Resolution SBS No. 0243-2007: Establishes Rules for Preparation and Presentation of Financial Statements of Cash Transport, Custody and Administration Companies (ETCANs)

Lima, February 28, 2007

S.B.S. Resolution
No. 243-2007

The Superintendent of Banks, Insurance and Private Pension Fund Administrators:

CONSIDERING:

That, Article 17 of the General Law of the Financial System and the Insurance System and the Organic Law of the Superintendence of Banks and Insurance, Law No. 26702 and its amendments, hereinafter the General Law, considers Cash Transport, Custody and Administration Companies, hereinafter ETCANs, as complementary and related service companies, which are under the supervision and control of the Superintendence of Banks, Insurance and Private Pension Fund Administrators;

That, for adequate supervision of ETCANs, provisions regarding the preparation of their financial statements and their presentation must be established;

That, it corresponds to this Superintendence to establish the rules for adequate recording of operations carried out by supervised companies;

That, it is necessary to establish the submission of complementary information that allows the evaluation of the development of ETCAN operations;

Being in accordance with the opinion of the Adjunct Superintendencies of Banking and Microfinance, Risks and Legal Advice, as well as the Economic Studies Management;

And, in exercise of the powers conferred by paragraphs 9 and 13 of Article 349 of the General Law;

RESOLVES:

Article First.- Establish the rules for the preparation and presentation of the financial statements of ETCANs, as well as the submission of complementary information in accordance with the provisions of the following articles.

Article Second.- For the preparation of Financial Statements, ETCANs will apply the specific provisions that, regarding certain operations, this Superintendence establishes. In the event of situations not foreseen in said provisions, the provisions of the International Financial Reporting Standards (IFRS) officialized in the country by the Accounting Standards Board and, in those cases not contemplated by these, the Generally Accepted Accounting Principles currently in force in the United States of America (US GAAP), issued by the Financial Accounting Standards Board (FASB), will be applied.

The accounting recording of its operations will be subject to the codification established by the Revised General Accounting Plan.

Article Third.- ETCANs must publish the Balance Sheet and the Income Statement corresponding to the end of each annual fiscal year, in the Official Gazette El Peruano, within seven (7) business days of its approval by the General Shareholders' Meeting, and must send this Superintendence a copy of said publication within a period not exceeding five (5) business days from the date of said publication.

Article Fourth.- ETCANs must present to the Superintendence the accounting and statistical information, in the form and periodicity indicated below:

ACCOUNTING AND STATISTICAL INFORMATION
Information Name Periodicity Maximum Submission Deadline (*) Balance Sheet Form "A" Quarterly 30 days Income Statement Form "B" Quarterly 30 days Trial Balance ---- Quarterly 30 days Cash Transfer Form ETCAN-01 Quarterly 15 days Processed Cash Form ETCAN-02 Quarterly 15 days Counterfeit Money Detection Form ETCAN-03 Quarterly 15 days Cash Custody in Vault Form ETCAN-04 Quarterly 15 days Valid Insurance Contracts Form ETCAN-05 Semi-annual 15 days

For the purpose of uniform presentation, the corresponding formats are attached through which the aforementioned information must be submitted. Likewise, the following is specified:

a) The submission deadline corresponds to calendar days following the closing of the period.

b) Annual financial statements must include the Notes to the Financial Statements that reveal the significant accounting policies that have been applied for their preparation, as well as those policies that have undergone important modifications, with respect to the previous fiscal year, justifying the reasons for such changes and quantifying their effects in the financial statements.

Additionally, companies must reveal the treatment adopted and the methods and criteria applied in the preparation of the financial statements. Likewise, explain the composition of the items of the financial statements and in cases where accounts contain balances from individually significant operations, they must be identified, indicating the agreed conditions, currency, interest rate, payment plan and other relevant information.

c) The submission of information will be in physical and magnetic media (floppy disk or compact disc); however, the Superintendence may require its submission through the software called "External Capture and Validation Sub-module (SUCAVE)", when the formats are incorporated into said communication software.

d) The information to be presented by ETCANs must be signed by the officials indicated in each of the formats that are part of this Resolution.

Article Fifth.- This Resolution enters into force from the information corresponding to the month of December 2006.

In the case of information for December 2006, the submission deadline will be March 5, 2007

Register, communicate and publish,

JUAN JOSÉ MARTHANS LEÓN
Superintendent of Banks, Insurance and Private Pension Fund Administrators

FORM "A"
COMPANY:......
BALANCE SHEET AT ...... (1)
(In thousands of new soles)
ASSET Current Period Previous Period LIABILITIES AND EQUITY Current Period Previous Period S/. S/. S/. S/. Cash and Bank Overdrafts Financial Investments (net) Financial Obligations Accounts Receivable from financial system companies (net) Trade Payables Accounts Receivable from other customers (net) Payables to related parties Related Accounts Receivable Current Income Tax and Participations Other Various Accounts Receivable (net) Other Payables Diverse Supplies (net) Total Current Liabilities Prepaid Expenses Other Assets Financial Obligations Total Current Assets Long-term Payables Other Provisions (net) Long-term Accounts Receivable Deferred Gains Financial Investments (net) Deferred Income Tax and Participations - Liability Property, Plant and Equipment (net) Total Non-Current Liabilities Intangible Assets (net) Deferred Charges Total Liabilities Deferred Income Tax and Participations - Asset Other Assets Share Capital Total Non-Current Assets Additional Capital Legal Reserves Other Reserves Accumulated Results Result of the Fiscal Year Total Equity Total Assets Total Liabilities and Equity (1) Comparative quarterly balance with the quarter of the previous year

