Document from CIS Legislation database © 2003-2023 SojuzPravoInform LLC

It is registered

in the Ministry of Justice

Azerbaijan Republic

On January 9, 2001 No. 2539

Approved by the Ministry of the State-owned property of the Azerbaijan Republic of January 5, 2001 No. 04

Rules of issue by the Ministry of state-owned property of the conclusions of write-off of property, plant and equipment (funds) consisting on balance of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized fund there is share of the state

1. This document is developed according to the Law of the Azerbaijan Republic "About financial accounting", the "Provision on the Ministry of state-owned property of the Azerbaijan Republic" approved by the Presidential decree of the Azerbaijan Republic of December 24, 1999 and also the resolution of the Cabinet of Ministers of the Azerbaijan Republic "About settlement of some costs included in product cost (works, services)" of July 3, 1997 in No. 71 and establishes rules of giving state-owned property of the conclusion by the Ministry of write-off of property, plant and equipment (funds) consisting on balance of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized fund there is share of the state.

2. The conclusion on write-off of property, plant and equipment (funds) consisting on balance of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized fund there is share of the state is given in case of write-off from the fixed asset account with original book value from above 10, to 0 million manats for unit or set which became unsuitable and also in case of write-off of such property, plant and equipment (funds) from the account of their principal organ of management.

3. If original book value for unit or set of the fixed assets which are subject to write-off (except automobiles), below 10, 0 million manats, the conclusion on their write-off is not required.

4. Legality of write-off of property, plant and equipment (funds) specified in Item 2 of these rules audit opinion affirms as all cases if these means (funds) are in not completely worn-out type and also if terms of their operation are not finished, and only in necessary cases if they are completely worn-out.

5. Write-off in addition to fixed assets and other property (values) is performed by order of, to the decision, the order of the director, organization and organization according to the procedure, provided by their accounting policy.

6. For receipt of the conclusion shall be provided:

* the appeal of the state companies and organizations, and also not completely privatized joint-stock companies and legal entities in which authorized capital there is share of the state;

* the copy of the order on creation of liquidation commission for determination of unfitness to use of property, plant and equipment (funds) which became unsuitable, impossibility or inefficiency of their repair and also for creation of proper documents on their write-off from the account;

* (forms No. 3 G), and also "The act of liquidation of vehicles" approved in the appropriate order "The act of liquidation of property (values) (GA form No. 3) on write-off from the fixed asset account (funds) which became unsuitable;

* data on residual cost of property, plant and equipment (funds) which are subject to write-off;

* audit opinion (in cases, stipulated in Item 4 these rules).

7. After establishment of legality of write-off of property, plant and equipment (funds) the conclusion in writing is drawn.

8. If write-off of property, plant and equipment (funds) does not conform to requirements of the existing legislation and also if the audit opinion in cases when it be provided is not provided, the Ministry of state-owned property can refuse making the conclusion about what addressed is submitted the written notice.

9. These rules become effective after carrying out their state registration in the Ministry of Justice of the Azerbaijan Republic.

 

 

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