4300 EXPENSES FOR INCOME TAXES Account 430000 EXPENSE FOR INCOME TAX Subaccount 43000000 CURRENT INCOME TAX This grouping is affected by debiting it with the amounts corresponding to the fiscal taxes of the period, that is, the taxes resulting from applying the tax rate to fiscal income.

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

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

Subaccount 43000003 CONSTITUTION OF DEDUCTIBLE TEMPORARY DIFFERENCES (CREDIT BALANCE)

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This subaccount will be affected by credit for the amounts corresponding to the constitution of deferred tax assets that arise from applying the tax rate to deductible temporary differences constituted. This subaccount increases fiscal income on the date of its constitution, consequently increasing the current taxes payable to the tax authority.

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

Item 44 SPECIAL CONTRIBUTIONS Grouping 4400 SPECIAL CONTRIBUTIONS BY LAW Account 440000 SPECIAL CONTRIBUTION FOR CITIZEN SECURITY AND COEXISTENCE The net amount of this item 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 coexistence for communications services and acquisition of assets. It is debited for the value of the withholdings made by withholding agents.

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

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Item 49 OTHER EXPENSES Grouping 4900 OTHER EXPENSES Other operating expenses necessary for the operation of the Provider Company, the concepts of which are not included in the previous accounts, are recorded in this grouping.

SECTION 5 ACCOUNTING APPLICATION MANUAL FOR INCOME

Element 5 INCOME Item 51 OPERATING INCOME The accounts in this item record the income corresponding to all income accrued by the Provider Company that derives from its main purpose. The sub-subaccounts of this item 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.

Grouping 5100 COMMISSIONS FOR SERVICES FOR ELECTRONIC MONEY OPERATIONS Accrued commissions by the Provider Company that originate from the electronic money accounts it enables for its clients are recorded in this grouping. It is credited for the amounts accrued for this concept with debit to the corresponding accounts receivable or to cash accounts if payment is made on the date of accrual.

Grouping 5101 OTHER OPERATING INCOME Other income that the Provider Company obtains, which does not originate from the development of its main purpose, but originates from its operation, is recognized in this grouping.

Item 52 FINANCIAL INCOME Grouping 5200 INCOME FROM FINANCIAL INVESTMENTS Grouping 5201 INCOME FROM BANK DEPOSITS

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

Item 53 OTHER INCOME Grouping 5300 GAINS FROM REVERSAL OF ASSET IMPAIRMENT In this grouping, increases in the value of the Provider Company's assets are recorded, when a loss for asset impairment had previously been recognized, with debit to the corresponding asset accounts, up to the amount of the previously recognized losses.

Grouping 5399 OTHERS In this grouping, 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 part of its normal business will be recorded.

SECTION 6 ACCOUNTING APPLICATION MANUAL FOR CONTINGENT AND OFF-BALANCE SHEET ACCOUNTS

Element 6 CONTINGENT AND OFF-BALANCE SHEET ACCOUNTS Item 61 DEBIT CONTINGENT COMMITMENT ACCOUNTS Grouping 6100 OPEN JUDICIAL PROCEEDINGS AGAINST THE COMPANY Account 610000 OPEN JUDICIAL PROCEEDINGS AGAINST THE COMPANY This element considers the amounts that represent contingent liabilities, not registered 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 real present obligation exists due to them and the possibility that a resource outflow occurs due to them is probable in the future.

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Grouping 6199 OTHER CONTINGENT ACCOUNTS Account 619900 OTHER CONTINGENT ACCOUNTS In this grouping, all other contingent operations that have not been treated in the previous groupings and that require their recognition are recorded. In this item, the amounts that must be controlled in non-financial accounts will be recorded, such as contingent amounts that could favor the Provider Company, due to open judicial processes by the entity against third parties; and from which the probability of some monetary settlement in favor arises.

Grouping 6201 GUARANTEES CONSTITUTED IN FAVOR OF THE COMPANY It 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.

Grouping 6202 OWN VALUES AND ASSETS CEDED AS GUARANTEE In this grouping, the values and assets of the Provider Company that have been ceded as guarantee will be recorded.

SECTION 7 ACCOUNTING APPLICATION MANUAL FOR CONTINGENT AND OFF-BALANCE SHEET ACCOUNTS BY CONTRA

Element 7 CONTINGENT AND OFF-BALANCE SHEET ACCOUNTS BY CONTRA Item 71 DEBIT CONTINGENT COMMITMENT ACCOUNTS BY CONTRA Grouping 7100 OPEN JUDICIAL PROCEEDINGS AGAINST THE COMPANY BY CONTRA Grouping 7199 OTHER CONTINGENT ACCOUNTS BY CONTRA Item 62 OFF-BALANCE SHEET ACCOUNTS Grouping 6200 OPEN JUDICIAL PROCEEDINGS BY THE COMPANY

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This item and its groupings are used as contra-accounts for all contingent accounts developed in item 61.

Item 72 OFF-BALANCE SHEET ACCOUNTS BY CONTRA Grouping 7200 OPEN JUDICIAL PROCEEDINGS BY THE COMPANY BY CONTRA Grouping 7201 GUARANTEES CONSTITUTED IN FAVOR OF THE COMPANY BY CONTRA Grouping 7202 OWN VALUES AND ASSETS CEDED AS GUARANTEE BY CONTRA This item will serve as a contra-account for all off-balance sheet sub-subaccounts developed in item 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 Net Accounts Receivable (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

Liabilities Current Liabilities For Electronic Money (2100) 12

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Loans and Overdrafts with Banks and Other Entities of the Financial System (2101) 13 Accounts Payable (2102) 14 Taxes (2103) 14 b) Non-Current Liabilities Long-Term Loans (2200 ) 13 Lease Obligations (2201) Deferred Income Tax (2202) 10 Provisions (2203) 15 Total Liabilities

Equity 16 Social Capital (3100) Capital Reserves and Other Reserves (3200 to 3202) Results to Apply (3300 to 3301) Restricted Equity (3400 to 3401) Total Equity Total Liabilities 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)

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OPERATING RESULTS Net Financial Profits (Losses) (5200- (4200+4201)) Other Income (Expenses) (53-(49)) PROFIT (LOSS) FOR THE PERIOD OTHER COMPREHENSIVE INCOME Revaluations (340100) Foreign Exchange 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 ended 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

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Increases (Decreases) in Social Capital Dividends Paid Constitution, Increase 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 ended xx of xx (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 (+) Increase in Electronic Money Accounts (+) Decrease 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 the activity (+) Other Payments related to the activity (-) Net cash provided (used) by operating activities Cash flows from investing activities Interest Income on Bank Deposits (+) Income from Returns on Financial Investments (+) Sales of Financial Investments (+)

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Purchases of Financial Investments (-) Payment of Commissions for 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 for Subscribed Shares (+) Dividend Payments (-) Payment of Fees and Commissions on Loans and Overdrafts Bank (-) 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 Equivalent 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

1. SANCTIONS

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

2. UNFORESEEN ASPECTS

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

3. VALIDITY These Standards will enter into force as of November 15, 2016.

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MODIFICATIONS:

(1) Modification approved based on the generic procedure agreed by the Standards Committee of the Central Reserve Bank in Session CN-01/2016, of February 24, 2016. Modification validity from September 5, 2017. (2) Modifications approved by the Central Bank through its Standards Committee, in Session No. CN-13/2020, dated August 19, 2020, with validity from September 7, 2020. (3) Modifications approved by the Central Reserve Bank through its Standards Committee, in Session No. CN-10/2022, dated November 15, 2022, with validity from December 2, 2022.