Circular Contabilidad y Auditoria - CONAU 1 - 3

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMUNICACIÓN "A" 19 15/04/81
TO FINANCIAL ENTITIES:
Ref.: Circular ACCOUNTING AND AUDIT - CONAU - 1 - 3

We address you to deliver the models of financial statements and the pertinent procedural norms that constitute Title E. QUARTERLY/ANNUAL ACCOUNTING INFORMATION REGIME, as well as the procedural norms for the preparation of the "Statement of consolidation of local entities that have subsidiaries abroad" which is to be incorporated into Title D. INFORMATION REGIME FOR INTERNAL CONTROL OF THE CENTRAL BANK OF THE REPUBLIC OF ARGENTINA QUARTERLY/ANNUAL, of the "ACCOUNTING STANDARDS FOR FINANCIAL ENTITIES".

Those entities that have closed some economic quarter or fiscal year in the months of January and February last, will have until May 15 next to present the corresponding documentation to the Central Bank, a deadline that will be extended until May 29, 1981, for closures that occurred during the past month of March.

Likewise, we inform you that it has been resolved to modify the instructions for the item "Subsidiaries abroad" (Code 220000) included in Title B. CHART OF ACCOUNTS of the "ACCOUNTING STANDARDS FOR FINANCIAL ENTITIES", regarding the exchange rate applicable for the conversion to pesos of the assets and liabilities of said subsidiaries, adding, at the same time, an option regarding the valuation of depreciable assets and other revaluable assets of said subsidiaries.

The sheets to be incorporated in replacement of the text made known by Circular CONAU - 1 are attached.

We greet you very attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Néstor J. Taró
Manager of Standards for
Financial Entities
Daniel E. De Pablo
Deputy General Manager

ANNEXES

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 1st. Date: 15.4.81 Communication "A"
CONAU -1-3 Page: 1 of 2

E. QUARTERLY/ANNUAL ACCOUNTING INFORMATION REGIME

1. Entities must send to the Central Bank of the Republic of Argentina the Financial Statements corresponding to the closing of each of their first three economic quarters and the fiscal year, which will be prepared based on summarized information from the Minimum Chart of Accounts according to the models attached.

Regarding quarterly information, entities will only remit the General Balance Sheet, Statements of Results and of Evolution of Net Equity, Annexes "A" (Detail of public securities), "C" (Detail of participations in other companies), "E" (Detail of intangible assets), "F" (Movement of provisions) and the Notes to the Financial Statements.

Those entities that must publish their Financial Statements quarterly, will fully comply with this "Quarterly/Annual Accounting Information Regime".

2. The models referred to in the previous point are flexible and the data included must be considered minimum, meaning that it may:
   a) Suppress columns, items, entries, annexes, notes, etc., when it is not appropriate to fill them. b) Make a greater opening of accounts or exposure of data that, in the judgment of the entity, is convenient for an adequate interpretation of the Financial Statements. The greater opening of accounts may be carried out as long as the corresponding entries can be identified through the Minimum Chart of Accounts; otherwise, prior authorization from the Central Bank of the Republic of Argentina will be required.

If within a certain item the set of entries that corresponds to include in the concepts "Various/Other" results greater than 20% of the total of that item, it must proceed to the opening of said entries according to their significance, recording the main ones with the denomination arising from the Minimum Chart of Accounts and grouping in the referred concepts only the remaining ones whose sum does not exceed the cited maximum.

3. The procedures attached for the preparation of figures adjusted for inflation must be followed, which will be exposed in column 1 of the Financial Statements.

4. The Financial Statements mentioned above must be accompanied by the reports required by the "Minimum Standards on External Audits".

5. The Financial Statements of the operational subsidiaries of the local entity located abroad must be consolidated with those of the headquarters located in the country, applying the procedural norms inserted in Title D. "Information Regime for Internal Control of the Central Bank of the Republic of Argentina. Quarterly/Annual".

6. The maximum deadline for the presentation of quarterly Financial Statements will be 40 calendar days, except in the case of entities with subsidiaries abroad for which said deadline will be 60 calendar days.

The indicated presentation deadlines will be counted from the first day of the month following the one corresponding to the information.

The Financial Statements corresponding to the closing of fiscal years must be presented within 40 calendar days following the closing date (or 60 days, in the case of entities that have subsidiaries abroad), and, at least, 30 days before the publication date.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3
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7. Within 90 days of the closing date of the fiscal year, entities must publish, with no less than 15 days' advance notice to the holding of the assembly convened for its consideration, the Financial Statements as of that date along with the pertinent report of the external auditor.

8. In addition to the fiscal year closing documentation, entities must remit the elements detailed below, within the deadlines indicated in each case:

• Call and agenda corresponding to the ordinary assembly ..………………………...
• Minutes of the ordinary assembly…………………
• Financial statements that have been modified by the ordinary assembly………………………
• Report approved by the ordinary assembly….
• Official Bulletin sheet in which the Financial Statements have been published…………………...

Maximum Deadline
15 calendar days prior to the date of the call.
15 calendar days after the date on which the assembly was held.
15 calendar days after the date on which the assembly was held.
15 calendar days after the date on which the assembly was held.
10 calendar days from the date of publication.

9. Regarding extraordinary assemblies, entities must send a copy of the pertinent call and agenda, and likewise, the respective minutes, within the deadlines fixed in the previous point.

10. The present "Quarterly/Annual Accounting Information Regime" is included in the provisions of Circulars B. 269 and I.F. 404.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 1st. Date: 15.4.81 Communication "A"
CONAU -1-3
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QUARTERLY/ANNUAL ACCOUNTING INFORMATION REGIME

1. Financial Statements - General procedural norms

• General Balance Sheet
• Statement of Results
• Statement of Evolution of Net Equity
• Annex A - Detail of public securities
• Annex B - Classification of loans and other credits by financial intermediation
• Annex C - Detail of participations in other companies
• Annex D - Movement of depreciable assets and other revaluable assets
• Annex E - Detail of intangible assets
• Annex F - Movement of provisions
• Annex G - Composition of share capital
• Annex H - Balances in foreign currency
• Annex I - Summary of the financial statements of the operational subsidiaries of the local entity, located abroad
• Draft distribution of profits

2. Inflation Adjustment - Instructions for its realization

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3
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FINANCIAL STATEMENTS
GENERAL PROCEDURAL NORMS

1. Information for the Central Bank
   The documentation must be prepared in triplicate, sending the original and the duplicate to the Manager of Control of Financial Entities, while the triplicate will be archived in the headquarters of the entity.

The duplicates and triplicates of the original may be replaced by photocopies. All sheets of the respective copies must be signed by the following authorities of the entity:
a) President (or the highest authority), b) General Manager (or whoever exercises equivalent functions), c) Highest-ranking responsible person of the accounting area, and d) Members of the Auditing Board or the Supervisory Council, according to the provisions regulating the functioning of said bodies.

They must also contain the signature of the external auditor subscribing the legend "Signed for the purposes of its identification with my report dated...".

