SAP Financial Consolidation 10.1, Configuration Overview

Transcription

1 SAP Financial Consolidation 10.1, starter kit for IFRS, SP2 Configuration Overview

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3 Copyright 2015 SAP BusinessObjects. All rights reserved. SAP BusinessObjects and its logos, BusinessObjects, Crystal Reports, SAP BusinessObjects Rapid Mart, SAP BusinessObjects Data Insight, SAP BusinessObjects Desktop Intelligence, SAP BusinessObjects Rapid Marts, SAP BusinessObjects Watchlist Security, SAP BusinessObjects Web Intelligence, and Xcelsius are trademarks or registered trademarks of Business Objects, an SAP company and/or affiliated companies in the United States and/or other countries. SAP is a registered trademark of SAP AG in Germany and/or other countries. All other names mentioned herein may be trademarks of their respective owners. Legal Disclaimer No part of this starter kit may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. The information in this starter kit is proprietary to SAP. No part of this starter kit s content may be reproduced, copied, or transmitted in any form or for any purpose without the express prior permission of SAP AG. This starter kit is not subject to your license agreement or any other agreement with SAP. This starter kit contains only intended content, and pre-customized elements of the SAP product and is not intended to be binding upon SAP to any particular course of business, product strategy, and/or development. Please note that this starter kit is subject to change and may be changed by SAP at any time without notice. SAP assumes no responsibility for errors or omissions in this starter kit. SAP does not warrant the accuracy or completeness of the information, text, pre-configured elements, or other items contained within this starter kit. SAP DOES NOT PROVIDE LEGAL, FINANCIAL OR ACCOUNTING ADVISE OR SERVICES. SAP WILL NOT BE RESPONSIBLE FOR ANY NONCOMPLIANCE OR ADVERSE RESULTS AS A RESULT OF YOUR USE OR RELIANCE ON THE STARTER KIT. THIS STARTER KIT IS PROVIDED WITHOUT A WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT. SAP SHALL HAVE NO LIABILITY FOR DAMAGES OF ANY KIND INCLUDING WITHOUT LIMITATION DIRECT, SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES THAT MAY RESULT FROM THE USE OF THIS STARTER KIT. THIS LIMITATION SHALL NOT APPLY IN CASES OF INTENT OR GROSS NEGLIGENCE. The statutory liability for personal injury and defective products (under German law) is not affected. SAP has no control over the use of pre-customized elements contained in this starter kit and does not endorse your use of the starter kit nor provide any warranty whatsoever relating to third-party use of the starter kit. 3

4 Contents Chapter 1 Data Collection... 6 Data Entry Format... 6 Data Package Configuration... 7 Data Entry Principles... 7 Data Package Validation... 9 Chapter 2 Consolidation Process Consolidation Definition Consolidation Processing Configured Automatic Entries Chapter 3 Analysis Process Publishable Financial Statements Monitoring and Controlling the Consolidation Process Analysis and Audit Trail Chapter 4 IFRS Adoption Data Collection Analysis and Audit Trail Chapter 5 Retrieval of Financial Statements Statement of Financial Position Statement of profit or loss Statement of Other Comprehensive Income Statement of Cash Flows Statement of Changes in Equity Chapter 6 Appendix List of Financial Accounts List of Package Schedules List of Accounting Flows Package Controls List of Audit IDs Consolidation Journal Entries List of Retrieval Schedules

5 Foreword The starter kit for IFRS is a pre-configuration of SAP Financial Consolidation. It is pre-configured with all reports, controls and rules for performing, validating and publishing a statutory consolidation in accordance with IFRS standards. Adopting IFRS is one of the most fundamental challenges that companies in many countries will have to deal with over the next few years. The starter kit for IFRS includes dedicated data entry and analysis reports to help companies manage IFRS adoption. 5

6 Data Collection Data Collection Data Entry Format Account Typology The chart of accounts of the starter kit for IFRS is based on the IFRS Taxonomy. This chart of accounts enables financial statements to be presented following the requirements of IAS 1: Assets and liabilities are classified according to the current/non-current distinction. In the income statement, expenses are classified by function. This chart of accounts is easy to customize according to the group's requirements. The chart of accounts is presented in appendix 1. Naming Convention for Accounts For financial accounts, the first letter of the code enables you to identify the accounting class: A for asset, E for equity, L for liabilities and P for profit and loss (net income). The first letter for subtotal accounts is T. EXAMPLE: Subtotal Account Code Property, plant end equipment Lands and buildings Lands and buildings, Depreciation TA110 A1110 A1111 6

7 Data Collection Data Package Configuration The data package is available in English, German and French. It groups together schedules that are used for entering and retrieving data at the reporting unit level. Three types of schedules exist: Summary schedules, used to guide the data entry and control data Data entry schedules that are grouped into books by type of information: balances, securities and shareholdings, movement analysis for balance sheet items, intercompany transactions Data retrieval schedules: Financial statements, flow balances, control statements EXAMPLE: Package contents Data Entry Principles Sign of Indicators Assets are entered as positive amounts except for amortization and depreciation of assets. These are entered as negative amounts. Liabilities and Equity are entered as positive amounts. Expenses are entered as negative amounts and income figures as positive amounts. When the schedule structure allows it, signs are pre-entered to facilitate data entry. 7

