ORDER OF THE MINISTER OF FINANCE OF THE REPUBLIC OF KAZAKHSTAN

of May 28, 2025 No. 259

About approval of Rules of creation of annual consolidated financial statements by administrators of the budget programs with data of the financial reporting of subordinated subjects of the quasi-public sector

According to Item 2 of Article 133 of the Budget code of the Republic of Kazakhstan and the subitem 2) Item 3 of article 16 of the Law of the Republic of Kazakhstan "About the state statistics" PRIKAZYVAYU:

1. Approve the enclosed Rules of creation of annual consolidated financial statements as administrators of the subordinated subjects of the quasi-public sector, budget with data of the financial reporting.

2. To provide to department of methodology of financial accounting, audit and assessment of the Ministry of Finance of the Republic of Kazakhstan in the procedure established by the legislation of the Republic of Kazakhstan:

1) the direction of the copy of this order in the Kazakh and Russian languages in the Republican state company on the right of economic maintaining "Institute of the legislation and legal information of the Republic of Kazakhstan" the Ministries of Justice of the Republic of Kazakhstan for official publication and inclusion in Reference control bank of regulatory legal acts of the Republic of Kazakhstan;

2) placement of this order on Internet resource of the Ministry of Finance of the Republic of Kazakhstan after its official publication.

3. This order becomes effective since January 1, 2027 and is subject to official publication.

It is approved Bureau of national statistics of the Agency on strategic planning and reforms of the Republic of Kazakhstan

Approved by the Order of the Minister of Finance of the Republic of Kazakhstan of May 28, 2025 No. 259

Rules of creation of annual consolidated financial statements by administrators of the budget programs with data of the financial reporting of subordinated subjects of the quasi-public sector

Chapter 1. General provisions

1. These rules of creation of annual consolidated financial statements by administrators of the budget programs with data of the financial reporting of subordinated subjects of the quasi-public sector (further – Rules) are developed according to Item 2 of Article 133 of the Budget code of the Republic of Kazakhstan (further – the Budget code) and determine procedure for creation of annual consolidated financial statements by administrators of the budget programs with data of the financial reporting of subordinated subjects of the quasi-public sector.

2. Administrators of the budget programs constitute annual consolidated financial statements with data of the financial reporting of subordinated subjects of the quasi-public sector in amount and in the forms established by these rules.

3. In these rules the following basic concepts are used:

1) the consolidated financial statements of the administrator of the budget programs are the financial reporting of the administrator of the budget programs and public institutions and subjects of the quasi-public sector subordinated to it provided as the financial reporting of the single organization;

2) subjects of the quasi-public sector – the state companies, limited liability partnerships, joint-stock companies, including National welfare fund, national managing holdings, national holdings, the national companies, founder, the participant or the shareholder of which is the state, and also the affiliated, dependent and other legal entities who are affiliated with them according to legal acts of the Republic of Kazakhstan, fund of social medical insurance, the non-profit organization providing conditions for activities of bodies, their organizations and members of the International financial center "Astana";

3) elimination – exception of the equal amounts on mutual transactions between the administrator of the budget programs both its subordinated public institutions and subjects of the quasi-public sector, or between public institutions subordinated to one administrator of the budget programs, between administrators of the budget programs, between the administrator of the budget programs and the authorized body keeping financial accounting of receipts of the budget, also transactions between authorized bodies on execution of higher and subordinate budgets.

4. In case of creation of annual consolidated financial statements public institutions are guided by the Budget code, the Law of the Republic of Kazakhstan "About financial accounting and the financial reporting", regulatory legal acts on financial accounting and the financial reporting in public institutions and these rules.

5. The financial reporting of administrators of the budget programs, their subordinated public institutions and subjects of the quasi-public sector which is used by preparation of annual consolidated financial statements prepares as of the same reporting date.

The administrator of the budget program for the purpose of consolidation in case of discrepancy of reporting date of the financial reporting of the subordinated subject of the quasi-public sector with reporting date of the financial reporting of the administrator of the budget programs uses:

1) the additional financial reporting of the subordinated subject of the quasi-public sector for date of the reporting; or

2) the latest financial reporting of the subordinated subject of the quasi-public sector corrected on all essential transactions and events which took place between date of this reporting and date of consolidated financial statements.

6. Forms of consolidated financial statements are filled in strict accordance with the indicators provided in them. Change of indicators and their codes in the approved forms of the financial reporting or entering into them of additional indicators is not allowed.

The changes of data of consolidated financial statements relating both to the current accounting period and to previous period (after their approval), are made in the consolidated financial statements constituted for the period in which misstatements of data were found.

Changes by the administrator of the budget programs after its delivery are made to consolidated financial statements based on the notification of the State Treasury with obligatory respect for the principles and requirements for modification provided in these rules.

7. Address part of forms of consolidated financial statements is filled in the following procedure:

name of form;

"Index" is specified form of consolidated financial statements of administrators of the budget programs with data of the financial reporting of subordinated subjects of the quasi-public sector (further – KFOP) (short alphanumeric expression the name of form);

"Frequency" – is specified the period of KFOP;

accounting period;

Business – identification number of public institution;

"The collection method" – KFOP is represented on paper and in electronic form;

"The budget type" – is specified type of the budget from which the public institution is financed;

"Unit of measure" – thousands of tenges.

8. The consolidated financial statements administrators of republican budget programs are submitted in full forms according to Item 15 of these rules in electronic form by means of information system (further – IS) authorized body on budget implementation. Date of submission of the report date of its transfer through IS is considered.

Administrators of republican budget programs represent annual consolidated financial statements to the State Treasury, to the terms established by the State Treasury.

