II. Functioning of accounts
Class 7. Revenues

76. Financial income


Subdivisions of the accounts 761 " Income from equity interests ", 762 " Income from other financial fixed assets " and possibly 763 " Income from other receivables " are used to identify income relating to affiliated entities and coming from equity interests or other financial fixed assets, and possibly from other receivables.

The share of the profit of an Economic Interest Grouping (E.I.G.) is recorded during the financial year of distribution in the subdivision of account 761 " Income from other types of equity interests ".

Accrued interest income on receivables from the State, due to the repeal of the one-month delay rule in V.A.T., is recorded in subdivision of account 7638 " Income from sundry receivables ".

Account 765 " Discounts Received " is credited with the amount of discounts received by the entity from its suppliers by debiting the relevant account of Class 4 " Accounts receivable and payable " or Class 5 " Cash and financial instruments ".

Account 766 " Financial foreign exchange gains " is debited with foreign exchange gains on financial transactions made by the entity during the financial year.

Account 767 " Net income from sales of marketable securities " is debited with the gross value of the marketable securities sold. It is credited with the sale price of these marketable securities.

Account 768 " Other financial income " records, where applicable, income from bank accounts.


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