2022 Report and Financial Statements
2022 REPORT AND FINANCIAL STATEMENTS - BANCO REGIONAL
LETTER FROM THE PRESIDENT
ECONOMIC AND FINANCIAL PERFORMANCE
f.2 Exchange rate differences in foreign currency
The net exchange differences corresponding to the holding of assets and liabilities in foreign currency are shown in the income statement lines "Valuation of Assets and Liabilities in Foreign Currency", and their
opening is explained below:
ITEM
DECEMBER 31, 2022
Gs.
DECEMBER 31, 2021
Gs.
50
Income on valuation of financial assets and liabilities in foreign currencies
Valuation loss on foreign currency financial assets and liabilities
Net foreign exchange difference on foreign currency financial assets and liabilities gain - (loss)
Valuation income on other foreign currency assets and liabilities
Valuation losses on other foreign currency assets and liabilities
Net exchange difference on other foreign currency assets and liabilities gain - (loss)
Net exchange difference on total assets and liabilities in foreign currencies gain - (loss)
5.296.895.676.196
(5.294.529.026.769)
2.366.649.427
200.119.569.909
(205.037.569.667)
(4.917.999.758)
(2.551.350.331)
7.777.103.772.332
(7.778.101.451.219)
(997.678.887)
38.428.194.040
(43.212.435.092)
(4.784.241.052)
(5.781.919.939)
As described in point c) of note f.1 above, exchange differences relating to the maintenance of foreign currency performing and/or non-performing loans classified in categories "3", "4", "5" and "6" are recognized as
income on a performance basis, since category 3 status is suspended.
-
Net exchange differences from foreign exchange and arbitrage operations are shown in the statement of income lines "Other operating income – Exchange and arbitrage operations – net”.
f.3 Contributions to the Deposit Guarantee Fund (FGD)
Under the provisions of Law No. 2334 dated December 12, 2003, financial institutions are required to contribute 0.12% of the average quarterly balances of their deposit portfolios in domestic and foreign currency
to the FGD administered by the BCP. The amount contributed by the Bank to the DGF for the years ended December 31, 2022, and 2021, amounts to Gs. 57.940.105.193 y Gs. 56.934.723.689 respectively. Those
amounts are registered as non-recoverable expenses under Operating expenses account from the group "Other operating expenses" in the Statement of Income.
f.4 Income tax
The income tax charged to profit for the year at the rate of 10% is based on the accounting profit before income tax, adjusted by the items included or excluded by Law No. 6.380/19 and its regulations for the
determination of the net taxable income.
The income tax charge to income for the years ended December 31, 2022, and 2021, amounts Gs. 2.717.696.744 and Gs. 6.566.601.019 respectively.View entire presentation