Resolution modifying the general provisions applicable to investment funds and service providers

If the document is presented incomplete on the right margin, it is because it contains tables that exceed the default width. If this is the case, click here to view it correctly.

DOF: 04/01/2018

RESOLUTION modifying the general provisions applicable to investment funds and the persons who provide services to them

On the margin, a seal with the National Coat of Arms, which says: United Mexican States.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on what is provided by articles 76, second paragraph of the Investment Funds Law, 4, fractions III, IV, XXXVI and XXXVIII and 16, fraction I of the National Banking and Securities Commission Law; 12, 15 first paragraph, 25, fraction I, subsections a), b) and d); 42, fraction I and 58 of the Internal Regulations of the National Banking and Securities Commission, as well as articles 17, fraction I, subsection 1) and 38, fractions I, subsections 2), 3) and 11) and V, subsection 66) of the Agreement by which the President of the National Banking and Securities Commission delegates powers to the Vice Presidents, General Directors and Assistant General Directors of said Commission, and

CONSIDERING

That it is important to incorporate certain Financial Reporting Standards issued by the Mexican Council for Financial Reporting Standards, A.C., so that they become applicable to investment funds, fund operating companies and fund share distribution companies at the time of determining the deadline for their application, with the object that these financial entities are able to comply with them, has resolved to issue the following:

RESOLUTION MODIFYING THE GENERAL PROVISIONS APPLICABLE TO INVESTMENT FUNDS AND THE PERSONS WHO PROVIDE SERVICES TO THEM

SOLE.- The Annexes 5, Criteria A-2 "Application of particular norms"; 6, Criteria A-2 "Application of particular norms" and 7, Criteria A-2 "Application of particular norms" of the "General provisions applicable to investment funds and the persons who provide services to them", published in the Official Journal of the Federation on November 24, 2014 and modified through resolutions published in said Official Journal on December 26, 2014; January 6 and 9, July 23, August 3, September 1 and 18, 2015; January 6, September 28, November 17 and December 27, 2016; and April 14 and October 4, 2017, are REFORMED, to read as follows:

TITLES FIRST to EIGHTH

...

Annexes 1 to 4 ...

Annex 5

Accounting criteria for investment funds.

Annex 6

Accounting criteria for fund operating companies.

Annex 7

Accounting criteria for fund share distribution companies.

Annexes 8 to 21

...

TRANSITIONAL

SOLE.-

The Financial Reporting Standards B-17 "Determination of fair value", C-3 "Accounts receivable", C-9 "Provisions, contingencies and commitments", C-16 "Impairment of financial instruments for collection", C-19 "Financial instruments for payment", C-20 "Financial instruments to collect principal and interest", D-1 "Revenue from contracts with customers" and D-2 "Costs from contracts with customers" issued by the Mexican Council for Financial Reporting Standards, A.C. and referred to in paragraph 3 of Criteria A-2 "Application of particular norms" of Annexes 5, 6 and 7 that are modified through this instrument will enter into force on January 1, 2019.

Respectfully,

Mexico City, December 20, 2017.- National Banking and Securities Commission: the Vice President of Normativity, Arcelia Olea Leyva.- Signature.- The Vice President of Stock Market Supervision, Gloria Paola Fragoso Contreras.- Signature.

A-2 APPLICATION OF PARTICULAR NORMS

Objective and scope

This criterion aims to clarify the application of particular norms of the NIFs, as well as clarifications thereof.

1

The subject matter of this criterion is:

a) the application of some of the particular norms made known in the NIFs, and

b) the clarifications to the particular norms contained in the NIFs.

