II. Functioning of accounts
Class 2. Fixed assets

26. Equity interests and receivables
from equity interests


Account 261 " Equity investments " is debited with the contribution value or the acquisition cost, by crediting, as appropriate:

It is credited, in the case of a sale of equity interests, by debiting account 675 " Book value of assets sold " .

Account 266 " Other types of equity interests " is debited with the amount of the subscription or acquisition of shares in an Economic Interest Grouping (E.I.G.). If the E.I.G. has no capital, account 266 is debited as a memorandum item.

Account 267 " Receivables from equity interests " includes receivables resulting from loans to entities in which the lender has an equity interest.

Unrealizable advances to an Economic Interest Grouping (E.I.G.) are debited to a subdivision of account 267 " Convertible loans " .

In the case where the subscription to a part of the capital of a company leads to subsequent mandatory payments of additional funds by the subscriber which are not recorded in the capital of this company, these payments are recorded in a subdivision of account 267 entitled " Payments representing non-capital contributions (call for funds) " . This is the case, for example, in real estate matters.

Account 268 " Receivables from joint ventures " is debited by crediting account 458 " Partners - Joint ventures and Economic Interest Grouping (E.I.G) " with the rights that the non-managing partner has over the assets acquired or created by the managing partner of the joint venture.

Account 268 is credited by debiting account 458 when the fixed assets are used.

Interest accrued at the end of the financial year is recorded in subdivisions of accounts 267 and 268.

Account 269 " Remaining payments on unpaid equity investments " is credited with the amount of remaining payments on unpaid equity investments by debiting account 261 " Equity investments " .


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