12

1 - Political parties are required to keep organised accounts, so that it is possible to ascertain their financial position and verify compliance with the obligations set forth by the present law.

2 - The accounting of the parties is governed by principles which apply to the Plano Oficial de Contas (National Accounting Plan), mutatis mutandis.

3 - Their specific accounting system has the following special requirements:
a) An annual inventory of the party's assets in terms of real estate property subject to registration;
b) A breakdown of revenues, which includes:
i) Those covered by each of the points of article 3;
ii) Those covered by each of the points of article 4;
c) A breakdown of expenditure, which includes:
i) Personnel costs;
ii) Expenditure on the acquisition of goods and services;
iii) Contributions to electoral campaigns;
iv) Financial charges due on loans;
v) The costs incurred through the payment of the fines provided for in paragraphs 1 and 2 of article 29;
vi) Other costs related to the party's own activity;
d) A breakdown of capital operations related to:
i) Loans;
ii) Investments;
iii) Debtors and creditors.

4 - The national accounts of the parties are to include, in Annex thereto, the accounts of their regional, district or autonomous structures, allowing the calculation of the entirety of their income and expenses, whereas, alternatively, consolidated accounts may be presented.

5 - For the purposes of the preceding paragraph, the definition of personal responsibility for the fulfilment of the obligations established under the present law among the leadership of these structures and national leadership of the party is determined by the respective statutes.

6 - The accounting of election expenses and revenues is governed by the provisions of Chapter III.

7 - The breakdowns and annexes to the accounts of the parties are to comprise:
a) Bank statements listing account transactions and credit card account statements ;
b) Revenues arising from fundraising activities, with identification of the type of activity and date of conclusion;
c) The real estate property of the parties, without prejudice to the provisions of point a) of paragraph 3.

8 - For the purposes of examination and inspection, as referred to in Articles 23 et seq., the accounts of parliamentary groups and single members representing the party in the Assembly of the Republic are likewise annexes to the national accounts of parties.

9 - The accounts of the regional structures referred to in paragraph 4 shall include, for the purposes of examination and inspection, as referred to in paragraph 8 of article 5 and articles 23 et seq., those accounts related to grants received directly or received through parliamentary groups or through the single member representing a party, of the legislative assemblies of the autonomous regions.

10 - For purposes of the necessary examination and inspection, members who are not part a parliamentary group of the Assembly of the Republic and independent members of the legislative assemblies of the autonomous regions shall present accounts of grants received to the Constitutional Court, under the terms of paragraph 8 of article 5 and articles 23 et seq. mutatis mutandis.