RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of December 22, 2018 No. 74

About approval of the National accounting standard and the reporting "Financial instruments", modification and amendments in some resolutions of the Ministry of Finance of the Republic of Belarus and recognition No. 164 which voided resolutions of the Ministry of Finance of the Republic of Belarus of December 22, 2006

Based on the paragraph of the fourth Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 "About financial accounting and the reporting", the paragraph of third subitem 4.32 of item 4 and Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed National accounting standard and the reporting "Financial instruments".

2. Determine that the organizations (except for National Bank of the Republic of Belarus, banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations, banking groups, bank holdings, state-financed organizations) debit balance on account 76 "Settlings with different debtors and creditors" regarding the added percent on the long-term financial investments which are registered on account 06 "Long-term financial investments", and to the short-term financial investments which are registered on account 58 "Short-term financial investments", transfer on January 1, 2019 on account 06 "Long-term financial investments" and 58 "Short-term financial investments" respectively.

3. Make changes and additions to the following resolutions of the Ministry of Finance of the Republic of Belarus:

3.1. in the Instruction about procedure for application of the standard chart of accounts of financial accounting approved by the resolution of the Ministry of Finance of the Republic of Belarus of June 29, 2011 No. 50 "About establishment of the standard chart of accounts of financial accounting, approval of the Instruction about procedure for application of the standard chart of accounts of financial accounting and recognition voided some resolutions of the Ministry of Finance of the Republic of Belarus and their separate structural elements" (The national register of legal acts of the Republic of Belarus, 2011, No. 143, 8/24548; National legal Internet portal of the Republic of Belarus, 30.12.2012, 8/26723):

3.1.1. in Item 1 of the word "banks, the non-bank credit and financial organizations" shall be replaced with words "National Bank of the Republic of Belarus, banks, "Development Bank of the Republic of Belarus" open joint stock company, the non-bank credit and financial organizations, banking groups, bank holdings";

3.1.2. in Item 11:

after part three to add Item with part of the following content:

"On separate sub-accounts to account 06 "Long-term financial investments" the rights (requirements) for monetary commitments acquired in case of securitization (if fixed term of their repayment exceeds 12 months), the derivative financial instruments which are financial assets (if fixed term of their execution exceeds 12 months), and also the reserves under impairment of long-term financial investments created according to the procedure, established by the legislation can be considered.";

the fourth or eighth to consider parts respectively parts of the fifth or ninth;

3.1.3. in Item 44:

after part three to add Item with part of the following content:

"On separate sub-accounts to account 58 "Short-term financial investments" the rights (requirements) for monetary commitments acquired in case of securitization (if fixed term of their repayment does not exceed 12 months), the derivative financial instruments which are financial assets can be considered (if fixed term of their execution does not exceed 12 months).";

the fourth or eighth to consider parts respectively parts of the fifth or ninth;

in part six of Item 44 of the word" (if the organization is professional participant of the security market), 91 "Other incomes and expenses" (if the organization is not professional participant of the security market) "shall be replaced with words", 91 "Other incomes and expenses";

3.1.4. in parts two and third Item 45 of the word of "accounts 90" the income and expenses on the current activities" (if the organization is professional participant of the security market), 91 "Other incomes and expenses" (if the organization is not professional participant of the security market) "shall be replaced with words" account 91 "Other incomes and expenses";

3.1.5. in Item 48:

the eighth to exclude part;

the ninth or eleventh to consider parts respectively parts of the eighth or tenth;

3.1.6. in Item 51:

after part five to add Item with part of the following content:

"On the separate sub-account to account 66 "Calculations for short-term loans and loans" the derivative financial instruments which are financial liabilities can be considered (if fixed term of their execution does not exceed 12 months).";

the sixth or tenth to consider parts respectively parts of the seventh or eleventh;

3.1.7. in Item 52:

after part five to add Item with part of the following content:

"On the separate sub-account to account 67 "Calculations for long-term loans and loans" the derivative financial instruments which are financial liabilities can be considered (if fixed term of their execution exceeds 12 months).";

the sixth or tenth to consider parts respectively parts of the seventh or eleventh;

3.1.8. in part six of Item 54 of the word "Social Security Fund of the population of the Ministry of Labour and Social Protection of the Republic of Belarus (further - Social Security Fund of the population)" shall be replaced with words "the budget of state non-budgetary fund of social protection of the population of the Republic of Belarus (further - the budget of fund)";

3.1.9. in parts four and the sixth Item 55 of the word "Social Security Fund of the Population" shall be replaced with words "the budget of fund";

3.1.10. to state appendix 6 to the Instruction in the following edition:

"Appendix 6

to the Instruction about procedure for application of the standard chart of accounts of financial accounting

Correspondence of account 06 "Long-term financial investments" with other accounts

3.1.11. to state appendix 8 to the Instruction in the following edition:

"Appendix 8

to the Instruction about procedure for application of the standard chart of accounts of financial accounting

Correspondence of account 08 "Investments in non-current assets" with other accounts

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