Administrators of local budget programs represent annual consolidated financial statements to local authorized body on budget implementation, to the terms established by local authorized body on budget implementation.

The term of submission of annual consolidated financial statements of administrators of republican and local budget programs is established by authorized body on budget implementation taking into account the last financial reporting of subordinated subjects of the quasi-public sector, available on reporting date.

In case of coincidence of the term established for submission of the reporting with output (non-working) day, the consolidated financial statements are submitted for the first working day following it.

The consolidated financial statements administrators of local budget programs are submitted in electronic form by means of IS in full of forms according to Item 15 of these rules.

In case of discrepancy to the provided consolidated financial statements to the established forms according to Item 15 of these rules the State Treasury and local authorized body on budget implementation returns on completion within 3 (three) working days from the date of receipt of the reporting.

In the presence of notes and need of modification of consolidated financial statements of the administrator of the budget programs, the authorized body on budget implementation rejects in IS consolidated financial statements for introduction of corresponding changes, with indication of reason for rejection.

The administrator of the budget programs according to the notes directed through IS or based on the written notice makes changes to the consolidated financial statements within 10 (ten) working days from the moment of receipt of the written notice or variation in IS. In case of change of the financial reporting of subordinated public institution, the administrator of the budget programs in writing notifies the relevant subordinated public institution and redirects offers on changes and amendments for their introduction within 10 (ten) working days to its separate financial statements.

9. Administrators of republican budget programs for which the special procedure for financing according to Article 1 of the Budget code is determined represent consolidated financial statements taking into account the features established by the laws of the Republic of Kazakhstan and acts of the President of the Republic of Kazakhstan regulating questions of the state secrets.

10. The State Treasury based on consolidated financial statements of administrators of republican budget programs constitutes consolidated financial statements about execution of the republican budget.

The local authorized body on budget implementation based on consolidated financial statements of administrators of local budget programs constitutes consolidated financial statements about execution of the local budget and represents to the State Treasury.

The State Treasury based on consolidated financial statements of local authorized bodies of areas, cities of republican value, the capital on budget implementation of area – consolidated financial statements according to local budgets.

The consolidated financial statements according to local budgets are created in the analytical purposes and for the purpose of forming of consolidated financial statements according to the government budget.

11. The head of this body, or person replacing it, or the chief of staff of state body, the right of the second signature – the chief accountant or person heading the structural division providing consolidation of the financial reporting has rights of the first signature on consolidated financial statements of the administrator of the budget programs.

The head of the State Treasury, or person replacing it, the right of the second signature – the head of the structural unit of the State Treasury providing consolidation of the financial reporting or person replacing it has rights of the first signature on consolidated financial statements about execution of the republican budget.

The head of authorized body on execution of the local budget, or person replacing it, the right of the second signature – the head of the structural unit providing consolidation of the financial reporting or person replacing it has rights of the first signature on consolidated financial statements about execution of the local budget.

The copy of the order on the right of provision of the first and second signatures in the reporting, except for administrators of the budget programs representing the reporting through IS is attached to the financial reporting.

In all forms of the represented consolidated financial statements near the signature of the head and chief accountant of the state body or person heading structural division, providing consolidation of the financial reporting disaggregation of the signature (surname, name, middle name (is specified in case of its availability).

Chapter 2. Consolidation procedure of the annual financial reporting

12. For the purpose of respect for the principle of comparability of the financial reporting, the consolidated financial statements of current period are constituted in comparison with data of the same last accounting period.

13. Creation of consolidated financial statements is performed in the following procedure:

1) line-by-line summing of similar items of assets, obligations, net assets / capital, income and expenses, receipts and disposal of money, changes in net assets / capital;

2) elimination of the income and expenses on transactions between the administrator of the budget programs both its subordinated public institutions and subjects of the quasi-public sector, and also between public institutions in one system, between public institutions and his subordinated subjects of the quasi-public sector;

3) elimination of the income and expenses on transactions between administrators of republican budget programs and authorized body on budget implementation (State Treasury);

4) elimination of the income and expenses on transactions between authorized bodies on execution of higher and subordinate budgets, between administrators of the budget programs;

5) balances by mutual calculations and transactions between the administrator of the budget programs by both its subordinated public institutions and subjects of the quasi-public sector, and also between public institutions in one system, between public institutions and his subordinated subjects of the quasi-public sector are completely excluded;

balances by mutual calculations and transactions between the administrator of the budget programs and authorized body on budget implementation (State Treasury) are completely excluded;

6) balances by mutual calculations between authorized bodies for execution of higher and subordinate budgets in case of consolidation of the financial reporting by authorized body for budget implementation are completely excluded;

7) transfer of the consolidated data of the previous accounting period.

Chapter 3. Procedure for creation of annual consolidated financial statements by administrators of the budget programs

14. The annual consolidated financial statements are constituted by administrators of the budget programs as of December 31 of the current financial year. The annual consolidated financial statements are constituted for the calendar period from January 1 to December 31.

In case of creation of annual consolidated financial statements the following requirements are observed:

completeness and reliability of reflections for the accounting period of all transactions;

correctness of reference of the income and expenses by the accounting periods;

identity of data of analytics to turnovers and account balances of the synthetic accounting on the first following the accounting period;

accuracy of filling of indicators and inadmissibility of erasures and blots. In case of error correction the corresponding entries certified by persons which signed the financial reporting with indication of date of correction are made.

15. The amount of annual consolidated financial statements includes:

1) the consolidated balance sheet in form according to appendix 1 to these rules;

2) consolidated statement about results of financial activities on form according to appendix 2 to these rules;

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