Lima, 25 February 2011

SUPERINTENDENCY OF BANKING, INSURANCE AND AFP

S.B.S. Resolution No. 2740 -2011 The Superintendent of Banking, Insurance and Private Pension Fund Administrators

CONSIDERING:

That, numeral 13 of article 349° of the General Law of the Financial System and the Insurance System and Organic Law of the Superintendency of Banking and Insurance, Law No. 26702 and its amendments, hereinafter General Law, states that the Superintendency has the attribution to issue the general rules to specify the preparation, presentation and publicity of the financial statements, and any other complementary information, ensuring that the real economic-financial situation of the companies under its supervision is reflected;

That, Supreme Decree No. 054-97-EF and its amendments that approved the Single Ordered Text of the Law of the Private System of Pension Fund Administration, states the operations that may be carried out by the private pension fund administrators;

That, by means of SBS Resolution No. 895-98 of 01 September 1998 and its amending rules, the Accounting Manual for Companies of the Financial System was approved;

That, by means of SBS Resolution No. 348-95 and its amending rules, the Chart of Accounts for Companies of the Insurance System, hereinafter Chart of Accounts, was approved;

That, by means of SBS Resolution No. 435-2005 and its amending rules, the Accounting Manual for Private Pension Fund Administrators was approved;

That, by means of SBS Resolution No. 1100-2002 and its amending rules, the Accounting Manual for Savings and Credit Cooperatives not authorized to operate with public resources was approved;

That, by means of SBS Resolution No. 040-2002 and its amending rules, the Regulation of General Deposit Warehouses was approved, in whose Chapter V accounting provisions are established;

That, by means of SBS Resolution No. 1025-2005 and amending rules, the Regulation of Fund Transfer Companies (ETF) was approved, in whose Chapter III accounting provisions are established;

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That, by means of Resolution No. 243-2007 the rules for the preparation and presentation of Financial Statements of Cash Transport, Custody and Administration Companies (ETCAN) were established;

That, within the framework of the process of adapting the accounting rules issued by this Superintendency to the International Financial Reporting Standards (IFRS), and taking into account the nature of the companies that make up the supervised systems, it is necessary to gradually incorporate some modifications to the Accounting Manual for Companies of the Financial System, to the Accounting Manual for Private Pension Fund Administrators, and to the Chart of Accounts for companies of the Insurance System, regarding the participation of workers in the profits of the companies, as well as to the accounting rules applicable to General Deposit Warehouses, ETF and ETCAN, regarding the participation of workers in the profits of the companies;

That likewise, it is necessary to modify the Accounting Manual for Savings and Credit Cooperatives not Authorized to Operate with Public Resources in order to reflect the treatment of the participation of workers in the profits of the companies;

That, in order to gather the opinions of the general public regarding the proposals to modify the regulations, the pre-publication of this resolution was ordered, under the provisions of Supreme Decree No. 001-2009-JUS;

In use of the attributions conferred by numerals 7, 9 and 13 of article 349° of the General Law, as well as the Twenty-Fourth Final and Complementary Provision of the General Law, and subsection d) of article 57° of the Single Ordered Text of the Law of the Private System of Pension Fund Administration; and,

In accordance with the opinion of the Deputy Superintendencies of Banking and Microfinance, of Insurance, of Private Pension Fund Administrators, of Risks, of Economic Studies and of Legal Advice;

RESOLVES:

Article One.- The accounting treatment of the participation of workers in the profits must be recorded in accordance with IAS 19 "Employee Benefits", recognizing it as an expense and a liability corresponding to the provision of services by the worker, therefore, consequently, the corresponding temporary differences that arise between the accounting and tax result that originate deferred assets or liabilities in accordance with IAS 12 "Income Taxes" must not be accounted for.

Article Two.- For the purposes of compliance with the provisions of Article One, the companies under the scope of control and supervision of this Superintendency, as well as the Savings and Credit Cooperatives not authorized to operate with public resources, shall apply the new treatment, recording and presenting it as follows:

a) The participation of workers in the profits of the company for the services rendered in the fiscal year shall be recorded as a personnel expense, generating neither deferred asset nor liability for this concept.