Financial Reporting Standards

2

In accordance with what is established in criterion A-1 "Basic scheme of the set of accounting criteria applicable to investment funds", entities shall observe, until there is an express pronouncement by the CNBV, the particular norms contained in the bulletins or NIFs detailed below, or in the NIFs that replace or modify them:

NIF Series B "Norms applicable to financial statements as a whole"

Accounting changes and corrections of errors .................................................................... B-1

Business combinations ......................................................................................... B-7

Consolidated or combined financial statements ................................................................. B-8

Interim financial information ...................................................................... B-9

Events after the reporting date ................................................................................ B-13

Earnings per share .................................................................................................. B-14

Determination of fair value ................................................................................ B-17

NIF Series C "Norms applicable to specific concepts of financial statements"

Accounts receivable ................................................................................................. C-3

Prepayments .................................................................................................. C-5

Property, plant and equipment ...................................................................................... C-6

Investments in associates, joint ventures and

other permanent investments .................................................................................... C-7

Intangible assets .................................................................................................. C-8

Provisions, contingencies and

commitments ........................................................................................................ C-9

Equity ..................................................................................................... C-11

Financial instruments with characteristics of liability and equity ............................................................................................................ C-12

Impairment of long-lived assets and their disposal ........................................................................................................... C-15

Impairment of financial instruments for collection ............................................................... C-16

Obligations associated with the retirement of property, plant and equipment ................................................................................................................ C-18

Financial instruments for payment ............................................................................... C-19

Financial instruments to collect principal and interest ........................................................ C-20

Joint control agreements ..................................................................................... C-21

NIF Series D "Norms applicable to profit determination problems"

Revenue from contracts with customers ............................................................................... D-1

Costs from contracts with customers ................................................................................. D-2

Income taxes .............................................................................................. D-4

Leases ..................................................................................................... D-5

3

Additionally, entities shall observe the NIFs issued by CINIF on topics not foreseen in the accounting criteria for investment funds, provided that:

a) they are in effect with definitive character;

b) they are not applied in advance;

c) they do not contravene the philosophy and general concepts established in the accounting criteria for investment funds, and

d) there is no express pronouncement by the CNBV, among others, regarding clarifications to the particular norms contained in the NIF that is issued, or regarding its non-applicability.

Clarifications to the particular norms contained in the NIFs

4

Taking into consideration that entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular norms of recognition, valuation, presentation and, if applicable, disclosure, established by CINIF. In virtue of this, entities observing what is established in the previous paragraph must adjust to the following:

B-8

Consolidated or combined financial statements

Permanent investments in shares of promoted companies

5

Permanent investments in shares of promoted companies will not be subject to consolidation even if control over them is exercised, and must be valued according to the equity method, taking into consideration the precision established in this criterion for said valuation method. In the case where control is held over these, relevant information about their main activity, the amounts of their assets, liabilities and main items of the statement of income, as well as the percentage of participation of the entity in the social capital of those companies, must be disclosed in notes to the financial statements.

6

With respect to the investments that investment funds hold in shares of promoted companies, in the case of capital investment funds, they will not be considered as permanent from the date when placements are made through public offering in accordance with applicable regulation, in which case, they will adhere to what is established in criterion B-2 "Investments in securities".

C-3

Accounts receivable

7

For purposes of Bulletin C-3, accounts receivable derived from the operations referred to in criteria B-3 "Repo transactions", B-4 "Securities lending" and B-5 "Derivatives and hedging operations", issued by the CNBV, shall not be included, since the norms of recognition, valuation, presentation and disclosure applicable are contemplated therein.

Estimation for uncollectibility or difficult collection

8

No estimation for uncollectibility or difficult collection shall be constituted in the following cases:

a) tax balances due,

and

b) liquidating accounts.

C-7

Investments in associates, joint ventures and other permanent investments

Permanent investments in shares of promoted companies

9

In the case where significant influence is held over permanent investments in shares of promoted companies, relevant information about their main activity, the amounts of their assets, liabilities and main items of the statement of income, as well as the percentage of participation of the investment company in the social capital of those companies must be disclosed in notes to the financial statements.

10

Regarding the requirements for the application of the equity method referenced in NIF C-7, the accounting of promoted companies is exempt from uniform recognition of accounting criteria for investment funds, solely with respect to the restatement of financial statements, considering that said criterion is not applicable to investment funds.

11

In relation to the valuation of permanent investments in shares of promoted companies through the equity method, the entity must recognize its proportional share of the increase or decrease in other items of comprehensive income within the equity of the promoted company (that is, excluding net income), under the item "valuation result of permanent investments in shares of promoted companies" within equity.

