INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of August 14, 2017 No. 4492-U

About modification of the Provision of the Bank of Russia of October 1, 2015 No. 493-P "Industry standard of financial accounting by not credit financial credit institutions of transactions on issue (placement) of money according to loan agreements and bank deposit agreements"

1. According to Item 14 of article 4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, Art., 4225, Art. 4273, Art. 4295; 2017, No. 1, Art. 46; No. 14, Art. 1997; No. 18, Art. 2661, Art. 2669; No. 27, Art. 3950; No. 30, the Art. 4456) and the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of August 9, 2017 No. 18) to bring in the Provision of the Bank of Russia of October 1, 2015 No. 493-P "Industry standard of financial accounting by not credit financial credit institutions of transactions on issue (placement) of money according to loan agreements and bank deposit agreements", registered by the Ministry of Justice of the Russian Federation on October 15, 2015 No. 39330, on December 20, 2016 No. 44834, the following changes.

1.1. In Item 1.7 to replace the word "provisions" with the word "Provisions".

1.2. State Item 1.8 in the following edition:

"1.8. The ESP method can not be applied:

to the loan agreements and bank deposit agreements estimated at fair value through profit or loss;

to loan agreements and bank deposit agreements if the difference between the depreciated cost calculated with use of the ESP method, and the depreciated cost calculated with use of straight-line method of recognition of interest income is not essential.

Criteria of materiality affirm as accounting policy of not credit financial credit institution.".

1.3. Add Item 1.12 with the paragraph of the following content:

"The amount of other expenses (costs according to the transaction) according to the loan agreement or bank deposit agreement estimated at fair value through profit or loss in calculation of ESP does not join and recognized structure of expenses from transactions on the issued loans or from transactions with the placed deposits one-timely for date of their origin in accordance with the terms of the agreement.".

1.4. Add Item 1.14 with the paragraph of the following content:

"Disaggregation of analytics of the issued (placed) loans and deposits shall provide information necessary for not credit financial credit institution for forming of the corresponding indicators of the reporting represented to the Bank of Russia.".

1.5. Add Item 1.19 with the paragraph of the following content:

"If the difference between fair value of the issued (placed) loan or bank deposit in case of initial recognition and the price under the agreement is insignificant, not credit financial credit institution can not reflect the specified difference in financial accounting.".

1.6. Add Item 1.20 with paragraphs of the following content:

"Not credit financial credit institution can not include in calculation of ESP and not amortize other incomes and other expenses (costs according to the transaction) which are not essential. In this case:

other incomes belong on increase in interest incomes one-timely for date of their origin in accordance with the terms of the agreement;

other expenses (costs according to the transaction) are recognized structure of commission expenses one-timely for date of their origin in accordance with the terms of the agreement.".

1.7. Add with Item 2.2.1 of the following content:

"2.2.1. According to the loan agreement or on bank deposit agreement, estimated at fair value through profit or loss, other expenses (costs according to the transaction) are reflected accounting entry:

The debit of the account No. 71502 "Expenses on transactions with the placed deposits issued by loans and the other provided means" (on the corresponding symbol of the report on financial results established by the Provision of the Bank of Russia of September 2, 2015 No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of not credit financial credit institutions" registered by the Ministry of Justice of the Russian Federation on October 9, 2015 No. 39282, on June 8, 2016 No. 42473, on December 20, 2016 No. 44832 (further - OFR symbol), the subsections "On the Placed Deposits", "On Other Means, including on the Other Acquired Rights to Claim Granted", "On Transactions with the Other Provided Means", "On the Issued Loans" of the Section "Expenses on Transactions with the Placed Deposits Issued by Loans and the Other Provided Means")

Account No. 47422 credit of "Obligation on other financial transactions", accounts No. 47423 "Requirements for other financial transactions".

Money transfer by not credit financial credit institution in payment of other expenses (costs according to the transaction) according to the loan agreement or on bank deposit agreement, estimated at fair value through profit or loss, is reflected accounting entry:

Debit of the account No. 47422 "Obligations on other financial transactions", accounts No. 47423 "Requirements for other financial transactions"

Credit of the account on the cash accounting.".

1.8. In paragraph three of subitem 2.3.1 of Item 2.3 of the word "the report on financial results, to No. 487-P "Industry standard of financial accounting of the income, expenses and other comprehensive income of not credit financial credit institutions" established by the Provision of the Bank of Russia of September 2, 2015 registered by the Ministry of Justice of the Russian Federation on October 9, 2015 No. 39282, on June 8, 2016 No. 42473, on December 20, 2016 No. 44832 ("the Bulletin of the Bank of Russia" of November 6, 2015 No. 97 - 98, of June 24, 2016 No. 59, of January 18, 2017 No. 3 - 4) (further - OFR symbol)," to replace with the word "OFR".

1.9. In Item 2.9:

in paragraph one after the word of "loan" to add with the words "it is made regularly during the term of the agreement and";

add with the paragraph of the following content:

"Not credit financial credit institution can approve in accounting policy other procedure in case of which the added other incomes on loans (microloans) separately are not reflected in accounts of financial accounting. Depreciation of other incomes according to Item 1.20 of this provision is reflected at the same time as a part of adjustment to depreciated cost accounting entry, stipulated in Item 2.15 this provision.".

1.10. Add Item 2.10 with paragraphs of the following content:

"If not credit financial credit institution approved in accounting policy procedure in case of which the added other incomes on loans (microloans) separately are not reflected in accounts of financial accounting, write-off paid (received from the borrower) the amount of other incomes relating to current month is reflected accounting entry:

The debit of the account on accounting of calculations for other incomes on loans (microloans)

The credit of the account on accounting of the adjustments increasing the cost of the placed means.".

1.11. In Item 2.11:

the paragraph one to state in the following edition:

"2.11. Charge of other expenses (costs according to the transaction) according to the loan agreement or bank deposit agreement estimated not at fair value through profit or loss is made regularly during the term of the agreement. The other expenses (costs according to the transaction) not credit financial credit institution on issue (placement) of money relating to current month are reflected accounting entry:".

add with the paragraph of the following content:

"Not credit financial credit institution can approve in accounting policy other procedure in case of which the added other expenses (costs according to the transaction) on issue (placement) of money separately are not reflected in accounts of financial accounting. Depreciation of other expenses (costs according to the transaction) according to Item 1.20 of this provision is reflected at the same time as a part of adjustment to depreciated cost accounting entry, stipulated in Item 2.15 this provision.".

1.12. Add Item 2.12 with paragraphs of the following content:

"If not credit financial credit institution approved in accounting policy procedure in case of which the added other expenses separately are not reflected in accounts of financial accounting (costs according to the transaction) on issue (placement) of money, write-off of the amount of other expenses (costs according to the transaction) relating to current month is reflected accounting entry:

The debit of the account on accounting of the adjustments reducing the cost of the placed means

The credit of the account on accounting of calculations for the expenses connected with investment of funds.".

2. This Instruction is subject to official publication and becomes effective since January 1, 2018.

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