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b) The expense of the participation of workers in the profits shall be presented in the Profit and Loss Statement, in the following items, as applicable:

b.1) Companies of the Financial System: "Administrative Expenses", in the item "Personnel and Board of Directors Expenses".

b.2) Companies of the Insurance System: "Administrative Expenses".

b.3) Private Pension Fund Administrators (AFP): "Administrative Expenses", in the item "Personnel Charges".

b.4) Savings and Credit Cooperatives not Authorized to Operate with Public Resources: "Administrative Expenses".

b.5) General Deposit Warehouses: "Expenditures", in the "Personnel Expenses" item.

b.6) Fund Transfer Companies (FTC): it must be shown in the personnel expenses item.

b.7) Cash Transport, Custody and Administration Companies (ETCAN): "Operational Costs" and/or "Operational Expenses".

c) The balance as of 31 December 2010 of the deferred asset and liability accounts for employee profit sharing must be eliminated, affecting the corresponding equity income accounts.

d) In the notes to the financial statements, the accounting criterion established by this Superintendency and the reclassifications made must be disclosed.

e) As of fiscal year 2011, for comparison purposes with the 2010 information, the entire income item for employee profit sharing for fiscal year 2010 must be reclassified as personnel expense, as indicated in Article One. Likewise, in the 2010 balance sheet, for comparative purposes, the balance of employee profit sharing must be reclassified to the other assets or other liabilities item, as applicable, with only the deferred income tax item being recorded in the balance sheet.

Article Three.- The Accounting Manual for Companies of the Financial System, the Accounting Manual for Private Pension Fund Administrators, the Chart of Accounts for Insurance System Companies and the Accounting Manual for Savings and Credit Cooperatives Not Authorized to Operate with Public Funds are amended in accordance with Annexes No. 1, 2, 3 and 4 attached, which are published on the Institutional Portal (www.sbs.gob.pe) in accordance with the provisions of Supreme Decree No. 001-2009-JUS.

Article Four.- Eliminate the "Participations" item from the Profit and Loss Statement of General Deposit Warehouses, whose format is in Annex No. 2 of the Regulation of General Deposit Warehouses, approved by SBS Resolution No. 040-2002 and amending regulations.

Article Five.- Fund Transfer Companies must take into consideration when preparing the Profit and Loss Statement referred to in article 17 of the Regulation of Fund Transfer Companies, approved by SBS Resolution No. 1025-2005 and amending regulations, that employee profit sharing must be considered as an expense item.

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Article Six.- Eliminate the "Employee profit sharing" item from Form B "Profit and Loss Statement" of Cash Transport, Custody and Administration Companies (ETCAN), whose format is in SBS Resolution No. 243-2007.

Article Seven.- This Resolution enters into force as of the information corresponding to the month of January 2011, except for the provisions of Article Three, which will enter into force as of the February 2011 information. Likewise, those companies that apply the new treatment, optionally, to the financial information as of 31 December 2010, shall adhere to the guidelines established in Annex 5 attached, which is published on the Institutional Portal (www.sbs.gob.pe) in accordance with the provisions of Supreme Decree No. 001-2009-JUS.

Register, communicate and publish.

FELIPE TAM FOX
Superintendent of Banking, Insurance and
Private Pension Fund Administrators

Los Laureles No. 214 - Lima 27 - Peru Tel.: (511) 2218990 Fax: (511)4417760

ANNEX No. 1

AMENDMENTS TO THE ACCOUNTING MANUAL FOR COMPANIES OF THE FINANCIAL SYSTEM

I. The balance of subaccount 2903.02 "Profit Sharing" must be transferred to accumulated results subaccounts 3801.01, 3801.02 or 3802.01, or to the corresponding equity accounts.

II. While subaccount 4501.08 called "Employee profit sharing" is not implemented through the SUCAVE software, in accordance with the provisions of numeral 5 of section IV of this annex, companies must record the expense for employee profit sharing in account 4501 Personnel Expenses, and must not record it in account 6701. Subsequently, the amount recorded for said concept will be reclassified to subaccount 4501.08.

III. Amend Chapter II "Financial Statements for Presentation to the Superintendency of Banking, Insurance and AFP and for Publication" of the Accounting Manual for Companies of the Financial System as follows:

1. Amend Form A and its grouping rules, as follows:

a) In Assets, change the name of the item "Deferred Income Tax and Participations" to "Deferred Income Tax".

b) In Liabilities, change the name of the item "Deferred Income Tax and Participations" to "Deferred Income Tax".

