INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of May 22, 2019 No. 5149-U

About modification of the Provision of the Bank of Russia of October 25, 2017 No. 612-P "About procedure for reflection on accounts of financial accounting of objects of financial accounting by not credit financial credit institutions"

1. According to article 7 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, Art. 4456; No. 31, Art. 4830; No. 50, Art. 7562; 2018, No. 1, Art. 66; No. 9, Art. 1286; No. 11, Art. 1584, Art. 1588; No. 18, Art. 2557; No. 24, Art. 3400; No. 27, Art. 3950; No. 31, Art. 4852; No. 32, Art. 5115; No. 49, Art. 7524; No. 53, Art. 8411, Art. 8440; 2019, No. 6, Art. 463; No. 18, the Art. 2198), part 6 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2013, No. 26, Art. 3207; No. 27, Art. 3477; No. 30, Art. 4084; No. 44, Art. 5631; No. 51, Art. 6677; No. 52, Art. 6990; 2014, No. 45, Art. 6154; 2016, No. 22, Art. 3097; 2017, No. 30, Art. 4440; 2018, No. 1, Art. 65; No. 31, Art. 4861; No. 49, the Art. 7516) 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 April 26, 2019 No. 9) to bring in the Provision of the Bank of Russia of October 25, 2017 No. 612-P "About procedure for reflection on accounts of financial accounting of objects of financial accounting by not credit financial credit institutions", registered by the Ministry of Justice of the Russian Federation on December 11, 2017 No. 49203, on December 3, 2018 No. 52844, on January 14, 2019 No. 53337, the following changes.

1.1. In Item 3.3:

to add the paragraph of the sixth with words "which conditions correspond to the conditions listed in Item 3.6 of this provision";

in paragraph seven of the word "debt securities and equity securities" shall be replaced with words "equity securities and debt securities which conditions do not correspond to the conditions listed in Item 3.6 of this provision".

1.2. The fifth Item 3.4 to add the paragraph with words "which conditions correspond to the conditions listed in Item 3.6 of this provision".

1.3. Add Item 3.6 with the new paragraph of the following content:

"Payments to the creditor are determined as the amount of the interest incomes and other incomes which are subject to payment by the debtor in accordance with the terms of the financial instrument.".

1.4. In Item 3.7 of the word "repayment period" to exclude more than 1 year.

1.5. The fifth Item 3.10 to state the paragraph in the following edition:

"At least the last calendar day of every quarter the separate not credit financial credit institution shall recognize the amount of recovery of reserve under impairment as a part of the income.".

1.6. In Item 4.6:

declare paragraph two invalid;

in paragraph three of the word "which effective period more than one year" to exclude.

1.7. To state paragraph two of Item 4.19 in the following edition:

"In the specified case the separate not credit financial credit institution shall recognize value adjustment of the issued (placed) loan or the deposit as a part of the income or expenses from transactions with the placed deposits and the issued loans for date of review of the expected cash flows according to the loan agreement or on bank deposit agreement. The separate not credit financial credit institution shall reflect value adjustment of the issued (placed) loan or the deposit in financial accounting if adjustment is essential.".

1.8. Add Item 4.40 with new paragraphs of the following content:

"Receipt in case of realization of the values or property accepted by the separate not credit financial credit institution in providing on the issued (placed) means, the money which is payable to the pledger in the difference amount between the amount realized from realization of subject of pledge, and the amount of the unexecuted obligation on loan and the added percent provided with pledge is reflected accounting entry:

Debit of the account on the cash accounting

Account No. 60322 credit "Settlings with other creditors".".

1.9. Declare Item 4.47 invalid.

1.10. In Item 4.48:

in subitem 4.48.1 of the word" (except real estate objects, including the earth)" to exclude;

in subitem 4.48.4:

the first offer of the paragraph of third to add with the words "or the labor instruments received under agreements of compensation, pledge which purpose is not determined " are reflected in the balance sheet account No. 62101 " if the management of the separate not credit financial credit institution does not determine their appointment or the decision to complete their sale prior to the beginning of the next accounting period is made";

to add the paragraph of the seventh with words ", No. 62101 "The labor instrument received under agreements of compensation, pledge which purpose is not determined".

