Investor Presentaiton
CONSISTENCY IN OUR STRATEGY
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NIF B-16 "Financial statements of non-profit entities" - establishes the core financial statements to be
issued by non-profit entities, and modifies the structure of the statement of activities and incorporates
new terminology for this type of entity. This standard supersedes Statement B-16, Financial statement of
non-profit entities in effect up to December 31, 2009.
NIF C-1 "Cash and cash equivalents" - establishes the standards with regard to the accounting
treatment and disclosure of cash, restricted cash and available-for-sale investments, and incorporates
new terminology for consistency thereof with other NIF issued previously. This standard supersedes
Statement C-1 "Cash" in effect up to December 31, 2009.
NIF E-2 "Donations received or granted by non-profit entities" - establishes the standards for valuation,
presentation and disclosure of contributions received or granted by non-profit entities. In addition,
this standard establishes, among other changes, the accounting treatment to be accorded to works
of art, treasures, collectors' items, goods arising from contributions received, etc., and incorporates new
terminology for this type of entity. This standard supersedes Statement C-1 "Income and contributions
received by non-profit entities, as well as contributions granted by said entities", in effect up to December
31, 2009.
INIF 17 "Service concession agreements"- eliminates the inconsistencies between NIF D-6 Capitalization
of the comprehensive financing result and Statement D-7"Agreements for construction and manufacturing
of certain capital goods", with respect to the accounting treatment of the RIF with respect to recognition
of an intangible asset during the construction phase, for service concession agreements.
INIF 18 "Recognition of the effects of the 2010 Tax amendments on the taxes imposed on profits"
was issued in response to a number of queries raised by the preparers of financial information related
to the effects of the 2010 Tax Amendments, specifically as concerns the changes established in the tax
consolidation regime and the changes in the IT rates.
Héctor Hernández Pons Torres
General Director
Ernesto Ramos Ortiz
Administration and
Corporate Practices DirectorView entire presentation