2. Instructions for the integration of the Financial Statements
   2.1. The amounts registered in the Balance of Balances (Formula 3826) will be recorded.
   2.2. The Financial Statements will reflect in column 1 the figures adjusted for inflation and in column 2, the amounts according to books.
   2.3. For the purposes of establishing the correspondence between the items and accounts of the models of the General Balance Sheet, the Statement of Results and the Off-Balance Sheet Accounts with those of the Balance of Balances, the pertinent list is attached.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 1st. Date: 15.4.81 Communication "A"
CONAU -1-3 Page: 1 of 36

Entity Name:
GENERAL BALANCE SHEET
CORRESPONDING TO THE ECONOMIC QUARTER(*) ENDED ON:
ECONOMIC FISCAL YEAR
(figures expressed in millions of pesos)

ASSET
Column 1 Column 2
A. LIQUIDITY

• Cash and gold
• Banks and correspondents
  …………… …………….
  …………… ……………..

B. PUBLIC SECURITIES (Annex A)

• Quoted
• Unquoted
  ……………. …………….
  Less: Provisions (Annex F)
  …………….. …………….

C. LOANS (Annex B)
Capitals:

• Advances
• Documents signed alone
• Discounted and purchased documents
• Mortgage
• Pledge
• Personal
• Documentary credits
• Others
  Less: Documented interests …………….. ………………
  Plus: Adjustments and accrued interests to collect Less: Provisions (Annex F) ……………… …………….. ……………… ……………..

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3
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Column 1 Column 2
D. OTHER CREDITS BY FINANCIAL INTERMEDIATION (Annex B) Capitals:

• Third-party liability for acceptances
• Payments on behalf of third parties
• Various
  …………… …………….
  Plus: Adjustments and accrued interests to collect Less: Provisions (Annex F) …………….. ……………. …………….. …………….

E. ASSETS IN FINANCIAL LEASING
……………… ………………

F. PARTICIPATIONS IN OTHER COMPANIES
(Annex C)

• In financial entities
• Others
  ………………. ……………..
  Less: Provisions (Annex F)
  ..…………….. ………………
  . .……………… ………………

G. DIVERSE CREDITS
Capitals:

• Shareholders
• Others
  ……………… …………….
  Plus: Adjustments and accrued interests to collect Less: Provisions (Annex F) ………………. …………….. ………………. …………….

H. FIXED ASSETS (Annex D)
……………….. ……………..

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Column 1 Column 2
I. OTHER ASSETS

• Revaluable (Annex D)
• Others
  …………… …………….
  …………… .……………

J. INTANGIBLE ASSETS (Annex E)
.................... ....................

K. PENDING CHARGE ITEMS
..................... ....................
Total Asset

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Version: 1st. Date: 15.4.81 Communication "A"
CONAU -1-3 Page: 4 of 36

LIABILITY
Column 1 Column 2
L. DEPOSITS
Capitals

• Current accounts
• Other demand accounts
• Common and special savings
• Savings linked to loans
• Time deposits
• Others
  ................. ..................
  Plus: Adjustments and accrued interests to pay
  .................. ..................
  .................. ..................

M. OTHER OBLIGATIONS BY FINANCIAL INTERMEDIATION Capitals:

• Acceptances
• Central Bank of the Republic of Argentina
• Other banks and international organizations
• Mortgage certificates and other obligations
• Collections and other operations on behalf of third parties
• Various .................. ..................
  Plus: Adjustments and accrued interests to pay
  .................. ..................
  .................. ..................

N. DIVERSE OBLIGATIONS
Capitals

• Dividends to be paid in cash
• Fees to be paid to directors and auditors
• Remuneration and social charges to be paid
• Taxes to be paid
• Others .................. ..................
  Plus: Adjustments and accrued interests to pay
  .................. ..................
  .................. ..................

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Column 1 Column 2
Ñ. PROVISIONS (Annex F) .................. ..................
O. PENDING CHARGE ITEMS .................. ..................
Total Liability

NET EQUITY
P. SHARE CAPITAL (Annex G)
Q. NON-CAPITALIZED CONTRIBUTIONS
R. ADJUSTMENTS TO EQUITY
S. GLOBAL ADJUSTMENT OF CAPITAL (////)
T. PROFIT RESERVES
U. UNALLOCATED RESULTS
V. GLOBAL ADJUSTMENT OF ACCUMULATED RESULTS (////)
…………… ……………
Total Net Equity
…………… ……………
Total Liability plus Net Equity

Version: 1st.
Date: 15.4.81 Communication "A"
CONAU 1 - 3
Entity Name:
STATEMENT OF RESULTS
CORRESPONDING TO THE ECONOMIC QUARTER (*) ENDED ON:……… ECONOMIC FISCAL YEAR (Figures expressed in millions of pesos)

Column 1 Column 2
Operations in pesos Operations in foreign currency Total A. FINANCIAL INCOME

• Adjustments and interests on loans and other credits by financial intermediation
• Result from financial leasing
• Result from public securities and temporary participations
• Exchange difference of gold and foreign currency and premiums for forward exchange sales (////)
  ................... ................... ................... ........
  ................... ................... ................... ........

B. FINANCIAL EXPENSES

• Adjustments and interests on deposits and other obligations by financial intermediation
• Monetary Regulation Account (////)
• Guarantee Fund Contribution (////)
• // -
  Page: 6 of 36
  BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

Version: 1st. Date:15.4.81 Communication "A" CONAU 1 - 3 Column 1 Column 2 Operations in pesos Operations in foreign currency Total

• Result from public securities and temporary participations - Contributions and taxes on financial income - Exchange difference of gold and foreign currency and premiums for forward exchange purchases (////)

C. CHARGE FOR UNCOLLECTABILITY
……… ………… …….… …….
SUB - TOTAL ……… ………… …….… ........

D. INCOME FROM SERVICES

• Commissions
• Others ……… ………… ……… ..….
  ……… ………… ……… …....

E. EXPENSES FOR SERVICES - Commissions - Contributions and taxes on income from services ……… ............. ........... .........
.......... ............. ........... .........

F. ADMINISTRATION EXPENSES - Remuneration and social charges - Fees and contracted administrative services - Depreciation of fixed assets - Others ........... ........
........... .........
.......... .........

SUB - TOTAL
--//--
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BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

Version: 1st.
Date: 15.4.81 Communication "A"
CONAU 1 - 3
Column 1 Column 2
Operations in pesos Operations in foreign currency Total G. DIVERSE PROFITS

• Result from permanent participations
• Profit from operations with diverse fixed assets
• Unprovisioned provisions
• Others .......... ...........
  .......... ...........

H. DIVERSE LOSSES

• Result from permanent participations
• Loss from operations with fixed and diverse assets
• Depreciation of diverse assets
• Amortization of goodwill
• Charge for uncollectability of diverse credits and by other Provisions
• Others ......... .........
  ......... ..........

I. GLOBAL ADJUSTMENT OF RESULTS OF THE PERIOD (OR FISCAL YEAR) (////)
......... .........
NET RESULT BEFORE INCOME TAX
......... .........