8 Data Collection Order of Package Data Entry A step-by-step approach for entering data is configured in the package thanks to its architecture and the links that have been created between the schedules. The steps are as follows: 1. Enter (manually or importing) the closing balance (balance sheet and income statement) 2. Enter the analysis of securities and shareholding 3. Enter the period movements of the balance sheet items (acquisition, disposal, etc.) 4. Enter intercompany breakdown (reciprocal operations, Internal gains and losses on disposal of assets, dividends, internal provisions) Package summaries Data entry schedules Financial Statements (Data retrieval) Control schedules (Data retrieval) Adjustments to IFRS data entry/control Data entry for equity method companies Breakdown by Flow Flow entries allow you to identify variations in the balance sheet between the opening and closing balance and therefore automatically generate the Statement of Cash Flows. The flows available in the package may be classified into two categories: Flows for current transactions (purchase, increase in depreciation, fair value, etc.) Flows for special transactions (changes in accounting policies, internal merger, etc.) 8

9 Data Collection Data Package Validation Types of Control There are two types of control: Blocking controls: if these are not valid, the status of the data package cannot be validated. All these controls must be valid. Non-blocking controls: these controls are simply warnings and do not prevent the data package from being validated. (For instance it is possible to enter the number of stocks of investment in subsidiaries and capital in order to generate automatically the portfolio and the scope. This data entry is optional and linked to non bloking controls). Set of Controls The controls are grouped in the package into sets of controls. Two control sets are configured in the starter kit for IFRS, one for subsidiaries and joint-ventures and one for equity method companies. Subsets of Controls In the package, the controls are grouped together into subsets, where each subset of controls corresponds to a book of schedules. Main Types of Controls Aim Check balances Example Assets equal Equity and Liabilities Gross value of assets higher or equal to depreciation and impairment Exhaustive breakdown of investment in subsidiaries by shares Complete analysis of investment in subsidiaries by flows Securities and Shareholdings Complete analysis of net equity by flows Data entry of number of shares in capital and in investiment in subsidiaries Flow analysis Complete analysis of assets and liabilities by flows The transfer flow must balance Intercompany breakdown Exhaustive breakdown of reciprocal accounts, dividends, gains and losses on disposal of assets and provision by partners 9

10 Data Collection Control Levels Each control is linked to a level. The level of control to be reached is set by the team at the central site when the package is generated. 2 levels of control exist in the starter kit for IFRS: 1 Balance Analysis (Income Statement and Balance Sheet) 2 Flow analysis (Income Statement and Balance Sheet by flows) The control levels check from the minimum level (LEV1: submission of Balance Sheet and Income Statement only) to the maximum level corresponding to a full package (LEV2: complete submission). When level 1 is required to be reached, only the controls attached to level 1 must be valid. 10

11 Consolidation Process Consolidation Process Overview of the consolidation process in SAP Financial Consolidation Consolidation Definition The settings of a consolidation definition are: A category and a data entry period: selection of the data to be consolidated (for example: Actual, ) A scope A variant A consolidation currency. The variant parameter is a technical dimension that allows different consolidation settings to be selected for a given category, a given data period and a given currency: Set of rules (monthly conversion / quaterly conversion / year to date conversion) Audit ID filter restriction (IFRS adoption) Scope (pro-forma statements) Exchange rates table (pro-forma statements) Four variants are pre-defined in the starter kit for IFRS: IFRS - YTD, IFRS Periodic, Local GAAP YTD and Local GAAP Periodic. If needed, these variants can be renamed and new variants can be created. Consolidation Processing Two processing modes exist: full processing and incremental processing. During the course of full processing, the software executes the following steps: Read the scope Load data: data of the period (package data and manual journal entries) and the opening balance, if any Convert package data and manual journal entries Run the rules of the selected set of rules (see below). For incremental processing, the software executes the same steps as described above but only for the manual journal entries recorded since the last consolidation. The conversion of data entered in foreign currency is carried out as follows (using the closing rate method): The closing balance of the balance sheet is converted using closing exchange rates, except for net equity which is recorded using historical exchange rates (calculation and booking of the currency translation adjustment) The net income of the period is converted using average exchange rates Balance sheet movements of the period are converted using the average exchange rates of the period. Depending on the set of rule selected in the consolidation definition and the type of conversion rate filled in in the conversion rate table, periodic or year to date conversion will apply. 11

12 Consolidation Process The configuration handles the following methods of consolidation: full consolidation, proportionate consolidation and the equity method. The scope changes handled by the starter kit for IFRS set of rules are: Acquisitions Loss of control Equity transactions Changes in interest rates of associates and joint-ventures Internal mergers Flows generated during the consolidation process allow you to retrieve changes due to currency translation differences and changes in scope consolidation. These flows makes it possible to automatically produce the following financial statements: Statement of Comprehensive Income Statement of Cash Flows Statement of Changes in Equity Configured Automatic Entries The starter kit for IFRS includes a set of rules that enable you to produce consolidated data using data from the data entry packages. This set of rules can be enhanced in order to meet the group s specific accounting policies. The automatic consolidation entries are: Elimination of internal reciprocal operations Elimination of internal provisions Elimination of internal dividends Elimination of internal gains and losses on disposal of assets Goodwill booking Elimination of investment in subsidiaries Calculation of currency translation adjustments Calculation of non-controlling interests In addition to standard consolidation rules, a number of technical rules have been configured in order to: Calculate and store the subtotal accounts Calculate and store line items for the Statement of Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity Calculate and store segment information 12

