RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of August 7, 2023 No. 281

About approval of the Instruction for financial accounting of the income, expenses and reserves recognized as estimative obligations

Based on the paragraph of the thirty eighth of Article 26 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve the Instruction for financial accounting of the income, expenses and reserves recognized as estimative obligations it (is applied).

2. This resolution becomes effective since January 1, 2027.

Approved by the Resolution of Board of National Bank of the Republic of Belarus of August 7, 2023 No. 281

The instruction for financial accounting of the income, expenses and reserves recognized as estimative obligations

Chapter 1. General provisions

1. This Instruction determines for banks, the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company (further - banks) procedure for reflection in financial accounting of the income, expenses and reserves recognized as estimative obligations.

2. For the purposes of this Instruction the terms below are used in the following values:

imputed income - the income which is receivable and considered on balance sheet accounts on accounting of imputed incomes;

accrued expense - the expense which is payable and considered on balance sheet accounts on accounting of accrued expenses.

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