# Council Directive of 8 December 1986 on the annual accounts and consolidated accounts of banks and other financial institutions (86/635/EEC), Article 32

Extent: E+W+S+N.I.

Article 27, item 6 (vertical layout)
Article 28, item A 3 or item B 4 (horizontal layout)
Net profit or net loss on financial operations.
This item covers:
1.. the net profit or loss on transactions in securities which are not held as financial fixed assets together with value adjustments and value re-adjustments on such securities, taking into account, where Article 36 (2) has been applied, the difference resulting from application of that article; however, in those Member States which exercise the option provided for in Article 37, these net profits or losses and value adjustments and value re-adjustments shall be included only in so far as they relate to securities included in a trading portfolio;
2.. the net profit or loss on exchange activities, without prejudice to Article 29, point 3;
3.. the net profits and losses on other buying and selling operations involving financial instruments, including precious metals.

---
Source: https://www.legislation.gov.uk/eudr/1986/635/article/32 (the official version)
Page: https://openlegislation.uk/eu-directive-1986-635/article-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.