12

With respect to the investments that investment funds hold in shares of promoted companies, in the case of capital investment funds, they will not be considered as permanent from the date when placements are made through public offering in accordance with applicable regulation, in which case, they will adhere to what is established in criterion B-2 "Investments in securities".

C-9

Liability, provisions, contingent assets and liabilities and commitments

13

For purposes of Bulletin C-9, liabilities related to the operations referred to in criteria B-3, B-4 and B-5 are not included, as these are contemplated in said criteria.

C-11

Equity

14

At the bottom of the balance sheet, the historical amount of social capital must be disclosed.

D-4

Income taxes

15

For the case of accrued income taxes, the manner in which they were determined must be disclosed via notes to the financial statements, explaining the bases used for their calculation.

16

Regarding the disclosure required in NIF D-4 on the concepts of temporary differences, additionally, those related to the main operations of the entities must be disclosed, for example, those originated by the valuation of shares.

D-5

Leases

Capitalizable leases

Requirements

17

For purposes of the requirements established in paragraph 33 of Bulletin D-5, it will be understood that the lease period is substantially equal to the remaining useful life of the leased asset, if such contract covers at least 75% of its useful life. Likewise, the present value of minimum payments will be substantially equal to the market value of the leased asset, if such present value constitutes at least 90% of that value.

Operating leases

Accounting for the lessee

18

For presentation purposes, the lessee must include the lease liability in the balance sheet as part of the item of other creditors and other accounts payable, and in the statement of income the lease expense in the item of administrative expenses.

19

A-2 APPLICATION OF PARTICULAR NORMS

Objective and scope

This criterion aims to clarify the application of particular norms of the NIFs, as well as clarifications thereof.

1

The subject matter of this criterion is:

a) the application of some of the particular norms made known in the NIFs, and

b) the clarifications to the particular norms contained in the NIFs.

Financial Reporting Standards

2

In accordance with what is established in criterion A-1 "Basic scheme of the set of accounting criteria applicable to fund operating companies", entities shall observe, until there is an express pronouncement by the CNBV, the particular norms contained in the bulletins or NIFs detailed below, or in the NIFs that replace or modify them:

NIF Series B "Norms applicable to financial statements as a whole"

Accounting changes and corrections of errors .................................................................... B-1

Business combinations ......................................................................................... B-7

Consolidated or combined financial statements ................................................................. B-8

Interim financial information ...................................................................... B-9

Effects of inflation ............................................................................................... B-10

Events after the reporting date ....................................................................................... B-13

Earnings per share .................................................................................................. B-14

Determination of fair value ................................................................................ B-17

NIF Series C "Norms applicable to specific concepts of financial statements"

Accounts receivable ................................................................................................. C-3

Prepayments .................................................................................................. C-5

Property, plant and equipment ...................................................................................... C-6

Investments in associates, joint ventures and

other permanent investments .................................................................................... C-7

Intangible assets .................................................................................................. C-8

Provisions, contingencies and commitments ....................................................................... C-9

Equity ..................................................................................................... C-11

Financial instruments with characteristics of liability and equity ............................................ C-12

Impairment of long-lived assets and their disposal ........................................ C-15

Impairment of financial instruments for collection ................................................................ C-16

Obligations associated with the retirement of property, plant and equipment ......................................... C-18

Financial instruments for payment ................................................................................ C-19

Financial instruments to collect principal and interest ........................................................ C-20

Joint control agreements ..................................................................................... C-21

NIF Series D "Norms applicable to profit determination problems"

Revenue from contracts with customers ................................................................................ D-1

Costs from contracts with customers ................................................................................. D-2

Employee benefits ........................................................................................ D-3

Income taxes .............................................................................................. D-4

Leases ..................................................................................................... D-5

Capitalization of comprehensive financing result .......................................................... D-6

Share-based payments ....................................................................................... D-8

3

Additionally, entities shall observe the NIFs issued by CINIF on topics not foreseen in the accounting criteria for fund operating companies, provided that:

a) they are in effect with definitive character;

b) they are not applied in advance;

c) they do not contravene the philosophy and general concepts established in the accounting criteria for fund operating companies, and

d) there is no express pronouncement by the CNBV, among others, regarding clarifications to the particular norms contained in the NIF that is issued, or regarding its non-applicability.