1.11. State Item 4.51 in the following edition:

"4.51. Money transfer of work, received under agreements of compensation, pledge, in structure of fixed asset objects, intangible assets, investment property, and also transfer of the objects of the labor received under agreements of compensation, pledge in structure of inventories is performed based on intentions of management of the separate not credit financial credit institution if the translated object meets recognition criteria by the types of objects determined in Items 9. 1, 10.1, 11.1 and 12.1 of this provision.".

1.12. In Item 4.52:

the paragraph one to state in the following edition:

"4.52. Financial accounting of money transfer of work, received under agreements of compensation, pledge, in structure of fixed asset objects, intangible assets, investment property is performed by the separate not credit financial credit institution according to subitems 4.52.1 - 4.52.3 presents of Item.";

in paragraph one of subitem 4.52.1 and paragraph one of subitem 4.52.2 of the word "which appointment is not determined" to exclude;

add with subitem 4.52.3 of the following content:

"4.52.3. Money transfer of work, received under agreements of compensation, pledge, in structure of investment property is reflected at the cost which developed for date of transfer, accounting entry:

The debit of the account No. 619 "Investment property" (if object is ready to use)

or

The debit of the account No. 61911 "Investments in construction (construction) of objects of investment property" (if object is not ready to use)

The account No. 62101 credit "The labor instruments received under agreements of compensation, pledge which purpose is not determined".

Financial accounting of the objects transferred to structure of investment property is performed according to Chapter 10 of this provision.".

1.13. In paragraph one of Item 4.53 of the word "which appointment is not determined" to exclude.

1.14. State Items 4.54 and 4.55 in the following edition:

"4.54. Disposal of the labor instruments (including real estate objects) received under agreements of compensation, pledge which were not transferred to structure of fixed assets, of intangible assets, investment property in connection with intentions of management of the separate not credit financial credit institution to sell object, is reflected the separate not credit financial credit institution accounting entries:

Debit of the account No. 61209 "Disposal (realization) of property"

The account No. 62101 credit "The labor instruments received under agreements of compensation, pledge which purpose is not determined";

Debit of the account No. 60332 "Settlings with buyers and clients"

The account No. 61209 credit "Disposal (realization) of property" (on the amount of sales proceeds).

The costs connected with disposal are reflected accounting entry:

Debit of the account No. 61209 "Disposal (realization) of property"

Credit of the account on accounting of settlings with suppliers and contractors.

The financial result from realization of labor instrument belongs from the account No. 61209 "Disposal (realization) of property" into the balance sheet account No. 71701 "The income on other transactions" (on symbol of OFR "income from disposal (realization) of the labor instruments received under agreements of compensation, pledge which purpose is not determined" of the subsection "Income on Transactions with the Property Received under Agreements of Compensation, Pledge") or No. 71702 "Expenses on other transactions" (on symbol of OFR "expenses on disposal (realization) of the labor instruments received under agreements of compensation, pledge which purpose is not determined" of the subsection "Expenses on Transactions with the Property Received under Agreements of Compensation, Pledge").

4.55. Disposal of the objects of the labor received under agreements of compensation, pledge which were not transferred to structure of inventories in connection with intentions of management of the separate not credit financial credit institution to sell object, is reflected the separate not credit financial credit institution accounting entries:

Debit of the account No. 61209 "Disposal (realization) of property"

The account No. 62102 credit "The objects of the labor received under agreements of compensation, pledge which purpose is not determined";

Debit of the account No. 60332 "Settlings with buyers and clients"

The account No. 61209 credit "Disposal (realization) of property" (on the amount of sales proceeds).

The costs connected with disposal are reflected accounting entry:

Debit of the account No. 61209 "Disposal (realization) of property"

Credit of the account on accounting of settlings with suppliers and contractors.

The financial result from realization of object belongs from the account No. 61209 "Disposal (realization) of property" into the balance sheet account No. 71701 "The income on other transactions" (on symbol of OFR "income from disposal (realization) of the objects of the labor received under agreements of compensation, pledge which purpose is not determined" of the subsection "Income on Transactions with the Property Received under Agreements of Compensation, Pledge") or No. 71702 "Expenses on other transactions" (on symbol of OFR "expenses on disposal (realization) of the objects of the labor received under agreements of compensation, pledge which purpose is not determined" of the subsection "Expenses on Transactions with the Property Received under Agreements of Compensation, Pledge")".

1.15. In paragraph one of subitem 4.56.1 of Item 4.56 the word "Charge" shall be replaced with words "Recognition as a part of expenses of costs on payment".

