Basic questions

The reporting entity may choose to use data from its consolidated reporting document package, from the mandatory separate financial statements for each entity, from the mandatory financial statements for regulatory purposes or from internal management accounts. It is not necessary to reconcile the information on income, profits and taxes contained in the Annex of the model with the consolidated financial statements.

In the “Additional Information” section included in the Annex of Form 231, the Entity that communicates the information must provide a brief description of the data sources that it has used to complete said Form.

The reporting entity must consistently use the same data sources in all years.

In the event that the Entity reporting the information changes the data sources used from one year to the next, it must explain in the “Additional Information” section the reasons for the change and its consequences.

According to the Guidelines for Country-by-Country Reporting: Action 13, in whose Chapter VI issues relating to mergers, acquisitions and demergers are dealt with, it can be interpreted that if the accounting standards applicable to both the group from which the companies are separated and the group into which they are integrated, oblige both to include in their consolidated financial statements for the year in which the sale took place a proportional part of the financial data of the subgroup sold and purchased respectively, both groups must include in their prior communication the NIF of the entities sold.