Clarifications to the particular norms contained in the NIFs

4

Taking into consideration that entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular norms of recognition, valuation, presentation and, if applicable, disclosure, established by CINIF. In virtue of this, entities observing what is established in the previous paragraph must adjust to the following:

B-8

Consolidated or combined financial statements

5

Regarding the requirements for consolidation of financial statements referenced in NIF B-8, investment funds are exempt from uniform recognition of accounting criteria for fund operating companies, solely with respect to the restatement of financial statements, considering that said criterion is not applicable to investment funds.

B-10

Effects of inflation

Determination of monetary position

6

In the case of an inflationary environment based on what is stated by NIF B-10, the following must be attended to:

7

Entities must disclose the initial balance of the main monetary assets and liabilities that were used for the determination of the monetary position of the period, differentiating, if applicable, those that affect from those that do not affect the comprehensive financing margin.

Price index

8

The entity must use the value of the Investment Unit (UDI) as the price index.

Result from monetary position

9

The result from monetary position (REPOMO) that has not been presented directly in equity nor capitalized in terms of what is established in NIF B-10, must be presented in the statement of income in a specific item within the comprehensive financing margin when it comes from comprehensive financing margin items, otherwise it will be presented within the item of other income (expenses) of the operation.

10

The REPOMO related to items whose valuation adjustments are recognized in equity, must be presented in the equity account corresponding to its nature, for example, the REPOMO attributable to the valuation effect of available-for-sale securities must be presented in the item similar to it.

C-3

Accounts receivable

Scope

11

For purposes of Bulletin C-3, accounts receivable derived from the operations referred to in criterion B-3 "Repo transactions", issued by the CNBV, shall not be included, since the norms of recognition, valuation, presentation and disclosure applicable are contemplated therein.

Loans to officials and employees

12

Interest derived from loans to officials and employees will be presented in the statement of income in the item of other income (expenses) of the operation.

Estimation for uncollectibility or difficult collection

13

For the loans that entities grant to their officials and employees, as well as for those accounts receivable relative to identified debtors whose maturity is agreed from origin to a term greater than 90 natural days, they must create, if applicable, an estimation that reflects their degree of uncollectibility.

14

Such estimation must be obtained by conducting a study that serves as a basis to determine the different

future events quantifiable that could affect the amount of those accounts receivable, showing thereby the estimated recoverable value of the claims due.

15

The estimation of accounts receivable not included in the previous paragraph 14 shall be constituted by the total amount of the debt according to the following deadlines:

a)

at 60 natural days following their initial registration, when they correspond to unidentified debtors, and

b)

at 90 natural days following their initial registration, when they correspond to identified debtors.

16

No estimation for uncollectibility or difficult collection shall be constituted in the following cases:

a)

tax balances in favor;

b)

creditable value-added tax, and

c)

settling accounts.

C-7

Investments in associates, joint ventures and other permanent investments

17

Investments in shares related to the minimum fixed share capital that operating companies of investment funds hold with respect to the investment funds they administer are considered permanent investments with significant influence.

18

Regarding the requirements for the application of the equity method referred to in NIF C-7, investment funds are exempt from the uniform recognition of accounting criteria for operating companies of investment funds, solely with respect to the restatement of financial statements, considering that such criterion is not applicable to investment funds.

C-9

Liabilities, provisions, contingent assets and liabilities and commitments

Scope

19

For the purposes of Bulletin C-9, liabilities related to the operations referred to in criterion B-3 are not included, as these are contemplated in said criterion.

Bank loans and loans from other organizations

20

Bank loans and loans from other organizations shall be recognized based on the contractual value of the obligation, recognizing accrued interest directly in the results of the period as an interest expense.

21

They shall disclose in the notes to the financial statements the total amount of bank loans, as well as those from other organizations, indicating for both the type of currency, as well as the maturity terms, guarantees and weighted average rates to which they are subject, if applicable.

22

In the case of credit lines received by the entity in which not the entire authorized amount is drawn, the unused portion thereof shall not be presented in the balance sheet. However, entities shall disclose through notes to the financial statements the unused amount, in accordance with what is established in criterion A-3 "Application of general standards", regarding the disclosure of financial information.