J. INCOME TAX ......... .........
NET RESULT OF THE PERIOD (OR FISCAL YEAR)
(*) Strike what does not apply
Page: 8 of 36
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3
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OFF-BALANCE SHEET ACCOUNTS

• Credits granted (unused balances)
• Credits obtained (unused balances)
• Guarantees received
• Guarantees granted
• Rediscounted documents
• Securities in custody
• Securities for collection
• Securities compensable by the entity pending confirmation
• Securities compensable by other entities pending confirmation

Note: - The General Balance Sheet includes operations in pesos and in foreign currency of the houses located in the country and those of the operational subsidiaries of local entities, located abroad.

• The statements, annexes, and notes are an integral part of this General Balance Sheet

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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TABLE OF CORRESPONDENCE BETWEEN THE ITEMS AND ACCOUNTS OF THE GENERAL BALANCE SHEET,
STATEMENT OF RESULTS AND OFF-BALANCE SHEET ACCOUNTS AND THE ACCOUNTS OF THE BALANCE OF BALANCES

Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

GENERAL BALANCE SHEET

• ASSET
  A. LIQUIDITY
• Cash and gold
  111001 a 111009
  112001
  115001
  115010
  116001
  116010
• Banks and correspondents
  111011 a 111021
  112019
  115019
  116017 a 116021

B. PUBLIC SECURITIES

• with quotation 121003
  125003
  126003
• Without quotation 121006
  121009
  125009
  126009
• Provisions 121012
  125012
  126012

B. LOANS

• Advances 131109
  131112
  131409
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

• Advances (cont.) 131412
  131709
  131712
  132109
  132112
  135109
  135112
  135409
  135412
  135709
  135712
  136109
  136112
• Documents signed alone 131115
  131415
  131715
  135115
  135415
  135715
• Discounted and purchased documents 131118
  131121
  131418
  131421
  131718
  131721
  132118
  132121
  135118
  135121
  135418
  135421
  135718
  135721
  136118
  136121
• Mortgage 131124
  131724
  132124
  135124
  135724
  136124
• Pledge 131127
  131727
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3 Page: 12 of 36

Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

• Pledge (cont.) 132127
  135127
  135727
  136127
• Personal 131731
  135731
• Documentary credits 131133
  131733
  135133
  135733
• Others 131141
  131403
  131406
  131441
  131741
  132103
  132106
  132141
  135141
  135403
  135406
  135441
  135741
  136103
  136106
  136141
• Documented interests 131191
  131491
  131791
  132191
  135191
  135491
  135791
  136191
• Adjustments and accrued interests to collect 131201
  131501
  131801
  132201
  135201
  135501
  135801
  136201
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

• Provisions 131601
  131901
  132301
  135601
  135901
  136301

C. OTHER CREDITS BY FINANCIAL INTERMEDIATION

• Third-party liability for acceptances 141103
  145103
  146103
• Payments on behalf of third parties 141133
  141136
  145136
  146136
• Various 141106 a 141131
  141139 a 141154
  142101
  145106 a 145119
  145139 a 145154
  146139 a 146154
• Adjustments and accrued interests to collect 141201
  142201
  145201
  146201
• Provisions 141301
  142301
  145301
  146301

E. ASSETS IN FINANCIAL LEASING 151003 a 151009 155003 a 155009

F. PARTICIPATIONS IN OTHER COMPANIES

• In financial entities 161003 a 161009
  165003
  165006
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3
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Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

• Others 161012 a 161021
  165018
  165021
• Provisions 161091
  165091

G. DIVERSE CREDITS

• Shareholders 171103
  172103
• Others 171106 a 171139
  172106
  172139
  175118 a 175139
  176118 a 176139
• Adjustments and accrued interests to collect 171201
  172201
  175201
  176201
• Provisions 171301
  172301
  175301
  176301

H. FIXED ASSETS 180003 A 180042

I. OTHER ASSETS

• Revaluable 190003 a 190021
• Others 190024 a 190031

J. INTANGIBLE ASSETS 210003
210006
210012
210015

K. PENDING CHARGE ITEMS 231003 a 231009
235003 a 235009

• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3 Page: 15 of 36

Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

• LIABILITY
  L. DEPOSITS
• Current accounts 311106
  311112
  311191
  311403 a 311415
  311706
  311712
  312103 a 312112
• Other demand accounts 315107
  315404
  315407
  315707
  316104
  316107
• Common and special savings 311718 a 311724
  312118 a 312124
• Savings linked to loans 311727
  311728
• Time deposits 311131 a 311139
  311731 a 311739
  312131 a 312139
  315132
  315137
  315732
  315737
  316132
  316137
• Others 311142 a 311154
  311445
  311454
  311742 a 311754
  312142 a 312154
  315142
  315154
  315454
  315742
  315754
  316142
  316154
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3 Page: 16 of 36

Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:

• Adjustments and accrued interests to pay 311201
  311501
  311801
  312201
  315201
  315501
  315801
  316201

M. OTHER OBLIGATIONS BY FINANCIAL INTERMEDIATION

• Acceptances 321102 a 321104
  325103
  326103
• Central Bank of the Republic of Argentina 321108 a 321124
  325106 a 325124
• Other banks and international organizations 321128 a 321133
  322128
  322131
  325128 a 325133
  326125 a 326133
• Mortgage certificates and other obligations 321142
  321148
  325148
  326148
• Collections and other operations on behalf of third parties 321154
• Various 321136
  321139
  321151
  321155 a 321184
  322181
  322184
  325162 a 325184
  326162 a 326184
• Adjustments and accrued interests to pay 321201
  322201
  325201
  326201
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Items of the General Balance Sheet, Statement of Results and Off-Balance Sheet Accounts: Code of the accounts of the Balance of Balances:
N. DIVERSE OBLIGATIONS

• Dividends to be paid in cash 331106
  332106
• Fees to be paid to directors and auditors 331109
  332109
• Remuneration and social charges to be paid 331112
• Taxes to be paid 331118
• Others 331115
  331121 a 331136
  332136
  335127 a 335136
  336127 a 336136
  Adjustments and accrued interests to pay 331201 332201 335201 336201

Ñ. PROVISIONS 340003 a 340012

O. PENDING CHARGE ITEMS 351003 a 351009
355003 a 355009

• NET EQUITY
  P. SHARE CAPITAL 410003 a 410012
  Q. NON-CAPITALIZED CONTRIBUTIONS 420003
  420006
  R. ADJUSTMENTS TO EQUITY 430003 a 430021
  T. PROFIT RESERVES 440003 a 440012
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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CONAU -1-3 Page: 18 of 36
General Balance Sheet Items, Statement of Results and Off-Balance Sheet Accounts: Code of Accounts: Balance of Balances:
UNASSIGNED EARNINGS 450003 to 450009

