Communication A 6360: Adaptation of the Monthly Accounting Information Regime — BCRA — AR

“2017 - YEAR OF RENEWABLE ENERGIES
COMMUNICATION “A” 6360 08/11/2017
TO FINANCIAL ENTITIES:
Ref.: Circular
CONAU 1 - 1242
Adaptation of the Monthly Accounting Information Regime.
____________________________________________________________ We address you to inform you that, taking into account the provisions made known through Communications “A” 6323, “A” 6324 and complementary ones, the adaptations to the consolidated text of the Monthly Accounting Information Regime - Consolidation Statement of local entities with significant affiliates and subsidiaries in the country and abroad are attached, which will be effective from economic periods starting on 01.01.2018. We greet you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Ricardo O. Maero Estela M. del Pino Suárez Main Manager of Information Regime and Information Centers General Manager of Information Regime and Protection of Users of Financial Services

ANNEX

PROCEDURE NORMS
Instructions for their integration
Financial entities must present their consolidated statements with significant affiliates and subsidiaries in the country and abroad, in the case that the latter are financial. The amounts in the column “Balance of head office and local branches” must coincide with the corresponding ones for each of the items and accounts of the monthly balance sheet. The column of “Balance of operational affiliates abroad” and “Balance of significant subsidiaries to consolidate” must be integrated with the amounts obtained in accordance with the accounting framework based on International Financial Reporting Standards applicable to financial entities and, if appropriate, converted to pesos according to the provisions of IAS 21. The column of “Total of Balances of significant subsidiaries to consolidate in the country and abroad” will be integrated with the items and accounts coincident with those of the financial entity, and adding those that are particular to the activity of each of these entities in “Other Assets”, “Other Liabilities”, “Miscellaneous Profits”, “Miscellaneous Losses”, “Off-Balance Sheet Debtor Accounts -Contingent - Others not included in the Classification Norms of Debtors or Control - Others”, “Off-Balance Sheet Creditor Accounts -Contingent - Others not included in the Classification Norms of Debtors” or of “Control -Others”. A detailed breakdown must be made when the total of these accounts exceeds 20% of the corresponding item. In the case that there is Net result of public and private securities, Net result by options, Gold and foreign currency quotation difference with different signs for Head Office and Local Branches; Affiliates abroad and significant subsidiaries to consolidate, these will be shown in the Individual Income Statements as Financial Income or Expense depending on whether the result is positive or negative, respectively; and in the Consolidated Income Statement as a single result, through a consolidation adjustment in the Eliminations column. The “Eliminations” column will be used to:

eliminate pending balances at the end of the month of accounts between the entities that are consolidated;
eliminate results from reciprocal financial operations;
eliminate income and expenses related to transactions between group entities (period results from intragroup transactions that are recognized in assets are eliminated entirely);
eliminate the amount of the item “Affiliates abroad” recorded in the head office balance sheet with the sum of the balances of the items “Net Equity” of the affiliates abroad, determined in accordance with the corresponding norms.

MONTHLY ACCOUNTING INFORMATION REGIME
B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 4th COMMUNICATION “A” 6360 Validity:
1/1/2018

eliminate the part of the item “Participations in other companies” or “Public and private securities”, as appropriate, from the balance sheet of the consolidating entity with the “Net Equity” of the entities and companies being consolidated.
The sum of eliminations with debtor balance must coincide with the sum of eliminations with creditor balance In the row corresponding to non-controlling interests in consolidated entities or companies, the amount resulting from measuring such participations according to the applicable IFRS will be recorded. It will be shown as a distribution of the result and of the other comprehensive income of the period/fiscal year, attributable to controlling and non-controlling participations. The balances of the items in the columns “Total head office, branches and affiliates” and “Total Consolidated Balance” will result from the algebraic sum of the amounts in the columns preceding them. For the purposes of this information, the Correspondence Table attached in the R.I. for Quarterly/Annual Supervision-Consolidation Statement of local entities with other entities in the country and abroad will be used.

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance Other credits by financial intermediation Central Bank of the Argentine Republic Debtors from cash sales to settle and active swaps Financial assets delivered as guarantee Financial derivative instruments Other financial assets included in the Debtors Classification Norms Other financial assets not included in the Debtors Classification Norms Interest and adjustments accrued to receive not included in the Debtors Classification Norms Interest and adjustments accrued to receive included in the Debtors Classification Norms (Other unapplied collections) IFRS Adjustment (Provisions) Financial leasing credits Financial leasing credits Interest and adjustments accrued to receive IFRS Adjustment (Provisions) Participations in other companies In financial entities Others (Value impairment) Version: 7th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 3 MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.)