13 Analysis Process Analysis Process Publishable Financial Statements The starter kit for IFRS contains a complete set of financial statements which follow the requirements of IAS1: A Statement of Financial Position in the current/non-current format An income statement with an expense classification by function A Statement of Other Comprehensive Income A Statement of Cash Flows A Statement of Changes in Equity Financial Statements analysed by segment are also available: Revenue by segment Revenue by geographical area Non current assets by geographical area Monitoring and Controlling the Consolidation Process Accounting Reports The accounting reports (balances, general ledgers, debit-credit ledgers) allow for the analysis of consolidated data by drilling down to the original data. 13

14 Analysis Process Consolidation Analysis The pre-configuration contains schedules that enable you to validate each step of the consolidation process: Check packages Check main balances Check conversion Intercompany reconciliations Transition from local to consolidated figures Net Equity, dividends and goodwills EXAMPLE: Consolidation control dashboard 14

15 Analysis Process Analysis and Audit Trail The starter kit for IFRS contains schedules that allow for the analysis of consolidated data. Each data item is linked to an audit ID and a journal entry number which makes the audit trail possible. The audit ID allows the accounting origin to be tracked. For instance: The PACK01 Package data audit ID tracks data that has been entered in the packages The ELIM10 audit ID is linked to the elimination of reciprocal transactions EXAMPLE: Transition from local to consolidated figures 15

16 Analysis Process With analysis schedules, each line of the Statements of Financial Position and of the income statement can be detailed by account, reporting unit or audit ID. EXAMPLE: Analysis of a Statement of Financial Position line by account 16

17 Analysis Process Each line in the Statement of Other Comprehensive Income, the Statement of Cash Flows and the Statement of Changes in Equity can be analysed via drill down to analyse which account/flow pairs generated the amount. EXAMPLE: Analysis of a Statement of Cash Flows line item (focus on the net cash flows from financing activites): 17

18 IFRS Adoption IFRS Adoption Data Collection In the starter kit for IFRS, adjustments to IFRS can be entered on dedicated audit IDs directly in package schedules. EXAMPLE: Income Statement by audit ID The starter kit for IFRS also provides the ability to post IFRS specific journal entries on dedicated central audit IDs. Thanks to audit ID filter restrictions used in the consolidation definition, IFRS adjustments can be taken into account in the IFRS consolidation process and not in the local GAAP consolidation process. Analysis and Audit Trail The starter kit for IFRS provides a complete set of pre-configured reports for comparing local GAAP and IFRS: Financial statements for comparing data consolidated according to local GAAP and IFRS Balance reconciliation with an analysis by audit ID of differences between local GAAP and IFRS Analysis schedules for complete audit trail of differences until journal entry number 18

19 EXAMPLE: Analysis of the differences between local GAAP and IFRS for a Statement of profit or loss line item (detail by account and audit ID) 19

20 Retrieval of Financial Statements Retrieval of Financial Statements Statement of Financial Position 20

21 Retrieval of Financial Statements Statement of Financial Position (continued) 21

22 Retrieval of Financial Statements Statement of profit or loss 22

23 Retrieval of Financial Statements Statement of Other Comprehensive Income 23

24 Retrieval of Financial Statements Statement of Cash Flows 24

25 Retrieval of Financial Statements Statement of Cash Flows (continued) 25

26 Retrieval of Financial Statements Statement of Changes in Equity 26

27 Appendix List of Financial Accounts Assets CODE DESCRIPTION (ASSETS) A1110 Lands and buildings A1111 Lands and buildings, Depreciation A1112 Lands and buildings, Impairment A1120 Tangible exploration and evaluation assets A1121 Tangible exploration and evaluation assets, Depreciation A1122 Tangible exploration and evaluation assets, Impairment A1130 Fixtures and fittings A1131 Fixtures and fittings, Depreciation A1132 Fixtures and fittings, Impairment A1140 Construction in progress A1142 Construction in progress, Impairment A1150 Office equipment A1151 Office equipment, Depreciation A1152 Office equipment, Impairment A1160 Vehicles A1161 Vehicles, Depreciation A1162 Vehicles, Impairment A1170 Machinery A1171 Machinery, Depreciation A1172 Machinery, Impairment A1180 Other property, plant and equipment A1181 Other property, plant and equipment, Depreciation A1182 Other property, plant and equipment, Impairment TA110 Property, plant and equipment A1210 Investment property A1211 Investment property, Depreciation A1212 Investment property, Impairment TA120 Investment property A1310 Goodwill A1312 Goodwill, Impairment TA130 Goodwill A1410 Brand names A1411 Brand names, Amortization 27