• STATEMENT OF RESULTS
  A. FINANCIAL INCOME
  Adjustments and interest on loans and other credit intermediation operations (in pesos) 511003 to 511012 Adjustments and interest on loans and other credit intermediation operations (in foreign currency) 515003 515009 Financial leasing income (in pesos) 511015 to 511018 Financial leasing income (in foreign currency) 515015 to 515018 Income from government bonds and temporary participations (in pesos) 511021 511024 Income from government bonds and temporary participations (in foreign currency) 515021 515024 Exchange rate difference for gold and foreign currency and premiums for forward foreign exchange sales 515027 515031 B. FINANCIAL EXPENSES Adjustments and interest on deposits and other obligations for financial intermediation (in pesos) 521003 to 521012 Adjustments and interest on deposits and other obligations for financial intermediation (in foreign currency) 525003 525009
• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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General Balance Sheet Items, Statement of Results and Off-Balance Sheet Accounts: Code of Accounts: Balance of Balances:
Monetary regulation account 521015
521018
Guarantee fund contribution 521021
Income from government bonds and temporary participations (in pesos) 521024 521027 Income from government bonds and temporary participations (in foreign currency) 525024 525027 Contributions and taxes on financial income (in pesos) 521031 521033 Contributions and taxes on financial income (in foreign currency) 525031 525033 Exchange rate difference for gold and foreign currency and premiums for forward foreign exchange purchases 525036 525039
C. CHARGE FOR UNCOLLECTABLES
By operations in pesos 531003
By operations in foreign currency 535003
D. INCOME FROM SERVICES
Commissions (in pesos) 541003 to 541012
Commissions (in foreign currency) 545004
Others (in pesos) 541015
541018
Others (in foreign currency) 545018

• // -

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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General Balance Sheet Items, Statement of Results and Off-Balance Sheet Accounts: Code of Accounts: Balance of Balances:
E. EXPENSE FOR SERVICES
Commissions (in pesos) 551003
Commissions (in foreign currency) 555003
Contributions and taxes on service income (in pesos) 551006 551009 Contributions and taxes on service income (in foreign currency) 555006 555009 F. ADMINISTRATIVE EXPENSES Remuneration and social charges 60003 to 560009 Fees and contracted administrative services 560018 560024 560027 Depreciation of fixed assets 560051 Others 560012 560015 560021 560031 to 560048 560054 560057 G. OTHER INCOME Income from permanent participations 570003 Profits from operations with fixed assets and others 570006 570009 Unreserved provisions 570024 Others 570012 to 570021 570045 --//--

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General Balance Sheet Items, Statement of Results and Off-Balance Sheet Accounts: Code of Accounts: Balance of Balances:
H. OTHER LOSSES
Losses from permanent participations 580003
Losses from operations with fixed assets and others 580006 580009 Depreciation of other assets 580012 Amortization of goodwill 580015 Charge for uncollectable other credits and for other provisions 580018 580021 Others 580024 to 580045 J. INCOME TAX 610003 OFF-BALANCE SHEET ACCOUNTS Granted credits (unused balances) 721003 721005 725004 725005 Obtained credits (unused balances) 711013 715013 Received guarantees 711023 711025 715023 715025 Granted guarantees 721033 725033 Rediscounted documents 721049 725049 Securities in custody 711053 to 711057 715053 Securities for collection 711063 715063 --//--

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General Balance Sheet Items, Statement of Results and Off-Balance Sheet Accounts: Code of Accounts: Balance of Balances:
Securities compensable by the entity pending confirmation 711073 Securities compensable by other entities pending confirmation 721074

Version: 1st. Date: 15.4.81 Communication “A” CONAU 1 - 3 Entity Name:
STATEMENT OF CHANGES IN NET WORTH
ECONOMIC QUARTER
CORRESPONDING TO THE ECONOMIC YEAR (‘) ENDED ON:……..
(Figures expressed in millions of pesos)
Uncapitalized Contributions Reserves of earnings Global Contributions Adjustment Results adjustment of Movements Capital Premiums irrevocable Adjustments to global of Legal Other unassigned accumulated Social issuance for future patrimony capital assigned earnings shares increases of capital

1. Balances at the beginning of the year XX
2. Subscription of shares approved by
   the Shareholders' Meeting of ../../.. or increase in assigned capital XX XX (XX) //// //// //// //// //// //// XX
3. Capitalization of legal updates approved by the Shareholders' Meeting of ../../.. XX //// //// (XX) //// //// //// //// //// ////
4. Capitalization of earnings reserves approved by the Shareholders' Meeting of ../../.. XX //// //// //// //// //// XX) //// //// ////
5. Irrevocable contributions for future capital increases received during the year //// //// XX //// //// //// //// //// //// XX
6. Distribution of unassigned earnings approved by the Shareholders' Meeting of ../../..:

• Legal reserve //// //// //// //// //// XX //// (XX) //// ////
• Special reserves for cooperative societies //// //// //// //// //// //// XX (XX) //// ////
• Regulatory reserves //// //// //// //// //// //// XX (XX) //// ////
• Statutory reserves //// //// //// //// //// //// XX (XX) //// ////
• Voluntary reserves //// //// //// //// //// //// XX (XX) //// ////
  -//-
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Uncapitalized Contributions Reserves of earnings Global Contributions Adjustment Results adjustment of Movements Capital Premiums irrevocable Adjustments to global of Legal Other unassigned accumulated Social issuance for future patrimony capital assigned earnings shares increases of capital

• Cash dividends //// //// //// //// //// //// //// (XX) //// (XX)
• Share dividends or capitalization of earnings XX //// //// //// //// //// //// (XX) //// ////
• Others. Detail:
  //// //// //// //// //// //// //// (XX) //// (XX)

7. Adjustments to equity made during the year:

• Balance from accounting update - Law No. 19.742 //// //// //// XX //// //// //// //// //// XX
• Balance - Law No. 19.742 //// //// //// XX //// //// //// //// //// XX
• Balance from accounting update
  Participations in other societies //// //// //// XX //// //// //// //// //// XX
• Equity adjustment fund //// //// //// XX //// //// //// //// //// XX
• Equity adjustment fund - Participations in controlled financial entities //// //// //// XX //// //// //// //// //// XX
• Equity adjustment funds - Subsidiaries abroad //// //// //// XX //// //// //// //// //// XX

8. Absorption of accumulated losses with legal updates, approved by the Shareholders' Meeting of ../../.. //// //// //// (XX) //// //// //// XX //// ////
9. Adjustment of results from previous years //// //// //// //// //// //// //// XX or (XX) //// XX or (XX)
10. Net result of the year //// //// //// //// //// //// //// XX or (XX) //// XX or (XX)
11. Global adjustment of capital made during the year //// //// //// //// XX or (XX) //// //// //// //// XX or (XX)
12. Global adjustment of accumulated results made during the year //// //// //// //// //// //// //// //// XX or (XX) XX or (XX)
    -//-
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Date: 15.4.81 Communication “A”
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Uncapitalized Contributions Reserves of earnings Global Contributions Adjustment Results adjustment of Movements Capital Premiums irrevocable Adjustments to global of Legal Other unassigned accumulated Social issuance for future patrimony capital assigned earnings shares increases of capital
13. Other movements. Detail:
….. …….. ……… ……. ….. …… ….. ………. ……… ……..
14. Balances at the end of the period
(or year) (1) (1)
(‘) Strike out what does not apply.
(1) Detail the composition of these amounts.
Page: 25 of 36

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ANNEX A
Entity Name:
DETAIL OF PUBLIC SECURITIES
CORRESPONDING TO THE ECONOMIC QUARTER (‘) ENDED ON…… ECONOMIC YEAR (Figures expressed in millions of pesos) Value Amount Denomination Series Nominal Residual Column 1 Column 2

• WITH QUOTATION
  From the country (1) …………… ……………
  From abroad (2) ………….. …………..
  Total ………….. …………..
• WITHOUT QUOTATION
  From the country (1) …………. ……………
  From abroad (2) ………….. …………..
  Total …………. ………….
  (‘) Strike out what does not apply.
  (1) Each class of security must be detailed.
  (2) Each class of security and the corresponding issuer must be detailed.