……………… ………………
GENERAL MANAGER CHIEF ACCOUNTANT

FORM "B"1
CONCEPT
COMPANY:......
INCOME STATEMENT AT ...... (1)
(In thousands of new soles)
Current Period Previous Period
S/. S/.
Operating Income
Income from services to financial system companies Income from services to other customers Other services Total Gross Income Operating Costs Other Operating Costs Gross Profit Operating Expenses Sales Expenses Administrative Expenses Operating Profit Other Income (Expenses) Financial Income Financial Expenses Gain or Loss on Sale of Assets Other Income Other Expenses Result before Income Tax Income Tax Net Income (Loss) for the Fiscal Year Net Income (Loss) Attributable Basic Income (Loss) per Common Share Diluted Income (Loss) per Common Share (1) Comparative quarterly balance with the quarter of the previous year

……………… ………………
GENERAL MANAGER CHIEF ACCOUNTANT

1 Modified by SBS Resolution No. 2740-2011 of 02/25/2011.

Form ETCAN - 01
COMPANY:......
CASH TRANSFER (1)
( .... Quarter 200.... )
(In thousands of new soles and US dollars)
OFFICES NO.
FINANCIAL SYSTEM COMPANIES / OTHERS
AMOUNT TRANSPORTED
SOLES DOLLARS
MAIN OFFICE
(location) Banks
Financial Institutions
Municipal Banks
Rural Banks
EDPYMs
Other Customers
TOTAL
OFFICE 1
(Location) Banks
Municipal Banks
Rural Banks
EDPYMs
Other Customers
TOTAL
OFFICE 2
(Location) Banks
TOTAL
OFFICE 3
(Location) Banks
GRAND TOTAL
Notes:
(1) Quarterly frequency information (January-March, April-June, July-September and October-December) Operations must be reported aggregated by type of entity and by offices (Main and Others) Location (mention the city or locality of location) of the Office - Main and Others The information must also be reported on magnetic media (Floppy Disk or CD)

……………… ………………
General Manager Prepared by

Form ETCAN - 02
COMPANY: ------
PROCESSED CASH (1)
(……….Quarter 200……)
(In thousands of new soles and US dollars)
FINANCIAL SYSTEM COMPANIES / OTHERS PROCESSED CASH AMOUNT EXPRESSED IN OFFICES NO. SOLES DOLLARS SOLES DOLLARS BANKNOTS COINS BANKNOTS BANKNOTS COINS BANKNOTS MAIN OFFICE (location) Banks Financial Institutions Municipal Banks Rural Banks EDPYMs Other Customers TOTAL OFFICE 1 (Location) Banks GRAND TOTAL Notes:
(1) Quarterly frequency information (January-March, April-June, July-September and October-December) Operations must be reported aggregated by type of entity and by offices (Main and Others) Location (mention the city or locality of location) of the Office - Main and Others The information must also be reported on magnetic media (Floppy Disk or CD)

……………… ………………
General Manager Prepared by

Form ETCAN - 03

COMPANY: ------
COUNTERFEIT MONEY DETECTION (1)
(………Quarter 200…….)
(In thousands of new soles and US dollars)
FINANCIAL SYSTEM COMPANIES / OTHERS PROCESSED CASH AMOUNT EXPRESSED IN OFFICES NO. SOLES DOLLARS SOLES DOLLARS BANKNOTS COINS BANKNOTS BANKNOTS COINS BANKNOTS MAIN OFFICE (Location) Banks Financial Institutions Municipal Banks Rural Banks EDPYMs Other Customers TOTAL OFFICE 1 Location) Banks GRAND TOTAL Notes:
(1) Quarterly frequency information (January-March, April-June, July-September and October-December) Operations must be reported aggregated by type of entity and by offices (Main and Others) Location (mention the city or locality of location) of the Office - Main and Others The information must also be reported on magnetic media (Floppy Disk or CD)

……………… ………………
General Manager Prepared by

Form ETCAN - 04

COMPANY: ------
CUSTODY OF CASH IN VAULT (1)
(………Quarter 200…….)
(In thousands of new soles and US dollars)
OFFICES NO.
FINANCIAL SYSTEM COMPANIES / OTHERS
AMOUNT IN CUSTODY (2)
SOLES DOLLARS
MAIN OFFICE
(location) Banks
Financial Institutions
Municipal Banks
Rural Banks
EDPYMs
Other Customers
TOTAL
OFFICE 1
(Location) Banks
Financial Institutions
Municipal Banks
Rural Banks
EDPYMs
Other Customers
TOTAL
OFFICE 2
(Location) Banks
TOTAL
OFFICE 3
(Location) Banks
GRAND TOTAL
Notes:
(1) Quarterly frequency information (January-March, April-June, July-September and October-December) Operations must be reported aggregated by type of entity and by offices (Main and Others) Location (mention the city or locality of location) of the Office - Main and Others The information must also be reported on magnetic media (Floppy Disk or CD) (2) Quarterly average amount by currency.

……… ………………
General Manager Prepared by

Form ETCAN-05
COMPANY: ………………
VALID INSURANCE CONTRACTS (1)
At ………………
(In thousands of US dollars)
No. Insurance Company
Policy No.
Risks Coverages Sum Insured
Validity
(1) Ordinary presentation, within fifteen (15) days following each semester. Additionally, renewals, modifications and celebration of new insurance contracts must be reported within 15 days of their occurrence.

……………… ………………
GENERAL MANAGER Prepared by