28 CODE DESCRIPTION (ASSETS) A1412 Brand names, Impairment A1420 Intangible exploration and evaluation assets A1421 Intangible exploration and evaluation assets, Amortization A1422 Intangible exploration and evaluation assets, Impairment A1430 Mastheads and publishing titles A1431 Mastheads and publishing titles, Amortization A1432 Mastheads and publishing titles, Impairment A1440 Computer software A1441 Computer software, Amortization A1442 Computer software, Impairment A1450 Licences and franchises A1451 Licences and franchises, Amortization A1452 Licences and franchises, Impairment A1460 Patents, trademarks and other rights A1461 Patents, trademarks and other rights, Amortization A1462 Patents, trademarks and other rights, Impairment A1470 Recipes, formulae, models, designs and prototypes A1471 Recipes, formulae, models, designs and prototypes, Amortization A1472 Recipes, formulae, models, designs and prototypes, Impairment A1480 Intangible assets under development A1482 Intangible assets under development, Impairment A1490 Other intangible assets A1491 Other intangible assets, Amortization A1492 Other intangible assets, Impairment TA140 Intangible assets A1500 Investments accounted for using equity method TA150 Investments accounted for using equity method A1510 Biological assets A1511 Biological assets, Depreciation A1512 Biological assets, Impairment TA151 Biological assets A1610 Loans and cash advances, Non-current, Gross A1612 Loans and cash advances, Non-current, Allowance A1620 Receivables on disposal of property, plant and equipment, Non-current, Gross A1621 Receivables on disposal of intangible assets, Non-current, Gross A1622 Receivables on disposal of investments in subsidiaries, Non-current, Gross A1623 Receivables on disposal of investments in other entities, Non-current, Gross A1624 Receivables on disposal of investments in other assets, Non-current, Gross A1630 Other receivables, Non-current, Gross A1642 Receivables, Non-current, Allowance TA160 Non-current receivables A1710 Deferred tax assets TA170 Deferred tax assets A1810 Investments in subsidiaries, JV and associates 28

29 CODE DESCRIPTION (ASSETS) A1812 Investments in subsidiaries, JV and associates, Impairment A1815 Investments measured at equity A1820 Available-for-sale financial assets, Non-current A1830 Derivatives, Non-current A1840 Financial assets at fair value through profit or loss, Non-current A1850 Other financial assets, Non-current TA180 Other non-current financial assets A1910 Other assets, Non-current TA190 Other non-current assets TA100 Non-current assets A2110 Raw materials A2120 Merchandise A2130 Production supplies A2140 Work in progress A2150 Finished goods A2160 Other inventories TA210 Inventories A2210 Trade receivables, Gross A2212 Trade receivables, Allowance for bad and doubtful debts A2220 Receivables on disposal of property, plant and equipment, Current, Gross A2221 Receivables on disposal of intangible assets, Current, Gross A2222 Receivables on disposal of investments in subsidiaries, Current, Gross A2223 Receivables on disposal of investments in other entities, Current, Gross A2224 Receivables on disposal of investments in other assets, Current, Gross A2230 Dividends receivable A2240 Other receivables, Current, Gross A2250 Accrued interests on receivables A2262 Other receivables, Allowance for bad and doubtful debts TA220 Trade and other current receivables A2310 Income tax receivables TA230 Current tax assets A2320 Current biological assets TA232 Current biological assets A2410 Available-for-sale financial assets, Current A2420 Derivatives, Current A2430 Financial assets at fair value through profit or loss, Current A2440 Loans and cash advances, Current, Gross A2442 Loans and cash advances, Current, Allowance A2450 Other financial assets, Current TA240 Other current financial assets A2510 Prepaid expenses A2520 Other assets, Current TA250 Other current assets 29

30 CODE DESCRIPTION (ASSETS) A2610 A2620 TA260 A3000 A3100 TA200 TA300 TA400 TA000 Cash on hand Short-term deposits and other cash equivalents Cash and cash equivalents Current assets other than non-current assets held for sale Non-current assets or disposal groups classified as held for sale Non-current assets or disposal groups classified as held for distribution to owners Non-current assets or disposal groups classified as held for sale or as held for distribution to owners Current assets Total assets Equity and Liabilities CODE DESCRIPTION (EQUITY AND LIABILITIES) E1110 Issued capital TE110 Issued capital E1210 Share premium TE120 Share premium E1310 Treasury shares TE130 Treasury shares E1510 Revaluation surplus, before tax E1511 Income tax on revaluation surplus E1520 Remeasurements of defined benefit plans, before tax E1521 Income tax on remeasurements of defined benefit plans E1540 Hedging reserve, before tax E1541 Income tax on hedging reserve E1550 Fair value reserve, before tax E1551 Income tax on fair value reserve E1560 Foreign currency translation reserve, before tax E1561 Income tax on foreign currency translation reserve E1570 Equity component of compound financial instruments E15EM Share of OCI & other movements - EM (local) TE150 Other reserves E1610 Retained earnings TE160 Retained earnings TE100 Equity attributable to owners of parent E2010 Non-controlling interests - Reserves and retained earnings E2020 Non-controlling interests - Revaluation surplus before tax E2021 Non-controlling interests - Income tax on revaluation surplus E2030 Non-controlling interests - Remeasurements of defined benefit plans, before tax E2031 Non-controlling interests - Income tax on remeasurements of defined benefit plans E2040 Non-controlling interests - Hedging reserve, before tax 30

