As post a Grant III

In this post commented on the different legacies, donations and grants that a firm may receive as well as the accounting for operating subsidies.

Later, in that other post talked about the peculiarities of the Capital grants not repayable, and I had to see how post them.

So there is no that be a lynx to know that what comes in this post, is precisely that: As post an capital subsidy No refundable, taking into account the premises of previous post .

And to see, we will use an example that is how things look better, put a very basic thought, but I think it will be better one a little more complete:

On March 1, 2009 a company undertakes the purchase of machinery adqusición whose cost is 500,000 € + VAT thereon paying 10% in cash and the rest in 5 annual letters of the same amount each, maturing April 30 each year.

The machine be amortized 15% annually, and the tax rate is 30%.

On March 15 granted to Company Capital Grant not refundable 60% of the value of the machine, claiming it on April 1.

First of all, before you start posting, you should organize some data taking into account the assumptions of the previous post with what would be something like:

And now, we can start with the post, I hope not to get anything:

- 01/03/09 - (We account for the purchase of the machine)

- 01/03/09 - (counted the cash payment of 10% and the acceptance of the letters).

* Note: As important example is the recognition of the grant, NO Contabilizare the payment of bills, but when the time for payment, payment should be counted for each letter, and each year would have to reclassify Long lyrics term, Short term become.

- 15/03/09 - (Contabilizaremos the grant award)

- 15/03/09 - (As I said in the previous post should appear grant the carrying amount, so we should remove the tax burden)

- 04/01/09 - (We record the collection of subsidy)

- 31-12-09 - (We account the amortization of the corresponding machine to year 09)

- 31-12-09 - (We transfer the subsidy corresponding results of 09)

* Note: The amount to be allocated to income is € 37,500 of which (37,500 x 0.3 = 11,250 corresponding to impositvo effect) and the difference (37500-11250 = 26,250 correspond to the grant)

- In the following years, to 31 to 12 of each year, must be repeated 31 to 12 seats in 2009, considering that the next 5 years are full years, except the last, which will be amortized as still owing to not be an integer, so that for example, in 2010, the amortization of the machine, will be 75,000 (0.15 x 500,000) and the grant will be transferred to 45,000 results (0.15 x 300,000), of which 13,500 correspond to the effect impostivo and 31,500 to the subsidy itself, seen as already mentioned in the previous post , that the payback percentage of the subsidy is the same as that of the depreciation of the subject of the grant .

Finally, in year 7, amortize what remains pending, that machine will be 62,500, and 37,500 of the grant (11,250 and 26,250 of the tax effect of the grant), and if done well, as the sum of all amortization shall be the value of the property: 500,000, and the sum of the account (130) Government grants and capital (479) liabilities for taxable temporary differences that we have been transferring to results every year: 300,000

Be happy.

The financial information in this entry refers to the Chart of Accounts for SMEs approved by Royal Decree 1.514/2007 of November 16, 2007 in Spain and applicable from January 1, 2008.

If this is your first visit category accounting entries Blog Helloworld I recommend reading this post (click here) where you can see the guidelines and operation of this type of post, and if you want you can also download the general PGC the PGC for small and medium businesses as well as online consult.

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