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Registered by

Ministry of Justice

Russian Federation

On May 26, 2008 No. 11749

ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of April 29, 2008 No. 48n

About approval of the Accounting regulation "Information on the Related Parties" (PBU 11/2008)

(as amended of the Order of the Ministry of Finance of the Russian Federation of 06.04.2015 No. 57n)

For the purpose of enhancement of normative legal regulation in the sphere of financial accounting and accounting records and according to the Regulations on the Ministry of Finance of the Russian Federation approved by the order of the Government of the Russian Federation of June 30, 2004 N 329 (The Russian Federation Code, 2004, N 31, Art. 3258; N 49, of Art. 4908; 2005, N 23, Art. 2270; N 52, of Art. 5755; 2006, N 32, Art. 3569; N 47, of Art. 4900; 2007, N 23, Art. 2801; N 45, of Art. 5491; 2008, N 5, to the Art. 411), I order:

1. Approve the enclosed Accounting regulation "Information on the Related Parties" (PBU 11/2008).

2. Recognize invalid:

the order of the Ministry of Finance of the Russian Federation of January 13, 2000 N 5 N "About approval of the Accounting regulation "Information on Affiliates" PBU 11/2000" (the order is registered in the Ministry of Justice of the Russian Federation on May 10, 2000, registration number 2215; Bulletin of regulations of federal executive bodies, N 21, on May 22, 2000; "The Russian newspaper", N 92-93, on May 16, 2000);

Item of 3 changes and amendments in regulatory legal acts on financial accounting approved by the order of the Ministry of Finance of the Russian Federation of March 30, 2001 in N 27 N (the order is registered in the Ministry of Justice of the Russian Federation on May 4, 2001, registration number 2693; Bulletin of regulations of federal executive bodies, N 20, on May 14, 2001; "The Russian newspaper", N 91-92, on May 16, 2001).

3. Determine that this order becomes effective from annual accounting records for 2008.

Deputy Prime Minister of Russia Minister of Finance of the Russian Federation

A. Kudrin

Appendix

Accounting regulation "Information on the Related Parties" (PBU 11/2008)

I. General provisions

1. This Provision establishes procedure for disclosure of information on the related parties in accounting records of the commercial organizations, except for credit institutions (the daleeorganization constituting accounting records).

2. This Provision is not applied when forming the reporting developed for the internal purposes by the organization constituting accounting records; the reporting constituted for the state statistical observation; the reporting information provided to credit institution according to its requirements; the reporting information provided for other special purposes.

3. This Provision can not be applied when forming accounting records by the organizations which have the right to apply the simplified methods of financial accounting, including the simplified accounting (financial) records.

4. The legal and (or) physical persons capable to exert impact on organization activity, constituting accounting records, or on activities of which the organization constituting accounting records is capable to exert impact (the related parties) can be:

a) legal and (or) physical person and the organization constituting accounting records which are affiliates in accordance with the legislation of the Russian Federation;

b) the legal and (or) physical person registered as the individual entrepreneur and the organization constituting accounting records which participate in joint activities;

c) the organization constituting accounting records, and non-state pension fund which acts for the benefit of employees of such organization or other organization which is the related party of the organization constituting accounting records.

5. Transaction between the organization constituting accounting records, and the related party any transaction on transfer (receipt) of assets, rendering (consumption) services or emergence (termination) of obligations (irrespective of receipt of payment or other counter provision) between the organization constituting accounting records and the related party is considered.

Can be transactions with the related party:

acquisition and sales of goods, works, services;

acquisition and sale of fixed assets and other assets;

lease of property and provision of property in lease;

financial transactions, including provision of loans;

transfer in the form of contribution to the authorized (share) capital;

provision and receipt of ensuring obligation fulfillment;

other transactions.

II. Disclosure of information on the related parties

6. The organization constituting accounting records opens information on the related parties in cases when:

such organization is controlled or on it there is considerable influence by legal and (or) physical person;

such organization controls or exerts considerable impact on the legal entity;

such organization and the legal entity are controlled or on them there is considerable influence (directly or through third legal entities) the same legal and (or) same physical person (the same group of persons).

7. The legal and (or) physical person, as a rule, has opportunity to determine the decisions made by other legal entity for the purpose of receipt of economic benefit from activities of the last (controls other legal entity) when such legal and (or) physical person has:

owing to the participation in economic society (partnership) or according to the powers received from other persons, more than fifty percent of total quantity of the voices falling on voting shares (shares) in the authorized (share) capital of this economic society (partnership);

the right to dispose (it is direct or through the subsidiaries) more than twenty percent of total quantity of the voices falling on voting shares (shares) in the authorized (share) capital of this economic society (partnership) or constituting the authorized (share) capital of deposits, shares of this legal entity and has opportunity to determine the decisions made by such legal entity.

8. The legal and (or) physical person exerts considerable impact on other legal entity when has opportunity to participate in decision making of other legal entity, but does not control it. Considerable influence can take place owing to participation in the authorized (share) capital, provisions of constituent documents, the signed agreement, participation in the supervisory board and other circumstances.

9. The list of the related parties, information on which reveals in accounting records of the organization constituting accounting records, is established by such organization independently on the basis of this provision proceeding from content of the relations between the organization constituting accounting records and the related party taking into account the requirement of priority of content before form.

10. If in the accounting period the organization constituting accounting records performed operations with the related parties, then in accounting reports under each related party the following information reveals, at least:

nature of the relations (according to Item 6 of this provision);

transaction types;

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