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ANNEX B
Entity Name:
CLASSIFICATION OF LOANS AND OTHER CREDIT INTERMEDIATION ECONOMIC QUARTER CORRESPONDING TO THE ECONOMIC YEAR (‘) ENDED ON:…….. (Figures expressed in millions of pesos, according to books)

• LOANS
• Non-financial public sector ..................
• Financial sector ..................
• Less: Provision for uncollectable risk .................. ..................
• Non-financial private sector and residents abroad
• With preferred guarantees ..................
• With other guarantees ..................
• Without guarantees .................. ..................
  Less: Provision for uncollectable risk .................. ..................
  (1)
  Total
• OTHER CREDIT INTERMEDIATION
• With preferred guarantees ..................
• With other guarantees ..................
• Without guarantees .................. ..................
  Less: Provision for uncollectable risk .................. ..................
  Total (2)
  (‘) Strike out what does not apply.
  (1) This total must match the balance of the relevant item (Code No. 130000). This total must match the balance of the relevant item (Code No. 140000).
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ANNEX C
Entity Name:
DETAIL OF PARTICIPATIONS IN OTHER SOCIETIES
ECONOMIC QUARTER
CORRESPONDING TO THE ECONOMIC YEAR (‘) ENDED ON:……..
(Figures expressed in millions of pesos)
Shares and quotas Amount Information on the issuer Data from the last published financial statement Value Votes Activity Situation of the Class nominal by Quantity Column 1 Column 2 principal Date of Net Equity Result Society unitary share closing of Capital of the exercise FINANCIAL ENTITIES (1) Controlled …………… …………… Uncontrolled - Permanent …………… …………… Uncontrolled - Temporary …………… …………… Total OTHERS (2) Public service companies ………….. …………… Shares to be reinvested …………. …………… Others - With quotation …………. ………….. Others - Without quotation …………. …………… Total (‘) Strike out what does not apply. (1) Financial entities in which participation is held must be detailed. (2) Societies in which participation greater than 5% of the issuer's capital is held must be detailed. The rest may be grouped within each of the indicated classifications.
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ANNEX D
Entity Name:
MOVEMENT OF FIXED ASSETS AND REVALUABLE OTHER ASSETS ECONOMIC QUARTER CORRESPONDING TO THE ECONOMIC YEAR (‘) ENDED ON:…….. (Figures expressed in millions of pesos, according to books) Original cost and revaluations Accumulated depreciation At the beginning Increases Trans- Decreases At the end At the At Trans- Decreases At the Net start of feren- nucio- of the period end start Au- feren- minu- of pe- sulcicio byora- tion of cicio) tos cias cio- riodo tanciones expenses cicio nes (or exer- financial cieros FIXED ASSETS Real estate Furniture and installations Machinery and equipment Vehicles Others
....... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
TOTAL
....... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
OTHER ASSETS
Work in progress //// //// //// //// ////
Revaluable advances for purchase of assets //// //// //// //// //// Artworks //// //// //// //// //// Rented assets Other revaluable other assets
....... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
TOTAL
....... ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........ ........
(‘) Strike out what does not apply.
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ANNEX E
Entity Name:
DETAIL OF INTANGIBLE ASSETS
CORRESPONDING TO THE ECONOMIC QUARTER(‘) ENDED ON:……..
ECONOMIC YEAR
(Figures expressed in millions of pesos, according to books) Amortizations Value Au- Dis- Value Acumula- Write-offs From the year Accumulated Net at the begin- men- mi- at the end d at the co- of the at the end of the Resulting ing of the ments nu- period end of mence of exer- quota year (or year cicio) period exercise cicio)

• Goodwill (1)
• Organization and
  development expenses (2)
  Totals
  (‘) Strike out what does not apply.
  (1) In the case of more than one goodwill, each one must be reported separately. (2) If increases occur, a detail of the concepts that originated them must be provided.
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ANNEX F
Entity Name:
MOVEMENT OF PROVISIONS
ECONOMIC QUARTER
CORRESPONDING TO THE ECONOMIC YEAR (‘) ENDED ON:……..
(Figures expressed in millions of pesos, according to books) Decreases Balances at Balances at the end Detail of the start of the year Increases Unreserved Applications of the period the year (1) cions cions (or year) ASSET REGULARIZERS

• Public Securities - For devaluation risk
• Loans - For uncollectable risk
• Other Credit Intermediation -
  For uncollectable risk
• Participations in other societies - For risk of
  devaluation
• Other credits - For risk of
  uncollectable ............... ............... ............... ............... ...............
  Total
  OF LIABILITIES
• Severance indemnities
• Contingencies with the B.C.R.A.
• Unforeseen risks
• Other contingencies ............... ............... ............... ............... ...............
  Total
  (‘) Strike out what does not apply.
  (1) A description of the causes of their constitution must be made at the foot of this statement, as well as the criterion followed for the estimation of the corresponding amount.
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ANNEX G
Entity Name:
COMPOSITION OF SHARE CAPITAL
CORRESPONDING TO THE ECONOMIC QUARTER(‘) ENDED ON:……..
ECONOMIC YEAR
(Figures expressed in millions of pesos, according to books) Shares Social capital Class (1) Quantity Votes per Issued Pending Action emission or Assigned Integrated In circulation In treasury distribution
Total ..................... ..................... ..................... ................... .................
(‘) Strike out what does not apply.
(1) When dealing with preferred shares, their special issuance conditions regarding dividends, redemption values, etc. must be indicated at the foot of this annex.
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ANNEX H
Entity Name:
FOREIGN CURRENCY BALANCES
CORRESPONDING TO THE PERIOD (OR YEAR) ENDED ON ……… Amounts in millions of pesos, according to books Items Head Office Subsidiaries and subsidiaries in in the Total the country abroad ASSET AVAILABILITIES PUBLIC SECURITIES LOANS OTHER CREDIT INTERMEDIATION FINANCIAL LEASING ASSETS PARTICIPATIONS IN OTHER SOCIETIES OTHER CREDITS PENDING CHARGE ITEMS TOTAL -//-

