APPENDIX 2 - Euroleague Basketball

The information presented by the clubs must be adapted to the standards
set by the Company in those cases in which the local legislation does not
establish the accounting criteria mentioned in the previous paragraph.
4.1. Implementation of the Financial and Economic Regulations
The implementation phases of the financial criteria are the following:
4.1.1. Phase I: In force since the 2005-2006 season
4.1.2. Phase II:
This Phase complements Phase I. The objective is to make possible the
medium- and long-term goals proposed in Article 2 (Objectives).
a) 2012-2013 Closing Balance Sheet and P&L Account:
The clubs must present the 2012-2013 Closing Balance Sheet and
P&L Account before 30 September 2013.
The 2012-2013 Closing Balance Sheet and P&L Account will follow the
parameters included in Exhibit A.
In the case that the 2012-2013 Closing Balance Sheet and P&L
Account submitted by the clubs have not been audited, the clubs
must also present the 2012-2013 Audited Final Annual Accounts
before 2 December 2013.
b) 2013-2014 Budgeted P&L Account:
The clubs must present the 2013-2014 Budgeted P&L Account before
30 September 2013.
The 2013-2014 Budgeted P&L Account will follow the parameters
included in Exhibit B.
In addition, the clubs must present the update of the 2013-2014
Budgeted P&L Account before 30 January 2014. This update will
highlight any changes that can affect the 2013-2014 Budgeted P&L
Account, which was submitted before 30 September, or the financial
position of the club.
c) Outstanding Debts and/or Payments:
The clubs must also prove that they do not have any debt derived
from the contracts entered into with their employees (players,
coaches, administrative staff…) as well as debts with the fiscal
authorities.
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