2. Amend Form B and its grouping rules, as follows:

a) Change the name of the item "Results of the Year Before Participations and Income Tax" to "Result of the Year Before Income Tax".

b) Eliminate the item "Legal Distribution of Net Income".

IV. Amend Chapters III "Chart of Accounts" and IV "Description and Dynamics of Accounts" of the Accounting Manual for Companies of the Financial System, as follows:

1. Change the name of account 2903 "Deferred Income Tax and Participations" to "Deferred Income Tax".

2. Eliminate subaccount 2903.02 from the Chart of Accounts.

3. Replace the description of account 2903, named in accordance with numeral 1 "Deferred Income Tax", with the following:

"This account records the deferred income tax to be realized or paid, as a result of temporary differences, in accordance with IAS 12 "Income Taxes".

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For presentation purposes in the general balance sheet, if the net balance is a credit balance it will be reported under liabilities, while if the net balance is a debit balance it will be presented under assets, as applicable.”

4. Replace the dynamics of account 2903 with the following:

“DYNAMICS

• DEBITS: - For the estimate of the amount of the asset generated by deductible temporary differences or by carryforward tax losses

• For the application of the corresponding accounting period

• CREDITS - For the estimate of the amount of the liability generated by taxable temporary differences

• For the application of the corresponding accounting period”

  5. Incorporate into account 4501 “Personnel Expenses” subaccount 4501.08 called “Workers' participation in profits”, as well as the following description:

“In this subaccount the expense corresponding to the workers' participation in the company's profit is recorded, according to current legal provisions, with credit to subaccount 2505.02 “Participations payable”.

6. Replace the second paragraph of the description of class 6 as follows:

“It includes the operating result, the result for the year before Income Tax and the net result for the year.”

7. Replace the second debit and credit of the dynamics of account 6101 “Operating Result”, as follows:

• DEBITS: - For the operating gain resulting at the close of the year, with credit to account 6601 Result for the year before Income Tax.

• CREDITS: - For the operating loss resulting at the close of the year, with charge to account 6601 Result for the year before Income Tax.”

  8. Replace in the dynamics of account 6201 “Extraordinary Income” the Debits part, as follows:

• “DEBITS: - For the corresponding adjustments.

  9. Replace in the dynamics of account 6301 “Extraordinary Expenses” the Credits part, as follows:

• “CREDITS: - For the corresponding adjustments.”

10.
Replace in the dynamics of account 6401 “Income from Previous Years” the Debits part, as follows:

“DEBITS:

• For the corresponding adjustments”

11.
Replace the credits of the dynamics of account 6501 “Expenses from Previous Years”, as follows:

“CREDITS:

• For the corresponding adjustments.”

12.
Amend the name of item 66 “Result for the Year Before Participations and Income Tax” to “Result for the Year Before Income Tax.”

13.
Amend the name of account 6601 “Result for the Year Before Participations and Income Tax” to “Result for the Year Before Income Tax”.

14.
Eliminate item 67 “Legal Distribution of Net Income”, account 6701 “Workers' participation”, its descriptions as well as its dynamics.

15.
Replace the dynamics of account 6901 “Result for the Year”, as follows:

“DYNAMICS

DEBITS:

• For the debit balance at the close of the period or year of the
  account 6601 Result for the year before Income Tax.
• For the amount of Income Tax.
• For the transfer of the credit balance of the account, at the
  close of the period or year, to equity account 3901 Net profit for the year.

CREDITS:

• For the credit balance, at the close of the period of account
  6601 Result for the year before Income Tax.
• For the transfer of the debit balance of the account, at the close
  of the period or year, with charge to equity account 3902 Net loss for the year.”

16.
Replace the dynamics of account 1904 “Intangible Assets and Expenses Amortizable”, in accordance with the following:

“DYNAMICS

DEBITS:

• For the amount of software expenses
• For the amount of goodwill

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• For the amount of other amortizable expenses

• For the corresponding adjustments

• CREDITS: - For the recording of amortizations and impairment

• For the corresponding adjustments.”

  17. Replace subaccount 4403.03 “Amortization of expenses for software acquired” with “Amortization of software expenses”.

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ANNEX No. 2

AMENDMENTS TO THE ACCOUNTING MANUAL FOR PRIVATE PENSION FUND ADMINISTRATORS

I. The balance of account 10352 “Deferred asset for employee participations” must be transferred to account 30592 “Accumulated losses”, while the balance of account 20492 “Deferred liability for employee participations” must be transferred to account 30591 “Undistributed profits”.