1.16. The fifth Item 5.12 to add the paragraph with words "(further - the order of the Ministry of Finance of the Russian Federation No. 117n)".

1.17. In Item 6.7:

declare paragraph two invalid;

in paragraph three of the word "which repayment period (return) more than one year" to exclude.

1.18. Add Item 6.19 with the new paragraph of the following content:

"The separate not credit financial credit institution shall reflect in financial accounting value adjustment of the financial liability as a result of change of estimations of payments and receipts if adjustment is essential.".

1.19. In Item 9.1:

state paragraph two in the following edition:

"assets in the form of spare parts, materials, stock, accessories, editions which will be consumed in case of performance of works rendering services during implementation of the main activities by the separate not credit financial credit institution or in case of construction (construction), creation (production), recovery of fixed asset objects, construction (construction), recovery of objects of investment property, and other assets corresponding to recognition criteria according to Items 6 and 8 of the International accounting standard (IAS) 2 "Inventories" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n and the order of the Ministry of Finance of the Russian Federation No. 111n (further - IFRS (IAS) 2) if they are not considered according to Chapter 4 this provision;";

in paragraph three the word "regular" shall be replaced with words "implementation the main".

1.20. In Item 9.2:

the paragraph one after words "to add No. 61014 "Goods" with words "and No. 61015 "Work in progress";

the tenth to state the paragraph in the following edition:

"On the account No. 61015 "Work in progress" inventory items and other objects of property which are in process of construction (construction) are considered.";

add with the new paragraph of the following content:

"The procedure for analytics of inventories is determined by the separate not credit financial credit institution. Analytics of inventories shall provide information on persons responsible for safety of inventories, and on storage locations of inventories.".

1.21. In Item 9.6:

to add paragraph two after the word "cost" with words "(further - the VAT)";

add with new paragraphs of the following content:

"Inclusion of VAT amount in inventory cost by the separate not credit financial credit institution is reflected accounting entry:

The debit of the balance sheet account of the second procedure opened on the account No. 610 "Inventories"

The account No. 60310 credit "The value added tax paid" or if the separate not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in inventory cost).".

1.22. State Item 9.11 in the following edition:

"9.11. Original cost of the inventories remaining in case of disposal of fixed asset objects or taken in the course of the current content, repair, reconstruction, upgrade of fixed asset objects and other assets fair value of the received inventories is recognized.

The original cost of the inventories which remained from disposal of fixed assets and other property is reflected accounting entry according to paragraphs the first and fifth subitem 11.52.2 of Item 11.52 of this provision.".

1.23. In Item 9.16:

paragraph one after the word "net" to add with the word "possible";

in the paragraph the second ambassador of the word "Net" to add with the word "possible", the word "regular" shall be replaced with words "implementation the main".

1.24. State Item 9.17 in the following edition:

"9.17. The net possible selling price of inventories is subject to assessment for the end of each accounting year. The separate not credit financial credit institution determines frequency of evaluating net possible selling price of inventories within accounting year in accounting policy.

The cost depletion of inventories to net possible selling price is reflected accounting entry:

The debit of account 71802 "The expenses connected with ensuring activities" (on symbol of OFR "expenses on cost depletion of inventories" of the subsection "Organizational and Management Expenses")

The credit of the balance sheet account of the second procedure opened on the account No. 610 "Inventories".

If the net possible selling price of earlier marked down inventories raises, such inventories are subject to revaluation to net possible selling price within earlier acknowledged writedown, but their costs are not higher. The amount of revaluation of inventories is reflected accounting entry:

The debit of the balance sheet account of the second procedure opened on the account No. 610 "Inventories"

The credit accounts No. 71801 "The income linked with transactions on ensuring activities" (on symbol of OFR "other incomes" of the subsection "Other incomes")".

1.25. State Item 9.20 in the following edition:

"9.20. Application of method of assessment of FIFO is performed according to Items 25 - 27 IFRS (IAS) 2.".

1.26. In the paragraph the second Item 9.23 the word "regular" shall be replaced with words "implementation the main".

1.27. Item 9 in paragraph four. 24, Item 10. 18, paragraphs the second and fourth subitem 11.52.2 of Item 11. The paragraph the ninth Item 12.29 of the word "suppliers and contractors" shall be replaced with words 52, "buyers and clients".

