PLAN COMPTABLE GÉNÉRAL NATIONAL …

1 - page n 1/212 plan COMPTABLE G N RAL NATIONAL accounting code Ministerial Order of 22 June 1999 giving approval to the accounting Regulation Committee Regulation 99-03 NOR - ECOT9920032A The Minister for Justice, the Minister for the Economy, Finance and Industry, and the Secretary of State for the Budget, Having regard to Law 98-261, 6 April 1998, relating to reform of accounting regulation and adaptation of the regulations for disclosure of information on real property, in particular Article 5; Having regard to the Ministerial Order, 9 December 1986, supplementing and amending the NATIONAL accounting code Order as follows: Art.

2 1 - Regulation 99-03 of the accounting Regulation Committee, 29 April 1999, relating to revision of the NATIONAL accounting code , appended to the present Ministerial Order, is approved. Art. 2 - The Ministerial Order, 27 April 1982, and Article 2 of the aforementioned Ministerial Order, 9 December 1986, are repealed. Art. 3 - The present Ministerial Order, as well as the appended Regulation, are to be published in the Official Journal of the French Republic. Paris, 22 June 1999. Minister for the Economy, Finance and Industry Dominique Strauss-Kahn Minister for Justice Elisabeth Guigou Secretary of State for the Budget Christian Sauter - page n 2/212 ATTACHMENT Regulation 99-03, 29 April 1999, relating to revision of the NATIONAL accounting code The accounting Regulation Committee, Having regard to the Commercial code , in particular Arts.

3 8 to 17-4; Having regard to Law 66-537, 24 July 1966, as amended, on commercial companies, in particular Art. 340-4; Having regard to Law 98-261, 6 April 1998, relating to reform of accounting regulation and adaptation of the regulations for disclosure of information on real property; Having regard to Decree 67-236, 23 March 1967, as amended, on commercial companies, in particular Art. 245; Having regard to Decree 83-1020, 29 November 1983, as amended, and issued for application of Law 83-353, 30 April 1983, relating to the harmonisation of accounting obligations of persons engaged in commercial activity and of certain companies with the Fourth Directive adopted by the Council of the European Communities, 25 July 1978; Having regard to the Ministerial Order, 9 December 1986, supplementing and amending the NATIONAL accounting code .

4 Having regard to the Statement of Best Practice 98-13 of the NATIONAL accounting Council, 17 December 1998, supplemented 18 March 1999, Resolves: Article 1 The NATIONAL accounting code appended to the present Regulation is approved and is to be substituted for the NATIONAL accounting code appended to the Ministerial Order, 27 April 1982, as amended, and supplemented by the Ministerial Order, 9 December 1986, Art. 2. Article 2 The Regulation and its attachment are applicable to all natural persons and legal entities subject to legislative and regulatory obligation to draw up accounts, conditional upon requirements specific to them.

5 Article 3 The Ministerial Order, 27 April 1982, and Article 2 of the aforementioned Ministerial Order, 9 December 1986, are repealed. - page n 3/212 plan COMPTABLE GENERAL NATIONAL accounting code Regulation , 29 April 1999 of the accounting Regulation Committee appended to the Ministerial Order of 22 June 1999 Note: In the present translation, reference to the plan COMPTABLE g n ral is ordinarily abbreviated to PCG. text numbering of the plan COMPTABLE g n ral Text numbering of the PCG comprises three digits, generally followed by a hyphen and new numbering. The first three digits correspond to titles, chapters and sections: - The first digit corresponds to the title; - The second digit corresponds to the chapter; - The third digit corresponds to the section.

6 This digit is a zero in the absence of a section in a chapter (Examples: Chapters I, II and III of Title I). Division into sub-sections does not affect the numbering. Digits indicated after hyphens round off the number of the Article to facilitate enquiry. At the same time, in the interest of readability there is no additional numbering to the first three digits of Articles in the sections of Title IV, Chapter IV, Functioning of accounts. Instead: - In this chapter, the third digit corresponding to sections also serves as the numbering of account classes (Example: Article 441: Section 1 - Capital accounts (Class 1)); - In each section, account numbers in parentheses follow reference to particular accounts (Example: Capital and reserves (Account 10)).

7 - page n 4/212 S U M M A R Y plan COMPTABLE G N 1 NATIONAL accounting code .. 1 ATTACHMENT .. 2 TITLE I .. 5 OBJECT AND PRINCIPLES OF 5 Chapter I .. 5 Field of 5 Chapter 5 5 Chapter III .. 6 Definition of annual 6 TITLE II .. 8 DEFINITION OF ASSETS, LIABILITIES, INCOME AND Chapter I Assets and 8 Chapter 8 Charges and 8 Chapter III .. 10 Profit or loss .. 10 TITLE III .. 10 accounting RECOGNITION AND VALUATION RULES ..10 Chapter I .. 10 Date of accounting for assets, liabilities, income and 10 Chapter 12 Valuation and method of accounting for assets and 12 Chapter III.

8 15 Particular valuation and accounting recognition 15 Chapter IV .. 22 Valuation of assets and liabilities where value depends on foreign currency 22 Chapter V .. 24 24 Chapter VI .. 24 Valuation and accounting recognition of specific assets and 24 Chapter 26 Valuation and accounting for specific financial 26 Chapter VIII .. 29 Taking account of transactions extending beyond the financial 29 Chapter IX .. 30 Valuation and accounting recognition of joint transactions and transactions for the account of third 30 TITLE 32 KEEPING, STRUCTURE AND FUNCTIONING OF ACCOUNTS .. 32 Chapter I.

9 32 Organisation of 32 Chapter 33 33 Chapter III .. 34 - page n 5/212 accounting 34 Chapter IV .. 77 Functioning of 77 TITLE V ..128 FINANCIAL STATEMENTS .. 128 Chapter I .. 128 Annual 128 Chapter 129 Annual account 129 Chapter III .. 162 Formats of annual 162 ATTACHMENT .. 197 Chapter I accounting RULES .. 197 Chapter II RULES FOR VALUATION AND REVALUATION OF ASSETS AND LIABILITIES .. 201 Chapter III TREATMENT OF VOLUNTARY CONTRIBUTIONS IN 201 Chapter IV LIST AND CONTENTS OF THE ACCOUNTS FOR NON-PROFIT ASSOCIATION FUNDS .. 202 Chapter V - RULES FOR PRESENTATION OF ANNUAL ACCOUNTS.

10 204 Chapter VI TERMINOLOGY OF SPECIFIC ACCOUNTS .. 211 TITLE I OBJECT AND PRINCIPLES OF accounting Chapter I Field of application 110-1. - The requirements of the present regulation apply to all natural persons or legal entities subject to the legal obligation to draw up annual accounts comprising the balance sheet, profit and loss account and notes on the accounts, conditional upon requirements specific to them. The natural persons or legal entities referred to in the 1st paragraph are termed entities in the present regulation. Chapter II Principles 120-1. - accounting is a system for organisation of financial information allowing entry, classification and recording of numerical source data and presentation of statements reflecting a true and fair view of the assets and liabilities, financial position and profit or loss of the entity at the date of closing off the accounts.