II. Until analytical account 406297 is implemented through the SUCAVE software, as indicated in item 7 of section IV of this annex, companies must record the expense for employee profit sharing in analytical account 406299, and it must not be recorded under item 6087. Subsequently, the amount recorded for that concept will be reclassified to analytical account 406297.

III. Amend Section D of Chapter II “Financial Statements, Periodicity and Submission Deadlines” of the Accounting Manual for Private Pension Fund Administrators, in accordance with the following:

1. Amend Form A and its grouping rules, in accordance with the following:

a) In Assets, change the name of the item “Assets for income tax and deferred participations” to “Deferred Income Tax”.

b) In Liabilities, change the name of the item “Liabilities for income tax and deferred participations” to “Deferred Income Tax”.

2. Amend Form B and its grouping rules, in accordance with the following:

a) Change the name of the item “Result before Participations and Income Tax” to “Result for the Year before Income Tax”.

b) Eliminate the item “Current and Deferred Employee Participation”.

IV. Amend Chapters III “Chart of Accounts” and IV “Description and Dynamics of Accounts” of the Accounting Manual for Private Pension Fund Administrators, in accordance with the following:

1. Change the name of item 1035 “Assets for income tax and deferred participations” to “Deferred Income Tax Asset”.

2. Replace the description of item 1035 “Deferred Income Tax Asset” with the following:

“The deferred income tax asset recognized under this item must be treated in accordance with the provisions of IAS 12 “Income Taxes”.

The deferred income tax asset represents the amount of income tax to be recovered in future periods and that has arisen from deductible temporary differences, the tax shield associated with tax losses generated in previous periods, and unused credits from previous periods.

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The recognition of the deferred income tax asset will be made in accordance with the balance sheet liability method, which considers the temporary differences that exist between the tax base of an asset or liability and its carrying amount recognized in the Balance Sheet.

It should be noted that the carrying amount of the deferred income tax asset must be reviewed at the date of each Balance Sheet, and reduced when it is considered that sufficient taxable profits will not be generated to apply the benefits of the recorded deferred tax asset. The reduction may be reversed when it becomes probable again that sufficient taxable profits will be obtained to apply the benefits.

For presentation purposes in the Balance Sheet, the deferred income tax asset may be offset against the deferred income tax liability, if the requirements established in IAS 12 are met.

The deferred income tax asset must be recognized as income and included in the results for the year, except when it arises from transactions or events that are recognized in equity and/or business combinations through acquisition.”

3. Change the name of item 2049 “Liabilities for income tax and deferred participations” to “Deferred Income Tax Liability”.

4. Eliminate from the Chart of Accounts accounts 10352 “Deferred asset for employee participations” and 20492 “Deferred liability for employee participations”.

5. Replace the description of item 2049 “Deferred Income Tax Liability” with the following:

“The deferred income tax liability is the income tax payable in future periods, arising from taxable temporary differences. Its recognition, measurement and disclosure will adhere to the provisions of IAS 12 “Income Taxes”.

For presentation purposes in the Balance Sheet, the deferred income tax liability may be offset against the deferred income tax asset, if the requirements established in IAS 12 are met.

The deferred tax (liability) must be recognized as a counterpart to an expense and included in the results for the year, except when it arises from transactions or events that are recognized in equity and/or business combinations through acquisition.”

6. Replace the dynamics of account 2049 with the following:

“DYNAMICS

• DEBITS: - The application of the corresponding accounting period.

• The tax paid on temporary items.

• CREDITS - The estimate of deferred tax on temporary items.

• The application of the accounting period that
  corresponds.”

7. Incorporate into subaccount 40629 “Other Personnel Charges” the analytical account 406297 “Workers' Participation in Profits”, whose description is as follows:

“In this analytical account, the expense corresponding to the workers' participation in the company's profits is recorded, according to current legal provisions, with credit to subaccount 204141 “Workers' Participation in Profits Payable”.

8. Replace the description of class 6 “Results” with the following:

“It comprises the result from income received and expenses incurred during the period, arising from operations proper to the AFP's business and from other activities not related to its main activity, net of income tax.”