31 CODE DESCRIPTION (EQUITY AND LIABILITIES) E2041 Non-controlling interests - Income tax on hedging reserve E2050 Non-controlling interests - Fair value reserve, before tax E2051 Non-controlling interests - Income tax on fair value reserve E2060 Non-controlling interests - Foreign currency translation reserve, before tax E2061 Non-controlling interests - Income tax on foreign currency translation reserve E2070 Non-controlling interests - Treasury shares E2080 Non-controlling interests - Compound financial instruments TE200 Non-controlling interests TE000 Total equity L1110 Provisions for employee benefits, Non-current TL110 Non-current provisions for employee benefits L1210 Warranty provision, Non-current L1220 Restructuring provision, Non-current L1230 Legal proceedings provision, Non-current L1240 Onerous contracts provision, Non-current L1250 Provision for decommissioning, restoration and rehabilitation costs, Non-current L1260 Miscellaneous provisions, Non-current TL120 Other long-term provisions L1310 Debts on purchase of property, plant and equipment, Non-current L1311 Debts on purchase of intangible assets, Non-current L1312 Debts on purchase of investments in subsidiaries, Non-current L1313 Debts on purchase of investments in other entities, Non-current L1314 Debts on purchase of investments in other assets, Non-current L1320 Other payables, Non-current TL130 Non-current payables L1410 Deferred income tax liability TL140 Deferred tax liabilities L1510 Borrowings, Non-current L1520 Finance leases, Non-current L1530 Convertible bonds, Non-current L1540 Derivatives, Non-current L1550 Other financial liabilities, Non-current TL150 Other non-current financial liabilities L1610 Other liabilities, Non-current TL160 Other non-current liabilities TL100 Non-current liabilities L2110 Provisions for employee benefits, Current TL210 Current provisions for employee benefits L2210 Warranty provision, Current L2220 Restructuring provision, Current L2230 Legal proceedings provision, Current L2240 Onerous contracts provision, Current L2250 Provision for decommissioning, restoration and rehabilitation costs, Current 31

32 CODE DESCRIPTION (EQUITY AND LIABILITIES) L2260 Miscellaneous provisions, Current TL220 Other short-term provisions L2310 Trade payables L2320 Debts on purchase of property, plant and equipment, Current L2321 Debts on purchase of intangible assets, Current L2322 Debts on purchase of investments in subsidiaries, Current L2323 Debts on purchase of investments in other entities, Current L2324 Debts on purchase of investments in other assets, Current L2330 Dividends payable L2340 Other payables, Current L2350 Accrued interests on financial liabilities and payables TL230 Trade and other current payables L2410 Current income tax liabilities TL240 Current tax liabilities L2510 Borrowings, Current L2520 Finance leases, Current L2530 Convertible bonds, Current L2540 Derivatives, Current L2560 Bank overdrafts, classified as cash equivalents L2570 Other financial liabilities, Current TL250 Other current financial liabilities L2610 Deferred income L2620 Other liabilities, Current TL260 Other current liabilities TL200 Current liabilities other than liabilities included in disposal groups L3000 Liabilities included in disposal groups classified as held for sale TL300 Liabilities included in disposal groups classified as held for sale TL400 Current liabilities TL000 Total liabilities TEL00 Total equity and liabilities Income Statement CODE DESCRIPTION (INCOME STATEMENT) P1110 Revenues TP111 Revenues P1120 Cost of sales TP112 Cost of sales TP110 Gross profit P1210 Other income TP120 Other income P1310 Distribution costs TP130 Distribution costs 32

33 CODE DESCRIPTION (INCOME STATEMENT) P1410 Administrative expenses TP140 Administrative expenses P1510 Other expenses TP150 Other expenses P1610 Gains or losses on sale of property, plant and equipment P1611 Gains or losses on sale of investment property P1612 Gains or losses on sale of intangible assets P1613 Gains or losses on sale of biological assets P1614 Gains or losses on sale of other assets P1615 Gains or losses on sale of shares P1620 Merger result P1630 Impairment of goodwill P1640 Gain on bargain purchase P1650 Net internal provision P1660 Operating fair value gains or losses TP160 Other gains (losses) TP100 Operating profit P2120 Interest income P2130 Financial fair value gains or losses P2140 Dividends P2150 Other financial income TP210 Finance income P2210 Allowances for provisions on shares P2220 Interest expenses P2230 Other financial expenses TP220 Finance costs TP200 Financial result P30EM Share of profit of EM (local) P3000 Share of profit (loss) of associates and JV accounted for using equity method TP300 Share of profit (loss) of associates and JV accounted for using equity method TP400 Profit (loss) before tax P5010 Income tax P5020 Deferred tax TP500 Tax TP600 Profit (loss) from continuing operations P7000 Profit (loss) from discontinued operations TP700 Profit (loss) from discontinued operations TP000 Net income (loss) 33