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance Other assets TOTAL ASSETS LIABILITIES Deposits Non-financial Public Sector Financial Sector Non-Financial Private Sector and Residents abroad Checking accounts Savings accounts Fixed Term Investment accounts Others Interest and adjustments IFRS Adjustment Other obligations by financial intermediation BCRA Rediscounts to attend liquidity situations Others Banks and International Organizations Non-subordinated negotiable obligations MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 4th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 5

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance Creditors from cash purchases to settle and passive swaps Financial derivative instruments Financing received from local financial entities Others Interest and adjustments IFRS Adjustment Diverse obligations Dividends to pay Fees to pay Tax liabilities Other obligations Adjustments and interest accrued to pay IFRS Adjustment Provisions Subordinated negotiable obligations Items pending allocation Other liabilities TOTAL LIABILITIES MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 5th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 6

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance EQUITY Third-party participations in consolidated entities or companies TOTAL LIABILITIES PLUS EQUITY INCOME STATEMENT Financial Income Interest on cash and bank deposits Interest on loans to the financial sector Interest on advances Interest on documents Interest on mortgage loans Interest on pawn loans Interest on credit card loans Interest on personal loans Interest on other loans Interest on other credits by financial intermediation Interest on financial leasing Interest on Guaranteed Loans-Dec.1387/01 Adjustments by CER clause Version: 7th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 7 MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.)

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance Adjustments by CVS clause Adjustments by UVA clause Adjustments by UVI clause Net result of public and private securities Net result by options Other financial income Gold and foreign currency quotation difference Financial Expenses Interest on checking account deposits Interest on savings account deposits Interest on fixed term deposits Interest on interbank loans received (calls received) Interest on other financing from financial entities Interest on other obligations by financial intermediation Interest on subordinated obligations Other interest Adjustments by CER clause Adjustments by UVA clause Adjustments by UVI clause Contributions to the deposit guarantee fund Net result of public and private securities Net result by options Other financial expenses Gold and foreign currency quotation difference MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 4th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 8

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance GROSS MARGIN OF INTERMEDIATION Charge for uncollectibility Income from services Linked to active operations Linked to passive operations Other commissions Others Expenses for services Commissions Others Administrative expenses Personnel expenses Fees to directors and auditors Other fees Propaganda and advertising Taxes Depreciation of property, plant and equipment Depreciation of intangible assets Other operating expenses Others MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 8th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 9

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance NET RESULT FROM FINANCIAL INTERMEDIATION Miscellaneous profits Result from permanent participations Punitive interest Recovered credits and provisions released Result from discontinued operations Others Miscellaneous losses Result from permanent participations Punitive interest and charges in favor of the BCRA Charge for uncollectibility of diverse credits and for other provisions Depreciation and losses from diverse goods Result from discontinued operations Others Result from affiliates abroad MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 7th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 10

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance OFF-BALANCE SHEET ITEMS DEBTOR Contingent Credits obtained (unused balances) Guarantees received Others included in the Debtors Classification Norms Others not Included in the Debtors Classification Norms Debtor contingent accounts by counter Of control Uncollectible classified credits Public and private securities received Others Debtor control accounts by counter Of derivatives Call options taken Put options taken Interest rate swaps MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.) Version: 7th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 12

Entity Name:
Corresponding to: / /
Balance of operational affiliates abroad
Balance of significant subsidiaries to consolidate Concepts Balance of head office and local branches Affiliate ... Affiliate ... Affiliate ... Eliminations Total head office, branches and affiliates (´) (´) (´) Eliminations Total Consolidated Balance Forward purchases Others Debtor derivative accounts by counter Of fiduciary activity Funds in trust CREDITOR Contingent Credits agreed (unused balances) included in the Debtors Classification Norms Guarantees granted to the B.C.R.A. Other guarantees granted included in the Debtors Classification Norms Other guarantees granted not included in the Norms of Debtors Classification Others included in the Debtors Classification Norms Others not included in the Debtors Classification Norms Creditor contingent accounts by counter Of control Values to be credited Others Creditor control accounts by the contrary Version: 8th COMMUNICATION “A” 6360 Validity: 1/1/2018 Page 13 MONTHLY ACCOUNTING INFORMATION REGIME B.C.R.A. 7 - CONSOLIDATION STATEMENT OF LOCAL ENTITIES WITH SIGNIFICANT AFFILIATES AND SUBSIDIARIES IN THE COUNTRY AND ABROAD (R.I. – E.C.)

Similar documents from other regulators