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ANNEX H
(Cont.)
Amounts in millions of pesos, according to books Items Head Office Subsidiaries and subsidiaries in in the Total the country abroad LIABILITY DEPOSITS OTHER OBLIGATIONS FOR FINANCIAL INTERMEDIATION OTHER OBLIGATIONS PENDING CHARGE ITEMS TOTAL OFF-BALANCE SHEET ACCOUNTS

• Granted credits (unused balances)
• Obtained credits (unused balances)
• Received guarantees
• Granted guarantees
• Rediscounted documents
• Securities in custody
• Securities for collection
  TOTAL

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ANNEX I
Entity Name:
SUMMARY OF FINANCIAL STATEMENTS OF OPERATIONAL SUBSIDIARIES OF THE LOCAL ENTITY, REGISTERED ABROAD ECONOMIC QUARTER CORRESPONDING TO THE ECONOMIC YEAR (‘) ENDED ON:…….. (Figures expressed in millions of pesos) Column 1 Column 2 Net result Net result Subsidiary (1) Assets Liabilities Net Equity of the period Assets Liabilities Net Equity of the period (or year) (or year)
Total ............ ............ ............ ............ ............ ............ .............. ............
(‘) - Strike out what does not apply.
(1) - A line must be used for each subsidiary.
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Entity Name:
PROJECT FOR DISTRIBUTION OF EARNINGS
CORRESPONDING TO THE YEAR CLOSED ON...................
Amounts in millions of pesos, according to books UNASSIGNED EARNINGS A. Earnings reserves

• Legal (20% s/…………………………….. millions of pesos) ....................................
• Special for cooperative societies ....................................
• Regulatory ....................................
• Statutory ....................................
• Voluntary ....................................
  A Share dividends ( %…………. millions of pesos) ....................................
  A Cash dividends
• Preferred Shares ( %……………. millions of pesos) ....................................
• Ordinary Shares ( % …………… millions of pesos) ....................................
• National Government, Province or Municipality ....................................
• Head Office abroad ....................................
  A Assigned capital ....................................
  A Other destinations (‘) ....................................
  A Next year ....................................
  (‘) Detail the destination

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NOTES TO THE FINANCIAL STATEMENTS

1. Bases for the presentation of financial statements
   a) Column 1. It will be reported that it includes figures adjusted for inflation, and the adjustment mechanism applied for its determination must be explained in summary form. b) Column 2. It will be reported that it includes figures arising from the accounting books, and the main valuation criteria followed for their preparation must be explained in summary form, such as:

• Valuation of assets and liabilities in foreign currency.
• Valuation of gold inventories.
• Valuation of public securities.
• Methods used for the accrual of adjustments and interest.
• Valuation of financial leasing assets.
• Valuation of participations in other societies.
• Valuation of fixed assets and revaluable other assets, including the methods used for the calculation of respective depreciations.
• Valuation of other other assets.
• Valuation of intangible assets with indication of the useful life assigned for the calculation of respective amortizations.
• Accounting treatment of assets leased by the entity when a lease with purchase option has been agreed.
  In the case of entities with operational subsidiaries registered abroad, this explanation will cover the mechanism used to convert the financial statements of such subsidiaries into pesos, as well as for their subsequent consolidation. In those cases where the entity has absorbed another or when mergers have occurred during the year, the name of the intervening entities must be recorded and the criteria followed for the accounting registration of those transformations and the determination of the period's (or year's) results must be explained in summary form.

2. Changes in valuation criteria compared to those applied during the previous year
   The changes introduced in the valuation criteria compared to those applied during the previous year will be explained conceptually, justifying the reasons for the changes and exposing the effects they produced on the net result of the period (or year) and on the net equity of the entity, compared to what would have resulted had the criteria followed during the previous year been continued.
3. Correction of errors from previous years
   The causes of the adjustments of results from previous years will be explained conceptually ori-

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4. Extraordinary results
The items originating in exceptional circumstances that significantly affect the results of the period (or exercise) will be explained and quantified.
5. Restricted availability assets
The assets owned by the entity that have their availability restricted will be described and quantified, explaining the causes thereof. Within this concept are included the assets on which liens have been constituted. In these cases, the cause that motivated them and the residual accounting value of the assets corresponding to the date of closing of the period (or exercise) must be indicated.
6. Contingency
a) Those loss contingencies existing at the closing of the period (or exercise) that may have a significant effect on the Accounting Statements of the entity, but that do not meet the necessary requirements to be accrued at that date, will be described and estimated, as far as possible. b) The contingent assets that the entity has at the closing of the period (or exercise) not registered accounting, such as those originated in tax losses, applicable to compensate with future income taxes, will be described.
7. Events subsequent to the closing of the period (or exercise)
The events and/or transactions subsequent to the closing of the period (or exercise) that could significantly affect the financial situation of the entity, or that it is necessary to know for a proper interpretation of the Accounting Statements, will be described and quantified.
8. Restrictions on the distribution of profits
The existing restrictions for any reason for the distribution of cash profits, such as: amounts that must be appropriated to legal reserve, limitations for the remittance of profits of the operating subsidiaries of the entity located abroad, restrictions emanating from regulations of the Central Bank of the Republic of Argentina, statutory provisions, etc., will be described and quantified.
9. Others
Any other clarification or additional disclosure that is necessary to know for a proper interpretation of the Accounting Statements of the entity.

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INFLATION ADJUSTMENT
INSTRUCTIONS FOR ITS IMPLEMENTATION

1. Monetary assets and liabilities will not be adjusted and will therefore be exposed at their nominal value.
   Monetary assets and liabilities are those that, by their very nature, have a fixed nominal value in the country's currency, which, in the face of inflation, implies respectively an automatic loss or gain in terms of purchasing power of said currency; without prejudice to other items that may compensate such loss or gain, such as adjustments and interest.
2. For the updating of the value of non-monetary assets and liabilities, the following criteria must be followed:
   2.1. Non-monetary assets and liabilities, updated in books to the closing value of the period, will be declared at the same amounts registered accounting.
   2.2. For participations in controlled financial entities, the proportional net asset value method must be applied, based on the accounting statements adjusted for inflation of the issuing company.
   2.3. For the rest of the non-monetary assets, the following method will be used:
   a) Decomposition of the original amounts according to date or period of origin, but excluding those items that represent a partial or total recognition of the effect of inflation on the original amounts. b) Updating of the resulting amounts according to the preceding point, by applying the adjustment coefficients prepared based on the wholesale price indices, general level, of the National Institute of Statistics and Censuses. These coefficients will be obtained as the quotient between the index of the month of closing of the corresponding period and the index of the base month for the adjustment. c) Comparison of the updated amount of the assets with the pertinent market value, practicing, when appropriate, the necessary reduction so that the adjusted amount does not result higher than that value. The comparison can be made by items or by category, according to what the usual accounting practices establish. For the purposes of this comparison, market value is understood as the probable recoverable amount through its sale (net realizable value) or through its use in the entity's activity (economic utilization value), whichever is greater. For participations in companies that do not trade on stock exchanges or securities markets of the country or abroad, only the method described above will apply when the adjusted values can be justified with equal or higher economic values such as: effective realization values or proportional net asset value determined on the basis of the accounting statements adjusted for inflation of the issuing company.
3. Capital and assimilated accounts (share capital, non-capitalized contributions, equity adjustments and global capital adjustment) will be taken together as if it were a single item, applying the following procedure:

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CONAU -1-3 Página: 2 de 3 a) The total of the balances at the beginning of the exercise will be adjusted to the closing date of the period (or exercise), taking as the origin date the beginning of the exercise. b) Transfers between accounts of this group will be computed at their historical value. c) Variations in the accounts indicated with counterpart in items other than this group, will be adjusted by the corresponding coefficients (examples: capital subscriptions, withdrawals and irrevocable contributions received). d) In all cases, the amount of the adjustments will be reflected as “Global Capital Adjustment”. The balance of this account at the beginning of the first exercise subject to adjustment according to these rules, will be the one that had been determined at that date in accordance with the provisions of Circular R.F. 1001.
4. Accumulated results accounts (profit reserves, unassigned results - excluding the result of the period or exercise - and global adjustment of accumulated results) will be taken together as if it were a single item, applying the following procedure:
a) The total of the balances at the beginning of the exercise will be adjusted to the closing date of the period (or exercise), taking as the origin date the beginning of the exercise. b) Cash distributions (dividends or profit distributions) will be updated by the corresponding coefficients from the date on which the shareholders' meeting or similar body of the entity approved them. c) Share distributions and reserve transfers will not be adjusted, that is, the movements produced will be computed at their nominal value. d) In all cases, the amount of the adjustments will be reflected as “Global Adjustment of Accumulated Results”. The balance of this account at the beginning of the first exercise subject to adjustment, according to these rules, will be the one that had been determined at that date in accordance with the provisions of Circular R. F. 1001 plus (or minus) the adjustments resulting from the application of the new accounting rules in force from January 1, 1981. e) The result of the period (or exercise) arises from equity difference.
5. The accounts of the income statement of the period (or exercise) will be maintained at the amounts arising from the accounting records, with the global correction resulting from the incorporation of a compensating account, representative of the net counterpart of the correction of assets and liabilities, which will be called “Global Adjustment of Period Results”.
6. In order to facilitate the interpretation of the preceding provisions, a table is added below that summarizes the treatment that must be given to each of the assets and liabilities:

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Should balances be adjusted according to books?
NO YES
ASSETS:
Cash……………………………………… X
Public bonds:
With quotation or with pre-established income……. X Others………………………………………………. X Loans…………………………………………… X Other credits by financial intermediation……… X Financial lease assets………………………. X Participations in other companies:
Valued by the proportional net asset value meth- od…………………………………………… X Others with quotation……………………………….. X Others without quotation …………………………….. X Diverse credits:……………………………………. X Fixed assets………………………………………… X (‘) Diverse assets:
Gold………………………………………………….. X
Other revaluable…………………………………. X (‘)
Other non-revaluable……………………………. X
Intangible assets…………………………………… X
Items pending imputation - Debit balances X
LIABILITIES:
Deposits…………………………………………………. X
Other obligations by financial intermediation……. X Diverse obligations…………………………………… X Provisions……………………………………………….. X Items pending imputation - Credit balances X (‘) This adjustment corresponds exclusively to the effect of inflation of the last month, since the values according to books are adjusted until the closing of the previous month. At the closing of the exercise, no additional adjustment will correspond to the values registered in books.

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D - INFORMATION REGIME FOR INTERNAL CONTROL OF THE CENTRAL BANK OF THE REPUBLIC OF ARGENTINA QUARTERLY / ANNUAL

1. Average operational volume

• Procedure rules
• Formula 3513

2. Detail of real estate

• Procedure rules
• Formula 3517

3. Credit distribution by client

• Procedure rules
• Formula 3519

4. Distribution by client of guarantees granted

• Procedure rules
• Formula 3518

5. Balance of financing of financial entities by activities

• Procedure rules
• Formula 3212

6. Consolidation statement of local financial entities that
   count with subsidiaries abroad

• Procedure rules
• Model

7. The preceding information is included in the provisions of Circulars B.
   269 and I.F. 404.

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CONSOLIDATION STATEMENT OF LOCAL ENTITIES THAT HAVE SUBSIDIARIES ABROAD PROCEDURE RULES

1. Information for the Central Bank
   1.1. The information will have quarterly frequency and will be integrated with the data corresponding to the
   last day of each economic quarter; to this effect, the model that accompanies it will be used, which must be prepared in duplicate. The original will be sent to the Financial Entities Control Management together with the accounting statements of the respective quarter or exercise, and the duplicate will be archived in the head office of the entity.
2. Instructions for its preparation
   2.1. The amounts will be recorded in millions of pesos, without decimals, discarding fractions
   less than 500,000 and increasing to one million the fractions of 500,000 or more.
   2.2. The amounts in the column “Balance of head office and subsidiaries in the country” must coincide
   with the corresponding ones to each of the items of the balance sheet.
   2.3. The column “Balance of the operating subsidiaries located abroad” must be integrated with
   the amounts obtained in accordance with the provisions provided in the “Chart of Accounts” for the item “Subsidiaries Abroad”. The balances of the items of the “Income Statement” at the end of each month of the quarter under report, will be converted to pesos using the closing selling exchange rate for transfers of the Banco Nación Argentina, in force on the last day of the respective month. As an alternative procedure, the conversion to pesos of said balances by using the average daily exchange rate in force during each quarter will be admitted. The difference between the sum of the amounts thus obtained and the global result of the period, determined in accordance with the instructions for the item “Subsidiaries Abroad”, will be charged to the account “Global Adjustment of Period Results” (or Exercise)”.
   2.4. In the column “Eliminations” the pending balances at the closing of the period of
   the accounts between the local houses of the entity and the operating subsidiaries located abroad, as well as the results generated by reciprocal operations, will be exposed. In addition, it will be used to eliminate the amount of the item “Subsidiaries Abroad” registered in the balance sheet of the head office with the sum of the balances of the items “Net Equity” of the subsidiaries abroad, determined in accordance with the respective norms included in the “Chart of Accounts”. The algebraic sum of the figures included in this column must be equal to zero.
   2.5. The balances of the
   items of the column “Consolidated Balance” will result from the algebraic sum of the amounts of the previous columns.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Entity Name:
CONSOLIDATION STATEMENT WITH SUBSIDIARIES ABROAD CORRESPONDING TO THE ECONOMIC QUARTER (‘) ENDED ON …………… ECONOMIC EXERCISE (Figures expressed in millions of pesos, according to books) Balance Balances of operating subsidiaries Elimina- Consolidated of head located abroad cions office and subsidiaries in the country Branch… Branch… Branch… Branch… Branch… in the country ASSET AVAILABILITIES PUBLIC BONDS LOANS OTHER CREDITS BY FINANCIAL INTERMEDIATION FINANCIAL LEASE ASSETS PARTICIPATIONS IN OTHER COMPANIES DIVERSE CREDITS FIXED ASSETS DIVERSE ASSETS INTANGIBLE ASSETS SUBSIDIARIES ABROAD //// //// //// //// //// //// ITEMS PENDING
OF IMPUTATION ....... ....... ....... ....... ....... ....... ....... .......
TOTAL ....... ....... ....... ....... ....... ....... ....... .......
LIABILITY AND NET EQUITY
DEPOSITS
OTHER OBLIGATIONS BY
FINANCIAL INTERMEDIATION
DIVERSE OBLIGATIONS
PROVISIONS
ITEMS PENDING OF
IMPUTATION
NET EQUITY ....... ....... ....... ....... ....... ....... ....... .......
TOTAL ....... ....... ....... ....... ....... ....... ....... .......
ORDINARY ACCOUNTS
AGREED CREDITS (BALANCES
NOT USED)