34 List of Package Schedules CODE DESCRIPTION (PACKAGE SCHEDULES) P-A Package - Actual P-A00 Package summary PA0100 Package summary PA0200 Securities and shareholdings PA0300 Flow analysis PA0400 Intercompany breakdown P-A10 Balance PA1100 Income Statement PA1200 Assets PA1300 Equity and liabilities P-A20 Securities and shareholdings PA2100 Investments in subsidiaries PA2200 Investments in subsidiaries - Impairment PA2300 Purchase and disposal of investments in subsidiaries PA2350 Purchase of investments in subsidiaries - Date PA2360 Subscriptions to subsidiaries' capital increase - Date PA2400 Investments in subsidiaries - Number of shares PA2500 Equity statement PA2550 Variations of issued capital and share premium - Date PA2600 Capital - Number of shares P-A30 Flow analysis PA3100 Property, plant and equipment PA3150 Investment property PA3200 Intangible assets PA3250 Biological assets PA3300 Financial assets - Receivables PA3350 Financial assets - Others PA3400 Inventories and other assets PA3450 Cash and cash equivalents PA3500 Provisions PA3550 Financial liabilities and other liabilities PA3900 Specific operations P-A40 Intercompany breakdown P-A41 Reciprocal operations PA4110 Intercompany - Income Statement PA4120 Intercompany - Receivables and payables PA4130 Intercompany - Other financial assets and liabilities P-A42 Internal gains or losses PA4210 Purchase and disposal of property, plant and equipment PA4220 Purchase and disposal of investment property PA4230 Purchase and disposal of intangible assets 34

35 CODE DESCRIPTION (PACKAGE SCHEDULES) PA4240 Purchase and disposal of biological assets PA4250 Purchase and disposal of financial assets P-A43 Dividends PA4310 Dividends received PA4320 Dividends paid PA4330 Dividends paid by beneficiary - Date P-A44 Internal provisions PA4410 Allowance for bad debts PA4420 Provisions P-A45 Other detail PA4510 Third party revenue by geographical area P-A50 Financial statements PA5100 Income Statement PA5200 Statement of Financial Position PA5300 Statement of Cash Flows P-A60 Control statements PA6100 Balance Sheet by audit ID and flow PA6200 Intercompany - Income and expenses PA6300 Intercompany - Balance Sheet PA6400 Purchase and disposal of investments in subsidiaries (Control) PA6500 Statement of Cash Flows (Control) P-A70 Control IFRS Adoption PA7100 Income Statement (Adjustments to IFRS) PA7200 Assets at closing (Adjustments to IFRS) PA7300 Equity and liabilities at closing (Adjustments to IFRS) 35

36 List of Accounting Flows CODE F00 F01 F02 F03 F04 F06 F09 F10 F15 F20 F25 F30 F35 F40 F50 F55 F70 F80 F92 F98 F99 Y99 DESCRIPTION Opening Incoming units Change in consolidation method (old) Change in consolidation method (new) Change in consolidation rate Dividends Change in accounting policies Net profit (loss) for the period Net variation Increase/ Purchase Increase in depreciation Decrease/ Disposal Decrease in depreciation Capital increase/ decrease Reclassification Fair value Internal mergers Currency translation adjustment Change in interest rate Outgoing units Closing Year to date 36

37 Package Controls CODE DESCRIPTION (PACKAGE CONTROLS) P-A P-A10 PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA Control set for actual statements Balance Total assets must equal total liabilities at closing Total assets must equal total liabilities at opening The gross value of lands and buildings must be > or = depreciation and impairment at closing The gross value of lands and buildings must be > or = depreciation and impairment at opening The gross value of tangible exploration and evaluation assets must be > or = depreciation and impairment at closing The gross value of tangible exploration and evaluation assets must be > or = depreciation and impairment at opening The gross value of fixtures and fittings must be > or = depreciation and impairment at closing The gross value of fixtures and fittings must be > or = depreciation and impairment at opening The gross value of construction in progress must be > or = impairment at closing The gross value of construction in progress must be > or = impairment at opening The gross value of office equipment must be > or = depreciation and impairment at closing The gross value of office equipment must be > or = depreciation and impairment at opening The gross value of vehicles must be > or = depreciation and impairment at closing The gross value of vehicles must be > or = depreciation and impairment at opening The gross value of machinery must be > or = depreciation and impairment at closing The gross value of machinery must be > or = depreciation and impairment at opening The gross value of other property, plant and equipment must be > or = depreciation and impairment at closing The gross value of other property, plant and equipment must be > or = depreciation and impairment at opening The gross value of investment property must be > or = depreciation and impairment at closing The gross value of investment property must be > or = depreciation and impairment at opening The gross value of brand names must be > or = amortization and impairment at closing The gross value of brand names must be > or = amortization and impairment at opening The gross value of intangible exploration and evaluation assets must be > or = amortization and impairment at closing The gross value of intangible exploration and evaluation assets must be > or = amortization and impairment at opening The gross value of mastheads and publishing titles must be > or = amortization and impairment at closing The gross value of mastheads and publishing titles must be > or = amortization and impairment at opening The gross value of computer software must be > or = amortization and impairment at closing The gross value of computer software must be > or = amortization and impairment at opening The gross value of licences and franchises must be > or = amortization and impairment at closing The gross value of licences and franchises must be > or = amortization and impairment at opening 37