23

Commissions paid derived from loans received by the entity shall be recorded on the date they are generated in the results of the period, in the item of other income (expenses) from operations.

C-11

Shareholders' equity

24

At the end of the balance sheet, they shall disclose the historical amount of fixed and variable share capital.

D-3

Employee benefits

25

The liability generated by employee benefits shall be presented in the balance sheet within the item other accounts payable.

26

Additionally, through notes to the financial statements, it shall be disclosed:

a)

the manner in which the Workers' Participation in Profits (PTU) was determined, explaining the bases used for its calculation, and

b)

the identification of obligations for employee benefits in the short and long term.

27

Prepayments arising from the application of this NIF shall form part of the item of other assets.

D-4

Income taxes

28

For the case of income taxes incurred, it shall be disclosed through notes to the financial statements the manner in which these were determined, explaining the bases used for their calculation.

29

Regarding the disclosure required in NIF D-4 on the concepts of temporary differences, additionally, those related to the comprehensive financing margin and to the main operations of the entities shall be disclosed, for example, those originated by the valuation of shares.

D-5

Leases

Capitalizable leases

Requirements

30

For the purposes of the requirements established in paragraph 33 of Bulletin D-5, it shall be understood that the lease period is substantially equal to the remaining useful life of the leased asset if such contract covers at least 75% of its useful life. Likewise, the present value of minimum payments will be substantially equal to the market value of the leased asset if such present value constitutes at least 90% of that value.

Operating leases

Accounting for the lessee

31

For presentation purposes, the lessee shall include in the balance sheet the lease liability as part of the item of other creditors and other accounts payable, and in the statement of comprehensive income the lease expense in the item of administrative expenses.

D-6

Capitalization of comprehensive financing result

32

For the purposes of this NIF, Comprehensive Financing Result shall be understood as the following concepts: a) interest; b) monetary position result, c) gain or loss on exchange and d) the other costs associated with those referred to in NIF D-6. Such concepts may be capitalized to qualifying assets, instead of being recognized in the statement of comprehensive income as interest income or expenses or other income (expenses) from operations, as appropriate, based on what is established in the cited NIF D-6.

33

The foregoing shall not be applicable to qualifying assets in which a specific accounting criterion issued by the CNBV establishes a different treatment.

34

A-2 APPLICATION OF PARTICULAR STANDARDS

Objective and scope

This criterion aims to clarify the application of particular standards of the NIFs, as well as clarifications thereof.

1

The subject matter of this criterion is:

a)

the application of some of the particular standards made known in the NIFs, and

b)

the clarifications to the particular standards contained in the NIFs.

Financial Reporting Standards

2

In accordance with what is established in criterion A-1 "Basic scheme of the set of accounting criteria applicable to companies distributing shares of investment funds", entities shall observe, until there is an express pronouncement by the CNBV, the particular standards contained in the bulletins or NIFs detailed below, or in the NIFs that replace or modify them:

NIF B Series "Standards applicable to financial statements as a whole"

Accounting changes and corrections of errors

.................................................................... B-1

Business combinations

......................................................................................... B-7

Consolidated or combined financial statements

................................................................. B-8

Financial information at interim dates

...................................................................... B-9

Effects of inflation

............................................................................................... B-10

Subsequent events after the date of the financial statements

....................................................... B-13

Earnings per share

................................................................................................... B-14

Determination of fair value

................................................................................. B-17

NIF C Series "Standards applicable to specific concepts of financial statements"

Accounts receivable

.................................................................................................. C-3

Prepayments

................................................................................................... C-5

Property, plant and equipment

...................................................................................... C-6

Investments in associates, joint ventures and

other permanent investments

..................................................................................... C-7

Intangible assets

.................................................................................................. C-8

Provisions, contingencies and commitments

....................................................................... C-9

Shareholders' equity

..................................................................................................... C-11

Financial instruments with liability and equity characteristics

........................................................................................................... C-12

Impairment of long-lived assets and their disposal

......................................... C-15

Impairment of financial assets receivable

................................................................ C-16

Obligations associated with the retirement of property, plant and equipment

......................................... C-18

Financial instruments payable

................................................................................ C-19

Financial instruments to collect principal and interest

......................................................... C-20

Joint control agreements

..................................................................................... C-21

NIF D Series "Standards applicable to income determination problems"