9. Eliminate item 6087 “Workers' Participation”, its description and its dynamics.

10. Modify the debits of the dynamics of item 6089 “Result for the Year”, as follows:

“ DYNAMICS

DEBITS:

• The debit balance at the close of the period or year of the items: 9090 “Administrative Expenses” 9091 “Selling Expenses” 4066 “Exceptional and Extraordinary Charges” 4067 “Financial Charges” 5071 “Profit (Loss) from the Encaje” 5072 “Profit (Loss) from the Complementary Fund” 5073 ”Profit (Loss) from the Longevity Fund” 5075 “Miscellaneous Income (Expenses)”

• The amount of income tax.

• The transfer of the credit balance at the close of the period or year, to account 30593 “Result for the Year.”

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ANNEX No. 3

MODIFICATIONS TO THE CHART OF ACCOUNTS FOR COMPANIES OF THE INSURANCE SYSTEM

I. Transitional regulatory clarifications:

The following provisions are not incorporated into the Chart of Accounts, but allow the adequate application of the provisions related to the new accounting policy for workers' participation:

a) The balance as of 31.12.2010 of subaccount 2902.02 “Participation in Profits” must be reclassified to the subaccount and analytical accounts of accumulated results, 3801.02.01, or 3802.01, as applicable, so that the final balance of subaccount 2902.02 is zero.

b) As long as the accounts indicated in numeral 3 of section III below are not implemented through the SUCAVE software, companies must record the expense for workers' participation in profits in analytical account 4701.01.99 “Miscellaneous Expenses”, and account 6301 must not be used. Subsequently, the amount recorded for said concept will be reclassified to the subaccount indicated in numeral III below.

II. Chapter I “General Provisions” is modified as follows:

1. The codes indicated below are incorporated into the “Table of Financial Entities”:

Code	T/ent.	FINANCIAL
70	F	Edyficar
71	F	Crear Arequipa
72	F	Confianza
73	F	Universal
74	F	Efectiva
75	F	Amerika
76	F	Uno

2. Eliminate from the “Table of Financial Entities” the code indicated below:

Code	T/ ent.	FINANCIAL
61	F	Solución

III. Chapter III “Accounting Table and Chart of Accounts” is modified as follows:

1. The name of account 2902 is modified to the following: “Income tax".

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2. Eliminate subaccount 2902.02 “Participation in Profits”.

3. Open the subaccount indicated below: 4701.05 Workers' participation in profits

4. Eliminate the following item and account: 63 Participations 6301 Workers' participation

IV. Chapter IV “Description and Dynamics” is amended as follows:

1. The description and dynamics of account 2902 are amended as follows: DESCRIPTION: It comprises those income items whose realization will take place in the current or subsequent fiscal years, such as interest from premium installments, income tax, as well as other deferred gains. Debits: - For the application to the corresponding accounting period. For the tax paid on temporary items. Credits: - For the estimate of deferred tax on temporary differences. For the application to the corresponding accounting period.

2. The description of account 4701 “Personnel” is amended as indicated below: DESCRIPTION: These accounts record expenses generated for remuneration, social laws, provisions, profit sharing and others, incurred in favor of personnel.

3. Item 63 “Participations” is eliminated, as well as its description and dynamics.

V. Chapter V “Financial Statements” is amended as follows:

1. The item “Participations” is eliminated from Form B “Income Statement”

2. In the Grouping Rules of Form B “Income Statement”, item 63 is eliminated and the references are amended as follows

CONCEPT	LEVELS IT COMPRISES
Result before income tax	N
Income Tax	64
Cumulative effect of accounting changes	67

SUPERINTENDENCY OF BANKING, INSURANCE AND AFP

Net profit (loss) for the
Fiscal Year
N – 64 + 67

VI. The “Conceptual Accounting Framework” is amended as follows:

The last paragraph of the Title “Deferred Taxes” of the Conceptual Accounting Framework is eliminated.

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ANNEX No. 4

AMENDMENTS TO THE ACCOUNTING MANUAL FOR SAVINGS AND CREDIT COOPERATIVES NOT AUTHORIZED TO OPERATE WITH PUBLIC FUNDS

I. Amend Chapter II “Financial Statements, Periodicity and Submission Deadlines” of the Accounting Manual for Savings and Credit Cooperatives Not Authorized to Operate with Public Funds, as follows:

1. Amend Form A and its grouping rules, as follows:

a) In Assets, amend the name of the item “Income Tax and Deferred Participations” to “Deferred Income Tax”.

b) In Liabilities, amend the name of the item “Income Tax and Deferred Participations” to “Deferred Income Tax”.