38 CODE DESCRIPTION (PACKAGE CONTROLS) PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA P-A20 PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA The gross value of patents, trademarks and other rights must be > or = amortization and impairment at closing The gross value of patents, trademarks and other rights must be > or = amortization and impairment at opening The gross value of recipes, formulae, models, designs and prototypes must be > or = amortization and impairment at closing The gross value of recipes, formulae, models, designs and prototypes must be > or = amortization and impairment at opening The gross value of intangible assets under development must be > or = impairment at closing The gross value of intangible assets under development must be > or = impairment at opening The gross value of other intangible asssets must be > or = amortization and impairment at closing The gross value of other intangible asssets must be > or = amortization and impairment at opening The gross value of biological assets must be > or = depreciation and impairment at closing The gross value of biological assets must be > or = depreciation and impairment at opening The gross value of investments in subsidiaries, JV and associates must be > or = impairment at closing The gross value of investments in subsidiaries, JV and associates must be > or = impairment at opening The gross value of loans and cash advances, non-current must be > or = impairment at closing The gross value of loans and cash advances, non-current must be > or = impairment at opening The gross value of receivables, non-current must be > or = allowance for bad and doubtful debts at closing The gross value of receivables, non-current must be > or = allowance for bad and doubtful debts at opening The gross value of trade receivables must be > or = allowance for bad and doubtful debts at closing The gross value of trade receivables must be > or = allowance for bad and doubtful debts at opening The gross value of other receivables must be > or = allowance for bad and doubtful debts at closing The gross value of other receivables must be > or = allowance for bad and doubtful debts at opening The gross value of loans and cash advances, current must be > or = impairment at closing The gross value of loans and cash advances, current must be > or = impairment at opening Securities and shareholdings Changes in investments in subsidiaries must be analyzed Changes in investments in subsidiaries detailed by share must be analyzed by flow Breakdown of investments in subsidiaries by share must equal account total at closing Breakdown of investments in subsidiaries by share must equal account total at opening Breakdown of investments in subsidiaries by share must equal account total in movement flows Changes in impairment on investments in subsidiaries must be analyzed Changes in impairment on investments in subsidiaries detailed by share should be analysed by flow Breakdown by share of impairment on investments in subsidiaries must equal account total at closing Breakdown by share of impairment on investments in subsidiaries must equal account total at opening Breakdown by share of impairment on investments in subsidiaries must equal account total in movement flows Flows for impairment of investments in subsidiaies must be the same on the balance sheet and on the income statement Breakdown by share of profit or loss on sale of shares must equal account total The analysis of the disposal of investments in subsidiaries by partner must equal account total The analysis of the purchase of investments in subsidiaries by partner must equal account total The number of shares in securities held has to be filled in at opening

39 CODE DESCRIPTION (PACKAGE CONTROLS) PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA P-A30 PA PA PA PA PA PA PA PA PA PA PA PA PA PA P-A41 PA The number of shares in securities held has to be filled in at closing Changes in securities held (number of shares) must be analyzed Breakdown of securities held by shares must equal account total The number of shares in capital has to be filled in at opening The number of shares in capital has to be filled in at closing Changes in nominal value of shares must be analyzed Changes in nominal value of shares must be analyzed by shareholder Breakdown of capital by shareholder must equal account total The correction of the allocation between group and NCI net income should not have any impact on the net income total Changes in net equity must be analyzed Breakdown by share of goodwill and bargain purchase must equal account total The gross value of investments in subsidiaries, JV and associates must be > or = impairment by share at closing The gross value of investments measured at equity must be > or = impairment by share at closing The gross value of investments in subsidiaries, JV and associates must be > or = impairment by share at opening The gross value of investments measured at equity must be > or = impairment by share at opening The analysis by date of the purchase of investments in subsidiaries by partner should equal partner total The analysis by date of issued capital variations should equal account total The analysis by date of share premium variations should equal account total The analysis by date of capital subscriptions in subsidiaries by share should equal share total The counterpart of the share of OCI of investments measured at equity should be entered on account E15EM - share of OCI & Other movements and flow F55 - Fair value The counterpart of the net profit for the period of investments measured at equity should be entered on the P&L account P30EM - Share of profit of EM An investment should be measured at cost or using the equity method Flow analysis Changes in property, plant and equipment collected in flows must be analyzed Changes in intangible assets collected in flows must be analyzed Changes in investment property collected in flows must be analyzed Changes in biological assets collected in flows must be analyzed Changes in receivables - allowance for bad and doubtful debts - collected in flows must be analyzed Changes in other assets collected in flows must be analyzed Changes in provisions collected in flows must be analyzed Changes in other liabilities collected in flows must be analyzed Changes in loans and cash advances collected in flows must be analyzed Changes in loans and cash advance - allowance - collected in flows must be analyzed Changes in derivatives collected in flows must be analyzed The transfer flow must balance The change in accounting policies flow must balance The change in the restructuring flow must balance, carry over to net income if necessary Reciprocal operations The analysis of intercompany profit and loss accounts by partner must equal account total 39

