SCHEDULE 402: SPECIFICATION OF ASSETS Nr Categorization of balance Description of balance sheet item Valuation principle sheet item A1 Investments for account of This item regards: Revaluation Model fund/Real Estate direct real estate investments in land along Asset is carried at a revalued amount, being its fair with improvements to the land, such as value at the date of revaluation less subsequent buildings, fences, wells and other site depreciation less impairment losses. improvements that are fixed in Adjustment of property values through ledger or indirect real estate investments, being non-ledger adjustments based upon current participation in investment institutions frequent (every 3 years) appraisal. The net which invest in real estate appreciation (the difference between the historical real estate investments in development 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 Common and preferred shares of stock owned Fair value model fund/Equity instruments in issued capital of corporations. At purchase security is capitalized at initial cost and This item regards owned by the company subsequently valued at fair value on individual which represent: investment basis. The difference between cost and the fair value must less than 20% of the voting rights in issued capital be reported as an adjustment through income between 20% and 50% of voting rights, statement. with no significant influence on management
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.
Pension%20fund%20comp%20&%20val%20guidelines%20final.docx