SCHEDULE 402: SPECIFICATION OF ASSETS Nr Categorization of balance sheet item Description of balance sheet item Valuation principle A1 Investments for account of fund/Real Estate This item regards: direct real estate investments in land along with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in indirect real estate investments, being participation in investment institutions which invest in real estate real estate investments in development Revaluation Model Asset is carried at a revalued amount, being its fair value at the date of revaluation less subsequent depreciation less impairment losses. Adjustment of property values through ledger or non-ledger adjustments based upon current frequent (every 3 years) appraisal. The net appreciation (the difference between the historical cost and the fair value) would be offset with an adjustment for net appreciation through the income statement. Land is not depreciated. A2 Investments for account of fund/Equity instruments Common and preferred shares of stock owned in issued capital of corporations. This item regards owned by the company which represent: less than 20% of the voting rights in issued capital between 20% and 50% of voting rights, with no significant influence on management Fair value model At purchase security is capitalized at initial cost and subsequently valued at fair value on individual investment basis. The difference between cost and the fair value must be reported as an adjustment through income statement.
unpaid balance on the property. An equal provision for doubtful collection must be maintained. A6 Investments for account of fund/Time Deposits This asset represents amounts deposited with banks for a fixed period that are interest bearing and would include savings accounts, time or certificates of deposit and money market accounts. Nominal value. A7 Investments for account of fund/Other Investments This account regards: Derivatives which would include caps, rights, calls, futures, puts, warrants, floors, forwards, options and swaps; Cash balances at investment brokers; Any other class of investments not included under another predefined category. Derivatives: fair value model At purchase security is capitalized at initial cost and subsequently valued at fair value on individual investment basis. The difference between cost and the fair value must be reported as an adjustment through income statement. Cash balances at investment brokers Nominal value. B1 Investments for account of participants/Real Estate This item regards: direct real estate investments in land with improvements to the land, such as buildings, fences, wells and other site improvements that are fixed in indirect real estate investments, being participation in investment institutions which invest in real estate; real estate investments in development. Revaluation Asset is carried at a revalued amount, being its fair value at the date of revaluation less subsequent depreciation less impairment losses. Adjustment of property values through ledger or non-ledger adjustments based upon current frequent (every 3 years) appraisal. The net appreciation (the difference between the historical cost and the fair value) would be offset with an adjustment for net appreciation through the income statement.
Land is not depreciated. B2 Investments for account of participants/Equity instruments Common and preferred shares of stock owned in the issued capital of corporations. This item regards stock owned by the company which represent: less than 20% of the voting rights in issued capital between 20% and 50% of voting rights, with no significant influence on management This account also relates to participation in investment institutions which invest in equity instruments Fair value model At purchase security is capitalized at initial cost and subsequently valued at fair value on individual investment basis. The difference between cost and the fair value must be reported as an adjustment through income statement B3 Investments for account of participants/Debt instruments This asset account represents corporate or government securities that pay interest (fixed or variable) and obligates the corporation or government agency to pay that interest at the end of specific time intervals, and to pay the principal at maturity or the call date of the securities. This account also relates to participation in investment institutions which invest primarily in debt instruments. Fair model Security is recognized at fair value at reporting date. The difference between the fair value and the (amortized) cost must be reported as an adjustment through the income statement. Exception: The asset should be valued at amortised cost if both of the following conditions are met: Business model to hold the asset in order to collect contractual cash flows, and