40 CODE DESCRIPTION (PACKAGE CONTROLS) PA PA PA PA PA PA PA P-A42 PA PA PA PA PA PA PA PA PA PA PA PA PA PA PA P-A43 PA PA PA P-A44 PA PA PA PA PA PA PA PA PA PA The analysis of intercompany balance sheet accounts by partner must equal account total at closing The analysis of intercompany balance sheet accounts by partner must equal account total at opening The analysis of intercompany balance sheet accounts by partner must equal account total in movement flows Changes in intercompany balance sheet accounts by partner must be analyzed The analysis of intercompany balance sheet accounts by partner must equal account total at closing The analysis of intercompany balance sheet accounts by partner must equal account total at opening The analysis of intercompany balance sheet accounts by partner must equal account total in movement flows Internal gains and losses Profit or loss on sale of property, plant and equipment must be equal on the balance sheet and the income statement Profit or loss on sale of investment property must be equal on the balance sheet and the income statement Profit or loss on sale of intangible assets must be equal on the balance sheet and the income statement Profit or loss on sale of biological assets must be equal on the balance sheet and the income statement Profit or loss on sale of financial assets must be equal on the balance sheet and the income statement The analysis of the disposal of property, plant and equipment by partner must equal account total The analysis of the purchase of property, plant and equipment by partner must equal account total The analysis of the disposal of investment property by partner must equal account total The analysis of the purchase of investment property by partner must equal account total The analysis of the disposal of intangible assets by partner must equal account total The analysis of the purchase of intangible assets by partner must equal account total The analysis of the disposal of biological assets by partner must equal account total The analysis of the purchase of biological assets by partner must equal account total The analysis of the disposal of financial assets by partner must equal account total The analysis of the purchase of financial assets by partner must equal account total Dividends Analysis by partner of dividends received must equal account total Analysis of paid dividends by partner must equal account total The analysis by date of paid dividend by partner should equal partner total Internal provisions Changes in allowances for bad and doubtful debts should be broken down by partner Analysis by partner of intercompany allowances for bad and doubtful debts must equal account total at closing Analysis by partner of intercompany allowances for bad and doubtful debts must equal account total at opening Analysis by partner of intercompany allowances for bad and doubtful debts must equal account total in movement flows Changes in provisions should be broken down by partner Analysis by partner of intercompany provisions must equal account total at closing Analysis by partner of intercompany provisions must equal account total at opening Analysis by partner of intercompany provisions must equal account total in movement flows The gross value of loans and cash advances, current must be > or = impairment by partner at opening The gross value of loans and cash advances, current must be > or = impairment by partner at closing

41 CODE DESCRIPTION (PACKAGE CONTROLS) PA PA PA PA PA PA PA PA P-A45 PA PA PA PA PA PA PA PA The gross value of other receivables must be > or = allowance for bad and doubtful debts by partner at opening The gross value of other receivables must be > or = allowance for bad and doubtful debts by partner at closing The gross value of trade receivables must be > or = allowance for bad and doubtful debts by partner at opening The gross value of trade receivables must be > or = allowance for bad and doubtful debts by partner at closing The gross value of receivables, non-current must be > or = allowance for bad and doubtful debts by partner at opening The gross value of receivables, non-current must be > or = allowance for bad and doubtful debts by partner at closing The gross value of loans and cash advances, non-current must be > or = impairment by partner at opening The gross value of loans and cash advances, non-current must be > or = impairment by partner at closing Other detail The analysis of third party revenue by geographical area must equal account total Reclassification between cash flow statement line items should be balanced Reclassification between comprehensive income statement line items should be balanced The analysis by share must equal account total Depreciation adjustments related to internal disposal of property, plant and equipment must have a unique profit and loss destination indicated Depreciation adjustments related to internal disposal of investment property must have a unique profit and loss destination indicated Depreciation adjustments related to internal disposal intangible assets must have a unique profit and loss destination indicated Depreciation adjustments related to internal disposal of biological assets must have a unique profit and loss destination indicated 41

42 List of Audit IDs CODE PACK01 PACK11 PACK91 PACKIFRS11 PACKIFRS12 PACKIFRS91 ADJ90 ADJ91 ADJIFRS91 FVA10 FVA11 FVA20 ELIM10 ELIM11 DIS10 DIS11 DIV10 DIV11 DIV20 DIV21 PRO10 PRO11 PRO20 PRO21 CONS01 CONS10 CTA01 CTA10 GW10 GW11 GW20 GW21 INV10 INV11 INV20 INV21 42 DESCRIPTION Local IFRS data Package data Local adjustments to Group accounting policies Package data - Central correction Local adjustments to IFRS Local adjustments to IFRS - Package data (Y+1) Package data - IFRS central correction Adjustments Other adjustments - Central - Auto. Other adjustments - Central - Man. IFRS adjustments - Central - Man. Fair value for incoming entities (central) - Auto. Fair value for incoming entities (central) - Man. Adjustment on incoming entities (central) - Auto. Elimination of reciprocal operations Elimination of intercompany accounts - Auto. Elimination of intercompany accounts - Man. Elimination of internal profit Elimination of internal gains and losses on disposal of assets - Auto. Elimination of internal gains and losses on disposal of assets - Man. Elimination of internal dividends - Auto. Elimination of internal dividends - Man. Currency translation adjustments on dividends - Auto. Currency translation adjustments on dividends - Man. Elimination of internal impairment on investments - Auto. Elimination of internal impairment on investments - Man. Elimination of internal provisions - Auto. Elimination of internal provisions - Man. Consolidation entries Consolidation entry not splittable Elimination of subsidiaries' capital and share premium Currency translation adjustments - Equity - Man. Currency translation adjustments - Equity - Auto. Booking of goodwill and bargain purchase - Auto. Booking of goodwill and bargain purchase - Man. Currency translation adjustments on goodwill - Auto. Currency translation adjustments on goodwill - Man. Elimination of investments - Auto. Elimination of investments - Man. Currency translation adjustments on investments - Auto. Currency translation adjustments on investments - Man.