Revenue from contracts with customers

................................................................................ D-1

Costs from contracts with customers

.................................................................................. D-2

Employee benefits

......................................................................................... D-3

Income taxes

............................................................................................... D-4

Leases

...................................................................................................... D-5

Capitalization of comprehensive financing result

........................................................... D-6

Share-based payments

........................................................................................ D-8

3

Additionally, entities shall observe the NIFs issued by the CINIF on topics not foreseen in the accounting criteria for companies distributing shares of investment funds, provided that:

a)

they are in force with definitive character;

b)

they are not applied in advance;

c)

they do not contravene the philosophy and general concepts established in the accounting criteria for companies distributing shares of investment funds, and

d)

there is no express pronouncement by the CNBV, among others, regarding clarifications to the particular standards contained in the NIF to be issued, or regarding its non-applicability.

Clarifications to the particular standards contained in the NIFs

4

Taking into consideration that entities carry out specialized operations, it is necessary to establish clarifications that adapt the particular standards of recognition, valuation, presentation and, if applicable, disclosure, established by the CINIF. In virtue thereof, entities observing what is established in the previous paragraph shall adjust to the following:

B-8

Consolidated or combined financial statements

5

Regarding the requirements for consolidation of financial statements referred to in NIF B-8, investment funds are exempt from the uniform recognition of accounting criteria for operating companies of investment funds, solely with respect to the restatement of financial statements, considering that such criterion is not applicable to investment funds.

B-10

Effects of inflation

Determination of monetary position

6

In the case of an inflationary environment based on what is stated by NIF B-10, the following shall be attended to:

7

Entities shall disclose the initial balance of the main monetary assets and liabilities used to determine the monetary position of the period, differentiating, if applicable, those that affect from those that do not affect the comprehensive financing margin.

Price index

8

The entity shall use the value of the Investment Unit (UDI) as the price index.

Monetary position result

9

The monetary position result (REPOMO) that has not been presented directly in shareholders' equity nor capitalized in terms of what is established in NIF B-10, must be presented in the statement of comprehensive income in a specific item within the comprehensive financing margin when it comes from items of comprehensive financing margin; otherwise, it shall be presented within the item of other income (expenses) from operations.

10

The REPOMO related to items whose valuation adjustments are recognized in shareholders' equity shall be presented in the shareholders' equity account corresponding to its nature, for example, the REPOMO attributable to the effect of valuation of available-for-sale securities shall be presented in the item similar to it.

C-3

Accounts receivable

Scope

11

For the purposes of Bulletin C-3, accounts receivable derived from the operations referred to in criterion B-3 "Repo transactions", issued by the CNBV, shall not be included, as the recognition, valuation, presentation and disclosure standards applicable are contemplated therein.

Loans to officials and employees

12

Interest derived from loans to officials and employees shall be presented in the statement of comprehensive income in the item of other income (expenses) from operations.

Estimation for uncollectibility or difficult collection

13

For loans granted by entities to their officials and employees, as well as for those accounts receivable relative to identified debtors whose maturity is agreed from the origin to a term greater than 90 natural days, they shall create, if applicable, an estimation that reflects their degree of uncollectibility.

14

Such estimation shall be obtained by conducting a study that serves as a basis to determine the different future quantifiable events that could affect the amount of those accounts receivable, showing thereby the estimated recoverable value of the claims due.

15

The estimation of accounts receivable not included in the previous paragraph 14 shall be constituted by the total amount of the debt according to the following deadlines:

a)

at 60 natural days following their initial registration, when they correspond to unidentified debtors, and

b)

at 90 natural days following their initial registration, when they correspond to identified debtors.

16

No estimation for uncollectibility or difficult collection shall be constituted in the following cases:

a)

tax balances in favor;

b)

creditable value-added tax, and

c)

settling accounts.