2. Amend Form B and its grouping rules, as follows:

a) Amend the name of the item “Results of the Fiscal Year Before Participations and Income Tax” to “Result of the Fiscal Year Before Income Tax”.

b) Eliminate the item “Legal Distribution of Net Income”.

II. Amend Chapters III “Chart of Accounts” and IV “Description and Dynamics of Accounts” of the Accounting Manual for Savings and Credit Cooperatives Not Authorized to Operate with Public Funds, as follows:

1. Amend the name of account 2903 “Income Tax and Deferred Participations” to “Deferred Income Tax”.

2. As of the January 2011 information, the balance as of 31.12.2010 of subaccount 2903.02 “Profit Sharing” must be eliminated against subaccounts of accumulated results 3801.01, 3801.02 or 3802.01, as applicable, so that the final balance of subaccount 2903.02 is zero.

3. Eliminate as of the February 2011 information the subaccount 2903.02 “Profit Sharing”.

4. Replace the description of account 2903, named in accordance with numeral 1 “Deferred Income Tax” with the following:

“This account records the deferred income tax to be realized or paid, as a result of temporary differences, in accordance with IAS 12 “Income Taxes”.

For presentation purposes in the balance sheet, if the net balance is a credit balance it will be reported in liabilities, while if the net balance is a debit balance it will be presented in assets, as applicable.”

5. Replace the dynamics of account 2903 with the following:

“DYNAMICS
DEBITS:

• For the estimate of the amount of the asset generated
  by deductible temporary differences or by carryforward tax losses.
• For the application of the corresponding
  accounting period
  CREDITS
• For the estimate of the amount of the liability generated
  by taxable temporary differences
• For the application of the corresponding
  accounting period”

6. Incorporate in account 4501 “Personnel Expenses” the subaccount 4501.08 named “Workers' participation in profits”, as well as the following description:

“This subaccount records the expense corresponding to the workers' participation in the company's profit, according to current legal provisions, with credit to subaccount 2505.02 “Participations payable”.

7. Amend the second paragraph of the description of class 6 as follows:

“It includes the operating result, the result of the fiscal year before Income Tax and the net result of the fiscal year.”

8. Amend the second debit and credit of the dynamics of account 6101 "Operating Result", in accordance with the following:

"DEBITS:

• For the operating profit resulting at the close of the
  fiscal year, with credit to account 6601 Result for the fiscal year before Income Tax.
  CREDITS:
• For the operating loss resulting at the close of the
  fiscal year, with charge to account 6601 Result for the fiscal year before Income Tax."

9. Amend in the dynamics of account 6201 "Extraordinary Income" the Debits part, in accordance with the following:

"DEBITS:

• For the corresponding adjustments."

10. Amend in the dynamics of account 6301 "Extraordinary Expenses" the Credits part, in accordance with the following:

"CREDITS:

• For the corresponding adjustments."

11. Amend in the dynamics of account 6401 "Income from Prior Fiscal Years" the Debits part, in accordance with the following:

"DEBITS:

• For the corresponding adjustments."

SUPERINTENDENCY OF BANKING, INSURANCE AND AFP

Los Laureles Nº 214 - Lima 27 - Peru Tel.: (511) 2218990 Fax: (511)4417760

12. Amend the credits of the dynamics of account 6501 "Expenses from Prior Fiscal Years", in accordance with the following:

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ANNEX No. 5

EARLY APPLICATION OF THE NEW TREATMENT OF WORKERS' PROFIT SHARING

Companies that apply the new treatment of workers' profit sharing, optionally, in the preparation of financial information as of 31 December 2010, in accordance with article seven of this regulation, must adhere to the following guidelines:

a) The accumulated balance of deferred workers' profit sharing as of 31 December 2009 shall be eliminated by affecting the corresponding equity income accounts.

b) The deferred asset or liability for workers' profit sharing shall not be calculated for the year 2010.

c) For purposes of presenting the information at the close of fiscal year 2010, the workers' profit sharing must continue to be recorded in the accounts in force as of 31 December 2010 and presented in the Statement of Profit and Loss under the structure of the format in force at that date.

d) Companies must disclose in notes to the financial statements the treatment applied in accordance with the provisions of this Resolution.