• // -

Versión: 1ª.
Fecha:15.4.81 Comunicación “A”
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Entity Name:
CONSOLIDATION STATEMENT WITH SUBSIDIARIES ABROAD ECONOMIC QUARTER CORRESPONDING TO THE ECONOMIC EXERCISE (‘) ENDED ON:…….. (Figures expressed in millions of pesos, according to books) Income Statements of operating subsidiaries Statements of located abroad Eliminations Consolidated of head office and subsidiaries in the country Branch… Branch… Branch… Branch… Branch… in the country FINANCIAL INCOME FINANCIAL EXPENSES CHARGE FOR UNCOLLECTABLES INCOME FROM SERVICES EXPENSES FROM SERVICES ADMINISTRATION EXPENSES DIVERSE PROFITS DIVERSE LOSSES GLOBAL ADJUSTMENT OF THE RESULTS OF THE EXERCISE (OR PERIOD) INCOME TAX NET RESULT OF THE EXERCISE (OR PERIOD) Página: 2 de 3

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Balance of head Operating subsidiaries located abroad Consolidated office and subsidiaries in the country Branch… Branch… Branch… Branch…Branch… OBTAINED CREDITS (UNUSED BALANCES) GUARANTEES RECEIVED GUARANTEES GRANTED RE-DISCOUNTED DOCUMENTS VALUES IN CUSTODY VALUES TO COLLECT VALUES COMPENSABLE AT THE CHARGE OF THE ENTITY, PENDING OF AGREEMENT VALUES AT THE CHARGE OF OTHER ENTITIES, PENDING OF AGREEMENT (‘) - Cross out what does not correspond.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Versión: 2ª. Fecha: 15.4.81 Comunicación “A”
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Chapter : Asset
Item : Subsidiaries abroad
Currency / residence :
Other attributes :
Imputation :
Includes the peso equivalent of the “Net Equity” of the operating subsidiaries of the local entity located abroad in the country, which will be determined monthly on the basis of their respective accounting statements, applying the following provisions:
1) Preparation of the accounting statements of said subsidiaries, in the currency of the country where they are located, following the accounting rules established by the Central Bank of the Republic of Argentina for the local houses of the entity, except that the fixed assets and revaluable diverse assets must not be updated.
The preparation of said statements does not imply modifying the accounting registrations made in accordance with the pertinent provisions of the country where they are located, but only making the extra-accounting adjustments necessary to adapt them to the rules established by the Central Bank of the Republic of Argentina.
2) Conversion to pesos of the accounting statements mentioned above, following the
procedures indicated below:
a) Monetary assets and liabilities
Monetary assets and liabilities will be converted at the closing selling exchange rate for transfers of the Banco de la Nación Argentina in force on the closing date of the period. Monetary assets and liabilities are understood as those that, by their very nature, have a fixed nominal value in the currency of the corresponding country, and that in the face of the variation in the quotation of said currency with respect to the peso generate an automatic loss or gain. b) Non-monetary assets and liabilities In the case of those updated to the closing value of the period, they will be converted at the exchange rate previously indicated for monetary assets and liabilities. For the rest of the non-monetary assets, the following method will be used:

• They will be decomposed by date or period of origin of the corresponding amounts,
  but excluding those activated items that represent a partial or total recognition of the effect of variations in the exchange rate on the original amounts.
• The conversion to pesos of the resulting amounts according to the preceding point will be carried out, by using the cited exchange rate, in force on the origin date of the corresponding assets.

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• The amounts in pesos corresponding to fixed assets and revaluable diverse assets will be updated, in accordance with the provisions established for the item “Fixed Assets”.
• A comparison will be made of the peso value determined of the corresponding assets with the pertinent market value (converted to pesos at the aforementioned exchange rate in force at the closing of the period), practicing when appropriate the necessary reduction so that the amount of the asset converted to pesos does not result higher than this latter value. For the purposes of this comparison, market value is understood as the probable recoverable amount through its sale (net realizable value) or through its use in the entity's activity (economic utilization value), whichever is greater.
  In the particular case of fixed assets and revaluable diverse assets, it will be admitted - as an alternative procedure - that their amount be determined by converting their book value to pesos at the indicated exchange rate, in force at the closing of the period, when this is more representative of economic reality. c) The assigned capital will be computed at the pesos amounts remitted by the Head Office, net of the returns made, and accounted for by it in its books. d) The accumulated results will be determined by difference between the asset, the liability, the assigned capital and the equity adjustments, converted to pesos as indicated above. e) The period results will be determined by difference between the accumulated results at the beginning minus the cash profit distributions (computed at the pesos amounts received by the Head Office) and the accumulated results at the closing. The variations produced in the value of the “Net Equity” of these subsidiaries, originated in period results, will be accounted for in the books of the Head Office with counterpart in “Results of subsidiaries abroad”. On the other hand, the variations originated in the update of fixed assets and revaluable diverse assets by any of the two methods provided above, will be charged to “Equity Adjustments - Equity Adjustment Fund - Subsidiaries Abroad”. In order to facilitate the interpretation of the preceding provisions, a table is added below that summarizes the exchange rates usable to convert each of the assets and liabilities of the operating subsidiaries of the entity located abroad:

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
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Código:
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Exchange rates
Closing Historical
ASSETS:
Cash X
Public bonds:
With quotation or with pre-established income X Others X Loans X Other credits by financial intermediation X Financial lease assets X Participation in other companies:
Valued by the proportional net asset value method () () Others with quotation X Others without quotation X Diverse credits: X Fixed assets () () Diverse assets:
Gold X
Other revaluable () ()
Other non-revaluable X
Intangible assets
Items pending imputation - Debit balances X
LIABILITIES:
Deposits X
Other obligations by financial intermediation X Diverse obligations X Provisions X Items pending imputation - Credit balances X (*) In these cases, a special exchange rate will not be used, but the accounting statements of the controlled company must be converted to pesos following procedures similar to those included in this item, and then the proportional net asset value will be calculated on said accounting statements. () Any of the two methods provided in these rules may be applied.