C-7

Investments in associates, joint ventures and other permanent investments

17

Regarding the requirements for the application of the equity method referred to in NIF C-7, investment funds are exempt from the uniform recognition of accounting criteria for operating companies of investment funds, solely with respect to the restatement of financial statements, considering that such criterion is not applicable to investment funds.

C-9

Liabilities, provisions, contingent assets and liabilities and commitments

Scope

18

For the purposes of Bulletin C-9, liabilities related to the operations referred to in criterion B-3 are not included, as these are contemplated in said criterion.

Bank loans and loans from other organizations

19

Bank loans and loans from other organizations shall be recognized based on the contractual value of the obligation, recognizing accrued interest directly in the results of the period as an interest expense.

20

They shall disclose in the notes to the financial statements the total amount of bank loans, as well as those from other organizations, indicating for both the type of currency, as well as the maturity terms, guarantees and weighted average rates to which they are subject, if applicable.

21

In the case of credit lines received by the entity in which not the entire authorized amount is drawn, the unused portion thereof shall not be presented in the balance sheet. However, entities shall disclose through notes to the financial statements the unused amount, in accordance with what is established in criterion A-3 "Application of general standards", regarding the disclosure of financial information.

22

Commissions paid derived from loans received by the entity shall be recorded on the date they are generated in the results of the period, in the item of other income (expenses) from operations.

C-11

Shareholders' equity

23

At the end of the balance sheet, they shall disclose the historical amount of fixed and variable share capital.

D-3

Employee benefits

24

The liability generated by employee benefits shall be presented in the balance sheet within the item other accounts payable.

25

Additionally, through notes to the financial statements, it shall be disclosed:

a)

the manner in which the Workers' Participation in Profits (PTU) was determined,

explaining the bases used for its calculation, and

b)

the identification of obligations for employee benefits in the short and long term.

26

Prepayments arising from the application of this NIF shall form part of the item of other assets.

D-4

Income taxes

27

For the case of income taxes incurred, it shall be disclosed through notes to the financial statements the manner in which these were determined, explaining the bases used for their calculation.

28

Regarding the disclosure required in NIF D-4 on the concepts of temporary differences, additionally, those related to the comprehensive financing margin and to the main operations of the entities shall be disclosed, for example, those originated by the valuation of shares.

D-5

Leases

Capitalizable leases

Requirements

29

For the purposes of the requirements established in paragraph 33 of Bulletin D-5, it shall be understood that the lease period is substantially equal to the remaining useful life of the leased asset if such contract covers at least 75% of its useful life. Likewise, the present value of minimum payments will be substantially equal to the market value of the leased asset if such present value constitutes at least 90% of that value.

Operating leases

Accounting for the lessee

30

For presentation purposes, the lessee shall include in the balance sheet the lease liability as part of the item of other creditors and other accounts payable, and in the statement of comprehensive income the lease expense in the item of administrative expenses.

D-6

Capitalization of comprehensive financing result

31

For the purposes of this NIF, Comprehensive Financing Result shall be understood as the following concepts: a) interest; b) monetary position result, c) gain or loss on exchange and d) the other costs associated with those referred to in NIF D-6. Such concepts may be capitalized to qualifying assets, instead of being recognized in the statement of comprehensive income as interest income or expenses or other income (expenses) from operations, as appropriate, based on what is established in the cited NIF D-6.

32

The foregoing shall not be applicable to qualifying assets in which a specific accounting criterion issued by the CNBV establishes a different treatment.

33

---

In the document you are viewing, there may be text, characters or objects that do not display correctly due to conversion to HTML format, so we recommend always taking the digitized image of the DOF or the PDF file of the edition as a reference. The content, form and scope of the published documents are the strict responsibility of their issuer.

INQUIRY

BY DATE

Su Mo Tu We Th Fr Sa

INDICATORS

Exchange Rate and Rates as of 08/29/2026

UDIS

8.809369

See more

SURVEYS

Did you like the new look of the Official Gazette of the Federation website?

No

Yes

Official Gazette of the Federation

Río Amazonas No. 62, Col. Cuauhtémoc, C.P. 06500, Mexico City Tel. (55) 5093-3200, where you can access our service menu

Electronic address: dof.gob.mx

113

LEGAL NOTICE | SOME RIGHTS RESERVED © 2026