1.28. State Item 10.2 in the following edition:

"10.2. Types of objects of investment property are determined according to Item 8 of the International accounting standard (IAS) 40 "Investment real estate" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 217n with the amendments enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation No. 98n, the order of the Ministry of Finance of the Russian Federation No. 111n and the order of the Ministry of Finance of the Russian Federation No. 117n.".

1.29. In Item 10.5:

to state the paragraph of the seventh in the following edition:

"No. 60804" the property received in finance lease ";";

add with new paragraphs of the following content:

"No. 60805" fixed asset depreciation, received in finance lease".

Analytics of investment property are kept by the separate not credit financial credit institution on inventory objects.".

1.30. In the paragraph the second Item 10. The paragraph the second Item 11.9 of the word of "value added tax" to replace 6, with the word "VAT".

1.31. To state subitem 11.13.4 of Item 11.13 in the following edition:

"11.13.4. Inclusion of VAT amount in the cost of fixed asset is reflected accounting entry:

Debit of the account No. 60415 "Investments in construction (construction), creation (production) and acquisition of fixed assets"

The account No. 60310 credit "The value added tax paid" or if the separate not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in the cost of fixed asset).".

1.32. In Item 11.42:

the paragraph one to state in the following edition:

"11:42. Settlement salvage value and useful life of fixed asset object are analyzed regarding possible review at least for the end of each accounting year. The method of depreciation of fixed asset object is analyzed regarding possible review at the end of each accounting year.";

add subitem 11.42.2 with the new paragraph of the following content:

"In case of value addition of fixed asset object as a result of the carried-out upgrade or reconstruction establishment of new term of its useful use and depreciation proceeding from the corrected project cost of fixed assets are performed from the date of, the object changes in value following behind day as a result of upgrade or reconstruction.".

1.33. In the paragraph the second Item 12.5 of the word "Provisions of the Bank of Russia No. 492-P" shall be replaced with words "Provisions of the Bank of Russia of September 22, 2015 No. 492-P "Industry standard of financial accounting of fixed assets, intangible assets, investment property, non-current assets, held for sale, the inventories, labor instruments and objects of the labor received under agreements of compensation, pledge which purpose is not determined of property and (or) its suitable remaining balance received in connection with refusal of the insurer (beneficiary) of the property right to insured property in not credit financial credit institutions", No. registered by the Ministry of Justice of the Russian Federation on October 15, 2015 39335, on December 21, 2016 No. 44851, on December 3, 2018 No. 52844, on June 17, 2019 No. 54944".

1.34. To add paragraph two of Item 12.6 with words ", except for VAT amounts and other recoverable taxes (except cases when the separate not credit financial credit institution in accounting policy determines other)".

1.35. To state subitem 12.9.4 of Item 12.9 in the following edition:

"12.9.4. Inclusion of VAT amount in the cost of intangible asset is reflected accounting entry:

Debit of the account No. 60906 "Investments in creation and acquisition of intangible assets"

The account No. 60310 credit "The value added tax paid" or if the separate not credit financial credit institution is not payer of the VAT, accounts on accounting of settlings with suppliers and contractors (on the VAT amount included in the cost of intangible asset).".

1.36. Item 12.22 in paragraph one shall be replaced with words the word "be reviewed" "be analyzed regarding need of review".

1.37. In the paragraph the second Item 15.37 of the word "value added tax" to replace with the word "VAT".

1.38. In appendix 1:

state Item 14 in the following edition:

"14. Provision of the Bank of Russia of March 22, 2018 No. 635-P "About procedure for reflection on accounts of financial accounting of lease agreements by not credit financial credit institutions", registered by the Ministry of Justice of the Russian Federation on April 16, 2018 No. 50781, on December 3, 2018 No. 52844.";

add with Item 16 of the following content:

"16. Provision of the Bank of Russia of October 25, 2017 No. 614-P "About information disclosure forms in accounting (financial) records of the microfinancial organizations, credit consumer cooperatives, agricultural credit consumer cooperatives, housing accumulative cooperatives, pawnshops and procedure for group of accounts of financial accounting according to indicators of accounting (financial) records", registered by the Ministry of Justice of the Russian Federation on December 11, 2017 No. 49202, on March 13, 2018 No. 50326, on December 3, 2018 No. 52844.".

2. This Instruction is subject to official publication and becomes effective since January 1, 2020.

 

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